How many bitcoins do I need to retire in 20 years? - page 69.

randy8777

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Quote from: sachung on March 15, 2016, 12:23:23 PM

Depends on how much bitcoin is worth in 20 years, I am pro-bitcoin so I would say it would be around $2000-$3000 dollars and therefore would require around 300-500 bitcoins to retire.

it's very difficult to collect that many bitcoins nowadays. people should have been collecting them when the price was still below $100 as it was a more than great buying opportunity. that's how i look at it. wealthy people with deep pockets can buy that many bitcoins right now and hold it for a long time. their fiat holdings will decrease and decrease, which makes bitcoin a great store of wealth option for them with a fantastic potential return.

simonloff

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Probably you would need around 300-400 bitcoins overall to retire if you are living in a second or a first world country IMO.

Betwrong

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Quote from: sachung on March 15, 2016, 12:23:23 PM

Depends on how much bitcoin is worth in 20 years, I am pro-bitcoin so I would say it would be around $2000-$3000 dollars and therefore would require around 300-500 bitcoins to retire.

I am also pro-bitcoin my my estimation is a bit more optimistic. In 20 years Bitcoin will be at least $10,000 (I think it will cost more than that but I'm saying at least).

So IMO to retire in 20 years you'll need 200-300 Bitcoins depending on your demands.

sachung

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Depends on how much bitcoin is worth in 20 years, I am pro-bitcoin so I would say it would be around $2000-$3000 dollars and therefore would require around 300-500 bitcoins to retire.

azguard

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earn 2 for every year and it will be good
if you save one and invest one you can have more

blackmachinegun

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Quote from: praprata on March 15, 2016, 04:40:41 AM

Indeed its not to predict at all because you do not know how much it will be worth in about 20 years.
So it can not be said, if you want to calculate it with the numbers right now you will need a lot and I mean a lot!

many people would predict that the price of bitcoin will rise in the future. maybe more than $ 2,00. if it really happened in the 20 years to come. we probably would only need a few bitcoin. but all could happen in bitcoin. so collect as many as you can is the best choice

ronaldo40

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Quote from: bitbunnny on March 15, 2016, 05:26:57 AM

Collect as much Bitcoins as you can but don't forget to save some fiat money too. And gold.

at least, you should have a target amount to obtain bitcoin. then you can count, how much should be obtained every week or month.

bitbunnny

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Collect as much Bitcoins as you can but don't forget to save some fiat money too. And gold.

STT

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100k is nothing to retire on with no income and possible health problems in old age. That would be a pretty iffy old age, some carry on working and some are not able. Japan has 80 year old in their mcdonalds because their population stopped growing so they still use old people and their bonds pay 0.1% interest

Quote from: relq on March 15, 2016, 04:56:35 AM

Quote from: HarryKPeters on March 15, 2016, 04:12:35 AM

You will need a lot of bitcoins, and not just a small amount but a large amount, if I´m honest I do not even think it will make it from now.
The fact is also that its difficult to predict due to the future of the bitcoin itself.

Yeah you need a lot of bitcoins for retire in 20 years. And you also need to count the inflation on that years too. So yeah, you need many bitcoins for that, maybe around 100 bitcoins ?

Point is the world population is growing, so many people and you think even more bitcoin will be needed to pay. If the world does not use bitcoin and so make it valuable then it's value will be tiny, I see it as one or the other. Price should rise if bitcoin is so stable thats its used in 20 years still, so we talking a dozen

goinmerry

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Quote from: DeDordtenaar on March 15, 2016, 05:03:04 AM

Quote from: goinmerry on March 15, 2016, 12:03:44 AM

Quote from: honeyhtet on March 14, 2016, 10:08:59 AM

Impossible to tell now because there are so many variables, How much exactly would be sufficient for you to retire "in USD"? How much BTC would worth in 20 years "which is impossible to tell lol" but probably around 1000 BTC.

Even if it is USD it is hard to tell also. We dont know if USD will also fall in the coming years. I guess it will the precious stones and metals who will be really valuable in the future.

come on. 20 years is not a long time. in 1996 ago $ 400k is very large. so was also present $ 400k is very large now. so you can see the picture from now, maybe what you need is more than $ 100k

In dollars or in different kind of money. We dont know what might happen. We dont know the future every country is fighting for their currency to go up and get stronger.

DeDordtenaar

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Quote from: goinmerry on March 15, 2016, 12:03:44 AM

Quote from: honeyhtet on March 14, 2016, 10:08:59 AM

Impossible to tell now because there are so many variables, How much exactly would be sufficient for you to retire "in USD"? How much BTC would worth in 20 years "which is impossible to tell lol" but probably around 1000 BTC.

Even if it is USD it is hard to tell also. We dont know if USD will also fall in the coming years. I guess it will the precious stones and metals who will be really valuable in the future.

come on. 20 years is not a long time. in 1996 ago $ 400k is very large. so was also present $ 400k is very large now. so you can see the picture from now, maybe what you need is more than $ 100k

relq

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Quote from: HarryKPeters on March 15, 2016, 04:12:35 AM

You will need a lot of bitcoins, and not just a small amount but a large amount, if I´m honest I do not even think it will make it from now.
The fact is also that its difficult to predict due to the future of the bitcoin itself.

Yeah you need a lot of bitcoins for retire in 20 years. And you also need to count the inflation on that years too. So yeah, you need many bitcoins for that, maybe around 100 bitcoins ?

praprata

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Indeed its not to predict at all because you do not know how much it will be worth in about 20 years.
So it can not be said, if you want to calculate it with the numbers right now you will need a lot and I mean a lot!

HarryKPeters

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You will need a lot of bitcoins, and not just a small amount but a large amount, if I´m honest I do not even think it will make it from now.
The fact is also that its difficult to predict due to the future of the bitcoin itself.

azguard

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Quote from: techgeek on March 15, 2016, 12:31:04 AM

Quote from: goinmerry on March 15, 2016, 12:03:44 AM

Quote from: honeyhtet on March 14, 2016, 10:08:59 AM

Impossible to tell now because there are so many variables, How much exactly would be sufficient for you to retire "in USD"? How much BTC would worth in 20 years "which is impossible to tell lol" but probably around 1000 BTC.

Even if it is USD it is hard to tell also. We dont know if USD will also fall in the coming years. I guess it will the precious stones and metals who will be really valuable in the future.

USD lost its value ever since way back.

Its been losing its own value ever since, and doesnt hold its merit. Stones and metals are only valuable if youre going to have an audience thats willing to buy if not its the same view as any other exchange.

still dollar is good comparing to euro and that is good thing
euro is fluctuating 2 much

techgeek

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Quote from: goinmerry on March 15, 2016, 12:03:44 AM

Quote from: honeyhtet on March 14, 2016, 10:08:59 AM

Impossible to tell now because there are so many variables, How much exactly would be sufficient for you to retire "in USD"? How much BTC would worth in 20 years "which is impossible to tell lol" but probably around 1000 BTC.

Even if it is USD it is hard to tell also. We dont know if USD will also fall in the coming years. I guess it will the precious stones and metals who will be really valuable in the future.

USD lost its value ever since way back.

Its been losing its own value ever since, and doesnt hold its merit. Stones and metals are only valuable if youre going to have an audience thats willing to buy if not its the same view as any other exchange.

goinmerry

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Quote from: honeyhtet on March 14, 2016, 10:08:59 AM

Impossible to tell now because there are so many variables, How much exactly would be sufficient for you to retire "in USD"? How much BTC would worth in 20 years "which is impossible to tell lol" but probably around 1000 BTC.

Even if it is USD it is hard to tell also. We dont know if USD will also fall in the coming years. I guess it will the precious stones and metals who will be really valuable in the future.

Mr. Big

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Quote from: richmcrich on March 14, 2016, 12:07:09 PM

Depending on how much bitcoin would be worth in 20 years, I think if you are a resident of a first-world country then I think it would take at least 500 Bitcoins or so unless bitcoin price rises massively.

20 years is a little far from now, and I think we never knew what will be the price of bitcoin that time, it is better to save just what we can, never rely on bitcoin, and probably just invest on insurances and retirement funds in fiat...

richmcrich

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Depending on how much bitcoin would be worth in 20 years, I think if you are a resident of a first-world country then I think it would take at least 500 Bitcoins or so unless bitcoin price rises massively.

darkmagician

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collect as many bitcoins as you can before you retire, be sure it is enough to make you happy in your entire life.
20000btc is enough but the price is 50$ Grin

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