Topic: How many bitcoins do I need to retire in 20 years? - page 49. (Read 320337 times)

Quote from: diodio5 on May 17, 2016, 07:32:34 PM

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

everyone has a big dream. anyone wants to build a business in bitcoin and anyone wanting to get rich from bitcoin.
okay to dream. but the most important is a plan to reach all of your dreams? What can you do that?

Everyone is using random number here, we need to be more realistic, speak what you are capable to achieve how can anyone would hold 1000 btc in future?

Well, it's depend on the price of bitcoin though. If the price for bitcoin is really small someday, i'm sure someone can hold 1000 bitcoin in the future.

jerelimZ

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

everyone has a big dream. anyone wants to build a business in bitcoin and anyone wanting to get rich from bitcoin.
okay to dream. but the most important is a plan to reach all of your dreams? What can you do that?

Everyone is using random number here, we need to be more realistic, speak what you are capable to achieve how can anyone would hold 1000 btc in future?

diodio5

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Activity: 490

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Quote from: mrhelpful on May 17, 2016, 03:05:11 PM

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

everyone has a big dream. anyone wants to build a business in bitcoin and anyone wanting to get rich from bitcoin.
okay to dream. but the most important is a plan to reach all of your dreams? What can you do that?

toy4lov3rs

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I think I will need around 200 btc to live good life in future, but I know its not easy to earn that amount, but I will keep on trying and put efforts to collect maximum.

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Quote from: upsidedown75 on May 17, 2016, 02:59:30 PM

Quote from: toy4lov3rs on May 16, 2016, 07:48:09 PM

Quote from: expert4knowledge on May 16, 2016, 05:16:15 PM

In my opinion if you suppose bitcoin prices continue to increasing and if you consider that you can save every year 3-4 coins then it is enough for you.

I think 3 to 4 btc per year is very less to hold I guess, you need atleast 1 btc per month i.e., 12 btc per annum so that in next 10 years you would be holding 120 btc and that is a good amount to hold.

if the bitcoin price stable at $460 like today, i think 0.8btc/month is enough so we need only 9.6btc/year or 192bitcoin for 20years retirement

It is not guaranteed that 192 bitcoin is enough for 20 years retirement , because the economy and market goods price are always increasing and there's always a change every year and we can't deny it.
I think you should still add more btc.

I don't think you quite get what OP said. He said that he will 'keep it for 20 years' not '20 years retirement.' And ofcourse, 192btc for 20 years isn't even anywhere comfortable, imagine having a budget of, assuming the price is stable at $450, $86,400 in 20 years. That's just nearly 1 and a half year of an average joe's salary.

Thats no way to live lol. Depends on where that "retirement location" will be.

I mean I guess you can retired with average joes salary, but that would mean you dont live in the US, but live in the third world parts of the country that allow $86k to be sufficient elswhere I suppose.

here in western europe $86k won't last you very long, depending on your spending habits of course. here you'll need at least €2000 per month. which means if you want to live from your money 10 years then you'll need to have €240k. if you add another 10 years then you'll need €480k. and then again, €2000 per month isn't even that much.

mrhelpful

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Quote from: upsidedown75 on May 17, 2016, 02:59:30 PM

Quote from: toy4lov3rs on May 16, 2016, 07:48:09 PM

Quote from: expert4knowledge on May 16, 2016, 05:16:15 PM

In my opinion if you suppose bitcoin prices continue to increasing and if you consider that you can save every year 3-4 coins then it is enough for you.

I think 3 to 4 btc per year is very less to hold I guess, you need atleast 1 btc per month i.e., 12 btc per annum so that in next 10 years you would be holding 120 btc and that is a good amount to hold.

if the bitcoin price stable at $460 like today, i think 0.8btc/month is enough so we need only 9.6btc/year or 192bitcoin for 20years retirement

It is not guaranteed that 192 bitcoin is enough for 20 years retirement , because the economy and market goods price are always increasing and there's always a change every year and we can't deny it.
I think you should still add more btc.

I don't think you quite get what OP said. He said that he will 'keep it for 20 years' not '20 years retirement.' And ofcourse, 192btc for 20 years isn't even anywhere comfortable, imagine having a budget of, assuming the price is stable at $450, $86,400 in 20 years. That's just nearly 1 and a half year of an average joe's salary.

Thats no way to live lol. Depends on where that "retirement location" will be.

I mean I guess you can retired with average joes salary, but that would mean you dont live in the US, but live in the third world parts of the country that allow $86k to be sufficient elswhere I suppose.

upsidedown75

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Quote from: toy4lov3rs on May 16, 2016, 07:48:09 PM

Quote from: expert4knowledge on May 16, 2016, 05:16:15 PM

In my opinion if you suppose bitcoin prices continue to increasing and if you consider that you can save every year 3-4 coins then it is enough for you.

I think 3 to 4 btc per year is very less to hold I guess, you need atleast 1 btc per month i.e., 12 btc per annum so that in next 10 years you would be holding 120 btc and that is a good amount to hold.

if the bitcoin price stable at $460 like today, i think 0.8btc/month is enough so we need only 9.6btc/year or 192bitcoin for 20years retirement

It is not guaranteed that 192 bitcoin is enough for 20 years retirement , because the economy and market goods price are always increasing and there's always a change every year and we can't deny it.
I think you should still add more btc.

I don't think you quite get what OP said. He said that he will 'keep it for 20 years' not '20 years retirement.' And ofcourse, 192btc for 20 years isn't even anywhere comfortable, imagine having a budget of, assuming the price is stable at $450, $86,400 in 20 years. That's just nearly 1 and a half year of an average joe's salary.

Dux2K

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Quote from: MaxTax on May 17, 2016, 09:28:33 AM

You really need a lot of bitcoins to do this and I think it will be a number over the 200 bitcoins, but I also think this can of course not be predicted because if the price will go to a higher amount you would need less more.

Right for now better is to collect more and then save it
It can be like that that some small amount be 100k in $ that would be fine

MaxTax

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You really need a lot of bitcoins to do this and I think it will be a number over the 200 bitcoins, but I also think this can of course not be predicted because if the price will go to a higher amount you would need less more.

BitMaxz

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BTC price road to $80k

Quote from: toy4lov3rs on May 16, 2016, 07:48:09 PM

Quote from: expert4knowledge on May 16, 2016, 05:16:15 PM

In my opinion if you suppose bitcoin prices continue to increasing and if you consider that you can save every year 3-4 coins then it is enough for you.

I think 3 to 4 btc per year is very less to hold I guess, you need atleast 1 btc per month i.e., 12 btc per annum so that in next 10 years you would be holding 120 btc and that is a good amount to hold.

if the bitcoin price stable at $460 like today, i think 0.8btc/month is enough so we need only 9.6btc/year or 192bitcoin for 20years retirement

It is not guaranteed that 192 bitcoin is enough for 20 years retirement , because the economy and market goods price are always increasing and there's always a change every year and we can't deny it.
I think you should still add more btc.

But for me if i had 192 bitcoins in ,y pocket for 20 years retirement its enough for me.. its a lots of money if you convert it into fiat.. and i think im a millionaire even i sell it right now.. and i can start a new business online.. it will valueable if i sell it after block halving once we hit the price of 700-900 value..

eddyubachs

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Quote from: hawkins on May 17, 2016, 09:20:59 AM

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

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

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

Well, we really need at many bitcoin at the time. not only to become a rich man, but also to develop our business. I like to have many bitcoin at the time, and a minimum of 100 BTC is already in my wallet.

What? You are holding 100 btc at a moment? Mate you are already a rich guy, what else you can expect for and it will keep on growing as time passes.

hawkins

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

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

Well, we really need at many bitcoin at the time. not only to become a rich man, but also to develop our business. I like to have many bitcoin at the time, and a minimum of 100 BTC is already in my wallet.

Ulloa

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Activity: 364

Merit: 250

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.

jossiel

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Activity: 3136

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DGbet.fun - Crypto Sportsbook

Quote from: toy4lov3rs on May 16, 2016, 07:48:09 PM

Quote from: expert4knowledge on May 16, 2016, 05:16:15 PM

In my opinion if you suppose bitcoin prices continue to increasing and if you consider that you can save every year 3-4 coins then it is enough for you.

I think 3 to 4 btc per year is very less to hold I guess, you need atleast 1 btc per month i.e., 12 btc per annum so that in next 10 years you would be holding 120 btc and that is a good amount to hold.

if the bitcoin price stable at $460 like today, i think 0.8btc/month is enough so we need only 9.6btc/year or 192bitcoin for 20years retirement

It is not guaranteed that 192 bitcoin is enough for 20 years retirement , because the economy and market goods price are always increasing and there's always a change every year and we can't deny it.
I think you should still add more btc.

Hatuferu

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https://trueflip.io/

Quote from: sirohige on May 17, 2016, 03:56:17 AM

Quote from: dsyahputera on May 17, 2016, 03:46:15 AM