Pages:
Author

Topic: How many bitcoins do I need to retire in 20 years? - page 26. (Read 320352 times)

hero member
Activity: 532
Merit: 500
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
hero member
Activity: 910
Merit: 1000
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.
legendary
Activity: 1022
Merit: 1000
Blocklancer - Freelance on the Blockchain
With this current price and we all know that it will go up 10-20 will be enough
hero member
Activity: 574
Merit: 500
I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.

Yes you are right. We also need to count how much is the inflation on that years and the price of bitcoin for the next 20 years and you predict it.
i doubt that there will be any inflation in bitcoin price, in my opinion the price of the bitcoin is only going to grow so i think you will need something like 100 bitcoins and that would be enough

The inflation will be lower then the fiat form eventually if the rate just keeps going up..

But the day the rate flux down - then thats when you`ll be having problems of the inflation and to be comparable to the dollar if thats the end goal here then it would have to be lower or match 1%.
Bitcoin is not inflating because it has limited supply which is 21 million, once we achieve to mine those expect the value of bitcoin to deflate. Only paper money is inflating because bank make you paper money as long as they want.

That is right. So the bitcoin price will rise in the future. First, it will rise fast to replace the fiats. Then it will rise as the economy grows.
You really think that bitcoin is a cure for poverty in our world? because basically,the thing that claim in your post,actually is saying about it.
Bitcoin is a strong currency,we see it a great tool but you cannot get over-excited and say that it is that great,it can finish fiat.
We may see something like this in some time,but probably bitcoin wont win this war.
full member
Activity: 203
Merit: 100
★CryptoGamesFX.com★
I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.

Yes you are right. We also need to count how much is the inflation on that years and the price of bitcoin for the next 20 years and you predict it.
i doubt that there will be any inflation in bitcoin price, in my opinion the price of the bitcoin is only going to grow so i think you will need something like 100 bitcoins and that would be enough

The inflation will be lower then the fiat form eventually if the rate just keeps going up..

But the day the rate flux down - then thats when you`ll be having problems of the inflation and to be comparable to the dollar if thats the end goal here then it would have to be lower or match 1%.
Bitcoin is not inflating because it has limited supply which is 21 million, once we achieve to mine those expect the value of bitcoin to deflate. Only paper money is inflating because bank make you paper money as long as they want.

That is right. So the bitcoin price will rise in the future. First, it will rise fast to replace the fiats. Then it will rise as the economy grows.
full member
Activity: 154
Merit: 100
I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.

Yes you are right. We also need to count how much is the inflation on that years and the price of bitcoin for the next 20 years and you predict it.
i doubt that there will be any inflation in bitcoin price, in my opinion the price of the bitcoin is only going to grow so i think you will need something like 100 bitcoins and that would be enough

The inflation will be lower then the fiat form eventually if the rate just keeps going up..

But the day the rate flux down - then thats when you`ll be having problems of the inflation and to be comparable to the dollar if thats the end goal here then it would have to be lower or match 1%.
Bitcoin is not inflating because it has limited supply which is 21 million, once we achieve to mine those expect the value of bitcoin to deflate. Only paper money is inflating because bank make you paper money as long as they want.
hero member
Activity: 616
Merit: 500
I think that you will need quiet allot of Bitcoin at least 100 of them if you want to make some good money in the future.
Maybe the price in the future is not going to be as high as we expect it do be so you will need all the Bitcoin that you can earn.
legendary
Activity: 1106
Merit: 1000
I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.

Currencies are highly unpredictable, especially with digital crypto currencies. You might think you have saved up enough, and then when you reach there, the price drops. That won't be good. Saving up more than you need would be much better. Although this can be kept in mind, we cannot predict how much you would need for retirement. The price just changes too much.

Thats why I always prefer to save in fiat instead of  bitcoin for retirement life. because saving fiat money and calculation about every thing would be very easy and also fiat is more stable so if we fix a target it won't change or effect anyway.

but Bitcoin is a digital currency as you said and predicting about it is very hard. specially when it comes about 20 years after. then it will be more difficult to say that how much bitcoin I need after 20 years.. bitcoin price changes in minute and second bases, and some time it reduce and increase 100 dollars in one day.

Yes. this is also true that there is a chance of getting more profit but both can happen. profit or lose.

better to save your own local currency.
I do the opposite and I am taking the riskier way because I have a big ambition in life and I believe bitcoins will be in 20 years, it is my future that is at stake and I am willing to risk it.
legendary
Activity: 980
Merit: 1000
Don't Hesitate to Tip me for My Helps and Guides.
I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.

Currencies are highly unpredictable, especially with digital crypto currencies. You might think you have saved up enough, and then when you reach there, the price drops. That won't be good. Saving up more than you need would be much better. Although this can be kept in mind, we cannot predict how much you would need for retirement. The price just changes too much.

Thats why I always prefer to save in fiat instead of  bitcoin for retirement life. because saving fiat money and calculation about every thing would be very easy and also fiat is more stable so if we fix a target it won't change or effect anyway.

but Bitcoin is a digital currency as you said and predicting about it is very hard. specially when it comes about 20 years after. then it will be more difficult to say that how much bitcoin I need after 20 years.. bitcoin price changes in minute and second bases, and some time it reduce and increase 100 dollars in one day.

Yes. this is also true that there is a chance of getting more profit but both can happen. profit or lose.

better to save your own local currency.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
It depends on the country in which you live and the local currency. The cost of living in the region will make the difference.

for me it depends of your style of life too.
some people can life in america with simple style, and not all richman have style luxury and excessive.

in my country you can live just with $300 cost permonth
$300? Man what kind of life you are living? That is too small to spend within a month, we all want to live a comfortable life and with that amount you cannot spend for you leisure time anymore.
hero member
Activity: 784
Merit: 500
It depends on the country in which you live and the local currency. The cost of living in the region will make the difference.

for me it depends of your style of life too.
some people can life in america with simple style, and not all richman have style luxury and excessive.

in my country you can live just with $300 cost permonth
hero member
Activity: 490
Merit: 500
It depends on the country in which you live and the local currency. The cost of living in the region will make the difference.
I think if you see something of the minimum you would always feel less if you've got it so I think look for countries that have a higher cost of living. then calculate the amount of bitcoin what you need. so you're not going to trouble in the future when there is something that does not want
sr. member
Activity: 266
Merit: 251
I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.

Currencies are highly unpredictable, especially with digital crypto currencies. You might think you have saved up enough, and then when you reach there, the price drops. That won't be good. Saving up more than you need would be much better. Although this can be kept in mind, we cannot predict how much you would need for retirement. The price just changes too much.
It's better to have more than you need, and not need them, then to need them and not have them Smiley.
sr. member
Activity: 454
Merit: 250
It depends on the country in which you live and the local currency. The cost of living in the region will make the difference.
hero member
Activity: 826
Merit: 1000
The All-in-One Cryptocurrency Exchange
The more the better, that's the only precise answer. It's hard to say what price we will have by then, but I am positve it will be much higher then now.
That is, if the project succeeds offcourse.
Yes, the more is better but the problem is that how many? I think with current price I want to sell them now about 70 bitcons are enough.
hero member
Activity: 616
Merit: 500
Considering the overall market condition after 20 years from now will be like, we will have all mined coins in circulation (except those which are lost). I am sure that there will be prominent role of crypto currencies in digital economy, and since bitcoins will become rare and rare day by day (whatever reasons like loss of coins etc) it will be create higher demand which will lead to higher price.  You should accumulate coins keeping in mind your lifestyle, your future plans, inflation growth rate, assumptions of demands of that situation etc. Only you can determine mostly accurate amount based on audit of all these things

That are wise words. For some person 1 bitcoin is nothing but for another it's a month salary. So adjust your goals on that.
The future for bitcoin looks bright, but it shouldn't be your main goal to accumulate a lot of bitcoins at the expense all your money
hero member
Activity: 896
Merit: 1000
Live Stars - Adult Streaming Platform
The more the better, that's the only precise answer. It's hard to say what price we will have by then, but I am positve it will be much higher then now.
That is, if the project succeeds offcourse.
legendary
Activity: 1456
Merit: 1002
I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.

Yes you are right. We also need to count how much is the inflation on that years and the price of bitcoin for the next 20 years and you predict it.
i doubt that there will be any inflation in bitcoin price, in my opinion the price of the bitcoin is only going to grow so i think you will need something like 100 bitcoins and that would be enough

The inflation will be lower then the fiat form eventually if the rate just keeps going up..

But the day the rate flux down - then thats when you`ll be having problems of the inflation and to be comparable to the dollar if thats the end goal here then it would have to be lower or match 1%.
sr. member
Activity: 462
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.

Yes you are right. We also need to count how much is the inflation on that years and the price of bitcoin for the next 20 years and you predict it.
i doubt that there will be any inflation in bitcoin price, in my opinion the price of the bitcoin is only going to grow so i think you will need something like 100 bitcoins and that would be enough
hero member
Activity: 1190
Merit: 534
Considering the overall market condition after 20 years from now will be like, we will have all mined coins in circulation (except those which are lost). I am sure that there will be prominent role of crypto currencies in digital economy, and since bitcoins will become rare and rare day by day (whatever reasons like loss of coins etc) it will be create higher demand which will lead to higher price.  You should accumulate coins keeping in mind your lifestyle, your future plans, inflation growth rate, assumptions of demands of that situation etc. Only you can determine mostly accurate amount based on audit of all these things
Pages:
Jump to: