How many bitcoins do I need to retire in 20 years? - page 30.

anthonydar

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Quote from: ronaldo40 on July 04, 2016, 02:52:01 AM

Quote from: rababo on July 02, 2016, 03:14:54 PM

My advice is get bitcoin as much as you can. You never know what bitcoin will be worth in 20 years or so.
So, it's best to get as much as you can get and just hold for now, don't spend it until you're going to retire.

you should have a target to be the benchmark. because if you're just trying to get bitcoin as much as possible, it could be the result does not correspond to retire in the next 20 years. but if it has a target like 100 bitcoin. you can calculate, how much should you get each day, month or year

The bitcoin price could be around $100,00 to 500.000 in about 20 years. So you need a round 50 to 10 bitcoins.

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Quote from: rababo on July 02, 2016, 03:14:54 PM

My advice is get bitcoin as much as you can. You never know what bitcoin will be worth in 20 years or so.
So, it's best to get as much as you can get and just hold for now, don't spend it until you're going to retire.

you should have a target to be the benchmark. because if you're just trying to get bitcoin as much as possible, it could be the result does not correspond to retire in the next 20 years. but if it has a target like 100 bitcoin. you can calculate, how much should you get each day, month or year

nururochac

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Quote from: JumperX on July 02, 2016, 03:49:48 PM

Quote from: rababo on July 02, 2016, 03:14:54 PM

My advice is get bitcoin as much as you can. You never know what bitcoin will be worth in 20 years or so.
So, it's best to get as much as you can get and just hold for now, don't spend it until you're going to retire.

Its not good to hold our coins for next 20 years, if you want to earn profits from it then buying and selling should be done on regular basis, higher price will give you profits and lower price will give buying opportunity.

There are two-side of a coin. So why not try it and hold 1 bitcoin for a year, it doesn't make you regret for just holding $600 if the chance of getting a higher value is so high than making it a dead coin. I think after 20 years, price of bitcoin will be a 5-digit number so if you choose to hold then you'll be happy to get that high value.

bitlancr

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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 that is going to depend on what the price is going to be in the future so at the moment it is not save to say what is going to be enough for the future.
You will have allot of time to earn Bitcoin in 20 years so you should get enough of them.

rhed718

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Quote from: Hatuferu on July 03, 2016, 10:34:34 PM

Quote from: grim007 on July 03, 2016, 09:23:13 PM

30btc is enough. because btc price after 20yrs will boom. hhaha

You can never tell because all we can do is to speculate, if you believe it will happen, you are free to invest and even put your life savings on bitcoins.

Thats true no one knows how long the life of bitcoin or even it will last forever and also the price will be unpredictable but i think if the price would be stable in 20years your 30btc is not enough to make your life happy.

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Quote from: grim007 on July 03, 2016, 09:23:13 PM

30btc is enough. because btc price after 20yrs will boom. hhaha

You can never tell because all we can do is to speculate, if you believe it will happen, you are free to invest and even put your life savings on bitcoins.

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30btc is enough. because btc price after 20yrs will boom. hhaha

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Quote from: blackmachinegun on July 03, 2016, 07:03:07 PM

Quote from: anthonydar on June 30, 2016, 03:08:35 PM

Quote from: GamingBro on June 30, 2016, 08:26:37 AM

With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.

The price will be at least 1000 times more than current price in 20 years. So you need fewer than 100 coins.

WTF 10k bitcoin? I thought it was a crazy thing. collect bitcoin much? maybe now that has only 10k BTC satoshi Nakamoto
so do not talk too much. I think 100-500 BTC is enough
speak rational dude maybe it would be accepted by many people

1,000 times is like a dream or a fantasy that will never happen, in the future we can still see a good price but probably not that high. I know people just said that because we are too optimistic to make it happen to benefit on their investment.

blackmachinegun

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Quote from: anthonydar on June 30, 2016, 03:08:35 PM

Quote from: GamingBro on June 30, 2016, 08:26:37 AM

With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.

The price will be at least 1000 times more than current price in 20 years. So you need fewer than 100 coins.

WTF 10k bitcoin? I thought it was a crazy thing. collect bitcoin much? maybe now that has only 10k BTC satoshi Nakamoto
so do not talk too much. I think 100-500 BTC is enough
speak rational dude maybe it would be accepted by many people

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Quote from: rhed718 on July 03, 2016, 06:35:21 AM

Quote from: dinda22 on July 03, 2016, 04:10:26 AM

Quote from: Mvaporis1961 on July 01, 2016, 10:20:46 PM

For me 100 bitcoins is enough amount to have a mid class life when you retire. And it's better if you use at least 10 or 15 bitcoin from that 100 to be a capital to be able to start running your own business because business is one of the best way to continue making money and in business also you controlled your time and you are the boss Grin

.

yes 100 bitcoin is a realistic target. I was also not possible to get so many bitcoin as 1000. 100 bitcoin also is my target and the only hope of future price at least above $5000

I think 100 btc is a really good amount to hold for the future, even if price doesn't reaches to the moon you can expect good and luxury life with that amount of bitcoins.

Not possible for everyone to hold that high amount for future, as its too high and not everyone can afford to hold it, better to keep some realistic value in mind and start working on it.

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Quote from: rhed718 on July 03, 2016, 06:35:21 AM

Quote from: dinda22 on July 03, 2016, 04:10:26 AM

Quote from: Mvaporis1961 on July 01, 2016, 10:20:46 PM

For me 100 bitcoins is enough amount to have a mid class life when you retire. And it's better if you use at least 10 or 15 bitcoin from that 100 to be a capital to be able to start running your own business because business is one of the best way to continue making money and in business also you controlled your time and you are the boss Grin

.

yes 100 bitcoin is a realistic target. I was also not possible to get so many bitcoin as 1000. 100 bitcoin also is my target and the only hope of future price at least above $5000

I think 100 btc is a really good amount to hold for the future, even if price doesn't reaches to the moon you can expect good and luxury life with that amount of bitcoins.

If you are just living a very simple life, you will be having a hard time to spend that amount until your die, if you have that amount you can increase that by investing a real business out from the crypto world and that is the way to take care of your money.

rhed718

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Quote from: dinda22 on July 03, 2016, 04:10:26 AM

Quote from: Mvaporis1961 on July 01, 2016, 10:20:46 PM

For me 100 bitcoins is enough amount to have a mid class life when you retire. And it's better if you use at least 10 or 15 bitcoin from that 100 to be a capital to be able to start running your own business because business is one of the best way to continue making money and in business also you controlled your time and you are the boss Grin

.

yes 100 bitcoin is a realistic target. I was also not possible to get so many bitcoin as 1000. 100 bitcoin also is my target and the only hope of future price at least above $5000

I think 100 btc is a really good amount to hold for the future, even if price doesn't reaches to the moon you can expect good and luxury life with that amount of bitcoins.

DoublerHunter

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Quote from: dinda22 on July 03, 2016, 04:10:26 AM

Quote from: Mvaporis1961 on July 01, 2016, 10:20:46 PM

For me 100 bitcoins is enough amount to have a mid class life when you retire. And it's better if you use at least 10 or 15 bitcoin from that 100 to be a capital to be able to start running your own business because business is one of the best way to continue making money and in business also you controlled your time and you are the boss Grin

.

yes 100 bitcoin is a realistic target. I was also not possible to get so many bitcoin as 1000. 100 bitcoin also is my target and the only hope of future price at least above $5000

That's true 100 bitcoin should be enough for a retirement because if the price would reach $5000 i think it will pretty enough for you start a huge business and also buy the things that you like because if the in the future bitcoin will have a rate of $5k per bitcoin that 100 bitcoin will cost for $500,000 and that's very huge amount i can do all the things that i want with that amount Roll Eyes

.

dinda22

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Quote from: Mvaporis1961 on July 01, 2016, 10:20:46 PM

For me 100 bitcoins is enough amount to have a mid class life when you retire. And it's better if you use at least 10 or 15 bitcoin from that 100 to be a capital to be able to start running your own business because business is one of the best way to continue making money and in business also you controlled your time and you are the boss Grin

.

yes 100 bitcoin is a realistic target. I was also not possible to get so many bitcoin as 1000. 100 bitcoin also is my target and the only hope of future price at least above $5000

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Quote from: thecrimson16 on July 02, 2016, 05:31:50 PM

I would say 50 bitcoins! In 20 years it will be around 10k and 500 grand is enough to retire imo

That might be enough, but what if the OP demands a luxurious life and a lot of travel?
No amounts can satisfy human greeds. You need to collect as much as you can, because nothing is too much enough for anyone.

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Quote from: thecrimson16 on July 02, 2016, 05:31:50 PM

I would say 50 bitcoins! In 20 years it will be around 10k and 500 grand is enough to retire imo

in fact if you want to be rich or running a business, you need to set up 100 more BTC at the time. but it all depends on the price of bitcoin, maybe if the price of bitcoin to $ 1000, maybe you need more than 100 BTC, however, is currently very difficult to hold bitcoin, so I suggested to create a business that can generate a lot of bitcoin and can make you collect bitcoin at this time, so by the time the next 20 years, you might have 100 or more BTC.

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Quote from: toy4lov3rs on July 02, 2016, 06:00:59 PM

Quote from: ajun96 on July 02, 2016, 05:57:22 PM

Quote from: GamingBro on June 30, 2016, 08:26:37 AM

With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.

Lol even if you live in a country that requires a high cost of living though. 10k bitcoin will be difficult to get dude
bitcoin prices maybe in 20 years will worth about $1000-$2000. so whatever your country seems 100-1000 BTC enough to pay for your life and live comfortably

100 btc is more then enough to majority of us, and even if I am holding 50 btc then I would be much more satisfied as cost of living is not too high in my country, I can live luxury life with 50 btc.

Even me, I would already feel blessed to have that amount and I believe it would be possible for me to hit that amount as long as I will not stop saving and investing with bitcoins, time will tell and I wanna ride with the success as bitcoins grow.

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Quote from: ajun96 on July 02, 2016, 05:57:22 PM

Quote from: GamingBro on June 30, 2016, 08:26:37 AM

With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.

Lol even if you live in a country that requires a high cost of living though. 10k bitcoin will be difficult to get dude
bitcoin prices maybe in 20 years will worth about $1000-$2000. so whatever your country seems 100-1000 BTC enough to pay for your life and live comfortably

100 btc is more then enough to majority of us, and even if I am holding 50 btc then I would be much more satisfied as cost of living is not too high in my country, I can live luxury life with 50 btc.

ajun96

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Quote from: GamingBro on June 30, 2016, 08:26:37 AM

With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.

Lol even if you live in a country that requires a high cost of living though. 10k bitcoin will be difficult to get dude
bitcoin prices maybe in 20 years will worth about $1000-$2000. so whatever your country seems 100-1000 BTC enough to pay for your life and live comfortably

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Quote from: rababo on July 02, 2016, 03:14:54 PM

My advice is get bitcoin as much as you can. You never know what bitcoin will be worth in 20 years or so.
So, it's best to get as much as you can get and just hold for now, don't spend it until you're going to retire.

well it is always best to get as much bitcoins as possible in my opinion because in this way you can be much more richer in my opinion, i think it is really easily to buy some bitcoins now

in my opinion you would need something like 50 bitcoins, you will surely be able to retire then i think, you need a lot of fiat in order to be able to retire and 50 bitcoins might be enough by that time

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