How many bitcoins do I need to retire in 20 years? - page 158.

gentlemand

legendary

Activity: 2590

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Welt Am Draht

Quote from: Gyfts on February 14, 2015, 12:12:34 PM

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?

Do depend on Bitcoin to retire is a bit silly. Who's to say their value wouldn't be cut in half over time? Or completely go to nothing? You're better off saving fiat if you want to guarantee yourself a retirement and not throw the future in the air.

Using fiat to find your retirement wouldn't be much cleverer. There aren't many or any options for it to outpace inflation, let alone actually grow. That's why we got investment professionals.

Gyfts

legendary

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Merit: 1515

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?

Do depend on Bitcoin to retire is a bit silly. Who's to say their value wouldn't be cut in half over time? Or completely go to nothing? You're better off saving fiat if you want to guarantee yourself a retirement and not throw the future in the air.

kitarohotono

newbie

Activity: 56

Merit: 0

approximately 0.0000001-21000000 I think

erikalui

legendary

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It may be that bitcoins do not hold any value after 20 years Tongue

Bitcoins are not a reliable currency currently and it has been here for very less time compared to other currencies but the future of bitcoin is not predictable. Soon it may be replaced by another currency.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

I say again (stamps foot) 65 BTC.....( it has nothing to do with me having 65 BTC estimated at end
of life on my knc titan no refund no roi soon to be combination space heater and doorstop ...honest!)

( I have a whim of IRON on this topic!)

(The KNC Titan no refund no roi scrypt miner does make a jim dandy combo space heater/door stop by the by......
its in the basement and has dropped my Gas bill on heating (budget plan) $35 usd a month this winter lol

(Its all about me damn it.....BTC get to 10k already ...I'm impatient!)

noma

full member

Activity: 182

Merit: 100

Quote from: Sindelar1938 on February 14, 2015, 07:05:16 AM

My guess is around 100 will serve

100 is around 25K dollars, and its hard to predict where it will be .No way its enough to retire on.

Sindelar1938

hero member

Activity: 490

Merit: 500

My guess is around 100 will serve

TookDk

legendary

Activity: 1960

Merit: 1062

One coin to rule them all

Quote from: polarhei on February 13, 2015, 10:01:11 PM

I currently don't know how much BTC I will need.

Once retired, then something will be rotten, so don't do it.

Perhaps get 21 BTC,at least?

21 is such a nice number, then will you own 1/1000000 of the bitcoin economy.

grendel25

legendary

Activity: 2296

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won't need that many when 1 satoshi = 1 dollar. As long as bitcoin continues to be accepted and takes root it may actually come to that.

polarhei

sr. member

Activity: 462

Merit: 250

Firing it up

I currently don't know how much BTC I will need.

Once retired, then something will be rotten, so don't do it.

Perhaps get 21 BTC,at least?

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: gentlemand on February 12, 2015, 10:26:16 AM

Quote from: Bralex on February 12, 2015, 10:21:55 AM

My opinion the last is the most likely 10000 at $100 = $1000000

Good luck!

If it's around the $100 level by the time someone retires it'll be failed and abandoned and more likely to be zero.

That's why it's hard to rely solely on bitcoins as a retirement fund because the movements in the market is way too fast. We can only speculate, but we can't be so sure about our speculations. So no, don't rely on bitcoins as your only retirement fund.

KennyTheMartian

member

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Merit: 10

I would say 100 would be a good amount to retire off of in the future.

TookDk

legendary

Activity: 1960

Merit: 1062

One coin to rule them all

Quote from: gentlemand on February 12, 2015, 10:26:16 AM

If it's around the $100 level by the time someone retires it'll be failed and abandoned and more likely to be zero.

Let's hope nobody retire then Cheesy

(trololo)

gentlemand

legendary

Activity: 2590

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Welt Am Draht

Quote from: Bralex on February 12, 2015, 10:21:55 AM

My opinion the last is the most likely 10000 at $100 = $1000000

Good luck!

If it's around the $100 level by the time someone retires it'll be failed and abandoned and more likely to be zero.

Bralex

sr. member

Activity: 308

Merit: 250

Anywhere between 100 - 1000 - 10000

Sorry to be so far between but 100 at the fairytale 10000 = $1000000

1000 at a possible $1000 = $1000000

My opinion the last is the most likely 10000 at $100 = $1000000

Good luck!

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Not to be harsh but if you want to have a retirement fund, go on and invest on some assets that surely increase in value over time (like land and real estate). The risk of getting burned in the end with these assets are less (as more and more people are born every day, the value of space and residence surely goes up too) than bitcoin (a roller coaster ride).

Kprawn

legendary

Activity: 1904

Merit: 1074

I think, the most important thing to consider, would have to be... "Any coins you acquire NOW, could be valued at 10x or 100x more than what it's current value is NOW... and if you have NO coins, you will have NO chance of cashing in on that opporunity, if it comes"

Only 15% of people in the world, retire comfortably at the moment, and they are using the same traditional methods of saving... so it's NOT working. {Most of these methods are linked to inflation .... So if you can find a method to beat inflation.. and I believe Bitcoin could give you that edge... you might have a chance to be part of that 15% of people}

One of the reasons why only 15% of people can retire comfortably, is BAD saving habits... When you decide to invest in Bitcoin, you are breaking that habit, by saving and that puts you in a better position than many other people not doing it.

Good luck.... it's a wild ride... but a fun ride... Grin

igl00

full member

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Merit: 100

imo around 100+

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: BillyBobZorton on February 11, 2015, 10:04:12 AM

Quote from: Searing on February 11, 2015, 04:34:40 AM

Well hopefully by the end of this year 65 btc will be enough?

The old saying goes ..it does not matter WHAT you paid of OVERPAID via miners etc to get your bitcoin..it is WHEN you got your bitcoin
and how much..so if you mined like me and over paid and got burnt and probably should have 100 btc at the end of this year rather then
65 BTC ..IF btc comes to a modest useable success .....and such... those 65 btc of coin EVENTUALLY will be the ticket.....sure in hindsight i over paid or
got burnt equipment or perhaps should not have been as heavily invested in miners.......but it is the fact that I DID dig this amount of coin between say
2013 and 2015 around 65 BTC ....which is 'hopefully' ......gonna be A REALLY REALLY BIG DEAL in say 2020 if price say hit 1k or above (crosses fingers)

the main thing is you got the stash ....now as to the rest.....cross fingers...better then if i was TOO on the ball and did not risk
anything between 2013 and 2015 even if i over paid for some of the equipment in hindsight...(as dumb as some of this stuff turned out to be ...BFL bah......)

so go baby go 10k coin would be nice in 20/20 to say the least (knowing me will prob whine about not getting over 100 coin as
I could make that case with better planning I could have......from past mistakes etc..but then again ..don't think if the above pans out it will really be a problem

(god at even 1k coin I will be such an ass!)

good to have goals

Not by the end of this year... 20/20, maybe. We need mass ass adoption tho, we need to defeat VISA and friends.

sorry mis spoke i ment my stash with mining at the end of this year i'll have 65 coin hoarded

croato

hero member

Activity: 616

Merit: 500

1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr

I have my 1 bitcoin in paper wallet and i hope that will grow in time. I dont know if that will be worth enough to be rich but sure gives me hope and something to deam about lol.

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