How many bitcoins do I need to retire in 20 years? - page 129.

VirosaGITS

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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.

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...

techgeek

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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.

mrhelpful

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Quote from: GreenStox on July 25, 2015, 04:36:48 AM

Quote from: Wexlike on July 24, 2015, 04:17:42 PM

Yes, I agree. You should also have a fair distribution in mind. In the long run the rich people shouldn't have more than 50 bitcoin per person. Institutions maybe up to 1000.

But that is the point when human greed comes into play, and you can't blame anyone who tries to pile up as much as he can while a full bitcoin is still affordable - even for the poor.

Fuck your wealth redistribution, every single market looks like 60% held by top 5%, and rest 40% held by 95%.

Its always like that, because the early folks are risk takers, and their risk taking is rewarded by alot of share %.

Your fucking communist idea to redistribute the stuff will descourage people taking risks, and everyone will become a crybaby 40 year olds in diapers.

Well you cant complain at the guy since we see our banks more of a non true capitalistic form.

Back in 2008 if true capitalism worked, it means we actually let them fail with no bail out. We have more of a socialism where we dont let it fail at all.

knowhow

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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 ?

CryptyMike

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This question is not possible to answer at the moment. No one knows what the future holds.

foxbitcoin

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Quote from: smith coins on July 25, 2015, 06:55:08 AM

Has anyone found an exact number of the bitcoins, for this time i think it is a huge investment to invest in bitcoin and to think that you will be retire fast.

I think the more important thing is a sober estimate of what percentage of your savings you can/should put into this. Make a clear decision about that and don't let the price affect you too much.

azguard

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Quote from: nickaizoku on July 26, 2015, 02:04:02 AM

I need around 200 BTC or more than that. Hopefully will got it after 20 years Cheesy

im thinking where you are that many btc you will need in some countries 1 is enough but in some 1000 will be small amount

nickaizoku

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❃ CyberNick ❃

I need around 200 BTC or more than that. Hopefully will got it after 20 years Cheesy

faridkifly

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Everyone have different number of bitcoin investment
for me it can be around 200 btc to invest fo retire in 20 years Grin

VirosaGITS

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Quote from: Erdogan on July 25, 2015, 07:41:33 PM

Quote from: VirosaGITS on July 25, 2015, 07:06:57 PM

Quote from: Erdogan on July 25, 2015, 06:58:14 PM

Quote from: misterycoins on July 25, 2015, 06:54:19 PM

This is interesting. If you can get a lot of income on BTC you can retire early and enjoy life early.
Just invest what do you think you can afford to lose since nothing is sure in the future.

Risk/reward is currently better in bitcoin than in stocks, bonds, commodities and houses. What else is there out there to invest in?

Literally? With real estate comes with land. There is also Development and Technologies.

And investing in banks at most interest rate is usually a bad choice, since you you would probably lose more with the inflation than you would gain in "interest".

Risk/reward ratio can not be calculated, not even after the fact. You have to assess the possible reward outcomes, and assess the risk of each, yourself.

Do you think real estate prices are static? See here:

https://en.wikipedia.org/wiki/Real_estate_bubble#2007:_Many_Countries

I do not think they are static at all. They tend to go way up in high traffic areas, like where i live. They have kept going on steadily for the past 20 years. Up enough to be huge investment return. This is not true everywhere. Or always.

Anyhow i was just merely adding it as an option for investing. Proper investment in critical populated area is probably a safer investment than BTC. But BTC has much more potential, imo. If you rent your real estate, it's a bit like mining Bitcoin, too. But the rent value probably wont go up or down much, unlike* Bitcoin!

Erdogan

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Quote from: VirosaGITS on July 25, 2015, 07:06:57 PM

Quote from: Erdogan on July 25, 2015, 06:58:14 PM

Quote from: misterycoins on July 25, 2015, 06:54:19 PM

This is interesting. If you can get a lot of income on BTC you can retire early and enjoy life early.
Just invest what do you think you can afford to lose since nothing is sure in the future.

Risk/reward is currently better in bitcoin than in stocks, bonds, commodities and houses. What else is there out there to invest in?

Literally? With real estate comes with land. There is also Development and Technologies.

And investing in banks at most interest rate is usually a bad choice, since you you would probably lose more with the inflation than you would gain in "interest".

Risk/reward ratio can not be calculated, not even after the fact. You have to assess the possible reward outcomes, and assess the risk of each, yourself.

Do you think real estate prices are static? See here:

https://en.wikipedia.org/wiki/Real_estate_bubble#2007:_Many_Countries

VirosaGITS

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Quote from: Erdogan on July 25, 2015, 06:58:14 PM

Quote from: misterycoins on July 25, 2015, 06:54:19 PM

This is interesting. If you can get a lot of income on BTC you can retire early and enjoy life early.
Just invest what do you think you can afford to lose since nothing is sure in the future.

Risk/reward is currently better in bitcoin than in stocks, bonds, commodities and houses. What else is there out there to invest in?

Literally? With real estate comes with land. There is also Development and Technologies.

And investing in banks at most interest rate is usually a bad choice, since you you would probably lose more with the inflation than you would gain in "interest".

Erdogan

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Quote from: misterycoins on July 25, 2015, 06:54:19 PM

This is interesting. If you can get a lot of income on BTC you can retire early and enjoy life early.
Just invest what do you think you can afford to lose since nothing is sure in the future.

Risk/reward is currently better in bitcoin than in stocks, bonds, commodities and houses. What else is there out there to invest in?

misterycoins

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This is interesting. If you can get a lot of income on BTC you can retire early and enjoy life early.
Just invest what do you think you can afford to lose since nothing is sure in the future.

dodgecharger

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as many as possible, numerous financial experts predict that the bitcoin price will rise significantly in the nearest future. I truly believe that bitcoin is among the best investment opportunities currently available.

Wexlike

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Quote from: GreenStox on July 25, 2015, 04:36:48 AM

Quote from: Wexlike on July 24, 2015, 04:17:42 PM

Yes, I agree. You should also have a fair distribution in mind. In the long run the rich people shouldn't have more than 50 bitcoin per person. Institutions maybe up to 1000.

But that is the point when human greed comes into play, and you can't blame anyone who tries to pile up as much as he can while a full bitcoin is still affordable - even for the poor.

Fuck your wealth redistribution, every single market looks like 60% held by top 5%, and rest 40% held by 95%.

Its always like that, because the early folks are risk takers, and their risk taking is rewarded by alot of share %.

Your fucking communist idea to redistribute the stuff will descourage people taking risks, and everyone will become a crybaby 40 year olds in diapers.

Wow, relax.

I was thinking in really long term, let's say 50 years from now. I also described your risk taking part with my sentence about human greed, without saying anything bad about it. I am the least communist person that you can imagine. So, calm down and reread my post again.

smith coins

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Has anyone found an exact number of the bitcoins, for this time i think it is a huge investment to invest in bitcoin and to think that you will be retire fast.

Amph

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Quote from: jt byte on July 25, 2015, 05:49:08 AM

Quote from: Amph on July 24, 2015, 03:14:44 PM

Quote from: manselr on July 24, 2015, 12:22:33 PM

Quote from: BTCevo on July 23, 2015, 01:11:13 PM

Quote from: wearepoor on July 22, 2015, 09:31:10 PM

Quote from: knowhow on July 22, 2015, 06:15:33 PM

the supply and demand isnt affecting at the moment the price ,all days bitcoins changes hands ,the new users that get inside are very small yet but keep growing the number of new bitcoiners soo it can boom anytime soo around 500 bitcoins would make a good retirement on the next years

Don't you think 500 bitcoins is too much. I mean don't look at the current value, imagine about the future value like may be 4k or $5k then 100 bitcoins would be enough at the retirement age. My goal is to have atleast 100 bitcoins and I m done.

I dont think so. 500 bitcoin is a good amount, because you can't predict the future. And for people who are bored to stay longer enough to face its peak I think 500 is good.

100bitcoin no matter how much price do you want and you are done from bitcoin? Dont make a wrong move dude, reconsidering it again when you hit 100 bitcoins Grin

You can't predict the future but you can have realistic expectations of it, and Bitcoin should be able to deliver big gains considering how things are moving. Andreas Antonopoulous is convinced that Western Union will get literally killed by Bitcoin, this alone should make you think.

Of course 500 BTC would be ideal, but who has the money to invest in 500 BTC? Certainly not me.

this is why 500 is not ideal, it an amount too big for anyone that believe in bitcoin let alone for those that have a low trust on the future of bitcoin, from 10 to 100 might be a better target

If it was few year before then 500 Bitcoins could be easily to own.
AS the price was very cheap on that time.

well that's another story, i'm sure OP isn't an early adopter otherwise he would not have brought up this thread in the first place

prodigy8

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I think that to retire just thinking of it is a bit long term.
Try to think something else as you are young to retire

jt byte

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Quote from: Amph on July 24, 2015, 03:14:44 PM

Quote from: manselr on July 24, 2015, 12:22:33 PM

Quote from: BTCevo on July 23, 2015, 01:11:13 PM

Quote from: wearepoor on July 22, 2015, 09:31:10 PM

Quote from: knowhow on July 22, 2015, 06:15:33 PM

the supply and demand isnt affecting at the moment the price ,all days bitcoins changes hands ,the new users that get inside are very small yet but keep growing the number of new bitcoiners soo it can boom anytime soo around 500 bitcoins would make a good retirement on the next years

Don't you think 500 bitcoins is too much. I mean don't look at the current value, imagine about the future value like may be 4k or $5k then 100 bitcoins would be enough at the retirement age. My goal is to have atleast 100 bitcoins and I m done.

I dont think so. 500 bitcoin is a good amount, because you can't predict the future. And for people who are bored to stay longer enough to face its peak I think 500 is good.

100bitcoin no matter how much price do you want and you are done from bitcoin? Dont make a wrong move dude, reconsidering it again when you hit 100 bitcoins Grin

You can't predict the future but you can have realistic expectations of it, and Bitcoin should be able to deliver big gains considering how things are moving. Andreas Antonopoulous is convinced that Western Union will get literally killed by Bitcoin, this alone should make you think.

Of course 500 BTC would be ideal, but who has the money to invest in 500 BTC? Certainly not me.

this is why 500 is not ideal, it an amount too big for anyone that believe in bitcoin let alone for those that have a low trust on the future of bitcoin, from 10 to 100 might be a better target

If it was few year before then 500 Bitcoins could be easily to own.
AS the price was very cheap on that time.

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