Enough? - page 6. | Bitcointalksearch.org

CryptocurencyKing

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

It's not bad at all for a long term holding but, nothing stops you from getting more in the future. Buying or making all your btc investment at once is not a very easy thing to do and your likely not to do much that way.
Like you've said, it would leave you in a tight spot to try going beyond 0.1btc investment on a long term. That's good.

How about not being in that tight spot? How about a gradual growth of your portfolio by gradually buying coins from your spare cash periodically within a year. Of course that could work and I feel its a more better idea to keep investing without being in a tight spot.

EarnOnVictor

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

After all, you are making efforts, and be aware that no investment is too small just as no investment is too much. You have to "cut your cloth according to your cloth," just be sure that your investment does not affect your convenience, it's not worth it in that sense.

As for adding more income to what you presently earn, it's up to you, but judging by the size of what you could afford for investment in the long term, it shows that you are not doing well financially.

This is naturally a challenge for you even without the involvement of any investment.

Iranus

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

I would say it depends on your greed, if you feel enough, it will be enough, if you feel not enough, it is not enough. Human greed has no bottom when we dream of getting 0.1 BTC, and after achieving it, we dream of getting 1 BTC. So it can be said, enough or not is up to you. If you hold 0.1 BTC till next bull season and, let's say bitcoin hits $100k, then with 0.1 BTC you own $10k, and if you are in my country, $10k is a very large amount.

jrrsparkles

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

Enough for what? for the retirement?

Its upto you and what plans you have to do with your money, lets assume currently 1BTC is 20K meaning 0.1=2K even if it grows 100 times while long term it will be 200k and now you say it will be enough for you?

coinerer

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

Everyone invests bitcoins according to his ability and no one ever invests his entire assets in bitcoins and invests them in bitcoins at a certain percentage rate. 0.01 Bitcoin is enough for some people, not 0.1. Since Bitcoin is very popular worldwide and Bitcoin will be used more and more in the future then 0.1 Bitcoin will be a huge amount in terms of Bitcoin supply. So I personally think 0.1 bitcoin is enough for long time investment. But if you can afford it, you will be better off holding more than that

Jawhead999

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Let we assume Bitcoin price reaching $100,000 is your achievement, so holding 0.1 BTC is worth for $10,000.

Do you live in a developed country? holding 0.1 BTC isn't enough because they're can earn more than $10,000 in a year. So it's just an average money for them and it's not that big.

Do you live in an undeveloped country? Holding 0.1 BTC is enough because many people are really hard to reach $10,000, it may take 5-10 years to get it. So if you've holding 0.1 BTC or $10,000, you will survive for next 5-10 years.

Dickiy

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

0.1 BTC is said to be enough or not depending on the orientation of thought and economic conditions of each because usually everyone has their own satisfaction with the amount of bitcoin they have which is adjusted according to their abilities, but if you have extra money that still has a lot left maybe that not enough in my opinion, if possible you need to collect it 2-4 times more. but if on the other hand your position is not so fortunate in terms of financial I think that's enough for you, choosing the decision to add a job or look for a side job is a good idea but in my opinion it's not a good idea if it forces yourself to conditions that make you tired.

Stella Mese

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in this case actually the decision is yours, but if indeed 0.1 btc in your opinion is what you can afford it is actually the right one for you. because investing in btc certainly has a risk of profit and loss, so in my opinion investing in bitcoin with only 0.1 btc for the long term is a better thing than not investing at all.

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

Well, I truly believe such amount can make you a millionaire some day. But you'll have to wait (and perhaps it won't happen during your lifetime). No amount is too small. Every satoshi counts.

It's very subjective, you know: it can be a huge amount for some. For some it's just a small investment, but some can go all in for this amount. Without knowing how much you earn, where you live, your net worth, other investments etc you can't say for sure if this is enough for you specifically.

S A KHAIR

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

0.1 BTC good enough or not.

0.1BTC may not be worth much at current prices but if you can hold it for years when each bitcoin is worth 500k or 1 million then your 0.1BT C is well worth it. And during that holding period, you can accumulate even more. It doesn't matter how much or how little BTC, what matters is how long you can hold it.

pawel7777

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

If the best you can save up, in the long run, is an equivalent of ~$2,300, then your best bet would be to acquire some marketable skills and boost your earnings. That 0.1btc is unlikely to be a "make it" stack - meaning you won't be able to retire on that and will still need to have some other source of income.
So hold some bitcoins but don't put all your hopes in it. Focus on increasing skills and earnings.

On a side note, it only takes BTC0.262 to be in the top 1% of holders of the world population (BTC21 divided by 1% of the total current world population)

Fivestar4everMVP

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

owning 0.1 Btc as a new person in crypto investment is a good and commendable achievement already, but then, if it is still within your capacity to own more Bitcoins, then why not?, most especially considering the fact that in the end of it all, it is still your money and you can decide to tell it anytime you please..
0.1 bitcoin is good amount to hold for the long term, but if you still have the financial means, then try to double or triple that, or even hold 1 full bitcoin, the more, the better, and so will you make more profit once the price of bitcoin begins to climb.

BitDane

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If you ask me, I can say that 0.1 BTC is not enough for me since my goal is to have at least 1 BTC in my wallet. But still just like many replies here, it is up to you whether 0.1 BTC is enough or not. If you will struggle after accumulating 0.1 BTC then I think better to stop when you fulfilled it first. Look for an extra job and see if you will be good if you will start accumulating Bitcoin again.

@OP, you know that people's mind works in a way when a goal is achieved, another goal to surpass what is currently met will eventually form. In the end, 0.1 BTC might be a starting amount for you and you might aim for more if fund is available.

PrivacyG

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Look at our history. Was 0.1 Bitcoin enough years ago? There was a time 0.1 could only get you a candy. There was a time 0.1 could get you a burger. Then a dumb phone. Then a smart phone. Then a high end smart phone. Then an Apple laptop of your choice. Now it can get you a pretty decent comfortable used car. In some countries, even a decently sized lot of land. In poorer countries, maybe even a house.

If things go the same way, it may get you a decently sized house in a first world country decades down the line. Maybe. Who knows.

Do you trust it? Do you trust yourself investing in Bitcoin? Go ahead. Do you think there are other maybe better ways to store value? Better investment opportunities? Then leave Bitcoin alone. It is all about you, my friend.

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Regards,
PrivacyG

lalabotax

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

In my opinion, there is no limitation of enough or not enough in investing in Bitcoin for long-term period. What we need to think is the money or funds to invest. As long as they are free money without any doubt and we can afford it, this is enough. And every time if we have free money again, why not add the amount to increase the Bitcoin accumulation for the next bullish era preparation? This is good enough moreover if we are using the DCA we may decrease the small missing of chance.

However, once more, this will depend on your own target. Sometimes, people are having certain targets in investing in Bitcoin and they want also altcoin investment. that is why it will depend on your own strategy. The wisest thing is that never put your money into hype coins or shit altcoins although they promise you many things.

Furious 7

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Regardless of enough or not, it's back to you actually, whether that is your limit now, then if it is, that means it's enough for you. But things like this are clear if we still have a great desire and still have more money then it's not wrong to add more as you can.
I think in this case it's not a matter of enough or not but how capable you are of being here and how strong you hold on when talking about the long term.

summonerrk

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

0.1 btc is quite a good amount for the initial acceleration of the deposit. Now you need to understand: you will use safe methods, which mainly include holding. Or, as experienced traders often do with such an amount, they tried to increase this amount with aggressive, but more profitable methods, including weekly trading.

isaac_clarke22

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Quote from: Z390 on February 04, 2023, 03:40:22 PM

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1 BTC = 1 BTC therefore 0.1 BTC = 0.1 BTC.
The answer to your question regarding if you need to be earning more from your side job is entirely up to you. Were those 0.1 BTC you bought a lot in your local currency? Here in my country, that is a lot to be honest though not enough yet to buy a house.

There is no minimum amount for you to invest in the long-term, OP. I had even day traded waaaaay less than that and I would not even think of buying that amount as a start assuming I do trading these days again.

Ultegra134

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It's certainly not a petty amount; as someone else already mentioned, it's worth about $2,500, which isn't a little, while if you had the same amount of Bitcoin during the previous ATH, you'd have almost $7,000. Not bad, right? I know that it looks like a small amount, but you still have great earning capabilities when the bull market comes. Don't get pressured into buying more Bitcoin than you can afford, and certainly don't change your life just to accumulate more.

There's an ongoing trend pressuring Bitcoin acquisition, something I noticed in newer members way too often because there's the fear of missing out. Unfortunately, most of us didn't have the chance to purchase in the earliest days and missed that opportunity, and especially newer users are afraid that this is their only chance.

dothebeats

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Whatever money you can afford to buy bitcoin, do it. Any amount of bitcoin you own is actually a good thing, regardless if it's 0.1, 0.01, or even 1 and above. At least, you have some, and you acquire them using the money that you are fine losing. I don't know what other people deem 'enough' for their bitcoin ownership, but to me, as long as I have some disposable income, I buy bitcoins regardless of the price.

If you really wanted to invest more in bitcoin, then maybe upgrading your sidejob may do the trick. Mind you, this does not only improve your capability in buying bitcoin but it also allows you to save more since you are receiving more money now so overall it's a win-win for you.

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