How many bitcoins do I need to retire in 20 years? - page 2.

Denker

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Quote from: molsewid on October 15, 2016, 05:55:34 AM

At least 1000 BTCitcoin or maybe more , If you are going to retire in 20 years you need atleast more bitcoin before you do it , All we need is to enjoy life and we will not going be back again hoping that this will happen if had so much bitcoin im going to travel the entire world.

No one of us knows how many Bitcoin you will need to retire at that time.
Hell we don't even know if Bitcoin will be around in 20 years!
But let's assume Bitcoin will still exist and be the number one relevant coin.
Then imo you will need much less than your predicted amount of coins. A tiny fraction of that coul be enough!
Bitcoin's potential is massive in terms of value!
Satoshi himself said it will be either a huge success or it will fail!

molsewid

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At least 1000 BTCitcoin or maybe more , If you are going to retire in 20 years you need atleast more bitcoin before you do it , All we need is to enjoy life and we will not going be back again hoping that this will happen if had so much bitcoin im going to travel the entire world.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

Quote from: MWesterweele on October 15, 2016, 05:04:21 AM

Quote from: Bitcoinbee on June 07, 2016, 11:01:16 PM

If you have a good discipline in investments you can start small in investing for your retirement. Put bitcoins bit by bit into a certain wallet and sell it after the halving. If you believe in the sky rocketing value of bitcoin in every halving cycle then go for it.

Discipline sometimes make us more greediesness and sometimes it s because of wealth that we want to earn the eagerness of earning is make us fail in the end and it become illness when we don't stop investing money to scam investment website.

Discipline will never make you greedy. If you get greediness you are not discipline with your emotion control.

Being overambitious is not greedy in my opinion, but there are only very thin differences between being overambitious and being greedy.

If you have more number of bitcoins, then definitely you will have more economical freedom in your retirement life.

MWesterweele

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Quote from: Bitcoinbee on June 07, 2016, 11:01:16 PM

If you have a good discipline in investments you can start small in investing for your retirement. Put bitcoins bit by bit into a certain wallet and sell it after the halving. If you believe in the sky rocketing value of bitcoin in every halving cycle then go for it.

Discipline sometimes make us more greediesness and sometimes it s because of wealth that we want to earn the eagerness of earning is make us fail in the end and it become illness when we don't stop investing money to scam investment website.

safari88

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Quote from: Shibashi Dogemoto on October 15, 2016, 04:46:11 AM

Quote from: hakanbalta577 on October 15, 2016, 01:54:30 AM

Quote from: innominatus on October 14, 2016, 02:08:25 PM

i would say 500 Bitcoins would be enaugh

At even current price 500Bitcoins is a huge amount and considering after 20 years,the price increase that can be huge but yes no body can predict any thing going to happen after 20 years and specially with bitcoin we can not tell where it goes,so making prediction is not possible from now.

Yeah its impossible to predict what will be the price of bitcoin after 20 years and how many coins would be enough for us and we are not even sure that whether bitcoin will survive that long or not.

we do not expect at a price that will go very high in the next 20 years. as you would think, a smaller amount of bitcoin eligible to retire. but you have to think that the price will be stable as it is now in the future. so you can calculate the amount bitcoin eligible to retire and in my opinion at least 100 bitcoin well for retirement. if the price is in the range as it is now. I own quite sure if bitcoin can survive the next 20 years, because bitcoin depleted mined over the next 20 years.

Shibashi Dogemoto

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Quote from: hakanbalta577 on October 15, 2016, 01:54:30 AM

Quote from: innominatus on October 14, 2016, 02:08:25 PM

i would say 500 Bitcoins would be enaugh

At even current price 500Bitcoins is a huge amount and considering after 20 years,the price increase that can be huge but yes no body can predict any thing going to happen after 20 years and specially with bitcoin we can not tell where it goes,so making prediction is not possible from now.

Yeah its impossible to predict what will be the price of bitcoin after 20 years and how many coins would be enough for us and we are not even sure that whether bitcoin will survive that long or not.

hakanbalta577

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Quote from: innominatus on October 14, 2016, 02:08:25 PM

i would say 500 Bitcoins would be enaugh

At even current price 500Bitcoins is a huge amount and considering after 20 years,the price increase that can be huge but yes no body can predict any thing going to happen after 20 years and specially with bitcoin we can not tell where it goes,so making prediction is not possible from now.

blackmagician

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20k bitcoins is not enough I need more than 30k bitcoins for me to have a beautiful life after my retirement .
I will divide those btc to my 2 sons and a daughter.

ajun96

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Quote from: martinacar on October 14, 2016, 02:34:38 PM

Nobody can give a straight answer to this question it really depends on how much bitcoin will be worth if it will be worth anything in that much time.
But I'd just get as much as possible if you want to be on the save side of course.

yeah right I do not think anyone could answer how many bitcoin you have to collect, because no one knows about the state of the world at that time, could have been the price of bitcoin dropped dramatically, so you need a lot of bitcoin, or even the price of bitcoin is very high, which we can do is continue to collect bitcoin

ImnotOctopus

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Any amount will do my friend as long as in the future the value of bitcoin rises more.

Just save any amount in your cold storage or paper wallet.

Dora Doll

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Quote from: innominatus on October 14, 2016, 02:08:25 PM

i would say 500 Bitcoins would be enaugh

i cannot say any thing about that actually, the problem is that the price of bitcoin never remain constant and we do not have any idea that what will be the price of bitcoin after 20 years therefore it is not good to depend on bitcoin for living.

Zooplus

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Quote from: rizkyhiw on October 14, 2016, 06:18:05 PM

Quote from: Cocodemon on October 14, 2016, 03:36:17 PM

You will need a lot of bitcoin probably cause I think in 20 years the price will be dumped down cause bitcoin will probably have died out.
The cryptocurrency is still fresh so expect competition eventually it will be beat.

it's depends on how bitcoin price in few years ahead will be
if then bitcoin price worth to more than $10,000 per coin you only need a couple bitcoin
but if then bitcoin price get dumped like what you say , your investment today will mean nothing
but i just keep believing in bitcoin that soon or later bitcoin will be more than just about the price , it's about the future.

What is important is you need to know how much you need in 20 years for your goal in life, with that you can analyze who much bitcoin are you going to save as you investment, you cannot be greedy here because we still do not know what will happen in the future, bitcoin might succeed or fail both are possible.

rizkyhiw

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Quote from: Cocodemon on October 14, 2016, 03:36:17 PM

You will need a lot of bitcoin probably cause I think in 20 years the price will be dumped down cause bitcoin will probably have died out.
The cryptocurrency is still fresh so expect competition eventually it will be beat.

it's depends on how bitcoin price in few years ahead will be
if then bitcoin price worth to more than $10,000 per coin you only need a couple bitcoin
but if then bitcoin price get dumped like what you say , your investment today will mean nothing
but i just keep believing in bitcoin that soon or later bitcoin will be more than just about the price , it's about the future.

Shady

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Life is a game, you either play it or get played.

By the time you retire in 20 years BTC may be worth between $2,700 --> $5,350 USD.

With all topics in retirement anybody could lead you into a different direction. Saying retirement is different for everybody you should aim at looking for places to live with a particular attraction that can be done on a continuous basis.

Every different location requires a different amount of money, for an average retirement $175,000 (in today's value) is an amount that could spark curiosity at when to cash out or live off for the next few years... In which case it may go up even higher.

Since this currency is allowed in the majority of countries moving abroad may suit your needs better. Anyways, the amount of BTC needed to retire at today's rate may be subject to roughly 150.- BTC, saying the value will move up to the above amount.

Best of all, if you have time left during this journey you may be able to acquire much, much more BTC to stash away for better causes.

Icathia

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Quote from: Wandering Soul~ on October 14, 2016, 04:44:41 PM

Quote from: Alley on April 28, 2014, 12:04:32 PM

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?

Since a number of year has passed when you retire we don't know the price of the bitcoin, it can be so much higher than the price today or even much lower so just get as many as you can.

You should also have some retirement fund in your current job of course and your bitcoin should just be an add-ons to it

Indeed and due that we cannot predict this so its not relevant to also say how much you are thinking, I do not think that it will add something to this conversation too..

Wandering Soul~

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Wolf

Quote from: Alley on April 28, 2014, 12:04:32 PM

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?

Since a number of year has passed when you retire we don't know the price of the bitcoin, it can be so much higher than the price today or even much lower so just get as many as you can.

You should also have some retirement fund in your current job of course and your bitcoin should just be an add-ons to it

socks435

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Quote from: Cocodemon on October 14, 2016, 03:36:17 PM

You will need a lot of bitcoin probably cause I think in 20 years the price will be dumped down cause bitcoin will probably have died out.
The cryptocurrency is still fresh so expect competition eventually it will be beat.

How do you know that bitcoin will be die in 20 years.. i am not fortune teller but it is impossible that bitcoin will be die because many companies right now are using bitcoin as payment and more adoption will come so it is impossible that bitcoin will die..

Cocodemon

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You will need a lot of bitcoin probably cause I think in 20 years the price will be dumped down cause bitcoin will probably have died out.
The cryptocurrency is still fresh so expect competition eventually it will be beat.

BitHodler

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Quote from: martinacar on October 14, 2016, 02:34:38 PM

Nobody can give a straight answer to this question it really depends on how much bitcoin will be worth if it will be worth anything in that much time.
But I'd just get as much as possible if you want to be on the save side of course.

People are already building up their normal retirement fund by doing their daily job.

If you hodl yourself as many coins as you can afford in the far future years, then it will be an extra retirement fund on top of your regular one.

That's something people seem to forget. Of course this is assuming you're living in a well developed country.

Ulloa

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Quote from: martinacar on October 14, 2016, 02:34:38 PM

Nobody can give a straight answer to this question it really depends on how much bitcoin will be worth if it will be worth anything in that much time.
But I'd just get as much as possible if you want to be on the save side of course.

You would need a lot of bitcoins to retire in about 20 years, I think that its gonna be hard and I also fully agree about the fact that this cannot be predicted because its depending on many factors of the future.

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