42 is the answer to life, the universe and everything.
Topic: how many BTC is enough? (Read 5753 times)
Don't you people read?
42 is the answer to life, the universe and everything.
42 is the answer to life, the universe and everything.
"640k mXBT ought to be enough for anybody." --Bill Gates
Very good!
(Tho implying we actually need a lot more, or maybe a swap file with our fiat?)
Most analysts are bitcoiners sooooo maybe it's not 100% accurate
50 should be good, because max the bitcoins can soar to is $4000-$5000.
Also you'd have to hold them for atleast 10 years.
Also you'd have to hold them for atleast 10 years.
Most analysis shows $5000 by the end of next year. And the max is generally considered to be somewhere between $10,000 and $300,000.
50 should be good, because max the bitcoins can soar to is $4000-$5000.
Also you'd have to hold them for atleast 10 years.
Also you'd have to hold them for atleast 10 years.
if you would have written "1 year" i´d agree.
50 should be good, because max the bitcoins can soar to is $4000-$5000.
Also you'd have to hold them for atleast 10 years.
Also you'd have to hold them for atleast 10 years.
I'd like to own ten times more than the 21 I'm sitting on now, but to get that many is going to take an investment that would take me years to claw back should Bitcoin plummet to zero.
Is it worth it? Who knows?
However I keep thinking that if Bitcoin keeps growing then there probably is not much point in investing anymore.
Even 10 Bitcoin should be life changing if Bitcoins growth continues (as it has done in the past) for the next few years.
Then perhaps even later all you'll need is 1 BTC to set you up for life.
So the dilemma, is it worth investing allot more fiat with a risk of loosing everything that would take years to recover?
or
Do you just sit tight with a few bitcoins because that should be enough to be happy with in the future and if they lose value, you can just move on to the next thing stress free.... which in itself is priceless!
It's also worth remembering that things that seem too good, usually don't work out as expected in the end!
or
All good things come to an end? The thing is knowing when.
Could BTC be the exception to the rule?
So perhaps it's worth being a little bit careful and not going all in with an amount you can't afford to lose.
My goal is 210 but I think 10+ is good if you hold till the market cap hits 500 billion.
Is it worth it? Who knows?
However I keep thinking that if Bitcoin keeps growing then there probably is not much point in investing anymore.
Even 10 Bitcoin should be life changing if Bitcoins growth continues (as it has done in the past) for the next few years.
Then perhaps even later all you'll need is 1 BTC to set you up for life.
So the dilemma, is it worth investing allot more fiat with a risk of loosing everything that would take years to recover?
or
Do you just sit tight with a few bitcoins because that should be enough to be happy with in the future and if they lose value, you can just move on to the next thing stress free.... which in itself is priceless!
It's also worth remembering that things that seem too good, usually don't work out as expected in the end!
or
All good things come to an end? The thing is knowing when.
Could BTC be the exception to the rule?
So perhaps it's worth being a little bit careful and not going all in with an amount you can't afford to lose.
My goal is 210 but I think 10+ is good if you hold till the market cap hits 500 billion.
"640k mXBT ought to be enough for anybody." --Bill Gates
I guess anyone holding 1 whole bitcoin is gonna be very happy in 10-20 years.
I hope that's the way it is.
It kind of sucks that this is the way that bitcoin is, though. I personally don't ever want to use any for trading or buying as bitcoin was intended to be used, because if I just wait a little bit longer it may be worth twice as much in a few days..
I feel like something has to go wrong if everyone is just buying as an investment.
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?
Trading, investing, maybe a business if I run across anything promising. Its more of a that's be nice, but probably not gonna happen goal.
you are the guy bringing the girls to our party ! i´d call that a very promising idea...
I guess anyone holding 1 whole bitcoin is gonna be very happy in 10-20 years.
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?
Trading, investing, maybe a business if I run across anything promising. Its more of a that's be nice, but probably not gonna happen goal.
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.
i like your bet: 50 000,-
a 50/50 chance to make a million or lose all money a have.
would i include my coins in this bet ? hell no, they will 20fold anyway. and is there a 50/50 % risk of losing all (complete crash of bitcoin to zero) ?
btw: how high is the risk of btc going down for good ? 10% ? 1 % ? well i am sure it is less than 50%, that´s why i wouldn´t bet my coins.
I'd bet probably 20-30% of my net worth. That would be the scariest 10 seconds of my life though ... (and I would not enjoy the experience
)20-30% of my net worth is what I answered personally too.
20% of my net worth. That would be the optimal inflection point based on 50% chance of 20x gain/50% chance of 100% loss.
An interesting thought experiment, not pertinent to BTC since I think the number is closer to 80% fail/20% win.
C
An interesting thought experiment, not pertinent to BTC since I think the number is closer to 80% fail/20% win.
C
Imagine you meet an honest and generous billionaire
Right
I'd bet everything I could afford to lose. I'd still be able to live if I lost but I would only just have enough to cover rent, bills + food for the next few months.
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.
i like your bet: 50 000,-
a 50/50 chance to make a million or lose all money a have.
would i include my coins in this bet ? hell no, they will 20fold anyway. and is there a 50/50 % risk of losing all (complete crash of bitcoin to zero) ?
btw: how high is the risk of btc going down for good ? 10% ? 1 % ? well i am sure it is less than 50%, that´s why i wouldn´t bet my coins.
I'd bet probably 20-30% of my net worth. That would be the scariest 10 seconds of my life though ... (and I would not enjoy the experience
) 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.
Uhh, guys. I'm pretty sure this is a parable for bitcoin ownership.
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...
Well, look on the bright side. Thanks to the Winklevoss twins, soon you'll be able to go to 100%.
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.
i like your bet: 50 000,-
a 50/50 chance to make a million or lose all money a have.
would i include my coins in this bet ? hell no, they will 20fold anyway. and is there a 50/50 % risk of losing all (complete crash of bitcoin to zero) ?
btw: how high is the risk of btc going down for good ? 10% ? 1 % ? well i am sure it is less than 50%, that´s why i wouldn´t bet my coins.
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?
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.
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...
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.
how many BTC is a good amount
for a long holding position? 100? 250? 500? 1000+?
for a long holding position? 100? 250? 500? 1000+?
for a long term holder i'd say hold on to as many as you can but DO take some off the table...
for a initial investment i'd say 100%! of what you can afford to lose.....
The 1000 walls that pop up on gox and stamp are my role models.
200BTC is a good goal IMO.
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.
Get as many as you can. There will be a point in time where owning an entire Bitcoin is an accomplishment.
If you truly believe in Bitcoin, less than 10 would be enough to retire on, if you're young enough. (35-40)
Bin nie zufrieden.
Es gibt kein Ziel.
Gibt kein Genug.
Ist nie zuviel.
All die anderen,
Haben so wenig...
Ich brauche mehr!
Es gibt kein Ziel.
Gibt kein Genug.
Ist nie zuviel.
All die anderen,
Haben so wenig...
Ich brauche mehr!
how many BTC is a good amount
for a long holding position? 100? 250? 500? 1000+?
for a long holding position? 100? 250? 500? 1000+?
All you need is few BTC if Vladimir is right
But I guess the more the better ...
24 million.. wait, that would make my bitcoins worth close to nothing
100 coins sounds reasonable for a long hold. if it reaches $10k within 2-3 years, that's $1 million.. not enough to retire though.
100 coins sounds reasonable for a long hold. if it reaches $10k within 2-3 years, that's $1 million.. not enough to retire though.
21 for the glory in 21 paper wallet spread around the world
21 to play, trade, buy with
More if you can afford it
21 to play, trade, buy with
More if you can afford it
Agreed.
The gold standard for how much you should buy?
"As much as you possibly can"
and
"As much as you're willing to completely lose".
Put those together, primarily the 2nd one, and you'll probably be rich.
The gold standard for how much you should buy?
"As much as you possibly can"
and
"As much as you're willing to completely lose".
Put those together, primarily the 2nd one, and you'll probably be rich.
I'd say those silkroad seized coins would probably do it for me.
how many BTC is a good amount
for a long holding position? 100? 250? 500? 1000+?
Whatever amount affords you all you want? for a long holding position? 100? 250? 500? 1000+?
i sold most at $140. i've always regretted selling much more than buying.
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.
More.
you should start a poll. just posting such a question gives no clear answer.
besides that, "it's never enough" is my answer.
besides that, "it's never enough" is my answer.
The most you can afford (to lose in the worst of the cases) the better... IMHO
how many BTC is a good amount
for a long holding position? 100? 250? 500? 1000+?
for a long holding position? 100? 250? 500? 1000+?
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