How many bitcoins do I need to retire in 20 years? - page 10.

gerXhonza

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Quote from: CroIsBest on September 02, 2016, 05:09:29 PM

To retire your body from work in 20 years you should telll us from which country you are because then it is more easy to say you how much money you ned to retire yourself.I need billions of dollars to retire myself.

Yes it will depend on which country you are living in and what is the cost of living, if you are from 3rd world country then I think even 50 btc will take best care of your retirement.

CroIsBest

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To retire your body from work in 20 years you should telll us from which country you are because then it is more easy to say you how much money you ned to retire yourself.I need billions of dollars to retire myself.

Corenin

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Quote from: wxa7115 on September 02, 2016, 02:12:11 PM

Quote from: Blackmet on September 01, 2016, 03:44:12 PM

It's very huge amount of money, cause retiring means you will not recive money anymore,and i can't understand why you want to retire when you can create you own buisness.

That depends, if you have a good job then you will receive a pension if you add bitcoin on top of that, then you could have a really good amount of money in order to retire.

In my country pension is available only for Government servants and not in any private company so not all can take benefits of it, but yes bitcoin can help them even after retirement.

wxa7115

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Quote from: Blackmet on September 01, 2016, 03:44:12 PM

It's very huge amount of money, cause retiring means you will not recive money anymore,and i can't understand why you want to retire when you can create you own buisness.

That depends, if you have a good job then you will receive a pension if you add bitcoin on top of that, then you could have a really good amount of money in order to retire.

angryswamp

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Quote from: Blackmet on September 01, 2016, 03:44:12 PM

It's very huge amount of money, cause retiring means you will not recive money anymore,and i can't understand why you want to retire when you can create you own buisness.

thats true, you would need a lot of money in order to be able to retire, if i were you i think i would aim to something like 100 bitcoins

JeffBrad12

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You don't need for calculating the BTC is you need for retire in 20 years but you need running funding like a business and you no need feeling doubt about that . but just waste your time for calculating how many BTC for make you can retire that is just waste your time. that is simple but a lot of people is making this cases with difficult answer.

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Quote from: Zooplus on September 01, 2016, 10:19:16 PM

Quote from: PaymyBills on September 01, 2016, 08:35:28 PM

monthly invest a sum of a pension fund and the same amount in btc , and may do so :
You pay $ 500 per month to the pension fund .
for btc calculate 500 * 24 months , totaling $ 12k invested in btc .
I think it's a good way to retire in 20 years .

That is just my salary in my full time job, I cannot risk all that amount because I have a family to support. I do invest but I only used part of my earnings online but I am sure it will not be that much. But I will try to reach that amount as I also want to have a good savings in the future.

Invest 12 btc in a year,, seems good but everything can happen in 20 years since we can't know for sure about future.
If the price keep increasing just like years before, we can guess the price of bitcoin would be around $5-10k/btc. Hope it works that way, so everyone could get nice profits.

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Quote from: Kyhm on September 01, 2016, 11:39:54 PM

Buy at least 10 btc, but make it sure you have other income when you get retired so you do not depend on that, because we do not know if the value of bitcoin now will be the same or get higher in the future or after 20 years, better to be wise, don't depend your life to that bitcoin..

What if we do not have that amount of money that we can use to buy bitcoins now, I think that would not work unless we are doing it by installment. I know majority of the people here cannot afford to directly buy that amount and others are just saving for it.

Kyhm

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Buy at least 10 btc, but make it sure you have other income when you get retired so you do not depend on that, because we do not know if the value of bitcoin now will be the same or get higher in the future or after 20 years, better to be wise, don't depend your life to that bitcoin..

Zooplus

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Quote from: PaymyBills on September 01, 2016, 08:35:28 PM

monthly invest a sum of a pension fund and the same amount in btc , and may do so :
You pay $ 500 per month to the pension fund .
for btc calculate 500 * 24 months , totaling $ 12k invested in btc .
I think it's a good way to retire in 20 years .

That is just my salary in my full time job, I cannot risk all that amount because I have a family to support. I do invest but I only used part of my earnings online but I am sure it will not be that much. But I will try to reach that amount as I also want to have a good savings in the future.

PaymyBills

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monthly invest a sum of a pension fund and the same amount in btc , and may do so :
You pay $ 500 per month to the pension fund .
for btc calculate 500 * 24 months , totaling $ 12k invested in btc .
I think it's a good way to retire in 20 years .

trickshot22

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Quote from: skylighters on September 01, 2016, 01:54:10 PM

Quote from: mirakal on August 30, 2016, 02:50:22 AM

Quote from: Wong_Djadoel on August 30, 2016, 02:38:01 AM

I would personally advise you to get around 50 just to be safe. Although, there is no way i see bitcoin being anywhere over 10,000$ anytime soon at all. If they go up to 3-5k$, well happy times for you!

50 is not enough actually, you need at least 100 BTC and in 20 years you can start saving now, regular saving is very important to accumulate a good number of bitcoin by 20 years and the amount or value will appreciate and that will be good for your investment, you will enjoy then.

even 100 bitcoins wouldnt be enough in my opinion you would need like a thousand or something like that

well we cannot tell that for sure because the price is unpredictable and it might grow a lot so maybe even 20 bitcoins would be enough

junder

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do you want to hold them for 20 years?
its good for you, I'm sure the price of bitcoin in 20 years later is too high
If you have a lot of bitcoin you can be rich.

jerowacik

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at least we need probably 100 BTC. I'm sure with the number of bitcoin as much as we can invest and earn more money. 20 years is a very long time and we have to prepare everything carefully.

MingLee

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Quote from: uname on September 01, 2016, 06:42:40 PM

Quote from: skylighters on September 01, 2016, 01:54:10 PM

Quote from: mirakal on August 30, 2016, 02:50:22 AM

Quote from: Wong_Djadoel on August 30, 2016, 02:38:01 AM

I would personally advise you to get around 50 just to be safe. Although, there is no way i see bitcoin being anywhere over 10,000$ anytime soon at all. If they go up to 3-5k$, well happy times for you!

50 is not enough actually, you need at least 100 BTC and in 20 years you can start saving now, regular saving is very important to accumulate a good number of bitcoin by 20 years and the amount or value will appreciate and that will be good for your investment, you will enjoy then.

even 100 bitcoins wouldnt be enough in my opinion you would need like a thousand or something like that

yeah agree of course it will not be enough. let alone in the future course of the year the cost of living would be very expensive. Of course you need more bitcoin for survival

Well based on the rate of inflation you can estimate how much it is going to cost every year from there on out, assuming that nothing changes much. the main thing that can be a huge issue unforeseen events such as quantitative easing and so which seriously devalue your currency and aren't always know to the public, aside from when they're about to happen.

uname

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Quote from: skylighters on September 01, 2016, 01:54:10 PM

Quote from: mirakal on August 30, 2016, 02:50:22 AM

Quote from: Wong_Djadoel on August 30, 2016, 02:38:01 AM

I would personally advise you to get around 50 just to be safe. Although, there is no way i see bitcoin being anywhere over 10,000$ anytime soon at all. If they go up to 3-5k$, well happy times for you!

50 is not enough actually, you need at least 100 BTC and in 20 years you can start saving now, regular saving is very important to accumulate a good number of bitcoin by 20 years and the amount or value will appreciate and that will be good for your investment, you will enjoy then.

even 100 bitcoins wouldnt be enough in my opinion you would need like a thousand or something like that

yeah agree of course it will not be enough. let alone in the future course of the year the cost of living would be very expensive. Of course you need more bitcoin for survival

mark coins

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Quote from: SmartIphone on September 01, 2016, 06:06:15 PM

Quote from: tygeade on September 01, 2016, 05:21:16 PM

Quote from: SmartIphone on September 01, 2016, 05:05:08 PM

Quote from: Alley on April 28, 2014, 01:04:32 PM

Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?

This question is very tricky because we don't know or don't have the knowledge to predict after 20 years what will happen with the internet neither with the bitcoin.
I think that you should count a million dollar equivalent in bitcoin, so around 2,000BTC or more I think should be enough.

If you are a bitcoiner then there is no age limit for retirement, you can earn bitcoin till you are alive, so if you get retire from full time job then you can get full time in bitcoins after that.

When you get retired sometimes means that you are not able to work anymore so bitcoin is just money that is for the work we do, so just a kind of money.
Thinking from now about the retirement is a bit early but at least thousands of bitcoin at current value should be enough but who know what price will have bitcoin after 20 years.

Earning bitcoin doesn't involve any physical efforts, you can easily earn it by sitting at home in front of computer so I will keep on earning bitcoins even if I get retired and older.

SmartIphone

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Quote from: tygeade on September 01, 2016, 05:21:16 PM

Quote from: SmartIphone on September 01, 2016, 05:05:08 PM

Quote from: Alley on April 28, 2014, 01:04:32 PM

Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?

This question is very tricky because we don't know or don't have the knowledge to predict after 20 years what will happen with the internet neither with the bitcoin.
I think that you should count a million dollar equivalent in bitcoin, so around 2,000BTC or more I think should be enough.

If you are a bitcoiner then there is no age limit for retirement, you can earn bitcoin till you are alive, so if you get retire from full time job then you can get full time in bitcoins after that.

When you get retired sometimes means that you are not able to work anymore so bitcoin is just money that is for the work we do, so just a kind of money.
Thinking from now about the retirement is a bit early but at least thousands of bitcoin at current value should be enough but who know what price will have bitcoin after 20 years.

tygeade

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Quote from: SmartIphone on September 01, 2016, 05:05:08 PM

Quote from: Alley on April 28, 2014, 01:04:32 PM

Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?

This question is very tricky because we don't know or don't have the knowledge to predict after 20 years what will happen with the internet neither with the bitcoin.
I think that you should count a million dollar equivalent in bitcoin, so around 2,000BTC or more I think should be enough.

If you are a bitcoiner then there is no age limit for retirement, you can earn bitcoin till you are alive, so if you get retire from full time job then you can get full time in bitcoins after that.

SmartIphone

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Quote from: Alley on April 28, 2014, 01:04:32 PM

Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?

This question is very tricky because we don't know or don't have the knowledge to predict after 20 years what will happen with the internet neither with the bitcoin.
I think that you should count a million dollar equivalent in bitcoin, so around 2,000BTC or more I think should be enough.

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