How many bitcoins do I need to retire in 20 years? - page 85.

Denker

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Quote from: futureofbitcoin on February 06, 2016, 09:10:49 PM

Quote from: MTBTT on February 06, 2016, 07:45:04 PM

Quote from: Dolmater on February 06, 2016, 06:50:31 AM

If the bitcoin price reaches $1million in 20 years, you just need two bitcoin. It depends on the adoption of the bitcoin in general.

I think its impossible in 20 years maybe price will be around $2000-$7000
that's obvious you need a lot of bitcoin before retirement

another idiot.

If bitcoin doesn't go up significantly, people will give up and sell their bitcoins, crashing the price.

Yes a value of $2000-$7000 would be nothing more than a big disappointment.
It's either a very high value or it will be worth nothing and something else replaced Bitcoin.
In 20 years we will know what happened.

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Quote from: MTBTT on February 06, 2016, 07:45:04 PM

Quote from: Dolmater on February 06, 2016, 06:50:31 AM

If the bitcoin price reaches $1million in 20 years, you just need two bitcoin. It depends on the adoption of the bitcoin in general.

I think its impossible in 20 years maybe price will be around $2000-$7000
that's obvious you need a lot of bitcoin before retirement

Yes and we cannot be sure that would be the exact amount of bitcoins we should hold at the time of retirement, as it totally depends on the value of bitcoins after 20 years and at a moment it is difficult to predict the future value of bitcoin.

futureofbitcoin

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Quote from: MTBTT on February 06, 2016, 07:45:04 PM

Quote from: Dolmater on February 06, 2016, 06:50:31 AM

If the bitcoin price reaches $1million in 20 years, you just need two bitcoin. It depends on the adoption of the bitcoin in general.

I think its impossible in 20 years maybe price will be around $2000-$7000
that's obvious you need a lot of bitcoin before retirement

another idiot.

If bitcoin doesn't go up significantly, people will give up and sell their bitcoins, crashing the price.

MTBTT

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Quote from: Dolmater on February 06, 2016, 06:50:31 AM

If the bitcoin price reaches $1million in 20 years, you just need two bitcoin. It depends on the adoption of the bitcoin in general.

I think its impossible in 20 years maybe price will be around $2000-$7000
that's obvious you need a lot of bitcoin before retirement

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Quote from: Mr. Big on February 06, 2016, 07:56:25 AM

Quote from: Dolmater on February 06, 2016, 06:50:31 AM

If the bitcoin price reaches $1million in 20 years, you just need two bitcoin. It depends on the adoption of the bitcoin in general.

$1 million is very high in 20 years, but who knows..lets just hope that bitcoin would live that long, and yes, adoption would make bitcoins last long,,
you will be having a very good life if you have that amount of money..

We only need the bitcoin price to rise 47% a year for it to reach $1,000,000 in 20 years time.

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Quote from: Mr. Big on February 06, 2016, 07:56:25 AM

Quote from: Dolmater on February 06, 2016, 06:50:31 AM

If the bitcoin price reaches $1million in 20 years, you just need two bitcoin. It depends on the adoption of the bitcoin in general.

$1 million is very high in 20 years, but who knows..lets just hope that bitcoin would live that long, and yes, adoption would make bitcoins last long,,
you will be having a very good life if you have that amount of money..

That would be dream come true for all of us if the bitcoin reaches to $1 million, and who knows it might reach to that value, we cannot predict the exact price of bitcoin in next 20 years, but yes even if it reached $10k then that would be a descent value.

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Quote from: Dolmater on February 06, 2016, 06:50:31 AM

If the bitcoin price reaches $1million in 20 years, you just need two bitcoin. It depends on the adoption of the bitcoin in general.

$1 million is very high in 20 years, but who knows..lets just hope that bitcoin would live that long, and yes, adoption would make bitcoins last long,,
you will be having a very good life if you have that amount of money..

Dolmater

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If the bitcoin price reaches $1million in 20 years, you just need two bitcoin. It depends on the adoption of the bitcoin in general.

futureofbitcoin

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Quote from: romero121 on February 06, 2016, 02:11:33 AM

Quote from: Dux2K on February 05, 2016, 04:41:31 PM

Every year from two per year think 40 will be fine and good
Enyone else thinks the same

Your suggestion is good. Its very easy to earn two bitcoins per year. You need to have much focus towards signature campaigns as well as trading.
At times you may earn a half of a bitcoin price when there is sudden hike in price. Try to earn atleast 40 which will help for your future.

Idiots.

What if bitcoin becomes $100,000 each at some point? Will it still be easy to earn 2 bitcoins a year?

You idiots are treating bitcoin like a bluechip stock or something. It isn't. It's a highly risky thing that will either go up 100x+ or go down to a very low value.

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Quote from: Dux2K on February 05, 2016, 04:41:31 PM

Every year from two per year think 40 will be fine and good
Enyone else thinks the same

Your suggestion is good. Its very easy to earn two bitcoins per year. You need to have much focus towards signature campaigns as well as trading.
At times you may earn a half of a bitcoin price when there is sudden hike in price. Try to earn atleast 40 which will help for your future.

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Every year from two per year think 40 will be fine and good
Enyone else thinks the same

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Quote from: lrdeoliveira on February 05, 2016, 08:40:55 AM

we can't answer this question, also whit 10000 bitcoin if something go wrong you may end up with absolutely nothing in his hand, for this consideration i like to think in $

But when nothing will be left on his hands, what will you give worth to???
If there won't be any BTC with him, how will he retire???
He's talking all about Bitcoins I guess..

lrdeoliveira

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we can't answer this question, also whit 10000 bitcoin if something go wrong you may end up with absolutely nothing in his hand, for this consideration i like to think in $

gregyoung14

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Quote from: wildan88 on February 04, 2016, 11:26:52 AM

Quote from: jchst on February 03, 2016, 02:05:07 PM

I think 1000 BTC will be enough for someone to retire after 20 years particularly if btc price moves up significantly.

1000BTC of course it's very enough. but it's hard to get as much of it. even if the price of BTC moved significantly I think 100-200 bitcoin enough to retire.

Haha. No! 1000BTCs sounds good to me! Get as much as you want, get as much as you need. Haha. But i dont think 200 is enough to retire. Not unless the 1200dollars exchange is here already. And if so, everyone's on their own launchpad rocket goodbye away.

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Quote from: ajun96 on February 04, 2016, 09:37:43 PM

Quote from: goinmerry on February 04, 2016, 12:41:25 AM

Quote from: jchst on February 03, 2016, 02:05:07 PM

I think 1000 BTC will be enough for someone to retire after 20 years particularly if btc price moves up significantly.

Wow that is a lot of btc there. You can even do a business of loaning some of the services here to start their profiting. Perhaps if I have that large amount I would really panic if the price of bitcoin gets low.

yeah same to me. i think who people have that much amount now. they will always spot heart lol because now price is fall
but don't be panic if you choose this for long term investment

This price of bitcoin would be the great time to buyback actually it is a little late because it grew like 10 dollars or more now. But you can still profit some if you buy now.

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Quote from: g-unit on February 04, 2016, 02:51:35 PM

Let's say bitcoin only ever gets to 10K a coin (very realistic scenario). 200 BTCs would be $2 million USD. Depending on your age, that would be enough, and depending on your other assets. There's a lot of money to be made with bitcoin.

$10k should be reachable with 5 years if the bitcoin gets used more and lots of transactions are happening on the blockchain.

ajun96

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Quote from: goinmerry on February 04, 2016, 12:41:25 AM

Quote from: jchst on February 03, 2016, 02:05:07 PM

I think 1000 BTC will be enough for someone to retire after 20 years particularly if btc price moves up significantly.

Wow that is a lot of btc there. You can even do a business of loaning some of the services here to start their profiting. Perhaps if I have that large amount I would really panic if the price of bitcoin gets low.

yeah same to me. i think who people have that much amount now. they will always spot heart lol because now price is fall
but don't be panic if you choose this for long term investment

Pab

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Quote from: shane on February 04, 2016, 06:37:48 PM

Quote from: bitlancr on February 04, 2016, 09:22:22 AM

I think you need a lot of bitcoin to retire in 20 years, it could be possible if the bitcoins will rise to a high amount. Maybe it will happen but I think the bitcoin will be gone by than in my opinion the bitcoin will hold 10 years from now.

better to sell your bitcoin at high price then keep it on fiat (if you scared about bitcoin price)
i think someday in future bitcoin can reach $10.000 again

It has been never $10.000 ,1200$ it was top,to early for btc to think about retirement in 20 years
Where world will be in 1 year,for sure it is time of new technology

shane

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Quote from: bitlancr on February 04, 2016, 09:22:22 AM

I think you need a lot of bitcoin to retire in 20 years, it could be possible if the bitcoins will rise to a high amount. Maybe it will happen but I think the bitcoin will be gone by than in my opinion the bitcoin will hold 10 years from now.

better to sell your bitcoin at high price then keep it on fiat (if you scared about bitcoin price)
i think someday in future bitcoin can reach $10.000 again

g-unit

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Let's say bitcoin only ever gets to 10K a coin (very realistic scenario). 200 BTCs would be $2 million USD. Depending on your age, that would be enough, and depending on your other assets. There's a lot of money to be made with bitcoin.

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