Post
Topic
Board Bitcoin Discussion
Re: How much btc do you need to secure your future?
by
Smartprofit
on 07/01/2021, 16:47:14 UTC
Obviously this depends on where you are located.  Such as if you live in an expensive place in the US or Canada, then its a lot more than in other countries.  Also if you are young, middle age or older.



I always felt the number had to been minimum 10 if you asked me this years ago.  But now with news articles and videos saying btc true value is somewhere in the 300-400k range... well that 10 btc number certainly is a bit high.  I guess the number probably is minimum 5?  Then again you hear old videos where people say... just make sure you have just 1 bitcoin...as that is enough.  Thus if it goes to 1 million dollars... well that is a lot of money.  Even after taxes, that is a lot.   But when people say its half a million or a million, well then that number could drop to say 2 or even 3.



And i see many people on this forum talk about not having 1 btc and its their goal to get 1 btc.  Obviously back then, it was much easier with the low prices.  But now... anyone who wants 1 btc need to spend 25k... thats a ton of money for most people and most people don't even have that in their savings.  But for someone who is from the West... thus in the US or Canada... what number would you say that should be?  Of course it could be in a wealthy country in say Asia, Europe or Australia.  But you get my point.  I got to assume if you talking about 10 years down the road or more... it has to be minimum 5?  Or minimum 10?  Or is 10 a bit too high?


If you are young enough, then even 1 BTC will perfectly ensure your old age. 

The total supply of bitcoins is less than 21 million coins.  We can see that Bitcoin is the best investment in the last decade.  The new decade (2021-2030) is just beginning, but there is no doubt that the price of Bitcoin is showing excellent results so far. 

Periodic halvings reduce the amount of coins that come from miners.  Holders are reluctant to part with their Bitcoins, and institutional investors are eager to buy as many coins as possible. 

1 BTC will be great wealth in the near future ...