1BTC
In a few years people will be amazed to know somebody with 1BTC
Topic: In your mind what is a "good" amount of Bitcoin for a newb to hold and be proud? - page 2. (Read 3523 times)
December 23, 2013, 03:41:32 PM
December 23, 2013, 03:14:44 PM
Any novice that can securely generate a 1-bitcoin paper wallet (clean, single-output, new address) has every reason to be proud. Such a feat would require, research, persistence, risk-tolerance, and significantly above average computer skills. Holding it for about 3 years (accruing 1000 bitcoin-days) will suggest an understanding of Bitcoin and a strength of mind that few seem able to muster.
December 23, 2013, 03:07:42 PM
Owning 1 bitcoin is a great achivement at this point. Soon it will be unreachable for most people.
Also, you're supporting the bitcoin movement with just one coin. If you already own 5, then you certainly have a good thing going for you! Keep it up.
December 23, 2013, 02:54:34 PM
Successfully achieving stable containment of BTC0.01
December 23, 2013, 02:49:08 PM
If the entire 21M pool of Bitcoins were evenly distributed to every single person on earth, each person would have around .00033333 BTC. I'd say if you have a whole integer Bitcoin, you're doing good.
December 23, 2013, 01:47:32 PM
I know it's a completely arbitrary question, but what number pops into your head?
I'm a newb and have just gotten up to 5 BTC and I'm proud to hit that number.
I'm a newb and have just gotten up to 5 BTC and I'm proud to hit that number.
5BTC is a lot for a newb at today’s prices. Makes sure you've got your funds secured and remember to only invest what you can afford to lose.
Thank you sir. I think the next milestone I'm aiming for is 10.
If you don't even have double digit BTCs then you are wasting your time, and mine.
December 23, 2013, 01:44:03 PM
I know it's a completely arbitrary question, but what number pops into your head?
I'm a newb and have just gotten up to 5 BTC and I'm proud to hit that number.
I'm a newb and have just gotten up to 5 BTC and I'm proud to hit that number.
5BTC is a lot for a newb at today’s prices. Makes sure you've got your funds secured and remember to only invest what you can afford to lose.
Thank you sir. I think the next milestone I'm aiming for is 10.
December 23, 2013, 09:18:03 AM
1 BTC
December 23, 2013, 08:50:42 AM
There is no such thing as a 'good' amount of bitcoin to hold. Whether a newbie or veteran, each person has different circumstances and matching the two together simply does not work.
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
December 23, 2013, 08:11:46 AM
I know it's a completely arbitrary question, but what number pops into your head?
I'm a newb and have just gotten up to 5 BTC and I'm proud to hit that number.
I'm a newb and have just gotten up to 5 BTC and I'm proud to hit that number.
5BTC is a lot for a newb at today’s prices. Makes sure you've got your funds secured and remember to only invest what you can afford to lose.
December 23, 2013, 07:06:21 AM
5 is also the number I aim to own long-term. I currently own a few more, which I plan to slowly sell as the price goes up. I am hoping to be freerolling with 5 
December 23, 2013, 06:59:30 AM
I believe any amount is positive. It shows support for Bitcoin.
but some amounts are more positive than others
December 23, 2013, 06:34:04 AM
I believe any amount is positive. It shows support for Bitcoin.
December 23, 2013, 04:58:10 AM
Think it has less to do with someone being a "newb" or not and more to do with their financial situation if they are buying their bitcoins since it costs fiat to buy them.
December 23, 2013, 04:53:21 AM
As others said, there is no "good" amount to hold, I think a newb should get into bitcoin progressively, decide a certain amount you want to convert each month and buy, let's say $500 a month. If a particular month is THE "bubble month", hold it for the next or wait and buy on a deep
December 23, 2013, 04:50:36 AM
2.1 or 21 if you can afford it.
21 bitcoins means that you will have one millionth of all bitcoins ever created (2.1 means one ten millionth).
So less than a million people could ever have more bitcoins than you.
At 2100 bitcoins (the Vladmir club) there could only be less than 10,000 people with more bitcoins than you.
21 bitcoins means that you will have one millionth of all bitcoins ever created (2.1 means one ten millionth).
So less than a million people could ever have more bitcoins than you.
At 2100 bitcoins (the Vladmir club) there could only be less than 10,000 people with more bitcoins than you.
December 23, 2013, 04:50:20 AM
0.0017
December 23, 2013, 04:25:12 AM
I would say 10-20% of your liquid net worth is a good amount.
December 23, 2013, 04:15:59 AM
Given that the average American doesn't even hold a retirement account (I'm American so yes I'm going to be US-centric), and many live paycheck to paycheck, I'd say 1 bitcoin is already "out of reach" for the "average" person.
This is true. People who live from paycheck to paycheck can perhaps save $100 per month which means that they can probably get 1 bitcoin if they keep investing that $100 into bitcoins each month, but it requires some dedication and is becoming more difficult as time goes on.
This is just how it is, and I believe that changing to mBTC is quite refreshing in this sense.
December 22, 2013, 07:50:27 PM
Owning 1 bitcoin is a great achivement at this point. Soon it will be unreachable for most people.
Given that the average American doesn't even hold a retirement account (I'm American so yes I'm going to be US-centric), and many live paycheck to paycheck, I'd say 1 bitcoin is already "out of reach" for the "average" person.
Jump to: