Aye, my gut feeling is that it'll become digital gold (and so much more) whether many like it or not.
There might be lighter weight offshoot currencies, but that's how bitcoin the unit of value itself is slowly being positioned by people with deep pockets or some power.
Topic: How many bitcoins do I need to retire in 20 years? - page 163. (Read 320352 times)
I personally think btc will grow or multiply or whatever for next 10-30 years and then stop, because there's going to be too much people using them. Many people doesn't mean stability.
And also even now there are places which count btc in mBtc. As i see it in next few years 1 btc will be A LOT OF money, but we won't be counting it like that, we will count it in micro/nano btc.
Thinking of bitcoins as of easy-money is noncense in my opinion by the way or you will need many btc to be stabile and rich (gold for example).
And also even now there are places which count btc in mBtc. As i see it in next few years 1 btc will be A LOT OF money, but we won't be counting it like that, we will count it in micro/nano btc.
Thinking of bitcoins as of easy-money is noncense in my opinion by the way or you will need many btc to be stabile and rich (gold for example).
We need people to buy with bitcoin, right now we have to many holders and to many traders in the bitcoin population, if we can get more people interesting using it as another currency then rather treating a product of greed then value can probably climb faster.
Face it: hardly anyone is buying bitcoins to spend them on overstock.com. This should be obvious, but... people buy them for a store of value! The whole point is to hold on to them. That constrains the supply and increases value. It is the self interest of all investors!
Bitcoin is primarily not a currency; and if all the current holders used them as such, value would plummet as millions of coins hit the exchanges as merchants moved to liquidate back into fiat. Since the whole point of this thread is about retiring on bitcoin profits, this would not be a positive development for the majority of bitcoin enthusiasts.
Bitcoin most likely will rise to $40,000 over the next few years, but it won't be due to merchant adoption. It will be because holders are getting rich and their friends, family, and coworkers all want a piece of the pie.
I personally think btc will grow or multiply or whatever for next 10-30 years and then stop, because there's going to be too much people using them. Many people doesn't mean stability.
And also even now there are places which count btc in mBtc. As i see it in next few years 1 btc will be A LOT OF money, but we won't be counting it like that, we will count it in micro/nano btc.
Thinking of bitcoins as of easy-money is noncense in my opinion by the way or you will need many btc to be stabile and rich (gold for example).
And also even now there are places which count btc in mBtc. As i see it in next few years 1 btc will be A LOT OF money, but we won't be counting it like that, we will count it in micro/nano btc.
Thinking of bitcoins as of easy-money is noncense in my opinion by the way or you will need many btc to be stabile and rich (gold for example).
We need people to buy with bitcoin, right now we have to many holders and to many traders in the bitcoin population, if we can get more people interesting using it as another currency then rather treating a product of greed then value can probably climb faster.
Bitcoin is undervalued now, you definitely should keep some for long time.
You guys crack me up. If bitcoin is truly destined to change the world (or at least the "store of value" side of investing), then the value is going to spike within the next 5 years, but more likely over the next couple. It may continue to go up from there, but at a slower pace.
So why look towards 20 years from now? Small bull case scenario, bitcoin could reach $40,000 USD according to Cameron Winklevoss. I would say get at least 25 before it's too late.
So why look towards 20 years from now? Small bull case scenario, bitcoin could reach $40,000 USD according to Cameron Winklevoss. I would say get at least 25 before it's too late.
I have heard gold bugs say that you only need 10 oz to retire within the next 2 decades.
That equals 29.33 bitcoins at today's rate.
That equals 29.33 bitcoins at today's rate.
I am 99% certain that you will need more than one and less than one million.
I think it is enough 0,0001 Bitcoin..
Maybe if it reaches 500,000$ per BTC than yes!
This is interesting.
If you can get a lot of income on BTC you can retire early and enjoy life early.
Just invest what do you think you can afford to lose since nothing is sure in the future.
If you can get a lot of income on BTC you can retire early and enjoy life early.
Just invest what do you think you can afford to lose since nothing is sure in the future.
I think it is enough 0,0001 Bitcoin..
I wouldn't want to place a guess on the amount you'll need to live comfortably, but it's definitely important to make sound investments now for your retirement. Here in the UK, politicians have just altered the law to protect themselves from a mandatory increase in retirement age. Everyone else will have to work longer before they can claim a state pension.
I'd be disheartened if it weren't for the fact I have almost zero faith that the state can be trusted to provide me with a living wage in my retirement anyway. By the time I'm old enough, pensions are probably going to be one of those things they teach about in history classes, assuming the government can still be bothered to fund schools, that is.
Further reading here: http://mikesivier.wordpress.com/2014/02/04/hypocritical-tories-plan-attack-on-pensioners-while-protecting-themselves/
I'd be disheartened if it weren't for the fact I have almost zero faith that the state can be trusted to provide me with a living wage in my retirement anyway. By the time I'm old enough, pensions are probably going to be one of those things they teach about in history classes, assuming the government can still be bothered to fund schools, that is.
Further reading here: http://mikesivier.wordpress.com/2014/02/04/hypocritical-tories-plan-attack-on-pensioners-while-protecting-themselves/
Well I guess it depends. Right now it is definitely hard to determine. If China would calm down a bit in next few weeks definitely it wont be that much.
But you can always leave in smaller town
But you can always leave in smaller town
I personally think btc will grow or multiply or whatever for next 10-30 years and then stop, because there's going to be too much people using them. Many people doesn't mean stability.
And also even now there are places which count btc in mBtc. As i see it in next few years 1 btc will be A LOT OF money, but we won't be counting it like that, we will count it in micro/nano btc.
Thinking of bitcoins as of easy-money is noncense in my opinion by the way or you will need many btc to be stabile and rich (gold for example).
And also even now there are places which count btc in mBtc. As i see it in next few years 1 btc will be A LOT OF money, but we won't be counting it like that, we will count it in micro/nano btc.
Thinking of bitcoins as of easy-money is noncense in my opinion by the way or you will need many btc to be stabile and rich (gold for example).
Bitcoin is bringing the third world to the Internet. Welcome!
I personally think btc will grow or multiply or whatever for next 10-30 years and then stop, because there's going to be too much people using them. Many people doesn't mean stability.
And also even now there are places which count btc in mBtc. As i see it in next few years 1 btc will be A LOT OF money, but we won't be counting it like that, we will count it in micro/nano btc.
Thinking of bitcoins as of easy-money is noncense in my opinion by the way or you will need many btc to be stabile and rich (gold for example).
And also even now there are places which count btc in mBtc. As i see it in next few years 1 btc will be A LOT OF money, but we won't be counting it like that, we will count it in micro/nano btc.
Thinking of bitcoins as of easy-money is noncense in my opinion by the way or you will need many btc to be stabile and rich (gold for example).
You know, just a thousand fold increase looks good. Some of us missed the chance to buy a bunch when bitcoin was at "dollar parity" a couple years ago.
It's all the same, if you bought it cheap, you sold it cheap.
Oh really?
I wasn't able to avoid that reality, but you can be certain that statement isn't true for everyone.
I'm guessing about 50-60.
You know, just a thousand fold increase looks good. Some of us missed the chance to buy a bunch when bitcoin was at "dollar parity" a couple years ago.
It's all the same, if you bought it cheap, you sold it cheap.
How many bitcoins do I need to retire in 20 years?
Somewhere between 1 BTC and 5,000 and no one knows for certain the exact answer.
Somewhere between 1 BTC and 5,000 and no one knows for certain the exact answer.
You know, just a thousand fold increase looks good. Some of us missed the chance to buy a bunch when bitcoin was at "dollar parity" a couple years ago.
my dream is 1 satoshi = $1, then you can retire
How about 1 satoshi equals 1 cent, wouldnt that be good enough to retire on. The problem is still costs in bitcoin, in the end. How much btc does a farm cost now, basically you need that much for retirement in case you live 30 years without working
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