Topic: How many bitcoin is enough? - page 5. (Read 4130 times)
having 1 bitcoin in my wallet is like a dream to me, but i will keep fighting to make that dream come true. when I have managed to have 1 bitcoin I will save it well and I will use it for my old age. shall I stop there? certainly not. I will continue to try to collect bitcoins to buy some necessities of life.
Rather than asking how many BTC you want, it will be better to ask how much wealthy you want to be in the future. I don't want to reveal the exact amount of BTC I own. In 2017, when I purchased BTC for the first time I got 2.4 BTC in my wallet. After that, I received some from signature campaigns and freelancing, but spend a lot more by converting to fiat or gift card. Now my total holding is less than the original amount I had in 2017. But I am happy with whatever I got. Because my financial condition has already improved a lot due to BTC.
No one can say how much bitcoin is enough each trader holds bitcoin according to his own ability. If you have bitcoin you should not spend too much because if the price goes up you will get enough profit we have made some changes in our cash investment policy to maintain future stability and increase profits. As the demand for investment has increased so has the price of bitcoin each person should hold at least 1 BTC. This 1 BTC will help increase its future wealth.
Why don't you ask the richest man in the word (Jeff Bezos) how much wealth he need? Is he satisfied with his current wealth? The answer will be no. That is the basic human nature. People are not happy with whatever wealth he got. It is the same for someone who has a wealth of $200 billion and someone who has $20 in his pocket. So if you answer someone how many Bitcoin is enough, there will be no clear answer. If you ask someone with BTC0.001, he will tell you that he need at least BTC1. If you ask someone who has BTC1, then the answer will be BTC1,000. It will go on like that.
Currently, I only invest to make a long-term profit and when the price goes up, I sell some to spend on things like electricity and water for the family's living expenses. but I always believed that in the future BTC would have a pretty high value and I was determined to keep a certain amount of BTC and never sell that portion of BTC.
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.
My current target of Bitcoins is 1 BTC, but at the prices at the moment this is going to take a while. If I ever manage to get up to 10 BTC than I would be fully happy and say that I have enough. Greed is not good, so I will settle for the middle, 5 BTC. After saving so much in Bitcoins I would only be buying alt coins afterwards. This goal could of course move once the bitcoin price moves again. If 1 BTC would be worth 500,000 USD then owning 5 BTC is too much.
If the prices are consistently going up, I think that 10 BTC is enough but if we are talking about the safest but at the same time an enjoyable life, I think around 100 or 150 BTC is enough because you can cover the money that you have to use for traveling and other stuff plus it will probably be enough to start a family without the worry of where to look for money for daily expenses. 
for me there is no specific target to be achieved in collecting bitcoins. all i do is just work and keep working to get bitcoin from bounty and airdrop. 0.1 bitcoin may seem impossible to someone like me, but no one knows the future fate of a project. the coins you get from airdrops or bounties can be very expensive in the future, even you can have 1 bitcoin from it.
how much bitcoin we collect see how much funds we have, because we know the price will continue to change and the value will be higher we know it's 100k/xxx it will definitely get to that point, therefore we always collect at 1 or 21 bitcoin
Realistically, if someone told me a few months ago that Bitcoin will reach $100k, I wouldn't have believed him but now that it has crossed even the $40k barrier, it does feel like Bitcoin will be hitting $100k sooner or later or even more! The simple answer is, how much you want, because to be honest, it's a very subjective question. Will you be happy with 1 Bitcoin or a 100k$ in future (which is 0.1 million dollars) or more?! Ask yourself. The approach to save as much as you can is the best way to go through though 
No bitcoin can be enough or reach to humans satisfaction, because looking at it in another form bitcoin is money and money is bitcoin and know one can be satisfy of money irrespective the amount of finance that comes to his way monthly, using presidents as a case study, many of them has money that can sustain their life or serve their generation for twelve good years but still them wants to go back again, while?, because money is infinity want or need from humans, so relating it to cryptocurrency especially bitcoin, it's obvious that everyone wants to keep on having bitcoin till infinity because no one knows what the price might get up to in future.
Here in India, according to various analysts if you have around $150,000 in savings, then you can think about retirement. But if you are residing in a developed nation with high cost of living, then this amount will be enough for only a few years. But you need to be cautious here. Bank deposits rates are going down everywhere, and tax rates on capital gains/dividends are going up.
There'll be variation depending on the location one resides. In India people are supposed to meet each and every need, even for education people need to pay. Only the students who are in the top profile get scholarship. With many countries education and medical needs were met by the government. This means their living expenses are the only thing that need to be met. So, if they're in the village or outer part of the city there is more chance of less living expense than India. 
Here in India, according to various analysts if you have around $150,000 in savings, then you can think about retirement. But if you are residing in a developed nation with high cost of living, then this amount will be enough for only a few years. But you need to be cautious here. Bank deposits rates are going down everywhere, and tax rates on capital gains/dividends are going up.
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.
Keep amassing on the off chance that you'll be able. As it were spend what you'll be able. BTC is still underestimated so distant and a part still accepts with its potential, but it hasn't truly come to the point where individuals have to be. Claim one. As of now, the framework of fiat is still continuous and indeed in spite of the fact that financial issues are going off here and there like how the worldwide obligation has expanded by so much, the fiat still in the market.
LOL... the answer is very simple. Even 21 million is not enough. It is a part of human nature, and we are never satisfied with whatever we have. Take the case of the richest people in the world, such as Jeff Bezos, Elon Musk and Bill Gates. All these people have wealth in excess of $100 billion. But still they haven't retired from their profession. Despite all the wealth, they continue to make money. When this is the case with the richest people in the world, you can imagine the situation of ordinary people like you and me.
I am actually working so hard to accumulate even just 1BTC or 2BTC in a year or two. However, I didn't set a limit with all my capabilities, the possibilities and opportunities that I may find as I go along the way. Definitely, 1 or 2BTC will be enough for me...I will be more than happy with that but still there are lots of possible things to happen depending on the situation itself and our knowledge. We cant refuse the great luck if we could get a big Cake despite of only wishing for a candy.
This question is a bit like saying "how long is a piece of string"? It's a redundant question and for people who are always trying to accumulate wealth, the answer will always be "more". It is highly dependent on each persons personal circumstances and financial strategy. Some people might be happy with 1 bitcoin if they live in a low income country it could set them up very nicely with the recent price spike - but they would have to cash it out in order to actually use it for anything useful. 1 bitcoin equivalent in fiat currency might be what they spend on an extravagant night out for a millionaire, it's all about perspectives.
I think it is about the amount of bitcoins in supply and not about how many bitcoins are enough to have, because if the question is about enough bitcoins to have then of course it will depend on the individual. Regardless, if the supply of bitcoins had an unlimited supply it might not be as high as it is now, but with this limited supply the price will continue to increase because it will become increasingly scarce. If it's like this it feels like 21 million might not be enough but yes, this won't happen if the supply is always available.
This question is a bit like saying "how long is a piece of string"? It's a redundant question and for people who are always trying to accumulate wealth, the answer will always be "more". It is highly dependent on each persons personal circumstances and financial strategy. Some people might be happy with 1 bitcoin if they live in a low income country it could set them up very nicely with the recent price spike - but they would have to cash it out in order to actually use it for anything useful. 1 bitcoin equivalent in fiat currency might be what they spend on an extravagant night out for a millionaire, it's all about perspectives.
I think it is about the amount of bitcoins in supply and not about how many bitcoins are enough to have, because if the question is about enough bitcoins to have then of course it will depend on the individual. Regardless, if the supply of bitcoins had an unlimited supply it might not be as high as it is now, but with this limited supply the price will continue to increase because it will become increasingly scarce. If it's like this it feels like 21 million might not be enough but yes, this won't happen if the supply is always available. 21 million should do it
It will be impossible for any country to hold 21 million talkless of you, you must be whale of whales 
On a serious note, I know I can't hold upto a bitcoin, I tried my best to accumulate the Satoshi I could accumulate and sell whenever I'm in profits.
Those who prefer to hold for long term are the one enjoying this bull run.
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