How many bitcoins do I need to retire in 20 years? - page 23.

OrangeII

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Quote from: mrhelpful on July 25, 2016, 12:35:36 PM

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

Quote from: ASHLIUSZ on July 25, 2016, 09:29:28 AM

Quote from: anthonydar on July 25, 2016, 02:26:41 AM

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

I dont know about 20 years to reach those levels, it would probably taking more..

Since we wouldnt know based on time, its better to make up the difference now in quantity if it ever does reach those levels..

Well, we can predict our heart's content about bitcoin, but if you calculate it according to the circumstances, perhaps the price of bitcoin will not be as high as $500,000 in 2020. The highest possible bitcoin price at the time was $ 2,000. we need bitcoin as much as possible to make our lives easier when the time comes

mrhelpful

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

Quote from: ASHLIUSZ on July 25, 2016, 09:29:28 AM

Quote from: anthonydar on July 25, 2016, 02:26:41 AM

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

I dont know about 20 years to reach those levels, it would probably taking more..

Since we wouldnt know based on time, its better to make up the difference now in quantity if it ever does reach those levels..

Dux2K

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Quote from: ASHLIUSZ on July 25, 2016, 09:29:28 AM

Quote from: anthonydar on July 25, 2016, 02:26:41 AM

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

ASHLIUSZ

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Quote from: anthonydar on July 25, 2016, 02:26:41 AM

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.

Ziskinberg

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Quote from: anthonydar on July 25, 2016, 02:26:41 AM

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.

That is a good estimate and I really like that to happen, but after 20 years what would be the prices of the basic commodities, the amount you have mentioned would still be having the same value after 20 years? if the answer is yes then we should live a comfortable life then.

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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.

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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.

Kotone

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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.

Zooplus

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Quote from: target on July 23, 2016, 11:07:27 PM

Quote from: anthonydar on July 23, 2016, 11:50:18 AM

Quote from: Ziskinberg on July 21, 2016, 07:21:39 AM

Quote from: noormcs5 on July 21, 2016, 06:36:13 AM

No one can say the exact amount of bitcoin which we need it after 20 years, when we retire from our good job and also from our good health, than of course in that time, we need a big amount. So if we refer to save the fiat currency into bitcoins, so it is really good idea, because passing the time bitcoin value will be increased, But i think less than 20 Bitcoins is enough amount to save for your retire life.

Well, since we don't know the future we can never tell what will happen in the future, at current we are living with our prediction about bitcoins and investing in bitcoin and treating it as our retirement money in the future would mean a big faith in this digital currency. I salute those people who are doing this as they deserved to be rewarded when they retired.

If some of us were brave enough when we knew the bitcoin 5 years ago and bought some, we would be rich.

That is if what we are expecting to happen are going to happen indeed.
I say you do need to have thousands of bitcoin and maybe altcoins as well just as your fallback. For someone who doesn't have health insurance, this is going to be necessary and that is why i'm preparing myself.

We should not actually rely fully on bitcoin for our retirement as we never know if this bitcoin will still exist in the near future. I am a believer of bitcoin but I reserved some doubts on this project and I believe that should be the way of thinking for everyone here.

target

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Quote from: anthonydar on July 23, 2016, 11:50:18 AM

Quote from: Ziskinberg on July 21, 2016, 07:21:39 AM

Quote from: noormcs5 on July 21, 2016, 06:36:13 AM

No one can say the exact amount of bitcoin which we need it after 20 years, when we retire from our good job and also from our good health, than of course in that time, we need a big amount. So if we refer to save the fiat currency into bitcoins, so it is really good idea, because passing the time bitcoin value will be increased, But i think less than 20 Bitcoins is enough amount to save for your retire life.

Well, since we don't know the future we can never tell what will happen in the future, at current we are living with our prediction about bitcoins and investing in bitcoin and treating it as our retirement money in the future would mean a big faith in this digital currency. I salute those people who are doing this as they deserved to be rewarded when they retired.

If some of us were brave enough when we knew the bitcoin 5 years ago and bought some, we would be rich.

That is if what we are expecting to happen are going to happen indeed.
I say you do need to have thousands of bitcoin and maybe altcoins as well just as your fallback. For someone who doesn't have health insurance, this is going to be necessary and that is why i'm preparing myself.

Crazygreek

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Quote from: Sharky444 on July 23, 2016, 03:54:23 PM

The technology in 20 years will be so different, I don't think an investment that prolonged in any current digital coin makes sense.

Yes, you are right about future, but anyway people can get enough money right now to live the rest of life without work i think, it's depend on amount of money only.

gerXhonza

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Quote from: Sharky444 on July 23, 2016, 03:54:23 PM

The technology in 20 years will be so different, I don't think an investment that prolonged in any current digital coin makes sense.

yup and we really don't know that bitcoin will be alive that long or not so its useless to think of that, it would be much better if we act and react in present scenario.

Sharky444

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The technology in 20 years will be so different, I don't think an investment that prolonged in any current digital coin makes sense.

crairezx20

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Quote from: universe_ on July 23, 2016, 01:06:39 PM

Quote from: bitcoinisfurture on July 23, 2016, 12:52:10 PM

Quite an subjective question where all answers would be treated as correct Tongue

. The answer could range from 1 coin, to 1 million coins, to no amount of coins. Even the country may ban btc or it may just not be useful after 20 years.

yeah it is really hard to predict to be honest though in my opinion it should be enough of something like 50 bitcoins as the price will be huge

Well 50 btc is high amount of bitcoin i think even now if you have had 50 btc you start your own business right now and increase the amount of your btc using 50 btc.
Better to start your own business to retire in your job.

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Quote from: bitcoinisfurture on July 23, 2016, 12:52:10 PM

Quite an subjective question where all answers would be treated as correct Tongue

. The answer could range from 1 coin, to 1 million coins, to no amount of coins. Even the country may ban btc or it may just not be useful after 20 years.

yeah it is really hard to predict to be honest though in my opinion it should be enough of something like 50 bitcoins as the price will be huge

peta4e

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Quote from: bitcoinisfurture on July 23, 2016, 12:52:10 PM

Quite an subjective question where all answers would be treated as correct Tongue

. The answer could range from 1 coin, to 1 million coins, to no amount of coins. Even the country may ban btc or it may just not be useful after 20 years.

[
That's true and it will also depend on what price it will depend on the price of bitcoin so even 10 btc can take care of us or even 100 btc will not be enough.

bitcoinisfurture

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Quite an subjective question where all answers would be treated as correct Tongue

. The answer could range from 1 coin, to 1 million coins, to no amount of coins. Even the country may ban btc or it may just not be useful after 20 years.

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Quote from: sishendaoye on July 21, 2016, 03:59:05 AM

Not sure on how many Bitcoin you need to retire in 20 years because it is also going to depend on how much the Bitcoin is worth at that point.
Just try to earn as many Bitcoin as possible then you will be fine and have no regrets.

i think the price is going to go up a lot in the near future, in my opinion it should be enough of something like 30 bitcoins or so

picolo

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I would estimate that you need 10 bitcoins in 20 years to be able to retire and live well in one of the top 20 richest countries when you retire without any other income.
Living well means being able to pay all your bills for you and your spouse plus have a decent budget for entertainment and traveling and be in the top 20% richest of the population

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Quote from: Ziskinberg on July 21, 2016, 07:21:39 AM

Quote from: noormcs5 on July 21, 2016, 06:36:13 AM

No one can say the exact amount of bitcoin which we need it after 20 years, when we retire from our good job and also from our good health, than of course in that time, we need a big amount. So if we refer to save the fiat currency into bitcoins, so it is really good idea, because passing the time bitcoin value will be increased, But i think less than 20 Bitcoins is enough amount to save for your retire life.

Well, since we don't know the future we can never tell what will happen in the future, at current we are living with our prediction about bitcoins and investing in bitcoin and treating it as our retirement money in the future would mean a big faith in this digital currency. I salute those people who are doing this as they deserved to be rewarded when they retired.

If some of us were brave enough when we knew the bitcoin 5 years ago and bought some, we would be rich.

Topic: How many bitcoins do I need to retire in 20 years? - page 23. (Read 320352 times)