Topic: How many bitcoins do I need to retire in 20 years? - page 144. (Read 320337 times)
1000 bitcoins is enough to retire, which is about a quarter milllion dollars
i'm not sure about, how much hard it is, but it does not look so easy right now, also if you maintain a 1:1 ratio between users and price, then x100 would be at best 20k and not 50k as you said
Take the average price in the 2014-15 period. It comes to around $500. So x100 would equal $50,000. I have a feeling that the Bitcoin is heavily undervalued right now. That said, getting 10 million new users will be quite tough. Means that we need two million of them every year. But right now, there is not much to attract new users.
Nice prediction. But can it be like that i agree that if you take that calculation price would have to go now over 50K or by 2020. No matter this is hard to happen so much must be set in motion for this not just saying or speculating.
Although it would be hilarious to see it goes over 50K, i hope to see it in my lifetime.
Although it would be hilarious to see it goes over 50K, i hope to see it in my lifetime.
Reaching $50,000 is not that hard at all. Right now, we have less than 100,000 individuals who actively use Bitcoin. Imagine what would happen, if that figure increases to 10 million (a factor of 100x). 2020 is a long way off, and I am hopeful that we will be able to reach that figure without much difficulty.
i'm not sure about, how much hard it is, but it does not look so easy right now, also if you maintain a 1:1 ratio between users and price, then x100 would be at best 20k and not 50k as you said
50k is a long wait target, it is not something that could happen with just two more halving...yeah one can hope, can speculate but still i think it's a bit out of reality
we are still struggling to keep the current position, best not to disappoint yourself ahead of time
Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
You need only 5BTC for that
If Bitcoin rising to 1000$ again you can buy a yacht or anything
Bitcoin price is too volatile to rely on it for retirement. Who knows how much will it be in 10 year's time? I would at maximum invest less than 10% of my wealth in bitcoin.
Yes, I think it's not a good idea.
Bitcoin price is too volatile to rely on it for retirement. Who knows how much will it be in 10 year's time? I would at maximum invest less than 10% of my wealth in bitcoin.
Nice prediction. But can it be like that i agree that if you take that calculation price would have to go now over 50K or by 2020. No matter this is hard to happen so much must be set in motion for this not just saying or speculating.
Although it would be hilarious to see it goes over 50K, i hope to see it in my lifetime.
Although it would be hilarious to see it goes over 50K, i hope to see it in my lifetime.
Reaching $50,000 is not that hard at all. Right now, we have less than 100,000 individuals who actively use Bitcoin. Imagine what would happen, if that figure increases to 10 million (a factor of 100x). 2020 is a long way off, and I am hopeful that we will be able to reach that figure without much difficulty.
Next 20 years means that you are going to retire in 2035. It will be extremely hard to predict the Bitcoin exchange rates then. Well... let me take a rough calculation.
Bitcoin exchange rates increased by 230,000 times in the last 5 years (from $0.001 to $230)
So let's expect that, it will increase by 230 times in the next 5 years. (from $230 to $52,900)
Then let's assume that it will increase by 2.3x every 5 year from 2020 onward.
So by 2035, the exchange rates comes to $643,000.
And USD in 2035 will be having around 50% of the net worth of the USD in 2015. So I'll say that you need BTC worth some $2 million USD (2035) to retire. That means that you should be having BTC3 to BTC5.
Bitcoin exchange rates increased by 230,000 times in the last 5 years (from $0.001 to $230)
So let's expect that, it will increase by 230 times in the next 5 years. (from $230 to $52,900)
Then let's assume that it will increase by 2.3x every 5 year from 2020 onward.
So by 2035, the exchange rates comes to $643,000.
And USD in 2035 will be having around 50% of the net worth of the USD in 2015. So I'll say that you need BTC worth some $2 million USD (2035) to retire. That means that you should be having BTC3 to BTC5.
Nice prediction. But can it be like that i agree that if you take that calculation price would have to go now over 50K or by 2020. No matter this is hard to happen so much must be set in motion for this not just saying or speculating.
Although it would be hilarious to see it goes over 50K, i hope to see it in my lifetime.
for 20 years you retire life i think you must have not less than 5k btc but we never know what happen to bitcoin price in the next 20 year
could be back to $0.001 or more high than $1000 and if may i to suggest don't keep bitcoin for the next 20 year and you better keep the real money for you life
could be back to $0.001 or more high than $1000 and if may i to suggest don't keep bitcoin for the next 20 year and you better keep the real money for you life
Next 20 years means that you are going to retire in 2035. It will be extremely hard to predict the Bitcoin exchange rates then. Well... let me take a rough calculation.
Bitcoin exchange rates increased by 230,000 times in the last 5 years (from $0.001 to $230)
So let's expect that, it will increase by 230 times in the next 5 years. (from $230 to $52,900)
Then let's assume that it will increase by 2.3x every 5 year from 2020 onward.
So by 2035, the exchange rates comes to $643,000.
And USD in 2035 will be having around 50% of the net worth of the USD in 2015. So I'll say that you need BTC worth some $2 million USD (2035) to retire. That means that you should be having BTC3 to BTC5.
Bitcoin exchange rates increased by 230,000 times in the last 5 years (from $0.001 to $230)
So let's expect that, it will increase by 230 times in the next 5 years. (from $230 to $52,900)
Then let's assume that it will increase by 2.3x every 5 year from 2020 onward.
So by 2035, the exchange rates comes to $643,000.
And USD in 2035 will be having around 50% of the net worth of the USD in 2015. So I'll say that you need BTC worth some $2 million USD (2035) to retire. That means that you should be having BTC3 to BTC5.
the thing is we dont and arent able to predict the worth of bitcoin on the next year ,even the next 5 years and hell the next 20 years sounds like a dream.... your childs will grow and we will see how btc will stand over the next years...
20 years for some reason sounds like a nightmare.
I guess its just the time duration we had to see the last 6 years to see any form of progress.
the thing is we dont and arent able to predict the worth of bitcoin on the next year ,even the next 5 years and hell the next 20 years sounds like a dream.... your childs will grow and we will see how btc will stand over the next years...
Depending how much you spend right in your retired years.
Id probably want 50 btc if not more lol. Cause more never hurts, if anything it just makes you able to do more things.
But, I`d probably retire and get so bored after the 1st year that id launch projects or something.
Id probably want 50 btc if not more lol. Cause more never hurts, if anything it just makes you able to do more things.
But, I`d probably retire and get so bored after the 1st year that id launch projects or something.
i want to spend my retired days with luxury thats why i am investing my present time to earn good bitcoins and 2 bitcoins is not enough for me ! i think i need more than 1k bitcoin in my account then my all dreams become true
Same here. But it totally depends upon the life style and the standard of living of an individual as it varies from each other so If you are looking for some lavish lifestyle after getting retire then I believe an individual should atleast hold around 2k bitcoins and then dreams will follow..
100 BTC is enough for a luxury retirement life.
Even 50 BTC is more then enough i guess to have an luxurious retirement life as 20 years is a very long time and the value of BTC we cant imagine where it would reach in next 20 years and if you have excess fund you can go with gold as the prices of gold would also raise in next 20 years.
to retire you would need something around 2000bitcoins that will worth something near half milion dollars ,this is the bitcoin price wont falls
You would need a price of 10.000 USD per coin to reach 1MM. Bitcoin could reach that price during a bubble in the future, but it would be a temporal one, so you would need to risk it an sell it all thinking 10.000 is the bubble's peak, but with Bitcoin you never know and you might be missing on mayor gains way beyond 10K.
1 million dollars will not give anyone a luxury lifestyle anyway tho.
Preventing starvation in old age is more important than luxury. A million dollars doesn't go far over what might be another 20-30 years but if you're careful you could stretch that out to provide relative comfort.
i want to spend my retired days with luxury thats why i am investing my present time to earn good bitcoins and 2 bitcoins is not enough for me ! i think i need more than 1k bitcoin in my account then my all dreams become true
Same here. But it totally depends upon the life style and the standard of living of an individual as it varies from each other so If you are looking for some lavish lifestyle after getting retire then I believe an individual should atleast hold around 2k bitcoins and then dreams will follow..
100 BTC is enough for a luxury retirement life.
You would need a price of 10.000 USD per coin to reach 1MM. Bitcoin could reach that price during a bubble in the future, but it would be a temporal one, so you would need to risk it an sell it all thinking 10.000 is the bubble's peak, but with Bitcoin you never know and you might be missing on mayor gains way beyond 10K.
1 million dollars will not give anyone a luxury lifestyle anyway tho.
i want to spend my retired days with luxury thats why i am investing my present time to earn good bitcoins and 2 bitcoins is not enough for me ! i think i need more than 1k bitcoin in my account then my all dreams become true
Same here. But it totally depends upon the life style and the standard of living of an individual as it varies from each other so If you are looking for some lavish lifestyle after getting retire then I believe an individual should atleast hold around 2k bitcoins and then dreams will follow..
100 BTC is enough for a luxury retirement life.
With current price its not enough but if price goes up ass expected then is reasonable amount of btc in account. Off course it can easily happen for price to go bottom ass well.
i want to spend my retired days with luxury thats why i am investing my present time to earn good bitcoins and 2 bitcoins is not enough for me ! i think i need more than 1k bitcoin in my account then my all dreams become true
Same here. But it totally depends upon the life style and the standard of living of an individual as it varies from each other so If you are looking for some lavish lifestyle after getting retire then I believe an individual should atleast hold around 2k bitcoins and then dreams will follow..
100 BTC is enough for a luxury retirement life.
i want to spend my retired days with luxury thats why i am investing my present time to earn good bitcoins and 2 bitcoins is not enough for me ! i think i need more than 1k bitcoin in my account then my all dreams become true
Same here. But it totally depends upon the life style and the standard of living of an individual as it varies from each other so If you are looking for some lavish lifestyle after getting retire then I believe an individual should atleast hold around 2k bitcoins and then dreams will follow..
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