How Many BTC Do You Guys Class As A Lot? - page 2.

piramida

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Borsche

Quote from: adpinbr on November 04, 2014, 08:35:42 AM

Quote from: piramida on November 03, 2014, 12:30:35 PM

Quote from: LFC_Bitcoin on November 03, 2014, 09:40:30 AM

Question in the thread title?

Anything above 50% of your total wealth is a lot. Of course, there is no single answer since to some $10 is a huge amount and others snort through €500 bills...

but yeah, 21B at that point in time is a good goal for newcomers, while 210 or "Vladimir club" 2100 are mostly out of reach for common folk.

Also, to people who said that "only people who got in early can have that" - no, it's not enough - only people who can hold their shit together through extended periods of depressed prices, i.e. those who actually believe in fundamental value. So while it can be easy to get 2.1 or 21 right now, the hard part is to hold them for several years, not cashing all out at what you consider "tops" and not panic-dumping at what you consider "bottoms".

WHy would you panic dump if you consider it a bottom? I do agree tops are hard to call tho..

Heh got me there

You are right of course, panic selling only happens at what one considers a local top, too

But the point holds: the hardest part is to make sure your BTC total does not go down with time, but up.

zoukenn

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Up to 25.000 bitcoin I class every bitcoin owner like a future billionaire. Down it, its only a good amount, not a big amount.

o_o

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100 Bitcoin is a good quantity (around 35.000$), and I consider a great quantity up to 10.000 bitcoin. 100.000 Bitcoin is a quantity for the richest holders of bitcoin Grin

smalltimer

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the lower the price the higher this number.

Torque

legendary

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Just remember this: If 21M people suddenly all wanted 1 BTC each, they could not have it. If 13M people suddenly all wanted 1 BTC each, they could not have it.

There are 7.1B people in the world. The number of people that will actually be able to acquire a whole BTC is staggeringly miniscule.

So get them now while you still can, hold them for years, and you'll be the new 1% -ers of the future.

Dalmar

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Life is short, practice empathy in your life

Depends on the $ value of BTC. IMO, about $10K to $25K in BTC is a lot for the average person in developed/western countries. If they have more than that, they are probably overinvested in bitcoin and not diversified.

adpinbr

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★Bitvest.io★ Play Plinko or Invest!

Quote from: piramida on November 03, 2014, 12:30:35 PM

Quote from: LFC_Bitcoin on November 03, 2014, 09:40:30 AM

Question in the thread title?

Anything above 50% of your total wealth is a lot. Of course, there is no single answer since to some $10 is a huge amount and others snort through €500 bills...

but yeah, 21B at that point in time is a good goal for newcomers, while 210 or "Vladimir club" 2100 are mostly out of reach for common folk.

Also, to people who said that "only people who got in early can have that" - no, it's not enough - only people who can hold their shit together through extended periods of depressed prices, i.e. those who actually believe in fundamental value. So while it can be easy to get 2.1 or 21 right now, the hard part is to hold them for several years, not cashing all out at what you consider "tops" and not panic-dumping at what you consider "bottoms".

WHy would you panic dump if you consider it a bottom? I do agree tops are hard to call tho..

oda.krell

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Merit: 1007

Quote from: piramida on November 03, 2014, 12:30:35 PM

Quote from: LFC_Bitcoin on November 03, 2014, 09:40:30 AM

Question in the thread title?

Anything above 50% of your total wealth is a lot. Of course, there is no single answer since to some $10 is a huge amount and others snort through €500 bills...

but yeah, 21B at that point in time is a good goal for newcomers, while 210 or "Vladimir club" 2100 are mostly out of reach for common folk.

Also, to people who said that "only people who got in early can have that" - no, it's not enough - only people who can hold their shit together through extended periods of depressed prices, i.e. those who actually believe in fundamental value. So while it can be easy to get 2.1 or 21 right now, the hard part is to hold them for several years, not cashing all out at what you consider "tops" and not panic-dumping at what you consider "bottoms".

Best answer so far. (Paraphrasing) Basically: two ways to define 'a lot of BTC' - (1) BTC holding relative to your total net worth, or (2) your BTC relative to all BTC in existence.

One addition to your addition to the statement "only people that got in early can have a lot" ... you correctly point out that getting in super early is not sufficient to be big now (i.e. if you sold too early). I'd like to add that it's not necessary either, either by someone with a high non-BTC net worth buying in big now (the boring case), or by trading your way to a larger share of BTC (the less boring, but frequently dismissed as "gambling" case).

seljo

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Hodling since 2011.®

5KBTC would be alot.

ask

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2100 BTC is enough for modest living.

sbrzol

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Quote from: minimalB on November 04, 2014, 07:52:57 AM

I think any number between 2.1 and 210BTC is great.

211

minimalB

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I think any number between 2.1 and 210BTC is great.

johnyj

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Beyond Imagination

1 BTC is already A LOT， the upper limit is SATOSHI-USD parity, means 1BTC is 100 million USD, and after that the protocol will be upgraded to add more zeroes Wink

GreenCoin22

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Quote from: Elwar on November 03, 2014, 11:48:07 AM

My goal is to have 21 million bitcoins.

Hey greedy, don’t fret
What you see is what you get!
You name it, I haven't it
What you see is what you get!

lyth0s

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World Class Cryptonaire

I think 10+ Bitcoins will prove to be a massive sum of wealth 5 years from now.

Remember that if just the worlds top 3% richest owned all the bitcoins that will ever be produced, their fair share would only be 0.0875 bitcoins each!

If everyone in the world gets an even share of coins, then everyone would only have 0.00265 bitcoins!

And that is assuming that all 21 million coins have been mined. Cheesy

Vod

legendary

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Licking my boob since 1970

3BTC! It's what I keep in my hot wallet. Never needed to spend more than that.

camelson

copper member

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For me 5 btc is a lot;) But one guy on PD make this 2k btc but this is impossible for me

Fioraver

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Gamblica Pre-Sale launch 01.03.2018!

hold 10 bitcoins forever!

chessnut

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I think 10BTC is a pretty smart number. it's a huge portion of a money supply limited to 21million.... did you know there are 12 million millionaires in the USA =O

However at this stage I would like to accumulate at least 50-100 simply because I still can. then I would feel rich.

Johanna

sr. member

Activity: 255

Merit: 250

More then 100BTC is consider a lot.....

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