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Topic: How many bitcoin is enough? - page 6. (Read 4150 times)

legendary
Activity: 2688
Merit: 1192
December 18, 2020, 10:19:11 AM
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.
member
Activity: 1120
Merit: 68
December 18, 2020, 10:14:03 AM
I don't aim for any specific amount of bitcoin that I could say enough for me because I have many responsibilities in my life that I should still be striving for and have patience in investing in bitcoin in the long-term. It is also difficult for me to accumulate a million dollars amount of bitcoin; that is why there is no way for me to stop using and buying bitcoin as a cryptocurrency.
member
Activity: 2044
Merit: 16
December 18, 2020, 06:43:55 AM
It doesn't matter how many you can buy or stack bitcoin as long as you can afford it even little by little it's still a good sign and good investment in the future. Always accumulate what you can afford and by that greedy will not be the issue and you don't want to buy at high price, always not to ride the hype and stick with low key style of purchasing bitcoin at best price you can do.
sr. member
Activity: 1736
Merit: 306
December 18, 2020, 05:08:27 AM
it is very difficult to collect bitcoin and for that there is no target for me, but I will always try and keep doing my best for it. I don't want to be too greedy, I just want to live life as usual without any burdens
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
December 18, 2020, 04:39:25 AM
21 million should do it

I guess you're agreeing with the "21" in OP post. He's probably referring to 21bitcoins rather than the total supply of Bitcoin(which is 21million). That part could be confusing to some people.


In regards to the Op post, i think what matters more to me is a well decentralized and safe Bitcoin. That will make me put in alot of money in Bitcoin
hero member
Activity: 1974
Merit: 534
December 18, 2020, 03:37:19 AM
For me you don't need to set your goal point in bitcoin as long as there some ways to earn then you should keep on earning because in the future bitcoin can be useful not only in some financial problem but to solve everything in your life not all can afford bitcoin but if they work hard to get what they want there's no impossible to do so and keep that in mind and always try harder it is okay to fail than not trying to earn.
I already collected a lot of bitcoin since i started in 2013 and i am really thankful that i knew bitcoin it change my life a lot.

Yeah same for me, there is no real fixed cap on bitcoins where I would stop trying to earn some. Especially now with bitcoins at 23,000 USD I would keep trying to get some more. There is no real reason why we should stop with bitcoins in my opinion. The long term trend is upwards.
sr. member
Activity: 630
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
December 18, 2020, 03:17:21 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.

Looks like answering this one would be purely based on subjective cues since it would be up to you how much of a bitcoin would be enough to you. Since bitcoin had an everchanging factors we can't say for sure what it the standard ceiling for one person to target unless you set yourself set of target.
hero member
Activity: 1008
Merit: 540
December 18, 2020, 02:33:00 AM
For me you don't need to set your goal point in bitcoin as long as there some ways to earn then you should keep on earning because in the future bitcoin can be useful not only in some financial problem but to solve everything in your life not all can afford bitcoin but if they work hard to get what they want there's no impossible to do so and keep that in mind and always try harder it is okay to fail than not trying to earn.
I already collected a lot of bitcoin since i started in 2013 and i am really thankful that i knew bitcoin it change my life a lot.
hero member
Activity: 2954
Merit: 672
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December 18, 2020, 02:17:54 AM
People are always so greedy, me too, I don't know how much BTC is enough for myself. However, the specific goal will be simpler, I will retire when holding 21BTC, I will strive to limit my spending and increase buying each year.
That's too big, you are already living a luxurious life with that amount the moment you retire. $1 million per bitcoin is not impossible, if that would happen you'll be able to retire with $21 million, enough already to live a good life as long as you know how to manage your financials.
full member
Activity: 559
Merit: 100
December 18, 2020, 01:29:36 AM
People are always so greedy, me too, I don't know how much BTC is enough for myself. However, the specific goal will be simpler, I will retire when holding 21BTC, I will strive to limit my spending and increase buying each year.
newbie
Activity: 2
Merit: 0
December 18, 2020, 12:51:56 AM
21 million should do it
full member
Activity: 1190
Merit: 117
December 17, 2020, 06:59:24 PM
Having a target for how much Bitcoin we should have will only make us stressed and depressed. And living a stressful life isn't it
good choice to take. I don't care how much Bitcoin to collect, and if I fail to have 1 BTC I won't be disappointed either. The most
important thing is I have given my best, that's enough for me. Actually I have been collecting Bitcoin since 2015, but until now
I have always failed to have 1 BTC, maybe because I have so many needs to buy and there is always a sudden need. This is what
makes me always fail to get 1 BTC, but I will not give up and will try to get 1 BTC.
hero member
Activity: 1148
Merit: 555
December 17, 2020, 12:46:22 PM
I don't have a specific amount or target in mind, I just buy as much as I can when the market seems bearish.
hero member
Activity: 2618
Merit: 548
DGbet.fun - Crypto Sportsbook
October 09, 2020, 01:24:10 PM
Even a single Satoshi is much more valuable than the past days of bitcoin. In one way bitcoin is for the rich, and the rich can get more rich through it. The very beginning days were the opportunity for the low level people to benefit out of it. Right now altcoins were the better choice for the low level investors who can afford limited funds. For me a single bitcoin at present seems to be more helpful Cool
hero member
Activity: 1974
Merit: 534
October 09, 2020, 06:54:09 AM
I don't think you can say there is enough bitcoins. It just depends how much money you own in fiat currency. If you have  only 15,000 USD at your bank account then buying 1 bitcoin is enough. I would not recommend going into debt just to buy more bitcoins. But if you have a big stick portfolio of 500k-1 million USD, then it's better to start diversifiy more Fiat money into cryptos. I am targeting to have 40-50% of my money in bitcoins and other cryptos.
newbie
Activity: 1
Merit: 0
October 09, 2020, 03:19:04 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.

It seems to me that there is no correct answer to this question. Everyone should decide for himself how much BTCbitcoins he owns. By the way, here is an interesting article on this topic, maybe it will help someone https://icomaking.com/how-many-people-own-cryptocurrency
full member
Activity: 1708
Merit: 105
July 08, 2020, 11:49:04 AM
it's about "enough". by having 1 BTC but daily necessities are very expensive, then 1 BTC is still lacking. so in my opinion the target of 1 BTC is good, but try not only to collect BTC but to use it so that BTC in addition to increasing, can also bring in profit at any time.
if the basic amount of course for a number of 1 btc can not be said "enough" at this time, other than indeed when you hold it / get it when December 2017. obviously very different if the allocation of only 1 btc is said to be "enough" at a certain time.
clearly the influence of time also determines if the principle is "enough" amount of 1 btc, because the price of btc is always changing and the possibility of rising can continue to occur.
legendary
Activity: 2982
Merit: 1028
July 08, 2020, 11:48:40 AM
It depends how long ago you joined into cryptocurrencies world .
Timing is the thing around this investment venue, as value is volatile and movements is very unpredictable.

If you joined in December 2017 then you entered in a bad time .
That time the market experienced big bull those who enter the market to start investing still negative if they are keeping their assets until today.

I think if you own 1 bitcoin that would be sufficient for the next 10 years.
Keeping that as your good investment better outcome for the next 10 years indeed, seeing how big the future
will be for this investment currency.
hero member
Activity: 2814
Merit: 526
Undeads.com - P2E Runner Game
July 08, 2020, 11:31:51 AM
you must be specific on what kind of currency you are talkin about  . if its a local currency then they have a limitations
Limitation =/= Enough(How much money you can have to be called as "enough")

i dont think that money is the solution for a bad economy but there are other proper solution with that problem .
Just get in reality that money is also take a part of how bad the economy on certain countries. Although there are something more reasonable and more impactful than  money to determine how bad the economy is but the majority speaks that money is "almost" necessary in all cases.
full member
Activity: 338
Merit: 101
July 08, 2020, 10:20:42 AM
It depends how long ago you joined into cryptocurrencies world . If you joined in December 2017 then you entered in a bad time . I think if you own 1 bitcoin that would be sufficient for the next 10 years.
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