How many bitcoins do I need to retire in 20 years? - page 8.

shugareward

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Quote from: wxa7115 on September 06, 2016, 06:00:00 PM

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Quote from: (o)(o)ilikeboobs(o)(o) on September 05, 2016, 12:35:01 PM

i think like 5 bitcoins will be enough, as you should have like 500k$ then

Such a small amount i can not retire if made only 5 btc.. its not enough for me. maybe in other country that you can live long with that amount of money..
For me 50 plus is enough for me to retire in 20 years because i can start my own business and be a boss.

the best option is as much as possible, for me if i can have 100bitcoin for retirementday i will very happy with it.

best option is always to have as much as possible considering that new features are up for next year expect that if we have 100 btc in that time we will want to have more
cuz no matter now much we have it not good enough

I respect your opinion but I can tell your frankly that I would be happy to have at least 100 BTC for my retirement, I am not ambitious enough to live a luxurious life because all I want is a simple life living in a peaceful place, and I know with 100 BTC I could live a decent life already.

Not only that but having 100BTC doesn’t mean that the coins sit idly, you could invest those coins, I am not an expert so this should not be taken as advice but if a person were to invest in several bitcoin casinos you could earn BTC while doing nothing, I think the amount you can earn is something like 2% to 4%.

you are right, i think 100 bitcoins would be not enough because bitcoins is not going to be that huge, you would need at least a thousand

wxa7115

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Quote from: (o)(o)ilikeboobs(o)(o) on September 05, 2016, 12:35:01 PM

i think like 5 bitcoins will be enough, as you should have like 500k$ then

Such a small amount i can not retire if made only 5 btc.. its not enough for me. maybe in other country that you can live long with that amount of money..
For me 50 plus is enough for me to retire in 20 years because i can start my own business and be a boss.

the best option is as much as possible, for me if i can have 100bitcoin for retirementday i will very happy with it.

best option is always to have as much as possible considering that new features are up for next year expect that if we have 100 btc in that time we will want to have more
cuz no matter now much we have it not good enough

I respect your opinion but I can tell your frankly that I would be happy to have at least 100 BTC for my retirement, I am not ambitious enough to live a luxurious life because all I want is a simple life living in a peaceful place, and I know with 100 BTC I could live a decent life already.

Not only that but having 100BTC doesn’t mean that the coins sit idly, you could invest those coins, I am not an expert so this should not be taken as advice but if a person were to invest in several bitcoin casinos you could earn BTC while doing nothing, I think the amount you can earn is something like 2% to 4%.

lavapits

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Quote from: (o)(o)ilikeboobs(o)(o) on September 05, 2016, 12:35:01 PM

i think like 5 bitcoins will be enough, as you should have like 500k$ then

well it really depends on the bitcoin price so we cannot estimate how much money would you need then, also i think that 5 bitcoins might be enough

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Quote from: (o)(o)ilikeboobs(o)(o) on September 05, 2016, 12:35:01 PM

i think like 5 bitcoins will be enough, as you should have like 500k$ then

it wouldnt be enough for sure, for retirement you would need more money if you want to live a good life, i think it would take at least 100 bitcoins

ajun96

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Quote from: springgers on September 05, 2016, 12:24:33 PM

That would depend on the value of bitcoin and how much would BTC be worth in 20 years which is by all ways almost impossible to predict, Generally I expect anything around the range of 500 BTC to 1000 BTC to be enough.

I think it is impossible to know the price of bitcoin will happen in the future? perhaps we can only predict how much prices will occur in the year and we can calculate how many bitcoin should be required in 20 years to come. may be about 500 BTC?

fugit00

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It really is a gamble as nobody knows what is going to happen in the future.For investing in a small number of bitcoin if it all goes bad then its a relatively small amount of money lost when spread over a span of 20 years.But it could also be the best financial decision of your life if its value skyrockets as some people think.

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Quote from: AlexBits on September 06, 2016, 04:46:35 AM

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Quote from: theshiki on August 26, 2016, 02:27:50 PM

The number of bitcoins will depend on the kind of life style you would want to live...you can consider using the bitcoins to set up your own company(s) maybe set up a family farm....The options are endless Huh

otherwise between 100-10000 bitcoins things should be okay for a retired bitcoiner

Lol I think 10k bitcoin is the amount that is too large. I'm sure you will not reach that amount even if you use a variety of methods to be used within a period of 20 years. unless you're running a large business then it is a popular business and explode. you can become a millionaire from it

its not too much, if you really want to live a decent life then the more bitcoins you will have the better it will be though thats just my opinion

Ofcourse the more the better but that's with anything money related. But realisticly you will need alot to retire. I am not even sure if bitcoin will survive for that long but if they you still don't know how much they will be worth at that time. It all depends on alot of variables which are unpredictable so if you are aiming for retirement it is best to just get as much as you can before big events happen.

Yeah and we cannot imagine what exact number of bitcoins will be sufficient for the retirement as it will also depend on the price of bitcoins so its better to have more number of coins.

AlexBits

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Quote from: dragunfly on August 29, 2016, 11:28:56 AM

Quote from: blackmachinegun on August 29, 2016, 06:39:21 AM

Quote from: theshiki on August 26, 2016, 02:27:50 PM

The number of bitcoins will depend on the kind of life style you would want to live...you can consider using the bitcoins to set up your own company(s) maybe set up a family farm....The options are endless Huh

otherwise between 100-10000 bitcoins things should be okay for a retired bitcoiner

Lol I think 10k bitcoin is the amount that is too large. I'm sure you will not reach that amount even if you use a variety of methods to be used within a period of 20 years. unless you're running a large business then it is a popular business and explode. you can become a millionaire from it

its not too much, if you really want to live a decent life then the more bitcoins you will have the better it will be though thats just my opinion

Ofcourse the more the better but that's with anything money related. But realisticly you will need alot to retire. I am not even sure if bitcoin will survive for that long but if they you still don't know how much they will be worth at that time. It all depends on alot of variables which are unpredictable so if you are aiming for retirement it is best to just get as much as you can before big events happen.

groll

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Quote from: (o)(o)ilikeboobs(o)(o) on September 05, 2016, 12:35:01 PM

i think like 5 bitcoins will be enough, as you should have like 500k$ then

Do not feel safe about 5 bitcoins for retirement in 20 years. Well if you are lucky you may have your guess of $100K of each bitcoin price. But bitcoin price is volatile and you cannot predict how much it will gain or when it will go low. If you want to be safe with your retirement, just earn as much as you can while you are able. And do not rely only on bitcoins. We do not hold the future.

Bitcoinbro

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All these people thinking it is that easy to get rich and thinking bitcoin will be worth 100k a pop are pretty crazy.
It will reach 5k a coin MAX if lucky, I don't see them getting any higher. They are already having trouble to reach the 750 right now it's just swinging back and forth around 600. How do you propose they would boost up to 100k a piece that's impossible. I think to retire in 20 years have as much as possible, try to invest what you can lose.

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Quote from: azguard on September 06, 2016, 12:27:58 AM

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Quote from: Bitcoinsummoner on September 05, 2016, 12:57:01 PM

Quote from: (o)(o)ilikeboobs(o)(o) on September 05, 2016, 12:35:01 PM

i think like 5 bitcoins will be enough, as you should have like 500k$ then

Such a small amount i can not retire if made only 5 btc.. its not enough for me. maybe in other country that you can live long with that amount of money..
For me 50 plus is enough for me to retire in 20 years because i can start my own business and be a boss.

the best option is as much as possible, for me if i can have 100bitcoin for retirementday i will very happy with it.

best option is always to have as much as possible considering that new features are up for next year expect that if we have 100 btc in that time we will want to have more
cuz no matter now much we have it not good enough

I respect your opinion but I can tell your frankly that I would be happy to have at least 100 BTC for my retirement, I am not ambitious enough to live a luxurious life because all I want is a simple life living in a peaceful place, and I know with 100 BTC I could live a decent life already.

Cozynunu

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If you want to retire in 20 years you need allot of coins that is what i can tell you you know that the price of the bitcoin is around the 600 dollar each so if you can calculate you need allot of them.

uncaer9

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i think in future bitcoin will reach $10.000 and stable at $5.000
my plan to saving arround 100btc to make my retirement day very beautiful

so i can share some bits to my son

Mr. Big

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Quote from: springgers on September 05, 2016, 12:24:33 PM

That would depend on the value of bitcoin and how much would BTC be worth in 20 years which is by all ways almost impossible to predict, Generally I expect anything around the range of 500 BTC to 1000 BTC to be enough.

Yeah, that would suffice, if the price would really increase to five figures...But if it won't reach that rate, I think it is better if we could find a steady source instead of savings..

Quote from: (o)(o)ilikeboobs(o)(o) on September 05, 2016, 12:35:01 PM

i think like 5 bitcoins will be enough, as you should have like 500k$ then

in 20 years time, that won't be possible... 20 years is not that far from today...

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Quote from: sirohige on September 05, 2016, 11:44:24 PM

Quote from: Bitcoinsummoner on September 05, 2016, 12:57:01 PM

Quote from: (o)(o)ilikeboobs(o)(o) on September 05, 2016, 12:35:01 PM

i think like 5 bitcoins will be enough, as you should have like 500k$ then

Such a small amount i can not retire if made only 5 btc.. its not enough for me. maybe in other country that you can live long with that amount of money..
For me 50 plus is enough for me to retire in 20 years because i can start my own business and be a boss.

the best option is as much as possible, for me if i can have 100bitcoin for retirementday i will very happy with it.

best option is always to have as much as possible considering that new features are up for next year expect that if we have 100 btc in that time we will want to have more
cuz no matter now much we have it not good enough

sirohige

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Quote from: Bitcoinsummoner on September 05, 2016, 12:57:01 PM

Quote from: (o)(o)ilikeboobs(o)(o) on September 05, 2016, 12:35:01 PM

i think like 5 bitcoins will be enough, as you should have like 500k$ then

Such a small amount i can not retire if made only 5 btc.. its not enough for me. maybe in other country that you can live long with that amount of money..
For me 50 plus is enough for me to retire in 20 years because i can start my own business and be a boss.

the best option is as much as possible, for me if i can have 100bitcoin for retirementday i will very happy with it.

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Quote from: (o)(o)ilikeboobs(o)(o) on September 05, 2016, 12:35:01 PM

i think like 5 bitcoins will be enough, as you should have like 500k$ then

Such a small amount i can not retire if made only 5 btc.. its not enough for me. maybe in other country that you can live long with that amount of money..
For me 50 plus is enough for me to retire in 20 years because i can start my own business and be a boss.

Mastsetad

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Quote from: (o)(o)ilikeboobs(o)(o) on September 05, 2016, 12:35:01 PM

i think like 5 bitcoins will be enough, as you should have like 500k$ then

Lol. For dreaming that is good but do not expect that much from anything because when expectations are not fulfilled you get hurt.
If bitcoin would grow to that amount per coin then we would not be alive to see that, because that might happen in next century.

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i think like 5 bitcoins will be enough, as you should have like 500k$ then

springgers

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That would depend on the value of bitcoin and how much would BTC be worth in 20 years which is by all ways almost impossible to predict, Generally I expect anything around the range of 500 BTC to 1000 BTC to be enough.

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