How many bitcoins do I need to retire in 20 years? - page 43.

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Quote from: trinaldao on June 04, 2016, 08:19:17 AM

Quote from: blackmachinegun on June 03, 2016, 06:16:03 AM

Quote from: trinaldao on June 03, 2016, 03:42:12 AM

for me have 10BTC is enough but you must have 1m EThereum too to your retire day Cheesy

i think for my retirement day, i will choose some altcoin too, like dogecoin, litecoin , monero or maybe ethereum too.

Lol it's beyond my expectations I think altcoin just a complement of bitcoin. I think there is no future for one altcoin dude ? altcoin will come and go and altcoin will die and then be replaced by another altcin. very risky if you use altcoin for investment in the future ?

not all altcoin is scam, not all altcoin creating just for printing money for make the developer rich, some altcoin with great adoption rising more than bitcoin rise ( at this year) look at Etherum the first price very cheap and now the price arround $12-$13 for each etherum

Like of the altcoins developer in the person of sasha ivanov developer of the waves, he said that there cannot be only bitcoins will perform in the future, the altcoins are designed not to outperform the bitcoins but to make it more popular using altcoins as the fuel for more modified transactions that would fit to different businesses in the world.

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Quote from: blackmachinegun on June 03, 2016, 06:16:03 AM

Quote from: trinaldao on June 03, 2016, 03:42:12 AM

for me have 10BTC is enough but you must have 1m EThereum too to your retire day Cheesy

i think for my retirement day, i will choose some altcoin too, like dogecoin, litecoin , monero or maybe ethereum too.

Lol it's beyond my expectations I think altcoin just a complement of bitcoin. I think there is no future for one altcoin dude ? altcoin will come and go and altcoin will die and then be replaced by another altcin. very risky if you use altcoin for investment in the future ?

not all altcoin is scam, not all altcoin creating just for printing money for make the developer rich, some altcoin with great adoption rising more than bitcoin rise ( at this year) look at Etherum the first price very cheap and now the price arround $12-$13 for each etherum

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do'nt say it's not enought

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Quote from: pearl11 on June 03, 2016, 10:13:34 PM

It depends on the price of btc,,even if you save 1000btc after 20 years ,and the value of bitcoin is only 20$ and its worthless ,,and in other part you save only 100btc but the value is 5000$.. its not important how many you have but rather how high is the btc price after 20 years

We can't say what would be the value of bitcoin after 20 years, and if it still on the trend and being used as universal currency in the world.
For me, you need thousands of btc just to sure and wise, and that amount is enough for 20 years I guess even the price of bitcoin will go down.

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It depends on the price of btc,,even if you save 1000btc after 20 years ,and the value of bitcoin is only 20$ and its worthless ,,and in other part you save only 100btc but the value is 5000$.. its not important how many you have but rather how high is the btc price after 20 years

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Quote from: expert4knowledge on June 03, 2016, 01:56:05 PM

I think it depends on the trend but I think with current trend,maybe 500 bitcoin is more than enough for being retired just now.

That's a good amount for retirement but that's even too much for me, I would love to retire at 100BTC and in 20 years the value would be X100 with its current price, still a huge amount though.

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I think it depends on the trend but I think with current trend,maybe 500 bitcoin is more than enough for being retired just now.

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Quote from: blackmachinegun on June 03, 2016, 06:16:03 AM

Quote from: trinaldao on June 03, 2016, 03:42:12 AM

for me have 10BTC is enough but you must have 1m EThereum too to your retire day Cheesy

i think for my retirement day, i will choose some altcoin too, like dogecoin, litecoin , monero or maybe ethereum too.

Lol it's beyond my expectations I think altcoin just a complement of bitcoin. I think there is no future for one altcoin dude ? altcoin will come and go and altcoin will die and then be replaced by another altcin. very risky if you use altcoin for investment in the future ?

I think altcoin would not survive in the future, but maybe you need very many bitcoin in this regard. probably more than 10 BTC, and maybe we need more than 50 BTC to become rich in the

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Quote from: Oralmat on May 25, 2016, 08:07:33 AM

Quote from: dinda22 on May 25, 2016, 07:42:55 AM

Quote from: BitsandBites on May 25, 2016, 03:15:09 AM

It depends on what the price per Bitcoin is at that moment and with how much money you want to retire with. Lets say the price is $5000 with in 20 years, that means that with 100 you would have $500,000 which is not bad at all.

$5000 seems to be the price that is difficult to achieve, you have to imagine the next 20 years the price of at least $1000, so you need more bitcoin, 1000 bitcoin very decent.

$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.

I think that $5000 mention for the amount of bitcoin is really high enough for me t save for my future and i am also thinking that will I be able to save that kind of money in real life. I really wish that I could be able to make it and even though it will be more than 20 years on my part I should start doing it right now like really now. I am getting older and I have to do more than I can while I am still be able to work. I am actually more focus on my family standing and my parents life.

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Quote from: trinaldao on June 03, 2016, 03:42:12 AM

for me have 10BTC is enough but you must have 1m EThereum too to your retire day Cheesy

i think for my retirement day, i will choose some altcoin too, like dogecoin, litecoin , monero or maybe ethereum too.

Well those alt coins you have said have also the potential to pump for the next years, but still I'm relying to bitcoins since it is the most popular coins of all, but that is also a good idea to have some of that alt coins too and you will need to have it also for future purpose and it might give you also
some profit from it. But 10 btc I don't think is enough for retirement for 20 years.

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Quote from: trinaldao on June 03, 2016, 03:42:12 AM

for me have 10BTC is enough but you must have 1m EThereum too to your retire day Cheesy

i think for my retirement day, i will choose some altcoin too, like dogecoin, litecoin , monero or maybe ethereum too.

Lol it's beyond my expectations I think altcoin just a complement of bitcoin. I think there is no future for one altcoin dude ? altcoin will come and go and altcoin will die and then be replaced by another altcin. very risky if you use altcoin for investment in the future ?

trinaldao

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for me have 10BTC is enough but you must have 1m EThereum too to your retire day Cheesy

i think for my retirement day, i will choose some altcoin too, like dogecoin, litecoin , monero or maybe ethereum too.

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Quote from: ronaldo40 on June 03, 2016, 02:42:36 AM

Quote from: randy8777 on June 02, 2016, 12:10:44 PM

Quote from: Jmild1 on June 02, 2016, 10:46:09 AM

Quote from: bladeandsoulguide on June 02, 2016, 02:35:50 AM

i need 10 bitcoins for retire

well thats not enough for 20 years. even if you're from 3rd world country I still doubt if it can cover all your expenses with this 20 years time span..

in wealthy countries you can't even do much with 100btc if you assume the price will rise to $5000-$10,000. you'll need to make sure you have at least 400-500 coins priced at $10,000 each, to fully retire from it for a normal person.

yes in European countries have a high cost, especially if your life of luxury, perhaps 100 BTC enough for 1 month.
but in my country 100 BTC could for living expenses for one year, even 5 years or more. and it depends on us, to grow by way of investment.
yes at least the price must be above $1k-5k to become a millionaire with 100 BTC

You people belong to the high class community, I can live with 100BTC for 20 years and that is already a good amount for my retirement. I would say that if I have that amount, I would really make a good business in our country and increase that amount in due time.

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Quote from: randy8777 on June 02, 2016, 12:10:44 PM

Quote from: Jmild1 on June 02, 2016, 10:46:09 AM

Quote from: bladeandsoulguide on June 02, 2016, 02:35:50 AM

i need 10 bitcoins for retire

well thats not enough for 20 years. even if you're from 3rd world country I still doubt if it can cover all your expenses with this 20 years time span..

in wealthy countries you can't even do much with 100btc if you assume the price will rise to $5000-$10,000. you'll need to make sure you have at least 400-500 coins priced at $10,000 each, to fully retire from it for a normal person.

yes in European countries have a high cost, especially if your life of luxury, perhaps 100 BTC enough for 1 month.
but in my country 100 BTC could for living expenses for one year, even 5 years or more. and it depends on us, to grow by way of investment.
yes at least the price must be above $1k-5k to become a millionaire with 100 BTC

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Quote from: Jmild1 on June 02, 2016, 10:46:09 AM

Quote from: bladeandsoulguide on June 02, 2016, 02:35:50 AM

i need 10 bitcoins for retire

well thats not enough for 20 years. even if you're from 3rd world country I still doubt if it can cover all your expenses with this 20 years time span..

in wealthy countries you can't even do much with 100btc if you assume the price will rise to $5000-$10,000. you'll need to make sure you have at least 400-500 coins priced at $10,000 each, to fully retire from it for a normal person.

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Quote from: bladeandsoulguide on June 02, 2016, 02:35:50 AM

i need 10 bitcoins for retire

I think it depends on the price of the bitcoins and the inflation, you can not predict the money value of current day after 20 years. I will say that don't store bitcoins for 20 years, you never know where the bitcoin-economy will be after 20 years. For the best case, get 10 bitcoins, sell it whenever you think the bitcoin exchange price is at its best.

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Quote from: bladeandsoulguide on June 02, 2016, 02:35:50 AM

i need 10 bitcoins for retire

well thats not enough for 20 years. even if you're from 3rd world country I still doubt if it can cover all your expenses with this 20 years time span..

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Quote from: ronaldo40 on June 02, 2016, 02:22:47 AM

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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 do not know how much Bitcoins you will need to retire with Bitcoin. It depends on what you want to make in 20 years. I think that you will need at least 100 Bitcoins, that would be somewhat enough to retire with.

most suggested that 100 would be fine to have as retirement plan and maybe even half with be enough

yeah 100 bitcoin is a minimal amount of good for us to have in 20 years. although we are not sure that the price will be above $1000. but if it is above $1000, 100 bitcoin will become eligible.

BTC is going through a bear phase atm and things seem all gloomy, but we need to keep up our optimism and hope that things change for the better. My time to look out for a major boom would be the next halving of block reward.

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Quote from: Supercrypt on June 02, 2016, 05:39:47 AM

Quote from: jossiel on June 02, 2016, 05:34:17 AM

Quote from: bladeandsoulguide on June 02, 2016, 02:35:50 AM

i need 10 bitcoins for retire

You are making me laugh man, 10 btc? for sure? I think it isn't enough for 20 years before retiring, Maybe that is possible if 1 btc will be equal
to $10,000.00
If that's the value the 10 btc will be enough for 20 years.

If you believe that bitcoin will achieve $10k price levels in 20 years, then we can consider 10 BTC are more than enough to retire with. But many speculators are expecting bitcoin would reach million dollars price level by that time.

Well, no one knows, but i think bitcoin will never reach $10.000 for each bitcoin. It's too damn high for me, i think i need around 100-500 bitcoins for retire in 20 years if the bitcoin's price is good.

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Quote from: jossiel on June 02, 2016, 05:34:17 AM

Quote from: bladeandsoulguide on June 02, 2016, 02:35:50 AM

i need 10 bitcoins for retire

You are making me laugh man, 10 btc? for sure? I think it isn't enough for 20 years before retiring, Maybe that is possible if 1 btc will be equal
to $10,000.00
If that's the value the 10 btc will be enough for 20 years.

If you believe that bitcoin will achieve $10k price levels in 20 years, then we can consider 10 BTC are more than enough to retire with. But many speculators are expecting bitcoin would reach million dollars price level by that time.

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