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Topic: How many bitcoin is enough? - page 9. (Read 4161 times)

sr. member
Activity: 532
Merit: 284
January 21, 2020, 02:08:07 PM
There is no fixed amount.

Exactly. It is natural for a human being to be not satisfied. I say any amount is never enough. We will still want more and more, now it may sound as if mankind is greedy (well it's true for the most part) but at the same time, it's hard to stop especially if it helps us in our daily lives.
sr. member
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January 21, 2020, 02:00:46 PM
If I would ask how many Bitcoin is enough for me, my answer is 1; with one Bitcoin I could earn and save a lot of money. I'll turn it into a real money but, I would still invest here in cryptoworld adding investments in the physical market like in Gold so I could keep my money secure. I would build business from it so I could still afford to buy my necessities and achieve a better life.
To me 1 bitcoin is not enough as an investment if you ask me because it seems small from my part to do all what you mentioned and if you're from the country which is not English speaking i.e (Australia/Oceania, Europe and North America) a bitcoin cant afford or execute something huge.
Every country has a different value of bitcoin, it will depend on their local currency compared to US dollars which bitcoin base on US dollars pair. A country like Venezuela bitcoin is very expensive. If you have 1 BTC there and sell it into that country probably you will have a million worth of their currency. 1 bitcoin for me is not enough to have a retirement from my job.
hero member
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January 21, 2020, 01:13:25 PM
If I would ask how many Bitcoin is enough for me, my answer is 1; with one Bitcoin I could earn and save a lot of money. I'll turn it into a real money but, I would still invest here in cryptoworld adding investments in the physical market like in Gold so I could keep my money secure. I would build business from it so I could still afford to buy my necessities and achieve a better life.
To me 1 bitcoin is not enough as an investment if you ask me because it seems small from my part to do all what you mentioned and if you're from the country which is not English speaking i.e (Australia/Oceania, Europe and North America) a bitcoin cant afford or execute something huge.
hero member
Activity: 1022
Merit: 521
January 21, 2020, 12:37:58 PM
Even just one Bitcoin if you hold it long enough should give you a big profit since this is still the early stages of Bitcoin development.  The key though is holding it for a few years to at least double your money.
Yeah holding any amount of bitcoin will benefit us no matter how much less amount will we hold one day it will bring a high profit to us but still we have to think that the more we will hold the more we will get the profit as if we hold one bitcoin now and after a year the price reach to $100000 then we will get a $92000 profit and if we will hold two bitcoins then in that one year we will get a double profit.
hero member
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January 21, 2020, 12:12:11 PM
There is no fixed amount. You have to consider according to your ability. I have a target to buy a certain amount of Bitcoin every month that I will hold for the future. (Let the amount be with me) 21 Bitcoin will not be easy for any small investor to buy. It seems to me that as much as he can afford to buy, he will buy that amount. The real thing depends on how long he will hold.

Like I buy that bitcoin every month with my extra money. I will sell these bitcoins until my target is met. I don't think that depends on the amount. I think that is what your future thoughts are, and what your goals are.
sr. member
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January 21, 2020, 11:33:55 AM
Even just one Bitcoin if you hold it long enough should give you a big profit since this is still the early stages of Bitcoin development.  The key though is holding it for a few years to at least double your money.
The estimates provided might imply bitcoin becoming a bonafide cryptocurrency which can be used as a replacement for fiat. If that so happens, we would need all the bitcoin we can have. Because as bitcoin becomes more and more adopted and as it reaches it's main goal to become a coin, not an asset, it's price is also expected to decrease, if that so happens then people would need to get as much coins as they can in order to ride the wave.
full member
Activity: 574
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January 21, 2020, 09:40:43 AM
If I would ask how many Bitcoin is enough for me, my answer is 1; with one Bitcoin I could earn and save a lot of money. I'll turn it into a real money but, I would still invest here in cryptoworld adding investments in the physical market like in Gold so I could keep my money secure. I would build business from it so I could still afford to buy my necessities and achieve a better life.
hero member
Activity: 1400
Merit: 571
January 15, 2020, 10:34:53 AM
Even just one Bitcoin if you hold it long enough should give you a big profit since this is still the early stages of Bitcoin development.  The key though is holding it for a few years to at least double your money.

I strongly oppose to this proposition.

This is just being safe, there is no guarantee however if you really are going to make profits by holding, because you will never know when you will be going to need the money you invest in bitcoin, what if you missed the ATH and suddenly there is an emergency happened in your household, of course you will be force to withdraw some amount of money to the bitcoin you are holding and that is automatically loss of profits.

I preferred looking different angles while holding, like for example is Trading, you could maximize your profits while waiting for the big bang in the market.
sr. member
Activity: 994
Merit: 260
January 15, 2020, 01:48:55 AM
I think that a person needs a monthly amount of bitcoins, the equivalent of which is equal to the amount of fiat money, which would be enough for a person to live comfortably and achieve his own goals. Somebody will have enough 0.1 bitcoin at the current exchange rate, and somebody and 1 bitcoin will not be enough. It all depends on the needs of the person. And it is good when needs coincide with opportunities, then you can be a really successful person.  
sr. member
Activity: 728
Merit: 250
January 14, 2020, 11:56:10 PM
Opinions change as we go up in price. It used to be that they were having elite clubs of people owning 100 bitcoins then 50 then 21 then 10 now it's 1 Cheesy

I can bet you that if we ever go to 50 thousand dollar bitcoin you're going to be in the elite if you even have 0.1 because kids and students won't even be able to afford it. You have 0.1 you're still big if you think that the minimum wage in some countries is $100 a month. Owning 1000 dollars in Bitcoin is already a big deal for half of the world.
Well, if the price of bitcoin stopped growing for long enough we could get some kind of agreement about how many coins do you need but it doesn't seem like that will happen so we have no other option but to keep speculating about it, also it really depends on what people really mean by having enough bitcoin, if we are talking about having enough bitcoin to live the rest of your life and assuming that at some point in the future bitcoin reaches a very high price I will probably only need 10 bitcoins.
hero member
Activity: 1204
Merit: 545
January 13, 2020, 06:23:17 PM
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 think that having 1 bitcoin is enough. You have to be patient in holding bitcoin because the price can go up anytime in the future. However, having more bitcoin is never a bad idea. Therefore, if you have a chance to buy more bitcoin, just spend your money on them. But never ever spend all of your money on bitcoin. It can be dump and you might lose most of your money.
sr. member
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January 13, 2020, 05:08:36 PM
Even just one Bitcoin if you hold it long enough should give you a big profit since this is still the early stages of Bitcoin development.  The key though is holding it for a few years to at least double your money.
member
Activity: 476
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Online Cryptocurrency Exchange
January 13, 2020, 09:34:02 AM
Just like any other asset, dollar cost averaging into Bitcoin, or any crypto currency for that matter is the safest way to go. Ride the highs, ride the lows, remove the stress.
Sell during the hype, buy during the panic - with a correct approach even without a lot of trading skills you can accumulate a lot of BTC. See the scenario:

Imagine you had eg. 10 BTC from 2011 and sold them close to the peak of 2017 (let's say $16000/each). After taxation (25%) you have $120000.
In late 2018 when all the people are speaking about the death of Bitcoin, you buy BTC with that remaining amount - for price $4000 (close to the bottom). You get 30 BTC.
You sold it in 2019 when the new hype started - you missed the peak, but still managed to sell it at $12000. You have $360000.
You then bought at $8000 late during the year what makes you an owner of 45 BTC...
legendary
Activity: 1473
Merit: 1086
January 13, 2020, 09:14:35 AM
I had a good start in 2018. The bitcoin price had remained constant for some time. I chose the right altcoin and made a good profit. It makes sense to make an investment as a bitcoin. However, for big gains, subcoin investment can also be made. I think 80 Bitcoin and 100 Ethereum are a good plan.

No sane normal person is able to get over 20 Bitcoin anymore. To reach 80 Bitcoin in a healthy wide-spreaded portfolio is impossible if you give crypto a maximum of 5%. However it is always a good idea to invest a small part of your wealth into a rising asset class like Bitcoin.

But I'm probably not the best one to talk about such a topic when I'm already fully invested in crypto ^^ Hodl and life.
legendary
Activity: 1540
Merit: 1029
January 13, 2020, 09:09:27 AM
Just like any other asset, dollar cost averaging into Bitcoin, or any crypto currency for that matter is the safest way to go. Ride the highs, ride the lows, remove the stress.
full member
Activity: 1442
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January 13, 2020, 08:43:36 AM
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.
In our society, we need to be wise in our decisions. We should think very carefully before we take our actions. We should keep our money instead of losing it and use it in such a very unimportant matters and things. Spend what you will need and what we should think migjt be helpful in our everyday living.
I think having 100 bitcoins is enough. You might ask why this number. Bitcoin has increased these prices in 10 years. I think that 10 years later, it could increase 10 times its price. In this case 100 bitcoin would be enough in my opinion.
Number does not matter anyway for me because as long as you earn money, you can still have a chance to have it but be careful on how you will spend and use it. Have a plenty of bitcoin is good but for me, atleast i have some for my everyday financial and everyday living, it is better for me.
full member
Activity: 616
Merit: 100
January 12, 2020, 02:43:01 PM
I think having 100 bitcoins is enough. You might ask why this number. Bitcoin has increased these prices in 10 years. I think that 10 years later, it could increase 10 times its price. In this case 100 bitcoin would be enough in my opinion.
member
Activity: 700
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January 12, 2020, 11:56:52 AM
...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.

Having a set goal of how much Bitcoin to own isn't really realistic, except it pushes you further to own more. If you want to only have 1 Bitcoin, I doubt you'd be able to stick to just that one. But imho, st least have 1 Bitcoin, so if the price someday hits any of the outrageous speculations, you'd be in good company. Besides, scarcity will help you make it to the rich list with at least 1 Bitcoin. Quite a cool ring to it.
As you said, we cannot put limit to the number of bitcoin one shall have because the more you have, the richer you are. The limit is basically put by other factors automatically such as your investment; your trading capabilities etc. because it is not always possible to purchase one bitcoin directly with cash. I am in agreement that the minimum one shall have should be 1 bitcoin so that he can enjoy profits at peak.
Very well said. Actually when it comes to investing any cryptocurrency there is no limit. You can invest as much as you want as long as you still have money for investment and also you still have your trust to a particular campaign or forum. I must suggest that you should start in a small amount first when you dont have any proof of earnings in order for you to avoid regrets when the campaign didnt become successful.
right, the number of bitcoin investments is infinite, but we must remember, not to borrow money in the bank to invest in bitcoin, because it has high fluctuations, so it is high risk as well, especially for beginners will certainly drain our psychology and panic sell when loss
hero member
Activity: 1890
Merit: 831
January 12, 2020, 10:46:50 AM
I do want to store like 1 Bitcoin but unfortunately it goes like earning and spending so it actually doesn't do much , since due to the university rules we aren't allowed to work so that prevents me from doing any part time job or so , therefore I think when I would be old enough to earn money it would be great and would like to save at least 1 Bitcoin .
I don't think I would invest more than that because you know , how it works it's super unpredictable , rest all goes to the bank.
sr. member
Activity: 868
Merit: 256
January 12, 2020, 10:29:20 AM
...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.

Having a set goal of how much Bitcoin to own isn't really realistic, except it pushes you further to own more. If you want to only have 1 Bitcoin, I doubt you'd be able to stick to just that one. But imho, st least have 1 Bitcoin, so if the price someday hits any of the outrageous speculations, you'd be in good company. Besides, scarcity will help you make it to the rich list with at least 1 Bitcoin. Quite a cool ring to it.
As you said, we cannot put limit to the number of bitcoin one shall have because the more you have, the richer you are. The limit is basically put by other factors automatically such as your investment; your trading capabilities etc. because it is not always possible to purchase one bitcoin directly with cash. I am in agreement that the minimum one shall have should be 1 bitcoin so that he can enjoy profits at peak.
Very well said. Actually when it comes to investing any cryptocurrency there is no limit. You can invest as much as you want as long as you still have money for investment and also you still have your trust to a particular campaign or forum. I must suggest that you should start in a small amount first when you dont have any proof of earnings in order for you to avoid regrets when the campaign didnt become successful.
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