How many bitcoins do I need to retire in 20 years? - page 44.

jossiel

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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.

ElpadroBitcoin

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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?

It is all going to depend on what the value of the Bitcoin is at that moment and that is something that I am not able to predict. You will just have to wait until that moment to come behind the answer of your question.

ibh98

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No one can give surity about that, cause the price of bitcoin frequently rise and down.

bladeandsoulguide

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i need 10 bitcoins for retire

buy and sell blade and soul gold we accept bitcoins

ronaldo40

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Quote from: Dux2K on June 02, 2016, 01:17:32 AM

Quote from: maudevang on June 01, 2016, 03:08:36 AM

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.

Dux2K

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Quote from: maudevang on June 01, 2016, 03:08:36 AM

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

daringdiscovered

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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 you must buy what you can only afford to buy right now without affecting your current life or sacrificing anything. 20 years is a very long time to plan it when it comes. Many things can happen on this 20 years. We can't predict if bitcoin's price will increase very big or decrease. 20 years is equivalent of 5 bitcoin halving if i am right so we can't say what will happen to bitcoim in 20 years.

maudevang

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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.

mightyghz

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It may be that bitcoins do not hold any value after 20 years. Bitcoins are not a reliable currency currently and it has been here for very less time compared to other currencies but the future of bitcoin is not predictable. Soon it may be replaced by another currency. Grin

I mean to say you must diversified your risks Wink

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Quote from: Skylake on May 31, 2016, 11:26:11 PM

maybe arround 100bitcoin.

Depends on your age, and your plans for retirement. If you are planning to retire in 2020, then this amount may not be enough. IMO, BTC will hit a peak by 2025 or 2030. If everything goes according to the plan, then tens or even hundreds of millions of people will be using BTC by then, and the exchange rates will zoom to five digits. After 2030, it is risky though. There is always a chance of Bitcoins getting replaced with something better.

jossiel

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Quote from: Skylake on May 31, 2016, 11:26:11 PM

maybe arround 100bitcoin.

That isn't enough for only 100 bitcoin for 20 years, because demand of goods and services are going high so the prices of what it is today , is still
going to change and that 100 bitcoin is not enough for it.
As we can't predict if the price of bitcoin will still on peak's price or down fall.

Skylake

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maybe arround 100bitcoin.

jossiel

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Quote from: Josef27 on May 31, 2016, 08:22:16 PM

Quote from: vlight on May 29, 2016, 07:49:46 AM

1 BTC. After 20 years it will be worth $100000 Grin

Couldn't have said it better myself.. Actually I think the webot has predicted, BTC will be worth this much. It said something like wallets will be passed down, as generational wealth. In the future BTC will be discussed in millibits / multi-bit terms.

Well if that happens to millibits / multi bits terms, it's up to devs if they are going to chance it. No problem with me, but I hope that 10000 btc is enough for retiring for 20 years, you can already start out a family on it and wok out and start some of investment or business in real life.

Josef27

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Quote from: vlight on May 29, 2016, 07:49:46 AM

1 BTC. After 20 years it will be worth $100000 Grin

Couldn't have said it better myself.. Actually I think the webot has predicted, BTC will be worth this much. It said something like wallets will be passed down, as generational wealth. In the future BTC will be discussed in millibits / multi-bit terms.

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Quote from: DeDordtenaar on May 31, 2016, 08:12:12 PM

Quote from: Shibashi Dogemoto on May 29, 2016, 05:17:31 PM

Quote from: vlight on May 29, 2016, 07:49:46 AM

1 BTC. After 20 years it will be worth $100000 Grin

Anything is possible and we cannot afford to neglect the fact that bitcoin has that potential to achieve that price in next 20 years, only thing is we need to wait longer to see that price.

Lol if such a high price I do not need to work hard to collect hundreds of bitcoin. because if you have 1 BTC you can become a rich man. I thought the price was unreasonable and impossible to happen think if 1 BTC = $100k
its mean 0.0001 BTC worth $ 100 you must pay $ 100 for a transaction fee it was a very strange thing

Absolutely, maybe we are just affected with the fast and steady increasing price of bitcoins nowadays, we are getting too excited that we think of unrealistic prediction. To be reasonable 100 BTC would be enough for 20 years if this trend will continue.

DeDordtenaar

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Quote from: Shibashi Dogemoto on May 29, 2016, 05:17:31 PM

Quote from: vlight on May 29, 2016, 07:49:46 AM

1 BTC. After 20 years it will be worth $100000 Grin

Anything is possible and we cannot afford to neglect the fact that bitcoin has that potential to achieve that price in next 20 years, only thing is we need to wait longer to see that price.

Lol if such a high price I do not need to work hard to collect hundreds of bitcoin. because if you have 1 BTC you can become a rich man. I thought the price was unreasonable and impossible to happen think if 1 BTC = $100k
its mean 0.0001 BTC worth $ 100 you must pay $ 100 for a transaction fee it was a very strange thing

diodio5

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Quote from: rorona_zoro on May 29, 2016, 05:54:39 AM

I think 50BTC is enough but I dont know if btc still survive in next 20years or not Cheesy

I think the 50 BTC is not enough if you want to be rich dude. you need more than 1000 BTC within 20 years. the price may not be more than $ 1500 (just a guess) so collected in 1000 BTC in that period. maybe you can live comfortably and wealthy by 1000 BTC

sishendaoye

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You would need a lot of bitcoins to accomplish this in my eyes, it will take years to make such a amount.
I think you need around the 300 bitcoins to do this.

diodio5

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Quote from: rorona_zoro on May 29, 2016, 05:54:39 AM

I think 50BTC is enough but I dont know if btc still survive in next 20years or not Cheesy

you do not need to think that bitcoin will last as long as it is or not? if you persist using bitcoin in a period of 20 years. yes bitcoin will survive in that period. as long as users are still using bitcoin. bitocin will continue to survive
I think 50 btc is enough if bitcoin prices touching a price of $ 10k

Zooplus

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Quote from: jamesl22 on May 29, 2016, 06:00:34 PM

Quote from: MTBTT on May 29, 2016, 05:40:55 PM

Quote from: vlight on May 29, 2016, 07:49:46 AM

1 BTC. After 20 years it will be worth $100000 Grin

it looks like it was an impossible thing to happen. come on think rationally. prices will not grow that high. it's beyond reason.
maybe the price will be around $ 2,000

No mate price will be much higher in next 20 years, $2k is too low to expect, price will be more then $10k in next 20 years for sure.

Wow! I like your projection, if that will happen then I will be very rich that time, I feel like buying a mansion and a yacht with hot girls surrounds me when going a tour for vacation.

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