How many bitcoins do I need to retire in 20 years? - page 50.

sirohige

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Quote from: dsyahputera on May 17, 2016, 02:46:15 AM

Quote from: sirohige on May 16, 2016, 08:16:48 PM

Quote from: toy4lov3rs on May 16, 2016, 06:48:09 PM

Quote from: expert4knowledge on May 16, 2016, 04:16:15 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

Unfortunately, the price of bitcoin is not stbil (especially in a span of 20 years). If the price of bitcoin in the future will go up, your calculation is not wrong. But if the price of bitcoin future declines, you will require more bitcoin.

no body can predict 100% right for future, but i think it's very risky to save all of your money at bitcoin for retirement day, so i think 120btc is enough, you can save your money at your fiat too.

dsyahputera

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Quote from: sirohige on May 16, 2016, 08:16:48 PM

Quote from: toy4lov3rs on May 16, 2016, 06:48:09 PM

Quote from: expert4knowledge on May 16, 2016, 04:16:15 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

Unfortunately, the price of bitcoin is not stbil (especially in a span of 20 years). If the price of bitcoin in the future will go up, your calculation is not wrong. But if the price of bitcoin future declines, you will require more bitcoin.

azguard

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technically if you are here let sr or hero member average income in month is about 0.1 - 0.14 btc a month so in 20 years it will be roughly about 20 - 33 BTC which is quite the amount if you save all that
that amount you can invest in something, gable it , save it or cash it out

this is good amount to have in 20 years for everyone more or less

diodio5

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Quote from: expert4knowledge on May 16, 2016, 04:16:15 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 you need more bitcoin do you get per year may be more than 10 bitcoin. it would be better for you in the 20 years to come.
you need to make great targets before determining bitcoin you wanna get it dude

sirohige

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Quote from: toy4lov3rs on May 16, 2016, 06:48:09 PM

Quote from: expert4knowledge on May 16, 2016, 04:16:15 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

toy4lov3rs

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Quote from: expert4knowledge on May 16, 2016, 04:16:15 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.

expert4knowledge

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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.

Dux2K

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Quote from: ajun96 on May 14, 2016, 04:20:29 AM

Quote from: trinaldao on May 14, 2016, 12:33:08 AM

Quote from: pearl11 on May 12, 2016, 05:22:39 AM

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

yeah nice joke.
let's calculate how much your bitcoin have today, and how much you can earn bitcoin perday.

i think 1000btc is very high amount

you need income 0.13 btc in each day if you want to have the 1000 BTC within 20 years does not include the cost requirements and other unexpected costs. at least you need to get a 0.15 BTC in every day?
What are you able to get that much every day bitcoin? if you work hard maybe you can get it dude

It can be possible if that someone is good with trading
This amount is possible but only if he is really good with trading

Hatuferu

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Quote from: jossiel on May 14, 2016, 05:27:04 AM

Quote from: ajun96 on May 14, 2016, 04:20:29 AM

Quote from: trinaldao on May 14, 2016, 12:33:08 AM

Quote from: pearl11 on May 12, 2016, 05:22:39 AM

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

yeah nice joke.
let's calculate how much your bitcoin have today, and how much you can earn bitcoin perday.

i think 1000btc is very high amount

you need income 0.13 btc in each day if you want to have the 1000 BTC within 20 years does not include the cost requirements and other unexpected costs. at least you need to get a 0.15 BTC in every day?
What are you able to get that much every day bitcoin? if you work hard maybe you can get it dude

Earning 0.13 btc a day is somehow impossible if you don't have a decent job and have managerial position and convert your salary to bitcoins. But earning with bitcoin in that amount daily also is an impossible thing unless you are an owner of a gambling site, faucet site which has very users and visitors.

It all depends on your capacity to earn that, owning a gambling site is hard to achieve because of the required huge investment. I think the best way is by trading as it does not need huge capital. As long as you are good you can multiply your money in a day doing day trading.

jossiel

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Quote from: ajun96 on May 14, 2016, 04:20:29 AM

Quote from: trinaldao on May 14, 2016, 12:33:08 AM

Quote from: pearl11 on May 12, 2016, 05:22:39 AM

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

yeah nice joke.
let's calculate how much your bitcoin have today, and how much you can earn bitcoin perday.

i think 1000btc is very high amount

you need income 0.13 btc in each day if you want to have the 1000 BTC within 20 years does not include the cost requirements and other unexpected costs. at least you need to get a 0.15 BTC in every day?
What are you able to get that much every day bitcoin? if you work hard maybe you can get it dude

Earning 0.13 btc a day is somehow impossible if you don't have a decent job and have managerial position and convert your salary to bitcoins. But earning with bitcoin in that amount daily also is an impossible thing unless you are an owner of a gambling site, faucet site which has very users and visitors.

salmanahmedone

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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?

That is a good idea to save your bitcoins for your retire life. i also follow it, actually it is a good investment, only need to be-careful about the bitcoin's price.
You ask how many bitcoins need to buy for your retirement, so my answer is, it is depend on your financial situation, but minimize 20 bitcoins you need it to save for future.

ajun96

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Quote from: trinaldao on May 14, 2016, 12:33:08 AM

Quote from: pearl11 on May 12, 2016, 05:22:39 AM

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

yeah nice joke.
let's calculate how much your bitcoin have today, and how much you can earn bitcoin perday.

i think 1000btc is very high amount

you need income 0.13 btc in each day if you want to have the 1000 BTC within 20 years does not include the cost requirements and other unexpected costs. at least you need to get a 0.15 BTC in every day?
What are you able to get that much every day bitcoin? if you work hard maybe you can get it dude

Hatuferu

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Quote from: Dux2K on May 14, 2016, 02:03:28 AM

Wedont know how much will btcbe in 20 years but with some 5 digits price 20 will be enough
No need to have more i think

All I can say base on my prediction that the longer bitcoins will be in the circulation the price will accordingly increase. True, we have no idea how much will it cost in 20 years but I am pretty sure that it would be higher than today's current price.

Dux2K

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Wedont know how much will btcbe in 20 years but with some 5 digits price 20 will be enough
No need to have more i think

streazight

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i think bitcoins will remain forever.

trinaldao

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Quote from: pearl11 on May 12, 2016, 05:22:39 AM

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

yeah nice joke.
let's calculate how much your bitcoin have today, and how much you can earn bitcoin perday.

i think 1000btc is very high amount

adibe

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Activity: 406

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Quote from: BeGoods on May 13, 2016, 05:40:46 PM

Quote from: DOGE12321 on May 11, 2016, 03:27:01 AM

Quote from: Alley on April 28, 2014, 12:04:32 PM

Let us say I want to buy bitcoins today and store them for 20 years to use 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?

That is incredibly hard to determine. This is because the price may rise substantially or BTC overall, may become worthless.

Personally, I would probably stick to 5 - 10 Bitcoin. I believe that this is a good range to buy up to.

because the price is still very unclear in the future or 20 years to come? then you can only guess at what price will come next mate? then you can have our own target? how much wealth the right to be called a comfortable life in your country?
the amount of bitcoin depends on your want Cheesy

Yeah you are right, and we don't know how much the inflation in the next 20 yeear, because it's really important for knowing how many bitcoins we need on that day.

BeGoods

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Quote from: DOGE12321 on May 11, 2016, 03:27:01 AM

Quote from: Alley on April 28, 2014, 12:04:32 PM

Let us say I want to buy bitcoins today and store them for 20 years to use 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?

That is incredibly hard to determine. This is because the price may rise substantially or BTC overall, may become worthless.

Personally, I would probably stick to 5 - 10 Bitcoin. I believe that this is a good range to buy up to.

because the price is still very unclear in the future or 20 years to come? then you can only guess at what price will come next mate? then you can have our own target? how much wealth the right to be called a comfortable life in your country?
the amount of bitcoin depends on your want Cheesy

AlexBits

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Quote from: Betwrong on May 12, 2016, 03:31:24 AM

Many people in this thread, including me, predict that in 20 years Bitcoin will cost from $10k to $20k. Of course those numbers make sense only if the buying capacity of USD will be the same as it is today.

In short to retire in 20 years you'll need from 100 to 200 BTC.

If you look at the price of the coin now you will need allot of coins to retire in 20 years. But you can
be lucky if the price of the coin is rising that much maybe it takes less then 20 years.

bitlancr

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You would need a lot of bitcoins for sure without any doubts, I think its not possible also because the bitcoin would need to increase a lot to succeed with this, even with a high amount of bitcoins.

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