What's the amount that every Bitcoiner should own ?

lololhyip

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Quote from: OmegaStarScream on August 07, 2015, 10:26:23 AM

I'am not sure if some of you remember this website (It dosen't work anymore) : http://amifilthyrich.com (It's redirect to their original website 99bitcoins)

According to this when the website was used 7 months ago https://www.reddit.com/r/Bitcoin/comments/2pqiqh/i_am_filthy_rich/
It seems like 92% of Bitcoiners own less then one BTC . (I'am not even sure how that's calculated since some people spread their coins on different wallets and adresses and some of them have shitload of adresses empty)

So , from that ... I want to know how much do you think every bitcoin should be holding ? (Holding means not using it or spend it just keep it safe on Cold storage or PC or whatever without touching them)

The more the better.

vengeful

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if i can't save earth, i'll damn sure avenge it

I guess the minimum amount that a serious bitcoiner should hold should be atleast 5BTC. As it isn't too high so that it cannot be afforded and also many would agree that 1BTC is just a formality.

Pursuer

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Where is my ring of blades...

Quote from: 7788bitcoin on September 20, 2015, 09:33:50 PM

For me, at least 1 BTC. 2-3 BTC if you are a true believer. At the moment, I don't think it is easy to persuade most people to invest more than that.

I agree, I think it is a good idea for everybody to at least have 1 whole unit of bitcoin (1BTC) .
but if you are looking to have a nice profit in the future then you should have much more that this as much as you can afford to invest.

chennan

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Quote from: 7788bitcoin on September 20, 2015, 09:33:50 PM

For me, at least 1 BTC. 2-3 BTC if you are a true believer. At the moment, I don't think it is easy to persuade most people to invest more than that.

Well to be honest, for me, personally... it's incredibly hard for me to persuade ANYONE whom I know to invest in bitcoin at all. About a year ago I suggested to my friends and family to invest in bitcoin and provided reasons as to why. In short, my friends laughed at me and told me it's all hype and a bubble and will eventually fall on it's face to zero, and my family (all christians) said that if I were to invest in something of the sort, I would be "giving into the devil" and supporting what is fore told in the book of rapture that a global currency would take place.

*sigh* It's hard being a christian in the crypto community... Sad

7788bitcoin

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For me, at least 1 BTC. 2-3 BTC if you are a true believer. At the moment, I don't think it is easy to persuade most people to invest more than that.

RGBKey

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rgbkey.github.io/pgp.txt

I'm not sure there's an amount that every bitcoiner should own, but rather that all bitcoiners should be spending and receiving bitcoins to support a healthy ecosystem.

RussianRaibow

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I AM A SCAMMER

Quote from: gentlemand on September 20, 2015, 07:19:28 PM

Quote from: RussianRaibow on September 20, 2015, 06:56:45 PM

I disagree. 0.1m USD can give you a decent lifestyle in a first worldish country.

Most certainly. For a year or three. Then what?

It's a nice deposit on a mortgage or some epic travel. It's not setting you up for life but makes things a bit more comfortable.

Well. if you want to spend the whole life in Vegas, then it might be a problem. But, as you'll make it in BTC, you can move to countries like Brazil, Srilanka, Armenia, where you'll get good things when you spend well, but life is way cheaper. You may live compfortably in these countries with 0.1m USD equivalent BTC in your pocket.

gentlemand

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Welt Am Draht

Quote from: chennan on September 20, 2015, 07:27:36 PM

So if btc hit a hard increase in price at any point in the near future, people will wait till btc hits the price point of breaking even for them and then cash out (probable scenario I think.)

It might be another 2-3 years or never before such folks reached break even point. By then you'd probably have written it off in your mind.

If it's a dramatic rise then you'd be just as curious to see where it headed as frothy first time buyers. It's not just fresh buyers who get caught up in a rising hype.

And of course $100,000 seems deeply silly. Fun to think about all the same and I'm sure it would be a lengthy grind that shredded the hardest of nerves.

chennan

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Quote from: gentlemand on September 20, 2015, 07:19:28 PM

Quote from: RussianRaibow on September 20, 2015, 06:56:45 PM

I disagree. 0.1m USD can give you a decent lifestyle in a first worldish country.

Most certainly. For a year or three. Then what?

It's a nice deposit on a mortgage or some epic travel. It's not setting you up for life but makes things a bit more comfortable.

Well if it comes to 100K USD I think you are right that it could be used for something temporarily used, and not mean much... unless you cash out and invest into another business idea or endeavor...

But this dream about it becoming 100K sounds really ridiculous to me and honestly if that were to happen in the future, it's going to happen not in some sort of spurt but in a long dragged out process.

This is because people who invested into btc when it hit the 700-900 are pretty pissy right now because they're investment flunked hard. Some of them cashed out when it started to tank, but then some of those investors held on, hoping that it was a temporary decrease. So if btc hit a hard increase in price at any point in the near future, people will wait till btc hits the price point of breaking even for them and then cash out (probable scenario I think.)

But, as we all know, that's how any market works when btc is treated as a commodity rather than a currency.

gentlemand

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Welt Am Draht

Quote from: RussianRaibow on September 20, 2015, 06:56:45 PM

I disagree. 0.1m USD can give you a decent lifestyle in a first worldish country.

Most certainly. For a year or three. Then what?

It's a nice deposit on a mortgage or some epic travel. It's not setting you up for life but makes things a bit more comfortable.

feverpitch

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This is really stupid question.
Some of the threads here strike me as being made while someone is on social auto-pilot.

RussianRaibow

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I AM A SCAMMER

Quote from: gentlemand on September 20, 2015, 05:40:07 PM

If it got to $100,000 it would be amazing but that wouldn't be enough to set you up for anything in a first worldish country. A very sweet bonus all the same.

I disagree. 0.1m USD can give you a decent lifestyle in a first worldish country.

Quote from: gentlemand on September 20, 2015, 05:40:07 PM

21 is cool but I think we'd be shocked at how few outwardly successful people have that much spare money to throw at a theoretical future.

They actually do. They did for Berkshire Hathaway, they did for Apple, they are doing for Bitcoin as well...

vapourminer

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what is this "brake pedal" you speak of?

one percent of your disposable income

gentlemand

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Welt Am Draht

I really can't see one coin ever having enough buying power to be life changing within the lifetimes of the people posting on here, but it's still a worthwhile gamble.

If it got to $100,000 it would be amazing but that wouldn't be enough to set you up for anything in a first worldish country. A very sweet bonus all the same.

If you're broke one coin is currently achievable with a sig campaign in a relatively short time or you should be able to dig out enough old crap to sell to afford one.

21 is cool but I think we'd be shocked at how few outwardly successful people have that much spare money to throw at a theoretical future.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

I like the replies about 21 bitcoins, seams like a nice idea of being one in a million, but for people that can't set such amount aside, i would
say that 1 btc is a good start , or 2.1 even better. But anything under will not make you much of a profit, nor status.

AtheistAKASaneBrain

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Im pretty sure that to be a member of the winning team that makes it big time in 10 years, you need to be inside the 21 Bitcoin club. Own 21 BTC, wait 10 years, retire. That's all. It's just as simple. That's my moto. In the future when the power of Bitcoin is understood, holding 21 BTC will make you wake up on Jupiter the least expected day.

chennan

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It's really hard to say how much someone should own, because the possibilities are endless for bitcoin (whether good or bad). I say just invest little by little over a period of time and in no time you should have atleast .5BTC or 1BTC. As of right now, BTC is hovering over that $230 mark, which makes it a good time to invest... but at the same time, if you can just keep buying little by little with a small amount of money you can comfortably fork over, then I say you are good.

coinableS

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Quote from: lorylore on September 20, 2015, 02:47:41 PM

Quote from: centauribit on September 19, 2015, 10:49:29 PM

21 BTC... and be one in a million. You can continue on from there, but for most of us, being one in a million in regards to BTC is a fantastic benchmark.

Depending on the individual income, i would say starting with 1BTC.
And then increase it until 10 BTC, then until 21 BTC as centauribit said.
The higher the amount that we hold the higher the risk is.

21 is too much for many people. Only hold as much as you can afford to lose. I don't think many people have $4,800 just lying around as extra money.

I still think that 1 is the magic number. It's very affordable right now to many people around the globe and when bitcoin takes off in 2, 5, 10 years one bitcoin could be worth a fortune.

lorylore

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Quote from: centauribit on September 19, 2015, 10:49:29 PM

21 BTC... and be one in a million. You can continue on from there, but for most of us, being one in a million in regards to BTC is a fantastic benchmark.

Depending on the individual income, i would say starting with 1BTC.
And then increase it until 10 BTC, then until 21 BTC as centauribit said.
The higher the amount that we hold the higher the risk is.

ashour

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It really depends on your income, but I think that 0.1 sound reasonable for someone to hold.

Topic: What's the amount that every Bitcoiner should own ? (Read 4012 times)