We dont own enough bitcoin - page 3.

wmaurik

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Quote from: Ben Barubal on January 12, 2024, 04:38:24 PM

The existence of Bitcoin s in this era is important if you think far and believe in it. It doesn't matter if the amount of value you will buy now is small or large, you don't want to waste the opportunity of not being able to buy it and hold it for the long term.

Bitcoin is almost more important if we say so for this era, because some people are very grateful when they are still able to hold Bitcoin after buying it in the past at lower prices and are still eager to continue collecting it now at whatever price it is. This means that people who have truly dedicated themselves to Bitcoin will prioritize the amount of Bitcoin they can get rather than caring too much about the price circulating in the market. Because price is only more important for traders who take advantage of every space for profits in any amount.

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That's why others are very lucky to have an open mind and believe in bitcoin, because there is definitely a good ROI waiting for them once they find the right time to sell it.

I think not only other people can get a good ROI through Bitcoin at the right time, but you yourself can also get that ROI if you really believe in Bitcoin and are more concerned with continuing to collect it at any price without thinking about selling. in the near future or feel panic due to being influenced by other people who have sold before the right time occurs.

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The existence of Bitcoin s in this era is important if you think far and believe in it. It doesn't matter if the amount of value you will buy now is small or large, you don't want to waste the opportunity of not being able to buy it and hold it for the long term.

That's why others are very lucky to have an open mind and believe in bitcoin, because there is definitely a good ROI waiting for them once they find the right time to sell it.

pawel7777

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Quote from: yudi09 on January 12, 2024, 12:03:41 PM

Trying to balance Bitcoin, real estate and gold investments is fraught with challenges. If I can still try to keep Bitcoin regular with DCA, I also do gold based on financial conditions. Trying to add to real estate is still out of my reach.

One of the issues is a dilemma of whether to re-balance your portfolio, or just put a specified amount on a regular basis and just let it be. Re-balancing is probably a sensible option, you aim for your crypto-holdings to be no more than 20% of your portfolio, so if BTC shoots up and becomes more than that 20%, you sell the excess to put in other assets. But than many would ask themselves why sell their best-performing asset in favour of anything else.
As for real estate, just as with BTC, you don't have to buy a whole house or whole bitcoin. You could purchase property jointly with other people or just invest in REITs.

yudi09

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Quote from: Bloodseekers on January 09, 2024, 11:38:24 PM

Quote from: yudi09 on January 08, 2024, 09:14:14 AM

-snip-

I agree with you, not everyone considers BTC as an asset that they can invest in even though they have learned about how to invest with Bitcoin because they are still unsure about investing in Bitcoin.
What you have done is very good by balancing investments in Bitcoin, real assets and gold, of course you will be able to enjoy the benefits of the three investments you make.

Doubts about investing in Bitcoin can be due to many reasons. One of them may be that they don't know the benefits of investing in Bitcoin. Maybe they are also afraid because market prices are uncertain at any time.

Balancing the three in investing is great because all three types of investment have the same goal rather than making other investments or saving money in the bank.
Trying to balance Bitcoin, real estate and gold investments is fraught with challenges. If I can still try to keep Bitcoin regular with DCA, I also do gold based on financial conditions. Trying to add to real estate is still out of my reach.

MFahad

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Quote from: Julien_Olynpic on January 12, 2024, 03:36:05 AM

Nobody knows how many bitcoins are enough for us. If we mean financial independence, then we should probably have as many bitcoins as corresponds to 10-25 annual income. According to representatives of the FIRE movement, this is exactly what is needed for financial independence. For many this is a really large amount. But what I would like to say is that we could focus our attention on buying Bitcoin specifically during bear markets. I don't think now is a good enough time. You can save bitcoins in a bull market, but then you need to reduce the size of your purchases.

You would need more than just equal to 10-20 years of annual income. especially when it is in Bitcoin because Bitcoin is not a stablecoin. it's price is always fluctuating. another factor is how old you'd like to get retired. if you want to be financially independent at a younger age and retire from work then you would probably need a lot more than the normal retirement age.

Quote from: Kelvinid on January 12, 2024, 10:13:40 AM

What is enough for you then? Because those who only have limited sources of income and a low budget for investment, are already happy and said enough to have at least some. Maybe if you are a rich person, 1BTC, or 10BTC seems to be enough. A person can invest depending on their capabilities and budget but I don't say they will focus solely on crypto, not a safe one. I'd rather suggest to everyone to spread their investment for some reason and safety assurance.

Even though we saw the continuous growth of Bitcoin we can't assure that everything will go okay in the future. At least having another form of investment could save us from losing all our money.

What you said is very sensible advice bro. As Saying goes: Don't put all your eggs in one basket, which totally suites here. it is better to diversify your investment in multiple sources to keep yourself safe whens something unfortunate happen to one of your investment.

Crypto Library

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If we think about human nature, we can see that no matter how many possessions a person has, it is not enough for him because he wants more, and this is no exception in the case of Bitcoin. Moreover, most of us people do not make the right investment at the right time and that is why it seems we have the thought we don't on the enough.
If I speak for myself then I have to say when BitCoin came to 16K I was waiting for Bitcoin to fall below 10K and then I would invest so I missed one opportunity after another by not investing. And currently regretting that I don't have enough bitcoins to gain good profits in the upcoming bull-run.

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What is enough for you then? Because those who only have limited sources of income and a low budget for investment, are already happy and said enough to have at least some. Maybe if you are a rich person, 1BTC, or 10BTC seems to be enough. A person can invest depending on their capabilities and budget but I don't say they will focus solely on crypto, not a safe one. I'd rather suggest to everyone to spread their investment for some reason and safety assurance.

Even though we saw the continuous growth of Bitcoin we can't assure that everything will go okay in the future. At least having another form of investment could save us from losing all our money.

Dimitri94

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Quote from: Volimack on January 12, 2024, 06:15:21 AM

First of all no one owns bitcoins everyone holds bitcoins by investing their own money. Bitcoin is decentralized and its value will increase as small amounts are used. You have to fix your mind for investment. Everyone knows that the crypto market is unstable and there are risks. Understand the dynamics of the market and proceed with research. If you want to enjoy financial freedom you need to know the right time to buy Bitcoin.

Bitcoin is a risky investment platform as there is an opportunity to make more profit by investing, and if you invest without knowledge, there is more chance of loss than profit. A Bitcoin investor must know some basics. Especially when to invest and why you need to hold on bitcoin holdings in adverse conditions. Knowing these things, an investor will definitely be interested in investing in Bitcoin. In any other currency there is a possibility of losing one's wealth due to various events but Bitcoin is the only decentralised currency where one has a high chance of making profit if one invests for long term. If one invests keeping in view the possibility of return, he will also get a satisfactory return according to his investment.

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Quote from: Volimack on January 12, 2024, 06:15:21 AM

First of all no one owns bitcoins everyone holds bitcoins by investing their own money. Bitcoin is decentralized and its value will increase as small amounts are used. You have to fix your mind for investment. Everyone knows that the crypto market is unstable and there are risks. Understand the dynamics of the market and proceed with research. If you want to enjoy financial freedom you need to know the right time to buy Bitcoin.

Seems like OP is experiencing FOMO because of the current bitcoin situation and value. You're right, He needs to fix his mindset when it comes to investment because maybe he doesn't know that all bitcoin holders have spent a lot of time and years in investing, There's no easy money not as much as you think
so it's better for you to study thoroughly about bitcoin or any crypto related topic before you believe whatever news is spreading on social media.

Volimack

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First of all no one owns bitcoins everyone holds bitcoins by investing their own money. Bitcoin is decentralized and its value will increase as small amounts are used. You have to fix your mind for investment. Everyone knows that the crypto market is unstable and there are risks. Understand the dynamics of the market and proceed with research. If you want to enjoy financial freedom you need to know the right time to buy Bitcoin.

boty

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Quote from: Julien_Olynpic on January 12, 2024, 03:36:05 AM

Nobody knows how many bitcoins are enough for us. If we mean financial independence, then we should probably have as many bitcoins as corresponds to 10-25 annual income. According to representatives of the FIRE movement, this is exactly what is needed for financial independence. For many this is a really large amount. But what I would like to say is that we could focus our attention on buying Bitcoin specifically during bear markets. I don't think now is a good enough time. You can save bitcoins in a bull market, but then you need to reduce the size of your purchases.

Yes, having 10-20 Bitcoins is indeed a very large amount in my opinion and also we can do anything if we have that amount of Bitcoins, because we will no longer have difficulty if we want to do what we want and can easily do it.
Collecting Bitcoin when the market is bearish is very good, but we cannot know for sure whether a bear market will occur and now is not the right time to collect it, but if we can collect the amount we can of course we will be able to enjoy profits when market conditions are bullish.

Julien_Olynpic

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Nobody knows how many bitcoins are enough for us. If we mean financial independence, then we should probably have as many bitcoins as corresponds to 10-25 annual income. According to representatives of the FIRE movement, this is exactly what is needed for financial independence. For many this is a really large amount. But what I would like to say is that we could focus our attention on buying Bitcoin specifically during bear markets. I don't think now is a good enough time. You can save bitcoins in a bull market, but then you need to reduce the size of your purchases.

The Cryptovator

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The question is: how much Bitcoin do you need to own to say you have enough Bitcoin? Because the number of bitcoins varies from person to person and depending on their situation, It's most important how you can accumulate enough bitcoin, and it depends on your financial situation. However, if we have intentions to accumulate Bitcoin, we shouldn't regret it. We should try and find a way to accumulate bitcoin, though it's not enough. Some days, it would be enough for you. So the better strategy would be DCA for me, I believe.

BitcoinsGreat

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Quote from: dezoel on January 10, 2024, 12:58:31 PM

Not we, because some of us has a lot of Bitcoins already in their wallets and they think it was enough. They are only hodling and waiting for the bull run to sell their Bitcoins, and after that they will start a new journey again. For the person who is greedy, they will always want more even if their Bitcoin is already huge in number.

I guess this isn't bad as being greedy on gambling, and similar things or activities which has a greater risk. They only want to make sure that the money that they use to buy a BTC have came from a good way.

@OP, getting BTC at this point is more rewarding because the value of it is higher than last time.

First of all, those who do not have enough money to buy a full bitcoin, they can still buy any amounts of bitcoin and it will be beneficial for them in the long run. They should keep buying it on regular intervals and this will give them the best average price for their bitcoins.
Even if someone bought bitcoin at higher rates, doing the DCA will help him getting the good average of the price.

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Quote from: uneng on January 08, 2024, 09:30:08 AM

I believe the "I don't have enough" mindset can be useful as a boost to encourage you acquiring and working more to achieve better results futurely, although as you said, moderation is one of the best traits to be practiced by humanity. It means we should know how further we can push ourselves, while respecting our personal limits, and once we reach them, it's time to replace the "I don't have enough" mentality by the "I have enough, under my current conditions" mindset. I believe the conscience of having done the best we could have is what really matters in the end. That is what brings inner peace, fulfillment.

Those who persue the maximum, the pinnacle, the supremacy end only frustrating themselves and prejudicing their mental health, because there will be always someone one step ahead of you, and someone one step ahead of who is above you...

To get the better results,one should work for the best.Because after starting the business not all the people get rich in the process,Some may win and other may learn the lesson.The person should work with their inner peace to achieve in the work,it may be anything trade or the business doesn’t matter.The person should keep their mind in the good way which leads to keep their mental health in the good condition.The person should not live for the satisfaction for the other person wish,it’s no use at the end.After your old age,you can understand this fact.

Quote from: crwth on January 10, 2024, 01:05:50 PM

Isn't that what happens to you if you are greedy enough? You tend to do that to yourself knowing that you are still want to have more and not satisfied enough that you do stuff to get that. For sure it would be nice to have a lot but harboring that mindset might make you stuff that you wouldn't expect. This is too much knowing in a way that shouldn't be the mindset. It shouldn't be about greed but supporting a new era or a new way to have a currency. Continue to accumulate and you will be rewarded if it's a positive thing.

The greedy in any business is not the good one,if you want good results it’s essential to avoid your greediness.Some people add their greediness in the trade,they never satisfied with the profit and get the loss of the funds at the bearish market.The greedy in gambling was the cause of the many people to loss their money and the inner peace in the real life.

ChiBitCTy

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"Lets face it, getting BTC is at this point more rewarding for the average person than buying Real Estate, Gold, Silver, Oil stock, etc". I mean I guess this depends on when you bought it, but also I think it's important to know these are all apples and oranges as they are different types of investments.

It's been interesting seeing Kitco get so involved with bitcoin/crypto. I do have to say however I've seen quite a few videos from them about the topic that were pretty ridiculous. Hopefully they keep evolving in that manner as Kitco is a solid player of course in the precious metals space and have bought/sold with them a few times throughout the years.

xSkylarx

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This kind of act is too greedy, you should set goals or limit how much you want to own Bitcoin. This is like an attitude that can make you fall later on and I also see that there is no life in this kind of attitude, like when you keep chasing money to buy Bitcoin and you have no social life. We should always set an amount that is enough and only what we can afford to lose and live out our lives, and not compare our holdings to others so that we won't get jealous.

crwth

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Isn't that what happens to you if you are greedy enough? You tend to do that to yourself knowing that you are still want to have more and not satisfied enough that you do stuff to get that. For sure it would be nice to have a lot but harboring that mindset might make you stuff that you wouldn't expect. This is too much knowing in a way that shouldn't be the mindset. It shouldn't be about greed but supporting a new era or a new way to have a currency. Continue to accumulate and you will be rewarded if it's a positive thing.

dezoel

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Not we, because some of us has a lot of Bitcoins already in their wallets and they think it was enough. They are only hodling and waiting for the bull run to sell their Bitcoins, and after that they will start a new journey again. For the person who is greedy, they will always want more even if their Bitcoin is already huge in number.

I guess this isn't bad as being greedy on gambling, and similar things or activities which has a greater risk. They only want to make sure that the money that they use to buy a BTC have came from a good way.

@OP, getting BTC at this point is more rewarding because the value of it is higher than last time.

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Quote from: uneng on January 08, 2024, 09:30:08 AM

Quote from: kryptqnick on January 07, 2024, 11:08:21 AM

I don't believe in mindset advice and stuff like that. This post is about "I don't have enough" mindset as the right one. Today I also read a thread that was about not desiring money to become rich, which is sort of the opposite.
People should do whatever feels right and natural to them, whatever has a positive impact on them. Envy is bad, greed is also bad. Having some motivation to obtain more BTC is alright, and being chill about money is alright as well. Moderation (being moderate) is one of the best ideas of humanity, IMO, and it applies in this matter as well as in any other.

I believe the "I don't have enough" mindset can be useful as a boost to encourage you acquiring and working more to achieve better results futurely, although as you said, moderation is one of the best traits to be practiced by humanity. It means we should know how further we can push ourselves, while respecting our personal limits, and once we reach them, it's time to replace the "I don't have enough" mentality by the "I have enough, under my current conditions" mindset. I believe the conscience of having done the best we could have is what really matters in the end. That is what brings inner peace, fulfillment.

Those who persue the maximum, the pinnacle, the supremacy end only frustrating themselves and prejudicing their mental health, because there will be always someone one step ahead of you, and someone one step ahead of who is above you...

First, "I don't have enough" drives ambition. It motivates us to explore cryptocurrency and personal growth. Like you said, moderation is crucial. Finding that precise balance between ambition and contentment.

Bitcoin makes this balance even more dramatic. The bitcoin world is volatile and unclear, making 'enough' difficult. Combining financial and emotional intelligence is crucial. Remember that Bitcoin's value isn't just its market price, but its unique financial independence. This perspective helps us appreciate blockchain technology's broader ramifications rather than just accumulating.

"I have enough, under my current situations" liberates powerfully. It shows our ability to be happy with our accomplishments regardless of comparison. The goal is internal satisfaction, not Bitcoin money or outdoing others. In Bitcoin and personal finance, success is measured by the peace and fulfillment we feel in our financial decisions and path to get there.

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