How many bitcoin is enough? - page 18.

Cherylstar86

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Quote from: airdnasxela on December 10, 2019, 11:09:44 AM

Don't just set limits on earning Bitcoin. Do the best you can, work hard to earn more. I know we're expecting in to reach all-time high price but while we're waiting for that, let's earn more Bitcoin. Since we're still not sure how Bitcoin price will do, don't just be contented with a certain amount of Bitcoin. As long as your capable of earning more.
Personally, I don't set certain amount... I hold what I can hold.

Earning bitcoin is not east as what think by many in which it needs an investment and a lot of time in order to earn. Bitcoin is a dominant crypto currency that no one coin could easy defeat its top. My suggestion in order to earn as much as you can just invest some of it as your capital, nobody knows someday you can earn much more.

airdnasxela

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Don't just set limits on earning Bitcoin. Do the best you can, work hard to earn more. I know we're expecting in to reach all-time high price but while we're waiting for that, let's earn more Bitcoin. Since we're still not sure how Bitcoin price will do, don't just be contented with a certain amount of Bitcoin. As long as your capable of earning more.
Personally, I don't set certain amount... I hold what I can hold.

Fappanu

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

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.

We're all the same, I don't think about how much I should be able to accumulate bitcoin, Because I need money in my daily need for my family and my wages in my work are not enough so I also need extra income that comes to bitcoin.

agentx44

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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.

The amount of bitcoin surprisingly increased a lot through the years. Way back, we are aiming for atleast 10 bitcoin to gain lots of money but now, just 0.1 bitcoin would be a big one and everyone would die to get it. In my case, I am still aiming to get 10 bitcoins in the future so that I can secure it more. It may seem impossible but I believe that through hardwork and perseverance, someday I would make my dream come true. I will keep on investing on bitcoin and believe on its capability until the end of time.

Ridwan Fauzi

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I just regreted when I don't realize that bitcoin will have a high value and I just muff some bitcoins that I got before. And now I'm still doing that, selling bitcoin to money fiat just for to fulfil some needs in my daily life. But hupefully I can get another source income in my reality so as I can collect bitcoin as much as I can. Regarding the target, honestly I'm greedy person to it, I'll feel deficiency to something that I want. But seems like the first goal I should get just 1BTC in one year a head.

Karmakid

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It really depends on each person. We all have different type of level of success and satisfaction in terms of having bitcoin. You should ask yourself if what type of success do you wanted to see. Once you visualize the success that you want then that is when you are going to measure it with the number of bitcoin and you will work your way up until you reach that goal.

BitTraderCute

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

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

we could not mention certain time for bitcoin price. its still unpredictable when bitcoin will hit new all time high, meanwhile market sentiment and psychology still in bad condition. we still need long time and spread good news to all people so they will have positive mind about bitcoin future and crypto market. maybe after halving we will see this.

kapalmabur

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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

Lucius

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Quote from: southafricadude on December 10, 2019, 04:13:02 AM

People think I am mad, but I think bitcoin will get to $1million for 1 Bitcoin in 10 years.
I think having a million USD would set me up for life, so maybe that is enough, but it depends on your situation and where you live, and the cost of living.
I live in South Africa, so $1mil goes a long way here. I can only dream it will reach that high, and in the meantime, I will keep 'stacking sats' lol

In 10 years everything is possible, so it is possible that 1 BTC will be worth so much. While I personally don't think the odds are too great for this to happen, all we need is a price increase of some 100+ times. It looks like a lot, but that's how things looked for people 10 years ago, just a few believe that Bitcoin would ever be worth at least $1000.

I agree that $1 million is big money today for most people, and many would settle for 10 times less. But the possibility should also be taken into consideration that the price will not constantly rise. I think no one should invest everything they have in Bitcoin, it is a big risk with a possible big profit in the long run. It is good if you can wait for 10 years, most people just want a quick profit.

Hallmader

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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.

Aying

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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.

matchi2011

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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.

beej

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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.

southafricadude

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Quote from: Lucius on December 09, 2019, 10:27:19 AM

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.

Can I ask you a counter-question? What do you think the possible price of 1 BTC will be in the future, 5-10 years from now and how much money you consider a sufficient amount?

People think I am mad, but I think bitcoin will get to $1million for 1 Bitcoin in 10 years.
I think having a million USD would set me up for life, so maybe that is enough, but it depends on your situation and where you live, and the cost of living.
I live in South Africa, so $1mil goes a long way here. I can only dream it will reach that high, and in the meantime, I will keep 'stacking sats' lol

KnightElite

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I do not have specific target on how much bitcoin that I should store in my wallet. My focus and my goal is to increase the bitcoin that I have and it is why I keep trading it. Becoming a short term trader is not easy because I allocate most of time in studying and also monitoring the prices of the coins that I keep trading for me to stay updated everytime.

barabarian1

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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.

Yatsan

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

Just like what you said, you will never stop same with me, and I think same with every person here in the forum. Don't limit your success by getting more bitcoin, don't set a limit, think that nothing will be enough! I know it sounds not right, but that's the reality, as long as you want something and you are not achieving anything you want, nothing will be enough. Let's just keep grinding and earn more bitcoin.

Quote from: Murat on December 10, 2019, 12:24:14 AM

Really it depends on your demand, I know the demand has come from your requirement, so it totally depends on how you see your life in this platform, It's a relative issue, Sometimes one Bitcoin is enough for maintaining the life but when you say about the luxury then you need more, the more you have the more you want, this is the reality of the human nature, so you can't get satisfied within an amount, but I think Two or Three Bitcoin is more than enough for availing a standard of living in this days, but you are too greedy for money then the figure would be changed.

After hitting that amount of bitcoin, I am sure that, the holder will want some more, just like you said, Human nature will always want what's the best. I think that's all good as long as you are not doing anything wrong.

AniviaBtc

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Quote from: wheelz1200 on December 09, 2019, 02:46:14 PM

How much money is enough? Same thing. There shouldnt be a number you work towards only a number that increases over time. You should look at it more in terms of how much more bitcoin is a good amount for this year. Smaller sample sizes makes for easier targets and goals. Good luck

But do you think that too much money is bad for you. It is okay to apply smart manage to your account but increasing your money without proper manage can destroy yourself. Average and few money is okay, and easy to handle.

But it is also good to become conscious about the bitcoin you have, but always checking it can lead to anxiousness that can destroy mental health.

maydna

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

Do you guys have a certain amount you are aiming for?

I want to get as much bitcoin as I can, but I think we want to earn more and more bitcoin in many ways. Perhaps, some people can say that 10 bitcoin will be enough but trust me, the human will never satisfy, and they still want to earn more and more and if they still have a chance, they will trying to do that thing.

I guess that while the market is not increasing too high, we can try to save more bitcoin from trading because that will give us a chance to make a profit in bitcoin, especially if we can choose the altcoin as the way to make a profit.

Murat

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Really it depends on your demand, I know the demand has come from your requirement, so it totally depends on how you see your life in this platform, It's a relative issue, Sometimes one Bitcoin is enough for maintaining the life but when you say about the luxury then you need more, the more you have the more you want, this is the reality of the human nature, so you can't get satisfied within an amount, but I think Two or Three Bitcoin is more than enough for availing a standard of living in this days, but you are too greedy for money then the figure would be changed.

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