Nobody can give a straight answer to this question it really depends on how much bitcoin will be worth if it will be worth anything in that much time.
But I'd just get as much as possible if you want to be on the save side of course.
Topic: How many bitcoins do I need to retire in 20 years? - page 3. (Read 320309 times)
i would say 500 Bitcoins would be enaugh
I think its good to be on safer side and try to have higher volume of coins so even if price doesn't reaches to the moon in future higher amount of coins will give us best benefits in future.
Actually the amount of bitcoins someone would need for getting retired later on would probably depend on the price of bitcoin of that time, if he has 50 bitcoin and the price is $10k it might be enough, or if he has 25 bitcoins and the price is $20k then it would also be enough as the value would be the same according to the price.
In 5 to 10 years, the bitcoin price will be around $10 to 50k. So you need about 100 bitcoin to live happily.
I think its good to be on safer side and try to have higher volume of coins so even if price doesn't reaches to the moon in future higher amount of coins will give us best benefits in future.
Actually the amount of bitcoins someone would need for getting retired later on would probably depend on the price of bitcoin of that time, if he has 50 bitcoin and the price is $10k it might be enough, or if he has 25 bitcoins and the price is $20k then it would also be enough as the value would be the same according to the price.
To be safe, get two Bitcoins.
I think 2 BTC won't be enough. Let's say 10 BTC to be so sure.
Since we are talking about here is the retirement and I know what you mean is you are going to rely all your needs on bitcoin that why it would be better if you would going to buy 10 BTC and holds it for your retirement. You're lucky if the price of the bitcoin when that time comes would be about $1,000,000 per BTC, I'm sure 10 BTC is too much for you to spend it alone.
To be safe, get two Bitcoins.
I think 2 BTC won't be enough. Let's say 10 BTC to be so sure.
Since we are talking about here is the retirement and I know what you mean is you are going to rely all your needs on bitcoin that why it would be better if you would going to buy 10 BTC and holds it for your retirement. You're lucky if the price of the bitcoin when that time comes would be about $1,000,000 per BTC, I'm sure 10 BTC is too much for you to spend it alone.
Here in my country even 50 bitcoins is enough for me because i will be millionaire if i had that amount of bitcoin even right now..
For now i still collecting bitcoin and trying to save more and someday i will start my own business that can increase my bitcoin more to reach my goal..
For now i still collecting bitcoin and trying to save more and someday i will start my own business that can increase my bitcoin more to reach my goal..
I would say 20 because it goes good with the number 20 years, but of course you are going to need to have a lot of money saved in other stuff too just in case.
Also make it 21, because the 21 million bitcoins ever to be created thing, so it's nice to own at least 21, since you are part of a select club.
Also make it 21, because the 21 million bitcoins ever to be created thing, so it's nice to own at least 21, since you are part of a select club.
I think its good to be on safer side and try to have higher volume of coins so even if price doesn't reaches to the moon in future higher amount of coins will give us best benefits in future.
For now we are expecting more about bitcoin and we feel that bitcoin will increase more because we are still in early stage and i think we can be still make a good profit if we holding lots of bitcoin.. just like older users of bitcoin that already be a millionaire because of bitcoin.. So in the future 20 years i think the price of bitcoin will be increase more in that year.
I think its good to be on safer side and try to have higher volume of coins so even if price doesn't reaches to the moon in future higher amount of coins will give us best benefits in future.
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?
It actually depends on how much Bitcoin you want to retire with because not everybody is going to retire with the same amount of Bitcoin. Some people want more Bitcoin and some people are already happy with a couple of them it depends on the person and what the value is.
If there are more than 10 million people retire with the same amount of bitcoin, you only need 2 bitcoin.
Well you don't know what is going to be the value of bitcoin after 20 years. And I don't think that is going to secure your retirement.
Because for me 2 bitcoins is going to be small amount for retirement it is better if you are going to make it 100 bitcoins so that whatever is going to be the price.
Then you are going to be covered by your savings.
It depends on the price of the bitcoin, if the bitcoin price rise 40% a year, in 20 years, the price will be $600,000 each.
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?
It actually depends on how much Bitcoin you want to retire with because not everybody is going to retire with the same amount of Bitcoin. Some people want more Bitcoin and some people are already happy with a couple of them it depends on the person and what the value is.
If there are more than 10 million people retire with the same amount of bitcoin, you only need 2 bitcoin.
Well you don't know what is going to be the value of bitcoin after 20 years. And I don't think that is going to secure your retirement.
Because for me 2 bitcoins is going to be small amount for retirement it is better if you are going to make it 100 bitcoins so that whatever is going to be the price.
Then you are going to be covered by your savings.
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?
It actually depends on how much Bitcoin you want to retire with because not everybody is going to retire with the same amount of Bitcoin. Some people want more Bitcoin and some people are already happy with a couple of them it depends on the person and what the value is.
If there are more than 10 million people retire with the same amount of bitcoin, you only need 2 bitcoin.
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?
It actually depends on how much Bitcoin you want to retire with because not everybody is going to retire with the same amount of Bitcoin. Some people want more Bitcoin and some people are already happy with a couple of them it depends on the person and what the value is.
It depends on the standard of living that you consider satisfactory, and the country where you will live, since the cost of living is an important factor. But I believe that anywhere, 100 BTCs would be enough in twenty years.
Indeed. It also depends on the country you want to retire and live and spend your retirement fund. I would suggest to live here in our country since cost of living here is cheaper just like countries in Asia. I would make more bitcoin as far and as long as I can because I do not know what its price is for the next 20 years.
If you want to retire in a country with cheap living cost, it is possible to have 100 bitcoins in a few decades.
100 bitcoin can be worth it if your smart enough to manage financial and open a business with a capital of 100 bitcoin.
If you have 100 bitcoin, you may use the bitcoin as a collateral to borrow to spend. The bitcoin will worth more than any other investments.
It depends on the standard of living that you consider satisfactory, and the country where you will live, since the cost of living is an important factor. But I believe that anywhere, 100 BTCs would be enough in twenty years.
Indeed. It also depends on the country you want to retire and live and spend your retirement fund. I would suggest to live here in our country since cost of living here is cheaper just like countries in Asia. I would make more bitcoin as far and as long as I can because I do not know what its price is for the next 20 years.
If you want to retire in a country with cheap living cost, it is possible to have 100 bitcoins in a few decades.
100 bitcoin can be worth it if your smart enough to manage financial and open a business with a capital of 100 bitcoin.
Just get your money, retire, and keep trading and investing.
This never stop! You cant stop!
This never stop! You cant stop!
It depends on the standard of living that you consider satisfactory, and the country where you will live, since the cost of living is an important factor. But I believe that anywhere, 100 BTCs would be enough in twenty years.
Indeed. It also depends on the country you want to retire and live and spend your retirement fund. I would suggest to live here in our country since cost of living here is cheaper just like countries in Asia. I would make more bitcoin as far and as long as I can because I do not know what its price is for the next 20 years.
If you want to retire in a country with cheap living cost, it is possible to have 100 bitcoins in a few decades.
It depends on the standard of living that you consider satisfactory, and the country where you will live, since the cost of living is an important factor. But I believe that anywhere, 100 BTCs would be enough in twenty years.
Indeed. It also depends on the country you want to retire and live and spend your retirement fund. I would suggest to live here in our country since cost of living here is cheaper just like countries in Asia. I would make more bitcoin as far and as long as I can because I do not know what its price is for the next 20 years.
If you want to retire in a country with cheap living cost, it is possible to have 100 bitcoins in a few decades.
Amout is based on country you live
It may be that 1000 wont be enough and soe where 10 is enough
10 BTC is impossible to be enough to live off even half a life. Remember, you need to have food, water, supplies, necessary things like toothpaste, toilet paper etc, electronics, you have to pay your rent/facilities and many others. With $6k you can basically do nothing, you can spend them off in maximum two months. Or you can go and live like a homeless, but that won't help you with anything because it's not the style of living you really want.
It depends on the standard of living that you consider satisfactory, and the country where you will live, since the cost of living is an important factor. But I believe that anywhere, 100 BTCs would be enough in twenty years.
Indeed. It also depends on the country you want to retire and live and spend your retirement fund. I would suggest to live here in our country since cost of living here is cheaper just like countries in Asia. I would make more bitcoin as far and as long as I can because I do not know what its price is for the next 20 years.
If you want to retire in a country with cheap living cost, it is possible to have 100 bitcoins in a few decades.
It is possible as a example you can pick Thailand, its pretty cheap and if you have some nice amount of bitcoins this can be an option.
I think there is a good chance of having success with this.
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