How many bitcoins do I need to retire in 20 years? - page 104.

funkenstein

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Quote from: Blue_Tiger73 on December 12, 2015, 11:34:23 PM

Quote from: funkenstein on December 12, 2015, 11:20:57 PM

You need zero bitcoins to retire in 20 years. You also need zero bitcoins to retire now.

Simply say to yourself, "I have nothing to do, nothing interests me" and lie down and do nothing. Congratulations on your retirement.

What the hell is this. This makes absolutely no sense. He wants to retire with some money, you know that right?

No I don't know that. So you're saying the question is "how much money do I need to have some money?" ?

The question is broken any way you look at it. Just retire if that's what you want to do. If you have something else you want to do that requires some assets, then figure out how to get them and do it.

Blue_Tiger73

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Quote from: funkenstein on December 12, 2015, 11:20:57 PM

You need zero bitcoins to retire in 20 years. You also need zero bitcoins to retire now.

Simply say to yourself, "I have nothing to do, nothing interests me" and lie down and do nothing. Congratulations on your retirement.

What the hell is this. This makes absolutely no sense. He wants to retire with some money, you know that right?

Blue_Tiger73

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You would probably need around 10 Bitcoin at the rate that it is going. 10 Bitcoin will be worth a lot in 20 years.

funkenstein

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You need zero bitcoins to retire in 20 years. You also need zero bitcoins to retire now.

Simply say to yourself, "I have nothing to do, nothing interests me" and lie down and do nothing. Congratulations on your retirement.

European Central Bank

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Isn't this thread more of a roundabout way to guess future values? Anyway I would balance what was attainable now with future gains. I would go for 75-100 coins. That might be incredible overkill but that not gonna hurt, right?

bitcoin-hunter

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Quote from: HarryKPeters on December 12, 2015, 01:13:07 PM

For an first world country you would need more offcourse. For me i think getting 100 bitcoin would safeguard a very wealthy pension.
Offcourse i save money on my pension on other plans too. Never bet on 1 horse

Yeah that might be true that 100 bitcoin is safe to have in 20 years.
Just don't forget that bitcoin can go low also so always have a back up plan just don't do all your money in to bitcoin.
But good plan is really nice I hope in the future bitcoin will increase.

HarryKPeters

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For an first world country you would need more offcourse. For me i think getting 100 bitcoin would safeguard a very wealthy pension.
Offcourse i save money on my pension on other plans too. Never bet on 1 horse

azguard

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Quote from: n691309 on December 12, 2015, 08:51:48 AM

Quote from: zodiac3011 on December 12, 2015, 08:26:04 AM

you can work in real life and use the money you earned to buy BTC as the price of bitcoin will surely increase there's nothing to worry about at all Grin

For now it is good because the price is as we want increasing but when the price decreases then it's not good, but at the end its like investing in bitcoin for a better profit, for now i think 200btc maybe will help retiring.

200 may be little more will be better
but who can predict economy in 20 years
i would like that 1 btc be enought but that will be impossible

jt byte

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It depends on where you live and how much bitcoin will be worth for yo in 20 years. Some bitcoin owners are able to pay their monthly bills with only collecting satoshi.

n691309

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Quote from: Amph on December 12, 2015, 10:05:03 AM

Quote from: n691309 on December 12, 2015, 08:59:08 AM

Quote from: zodiac3011 on December 12, 2015, 08:55:13 AM

Quote from: n691309 on December 12, 2015, 08:51:48 AM

Quote from: zodiac3011 on December 12, 2015, 08:26:04 AM

you can work in real life and use the money you earned to buy BTC as the price of bitcoin will surely increase there's nothing to worry about at all Grin

For now it is good because the price is as we want increasing but when the price decreases then it's not good, but at the end its like investing in bitcoin for a better profit, for now i think 200btc maybe will help retiring.

yeah because you just buy some with bitcoin so yeah you still have some savings in fiat Grin

Retiring requires lots of money in real life but also in bitcoin, we can't guarantee that the bitcoin price will be 1million but higher than now probably.

maybe it will be one million, but the point is that it require a very long time, so there is possibility that you're died long before it happen, for whatever reason not only natural death

one cannot certainly wait forever for the price to increase, there is a certain time frame to respect

I think that we mostly care as long as we are alive and want to see the price at that target but retiring with BTC1 - BTC10 is not enough

MRKLYE

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This is entirely dependent on what BTC prices look like in 20 years. BTC could be worth a fortune or nothing... All depending on what sort off issues BTC faces in the future and what new technology emerges in the next few years. My prediction is that BTC will be replaced by something faster and more secure and user friendly which will help in mass adoption. I guess we will see what the future holds. It's encredibly hard to call due to the fact our technology is evolving rapidly and not converged on moore's law yet.

Amph

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Quote from: n691309 on December 12, 2015, 08:59:08 AM

Quote from: zodiac3011 on December 12, 2015, 08:55:13 AM

Quote from: n691309 on December 12, 2015, 08:51:48 AM

Quote from: zodiac3011 on December 12, 2015, 08:26:04 AM

you can work in real life and use the money you earned to buy BTC as the price of bitcoin will surely increase there's nothing to worry about at all Grin

For now it is good because the price is as we want increasing but when the price decreases then it's not good, but at the end its like investing in bitcoin for a better profit, for now i think 200btc maybe will help retiring.

yeah because you just buy some with bitcoin so yeah you still have some savings in fiat Grin

Retiring requires lots of money in real life but also in bitcoin, we can't guarantee that the bitcoin price will be 1million but higher than now probably.

maybe it will be one million, but the point is that it require a very long time, so there is possibility that you're died long before it happen, for whatever reason not only natural death

one cannot certainly wait forever for the price to increase, there is a certain time frame to respect

zodiac3011

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Quote from: n691309 on December 12, 2015, 08:59:08 AM

Quote from: zodiac3011 on December 12, 2015, 08:55:13 AM

Quote from: n691309 on December 12, 2015, 08:51:48 AM

Quote from: zodiac3011 on December 12, 2015, 08:26:04 AM

you can work in real life and use the money you earned to buy BTC as the price of bitcoin will surely increase there's nothing to worry about at all Grin

For now it is good because the price is as we want increasing but when the price decreases then it's not good, but at the end its like investing in bitcoin for a better profit, for now i think 200btc maybe will help retiring.

yeah because you just buy some with bitcoin so yeah you still have some savings in fiat Grin

Retiring requires lots of money in real life but also in bitcoin, we can't guarantee that the bitcoin price will be 1million but higher than now probably.

the reward in 20 years may be really low so the value of bitcoin can be expected to be a little bit high Grin

along with mass adoption I think Grin

n691309

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Quote from: zodiac3011 on December 12, 2015, 08:55:13 AM

Quote from: n691309 on December 12, 2015, 08:51:48 AM

Quote from: zodiac3011 on December 12, 2015, 08:26:04 AM

you can work in real life and use the money you earned to buy BTC as the price of bitcoin will surely increase there's nothing to worry about at all Grin

For now it is good because the price is as we want increasing but when the price decreases then it's not good, but at the end its like investing in bitcoin for a better profit, for now i think 200btc maybe will help retiring.

yeah because you just buy some with bitcoin so yeah you still have some savings in fiat Grin

Retiring requires lots of money in real life but also in bitcoin, we can't guarantee that the bitcoin price will be 1million but higher than now probably.

zodiac3011

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Quote from: n691309 on December 12, 2015, 08:51:48 AM

Quote from: zodiac3011 on December 12, 2015, 08:26:04 AM

you can work in real life and use the money you earned to buy BTC as the price of bitcoin will surely increase there's nothing to worry about at all Grin

For now it is good because the price is as we want increasing but when the price decreases then it's not good, but at the end its like investing in bitcoin for a better profit, for now i think 200btc maybe will help retiring.

yeah because you just buy some with bitcoin so yeah you still have some savings in fiat Grin

n691309

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Quote from: zodiac3011 on December 12, 2015, 08:26:04 AM

you can work in real life and use the money you earned to buy BTC as the price of bitcoin will surely increase there's nothing to worry about at all Grin

For now it is good because the price is as we want increasing but when the price decreases then it's not good, but at the end its like investing in bitcoin for a better profit, for now i think 200btc maybe will help retiring.

Denker

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Quote from: knowhow on December 11, 2015, 03:57:47 PM

Quote from: Amph on December 09, 2015, 03:03:56 AM

Quote from: knowhow on December 08, 2015, 06:58:50 PM

I dont believe that bitcoin can make anyone milionaire todays,or tomorrow even having something like 100 or 1000bitcoins but well sure can be a great investment and return.

well 1k bitcoin can easily, turn you millionaire, right now you would already have a nice 420k, with 1k per price you are owning 1 million already

and there are many thta own that amount among the rich list

Sure i got your point but where can i earn 1000btc nowadays?Invest into miner equipment?Dice or gambling?Without skills its almost impossible to reach 1k bitcoins,lets say signature we earn 1 btc montly ,soo would take an entire life to achieve such ammount;its possible to be buying all months some part or even 1btc but if bitcoins dont achieve any value above 500? The predictions put bitcoin into the sky,but one thing i learned into crypto world : you never know what may happen on the next day.

Earning 1000BTC today as a normal guy with a average monthly salary is impossible with the actual price.
Dice or gambling should be done for fun.Not to increase your stash!This could end in a desaster. Buy what you can afford.That's all you can do.Or get a second job.There are several ways how you could earn some extra money which you can use to buy Bitcoin.
But 1000BTC is very unlikely as long as you will not be a lucky guy and win the lottery.

zodiac3011

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Quote from: knowhow on December 11, 2015, 03:57:47 PM

Quote from: Amph on December 09, 2015, 03:03:56 AM

Quote from: knowhow on December 08, 2015, 06:58:50 PM

I dont believe that bitcoin can make anyone milionaire todays,or tomorrow even having something like 100 or 1000bitcoins but well sure can be a great investment and return.

well 1k bitcoin can easily, turn you millionaire, right now you would already have a nice 420k, with 1k per price you are owning 1 million already

and there are many thta own that amount among the rich list

Sure i got your point but where can i earn 1000btc nowadays?Invest into miner equipment?Dice or gambling?Without skills its almost impossible to reach 1k bitcoins,lets say signature we earn 1 btc montly ,soo would take an entire life to achieve such ammount;its possible to be buying all months some part or even 1btc but if bitcoins dont achieve any value above 500? The predictions put bitcoin into the sky,but one thing i learned into crypto world : you never know what may happen on the next day.

you can work in real life and use the money you earned to buy BTC as the price of bitcoin will surely increase there's nothing to worry about at all Grin

Amph

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Quote from: knowhow on December 11, 2015, 03:57:47 PM

Quote from: Amph on December 09, 2015, 03:03:56 AM

Quote from: knowhow on December 08, 2015, 06:58:50 PM

I dont believe that bitcoin can make anyone milionaire todays,or tomorrow even having something like 100 or 1000bitcoins but well sure can be a great investment and return.

well 1k bitcoin can easily, turn you millionaire, right now you would already have a nice 420k, with 1k per price you are owning 1 million already

and there are many thta own that amount among the rich list

Sure i got your point but where can i earn 1000btc nowadays?Invest into miner equipment?Dice or gambling?Without skills its almost impossible to reach 1k bitcoins,lets say signature we earn 1 btc montly ,soo would take an entire life to achieve such ammount;its possible to be buying all months some part or even 1btc but if bitcoins dont achieve any value above 500? The predictions put bitcoin into the sky,but one thing i learned into crypto world : you never know what may happen on the next day.

no it's better to not gamble, at best offer some service to earn more bitcoin on top of those that you can buy every week/month etc...

bitcoin is increasing now, therefore i see no reason to doubt that we will increase even farther, some retracement are expected, but the final outcome is clear already

knowhow

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Quote from: Amph on December 09, 2015, 03:03:56 AM

Quote from: knowhow on December 08, 2015, 06:58:50 PM

I dont believe that bitcoin can make anyone milionaire todays,or tomorrow even having something like 100 or 1000bitcoins but well sure can be a great investment and return.

well 1k bitcoin can easily, turn you millionaire, right now you would already have a nice 420k, with 1k per price you are owning 1 million already

and there are many thta own that amount among the rich list

Sure i got your point but where can i earn 1000btc nowadays?Invest into miner equipment?Dice or gambling?Without skills its almost impossible to reach 1k bitcoins,lets say signature we earn 1 btc montly ,soo would take an entire life to achieve such ammount;its possible to be buying all months some part or even 1btc but if bitcoins dont achieve any value above 500? The predictions put bitcoin into the sky,but one thing i learned into crypto world : you never know what may happen on the next day.

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