How many bitcoins do I need to retire in 20 years? - page 116.

Amph

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Quote from: leex1528 on November 18, 2015, 12:27:49 PM

Quote from: Amph on November 18, 2015, 10:16:59 AM

Quote from: btckold24 on November 18, 2015, 06:09:09 AM

hopefully btc is so high from halving in 20 years that we dont even use 1 btc but instead fractions Tongue

i doubt, to retire you need 1M at least or 500k, even if bitcoin would reach 1M per coin a fraction of it let's say 0.1 or 0.01 are not enough to retire in any case

If you want to live on the streets and be poor, yes you need 1 Million to retire. If you want to have a decent life you probably are looking around 3-5 million. You are going to need more than 100 coins in order to get that amount. Good luck!

what no... i need only 5k per year to live in a decent house with a decent life, so 500k is more than enough for me

you need 3-5 million if you want to hire whores every night...

CryptoBjorn

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Well 20 years is a long time you can buy 0.5 BTC every 3 months.

And with that you can retire. Maybe over 20 years BTC is 1500USD plus.

leex1528

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Quote from: Amph on November 18, 2015, 10:16:59 AM

Quote from: btckold24 on November 18, 2015, 06:09:09 AM

hopefully btc is so high from halving in 20 years that we dont even use 1 btc but instead fractions Tongue

i doubt, to retire you need 1M at least or 500k, even if bitcoin would reach 1M per coin a fraction of it let's say 0.1 or 0.01 are not enough to retire in any case

If you want to live on the streets and be poor, yes you need 1 Million to retire. If you want to have a decent life you probably are looking around 3-5 million. You are going to need more than 100 coins in order to get that amount. Good luck!

Denker

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Quote from: Xeelee on November 18, 2015, 01:58:26 AM

I'm not sure if Bitcoin will have additional 20 years. Is it not possible to destroy the Bitcoin with quantum computing?
Than other projects that are quantum computing resistant will probably take the lead.

First of all quantum computing is not that close to come as some may think.
And secondly there is the possibility to switch to another hash algo if needed.
I wouldn't worry too much about that.

Amph

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Quote from: btckold24 on November 18, 2015, 06:09:09 AM

hopefully btc is so high from halving in 20 years that we dont even use 1 btc but instead fractions Tongue

i doubt, to retire you need 1M at least or 500k, even if bitcoin would reach 1M per coin a fraction of it let's say 0.1 or 0.01 are not enough to retire in any case

USB-S

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Quote from: Braeron on November 13, 2015, 09:00:45 AM

Yust buy 2 BTC a year and if you are lucky that BTC increase in 20 years.

Than you have a awesome retirement.

Why just 2 BTC ? if in 20 years bitcoin price $10k and you just have 2 Btc, and many people have a lot bitcoin there you will regret not having many bitcoin. Tongue

I say buy as much as you can, Bitcoin is pretty much here to stay now. The value of bitcoin isn't going down in the long run. As for bitcoin being $10k a pop in 20 years. I think you don't think you know how many times bitcoin has doubled in price in the last five years. I mean it started being worth nothing and now it has grew to $300 a pop. That's just in five years. If the same pattern continues, I think that we'll all be rich boys.

RealPhotoshoper

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lets see bitcoin price now,its almost $300 and more,depending that price,you need 200BTC and more,for 20 years,it will very enough if bitcoin price year to year is going up,touch until $500 per bitcoin,but if bitcoin price going down year to year,you need more bitcoin.
just take a middle,if bitcoin price stagnant,than you need 500BTC for 20 year.

btckold24

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hopefully btc is so high from halving in 20 years that we dont even use 1 btc but instead fractions Tongue

Dr.Osh

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I have to prepare as much as possible bitcoin for the next 20 years, maybe I need is 100 BTC if the price of BTC at the time it was over $ 1,000 and if the financial world remains normal as it is now

azguard

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Quote from: bitcoin-hunter on November 17, 2015, 11:19:03 AM

Get 1BTC per 2 months and I thing in 20 year you can retire peacefully Cheesy

Actually that is a great idea to do.

new suggestion buy 1 every month for one whole year you will get rich for 20 years if holding

bering

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if see the current price i think you will need at least 3000 btc or more for your 20 years retired probably for some people that amount is pretty much
but 20 years is not a short time

shane

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maybe you need only 1bitcoin

if you sure bitcoin rate can up to $100.000 Roll Eyes

but i prefered you to save ~50btc

Xeelee

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I'm not sure if Bitcoin will have additional 20 years. Is it not possible to destroy the Bitcoin with quantum computing?
Than other projects that are quantum computing resistant will probably take the lead.

AtheistAKASaneBrain

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A good motivation for long term holders is looking at Warren Buffet long term investments, that guy was a beast of buy and hold and it paid off every single time. If you invested with Buffet in Berkshire Hathaway in 1964, your $1,000 would be $10.5 million now. He also invested in Coke when it was 3$ a share, and still holds his stock years later which is worth billions.

bitcoin-hunter

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Get 1BTC per 2 months and I thing in 20 year you can retire peacefully Cheesy

Actually that is a great idea to do.

n2004al

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Quote from: Pab on November 14, 2015, 08:40:12 PM

20 years from now.Nice you are young.I tell you good Richard Branson quote
Future is now and future is crazy.But if your retirements depends on amount of bitcoin ,you will end up with nothing,becouse btc or anything else is not you

Wish you to discover that

What kind of meaning can have such sentences? Seems like some of those are the words told by Confucius and the second ones can be attributed to Buda. But at least they both are figures respected and adored by to many people. So even are not understood, who cares. No one interpret their thoughts. Or interpret as everyone want. But here, telling such things, seems a little strange for who read those. We are at bitcointalk where we all discuss about inventions. Which have nothing to do with the above figures. Here the people want reasonable things not accumulated together and then written in a post words.

Me for example wanted to understand those (I am attracted by the difficult or/and deep thoughts) and I read your post more than ten times. But have understand nothing. This made me to think that or am I who have brain problems or are you who in the moment when has write this post was drunk.

Who will comment this my post and your post to be understood who have right between me and you?

Pab

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20 years from now.Nice you are young.I tell you good Richard Branson quote
Future is now and future is crazy.But if your retirements depends on amount of bitcoin ,you will end up with nothing,becouse btc or anything else is not you

Wish you to discover that

Sir_lagsalot

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Well, it depends where I live. Recently, a study revealed that in Sydney, Australia, you need 2 million to retire safely. Holy crap. 1 million is a hard thing to see.

Id say about 1-10 thousand bitcoin will be sufficient for me Cheesy

BitmoreCoin

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Quote from: oblivi on November 14, 2015, 02:26:34 PM

Quote from: Braeron on November 13, 2015, 09:00:45 AM

Yust buy 2 BTC a year and if you are lucky that BTC increase in 20 years.

Than you have a awesome retirement.

This will not work. You have to start accumulating now that it's cheap as hell. Someone with a decent job should be able to buy at least 1 BTC monthly at current price. One must keep on pushing monthly to buy ideally at least 1 entire BTC.

In a couple of years, this will not be possible anymore, due the price increase.

Buying one bitcoin a month is not difficult for somebody with a decent job. It is like a saving scheme. Over the years, you can buy fewer and fewer each month when the price rise.

oblivi

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Quote from: Braeron on November 13, 2015, 09:00:45 AM

Yust buy 2 BTC a year and if you are lucky that BTC increase in 20 years.

Than you have a awesome retirement.

This will not work. You have to start accumulating now that it's cheap as hell. Someone with a decent job should be able to buy at least 1 BTC monthly at current price. One must keep on pushing monthly to buy ideally at least 1 entire BTC.

In a couple of years, this will not be possible anymore, due the price increase.

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