How many bitcoins do I need to retire in 20 years? - page 56.

uname

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Quote from: uncaer9 on April 18, 2016, 02:43:39 AM

Quote from: CryptoBjorn on April 18, 2016, 02:37:57 AM

It is going to depend on wat the Bitcoin price will be over 20 years. So if you have 100 Bitcoins and the price is $2000 for example then you will have $200,000. So you cannot predict how much Bitcoins you need over 20 years.

also it's depend about how your life, are you life with simple or fancy.
also depend about where are you live, in asia, europe, american etc. each place have diffirent cost too.

yeah well it depends on your region the need or the money you needed to be smaller when you're in Asia or a small country.
if you have the money $ 50k. you've been able to live comfortably in my country

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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.

richmcrich

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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.

alisafidel58

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Quote from: uncaer9 on April 18, 2016, 02:43:39 AM

Quote from: CryptoBjorn on April 18, 2016, 02:37:57 AM

It is going to depend on wat the Bitcoin price will be over 20 years. So if you have 100 Bitcoins and the price is $2000 for example then you will have $200,000. So you cannot predict how much Bitcoins you need over 20 years.

also it's depend about how your life, are you life with simple or fancy.
also depend about where are you live, in asia, europe, american etc. each place have diffirent cost too.

Yeah so i think that if a person just want to live a simple life then maybe about 10-30 bitcoins would fit the life that he needs as there will be not much cost he is going to make in a simple life.

uncaer9

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Quote from: CryptoBjorn on April 18, 2016, 02:37:57 AM

It is going to depend on wat the Bitcoin price will be over 20 years. So if you have 100 Bitcoins and the price is $2000 for example then you will have $200,000. So you cannot predict how much Bitcoins you need over 20 years.

also it's depend about how your life, are you life with simple or fancy.
also depend about where are you live, in asia, europe, american etc. each place have diffirent cost too.

CryptoBjorn

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It is going to depend on wat the Bitcoin price will be over 20 years. So if you have 100 Bitcoins and the price is $2000 for example then you will have $200,000. So you cannot predict how much Bitcoins you need over 20 years.

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Quote from: Barbut on April 17, 2016, 08:31:53 PM

For retirement, one man with family, needs around 500 000 $. Now that is around 1000 + bitcoins, so I think you can buy around 300+ btc and you will have enough money for you and your family until the end of your days.
I wish something like that for myself. Just I cant buy that much coins. I will have to earn them or gamble that amount. Good luck to you and too me also.

you can start saving bitcoin now for your retire, you can save arround 0.1/month im sure it's enough for your retirement day Roll Eyes

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Quote from: Barbut on April 17, 2016, 08:31:53 PM

For retirement, one man with family, needs around 500 000 $. Now that is around 1000 + bitcoins, so I think you can buy around 300+ btc and you will have enough money for you and your family until the end of your days.
I wish something like that for myself. Just I cant buy that much coins. I will have to earn them or gamble that amount. Good luck to you and too me also.

That is if the bitcoin price retain at this level, but we must think of the worst case scenario that could happen after 20 years... say the price drops because a new coin was developed with much greater feature than bitcoin or the support of its user was lessen..You will need more bitcoin with that...So the best plan is to save few bitcoin and the rest, save it as fiat savings..

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For retirement, one man with family, needs around 500 000 $. Now that is around 1000 + bitcoins, so I think you can buy around 300+ btc and you will have enough money for you and your family until the end of your days.
I wish something like that for myself. Just I cant buy that much coins. I will have to earn them or gamble that amount. Good luck to you and too me also.

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Quote from: co5hike on April 17, 2016, 12:38:11 PM

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.

Yeah and thinking of 20 years would be the waste of time, its better we keep on earning from it since it is alive and popular as anything is possible with bitcoin in future.

yes but we have to think for future the reason If our present is good and we are enjoying always not saving money then It wouldn't be always in future so we should be earn and save money, when we need money we can expense from here.

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Quote from: lister storm on April 17, 2016, 02:17:38 PM

Quote from: Dolmater on April 17, 2016, 01:48:43 PM

Quote from: co5hike on April 17, 2016, 12:38:11 PM

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.

Yeah and thinking of 20 years would be the waste of time, its better we keep on earning from it since it is alive and popular as anything is possible with bitcoin in future.

In 20 years, the price will be around $100,000. So you need about 20 bitcoin to live happily, no worry about money at all.

thats a lot of good ideas i must admit though im not so confident about the price of the bitcoin and i dont know if it will grow that much in the future thoguh its always good to be optimistic

hopefully it will be enough to have at least 100 bitcoins in order to retire then, though unfortunately i dont have that much bitcoins right now so i will not be able to retire after 20 years

Even if you think of the worst price and worst scenario of bitcoin then also I think that 100 bitcoin would be more then enough to take care of our good retirement life.

omahapoker

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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.

lister storm

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Quote from: Dolmater on April 17, 2016, 01:48:43 PM

Quote from: co5hike on April 17, 2016, 12:38:11 PM

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.

Yeah and thinking of 20 years would be the waste of time, its better we keep on earning from it since it is alive and popular as anything is possible with bitcoin in future.

In 20 years, the price will be around $100,000. So you need about 20 bitcoin to live happily, no worry about money at all.

thats a lot of good ideas i must admit though im not so confident about the price of the bitcoin and i dont know if it will grow that much in the future thoguh its always good to be optimistic

hopefully it will be enough to have at least 100 bitcoins in order to retire then, though unfortunately i dont have that much bitcoins right now so i will not be able to retire after 20 years

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Quote from: Dolmater on April 17, 2016, 01:48:43 PM

Quote from: co5hike on April 17, 2016, 12:38:11 PM

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.

Yeah and thinking of 20 years would be the waste of time, its better we keep on earning from it since it is alive and popular as anything is possible with bitcoin in future.

In 20 years, the price will be around $100,000. So you need about 20 bitcoin to live happily, no worry about money at all.

That is unrealistic value to think and achieve as that is impossible to achieve, and I really don't think that bitcoin will survive that long.

Dolmater

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Quote from: co5hike on April 17, 2016, 12:38:11 PM

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.

Yeah and thinking of 20 years would be the waste of time, its better we keep on earning from it since it is alive and popular as anything is possible with bitcoin in future.

In 20 years, the price will be around $100,000. So you need about 20 bitcoin to live happily, no worry about money at all.

co5hike

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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.

Yeah and thinking of 20 years would be the waste of time, its better we keep on earning from it since it is alive and popular as anything is possible with bitcoin in future.

xIIImaL

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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.

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Quote from: Arghhh on April 28, 2014, 07:03:22 PM

Quote from: kireinaha on April 28, 2014, 05:44:03 PM

If you want to live comfortably in retirement, bitcoins are the wrong place to look. Check the history. They've been going down in value all year!

Invest in FacebookCoin or whatever it's going to be called, or maybe just invest in a low cost index fund (since you're talking 20 years down the road).

FacebookCoin? What are you smoking?

Maybe he meant stocks or something? Alts coins for retirement would be more of a risk than btc for retirement.

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Quote from: terman45x on April 16, 2016, 11:31:09 AM

No idea what should be the exact amount should to hold, but its always better to hold some more coins as even if the price doesn't reach to the moon it can take care of us.

should be good with 100 btc. This mostly depends on what bitcoin will be worth in 20 years.

draceus

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Quote from: nielaminda on April 15, 2016, 07:50:51 AM

Quote from: azguard on April 15, 2016, 06:42:04 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.

try collect as much as you can
the more you have the better will be for you

Yeah the more bitcoin we can acquire right now the more it will benefit us in the future and we know that the price of bitcoin is going upwards in the next few years.

I agree with you friend when I think about the future what happen in our life don,t know everybody but everybody know about future will need money when will come some problem and that time maybe 80 bitcoin is good for all people when retire time

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