How many bitcoins do I need to retire in 20 years? - page 110.

zodiac3011

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Quote from: Ulloa on December 01, 2015, 08:45:32 AM

Quote from: Denker on December 01, 2015, 07:51:29 AM

Quote from: inget on December 01, 2015, 03:39:20 AM

In my honest suggestion, try to get as much as you can.but at least 100 BTC.

Then go the the church and pray bitcoin will rise high.. very high.

Why go to church and pray? This conveys the impression that this person went all in Bitcoin.
That is a very risky game. I agree that accumulating as much as possible is a good advice.But only with affordable money I'd say!
Don't put all eggs in one basket!

Yeah bitcoin is not that safe after all maybe just 50% of the money as bitcoin and the other 50% to your personal bank.

Just to be safe.

that's still quite dangerous actually... How about inflation of the real fiat? That's will cause the value of real money to drop which be a problem. 20 years... who knows how much value the money you have saved lost?

Ulloa

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Quote from: Denker on December 01, 2015, 07:51:29 AM

Quote from: inget on December 01, 2015, 03:39:20 AM

In my honest suggestion, try to get as much as you can.but at least 100 BTC.

Then go the the church and pray bitcoin will rise high.. very high.

Why go to church and pray? This conveys the impression that this person went all in Bitcoin.
That is a very risky game. I agree that accumulating as much as possible is a good advice.But only with affordable money I'd say!
Don't put all eggs in one basket!

Yeah bitcoin is not that safe after all maybe just 50% of the money as bitcoin and the other 50% to your personal bank.

Just to be safe.

Denker

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Quote from: inget on December 01, 2015, 03:39:20 AM

In my honest suggestion, try to get as much as you can.but at least 100 BTC.

Then go the the church and pray bitcoin will rise high.. very high.

Why go to church and pray? This conveys the impression that this person went all in Bitcoin.
That is a very risky game. I agree that accumulating as much as possible is a good advice.But only with affordable money I'd say!
Don't put all eggs in one basket!

HarryKPeters

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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.

Omegasun

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Quote from: Most on December 01, 2015, 01:41:08 AM

d say 200 would get you in the safe side. Each should be worth $10k by then.

In 20 years, the price of each bitcoin will be over $100k, if bitcoin is still there. So with 100 bitcoin, you can retire happily.

inget

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In my honest suggestion, try to get as much as you can.but at least 100 BTC.

Then go the the church and pray bitcoin will rise high.. very high.

Amph

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Quote from: extrabyte on November 30, 2015, 04:52:51 PM

Since the number of bitcoins is being cut of 50% every 4 years the price will be increased everytime but 1,000BTC i think are enough.

by the look of this, i would increase my buying every 4 years until 2028 when the supply will be worthless to determinate the impact on the market

for every new stable price i would increase my price, so you see at 230 then now at 350, until the price is too high and i can not add many coins anymore

Most

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d say 200 would get you in the safe side. Each should be worth $10k by then.

extrabyte

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Since the number of bitcoins is being cut of 50% every 4 years the price will be increased everytime but 1,000BTC i think are enough.

Snipe85

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Quote from: Oscoda on November 30, 2015, 11:12:53 AM

Quote from: zodiac3011 on November 30, 2015, 08:13:05 AM

Quote from: Legoiniel on November 30, 2015, 08:06:09 AM

I wouldn't be able to answer this question since i don't really know what the value will be in 20 years.

I think it's hard to say for anyone and i don't anyone has a solid answer for this

yeah we just all sits here and speculate the amount Grin

but this might turn out to be correct! who knows Grin

it all depends on where you live and how bitcoin's adoption, the halvings, world events affect the price

Very true everyone saying 1 or 2 bitcoins other say 100 bitcoins or more, but actually you can't say it like that.

You don't know what the price well be.

It's not that hard to predict. If Bitcoin doesn't disappear completely its price will be higher than it is at the moment. So your retirement fund will be worth at least $400 per coin or $0.
If you're willing to invest it means you believe in the coin, so the mentioned 0 is not an option to you.

For me just 20 coins would be enough even if the price never goes above $500.

Oscoda

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Quote from: zodiac3011 on November 30, 2015, 08:13:05 AM

Quote from: Legoiniel on November 30, 2015, 08:06:09 AM

I wouldn't be able to answer this question since i don't really know what the value will be in 20 years.

I think it's hard to say for anyone and i don't anyone has a solid answer for this

yeah we just all sits here and speculate the amount Grin

but this might turn out to be correct! who knows Grin

it all depends on where you live and how bitcoin's adoption, the halvings, world events affect the price

Very true everyone saying 1 or 2 bitcoins other say 100 bitcoins or more, but actually you can't say it like that.

You don't know what the price well be.

Nameless Coin

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It depends if the bitcoin in 20 years is still good. But if it increase I will just have 100 BTC is a good amount of BTC.

W will see what happend in 20 years.

zodiac3011

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Quote from: Legoiniel on November 30, 2015, 08:06:09 AM

I wouldn't be able to answer this question since i don't really know what the value will be in 20 years.

I think it's hard to say for anyone and i don't anyone has a solid answer for this

yeah we just all sits here and speculate the amount Grin

but this might turn out to be correct! who knows Grin

it all depends on where you live and how bitcoin's adoption, the halvings, world events affect the price

Legoiniel

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I wouldn't be able to answer this question since i don't really know what the value will be in 20 years.

I think it's hard to say for anyone and i don't anyone has a solid answer for this

zodiac3011

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Quote from: sirohige on November 29, 2015, 11:41:11 PM

I think 100BTC is enough for retire in 20 years
you can buy anything, and you can life with your wife without think abot "job" you can waste your money Roll Eyes

you cannot if the price of bitcoin is about 1-2 thousand bucks Grin

you need some more... who knows whether you gonna caught a disease or something Grin

Supebox

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I think this depends if you're going to exchange your bitcoins or not. If not then you can retire right now. If you are going to exchange then it really just depends on the value of bitcoin in 20 years.

jt byte

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Quote from: sirohige on November 29, 2015, 11:41:11 PM

I think 100BTC is enough for retire in 20 years
you can buy anything, and you can life with your wife without think abot "job" you can waste your money Roll Eyes

Yeah that would be true but what is the price of Bitcoin than in 20 years.

We don't know so yeah asking this question is just diffcult.

azguard

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Quote from: neurotypical on November 27, 2015, 06:58:48 PM

I wouldn't count on living on Thailand, do you think that place is really safe to live on the daily even if it's really cheap? It would suck having to leave and live there as a foreigner knowing no one. I hope that in 10 years something around 20 BTC is enough to live off in a USA-EUR country (or some Japanese place if the radiation hasn't ruined everything by then)

you could be right on this considering everything that will happen in 10 years (2 halving at least) and some economic changes and so on
price can be big and you can retire

Duomo

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☃

This is a pretty debatable question but I would say anywhere from 50+ bitcoins would put you in a very good and comfortable situation. Since bitcoins are finite in number, once these bitcoins are mined and allocated to a certain number of people, you won't be able to acquire them as easily. I wouldn't be surprised if .01 = $100 in the next few years.

sirohige

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I think 100BTC is enough for retire in 20 years
you can buy anything, and you can life with your wife without think abot "job" you can waste your money Roll Eyes

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