Topic: How many bitcoin is enough? - page 20. (Read 4108 times)
Money is power and while you do have a lot of it you have more power. As a matter of fact, you as a man without money may not have confidence to face the future. He wouldn't stand a chance in this competitive world, where there is always someone better than him. With 21 BTC, its good to survive but without the skills either that 21 BTC will just be lost after few months. With that I can say there is nothing you can say enough is enough you will need to earn more every day and save more BTC specially if you have wife and kids to provide.
Stacking sats I think the cool kids call it.
Huh. I never heard that phrase before, but I like it.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.
Ideally if you're accumulating bitcoin for the long term, you should only do it with funds that you're not going to need for other things. If you have to sell bitcoin in order to pay for things you need, you're probably putting too much money into it. There's no shame in going slow while building your bitcoin position.I never set a goal as far as how much bitcoin I want to have, because I have the type of personality where nothing is ever enough. Even if I had 21BTC it still wouldn't satisfy me--and I don't have anything close to that right now.
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?
21 is just because of a total BTC supply of 21 million, there is nothing special in that number, and 6.15 is probably 6.25 BTC which will be reward for one mined block after next halving, you mixed up some things.
I would like to have at least 10 BTC one day, and I would like to see the value of 1BTC at $100 000 which would mean I would have $1 million, but that does not mean that I would not be satisfied with 5 BTC.
It is not easy to buy or get in any other way 1 whole BTC, there are countries where wages are very small, and people barely survive. For them, even 0.10 BTC is a difficult task. Some others are more fortunate to live in richer countries, so it is much easier for them to reach that goal.
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
No one can tell, and it all depends to you. However, I don't think putting all your funds to the point that you become short in your needs is a good idea. It's much better to still split up your holdings to different investments. If you're always maxing out your available funds, and Bitcoin recieves a huge crash, then you could lose a lot of your investment and be forced to exit even when you're at a loss.
You can never have enough BTC. Just keep accumulating them while also trying to diversify your trading portfolio across various coins that you think would grow well in the future. The future of the economy and commerce is imo, held by the power of cryptocurrencies, so investing in them from now on doesn't really seem a bad thing. Plus, even if they aren't, a lot of profit could be obtained just from simply trading and holding them for some time. Look at how BTC started from 0.something $ to its $7.5k right now.
I think that I've seen at some point the numbers go down from 21BTC to 10BTC. I am not surprised that it's updated to 6.15BTC, although I've missed that.
However, as said, there's no certainty on how high can Bitcoin go. And the numbers may be simply based on how much each and everybody can acquire (and everybody want to be rich sometime). It's a simple wishful thinking, I don't think it has any ties to reality.
0.1BTC? Heh... no. Now the expectations about the halving are big. But if there won't be another bubble in the next ~2 years there's a good chance the "estimation" go again towards 21BTC...
However, as said, there's no certainty on how high can Bitcoin go. And the numbers may be simply based on how much each and everybody can acquire (and everybody want to be rich sometime). It's a simple wishful thinking, I don't think it has any ties to reality.
0.1BTC? Heh... no. Now the expectations about the halving are big. But if there won't be another bubble in the next ~2 years there's a good chance the "estimation" go again towards 21BTC...
i am doing 50-50 as well , what i earn , i invest 50% and save the later when a good project that has possible growth i spent upto 60% of my funds to achieve my goals on a specific project 
We can't calculate the real how much of 1 bitcoin can be in the near future. We might expect it to be these but turns out to be low in value. So as long as we can buy then better buy some if we really see BTC its possible importance and effect in the future. I suggest to still do diversification add some in BTC and buy other assets also to be safe no matter what happen in bitcoin.
Keep accumulating if you can. Only spend what you can. BTC is still undervalued so far and a lot still believe with it's potential, but it hasn't really reached the point where people need to own one. Currently, the system of fiat is still ongoing and even though economic problems are going off here and there like how the global debt has increased by so much, the fiat still goes on. You can take it as the world is letting BTC develop and grow slowly so that once it takes the stage, the world would be able to use it much more efficiently compared to Fiat.
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. 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 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 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.
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.
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