How many bitcoins do I need to retire in 20 years? - page 70.

BitMaxz

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Quote from: Omegasun on March 14, 2016, 10:20:56 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.

1000 bitcoin is too many. I think the price will be over $128,000 in 20 years. So you need 20- 30 bitcoins to live happily.

Yeah 1000 bitcoin is too many but the price of $128k is very expensive and i think it will not happen in the future ..
The possible price for the bitcoin i think $1000-$2000 in the future.. and i think we will see this price after 1 to 2 years..

OrangeII

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Quote from: Omegasun on March 14, 2016, 10:20:56 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.

1000 bitcoin is too many. I think the price will be over $128,000 in 20 years. So you need 20- 30 bitcoins to live happily.

wow, very nice if bitcoin price of $ 128,000 for the next 20 years, I think we need a bitcoin very much, I guess 10 BTC is not enough, maybe we need 100 BTC to change our lives in the future Grin

tn211

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You will need a lot of bitcoins to do this its not reach able if I'm honest, well its its but you will need to invest a lot of money to do this.
The point is also there is no stability the bitcoin will stay at this price so its not to say how much you will need.

Omegasun

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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.

1000 bitcoin is too many. I think the price will be over $128,000 in 20 years. So you need 20- 30 bitcoins to live happily.

honeyhtet

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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.

danherbias07

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Quote from: n0ne on March 14, 2016, 05:52:49 AM

There is no fixed number on earning bitcoin. Earn as much possible, so that the more you earned will give you more comfort than you expect.

True. Price will go up and down and we dont know what the future will be. It can be at the higher side then that is good for those who collected more. Just my opinion once it is all mined it will be priced at a high value cause of it rarity.

diodio5

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Quote from: silentkiller on March 14, 2016, 02:54:26 AM

Gather all the bitcoins that you can collect before you retire, be sure you have collected bitcoins that you can use in your entire life.

for 20 years to come or in our retirement of course the price of goods and the need for very expensive. therefore we need to gather as much bitcoin. but if we do not move based targets. we will run without direction right? we should have a target income in 1 year or 1 month.

Denker

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Quote from: diegz on March 14, 2016, 03:07:57 AM

Quote from: silentkiller on March 14, 2016, 02:54:26 AM

Gather all the bitcoins that you can collect before you retire, be sure you have collected bitcoins that you can use in your entire life.

That's a good way, but I think it would be better to don't rely on bitcoin as a retirement, its never easy to live with bitcoin as the price is still very unstable which I think only gives advantage to traders and not to ordinary bitcoin holder... better have a fiat savings as a back up..

Meh fiat is becoming more and more worthless and the situation is already very critical.This patient is almost dead.
Furthermore if you safe Bitcoin for your retirement in 20+ years, actual volatility doesn't matter to you.

Bazelak

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Quote from: n0ne on March 14, 2016, 05:52:49 AM

There is no fixed number on earning bitcoin. Earn as much possible, so that the more you earned will give you more comfort than you expect.

That is also my thought. I am trying to collect as many bitcoin as possible before the price further. It is quite cheap now.

n0ne

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There is no fixed number on earning bitcoin. Earn as much possible, so that the more you earned will give you more comfort than you expect.

phreaky

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Quote from: Nextgen on March 11, 2016, 12:59:13 PM

Quote from: blackmachinegun on March 11, 2016, 10:35:31 AM

Quote from: Amph on March 11, 2016, 02:14:00 AM

Quote from: nakko on March 11, 2016, 12:58:56 AM

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
Grin

i can have better expectation for 10 years holding bitcoin, the price will skyrocket much more than any other stock or market, at least it has the potential nedd only the fuel

yeah better hold your bitcoin for 10 years or 20 years instead of the purchase shares of a company. bitcoin has the potential price will rise very high. so better hold if you've collected a lot of bitcoin

Yeh..it will be definitely worthy to save it up until the retirement and whatever amount we could collect in the mean time would be enough.

Quote from: danherbias07 on March 11, 2016, 01:10:50 AM

Quote from: nakko on March 11, 2016, 12:58:56 AM

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
Grin

BRK.B is a stock right?

10 years would be long. I could double this 2 BTC in a year or so just by some good knowledge in trading. What if I die in ten years that would be a lost for me then.

Just considering the unexpected outcomes doesn't makes sense.

You will never know what you will need. Because the value is always changing and that is very bad.
We all hope of course that the value will rise and that we can have all some profit. But it is hard to predict.

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Quote from: silentkiller on March 14, 2016, 02:54:26 AM

Gather all the bitcoins that you can collect before you retire, be sure you have collected bitcoins that you can use in your entire life.

someone once said

Quote

the more you gather the better

praprata

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You will need a lot of bitcoins if you ask me, due to the fact the bitcoin will rise it can also be the opposite but its not to predict.
I think you first need a lot of money to invest in the bitcoin and than see if this is even possible, will it even exist by than.

diegz

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Quote from: silentkiller on March 14, 2016, 02:54:26 AM

Gather all the bitcoins that you can collect before you retire, be sure you have collected bitcoins that you can use in your entire life.

That's a good way, but I think it would be better to don't rely on bitcoin as a retirement, its never easy to live with bitcoin as the price is still very unstable which I think only gives advantage to traders and not to ordinary bitcoin holder... better have a fiat savings as a back up..

silentkiller

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Gather all the bitcoins that you can collect before you retire, be sure you have collected bitcoins that you can use in your entire life.

azguard

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Quote from: blackmachinegun on March 11, 2016, 10:35:31 AM

Quote from: Amph on March 11, 2016, 02:14:00 AM

Quote from: nakko on March 11, 2016, 12:58:56 AM

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
Grin

i can have better expectation for 10 years holding bitcoin, the price will skyrocket much more than any other stock or market, at least it has the potential nedd only the fuel

yeah better hold your bitcoin for 10 years or 20 years instead of the purchase shares of a company. bitcoin has the potential price will rise very high. so better hold if you've collected a lot of bitcoin

holding bitcoin is way better they dont understand that but in 10 or more years btc will worth much and we can only image and speculate on price in 10 or more years

Nextgen

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Quote from: blackmachinegun on March 11, 2016, 10:35:31 AM

Quote from: Amph on March 11, 2016, 02:14:00 AM

Quote from: nakko on March 11, 2016, 12:58:56 AM

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
Grin

i can have better expectation for 10 years holding bitcoin, the price will skyrocket much more than any other stock or market, at least it has the potential nedd only the fuel

yeah better hold your bitcoin for 10 years or 20 years instead of the purchase shares of a company. bitcoin has the potential price will rise very high. so better hold if you've collected a lot of bitcoin

Yeh..it will be definitely worthy to save it up until the retirement and whatever amount we could collect in the mean time would be enough.

Quote from: danherbias07 on March 11, 2016, 01:10:50 AM

Quote from: nakko on March 11, 2016, 12:58:56 AM

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
Grin

BRK.B is a stock right?

10 years would be long. I could double this 2 BTC in a year or so just by some good knowledge in trading. What if I die in ten years that would be a lost for me then.

Just considering the unexpected outcomes doesn't makes sense.

blackmachinegun

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Quote from: Amph on March 11, 2016, 02:14:00 AM

Quote from: nakko on March 11, 2016, 12:58:56 AM

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
Grin

i can have better expectation for 10 years holding bitcoin, the price will skyrocket much more than any other stock or market, at least it has the potential nedd only the fuel

yeah better hold your bitcoin for 10 years or 20 years instead of the purchase shares of a company. bitcoin has the potential price will rise very high. so better hold if you've collected a lot of bitcoin

Amph

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Quote from: nakko on March 11, 2016, 12:58:56 AM

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
Grin

i can have better expectation for 10 years holding bitcoin, the price will skyrocket much more than any other stock or market, at least it has the potential need only the fuel

zodiac3011

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Quote from: n0ne on March 10, 2016, 09:50:28 PM

Quote from: ronaldo40 on March 09, 2016, 08:00:00 AM

Quote from: greghansel89 on March 09, 2016, 07:42:20 AM

Quote from: pneumatic5 on March 09, 2016, 05:05:01 AM

Quote from: bitcoin-hunter on March 09, 2016, 04:35:07 AM

You will need a lot, because you never know what the value will be after a few years. The value can be very low and that will be not good.
But the value can also be very high and that is very good. But you life will depend on Bitcoin and that will be not good.

Its always good to invest your money in multiple products, because if you depend only on bitcoins, and if it fails, then you loose everything, and you don't have an option to invest after 20 years.

Investing on different companies to grow you bitcoin is essential.
You will be needing maybe about 300-500 bitcoin with that amount i think you will live a happy life.

require 1000 bitcoin was better, because we do not know the price of bitcoin in 20 years. maybe it could be back under $100.
and I think if you want to retire is not just relying on bitcoin.

Well said about the real fact. Should never rely upon bitcoin completely. We can only predict we don't have the exact calculation what the price will be after 20 years.

I agree we don't have a clue what price bitcoin has reached or by then it has already been abandon ( the chance is quite small I believe). Theoretically and some speculations, by then the bitcoin price will be more than $1000 which you will need some bitcoins to retire

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