Some of you guys say you only need 20 lol.
I say youd need a minimum of like 100-200 incase of the price flux, or other events so despite all those things youd be still good.
Topic: How many bitcoins do I need to retire in 20 years? - page 145. (Read 320352 times)
Well the price has been holding for the last month in the $200 now. So if it stays that for the entire year or increases, you wont have to worry about food cost lol.
As for retirement though, thats such a huge gamble, since price flexs all daily. I`d expect to still work, but not as hard for the 20 years.
As for retirement though, thats such a huge gamble, since price flexs all daily. I`d expect to still work, but not as hard for the 20 years.
Get 20 BTC Wait till it goes up in the market and you'll be able to retire no problem 
20 are a bit too low, i would say get 100, then wait for 10k price and you will be able to retire securely, with 20 you need something like 50k per coins(a bit too pretentious if you ask me), or 25k, assuming that one needs at least $1M to retire(usually this is a good amount for everyone)
$1M is a good estimate, but only if you are living in affordable places, if you are in like Toronto, then that million goes away fast if you are not working. You also have to take taxes into account.. how much that $1M will be after taxes? will the interest be enough and are you going to really keep all of that on a bank and 0 on BTC?
To be safe, get two Bitcoins.
Just two bitcoins, I don't think it will work out, the more higher is great. Though something like waiting to get after 20 years, is not a serious thought according to me, since in span of 20 years, who knows so many thing would happen or not, things changes, so digital world would also change, thoughts and ideas will be different, Investing is better than savings.
Get 20 BTC Wait till it goes up in the market and you'll be able to retire no problem
If you have 20 of it then it will be better if you convert it to FIAT instead because there is a chance that BTC could be worthless while you already retire
then wait for 10k price and you will be able to retire securely
This is a bit delusional and quite unrealistic, you are probably be dead by the time BTC ever reach that value. Basically that value could be well reach only if the entire supply are mine plus a worldwide adoption and that would take about 100+ years from now just to mine the entire supply or that BTC could be worthless by the time you are still waiting for this $10k
Get 20 BTC Wait till it goes up in the market and you'll be able to retire no problem
If you have 20 of it then it will be better if you convert it to FIAT instead because there is a chance that BTC could be worthless while you already retire
then wait for 10k price and you will be able to retire securely
This is a bit delusional and quite unrealistic, you are probably be dead by the time BTC ever reach that value. Basically that value could be well reach only if the entire supply are mine plus a worldwide adoption and that would take about 100+ years from now just to mine the entire supply or that BTC could be worthless by the time you are still waiting for this $10k
10 bitcoins looks nice.
Im hoping to always have at least 10 bitcoins for longer term 5 years+. Any other coins will be real hard to sell if we hit many thousand per coin. Its really hard to answer the Question though OP. Right now though most people should be able to afford to hold say 2 bitcoins.
Get 20 BTC Wait till it goes up in the market and you'll be able to retire no problem
20 are a bit too low, i would say get 100, then wait for 10k price and you will be able to retire securely, with 20 you need something like 50k per coins(a bit too pretentious if you ask me), or 25k, assuming that one needs at least $1M to retire(usually this is a good amount for everyone)
Get 20 BTC Wait till it goes up in the market and you'll be able to retire no problem
People never satisfied what they have now and will have it more and more before they collapse. If there are still many of this coins I dont think they will stop and retire in 20 years more. Money will never end anyway. What do I know is people will stop earn in when bitcoin is start to vanish in this world and I dont know when will that time is may be in 10 years later or next 20 years who know what will happen until that time come
Nothing points to Bitcoin disappearing in the next 10-20 years, all the fundamental dangerous catastrophic bugs have been already solved, bugs that could arise form now on could be superficial bugs, it would never have an impact on past transactions which is the dangerous shit.
People never satisfied what they have now and will have it more and more before they collapse. If there are still many of this coins I dont think they will stop and retire in 20 years more. Money will never end anyway. What do I know is people will stop earn in when bitcoin is start to vanish in this world and I dont know when will that time is may be in 10 years later or next 20 years who know what will happen until that time come
Probably more than will ever exist. Advancements in technology will be so quick and unpredictable by that time that thinking Bitcoin will be around for sure is a foolish thought. It could, but betting your retirement on it is surely not advisable.
This is an impossible question. I would say not many because the value should go way up. But it could go down to nothing as well. I dont think it is likely but the point is tha tyou should never put all of your eggs in one basket especially where retirement is concerned.
It's almost impossible to answer this question for a multitude of reasons, but I'm attempting to get my total bitcoin holdings to 100 coins to save for the future and I'm almost half way there. Not expecting to get rich from them or anything but I think its a nice amount to have. I would certainly like to actually spend the coins in the future rather than cash them out as well so hopefully the appropriate merchants and infrastructure will be there in the future for me to do so.
Real question is how many on which price current or some bigger speculated or even less then this one is.
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?
Well the way bitcoin price index is moving I don't think you would want to retire with BTC in 20 years. But hope the mrket price pulls up and 100 BTC is enough for your comfortable living.
Its more like find a job asap or you should of have had one while investing in bitcoin, until it goes crazy valuations.
Until then, its barely enough to buy groceries.
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?
Well the way bitcoin price index is moving I don't think you would want to retire with BTC in 20 years. But hope the mrket price pulls up and 100 BTC is enough for your comfortable living.
I like how the topic went from how many bitcoin you need to retire, to realistic scene where how much bitcoin you need to feed yourself per day lol.
As for the price cost, I spent $14 on average per day for cold press juicing, but im not sure everyones into that. It replaces all 3 meals.
I keep a 64oz mason jar for all the kale etc.
As for the price cost, I spent $14 on average per day for cold press juicing, but im not sure everyones into that. It replaces all 3 meals.
I keep a 64oz mason jar for all the kale etc.
Maybe the guy is a bodybuilder and is bulking. I've known professional IFBB bodybuilders and they easily spend more than 45 USD in food daily.
Are you high? $45 a day for food for 3 people? More like $20. Unless you're 300 pounds and never work out.
Where do you live that you're feeding three people for $20 a day TOTAL?
That's ~$6 per day per person...
In some third world country.
Dozen Eggs = $2.36
1 liter milk = $1.02
loaf of bread = $2.45
1 KG Apples = $3.84
Head of Lettuce = $1.60
1 kg Potato = $2.46
28oz Turkey = $6.98
total = $20.71
If you can't feed 3 people in one day with the above you are doing food wrong. This is just the first day of shopping. Some of what's listed would last multiple days.
Most 'working class' American's food budget includes luxuries like Starbucks Coffee, Fastfood, junk food, multiple trips to the vending machine at work, new fad health foods, the occasional visit to Chiles, etc..
Where I live:
Dozen Eggs = $1.39 (sometimes as low as $.99)
1 galon milk = $2.09 (sometimes as low as $1.89)
loaf of bread = $.89
1 Bag of Apples = $3.84 (I'll just keep this # the same)
Head of Lettuce = $.99
10 lbs Potato = $2.46 (kept the same)
10 lbs Chicken (legs/thighs) = $7.95
total = $19.61 [+ $.49 (can of corn) = $20]
Only 90 cents cheaper, but more food.
On a side note, sugar went from $1.39 for 4 lbs to $2.22 in a week's time. Like WTF!
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