How many bitcoin is enough? - page 13.

wxa7115

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Quote from: aamirsuh on December 16, 2019, 02:28:11 PM

Now let me make an account for myself. I think 100 bitcoins are enough for me in the next 50 years. If I have to think of my family, we can handle 150 bitcoins for 100 years. Because I think the bitcoin price will increase. How much bitcoin do I have today? : d 0.04!

Your aspirations needs to be closer to reality, the only way for you to obtain 100 bitcoins when you have so little is for the price of bitcoin to crash to one dollar and I have my doubts that you are going to want to buy bitcoin at that point in time, be realistic about what you can achieve and about the price of bitcoin that you want to see during the next decades, creating realistic goals is the only way that we have to eventually reach our objectives.

I do not really have that much bitcoin either but unlike you which wants 3750 times more bitcoin than what you have today I only need about three or four times what I'm holding if the price of bitcoin skyrockets during the next decade.

Barbut

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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.

Aikidoka

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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

davinchi

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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.

bobitza

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How much bitcoin is enough for you? And if I have as much Bitcoin as possible. But the truth is I don't have enough capital to hold a lot of Bitcoin. Once you have a lot of Bitcoin in your hand, you will either become rich or suddenly lose money. So need to know the right time. When to sell, when to buy, when to stock. In this field, to be successful, you must be brave, resilient and financially strong.

JC btc

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Quote from: Williams_Leo on December 19, 2019, 08:37:00 AM

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.

Agree, talking about money and assets, more precisely, what is valuable in our lives, it is never enough for us because as you said, our contentment does not exist when this life is filled with so many interesting things, from games, food to material needs, we are not afraid that everything is too much, we are only afraid that we do not have enough money to enjoy. And here, traders and investors in bitcoin, they understand how each bitcoin is worth and everyone's desires are always greater as long as they can keep earning

Exactly, we should have it as much as possible and as much as we could, if we do have the opportunity and have the financial to accumulate then why not take this chance, let's always remember in taking risk, there's no assurance, but once it will boom again, it will be a life changing to everyone of us, so for me better to take risk now.

Kevondo

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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.

The thing is that bitcoin keeps increasing and so are the needs of life. So I stand with you in this regard that your needs could never ever be filled and so is your demand for bitcoin. As many as bitcoin you have, the more you have chances to bring future. In the future, bitcoin will be the criteria to measure the wealth of people and that time is not that away. We shall simply grab as many bitcoin as we can.

Williams_Leo

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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.

Agree, talking about money and assets, more precisely, what is valuable in our lives, it is never enough for us because as you said, our contentment does not exist when this life is filled with so many interesting things, from games, food to material needs, we are not afraid that everything is too much, we are only afraid that we do not have enough money to enjoy. And here, traders and investors in bitcoin, they understand how each bitcoin is worth and everyone's desires are always greater as long as they can keep earning

Tramirostronix

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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 ?

shield132

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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?

luckyflop

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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

shoreno

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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 .

sulendra12

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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.

coinfinger

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If you're buying Bitcoin just take it that it is a money you're not going to get back and if you're lucky and the price should increase, then that's dope. It all depends on your goal, but the problem is that goals changes; you achieve your first goal and then another goal comes up.

So, you should just be buying and putting in an amount that you wouldn't worry about if the price should crash. You're no longer a newbie, so maybe you should start with 1 BTC (0.01 for a newbie) and you can Hodl it till the price increases. Next year, after the halving we can't really tell where the price will be heading to, but I believe there is a higher chance for the price to go up next year.

Tramirostronix

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Quote from: Karmakid on December 17, 2019, 06:30:02 PM

Quote from: johnwest on December 17, 2019, 11:59:56 AM

In my early days, I used to think that Bitcoin will reach more than 50k$ and I was sure that it will reach there soon so 1 Bitcoin was enough to have. I worked and got my payments in Bitcoin and started accumulating but over the time I had to sell my BTC for my spending. Still I feel 1 Bitcoin should be held and rest can be used for spending.

Even if bitcoin reached $50,000, 1 bitcoin is still not enough even though you are living in a third world country because you should consider your monthly spending and the type of lifestyle that you want. Increase that goal of 1 bitcoin and try to do trading so you can have a faster progress to reach more bitcoins.

If you have a good salary and go to a poor country when you are old, 50k will be enough Cheesy

+ In some countries 50k is enough to invest in many houses so you can try to earn more

Maslate

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Quote from: Karmakid on December 17, 2019, 06:30:02 PM

Quote from: johnwest on December 17, 2019, 11:59:56 AM

In my early days, I used to think that Bitcoin will reach more than 50k$ and I was sure that it will reach there soon so 1 Bitcoin was enough to have. I worked and got my payments in Bitcoin and started accumulating but over the time I had to sell my BTC for my spending. Still I feel 1 Bitcoin should be held and rest can be used for spending.

Even if bitcoin reached $50,000, 1 bitcoin is still not enough even though you are living in a third world country because you should consider your monthly spending and the type of lifestyle that you want. Increase that goal of 1 bitcoin and try to do trading so you can have a faster progress to reach more bitcoins.

1 bitcoin will never be enough. I am not setting an amount because as much as i can, i want to earn bitcoins for my own retirement in the future. I know it would make my future bright and eventually would cater to all i need knowing my body cannot respond already to all heavy works. Having a lot of bitcoin would really paid off all of my hardworks.

Karmakid

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Quote from: johnwest on December 17, 2019, 11:59:56 AM

In my early days, I used to think that Bitcoin will reach more than 50k$ and I was sure that it will reach there soon so 1 Bitcoin was enough to have. I worked and got my payments in Bitcoin and started accumulating but over the time I had to sell my BTC for my spending. Still I feel 1 Bitcoin should be held and rest can be used for spending.

Even if bitcoin reached $50,000, 1 bitcoin is still not enough even though you are living in a third world country because you should consider your monthly spending and the type of lifestyle that you want. Increase that goal of 1 bitcoin and try to do trading so you can have a faster progress to reach more bitcoins.

Tramirostronix

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Quote from: johnwest on December 17, 2019, 11:59:56 AM

In my early days, I used to think that Bitcoin will reach more than 50k$ and I was sure that it will reach there soon so 1 Bitcoin was enough to have. I worked and got my payments in Bitcoin and started accumulating but over the time I had to sell my BTC for my spending. Still I feel 1 Bitcoin should be held and rest can be used for spending.

Ans you still think it will it 50k$ or you are more/less confident now ?
I think 50k is a good number if everything goes well and I agree 1 Bitcoin to hold is a good amount

johnwest

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In my early days, I used to think that Bitcoin will reach more than 50k$ and I was sure that it will reach there soon so 1 Bitcoin was enough to have. I worked and got my payments in Bitcoin and started accumulating but over the time I had to sell my BTC for my spending. Still I feel 1 Bitcoin should be held and rest can be used for spending.

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Quote from: meliodas on December 17, 2019, 05:35:34 AM

Quote from: henrybek3 on December 16, 2019, 05:50:15 PM

Our economic situation affects our lives. I have 10 BTCs in the next 20 years. But there is a condition. Spend bitcoin after 20 years. You shouldn't be turning Bitcoins into dollars today. This way an investment can give reasonable results.

You should depend that decision base on the price movement of bitcoin in the market. If the price of bitcoin is continuously dumping then you should convert it into dollars so you will save yourself from losing money and just observe the market for the possible entry so you will have more bitcoins because you will be buying at a cheaper price.

but we must have the right analysis when to sell or the right time to buy. if we are wrong in analyzing it means we miss an opportunity and we are increasingly losing. Our intention to trade so that it generates a lot of bitcoin, and I think we should sort assets for the short term, medium term and long term, so that our financials are not chaotic

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