How many bitcoins do I need to retire in 20 years? - page 133.

cellard

legendary

Activity: 1372

Merit: 1252

Quote from: gentlemand on July 16, 2015, 11:54:56 AM

Quote from: pigzone on July 16, 2015, 11:20:01 AM

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.

mearylll

sr. member

Activity: 315

Merit: 250

Quote from: Mehek on July 12, 2015, 05:20:22 AM

Quote from: Alley on April 28, 2014, 12:04:32 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 the more you buy bitcoins, the better. But since you said , not so much money is required as to buy yachts aand mansions buying just three to four bitcoins is enough since in 20 years bitcoins' value will shoot up to the sky. The chances are of you becoming a millionaire with just four to five , dude! If you have financial stability now, I think you should go for it.

You cannot be so sure that the value of bitcoin will reach the sky there are also chances that it would get disappear totally. So trusting bitcoins blindly is not a great idea and we should keep it short term rather than thinking for next 20 years.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: pigzone on July 16, 2015, 11:20:01 AM

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.

pigzone

newbie

Activity: 42

Merit: 0

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

zeraTunerse

hero member

Activity: 546

Merit: 500

Quote from: harlenadler on July 12, 2015, 01:43:17 AM

I think that in 20 years, there will be nothing name "bitcoin" itself. I think the technology and concept will continue to grow and expand until we have something that can fix the current flaws that bitcoin has. This could go on to be further supported by governments, and thus be more widely accepted in a modern world.

But just in case I'm wrong, I'm going to keep a few bitcoins on me just in case, as a Retirement Plan B Wink

Yeah let it make it short like say for next 5 years. I think 50 BTC would be great for next 5 years as you cannot wait for next 20 years as there would be many new currencies would enter the market and we don't know bitcoins will survive for next 20 years or not.

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: Amph on July 16, 2015, 02:29:20 AM

Quote from: BTCevo on July 15, 2015, 11:25:44 PM

Quote from: Miracal on July 13, 2015, 11:01:17 AM

Quote from: dollarneed on July 13, 2015, 07:26:55 AM

Quote from: azguard on July 13, 2015, 06:46:51 AM

Quote from: bit1 on July 09, 2015, 12:38:48 PM

Maybe invest on LTC could be good idea too.....

i will invest in ltc maybe in some other coin too but like always 50% keep in btc 25% invest in something and 25% i withdraw

What do you think about LTC especially for it progress in 5 years maybe, i would stored 10 LTC i think the price will be up because its have own market and have big comunity like bitcoin and dogecoin,beside to stored bitcoin i think litecoin is a best way to

LTC is an altcoin, just like other coins like dogecoin. Altcoins wouldn't exist if bitcoins won't exist. In the long term you know bitcoin will always have an upper hand and more chances of acceptance and adoption in the future so other altcoins are just trading pump and dump coins which can be used to make quick money out of.

But altcoin like LTC or dash have a great future too, the price is increasing too. Both of them are not pump and dump too, you will get a good amount if you invest in it. IMO old altcoin is better compare to new altcoin, and a new altcoin is just pump and dump coins because they just make it only for miners not really want to get it big

maybe monero is a better candidate because it actually offer something, besides being a pure clone, litcoin only offer what? its name that's all, strong name work sometime and that's the case, the same for doge which reflect a meme

what is sure, is that at least another coin will play side by side with bitcoin, i'm sure about that, especially when bitcoin will go mainstream and the regulation will be to fierce, people will start to use more obscured and unknown coins

like they are using bitcoin now instead of fiat

Yes monero also good enough but when compare to volume of the trade I think LTC is far winning from them that will make LTC is fast in earning. See this http://coinmarketcap.com/. The different monero and LTC is so far in 24hours like around thousands percent. Dash and doge have a better volume than monero in 24 hours trading

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: BTCevo on July 15, 2015, 11:25:44 PM

Quote from: Miracal on July 13, 2015, 11:01:17 AM

Quote from: dollarneed on July 13, 2015, 07:26:55 AM

Quote from: azguard on July 13, 2015, 06:46:51 AM

Quote from: bit1 on July 09, 2015, 12:38:48 PM

Maybe invest on LTC could be good idea too.....

i will invest in ltc maybe in some other coin too but like always 50% keep in btc 25% invest in something and 25% i withdraw

What do you think about LTC especially for it progress in 5 years maybe, i would stored 10 LTC i think the price will be up because its have own market and have big comunity like bitcoin and dogecoin,beside to stored bitcoin i think litecoin is a best way to

LTC is an altcoin, just like other coins like dogecoin. Altcoins wouldn't exist if bitcoins won't exist. In the long term you know bitcoin will always have an upper hand and more chances of acceptance and adoption in the future so other altcoins are just trading pump and dump coins which can be used to make quick money out of.

But altcoin like LTC or dash have a great future too, the price is increasing too. Both of them are not pump and dump too, you will get a good amount if you invest in it. IMO old altcoin is better compare to new altcoin, and a new altcoin is just pump and dump coins because they just make it only for miners not really want to get it big

maybe monero is a better candidate because it actually offer something, besides being a pure clone, litcoin only offer what? its name that's all, strong name work sometime and that's the case, the same for doge which reflect a meme

what is sure, is that at least another coin will play side by side with bitcoin, i'm sure about that, especially when bitcoin will go mainstream and the regulation will be too fierce, people will start to use more obscured and unknown coins

like they are using bitcoin now instead of fiat

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: Miracal on July 13, 2015, 11:01:17 AM

Quote from: dollarneed on July 13, 2015, 07:26:55 AM

Quote from: azguard on July 13, 2015, 06:46:51 AM

Quote from: bit1 on July 09, 2015, 12:38:48 PM

Maybe invest on LTC could be good idea too.....

i will invest in ltc maybe in some other coin too but like always 50% keep in btc 25% invest in something and 25% i withdraw

What do you think about LTC especially for it progress in 5 years maybe, i would stored 10 LTC i think the price will be up because its have own market and have big comunity like bitcoin and dogecoin,beside to stored bitcoin i think litecoin is a best way to

LTC is an altcoin, just like other coins like dogecoin. Altcoins wouldn't exist if bitcoins won't exist. In the long term you know bitcoin will always have an upper hand and more chances of acceptance and adoption in the future so other altcoins are just trading pump and dump coins which can be used to make quick money out of.

But altcoin like LTC or dash have a great future too, the price is increasing too. Both of them are not pump and dump too, you will get a good amount if you invest in it. IMO old altcoin is better compare to new altcoin, and a new altcoin is just pump and dump coins because they just make it only for miners not really want to get it big

Miracal

sr. member

Activity: 350

Merit: 250

Quote from: dollarneed on July 13, 2015, 07:26:55 AM

Quote from: azguard on July 13, 2015, 06:46:51 AM

Quote from: bit1 on July 09, 2015, 12:38:48 PM

Maybe invest on LTC could be good idea too.....

i will invest in ltc maybe in some other coin too but like always 50% keep in btc 25% invest in something and 25% i withdraw

What do you think about LTC especially for it progress in 5 years maybe, i would stored 10 LTC i think the price will be up because its have own market and have big comunity like bitcoin and dogecoin,beside to stored bitcoin i think litecoin is a best way to

LTC is an altcoin, just like other coins like dogecoin. Altcoins wouldn't exist if bitcoins won't exist. In the long term you know bitcoin will always have an upper hand and more chances of acceptance and adoption in the future so other altcoins are just trading pump and dump coins which can be used to make quick money out of.

dollarneed

hero member

Activity: 742

Merit: 500

Quote from: azguard on July 13, 2015, 06:46:51 AM

Quote from: bit1 on July 09, 2015, 12:38:48 PM

Maybe invest on LTC could be good idea too.....

i will invest in ltc maybe in some other coin too but like always 50% keep in btc 25% invest in something and 25% i withdraw

What do you think about LTC especially for it progress in 5 years maybe, i would stored 10 LTC i think the price will be up because its have own market and have big comunity like bitcoin and dogecoin,beside to stored bitcoin i think litecoin is a best way to

azguard

legendary

Activity: 1484

Merit: 1001

Crypto-News.net: News from Crypto World

Quote from: bit1 on July 09, 2015, 12:38:48 PM

Maybe invest on LTC could be good idea too.....

i will invest in ltc maybe in some other coin too but like always 50% keep in btc 25% invest in something and 25% i withdraw

greBit

hero member

Activity: 714

Merit: 500

Quote from: Zorrocoin on July 12, 2015, 05:33:14 AM

Quote from: Tron on April 28, 2014, 12:17:29 PM

To be safe, get two Bitcoins.

You will be rich as fuck if you buy 10 bitcoins and save it until 20 years I guarantee.

Can you? There is absolutely no way to guarantee what could happen in the next 20 years if you are not having direct control over that action. A lot of things can go wrong, people don't adopt bitcoin and rather lose faith in bitcoin, the bitcoin scams increase or worst, a huge hack takes place which takes away most of the bitcoins from half the bitcoin holders. You still think that you can guarantee to just be rich by buying bitcoins?

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: harlenadler on July 12, 2015, 01:43:17 AM

I think that in 20 years, there will be nothing name "bitcoin" itself. I think the technology and concept will continue to grow and expand until we have something that can fix the current flaws that bitcoin has. This could go on to be further supported by governments, and thus be more widely accepted in a modern world.

But just in case I'm wrong, I'm going to keep a few bitcoins on me just in case, as a Retirement Plan B Wink

It's quite that possible Bitcoin itself will still be out in front but it won't in any way resemble what we think of as BTC now.

It'll allow you to take your antique coins and spend them but the current mining and wallet systems will look pathetically quaint.

Zorrocoin

sr. member

Activity: 336

Merit: 250

Quote from: Tron on April 28, 2014, 12:17:29 PM

To be safe, get two Bitcoins.

Exactly , you would need not much bitcoins to secure a comfortable or even luxurious living......in about 20 YEARS.
You will be rich as fuck if you buy 10 bitcoins and save it until 20 years I guarantee. But you have to be that patient . I hope you will make it . Good luck.

Miracal

sr. member

Activity: 350

Merit: 250

Quote from: Mehek on July 12, 2015, 05:20:22 AM

Quote from: Alley on April 28, 2014, 12:04:32 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 the more you buy bitcoins, the better. But since you said , not so much money is required as to buy yachts aand mansions buying just three to four bitcoins is enough since in 20 years bitcoins' value will shoot up to the sky. The chances are of you becoming a millionaire with just four to five , dude! If you have financial stability now, I think you should go for it.

I would also advise you to read more about bitcoin, learn more about how things can go wrong and how positive things can be, analyze if you are ready for such a commitment and will you hold or not. When you completely believe in your investment, invest only the amount which you can afford to lose and not have a direct impact on your routine lifestyle.

Mehek

full member

Activity: 154

Merit: 100

Quote from: Alley on April 28, 2014, 12:04:32 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 the more you buy bitcoins, the better. But since you said , not so much money is required as to buy yachts aand mansions buying just three to four bitcoins is enough since in 20 years bitcoins' value will shoot up to the sky. The chances are of you becoming a millionaire with just four to five , dude! If you have financial stability now, I think you should go for it.

HarHarHar9965

hero member

Activity: 994

Merit: 1000

Quote from: harlenadler on July 12, 2015, 01:43:17 AM

I think that in 20 years, there will be nothing name "bitcoin" itself. I think the technology and concept will continue to grow and expand until we have something that can fix the current flaws that bitcoin has. This could go on to be further supported by governments, and thus be more widely accepted in a modern world.

But just in case I'm wrong, I'm going to keep a few bitcoins on me just in case, as a Retirement Plan B Wink

As an agent of chaos, I find some sense in your talk. There can and always will be something better out there and it all depends on peoples' mentality, if they have accepted bitcoin and not ready to leave, then nobody can break the currency relation. The government itself will try to clone bitcoin and force people to adapt it, it depends on how people take that movement. A suppression or an economic revolution.

Amph

legendary

Activity: 3248

Merit: 1070

i think you can retire in 5 years only or 10 at worst, bitcoin will skyrocket much early than many think, remember that progress aren't linear, you only need one good move to achieve a good value

Quote from: Possum577 on July 11, 2015, 11:25:20 PM

Quote from: txbtc on July 11, 2015, 02:59:28 PM

21 the lucky number Wink

assuming that bitcoin is going to keep increasing in value until it reaches global adoption. That's easily an increase in value by 100 times or more, likely more with even moderate estimates. (We're being optimistic, I'm assuming wide-spread adoption.)

What's your math on the "easily an increase in value by 100 times or more" prediction?

This lofty assumptions on where the moon is for bitcoin is fun to talk about but no one has any fact or logic to drive their assumptions. To make these claims without fact or logic is just a game of make-believe, like reading a child's book, it's just fantasy.

Does anyone have any rationale for why bitcoin should increase such significant amounts over the next several years?

it has to do with its scarcity, from a math point of view, bitcoin should increase non linearry and to a very high level, you can also how much of a joke is, its current market cap

but on the other hand you have demand that dictate where an asset will go

harlenadler

sr. member

Activity: 430

Merit: 250

Agent of Chaos

I think that in 20 years, there will be nothing name "bitcoin" itself. I think the technology and concept will continue to grow and expand until we have something that can fix the current flaws that bitcoin has. This could go on to be further supported by governments, and thus be more widely accepted in a modern world.

But just in case I'm wrong, I'm going to keep a few bitcoins on me just in case, as a Retirement Plan B Wink

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Quote from: txbtc on July 11, 2015, 02:59:28 PM

21 the lucky number Wink

assuming that bitcoin is going to keep increasing in value until it reaches global adoption. That's easily an increase in value by 100 times or more, likely more with even moderate estimates. (We're being optimistic, I'm assuming wide-spread adoption.)

What's your math on the "easily an increase in value by 100 times or more" prediction?

This lofty assumptions on where the moon is for bitcoin is fun to talk about but no one has any fact or logic to drive their assumptions. To make these claims without fact or logic is just a game of make-believe, like reading a child's book, it's just fantasy.

Does anyone have any rationale for why bitcoin should increase such significant amounts over the next several years?

Topic: How many bitcoins do I need to retire in 20 years? - page 133. (Read 320352 times)