Topic: How many bitcoins do I need to retire in 20 years? - page 164. (Read 320352 times)
I would personally not put all my eggs in one basket, I also buy some gold and silver using my bitcoins and keep a couple of bitcoins in cold storage
I think its suicidal to own less than 25 bitcoins personally, if you can afford them.
I think 25 is a good number to be holding onto. It's a pretty decent amount of money right now, but not a nauseating amount..
You also have to keep in mind how atrocious the inflation will be by then... I mean a gallon of gas will probably be $20 by then!
[quote auth =bitcasino link=topic=587988.msg6499878#msg6499878 date=1398982506]
If you know the intrinsic value of BTC, then you will know the minimum you need.
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and no one can know that. Human nature is unpredictable.
If you know the intrinsic value of BTC, then you will know the minimum you need.
[/quote]
and no one can know that. Human nature is unpredictable. 
As much as you need to retire. 
I would personally advise you to get around 50 just to be safe.
Although, there is no way i see bitcoin being anywhere over 10,000$ anytime soon at all.
If they go up to 3-5k$, well happy times for you!
Although, there is no way i see bitcoin being anywhere over 10,000$ anytime soon at all.
If they go up to 3-5k$, well happy times for you!
I think its suicidal to own less than 25 bitcoins personally, if you can afford them.
Let's do a different kind of prediction. It took 5 years for bitcoin to reach about 500 USD today (actually, less now, but let's round up for easy math.)
Another 5 years, and it's another multiply by 5 = 2,500 USD
Another 5 years, and it's another multiply by 5 = 12,500 USD
Another 5 years, and it's another multiply by 5 = 62,500 USD
Another 5 years, and it's another multiply by 5 = 312,500 USD
So get maybe 3 or 4 BTC and you have a million dollars in 20 years.
You could also use another math, as 5 years = 500 so 20 years = 2000. You'd need a lot more BTC if you want to retire in 20 years.
What you could realistically do, is, whatever you are earning, set aside 10% for bitcoin every month, then buy. You should still have 90% of your original money, to spend on whatever it is you have to spend on.
Another 5 years, and it's another multiply by 5 = 2,500 USD
Another 5 years, and it's another multiply by 5 = 12,500 USD
Another 5 years, and it's another multiply by 5 = 62,500 USD
Another 5 years, and it's another multiply by 5 = 312,500 USD
So get maybe 3 or 4 BTC and you have a million dollars in 20 years.
You could also use another math, as 5 years = 500 so 20 years = 2000. You'd need a lot more BTC if you want to retire in 20 years.
What you could realistically do, is, whatever you are earning, set aside 10% for bitcoin every month, then buy. You should still have 90% of your original money, to spend on whatever it is you have to spend on.
1 bitcoin ) $10.000/1 btc will be this year. $100K/1BTC will be in 5 years I think. Too much "buns" in bitcoin world enough to force the price up to the sky.
Around 20-25 coins should cover it pretty well 
If you know the intrinsic value of BTC, then you will know the minimum you need.
That is a loaded question because that is completely reliant upon what type of lifestyle that you want to live when you are retired.
If you want to be travelling the world on your yacht, that is completely different than waiting for your social security check to come so you can buy scratch off lotto tickets at 7-11.
If you want to be travelling the world on your yacht, that is completely different than waiting for your social security check to come so you can buy scratch off lotto tickets at 7-11.
my dream is 1 satoshi = $1, then you can retire
If the price remains at 1-2k it's not going to be of much use to anyone in the long run. It either has to go big or go home.
10 bitcoins but it still wont be enough, bitcoin will stay at 1k or 2k
I'm going to engrave a private key on a rock... Or something similar. Plastic is a little better than paper. Aluminum is better than plastic and probably all you really need. Steel is good too. Tungsten will not melt in a normal house fire.
If your looking down the road. Start investing like you would anything else and take 10% (if you can afford it) of what your currently making per check and invest in bitcoin. You'll be surprised how fast it's going to grow.
1 BITCOIN
Get as many as 5-10% of your savings will buy and put the rest of your savings in other tangible assets, i'll include equity in this description for purposes here. Get a diverse mix, a bunch of stocks, some metals,some real estate, avoid debt instruments if you can. Then invest in more as you accrue more savings trying to keep the balance.
If you are thinking retirement saving never put it all in one place, diversity is important as it lowers your risk and keeps the returns. If Bitcoin does get to $1,000,000 a coin at some stage then $2000 invested now will pay off handsomely - but if it goes there because the USD has become worthless then, real estate may give you a better real return.
If you are thinking retirement saving never put it all in one place, diversity is important as it lowers your risk and keeps the returns. If Bitcoin does get to $1,000,000 a coin at some stage then $2000 invested now will pay off handsomely - but if it goes there because the USD has become worthless then, real estate may give you a better real return.
20 years from now? 0.05 bitcoin IMO. But hell, why not just store away 1 bitcoin in cold storage 
I'd suggest electrum and also memorize the seed.
I'd suggest electrum and also memorize the seed.Yeah. I'm sure his memory will be good 20 years from now.
The cold storage can include an electrum wallet saved on a USB + CD/DVD + also on a paper wallet AND remember the seed by memory. I'm not saying the cold storage has to strictly be a brain wallet by any means...
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