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Topic: How many bitcoin is enough? - page 16. (Read 4161 times)

hero member
Activity: 1638
Merit: 518
December 12, 2019, 06:11:29 AM
#93
i've got a dozens of bitcoin throughout my life , sadly i've sell it every time i need extra money for daily life.
its since a long time ago.
and about your question, of course there is no limit for enough.
even for nowdays, when got 0.1 is totally hard, I still don't have a target of how much I should get for 1 year.
sr. member
Activity: 742
Merit: 397
December 12, 2019, 05:43:14 AM
#92
we know that human desire is unlimited when he already has 1 btc he will try to get bitcoin again. so in my opinion there is no limit on how much bitcoin we should have. everyone will always try to increase the amount of bitcoin. I am targeting myself to be able to increase the amount of bitcoin by 0.5 btc before bitcoin is reduced by half in 2020.

why only 0.5? I think we should aim to collect bitcoin as much as possible before the price of bitcoin will be very expensive. if you can't get it for free, maybe if you have money or savings it's better to buy it when the price is low. I also do that if it's true that the price of bitcoin drops lower.

I want to increase my bitcoin before bitcoin is reduced by half in May next year. and 0.5 btc is the target that I want to achieve. previously I also thought not to give the target I would always try to increase the amount of my bitcoin. but I changed my mind with the target I will be more eager to work on completing bounty project tasks and get more bitcoin. and for me 0.5 btc is a pretty big value. I don't have the money to add bitcoin. I only rely on the bounty project to get bitcoin.
That is a misconception. Bitcoin will not be reduced by half next year because only the mining reward will be in half. Setting goals should be realistic, achievable and can be measured by time so you can easily calculate if you are making progress towards your goal and if you are earning enough to reach your goal in a specific period of time.
sr. member
Activity: 938
Merit: 250
December 12, 2019, 04:57:54 AM
#91
we know that human desire is unlimited when he already has 1 btc he will try to get bitcoin again. so in my opinion there is no limit on how much bitcoin we should have. everyone will always try to increase the amount of bitcoin. I am targeting myself to be able to increase the amount of bitcoin by 0.5 btc before bitcoin is reduced by half in 2020.

why only 0.5? I think we should aim to collect bitcoin as much as possible before the price of bitcoin will be very expensive. if you can't get it for free, maybe if you have money or savings it's better to buy it when the price is low. I also do that if it's true that the price of bitcoin drops lower.

I want to increase my bitcoin before bitcoin is reduced by half in May next year. and 0.5 btc is the target that I want to achieve. previously I also thought not to give the target I would always try to increase the amount of my bitcoin. but I changed my mind with the target I will be more eager to work on completing bounty project tasks and get more bitcoin. and for me 0.5 btc is a pretty big value. I don't have the money to add bitcoin. I only rely on the bounty project to get bitcoin.
hero member
Activity: 1132
Merit: 536
December 12, 2019, 03:29:10 AM
#90
well I have no target cuz I earn them through sells, deals, and trading and use them according to my needs, also I have saved some amount for a long run cuz, in the long run, any bitcoin amount can give nice decent amount of USD. Wink
sr. member
Activity: 1400
Merit: 269
December 12, 2019, 03:18:14 AM
#89
Trying to obtain 0.1 is impossible for me, how much more 1 bitcoin i guess you can get that amount if you have a good paying job or just extremely rich, you can buy how much you like but for the poor like us it is just a fleeing dream. You are right all we can do is stack what we can and buy what we can through bounties but if you use bitcoin as a source of income and financial needs it also gets hard to stack.
sr. member
Activity: 756
Merit: 250
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December 12, 2019, 02:53:29 AM
#88
of course I will continue to try to be able to increase the amount of my bitcoin. by continuing to participate in prize projects where payments are using bitcoin. and I think there's really no limit to how much bitcoin we should have. because everyone has different finances and abilities to collect bitcoin. I myself am targeting this year to add as much as 0.3 btc bitcoin
others think 0.3 btc is probably a small value but in my opinion it is quite large and I am collecting bitcoin by joining the bounty project.
sr. member
Activity: 938
Merit: 251
December 12, 2019, 02:17:53 AM
#87
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.
At the moment, I have the same plan as you. Just accumulating as much as I could because I think Bitcoin is still heavily undervalued and while I still could spend a big portion of my money to buy Bitcoin. The thing is, I don't have any final goal with this Bitcoin. I'm not hodling it hoping the price would skyrocket so I can buy a house, for example. I don't know what to do with it later, I just think that accumulating now is the right thing to do financially.
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.
sr. member
Activity: 2044
Merit: 314
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December 11, 2019, 06:53:59 PM
#86
I’m a small guy here and I can’t even afford to have my 1 bitcoin so technically this is my dream and I’m working for this one despite of so many challenges. Some people was able to own a lot of bitcoin because it was cheap that time and right now its quiet expensive but I got more inspired every time i heard about the success stories here, hoping to happen that to me someday.
member
Activity: 546
Merit: 10
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December 11, 2019, 05:26:16 PM
#85
Of course things like this are actually very dynamic, given that everyone's perceptions differ on their needs and views on the price of bitcoin later.
Referring to the current prices, I think it can be said that for me 15 BTC is enough. It is enough to make a backup if at any time something unexpected happens to cryptocurrency
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
December 11, 2019, 01:30:10 PM
#84
I'll give you a good advice: get as much as you can. For every person enough will be a different number. Calculate it like this:

Let's say Bitcoin goes to 100k USD which is a great price. Not something crazy high like 1 million and very much achievable in the next 5 years.
Is 1 Bitcoin going to be a lot to you? If you were to get 100k now would it change your life?

For someone in the US it's going to be a nice gift. Enough to pay all debts, send a child to college, buy a car but it's not going to make them rich. For average people 5 bitcoins should be enough to change their lives. Start a business, buy a house anywhere they want, move to another country and start a life there, travel around the world.
That's the thing, when it comes to your wealth you should always look for ways to increase it, there has never been such a thing as too much money, the most important thing is to find the minimum amount of bitcoin that you think you're going to need in the future and then do everything that you can in order to get to that goal.

Once you achieve that number there is nothing wrong with accumulating even more of it because that means that the price that you will need for each bitcoin to have to change your life will become even lower and you will get whatever you want even sooner.
sr. member
Activity: 1050
Merit: 286
December 11, 2019, 01:16:37 PM
#83
I'll give you a good advice: get as much as you can. For every person enough will be a different number. Calculate it like this:

Let's say Bitcoin goes to 100k USD which is a great price. Not something crazy high like 1 million and very much achievable in the next 5 years.
Is 1 Bitcoin going to be a lot to you? If you were to get 100k now would it change your life?

For someone in the US it's going to be a nice gift. Enough to pay all debts, send a child to college, buy a car but it's not going to make them rich. For average people 5 bitcoins should be enough to change their lives. Start a business, buy a house anywhere they want, move to another country and start a life there, travel around the world.
Even if you are holding the biggest amount of bitcoin, you should not have to quit earning because stopping makes you poor even if you have a lot of bitcoin because we cannot know when does it goes down when you are spending it. I recommend to continue your journey here on forum and create more money even if you are the richest man holding bitcoin or any other cryptocurrency. I can say that we should not stop in our journey and continue what we have started here. long term or short term trading it must be effective.
sr. member
Activity: 1078
Merit: 342
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December 11, 2019, 12:30:51 PM
#82
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.
full member
Activity: 840
Merit: 105
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December 11, 2019, 12:29:13 PM
#81
If you already know where the benefits of having Bitcoin, you will continue to try to get it every time. I also do not provide benchmarks or limits when I will feel enough to have Bitcoin. But If you are a businessman then have enough Bitcoin for your business capital then that is a reasonable limit.

Today it was too hard to mine bitcoin in different country with a low electricity they are really not affected too much, but unlike to the other country it is, also the price of the bitcoin goes down and not profitable than the previous months, many traders today are holding their coins and hoping the price of the currency goes up again, there is a lot of prediction that the bitcoin will go up back after the end of January and this is the bulls runs out.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
December 11, 2019, 11:17:15 AM
#80
I'll give you a good advice: get as much as you can. For every person enough will be a different number. Calculate it like this:

Let's say Bitcoin goes to 100k USD which is a great price. Not something crazy high like 1 million and very much achievable in the next 5 years.
Is 1 Bitcoin going to be a lot to you? If you were to get 100k now would it change your life?

For someone in the US it's going to be a nice gift. Enough to pay all debts, send a child to college, buy a car but it's not going to make them rich. For average people 5 bitcoins should be enough to change their lives. Start a business, buy a house anywhere they want, move to another country and start a life there, travel around the world.
sr. member
Activity: 1246
Merit: 254
Trphy.io
December 11, 2019, 10:23:06 AM
#79
If you already know where the benefits of having Bitcoin, you will continue to try to get it every time. I also do not provide benchmarks or limits when I will feel enough to have Bitcoin. But If you are a businessman then have enough Bitcoin for your business capital then that is a reasonable limit.
sr. member
Activity: 896
Merit: 268
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December 11, 2019, 10:14:19 AM
#78
I don't settle with the amount I can have for me to say it is enough. Because it will later on be spending to somewhere else, so, what I want to settle with is a passive income in which if I can afford to build up a small business with the crypto I saved from working on then, I would be definitely more satisfied than just settling with the amount I saved with crypto.
legendary
Activity: 1638
Merit: 1033
December 11, 2019, 09:44:28 AM
#77
we know that human desire is unlimited when he already has 1 btc he will try to get bitcoin again. so in my opinion there is no limit on how much bitcoin we should have. everyone will always try to increase the amount of bitcoin. I am targeting myself to be able to increase the amount of bitcoin by 0.5 btc before bitcoin is reduced by half in 2020.

why only 0.5? I think we should aim to collect bitcoin as much as possible before the price of bitcoin will be very expensive. if you can't get it for free, maybe if you have money or savings it's better to buy it when the price is low. I also do that if it's true that the price of bitcoin drops lower.

In my opinion it is the initial target, when we have a goal then we must determine the initial target that we must achieve, including me when collecting bitcoin. I will look for as many Bitcoins as possible but I collect them in stages with certain targets, it will make it easier for us to pursue them than not having a clear target.
sr. member
Activity: 812
Merit: 262
December 11, 2019, 08:53:19 AM
#76
In my own opinion, every crypto users always aim to have a huge amount of bitcoin, but it still doesn't satisfy them because every people always experienced greed in terms of money, that is why they always wanted to have a huge amount of bitcoin for them to cure their satisfaction and to buy everything that they wanted and needed.

so there is no specific answer to this question because people are greedy  .

once they have some bitcoin they will try to double it and if its doubled they will try to double it again  . the process will only loop  . unfortunately not all people are risk takers to double their btc but they will just pretend that its enough for them  . i also forgot that the price of btc do also changed   . so when btc price go down  , the need for btc will also rise more evenly    .
Indeed. There isn't a word that will say enough for everybody because even a person already achieved all the things that they ever wanted, they will still find another goal that will satisfy them again, that is why if a person already become rich in bitcoin he/she still wanted to become more rich from what he/she has today.
full member
Activity: 1638
Merit: 122
December 11, 2019, 08:20:16 AM
#75
In my own opinion, every crypto users always aim to have a huge amount of bitcoin, but it still doesn't satisfy them because every people always experienced greed in terms of money, that is why they always wanted to have a huge amount of bitcoin for them to cure their satisfaction and to buy everything that they wanted and needed.

so there is no specific answer to this question because people are greedy  .

once they have some bitcoin they will try to double it and if its doubled they will try to double it again  . the process will only loop  . unfortunately not all people are risk takers to double their btc but they will just pretend that its enough for them  . i also forgot that the price of btc do also changed   . so when btc price go down  , the need for btc will also rise more evenly    .
legendary
Activity: 1862
Merit: 1046
December 11, 2019, 08:17:30 AM
#74
Based on my opinion, 100 bitcoins is enough. You can do a lot of things with 100 bitcoins, you can build a passive source of income through cryptocurrency and other business ventures with that 100. Getting to that number of bitcoins might be impossible but it is really possible if you have determination to push your limits to reach that 100 bitcoins.

that's more than enough, even having 1 bitcoin isn't so bad, if the price of bitcoin goes to $100,000. having 100 bitcoin is like a dream is very difficult but of course, for most traders, it's easy, because they have a lot of capital to grow it. but how for now can get that much if not from trading or gambling, mining can also but certainly requires a very big of capital. so in my opinion, at least have 1 bitcoin for the future is good enough.
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