Topic: How many bitcoins do I need to retire in 20 years? - page 66. (Read 320352 times)

Quote from: BeGoods on March 20, 2016, 12:57:43 AM

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?

Maybe ~BTC200

Depending how much you spend right in your retired years.
I'd probably want 50 btc if not more lol. Cause more never hurts, if anything it just makes you able to do more things.

Yeah and we should be also prepared with worst scenario we might face if the value is low in future so its always best thing to hold maximum number of coins.

Well said if we are in the best side no matter what happens, with the increased price we can have a good life, but its really important to consider the worst scenario and get prepared to meet it. I believe we can be prepared but such situation won't happen.

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Quote from: gerXhonza on March 18, 2016, 03:31:30 PM

I think I will need more then 100 btc to live a good and extra ordinary life I will try to have some more of it as I cannot take any risk at the time of retirement.

Only 100 btc? Wow, you must really live a clean and balanced life.

100 btc ? I think it is not enough to feel luxurious and happy life in the 20 years to come. we predicted prices in 20 years to come, probably only about $1000.
100 BTC = $100k.
what you can get with just a $100k? even you can not buy a big house mate ?
100 BTC still lacking

That will be depending on the value. And that is really hard to predict, because you never know what will happen with the value and that is the problem.
I hope that it will be more worth later, and that many people are going to use it. But you need a lot of coins.

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Quote from: jkrules on March 20, 2016, 09:19:33 AM

Quote from: Hemo on March 20, 2016, 07:33:04 AM

Quote from: Hemo on March 20, 2016, 07:33:04 AM

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?

Maybe ~BTC200

Depending how much you spend right in your retired years.
I'd probably want 50 btc if not more lol. Cause more never hurts, if anything it just makes you able to do more things.

Yeah and we should be also prepared with worst scenario we might face if the value is low in future so its always best thing to hold maximum number of coins.

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Quote from: armansolis593 on March 20, 2016, 08:25:08 AM

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?

Maybe ~BTC200

Depending how much you spend right in your retired years.
I'd probably want 50 btc if not more lol. Cause more never hurts, if anything it just makes you able to do more things.

Nextgen

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Quote from: haileysantos95 on March 19, 2016, 11:28:16 AM

Its really up to you on how many and how are you planning to retire,if you want to live a simple life when you retire then you dont need much.

That's right, and maybe we should set aside bitcoin as part of our retirement fund, we should still focus on our fiat savings..bitcoin should be an extra..but that is right, its really up to you on how you want your life when you retire, and its up to how much you want to invest in bitcoin today..

I expect the price to be around 5k by then. So having 100 bitcoin would give me a a nice pension fund.
I don't need much money for retirement, just enough to live a comfortable life.

Me too,when you are old you dont need to much money as you only want to live a simple yet peaceful life.

You cant live a peaceful life just by not working(retired) and needing less money.It depends if you have a own house and most of the basic needs and not want to move somewhere else ,particularly to a high standard economy.

Quote from: armansolis593 on March 20, 2016, 08:25:08 AM

I expect the price to be around 5k by then. So having 100 bitcoin would give me a a nice pension fund.

How ? It could happen if we see Bitcoin banks or else there would be no pensions or bonds and the premium would remain the same unless you exchange or invest.

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Quote from: haileysantos95 on March 19, 2016, 11:28:16 AM

Its really up to you on how many and how are you planning to retire,if you want to live a simple life when you retire then you dont need much.

That's right, and maybe we should set aside bitcoin as part of our retirement fund, we should still focus on our fiat savings..bitcoin should be an extra..but that is right, its really up to you on how you want your life when you retire, and its up to how much you want to invest in bitcoin today..

I expect the price to be around 5k by then. So having 100 bitcoin would give me a a nice pension fund.
I don't need much money for retirement, just enough to live a comfortable life.

Me too,when you are old you dont need to much money as you only want to live a simple yet peaceful life. but if you retire young then you would need a lot of money.

Even old people have a dream of living lavish and luxury life totally depends on individual how he wants to live and its always good to hold more amount of coins.

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Quote from: haileysantos95 on March 19, 2016, 11:28:16 AM

Its really up to you on how many and how are you planning to retire,if you want to live a simple life when you retire then you dont need much.

That's right, and maybe we should set aside bitcoin as part of our retirement fund, we should still focus on our fiat savings..bitcoin should be an extra..but that is right, its really up to you on how you want your life when you retire, and its up to how much you want to invest in bitcoin today..

I expect the price to be around 5k by then. So having 100 bitcoin would give me a a nice pension fund.
I don't need much money for retirement, just enough to live a comfortable life.

Me too,when you are old you dont need to much money as you only want to live a simple yet peaceful life. but if you retire young then you would need a lot of money.

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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?

Maybe ~BTC200

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I don't need a lot of money to retire, given I spend less money on entertainment and travel.....When I retire I want to be entertained by travel.
I need 500BTC I need to retire in 20 years. Grin

MaxTax

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Quote from: haileysantos95 on March 19, 2016, 11:28:16 AM

Its really up to you on how many and how are you planning to retire,if you want to live a simple life when you retire then you dont need much.

That's right, and maybe we should set aside bitcoin as part of our retirement fund, we should still focus on our fiat savings..bitcoin should be an extra..but that is right, its really up to you on how you want your life when you retire, and its up to how much you want to invest in bitcoin today..

I expect the price to be around 5k by then. So having 100 bitcoin would give me a a nice pension fund.
I don't need much money for retirement, just enough to live a comfortable life.

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Quote from: haileysantos95 on March 19, 2016, 11:28:16 AM

Its really up to you on how many and how are you planning to retire,if you want to live a simple life when you retire then you dont need much.

That's right, and maybe we should set aside bitcoin as part of our retirement fund, we should still focus on our fiat savings..bitcoin should be an extra..but that is right, its really up to you on how you want your life when you retire, and its up to how much you want to invest in bitcoin today..

BeGoods

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Quote from: gerXhonza on March 18, 2016, 03:31:30 PM

I think I will need more then 100 btc to live a good and extra ordinary life I will try to have some more of it as I cannot take any risk at the time of retirement.

Only 100 btc? Wow, you must really live a clean and balanced life.

100 btc ? I think it is not enough to feel luxurious and happy life in the 20 years to come. we predicted prices in 20 years to come, probably only about $1000.
100 BTC = $100k.
what you can get with just a $100k? even you can not buy a big house mate ?
100 BTC still lacking

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Quote from: BitsandBites on March 19, 2016, 01:44:51 PM

Quote from: haileysantos95 on March 19, 2016, 11:28:16 AM

Its really up to you on how many and how are you planning to retire,if you want to live a simple life when you retire then you dont need much.

And if you want to live with a lot of luxury, you will also need to invest a lot more.
It all comes down to how well you want to live, some people have the dream to have a very luxury retirement, while others are fine living a little more simple life.

Yes and we should also keep in mind what would be the value of bitcoin after 20 years, its not possible though to judge it , but its better if we have some higher amount then we required.

BitsandBites

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Quote from: haileysantos95 on March 19, 2016, 11:28:16 AM

Its really up to you on how many and how are you planning to retire,if you want to live a simple life when you retire then you dont need much.

And if you want to live with a lot of luxury, you will also need to invest a lot more.
It all comes down to how well you want to live, some people have the dream to have a very luxury retirement, while others are fine living a little more simple life.

haileysantos95

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Its really up to you on how many and how are you planning to retire,if you want to live a simple life when you retire then you dont need much.

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Quote from: CryingMidget on March 19, 2016, 12:05:18 AM

Quote from: gerXhonza on March 18, 2016, 03:31:30 PM

I think I will need more then 100 btc to live a good and extra ordinary life I will try to have some more of it as I cannot take any risk at the time of retirement.

Only 100 btc? Wow, you must really live a clean and balanced life.

Ha ha ha. Great idea. I guess in the year of 2040 bitcoin will be more than 10000$ according to me.
Satoshi expecting bitcoin rate to touch 10000$ in the year 2050 at least. Let's hope for the best to happen in this world

it is quite impossible although all could happen but I very much doubt. bitcoin price can be worth so much.
it felt too excessive and imposing I would think a reasonable price is around $ 1000- 2000 will not be more than that. for the year 2040

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Quote from: trenchflaint on March 19, 2016, 01:30:44 AM

Quote from: MTBTT on March 19, 2016, 01:15:48 AM

Quote from: azguard on March 17, 2016, 11:33:04 AM

this depend of haw much money you want to have if this number is 100K then you will need at current price around 240 BTC but if you want more 1 million $ they you will need much more around 2400 BTC and that is a lot i must say

if appropriate wishes of course I would prefer to get $100k. but how about the process? how to get it so many bitcoin. will be very difficult I think it should be in accordance with your abilities

The process to get those bitcoin is to work hard for it,play wise if you are in trading know when to sell and buy.
There are a lot of work that accept bitcoin as payment maybe you should start with these.

Yes try to earn as much as you can as you can never know what exact amount of bitcoin can take care of you in future as we don't know what would be the value of bitcoin after 20 years.

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Quote from: MTBTT on March 19, 2016, 01:15:48 AM

Quote from: azguard on March 17, 2016, 11:33:04 AM

this depend of haw much money you want to have if this number is 100K then you will need at current price around 240 BTC but if you want more 1 million $ they you will need much more around 2400 BTC and that is a lot i must say

if appropriate wishes of course I would prefer to get $100k. but how about the process? how to get it so many bitcoin. will be very difficult I think it should be in accordance with your abilities

The process to get those bitcoin is to work hard for it,play wise if you are in trading know when to sell and buy.
There are a lot of work that accept bitcoin as payment maybe you should start with these.

MTBTT

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Quote from: azguard on March 17, 2016, 11:33:04 AM

this depend of haw much money you want to have if this number is 100K then you will need at current price around 240 BTC but if you want more 1 million $ they you will need much more around 2400 BTC and that is a lot i must say

if appropriate wishes of course I would prefer to get $100k. but how about the process? how to get it so many bitcoin. will be very difficult I think it should be in accordance with your abilities

CryingMidget

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