How many bitcoin is enough? - page 17.

Colt81

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Quote from: southafricadude on December 09, 2019, 09:49:21 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.

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.

meliodas

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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.

alisonwonder

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Quote from: TheUltraElite on December 11, 2019, 06:29:39 AM

Quote from: alisonwonder on December 11, 2019, 05:46:55 AM

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.

You should aim to earn. Not collect.

Earning is one thing which is having a moral value behind it. Collecting on the other hand point to more ruthless scavenging of an article. The terms may be used interchangeably but there is a slight difference. All of us should focus on buying bitcoin during the sideways market for the upcoming bullrun. Keep it in stock for selling later on but dont waste it on gambling or altcoins.

its same, in essence we get bitcoin for the long term before bitcoin price rises higher. if everyone is hard to buy the best way to earn like through a bounty. but if the price is lower, as much as possible force to sell valuables or whatever it is to buy bitcoin. because for now that it to earn is quite difficult when bitcoin situation as current.

Vaculin

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Winding down.

I would be so happy with 100 btc but I know can't make it now or even in the next 5 years, with that said, I would be more realistic by just aiming to save 10 btc, half is for short term and the half is for long term while waiting for BTC to become mainstream.

Dart18

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You should never stop to accumulate more.
That way you could have the upper hand at some time in the future.

6, 21 or whatever number is never the end of it.
There are 21 million. Better go with hundreds or maybe thousands of it.
Chances of it being in more usage might be near. Merchants might also come in anytime so better be prepared right?

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: alisonwonder on December 11, 2019, 05:46:55 AM

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.

You should aim to earn. Not collect.

Earning is one thing which is having a moral value behind it. Collecting on the other hand point to more ruthless scavenging of an article. The terms may be used interchangeably but there is a slight difference. All of us should focus on buying bitcoin during the sideways market for the upcoming bullrun. Keep it in stock for selling later on but dont waste it on gambling or altcoins.

Janation

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Quote from: alisonwonder on December 11, 2019, 05:46:55 AM

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.

Yeah, I agree.

Bitcoin's been giving us a good profit for a long time now and I don't think 0.5 will be enough. As they say, no riches will ever satisfy a greedy person. I am not saying that we are all greedy here, I am saying that as an investor, our instinct doesn't stick with a lower profit, we aim or goal for a bigger or larger profit, maybe 6-7 Bitcoins, maybe 100 if I am good enough.

alisonwonder

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Quote from: barabarian1 on December 11, 2019, 04:58:24 AM

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.

Shasha80

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There are no official rules that require us to collect a certain amount of bitcoin. But it has a bitcoin target we must have it will make
us motivated to work harder in collecting bitcoin. And that is the thing positive in my opinion. Imagine if we don't have a target in
collecting bitcoin or making profit then we will relax in undergoing it. So try to conclude which one will achieve the success of people
who have the target or people do what they are. If I'm the type of hardworking person who really wants to succeed in everything, so
I'm used to having it targets in undergoing anything. Including having a target every year must have a minimum profit of 1 BTC.

barabarian1

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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.

Hallmader

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Quote from: kapalmabur on December 10, 2019, 08:25:43 AM

Quote from: Hallmader on December 10, 2019, 05:55:45 AM

Quote from: Aying on December 10, 2019, 05:20:24 AM

Quote from: matchi2011 on December 10, 2019, 04:31:09 AM

Quote from: barabarian1 on December 10, 2019, 02:53:40 AM

yes i also like you op. I don't have a target of how much bitcoin I should have. but I will always try to keep increasing my bitcoin amount. if we set a target bitcoin that we must have it will make me stressed and depressed and not enjoying my life. it's better like this to keep collecting bitcoin and selling it when bitcoin goes up. and I didn't hold bitcoin too long. I will sell my bitcoin when the value has increased 30% of my purchase price.

It will take sometime since the behavior of bitcoin is not that bullish 30% may take a while, though you have your target and once it was achieved then you can let go and aim for another. There's no exact answer with OP's question it's all about how investors understand and willingly to buy portions of this assets and store it according to whatever plans they have from this investment.

That's true, real investors are not aiming to have more bitcoins and hodl it. real ones are wanted to gain and have more profit and do what they wanted it to be useful, they know that they aiming for btc is a big loss because they know that the price are not stable and that's what I think also that aiming to have more btc this day may out of control to your funds and cause a big trouble and you will end up losing money.

Real investors do not just risk their Bitcoin if they are not sure of what they are doing. Real investors always eye on the prize. They will buy and sell with a profit. They will HODL if necessary. That is the best thing to do. Others would say they do not just HODL because they cannot grow their Bitcoin in that way. Well, trade your Bitcoin if you think you are good in it. If you think you are not, trading will only make your Bitcoin grow smaller rather than bigger. The goal is to have more Bitcoin as possible, no fix numbers.

the problem is we don't know when bitcoin will become a new ATH, breaking through resistance is already difficult when bitcoin went up to $ 12000 then,
and now prices tend to go down, maybe the wise way is to trade and collect as much bitcoin as possible

That is pretty much what I am saying in my post. The post above me is saying that real investors do not aim to increase their Bitcoin only to HODL it. Nope, I don't agree. Investors know when to trade and when to HODL. Investors HODL while trying to invest more if they do not know how to trade them. Some others trade them while trying to increase their holdings because they know how to make profit out of trading. If you do not know how to trade, then you would prefer to keep your Bitcoin safe and HODL them instead.

MI6

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I only do earning from bounty, and then sell if really needed and save the rest. Always like that, if price increased after i sell, yes regret might be come but nothing that i can do. And then if bull run come, i wait for good price to sell and at least i think if i get from bounty rewards, i am not lose my own money at all. So, i think it will be ok for me.

fullhdpixel

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Personally I do have a limit, I am one of those people who think too much wealth is too much and nobody should have that much money, for example there should not be any billionaires in the world, 500 million dollars is enough for everyone in the world as a maximum so if we just give people who have over 500 million dollars, cash liquid 500 million dollars (and not assets like stocks and real estate valuation etc etc) and spend all the rest on helping out the poor, we wouldn't have any poor people in the whole world.

I personally feel like 4 million dollars is more than enough for me, I say 4 million dollars because I want to put some leeway in there, otherwise 1 million dollars is more than enough for me but the extra is "just in case" money, after 4th million, I don't need any money at all. I think everyone in the world who doesn't have 4 million dollars would agree with me.

AicecreaME

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Quote from: beej on December 10, 2019, 04:24:35 AM

Opinions matter when it comes to how many is enough with bitcoins, others
meanwhile would lucratively prefer as much as they can acquire. Having
indulged in the belief or fact that bitcoins will bring in a much better price
and with that a great big deal of an investment. Having 1 is enough for me
for the time being seeing how it's (Bitcoin) prices are still somewhat of a struggle.
But I'm still being optimistic about it, just as everyone else here. Happy Holidays everyone.

I have the same opinion when I was just starting here in this forum, 1 bitcoin is enough, then when I started earning through signature campaign and see how amazing it is to earn bitcoin no matter how much it is, then I changed my mind, I want to earn as much as possible, why limit yourself in something that could make your future bright and secure than fiat, 1 bitcoin is not enough since we are spending money everyday to sustain ourselves in order to live.

I know that it is depressing seeing how market prices are going down even more after 2017, but we just have to believe in what we started, soon enough, it will be all worth it.

hahay

legendary

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21 million is a big amount if indeed, the popularity of bitcoin does not increase. But in reality the popularity of bitcoin continues to increase over time until they race to collect and get bitcoin because of limited supply. That way, then 21 is a small amount if everyone in the world realizes how valuable it is to have 1BTC, those who have good knowledge and skills to produce bitcoin at least 1BTC are something that is easy to achieve, so it's no surprise when someone becomes a millionaire in this circle.

error08

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There is no definitive answer as people may have different goals about how much bitcoin to have in 2019 or we should change the target to collect in 2020.
Basically, BTC1 is my main goal, although it's not so easy to collect it, I've ever had it and many people did as well. However, due to many reasons, bitcoin and other forms of payments/money have to circulate, so we spend it and became less than BTC1.
For a beginner in the crypto sphere, aim for BTC0.1 is a good target, then BTC0.5 and finally BTC1, even if it takes 1 or 2 years for you to accumulate it, just set the goal and stick with it, you'll be there.

Ayiranorea

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Quote from: seoincorporation on December 10, 2019, 09:20:30 PM

I would say 21 is a big number, i mean only 1 million users could have that amount, and now days we see more people than that involved in cryptos. Maybe 1 bitcoin is a good amount to hold in the long term, no one know what the value will be in 50 or 100 years, but for sure will be a crazy amount of money.

In a thread discussion came to know about the people owning at least a small portion of bitcoin in USA. From a survey it is found that 9% of the population own bitcoin which is around 33millions. This way when we calculate the people owning bitcoin it'll go big in number. According to this 21 is a big number as stated, but one who holds such a big number can feel himself to be a multimillionaire after years.

seoincorporation

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I would say 21 is a big number, i mean only 1 million users could have that amount, and now days we see more people than that involved in cryptos. Maybe 1 bitcoin is a good amount to hold in the long term, no one know what the value will be in 50 or 100 years, but for sure will be a crazy amount of money.

exstasie

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Quote from: southafricadude on December 09, 2019, 09:49:21 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.

The original goal was to join the "Vladimir Club." The membership requirement was 2,100 BTC. This trend of lowering the bar will only continue as adoption increases. It's inevitable considering Bitcoin's scarcity.

Anyone who can squirrel away 1 BTC is a member of a small, elite group. With BTC prices near $10K, very few people can afford it. Even middle class Americans are now mostly priced out.

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

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?

At $2/BTC, it was easy. At $7K/BTC, it's very hard. How about at $100K? Cheesy

Landak

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do and collect as much as you can, because if you target too high which is only an imagination it will be difficult to obtain. having 1 bitcoin is clearly "enough" than not having it at all. those who talk about having a lot of bitcoin might have had lots of bitcoin from the start so it's easy to say that, for those who start from the bottom only want or can get 1 or 0.1 bitcoin alone is more than enough, if you are smart enough with that much capital later in the future ahead, can still be used for other planning for example for trading or investment.
personally, can have 1 bitcoin or 1 eth or whatever, for me that is enough, I don't limit anything ...

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