How many bitcoins do I need to retire in 20 years? - page 71.

danherbias07

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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

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.

nakko

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

n0ne

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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.

DeDordtenaar

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Quote from: JAyThaRevo on March 09, 2016, 10:23:19 AM

Quote from: DeDordtenaar on March 09, 2016, 10:04:08 AM

Quote from: Gwerrahar on March 09, 2016, 07:55:06 AM

You will need a lot of Bitcoins I think. The value will always so that is the problem. Sometimes you are poor and sometimes you are rich.
And that is not good. Then your life will depend on a currency and that is not good.

yeah thats why we need a lot of bitcoin. so we will not be poor when we retire. collect bitcoin as much as you can. It is better

That's true and we cannot have a exact figure in our mind that what amount bitcoin will take care of us in future, as the price keeps on moving up and down, its good if we have more bitcoins.

yeah we don't know in future. bitcoin prices will be high or low. so to prepare it all collect as much as you can is the ultimate choice Cheesy

quentincole32

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Quote from: target on March 09, 2016, 09:41:02 AM

Depends to how much you get to be satisfied. but then you may not be satisfied with just about 1000 BTC. To support you demands every day you would need constant flow of money and i mean you can never have enough. Lets say at first you just need a canoe later you would need a pump boat and when you got a girl you might need a hellicopter.. now 1000 btc may not suffice..

that is because you can never have enough btc to live and enjoy.

It's because humans nature that will never feel satisfied, they would ask for more and more , never feel and say it's enough.
But for this case it adjust to your daily need , and what plan after 20 years. 100,000 bitcoin wouldn't enough if the price below a cent? But if you are bitcoin dreamer then 100 bitcoin are more than enough for $8,000 bitcoin price.

diegz

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Quote from: crairezx20 on March 09, 2016, 06:29:11 PM

Its better to stay in the real job while doing collecting some bitcoin so that you have a great foture if you hold your bitcoin until 3 years..
You can retire to your job and start a business online using bitcoin..

That is right, we better stay in our day job while collecting bitcoin as side job, that way, you won't be putting fiat into the bitcoin just to make sure about your retirement, let your real life day job be your retirement investment and your bitcoin as your extra...

goinmerry

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Quote from: target on March 09, 2016, 09:41:02 AM

Depends to how much you get to be satisfied. but then you may not be satisfied with just about 1000 BTC. To support you demands every day you would need constant flow of money and i mean you can never have enough. Lets say at first you just need a canoe later you would need a pump boat and when you got a girl you might need a hellicopter.. now 1000 btc may not suffice..

that is because you can never have enough btc to live and enjoy.

That money should still grow and go back to its place once you move some or cash it out. It wont be good if you just use and never get back what you used. Somehow it will all be depleted even if you just use it little by little

crairezx20

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Quote from: JAyThaRevo on March 09, 2016, 10:23:19 AM

Quote from: DeDordtenaar on March 09, 2016, 10:04:08 AM

Quote from: Gwerrahar on March 09, 2016, 07:55:06 AM

You will need a lot of Bitcoins I think. The value will always so that is the problem. Sometimes you are poor and sometimes you are rich.
And that is not good. Then your life will depend on a currency and that is not good.

yeah thats why we need a lot of bitcoin. so we will not be poor when we retire. collect bitcoin as much as you can. It is better

That's true and we cannot have a exact figure in our mind that what amount bitcoin will take care of us in future, as the price keeps on moving up and down, its good if we have more bitcoins.

Its better to stay in the real job while doing collecting some bitcoin so that you have a great foture if you hold your bitcoin until 3 years..
You can retire to your job and start a business online using bitcoin..

ronaldinho_07

sr. member

Activity: 476

Merit: 250

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 bitcoin were made to keep growing the value over the time,the halving thing were made to make the coins worth more,soo the thing about the bitcoin price over the next 20 years,i believe it will be worth around 800 dollars if not more soo i consider a 100-300 btc more then enought to live.

JAyThaRevo

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Quote from: DeDordtenaar on March 09, 2016, 10:04:08 AM

Quote from: Gwerrahar on March 09, 2016, 07:55:06 AM

You will need a lot of Bitcoins I think. The value will always so that is the problem. Sometimes you are poor and sometimes you are rich.
And that is not good. Then your life will depend on a currency and that is not good.

yeah thats why we need a lot of bitcoin. so we will not be poor when we retire. collect bitcoin as much as you can. It is better

That's true and we cannot have a exact figure in our mind that what amount bitcoin will take care of us in future, as the price keeps on moving up and down, its good if we have more bitcoins.

DeDordtenaar

hero member

Activity: 518

Merit: 500

Quote from: Gwerrahar on March 09, 2016, 07:55:06 AM

You will need a lot of Bitcoins I think. The value will always so that is the problem. Sometimes you are poor and sometimes you are rich.
And that is not good. Then your life will depend on a currency and that is not good.

yeah thats why we need a lot of bitcoin. so we will not be poor when we retire. collect bitcoin as much as you can. It is better

target

legendary

Activity: 2282

Merit: 1041

Depends to how much you get to be satisfied. but then you may not be satisfied with just about 1000 BTC. To support you demands every day you would need constant flow of money and i mean you can never have enough. Lets say at first you just need a canoe later you would need a pump boat and when you got a girl you might need a hellicopter.. now 1000 btc may not suffice..

that is because you can never have enough btc to live and enjoy.

goinmerry

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Activity: 2940

Merit: 1083

Quote from: Gwerrahar on March 09, 2016, 07:55:06 AM

You will need a lot of Bitcoins I think. The value will always so that is the problem. Sometimes you are poor and sometimes you are rich.
And that is not good. Then your life will depend on a currency and that is not good.

Very well said. That is why you really need a lot to retire. Maybe cash some for a safer method or invest it to get a good house or some lands that can be sold or rented. Some businesses in the real world would be great rather than waiting for the price of bitcoin to come up.

iamthesky

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Activity: 210

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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.

That's true it depends on the value of bitcoin after 20 years, its better that we be ready with some coins in our wallet, so even if the price low, if we hold more number of bitcoins, they can take care of us.

ronaldo40

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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.

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

Quote from: extrabyte on February 24, 2016, 07:34:50 AM

Quote from: Alley on April 28, 2014, 12:04:32 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?

then buy millions of bitcoin. because no one know that after 20 years. what will happen bitcoin. may it will disapear or not worth a single pinny.

Of course by buying that much btc, you will pump the price on exchanges and make bitcoin worth more. Most currencies are volatile, but the markets of bitcoin is that x9001.
It's a make or break market, and with the current trends bitcoin is going to stay at 300$ for a while with my current estimates. I'm way off most of the time so don't take it to heart ;c

Gwerrahar

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Activity: 78

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You will need a lot of Bitcoins I think. The value will always so that is the problem. Sometimes you are poor and sometimes you are rich.
And that is not good. Then your life will depend on a currency and that is not good.

ronaldinho_07

sr. member

Activity: 476

Merit: 250

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.

Sure we must diverse our portfolio but the main investment and the most safe currently is bitcoins others altcoins will grow a bit but you never know how long they will last.

greghansel89

member

Activity: 70

Merit: 10

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.

pneumatic5

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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.

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