My current estimate would be 10 Bitcoins.
I think that is a fair estimate.
The more time that goes by, the less coins you will need.
Topic: How many bitcoins do I need to retire in 20 years? - page 150. (Read 320337 times)
Well, I believe 1000 bitcoins would be enough to retire. At least for me. So, try to collect this amount of BTC and you could retire and never work again.
same, but there is a risk involving the fact that bitcoin may be non-existing anymore in the future, replaced by something else
if someone can accumulate that fortune early would be better, the price should be already high, in 5-10 years from now, no need to wait 20...
i am planning to buy ~10 btc when i have money because after 20 years they will be either worth MUCH, or zero 
no need to put your life savings or big part of salary into it
no need to put your life savings or big part of salary into it
Its interesting to play with numbers:
there are about ~ 8 billion people , and there will be 21 million bitcoin, which means if we are to distribute them over population equaly each person would get 0,002625 bitcoin.
If bitcoin gets the real long mainstream attention, and it will either be within OP's 20 years; its obvious that even a fraction of bitcoin will get u far.
For the whole retirement, with the right conditions met, i would say 1 bitcoin would put you in the spotlight til the rest of your life.
cheers
there are about ~ 8 billion people , and there will be 21 million bitcoin, which means if we are to distribute them over population equaly each person would get 0,002625 bitcoin.
If bitcoin gets the real long mainstream attention, and it will either be within OP's 20 years; its obvious that even a fraction of bitcoin will get u far.
For the whole retirement, with the right conditions met, i would say 1 bitcoin would put you in the spotlight til the rest of your life.
cheers
It's easier than that. If Bitcoin becomes mainstream, maybe not 1, but 10 should be enough to retire safely. Why you ask? well simple, mainstream = number of adoption will require that the price is a lot higher than what we've seen thus far. It's maths. If BTC surpasses current electronic payment methods, it would be worth more than 100K if you compare the marketcaps.
Will be hard to do with at most 7 transactions per second
VISA alone does about 1000 times more...
Et tu, dinofelis.
Bitcoin is not a payment system.
Bitcoin is money. Bitcoin is money. Bitcoin is money. Bitcoin is money. You can transfer ownership of bitcoin to someone else. Bitcoin is money. Bitcoin is money. Bitcoin is money. Bitcoin is money.
you don't need too much, may be 10BTC is enough for your retire life after 20 years.
I estimate each coin will be worth $9k. But this is speculative anyway. It might be better to buy something that can provide an income.
litecoin? Out of all the new innovations in altcoins, you choose the one with pretty much the least amount of innovation of them all? o.o
I think atleast 100 bitcoins to be safe.
I predicted that 1 bitcoin can be worth 700k$ if all the current GLOBAL GDP is flushed into it, of course in 20 years the global gdp can be much higher (or lower if these nutjob CB will cause global collapse) so a 700k$/bitcoin is really the cap, so you need like 100 bitcoins to have 70 million $ which hopefully will be enough for your greed
If we are talking about distant future (yes. 20 years in bitcoin world is like 1000 years in real life) and our current technology. I would rather don't point at exact numbers. We all are probably wrong in our assumptions. In 20 years we could already have bitcoin 2.0 or some other form of cryptocurrency or no bitcoin at all.I predicted that 1 bitcoin can be worth 700k$ if all the current GLOBAL GDP is flushed into it, of course in 20 years the global gdp can be much higher (or lower if these nutjob CB will cause global collapse) so a 700k$/bitcoin is really the cap, so you need like 100 bitcoins to have 70 million $ which hopefully will be enough for your greed
I think attention/media will surpass quality, or atleast in the short term (10-20 years)
Otherwise Litecoin is already superior to Bitcoin in any possible way, but the bitcoin is still bigger market cap, simply because it got more attention.
And obviously no other crypto currency will get as much attention as Bitcoin.
Later on there might come a more stable one ,which will be pumped by wallstreet, but for now bitcoin is the most "favorite" currency, and it will stay as such.
Well, I believe 1000 bitcoins would be enough to retire. At least for me. So, try to collect this amount of BTC and you could retire and never work again.
With 1000 bitcoins (quarter of a million dollars), I could actually retire today.
I don't even have to wait for the price to appreciate.
It's easier than that. If Bitcoin becomes mainstream, maybe not 1, but 10 should be enough to retire safely. Why you ask? well simple, mainstream = number of adoption will require that the price is a lot higher than what we've seen thus far. It's maths. If BTC surpasses current electronic payment methods, it would be worth more than 100K if you compare the marketcaps.
Will be hard to do with at most 7 transactions per second
VISA alone does about 1000 times more...
Et tu, dinofelis.
Bitcoin is not a payment system.
Well, I believe 1000 bitcoins would be enough to retire. At least for me. So, try to collect this amount of BTC and you could retire and never work again.
I believe after all bitcoins mined,bitcoin could be get more valuable and even some satoshis could be a value for buy something.if it happens 2-3 bitcoins will be enough for everything for a regular life
That suggests then that roughly 10 million folks get to have a "regular life". What about the other 6 BILLION folks? This is based on a total of 20+ million coins being mined.
I believe after all bitcoins mined,bitcoin could be get more valuable and even some satoshis could be a value for buy something.if it happens 2-3 bitcoins will be enough for everything for a regular life
It's easier than that. If Bitcoin becomes mainstream, maybe not 1, but 10 should be enough to retire safely. Why you ask? well simple, mainstream = number of adoption will require that the price is a lot higher than what we've seen thus far. It's maths. If BTC surpasses current electronic payment methods, it would be worth more than 100K if you compare the marketcaps.
Will be hard to do with at most 7 transactions per second
VISA alone does about 1000 times more...
Et tu, dinofelis.
Bitcoin is not a payment system.
I was reacting to: "If BTC surpasses current electronic payment methods"
I think atleast 100 bitcoins to be safe.
I predicted that 1 bitcoin can be worth 700k$ if all the current GLOBAL GDP is flushed into it, of course in 20 years the global gdp can be much higher (or lower if these nutjob CB will cause global collapse) so a 700k$/bitcoin is really the cap, so you need like 100 bitcoins to have 70 million $ which hopefully will be enough for your greed
If we are talking about distant future (yes. 20 years in bitcoin world is like 1000 years in real life) and our current technology. I would rather don't point at exact numbers. We all are probably wrong in our assumptions. In 20 years we could already have bitcoin 2.0 or some other form of cryptocurrency or no bitcoin at all. I predicted that 1 bitcoin can be worth 700k$ if all the current GLOBAL GDP is flushed into it, of course in 20 years the global gdp can be much higher (or lower if these nutjob CB will cause global collapse) so a 700k$/bitcoin is really the cap, so you need like 100 bitcoins to have 70 million $ which hopefully will be enough for your greed
The # of bitcoins relay back to the price.
So obviously the lower the price, the more quantity you need to get a retirement lol. You may need like 10,000 or more if the rates are super lower.
Right now, if you do the preev current rates for dollars - 10,000 = $265k which is reasonable to get a $50k house in las vegas or somewhere else on in the mid west and retire.
So obviously the lower the price, the more quantity you need to get a retirement lol. You may need like 10,000 or more if the rates are super lower.
Right now, if you do the preev current rates for dollars - 10,000 = $265k which is reasonable to get a $50k house in las vegas or somewhere else on in the mid west and retire.
I think atleast 100 bitcoins to be safe.
I predicted that 1 bitcoin can be worth 700k$ if all the current GLOBAL GDP is flushed into it, of course in 20 years the global gdp can be much higher (or lower if these nutjob CB will cause global collapse) so a 700k$/bitcoin is really the cap, so you need like 100 bitcoins to have 70 million $ which hopefully will be enough for your greed
I predicted that 1 bitcoin can be worth 700k$ if all the current GLOBAL GDP is flushed into it, of course in 20 years the global gdp can be much higher (or lower if these nutjob CB will cause global collapse) so a 700k$/bitcoin is really the cap, so you need like 100 bitcoins to have 70 million $ which hopefully will be enough for your greed
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?
Impossible to answer, bitcoin may not even exist in 20 years. I guess the only answer one could give would be "more than you think".
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?
Impossible to answer, bitcoin may not even exist in 20 years. I guess the only answer one could give would be "more than you think".
Jump to: