As someone who was around in 2010, getting back over 10000 is my goal.
how are you pursuing this? get getting more fiat in to buy bitcoin? Or something else? Trading? Investments? new business pursuits?
Topic: how many BTC is enough? - page 2. (Read 5677 times)
how are you pursuing this? get getting more fiat in to buy bitcoin? Or something else? Trading? Investments? new business pursuits?
its crazy to think just over a year ago bitcoin was at $3-$4
i agree...its pretty crazzy....the higher is goes the more force it exerts on making people use it or miss out on that business, it says to companies here is x billion market cap on the table, that can be sent around infinitely, do you want some of this business? Do want to store some wealth to the consumer?
The answer to this thought experiment is easy. When talking quantities of money, there is always a frontier: the amount of money enough to live on for the rest of your life (20-25 times the annual spending). I would bet 1/20 of the additional money I need to retire. If I win, I retire; if I lose, I will recover the loss very fast. 
Interesting thought experiment I came up with today that may help you answer the "how much is enough" questions:
Imagine you meet an honest and generous billionaire that loves to gamble, just for the lulz. He says to you: "I will flip this coin and you get to call it in the air. If you win, I will pay you 20X what you bet. If you lose, you lose all of what you bet. I will accept any bet you can credibly make but you only get one shot."
So, how much would you bet? Answer in dollars, BTCs, etc., or as a % of your net worth.
Assume the coin toss is fair, and that he will pay up instantly if you win. You can only bet money that you actually have.
Imagine you meet an honest and generous billionaire that loves to gamble, just for the lulz. He says to you: "I will flip this coin and you get to call it in the air. If you win, I will pay you 20X what you bet. If you lose, you lose all of what you bet. I will accept any bet you can credibly make but you only get one shot."
So, how much would you bet? Answer in dollars, BTCs, etc., or as a % of your net worth.
Assume the coin toss is fair, and that he will pay up instantly if you win. You can only bet money that you actually have.
As someone who was around in 2010, getting back over 10000 is my goal.
its crazy to think just over a year two years ago bitcoin was at $3-$4
FTFY
The last time the mtgox price closed below $4.00 was December 24, 2011, though it dipped below $4.00 briefly on February, 16, 2012.
guy prolly meant its amazing that bitcoin was ~$5 in summer 2012
yes, this. just over a year. time does fly!
1% of all the bitcoins (210,000) would be nice, but I think it is no longer achievable by anyone but the super-rich.
1% of 1% of all the bitcoins (2,100) is a good goal if you are wealthy and can get there quickly before the exchange rate goes up too much.
1% of 1% of 1% of all the bitcoins (21) is achievable by many people now, but maybe not next year.
1% of 1% of 1% of 1% of all the bitcoins (0.21) will be a good goal for someone getting in next year.
1% of 1% of all the bitcoins (2,100) is a good goal if you are wealthy and can get there quickly before the exchange rate goes up too much.
1% of 1% of 1% of all the bitcoins (21) is achievable by many people now, but maybe not next year.
1% of 1% of 1% of 1% of all the bitcoins (0.21) will be a good goal for someone getting in next year.
This.
its crazy to think just over a year two years ago bitcoin was at $3-$4
FTFY
The last time the mtgox price closed below $4.00 was December 24, 2011, though it dipped below $4.00 briefly on February, 16, 2012.
guy prolly meant its amazing that bitcoin was ~$5 in summer 2012
If BTC_Count < 21,000,000
Acquire = True;
Acquire = True;
+1
There is never gonna enough. Get as much as you can while its still sub $1k
Wow it was only a few months ago when this was being said with one less zero
If BTC_Count < 21,000,000
Acquire = True;
Acquire = True;
+1
There is never gonna enough. Get as much as you can while its still sub $1k
If BTC_Count < 21,000,000
Acquire = True;
Acquire = True;
It can only be given as a % of your portfolio.
I would say 30-50% would be fair for holding long term. 50% is pretty adventurous imo.
I would say 30-50% would be fair for holding long term. 50% is pretty adventurous imo.
The problem with bitcoin is that, as it goes up so does it's % of the portfolio. I find myself at 50% now and i think that is way too much.
I also don't want to sell...
its crazy to think just over a year two years ago bitcoin was at $3-$4
FTFY
The last time the mtgox price closed below $4.00 was December 24, 2011, though it dipped below $4.00 briefly on February, 16, 2012.
1000 is the goal.
100 is enough to become very wealthy.
100 is enough to become very wealthy.
in a few years owing just a couple bitcoins will be considered very, very wealthy...
Get as many as you can. There will be a point in time where owning an entire Bitcoin is an accomplishment.
Basically this.
Go for 2.1
Then go for 21
Then go for 210 if you think you can...etc
Divide 21 million by how many you hold. The resulting number you can say you own one piece out of that many pieces of the global Bitcoin economy. Technically it is 12m divided by your current holdings.
great plan, however at this rate I think it's the other way around. Go for 210, then it will be more expensive, go for 21, then it will be astronimically expensive, go for 2.1.
Technically you're right. I just think 210 is out of reach for most people now. 21 would be am amazing feat for anyone young and new. Owning 1 piece out of 1m pieces of any global industry would be an achievement.
its crazy to think just over a year ago bitcoin was at $3-$4
It can only be given as a % of your portfolio.
I would say 30-50% would be fair for holding long term. 50% is pretty adventurous imo.
I would say 30-50% would be fair for holding long term. 50% is pretty adventurous imo.
The problem with bitcoin is that, as it goes up so does it's % of the portfolio. I find myself at 50% now and i think that is way too much.
I also don't want to sell...
I would base it on your buy in price, though obviously if it levels out at say $1000 per BTC for a sustained amount of time, then you might want to re-evaluate.
Get as many as you can. There will be a point in time where owning an entire Bitcoin is an accomplishment.
Basically this.
Go for 2.1
Then go for 21
Then go for 210 if you think you can...etc
Divide 21 million by how many you hold. The resulting number you can say you own one piece out of that many pieces of the global Bitcoin economy. Technically it is 12m divided by your current holdings.
great plan, however at this rate I think it's the other way around. Go for 210, then it will be more expensive, go for 21, then it will be astronimically expensive, go for 2.1.
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