Quote from: jerry0 on December 29, 2020, 06:32:55 AM

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?

We'll, just like you said, it is dependent on the country in which one is located. A US citizen might need more than 1btc at its current price to secure his future, however when you convert 1btc in dollars to other currencies especially African currencies, you'd realize it's a whole lot of money and it's enough to secure one's future
1btc is currently $33000
1btc in South African Rand is 502,000
1btc in Egyptian Pound is 520,000
1btc in Ghanaian Cedi is 193,000
1btc in Nigerian Naira is 12,000,000
These are huge amounts of money in these countries and are enough to set one up for life.