Post
Topic
Board Bitcoin Discussion
Re: How much btc do you need to secure your future?
by
Asuspawer09
on 07/03/2021, 19:27:56 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?


More than 10 bitcoin is already a big amount of money here in the Philippines, 10 bitcoin would be 24,549,998 million pesos. and it would be a big amount of money and probably would be more than enough to secure your future in the Philippines if you are not going to spend too much on luxurious things or something that is too expensive.

I mean you could easily just buy a 24million pesos house in the Philippines or you could just buy a probably 3million pesos house or something, but around 10 bitcoin is still great you could easily start businesses or invest again to gain much of a profit in the future.

So I think around 50 bitcoin would be the best bitcoin your gonna need to secure your future and at the same time live a luxurious life. Inflation is just like burning your money it just happened so fast.