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

rababo

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Quote from: dihari on August 03, 2016, 02:05:10 AM

you don't need to buy bitcoin if you plan to save money for 20 years. you have to save gold if you plan for it.
because gold have low risk. and the stability price is better than bitcoin.

It's good if we have both, bitcoin and gold.
Bitcoin price might rise up more than gold, but it also could go downfall, because bitcoin is unpredictable.
But, if we don't wanna take big risk, then gold is a good choice for long term investment, because it's stability price.

sourris01

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Quote from: Mr. Big on August 03, 2016, 10:12:53 PM

Quote from: hero1111 on August 03, 2016, 04:04:30 PM

For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.

After 20 years, the cost of living is not the same as today, if you could buy a burger now for $1, for sure after 20 years it will be a bit higher... Now, if you have 100 bitcoin that time, and in one month you consume 1 bitcoin, that means you only have 100 months to live.. That's roughly 8 years... I'm sure that won't be enough.. health maintenance is higher as you age...

Nobody has understood the value of the currency and to predict what will happen in 20 years very hard. But it is important to understand that, for example, any product has a price corresponding to the cost price and any currency equivalent of the gold in the treasury of the state, as well as the bitcoin?

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Quote from: azguard on August 04, 2016, 02:53:57 AM

Quote from: Mr. Big on August 03, 2016, 10:12:53 PM

Quote from: hero1111 on August 03, 2016, 04:04:30 PM

For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.

After 20 years, the cost of living is not the same as today, if you could buy a burger now for $1, for sure after 20 years it will be a bit higher... Now, if you have 100 bitcoin that time, and in one month you consume 1 bitcoin, that means you only have 100 months to live.. That's roughly 8 years... I'm sure that won't be enough.. health maintenance is higher as you age...

in 20 years all will be the same you will have to have lot of coins in wallet or some amount that you desire in 20 year time
cost of live will go up so will the BTC price

Does would not be the case in investing with bitcoin since it is the case when you are saving your money in the bank with a little amount of interest which is subject for inflation. In bitcoin, the amount could increase abruptly as overtime the demand will also increase.

azguard

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Quote from: Mr. Big on August 03, 2016, 10:12:53 PM

Quote from: hero1111 on August 03, 2016, 04:04:30 PM

For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.

After 20 years, the cost of living is not the same as today, if you could buy a burger now for $1, for sure after 20 years it will be a bit higher... Now, if you have 100 bitcoin that time, and in one month you consume 1 bitcoin, that means you only have 100 months to live.. That's roughly 8 years... I'm sure that won't be enough.. health maintenance is higher as you age...

in 20 years all will be the same you will have to have lot of coins in wallet or some amount that you desire in 20 year time
cost of live will go up so will the BTC price

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Quote from: hero1111 on August 03, 2016, 04:04:30 PM

For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.

After 20 years, the cost of living is not the same as today, if you could buy a burger now for $1, for sure after 20 years it will be a bit higher... Now, if you have 100 bitcoin that time, and in one month you consume 1 bitcoin, that means you only have 100 months to live.. That's roughly 8 years... I'm sure that won't be enough.. health maintenance is higher as you age...

hero1111

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For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.

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Quote from: AlphaSun on July 31, 2016, 07:52:00 AM

Quote from: Zooplus on July 31, 2016, 01:19:44 AM

Quote from: ajun96 on July 30, 2016, 07:23:15 PM

Quote from: Jimbola3 on July 27, 2016, 10:22:55 AM

Quote from: fikihafana on July 27, 2016, 09:37:22 AM

depends on price in 20 year for start maybe 1 btc goes to price of 1 million or just 1 cent. but let say i will go retire when i collect 50000 btc, it's enough for me. Roll Eyes

50000 bitcoins Shocked

its really a huge amount ! so you want to be a millionaire while retire ? 50000 btc will be more then 32 million $ as of the price of now but Shocked

after 30 year price it will be a ton, good luck for that bro !

Lol I thought it was a target that does not make sense come on use rational plan and it is possible to do or you can do. may still make sense if you have a target of at least 1000 BTC. it was very likely done by approximating 50 BTC annually. but I'm sure you had to work hard to get it

If you have a lot of money you can easily buy a lot of bitcoins but if you are just working for bitcoin I am even skeptical if we can have at least 50 BTC in a year, that is hard to to by working alone. In my case, my target is just 1 BTC per month and so far I have made it but I need to risk through trading.

That is right. It is better just to do normal work and be paid in the fiat and then buy bitcoin with fiat.

in my opinion if i had a chance to choose right now i would choose working for bitcoins and nothing else, in my opinion bitcoins are the best as the price is going to grow

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Quote from: dihari on August 03, 2016, 02:05:10 AM

you don't need to buy bitcoin if you plan to save money for 20 years. you have to save gold if you plan for it.
because gold have low risk. and the stability price is better than bitcoin.

it good to have both in long term
both are good and both will go up in price
some say silver will be good but I don't know when

dihari

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you don't need to buy bitcoin if you plan to save money for 20 years. you have to save gold if you plan for it.
because gold have low risk. and the stability price is better than bitcoin.

mirakal

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Quote from: Dr.Osh on August 02, 2016, 04:52:13 AM

Quote from: Dux2K on August 01, 2016, 02:16:52 PM

Quote from: GamingBro on August 01, 2016, 06:52:07 AM

Many factors that preventing to count how much bitcoins do you need, i don't know how much money will cost bitcoins soon and also i don't know what will happen in 20 years.

True to some point you must have some amount of bitcoin stored no matter how much you think the price will be

Well certainly we need bitcoin as much at the time, because we will not be able to guess what will be the bitcoin at the time, the price is down or up, we do not need to worry about that if we have very many bitcoin. I guess it would be the same, but I think at the moment it is only bitcoin already really high

Since we are talking here for a long term investment, we should not panic for any market crisis with bitcoins, our goal should only be one and we should focus on that goal, let us save and save until we reach the number of bitcoins to accumulate base on our goal.

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i think for me 50 btc is enough to retire in 20 years. because if we are lucky that bitcoin will continue to increase we will be millionaire in 20 years..

Dr.Osh

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Quote from: Dux2K on August 01, 2016, 02:16:52 PM

Quote from: GamingBro on August 01, 2016, 06:52:07 AM

Many factors that preventing to count how much bitcoins do you need, i don't know how much money will cost bitcoins soon and also i don't know what will happen in 20 years.

True to some point you must have some amount of bitcoin stored no matter how much you think the price will be

Well certainly we need bitcoin as much at the time, because we will not be able to guess what will be the bitcoin at the time, the price is down or up, we do not need to worry about that if we have very many bitcoin. I guess it would be the same, but I think at the moment it is only bitcoin already really high

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Quote from: Vhern on July 27, 2016, 12:57:14 PM

I think with the inflation of BTC a 100 btc is a must you need to earn that much to have your life free of financial problems, but supposedly a 10 btc is great though because BTC is getting higher and higher overtime.

that should be good amount of coin to have in 20 years
for price we can only speculate and guess what will it be will be like it is now (which i dont think so) or it will be much higher (some even speculate over 10k)
for any amount you as user need to decide what amount you need in 20 year 200k or 1mill $ in btc

Dux2K

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Quote from: GamingBro on August 01, 2016, 06:52:07 AM

Many factors that preventing to count how much bitcoins do you need, i don't know how much money will cost bitcoins soon and also i don't know what will happen in 20 years.

True to some point you must have some amount of bitcoin stored no matter how much you think the price will be

TGD

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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?

Actually not only bitcoin you need Fiat money and more investment and own your real business, if you want to retired that have enough money , work hard for now and make your money work for you.

GamingBro

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Many factors that preventing to count how much bitcoins do you need, i don't know how much money will cost bitcoins soon and also i don't know what will happen in 20 years.

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Quote from: AlphaSun on July 31, 2016, 07:52:00 AM

Quote from: Zooplus on July 31, 2016, 01:19:44 AM

Quote from: ajun96 on July 30, 2016, 07:23:15 PM

Quote from: Jimbola3 on July 27, 2016, 10:22:55 AM

Quote from: fikihafana on July 27, 2016, 09:37:22 AM

depends on price in 20 year for start maybe 1 btc goes to price of 1 million or just 1 cent. but let say i will go retire when i collect 50000 btc, it's enough for me. Roll Eyes

50000 bitcoins Shocked

its really a huge amount ! so you want to be a millionaire while retire ? 50000 btc will be more then 32 million $ as of the price of now but Shocked

after 30 year price it will be a ton, good luck for that bro !

Lol I thought it was a target that does not make sense come on use rational plan and it is possible to do or you can do. may still make sense if you have a target of at least 1000 BTC. it was very likely done by approximating 50 BTC annually. but I'm sure you had to work hard to get it

If you have a lot of money you can easily buy a lot of bitcoins but if you are just working for bitcoin I am even skeptical if we can have at least 50 BTC in a year, that is hard to to by working alone. In my case, my target is just 1 BTC per month and so far I have made it but I need to risk through trading.

That is right. It is better just to do normal work and be paid in the fiat and then buy bitcoin with fiat.

well i think you are right about it, working with bitcoins would mean that you might get a big loss if you will not be able to trade it back into fiat

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If the bitcoin survive the next 20 years, the user number will be 100 times now, and the price will be 10,000 times.

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Quote from: mundang on July 31, 2016, 08:00:08 AM

What if bitcoin will be at its deepest price after 20 years,so 1000btc is not enough for you to say that you can live a happy life by then.it depends on the price,if you only save 100btc and the price is huge like 20000$ it will make you happy for the rest of your life.

so you want to say that it is not good to depend on bitcoin for living, either it give you a good income or not, because the price of bitcoin is not reliable some time it may reach to a very high level and some time it can fell down very much, my personal view is that bitcoin should be keep as second option, its income should also be consider as extra income, therefore i think we need to find a permanent job or business from where we can get a regular income and we keep the bitcoin in second place.

razor5cl

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To echo what others have said on this topic, I'd get a small amount(by today's standards anyway) of bitcoin, say two or three, and then keep the rest of your fund elsewhere. Invest in property, save some fiat currency every month, maybe invest in gold or art or wines or something, but don't go all in on bitcoin, many people will tell you horror stories of them losing money because they went all in on a "good idea" that went bust.

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