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Topic: If bitcoins become massive, what is a good amount to have? (Read 1611 times)

sr. member
Activity: 448
Merit: 250
If bitcoins become REALLY massive - then just 1 BTC could be a life changer. There are as many millionaires in the world as there are bitcoins....
full member
Activity: 224
Merit: 100
DigiByte Founder
Moar. My plan is to keep buying what I can afford until I no longer need to. Then I will quit my day job. Bitcoin cannot fail unless either the laws of mathematics or human nature change.
+1
full member
Activity: 220
Merit: 100
If bitcoin is massive, all your money is the good number to have.

Wondering what amount to risk IF bitcoin becomes massive is another question.
donator
Activity: 784
Merit: 1000
Bitcoin is still super high risk in terms of investment. I wouldn't spend on in more than 5% of net wealth.
legendary
Activity: 3472
Merit: 4801
Or until someone finds a weakness in one of the cryptographic primitives (or builds a working quantum computer).

Nah, bitcoin is capable of dealing with both those situations just fine.
full member
Activity: 154
Merit: 100
Bitcoin could fail and collapse, or it could reach sustained mainstream use in everyday transactions.

Given the former, there isn't any amount of bitcoins you could hold on to that would make you "the new wealthy elite".

Given the later, it's conceivable that 1 BTC could be worth $100,000 someday.  In that case, 30 BTC would be worth $3 million!

Maybe you want to say $3M in 2013 USDs, otherwise, we are not sure where USD will be inflate/deflate to.
newbie
Activity: 57
Merit: 0
As many as you can..for as cheap as you can..cash out when value is high...
newbie
Activity: 7
Merit: 0
Bitcoin cannot fail unless either the laws of mathematics or human nature change.

Or until someone finds a weakness in one of the cryptographic primitives (or builds a working quantum computer).
full member
Activity: 224
Merit: 100
I think the answer depends on how massive it actually gets. But if the megabulls are right, you could have about 2-3K per coin so if you had about 300-500 coins you'd be pretty much set
hero member
Activity: 675
Merit: 507
Freedom to choose
with block rewards becoming smaller with the more mining being done i dont see how the price can crash.. unless BC somehow gets compromised and cannot be fixed.
sr. member
Activity: 434
Merit: 250
Definitely. Hold onto something safe...like fiat. Grin
q6m
newbie
Activity: 12
Merit: 0
If they become more mainstream, I can only assume that they have more intrinsic value due to the fact that they are accept more widely.  However, we have their value crash before, so I would be very careful, if I were you.
newbie
Activity: 9
Merit: 0
I concur...
newbie
Activity: 3
Merit: 0
I can't imagine holding on to a very large amount of bitcoins currently.  As others have stated, the bitcoin market could collapse at any moment and their is no FDIC for BC Smiley
full member
Activity: 160
Merit: 100
hero member
Activity: 868
Merit: 1002
sr. member
Activity: 280
Merit: 250
It seems quite massive to me already, WordPress and Reddit aren't any small stuff.
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
Bitcoin is already massive. Now check the time-line.......

2013-2025: About 100k BTC

2026-2050: About 1k BTC

2050~      : 1 single unit of BTC.

Give or take......


great!  ... but what am I going to do between now and 2050?
full member
Activity: 196
Merit: 100
Another block in the wall
Bitcoin is already massive. Now check the time-line.......

2013-2025: About 100k BTC

2026-2050: About 1k BTC

2050~      : 1 single unit of BTC.

Give or take......

member
Activity: 101
Merit: 10
As much I can Cheesy
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