10 to 20 BTC been good to be a long-term investment 20 years
10
BTC is around ~2400 USD which normally in U.S you can earn within a month (maybe more or maybe less)
But if you think to retier with just a couple of thousands of dollars then i think that you are completely wrong.
I think maybe 10k
BTC would be enough to retire but that cost a fortune (millions of dollars)
So you think that price of 1 BTC will be $240 in 20 years? Interesting!
it will be four digits price for sure maybe even five digits but this is hardly achievable on my estimations
Yes, I think so too. But the user above has implied that the price will be pretty much unchanged in 20 years. When you consider the inflation in the 20 next year's, this means that price will actually be 50% lower than today, if 1 BTC stays at the $240 level.
This is hard imaginable to me.
The US inflation has been very low lately. I think 0.2%~ per year in the last few years. Overall the US economy is fairly strong at the moment. But that can't last forever and even in the best case scenario, if the price stays at 240$~ it will mean a loss in buying power overall.
So you'd be better off putting your investment in a 5% annual bank account or many other things than hold Bitcoin under these conditions.
Do these bank still exist anywhere with 5% yearly interest? I don't think so honestly. In France, currently we have 0.75% yearly and quite honestly we are even happy with this, which is pure BS if you ask me.
And we are happy with this because Switzerland and Germany have already started introducing negaumtive interest rates of 1%, so just to hold your money in the bank account you give them 1% of your money.
Yes they do here, in Canada. With 1% inflation per year, it still better than just letting it sit, devaluing. You can get 4-7% depending if its a closed or open contract, etc etc.
With proper investments, you can double your fund every year. So 5% per year seem pretty mediocre, because inflation isint the only factor that increase the cost of life.
You have to make more with your money. Look at creditors, they earn anywhere from 7 to 20% per year, here, why would you be wasting your money sitting on 2-3% per year?
