How many bitcoins do I need to retire in 20 years? - page 128.

VirosaGITS

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Quote from: bitgolden on October 03, 2015, 07:19:32 AM

Just 10 bitcoins are enough for your retirement if you are going to retire only after 20 years.
Even only one bitcoin is more than enough after 20 years. But by considering 2036 commodity prices, you may need 10 Bitcoins to lead your rest of life happier.

Why would it be enough? How would you know that BTC will be worth many, many thousands USD per?

Nobody knows where BTC will be in one year, why would it be possible to know what it will be worth in 20? Bitcoin will bring about a revolution but that doesn't mean that Bitcoin won't itself die in the progress. No revolution without its toll in blood. Remember?

bitgolden

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Just 10 bitcoins are enough for your retirement if you are going to retire only after 20 years.
Even only one bitcoin is more than enough after 20 years. But by considering 2036 commodity prices, you may need 10 Bitcoins to lead your rest of life happier.

zencomp

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their is no gurantee of the future of Bitcoins , but their is future of Online and Internet, this will not close that much is sure, i will invest 20% of my income from now till i get retire , because what is their in future no one knows.

VirosaGITS

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Quote from: BitmoreCoin on October 02, 2015, 05:05:06 PM

Quote from: smith coins on September 28, 2015, 02:59:12 PM

Since the bitcoin future is unknown there is no guarantee that you can be retired even if you have 1 million bitcoins.
The price can be higher or lower, nobody knows, maybe bitcoin will not exist after 20 years, or maybe the whole internet will be shut down. I think that you should work hard outside and hope to be retired in 20 years which is not often possible.

That is the right attitude.

If i had 1 million Bitcoins, i would of already retired. Tongue

And unless the world explode, its not possible for "internet to be shutdown". But the message is still relevant, there is no way to know if BTC will lift off and cause the Crypto revolution. Billgates says its not going to be BTC. I think it could be if it get improved properly. The sidechain and such would help.

Maybe it will be another coin, we'll see. Just don't put all your eggs in one basket.

BitmoreCoin

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Quote from: smith coins on September 28, 2015, 02:59:12 PM

Since the bitcoin future is unknown there is no guarantee that you can be retired even if you have 1 million bitcoins.
The price can be higher or lower, nobody knows, maybe bitcoin will not exist after 20 years, or maybe the whole internet will be shut down. I think that you should work hard outside and hope to be retired in 20 years which is not often possible.

That is the right attitude.

smith coins

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Since the bitcoin future is unknown there is no guarantee that you can be retired even if you have 1 million bitcoins.
The price can be higher or lower, nobody knows, maybe bitcoin will not exist after 20 years, or maybe the whole internet will be shut down. I think that you should work hard outside and hope to be retired in 20 years which is not often possible.

n2004al

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Quote from: Alley on April 28, 2014, 01:04:32 PM

Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?

I think that you will not have never the needed amount of bitcoin for retirement. Because it is much volatile and no one knows in which value it will have after 20 years. I believe very high. Thinking that is a product invented by a disruptive technology and that this excellent technology will protect it with all its possibilities the price will go higher and higher. In this case you need about 1000 bitcoin to make the life of a sultan. But that amount of bitcoin is paper of toilet if the price will go 1 us dollar. So better go with the money of your country or us dollar. With those are more secure that your retirement will be normal and happy.

knowhow

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we all know at some exchanges a coin can be pumped from 1 satoshi to 100k of satoshis,with 0,10btc i see those happen daily but why i should invest on it since i know they will dump as someone else new enter in the game,its wise to choose and search about the coin,then choose the best time to enter,at begining i lost till the moment 0.10 because i joined a pump then i saw what and how it works the coin was left behind i sold all and invested on those list ,why to risk my money at new altcoins?it can get 1000% but we can loose 100% our investment on it play safe always

azguard

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Quote from: knowhow on July 30, 2015, 06:53:01 PM

Most of the coins i invest let me check my portfolio,dash,ltc,doge,gmc,nxt,these is my main investments,sure i buy some others alts as most of users diversing investments,and i never buy a coin that had been pumped from 1 satoshis to 2000satoshis im not crazy as it seems .I look history do some research and see market interest on that coin,and well i choose what to buy on that time,i wont invest 3000 dollars in a coin pumped in two days ,i invest wise my money im not looking to be rich or quick profit,if i see some of my investments turning some% profit i sell it and wait ,moove into other crypto.

i must say you put this well and wise i do the same. I have lost in past with something like that when some coin are being pumped for day two or three but now I invest in same coin like you mentioned cuz there are here for long and wont go down so easily.

knowhow

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Most of the coins i invest let me check my portfolio,dash,ltc,doge,gmc,nxt,these is my main investments,sure i buy some others alts as most of users diversing investments,and i never buy a coin that had been pumped from 1 satoshis to 2000satoshis im not crazy as it seems .I look history do some research and see market interest on that coin,and well i choose what to buy on that time,i wont invest 3000 dollars in a coin pumped in two days ,i invest wise my money im not looking to be rich or quick profit,if i see some of my investments turning some% profit i sell it and wait ,moove into other crypto.

futureofbitcoin

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Quote from: knowhow on July 30, 2015, 04:59:56 PM

Quote from: futureofbitcoin on July 30, 2015, 12:29:11 PM

Quote from: BillyBobZorton on July 30, 2015, 12:07:09 PM

Quote from: futureofbitcoin on July 29, 2015, 06:25:06 PM

Quote from: knowhow on July 29, 2015, 05:27:55 PM

dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....

Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous).

Why? 200K is a ton of Bitcoin with the current low price, you would need to fuck up a million times in a month or the price would need to go to 0 in a month. All very low % of happening. If I had that kind of money I would be playing with at least 10K and try to work from there. Theres tons of Bitcoins to be made off altcoin pumps alone. You could become a market maker with 10K in most altcoins.

My response was specific to knowhow. Read some of his other comments and you'll understand why I said what I said. Anyone with a shred of common sense and logic would probably not lose 200k in a month.

i would use money i would invest those 200k at bitcoins then at others altcoins and as i said lets say i make 500 dollars weekly profit,im very curious to get a loan to play with bitcoin and repay it on the next 5 years to the banks...

See, billy? What did I say? He'll probably buy some pumped alt coin and then left bagholding when ryan pumper dumps it all.

knowhow

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Quote from: futureofbitcoin on July 30, 2015, 12:29:11 PM

Quote from: BillyBobZorton on July 30, 2015, 12:07:09 PM

Quote from: futureofbitcoin on July 29, 2015, 06:25:06 PM

Quote from: knowhow on July 29, 2015, 05:27:55 PM

dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....

Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous).

Why? 200K is a ton of Bitcoin with the current low price, you would need to fuck up a million times in a month or the price would need to go to 0 in a month. All very low % of happening. If I had that kind of money I would be playing with at least 10K and try to work from there. Theres tons of Bitcoins to be made off altcoin pumps alone. You could become a market maker with 10K in most altcoins.

My response was specific to knowhow. Read some of his other comments and you'll understand why I said what I said. Anyone with a shred of common sense and logic would probably not lose 200k in a month.

i would use money i would invest those 200k at bitcoins then at others altcoins and as i said lets say i make 500 dollars weekly profit,im very curious to get a loan to play with bitcoin and repay it on the next 5 years to the banks...

CryptyMike

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Quote from: futureofbitcoin on July 30, 2015, 12:29:11 PM

Quote from: BillyBobZorton on July 30, 2015, 12:07:09 PM

Quote from: futureofbitcoin on July 29, 2015, 06:25:06 PM

Quote from: knowhow on July 29, 2015, 05:27:55 PM

dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....

Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous).

Why? 200K is a ton of Bitcoin with the current low price, you would need to fuck up a million times in a month or the price would need to go to 0 in a month. All very low % of happening. If I had that kind of money I would be playing with at least 10K and try to work from there. Theres tons of Bitcoins to be made off altcoin pumps alone. You could become a market maker with 10K in most altcoins.

My response was specific to knowhow. Read some of his other comments and you'll understand why I said what I said. Anyone with a shred of common sense and logic would probably not lose 200k in a month.

It also depends on what you mean by make money - are you trying to go up in USD despite BTC possibly going down in value? Or are you trying to simply accumulate more BTC?

futureofbitcoin

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Quote from: BillyBobZorton on July 30, 2015, 12:07:09 PM

Quote from: futureofbitcoin on July 29, 2015, 06:25:06 PM

Quote from: knowhow on July 29, 2015, 05:27:55 PM

dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....

Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous).

Why? 200K is a ton of Bitcoin with the current low price, you would need to fuck up a million times in a month or the price would need to go to 0 in a month. All very low % of happening. If I had that kind of money I would be playing with at least 10K and try to work from there. Theres tons of Bitcoins to be made off altcoin pumps alone. You could become a market maker with 10K in most altcoins.

My response was specific to knowhow. Read some of his other comments and you'll understand why I said what I said. Anyone with a shred of common sense and logic would probably not lose 200k in a month.

BillyBobZorton

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Quote from: futureofbitcoin on July 29, 2015, 06:25:06 PM

Quote from: knowhow on July 29, 2015, 05:27:55 PM

dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....

Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous).

Why? 200K is a ton of Bitcoin with the current low price, you would need to fuck up a million times in a month or the price would need to go to 0 in a month. All very low % of happening. If I had that kind of money I would be playing with at least 10K and try to work from there. Theres tons of Bitcoins to be made off altcoin pumps alone. You could become a market maker with 10K in most altcoins.

wearepoor

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Quote from: techgeek on July 29, 2015, 01:30:09 AM

Quote from: knowhow on July 28, 2015, 06:09:03 PM

I believe that with 500 bitcoins is possible to stay quiet , although at the time about 150k dollars surely this value will win about 50 % in the coming years and can anticipate what to wait 20 years for such a feat , and may be only 2 or 5 or 10 years , would not be optimal to anticipate your retirement ?

500 bitcoins seems pretty comfortable if the value keeps rising and it just goes over beyond what we hope to see.

although the waiting process seems a bit daunting for most, which id probably die in 20 years then it to see it anywhere.

Yeah, 500 bitcoins is a very good amount to be in a wallet at the retirement age, As we believe that the value of bitcoins in the next 20 years would be something unimaginable and it would pay us the best returns of the investment that we have made at present.

futureofbitcoin

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Quote from: knowhow on July 29, 2015, 05:27:55 PM

dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....

Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous).

knowhow

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dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....

VirosaGITS

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Quote from: lissandra on July 29, 2015, 02:13:07 AM

Quote from: VirosaGITS on July 29, 2015, 02:09:51 AM

Quote from: techgeek on July 29, 2015, 01:30:09 AM

Quote from: knowhow on July 28, 2015, 06:09:03 PM

I believe that with 500 bitcoins is possible to stay quiet , although at the time about 150k dollars surely this value will win about 50 % in the coming years and can anticipate what to wait 20 years for such a feat , and may be only 2 or 5 or 10 years , would not be optimal to anticipate your retirement ?

500 bitcoins seems pretty comfortable if the value keeps rising and it just goes over beyond what we hope to see.

although the waiting process seems a bit daunting for most, which id probably die in 20 years then it to see it anywhere.

That's hell of alot of money to gamble on BTC's future value :S

Investing all that money in a proper venture, BTC-related if need be, sound like a much better way of securing one's future...

One would assume that this bitcoin would be coming from early adopters paid in a cheap price.

Or ran a business on the side that accepted bitcoin and that indiviual sold and bought bitcoin also at the same time to accumlate that much..

Hmm well i understand if you had BTC from 2009.

This topic just feel more like "How many BTC should i go acquire to be able to retire."

And remain the fact if you cashed out now you'd have 150k... and for all you know, BTC could die out since its lacking the performance and features of a rapid/popular payment processor.

lissandra

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Quote from: VirosaGITS on July 29, 2015, 02:09:51 AM

Quote from: techgeek on July 29, 2015, 01:30:09 AM

Quote from: knowhow on July 28, 2015, 06:09:03 PM

I believe that with 500 bitcoins is possible to stay quiet , although at the time about 150k dollars surely this value will win about 50 % in the coming years and can anticipate what to wait 20 years for such a feat , and may be only 2 or 5 or 10 years , would not be optimal to anticipate your retirement ?

500 bitcoins seems pretty comfortable if the value keeps rising and it just goes over beyond what we hope to see.

although the waiting process seems a bit daunting for most, which id probably die in 20 years then it to see it anywhere.

That's hell of alot of money to gamble on BTC's future value :S

Investing all that money in a proper venture, BTC-related if need be, sound like a much better way of securing one's future...

One would assume that this bitcoin would be coming from early adopters paid in a cheap price.

Or ran a business on the side that accepted bitcoin and that indiviual sold and bought bitcoin also at the same time to accumlate that much..

Topic: How many bitcoins do I need to retire in 20 years? - page 128. (Read 320337 times)