Topic: How many bitcoins do I need to retire in 20 years? - page 165. (Read 320352 times)
If you know the future market prices, you can retire in 2 month
IMO, that's really depends on many factors
1) how long are you going to live?
2) what amount in your opinion is enough to live?
3) how BTC price will change as no one can tel you cause it's too volatile and young now to make long-term forecast
1) how long are you going to live?
2) what amount in your opinion is enough to live?
3) how BTC price will change as no one can tel you cause it's too volatile and young now to make long-term forecast
Quote
If in 20 years btc is $50,000 each how stupid are you gonna feel knowing you could of bought just 1 coin for $450 today.
You could have put 1 dollar into cold storage 20 years ago and it be worth a trillion now if you were in Zimbabwe, of course those zim dollars buy you nothing useful at all.
Better to buy something useful that reduces yours costs now and in 20 years, usually land/housing. What dollar or btc do are secondary to real costs most likely?
However even without a mortgage the maintenance and taxes are a significant cost. Price appreciation (if it happens) can be negated by these costs.
A LOT of people's housing has gone to 0. Have you never heard of foreclosure?
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.
I'm seeing what I would call alot of low estimates. I think some people to blow up haha I hope so also but some seem to have some big expectations.
In 20 years, BTC at $1M a piece would put the market cap around $2T. Based on current rate of inflation that'd be around 3.5-4% of M2 at that point. As great as the promise of Bitcoin is, that number just seems way too high for me.
I'd say get 25. At $60k (which is still quite a bit) each in 20 years, that'll put you at $1.5M.
(Sure there are considerations of whether $1.5M will actually mean anything, but we can leave that for another conversation.)
I'd say get 25. At $60k (which is still quite a bit) each in 20 years, that'll put you at $1.5M.
(Sure there are considerations of whether $1.5M will actually mean anything, but we can leave that for another conversation.)
1) $1,000,000 is not enough. 2) USD is not going to be worth much in 20 years compared to today.
Those are independant statements.
Continue to buy at any price, so long as you are comfortable with the future value of bitcoin.
Those are independant statements.
Continue to buy at any price, so long as you are comfortable with the future value of bitcoin.
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?
Hard to say ... I would say
if you want to have expensive vacations etc. when you retire I say hodl 10BTC =D
I'm not sure but my guess is 60 and up is a good place to aim.
There's a high chance you'll sell you coins before it hit's 2 million and end up like the early miners who mined thousands of coins but now have very few.
The best remarks so far. I m new to bitcoin(nov 2013) and i wonder what % of BTC early miners ( i mean geeks ) still have.
There's a high chance you'll sell you coins before it hit's 2 million and end up like the early miners who mined thousands of coins but now have very few.
Quote
If in 20 years btc is $50,000 each how stupid are you gonna feel knowing you could of bought just 1 coin for $450 today.
You could have put 1 dollar into cold storage 20 years ago and it be worth a trillion now if you were in Zimbabwe, of course those zim dollars buy you nothing useful at all.
Better to buy something useful that reduces yours costs now and in 20 years, usually land/housing. What dollar or btc do are secondary to real costs most likely?
However even without a mortgage the maintenance and taxes are a significant cost. Price appreciation (if it happens) can be negated by these costs.
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?
If people say that BTC will be 2 million dollars in 20 years, you would want to buy real estate for all of them and earn about $165k a year. But at the current price It's possible to get 100 Bitcoins even for a normal clever person without any high education.
I don't know many normal clever people with $45,000 in spare change to throw around.
Anyway, Facebookcoin? Get real. I've divided $100,000 between Amazon tokens and Starbucks gift cards. I'm gonna be RICH
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?
If people say that BTC will be 2 million dollars in 20 years, you would want to buy real estate for all of them and earn about $165k a year. But at the current price It's possible to get 100 Bitcoins even for a normal clever person without any high education.
I wouldn t buy and hold BTC for 20 years. It s likely that another coin will take over during that time.
I dont think they will make harforks because investors are nervous about that. Look at LTC and scrypt. They know they have to change it, but they are scared; With good reasons i guess.
We will have to make some arbitrage in the futur. But for now, it s likely that the coin which will take over Bitcoin is not born yet. A lot of new technology based on the blockchain is in study.
I dont think they will make harforks because investors are nervous about that. Look at LTC and scrypt. They know they have to change it, but they are scared; With good reasons i guess.
We will have to make some arbitrage in the futur. But for now, it s likely that the coin which will take over Bitcoin is not born yet. A lot of new technology based on the blockchain is in study.
Easy. Nobody has any idea what the price of a bitcoin will be in 20 years. I think it is more likely to be $0 than $1,000,000, and much more likely to be $100 or $10,000. It is easier to just assume it will be whatever price it is now. So, ...
1. Decide how much money you need to live comfortably: $1,000,000.
2. Divide by the current price: $450
3. You need about 2000 BTC.
1. Decide how much money you need to live comfortably: $1,000,000.
2. Divide by the current price: $450
3. You need about 2000 BTC.
If everyone would like to get 2000 BTC, then only 10K people can have so many coins, and there are billions of people out there
I think 2 BTC is reasonable
If it is retirement money we are talking about, I would not invest too much in bticoins. May be 1% to 3% of your wealth. Doesn't seem that save at the moment.
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10 bitcoins looks nice.
Sounds about right if you hold them that long you could get buy with 1 but would be tempted to sell it
With 10 you should be set even after having selling urges satisfied
Facebookcoin? Really?
I'd call 'em facebucks
I'd call 'em facebucks
but get 1000 bitcoins just to be safe
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