You need a lot of bitcoins to retire in 20 years, I think you will need around the 250 bitcoin to really have a nice retirement if you ask me.
With a lower amount it will just not work.
Topic: How many bitcoins do I need to retire in 20 years? - page 52. (Read 320352 times)
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.
It really depends more on the financial status of each holder individually. If anyone is thinking of betting on bitcoin to be the thing that will provide them
with better life in the future, and if we aim at 100x factor within 20 years, that means that putting aside only 5% of their income into bitcoin would yield
enough for them to life in comfort. But considering the fact that it's best to keep things safe, its better not to overbuy. Personally, i'm aiming at 21 bitcoin.
How much do someone want to have
If the dolar value of 100k in btc is good then this is fine be me
If the dolar value of 100k in btc is good then this is fine be me
No knows what amount of coins will take care of him after 20 years as it totally depends on the price of bitcoin at that particular time, even 10 btc would be enough or even 100 btc cannot take care of.
How much do someone want to have
If the dolar value of 100k in btc is good then this is fine be me
If the dolar value of 100k in btc is good then this is fine be me
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.
But that is also risky because you also don't even know what is going to happen in that 20 years.
My current investment advice would be
Invest 30% in a savings account
50% is some safe investments like real estate or bonds
And with the remainder practice trading and try to get the most out of your money (if you have time offcourse
)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.
The fact is that we don't know whether bitcoin will survive for next 20 years or not and if it survives then not sure what would be the value so its better to hold more number of coins.be lucky if the price of the coin is rising that much maybe it takes less then 20 years.
that's right, we don't know what will happen with bitcoin after a decent amount of years. satoshi said something in the lines of : the price will either be worth a lot or end up being worthless. i choose for the first option and that's why i am holding my coins firmly.
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.
The fact is that we don't know whether bitcoin will survive for next 20 years or not and if it survives then not sure what would be the value so its better to hold more number of coins. be lucky if the price of the coin is rising that much maybe it takes less then 20 years.
Lol thats a difficult question because the coin doesn't have a stable value you know. Maybe he's
not even 1 dollar in about 20 years. But maybe he's that high after 2 years that you can retire with just a couple of coins.
not even 1 dollar in about 20 years. But maybe he's that high after 2 years that you can retire with just a couple of coins.
if someday goes over 10k then you will need few coin maybe less if goes even over 100K
but personally dont think we can see this price in our life time anyway
if prices comes to be stable at over 1000 then 100 btc would be just fine would it not
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.
Good comment.
As you already pointed out, Bitcoin will be either big or have disappeared.
Therefore don't go full throttle in terms of risk. Invest maybe something around 1-5% of your savings.
And beside that you can continue accumulating everytime you have some money left.
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?
if you want a comfortable living from selling bitcoin in 20 years to come. and because we do not know at what the price that will occur in the future? so just in case you need to buy more bitcoin dude/ The guard only when the price is not in line with your expectations so buy more is better 
I don't think I will be holding bitcoin that long as I will convert my bitcoin to fiat when the price will reach to the moon and then fiat will take care of my retired life.
You can choose to just hold 10% of your entire stash for at least 10 to 20 years as the price might be in the thousands by that time. I will keep at least 25% of my total coins for at least 10 years. I want to see where Bitcoin is heading in the future so I will always keep some coins.
it's good choice we save some for long term for future reference and sell some too so we can get buy back more if the price fail
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.
i think you need to have many source of income, its better thans having money on your stock.
Lol thats a difficult question because the coin doesn't have a stable value you know. Maybe he's
not even 1 dollar in about 20 years. But maybe he's that high after 2 years that you can retire with just a couple of coins.
not even 1 dollar in about 20 years. But maybe he's that high after 2 years that you can retire with just a couple of coins.
and maybe the price willl stable at $1000 above
everything can happen dude
Lol thats a difficult question because the coin doesn't have a stable value you know. Maybe he's
not even 1 dollar in about 20 years. But maybe he's that high after 2 years that you can retire with just a couple of coins.
not even 1 dollar in about 20 years. But maybe he's that high after 2 years that you can retire with just a couple of coins.
This ain't a difficult question though, you can just suggest some amount of bitcoins that you think that can sustain your whole needs and life for about 20 years in the long run. Even the bitcoin doesn't have stable value still converted to dollar it is still a big amount.
Lol thats a difficult question because the coin doesn't have a stable value you know. Maybe he's
not even 1 dollar in about 20 years. But maybe he's that high after 2 years that you can retire with just a couple of coins.
No that is just simple, because if you believe that the value of bitcoins is appreciate in the future, the only thing you should do is to predict the price in 20 years. Now, if you believe that the price will be $100,000 for 1 BTC then I think that would be enough. not even 1 dollar in about 20 years. But maybe he's that high after 2 years that you can retire with just a couple of coins.
Lol thats a difficult question because the coin doesn't have a stable value you know. Maybe he's
not even 1 dollar in about 20 years. But maybe he's that high after 2 years that you can retire with just a couple of coins.
not even 1 dollar in about 20 years. But maybe he's that high after 2 years that you can retire with just a couple of coins.
The bad thing of Bitcoin is that nobody will know what is going to happen with Bitcoin and that is the problem because you have to take some risks also with Bitcoin and that is bad.
But the most are also hoping that the value will be more worth and that should be nice.
But the most are also hoping that the value will be more worth and that should be nice.
Many of people who know what Bitcoin is, at least to some extent, say Bitcoin will be over $10,000 in 20 years. I think they are not far from the reality so you'll need 100 BTC or 200 BTC depending on your appetites.
If it reaches to $10k in future then I think 100 btc would be more then enough for me to have luxury life, but I don't think bitcoin will have that high value.
Many of people who know what Bitcoin is, at least to some extent, say Bitcoin will be over $10,000 in 20 years. I think they are not far from the reality so you'll need 100 BTC or 200 BTC depending on your appetites.
If it reaches to $10k in future then I think 100 btc would be more then enough for me to have luxury life, but I don't think bitcoin will have that high value.
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