Topic: How many bitcoins do I need to retire in 20 years? - page 11. (Read 320309 times)
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.
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$, well happy times for you!
50 is not enough actually, you need at least 100 BTC and in 20 years you can start saving now, regular saving is very important to accumulate a good number of bitcoin by 20 years and the amount or value will appreciate and that will be good for your investment, you will enjoy then.I disagree, it will totally depend on the price of bitcoin, if price goes higher then even 10 btc can take care of you at the time of retirement or else even 100 btc would not be enough.
I would personally advise you to get around 50 just to be safe. Although, there is no way i see bitcoin being anywhere over 10,000$ 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.
For me it would be enough and 1BTC but if bitcoin price will pump out to $1M each (which I highly doubt will happen)...
Lol, even if that happens he or anyone of us may wont be alive to see that because that is really not gonna happen so soon.
He would just need to accumulate around 100 bitcoins for getting retired so that he can spend them later on when the price would be quite reasonable.
The problem's that we never know when anything can happen and Bitcoin will fail. It's possible, we can see this anywhere around us. Disasters happening, taking the fear to a basically new level. The price went down as Bitfinex got hacked.. How are you so sure there is no hack going to take place anytime soon again?
For me it would be enough and 1BTC but if bitcoin price will pump out to $1M each (which I highly doubt will happen)...
Lol, even if that happens he or anyone of us may wont be alive to see that because that is really not gonna happen so soon.
He would just need to accumulate around 100 bitcoins for getting retired so that he can spend them later on when the price would be quite reasonable.
The amount of bitcoin you need depends on your standards of living and where you live, living in a Third World country in which you feel comfortable will be a lot cheaper than living in a first world country.
If bitcoin reaches 3K by the time you retire and you live in a country in which the average person can live with let's say 15K then you only need five coins per year if you retire by 60 and live another 20 years then you will need 100 coins.
If bitcoin reaches 3K by the time you retire and you live in a country in which the average person can live with let's say 15K then you only need five coins per year if you retire by 60 and live another 20 years then you will need 100 coins.
For me it would be enough and 1BTC but if bitcoin price will pump out to $1M each (which I highly doubt will happen)...
Then get more. If that is your prediction which you highly doubt, then why not make it 2M or 3M and so on. It aint that hard for now. There are many opportunities to earn it that are waiting.
For me it would be enough and 1BTC but if bitcoin price will pump out to $1M each (which I highly doubt will happen)...
I would personally advise you to get around 50 just to be safe. Although, there is no way i see bitcoin being anywhere over 10,000$ anytime soon at all. If they go up to 3-5k$, well happy times for you!
50 is not enough actually, you need at least 100 BTC and in 20 years you can start saving now, regular saving is very important to accumulate a good number of bitcoin by 20 years and the amount or value will appreciate and that will be good for your investment, you will enjoy then.
This is difficult to predict, and no one can actually predict the next 20 years. However, I could say 100 BTC, may be enough to have a good life.
As many as possible, I suggest. Many financial experts are predicting that bitcoin price will rise significantly in the nearest future, and I believe that bitcoin is one of the best investment opportunities available at the time.
I would personally advise you to get around 50 just to be safe. Although, there is no way i see bitcoin being anywhere over 10,000$ anytime soon at all. If they go up to 3-5k$, well happy times for you!
50 is not enough actually, you need at least 100 BTC and in 20 years you can start saving now, regular saving is very important to accumulate a good number of bitcoin by 20 years and the amount or value will appreciate and that will be good for your investment, you will enjoy then.It's something that's better than having to spend some of the money that we have to buy all of the bitcoin and save it. The reason is not necessarily what we think would be the right thing and it can only be determined on what will happen on the technology that will be created. So you're never too early to do it all, the most important is the life you helped by the existence of the bitcoin. If it is already being met then I think it will make you calm
There are so many permutation and combinations to apply to give the answer. Firstly will bitcoin exists til that time or will your country still accept it?
Also what is the value at that time will decide how mcuh btc you should be having and how money at that time you require.
Also what is the value at that time will decide how mcuh btc you should be having and how money at that time you require.
I would personally advise you to get around 50 just to be safe. Although, there is no way i see bitcoin being anywhere over 10,000$ 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.If you want to live comfortably in retirement, bitcoins are the wrong place to look. Check the history. They've been going down in value all year!
Invest in FacebookCoin or whatever it's going to be called, or maybe just invest in a low cost index fund (since you're talking 20 years down the road).
Invest in FacebookCoin or whatever it's going to be called, or maybe just invest in a low cost index fund (since you're talking 20 years down the road).
Umm, check the history? perhaps you can go back more than a few months? I think the overall return on Bitcoin has been pretty good. from a few cents to over $400 in a few year years? Has any investment in our lifetime been that good?
Facebookcoin? Really? You would trust hard earned money in an account with the kind of "security" Facebook is known for?
I would personally advise you to get around 50 just to be safe. Although, there is no way i see bitcoin being anywhere over 10,000$ anytime soon at all. If they go up to 3-5k$, well happy times for you!
50 is not enough actually, you need at least 100 BTC and in 20 years you can start saving now, regular saving is very important to accumulate a good number of bitcoin by 20 years and the amount or value will appreciate and that will be good for your investment, you will enjoy then.
I would personally advise you to get around 50 just to be safe. Although, there is no way i see bitcoin being anywhere over 10,000$ anytime soon at all. If they go up to 3-5k$, well happy times for you!
50 is not enough actually, you need at least 100 BTC and in 20 years you can start saving now, regular saving is very important to accumulate a good number of bitcoin by 20 years and the amount or value will appreciate and that will be good for your investment, you will enjoy then.
I would personally advise you to get around 50 just to be safe. Although, there is no way i see bitcoin being anywhere over 10,000$ anytime soon at all. If they go up to 3-5k$, well happy times for you!
The number of bitcoins will depend on the kind of life style you would want to live...you can consider using the bitcoins to set up your own company(s) maybe set up a family farm....The options are endless
otherwise between 100-10000 bitcoins things should be okay for a retired bitcoiner
Lol I think 10k bitcoin is the amount that is too large. I'm sure you will not reach that amount even if you use a variety of methods to be used within a period of 20 years. unless you're running a large business then it is a popular business and explode. you can become a millionaire from itotherwise between 100-10000 bitcoins things should be okay for a retired bitcoiner
It really depends on what price bitcoins will possess during those years, and if the OP decides to trade his coins or not.
If he does, then he might be able to live a great life as he would be opting for profits too, else just holding those 10k coins could even result in loss if interest of people gets out of bitcoins and price goes nowhere but down.
The number of bitcoins will depend on the kind of life style you would want to live...you can consider using the bitcoins to set up your own company(s) maybe set up a family farm....The options are endless
otherwise between 100-10000 bitcoins things should be okay for a retired bitcoiner
Lol I think 10k bitcoin is the amount that is too large. I'm sure you will not reach that amount even if you use a variety of methods to be used within a period of 20 years. unless you're running a large business then it is a popular business and explode. you can become a millionaire from itotherwise between 100-10000 bitcoins things should be okay for a retired bitcoiner
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