How many bitcoins do I need to retire in 20 years? - page 21.

diegz

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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.

That is why, our retirement funds should not only be in bitcoin, it should also be in other form, like gold and investments, just to be safe if bitcoin fails... We need to secure our retirement, that is the last years in our life and that is the right time to rest and have a happy life, it should not be compromised or else, we will be living our retirement bumpy..

mundang

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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.

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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.

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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.

ajun96

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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

blackmachinegun

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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.

I think it's a very small target? I think you have to think that the price will be below average or the price will not skyrocket. so you would think to get more bitcoin? 10 BTC in the 20 years to come? lol I'm sure you could spend 10 BTC in one day for paying the cost of living in the 20 years to come

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Quote from: darkmagician on July 29, 2016, 07:38:19 AM

I currently don't know how much BTC I will need.

Once retired, then something will be rotten, so don't do it.

Perhaps get 21 BTC,at least?

The bitcoin price could be beween 100,000 to 1 million dollar each in 20 years. So you might need 21 coins.

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Quote from: darkmagician on July 29, 2016, 07:38:19 AM

I currently don't know how much BTC I will need.

Once retired, then something will be rotten, so don't do it.

Perhaps get 21 BTC,at least?

That would depend on your lifestyle in life and your dream life after 20 years, if you want a very simple life then 21 BTC as your projection would be a good amount of money when you cash out after 20 years, so just need to hope and pray that price will be moving in increasing direction.

darkmagician

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I currently don't know how much BTC I will need.

Once retired, then something will be rotten, so don't do it.

Perhaps get 21 BTC,at least?

xIIImaL

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Quote from: Mr. Big on July 29, 2016, 01:17:40 AM

Quote from: romero121 on July 28, 2016, 12:38:02 PM

There is nothing to be targeted in earning when get retired after 20years time. It's better to multiply as much you have as well earn through different methods help comfortable living after retirement.

Yeah, the more you have the comfortable your retirement will be, and also, engaging on small scale business now( bitcoin related ) could also help in bitcoin if we are planning to retire with bitcoin as the only source of living that time... Besides, even if we are already retired, I think it is good to be busy and engage in day to day activities so we will not weaken earlier...

if more and more people gets involved in the bitcoins the prices will be more stable in the future and that is what we all are waiting for that bitcoin should achieve the stability in its price and how much bitcoins do we need at retirement age depends on the person that what lifestyle...

Zooplus

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Quote from: Mr. Big on July 29, 2016, 01:17:40 AM

Quote from: romero121 on July 28, 2016, 12:38:02 PM

There is nothing to be targeted in earning when get retired after 20years time. It's better to multiply as much you have as well earn through different methods help comfortable living after retirement.

Yeah, the more you have the comfortable your retirement will be, and also, engaging on small scale business now( bitcoin related ) could also help in bitcoin if we are planning to retire with bitcoin as the only source of living that time... Besides, even if we are already retired, I think it is good to be busy and engage in day to day activities so we will not weaken earlier...

If your body get use to working you will looking for it, and even if you are on your retirement part of your relaxation would still include managing your business if you have some because of bitcoins. It is very good to have a sayings in bitcoin as a future retirement.

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Quote from: romero121 on July 28, 2016, 12:38:02 PM

There is nothing to be targeted in earning when get retired after 20years time. It's better to multiply as much you have as well earn through different methods help comfortable living after retirement.

Yeah, the more you have the comfortable your retirement will be, and also, engaging on small scale business now( bitcoin related ) could also help in bitcoin if we are planning to retire with bitcoin as the only source of living that time... Besides, even if we are already retired, I think it is good to be busy and engage in day to day activities so we will not weaken earlier...

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Quote from: Dux2K on July 25, 2016, 11:30:03 AM

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Quote from: mirakal on July 24, 2016, 07:45:44 AM

Quote from: Kotone on July 24, 2016, 02:59:16 AM

As minimum as 3 Bitcoin. Because someday after so many years, maybe the price for bitcoin will rise at 1000$ per btc so in that case you will get as much as 3000$ . But I think after 20 Years ? Maybe Bitcoin is dead now, or dumped I think. Because look at the other Altcoins now, look, they have the potential to rise at least 500$ per Coin. So in that case, if all Bitcoin blocks is now mined, maybe this other altcoins will rise and it will exchange it on Bitcoin's place for now.

Well, if you are just trusting your future with 3 Bitcoins then that is up to you because you will be the one who will save for that but for me I would just have to save at least 10 bitcoins because we don't know the future of bitcoins if the price will rely rise that big. I believe it will rise but not that really high compared to the price now. It is better to have a conservative estimate in order to raise for bitcoins in the future.

I think after 20 years, the bitcoin price will be about $500,000 each, so with 3 bitcoin, you should have good life.

We can't predict anything about the future of bitcoin, I need nearly 20 bitcoin so that it don't hurt me if the price doesn't skyrocket after 20 years.

20 in 20 year that is nice with some good price that would be fine

Lol I think it was the fact that the upside. if you do not want to be disappointed in the 20 years to come. I think you have to collect more than 20 BTC bitcoin. suppose the price does not skyrocket in the 20 years to come. maybe the price will be about $ 200. if you only had 20 BTC you will only get $ 4,000. it is my salary for 3 months? lol

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Quote from: MariusAr on July 28, 2016, 05:32:53 AM

You would be good with something like 15, but of course, the more, the better

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pff 15 bitcoins would definitely be not enough, that would be a really small amount of money in 20 year i think

for my retirement i would need to have like 5 million dollars for the rest of my life to live a good quality life so i think i would need like 100 bitcoins

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It depends on how old you're going to be in 20 years, as well as how long you expect to live. The rule of thumb I have for you is to go and make as much as possible when you can and then hope that you have enough, and I highly recommend that you make as much as possible because chances are you're going to need it.

As for retiring in 20 years, I'd say something like 100+ Bitcoins would do pretty well, and give you a really nice retirement if there's a constant upwards trend, or maybe something like 50 Bitcoins would be satisfactory if there's enough movement with the market.

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There is nothing to be targeted in earning when get retired after 20years time. It's better to multiply as much you have as well earn through different methods help comfortable living after retirement.

Maesters1-

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i depend of the price of bitcoin after 20 year and also on the amount of bitcoin you held. if you have invested such a good amount of bitcoin that you consider to be support you in future and if the price of bitcoin is above 2500$ after 20 year then it will be good and may give you support in retirement.

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Quote from: buyinbtc on July 28, 2016, 06:28:53 AM

Quote from: Dux2K on July 27, 2016, 02:49:47 PM

Quote from: CryptoBjorn on July 27, 2016, 01:57:18 PM

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.

Suppose we get to 5k some day, then 100 bitcoin will be around 500k for your retirement. That's above average and you will enough money to live a healthy and deserved pension.
I do have to say that i won't advice to bet just on bitcoin. Make sure to have some extra cash around, just in case...

if that is price in 20 years I would like to have at least 50
with 50 btc and with even 2k price it's nice amount

thats true, you would need to have a lot of bitcoins, i even doubt that 50 would be enough, you would need like 100 bitcoins at least to be able to live

If you base your projection on the current price then 100 would not be even enough, but if bitcoin is really good in the future you would not predict base on the current price as we all know when adopters keeps increasing we might see a x10 price in the next 20 years and your bitcoins holding will have a greater value that could already give you a comfortable or even can live a lavish lifestyle.

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Quote from: Dux2K on July 27, 2016, 02:49:47 PM

Quote from: CryptoBjorn on July 27, 2016, 01:57:18 PM

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.

Suppose we get to 5k some day, then 100 bitcoin will be around 500k for your retirement. That's above average and you will enough money to live a healthy and deserved pension.
I do have to say that i won't advice to bet just on bitcoin. Make sure to have some extra cash around, just in case...

if that is price in 20 years I would like to have at least 50
with 50 btc and with even 2k price it's nice amount

thats true, you would need to have a lot of bitcoins, i even doubt that 50 would be enough, you would need like 100 bitcoins at least to be able to live

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Quote from: joinal on July 28, 2016, 12:38:18 AM

Quote from: Dux2K on July 27, 2016, 02:49:47 PM

Quote from: CryptoBjorn on July 27, 2016, 01:57:18 PM

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.

Suppose we get to 5k some day, then 100 bitcoin will be around 500k for your retirement. That's above average and you will enough money to live a healthy and deserved pension.
I do have to say that i won't advice to bet just on bitcoin. Make sure to have some extra cash around, just in case...

if that is price in 20 years I would like to have at least 50
with 50 btc and with even 2k price it's nice amount

i think it's up to you to select the target you want to get to 20 years to come, but my suggestion try to have a large target. it will make you become excited and working hard to get difficult targets, do not expect that prices will be higher in the future, Predict low price. so you're not disappointed if the price is really low,,

Just save as much as you can but consider your savings as the money that you can afford to lose. Anything can happen in 20 years, your bitcoins may have a great value of will become worthless so investing in a way that you can afford to lose is always advisable.

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