How many bitcoins do I need to retire in 20 years? - page 80.

freakying99

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Quote from: crairezx20 on February 18, 2016, 11:55:02 PM

Honestly its hard to reach this amount of bitcoin even a 1 bitcoin is hard to collect in 1 month..

It obviously depends on the skills you offer or the type of knowledge you hold.There are people making tons of coins a day and without much involvement of theirs.

Quote from: crairezx20 on February 18, 2016, 11:55:02 PM

But if you wait in years i think you need 100 years to collect 50 or more bitcoins..

I think even in Africa people can earn more than 1 bitcoin a year,so that is not true.

Quote from: Sturgeon on February 18, 2016, 10:26:33 PM

if you life at asia i think 100btc is more than enough to retire

Might be possible in Zimbabwe and else too.

crairezx20

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I think you need 50 to 70 bitcoin to retire in your regular job in some some countries you will be a millionaire if you sell this ampount of bitcoin..
Honestly its hard to reach this amount of bitcoin even a 1 bitcoin is hard to collect in 1 month.. But if you wait in years i think you need 100 years to collect 50 or more bitcoins..

Sturgeon

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Quote from: bitlost on February 18, 2016, 08:35:52 AM

wELL, With current price, BTC100 would be nothing if you are to retire... We don't know what the future will be, as it is uncertain... But one thing is for sure that we are definitely going to enter the sky during these years, if not months. So, BTC100 could also help one to retire if the price reaches x10 or x100 from where it is at, currently.

it depends on where you live and how much the cost of living will you spend each month, if you life at asia i think 100btc is more than enough to retire

wildan88

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Quote from: azguard on February 18, 2016, 06:24:52 AM

Quote from: BowYang on February 18, 2016, 03:37:26 AM

It depends on the price in 20 years. Maybe it will be worthless.

not gonna happen it wont be worthless
considering upcoming tread in adoption i would like to have at least one in stock for every year if more is possible then its better

yeah I think in 20 years bitcoin will have a good change. like many who adopt or some countries already use it legally.

bitlost

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wELL, With current price, BTC100 would be nothing if you are to retire... We don't know what the future will be, as it is uncertain... But one thing is for sure that we are definitely going to enter the sky during these years, if not months. So, BTC100 could also help one to retire if the price reaches x10 or x100 from where it is at, currently.

diodio5

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Quote from: BowYang on February 18, 2016, 03:37:26 AM

It depends on the price in 20 years. Maybe it will be worthless.

of course bitcoin price will be more worthless dude. yeah true depend on the price at that time. but we don't know. what the price is going to happen in 20 years from now, we can only guess. may reach $ 2,000,
how much do you need?

azguard

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Quote from: BowYang on February 18, 2016, 03:37:26 AM

It depends on the price in 20 years. Maybe it will be worthless.

not gonna happen it wont be worthless
considering upcoming tread in adoption i would like to have at least one in stock for every year if more is possible then its better

BowYang

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It depends on the price in 20 years. Maybe it will be worthless.

Pattart

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Quote from: mrflibblehat on February 17, 2016, 09:48:21 PM

How many bitcoins to retire? Well, as many as you humanly can.

while you still can produce, collect as much as possible, it would mean after you retire

axxo

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Bag hold as many bitcoin as you can with no definite amount, it will be the best retirement you'll ever need.

goinmerry

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Quote from: blackbird307 on February 17, 2016, 08:28:10 AM

One bitcoin a day keeps the doctor away. So you know - as many as you can get your hands on.

Wow. I thought that was an apple? So it was changed to bitcoin? Nice expression. Well we should just really keep collecting until the price is right and where you are all tired and want to sell it. It will be a huge amount when that time comes.

squatz1

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Would you be investing these bitcoins as you go also or just to pile them all / stockpile them up?

mrflibblehat

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How many bitcoins to retire? Well, as many as you humanly can.

Sturgeon

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Quote from: blackbird307 on February 17, 2016, 08:28:10 AM

One bitcoin a day keeps the doctor away. So you know - as many as you can get your hands on.

agree with you as many as you can get is best choice, if we can reach 50bitcoin is good and enough for me, but if you can reach more than it maybe 100bitcoin is better than you choose only 50bitcoin Roll Eyes

martinacar

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Quote from: wikenpp on February 17, 2016, 01:07:09 PM

I think you will need a lot of Bitcoins. More then 50 I think. Bitcoin is difficult to excpect what the value will be after 1 week.
It is hard to predict. So I dont think that you must live only with bitcoins, its better if you have a job.

You will need a lot of them for sure, because otherwise you can not get rich.
The question also will be will the bitcoin even exist in about 20 years ? I think it will dispensary if I'm honest.

wikenpp

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I think you will need a lot of Bitcoins. More then 50 I think. Bitcoin is difficult to excpect what the value will be after 1 week.
It is hard to predict. So I dont think that you must live only with bitcoins, its better if you have a job.

blackbird307

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One bitcoin a day keeps the doctor away. So you know - as many as you can get your hands on.

nanonymousx

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You probably need around 2,000 or 3,000 coins with the price not moving forward massively "although you can never predict the money price with bitcoins" and if you are living in a first world country.

Betwrong

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Quote from: Bazelak on February 17, 2016, 05:18:56 AM

Quote from: Pitchblackroom on February 16, 2016, 03:51:37 PM

I would say 50-100 Bitcoin looks like a very safe bet, really depends on how the market looks in 20 years.

100 bitcoin will be more than enough. I think the price of bitcoin will be at least $20,000 in 20 years.

Of course we can't be 100% sure but I also think that in 20 years Bitcoin will be somewhere between $10,000 and $20,000 per coin. And of course we don't say that the price will be so high because of inflation, we mean Dollar as it is today, with its today's purchasing power.

socks435

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I think 50 btc is enough for me because in my country if i exchange it into fiat here in my country i will be a millionaire and i can start a business with this money... So i will be retire in my job if i had it.. But for now i need more time and i need more bitcoins to collect.. after having more bitcoin in my wallet i will buy a newborn hardware asic miner that can be profitable here in my country to collect more bitcoins..

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