How many bitcoins do I need to retire in 20 years? - page 82.

Nemesis099

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Quote from: buddycool on February 12, 2016, 07:44:29 AM

Whatever you earn, you try to inves it into something profitable. The money earmed may end, but investmemts returns... Also living expenses are increasing day by day, so we habe to think about our future before retiring...

That's true and we also need to keep in mind the inflation rate after 20 years, so we need to plan accordingly as we are not sure what would be the inflation rate and what would be the exact value of bitcoin in future.

ampere

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I don't know what exact amount to hold at the time of retirement, as I don't know whether bitcoin will survive that long or not, but lets hope that it survives and benefit us in future, I would be satisfied with what I would be holding after 20 years.

doctor877

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Looking at my lifestyle I believe I need 100 btc at the time of retirement, but again I am not sure what would be the value of bitcoin at that particular time, so I would try to go beyond 100 btc, why to take chances??

iamthesky

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Quote from: Dux2K on February 12, 2016, 09:42:14 AM

Quote from: buddycool on February 12, 2016, 07:44:29 AM

Whatever you earn, you try to inves it into something profitable. The money earmed may end, but investmemts returns... Also living expenses are increasing day by day, so we habe to think about our future before retiring...

You put this right the more we can save the ore we can enjoy in it

Yeah save your money into bitcoins if you can afford to do it now, as the price is low at a moment, you can try to buy or earn as much bitcoins as possible, so that you can enjoy good and lavish retired life.

Dux2K

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Quote from: buddycool on February 12, 2016, 07:44:29 AM

Whatever you earn, you try to inves it into something profitable. The money earmed may end, but investmemts returns... Also living expenses are increasing day by day, so we habe to think about our future before retiring...

You put this right the more we can save the ore we can enjoy in it

buddycool

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Whatever you earn, you try to inves it into something profitable. The money earmed may end, but investmemts returns... Also living expenses are increasing day by day, so we habe to think about our future before retiring...

fruitcommander

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Quote from: pneumatic5 on February 12, 2016, 06:56:46 AM

Quote from: azguard on February 12, 2016, 04:17:57 AM

Quote from: Mr.grin on February 12, 2016, 04:11:20 AM

Quote from: Nameless Coin on February 12, 2016, 03:58:26 AM

I think then that you really need to have hundreds there.
Because you never know what the value is. And if the value is very small you also have nothing to do.

Well, you're right, we need a bitcoin as much at the time, because we will not know the price of bitcoin at the time, and if I collect now maybe I just get 100 BTC and I need more than 1000 BTC

dont underestimate btc in anyway
realistically you will need between 20-50 in 20 years to have some dissent amount to retire or to enjoy in your retirement

agreed on you that the more you have the better it is but collect this amount first then collect above it

Exactly and its not easy to collect 20-50 btc overnight, you need to work hard and make continues efforts to multiply your bitcoins, so its always good if we have more number of bitcoins in our wallet.

Agreed, and also depends on your lifestyle and the country you are living in, if the inflation rate is not too high in your country then even small amount of bitcoins can take of you in a great way, but you should hold atleast 20% more then you require.

pneumatic5

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Quote from: azguard on February 12, 2016, 04:17:57 AM

Quote from: Mr.grin on February 12, 2016, 04:11:20 AM

Quote from: Nameless Coin on February 12, 2016, 03:58:26 AM

I think then that you really need to have hundreds there.
Because you never know what the value is. And if the value is very small you also have nothing to do.

Well, you're right, we need a bitcoin as much at the time, because we will not know the price of bitcoin at the time, and if I collect now maybe I just get 100 BTC and I need more than 1000 BTC

dont underestimate btc in anyway
realistically you will need between 20-50 in 20 years to have some dissent amount to retire or to enjoy in your retirement

agreed on you that the more you have the better it is but collect this amount first then collect above it

Exactly and its not easy to collect 20-50 btc overnight, you need to work hard and make continues efforts to multiply your bitcoins, so its always good if we have more number of bitcoins in our wallet.

azguard

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Quote from: Mr.grin on February 12, 2016, 04:11:20 AM

Quote from: Nameless Coin on February 12, 2016, 03:58:26 AM

I think then that you really need to have hundreds there.
Because you never know what the value is. And if the value is very small you also have nothing to do.

Well, you're right, we need a bitcoin as much at the time, because we will not know the price of bitcoin at the time, and if I collect now maybe I just get 100 BTC and I need more than 1000 BTC

dont underestimate btc in anyway
realistically you will need between 20-50 in 20 years to have some dissent amount to retire or to enjoy in your retirement

agreed on you that the more you have the better it is but collect this amount first then collect above it

Mr.grin

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Quote from: Nameless Coin on February 12, 2016, 03:58:26 AM

I think then that you really need to have hundreds there.
Because you never know what the value is. And if the value is very small you also have nothing to do.

Well, you're right, we need a bitcoin as much at the time, because we will not know the price of bitcoin at the time, and if I collect now maybe I just get 100 BTC and I need more than 1000 BTC

Nameless Coin

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I think then that you really need to have hundreds there.
Because you never know what the value is. And if the value is very small you also have nothing to do.

ajun96

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Quote from: ronaldo40 on February 10, 2016, 10:40:25 PM

Quote from: Yoga4 on February 10, 2016, 08:49:56 PM

You will need the magic number of 20 bitcoins to retire COMFORTABLY in 20 years.

20 bitcoin too small to retire in 20 years. 20 bitcoin might be worth if bitcoin prices could touch $100,000 in 20 years.

agree i think 20 btc its too small, You can get over it in 20 years. collect bitcoin as much as possible, because we do not know the price in another 20 years will go up or down

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Quote from: Xsinx on February 11, 2016, 10:08:12 AM

300BTC you can live a nice healthy living on a 3rd world country and with pretty young girls on your side

Life might seem to be cheap in 'third world' countries but in the long run it is not the case. I have seen many retirees heading to these countries and marrying the young girls who later end up exploiting and leaving them broke.

STT

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If bitcoin is around in 20 years then yea I agree. With that fixed limit and a world growing population you have most of the maths to answer the OP question, 300 btc wont be needed. Just lasting 20 years proves the concept of BTC has worked well not a failure and so its very much implied the price will be greatly enhanced by a wider spectrum of demand. I believe over 10k per coin unless it existed purely as an experiment or token currency only somehow (and who with much effort would really bother that long consistently) then Im thinking way higher like 100k per coin, so 10 or 20 coins is fine.

If it exists 2036, its risen alot no argument in my book as it'll have to fight off considerable competetion from all sorts of technology both legitimate and obviously hack attacks and such like :p Even its own makers may turn the tables on it sell out and try to beat it, all sorts occurs in time. Time tested as they say

thejaytiesto

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Quote from: sirohige on February 10, 2016, 08:21:17 PM

Quote from: masyari on February 10, 2016, 01:50:26 AM

Quote from: Anddos on February 09, 2016, 05:41:18 PM

Yeah - I'd like to see that but I don't think we'll live to see 30.000 $ for one bitcoin.

ideal bitcoin prices in 20 years to come, maybe not as big as it

in my opinion $5.000 is more reasonable price for bitcoin after 20years, and better for you start earning and hold 50% of your earning at bitcoin as invest Wink

We will reach $5.000 soon, it's impossible that in 20 years the price is that low, it would mean Bitcoin failed.

If Bitcoin is still around in 20 years, it must be at around 100.000 USD, anything else is a failure. There is a lot of fiat out there, so it's possible to have a marketcap on the trillions.

Xsinx

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300BTC you can live a nice healthy living on a 3rd world country and with pretty young girls on your side

ronaldo40

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Quote from: Bazelak on February 11, 2016, 03:18:31 AM

Quote from: ronaldo40 on February 10, 2016, 10:40:25 PM

Quote from: Yoga4 on February 10, 2016, 08:49:56 PM

You will need the magic number of 20 bitcoins to retire COMFORTABLY in 20 years.

20 bitcoin too small to retire in 20 years. 20 bitcoin might be worth if bitcoin prices could touch $100,000 in 20 years.

It depends on where you live. If you live a simple life, $1 million is more than enough to live comfortably.

I think wherever you live $1 million was a very decent. but maybe if in asian, the value is more than enough.

Bazelak

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Quote from: ronaldo40 on February 10, 2016, 10:40:25 PM

Quote from: Yoga4 on February 10, 2016, 08:49:56 PM

You will need the magic number of 20 bitcoins to retire COMFORTABLY in 20 years.

20 bitcoin too small to retire in 20 years. 20 bitcoin might be worth if bitcoin prices could touch $100,000 in 20 years.

It depends on where you live. If you live a simple life, $1 million is more than enough to live comfortably.

ronaldo40

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Quote from: Yoga4 on February 10, 2016, 08:49:56 PM

You will need the magic number of 20 bitcoins to retire COMFORTABLY in 20 years.

20 bitcoin too small to retire in 20 years. 20 bitcoin might be worth if bitcoin prices could touch $100,000 in 20 years.

Yoga4

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You will need the magic number of 20 bitcoins to retire COMFORTABLY in 20 years.

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