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Topic: How many bitcoins do I need to retire in 20 years? - page 24. (Read 320352 times)

hero member
Activity: 3010
Merit: 666
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.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
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.
sr. member
Activity: 434
Merit: 250
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.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
We can't actually say the exact amount of bitcoins that you're gonna be needing because 20 years is such a long time. Bitcoin's price would be really different from what it is now. The cost of living would also be different. In 20 years, you might even have a medical condition or something like that that makes you pay a lot of money. Regardless of all these things, you should get as much bitcoins as you could just to make sure that you would be able to retire in 20 years.


Well, that's true, with your statement, I could say that it would be better if would collect as much as we can collect before we retire after 20 years.. The more you have, the lesser the chance that you will get poor or getting killed because of disease because you can afford   the cost of hospitalization in the future if you have saved a lot...
full member
Activity: 154
Merit: 100
The next 20 years is really long long time. I think you need at least 300-1000 bitcoins or even more to retire in the next 20 years, but for now you can earn bitcoins for next 20 years.
Even 300 bitcoin would be fine as when the bitcoin will increase as time pass by then the value of what you are holding will be enough to live a decent life.
Just remember that bitcoin is volatile and the price could drop or rise at any time. So you may need less bitcoin or more bitcoin depending on the price.
It's volatile but the trend is increasing that matters, we should always think of the future when investing because that is why we are investing now so we can benefit in the future. The volatility of bitcoins is still good for the day traders as they can make money from it consistently.
Volatility will never be remove in this coins since we only have limited supply of  it. ANd the good thing is eventhough it is volatile, it remain it's behavior being a deflating currency.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
The next 20 years is really long long time. I think you need at least 300-1000 bitcoins or even more to retire in the next 20 years, but for now you can earn bitcoins for next 20 years.
Even 300 bitcoin would be fine as when the bitcoin will increase as time pass by then the value of what you are holding will be enough to live a decent life.
Just remember that bitcoin is volatile and the price could drop or rise at any time. So you may need less bitcoin or more bitcoin depending on the price.
It's volatile but the trend is increasing that matters, we should always think of the future when investing because that is why we are investing now so we can benefit in the future. The volatility of bitcoins is still good for the day traders as they can make money from it consistently.
hero member
Activity: 826
Merit: 502
We can't actually say the exact amount of bitcoins that you're gonna be needing because 20 years is such a long time. Bitcoin's price would be really different from what it is now. The cost of living would also be different. In 20 years, you might even have a medical condition or something like that that makes you pay a lot of money. Regardless of all these things, you should get as much bitcoins as you could just to make sure that you would be able to retire in 20 years.
sr. member
Activity: 266
Merit: 251
The next 20 years is really long long time. I think you need at least 300-1000 bitcoins or even more to retire in the next 20 years, but for now you can earn bitcoins for next 20 years.
Even 300 bitcoin would be fine as when the bitcoin will increase as time pass by then the value of what you are holding will be enough to live a decent life.
Just remember that bitcoin is volatile and the price could drop or rise at any time. So you may need less bitcoin or more bitcoin depending on the price.
hero member
Activity: 518
Merit: 500
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 think that you need to have like 3 bitcoins as i am sure that their price will be large in future so you will have enough money to live well if you will sell these bitcoins

It depends on the price of the bitcoin. I think the bitcoin could rise 40% a year on average in the next 20 years.
yeah of course it depends on the price in 20 years to come certainly to perform a calculation of how bitcoin should you collect you must
know the price of that happened. therefore you have to predict the price in 20 years later and started to collect bitcoin

And your lifestyle will also dictate how much you will be needing. If you just plan on living off your bitcoin, and you have no other source if income, you would really need a lot of bitcoins. And you must also consider at what price bitcoin will be in the coming years. Life is full of uncertainties and we should not put all our eggs in one basket, so better diversify in order to avoid being poor in your retirement years.
legendary
Activity: 1372
Merit: 1008
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 think that you need to have like 3 bitcoins as i am sure that their price will be large in future so you will have enough money to live well if you will sell these bitcoins

It depends on the price of the bitcoin. I think the bitcoin could rise 40% a year on average in the next 20 years.
yeah of course it depends on the price in 20 years to come certainly to perform a calculation of how bitcoin should you collect you must
know the price of that happened. therefore you have to predict the price in 20 years later and started to collect bitcoin
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
100 is enough...
The value of bitcoin can change in the future and 100 btc from that time might be a very huge amount. for me 50 btc would be fine to retire in 20 years. we predict for a far event to happen so let us see when that time comes.
I can live with 10 BTC in the future as I am too optimistic with the price, and besides I would not rely only my future with bitcoins as I have a different savings and investment outside crypto world.
hero member
Activity: 3010
Merit: 629
100 is enough...
The value of bitcoin can change in the future and 100 btc from that time might be a very huge amount. for me 50 btc would be fine to retire in 20 years. we predict for a far event to happen so let us see when that time comes.
full member
Activity: 226
Merit: 100
100 is enough...

I think the bitcoin will be worth between $100,000 to $500,000 each in 20 years, so you need 2 to 10 bitcoins.
full member
Activity: 194
Merit: 100
100 is enough...
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
You must have 3000 bitcoin to get retire that is enough for your retirement you can make business gor your daily income do shopping and make deposit to your bank account. Do some vacation that you will never do when the time get you busy for bitcoim. And buy a car for you have to ride it free .

That's enough, 3000 bitcoin is effin' big...Which I think might not be possible to accumulate if you would just start this days..Even if you have to purchase 1 bitcoin a month, in 20 years that would just be around 240+...You have to earn more than double in your day time job, extra jobs, investments and your business to buy 3000 bitcoin...
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
You must have 3000 bitcoin to get retire that is enough for your retirement you can make business gor your daily income do shopping and make deposit to your bank account. Do some vacation that you will never do when the time get you busy for bitcoim. And buy a car for you have to ride it free .
Whooah! that is a big amount of money man, in 20 years this current price will substantially increase and having that number of bitcoins will already guarantee you to live a very comfortable life, but the question is how would you do it with your method now?
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
You must have 3000 bitcoin to get retire that is enough for your retirement you can make business gor your daily income do shopping and make deposit to your bank account. Do some vacation that you will never do when the time get you busy for bitcoim. And buy a car for you have to ride it free .
hero member
Activity: 532
Merit: 500
I think for being sure and rich you should at least get 100 bitcoins, otherwise, it would be a risky investment iff you buy 100 now and bitcoin would get shut down by governments and youre bitcoin would get useless
I think no one knows for sure how bitcoin that you need in the future. because no one knows what the price of bitcoin will happen in the future.
so I think 100 BTC may be sufficient, may not be enough for risk minimize I think you have to gather more bitcoin
full member
Activity: 210
Merit: 100
The next 20 years is really long long time. I think you need at least 300-1000 bitcoins or even more to retire in the next 20 years, but for now you can earn bitcoins for next 20 years.
Even 300 bitcoin would be fine as when the bitcoin will increase as time pass by then the value of what you are holding will be enough to live a decent life.

I don't think so 300 to 1000 bitcoins will be enough for retirement after 20 years. he probably need more and more to spend him retirement life with all necessaries and necessities.
and 20 years are too long period of times. if he start today to make bitcoin I am sure he'll make more then many thousands of bitcoins.
It depends on what type of lifestyle you're currently living, if you use to spend 50 bucks every then probably 1000 btc is not enough but if you're the type of guy that's feel enough for 10-15 bucks 300btc will be great for you since the value of it will increase dynamically you should expect than your 300 btc will give you more money to spend for your 20 years of retirement.
full member
Activity: 226
Merit: 100
The next 20 years is really long long time. I think you need at least 300-1000 bitcoins or even more to retire in the next 20 years, but for now you can earn bitcoins for next 20 years.
Even 300 bitcoin would be fine as when the bitcoin will increase as time pass by then the value of what you are holding will be enough to live a decent life.

I don't think so 300 to 1000 bitcoins will be enough for retirement after 20 years. he probably need more and more to spend him retirement life with all necessaries and necessities.
and 20 years are too long period of times. if he start today to make bitcoin I am sure he'll make more then many thousands of bitcoins.

In 20 years, the bitcoin price could be between $300,000 to $800,000 each at today's fiat value, so 10 bitcoin will be OK.
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