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Topic: How many bitcoins do I need to retire in 20 years? - page 18. (Read 320312 times)

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legendary
Activity: 3962
Merit: 1424
Leading Crypto Sports Betting & Casino Platform
I would estimate 10-20 BTC

Seems very low to me. Not sure from which country you are from but I would assume you need at least 1-2btc a month at current prices to cover all living expenses, pay taxes, enjoy leisure, etc. You would need these 10-20 per year just to live.
Of course the bitcoin price will rise and you will need less coins,but the living expenses are rising alsim

It depends on the bitcoin price. I reckon the bitcoin price will double every two years, so that price will be $500,000 each then.

I don't think that is possible, we don't know whether bitcoin will exist that long or not and even if it survives its very difficult to touch that price.

To double every year would be similar growth to bacteria, exponential and unrelenting as if it had no competition or flaws.   Doubling every other year would fit better as this is the general growth of technology and has been for decades.

Really when its price we dont know as it relies on demand and extension of the network to allow spending also.   The more people that use bitcoin, the larger amount holding it between them and not just converting back to dollars.   Simply holding and doing nothing is not a substitute as this wont help the demand.   
We have world population growth, its not doubling but in theory bitcoin could double as so many do not use bitcoin now.   It cant do that for 20 years though or it will exceed the world population by then.   The maths is 2^20 or current bitcoin user base times 1 million.  That'd take a user base now of 6,000 to 6 billion in 20 years and we already got more then 6,000

So if demand isnt rising that fast, I doubt price will
hero member
Activity: 588
Merit: 500
   For 20 years from now is very hard to say, I'm very confused when I think about bitcoin future. Literally anything can happen, and bitcoins can worth a fortune like many people say it will. In that case even with couple coins, or maybe 10, 20 coins you will have good money in your bank account.
   Scenario where bitcoin price stay the same like now, or go down you will need 100 or more. Answer on this question depends from country you live in. Somewhere 50 000 dollars are enough, on some places 500 000 $ is little,  people have different thinking about their retirement.
TGD
hero member
Activity: 1288
Merit: 620
Wen Rolex?
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?
I can't suggest any amount it depends on how much the bitcoin price that time how about the price of bitcoin decrease to 1$ 20 years from now so you need more btc to have more comfortable in life.  Grin or increase morethan 2000$ so you just need some amount of btc, risk is always there no one really knows what is the price at that time.
sr. member
Activity: 420
Merit: 250
20 years is very long time and i think you will need more that 200-500 bitcoins for retire in the next 20 years and you can reach it by earning bitcoins or buying bitcoins from now.
hero member
Activity: 952
Merit: 1000
believe that best way is to make some sum in dollars then you can calculate how many btc you need
or just aim for some number and then you will be happy in 20 years we dont know what the price will be
it is impossible to calculate how much money you will need as you dont know how long you will live and what your life is going to be though i think 1000 btc should be enough

Are you kidding me? Do you know what you are talking about? 1000 btc is insane and not almost impossible for anyone to hold that high amount, even if you manage to have 50 btc then you should be satisfied.
sr. member
Activity: 462
Merit: 250
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believe that best way is to make some sum in dollars then you can calculate how many btc you need
or just aim for some number and then you will be happy in 20 years we dont know what the price will be
it is impossible to calculate how much money you will need as you dont know how long you will live and what your life is going to be though i think 1000 btc should be enough
legendary
Activity: 1022
Merit: 1000
Blocklancer - Freelance on the Blockchain
I would estimate 10-20 BTC

Seems very low to me. Not sure from which country you are from but I would assume you need at least 1-2btc a month at current prices to cover all living expenses, pay taxes, enjoy leisure, etc. You would need these 10-20 per year just to live.
Of course the bitcoin price will rise and you will need less coins,but the living expenses are rising alsim

It depends on the bitcoin price. I reckon the bitcoin price will double every two years, so that price will be $500,000 each then.

I don't think that is possible, we don't know whether bitcoin will exist that long or not and even if it survives its very difficult to touch that price.

Even on $4000 seems unrealistic and its hard for bitcoin to reach that price soon. How much more in $500k then its  very very imposible to happen. As  other said we wouldnt even know if bitcoin would last to for so long that it could rich some  moon amount.

I used to think the bitcoin price will double every year for the next 20 years, but with the current slow development, it seems very unlikely.

you never know when will price comes up or double
it can be every 2-3 years in 20 years expect even five digits price
full member
Activity: 203
Merit: 100
★CryptoGamesFX.com★
I would estimate 10-20 BTC

Seems very low to me. Not sure from which country you are from but I would assume you need at least 1-2btc a month at current prices to cover all living expenses, pay taxes, enjoy leisure, etc. You would need these 10-20 per year just to live.
Of course the bitcoin price will rise and you will need less coins,but the living expenses are rising alsim

It depends on the bitcoin price. I reckon the bitcoin price will double every two years, so that price will be $500,000 each then.

I don't think that is possible, we don't know whether bitcoin will exist that long or not and even if it survives its very difficult to touch that price.

Even on $4000 seems unrealistic and its hard for bitcoin to reach that price soon. How much more in $500k then its  very very imposible to happen. As  other said we wouldnt even know if bitcoin would last to for so long that it could rich some  moon amount.

I used to think the bitcoin price will double every year for the next 20 years, but with the current slow development, it seems very unlikely.
legendary
Activity: 3122
Merit: 1140
I would estimate 10-20 BTC

Seems very low to me. Not sure from which country you are from but I would assume you need at least 1-2btc a month at current prices to cover all living expenses, pay taxes, enjoy leisure, etc. You would need these 10-20 per year just to live.
Of course the bitcoin price will rise and you will need less coins,but the living expenses are rising alsim

It depends on the bitcoin price. I reckon the bitcoin price will double every two years, so that price will be $500,000 each then.

I don't think that is possible, we don't know whether bitcoin will exist that long or not and even if it survives its very difficult to touch that price.

Even on $4000 seems unrealistic and its hard for bitcoin to reach that price soon. How much more in $500k then its  very very imposible to happen. As  other said we wouldnt even know if bitcoin would last to for so long that it could rich some  moon amount.
hero member
Activity: 672
Merit: 503
I would estimate 10-20 BTC

Seems very low to me. Not sure from which country you are from but I would assume you need at least 1-2btc a month at current prices to cover all living expenses, pay taxes, enjoy leisure, etc. You would need these 10-20 per year just to live.
Of course the bitcoin price will rise and you will need less coins,but the living expenses are rising alsim

It depends on the bitcoin price. I reckon the bitcoin price will double every two years, so that price will be $500,000 each then.

I don't think that is possible, we don't know whether bitcoin will exist that long or not and even if it survives its very difficult to touch that price.
hero member
Activity: 798
Merit: 501
In 20 years, the price of bitcoin could be around $20,000...obviously in an optimistic Cheesy view Cheesy
how many btc you need? I think 10 btc yearly is a great sum but did you have an house? any other income?
Because at least 500 btc actually you need up to your rest of life, with an increase like this one you can retire with only 20 btc and make a great life.
So or you wait up to 20k$ increase or just earn at least 500 btc Smiley
full member
Activity: 226
Merit: 100
I would estimate 10-20 BTC

Seems very low to me. Not sure from which country you are from but I would assume you need at least 1-2btc a month at current prices to cover all living expenses, pay taxes, enjoy leisure, etc. You would need these 10-20 per year just to live.
Of course the bitcoin price will rise and you will need less coins,but the living expenses are rising alsim

It depends on the bitcoin price. I reckon the bitcoin price will double every two years, so that price will be $500,000 each then.
hero member
Activity: 1694
Merit: 516
I would estimate 10-20 BTC

Seems very low to me. Not sure from which country you are from but I would assume you need at least 1-2btc a month at current prices to cover all living expenses, pay taxes, enjoy leisure, etc. You would need these 10-20 per year just to live.
Of course the bitcoin price will rise and you will need less coins,but the living expenses are rising alsim
X7
legendary
Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
I would estimate 10-20 BTC
legendary
Activity: 1232
Merit: 1000
believe that best way is to make some sum in dollars then you can calculate how many btc you need
or just aim for some number and then you will be happy in 20 years we dont know what the price will be

Exactly we cannot judge what will be the price after 20 years, so we should make efforts in collecting as much coins possible at a moment, so even if price is not too high, more number of coins will take care of us.

if you are in doubt about the price after 20 years later, you better keep looking as much profit as possible and convert at any time to fiat, so that in 20 years you'll have a lot of savings. so do not worry if the price is low bitcoin.
but I believe that at least bitcoin price will be above $ 1,000 after 20 years later, so collect bitcoin as much as possible and sell after 20 years later, it could be a good idea.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
buying bitcoin to plan for the expenses after retirement which is going to happen after 20 years is not a good idea at all.Nothing can be said that what will happen after the 20 long years and specially with bitcoin,i think other investment would be more good like in any business.

Also if we safe our bitcoins specially for our retirement, and after 20 years we saw suddenly bitcoin has been dead so we are also dead before retirement. So look at bitcoin is a crypto currency, and a mostly people are using it because of its price down and up, if after 20 years bitcoin price down, because in that time a lot of crypto currency would be come. So don't go in long term period, but now bitcoin is best so use it day to day.

you are right, bitcoin uncertain future, so we can not expect the pension fund of bitcoin.
better keep making gains every day, and you store most of the profits for the future in the form of fiat. so it is safe, if the future of something bad happening with bitcoin.
Of course that is right, you cannot expect it as your pension because we cannot ascertain the future and that is too bad if you rely your full investment with bitcoin. It is good to trust but do not put all your money in investing with bitcoin as it could collapse anytime like what happen in the past.
legendary
Activity: 1554
Merit: 1014
buying bitcoin to plan for the expenses after retirement which is going to happen after 20 years is not a good idea at all.Nothing can be said that what will happen after the 20 long years and specially with bitcoin,i think other investment would be more good like in any business.

Also if we safe our bitcoins specially for our retirement, and after 20 years we saw suddenly bitcoin has been dead so we are also dead before retirement. So look at bitcoin is a crypto currency, and a mostly people are using it because of its price down and up, if after 20 years bitcoin price down, because in that time a lot of crypto currency would be come. So don't go in long term period, but now bitcoin is best so use it day to day.

you are right, bitcoin uncertain future, so we can not expect the pension fund of bitcoin.
better keep making gains every day, and you store most of the profits for the future in the form of fiat. so it is safe, if the future of something bad happening with bitcoin.
hero member
Activity: 812
Merit: 500
buying bitcoin to plan for the expenses after retirement which is going to happen after 20 years is not a good idea at all.Nothing can be said that what will happen after the 20 long years and specially with bitcoin,i think other investment would be more good like in any business.

Also if we safe our bitcoins specially for our retirement, and after 20 years we saw suddenly bitcoin has been dead so we are also dead before retirement. So look at bitcoin is a crypto currency, and a mostly people are using it because of its price down and up, if after 20 years bitcoin price down, because in that time a lot of crypto currency would be come. So don't go in long term period, but now bitcoin is best so use it day to day.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
buying bitcoin to plan for the expenses after retirement which is going to happen after 20 years is not a good idea at all.Nothing can be said that what will happen after the 20 long years and specially with bitcoin,i think other investment would be more good like in any business.

Yeah, 20 years is way too far from now but of course we should have a plan since that time we cannot work anymore, we should have a sufficient fund for everything that we need... I think we should go 50/50...50% bitcoin and 50% fiat, just to make sure our fund will not fold when we can't work anymore just in case one of those fail... In terms of business, I think we must still go with opening a business that accepts both, it's all we need to survive old age...  Smiley
full member
Activity: 238
Merit: 100
buying bitcoin to plan for the expenses after retirement which is going to happen after 20 years is not a good idea at all.Nothing can be said that what will happen after the 20 long years and specially with bitcoin,i think other investment would be more good like in any business.
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