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Topic: How many bitcoin is enough? - page 19. (Read 4150 times)

sr. member
Activity: 2100
Merit: 309
December 09, 2019, 10:46:07 PM
#33
It is always moving because the value of Bitcoin is also constantly changing. If you remember the days when you are setting your goal and the value of Bitcoin is still at around $5,000, then you could have thought that 20 BTC is enough. But when the value of Bitcoin is soaring high at $14,000 then your earlier figure will also be changing. That is what is going on here. If Bitcoin will reach $100,000 then perhaps your goal will also change, even reduced at a single BTC already.
Have 20 BTC is more enough for investing and trading with bitcoin or latcoin, for safety maybe investing with bitcoin is profitable because keep stable price with bitcoin and we always get profit every day because bitcoin price keep growing up, for altcoin can get much profit but have ready with big risk and we can't prediction how altcoin price suddenly become with lower price and we do not have good thing for investing with altcoin.
sr. member
Activity: 1400
Merit: 273
December 09, 2019, 09:19:54 PM
#32
It is always moving because the value of Bitcoin is also constantly changing. If you remember the days when you are setting your goal and the value of Bitcoin is still at around $5,000, then you could have thought that 20 BTC is enough. But when the value of Bitcoin is soaring high at $14,000 then your earlier figure will also be changing. That is what is going on here. If Bitcoin will reach $100,000 then perhaps your goal will also change, even reduced at a single BTC already.
sr. member
Activity: 1008
Merit: 355
December 09, 2019, 09:11:09 PM
#31
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 do not have a regular source of Bitcoin, so I am just taking whatever I can and hopefully I would have a good amount of coins I am holding in the coming months. Frankly speaking, it is not easy accumulating Bitcoin except of course just buying them from a good source using the fiat money. I actually just bought Bitcoin once and that was in 2016 the first year I got into cryptocurrency. Now, it would have been different if we can have a regular sources of Bitcoin, let's say a site like the Fiverr that has really good amount of buyers and sellers and not just another anemic platform with no critical amount of users. The problem I think is that more and more Bitcoin owners are into holding and not spending, and that is bad for business because as currency it should have been circulating everywhere.
hero member
Activity: 1246
Merit: 529
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December 09, 2019, 08:25:09 PM
#30
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.
It depends on your level of greed. actually, with 0.1 Bitcoin it is too low and it seems that everyone can achieve it. I know that many bitcoin-minded people will soon reach $ 1 million or $ 10 million in the future, so they just want to get 0.1 bitcoin. This is ridiculous, but I have yet to find any data showing that the value of bitcoin could rise to $ 1 million. all are just McAfee fomo news and financial "experts", it's nothing reliable.

Well that still doesn't answer the question as to how many should be enough. That's probably because you really can't have a definitive answer as the question is subjective. Some of us would just settle for .1 btc whether it goes up to 1million or not simply because we have other means to make money. Those that largely rely on btc would obviously say they'll need more.
full member
Activity: 407
Merit: 100
DIA | Data infrastructure for DeFi
December 09, 2019, 07:54:46 PM
#29
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.
It depends on your level of greed. actually, with 0.1 Bitcoin it is too low and it seems that everyone can achieve it. I know that many bitcoin-minded people will soon reach $ 1 million or $ 10 million in the future, so they just want to get 0.1 bitcoin. This is ridiculous, but I have yet to find any data showing that the value of bitcoin could rise to $ 1 million. all are just McAfee fomo news and financial "experts", it's nothing reliable.
hero member
Activity: 2716
Merit: 552
December 09, 2019, 07:38:25 PM
#28
Nothing is enough as humans are forever discontented. So, It dont really matter how much would Bitcoin cost in the next few years as long as we are able to maximize the probability to become very rich. There will be so specific range where one consider it as target, even those who have set theirs, may have also a doubts.

So, I guess you're doing fine with this.


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 case, I rarely touch my Bitcoin from my wallet to buy things I need or wants. Specially now where Bitcoin is struggling to get to a 5 digit figure.
legendary
Activity: 2170
Merit: 1427
December 09, 2019, 07:25:02 PM
#27
Everyone that have more then 0.21 BTC should consider to donate them to those that have less or even none.

Giving money to people that have less or no money at all doesn't sound like a good thing. You are better off educating people and explain the importance of Bitcoin to them in the best possible way. That's how you very likely will get people to do everything they can to accumulate as many satoshis as possible.

If you have been in Bitcoin for a couple of years and you regret not having bought more coins while you easily could afford to buy more, you just didn't take Bitcoin serious enough. I have a tremendous respect for OG's who have held through the multiple boom and bust cycles without losing focus on the actual goal and potential of Bitcoin.

People who regret not having bought more should be happy that the price is going down, because that allows them to acquire more satoshis for the same amount of fiat. How can that possibly be a bad thing?
legendary
Activity: 3122
Merit: 1398
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December 09, 2019, 06:52:39 PM
#26
...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.

Everyone has their own speculation and prediction about "bitcoin's future" so the numbers and figures are a product of their own analyzation.

Up to you on making on your own or opt to follow them.

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.

We are living in different standards so buying BTC1 is obviously difficult for others to do. Even purchasing BTC0.1 is quite expensive for others. I don't understand why such concern should be raised.

To make this short, generally, if you really believed that bitcoin has a future, whether via your own instinct or have a valid basis, you should just accumulate BTC whatever you can.
sr. member
Activity: 700
Merit: 254
December 09, 2019, 06:28:38 PM
#25
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.
There is no certain amount of bitcoin that you can hold if you gonna be accumulated bitcoin maybe buy some bitcoin so that you can reach your want amount of bitcoin. If you don't have enough money to buy a whole bitcoin then you can buy a sats until you accumulate 1 bitcoin. As for me 1-2 bitcoin is enough for me to hold in a long term.
legendary
Activity: 1106
Merit: 1000
December 09, 2019, 04:25:25 PM
#24
There are no limits when you talk about profit, everyone wants more Bitcoin. I personally put my bitcoin into a trusted investment and trade daily for extra profit. I set 5-10% of my daily trading profit, also 3% per month for my investment.
I don't aim for a certain amount, as long as my bitcoin growth increases it's more than enough.
hero member
Activity: 3080
Merit: 603
December 09, 2019, 03:38:28 PM
#23
As you have said, you keep on accumulating as much as you can and that's all you have to do. No matter how many bitcoins others telling you to have in the future, it depends on how you'll get hustle for it. 0.1BTC or 1BTC depends on how much you can. The amount is already decent while we're on the current price but it's not that bad to aim more but if you can't accumulate that much, at least you have tried for it. But if you will analyze the cost of living in your country and your lifestyle, you'll see how much you really want.
legendary
Activity: 2730
Merit: 1288
December 09, 2019, 03:29:40 PM
#22
How many bitcoin is enough?

0.21 BTC will be way more then you ever need. Only 100 million people can have that much.  Not to mention things like this https://bitcointalksearch.org/topic/coinbase-holds-a-whopping-966230-bitcoin-7b-in-cold-wallet-5206249  They hold a million by them self. Satoshi holds another million. Cheap old bastard!  Everyone that have more then 0.21 BTC should consider to donate them to those that have less or even none.
legendary
Activity: 1904
Merit: 1074
December 09, 2019, 02:29:07 PM
#21
I bet you if you ask a Millionaire .."How much money does he or she has to have before it is enough..?" ...the answer will always be... "It's never

enough, because you always want  more. So, the best strategy would be to keep on buying or earning bitcoins whilst it is still cheap. Once Bitcoin

goes mainstream and the price goes to the Moon, you would never regret the money that you used to buy more or the time you used to earn more.

When the Bitcoin price hit $18 000 in 2017, I wished I had much more... but I never in my wildest dreams thought that it would go from $300 (where

I bought) to $18 000+  Shocked
legendary
Activity: 3752
Merit: 1415
December 09, 2019, 01:46:14 PM
#20
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
legendary
Activity: 2912
Merit: 1068
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December 09, 2019, 01:44:25 PM
#19
I didn't set a target for bitcoin that I should accumulate every year. Because it just gives me pressure, right now what I earn I am saving the half and the rest I will convert to fiat currency to spend on my daily needs.



I have a similar plan. It's hard to set some final amount of Bitcoins ecause of volatility. That is why I'm trying to save certain amount but without precise sum and the rest I'm spending. That way Bitcoin helps my finances but I also strongly beleive that Bitcoin isn't made only for savings and to be forhotten in some wallet but to be actively used in everyday life.
full member
Activity: 504
Merit: 100
Option Blitz
December 09, 2019, 01:25:27 PM
#18
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?

0.1 bitcoin is really too little. I know that everyone is responding to the halving event but 0.1 will not do any miracle. for me, you must have at least 100 bitcoins to be one of the most influential people in the crypto community. Meanwhile, you will be able to control the market and you have a lot of choices. When you have money, you will have a very relaxed mentality and you will create better opportunities than if you only hold a few bitcoins.
hero member
Activity: 2968
Merit: 687
December 09, 2019, 11:52:55 AM
#17
Theres no such thing about enough on how many bitcoin you should collect on.People do collect as much as they can and 1 btc is enough is just a presumption
that btc would end up on 1m price per coin which had been talked back in the past for how many times but its just a point of view but on real talk theres no limit
on how much bitcoin you can able to accumulate.
legendary
Activity: 2702
Merit: 4002
December 09, 2019, 11:37:54 AM
#16
The basic idea is that you have a certain number of currencies, this number is known and cannot be increased.
As for 21 million coins, it does not matter how many? If we leave it to people, they will not agree on a specific number, and perhaps the Fibonacci sequence is the one that contributed to the choice.
If you don't like the 21, you can make a hard fork and add as many currencies as you want.  Undecided
hero member
Activity: 1008
Merit: 510
December 09, 2019, 10:58:12 AM
#15
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 know where 6.15 comes from. I suggest a goal of 1 Bitcoin.  Right now that is attainable and should be worth a lot of money within 5 years.  

I had heard the 21 Bitcoin number a few years ago but that is now out of reach for most people.  Just try for 1.
sr. member
Activity: 1918
Merit: 370
December 09, 2019, 10:24:49 AM
#14
It might depend on the price of profit taking for bitcoin. 5 million dollar is enough to spend through retirement and anyone retiring earlier will think of adding more. if bitcoin hit $250k, 20 bitcoin would have been good retirement plan for the next bullrun. Average monthly spending in the USA is $6500 (maybe lesser if house is already acquired), so with 5 million, the retirement plan will take care of 65 years of your life. I didn't consider tax any way
Yeah basically it depends on the price if the price gets higher maybe around $20000 then it's quite fair to say that 21 is enough but if it gets high then the number of bitcoin could also depends. I don't have any dream of acquiring those huge amount of bitcoin, a decent and fair square number of bitcoin for me is enough. I don't need to be rich or what, I just need to live my life to the fullest using bitcoin as driver. I do not aim that much coz unexpected things are better.  Cheesy
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