How many bitcoins do I need to retire in 20 years? - page 64.

icecube45

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Quote from: richmcrich on March 24, 2016, 10:59:13 AM

Quote from: icecube45 on March 24, 2016, 04:14:23 AM

sit on 10, do some day trading with 1-2 of them, watch your fortune grow -

dont forget to diversify via alt coins, market arbitrage and assets.

youll be a millionaire in no time, but you know what they say - takes money to make money.

Retiring would need around $500,000,00 to 1 million dollar to retire comfortably in a first world country like US Or most of europe. it may grow to this size but that's at least hard to consider right now "100,000 Dollars per BTC..."

Well the point of sitting on 10 isn't so they can go up to 100k per coin. It's simply to ensure that no matter
what losses and strategy you experiment with, you always have enough extra to ride pnd waves, arbitrage
across markets and leverage altcoin assets. If you use 500x trading bots and a few douzen btc one can make
a few hundred thousand extra a year - possibly more if you further diversify into mining and startup space.

DeDordtenaar

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Quote from: vendetahome on March 24, 2016, 07:12:12 AM

Quote from: Alley on April 28, 2014, 01:04:32 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?

if you'll buy 10 bitcoins, total 4000$, and will hold them for 20 years, and if we will be lucky of course, you should have around 4 000 000$ or even more, i think that price after 20years will be huge because of halvings, and of course buyers/sellers

Lol its mean bitcoin have price $400.000 per bitcoin. I would say it is very unlikely to happen the prices are very high dude
I can not imagine that if it happens what is happening in the world. chaos or war?

tyz

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Quote from: jkrules on March 24, 2016, 01:16:35 PM

Quote from: DuckKeeper on March 24, 2016, 12:38:36 PM

You will need a lot of Bitcoins, because you never know what the value will be after 20 years and that is the problem.
It is a currency and that is always changing from value and than you will never know what it will be. But we all think that the value is going to rise.

bitcoin will be skyrocketing in the future because if one thing become rare the price is so more higher than what you expected and I hope that must be bitcoins because Im that poor people collecting bitcoins now

Do you have any proof of this claim? Just curious because my experience says that there are indeed poor people who are interested in Bitcoin, especially from southern Asian countries. But most do not keep their collected Bitcoin and exchange them for fiat.

Nandiwal

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Make your own Rule Or Ruled by others.

Its depend on your country and about your future expenses. in my view i am planing to invest 10 Btc. if price will go up in future then it will make me stress free after 20 years or if i lose then it will not destroy my life. Invest as much as u can afford to lose.

Mr. Big

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While my guitar gently weeps!!!

Quote from: GamingBro on March 24, 2016, 05:15:09 PM

You need ~1 million dollars i think for living with all goods and needs but bitcoins is unpredictable it can be worthless for times and you will be poor instantly.

Yeah, that's the worst part of that, if our expectation in bitcoin didn't come true..That is why we still need to save on fiat and just make bitcoin our reserve, just in case there's emergency or we need to buy something which is out of the budget..

GamingBro

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You need ~1 million dollars i think for living with all goods and needs but bitcoins is unpredictable it can be worthless for times and you will be poor instantly.

martinacar

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Quote from: bankingbtc on March 24, 2016, 01:56:56 PM

Quote from: Alley on April 28, 2014, 01:04:32 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?

you would need around million $, so that would be 10 bitcoins, pretty real that price after 20 years will be 100 000$ for bitcoin, because of halvings and China, bitcoin is so popular right now that more and more stores accepts it so price will really rise

I do not think this is gonna happen at all, I even find it a bit unrealistic, the bitcoin will never hit the 100k it will even be far from that.
Also the fact is that will the bitcoin than even still exist, you could ask yourself that question because I do not think it will even exists any more, plus the fact is also that no one can predict the amount of bitcoins you need to retire in about 20 years..

bankingbtc

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Quote from: Alley on April 28, 2014, 01:04:32 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?

you would need around million $, so that would be 10 bitcoins, pretty real that price after 20 years will be 100 000$ for bitcoin, because of halvings and China, bitcoin is so popular right now that more and more stores accepts it so price will really rise

jkrules

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Quote from: DuckKeeper on March 24, 2016, 12:38:36 PM

You will need a lot of Bitcoins, because you never know what the value will be after 20 years and that is the problem.
It is a currency and that is always changing from value and than you will never know what it will be. But we all think that the value is going to rise.

bitcoin will be skyrocketing in the future because if one thing become rare the price is so more higher than what you expected and I hope that must be bitcoins because Im that poor people collecting bitcoins now

DuckKeeper

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Activity: 364

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You will need a lot of Bitcoins, because you never know what the value will be after 20 years and that is the problem.
It is a currency and that is always changing from value and than you will never know what it will be. But we all think that the value is going to rise.

sallymeeh27

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www.secondstrade.com - 190% return Binary option

Quote from: CrimBit on March 23, 2016, 09:43:18 PM

Quote from: sallymeeh27 on March 23, 2016, 02:51:47 PM

Maybe you can have a lot bitcoin that you can earn rather than for only a few. It is always better to save everything for the last. I would save 5 bitcoin in order for me to be secure and somehow to be sure that if ever some things may change I am prepared for what would that be..

i will do it too, save some for future.
today i earn a lot satoshi from trading at poloniex, i make 0.4btc in 1day Cheesy

it's a best day for me....

That is so great. I may say that you really are good at trading. I haven't try it yet but I am looking forward to have that kind of move. I guess I have to read my notes so that I can be like you when it comes to trading someday. Good luck and more profit for all of us..

richmcrich

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Quote from: icecube45 on March 24, 2016, 04:14:23 AM

sit on 10, do some day trading with 1-2 of them, watch your fortune grow -

dont forget to diversify via alt coins, market arbitrage and assets.

youll be a millionaire in no time, but you know what they say - takes money to make money.

Retiring would need around $500,000,00 to 1 million dollar to retire comfortably in a first world country like US Or most of europe. it may grow to this size but that's at least hard to consider right now "100,000 Dollars per BTC..."

ronaldo40

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Quote from: trenchflaint on March 24, 2016, 07:16:07 AM

Quote from: vendetahome on March 24, 2016, 07:12:12 AM

Quote from: Alley on April 28, 2014, 01:04:32 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?

if you'll buy 10 bitcoins, total 4000$, and will hold them for 20 years, and if we will be lucky of course, you should have around 4 000 000$ or even more, i think that price after 20years will be huge because of halvings, and of course buyers/sellers

Bitcoin price by that time would really be on a higher scale compared to know and if you buy 10 bitcoin right now and use it as a retirement fund then you are all set to go and wait for 20 years.

not a good idea, bought 10 bitcoin then held for 20 years. yeah I'm sure in the next 20 years there will be an increase in the price of bitcoin high enough. but instead you only hold a small amount. better to try to grow. because you have to earn profits comparable to your waiting for 20 years.

trenchflaint

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Quote from: vendetahome on March 24, 2016, 07:12:12 AM

Quote from: Alley on April 28, 2014, 01:04:32 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?

if you'll buy 10 bitcoins, total 4000$, and will hold them for 20 years, and if we will be lucky of course, you should have around 4 000 000$ or even more, i think that price after 20years will be huge because of halvings, and of course buyers/sellers

Bitcoin price by that time would really be on a higher scale compared to know and if you buy 10 bitcoin right now and use it as a retirement fund then you are all set to go and wait for 20 years.

vendetahome

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Quote from: Alley on April 28, 2014, 01:04:32 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?

if you'll buy 10 bitcoins, total 4000$, and will hold them for 20 years, and if we will be lucky of course, you should have around 4 000 000$ or even more, i think that price after 20years will be huge because of halvings, and of course buyers/sellers

icecube45

legendary

Activity: 1218

Merit: 1000

sit on 10, do some day trading with 1-2 of them, watch your fortune grow -

dont forget to diversify via alt coins, market arbitrage and assets.

youll be a millionaire in no time, but you know what they say - takes money to make money.

DeDordtenaar

hero member

Activity: 518

Merit: 500

Quote from: darkmagician on March 23, 2016, 08:26:43 AM

2000btc thats the amount of btc i need to retire in 20 years,with that amount i can live a happy life and never enter to bitcoin again.

it looks like it depends on the rate and bitcoin price at the time dude. useless you collect 2,000 BTC bitcoin.but the rate is only about $ 100.
according to rate mate

makingwin1

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Quote from: Alley on April 28, 2014, 01:04:32 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?

i think that 3 bitcoins will be enough, if price of bitcoin will be 300 000$ after 20 years, you will have 900 000$ so i think it will be more then enough for you to live normal life, you can buy house and car with that money and still have like 100 000$

kartel616

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★Bitvest.io★ Play Plinko or Invest!

i think 20 bitcoin and you can built offline business.

Herbert2020

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Quote from: uname on March 24, 2016, 03:05:46 AM

Quote from: darkmagician on March 23, 2016, 08:26:43 AM

2000btc thats the amount of btc i need to retire in 20 years,with that amount i can live a happy life and never enter to bitcoin again.

agree I think the 2000 BTC is enough to be able to live happily in retirement age later. if you've got the 2000 BTC. you just sit and relax. hopefully bitcoin prices always go up

this is the worst idea ever. not only in bitcoin but also investing in anything like this.
2000BTC is approximately worth 800,000 USD at the current price of ~$400 and you are suggesting to put that much money in bitcoin and sit back and relax! not to mention all the risks.

with that kind of money you can start a very good business and earn a very good amount of money each day through that with minimal risk.

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