How many bitcoins do I need to retire in 20 years? - page 121.

Yerm

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Quote from: Laosai on October 30, 2015, 08:09:37 AM

Quote from: SmoothCurves on October 28, 2015, 12:39:13 PM

You need 1 Bitcoin.

I don't think it's enough unless bitcoin price will pump out to $1M each (which I highly doubt will happen)

Quote from: Callahan on October 28, 2015, 12:52:17 PM

Holding btc?¿
or
trading btc?
Holding=100
Trading= 20

Dude I can't understand your post Huh

Would you mind elaborate more what you are trying to say?

maybe he means that if you keep trading with bitcoin for 20 years and start with 20 bitcoins youd end up with a 100coins?

gentlemand

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Quote from: minerbit hill on November 01, 2015, 10:04:48 AM

No, that is so not possible , why would they invest in a highly variable currency ?

This market is so unbelievably piddly that people get excited when there's a buy worth a few hundred thousand dollars. That's where the volatility comes from. If it ever did reach $1 mil, which it might in a few centuries, it would be a leviathan and much slower to bat around.

Amph

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Quote from: minerbit hill on November 01, 2015, 10:04:48 AM

Quote from: Amph on November 01, 2015, 04:04:45 AM

Quote from: Mickeyb on October 31, 2015, 08:03:21 PM

Quote from: Meuh6879 on October 31, 2015, 07:37:28 PM

do the maths.

Mate, where did you get this if I might ask? Who made it? I would just like to know the source before sharing this further.

Wow, this really shows off a Bitcoin potential. This is crazy!

it's not so hard, you need to think about what would happen if big investors of other big asset would invest a portion in bitcoin instead

now this is just a little portion, like 1% imagines 10% or more, even 1M per bitcoin would be so small in that case

but those are only speculation, no way we know it will happen or not

No, that is so not possible , why would they invest in a highly variable currency ? Bitcoin moves around 200 - 300 in general and that is 50% of the price when compared to fiat's which dont even variate more than 5% ,mass adaptation is the only hope.

well someone should begin to fuel the mass adoption, mass adoption will simply not happen overnight, you need something that initiate it in any case

a rich investor that begin to trade and take the initial risk is the only thing that make sense, then the other big investor will follow

at the beginning you will still have variance of 50% or what is it, but gradually the thing will be more thin the more money will get in

minerbit hill

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Quote from: Amph on November 01, 2015, 04:04:45 AM

Quote from: Mickeyb on October 31, 2015, 08:03:21 PM

Quote from: Meuh6879 on October 31, 2015, 07:37:28 PM

do the maths.

Mate, where did you get this if I might ask? Who made it? I would just like to know the source before sharing this further.

Wow, this really shows off a Bitcoin potential. This is crazy!

it's not so hard, you need to think about what would happen if big investors of other big asset would invest a portion in bitcoin instead

now this is just a little portion, like 1% imagines 10% or more, even 1M per bitcoin would be so small in that case

but those are only speculation, no way we know it will happen or not

No, that is so not possible , why would they invest in a highly variable currency ? Bitcoin moves around 200 - 300 in general and that is 50% of the price when compared to fiat's which dont even variate more than 5% ,mass adaptation is the only hope.

Meuh6879

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source of the blue graph : https://ybitcoin.com/articles/bitcoin-as-an-investment/
source thread : https://bitcointalksearch.org/topic/m.12844963

jt byte

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Quote from: cellard on October 28, 2015, 09:56:22 AM

Quote from: jt byte on October 09, 2015, 08:22:42 AM

Quote from: actmyname on October 08, 2015, 09:01:29 PM

About tree fitty.

Actually, I'd say ~200 would be good.

If we assume the price in 20 years increases by 250% then you should be fine for a while.

It's all about if bitcoin will be still usable and popular in 20 years from now.
With 200BTC you can make good money in future
But i don't think that you can retire with this amount maybe 500BTC+ at least.

That's insane. With 500 BTC you will be a massive whale. 20 years is a long, long, long time for technology. Hell 5 is. The supply is limited, 500 BTC is a lot in a 21 million (-all the bitcoin that got lost) if the demand keeps growing.

Anything around 30 BTC should make you very wealthy in the next decade. Just do the math. Only by having 1 BTC you are already a part of a very small % of the population. Once demand kicks in the price will go to mars.. simple supply and demand.

That is true that the supply isn't maybe enough for the future.
That's the point of the price of bitcoin to be increased when there aren't much in the market.
Maybe 500BTC are a lot for now but it will be very large in the future if the price rise.

Barnabe

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Quote from: Meuh6879 on October 31, 2015, 07:37:28 PM

do the maths.

So if several factors are true at the same time, it could easily be over a million, right ?
But it seems to be a kind of simple projection of price which is not a very correct and accurate method to do...

TastyChillySauce00

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the prediction not really effective, how about bitcoin inflation,USD?EUR? ,what will you do if your country currency suddenl drop? there's no guarantee,it'll be better saving in gold or property

Amph

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Quote from: Mickeyb on October 31, 2015, 08:03:21 PM

Quote from: Meuh6879 on October 31, 2015, 07:37:28 PM

do the maths.

Mate, where did you get this if I might ask? Who made it? I would just like to know the source before sharing this further.

Wow, this really shows off a Bitcoin potential. This is crazy!

it's not so hard, you need to think about what would happen if big investors of other big asset would invest a portion in bitcoin instead

now this is just a little portion, like 1% imagines 10% or more, even 1M per bitcoin would be so small in that case

but those are only speculation, no way we know it will happen or not

dothebeats

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Quote from: Meuh6879 on October 31, 2015, 07:37:28 PM

do the maths.

If dollar fails and is replaced by bitcoin to be the world's reserver currency, things will get exciting from there. Even giving 1% of gold's current marketcap would largely boost bitcoin's price. The potential of bitcoin is truly amazing, and I'd love to see it with my own eyes to happen.

leex1528

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Quote from: Meuh6879 on October 31, 2015, 07:37:28 PM

do the maths.

Would love this to be true. Where did you grab this information from? I don't ever see Bitcoin being priced at 800,000 per coin but I guess you never know. Pretty cool to imagine the potential though

Decoded

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Quote from: Tron on April 28, 2014, 01:17:29 PM

To be safe, get two Bitcoins.

Why not three? You'll be richer that your wildest dreams!

Mickeyb

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Move On !!!!!!

Quote from: Meuh6879 on October 31, 2015, 07:37:28 PM

do the maths.

Mate, where did you get this if I might ask? Who made it? I would just like to know the source before sharing this further.

Wow, this really shows off a Bitcoin potential. This is crazy!

Meuh6879

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do the maths.

jeffthebaker

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Quote from: VirosaGITS on October 31, 2015, 03:16:23 PM

Quote from: Tstar on October 31, 2015, 08:35:57 AM

I would go for 21 BTC. In twenty years from now they could be a good sum.
Also, 21 is a cool amount considering the total amount of BTC which will be 21millions.
Cheesy

Nono. 21 is a nice half of 42. But the good amount is obviously 42 bitcoin.
And 42 bitcoins in 20 years with bitcoin at >20k give you possibly one million USD~ worth which by all mean would mean a good retirement cushion.

It all depend on if BTC manage to start competing with FIAT. If it does, we win.

Yeah, I was thinking 42 as well. It's the answer to life and everything, as well as enough to get you into the half million club. Either 42 is going to be enough to live comfortably without working, or won't be enough to buy you a nice shirt in 20 years.

isvicre

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I think 3-5 bitcoins might be safe enough to save somewhere around waiting for rise.
Well if you have a lot of money you can basically risk more money on it.

zimmah

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Quote from: gentlemand on October 30, 2015, 04:41:43 PM

Quote from: zimmah on October 30, 2015, 10:11:14 AM

you guys are funny, saying you need thousands of bitcoins, you are seriously underestimating how few 21 million is.

This is a straightforward fact that seems to slip countless minds on here. I think Bitcoin wallets should flash up a message every time you're about to gamble them away that says 'remember - there's only 21 million.' I'm still not convinced it would sink in though.

If REAL demand hits then that limitation will feel stunningly real.

well, for what it's worth for as long as it lasts i'm making quite a profit investing in gambling websites because people love throwing whole bitcoins or more at them.

VirosaGITS

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Quote from: Tstar on October 31, 2015, 08:35:57 AM

I would go for 21 BTC. In twenty years from now they could be a good sum.
Also, 21 is a cool amount considering the total amount of BTC which will be 21millions.
Cheesy

Nono. 21 is a nice half of 42. But the good amount is obviously 42 bitcoin.
And 42 bitcoins in 20 years with bitcoin at >20k give you possibly one million USD~ worth which by all mean would mean a good retirement cushion.

It all depend on if BTC manage to start competing with FIAT. If it does, we win.

Tstar

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I would go for 21 BTC. In twenty years from now they could be a good sum.
Also, 21 is a cool amount considering the total amount of BTC which will be 21millions.
Cheesy

anthonycamp

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i will think better but for now just 5 to 10 and you can get the 50.000$ i dont know if your country does do retierment into 20 yesrs just spending that

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