How many bitcoins do I need to retire in 20 years? - page 55.

avw1982

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Quote from: elobizph on May 01, 2016, 12:08:44 PM

I think 10 btc with $3000 value per 1 btc is enough for my retirement I can buy my own house and live a happy life without worrying about the money.

Apart from these, Advancements in technology will be so quick and unpredictable by that time that thinking Bitcoin will be around for sure is a foolish thought. It could, but betting your retirement on it is surely not advisable.

elobizph

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I think 10 btc with $3000 value per 1 btc is enough for my retirement I can buy my own house and live a happy life without worrying about the money.

n0ne

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Quote from: upsidedown75 on May 01, 2016, 10:21:19 AM

Quote from: anthonydar on April 30, 2016, 05:11:44 AM

Quote from: xIIImaL on April 17, 2016, 12:26:32 PM

Quote from: GamingBro on April 16, 2016, 08:22:12 PM

It depends on you really, if you are wasting 1000$ per day you will need a huge amount of bitcoins. You are using 10$ per day, ok you need in 100 times less bitcoins.

It may be that bitcoins do not hold any value after 20 years. Bitcoins are not a reliable currency currently and it has been here for very less time compared to other currencies but the future of bitcoin is not predictable. Soon it may be replaced by another currency.

That is right. If the bitcoin price does not change more than 1-2% a day, similar to other major currency, then many people will use it.

We have to believe on bitcoin, it will survive and for its survival it just need our support if we give strength to it and adopted bitcoin for our normal uses etc then bitcoin will have a good future and will never scam us.

That's a better suggestion to make bitcoin long live. It would never go as a scam as every user here have the hope that it survives long. If you have capital try to buy as much for the retirement after 20years because when days count the price too counts.

bryant.coleman

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You have to take in to account the decrease in purchase power of the fiat as well. During the past 100 years, the purchasing power of the United States Dollar has declined by 33 times. That means that even if the BTC/USD exchange rates increases by 10 times or even 20 times, your net purchasing power will remain almost the same.

tn211

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Quote from: Apened on May 01, 2016, 07:14:56 AM

Quote from: wildan88 on May 01, 2016, 06:11:53 AM

Quote from: KingdomHearts on May 01, 2016, 06:01:20 AM

It totally depend on the strength of the bitcoin if the bitcoin remain strong as it is now then he should have about more than 100 bitcoins and if the value of bitcoin will not come to a high value and the price started to drop down then he should need a million of bitcoins.

100 bitcoin is a good amount, because we do not know, will be in the range of what the price in 20 years.

In 20 years, the price of bitcioin will be at least $100,000. So 100 bitcoin will make that $10 million.

LOL that is some crazy speculation, and the biggest lie i heard today. The price will grow i expect but by far not so large as 1 million.
My cap is that the price would go around the 4k mark.

23dzmaz

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Quote from: Apened on May 01, 2016, 07:14:56 AM

Quote from: wildan88 on May 01, 2016, 06:11:53 AM

Quote from: KingdomHearts on May 01, 2016, 06:01:20 AM

It totally depend on the strength of the bitcoin if the bitcoin remain strong as it is now then he should have about more than 100 bitcoins and if the value of bitcoin will not come to a high value and the price started to drop down then he should need a million of bitcoins.

100 bitcoin is a good amount, because we do not know, will be in the range of what the price in 20 years.

In 20 years, the price of bitcioin will be at least $100,000. So 100 bitcoin will make that $10 million.

LOL, are you sure ? no one know what happen to bitcoin in the next 20 years. But i hope you are right about that and i think you need more than 100 bitcoins to retire in 20 years.

upsidedown75

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Quote from: anthonydar on April 30, 2016, 05:11:44 AM

Quote from: xIIImaL on April 17, 2016, 12:26:32 PM

Quote from: GamingBro on April 16, 2016, 08:22:12 PM

It depends on you really, if you are wasting 1000$ per day you will need a huge amount of bitcoins. You are using 10$ per day, ok you need in 100 times less bitcoins.

It may be that bitcoins do not hold any value after 20 years. Bitcoins are not a reliable currency currently and it has been here for very less time compared to other currencies but the future of bitcoin is not predictable. Soon it may be replaced by another currency.

That is right. If the bitcoin price does not change more than 1-2% a day, similar to other major currency, then many people will use it.

We have to believe on bitcoin, it will survive and for its survival it just need our support if we give strength to it and adopted bitcoin for our normal uses etc then bitcoin will have a good future and will never scam us.

dsyahputera

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Quote from: durrrr on April 28, 2014, 12:28:24 PM

Quote from: Tron on April 28, 2014, 12:17:29 PM

To be safe, get two Bitcoins.

lol i agree with this. in 20 years 2 bitcoin may be worth 2,000,000$ and to me a 2m retirement fund would last if you plan on retiring at 60 and living untill 75 or whatever. specially if you have another income coming in still from ssi or whatever it may be

safe side get 5

That is not easy. Just imagine if in the first year of your retirement the Bitcoin price will be $700. If you have 5 BTC that same as $3500. I guess you will spend this $3500 in the first year. The next year you will do not have anything.

Apened

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Quote from: wildan88 on May 01, 2016, 06:11:53 AM

Quote from: KingdomHearts on May 01, 2016, 06:01:20 AM

It totally depend on the strength of the bitcoin if the bitcoin remain strong as it is now then he should have about more than 100 bitcoins and if the value of bitcoin will not come to a high value and the price started to drop down then he should need a million of bitcoins.

100 bitcoin is a good amount, because we do not know, will be in the range of what the price in 20 years.

In 20 years, the price of bitcioin will be at least $100,000. So 100 bitcoin will make that $10 million.

wildan88

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Quote from: KingdomHearts on May 01, 2016, 06:01:20 AM

It totally depend on the strength of the bitcoin if the bitcoin remain strong as it is now then he should have about more than 100 bitcoins and if the value of bitcoin will not come to a high value and the price started to drop down then he should need a million of bitcoins.

100 bitcoin is a good amount, because we do not know, will be in the range of what the price in 20 years.

KingdomHearts

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It totally depend on the strength of the bitcoin if the bitcoin remain strong as it is now then he should have about more than 100 bitcoins and if the value of bitcoin will not come to a high value and the price started to drop down then he should need a million of bitcoins.

romero121

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Quote from: Jasad on April 30, 2016, 11:33:22 AM

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?

its same as predict your future in 20 years later,of course its hard to answer how much you should have bitcoin for retire in 20 years,bitcoin alwyas have fluctuate price,this is why i or some people can predict how much bitcoin for retire in 20 years.

Yeah as the bitcoin continues to fluctuate nothing can be predicted precisely. In my opinion its good to earn as much possible and in 20 years time you will have certain number of bitcoin. Try yourself to be comfort with those bitcoin.

Jasad

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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?

its same as predict your future in 20 years later,of course its hard to answer how much you should have bitcoin for retire in 20 years,bitcoin alwyas have fluctuate price,this is why i or some people can predict how much bitcoin for retire in 20 years.

randy8777

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Quote from: azguard on April 30, 2016, 07:21:58 AM

if you consider btc as retirement fund then you will need more then 100 or more if you consider this as some other thing then the more you can gather

100btc is a very decent retirement amount to have. especially when the price keeps rising in the coming 20-30 years, assuming bitcoin still exists by that time. if the price goes up x10 from the current price then you'll have $450,000 to add on top of your normal retirement money. for the majority of the people here that is more than enough to live from their entire life once they retire.

silentkiller

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1000 btc thats the amount of btc i need to have a happy life after retirement,, my wife, kids and even my grandchildren, and grand grand children will benefit on that amount,,cause i dont want to leave this world seeing them hopeless and nothing.

azguard

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if you consider btc as retirement fund then you will need more then 100 or more if you consider this as some other thing then the more you can gather

anthonydar

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Quote from: xIIImaL on April 17, 2016, 12:26:32 PM

Quote from: GamingBro on April 16, 2016, 08:22:12 PM

It depends on you really, if you are wasting 1000$ per day you will need a huge amount of bitcoins. You are using 10$ per day, ok you need in 100 times less bitcoins.

It may be that bitcoins do not hold any value after 20 years. Bitcoins are not a reliable currency currently and it has been here for very less time compared to other currencies but the future of bitcoin is not predictable. Soon it may be replaced by another currency.

That is right. If the bitcoin price does not change more than 1-2% a day, similar to other major currency, then many people will use it.

blackmachinegun

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Quote from: omahapoker on April 17, 2016, 02:21:45 PM

20 years is a long number... OP's answer would depend on 2 major factors:

- How much fiat does he need to retire and live comfortable life in your country?
- What is YOUR belief of Bitcoin's future and price speculation?
Your retirement fund is a static amount, but BTC price is a dynamic one.

agree with you because of the need and cost of living in a country is different. you could spend more than $ 100 for the purchase of uses in just one day if you live in a big city in the USA. This is different if you in my country. you can use the $ 100 for 3-4 weeks to buy many purposes. so it depends on the circumstances around you

maxj57634

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Quote from: Amph on April 18, 2016, 05:25:14 AM

Quote from: Vaskiy on April 18, 2016, 03:52:00 AM

Quote from: richmcrich on April 18, 2016, 03:33:02 AM

Quote from: AsaroUk on April 13, 2016, 03:54:24 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.

Yes only depends upon the value of Bitcoin after 20 years.
Since the price goes up and down with very fast fluctuations, it is nearly impossible to predict now itself.
But roughly I want to predict just half (o.5) bitcoin is more than enough to retire in 20 years.

.
No 0.5 btc is not enough to retire in 20 years. I think a minimum of 10 bitcoin and a maximum of 30 bitcoin is needed because we can't predict the price of bitcoin in 20 years.

i don't think there is a personal minimum or maximun, just accumulate as much as you can in this time frame where bitcoin is still relatively easy to get

I agree and when the time comes for your retirement you will be surprised that the bitcoin that you can accumulate have increase its value if you look back 20 years before you retire.

Amph

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Quote from: Vaskiy on April 18, 2016, 03:52:00 AM

Quote from: richmcrich on April 18, 2016, 03:33:02 AM

Quote from: AsaroUk on April 13, 2016, 03:54:24 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.

Yes only depends upon the value of Bitcoin after 20 years.
Since the price goes up and down with very fast fluctuations, it is nearly impossible to predict now itself.
But roughly I want to predict just half (o.5) bitcoin is more than enough to retire in 20 years.

.
No 0.5 btc is not enough to retire in 20 years. I think a minimum of 10 bitcoin and a maximum of 30 bitcoin is needed because we can't predict the price of bitcoin in 20 years.

i don't think there is a personal minimum or maximun, just accumulate as much as you can in this time frame where bitcoin is still relatively easy to get

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