Topic: How many bitcoins do I need to retire in 20 years? - page 45. (Read 320337 times)

Quote from: LASERminer on May 28, 2016, 01:27:36 PM

Oh mate, 1000 bitcoin is very huge number of bitcoin.
I can not imagine that you target it during 20 years, it mean you should get 50 bitcoin every years...

50BTC equals to 2 blocks found now, and 4 blocks after halving, not hard to imagine with right amount of mining power.
Although keeping up with difficulty may deny accumulating coins at this rate. I think it is matter of scale of investment, surely there are miners earning even much higher yearly income.

50BTC would already be a good amount when your retire in 20 years, the thing is you need to live in a place where you can live a comfortable life with that 50BTC, sure the price then will increase in substantial value and you are living in asia then most likely your are still a millionaire.

In 20 years, the price could be around $1 million each. So you just need 1 to 10 to retire happily.

Hatuferu

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Oh mate, 1000 bitcoin is very huge number of bitcoin.
I can not imagine that you target it during 20 years, it mean you should get 50 bitcoin every years...

50BTC equals to 2 blocks found now, and 4 blocks after halving, not hard to imagine with right amount of mining power.
Although keeping up with difficulty may deny accumulating coins at this rate. I think it is matter of scale of investment, surely there are miners earning even much higher yearly income.

50BTC would already be a good amount when your retire in 20 years, the thing is you need to live in a place where you can live a comfortable life with that 50BTC, sure the price then will increase in substantial value and you are living in asia then most likely your are still a millionaire.

LASERminer

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Quote from: terman45x on May 27, 2016, 12:08:18 PM

Oh mate, 1000 bitcoin is very huge number of bitcoin.
I can not imagine that you target it during 20 years, it mean you should get 50 bitcoin every years...

50BTC equals to 2 blocks found now, and 4 blocks after halving, not hard to imagine with right amount of mining power.
Although keeping up with difficulty may deny accumulating coins at this rate. I think it is matter of scale of investment, surely there are miners earning even much higher yearly income.

shane

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Quote from: shane on May 27, 2016, 11:56:43 AM

Quote from: eddyubachs on May 25, 2016, 03:01:05 PM

Quote from: Ziskinberg on May 28, 2016, 02:37:34 AM

1000 btc to live best life with beautiful babes Grin

1000 btc is not possible for each and every individual as its an unrealistic value to achieve even 10 btc can take care if price reaches to millions.

1000 btc is a big target but don't say that it is not possible. everything is possible. and 20 years are too long time to do something. if you start earning and collecting bitcoin today. after 20 years you can possibly collect more then 1000btc. and bitcoin also unreliable thing. we can't say about the price of bitcoin.

If you start working on bitcoin full time then you can collect 1000 btc in next 20 years, but I don't think anyone will ever try to get full time in it and leave the job.

Oh mate, 1000 bitcoin is very huge number of bitcoin.
I can not imagine that you target it during 20 years, it mean you should get 50 bitcoin every years.
And even the target of your day earnings is 0.1369863 bitcoin. It is not easy but keep spirit to reach that.

it is possible to get 1000 bitcoin for 20 years, and get 50 BTC/year. but it's someone expert traders. I believe trade could do it

Full time trading can help you in earning that amount over a period of time and if you really work hard then in next 20 years you can even more then that.

yes in the trade we did have to take a full time, because there is always a moment when the price falls and it made a huge profit

blackmachinegun

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At its current price now, I think 100 BTC is already enough. I know for me its hard to have that because I don't have much source of income but one day I can achieve that dream. If I will retire then I can live a comfortable life.

nope human needs will never be met people will always feel less for what they get. one key is you can accept and be grateful that you had any wealth. so regardless of the current price and regardless of the money you save. your needs will always be met

Ziskinberg

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At its current price now, I think 100 BTC is already enough. I know for me its hard to have that because I don't have much source of income but one day I can achieve that dream. If I will retire then I can live a comfortable life.

Zooplus

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Quote from: Junamalik on May 27, 2016, 09:43:26 PM

you need only 1BTC Cheesy

and you need bitcoin reach price $10M

That's true, no. of bitcoins would not really matter at all. What is more important is the value of bitcoins that time you want to retire. If 1 BTC is equivalent to $1,000,000 then that would be so good also. Having million worth of dollars is already a good retirement.

zimmah

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Quote from: eddyubachs on May 25, 2016, 03:01:05 PM

Quote from: dinda22 on May 26, 2016, 06:32:14 AM

1000 btc to live best life with beautiful babes Grin

1000 btc is not possible for each and every individual as its an unrealistic value to achieve even 10 btc can take care if price reaches to millions.

1000 btc is a big target but don't say that it is not possible. everything is possible. and 20 years are too long time to do something. if you start earning and collecting bitcoin today. after 20 years you can possibly collect more then 1000btc. and bitcoin also unreliable thing. we can't say about the price of bitcoin.

it's demonstrably not possible

there's about 16 million bitcoin right now, and there will be about 20 million by the next 20 years.

that means at most 20,000 people will be able to own 1000 bitcoin.

not even all the users of this forum can have 1000 bitcoin.

in fact, not even all the users of this forum can have 100 bitcoin (probably not even 10).

1000 bitcoin is a ridiculously large amount that almost no one will have

the average amount of bitcoin will be 0.003, you should be fine with just a bitcoin or 2.

Junamalik

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you need only 1BTC Cheesy

and you need bitcoin reach price $10M

BossMacko

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for me i just need 20 BTC , but btc price must be 1000$/BTC before i consider retiring, with that 20BTC i can live in far remote place where i can just relax , do fishing and enjoy bonding with my family

streazight

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Quote from: Oralmat on May 25, 2016, 09:07:33 AM

Quote from: dinda22 on May 25, 2016, 08:42:55 AM

Quote from: BitsandBites on May 25, 2016, 04:15:09 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.

yes I know, they not talking about 5000 BTC, and you can see my reply, did I say about 5000 BTC? I mean you have to think about the smallest price in the next 20 years, say $1000, so you must have 1000 bitcoin in the future. because $5000 is the price that is difficult to achieve. but if you are talking about someone in this forum has 5000 BTC, I think there must be, the number of members in this forum very much, and it's very possible. I would say stunna definitely have it, he as the owner of one of the biggest gambling sites in bitcoin.

20 years will be bitcoin more popular

terman45x

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Quote from: shane on May 27, 2016, 11:56:43 AM

Quote from: eddyubachs on May 25, 2016, 03:01:05 PM

1000 btc to live best life with beautiful babes Grin

1000 btc is not possible for each and every individual as its an unrealistic value to achieve even 10 btc can take care if price reaches to millions.

1000 btc is a big target but don't say that it is not possible. everything is possible. and 20 years are too long time to do something. if you start earning and collecting bitcoin today. after 20 years you can possibly collect more then 1000btc. and bitcoin also unreliable thing. we can't say about the price of bitcoin.

If you start working on bitcoin full time then you can collect 1000 btc in next 20 years, but I don't think anyone will ever try to get full time in it and leave the job.

Oh mate, 1000 bitcoin is very huge number of bitcoin.
I can not imagine that you target it during 20 years, it mean you should get 50 bitcoin every years.
And even the target of your day earnings is 0.1369863 bitcoin. It is not easy but keep spirit to reach that.

it is possible to get 1000 bitcoin for 20 years, and get 50 BTC/year. but it's someone expert traders. I believe trade could do it

Full time trading can help you in earning that amount over a period of time and if you really work hard then in next 20 years you can even more then that.

shane

hero member

Activity: 756

Merit: 503

Quote from: eddyubachs on May 25, 2016, 03:01:05 PM

1000 btc to live best life with beautiful babes Grin

1000 btc is not possible for each and every individual as its an unrealistic value to achieve even 10 btc can take care if price reaches to millions.

1000 btc is a big target but don't say that it is not possible. everything is possible. and 20 years are too long time to do something. if you start earning and collecting bitcoin today. after 20 years you can possibly collect more then 1000btc. and bitcoin also unreliable thing. we can't say about the price of bitcoin.

If you start working on bitcoin full time then you can collect 1000 btc in next 20 years, but I don't think anyone will ever try to get full time in it and leave the job.

Oh mate, 1000 bitcoin is very huge number of bitcoin.
I can not imagine that you target it during 20 years, it mean you should get 50 bitcoin every years.
And even the target of your day earnings is 0.1369863 bitcoin. It is not easy but keep spirit to reach that.

it is possible to get 1000 bitcoin for 20 years, and get 50 BTC/year. but it's someone expert traders. I believe trade could do it

delliaerd

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Activity: 672

Merit: 500

Quote from: eddyubachs on May 25, 2016, 03:01:05 PM