How many bitcoin is enough? - page 15.

supercanada1

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Quote from: onrise on December 14, 2019, 11:20:57 AM

Quote from: Divinespark on December 13, 2019, 10:32:53 AM

Depending on the standard of living of each person. Different countries have different living standards, so I think everyone will set a different goal. I set a goal for myself to try to get 30 BTC before age 30, and my economic condition is not so good to implement it so smoothly so I'm still working hard to get it.

People as per expectation may want to have as many as possible and with current rate at 7.3k if it rises to 20k + it will be more helpful for people as their value will rise automatically of whatever the no of btc they may have it .

Bitcoin is a virtual investment and we all know the real worth of it. It though takes time but ultimately you make gigantic amount of profits during pumps. The number of bitcoin that you have is never enough because there are only 21 million bitcoin in total and everyone in the world is competing for them. Moreover the more bitcoin you have the more chances you have of becoming rich during pumps.

ChronoLite

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i have no exact number as long as the amount of bitcoin i have can fulfill my interest and economy for the rest of life then i feel bitcoin i have is enough. maybe you will call me greedy but you need money to survive this life and most of us using bitcoin for that purpose, so why not.

Kelvinid

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Quote from: onrise on December 14, 2019, 11:20:57 AM

Quote from: Divinespark on December 13, 2019, 10:32:53 AM

Depending on the standard of living of each person. Different countries have different living standards, so I think everyone will set a different goal. I set a goal for myself to try to get 30 BTC before age 30, and my economic condition is not so good to implement it so smoothly so I'm still working hard to get it.

People as per expectation may want to have as many as possible and with current rate at 7.3k if it rises to 20k + it will be more helpful for people as their value will rise automatically of whatever the no of btc they may have it .

I believe it was so-called greediness. That is the reality in today's life', everyone needs money in order to survive and that is a reason why people asking more and more. Satisfaction is really hard to reach and I believe everyone is looking for a better life, not just to acquire a small amount but rather to have a lot more.

onrise

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Quote from: Divinespark on December 13, 2019, 10:32:53 AM

Depending on the standard of living of each person. Different countries have different living standards, so I think everyone will set a different goal. I set a goal for myself to try to get 30 BTC before age 30, and my economic condition is not so good to implement it so smoothly so I'm still working hard to get it.

People as per expectation may want to have as many as possible and with current rate at 7.3k if it rises to 20k + it will be more helpful for people as their value will rise automatically of whatever the no of btc they may have it .

GideonGono

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Quote from: Divinespark on December 13, 2019, 10:32:53 AM

Depending on the standard of living of each person. Different countries have different living standards, so I think everyone will set a different goal. I set a goal for myself to try to get 30 BTC before age 30, and my economic condition is not so good to implement it so smoothly so I'm still working hard to get it.

There has no value that are enough for us, the important is we can buy food for our daily lives. The value of bitcoin was volatile so the number of bitcoin are we can't manage or cannot evaluate for us to live. So the most important for all was the passive income that we can brought using our bitcoin.

Divinespark

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Depending on the standard of living of each person. Different countries have different living standards, so I think everyone will set a different goal. I set a goal for myself to try to get 30 BTC before age 30, and my economic condition is not so good to implement it so smoothly so I'm still working hard to get it.

jostorres

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Everyone of us lives in a different country and the amount I can afford to buy is not what you can afford to buy. You may be living in a country where they pay 10k of your currency which might worth around 100k where I live, whereas I'm being paid 10k. That means you're richer than me, so I cannot afford to buy the amount of bitcoins you can buy.

So, basically it's different for everyone, but the rule is always that you should always buy what you can afford to risk and not what others tells you to buy. The person telling you to buy 100 BTC might be someone that is very rich and can afford to risk that amount, but you might be someone that doesn't even have money that is up to that, your savings when converted to BTC might just be 2 BTC, so how you do you plan on buying 100 BTC when you don't even have that much? So you should cut your coat according to our size.

Tramirostronix

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Quote from: aardvark15 on December 12, 2019, 10:43:02 AM

Quote from: Meowth05 on December 12, 2019, 09:25:01 AM

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.

Actually, I don't have any goal how much Bitcoin I would like to acquire but for the sake of the question, I would like to attain worth of 1 Bitcoin. Ever since I started to enter this industry way back 2016 I guess, I never earned 1 Bitcoin, maybe I already have if Bitcoin's value is like way back it before however, it keeps rising and that is why I never had it. But I will never be contented to what I have now, I will keep earning and earning even if I accumulate more than 1 bitcoin because of as the time passing by all expenses are getting expensive.

One Bitcoin is a reasonable goal. Even that is very expensive right now but it’s probably worth it considering that we are still in the relatively early days of Bitcoin so there is still a lot of upside in price.

Yes I also think 1 btc is a good first goal and after you can think about more, or about buying some alts maybe ? (It depends of your vision of cryptocurrencies )

Jocuserious

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I have no limit because it depends on our ability access i think i buy bitcoin in the lower price and my profits target something when i got some profits then i sold all. Actually i also believe bitcoin good one profitable currency if you take long time investment then you can got more profits easyl.

bobitza

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Depending on the economy of each person, they will keep different Bitcoin for themselves. Whoever has more capital can store more Bitcoin to make a profit. I only need to hold about 5 Bitcoin in my hand. I will have money to cover my life!

killerfrost

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I don't set a limit, I always try to accumulate as much as possible because I believe in this market, I believe in BTC in the future it will change my life. I have a main job every day and use that savings to buy BTC, hopefully in the next 2 years I can accumulate at least 15 BTC

Vishnu.Reang

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Although 21 is a very good amount, I don't think that a lot many people can afford to invest that much, given the current exchange rates. 1 BTC is suggested by some people and I guess it is more like an achievable target. At current exchange rate, that amounts to around $7,200 and even those users from developing nations should be able to save that much in 2-3 years time.

Palider

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I don't have a target set on how much my accumulated bitcoin should be, And I think that just holding 1 bitcoin for a bit over the years will be enough to make a big profit in the future,
And this is what I am trying to accomplish now and after that I will use the rest of my income for my wants for myself and my family.

aardvark15

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Quote from: Meowth05 on December 12, 2019, 09:25:01 AM

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.

Actually, I don't have any goal how much Bitcoin I would like to acquire but for the sake of the question, I would like to attain worth of 1 Bitcoin. Ever since I started to enter this industry way back 2016 I guess, I never earned 1 Bitcoin, maybe I already have if Bitcoin's value is like way back it before however, it keeps rising and that is why I never had it. But I will never be contented to what I have now, I will keep earning and earning even if I accumulate more than 1 bitcoin because of as the time passing by all expenses are getting expensive.

One Bitcoin is a reasonable goal. Even that is very expensive right now but it’s probably worth it considering that we are still in the relatively early days of Bitcoin so there is still a lot of upside in price.

BChydro

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Quote from: Aikidoka on December 11, 2019, 12:30:51 PM

I've heard about that before, like if people are able to own 21 bitcoins it's gonna be so good because they'll be on 1 of that million bitcoin. I didn't hear about the amount were increased to 6.25 bitcoin, but that's probably due to the halving that will be in the half of the next year 2020.

These calculation you were talking about were from well before the second rally in bitcoin most probably during 2015 and it all depends upon how much the value of bitcoin will rise, people still think that the price of bitcoin will cross a million dollars and hence the valuation of 21 bitcoin to settle your life was predicted and if you think that 6.25 bitcoin is required then you must consider that the expected valuation will be much much higher which is a joke at this point of time Grin

.

el kaka22

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I doubt the new generation feels the same about the "unlimited money". Definitely, there are still people who would like to have 100 billion dollars if possible however I feel like the new generation is growing up watching the world and watching everything happening around them and they are more aware of the things going around so they do not feel the need to have a luxurious life while there are so much suffering going around.

There are still that type of people even in the new generation but I am saying the % of people in the new generation that is fine with having a decent life (a steady job, a decent house, one car, slight savings) instead of having the life of the billionaires (a company worth billions, a villa so big it is almost a town, 100's of cars, billions in bank) because they do see what that type of living causes and how it means if one guy is so rich then many needs to be poor.

Meowth05

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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.

Actually, I don't have any goal how much Bitcoin I would like to acquire but for the sake of the question, I would like to attain worth of 1 Bitcoin. Ever since I started to enter this industry way back 2016 I guess, I never earned 1 Bitcoin, maybe I already have if Bitcoin's value is like way back it before however, it keeps rising and that is why I never had it. But I will never be contented to what I have now, I will keep earning and earning even if I accumulate more than 1 bitcoin because of as the time passing by all expenses are getting expensive.

CodyAlfaridzi

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Quote from: cutesgirl on December 12, 2019, 02:17:53 AM

How many bitcoin do you have with price still lower not worth for investing maybe, we found almost on December bitcoin keep down and never get raise with higher price, will continue at the new year bitcoin with lower price or not wait and see. I think stop awhile with investing in bitcoin or altcoin and take our business for get much profit like gold investment and try for investing with property.

Opposing your view, I think this low price is a great opportunity for investing even more. You should buy when the price is "cheap", buy regularly during a bear trend, you'll get a nice dollar-averaged cost. Then enjoy the profit when the price is going up. That's what I would do right now.

Tramirostronix

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What is the point of setting an amount ? If you think btc will go to 1 million, than 0.5 or 1btc is enough ? After if you want to have one billion ... You will need more.
Money is not the final goal for me so I will say 3 btc because I like the number 3 Cheesy

SummerBliss

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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.

I don't think there is any absolute amount on this. Everyone has their own metric of being rich. For a person who has never seen $1000 together will feel too rich after having $10000 in his bank account but a person who is born in a family whose annual income is $100,000 might feel that achieving $1M is being rich. This is a very relative question. For me personally I think 20-25 BTC are enough for anyone. But I am pretty much sure that once I achieve this target I would be hungry for earning more and more BTC so there is nothing like Enough Bitcoins.

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