Well, it's hard to predict how many bitcoins for retire on the next 20 years, because we also need to calculate the inflation in your country, maybe i need bitcoins around 50-200 bitcoins.
Right depends on the needs and expenses in your country. Maybe if you live in NY you might not be able to survive with 50 bitcoins for a long time. I think you should have this much bitcoin : expenses in a month ( in $ ) x 20 / 1000 , this much bitcoins.
Topic: How many bitcoins do I need to retire in 20 years? - page 39. (Read 320337 times)
Well, it's hard to predict how many bitcoins for retire on the next 20 years, because we also need to calculate the inflation in your country, maybe i need bitcoins around 50-200 bitcoins.
Right depends on the needs and expenses in your country. Maybe if you live in NY you might not be able to survive with 50 bitcoins for a long time. I think you should have this much bitcoin : expenses in a month ( in $ ) x 20 / 1000 , this much bitcoins. 
You would need a lot of bitcoins to do this and I even think its not possible because the future of the bitcoin is unpredictable.
As a example the price can collapse and than 100 btc is nothing anymore..
As a example the price can collapse and than 100 btc is nothing anymore..
100 btc is good amount to hold and if you really work hard on it then in future you can surely hold that amount, but the fact is we don't know what will be the price of bitcoin after 20 years.
You would need a lot of bitcoins to do this and I even think its not possible because the future of the bitcoin is unpredictable.
As a example the price can collapse and than 100 btc is nothing anymore..
As a example the price can collapse and than 100 btc is nothing anymore..
It depends on your level of living. Your living standard depends on your expenditures that incur per month, so you can calculate that how much will you need until you die, and then just multiply that amount with bitcoins based on its price, and you will get the real picture.
After few years bitcoin price maybe $5000 or already replaced by other currency.
even if the price of bitcoin is 5000$ still not enough to replace the other currencies we all know,if we accept bitcoin as a currency, bitcoin must have a fixed price.
$5000, i think he is not talking about 5000 BTC. But if he is telling that 5000 BTC, so it is too much biggest amount. i think no one have this amount of bitcoins in Bitcointalk.
For me reasonable bitcoin 1000 Bitcoin is enough but we are saving for 20 years, it is long time period, if we save now 100 Bitcoin in this time i m sure it is also enough amount for 20 years.
When i have this 1000btc after 20 years,im done. I can now do whatever i want ,
I can live my life to the fullest..
I can live my life to the fullest..
After few years bitcoin price maybe $5000 or already replaced by other currency.
even if the price of bitcoin is 5000$ still not enough to replace the other currencies we all know,if we accept bitcoin as a currency, bitcoin must have a fixed price.
1. Decide how much money you need to live comfortably: $1,000,000.
2. Divide by the current price: $600
3. You need about 2000 BTC.
2000 btc is a huge amount and everyone cannot afford to hold that high amount, and it also depends on in which country you are living in, its better to hold descent amount of coins.
After few years bitcoin price maybe $5000 or already replaced by other currency.
even if the price of bitcoin is 5000$ still not enough to replace the other currencies we all know,if we accept bitcoin as a currency, bitcoin must have a fixed price.
1. Decide how much money you need to live comfortably: $1,000,000.
2. Divide by the current price: $600
3. You need about 2000 BTC.
Well, it's hard to predict how many bitcoins for retire on the next 20 years, because we also need to calculate the inflation in your country, maybe i need bitcoins around 50-200 bitcoins.
It also depends on what will be the price of bitcoin after 20 years, if price goes lower then we need to hold huge number of coins, and if price goes in millions then even 10 btc can take care off.
Well, it's hard to predict how many bitcoins for retire on the next 20 years, because we also need to calculate the inflation in your country, maybe i need bitcoins around 50-200 bitcoins.
Such a difficult question because we do not even now it will be here in 20 years however much i would like it to be Undecided (it will be here) Grin
I would go with a guess of around 300 - 500 btc at 1000+ being the bottom if it is still here i think that will be a nice retirement if yo already have home paid for etc
I will be happy with a few hundred and some gold and or silver.
I would go with a guess of around 300 - 500 btc at 1000+ being the bottom if it is still here i think that will be a nice retirement if yo already have home paid for etc
I will be happy with a few hundred and some gold and or silver.
If the price keeps rising the same way it is now for the next 20 years then even 1 bitcoin would do you through retirement. That won't be the case obviously but it's nice to dream.
Such a difficult question because we do not even now it will be here in 20 years however much i would like it to be Undecided (it will be here) Grin
I would go with a guess of around 300 - 500 btc at 1000+ being the bottom if it is still here i think that will be a nice retirement if yo already have home paid for etc
I will be happy with a few hundred and some gold and or silver.
I would go with a guess of around 300 - 500 btc at 1000+ being the bottom if it is still here i think that will be a nice retirement if yo already have home paid for etc
I will be happy with a few hundred and some gold and or silver.
No one know some will want to have just one others 1001
Most will be good with 100 in 20 years price might be high enough for all
Most will be good with 100 in 20 years price might be high enough for all
Yeah definitely our life style is an important factor on deciding the retirement amount then only we can decide how much We need for retirement. But here the actual prediction would be the price of bitcoin approximately on your retirement age. If you have more than enough bitcoins on your retirement you can lead a lavish lifestyle as a multi millionaire
For most people, if you want to retire in 30 years, 1 to 10 bitcoin is more than enough to live happily.
No one know some will want to have just one others 1001
Most will be good with 100 in 20 years price might be high enough for all
Most will be good with 100 in 20 years price might be high enough for all
Yeah definitely our life style is an important factor on deciding the retirement amount then only we can decide how much We need for retirement. But here the actual prediction would be the price of bitcoin approximately on your retirement age. If you have more than enough bitcoins on your retirement you can lead a lavish lifestyle as a multi millionaire
For most people, if you want to retire in 30 years, 1 to 10 bitcoin is more than enough to live happily.
No one know some will want to have just one others 1001
Most will be good with 100 in 20 years price might be high enough for all
Most will be good with 100 in 20 years price might be high enough for all
Yeah definitely our life style is an important factor on deciding the retirement amount then only we can decide how much We need for retirement. But here the actual prediction would be the price of bitcoin approximately on your retirement age. If you have more than enough bitcoins on your retirement you can lead a lavish lifestyle as a multi millionaire
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?
You now that it all depends on the price but I think that you will be save if you have somewhere around 100 Bitcoins. That will be enough to live nice and relaxed in the future. yes you are right no one know that what will be the price of bitcoin in the next 20 years, but if people continued to support bitcoin and continued to adopt it for their transactions and businesses then I think it will have a great value at that time and he will live a good life with that.
After few years bitcoin price maybe $5000 or already replaced by other currency.
even if the price of bitcoin is 5000$ still not enough to replace the other currencies we all know,if we accept bitcoin as a currency, bitcoin must have a fixed price.
After few years bitcoin price maybe $5000 or already replaced by other currency.
even if the price of bitcoin is 5000$ still not enough to replace the other currencies we all know,if we accept bitcoin as a currency, bitcoin must have a fixed price.
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?
You now that it all depends on the price but I think that you will be save if you have somewhere around 100 Bitcoins. That will be enough to live nice and relaxed in the future. Jump to: