How many bitcoins do I need to retire in 20 years? - page 107.

Oscoda

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Quote from: zivone on December 07, 2015, 10:46:18 AM

That depends on your situation 20 years later. Basing on the price now, 100 BTC is fair enough if you have 3 to 4 months more left to live after 20 years. Grin

Well with 100BTC = 39.800 dollars. I think you can live for a year in Europa or America.
For asian people that is just enough money for 2 years or more I think.

zivone

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That depends on your situation 20 years later. Basing on the price now, 100 BTC is fair enough if you have 3 to 4 months more left to live after 20 years. Grin

tn211

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Quote from: zodiac3011 on December 07, 2015, 10:04:01 AM

Quote from: azguard on December 07, 2015, 07:24:48 AM

Quote from: Denker on December 06, 2015, 07:13:43 AM

Quote from: michietn94 on December 05, 2015, 09:17:09 PM

I think you need more than 1000 btc,

yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$

And if you do calculate the inflation rate, i think that number should be enough for normal living

We might see $1000 in the next 12-24 months.
If Bitcoin will be $1000 in 20 years I can tell you that this experiment has failed!
In 2 decades I expect at least 5 figures!
Furthermore how much coins you will need to retire also depends from where do you live, what kind of lifestyle your prefer and a few things more. Therefore it will be very distinct how much coins someone will need to have a good and enjoyable life.

with 5 figures in price in 20 years i would be great to have at least 10, but with 100 would be great retirement

but 5 figures is a hard achievement for bitcoin in my opinion, somewhat impossible

That might be true that is a hard achievement, but it is not impossible.
I am just happy that bitcoin can be 5.000 dollars with in 20 years. That would be a high achievement for bitcoin.
If bitcoin the highest is 5.000 dollars and the end and it is stable than I would be happy with that.

zodiac3011

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Quote from: azguard on December 07, 2015, 07:24:48 AM

Quote from: Denker on December 06, 2015, 07:13:43 AM

Quote from: michietn94 on December 05, 2015, 09:17:09 PM

I think you need more than 1000 btc,

yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$

And if you do calculate the inflation rate, i think that number should be enough for normal living

We might see $1000 in the next 12-24 months.
If Bitcoin will be $1000 in 20 years I can tell you that this experiment has failed!
In 2 decades I expect at least 5 figures!
Furthermore how much coins you will need to retire also depends from where do you live, what kind of lifestyle your prefer and a few things more. Therefore it will be very distinct how much coins someone will need to have a good and enjoyable life.

with 5 figures in price in 20 years i would be great to have at least 10, but with 100 would be great retirement

but 5 figures is a hard achievement for bitcoin in my opinion, somewhat impossible

Nameless Coin

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Quote from: azguard on December 07, 2015, 07:24:48 AM

Quote from: Denker on December 06, 2015, 07:13:43 AM

Quote from: michietn94 on December 05, 2015, 09:17:09 PM

I think you need more than 1000 btc,

yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$

And if you do calculate the inflation rate, i think that number should be enough for normal living

We might see $1000 in the next 12-24 months.
If Bitcoin will be $1000 in 20 years I can tell you that this experiment has failed!
In 2 decades I expect at least 5 figures!
Furthermore how much coins you will need to retire also depends from where do you live, what kind of lifestyle your prefer and a few things more. Therefore it will be very distinct how much coins someone will need to have a good and enjoyable life.

with 5 figures in price in 20 years i would be great to have at least 10, but with 100 would be great retirement

Yeah 5 figures that will be really nice and I think it will be around 5 figures in 20 year.
To be 10 figures mayebe 30 years or 40 years. We will see what will happend to bitcoin in 20 years.

azguard

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Quote from: Denker on December 06, 2015, 07:13:43 AM

Quote from: michietn94 on December 05, 2015, 09:17:09 PM

I think you need more than 1000 btc,

yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$

And if you do calculate the inflation rate, i think that number should be enough for normal living

We might see $1000 in the next 12-24 months.
If Bitcoin will be $1000 in 20 years I can tell you that this experiment has failed!
In 2 decades I expect at least 5 figures!
Furthermore how much coins you will need to retire also depends from where do you live, what kind of lifestyle your prefer and a few things more. Therefore it will be very distinct how much coins someone will need to have a good and enjoyable life.

with 5 figures in price in 20 years i would be great to have at least 10, but with 100 would be great retirement

tn211

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Quote from: CrimBit on December 07, 2015, 05:23:51 AM

10bitcoin is enough buy it now and save it

That can be enough, but we don't know what the price will be in 20 years.
For me I just buy little amounts of bitcoin to be safe and wait for a revolution of bitcoin that it rise.
Maybe all people who have a 10 bitcoin will be millionair in the future Tongue

Searing

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Clueless!

I'm hoping 100 or so BTC....I think I can squeak mining past that point before end of life (ie doorstop) on the knc titan(s) (2 of them)....ie LTC to BTC or so is the plan.

If it all goes 'tulips' and beanie babies in the future (20 years) just think of all the BTC you could mine...when the difficulty tanked at that 2c btc price

(hey I'm in the nursing home in 20 years..they have taken all my stuff away..my processions will consist of 1 ratty bathrobe, a tooth brush, slippers ....and my paper wallet

in the old safety deposit box with a usb drive....so I hope BTC is worth big bucks..if not awe hell ...large btc hoard is still better and more tidy then collecting cats in my old age and
hopefully by that time ..even if it is worth nothing I will have forgotten

We will see......

CrimBit

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10bitcoin is enough buy it now and save it

helloeverybody

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Not to sounds like a killjoy but I can't see Bitcoin making the 2 0 year mark. I'm not saying cryptocurrency won't, just that btc will most likely be replaced by something better. In which case even satoshi wouldn't be able to cash out in 20 years.

Amph

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Quote from: michietn94 on December 05, 2015, 09:17:09 PM

I think you need more than 1000 btc,

yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$

And if you do calculate the inflation rate, i think that number should be enough for normal living

1000 are $400k, no one can invest that amount as it is today, aside from rich people, that in this case do not need bitcoin to retire

so that amount is not reasonable

BillyBobZorton

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Quote from: michietn94 on December 05, 2015, 09:17:09 PM

I think you need more than 1000 btc,

yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$

And if you do calculate the inflation rate, i think that number should be enough for normal living

In 20 years it's impossible that it's only 1000$, 1000$ is nohing in the long term. It will either be $0 or $100.000++ or something in between. It's all or nothing.

n691309

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Since less than 30% of the total bitcoins are held by only 40 people i doubt that anything below 100BTC will make you reacher, consider 1000s

CoinSkipper

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The number everyone hopes for is 1. But in reality, I think at most, bitcoin will go up to $100,000 a piece. But even then, something would be very wrong with the economy. To expensive to be stable. I'd say about 21 at least

BTCevo

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Quote from: michietn94 on December 05, 2015, 09:17:09 PM

I think you need more than 1000 btc,

yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$

And if you do calculate the inflation rate, i think that number should be enough for normal living

$1million is just for a normal living? What a rich guys here Grin

. Anyway people are always wandering thing about getting bitcoin in just 20 years or something but I think it will never be why. Let say that you earn 1 btc each month, 1 years is 12 months so you will get 12 btc and in 20 year you will only 240btc. Only if you can get 1 btc per month. but in average I saw people tend to get let say 0.4 from sig campaign, trading around 0.1 per month. That means only 0.5 per month so in 20 years you will have only 120 btc. I havent calculate about emergency cost and other things

johnsmith1964

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I would say the more bitcoins you have the more you are cushioned. So say a good retirement will require plenty of money..... say $10 million dollars for a very comfortable lifestyle to pay for everything healthcare travel etc, so 30,000 bitcoins at roughly todays value. This may seem excessive but it is better to have more than less.

OmegaStarScream

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Quote from: michietn94 on December 05, 2015, 09:17:09 PM

I think you need more than 1000 btc,

yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$

And if you do calculate the inflation rate, i think that number should be enough for normal living

If it's the case then I guess we can say that bitcoin was a failure (if we speak about the price part) . the price you just mentioned should be expected little bit the halving block reward or after it and shouldn't be that long . In 20 years It will be much more since there will be more halving block rewards !

Denker

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Quote from: michietn94 on December 05, 2015, 09:17:09 PM

I think you need more than 1000 btc,

yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$

And if you do calculate the inflation rate, i think that number should be enough for normal living

We might see $1000 in the next 12-24 months.
If Bitcoin will be $1000 in 20 years I can tell you that this experiment has failed!
In 2 decades I expect at least 5 figures!
Furthermore how much coins you will need to retire also depends from where do you live, what kind of lifestyle your prefer and a few things more. Therefore it will be very distinct how much coins someone will need to have a good and enjoyable life.

michietn94

legendary

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I think you need more than 1000 btc,

yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$

And if you do calculate the inflation rate, i think that number should be enough for normal living

Nameless Coin

sr. member

Activity: 308

Merit: 250

Quote from: Apened on December 05, 2015, 04:11:50 PM

Quote from: knowhow on December 05, 2015, 03:50:47 PM

The bad thing on the retirement project into bitcoins is that we dont know the price that can be bitcoin tomorrow soo thinking into 20 years ,sure its a long time and bitcoin can be worthing less then todays or even much more then before the fact is todays 200 btc would be enought to retire for me.

I have the different opinion. We do not the price of bitcoin next year, but we know the price will rise next decade if the adoption is increased through the years.

That is also not true, we just don't know what will happen in the future.

With bitcoin everthing can happen. You can't just say that bitcoin will rise in the next decade.

But I am also prety sure that bitcoin might just be increasing in the next decade, because of the new generations of people that will know about bitcoin and will use it.

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