How many bitcoins do I need to retire in 20 years? - page 61.

romero121

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Quote from: Sled on March 31, 2016, 05:23:08 PM

For me 50BTC is enough for me to retire i might can buy a house an lot with 1BTC in the future.
With its value skyrocketing to $1000 in 2013 surely its value could rise to tens of dollars.

If its possible to buy a house with single bitcoin surely its unrealistic and this will never happen even if 20 or 30years pass.

malphite

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Quote from: andycarrol on April 01, 2016, 12:41:24 PM

Quote from: dragonusa9 on April 01, 2016, 12:28:48 PM

Quote from: benmartin613 on April 01, 2016, 05:39:34 AM

Quote from: CryingMidget on April 01, 2016, 05:15:50 AM

Quote from: Kartikay on April 01, 2016, 04:47:10 AM

Doing so is not a good idea at all. You can not predict its price 20 years from now.It is very volatile in nature
It is safe to keep less uᴉoɔʇᴉq say 2-3 BTC.

If I was to retire, and have BTC fund in my retirement, I would have at least 20 BTC. I take the price of a uᴉoɔʇᴉq into consideration too, just in case it decides to not reach as high as before.

20 uᴉoɔʇᴉq is a nice retirement fund to get and it will be a high price by then maybe around 1-2k per uᴉoɔʇᴉq.

i dont think that price will be around 1~2K, it's just very rare case
i think it's usually 400~700, so 100 coins is more than enough for some cozy and small house

we have to think when the price of uᴉoɔʇᴉq in 20 years remained at about $500. therefore we need more than 1k uᴉoɔʇᴉq.
so when the price really is low, you do not worry because you are preparing for uᴉoɔʇᴉq in big amount.

I`d probably settle for more then 1k.

I probably would need minimum 1,400 coins to really retire after buying a house.

And life expense after, for however long it last..

West man

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You should say a number of bitcoin you think you would need to retire and multiply it by 2.5x so you know you will have enough as insurance or as backup to have if an emergency happens. Or enough to live comfortably without having to worry on where to get more if needed.

Wendigo

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This rough estimate of how many Bitcoins you would need for your retirement fund depends on your lifestyle and living expenses and what the price of Bitcoin would be when you actually retire. If you lead a lavish lifestyle and the Bitcoin price has not satisfactorily risen you would need a lot more coins to meet your daily living standard. On the contrary if you are a modest person and the price has increased substantially you would need a lot less coins to have a very happy life. So if we assume the price would be $10 000 per Bitcoin everyone can make an estimate for themselves Wink

andycarrol

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Quote from: dragonusa9 on April 01, 2016, 12:28:48 PM

Quote from: benmartin613 on April 01, 2016, 05:39:34 AM

Quote from: CryingMidget on April 01, 2016, 05:15:50 AM

Quote from: Kartikay on April 01, 2016, 04:47:10 AM

Doing so is not a good idea at all. You can not predict its price 20 years from now.It is very volatile in nature
It is safe to keep less uᴉoɔʇᴉq say 2-3 BTC.

If I was to retire, and have BTC fund in my retirement, I would have at least 20 BTC. I take the price of a uᴉoɔʇᴉq into consideration too, just in case it decides to not reach as high as before.

20 uᴉoɔʇᴉq is a nice retirement fund to get and it will be a high price by then maybe around 1-2k per uᴉoɔʇᴉq.

i dont think that price will be around 1~2K, it's just very rare case
i think it's usually 400~700, so 100 coins is more than enough for some cozy and small house

we have to think when the price of bitcoin in 20 years remained at about $500. therefore we need more than 1k bitcoin.
so when the price really is low, you do not worry because you are preparing for bitcoin in big amount.

dragonusa9

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Quote from: benmartin613 on April 01, 2016, 05:39:34 AM

Quote from: CryingMidget on April 01, 2016, 05:15:50 AM

Quote from: Kartikay on April 01, 2016, 04:47:10 AM

Doing so is not a good idea at all. You can not predict its price 20 years from now.It is very volatile in nature
It is safe to keep less uᴉoɔʇᴉq say 2-3 BTC.

If I was to retire, and have BTC fund in my retirement, I would have at least 20 BTC. I take the price of a uᴉoɔʇᴉq into consideration too, just in case it decides to not reach as high as before.

20 uᴉoɔʇᴉq is a nice retirement fund to get and it will be a high price by then maybe around 1-2k per uᴉoɔʇᴉq.

i dont think that price will be around 1~2K, it's just very rare case
i think it's usually 400~700, so 100 coins is more than enough for some cozy and small house

Ulloa

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Quote from: benmartin613 on April 01, 2016, 05:39:34 AM

Quote from: CryingMidget on April 01, 2016, 05:15:50 AM

Quote from: Kartikay on April 01, 2016, 04:47:10 AM

Doing so is not a good idea at all. You can not predict its price 20 years from now.It is very volatile in nature
It is safe to keep less uᴉoɔʇᴉq say 2-3 BTC.

If I was to retire, and have BTC fund in my retirement, I would have at least 20 BTC. I take the price of a uᴉoɔʇᴉq into consideration too, just in case it decides to not reach as high as before.

20 bitcoin is a nice retirement fund to get and it will be a high price by then maybe around 1-2k per bitcoin.

You will need a lot of Bitcoin, because you never know what the value will be and that is the problem, it is impossible to predict the value of Bitcoin.
But I think that you need some around 100 Bitcoin later in the future if you want to retire 20 years.

Zaun

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Forza Roma

You would need a lot of bitcoins to do this, I think a part is also not to predict these days because the fact is that from now on the bitcoin itself is not to predict.
It would take some time till we can and than its a sort of possible to calculate the bitcoins you will need to retire in 20 years.
Right now no one can give you numbers from that if I'm honest.

benmartin613

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Quote from: CryingMidget on April 01, 2016, 05:15:50 AM

Quote from: Kartikay on April 01, 2016, 04:47:10 AM

Doing so is not a good idea at all. You can not predict its price 20 years from now.It is very volatile in nature
It is safe to keep less uᴉoɔʇᴉq say 2-3 BTC.

If I was to retire, and have BTC fund in my retirement, I would have at least 20 BTC. I take the price of a uᴉoɔʇᴉq into consideration too, just in case it decides to not reach as high as before.

20 bitcoin is a nice retirement fund to get and it will be a high price by then maybe around 1-2k per bitcoin.

CryingMidget

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Quote from: Kartikay on April 01, 2016, 04:47:10 AM

Doing so is not a good idea at all. You can not predict its price 20 years from now.It is very volatile in nature
It is safe to keep less uᴉoɔʇᴉq say 2-3 BTC.

If I was to retire, and have BTC fund in my retirement, I would have at least 20 BTC. I take the price of a uᴉoɔʇᴉq into consideration too, just in case it decides to not reach as high as before.

Denker

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Quote from: Sled on March 31, 2016, 05:23:08 PM

For me 50BTC is enough for me to retire i might can buy a house an lot with 1BTC in the future.
With its value skyrocketing to $1000 in 2013 surely its value could rise to tens of dollars.

So you expect Bitcoin could be worth hundred thousands of dollars in the far future when you say 1BTC might buy you a house.
I say that everything is possible.It might be worth a lot or also could have disappeared and been replaced by something else.
50 BTC is a nice stash. If you already own that much just store it safe and watch the years go by.

Kartikay

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Doing so is not a good idea at all. You can not predict its price 20 years from now.It is very volatile in nature
It is safe to keep less bitcoin say 2-3 BTC.

Mr. Big

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Quote from: Sled on March 31, 2016, 05:23:08 PM

For me 50BTC is enough for me to retire i might can buy a house an lot with 1BTC in the future.
With its value skyrocketing to $1000 in 2013 surely its value could rise to tens of dollars.

As they said "hope for the best, expect the worst".. I might keep few bitcoin til retirement, but we should not rely our retirement on it, what if the price drops very low..better save fiat in insurances and savings as a retirement fund..

7788bitcoin

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Quote from: Devesh on March 31, 2016, 05:49:36 PM

Quote from: luciann on March 31, 2016, 05:35:47 PM

Quote from: Sled on March 31, 2016, 05:23:08 PM

For me 50BTC is enough for me to retire i might can buy a house an lot with 1BTC in the future.
With its value skyrocketing to $1000 in 2013 surely its value could rise to tens of dollars.

If we hit the value mark of still staying at $400 per coin in 20 years.

Thats only $20k in the bank.. you`d have to pick up a job friend lol.

200BTC seems good to me, it may have a value of a half a million in 20 years if the value of bitcoin rise higher than $1000.

I can buy everything with that money and to give to my siblings and friends to promote bitcoin to them.

Using the rule of 72 and an inflation of 3% (very conservative), the value of $400 will become $800 in 20 years. If the value of BTC stay at $2500/BTC in 20 years, the increase in value is only about 3 times- I think this growth is almost equal to stagnant.

Devesh

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Quote from: luciann on March 31, 2016, 05:35:47 PM

Quote from: Sled on March 31, 2016, 05:23:08 PM

For me 50BTC is enough for me to retire i might can buy a house an lot with 1BTC in the future.
With its value skyrocketing to $1000 in 2013 surely its value could rise to tens of dollars.

If we hit the value mark of still staying at $400 per coin in 20 years.

Thats only $20k in the bank.. you`d have to pick up a job friend lol.

200BTC seems good to me, it may have a value of a half a million in 20 years if the value of bitcoin rise higher than $1000.

I can buy everything with that money and to give to my siblings and friends to promote bitcoin to them.

luciann

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Quote from: Sled on March 31, 2016, 05:23:08 PM

For me 50BTC is enough for me to retire i might can buy a house an lot with 1BTC in the future.
With its value skyrocketing to $1000 in 2013 surely its value could rise to tens of dollars.

If we hit the value mark of still staying at $400 per coin in 20 years.

Thats only $20k in the bank.. you`d have to pick up a job friend lol.

Sled

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Bitcoin- in bullish time

For me 50BTC is enough for me to retire i might can buy a house an lot with 1BTC in the future.
With its value skyrocketing to $1000 in 2013 surely its value could rise to tens of dollars.

rally

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Quote from: MGM on March 31, 2016, 03:15:06 PM

You should be able to retire on 1000 BTC since it's value raises 20-100% every year

Oh that is very much. Not many people will ever have so much bitcoin i think.

lissandra

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Quote from: AsaroUk on March 29, 2016, 10:03:02 AM

Quote from: blackmachinegun on March 29, 2016, 07:22:03 AM

Quote from: romero121 on March 27, 2016, 02:48:12 AM

Quote from: Dux2K on March 25, 2016, 05:07:38 PM

I would like to have at least 100 coins cuz i think it will be enough

Earning 100 bitcoin in a 20years time is really simple. At the same time when one earns few bitcoin the remaining grows automatically.

I think it all depends on the rate and bitcoin price at the time. 20 years to come? like what the state of the current bitcoin? whether advancing or disappear?
if bitcoin prices are very high. 100 BTC would be enough

You must need more than 100 BTC because you never know what will happen with the value of Bitcoin, how many do you need if the value is really low later in the future.
So it is of course hard to predict how many you need to retire in 20 years, but I think for sure, you will need a lot of coins.

That quote right there, will be the constant struggle for everyone lol.

Not knowing the value either go up or down, so our job focus is to produce or obtain as much bitcoin as possible is a ridiculous scenario to put yourself in.

MGM

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You should be able to retire on 1000 BTC since it's value raises 20-100% every year

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