How many bitcoins do I need to retire in 20 years? - page 40.

jossiel

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Quote from: vitod on June 11, 2016, 04:16:02 AM

After few years bitcoin price maybe $5000 or already replaced by other currency.

It will still depend on the price of bitcoin after 20 years. But if the bitcoin's price will reach to $5000.
Maybe you just need only 1000 btc for that years and for sure even you don't work for it. It can suffice your needs for 20 years.

Dux2K

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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

vitod

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After few years bitcoin price maybe $5000 or already replaced by other currency.

Zooplus

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Quote from: n3o111 on June 10, 2016, 12:51:12 PM

It's almost impossible to answer this question for a multitude of reasons, but I'm attempting to get my total bitcoin holdings to 100 coins to save for the future and I'm almost half way there. Not expecting to get rich from them or anything but I think its a nice amount to have. I would certainly like to actually spend the coins in the future rather than cash them out as well so hopefully the appropriate merchants and infrastructure will be there in the future for me to do so.

That would happen mate, I am with your with saving your bitcoins. To be honest, I envy you because you almost reach your target already while me I am just beginning to save and have not earn a good profit yet, I wish you the best in the future and I hope that our bitcoins will have more value in the future.

n3o111

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It's almost impossible to answer this question for a multitude of reasons, but I'm attempting to get my total bitcoin holdings to 100 coins to save for the future and I'm almost half way there. Not expecting to get rich from them or anything but I think its a nice amount to have. I would certainly like to actually spend the coins in the future rather than cash them out as well so hopefully the appropriate merchants and infrastructure will be there in the future for me to do so.

n3o111

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I would get at least 10 Bitcoins to be on the safe side. However, i will buy these bitcoins from money that i can afford to lose. My retirement fund will be growing separately (retirement fund consists of blue chip stocks, Gold, Silver, Fixed deposits, Real Estate etc.,). I purchase Btc off the remains and earmark a small amount toward bitcoin each month in my entertainment fund. This way, even if BTC crashes, i am still protected as i would not have lost everything i have and my retirement fund would still remain intact. I am not a bear when it comes to bitcoin, but its better to be safe than sorry!

Nimbulan

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Quote from: Alley on April 28, 2014, 01:04:32 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?

to live comfortably i think that you need to have atleast 5 bitcoins, as in 20 years i think that bitcoins price will be atleast 10000$, so you would have bitcoins worth of 50000$

and i think that with 50000$ you will have decent life, you won't be able to buy villa or very expensive car, but it will be enough for normal people living for long time

thejaytiesto

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Quote from: Farma on June 10, 2016, 10:45:35 AM

Quote from: Dwelach on June 10, 2016, 10:13:53 AM

You will need a lot and that is because you have to know that the value of Bitcoin will always change and that is the problem and also the most risky thing.
Of course it will be really hard to know what is going to happen with Bitcoin itself but to earn money you have to take some risks.

Well, if you want to be rich in it then you do need bitcoin as much as possible. Everyone wants to have the BTC 100 or more at the time, but now we just need to work hard so that it can be realized

100 BTC is way too much for 99% of people to buy at current price, it's simply too late to aim for 100, and as price goes higher it will be even harder.

The good news is, 21 BTC goal to be part of 1 million club is still reachable with hard work and dedication and smart investments.

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Quote from: Dwelach on June 10, 2016, 10:13:53 AM

You will need a lot and that is because you have to know that the value of Bitcoin will always change and that is the problem and also the most risky thing.
Of course it will be really hard to know what is going to happen with Bitcoin itself but to earn money you have to take some risks.

Well, if you want to be rich in it then you do need bitcoin as much as possible. Everyone wants to have the BTC 100 or more at the time, but now we just need to work hard so that it can be realized

Dwelach

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You will need a lot and that is because you have to know that the value of Bitcoin will always change and that is the problem and also the most risky thing.
Of course it will be really hard to know what is going to happen with Bitcoin itself but to earn money you have to take some risks.

ronaldo40

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Quote from: bitcoin-hunter on June 09, 2016, 04:47:34 AM

Quote from: Alley on April 28, 2014, 01:04:32 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?

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.

it is difficult to predict what will happen 20 years from now in bitcoin. I think quite a risk as well, I do not worry if you have to wait very long, and the result was disappointing. better to make profits productively. but if you want to do that, it's not a problem with the risk that is ready to take.

bitcoin-hunter

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Quote from: Alley on April 28, 2014, 01:04:32 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?

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.

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Quote from: The_prodigy on June 09, 2016, 04:28:54 AM

Quote from: Omegasun on June 09, 2016, 04:01:34 AM

In 20 years, the price of each bitcoin will be $250,000 each. So To retire happily in my country, I just need 20 bitcoins.

Your dream is impossible but there is no bad to have a dream.. for me that price is impossible maybe it will happen because bitcoin is unpredictable..
As my speculation in 20 years the value of bitcoin should be $3k-$5k value after 20 years.. this is i think possible price in the future..

lol $250k? yea, for me its sounds impossible too, but nothing is impossible in this world.
its depends from what value of btc and how much money you need, all you need is starting to buy and hold btc for now, because many people assumed if value of btc will be going higher in the future.

The_prodigy

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Quote from: Omegasun on June 09, 2016, 04:01:34 AM

In 20 years, the price of each bitcoin will be $250,000 each. So To retire happily in my country, I just need 20 bitcoins.

Your dream is impossible but there is no bad to have a dream.. for me that price is impossible maybe it will happen because bitcoin is unpredictable..
As my speculation in 20 years the value of bitcoin should be $3k-$5k value after 20 years.. this is i think possible price in the future..

Omegasun

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In 20 years, the price of each bitcoin will be $250,000 each. So To retire happily in my country, I just need 20 bitcoins.

extrabyte

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Quote from: Cyaren on June 09, 2016, 03:22:56 AM

I think that if you want a comfortable retirement, you're trying to aim to save as much money as you can in 20 years. However, that amounts varies from country to country, as the cost of living differs.

But I think that 200-500 BTC should buy you a comfortable retirement if you're living in a country with ok prices.

In some countries the actual price to buy only a house is 200-500 BTC, i don't know where the OP lives but he should count that it is needed a huge amount of bitcoins (at least the number should have 4-Digits) to retire in 20 years.

vero

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Quote from: Cyaren on June 09, 2016, 03:22:56 AM

I think that if you want a comfortable retirement, you're trying to aim to save as much money as you can in 20 years. However, that amounts varies from country to country, as the cost of living differs.

But I think that 200-500 BTC should buy you a comfortable retirement if you're living in a country with ok prices.

Comfortable or not it's back to your lifestyle if he can live simply maybe he only need 25% of the amount you say for retirement.

Zooplus

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Quote from: Cyaren on June 09, 2016, 03:22:56 AM

I think that if you want a comfortable retirement, you're trying to aim to save as much money as you can in 20 years. However, that amounts varies from country to country, as the cost of living differs.

But I think that 200-500 BTC should buy you a comfortable retirement if you're living in a country with ok prices.

That's more than enough for me, with 100 BTC, I can already live a comfortable life, if you are retired that does not necessarily mean that you will stop your life, if you love working then the better at least you are in control with your time. If I have that amount I could easily grow that as I would put a business and I will just manage it at home, no need to work hard as I know already how to leverage people.

Cyaren

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I think that if you want a comfortable retirement, you're trying to aim to save as much money as you can in 20 years. However, that amounts varies from country to country, as the cost of living differs.

But I think that 200-500 BTC should buy you a comfortable retirement if you're living in a country with ok prices.

ronaldo40

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Quote from: Bitcoinbee on June 09, 2016, 02:36:31 AM

Quote from: bittrojan on June 09, 2016, 02:04:05 AM

Quote from: Bitcoinbee on June 08, 2016, 12:01:16 AM

If you have a good discipline in investments you can start small in investing for your retirement. Put bitcoins bit by bit into a certain wallet and sell it after the halving. If you believe in the sky rocketing value of bitcoin in every halving cycle then go for it.

No,i think that not enough for retire in 20 years,when we work hard and bitcoin price better and better,and we just earn it bit into bit,its almost useless,we need doing some sacrifice,buying 50 bitcoins with loan money,then hold it until bitcoin halving pass away,that's better in my pinion.

I can agree with that since everyone has a right for his/her opinion and as long as it is possible then why not?

yeah it's good opinion, but it really is too risky to borrow money is very much to buy 50 BTC and everyone thinks anything can happen in bitcoin. what will happen when prices do not rise and fall. you will get a big problem with it

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