Topic: How many bitcoins do I need to retire in 20 years? - page 77. (Read 320337 times)
I see a lot of people saying "just one", why are you so sure? It's just been a few years since bitcoin began, anything could happen at anytime. It could be worth $0.10 tomorrow, no-one knows!
I think 80 to 100 bitcoins is the exact amount that you can consider you are a millionaire and you can start your own business with this money..
Or even you don't spend it for business you can still just hold it even some of them spent in daily needs and monthly bills.. So your bitcoin will be still remain until you old..
Or even you don't spend it for business you can still just hold it even some of them spent in daily needs and monthly bills.. So your bitcoin will be still remain until you old..
You will need a lot of bitcoins to retire in 20 years, its even the question of the bitcoin will survive this 20 years so that is already the first question.
You should invest now already because the price is now pretty low and it will only go to a higher amount from now on in my opinion.
You should invest now already because the price is now pretty low and it will only go to a higher amount from now on in my opinion.
I think totally depends on what country we live in, what is the inflation rate at a moment and what would be the inflation rate after 20 years, depending on that you need to calculate how much bitcoins you need.
Yeah you right. It's depend though, In my country the inflation rate a bit high every years and keep increase.. It's really affect the price of bitcoin in my country.
You will need a lot of bitcoins to retire because you will never know what will happen with the bitcoin, maybe the bitcoin is getting to a high amount maybe it will collapse so its difficult to say how much you need for it.
Exactly, cannot be sure what exact amount of bitcoin can take care of us in future, as the future and the price of bitcoin is uncertain and unpredictable so cannot judge the exact value to hold.
The price of bitcoin in a specific time point is uncertain, but the general trend of the price is going up for the long term.
You will need a lot of bitcoins to retire because you will never know what will happen with the bitcoin, maybe the bitcoin is getting to a high amount maybe it will collapse so its difficult to say how much you need for it.
Exactly, cannot be sure what exact amount of bitcoin can take care of us in future, as the future and the price of bitcoin is uncertain and unpredictable so cannot judge the exact value to hold.
You will need a lot of bitcoins to retire because you will never know what will happen with the bitcoin, maybe the bitcoin is getting to a high amount maybe it will collapse so its difficult to say how much you need for it.
I think totally depends on what country we live in, what is the inflation rate at a moment and what would be the inflation rate after 20 years, depending on that you need to calculate how much bitcoins you need.
no matter how much calculations you do, you'll never know how many coins you need as no one knows what the bitcoin price will do in the future. you just need to make sure you have plenty of coins already. then you will be just fine.
Yeah even 1 btc can take care of us or else even 1000 btc would not be enough, as we don't know where bitcoin will stand after 20 years, so its better that we hold more number of coins.
Some round number will 100 be enough or more what you all think
I think totally depends on what country we live in, what is the inflation rate at a moment and what would be the inflation rate after 20 years, depending on that you need to calculate how much bitcoins you need.
no matter how much calculations you do, you'll never know how many coins you need as no one knows what the bitcoin price will do in the future. you just need to make sure you have plenty of coins already. then you will be just fine.
I think totally depends on what country we live in, what is the inflation rate at a moment and what would be the inflation rate after 20 years, depending on that you need to calculate how much bitcoins you need.
To be safe, get two Bitcoins.
two bitcoins on 2014 is also not enough,on that year maximum prce is $600 and its really not enough for 20 years,you need 100 more bitcoins.In 20 years, I think the price will be around $100,000 each, so 100 coins is quite a lot of money to me.
Stop dreaming mate, that value is simply not possible, and 20 years are too long to think, better we believe in present and act and react accordingly.
Best advice yet.
To be safe, get two Bitcoins.
two bitcoins on 2014 is also not enough,on that year maximum prce is $600 and its really not enough for 20 years,you need 100 more bitcoins.In 20 years, I think the price will be around $100,000 each, so 100 coins is quite a lot of money to me.
Stop dreaming mate, that value is simply not possible, and 20 years are too long to think, better we believe in present and act and react accordingly.
To be safe, get two Bitcoins.
two bitcoins on 2014 is also not enough,on that year maximum prce is $600 and its really not enough for 20 years,you need 100 more bitcoins.In 20 years, I think the price will be around $100,000 each, so 100 coins is quite a lot of money to me.
To be safe, get two Bitcoins.
two bitcoins on 2014 is also not enough,on that year maximum prce is $600 and its really not enough for 20 years,you need 100 more bitcoins. 
It's not very likely that Bitcon will reach 100,000 $. The price will go up, I'm sure of it, but that much? Nope. So, you better collect as much coins as you can.
Well said its not true the price of bitcoin touching $10000. If such incident occurs surely bitcoin will get vanished. To the max it can reach value of $3000, but it won't even get stagnant at $3000.
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.
Bitcoins need to retire in 20 years are depended on the country where you reside, like i am residing in India, so according to the conversion to fiat currency and current value of bitcoin , for a well future of my family i need around 250 btc if the value goes more than it will be a bonus of getting luxury life. so like this it can be calculated according to the respective country.
Interesting topic 
I've been thinking the same, but for my kids' college funds. The amound needed can be anywhere from infinite (bitcoin worthless) to a fraction of a bitcoin (bitcoin worth millions of dollars).
Either way, you're 7 years too late buying now. Like any price-guess-topic, I think it's safe to say bitcoin won't increase 100,000 times in price again as it did the past 7 years.
Of course, like all investments, it's wise to diversify. Although bitcoin has outperformed the stock market in the past year, that is no guarantee for the future.
I've been thinking the same, but for my kids' college funds. The amound needed can be anywhere from infinite (bitcoin worthless) to a fraction of a bitcoin (bitcoin worth millions of dollars).Either way, you're 7 years too late buying now. Like any price-guess-topic, I think it's safe to say bitcoin won't increase 100,000 times in price again as it did the past 7 years.
Of course, like all investments, it's wise to diversify. Although bitcoin has outperformed the stock market in the past year, that is no guarantee for the future.
if the price is the same as it is today, it may take more than 150 BTC to make my dream come true. maybe if the price of bitcoin is still $ 400 in the next 20 years, then I need very much bitcoin, probably 200 BTC
Yeah, totally depends on the price of bitcoin in future, as we don't know where bitcoin would be standing after 20 years, so its better to hold a high volume of bitcoins.
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