How many bitcoins do I need to retire in 20 years? - page 27.

nururochac

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Quote from: sirohige on July 11, 2016, 03:36:47 AM

Quote from: hermanhs09 on July 09, 2016, 10:17:25 AM

I would hope that bitcoin will skyrocket in 20 years,and im really thinking that it is going to happen.
I think you need about 10 bitcoin to really be rich in 20 years,you will have very good retirement Wink

i think 10bitcoin is still small amount, to be comfortable in retirement day in 20years we need arround 100bitcoin. so we can use 5btc for paying any cost each year...

I agree, even if you are living in 3rd world country 10 bitcoin is still not enough for 20 years of living there. The value of every material is inflating that's why you need more than that to adopt with the inflation that's happening.

23dzmaz

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Quote from: Blackmet on July 11, 2016, 09:42:12 AM

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.

avw1982

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Quote from: Blackmet on July 11, 2016, 09:42:12 AM

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.

AlphaSun

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Quote from: Blackmet on July 11, 2016, 09:42:12 AM

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.

We are speculating the bitcoin price in 20 years. If the bitcoin survive 20 years, its price will be high and stable.

Blackmet

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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.

escrowboy

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Quote from: alplaxxx on July 11, 2016, 06:35:32 AM

I think you need to save more than you're age after 20 yrs. let's say you are 35yrs. old now plus 20 yrs. and you are 55yrs. now in that age you are retired, so if you think can you spend 1bitcoin per month, x12months x the years you can leave, after you retire, let's say +40yrs. you are now 95yrs. old enjoying you're bitcoin, I think in the furture the price of the bitcoin is more than $1000 per bitcoin.

Still totally depend on bitcoin's fluctuating price. If after 20 years the price of bitcoin is not still stable and always on a volatile state. Then you still need more than that in case of a big change in bitcoins value.

alplaxxx

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I think you need to save more than you're age after 20 yrs. let's say you are 35yrs. old now plus 20 yrs. and you are 55yrs. now in that age you are retired, so if you think can you spend 1bitcoin per month, x12months x the years you can leave, after you retire, let's say +40yrs. you are now 95yrs. old enjoying you're bitcoin, I think in the furture the price of the bitcoin is more than $1000 per bitcoin.

sirohige

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Quote from: hermanhs09 on July 09, 2016, 10:17:25 AM

I would hope that bitcoin will skyrocket in 20 years,and im really thinking that it is going to happen.
I think you need about 10 bitcoin to really be rich in 20 years,you will have very good retirement Wink

i think 10bitcoin is still small amount, to be comfortable in retirement day in 20years we need arround 100bitcoin. so we can use 5btc for paying any cost each year...

mirakal

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Quote from: Betwrong on July 11, 2016, 02:20:04 AM

Quote from: anthonydar on July 11, 2016, 01:49:10 AM

Quote from: hermanhs09 on July 09, 2016, 10:17:25 AM

I would hope that bitcoin will skyrocket in 20 years,and im really thinking that it is going to happen.
I think you need about 10 bitcoin to really be rich in 20 years,you will have very good retirement Wink

The bitcoin price will not skyrocket. It will rise between 50% to 200% a year in the next 30 years. So you need about 10 to 100 bitcoins.

I like optimistic predictions about Bitcoin and yours is also a realistic one so I like it even more. Indeed it is most likely that the rise rate will be between 50% to 200% a year. No skyrocketing, but enough to be called good.

50% above is a good rate in a year, you cannot get that rate investing in a bank. I know it could happen and has happen already but we can see more if we prefer to hold more.

Betwrong

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Quote from: anthonydar on July 11, 2016, 01:49:10 AM

Quote from: hermanhs09 on July 09, 2016, 10:17:25 AM

I would hope that bitcoin will skyrocket in 20 years,and im really thinking that it is going to happen.
I think you need about 10 bitcoin to really be rich in 20 years,you will have very good retirement Wink

The bitcoin price will not skyrocket. It will rise between 50% to 200% a year in the next 30 years. So you need about 10 to 100 bitcoins.

I like optimistic predictions about Bitcoin and yours is also a realistic one so I like it even more. Indeed it is most likely that the rise rate will be between 50% to 200% a year. No skyrocketing, but enough to be called good.

anthonydar

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Quote from: hermanhs09 on July 09, 2016, 10:17:25 AM

I would hope that bitcoin will skyrocket in 20 years,and im really thinking that it is going to happen.
I think you need about 10 bitcoin to really be rich in 20 years,you will have very good retirement Wink

The bitcoin price will not skyrocket. It will rise between 50% to 200% a year in the next 30 years. So you need about 10 to 100 bitcoins.

hermanhs09

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I would hope that bitcoin will skyrocket in 20 years,and im really thinking that it is going to happen.
I think you need about 10 bitcoin to really be rich in 20 years,you will have very good retirement Wink

AlphaSun

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Quote from: mirakal on July 09, 2016, 12:57:31 AM

Quote from: panju1 on July 08, 2016, 11:04:55 PM

Quote from: Latwindar on July 08, 2016, 03:45:37 AM

Quote from: alplaxxx on July 08, 2016, 02:40:30 AM

now I starting doing signature campaign, if it is last until 20yrs. I got my bitcoin for almost 50BTC in 20yrs. calculation for this 2.5btc per year doing signature campaign multiplying the year, 20 years you got 50BTC for retirement.

You might get 5 bitcoin each year now, the amount you will get will halve every year due to bitcoin price rise. You will get about 10 in total.

5 bitcoin every year from signature campaigns?
That is like 0.5 BTC every month!! Tough to get that much from signature campaigns.
At today's exchange rate, that is $300+/month.

Signature campaign is just for sideline so it means we cannot generate a huge amount like that, however if you have a good eye on investment, you can always use your earnings to maximize your profit.

I do not think you can get $100 from signature campaign per month. The payment is very low actually.

mirakal

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Quote from: panju1 on July 08, 2016, 11:04:55 PM

Quote from: Latwindar on July 08, 2016, 03:45:37 AM

Quote from: alplaxxx on July 08, 2016, 02:40:30 AM

now I starting doing signature campaign, if it is last until 20yrs. I got my bitcoin for almost 50BTC in 20yrs. calculation for this 2.5btc per year doing signature campaign multiplying the year, 20 years you got 50BTC for retirement.

You might get 5 bitcoin each year now, the amount you will get will halve every year due to bitcoin price rise. You will get about 10 in total.

5 bitcoin every year from signature campaigns?
That is like 0.5 BTC every month!! Tough to get that much from signature campaigns.
At today's exchange rate, that is $300+/month.

Signature campaign is just for sideline so it means we cannot generate a huge amount like that, however if you have a good eye on investment, you can always use your earnings to maximize your profit.

panju1

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Quote from: Latwindar on July 08, 2016, 03:45:37 AM

Quote from: alplaxxx on July 08, 2016, 02:40:30 AM

now I starting doing signature campaign, if it is last until 20yrs. I got my bitcoin for almost 50BTC in 20yrs. calculation for this 2.5btc per year doing signature campaign multiplying the year, 20 years you got 50BTC for retirement.

You might get 5 bitcoin each year now, the amount you will get will halve every year due to bitcoin price rise. You will get about 10 in total.

5 bitcoin every year from signature campaigns?
That is like 0.5 BTC every month!! Tough to get that much from signature campaigns.
At today's exchange rate, that is $300+/month.

jossiel

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Quote from: Latwindar on July 08, 2016, 03:45:37 AM

Quote from: alplaxxx on July 08, 2016, 02:40:30 AM

now I starting doing signature campaign, if it is last until 20yrs. I got my bitcoin for almost 50BTC in 20yrs. calculation for this 2.5btc per year doing signature campaign multiplying the year, 20 years you got 50BTC for retirement.

You might get 5 bitcoin each year now, the amount you will get will halve every year due to bitcoin price rise. You will get about 10 in total.

I think that's a good range of collecting bitcoin for 20 years , so in total you are able to get 100 bitcoins after 20 years.
And I would say that is already enough for your retirement in 20 years. And it is better if the price of bitcoin by that time is already $10,000

Latwindar

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Quote from: alplaxxx on July 08, 2016, 02:40:30 AM

now I starting doing signature campaign, if it is last until 20yrs. I got my bitcoin for almost 50BTC in 20yrs. calculation for this 2.5btc per year doing signature campaign multiplying the year, 20 years you got 50BTC for retirement.

You might get 5 bitcoin each year now, the amount you will get will halve every year due to bitcoin price rise. You will get about 10 in total.

alplaxxx

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now I starting doing signature campaign, if it is last until 20yrs. I got my bitcoin for almost 50BTC in 20yrs. calculation for this 2.5btc per year doing signature campaign multiplying the year, 20 years you got 50BTC for retirement.

Zooplus

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Quote from: Jmild1 on July 07, 2016, 11:14:52 PM

Quote from: ecommerce on July 07, 2016, 01:56:37 PM

Quote from: AlphaSun on July 07, 2016, 01:34:28 PM

Quote from: elyas772 on July 07, 2016, 10:17:25 AM

Quote from: stromma44 on July 06, 2016, 09:59:27 AM

I love luxury life, and for that I think I should at least hold 100 btc at the end of 20 years, because I don't want to compromise with my retirement life.

maybe you need more than 1000bitcoin Cheesy

for me 200bitcoin is enough for make my retirement day full of fun, i will use 10btc peryear.. hope i can reach it before retirement day..

In 20 years, the bitcoin price will be at least 1000 times higher than now. You just need 10 bitcoins to live happily.

Then in this case they do not need 1000 bitcoins.

Your saying that it will be $600k after 20 years. Man, that's quite high and impossible to happen because there's no assurance most people in the world will adopt bitcoin.

Just in our dream would the price will happen, we should be contented even the price will reach at least $10,000, just be realistic to device a good investment plan.

Jmild1

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Quote from: ecommerce on July 07, 2016, 01:56:37 PM

Quote from: AlphaSun on July 07, 2016, 01:34:28 PM

Quote from: elyas772 on July 07, 2016, 10:17:25 AM

Quote from: stromma44 on July 06, 2016, 09:59:27 AM

I love luxury life, and for that I think I should at least hold 100 btc at the end of 20 years, because I don't want to compromise with my retirement life.

maybe you need more than 1000bitcoin Cheesy

for me 200bitcoin is enough for make my retirement day full of fun, i will use 10btc peryear.. hope i can reach it before retirement day..

In 20 years, the bitcoin price will be at least 1000 times higher than now. You just need 10 bitcoins to live happily.

Then in this case they do not need 1000 bitcoins.

Your saying that it will be $600k after 20 years. Man, that's quite high and impossible to happen because there's no assurance most people in the world will adopt bitcoin.

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