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Topic: How many bitcoins do I need to retire in 20 years? - page 160. (Read 320352 times)

legendary
Activity: 1512
Merit: 1005
A lot of people in this thread seem to agree on one thing: Bitcoin rising and rising the next x years.

Why are you guys so certain?

The price has been going down for a year, I think because of the gox shock and some other negative events, but other parameters are promising.

So based on the belief that it is still expanding, the argument is that if someone prefer bitcoin over fiat now, they will do more so in the future, when it becomes more liquid. The expansion feeds itself like a slow explosion.

legendary
Activity: 1330
Merit: 1003
I wouldn't trust Bitcoin over that term. It could be worth $100,000 or $0. Bitcoin should be a small part of your overall retirement plan.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
A lot of people in this thread seem to agree on one thing: Bitcoin rising and rising the next x years.

Why are you guys so certain?

Because it gained enough momentum not to die out, and that being said , there will allways be people that will try to earn, and u cant do that without lifting up the price.
Bitcoin users now mostly still unknown to how bitcoin trading is being done, and they often comare it to stock trading, which is wrong.
Just look at charts from 2009 til now and you will see wawes of buys incoming allways after desperate new users sell trying to get back little on their investments, and then, just buy.
Like i said many time, the times when u could make a fortune in one year on bitcoin is over, but if you are prepared to wait a couple of years, it will be worth it.

cheers
sr. member
Activity: 252
Merit: 250
A lot of people in this thread seem to agree on one thing: Bitcoin rising and rising the next x years.

Why are you guys so certain?
hero member
Activity: 770
Merit: 509
at least 100, with a value of 10k each

Agree. I would go for 100 BTC if you want to live comfortably.
I would take about 1 to 3 years to get that amount. Anyone can do it.
Not anyone. There's no fucking way 99% of joes out there can risk 21850 USD in hopes bitcoin reaches 10K...
Q7
sr. member
Activity: 448
Merit: 250
If you truly believe in the future of bitcoin and you are soooo confident, then just buy as many as you can afford. Nobody can really predicts what's the price is going to be in 20 years, so rather it's a "hope for the best" scenario and grab as much as you can.
legendary
Activity: 2170
Merit: 1427
According to the Winklevoss bro's you'll need 7 or 8 Bitcoins in order to be millionaire in the future Cheesy

I think you'll be a millionaire in the future with at least 1000 Bitcoins.
legendary
Activity: 1904
Merit: 1074
I would not bank on investing in only one commodity, to save up for 20 years.

Crypto currency as a investment vehicle needs a little bit more...hmmm hands on treatment. Bitcoin is on top today, BUT 20 years from now, a Alt coin might have replaced it.

My prediction for the future is that Bitcoin in it's current form, needs to adapt to more transparency, otherwise countries like the USA would have a hard time to fully adopt it.

The Alt coin, doing that, would be the coin to invest in.   
full member
Activity: 182
Merit: 100
Well that depends on what the price is after 20 years. Safe to say , around 5K BTC would be a good amount to retire on after 20 years.
sr. member
Activity: 462
Merit: 250
It depend on where did you live.
newbie
Activity: 22
Merit: 0
Probably somewhere between 1 and 100,000. Personally it's futile asking what amount you'll need but I'd concentrate on just acquiring as many as you can afford or are willing to buy and hold for the future. Maybe you'll get lucky, maybe you wont.
legendary
Activity: 2156
Merit: 1131
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?
A lot of replies, but this does look like a vague question. The answer completely depends on the price of bitcoin. It may vary a lot, and hard to say what the value will be over 20 years.
best to retire with a fiat value.

lol you cannot retire with FIAT nowadays. It is affected by strong deflation and economic instability and is backed by nothing.
Retirement plans are scams. With FIAT you can only work to survive.
We shall stop thinking in FIAT terms.
full member
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
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?

A lot of replies, but this does look like a vague question. The answer completely depends on the price of bitcoin. It may vary a lot, and hard to say what the value will be over 20 years.
best to retire with a fiat value.
legendary
Activity: 2156
Merit: 1131
at least 100, with a value of 10k each

Agree. I would go for 100 BTC if you want to live comfortably.
I would take about 1 to 3 years to get that amount. Anyone can do it.
newbie
Activity: 54
Merit: 0
I would say buy as much Bitcoin as you can afford to lose right now and you either do really well or you lose what you can afford to.
sr. member
Activity: 404
Merit: 251
Get 1 or 2 btc just to be in the safe level  Wink
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin

100 btc is my goal and I think it's doable. I don't think bitcoin would ever reach 10k a piece unless we got some serious mainstream adoption eventually, but 1000 each is very realistic and would be a decent profit.

20 years us sufficient to get some serious mainstream adoption. So 10k in 20 years time does not look too aggressive.

Im allways saying, if bitcoin succeds, profits are not going to be high, theyre going to be insane, but also if it gets off the track, its going to get abandoned/replaced with the next big thing.

So lets be optimistic and say that its 2035 year and bitcoin is still being used and fought for, block reward is 0,39 bitcoins, thats 56 new bitcoins a day.
Since todays bull price is 220$, with 3600 bitcoins a day, needing ~800 000 usd a day just for new coins, and lets say were stabile at this point.
So if in 2035. we have same 800 000 usd of money inflow for newly generated coins, that would mean that bitcoin price would be 800k/56 resulting in ~14 000$ a coin.
But if you add the fact that with time bitcoin is going to be more known and used, with only 5% of popularity growth a year for 20 years that would multiple price 10 folds,
from 14k/btc to 140 000 a coin.

Nice numbers ey
hero member
Activity: 672
Merit: 503
BTC will be dead in 5y, lol.
It's you who will be dead, when you jump off a very tall building as you realize you missed the boat, TWICE.
sr. member
Activity: 378
Merit: 250
4500

If BTC survives and thrives to the median retirement age of the folks on here, you'd probably be able to retire every single person within a one mile radius with that amount.
lets hope so
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
4500

If BTC survives and thrives to the median retirement age of the folks on here, you'd probably be able to retire every single person within a one mile radius with that amount.
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