How many bitcoins do I need to retire in 20 years? - page 48.

terman45x

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Quote from: blackmachinegun on May 22, 2016, 05:48:06 AM

Quote from: BitcoinPaw on May 21, 2016, 01:32:40 PM

It's depend on price of bitcoin, if it's cost 400$ i think you need 4-5millions in bitcoins it is 10k bitcoins. But also it's depend on country where are you want to live.

yeah it depends on the price of bitcoin in 20 years to come. but people will not know what price is going to happen in that year. therefore we have to do price forecasts then you must specify the target you're going to accomplish. how bitcoin that you should get with the price predictions?

We do not need to think that long, keep on earning and making profits till bitcoin is allowing us, as we don't know how long is the life of bitcoin, and thinking that is surely a waste of time.

blackmachinegun

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Quote from: BitcoinPaw on May 21, 2016, 01:32:40 PM

It's depend on price of bitcoin, if it's cost 400$ i think you need 4-5millions in bitcoins it is 10k bitcoins. But also it's depend on country where are you want to live.

yeah it depends on the price of bitcoin in 20 years to come. but people will not know what price is going to happen in that year. therefore we have to do price forecasts then you must specify the target you're going to accomplish. how bitcoin that you should get with the price predictions?

dsyahputera

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Make a business, use your ability to make money, especially to your everyday life. Just dreaming in the next 20 years you will have 200 BTC and will have a luxurious life is crap if you do not start your steps from now. But somehow, it can be a motivation for us.

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Quote from: pocarime32 on May 21, 2016, 08:18:57 PM

Quote from: Shinpako09 on May 21, 2016, 07:03:40 PM

It depends on the current price and the type of living you have and also the place where you live at. But if im gonna ask I would say 200-500btc would make my living comfortable after retirement since im only living in asia.

Yeah i agree with you, i also live in asia. I think 200-500 bitcoins is enough for retire in 20 years. With that bitcoins you can do a business or make something and passive income on it.

That is even more enough for me, I can live with 100 BTC for the rest of my life after 20 years if the price of 1BTC is going to be $100,000. Maybe I will live a luxurious life, just good for retirement.

pocarime32

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Quote from: Shinpako09 on May 21, 2016, 07:03:40 PM

It depends on the current price and the type of living you have and also the place where you live at. But if im gonna ask I would say 200-500btc would make my living comfortable after retirement since im only living in asia.

Yeah i agree with you, i also live in asia. I think 200-500 bitcoins is enough for retire in 20 years. With that bitcoins you can do a business or make something and passive income on it.

Shinpako09

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It depends on the current price and the type of living you have and also the place where you live at. But if im gonna ask I would say 200-500btc would make my living comfortable after retirement since im only living in asia.

newcoins1978

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You really need a lot of bitcoins to achieve this, I think its not possible with the worth the bitcoin now has.
The number if bitcoins you would need will be over the 300 bitcoins for sure.

lissandra

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Quote from: BitcoinPaw on May 21, 2016, 01:32:40 PM

It's depend on price of bitcoin, if it's cost 400$ i think you need 4-5millions in bitcoins it is 10k bitcoins. But also it's depend on country where are you want to live.

The price wont change much thats the way I feel.

And if it does change its due to significant events like the halving to create it. Or other technical news like improving the block size or something else.

But if you noticed lately, that this alt coin ETH has been taking over trying to match bitcoin - which hurts the price. And this is all before 20 years lol.

OrangeII

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Quote from: BitcoinPaw on May 21, 2016, 01:32:40 PM

It's depend on price of bitcoin, if it's cost 400$ i think you need 4-5millions in bitcoins it is 10k bitcoins. But also it's depend on country where are you want to live.

Well, we need as many bitcoin her for the future, regardless of price. if you do need 10k bitcoin, you should start thinking about how to get it, because it's not easy, even a 1 BTC is not readily available at this time

BitcoinPaw

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It's depend on price of bitcoin, if it's cost 400$ i think you need 4-5millions in bitcoins it is 10k bitcoins. But also it's depend on country where are you want to live.

fkvidar

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Quote from: arwin100 on May 21, 2016, 05:28:24 AM

Quote from: geopolisch on May 21, 2016, 05:16:12 AM

Quote from: AsaroUk on April 13, 2016, 04:54:24 AM

That depends on the value of Bitcoin and that is hard to predict because it is a curreny so you never know what the value will be of Bitcoin and that is the problem, but you never know.
I think you need more than some 50 Bitcoins for sure otherwise it will be not possible to you if the value is going to reduce, there are many risks.

Since there is no stability in the price of bitcoin,you cannot peridict whats going to happen in next few years even. Even if is difficult to predict the price after few months also.

price of bitcoin is unstable and you can rely your retireMent money their because we never knew what will happen to bitcoin in future, price of it is kinda movy and theres always treath to users that price will go down and what if bitcoins price died while your retirement money is their? Well your broke,lose money and vain you will leave im home for the age person by that, i strongly suggest that if you plan to have retirement btc money cash it out and put it in banks.

Yeah we don't know how long bitcoin will survive so its better to keep on selling on regular time when we see higher price of bitcoin as holding for 20 years would be worst decision.

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Quote from: geopolisch on May 21, 2016, 05:16:12 AM

Quote from: AsaroUk on April 13, 2016, 04:54:24 AM

That depends on the value of Bitcoin and that is hard to predict because it is a curreny so you never know what the value will be of Bitcoin and that is the problem, but you never know.
I think you need more than some 50 Bitcoins for sure otherwise it will be not possible to you if the value is going to reduce, there are many risks.

Since there is no stability in the price of bitcoin,you cannot peridict whats going to happen in next few years even. Even if is difficult to predict the price after few months also.

price of bitcoin is unstable and you can rely your retireMent money their because we never knew what will happen to bitcoin in future, price of it is kinda movy and theres always treath to users that price will go down and what if bitcoins price died while your retirement money is their? Well your broke,lose money and vain you will leave im home for the age person by that, i strongly suggest that if you plan to have retirement btc money cash it out and put it in banks.

geopolisch

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Quote from: AsaroUk on April 13, 2016, 04:54:24 AM

That depends on the value of Bitcoin and that is hard to predict because it is a curreny so you never know what the value will be of Bitcoin and that is the problem, but you never know.
I think you need more than some 50 Bitcoins for sure otherwise it will be not possible to you if the value is going to reduce, there are many risks.

Since there is no stability in the price of bitcoin,you cannot peridict whats going to happen in next few years even. Even if is difficult to predict the price after few months also.

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Quote from: dezoel on May 18, 2016, 10:39:15 AM

Quote from: CrimBit on May 18, 2016, 10:34:13 AM

Quote from: arwin100 on May 17, 2016, 10:11:18 PM

Quote from: CrimBit on May 17, 2016, 09:45:36 PM

Quote from: btcjoin14 on May 17, 2016, 09:06:06 PM

10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.

also it's depends on your style of life. if you glamour, extravagant etc. you need 10BTC/month so for 20years you need arround 2400BTC Cheesy

Agreeed really depends on what lifestyle you want if you get retired and if your aiming for luxuries life well you must need 1000btc and by that you can have a safety retirement but i dont think saving in bitcoin walllet is good idea for saving your retirement money, chances of losing money when wallet provider will close down their site, but really big amount of btc can really help you and all depends on how you spend it when it is in your hand.

also wher you life can make your style diffirent , in asia you can life with $200-$400/month but im not sure in US america you can life with $500month

If you are based in US then definitely you will need more money as cost of living is high in compare to Asian countries, and will also depend on your standard of living.

Yes that is true, because in Asia, especially for those 3rd world countries you can have a good life their with an average life in the US. Fact here, in Asia, they earned daily for at least $10 per day while in US that can be earn in an our, so we see the difference right?

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Quote from: CrimBit on May 18, 2016, 10:34:13 AM

Quote from: arwin100 on May 17, 2016, 10:11:18 PM

Quote from: CrimBit on May 17, 2016, 09:45:36 PM

Quote from: btcjoin14 on May 17, 2016, 09:06:06 PM

10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.

also it's depends on your style of life. if you glamour, extravagant etc. you need 10BTC/month so for 20years you need arround 2400BTC Cheesy

Agreeed really depends on what lifestyle you want if you get retired and if your aiming for luxuries life well you must need 1000btc and by that you can have a safety retirement but i dont think saving in bitcoin walllet is good idea for saving your retirement money, chances of losing money when wallet provider will close down their site, but really big amount of btc can really help you and all depends on how you spend it when it is in your hand.

also wher you life can make your style diffirent , in asia you can life with $200-$400/month but im not sure in US america you can life with $500month

If you are based in US then definitely you will need more money as cost of living is high in compare to Asian countries, and will also depend on your standard of living.

CrimBit

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Quote from: arwin100 on May 17, 2016, 10:11:18 PM

Quote from: CrimBit on May 17, 2016, 09:45:36 PM

Quote from: btcjoin14 on May 17, 2016, 09:06:06 PM

10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.

also it's depends on your style of life. if you glamour, extravagant etc. you need 10BTC/month so for 20years you need arround 2400BTC Cheesy

Agreeed really depends on what lifestyle you want if you get retired and if your aiming for luxuries life well you must need 1000btc and by that you can have a safety retirement but i dont think saving in bitcoin walllet is good idea for saving your retirement money, chances of losing money when wallet provider will close down their site, but really big amount of btc can really help you and all depends on how you spend it when it is in your hand.

also wher you life can make your style diffirent , in asia you can life with $200-$400/month but im not sure in US america you can life with $500month

Doms

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Quote from: Hatuferu on May 18, 2016, 04:55:30 AM

Quote from: jossiel on May 18, 2016, 01:24:24 AM

Quote from: btcjoin14 on May 17, 2016, 09:06:06 PM

10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.

I don't think this is enough, even though there would be a price hike that time and bitcoin would be stable or not that time. Still for me this isn't enough
to sustain your daily needs for the next 20 years and the price of goods will not be always the same.

I think 100BTC for me is already enough, as you can see the price of the bitcoins is steadily rising so in 20 years the value of each bitcoin might be $10,000, and imagine how much you earn on that exchange rate. I think I am gonna build a mansion if that will happen.

That amount might not be enough if you take into consideration how much the cost of living would be 20 years from now. And if you put half of that into building your dream house, you'd only be left with the other half which you should be able to make do for god-knows-how-long you still have to live.

sishendaoye

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Quote from: Ulloa on May 17, 2016, 09:12:31 AM

Quote from: xIIImaL on May 12, 2016, 06:46:50 AM

Quote from: pearl11 on May 12, 2016, 06:22:39 AM

1000btc, thats the btc i wish to have someday. I dreamed of that btc when i entered into bitcoin business.

OMG! atleast 10 BTC, I believe at that time bitcoin prices already exceed $ 500 so that I could be a millionaire Cool

It is really hard to know what is going to happen with the value of Bitcoin in the future because it is a currency you also dont even know what will happen and that is the problem.
But you have also to know that it can reduce so you need also a lot of coins for backup.

Yeah predicting the value of the Bitcoin over 20 years is just impossible to do. You can only speculate about what can happen. I am sure that when we are finally there people will say I never guessed that the value would be this.

Hatuferu

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Quote from: jossiel on May 18, 2016, 01:24:24 AM

Quote from: btcjoin14 on May 17, 2016, 09:06:06 PM

10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.

I don't think this is enough, even though there would be a price hike that time and bitcoin would be stable or not that time. Still for me this isn't enough
to sustain your daily needs for the next 20 years and the price of goods will not be always the same.

I think 100BTC for me is already enough, as you can see the price of the bitcoins is steadily rising so in 20 years the value of each bitcoin might be $10,000, and imagine how much you earn on that exchange rate. I think I am gonna build a mansion if that will happen.

jossiel

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Quote from: btcjoin14 on May 17, 2016, 09:06:06 PM

10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.

I don't think this is enough, even though there would be a price hike that time and bitcoin would be stable or not that time. Still for me this isn't enough
to sustain your daily needs for the next 20 years and the price of goods will not be always the same.

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