How many bitcoins do I need to retire in 20 years? - page 33.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: MaritiJames3 on June 29, 2016, 04:31:53 AM

To be honest it is all going to depend on the price of the Bitcoin at that time and it is impossible to predict the price of the Bitcoin over 20 years.
That is the thing with Bitcoin we are waiting for the future but we do not even know if the waiting is going to pay off.

I agree, it all depends on the Bitcoin price when you decided to retire. If you happen to have 400 BTC today, I can say you can retire tomorrow because of it's price now. And visualizinig that after 20 year you have 1000 BTC but BTC price is somewhere less than 1 USD, I don't think you can retire yet Cheesy

. So yeah it is base on the amount of Bitcoin and your holdings wether it is wht you need to retire in 20 years.

MaritiJames3

sr. member

Activity: 448

Merit: 250

To be honest it is all going to depend on the price of the Bitcoin at that time and it is impossible to predict the price of the Bitcoin over 20 years.
That is the thing with Bitcoin we are waiting for the future but we do not even know if the waiting is going to pay off.

daringdiscovered

hero member

Activity: 700

Merit: 500

Quote from: naidray on June 29, 2016, 02:36:45 AM

Quote from: Galiatram on June 28, 2016, 02:50:14 AM

if you want to retire in 20 years you need allot of bitcoins if the bitcoin value will still be the same as now off course.
|Otherwise the price of the bitcoin needs to be that high that you only need a couple of them but we should never know what the price will be

I think that depends of the country he lives and the style of his living. In my country a person can live with one bitcoin for a month easily and after retirement as the expenses decreases may be that turns to six months with one bitcoin.

I think even if he/she lives in a third-world country it would still depend on his/her lifestyle. One or more bitcoin would not be enough if he/she has many things to pay. And also it will depend how much will be the value of bitcoin when he/she retires as we all know the value of bitcoin is very volatile and no one knows if it will rise very much or not.

naidray

legendary

Activity: 1232

Merit: 1029

Quote from: Galiatram on June 28, 2016, 02:50:14 AM

if you want to retire in 20 years you need allot of bitcoins if the bitcoin value will still be the same as now off course.
|Otherwise the price of the bitcoin needs to be that high that you only need a couple of them but we should never know what the price will be

I think that depends of the country he lives and the style of his living. In my country a person can live with one bitcoin for a month easily and after retirement as the expenses decreases may be that turns to six months with one bitcoin.

Hatuferu

legendary

Activity: 1092

Merit: 1000

https://trueflip.io/

Quote from: STT on June 29, 2016, 12:37:42 AM

Quote from: PemburuReceh on June 28, 2016, 05:10:09 PM

Assuming Bitcoin becomes really successful, anywhere from 250+ bitcoins to 2000+ bitcoins

2000 bitcoins per person is silly. For certain this cannot be the answer so long as the total is 21 million .

This allows for 10,500 people to be using bitcoin. This is your grand vision of bitcoin being successful in twenty years time? Thats less people then now so what you imply is the price will be at least half what it is now.
300 dollars per coin x 2000 is about 600,000. Sounds alot but if you intend to retire and live twenty years, thats poor. If only 10,000 people use bitcoin, the idea failed and probably so did the price as little business actually occurs between those people.
If we imagine 1 billion use bitcoin in twenty years, then its amazing. You really only need to own a few just so long as bitcoin takes off and the price will be high as its used so much

2,000 bitcoins is enough for me, but hey! that is not gonna happen or I will be freakin rich man, I would be happen even at 100 BTC and I can guarantee that I can already live a comfortable life with the amount of BTC.

STT

legendary

Activity: 4088

Merit: 1452

Quote from: PemburuReceh on June 28, 2016, 05:10:09 PM

Assuming Bitcoin becomes really successful, anywhere from 250+ bitcoins to 2000+ bitcoins

2000 bitcoins per person is silly. For certain this cannot be the answer so long as the total is 21 million .

This allows for 10,500 people to be using bitcoin. This is your grand vision of bitcoin being successful in twenty years time? Thats less people then now so what you imply is the price will be at least half what it is now.
300 dollars per coin x 2000 is about 600,000. Sounds alot but if you intend to retire and live twenty years, thats poor. If only 10,000 people use bitcoin, the idea failed and probably so did the price as little business actually occurs between those people.
If we imagine 1 billion use bitcoin in twenty years, then its amazing. You really only need to own a few just so long as bitcoin takes off and the price will be high as its used so much

Hatuferu

legendary

Activity: 1092

Merit: 1000

https://trueflip.io/

Quote from: jossiel on June 29, 2016, 12:20:14 AM

Quote from: etparle on June 28, 2016, 05:19:03 PM

Quote from: PemburuReceh on June 28, 2016, 05:10:09 PM

Assuming Bitcoin becomes really successful, anywhere from 250+ bitcoins to 2000+ bitcoins

The real question is if it'll even be around 25 years from now or if something new will take it's place and usurp the throne.

If the price of bitcoin is going to be stable at $1,000 for 20 years. I would say thousands of bitcoin is still enough.
Because we all know that bitcoin is always unstable and have changes daily.

That is very conservative, $1,000 in 20 years? I thought you would say like $10,000 is more realistic, remember that every year bitcoin is becoming more popular and that result would always be improvement.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: etparle on June 28, 2016, 05:19:03 PM

Quote from: PemburuReceh on June 28, 2016, 05:10:09 PM

Assuming Bitcoin becomes really successful, anywhere from 250+ bitcoins to 2000+ bitcoins

The real question is if it'll even be around 25 years from now or if something new will take it's place and usurp the throne.

If the price of bitcoin is going to be stable at $1,000 for 20 years. I would say thousands of bitcoin is still enough.
Because we all know that bitcoin is always unstable and have changes daily.

Altynbekova

sr. member

Activity: 476

Merit: 250

Quote from: Zooplus on June 27, 2016, 08:13:26 AM

Quote from: freebitcoins4u on June 27, 2016, 01:34:14 AM

Quote from: durrrr on April 28, 2014, 12:28:24 PM

Quote from: Tron on April 28, 2014, 12:17:29 PM

To be safe, get two Bitcoins.

lol i agree with this. in 20 years 2 bitcoin may be worth 2,000,000$ and to me a 2m retirement fund would last if you plan on retiring at 60 and living untill 75 or whatever. specially if you have another income coming in still from ssi or whatever it may be

safe side get 5

if it will peak to 2,000,000$ i`m fine with onl 0.5 btc

Not gonna happen, that is too unrealistic and you must be dreaming, if that price will be reach then I will be having a problem then, a problem how to spend my money because I have already invested 10BTC as of today.

Indeed its simply just not possible, you have to keep dreaming but do not let your dream take over your mind.
Its also that its even the question if it ever will go higher than 1500 dollar...

etparle

full member

Activity: 238

Merit: 100

I love NACHOS

Quote from: PemburuReceh on June 28, 2016, 05:10:09 PM

Assuming Bitcoin becomes really successful, anywhere from 250+ bitcoins to 2000+ bitcoins

The real question is if it'll even be around 25 years from now or if something new will take it's place and usurp the throne.

PemburuReceh

member

Activity: 70

Merit: 10

Assuming Bitcoin becomes really successful, anywhere from 250+ bitcoins to 2000+ bitcoins

torrentheaven

hero member

Activity: 952

Merit: 1000

Quote from: Dux2K on June 28, 2016, 03:41:27 PM

Quote from: Apened on June 28, 2016, 09:17:30 AM

Quote from: Galiatram on June 28, 2016, 02:50:14 AM

if you want to retire in 20 years you need allot of bitcoins if the bitcoin value will still be the same as now off course.
|Otherwise the price of the bitcoin needs to be that high that you only need a couple of them but we should never know what the price will be

In 20 years, the price of bitcoin could be $250,000 each, so you need 20 bitcoin to have a very good life.

If this would be price i will be hapy with 5

Lol how can you say that price will be that high after 20 years, as we still don't know what is the life of bitcoin and how long it will survive, so its a waste of time thinking that long.

Dux2K

legendary

Activity: 1022

Merit: 1000

Blocklancer - Freelance on the Blockchain

Quote from: Apened on June 28, 2016, 09:17:30 AM

Quote from: Galiatram on June 28, 2016, 02:50:14 AM

if you want to retire in 20 years you need allot of bitcoins if the bitcoin value will still be the same as now off course.
|Otherwise the price of the bitcoin needs to be that high that you only need a couple of them but we should never know what the price will be

In 20 years, the price of bitcoin could be $250,000 each, so you need 20 bitcoin to have a very good life.

If this would be price i will be hapy with 5

Apened

hero member

Activity: 1386

Merit: 504

Quote from: Galiatram on June 28, 2016, 02:50:14 AM

if you want to retire in 20 years you need allot of bitcoins if the bitcoin value will still be the same as now off course.
|Otherwise the price of the bitcoin needs to be that high that you only need a couple of them but we should never know what the price will be

In 20 years, the price of bitcoin could be $250,000 each, so you need 20 bitcoin to have a very good life.

Galiatram

sr. member

Activity: 350

Merit: 250

if you want to retire in 20 years you need allot of bitcoins if the bitcoin value will still be the same as now off course.
|Otherwise the price of the bitcoin needs to be that high that you only need a couple of them but we should never know what the price will be

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: Piltover on June 27, 2016, 08:20:22 PM

Quote from: Zooplus on June 27, 2016, 08:13:26 AM

Quote from: freebitcoins4u on June 27, 2016, 01:34:14 AM

Quote from: durrrr on April 28, 2014, 12:28:24 PM

Quote from: Tron on April 28, 2014, 12:17:29 PM

To be safe, get two Bitcoins.

lol i agree with this. in 20 years 2 bitcoin may be worth 2,000,000$ and to me a 2m retirement fund would last if you plan on retiring at 60 and living untill 75 or whatever. specially if you have another income coming in still from ssi or whatever it may be

safe side get 5

if it will peak to 2,000,000$ i`m fine with onl 0.5 btc

Not gonna happen, that is too unrealistic and you must be dreaming, if that price will be reach then I will be having a problem then, a problem how to spend my money because I have already invested 10BTC as of today.

I also think that its a dream if you are thinking this is gonna happen, its just so unrealistic it can just not happen.
The worth of the bitcoin has to be than so high!!

I think he was just joking with his statement or probably he is new to the community, it's good that we were able to correct him with the right information before he will plan to formally invest with bitcoins.

Piltover

sr. member

Activity: 364

Merit: 250

Quote from: Zooplus on June 27, 2016, 08:13:26 AM

Quote from: freebitcoins4u on June 27, 2016, 01:34:14 AM

Quote from: durrrr on April 28, 2014, 12:28:24 PM

Quote from: Tron on April 28, 2014, 12:17:29 PM

To be safe, get two Bitcoins.

lol i agree with this. in 20 years 2 bitcoin may be worth 2,000,000$ and to me a 2m retirement fund would last if you plan on retiring at 60 and living untill 75 or whatever. specially if you have another income coming in still from ssi or whatever it may be

safe side get 5

if it will peak to 2,000,000$ i`m fine with onl 0.5 btc

Not gonna happen, that is too unrealistic and you must be dreaming, if that price will be reach then I will be having a problem then, a problem how to spend my money because I have already invested 10BTC as of today.

I also think that its a dream if you are thinking this is gonna happen, its just so unrealistic it can just not happen.
The worth of the bitcoin has to be than so high!!

groll

sr. member

Activity: 336

Merit: 250

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?

Your idea is very risky. As of now it is not predictable that bitcoin will last up to 20 years since the bitcoin supply is constantly diminishing. But if you are going to do it 1 to 5 bitcoins will do, if it will increase you will be a millionaire after 20 years but if bitcoin is gone then you dont need to worry since you dont have much to lose. But the key to success is to monitor always the fluctuations in bitcoin price to be safe.

Piltover

sr. member

Activity: 364

Merit: 250

Quote from: diodio5 on June 27, 2016, 06:37:02 PM

Quote from: neonshium on June 26, 2016, 01:44:29 AM

Quote from: useless4 on June 23, 2016, 06:38:24 PM

Quote from: gentlemand on June 23, 2016, 06:25:07 PM

Quote from: blackmachinegun on June 23, 2016, 04:05:24 PM

I think if you're young aged between 20-25 years. you can collect more than 500 BTC or maybe 1000 BTC You can collect it within a period of 20 years. then you can retire young and live comfortably at the age of 40 years

If you have right now $300-600,000 of cash available to throw at Bitcoin then I think it's a given that you've already got your retirement sewn up.

what? 300 dollars for the retirement? i doubt that it is the sum of money that would be enough

i think you would need something like 200 bitcoins because the price of the bitcoin is definitely going to grow

I think 200 bitcoins would be enough as long as you have investment all the way, if you would settle on that amount, and due to inflation, we can not estimate how many bitcoins needed in future even bitcoin will have huge values. So, adding some more bitcoins would be safer.

I think you have to know the exact amount of money for the cost of living comfortably in your country 20 years later you have to predict the price of bitcoin will happen 20 years from now then compare it. so you'll find out how bitcoin should you collect? I think 200 bitcoin is enough

You are right but I think that its honestly not possible to predict how many bitcoins you need to really retire with all this kind of things that are going on.

diodio5

hero member

Activity: 490

Merit: 500

Quote from: neonshium on June 26, 2016, 01:44:29 AM

Quote from: useless4 on June 23, 2016, 06:38:24 PM

Quote from: gentlemand on June 23, 2016, 06:25:07 PM

Quote from: blackmachinegun on June 23, 2016, 04:05:24 PM

I think if you're young aged between 20-25 years. you can collect more than 500 BTC or maybe 1000 BTC You can collect it within a period of 20 years. then you can retire young and live comfortably at the age of 40 years

If you have right now $300-600,000 of cash available to throw at Bitcoin then I think it's a given that you've already got your retirement sewn up.

what? 300 dollars for the retirement? i doubt that it is the sum of money that would be enough

i think you would need something like 200 bitcoins because the price of the bitcoin is definitely going to grow

I think 200 bitcoins would be enough as long as you have investment all the way, if you would settle on that amount, and due to inflation, we can not estimate how many bitcoins needed in future even bitcoin will have huge values. So, adding some more bitcoins would be safer.

I think you have to know the exact amount of money for the cost of living comfortably in your country 20 years later you have to predict the price of bitcoin will happen 20 years from now then compare it. so you'll find out how bitcoin should you collect? I think 200 bitcoin is enough

Topic: How many bitcoins do I need to retire in 20 years? - page 33. (Read 320352 times)