How many bitcoins do I need to retire in 20 years? - page 118.

Amph

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Quote from: Barnabe on November 11, 2015, 04:23:47 AM

Quote from: Amph on November 11, 2015, 04:18:06 AM

Quote from: Callahan on November 10, 2015, 11:44:55 PM

I prefer retire in 5 years, how many BTC i need?

it always depend on how much you need to retire, if 1M than 100 btc at 10k, if more than you need to wait more

1k btc would do it better in most case, but only a few can have that amount now

1kBTC right now is worth more than 300k$
For many people is more than their lifetime savings. Do you think they trust bitcoin enough to put all their savings in it ?
I wouldn't.

well look at it from this point of view, if someone had 100k ins aving, and he need 1M to retire,he just need to wait for bitcoin to reach 1k, to be able to do so

Barnabe

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Quote from: Amph on November 11, 2015, 04:18:06 AM

Quote from: Callahan on November 10, 2015, 11:44:55 PM

I prefer retire in 5 years, how many BTC i need?

it always depend on how much you need to retire, if 1M than 100 btc at 10k, if more than you need to wait more

1k btc would do it better in most case, but only a few can have that amount now

1kBTC right now is worth more than 300k$
For many people is more than their lifetime savings. Do you think they trust bitcoin enough to put all their savings in it ?
I wouldn't.

Amph

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Quote from: Callahan on November 10, 2015, 11:44:55 PM

I prefer retire in 5 years, how many BTC i need?

it always depend on how much you need to retire, if 1M than 100 btc at 10k, if more than you need to wait more

1k btc would do it better in most case, but only a few can have that amount now

cptdome1

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Quote from: Callahan on November 10, 2015, 11:44:55 PM

I prefer retire in 5 years, how many BTC i need?

a lot, especially when the price keeps dropping

Callahan

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I prefer retire in 5 years, how many BTC i need?

Barnabe

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Quote from: leex1528 on November 10, 2015, 04:35:05 PM

Quote from: avw1982 on November 10, 2015, 12:33:32 PM

Quote from: plost24 on November 10, 2015, 04:05:57 AM

I think that 20 btc will be a great investment as the price for now is high and i m sure that after some years you will have a great profit Wink

and if we get lucky and the price go up to 1000 $ you will get 20000$ it will be cool :p

Yeah 20 btc can help you retire when the bitcoin price goes to 10,000$ or more, which can happen in the next 10 years, so try to buy and save as much Bitcoins as possible so that you can retire comfortably when you are about 40 to 50 years old

I really hope you are right I just personally don't see the price going that high in the next 10 years. If I am wrong I am wrong but that is such a large amount of increase in value over just a small period of time.

If mass adoption really happens it would not surpise me.
Things like bitcoin (and like many others in tech-related businesses) can skyrocket really fast if they become main-stream.

leex1528

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Quote from: avw1982 on November 10, 2015, 12:33:32 PM

Quote from: plost24 on November 10, 2015, 04:05:57 AM

I think that 20 btc will be a great investment as the price for now is high and i m sure that after some years you will have a great profit Wink

and if we get lucky and the price go up to 1000 $ you will get 20000$ it will be cool :p

Yeah 20 btc can help you retire when the bitcoin price goes to 10,000$ or more, which can happen in the next 10 years, so try to buy and save as much Bitcoins as possible so that you can retire comfortably when you are about 40 to 50 years old

I really hope you are right I just personally don't see the price going that high in the next 10 years. If I am wrong I am wrong but that is such a large amount of increase in value over just a small period of time.

avw1982

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Quote from: plost24 on November 10, 2015, 04:05:57 AM

I think that 20 btc will be a great investment as the price for now is high and i m sure that after some years you will have a great profit Wink

and if we get lucky and the price go up to 1000 $ you will get 20000$ it will be cool :p

Yeah 20 btc can help you retire when the bitcoin price goes to 10,000$ or more, which can happen in the next 10 years, so try to buy and save as much Bitcoins as possible so that you can retire comfortably when you are about 40 to 50 years old

AsaroUk

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If the bitcoin will stay around 300 you're going to need a bunch

It really depends on how the value of the bitcoin will increase

StevenLiang

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Quote from: leex1528 on November 06, 2015, 07:16:55 PM

Quote from: oblivi on November 06, 2015, 06:47:16 PM

Quote from: leex1528 on November 06, 2015, 06:27:08 PM

Quote from: tobacco123 on November 06, 2015, 04:38:52 PM

If bitcoin is still around in 20 years, I agree that 1-2 BTC will be sufficient for average living expenses for your retirement. However, medical expenses will be expensive and I guess 10-20 BTC should be able to do that.

So you are saying 11-22 BTC we will need? I highly think that is wrong. You think the average price of Bitcoin in 20 years will be 227,000 dollars per coin? ha.

Perfectly possible, only a small amount of fiat needs to enter the market. Look at this video called "is a $100.000 Bitcoin possible?"

https://www.youtube.com/watch?v=g2nXgK34HIM

So yeah, with 100K a Bitcoin and 22 BTC you would have more than 2 million dollars, enough to retire in a non expensive place and live off interests. Of course, anyone selling 100% of their Bitcoins for fiat is insane. So when you plan to retire just sell 50% and save the rest.

I doubt you will be able to retire with 2 million dollars in 20 years. And since you are keeping 50% you are trying to retire off of 1million dollars. Good luck with that. I am not saying 100,000 Bitcoin is not possible. I just don't think we will see it in 20 years.

Ha, i almost waste my time to watch 26minutes video.
Do not think too far for bitcoin. Satoshi Nakamoto surely on developing new way from blockchain technology. (in my opinion)

But hold bitcoin for now is quite good decision, just do not thing too big about it.

BitmoreCoin

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Quote from: FabioDelcatto on November 09, 2015, 05:16:10 AM

Waw! That is really a smart Idea to retire with 2 or more BTC.

I think I will buy some bitcoin for this plan.

If every user in this form buys 2 or more bitcoin, there is not enough bitcoin out there for us to buy. The price will go through the roof. Hope the price will not crash afterwards. Enjoy the dreams.

Erzatium

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it really depends on how fast and how high the bitcoin will raise in value

or you could try to calculate with how much the bitcoin is worth right now and see how much you need

Dwelach

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I wish I could retire now If I had 100BTC

But that is smart if you buy BTC now and wait for 20 years and get lucky that 1 BTC = 10.000 dollar.

Such a big dream and hope that will happend.

plost24

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I think that 20 btc will be a great investment as the price for now is high and i m sure that after some years you will have a great profit Wink

and if we get lucky and the price go up to 1000 $ you will get 20000$ it will be cool :p

ivanst776

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Quote from: nerFohanzo on November 05, 2015, 12:57:54 PM

Quote from: maincoin on November 03, 2015, 08:33:43 AM

My guess is 5 to 10 bitcoins. It will take a really long time before 1 bitcoin will be worth 1 mil

10 BTC is a really very good value to hold for the future as we believe that the value of bitcoins will reach the moon in coming years and if we talk about next 20 years then its too long to predict for, if we think of the short run like say next 5 to 10 years then I believe that it would definitely gain us profit out of it, So the picture would be very much clear in the next 5 years or so.

Well 10 BTC now costs around ~3800 dollars, if the price becomes x10 then there is a good profit. But i would suggest around 100BTC

n3rvi0zz0

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lets say in 20 years a solar storm brake all our systems and we cant produce anymore electricity, then bitcoin is totally worthless i mind, if you wanna be safe about your retirement open a big hole under your house and keep there dollars pounds gold and of course just in case a paper wallet Grin

.

Trusting just on bitcoin to deal with your future its a bad idea.

we can suppose a lot of things but in fact are this suppositions.

Bitcoin price in 20 can be 10000$ per coin but no more

FabioDelcatto

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Waw! That is really a smart Idea to retire with 2 or more BTC.

I think I will buy some bitcoin for this plan.

azguard

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Quote from: leex1528 on November 06, 2015, 06:27:08 PM

Quote from: tobacco123 on November 06, 2015, 04:38:52 PM

If bitcoin is still around in 20 years, I agree that 1-2 BTC will be sufficient for average living expenses for your retirement. However, medical expenses will be expensive and I guess 10-20 BTC should be able to do that.

So you are saying 11-22 BTC we will need? I highly think that is wrong. You think the average price of Bitcoin in 20 years will be 227,000 dollars per coin? ha.

ha nice guess if this may be but in that case one would be nice
two if need in some worst case

BitmoreCoin

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Quote from: leex1528 on November 06, 2015, 07:16:55 PM

I doubt you will be able to retire with 2 million dollars in 20 years. And since you are keeping 50% you are trying to retire off of 1million dollars. Good luck with that. I am not saying 100,000 Bitcoin is not possible. I just don't think we will see it in 20 years.

If bitcoin is still there in 20 years, it will be very big. It could be the first or second largest reserve currency. So $100k per bitcoin is possible.

leex1528

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Quote from: oblivi on November 06, 2015, 06:47:16 PM

Quote from: leex1528 on November 06, 2015, 06:27:08 PM

Quote from: tobacco123 on November 06, 2015, 04:38:52 PM

If bitcoin is still around in 20 years, I agree that 1-2 BTC will be sufficient for average living expenses for your retirement. However, medical expenses will be expensive and I guess 10-20 BTC should be able to do that.

So you are saying 11-22 BTC we will need? I highly think that is wrong. You think the average price of Bitcoin in 20 years will be 227,000 dollars per coin? ha.

Perfectly possible, only a small amount of fiat needs to enter the market. Look at this video called "is a $100.000 Bitcoin possible?"

https://www.youtube.com/watch?v=g2nXgK34HIM

So yeah, with 100K a Bitcoin and 22 BTC you would have more than 2 million dollars, enough to retire in a non expensive place and live off interests. Of course, anyone selling 100% of their Bitcoins for fiat is insane. So when you plan to retire just sell 50% and save the rest.

I doubt you will be able to retire with 2 million dollars in 20 years. And since you are keeping 50% you are trying to retire off of 1million dollars. Good luck with that. I am not saying 100,000 Bitcoin is not possible. I just don't think we will see it in 20 years.

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