How many bitcoins do I need to retire in 20 years? - page 57.

nostal02

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Quote from: Farma on April 16, 2016, 11:27:49 PM

Quote from: GamingBro on April 16, 2016, 09:22:12 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.

Well, it all depends on the time. because at the time it was definitely very much a changing economy. maybe this time you just need to collect bitcoin as much. because if it costs more than $1,000 that will make you rich

20 years is still a long way to go and you are right the economy will be changing and the price of bitcoin will also change so its good to have as much as you can and just wait for 20 years and see what will be the price there.

Farma

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Quote from: GamingBro on April 16, 2016, 09:22:12 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.

Well, it all depends on the time. because at the time it was definitely very much a changing economy. maybe this time you just need to collect bitcoin as much. because if it costs more than $1,000 that will make you rich

GamingBro

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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.

terman45x

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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.

znickelbackz

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Quote from: landoadog on April 16, 2016, 12:10:43 PM

Quote from: Lokfar on April 16, 2016, 11:43:56 AM

Quote from: geopolisch on April 16, 2016, 04:06:14 AM

Quote from: AsaroUk on April 13, 2016, 04:54:24 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.

Since there is no stability in the price of bitcoin,you cannot peridict whats going to happen in next few years even. Even if is difficult to predict the price after few months also.

Correct nobody is able to predict the course of bitcoin. However at the moment i feel the price will go over 3k in 20 years. If you take that in account
it is possible to determine your pension fund by simple calculation.

If that would happen then i think i should also start a retirement plan so that i will be able to live a good life whenever i decided to retire young.

you should be around 40 years old after 20 years and that can't be considered young at that age, but it's quite young to retire. but it's something sounds like too good to be true.

landoadog

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Quote from: Lokfar on April 16, 2016, 11:43:56 AM

Quote from: geopolisch on April 16, 2016, 04:06:14 AM

Quote from: AsaroUk on April 13, 2016, 04:54:24 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.

Since there is no stability in the price of bitcoin,you cannot peridict whats going to happen in next few years even. Even if is difficult to predict the price after few months also.

Correct nobody is able to predict the course of bitcoin. However at the moment i feel the price will go over 3k in 20 years. If you take that in account
it is possible to determine your pension fund by simple calculation.

If that would happen then i think i should also start a retirement plan so that i will be able to live a good life whenever i decided to retire young.

Lokfar

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Quote from: geopolisch on April 16, 2016, 04:06:14 AM

Quote from: AsaroUk on April 13, 2016, 04:54:24 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.

Since there is no stability in the price of bitcoin,you cannot peridict whats going to happen in next few years even. Even if is difficult to predict the price after few months also.

Correct nobody is able to predict the course of bitcoin. However at the moment i feel the price will go over 3k in 20 years. If you take that in account
it is possible to determine your pension fund by simple calculation.

romero121

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Quote from: richjohn on April 16, 2016, 01:58:47 AM

Just don't depend on bitcoin because it has the possibility to devalue soon. Just retire as long as you already tired in work.

Anything might happen with bitcoin, but when it comes to its survival one can without discussing with others can trust it. Because if its to fail, in a very short term of seven years it had not got these many users.

geopolisch

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no , bitcoins will not retire.

richjohn

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Just don't depend on bitcoin because it has the possibility to devalue soon. Just retire as long as you already tired in work.

Mr. Big

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Quote from: rababo on April 16, 2016, 01:29:00 AM

Don't think you can safely retire with bitcoin. It's not a stable currency, so in future you don't know what it will be like.
You are gambling with your future if you were totally to rely on it for security.

No one knows, but to be sure, better invest in real life investments like houses, real estate lots and insurances..your bitcoin should be considered as a spare money and not your main retirement fund...

rababo

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Don't think you can safely retire with bitcoin. It's not a stable currency, so in future you don't know what it will be like.
You are gambling with your future if you were totally to rely on it for security.

DeDordtenaar

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Quote from: azguard on April 15, 2016, 07:42:04 AM

Quote from: AsaroUk on April 13, 2016, 04:54:24 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

You can not just say collect as much as you can because with it you will not have goals and targets in earnings.
targets that will make you accomplish in 20 years. and calculate how many bitcoin per week do you need to reach your target

xht

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hey you, yeah you, fuck you!!!

it's complicated, it depend how much you want to spend your retirement fund, how much do you believe in bitcoin. if you had 1,000,000 dollars now you want spend all for bitcoin?

nielaminda

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Quote from: azguard on April 15, 2016, 07:42:04 AM

Quote from: AsaroUk on April 13, 2016, 04:54:24 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.

azguard

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Quote from: AsaroUk on April 13, 2016, 04:54:24 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

AsaroUk

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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.

mrhelpful

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Quote from: trinaldao on April 10, 2016, 10:39:47 PM

if bitcoin reach $100M price you need only 1bitcoin Roll Eyes

but i suggest you to save as much as posible maybe 1kbtc...?

By the time that happens I`m in my tombstone.

And the btc saved is probably lost by a family member not able to understand the value if it was passed.

trinaldao

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if bitcoin reach $100M price you need only 1bitcoin Roll Eyes

but i suggest you to save as much as posible maybe 1kbtc...?

Ulloa

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Quote from: bit1 on April 10, 2016, 12:43:21 PM

Quote from: Viyamore on April 09, 2016, 07:41:28 PM

Well, as much as possible i will not retire on that time it's too early to retire,but if my answer goes to the wuestion i will retire and need 10,000 btc .much more if i can make much higher or the last amounts that i have.

The future is uncertain but still with that amount really very few people might "retire" with that amount what I mean is that maybe not as many as you think are needed, I say only if their use is much higher in the future what it is now.

Yes nobody knows or will know the exact price of bitcoin in 20 years but for sure you will need at least a 100 to match a 100k retirement fund.
I for one will try to accumulate as many bitcoins and build some savings account to make sure i live a good retirement.

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