How many bitcoins do I need to retire in 20 years? - page 12.

Adwoif

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Quote from: Bitcoin Phoenix on April 28, 2014, 01:15:52 PM

Personally, I am buying as much as I can, but not more than I can afford to loose. If the landscape changes and we end up using an altcoin or some crazy unforseen circumstances (power grid goes down, govt interference, etc) cause Bitcoin to be worthless, you don't want to wind up pennyless. Undecided

That being said, BUY BUY BUY! Buy as much as you can and put it away and forget about it for 10-20 years. Your children and grandchildren may thank you someday. I am hoping to accumulate at least 1 BTC for myself, my wife, and each of my kids for long term holding... and to gradually increase the amount from there Wink

Bitcoin Phoenix

Lol there are so many people who are asking this to me in this year and that is not strange becasue allot of people just see the bitcoin rise allot and that is very nice but if you can check the price he will be around the 600 dollar so when you retire you can calculate how much money you need atleast and that is at least 1 milion dollar

blackmachinegun

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Quote from: theshiki on August 26, 2016, 02:27:50 PM

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 Huh

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 it

virtualkeybuyer

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Quote from: Searing on August 27, 2016, 01:44:43 AM

I'm hoping 100 BTC because I have 100 BTC.....*just saying*

That is a good amount, I am also expecting for that amount as in the coming future we are sure that the price will be much higher and that amount will be enough for us to spend for our needs in that age.

manselr

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No more than 21, because 21 is already an entry point high enough to make it prohibitive for most of the population out there, and less than 1 million people can ever own 21 BTC, so that means being rich as a motherfucker in a decade or two.

daringdiscovered

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Quote from: Mr. Big on August 28, 2016, 04:40:38 AM

Quote from: outatime1 on August 27, 2016, 09:25:34 PM

Even if they are worth $10,000 each in 20 years, you are going to need a lot to retire solely on bitcoins. Maybe as much as 100 if you want to have a comfortable retirement.

It won't suffice or it might be too much if you would rely on savings along for your retirement... The best way is still to put up a business and earn from it... That way you have a steady source coz you'll never know when you will die after retirement, your savings might turn to waste if you die earlier than you expect... Grin

Haha i agree, you won't enjoy your savings if you die unexpectedly or early. Before retiring we must build a business so that we are still earning after our retirement. If we live for a long time much as we expected our saving will run out.

Mr. Big

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Quote from: outatime1 on August 27, 2016, 09:25:34 PM

Even if they are worth $10,000 each in 20 years, you are going to need a lot to retire solely on bitcoins. Maybe as much as 100 if you want to have a comfortable retirement.

It won't suffice or it might be too much if you would rely on savings along for your retirement... The best way is still to put up a business and earn from it... That way you have a steady source coz you'll never know when you will die after retirement, your savings might turn to waste if you die earlier than you expect... Grin

@prashant

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Quote from: Ziskinberg on August 28, 2016, 12:14:11 AM

Quote from: outatime1 on August 27, 2016, 09:25:34 PM

Even if they are worth $10,000 each in 20 years, you are going to need a lot to retire solely on bitcoins. Maybe as much as 100 if you want to have a comfortable retirement.

A lot should be translated in numbers and with 100 BTC for me it is already a lot of money when the value is $10,000 per bitcoin. I think I will be living a comfortable life then and I am going to enjoy my retirement. I hope it will happen dude because I will be the happiest person on earth.

Good dream but when it comes to reality it take lot effort for normal to earn that much money.bitcoin will never reach that price ,far most i think it will reach only to 1000$.it has more competitor now.

Ziskinberg

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Quote from: outatime1 on August 27, 2016, 09:25:34 PM

Even if they are worth $10,000 each in 20 years, you are going to need a lot to retire solely on bitcoins. Maybe as much as 100 if you want to have a comfortable retirement.

A lot should be translated in numbers and with 100 BTC for me it is already a lot of money when the value is $10,000 per bitcoin. I think I will be living a comfortable life then and I am going to enjoy my retirement. I hope it will happen dude because I will be the happiest person on earth.

outatime1

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Even if they are worth $10,000 each in 20 years, you are going to need a lot to retire solely on bitcoins. Maybe as much as 100 if you want to have a comfortable retirement.

Zooplus

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Quote from: john2231 on August 27, 2016, 05:39:55 PM

Quote from: lister storm on August 27, 2016, 05:13:50 PM

Quote from: ajun96 on August 26, 2016, 05:30:10 PM

Quote from: gandame on August 26, 2016, 07:02:52 AM

That is long years but i think you need 200 bitcoin to do that and wait the bitcoin price up. Maybe in that years you have a lot of bitcoin and you can buy what you want for your retirement. All is nothing can say because we are not sure if bitcoin up or dump. If bitcoin up your are very lucky but if bitcoin dump better luck next time.

if you know that we can not predict the price of bitcoin in the future. is it very high or low prices. therefore you should keep more bitcoin than usual. may be more than 200 BTC. The question is is it you can reach it?

200 bitcoins would definitely not help if the price was at least the same size as it is now, for retirement you would need like a thousand

Thousands of bitcoin you dont need that amount to become rich is too high amount i think even 50 to 100 amount of btc is good amount of bitcoin to be rich and retire after 20 years.. even the price is the same as present price..

The figures varies on individuals needs, we do not have the same interest and satisfaction so for us we could be rich for owning at least 100 BTC but for the others it was just an immaterial amount that they are willing to spend for entertainment alone.

john2231

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Quote from: lister storm on August 27, 2016, 05:13:50 PM

Quote from: ajun96 on August 26, 2016, 05:30:10 PM

Quote from: gandame on August 26, 2016, 07:02:52 AM

That is long years but i think you need 200 bitcoin to do that and wait the bitcoin price up. Maybe in that years you have a lot of bitcoin and you can buy what you want for your retirement. All is nothing can say because we are not sure if bitcoin up or dump. If bitcoin up your are very lucky but if bitcoin dump better luck next time.

if you know that we can not predict the price of bitcoin in the future. is it very high or low prices. therefore you should keep more bitcoin than usual. may be more than 200 BTC. The question is is it you can reach it?

200 bitcoins would definitely not help if the price was at least the same size as it is now, for retirement you would need like a thousand

Thousands of bitcoin you dont need that amount to become rich is too high amount i think even 50 to 100 amount of btc is good amount of bitcoin to be rich and retire after 20 years.. even the price is the same as present price..

lister storm

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Quote from: ajun96 on August 26, 2016, 05:30:10 PM

Quote from: gandame on August 26, 2016, 07:02:52 AM

That is long years but i think you need 200 bitcoin to do that and wait the bitcoin price up. Maybe in that years you have a lot of bitcoin and you can buy what you want for your retirement. All is nothing can say because we are not sure if bitcoin up or dump. If bitcoin up your are very lucky but if bitcoin dump better luck next time.

if you know that we can not predict the price of bitcoin in the future. is it very high or low prices. therefore you should keep more bitcoin than usual. may be more than 200 BTC. The question is is it you can reach it?

200 bitcoins would definitely not help if the price was at least the same size as it is now, for retirement you would need like a thousand

BitMaxz

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BTC price road to $80k

Quote from: kreskko on August 27, 2016, 03:12:20 PM

Quote from: Fatanut on August 27, 2016, 08:33:37 AM

I think the actual question here to actually get a proper answer because of Bitcoin market's flexibility is how much fiat would you need to retire in 20 years. You sure can live by just using Bitcoins and converting them to fiat whenever you need to use money. But if you're wise and you want to get the whole potential amount of fiat that you can from bitcoin, then you wouldn't store all of them as Bitcoin.

What am I saying here? I'm trying to say that you can actually lose money by careless converting your coins. In an instance, today's price of bitcoin is 10000$ (I'm exaggerating, I know), but you were just like, "Meh. I don't need money. Idc, whatever." And then the next day you needed money because of some emergency but the price was back to 500$ (exaggeration). Then you just lost a potential of 9,500$ because of that.

Even I will not hide. Painfully glad your predictions for the next 20 years. Of course, I also optimistic, but it is really a very big lines for currency market. If you look at the statistics bitcoin exchange rate for the year today, we can see that there is no stability. And what will happen in 20 years, forecasts will not give anybody.

20 years its a long journey and i think we will see the new changes in 20 years about bitcoin i think bitcoin will stay long and stronger but its just speculation anytime bitcoin can be down. in my estimate for the price after 20 years can be 3k value or 5k for bitcoin if bitcoin is already use locally anywhere everywhere. but coins still no sure what will the price of bitcoin after 20 years because bitcoin is always relaying in demand and supply..
so if you have a good amount even 50 btc is enough.. to hold it to 20 years. and retire for your work in collecting bitcoin.

kreskko

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Quote from: Fatanut on August 27, 2016, 08:33:37 AM

I think the actual question here to actually get a proper answer because of Bitcoin market's flexibility is how much fiat would you need to retire in 20 years. You sure can live by just using Bitcoins and converting them to fiat whenever you need to use money. But if you're wise and you want to get the whole potential amount of fiat that you can from bitcoin, then you wouldn't store all of them as Bitcoin.

What am I saying here? I'm trying to say that you can actually lose money by careless converting your coins. In an instance, today's price of bitcoin is 10000$ (I'm exaggerating, I know), but you were just like, "Meh. I don't need money. Idc, whatever." And then the next day you needed money because of some emergency but the price was back to 500$ (exaggeration). Then you just lost a potential of 9,500$ because of that.

Even I will not hide. Painfully glad your predictions for the next 20 years. Of course, I also optimistic, but it is really a very big lines for currency market. If you look at the statistics bitcoin exchange rate for the year today, we can see that there is no stability. And what will happen in 20 years, forecasts will not give anybody.

Fatanut

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I think the actual question here to actually get a proper answer because of Bitcoin market's flexibility is how much fiat would you need to retire in 20 years. You sure can live by just using Bitcoins and converting them to fiat whenever you need to use money. But if you're wise and you want to get the whole potential amount of fiat that you can from bitcoin, then you wouldn't store all of them as Bitcoin.

What am I saying here? I'm trying to say that you can actually lose money by careless converting your coins. In an instance, today's price of bitcoin is 10000$ (I'm exaggerating, I know), but you were just like, "Meh. I don't need money. Idc, whatever." And then the next day you needed money because of some emergency but the price was back to 500$ (exaggeration). Then you just lost a potential of 9,500$ because of that.

stromma44

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Quote from: milewilda on August 27, 2016, 04:52:08 AM

Quote from: mirakal on August 27, 2016, 01:43:03 AM

Quote from: ajun96 on August 26, 2016, 05:30:10 PM

Quote from: gandame on August 26, 2016, 07:02:52 AM

That is long years but i think you need 200 bitcoin to do that and wait the bitcoin price up. Maybe in that years you have a lot of bitcoin and you can buy what you want for your retirement. All is nothing can say because we are not sure if bitcoin up or dump. If bitcoin up your are very lucky but if bitcoin dump better luck next time.

if you know that we can not predict the price of bitcoin in the future. is it very high or low prices. therefore you should keep more bitcoin than usual. may be more than 200 BTC. The question is is it you can reach it?

The answer is always yes if you are discipline enough to save, as long as you are earning bitcoin there is no reason for you that you cannot save any amount of it, slow but constant savings would help to reach your target, and we should be serious with our savings as we are talking of our future here.

If you intend to save for the future purposes then you must set a goal so that you would obliged yourself to save even small amount atleast and make it sure you wont forget such thing no matter what because you could really use it anytime soon. Having goal would really pursue you to save.

Yeah having a goal is very important so that we can start working to achieve it, my goal is to have at least 50 btc in my wallet for future and if I exceed that amount then it will be a bonus for me.

milewilda

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Quote from: mirakal on August 27, 2016, 01:43:03 AM

Quote from: ajun96 on August 26, 2016, 05:30:10 PM

Quote from: gandame on August 26, 2016, 07:02:52 AM

That is long years but i think you need 200 bitcoin to do that and wait the bitcoin price up. Maybe in that years you have a lot of bitcoin and you can buy what you want for your retirement. All is nothing can say because we are not sure if bitcoin up or dump. If bitcoin up your are very lucky but if bitcoin dump better luck next time.

if you know that we can not predict the price of bitcoin in the future. is it very high or low prices. therefore you should keep more bitcoin than usual. may be more than 200 BTC. The question is is it you can reach it?

The answer is always yes if you are discipline enough to save, as long as you are earning bitcoin there is no reason for you that you cannot save any amount of it, slow but constant savings would help to reach your target, and we should be serious with our savings as we are talking of our future here.

If you intend to save for the future purposes then you must set a goal so that you would obliged yourself to save even small amount atleast and make it sure you wont forget such thing no matter what because you could really use it anytime soon. Having goal would really pursue you to save.

Searing

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I'm hoping 100 BTC because I have 100 BTC.....*just saying*

mirakal

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Quote from: ajun96 on August 26, 2016, 05:30:10 PM

Quote from: gandame on August 26, 2016, 07:02:52 AM

That is long years but i think you need 200 bitcoin to do that and wait the bitcoin price up. Maybe in that years you have a lot of bitcoin and you can buy what you want for your retirement. All is nothing can say because we are not sure if bitcoin up or dump. If bitcoin up your are very lucky but if bitcoin dump better luck next time.

if you know that we can not predict the price of bitcoin in the future. is it very high or low prices. therefore you should keep more bitcoin than usual. may be more than 200 BTC. The question is is it you can reach it?

The answer is always yes if you are discipline enough to save, as long as you are earning bitcoin there is no reason for you that you cannot save any amount of it, slow but constant savings would help to reach your target, and we should be serious with our savings as we are talking of our future here.

ajun96

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Quote from: gandame on August 26, 2016, 07:02:52 AM

That is long years but i think you need 200 bitcoin to do that and wait the bitcoin price up. Maybe in that years you have a lot of bitcoin and you can buy what you want for your retirement. All is nothing can say because we are not sure if bitcoin up or dump. If bitcoin up your are very lucky but if bitcoin dump better luck next time.

if you know that we can not predict the price of bitcoin in the future. is it very high or low prices. therefore you should keep more bitcoin than usual. may be more than 200 BTC. The question is is it you can reach it?

Topic: How many bitcoins do I need to retire in 20 years? - page 12. (Read 320352 times)