How much Bitcoin to accumulate now to be financially set after the next boom? - page 6.

thecodebear

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Quote from: gabmen on February 08, 2019, 04:12:20 AM

Who can tell how far that next boom will take us? Or when it will happen? For are we know, a boom could simply get us to the 5k to 7k levels and who knows how much the correction to that boom will be. I'm looking way further than the next boom, probably around 2 to 3 years where hopefully having 5 to 10 full btcs would allow me to set up a pretty big non-crypto business.

By the next boom I'm talking about the next exponential gains above $20k (probably occurring in the next three years). I'm not just talking about the next time the price rises.

Febo

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Quote from: thecodebear on February 07, 2019, 12:04:18 PM

For all you people doing the smart thing now and accumulating Bitcoin on the bottom, two questions:

What's your goal number of bitcoins to accumulate now (or how much will you be satisfied accumulating)?

How much bitcoin do you think it would take for you to set yourself up for life financially assuming you sold late in the next bitcoin boom (at whatever price you think you would sell at and you think will be hit on the next boom)?

It is much easier to buy at close to bottom then to sell at close to top. If you can do that both then it really dont matter how much Bitcoins you will sell then. You will just wait 2 years and buy back at bottom again. You should rather look how much you will have at next bottom. that should be around 4-5 yeas from now. Bitcoin should be about $50k then. then you need to think how much is to be "financially set" for you personally. If it is $1 million, then you need 20 Bitcoins, if it is $100k, then you need 2 Bitcoins.

Lucius

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I think someone has already mentioned it that amount of BTC depends on the country where the person lives, so same amount of coins in Venezuela or in UK has a big difference. If we assume that next big bull run will happen in next 2-3 years, and that BTC price should probably reach and overtake formerly highest price (20 000$), then for some people only 1 BTC would be enough, for some others included me something around 10 would be quite a decent number.

But I have a different strategy, not take money and run, but spend only small part and wait that correction do work as always before. Then I need to be patient and wait for bottom to invest and buy many cheap coins. I am a long term holder, so maybe in next 10 years there will not be need to sell BTC for fiat, the price may become relatively stable and Lightning Network will allow cheap and instant transactions.

Naida_BR

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Quote from: thecodebear on February 07, 2019, 12:04:18 PM

For all you people doing the smart thing now and accumulating Bitcoin on the bottom, two questions:

What's your goal number of bitcoins to accumulate now (or how much will you be satisfied accumulating)?

How much bitcoin do you think it would take for you to set yourself up for life financially assuming you sold late in the next bitcoin boom (at whatever price you think you would sell at and you think will be hit on the next boom)?

I have a lot of altcoins right now that are on the Top10. My goal now is to manage and accumulate my first bitcoin. I think that the best answer to your question is to gather as much as you can. The more you have the better. There is not a specific amount that would provide you the ease of being Financially wealthy.

dothebeats

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There shouldn't be an exact number, as the number will vary depending on the capacity of each person to buy bitcoins. And it also highly dependent on how crazy or steep the next boom might be. Right now, I'm satisfied with what's in the stash for me, and depending on market conditions, I'm willing to buy a little more just to have some more in case it goes really crazy. I've been doing the same thing just like what I did in 2014-2017, though I'm buying smartly as I now buy during the lows and not during the crazy short-term peaks.

gabmen

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Who can tell how far that next boom will take us? Or when it will happen? For are we know, a boom could simply get us to the 5k to 7k levels and who knows how much the correction to that boom will be. I'm looking way further than the next boom, probably around 2 to 3 years where hopefully having 5 to 10 full btcs would allow me to set up a pretty big non-crypto business.

exstasie

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Quote from: thecodebear on February 07, 2019, 12:04:18 PM

What's your goal number of bitcoins to accumulate now (or how much will you be satisfied accumulating)?

I'm satisfied with my holdings. I'd rather not mention anything more than that.

Quote from: thecodebear on February 07, 2019, 12:04:18 PM

How much bitcoin do you think it would take for you to set yourself up for life financially assuming you sold late in the next bitcoin boom (at whatever price you think you would sell at and you think will be hit on the next boom)?

It depends what shape the next run takes. If it keeps continuing on the logarithmic curve, we'll probably only see $300K-400K on the next run, tops. So 10 BTC might do it.

If it's an s-curve, the sky's the limit. My favorite projection for the next bubble top (maybe 3 years out) is $13 Million per BTC. So 0.25 BTC be enough! Cool

thecodebear

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Quote from: DeathAngel on February 07, 2019, 05:07:43 PM

21 bitcoin’s is a cool target to have, think of the % of the total supply of 21,000,000.
My personal target is lower though

Nice. Yeah 21 is a good goal. I'm finally gonna pass that goal next week. one in a million!

Jating

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Quote from: thecodebear on February 07, 2019, 12:04:18 PM

For all you people doing the smart thing now and accumulating Bitcoin on the bottom, two questions:

What's your goal number of bitcoins to accumulate now (or how much will you be satisfied accumulating)?

Good question. Personally, I haven't set any goals as to how much though, as long as I have the money to buy bitcoin slowly, then I will continue to do and try to accumulate as many as I can in this bear market.

Quote from: thecodebear on February 07, 2019, 12:04:18 PM

How much bitcoin do you think it would take for you to set yourself up for life financially assuming you sold late in the next bitcoin boom (at whatever price you think you would sell at and you think will be hit on the next boom)?

For casuals like me, I should say 10 BTC - 50 BTC, but then again, it would be a challenge, but as I have said, this is like a marathon, you don't need to buy 1 BTC right-away, just small portions monthly will be sufficient enough, and we knows, before the next boom you could have hundreds of bitcoin in your wallet.

Adriano2010

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In my opinion if will be possible try to get 10 BTC, but will be hard to get so much bitcoin without investing some money, and maybe will be need a lot of time to get the profit before the next boom will start.

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Quote from: thecodebear on February 07, 2019, 12:04:18 PM

What's your goal number of bitcoins to accumulate now (or how much will you be satisfied accumulating)?

I don't have a fixed goal, I simply try to buy as much as I can whenever I can while prices remain at relatively low levels. I don't think I'll ever be satisfied and stop buying btc (:

Quote from: thecodebear on February 07, 2019, 12:04:18 PM

How much bitcoin do you think it would take for you to set yourself up for life financially assuming you sold late in the next bitcoin boom (at whatever price you think you would sell at and you think will be hit on the next boom)?

I don't look at bitcoin as a way to achieve financial success in the long run, but if I were to choose a number, I'd say +100 btc. Assuming that prices go above 20k and beyond, that many btc could net you a a couple million dollars or more, and that's more than enough to invest in some businesses to make money while still having a big stash of btc to live comfortably.

Deeyoh

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Next boom who knows maybe 21 or 210. Cheesy

When the real boom happens, you'll only need 1. Remember less than 21 million people in the whole world can own 1 bitcoin.

DeathAngel

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21 bitcoin’s is a cool target to have, think of the % of the total supply of 21,000,000.
My personal target is lower though

thecodebear

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Quote from: snipie on February 07, 2019, 03:51:17 PM

Quote from: Idrisu on February 07, 2019, 03:35:55 PM

I need 200 bitcoin to be at list comfortable if bitcoin can grow to $20,000 again .

In some countries especially third world countries, you can be a king with such amount of bitcoin in the actual price Tongue

Ok i do not think there is a fixed amount of bitcoin to have to be financially secure but I would say 30 BTC could let you buy a house and a valuable car one day.

30 Bitcoin would be more like a mansion. That'll be several million dollars in the next few years.

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Quote from: Idrisu on February 07, 2019, 03:35:55 PM

I need 200 bitcoin to be at list comfortable if bitcoin can grow to $20,000 again .

In some countries especially third world countries, you can be a king with such amount of bitcoin in the actual price Tongue

Ok i do not think there is a fixed amount of bitcoin to have to be financially secure but I would say 30 BTC could let you buy a house and a valuable car one day.

Idrisu

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Quote from: thecodebear on February 07, 2019, 12:04:18 PM

For all you people doing the smart thing now and accumulating Bitcoin on the bottom, two questions:

What's your goal number of bitcoins to accumulate now (or how much will you be satisfied accumulating)?

How much bitcoin do you think it would take for you to set yourself up for life financially assuming you sold late in the next bitcoin boom (at whatever price you think you would sell at and you think will be hit on the next boom)?

I am struggling to have one bitcoin currently and it has not been easy because of the little fund I have for trading and investment. I need 200 bitcoin to be at list comfortable if bitcoin can grow to $20,000 again .

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Quote from: HODL2090 on February 07, 2019, 12:23:43 PM

Maybe not in the next book, but I predict that in the next four years, one bitcoin would at a point be worth six figures in USD. At that price just a couple of bitcoins would be enough to set one up for life, if they are good at handling money and investments.

Only speculation. The price could also stay like it is right now and it could also go lower. There is nothing to tell us for sure what Bitcoin will become. Lack of adoption, over regulations, FUD will surely not bring the price to a 6 figures number. And how the market is currently we are far to say it will happen soon.

HODL2090

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Maybe not in the next book, but I predict that in the next four years, one bitcoin would at a point be worth six figures in USD. At that price just a couple of bitcoins would be enough to set one up for life, if they are good at handling money and investments.

thecodebear

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For all you people doing the smart thing now and accumulating Bitcoin on the bottom, two questions:

What's your goal number of bitcoins to accumulate now (or how much will you be satisfied accumulating)?

How much bitcoin do you think it would take for you to set yourself up for life financially assuming you sold late in the next bitcoin boom (at whatever price you think you would sell at and you think will be hit on the next boom)?

Topic: How much Bitcoin to accumulate now to be financially set after the next boom? - page 6. (Read 19765 times)