Topic: How many bitcoin is enough? - page 10. (Read 4130 times)

As you said, we cannot put limit to the number of bitcoin one shall have because the more you have, the richer you are. The limit is basically put by other factors automatically such as your investment; your trading capabilities etc. because it is not always possible to purchase one bitcoin directly with cash. I am in agreement that the minimum one shall have should be 1 bitcoin so that he can enjoy profits at peak.

 It depends on what you want to do with the money. I personally would be sufficient with just couple of bitcoins because that would allow me to get out of debt decently and still have a bit of money aside and just continue living a decent life. Sure I wouldn't be rich, sure I would still work pay check to pay check, but at least I would be out of debt and have a bit at the side in emergency situations so that would help me not to be worried about money all the time.

 However where I live there are tons of poor people, and I know them very well myself, If I had hundreds of bitcoins, I would be capable of building an organization that helps out those people, now I know we need billions of dollars, maybe even over a trillion to help all poor people but if I was given the chance and the money and the time (time equals money for people like me who has to work to make money so I would need money to work on the poor as well), I would love to help the poor people around me first, if every rich person helped the poor people around them, there wouldn't be any poor people left in the world. So that would require a lot more money.

 If you want to live a comfortable life without working, even if you are in the richest nation in the world and living in the most expensive place, anything over 100 bitcoin would give you just luxury, for 100 bitcoin you can live a whole life without ever working, the trouble is with people who want over 100 bitcoin to have a luxurius life and not a standart life because they are greedy.

It's more about how much money you have.

People should stop looking at Bitcoin as a get rich scheme but rather as a safe harbor for your money. If you have 100k on the side, put at least half of it in Bitcoin. If you have 10 million, do the same. If you're poor, even 1k will have an impact on your future.

yes its true that earning bitcoin is same as earning from any kind of job, and we all know that a job is not for only short period f time, it is until for the retirement. i also do not have a specific target for bitcoin, i will earn it as much as i can do because it is my full time job and i could not quit it.

I myself do not have a target, working here is the same as working in the real world,
Bitcoin has given me life and food, of course there will be no end to finding Bitcoin

Well, that is not entirely the same. Here you can buy a static percentage of a full blown asset/currency while saving an amount of money is arbitrary and moving up all the time. Remember when someone with a million dollar was actually really rich just 20 years ago. Now that is basically just the needed regular amount for a middle class life.

Years ago I told everyone 10 Btc is a nice goal. Now this is not achievable anymore, so I recommend just 1.

As a part of this community, I'm aware that all of us have unlimited desires. So the answer is subjective because it is really depends on what type of personality that we have. I invested the money that I can afford to lose in bitcoin. I simply invested the money that even if I lose it, I will still say for me that it is okay because my I'm prepared to the consequences. The risks are high but I keep acquiring bitcoin because of its potential in the cryptocurrency market.

It is same as saying how much money you want. There is no stop to greed as even you achieve your target then also you will think of getting more. Aim for certain target that is sufficient for good life rather than aiming for luxurious life.

Well if you want to invest your money and you want to trade daily then both are not good to do together that’s why Better choose one. I think it is good to trade long term and invest long term because it’s safe and you will not get disturbed with market changes. So if you have money buy bitcoin and collect mostly in a bearish market.

It will never be enough to have bitcoin because everyone is racing to collect bitcoin in any way, because they know that in the future bitcoin will be far more profitable.
and I personally always try to buy bitoin in small amounts incrementally from the rest of my salary that I have budgeted after meeting my needs, and I will continue to do so as long as I can afford unlimited bitcoin and for the future of my family later.

you said the price of bitcoin can rose to 50k usd ?  i believe on it and that is possible , thats why i dont need too much bitcoin because having too much of bitcoin is verry hard for me to achieved.

 for i  can only accumulate 2 or more bitcoins per 2 years based on my calculations when i look at my transactions on the past two years ago via blockchain explorer.

I just had to highlight the wisdom here:

1. Knowing that bitcoin and crypto investment are generally high-yield and high-risk investments is very important to anyone at any stage - whether a newbie or a savvy investor or an experienced trader. The key is to not get carried away and put all eggs in one basket (that's borderline greed). And then comes the next point;
2. Buy what you can afford, don't risk it all, and if you must buy more, consider cost-averaging your portfolio.
3. Only invest what you can lose. Now, this is very important and yet tricky, Get out capital, reinvest ROI, save up from future ROIs and compound interest - these sound like very interesting strategies, if you know how to use them well.

I don’t have the time for what people has to say, I know that this bitcoin investment is a risky thing so I just buy what I can afford. People don’t rule my life . When I was a newbie I just invested a bit and when I gained some profit, I used it in my business and the profit that came out doubled and I was increase my next Investment in Bitcoin. That’s how it kept going till I was able to buy up to 1 Bitcoin, and next 2 and just like that, and I strongly believe that as time goes on I will reach a level where I can be able to buy lots of bitcoin and not get worried about price falling. I always check my pocket before investing because Bitcoin is not the only place my money goes to, I have a business, family and more other things.

I divide my money into emergency funds, savings, investment, etc.

Having a set goal of how much Bitcoin to own isn't really realistic, except it pushes you further to own more. If you want to only have 1 Bitcoin, I doubt you'd be able to stick to just that one. But imho, st least have 1 Bitcoin, so if the price someday hits any of the outrageous speculations, you'd be in good company. Besides, scarcity will help you make it to the rich list with at least 1 Bitcoin. Quite a cool ring to it.

Their is no exact figure as every one has their own need and demand to have it . More you have better it is as in future as you said if prices rose to 50k you may become millionaire or even billionaire if you hold some decent quantity of it . Also your kids can enjoy the luxury of life .

It is big deal because it is already a huge amount. Everyone inside the crypto world could feel envious if anyone they know is holding a thousad of dollars here in crypto because it is very difficult to earn that amount most especially as what you hav said, to the students and kids. Coz most especially the crypto users are students or teenagers.

Opinions change as we go up in price. It used to be that they were having elite clubs of people owning 100 bitcoins then 50 then 21 then 10 now it's 1

I can bet you that if we ever go to 50 thousand dollar bitcoin you're going to be in the elite if you even have 0.1 because kids and students won't even be able to afford it. You have 0.1 you're still big if you think that the minimum wage in some countries is $100 a month. Owning 1000 dollars in Bitcoin is already a big deal for half of the world.

Yeah 1 bitcoin is enough for an investors but I think if a person have huge amount of money then I think he need to buy more and more bitcoin that how much he have money because now the price of bitcoin is going to increase and if he save it for long time then I think bitcoin will give him very good profit.

indeed 1 bitcoin has a very high exchange rate and if supply reaches a maximum then I think there will be a lot of bitcoin price movements because there will be many who are looking for bitcoin and few will sell it at the exchange so that I am sure the price can be very expensive.

If you can afford 1 bitcoin then I think it's enough for you to save them. There are only 21 Bitcoins in this world and 18,152,537 of them have been mined and in the circulation right now. Imagine if 18 Million of the population own one bitcoin each and you collected one of them. Bitcoin is a deflationary meaning that its value will increase in the future, I personally buy bitcoin as much as I can, hopefully, can afford a whole not in a fraction.