Post
Topic
Board Bitcoin Discussion
Re: How much btc do you need to secure your future?
by
btc78
on 02/05/2021, 12:22:07 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.


Exactly , because younger generation has tons of luxurious living in Mind while the older one is readying their funds for Medication and healthy Living  Wink

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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.
Even if the price of bitcoin stays in average of 30-40k yet 10 btc will be a huge amount in my country and enough for me to have a decent living till i retiire.


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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 we only knew this will come? i rather not spend all my Signature payments for more than 3 years now and that will worth more than 2 bitcoins