JayJuanGee
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How much alt coin diversification is needed? 0%?


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March 06, 2019, 09:44:26 PM

I think that three or more meets the definition of multi-,but hey what do I know.  Double digits is some way higher levels, that's for sure.  The 21 club is becoming more and more prestigious, too.

I don’t like to know how many bitcoin’s other people have, it doesn’t interest me but I think lots in this thread are 21 club members.

The one where you need 1 000 000 btc?  Roll Eyes

21 or more bitcoin’s
I'd much prefer to be in the 1mil btc club, only a handful of others coin join.

then you would have a roger ver complex.

There is no need to attempt to have that level of control or that level of filthy richness, unless you have some kind of insecurities.

Of course, running a business might be another thing. Recall that at one point, the Winkelvi Bros had proclaimed to have a goal to own 1% of the total BTC, and I think that they had been assessed to owning more than 100k BTC.  Of course, they had put some of those coins as collateral in their ETF applications, so in terms of having business aspirations, there may be some utility in squirreling a lot of BTCs.. but for regular people, it is difficult to imagine scenarios in which you would need to accumulate more than 10,000BTC.. and still be projected as filthy rich.... even though currently, with such holdings, you may be only bordering on filthy rich....

Even 100BTC is likely to cause a decently good cushion in the future, even though right now, such holdings might not be enough to give up the day job.. even though 1000BTC would likely be enough for most regular people to currently give up their day job and to weather any downturn, including a possibility that BTC could drop below $2k in the coming year (probably less than a 40% chance, currently).