How many bitcoins do I need to retire in 20 years? - page 25.

geopolisch

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Quote from: mirakal on July 16, 2016, 03:06:29 AM

Quote from: rio3233 on July 15, 2016, 11:13:10 PM

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.

mirakal

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Quote from: rio3233 on July 15, 2016, 11:13:10 PM

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.

rio3233

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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.

mirakal

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Quote from: DeDordtenaar on July 15, 2016, 05:52:30 PM

Quote from: mark coins on July 13, 2016, 03:54:25 PM

Quote from: Dux2K on July 13, 2016, 03:46:59 PM

With this current price and we all know that it will go up 10-20 will be enough

We are not sure what will be the price after 20 years, so to be on safer side I think we should try to collect more coins so even if price goes lower, more coins will take good care of us.

Yeah agree with maybe we should have a backup plan because we do not know the price is going to happen in 20 years to come then you have to do is predict the lowest possible price and then calculate the cost of living in the country. I'm sure by predicting the lowest possible price you can be ready with all the possibilities in the 20 years to come

We can start that by putting a savings now, we should just set up a savings with an amount that we can afford to lose as we cannot rely all our savings in bitcoin only due to the risk associated in doing it.

DeDordtenaar

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Quote from: mark coins on July 13, 2016, 03:54:25 PM

Quote from: Dux2K on July 13, 2016, 03:46:59 PM

With this current price and we all know that it will go up 10-20 will be enough

We are not sure what will be the price after 20 years, so to be on safer side I think we should try to collect more coins so even if price goes lower, more coins will take good care of us.

Yeah agree with maybe we should have a backup plan because we do not know the price is going to happen in 20 years to come then you have to do is predict the lowest possible price and then calculate the cost of living in the country. I'm sure by predicting the lowest possible price you can be ready with all the possibilities in the 20 years to come

diodio5

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Quote from: PemburuReceh on July 15, 2016, 03:54:08 PM

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

yeah may be at risk if you buy 100 BTC by fiat therefore I use other methods such as a free way to earn bitcoin. but I also need to buy bitcoin when certain circumstances. so buy and earn bitcoin by certain method. I'm sure you can get 100 BTC in that time

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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

AlphaSun

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Quote from: purebitco on July 15, 2016, 10:45:11 AM

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?

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.

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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?

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

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Quote from: Dux2K on July 15, 2016, 08:54:52 AM

Quote from: Mr. Big on July 14, 2016, 11:43:43 PM

Quote from: enhu on July 14, 2016, 11:41:08 PM

Quote from: Zadicar on July 14, 2016, 11:29:08 PM

100 BTC would be enough for my opinion. half of it just keep it until the price of bitcoin goes up the other half invest so that i would grow and you can make a living out of it.

Depends to where and how you live. 100 btc wouldn't be enough if you plan to live like a king. I say you will still have to work everyday when you get to have 100 btc and live on a big city like NY. Move to South America or to Asia if you just have 100btc. but still you would need to really have a good plan to earn still.

Yeah that's true, it doesn't matter how many do you have, what matters is how you could make a living out of what you only have...Your retirement fund should sustain until the day that you don't need funds anymore.. Actually 100 Bitcoin could be enough if you would live a simple living and earning from your 100 bitcoins..

this may be true and that is round number
this may be fortune in 20 years

I think we really need the BTC very much on the time it arrived. may for business purposes, I think 100 BTC it was enough but it might be better to prepare BTC even more so the results we get better. Well, maybe just at that moment bitcoin prices to be high, it would be very beneficial if you have a lot of bitcoin

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Quote from: Mr. Big on July 14, 2016, 11:43:43 PM

Quote from: enhu on July 14, 2016, 11:41:08 PM

Quote from: Zadicar on July 14, 2016, 11:29:08 PM

100 BTC would be enough for my opinion. half of it just keep it until the price of bitcoin goes up the other half invest so that i would grow and you can make a living out of it.

Depends to where and how you live. 100 btc wouldn't be enough if you plan to live like a king. I say you will still have to work everyday when you get to have 100 btc and live on a big city like NY. Move to South America or to Asia if you just have 100btc. but still you would need to really have a good plan to earn still.

Yeah that's true, it doesn't matter how many do you have, what matters is how you could make a living out of what you only have...Your retirement fund should sustain until the day that you don't need funds anymore.. Actually 100 Bitcoin could be enough if you would live a simple living and earning from your 100 bitcoins..

this may be true and that is round number
this may be fortune in 20 years

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Quote from: enhu on July 14, 2016, 11:41:08 PM

Quote from: Zadicar on July 14, 2016, 11:29:08 PM

100 BTC would be enough for my opinion. half of it just keep it until the price of bitcoin goes up the other half invest so that i would grow and you can make a living out of it.

Depends to where and how you live. 100 btc wouldn't be enough if you plan to live like a king. I say you will still have to work everyday when you get to have 100 btc and live on a big city like NY. Move to South America or to Asia if you just have 100btc. but still you would need to really have a good plan to earn still.

Yeah that's true, it doesn't matter how many do you have, what matters is how you could make a living out of what you only have...Your retirement fund should sustain until the day that you don't need funds anymore.. Actually 100 Bitcoin could be enough if you would live a simple living and earning from your 100 bitcoins..

enhu

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Quote from: Zadicar on July 14, 2016, 11:29:08 PM

100 BTC would be enough for my opinion. half of it just keep it until the price of bitcoin goes up the other half invest so that i would grow and you can make a living out of it.

Depends to where and how you live. 100 btc wouldn't be enough if you plan to live like a king. I say you will still have to work everyday when you get to have 100 btc and live on a big city like NY. Move to South America or to Asia if you just have 100btc. but still you would need to really have a good plan to earn still.

Zadicar

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100 BTC would be enough for my opinion. half of it just keep it until the price of bitcoin goes up the other half invest so that i would grow and you can make a living out of it.

PemburuReceh

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I take half of the BTC I make mining and put it in a cold wallet, my plan is to leave that alone for a looong time.

AlphaSun

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Quote from: Altynbekova on July 14, 2016, 08:49:33 AM

You are going to need quiet some Bitcoin if you want to retire over 20 years but I have to say that it is going to depend allot on the value.
If the value is high then you will need less Bitcoin but if it is low then you will need more of course.

I think the price of bitcoin will rise a lot in the next 20 years, it could rise between 100 to 1000 times.

Altynbekova

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You are going to need quiet some Bitcoin if you want to retire over 20 years but I have to say that it is going to depend allot on the value.
If the value is high then you will need less Bitcoin but if it is low then you will need more of course.

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Quote from: Hatuferu on July 14, 2016, 08:05:34 AM

Quote from: anthonydar on July 14, 2016, 05:02:46 AM

Quote from: blackmachinegun on July 13, 2016, 04:18:24 PM

Quote from: Dux2K on July 13, 2016, 03:46:59 PM

With this current price and we all know that it will go up 10-20 will be enough

nope you're supposed to think or predict the smallest price is going to happen in 20 years. so it will motivate you to get more bitcoin and surely you have prepared for the possibility that the smallest price so you will not be disappointed with the price in the future. because you've been preparing for it

I think the price of bitcoin is good now. It does not rise too much and there is no price bubble. We can buy more.

We should do that, but make you understand the current trend pretty much so will will not easily dump when you see price fall back, any price fall back is normal as the next thing would happen is continuous price increase.

Buying more today is not even too late as can still consider ourselves as early adopter of bitcoin. Bitcoin's price is currently on is stable state, so we can safely say that there's no bubble surrounding the price for now.

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Quote from: anthonydar on July 14, 2016, 05:02:46 AM

Quote from: blackmachinegun on July 13, 2016, 04:18:24 PM

Quote from: Dux2K on July 13, 2016, 03:46:59 PM

With this current price and we all know that it will go up 10-20 will be enough

nope you're supposed to think or predict the smallest price is going to happen in 20 years. so it will motivate you to get more bitcoin and surely you have prepared for the possibility that the smallest price so you will not be disappointed with the price in the future. because you've been preparing for it

I think the price of bitcoin is good now. It does not rise too much and there is no price bubble. We can buy more.

We should do that, but make you understand the current trend pretty much so will will not easily dump when you see price fall back, any price fall back is normal as the next thing would happen is continuous price increase.

anthonydar

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Quote from: blackmachinegun on July 13, 2016, 04:18:24 PM

Quote from: Dux2K on July 13, 2016, 03:46:59 PM

With this current price and we all know that it will go up 10-20 will be enough

nope you're supposed to think or predict the smallest price is going to happen in 20 years. so it will motivate you to get more bitcoin and surely you have prepared for the possibility that the smallest price so you will not be disappointed with the price in the future. because you've been preparing for it

I think the price of bitcoin is good now. It does not rise too much and there is no price bubble. We can buy more.

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