How many bitcoins do I need to retire in 20 years? - page 62.

BitcoinPaw

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Quote from: 2double0 on March 31, 2016, 03:06:21 AM

Quote from: knowhow on March 28, 2016, 09:18:32 AM

Well the concept of bitcoin of reduce reward is to force bitcoin to go up,there is no sure that will happen,soo well holding any ammount now and dont sell at the first jump ,may turn into a retirement opportunity in around 5 -10 years,something you would need to wait or 25 years or 35 years to get retired.

not necessarily, as people can retire with even 10 bitcoins and it is for sure that bitcoins will reach $10000 a day soon, so it does not have to be anything with the concept but the acceptance that how many people get engaged with this.

I think if you will wait for it you will retire in 20 + 20 years. Maybe our sons will get our coins and will retire just after they born. bullshit.

2double0

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Quote from: knowhow on March 28, 2016, 09:18:32 AM

Well the concept of bitcoin of reduce reward is to force bitcoin to go up,there is no sure that will happen,soo well holding any ammount now and dont sell at the first jump ,may turn into a retirement opportunity in around 5 -10 years,something you would need to wait or 25 years or 35 years to get retired.

not necessarily, as people can retire with even 10 bitcoins and it is for sure that bitcoins will reach $10000 a day soon, so it does not have to be anything with the concept but the acceptance that how many people get engaged with this.

trinaldao

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Quote from: azguard on March 28, 2016, 10:32:54 AM

Quote from: trinaldao on March 28, 2016, 09:42:20 AM

Quote from: knowhow on March 28, 2016, 09:18:32 AM

Well the concept of bitcoin of reduce reward is to force bitcoin to go up,there is no sure that will happen,soo well holding any ammount now and dont sell at the first jump ,may turn into a retirement opportunity in around 5 -10 years,something you would need to wait or 25 years or 35 years to get retired.

the halving is make bitcoin unique, with halving make bitcoin more rare, also this is make bitcoin price rising each year.....

true more halving more rare it is and for that more it will be value so just keep it Grin

so in the end of halving we can reach $20.000 ... ? Grin

after bitcoin can't mineable and all people use it, im sure the value of bitcoin will be rise

STT

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If we imagine every person who uses bitcoin has 100 in 20 years, it would only be 210,000 people. Not very many and so not very successful and if thats the case I doubt the price will be higher then now so 100 coin will be about 50 thousand dollars or less and really not enough to retire on. The only logical conclusion is that 20 coins or less will be more then enough, that'd be over 1 million users with that average each and maybe a higher price then now say 20 thousand each coin or 400 thousand total which is enough to retire on. Thats my reasoning, if in 20 years we are still in a situation where bitcoin is mostly whales stacking them high and a relatively low price then it probably failed as a concept and was not that useful or distributed, utilised by the world at large after all not all of us will be here in 20 years, use it or lose it. Its natural that people spend and use their wealth or at least distribute it in some way

nostal02

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Quote from: heldertb on March 29, 2016, 05:38:40 PM

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

if we will 20 years after retire and we will have been 100 bitcoin it will be too for spend our life the reason after 20 years its worth will be 100000$ per btc and its enough for spend our life and any thing we can do that time with this money at all.

Lolz that is not possible for bitcoin to have in 20 years 100k per bitcoin is out of possibility as the in no reason for that price to be that high.

heldertb

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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

if we will 20 years after retire and we will have been 100 bitcoin it will be too for spend our life the reason after 20 years its worth will be 100000$ per btc and its enough for spend our life and any thing we can do that time with this money at all.

HarryKPeters

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If I'm honest this is not to predict because the bitcoin itself has still to proof itself to the world, it can even fail in a couple years, so firstly its already hard to predict this.
Secondly its also the question what the price will be because if you are taking the price from now you would need a lot of bitcoins without any doubts, and if you maybe take them in a upcoming year the price will much higher and than you would only need a certain amount of bitcoins to do this.

yoona

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I'm not going for bitcoins, I'm stashing up ether at the moment , their margin to rise is still higher hehe

bakingbad

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you would need a lot of bitcoins in order to do that because in order to retire and never work again you have to have vast amounts of money

Quote from: greghansel89 on March 29, 2016, 07:30:35 AM

Well if a person wants to retire in 20 years maybe you should have about 100 bitcoin to get as the years pass,100 bitcoin by that time would make you rich.

thats definitely not true, if you dont want to work ever again you might need at least 10 thousand bitcoins

Ardenyham

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You can't guess the bitcoin price a day or two in the future "not even a minute after" so how about 20 years? The amount will be significantly affected by it's price since the world will most likely still be USD based, Anyway if bitcoin is more than $1,000 I think around 1000 Bitcoin would be sufficient.

Olaf

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Quote from: greghansel89 on March 29, 2016, 07:30:35 AM

Well if a person wants to retire in 20 years maybe you should have about 100 bitcoin to get as the years pass,100 bitcoin by that time would make you rich.

I think the smart thing to do is hedge for the price with something else that is sustainble and put it back for bitcoin.

20 years is a long time. 6 years or 7 years its been for bitcoin and we are pretty incredible with price already I think..but 20 years is still hard to see even it being bullish.

fkvidar

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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.

Yeah we don't know what would be the value of bitcoin in future so its always good if we hold more number of coins to avoid any financial issues in future if the price drops.

AsaroUk

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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.

DeDordtenaar

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Quote from: Amph on March 29, 2016, 07:04:46 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.

not so much, it may be true that right now you can earn them easily, but in 20 years they value will hit the sky, and it will be much more difficult to acquire even 1 bitcoin, let alone 100

certainly more years to get bitcoin will be more difficult due to the reduction in halving the number of bitcoin.
so better collect your bitcoin now before it becomes hard for get
20 years old again 4 halving will happen

greghansel89

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Well if a person wants to retire in 20 years maybe you should have about 100 bitcoin to get as the years pass,100 bitcoin by that time would make you rich.

blackmachinegun

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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

Amph

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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.

not so much, it may be true that right now you can earn them easily, but in 20 years they value will hit the sky, and it will be much more difficult to acquire even 1 bitcoin, let alone 100

goinmerry

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Quote from: trinaldao on March 28, 2016, 09:42:20 AM

Quote from: knowhow on March 28, 2016, 09:18:32 AM

Well the concept of bitcoin of reduce reward is to force bitcoin to go up,there is no sure that will happen,soo well holding any ammount now and dont sell at the first jump ,may turn into a retirement opportunity in around 5 -10 years,something you would need to wait or 25 years or 35 years to get retired.

the halving is make bitcoin unique, with halving make bitcoin more rare, also this is make bitcoin price rising each year.....

Yeah that is what I am thinking also. JUst the word "halving" says it all. If bitcoin that is mined if halved then mining it would be really harder and that is when it becomes more precious just like gold now which is getting an upper price because it is getting harder to get some.

BeGoods

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Quote from: azguard on March 28, 2016, 10:32:54 AM

Quote from: trinaldao on March 28, 2016, 09:42:20 AM

Quote from: knowhow on March 28, 2016, 09:18:32 AM

Well the concept of bitcoin of reduce reward is to force bitcoin to go up,there is no sure that will happen,soo well holding any ammount now and dont sell at the first jump ,may turn into a retirement opportunity in around 5 -10 years,something you would need to wait or 25 years or 35 years to get retired.

the halving is make bitcoin unique, with halving make bitcoin more rare, also this is make bitcoin price rising each year.....

true more halving more rare it is and for that more it will be value so just keep it Grin

by halving the number of bitcoin will occur naturally reduced the demand of bitcoin in the market will be nore impact to the price of bitcoin
but if halving continue for centuries certainly bitcoin will be exhausted?
is it possible happen? in what year did it happen?

azguard

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Quote from: trinaldao on March 28, 2016, 09:42:20 AM

Quote from: knowhow on March 28, 2016, 09:18:32 AM

Well the concept of bitcoin of reduce reward is to force bitcoin to go up,there is no sure that will happen,soo well holding any ammount now and dont sell at the first jump ,may turn into a retirement opportunity in around 5 -10 years,something you would need to wait or 25 years or 35 years to get retired.

the halving is make bitcoin unique, with halving make bitcoin more rare, also this is make bitcoin price rising each year.....

true more halving more rare it is and for that more it will be value so just keep it Grin

Topic: How many bitcoins do I need to retire in 20 years? - page 62. (Read 320352 times)