Instead, ask yourself how much money you want to protect within the Bitcoin network.

The price of Bitcoin has been rising steadily over time. From a few cents in 2010, the price of Bitcoin has increased phenomenally to approach $60K now. I’m talking phenomenal increase here, but that’s the general public’s view of things.

If you take the time to read what early Bitcoiners have been publishing for years, you will realize that many had predicted such an increase over time.

Their predictions are proving to be more accurate every day. With Bitcoin’s programmatic monetary policy providing a clear and accurate picture of how the supply of BTC will change over time, it becomes easier to make predictions by building models.

While the proposed models should not be given more importance than necessary, they are interesting to know.

Now that Bitcoin has passed a market cap of $1 trillion, it seems obvious to everyone that the price of Bitcoin will reach $100K by the end of 2021. The next step is announced: Bitcoin will attack the market cap of gold, which is currently $10T.

This could allow the price of Bitcoin to approach $500K by the end of the decade.

The general public is asking two big questions right now:

• Is it too late to buy Bitcoin?
• How much BTC should I own?

For the first question, I have already answered it many times. The answer is clear: you can’t be too late with disruptive technology like Bitcoin, which only reaches 1% of the world’s population at the moment.

And again, I’m being kind here. Because of the 100 million people who own Bitcoin, only half of them at best really understand why Bitcoin exists. Many are likely to sell their BTC at a loss during the next corrections.

If you make the effort to really understand the why of Bitcoin and how Bitcoin works, then you will have an advantage over 99% of the world’s inhabitants when it comes to Bitcoin. The confidence you gain in the Bitcoin revolution will enable you to become a Bitcoin HODLer no matter what.

With a long-term view of Bitcoin, you will clearly be among those who will benefit the most in the future.

Your purchase of Bitcoin will allow you to regain control over the fruits of your labor. However, many ask how much BTC should they own?

Some tell you that the goal is to own at least 0.01 BTC to be a millionaire in the Bitcoin world. Indeed, with 0.01 BTC in your possession, you will have the equivalent of 1 million Satoshis, which is the smallest unit of Bitcoin.

In the future when talking in Satoshis rather than BTC will become the norm, many believe that owning 1 million Sat will make a big difference. The #StackSats movement that has been growing over the summer of 2019 on Twitter is meant to make you aware of this issue.

Others will tell you that you should aim to own at least 0.1 BTC. Finally, some will go so far as to tell you that you should aim for 1 BTC. With 1 BTC, you will be part of the 21 million club.

Since the maximum supply of Bitcoin is 21 million units, with 1 BTC in your possession, you will be one of the few people who can own 1 BTC out of 21 million BTC.

In my opinion, this question is irrelevant. You should not aim at a particular number. If you do, you are missing something in your understanding of Bitcoin. Bitcoin is not an investment, it is primarily a savings technology.

Better yet, Bitcoin is the best savings technology in the world.

You put the wealth you want to protect from the ravages of monetary inflation in a censorship-proof manner within the Bitcoin network. When the day comes that you need it, you’ll be pleased to know that the fruits of your labor have been protected by the Bitcoin system.

So there is no minimum or maximum amount of BTC you should own.

The only thing to consider is how much of your wealth you want to protect from the ravages of monetary inflation. Everyone will have a different answer to this question. For you, it may be $100 a month. For others, it may be $500 a month. And finally, for some, it will be all of their current savings that were held in U.S. dollars.

Everyone has different needs in this area, and Bitcoin can adapt to meet them perfectly.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.inbitcoinwetrust.net/how-much-btc-should-i-own-is-not-a-relevant-question-here-is-the-mindset-you-should-adopt-192572108524?source=rss——-8—————–cryptocurrency