How many bitcoin is enough? - page 12.

cosmofly

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Quote from: southafricadude on December 09, 2019, 08:49:21 AM

Do you guys have a certain amount you are aiming for?
Personally I dont have a cap on the amount I want to get. I just keep getting as much bitcoin as I can, when I can. Stacking sats I think the cool kids call it.
I dont think I will ever stop doing this. If I need to liquidate some in order to live and buy things, i'll do that, but i'll always keep trying to replenish what I spend.

I will aim to earn 10 bitcoins in the coming years by trading. and for sure I will hold it for the next 5 years, I believe that the parabola curve of Bitcoin's future price will be effective. Bitcoin's price after halving in 2021 will soon reach $ 60k. I have always believed in shark manipulation strategies, so this is a good time for us to accumulate more bitcoins and push the market higher.

lienfaye

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Quote from: Mpamaegbu on December 20, 2019, 08:58:33 PM

A logical answer to that question would be - Money is never enough for anyone. Even the richest man on earth still finds a way of making more wealth. Whatever the price of Bitcoin (whether now or in the nearest future when several halvings would've caused price to jump), no one should relent in accumulating more Bitcoin if they know how to.

Indeed, when it comes to money usually people has no contentment. If you dont do something to accumulate and just stop, there's a chance you will slowly lose it for spending and for other needs.

So as long as you can keep earning btc then keep doing it because we cant specifically say how much is enough. Plus the volatility can make the value fluctuates it goes up and down unless you chose to sell and save your earnings in bank.

Mometaskers

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Quote from: Tramirostronix on December 20, 2019, 08:59:45 AM

Quote from: Mometaskers on December 20, 2019, 12:28:49 AM

snip

After don't go to a place where Bitcoin is forbidden or to a dangerous place Cheesy

Plenty of countries in Asia with low cost of living where Bitcoins are legal. I think those from Western Europe can also just move to Central or Eastern Europe if they don't like to go too far away or want to feel still safe. Both should allow you to stretch whatever BTC you saved.

Karmakid

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Quote from: Polar91 on December 20, 2019, 11:28:06 PM

Quote from: Mpamaegbu on December 20, 2019, 08:58:33 PM

A logical answer to that question would be - Money is never enough for anyone. Even the richest man on earth still finds a way of making more wealth. Whatever the price of Bitcoin (whether now or in the nearest future when several halvings would've caused price to jump), no one should relent in accumulating more Bitcoin if they know how to.

But to set a goal, it is quite possible. There are people who knows and are contented to reach their achievement. It is not necessary to always save much money and invest too much, we all know people have needs to, and setting up a goal for them to achieve is one way of making their goal possible. For example if a person wants to save for a house then he will then try to set a goal of 10 BTC, with that, after he reached his goal, he could totally stop investing more and just wait for it to double or even triple. They might end up spending future bitcoins that they could earn just like budgeting our daily allowances and money.

You are right but it is more comfortable to have a lot of money to spend rather than living on a tight budget. I would suggest once you achieve your goal of bitcoin then you should diversify, cash out some of your money there and put it into other investments that can give you a good amount of revenue to slowly increase your cash flow which will make your life more comfortable.

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Quote from: Mpamaegbu on December 20, 2019, 08:58:33 PM

A logical answer to that question would be - Money is never enough for anyone. Even the richest man on earth still finds a way of making more wealth. Whatever the price of Bitcoin (whether now or in the nearest future when several halvings would've caused price to jump), no one should relent in accumulating more Bitcoin if they know how to.

But to set a goal, it is quite possible. There are people who knows and are contented to reach their achievement. It is not necessary to always save much money and invest too much, we all know people have needs to, and setting up a goal for them to achieve is one way of making their goal possible. For example if a person wants to save for a house then he will then try to set a goal of 10 BTC, with that, after he reached his goal, he could totally stop investing more and just wait for it to double or even triple. They might end up spending future bitcoins that they could earn just like budgeting our daily allowances and money.

Mpamaegbu

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A logical answer to that question would be - Money is never enough for anyone. Even the richest man on earth still finds a way of making more wealth. Whatever the price of Bitcoin (whether now or in the nearest future when several halvings would've caused price to jump), no one should relent in accumulating more Bitcoin if they know how to.

qiwoman2

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I get my salary now in BTC so my plan is to just save what I can, spend some in some low cap coins to be able to get More btc, but I don't think putting a specific number on what we should have will really help because people have different needs and cost of living in different places. In one place maybe 2k USD a month is what you need to live on but in another you could live on 200 bucks a month. It's all relative to demographics I think so everyone will have different targets. Also different age groups want different things out of life and will then plan accordingly. I was hoping to try to get one Bitcoin at least saved this year but it will take time and a lot of effort and commitment and also I would need to get some extra work as well to try to save more. I think one Bitcoin a year for the next five years would be a nice nest egg, but Ideally if you could save a lot more, would be even better.

Visbay

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Quote from: Tramirostronix on December 19, 2019, 07:05:15 AM

Quote from: shield132 on December 18, 2019, 04:54:44 PM

Quote from: southafricadude on December 09, 2019, 08:49:21 AM

I remember when people used to say having 21 was good, because then you would have 1 millionth of the supply. Now I see people talking about some 6.15 number, which I have no idea why or how anyone came up with that number.
Other guys tell people having 1 bitcoin will be 'enough' in the future, and how long into the future, I do not know.
I recently saw people saying online that 1 bitcoin is not attainable for most people, and they should aim for 0.1 bitcoin, and that sounded crazy to me. Surely if something is so important, you can find a way of getting 1 bitcoin over a year or two?

Do you guys have a certain amount you are aiming for?
Personally I dont have a cap on the amount I want to get. I just keep getting as much bitcoin as I can, when I can. Stacking sats I think the cool kids call it.
I dont think I will ever stop doing this. If I need to liquidate some in order to live and buy things, i'll do that, but i'll always keep trying to replenish what I spend.

Why 21? Because of 21 million supply and took that number as a symbol of that?
Sometimes your aim depends on your probably achievable goal but sometimes it's a huge dream you are fighting for. To be fair non amount is enough because you see a billionaires which do none charity and even try their best to earn more and more, as much as possible and buy a lot of businesses and etc.
To my mind it's amazing if you save 1 bitcoin and don't touch it for years, logically price has to rise as time goes and more and more halving comes so it means maybe current 7K will be 70K in 10 year, who knows?

Yes 21 is just a symbol, a weird one if you don"t know anything about BTC Cheesy

or bitcoin will die and you lose everything ? Or maybe btc will be 700$ and you will think 1BTC is low and you will buy 10 to have the same value ?

It is not a good price for bitcoin because as much power does bitcoin have so it will never get down to the value if only 700$ infect I think the price Will become so high so we should store huge amounts of bitcoin as much as we can. I know bitcoin falls down but it again recovers and gives us profit so no amount is fixed I just buy as much as I get a chance to buy

Tramirostronix

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Quote from: pragna on December 20, 2019, 11:40:13 AM

I think you should never think how much is enough. If you have any opportunity to earn BTC you can earn but implementation is a big thing here. Suppose now you earn 100 BTC but after one month BTC down to 5k and for sudden matter you sell it and after your selling BTC hit 10k. Then where will go your earnings?

So if you have way to earn BTC you go fowared behind it and time will say how many BTC is enough.

Yes but if you don't have a final goal it's easier to be victim of greed I think. If you reach your goal you can stop or continue if you are greedy...

pragna

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I think you should never think how much is enough. If you have any opportunity to earn BTC you can earn but implementation is a big thing here. Suppose now you earn 100 BTC but after one month BTC down to 5k and for sudden matter you sell it and after your selling BTC hit 10k. Then where will go your earnings?

So if you have way to earn BTC you go fowared behind it and time will say how many BTC is enough.

Tramirostronix

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Quote from: Mometaskers on December 20, 2019, 12:28:49 AM

There is still no way to know how high it can go, or if it'll still even be around within the next decade so just save what you can but not too much that you neglect saving for other investments. And don't be too hard on yourself not achieving that bitcoin goal.

If you were oblivious to btc in its early days like me, then it's understandable if you can't reach it. It only hit 1k around 2013 so it's adopters prior to that that were likely able to get BTC21+.

Quote from: Tramirostronix on December 19, 2019, 05:26:47 PM

At current price 80 btc is like 560 000$ if you live in a "cheap country" I can agree it is enough but in countries like France it is impossible.
For example in Paris a regular house (22 square meter) is around 900$/month so 51 years maximum just for the bill ... if you had the rest ...

food for a student is around 300$/month
public transports : 35$/month
electricity + gas etc let's say : 170$/month ..

So in a month you spend like : 1405$...

so 33 years with 80 bitcoin MAXIMUM without working and having fun ... Embarrassed

More reasons to accumulate bitcoins then. Then you can bring it with you when you move out to move to a cheaper country then just en-cash it there.

Assuming the cost of living don't catch up to Europe by the time you move in, you can probably just save half of the intended amount.

Yes of course but you want to stay in Paris it's another parameters.
For me if you can go to a cheaper country go to one:
-cheaper
-better life quality for you
-a new culture
-you can still go back to your country try if you feel homesick.

After don't go to a place where Bitcoin is forbidden or to a dangerous place Cheesy

TitanGEL

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Accumulate bitcoin as much as we can but make sure that the money that we are going to use is the money that we can afford to lose. Bitcoin investment is good but it is risky which means we can have big rewards and also a big losses. I have bitcoins and I keep trading it because I want to grow my bitcoins. I know the risks and that is why I also be careful when trading, I always have cut loss price to not let my losses reached -10%.

simona25

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Man is arranged in such a way that there is always not enough money and he strives for more. For each, this limit has its own border. No need to greed and store all the capital in one coin.

riso2015

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Quote from: luckyflop on December 18, 2019, 02:37:50 PM

I think you don't need to set a limit, try to work and accumulate as much bitcoins as possible because it will help you try and get more money in the future. I entered this market for the purpose of making a profit and so I also try to make as much bitcoins as possible

I totally agree with you. I also entered this market to get as much Bitcoin as possible, We will always need Bitcoin because I believe Bitcoin is a currency that will be very useful in the future. So collect as much Bitcoin as possible from now.

awik p

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Quote from: meliodas on December 19, 2019, 05:31:29 PM

Quote from: Barbut on December 19, 2019, 02:21:06 PM

Quote from: Aikidoka on December 19, 2019, 11:42:48 AM

I don't think you have to put a limit to yourself of bitcoin, I mean as much as bitcoin you'll own it will be so good in the future, because you'll make really a huge profit from it, so it's better to not set any limits to yourself and just work hard and earn as much as you can of bitcoin

There is no need for limitations I agree with that, you can try to buy or earn as many as you can. I know how much I would like to have, and when I come to that point I will focus more on some altcoins I wish to have. Now I choose Bitcoin when ver I can, I pay attention on other good projects, but Bitcoin is my main focus.

I think that it is wise to pay attention to other projects though, you know, as a way of making more bitcoin. We can invest in some good projects and after a few months, they will go up high and that is when we are going to exit the train that they have and enjoy our profits. We can focus in bitcoin while also side hustlin' on other altcoins for quick profits.

careful analysis is needed to invest in other projects let alone new projects. different from us choosing altcoin on the rank of the coinmarketcap, maybe it would be simpler to analyze. I think how much bitcoin is appropriate for us depends on the individual abilities of each person, and we must be responsible for these assets

Btc_1856

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Bitcoin is money, why should we limit ourselves, if you have the ability to claim more Bitcoins, then don't stop keep on claiming many bitcoins. Even I am doing the same thing keep on claiming more Bitcoins through trading and holding them in my cold wallet.

Mometaskers

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There is still no way to know how high it can go, or if it'll still even be around within the next decade so just save what you can but not too much that you neglect saving for other investments. And don't be too hard on yourself not achieving that bitcoin goal.

If you were oblivious to btc in its early days like me, then it's understandable if you can't reach it. It only hit 1k around 2013 so it's adopters prior to that that were likely able to get BTC21+.

Quote from: Tramirostronix on December 19, 2019, 05:26:47 PM

At current price 80 btc is like 560 000$ if you live in a "cheap country" I can agree it is enough but in countries like France it is impossible.
For example in Paris a regular house (22 square meter) is around 900$/month so 51 years maximum just for the bill ... if you had the rest ...

food for a student is around 300$/month
public transports : 35$/month
electricity + gas etc let's say : 170$/month ..

So in a month you spend like : 1405$...

so 33 years with 80 bitcoin MAXIMUM without working and having fun ... Embarrassed

More reasons to accumulate bitcoins then. Then you can bring it with you when you move out to move to a cheaper country then just en-cash it there.

Assuming the cost of living don't catch up to Europe by the time you move in, you can probably just save half of the intended amount.

hahay

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Quote from: shoreno on December 18, 2019, 02:21:47 PM

Quote from: sulendra12 on December 18, 2019, 01:51:52 PM

There is no "enough" on currency, you always need money and it's always does no matter what time frame it is. We can't say you only need X bitcoin and you already feel satisfied about it, where your economy are literally bad. I would say that it's indefinite amount of Bitcoin you need to collect.

you must be specific on what kind of currency you are talkin about . if its a local currency then they have a limitations but if its a crypto curency then they can freely move up and down without limits but sky is only the limit i think . also depend on the person if how much money he need because some only want enough money but others are not contented on what they have and they always want more . i dont think that money is the solution for a bad economy but there are other proper solution with that problem .

He is clearly talking about bitcoin and even I just found out if there are limits to having local currency. Free to move or go up and down? that means you are talking about usage and exchange rates or whatever, while the topic is about the supply of available bitcoin. When we discuss thoroughly about enough bitcoin or other currencies, the answer is that there is not enough so long as any currency has a worth and valuable value to have because most individuals will only continue to collect as much money as possible and they will never feel enough for the umpteenth time.

meliodas

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Quote from: Barbut on December 19, 2019, 02:21:06 PM

Quote from: Aikidoka on December 19, 2019, 11:42:48 AM

I don't think you have to put a limit to yourself of bitcoin, I mean as much as bitcoin you'll own it will be so good in the future, because you'll make really a huge profit from it, so it's better to not set any limits to yourself and just work hard and earn as much as you can of bitcoin

There is no need for limitations I agree with that, you can try to buy or earn as many as you can. I know how much I would like to have, and when I come to that point I will focus more on some altcoins I wish to have. Now I choose Bitcoin when ver I can, I pay attention on other good projects, but Bitcoin is my main focus.

I think that it is wise to pay attention to other projects though, you know, as a way of making more bitcoin. We can invest in some good projects and after a few months, they will go up high and that is when we are going to exit the train that they have and enjoy our profits. We can focus in bitcoin while also side hustlin' on other altcoins for quick profits.

Tramirostronix

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Quote from: davinchi on December 19, 2019, 11:42:35 AM

Considering the inflation in the world is a serious trouble and countries like Venezuela or even some other bigger countries (even Russia had it for a while) face the reality of inflation we can't have "enough" bitcoin. Sure you can make up a number that would equal to you being super wealthy but if you tell numbers that are barely enough for your life for now, the calculations will be screwed when a big inflation hits your nation as well. What 100 bucks can do in any nation 20 years ago is not the same as today.

So, when you make these calculations you have to consider inflation and how high it could get as well. I don't know if bitcoin will still be a big thing when I retire or when I am old in 40 years but I know in usd pegged terms around 80 bitcoins is enough for me to never work again, that is calculated with inflation and if things don't go bad in my country then I will have some extra as well which I can give away to charity when I die.

At current price 80 btc is like 560 000$ if you live in a "cheap country" I can agree it is enough but in countries like France it is impossible.
For example in Paris a regular house (22 square meter) is around 900$/month so 51 years maximum just for the bill ... if you had the rest ...

food for a student is around 300$/month
public transports : 35$/month
electricity + gas etc let's say : 170$/month ..

So in a month you spend like : 1405$...

so 33 years with 80 bitcoin MAXIMUM without working and having fun ... Embarrassed

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