How many bitcoins do I need to retire in 20 years? - page 141.

pereira4

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Quote from: knowhow on June 16, 2015, 03:22:16 PM

the thing of facebook make me cry.. facebook is on top currently ,before it we had myspace twiter as other social sites... soo do you really think that facebook will hold forever the kingdom? safe investment?go work ,healty all you need to that lol.about ammount we cant say how much a bitcoin will be worthing on the next 20 years but we will see on the next 5 years how it will goes... how many bitcoins still avaible to be mined as i remember predictions said that about 2050 bitcoin mining should be over soo those time above we will see bitcoin jumping or down....

Twitter before? Twitter is newer than Facebook and as far as I know Twitter is way bigger than Facebook nowadays. No one barely uses Facebook anymore besides login in every once in a while and put some pics, people are more active in Twitter and instagram.
Also comparing Bitcoin with social networks is a fallacious analogy.

knowhow

hero member

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the think to retier in bitcoins sounds a good and bad idea at the same time as btc is volatil but still a long investment project i my self i do my retirement project with a bank soo i can retire in 25 years atleast i hope to be alive to be able to use those money Grin

M28MmickT

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BTG CEO

Depends on how much money you need to have saved to live off of for the rest of your life.
If you want to live in some poor third world country you would need considerably less then if you wanted to retire in London.

wearepoor

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Quote from: doggieTattoo on June 15, 2015, 11:13:50 PM

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?

3 bitcoins is a good deal. Have 1 for emergencies, 1 for luxuries and 1 for financial security.

3 Bitcoins would never serve the purpose it is too low to hold that amount of bitcoins. I suggest to have atleast 50 Bitcoins for the future and one more thing the 20 years span time is too long you cannot wait for such a long time I think holding it for 5 to 10 years would be good and sell it at the best time.

luciann

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Quote from: clipman77 on June 13, 2015, 04:44:02 AM

In 20 years there will be another coin, everyone will forget about Bitcoins.

I dont think that`ll happen if bitcoin fails. What makes anyone want to invest after a main coin goes down?

That pretty much contradicts its value.

knowhow

hero member

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the thing of facebook make me cry.. facebook is on top currently ,before it we had myspace twiter as other social sites... soo do you really think that facebook will hold forever the kingdom? safe investment?go work ,healty all you need to that lol.about ammount we cant say how much a bitcoin will be worthing on the next 20 years but we will see on the next 5 years how it will goes... how many bitcoins still avaible to be mined as i remember predictions said that about 2050 bitcoin mining should be over soo those time above we will see bitcoin jumping or down....

NorrisK

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How about you aqcuire for instance 10 bitcoin and aim to add about 200 USD worth of bitcoin to this every month. (if you can miss this, else less)

Then you are truly building a retirement fund for yourself.

techgeek

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Quote from: cryptotipz on June 16, 2015, 01:06:59 PM

0.01 BTC

Yeah, that can barely afford you to buy a decent meal.

I dont think anyone can obviously live off of 0.01 you troll.

mrhelpful

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Quote from: sgravina on June 16, 2015, 01:53:00 PM

Quote

Re: How many bitcoins do I need to retire in 20 years?

All of them.

You need the entire network for your bitcoins to have value.

Or you can have the rest of us continue to hold bitcoin, so you dont have to buy the whole network.

This whole price of retirement is really based on what bitcoins transactions mainly used for, imo.

sgravina

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Quote

Re: How many bitcoins do I need to retire in 20 years?

All of them.

You need the entire network for your bitcoins to have value.

xavi21

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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?

It's up to bitcoin price in 20 years later
But, i think 100 bitcoin is enough if bitcoin price can reach $200.000 (don't forget about inflation too)

And it's up to where you live too

mrhelpful

legendary

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Prices are too low to afford decent groceries.

If you produce .5 a week, then yeah maybe, anything lower good luck. The minimum average living expense is what you need to think of while those 20 years lol.

At the current rate of course..

cryptotipz

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0.01 BTC

planetroving

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The price of Bitcoin has changed a lot in the past few years. This makes it very difficult to estimate how many Bitcoins people will need for retirement, especially as this topic is talking about the next 20 years. Currencies are highly unpredictable, especially with digital cryptocurrencies. You might think you have saved up enough, and then when you reach there, the price drops. That won't be good. Saving up more than you need would be much better. Although this can be kept in mind, we cannot predict how much you would need for retirement. The price just changes too much.

Erdogan

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A nice thread to blow the mind of newcomers. I am eagerly waiting for another resurrection of the gentleman thread. That means mooning.

futureofbitcoin

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argh... I don't even know why i come back to read this thread. Why do so many people have no brains at all? Can you people try to learn to think critically... I promise it won't hurt.

Falconer

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Quote from: doggieTattoo on June 15, 2015, 11:13:50 PM

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?

3 bitcoins is a good deal. Have 1 for emergencies, 1 for luxuries and 1 for financial security.

It will be great if the price of 1 btc is 10000 USD, and I don't know when it will be happened. Or do you plan to retire at 2200? Grin

I think we can't predict how many bitcoins for retire, it depends the price whether it go up or down. We must make sure the bitcoin price be stable, then you know how much do you need.

Amph

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Quote from: doggieTattoo on June 15, 2015, 11:13:50 PM

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?

3 bitcoins is a good deal. Have 1 for emergencies, 1 for luxuries and 1 for financial security.

3 btc is a bit too low of an amount, aims at least at 10 if you want to retire one day

maybe if someone want to use his bitcoin to help his retirement, then maybe even 1 btc is ok

doggieTattoo

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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?

3 bitcoins is a good deal. Have 1 for emergencies, 1 for luxuries and 1 for financial security.

stromma44

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Quote from: knowhow on June 15, 2015, 08:08:54 PM

there wont be a new coin that will kill bitcoin most of new coins just born and in 1 month or less die ,we stand with doge ,ltc and some others soo as you may see they gain a small worth vs bitcoin... all new coins will be like that newcoinvs bitcoin worth... there isnt a new tecnology all try to do the same as bitcoin

You cannot be so sure about it as we are here talking about next 20 years and anything is possible in next 10 years and ofcourse there will be new currencies which will exist in coming years and who knows it can be better then bitcoins too.

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