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Topic: How many bitcoins do I need to retire in 20 years? - page 132. (Read 320337 times)

sr. member
Activity: 322
Merit: 250


This would be the very few, assuming its the ones that havent created anything, but just held on or shorted for profit and bought back in at right times.

Its a rare case, but there will be a small percent who made a good sum if value goes up, but the value discussion has been going on for last 4 years lol. Not to be a downer or anything.

This is also true. I think some people on this forum has this idea that every bitcoin early adopter is going to be filthy rich. That's just not going to happen. There will be very few people who will make any significant amount from bitcoins (assuming bitcoin succeeds), and of those, most of them will be people who already have money like the winklevoss brothers.

The number of middle class people with the guts to bet a very significant amount of their wealth on bitcoin is not that high.

There might some people making a few thousands or a few ten thousands, and they might be happy with that kind of a gain. But the ones who make millions (not 1 million, 1 million doesn't do much these days) will be very few. I suspect that it will be less than the number of multimillionaires google or facebook made. Especially if we ignore the people who are already multimillionaires to begin with, and only count newly minted ones.
legendary
Activity: 1456
Merit: 1002
i believe in bitcoin but 1 bitcoin at 10000 dollars sounds unreal,soo my bet here it would be it reach 1500 dollars on maturity and i guess 400bitcoins would be enought

1500 dollars per coin would make it a negligible presence in global terms. It would be of zero use to commerce or finance. If it stalled at that level it would eventually drop back and fade away when it became clear that genuine adoption would never happen.

A $1500 valuation would make Bitcoin's market cap smaller than Bangladesh's secondary stock exchange. That's not exactly stellar in terms of world finance.

Yep just look at it, ther will be a massive shift of wealth from the top 1% to another top 1%, hopefully the bitcoin rich guys have better morals than the current elite.

I like rich people, i also like poor people, but folks all we need mostly is people who can create wealth for all of us, and not for those who strip it away our hard earned money like with the current pension system.

The current elite will continue to be wealthy. It is just that there will be another class of wealthy guys, who made it through Bitcoin.
Diversification is always good.

This would be the very few, assuming its the ones that havent created anything, but just held on or shorted for profit and bought back in at right times.

Its a rare case, but there will be a small percent who made a good sum if value goes up, but the value discussion has been going on for last 4 years lol. Not to be a downer or anything.
sr. member
Activity: 322
Merit: 250
you can repeatedly explain a basic concept to some people 100x and they still won't understand. It's clear some people do not have the capacity to understand these numbers, all they can think is "it's too good to be true so it can't happen".

Quoted for truth again.

@Greenstox: That's not gonna happen. bitcoiners are not going to be any more "moral" than the general population. In fact, as we've seen, We've attracted many hackers and scammers and illegal dark market users so far.



@botany: Yep. There are more "new rich" now than there has ever been in history. Never has there been something like facebook or google that literally made 1000 millionaires just like that. We are living in the best time in history, although I do wish I was born about 200 years later. The difference would probably be like the difference between life in 1800 and now, maybe even larger because of exponential improvements in technology.

But if bitcoin really takes off and I have enough of them when it does, then I have no complaints Cheesy
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
all know bitcoin potencial is unlimited but let me ask you would you pay 10k dollars for 1 bitcoin? some people paid 1000 dollars and regret it ,anyway  i believe on potencial but i guess to retire on the next 20 years i  dont see bitcoin on such value may happen

Berkshire Hathaway shares cost over $215,000 yet people still buy them. Why? They rise in value. You can also buy fractions of them just like that pesky Bitcoin stuff.
hero member
Activity: 560
Merit: 500
all know bitcoin potencial is unlimited but let me ask you would you pay 10k dollars for 1 bitcoin? some people paid 1000 dollars and regret it ,anyway  i believe on potencial but i guess to retire on the next 20 years i  dont see bitcoin on such value may happen
legendary
Activity: 1582
Merit: 1064
i believe in bitcoin but 1 bitcoin at 10000 dollars sounds unreal,soo my bet here it would be it reach 1500 dollars on maturity and i guess 400bitcoins would be enought

1500 dollars per coin would make it a negligible presence in global terms. It would be of zero use to commerce or finance. If it stalled at that level it would eventually drop back and fade away when it became clear that genuine adoption would never happen.

A $1500 valuation would make Bitcoin's market cap smaller than Bangladesh's secondary stock exchange. That's not exactly stellar in terms of world finance.

Yep just look at it, ther will be a massive shift of wealth from the top 1% to another top 1%, hopefully the bitcoin rich guys have better morals than the current elite.

I like rich people, i also like poor people, but folks all we need mostly is people who can create wealth for all of us, and not for those who strip it away our hard earned money like with the current pension system.

The current elite will continue to be wealthy. It is just that there will be another class of wealthy guys, who made it through Bitcoin.
Diversification is always good.
sr. member
Activity: 1148
Merit: 252
Undeads.com - P2E Runner Game
i believe in bitcoin but 1 bitcoin at 10000 dollars sounds unreal,soo my bet here it would be it reach 1500 dollars on maturity and i guess 400bitcoins would be enought

1500 dollars per coin would make it a negligible presence in global terms. It would be of zero use to commerce or finance. If it stalled at that level it would eventually drop back and fade away when it became clear that genuine adoption would never happen.

A $1500 valuation would make Bitcoin's market cap smaller than Bangladesh's secondary stock exchange. That's not exactly stellar in terms of world finance.

Yep just look at it, ther will be a massive shift of wealth from the top 1% to another top 1%, hopefully the bitcoin rich guys have better morals than the current elite.

I like rich people, i also like poor people, but folks all we need mostly is people who can create wealth for all of us, and not for those who strip it away our hard earned money like with the current pension system.
sr. member
Activity: 322
Merit: 250
i believe in bitcoin but 1 bitcoin at 10000 dollars sounds unreal,soo my bet here it would be it reach 1500 dollars on maturity and i guess 400bitcoins would be enought

1500 dollars per coin would make it a negligible presence in global terms. It would be of zero use to commerce or finance. If it stalled at that level it would eventually drop back and fade away when it became clear that genuine adoption would never happen.

A $1500 valuation would make Bitcoin's market cap smaller than Bangladesh's secondary stock exchange. That's not exactly stellar in terms of world finance.
you can repeatedly explain a basic concept to some people 100x and they still won't understand. It's clear some people do not have the capacity to understand these numbers, all they can think is "it's too good to be true so it can't happen".
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
i believe in bitcoin but 1 bitcoin at 10000 dollars sounds unreal,soo my bet here it would be it reach 1500 dollars on maturity and i guess 400bitcoins would be enought

1500 dollars per coin would make it a negligible presence in global terms. It would be of zero use to commerce or finance. If it stalled at that level it would eventually drop back and fade away when it became clear that genuine adoption would never happen.

A $1500 valuation would make Bitcoin's market cap smaller than Bangladesh's secondary stock exchange. That's not exactly stellar in terms of world finance.
hero member
Activity: 560
Merit: 500
i believe in bitcoin but 1 bitcoin at 10000 dollars sounds unreal,soo my bet here it would be it reach 1500 dollars on maturity and i guess 400bitcoins would be enought
legendary
Activity: 1092
Merit: 1000
In many places of this forum bitcoin's target value was set at 10.000$ so you should be fine with 100btc,
it depends on at what age you'd be retiring 1.000.000 would make for a very comfortable living
hero member
Activity: 770
Merit: 509
The best way and without any thinking is to just mine as many as you can you never know how many you'll be needing

You'd need a big ass pile of cash to start mining in a meaningful manner now. Those days are a pretty much gone for the little people.

The only realistic way to make Bitcoin that involves mining is mining the right altcoin and selling at the right time. Namely, mining altcoin number "8393589" while its cheap and easy. Wait for the pump. Sell right at the top. Profit.
If you did this with some coins such as Darkcoin, Nautiluscoin, Doge, Monero... and tons other, you could have made tons and tons of money.
So what you're saying is, if you guessed the lottery numbers correctly week after week, you could've made tons and tons of money.

I agree.

Of course is a lottery, but you have better odds than in regular lotery where it's raw luck. In the altcoin pump and dump business, you can take somewhat informed guesses on what is a good coin and what chances does it have to eventually get a decent pump. For example, right now Maidsafe is extremely undervalued. Buy tons over 10k and wait for a while until a big pump happens. Maidsafe is a legit and huge project that will go really far.
hero member
Activity: 560
Merit: 500
bitcoin hasnt a limit of where it can reach above soo those makes the speculation become very interesting the same way as gold did some years ago
legendary
Activity: 3248
Merit: 1070
BItcoin has stabilized at 200 USD. So calculate what you need and count the extra as a bonus.

200 was the last previous stabilization, now we can call 250 stable, and within one or two months we can touch 300 and be stable

and surely this is not reflecting its real value, you can calculate based on current price, with the immense potential of bitcoin, it would also mean having 5k bitcoin at very least, no one will buy such amount
sr. member
Activity: 1148
Merit: 252
Undeads.com - P2E Runner Game
BItcoin has stabilized at 200 USD. So calculate what you need and count the extra as a bonus.

Yep i guess 200 dollar is the current market value of bitcoin, however its intrinsic value is much higher (i`d say about 400-500$ now)

Its nice to see that the 200 $ support held for almost a 1 year, even though we experienced a 10% inflation since then.

So it really looks as if 200$ is the minimum bottom price that it will ever hit again Smiley
sr. member
Activity: 335
Merit: 250
BItcoin has stabilized at 200 USD. So calculate what you need and count the extra as a bonus.
hero member
Activity: 560
Merit: 500
some people think that everyone wins but not true in exchanges someone loses , that is up to someone else has to fall unfortunately do not have a method of all gain and rise, who some mining altcoins expects that it values ​​and can be become rich , only the bitcoin achieved this level , and only a few people drastically changed their lives while others lost their investments and mourn the fall of bitcoin .

On the value of bitcoin and my expectation that in the next five years to reach 500 dollars a realistic vision , a dreamy version , that is in 1000 dollars , on top of that just next 10 or 20 years will be able to show us the true value , and my dream that bitcoin is like gold , rare and precious , that all covet , so this will break records and will be able to be equated with gold and other material possessions
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
The best way and without any thinking is to just mine as many as you can you never know how many you'll be needing

You'd need a big ass pile of cash to start mining in a meaningful manner now. Those days are a pretty much gone for the little people.

The only realistic way to make Bitcoin that involves mining is mining the right altcoin and selling at the right time. Namely, mining altcoin number "8393589" while its cheap and easy. Wait for the pump. Sell right at the top. Profit.
If you did this with some coins such as Darkcoin, Nautiluscoin, Doge, Monero... and tons other, you could have made tons and tons of money.
So what you're saying is, if you guessed the lottery numbers correctly week after week, you could've made tons and tons of money.

I agree.

With good trading skills, mining and selling coins after studying charts and infographics and being updated about the market and what's happening to things which affect the market, however work it takes, it makes your guess more accurate so I think it can be referred more as a research cheat code rather than a gamble to know the right time to sell coins. I gotta admit though, its really fucking hard.

It' isn't easy and it is very hit and miss but it is profitable and doable if you get more hits than misses. I am now growing my own digital currency after playing around with a lot of them and my Husband does the odd translation into Chinese for a bounty. So you could do some odd jobs needed for Coin Devs and get some payments and then convert to BTC.. You need a lot of patience and skills and due diligence as well.
hero member
Activity: 994
Merit: 1000
The best way and without any thinking is to just mine as many as you can you never know how many you'll be needing

You'd need a big ass pile of cash to start mining in a meaningful manner now. Those days are a pretty much gone for the little people.

The only realistic way to make Bitcoin that involves mining is mining the right altcoin and selling at the right time. Namely, mining altcoin number "8393589" while its cheap and easy. Wait for the pump. Sell right at the top. Profit.
If you did this with some coins such as Darkcoin, Nautiluscoin, Doge, Monero... and tons other, you could have made tons and tons of money.
So what you're saying is, if you guessed the lottery numbers correctly week after week, you could've made tons and tons of money.

I agree.

With good trading skills, mining and selling coins after studying charts and infographics and being updated about the market and what's happening to things which affect the market, however work it takes, it makes your guess more accurate so I think it can be referred more as a research cheat code rather than a gamble to know the right time to sell coins. I gotta admit though, its really fucking hard.
sr. member
Activity: 322
Merit: 250
The best way and without any thinking is to just mine as many as you can you never know how many you'll be needing

You'd need a big ass pile of cash to start mining in a meaningful manner now. Those days are a pretty much gone for the little people.

The only realistic way to make Bitcoin that involves mining is mining the right altcoin and selling at the right time. Namely, mining altcoin number "8393589" while its cheap and easy. Wait for the pump. Sell right at the top. Profit.
If you did this with some coins such as Darkcoin, Nautiluscoin, Doge, Monero... and tons other, you could have made tons and tons of money.
So what you're saying is, if you guessed the lottery numbers correctly week after week, you could've made tons and tons of money.

I agree.
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