How many bitcoins do I need to retire in 20 years? - page 16.

JessicaSe

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Quote from: diegz on August 20, 2016, 03:33:53 AM

Quote from: dmarine on August 20, 2016, 03:00:37 AM

In 20 years, I think 30 BTC may be enough for retirement, if the currency continue with a good level of appreciation and adoption, of course.

I think we could not predict the future, so probably 30 BTC might not be enough.. It is better to have plenty...Bitcoin I think should not be our only retirement fund, there should always be other alternatives just in case bitcoin fails, but one thing is for sure, fiat would not fail, and other investments in real life like real estates...

If you have a plan to get retired only on bitcoins then its always better to have more coins in you wallet, as we don't know what value it will hold in future, either it will be higher or too low, so playing safe is the best thing we can do.

diegz

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Quote from: dmarine on August 20, 2016, 03:00:37 AM

In 20 years, I think 30 BTC may be enough for retirement, if the currency continue with a good level of appreciation and adoption, of course.

I think we could not predict the future, so probably 30 BTC might not be enough.. It is better to have plenty...Bitcoin I think should not be our only retirement fund, there should always be other alternatives just in case bitcoin fails, but one thing is for sure, fiat would not fail, and other investments in real life like real estates...

tampazeus

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Quote from: sana54210 on August 20, 2016, 02:26:45 AM

Quote from: ImHacked on August 19, 2016, 10:23:52 PM

We cannot predict that as we know that bitcoin price has always been changing. What if after 20 years bitcoin is no longer valuable or existing anymore. Or what if its price subside and you needed like a thousand bitcoin to ensure your retirement. But what if we only need just only one bitcoin to secure our retirement. So better to save as much bitcoin as you can have. Time will tell.

It depends on how much money you want to retire on but the best way would be getting a lifetime investment option with bitcoins you have. Some websites close and say they got “hacked” and some places keeps going strong for like 5-6 years now.

Evaluate your options well and invest your bitcoins to somewhere. Or better yet just put away certain amount of fiat to buy bitcoin with every month for 20 years and I am sure you will be a rich man in 20 years time.

Exactly and it will also depend on the country you are living in, you can plan according to the cost of living, if cost of living is not too high then you don't need higher amount of coins for retirement.

dmarine

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In 20 years, I think 30 BTC may be enough for retirement, if the currency continue with a good level of appreciation and adoption, of course.

sana54210

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Quote from: ImHacked on August 19, 2016, 10:23:52 PM

We cannot predict that as we know that bitcoin price has always been changing. What if after 20 years bitcoin is no longer valuable or existing anymore. Or what if its price subside and you needed like a thousand bitcoin to ensure your retirement. But what if we only need just only one bitcoin to secure our retirement. So better to save as much bitcoin as you can have. Time will tell.

It depends on how much money you want to retire on but the best way would be getting a lifetime investment option with bitcoins you have. Some websites close and say they got “hacked” and some places keeps going strong for like 5-6 years now.

Evaluate your options well and invest your bitcoins to somewhere. Or better yet just put away certain amount of fiat to buy bitcoin with every month for 20 years and I am sure you will be a rich man in 20 years time.

Mr. Big

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Quote from: ImHacked on August 19, 2016, 10:23:52 PM

We cannot predict that as we know that bitcoin price has always been changing. What if after 20 years bitcoin is no longer valuable or existing anymore. Or what if its price subside and you needed like a thousand bitcoin to ensure your retirement. But what if we only need just only one bitcoin to secure our retirement. So better to save as much bitcoin as you can have. Time will tell.

That is why aside from your insurances in fiat and savings, what we need is a steady source of bitcoin and not a fix number of bitcoin... That way, there is no need to worry much about retirement if we still want bitcoin when we get old...

Zooplus

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Quote from: ImHacked on August 19, 2016, 10:23:52 PM

We cannot predict that as we know that bitcoin price has always been changing. What if after 20 years bitcoin is no longer valuable or existing anymore. Or what if its price subside and you needed like a thousand bitcoin to ensure your retirement. But what if we only need just only one bitcoin to secure our retirement. So better to save as much bitcoin as you can have. Time will tell.

That is the worst thing to happen and I am pretty sure no one wants that to happen but why think of that when we are all expecting to see a good price in the future, for me I am optimistic that the price will rise after 20 years and it could double or triple the current price now.

ImHacked

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We cannot predict that as we know that bitcoin price has always been changing. What if after 20 years bitcoin is no longer valuable or existing anymore. Or what if its price subside and you needed like a thousand bitcoin to ensure your retirement. But what if we only need just only one bitcoin to secure our retirement. So better to save as much bitcoin as you can have. Time will tell.

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Quote from: DimidoffVany on August 19, 2016, 05:31:39 PM

Quote from: dhampir-D on August 19, 2016, 03:56:41 PM

Something around 25 should be enough. But it depends on many factors, such as the country and the costs of living in it.

No one could predict the price jump down this summer on bitcoin. For many users, this negatively affected which gave them the opportunity to sell their bitcoin not to lose everything. But the course stopped after falling by 100 positions. Now everything is back. And as such, or similar to another 20 years? Who can say? This question is wrong.

Regardless of the regular fluctuation of the price of bitcoin as long as we can see a good increase of price for the next 20 years I am confident we can make good profit when investing now, the only question is how much are we willing to invest and wait for a long period of time to see the result.

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Quote from: DimidoffVany on August 19, 2016, 05:31:39 PM

Quote from: dhampir-D on August 19, 2016, 03:56:41 PM

Something around 25 should be enough. But it depends on many factors, such as the country and the costs of living in it.

No one could predict the price jump down this summer on bitcoin. For many users, this negatively affected which gave them the opportunity to sell their bitcoin not to lose everything. But the course stopped after falling by 100 positions. Now everything is back. And as such, or similar to another 20 years? Who can say? This question is wrong.

Think possitive bitcoin is growing daily and i think the price of bitcoin will increase more after 20 years so 20 to 50 is enough to hold your bitcoins and start your own business online or locally business is the success to have a passive income or to increase the amount of your bitcoins..

DimidoffVany

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Quote from: dhampir-D on August 19, 2016, 03:56:41 PM

Something around 25 should be enough. But it depends on many factors, such as the country and the costs of living in it.

No one could predict the price jump down this summer on bitcoin. For many users, this negatively affected which gave them the opportunity to sell their bitcoin not to lose everything. But the course stopped after falling by 100 positions. Now everything is back. And as such, or similar to another 20 years? Who can say? This question is wrong.

dhampir-D

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Something around 25 should be enough. But it depends on many factors, such as the country and the costs of living in it.

youhgt2

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it depending on the price of bitcoin, it the price of bitcoin and also on your need and expenses, for some people one bitcoin will be enough for the whole month, while other people will need more that 5 bitcoin per month for their expenses,

oceanriver

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Quote from: XERES on August 18, 2016, 03:54:39 AM

If I have 1000 BTC I will save it on trezzor and it will save and then I can retire in 20 years well it's a good investments for kids and family, no matters what will be the price just need 1000 BTC to retire.

i would also put it into some kind of a cold storage most probably in order to keep it safe, though i doubt it would be enough bitcoins to retire

Piladeer

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I think to survive I would need 1000 bitcoins and not work another day in my life.

To live comfortably then it would be 7400 bitcoins. That would afford me my own paradise and food would not be a problem.

crairezx20

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Quote from: thebetsport on August 18, 2016, 01:15:16 PM

if i have 500bitcoin in price now in my country is enough to retire

Its a huge amount of bitcoin well there is no bad to dream.. for me even 10 btc is enough for me to hold bitcoin because we know the price of bitcoin is unpredictable and i think the price of bitcoin will increase these following year.

thebetsport

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if i have 500bitcoin in price now in my country is enough to retire
if can , iam still is my job offline bebause can social status in society people in my city

BitcoinPaw

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Hard question to answer, cause so many different factors making impact on this, it's depends on current bitcoin price and also country where are you live, etc.

serjent05

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Quote from: Betwrong on August 18, 2016, 03:30:24 AM

Quote from: AlphaSun on August 17, 2016, 10:06:51 AM

Quote from: stromma44 on August 17, 2016, 02:20:53 AM

Quote from: realworld on August 16, 2016, 03:58:08 PM

100 bitcoins is enough for my retire in 20 years later . If we account bitcoin prise for today for 100 bitcoins it is not enough for to retire but 20 years later it will change and bitcoin price will be good and it will be enough for me for retire.

Its very easy to say that 100 bitcoins will be enough, but we all know that how hard is to earn even a small amount of bitcoins and I am sure there will be many users who still won't have 1 full btc in their wallet.

In 20 years, the bitcoin price will be between $100,000 to 500,000. So with 100 bitcoins, you will have good life.

Not sure about good life but you'll definitely have enough money to afford yourself to not care about them. And yes, I gree that in 20 years the bitcoin price will be between $100,000 to $500,000. It's only the matter of the Bitcoin adoption.

This might be extreme price for bitcoin if you consider the situation of it today. But well in the future alot of things might happen. You might be correct or maybe bitcoin is worthless. So you cannot tell what really is the amount of bitcoin needed when you retire. But if your reference isjust today, then you will need at least 300 Bitcoin to have a good life when you retire.

AlphaSun

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Quote from: XERES on August 18, 2016, 03:54:39 AM

If I have 1000 BTC I will save it on trezzor and it will save and then I can retire in 20 years well it's a good investments for kids and family, no matters what will be the price just need 1000 BTC to retire.

I do not use the hardware wallet. I just use the bitcion core client to create a wallet and save there. It is also safe.

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