Re: Buy the DIP, and HODL!

How many Bitcoins are enough for a person is a subjective thing. For a person like me who hails from South Asia, 5 Bitcoins will be sufficient but a person living in USA or EU has different criteria of enough Bitcoin.

Once you figure out how much you need, then it is no longer subjective. If you say that you want an income of $20k per year right now, then that would be right around 4-5 bitcoin, like you mentioned, and if you need $80k per year of income starting now, then you need 17.166 BTC and if you have 1 or 2 more BTC, then you have enough of a cushion to feel confident that you are always withdrawing from the overaccumulated amount rather than at any point selling too much BTC too soon.

So the first thing we need to do is to figure out how much bitcoins are sufficient for us? I have done that work, 4 to 5 Bitcoins are good enough for me based on my geography where I live. Likewise everyone of us must figure out how much Bitcoins will be good enough for everyone of us.

I think that part of my earlier attempted point is that the amount that you need likely remains a moving target. If you feel that you need 4-5 bitcoin today, then that likely would not be a very accurate calculation if you might have ONLY accumulated 1.5 Bitcoin, and so you are quite a ways from the goal, and so if you are thinking that you will be able to accumulate 4-5 bitcoin in the future - like maybe 10-15 years from now, and so far in your bitcoin journey (let's say nearly 3 years), you have ONLY accumulated 1.5 BTC, then it could be quite difficult to reach 4-5 bitcoin in the next 10-ish years.

The goal is to accumulate as much bitcoin as we can if it means surpassing our target where we can within the time bond we gave ourself. The accumulation target should always be one that looks daring to attain within the time-frame of about 10 years, for instance, you can project towards accumulating 6 bitcoin in 10 years meanwhile you're sure of going realistic with 4 by that time of the year. It could propel you to go aggressive and meeting your actual target while chasing for 6. In other sense, we should always set bigger targets than the exact.