Are there people believe that they can live from interest only? Speaking about fiat money big interest means inflation. I think that you can understand. As of passive income yes if passive we mean to have buildings and rent apartments without the need to lift my finger or something similar like to write a book once and after that publishers pay royalties to translate it in different languages and so on.
Receiving high returns from your investments does not have anything to do with high interest rates, it has to do with how fast you can grow your capital and how much money you need so you can live comfortably out of it. 
Topic: How high would Bitcoin price have to be for you to live off Bitcoin? (Read 3272 times)
January 09, 2017, 08:36:55 PM
January 08, 2017, 02:14:09 PM
Many wealthy people can live off the interest of the money they have in the bank,or other passive income, How high would Bitcoin price have to be for you to live off Bitcoin?
With respect to the amount of bitcoins right now I am holding, I just need $ one million price levels for one bitcoin to make a living out of it. Yes, still I am stating this price levels based on the passive income I could generate by using bank interests. According to my country bank interest-rate, I just need two million fiats for the better living here. 
January 08, 2017, 02:10:53 PM
i think bitcoin is already very high to the mark i was expecting it to be. but then i thought the more the better and the more its price increases the morw people can divide it up and the more users using it the more the price will become stable
January 08, 2017, 02:00:32 PM
Actually this question is not relevant for me because the great volatility of bitcoin and the great uncertainty about its future prevent me from planning my retirement in terms of bitcoin. Since I am not a young man I need to be serious in this matter, and that is why all my plans are basically set in terms of ordinary currencies.
January 08, 2017, 07:32:49 AM
Well, how DO you live off Bitcoin, even if you had an amount of coins if there are no interests to be earned? At one point, all your bitcoins are spent unless the price really shoots up to insane highs. Not everyone is able to start a bitcoin business or has a viable business idea, or the programming skills to do so. Seems to be that investing with bitcoin is incredibly hard to do since you cannot just send the coins to someone you trust on the internet just hoping she/he will pay you back with interest.
January 07, 2017, 11:45:25 PM
The real people living off bitcoin own bitcoin companies and making pretty good money too but individually
i see bitcoin as a source of petty cash
i see bitcoin as a source of petty cash
Exactly, it is an extra income for me, but my extra income is closer to my salary in fiat currency.But for me as the OP question my satisfaction for me to leave bitcoin, my answer is NO, I will never leave bitcoin especially in the near future, it will rise and continue rising so why leave?
January 07, 2017, 10:59:06 PM
only $1mln would be sufficient price
January 07, 2017, 10:42:28 PM
The real people living off bitcoin own bitcoin companies and making pretty good money too but individually
i see bitcoin as a source of petty cash
i see bitcoin as a source of petty cash
Exactly, it is an extra income for me, but my extra income is closer to my salary in fiat currency.But for me as the OP question my satisfaction for me to leave bitcoin, my answer is NO, I will never leave bitcoin especially in the near future, it will rise and continue rising so why leave?
January 05, 2017, 10:17:39 AM
Are there people believe that they can live from interest only? Speaking about fiat money big interest means inflation. I think that you can understand. As of passive income yes if passive we mean to have buildings and rent apartments without the need to lift my finger or something similar like to write a book once and after that publishers pay royalties to translate it in different languages and so on.
January 05, 2017, 01:53:00 AM
I will say I need at least 0.5 BTC to pay off all of my daily need with the rate of 1000$, and for me it is still to hard to find 0.5 a month so it is still to hard to live only depending on bitcoin and because there are no bitcoin bank, so I can't rely on interest to earn, and rely on inventing also not an option because the profit can be up and down
Banks are the worse way to get interest. Investing is a good option and yes the profit can go up and down but in the long run it goes up if it is a good investment. Or you can try some altcoins. I need a out the same amount of money as you per month as well.
January 04, 2017, 09:24:09 PM
I look at this from another angle. I would rather focus on the amount of bitcoins you would need to have to sustain your wealth. Let's take a simple example : If you own 1000 bitcoins and you trade for profit and double the investment every year, then you will still have 1000 bitcoins after a year and 100% interest on your investment. What bank gives that kind of interest?
This was possible with Bitcoin in 2016. I bought at $400+ at the beginning of 2016 and I sold 50% of those coins at $1010 to take some profit and to have floating fiat, when the price drops to be in a position to buy again at a cheaper rate.
The more coins you have, the higher the profit under the right conditions. Just remember that this was a good year for us.
This is a nice strategy and one I will keep in the back of my head currently I cannot apply it but I will in the future since the price of bitcoin it is very high right now and it does not seem like such a good time to buy. This was possible with Bitcoin in 2016. I bought at $400+ at the beginning of 2016 and I sold 50% of those coins at $1010 to take some profit and to have floating fiat, when the price drops to be in a position to buy again at a cheaper rate.
The more coins you have, the higher the profit under the right conditions. Just remember that this was a good year for us.
January 04, 2017, 02:01:09 AM
It actually doesn’t really matters for me (yes it affects my trade decisions and other stuff) but since I am love with this technology, I don’t expect the price to remain $1,000 forever because as an economics student I know it won’t remain like that forever. It all depends on demand and supply mechanism so I won’t hit arrow in the air with any amount.
January 04, 2017, 01:29:49 AM
$20,000.00/BTC for a very modest living for me.
Yeah. That is probably the right price for me to completely live off Bitcoin. The price would also have to be extremely stable like the price of gold. Otherwise I would be investing my money and then just be losing it day by day. The time is also not right to be living off Bitcoin as not many stores accept it. January 04, 2017, 01:21:26 AM
I look at this from another angle. I would rather focus on the amount of bitcoins you would need to have to sustain your wealth. Let's take a simple example : If you own 1000 bitcoins and you trade for profit and double the investment every year, then you will still have 1000 bitcoins after a year and 100% interest on your investment. What bank gives that kind of interest?
This was possible with Bitcoin in 2016. I bought at $400+ at the beginning of 2016 and I sold 50% of those coins at $1010 to take some profit and to have floating fiat, when the price drops to be in a position to buy again at a cheaper rate.
The more coins you have, the higher the profit under the right conditions. Just remember that this was a good year for us.
This was possible with Bitcoin in 2016. I bought at $400+ at the beginning of 2016 and I sold 50% of those coins at $1010 to take some profit and to have floating fiat, when the price drops to be in a position to buy again at a cheaper rate.
The more coins you have, the higher the profit under the right conditions. Just remember that this was a good year for us.
January 03, 2017, 07:54:59 PM
about $147,000,000, my 0.008 BTC would be worth something then.
Yo, I'm in da same boat. I don't zactly know how y'all could live offa bitcoin without sellin' it. Y'all could live offa stocks and that sorta thang, 'cause they pay dividends an' give you caish flow. I s'ppose if bitcoin hit $1million I could sell some an' live offa dat fo' a short minute. I don' wanna sell dough. January 02, 2017, 09:43:08 PM
for me the problem is not how much the price, but how much can i get in bitcoin if im full live in bitcoin.
in mid 2014 i can earn 0.2-0.4btc per week from trading altcoin,giveaway, etc. but today is very hard to get 0.1 week from altcoin trade, the price of bitcoin rising everyday, and altcoin price down again, my last trade i lost 0.8btc, and now i stop it
in mid 2014 i can earn 0.2-0.4btc per week from trading altcoin,giveaway, etc. but today is very hard to get 0.1 week from altcoin trade, the price of bitcoin rising everyday, and altcoin price down again, my last trade i lost 0.8btc, and now i stop it
January 02, 2017, 09:24:23 PM
about $147,000,000, my 0.008 BTC would be worth something then.
Yo, I'm in da same boat. I don't zactly know how y'all could live offa bitcoin without sellin' it. Y'all could live offa stocks and that sorta thang, 'cause they pay dividends an' give you caish flow. I s'ppose if bitcoin hit $1million I could sell some an' live offa dat fo' a short minute. I don' wanna sell dough. January 02, 2017, 08:28:54 PM
about $147,000,000, my 0.008 BTC would be worth something then.
Yo, I'm in da same boat. I don't zactly know how y'all could live offa bitcoin without sellin' it. Y'all could live offa stocks and that sorta thang, 'cause they pay dividends an' give you caish flow. I s'ppose if bitcoin hit $1million I could sell some an' live offa dat fo' a short minute. I don' wanna sell dough. January 02, 2017, 08:00:50 PM
I would say 2500$ per bitcoin would be enough for me because 10000$ per bitcoin is too high because the transaction fee will be around 10k - 20k sat which will be around 1$ +
if you have enough inputs it already is $1+. They've adjusted the fee before. they'd better do it again because i can't see many people paying $10 per transaction right now.
January 02, 2017, 09:45:39 AM
I cannot calculate how much I need to live off it for the length of my life because I don't even know how much will I live for. But I can calculate one year approximately. To live off Bitcoin for one year I'd need 4BTC just for survival. This means around $200 for food per month and $150 for monthly bills. This is the worst scenario - for a moderate living I'd need around 6-7BTC. Sounds like nothing, but this is real. The 4BTC could turn into luxury living with the price rising so fast though!
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