How many bitcoins do I need to retire in 20 years? - page 108.

Apened

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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.

knowhow

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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.

graphBuddy

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around 300 bitcoins are enough in my country and with the current btc price Cheesy

lindin99

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You can't be sure of that since BTC has already proven to be unpredictable, currently having 3000 BTC can be enough for a US citizen but BTC is unpredictable and it can double or halve in price in just a day so it's better to use it as an extra investment rather than the main money saving.

chanlance

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Quote from: samanas on December 04, 2015, 05:50:53 PM

If bitcoin get used widely, and it becomes main stream gradually, the price could rise 40% a year. It will rise 1000 times in 20 years. If you think $5m is comfortable for retirement, you can buy $5000 coins, or 14 in today's money.

i agree with you on this............it needs more players on the blockchain to gain value

samanas

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If bitcoin get used widely, and it becomes main stream gradually, the price could rise 40% a year. It will rise 1000 times in 20 years. If you think $5m is comfortable for retirement, you can buy $5000 coins, or 14 in today's money.

Nimbulan

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well its really hard to tell that now as nowadays the price of bitcoin is really unpredictable and fluctuates a lot though in my opinion you will need a lot of it it depends on how much money do you need in order to retire but i guess that something like 100 bitcoins would be really enough

knowhow

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There isnt a limit related to bitcoin value,one thing is well knowed when the mine ends ,that most sugest being 100 more years,the demand and supply should take action,and remember that people is collecting and paying fortunes for things that arent produced anymore like old car,old is similiar to extra value,the same way people collect money old and pay a price above the real value,with bitcoin we will see this happen.I believe that for me that im near the 30 years old something like 200 bitcoins would be enought to me to retire with the current value of 350 dollars if it goes above sure less coins.

Mr. Forum

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I could not advice you to take such like move when it comes to bitcoins. My recommendation s to be able to invest the bitcoins in a way that you are able to have them generate revenue on a monthly basis and this will serve you well during retirement. Invest more coins if at all your target for the retirement is also huge. Make sure that the coins is not idle. Just trade around and make sure that the returns are consistent and worth your investment capital.

JamesPPM

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Depends on bitcoin price in 20 years, if it's in the thousands league then this isn't a tough task at all but if it's in the hundreds or even lower then it would be much more difficult, it also depend on where you live, for example in 3rd world countries 50,000 dollars would be more than enough but for a 1st world country that isn't. I'm more on the side that bitcoin price will increase and I think for a US or EU resident around 500 bitcoin will do with a BTC price of $1,000

Blawpaw

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Assuming that bitcoin will prevail, the only way I see its price is going UP. If that so happens in twenty years Bitcoin will have beaten the $10k barrier. In this sense if you have about 50 coins you can retire without any hussles

zodiac3011

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Quote from: LuckyYOU on December 04, 2015, 11:05:47 AM

Quote from: zodiac3011 on December 03, 2015, 12:47:55 PM

Quote from: spirit of btc on December 03, 2015, 10:17:17 AM

I would like to retire with a bungalow ,luxury cars and 200 BTC, I dont know what BTC will be in next 25 years but I hope it will make me a millioniare

yeah with 500BTC you can be easily a millionaire I think

It's possible but it really depends on how and fast bitcoin will grow and adapt to other users.

I'm hoping for bitcoin to be at a stable $1000 in the next 2 to 3 years

Yeah adoption rate can make big difference in bitcoin price Grin

However in my opinion I can expect it to be at 1000-2000 after the next halving (excluding this one)

LuckyYOU

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Quote from: zodiac3011 on December 03, 2015, 12:47:55 PM

Quote from: spirit of btc on December 03, 2015, 10:17:17 AM

I would like to retire with a bungalow ,luxury cars and 200 BTC, I dont know what BTC will be in next 25 years but I hope it will make me a millioniare

yeah with 500BTC you can be easily a millionaire I think

It's possible but it really depends on how and fast bitcoin will grow and adapt to other users.

I'm hoping for bitcoin to be at a stable $1000 in the next 2 to 3 years

Denker

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Quote from: vilain on December 03, 2015, 02:30:56 PM

One should never consider a single currency or investment tipe when it comes to retirement. Diversify, people!

True!
All eggs in one basket is quite risky!
Therefore go with metals, some cryptos and maybe some good solid stocks as well!
But if someone doesn't have that much money, let's for example $1500, why shouldn't this person invest that in Bitcoin only?
With $1500 there is not much space for a spread.
Bitcoin is having from all actual investment opportunities the biggest potential.
With the actual rate this would be round about 4 BTC. If this baby really takes off one day that could be some nice amount of money.

vilain

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One should never consider a single currency or investment tipe when it comes to retirement. Diversify, people!

zodiac3011

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Quote from: spirit of btc on December 03, 2015, 10:17:17 AM

I would like to retire with a bungalow ,luxury cars and 200 BTC, I dont know what BTC will be in next 25 years but I hope it will make me a millioniare

yeah with 500BTC you can be easily a millionaire I think

spirit of btc

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I would like to retire with a bungalow ,luxury cars and 200 BTC, I dont know what BTC will be in next 25 years but I hope it will make me a millioniare

STT

legendary

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^^ Dont over invest in anything. You could buy something as sensible as a house but a tornado comes and then you dont have it anymore. Bitcoin as your whole pension would be kinda crazy and even a gamble that pays can be called bad from the beginning and thats probably the best answer. Hold 1 or 2 long term, because if the currency grows to last twenty years that will be alot when a 100 million or so are competing to use this as their currency, hold some gold, some land and invest in a reasonable business also as part of a pension

anthonydar

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★CryptoGamesFX.com★

Quote from: bearex on December 02, 2015, 04:56:25 PM

Nothing to say really. You might lose everything you buy Cheesy

There is such a possibility. But I think bitcoin has great future, the price will rise over time due to adoption in daily usage.

Newcoins2020

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Quote from: Amph on December 03, 2015, 04:33:10 AM

Quote from: Hashminers on December 02, 2015, 04:09:14 PM

Quote from: richardsNY on December 02, 2015, 03:38:04 PM

Quote from: HarryKPeters on December 01, 2015, 05:27:08 AM

100 BTC is a solid answer. I guess my current aim of 50BTC in 2016 is on the low side.

Let's hope the price goes back to 320 again so we can accumulate.

100 Bitcoins will indeed be enough when the price hits at least $3000 per coin. Some even think the price will hit at least $10,000 per coin. That makes it $1,000,000 in total retirement value. That's simply perfect for most people.

To perfect :/ because 10.000 dollar is way to much maybe around 2.500 dollar is what I can think that bitcoin will reach as the max.
Maybe I can be wrong. Just lets wait some people who retire with bitcoin explain theres experiences.

there is no such thing as a limit with bitcoin, it can go to 100k or to zero in some few years(5-10 at least), why people keep thinking that we cannot even sustain 10k in value is behind me

we faced a 1200 peak in 2013, and this was two years ago, so 2.5 now would be a joke, as i see it anyone that believe in bitcoin should stash up 10 btc at least for the future

Maybe so, lets say that will reach. What will happend to the banks or other who hates bitcoin? I am just curious.
I would love to see this happening in the future. So that my bitcoin is worth it after all.

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