How much crypto do you need ? - page 2.

verita1

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I have created a small portfolio to find out if I can really make a profit with BTCitcoin and cryptocurrencies and it has worked. Because if I invested in my local currency I doubt that I would make any profit due to the high inflation that we are experiencing in my country.
I would say that I would need $ 1000 for my investment, but that amount is less than the stimulus check that the US government offers its citizens. Cheesy

Of course, that depends on each one, there are countries that their citizens need more money to live fully.

RapTarX

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If everyone had a good portfolio management skill, I doubt we had a lot of people would be starving. Jk Cheesy

Not everyone in the crypto space had a goal of owning certain BTC, nor they plan to hold for a certain period. Most of the small investors invest a certain amount and sell when rhey got a good profit. In my case, I have been holding btc for a long time now and I have a plan to reach 10 of it someday. But that's not possible for everyone. I have been investing in BTC from my RL income. Saving the BTC I'm getting from my freelancing job as well. But not everyone will evaluate BTC the way I'm doing. I guess it's impossible to have answered the question in general.

BIT-BENDER

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I dont think you need to have how much crytocurrency and bitcoin you need. Its not something that should be short leaved but it should be continuous. I wish I could convert all my fiat to bitcoin and do my purchasing with them. But not every one collects it as a value for trading.
My target is using crytocurrency for everything I need
So the thinking of how many crytocurrency you need is a unarguable a business thought which will not do well for bitcoin. In the forum we should have some members with gigantic amounts of bitcoin but do they run to convert it to fiat or are they relaxed? No is the answer. They dream big about bitcoin, despite the amount of bitcoin in your ownership - high, low or average-.
Training your mind to understanding the value and purpose of bitcoin in years to come will separate you from cryto-diggers to crypto-holders

cheater detector

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You should do diversification if you want to start be professional investors, this will help you to be more safe than losing much your funds. You can get much return when you investing in more riskier investment example bitcoin and altcoin. If you want to be more safe, gold can be the better choice, but doesn't have much return. The neutral investment between riskier and safer is stock.

Combining 3 kind investment from Bitcoin, Gold, and Stock is the great idea for me. At least if you lose 1 of your investment, another 2 of your investment can back up it

vycl87

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This is all about investment strategy. Anyone who knows how to make the right investment will know how much cryptocurrencies to buy. Anyone who knows how to invest will also know how much of their crypto investments balance between Bitcoin and altcoins.

Therefore, although there are a lot of ideas on this subject, everyone should find their strategy in the most rational way. Because everyone's psychological structure, economic structure and expectations are different from each other.

bitmover

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Quote from: DeathAngel on May 02, 2020, 09:49:35 AM

Everybody has different targets, it all depends how much it costs to live where you are, how much money you have invested elsewhere & your age. It’s an impossible question to answer but it’s definitely advisable to have at least some portion of your net worth in bitcoin.

I agree. Everyone has different goals in life.
Personally I think something between 1 to 20% of the overall portfolio in bitcoin is interesting. However kore than 20% is a lot.

It is important not to get over invested so you don't panic sell .go buy a little every month or so until you are comfortable with your solar average cost.

CarnagexD

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In terms of the world of cryptocurrency there is no limit what you need some people to make a huge hoarding of this coin because they know the potential of this coin to make and give a huge market income or profit on them. Also in having crypto is get what you can afford because today there are a lot of people making an investment into the world of crypto but they don't have enough funds on their selves also it is better to use the extra funds on your crypto because not all the time you can make a lot of earnings with the use of it you must have proper knowledge, skills, and experience to handle that huge amount of money we have different respective in terms of holding of a coin it depends on you how much you will get just the thing is you must need to know how to handle and to earn more with the use of it.

DeathAngel

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Everybody has different targets, it all depends how much it costs to live where you are, how much money you have invested elsewhere & your age. It’s an impossible question to answer but it’s definitely advisable to have at least some portion of your net worth in bitcoin.

maydna

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How much? If you ask about how much crypto do we need, the answer will vary, but for me, I need as much crypto as I can because I am sure that when I have so many cryptos, I can make a lot of profit in the future. If the coin that I have can increase so high, I will sell the coin at a high price, and that means, the profit that I will get will be bigger too.

But the crypto that I want to hold will be the crypto that has potential to increase higher in the long term. I will keep some coins for a short time too because that can give me additional income from trading that coin.

thesmallgod

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Quote from: salamat700 on May 02, 2020, 02:22:55 AM

Quote from: Thavash on May 02, 2020, 01:28:47 AM

Most people don't plan their acquisition strategy, and that's why we have "weak hands" that sell when they shouldn't sell (and regret it later). Basically, I feel that its very important to have a target price range, a target investment amount, and then work towards that slowly to get to your goal. In the video I show you one way of possibly doing this.

This can be because many of the Bitcoin holders are small investors and they are not really under the professional investors category. Just like any other investment, there is a learning curve in Bitcoin and an investor must learn the basics and what are his goals in getting into the world of cryptocurrency. I hope to be learning something from your video and this forum so that I can come up with my Bitcoin goals, with long-term plans in mind.

I am just curious to know what professional investors mean. people with huge crypto assets? or people that trade with strategies that cannot fail. I understand clearly that for someone to a substantial amount from investing in crypto, you need to start with a reasonable capital. learning coin graph might broaden your knowledge about trading but that does not mean you cannot still lose

Eugenar

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Thanks for sharing that video but I think it won't be accurate for all people in this crypto world, we have all different perceptions in life, different lifestyles, different ways of living and different statuses, and life. Well for me the crypto we need will be based on our contentment, if we know to ourselves that we are already contented to the bitcoin we have right now then I think that is how many cryptocurrencies we should have.

My own contentment in life is when I had all of my dreams, having a bitcoin that will sustain all of my needs and wants, having a dream house, build my own company and cars.

batang_bitcoin

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We don't have the same lifestyle and others that do acquire doesn't have the best life of all. They probably are earning minimum wage and save as much that they can but still maintaining to buy during the dips. Knowing how much that we want depends to your lifestyle but as much as possible, we want to have as many as we can. But in these times, the only thing that we can do is to keep on accumulating regardless of your lifestyle and how much do you save.

UserU

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I was one of those "weak-handers" when I first jumped in because the crypto winter during 2018 was so lengthy. I held the portfolios (alts) for like 6 months then sold them because things weren't improving much and I went in when the prices were at the bubble.

salamat700

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Quote from: Thavash on May 02, 2020, 01:28:47 AM

Most people don't plan their acquisition strategy, and that's why we have "weak hands" that sell when they shouldn't sell (and regret it later). Basically, I feel that its very important to have a target price range, a target investment amount, and then work towards that slowly to get to your goal. In the video I show you one way of possibly doing this.

This can be because many of the Bitcoin holders are small investors and they are not really under the professional investors category. Just like any other investment, there is a learning curve in Bitcoin and an investor must learn the basics and what are his goals in getting into the world of cryptocurrency. I hope to be learning something from your video and this forum so that I can come up with my Bitcoin goals, with long-term plans in mind.

Thavash

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Hey guys. I made a short video discussing the topic of how much Bitcoin / Crypto do you really need ?

https://youtu.be/HcSsFMFvq-w

Most people don't plan their acquisition strategy , and that's why we have "weak hands" that sell when they shouldn't sell ( and regret it later ). Basically, I feel that its very important to have a target price range , a target investment amount , and then work towards that slowly to get to your goal. In the video I show you one way of possibly doing this.

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