How many bitcoins do I need to retire in 20 years? - page 87.

Supercrypt

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Quote from: Tarantino on February 02, 2016, 11:30:25 AM

Quote from: wildan88 on February 02, 2016, 11:21:16 AM

in the next 20 years I might only be able to collect up to 100-200 bitcoin. so I will hold 100-200 bitcoin to see the price $10,000 in 20 years to come

Bitcoin might have failed by then... or maybe the fiat economy will have and 1btc will be worth thousands Grin

. I think 100 bitcoins would be a nice amount to have and hold, though. I think bitcoin will hopefully go back to 1k again at some point and depending on where you live 100k could make your life very comfortable. I know I could survive off that for probably 50 years if you only have to pay rent and food etc. Pesonally I wouldnt set myself goals and just keep a nice amount in btc but one you could afford to lose as nothing is certain.

Bitcoins wouldn't fail in the next 20 years but it would be replaced by another virtual currency similar to other rewards given by banks and websites while shopping. If bitcoins still exist, 10 bTC also would be enough as an investment as now itself the price is about $400 and the price would most probably rise in future as there are very coins left to mine and in 1 year almost all coins would be mined making the price stable.

frostice

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you would need like a thousand of coins in order to do that

PizzaBTC

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50 BTC would be enough to have a good amount for retirement. If bitcoins are worth over $5000 by then, the amount would be valued at $250000 and the interest is enough to live a peaceful life. Holding over 50 BTC would be a huge risk which isn't worth.

wuvdoll

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Quote from: equilibriator on February 02, 2016, 11:29:00 AM

Depending on the price of BTC in 20 years and depending on your location in the world, If BTC is worth $1000 Then I think a decent amount for a first-world resident would be 1000 BTC, it won't be enough to buy a yacht but would allow reasonable living conditions "if USD hasn't deflated in value that much"

I don't think bitcoins would last long and hence I won't be saving over 10 bTC as of now. If BTC does last for the next 20 years, $1000 would be too less per BTC as by then the prices would be higher and $1000 by then would be worth $100 today. It should be a 5 digit figure at least.

futureofbitcoin

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Quote from: Tarantino on February 02, 2016, 11:30:25 AM

Quote from: wildan88 on February 02, 2016, 11:21:16 AM

in the next 20 years I might only be able to collect up to 100-200 bitcoin. so I will hold 100-200 bitcoin to see the price $10,000 in 20 years to come

Bitcoin might have failed by then... or maybe the fiat economy will have and 1btc will be worth thousands Grin

. I think 100 bitcoins would be a nice amount to have and hold, though. I think bitcoin will hopefully go back to 1k again at some point and depending on where you live 100k could make your life very comfortable. I know I could survive off that for probably 50 years if you only have to pay rent and food etc. Pesonally I wouldnt set myself goals and just keep a nice amount in btc but one you could afford to lose as nothing is certain.

Why are people so stupid? you're saying if fiat fails, 1 btc will only be worth "thousands"?

come on, don't you people have brains?

If bitcoin is only worth $1000 in 20 yrs, why the hell would you want bitcoins? Huh

Tarantino

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Quote from: wildan88 on February 02, 2016, 11:21:16 AM

in the next 20 years I might only be able to collect up to 100-200 bitcoin. so I will hold 100-200 bitcoin to see the price $10,000 in 20 years to come

Bitcoin might have failed by then... or maybe the fiat economy will have and 1btc will be worth thousands Grin

. I think 100 bitcoins would be a nice amount to have and hold, though. I think bitcoin will hopefully go back to 1k again at some point and depending on where you live 100k could make your life very comfortable. I know I could survive off that for probably 50 years if you only have to pay rent and food etc. Pesonally I wouldnt set myself goals and just keep a nice amount in btc but one you could afford to lose as nothing is certain.

equilibriator

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Depending on the price of BTC in 20 years and depending on your location in the world, If BTC is worth $1000 Then I think a decent amount for a first-world resident would be 1000 BTC, it won't be enough to buy a yacht but would allow reasonable living conditions "if USD hasn't deflated in value that much"

wildan88

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in the next 20 years I might only be able to collect up to 100-200 bitcoin. so I will hold 100-200 bitcoin to see the price $10,000 in 20 years to come

dragonusa9

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Quote from: enhu on February 01, 2016, 09:43:53 AM

How possibly could you see how much btcs value in the next 20 years. After humans can never have enough, you may need to have 10K BTC. if you intend to live comfortable on an island of your own and a helipad on the rooftop while your yatch just stay on your front warf.

the thing look so fancy there, how about in the small town that comfortable?
in small town you only need 10~150 BTC if the price average $500 Grin

angryrob

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Quote from: randy8777 on February 01, 2016, 09:34:08 AM

Quote from: Mr. Big on February 01, 2016, 07:43:21 AM

if you have atleast 100 BTC right now, then after 20 years you will have a good life, but the price that time should not be lower than $1000 but if the price falls, then its a different story... Cheesy

100 btc is a very large amount, even with todays price. if the price reaches at least $1000 then these coins will be worth a good $100,000. take in consideration that a lot people here are also working. they are building up retirement money also there. the bitcoin money will be a good bonus.

Yes it can be a good bonus at the time of retirement, as you will also get benefits from your organisation when you retired, so income from bitcoins could be a added advantage to an individual which can give you the best life in future.

enhu

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How possibly could you see how much btcs value in the next 20 years. After humans can never have enough, you may need to have 10K BTC. if you intend to live comfortable on an island of your own and a helipad on the rooftop while your yatch just stay on your front warf.

randy8777

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Quote from: Mr. Big on February 01, 2016, 07:43:21 AM

if you have atleast 100 BTC right now, then after 20 years you will have a good life, but the price that time should not be lower than $1000 but if the price falls, then its a different story... Cheesy

100 btc is a very large amount, even with todays price. if the price reaches at least $1000 then these coins will be worth a good $100,000. take in consideration that a lot people here are also working. they are building up retirement money also there. the bitcoin money will be a good bonus.

Mitchow

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Quote from: Mr. Big on February 01, 2016, 07:43:21 AM

if you have atleast 100 BTC right now, then after 20 years you will have a good life, but the price that time should not be lower than $1000 but if the price falls, then its a different story... Cheesy

Exactly, totally depends on the price of bitcoins after 20 years, we don't know where it will stand in future, even 10 btc can take care of you or 100 btc will not be enough to have a good retirement life. And also depends on in which country you live.

Mr. Big

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While my guitar gently weeps!!!

if you have atleast 100 BTC right now, then after 20 years you will have a good life, but the price that time should not be lower than $1000 but if the price falls, then its a different story... Cheesy

blackmachinegun

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Quote from: busybee7 on January 31, 2016, 03:18:51 PM

you would need a really huge amount of bitcoins in order to do that you would need something like 400

I think produces 400 bitcoin within 20 years is quite difficult. If you do not have a good way to generate bitcoin, it will be very difficult

romero121

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Quote from: bit1 on January 31, 2016, 06:34:42 PM

Maybe you will buy a big diamond with 1 btc, who knows.

It may happen as said, but no matter how many bitcoins you own.
Coming years it may create a scenario like people who has a
bitcoin itself is rich or even he might be a millionaire

ajun96

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Quote from: OrangeII on January 31, 2016, 11:11:40 AM

I want to have many bitcoin at the time, come back I want to have 1000 bitcoin, but it is very difficult to collect bitcoin that much, even 1 bitcoin is quite difficult for today Grin

if you were to join in the early launching of bitcoin. buy 1000 BTC is a very easy thing, may only need $ 500 ~, to buy 1000 BTC, but who want to buy as much as it was in at the time?
they all do not know the future of bitcoin. right ?

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Quote from: angaper on January 31, 2016, 06:54:43 PM

You should work hard today, when you are still a young person in order to save and invest the enough capital to ensure your future, because there is a great uncertainty about the future of digital currencies and your retirement should not depend on this volatile option.

Partially incorrect, volatility is best taken when young because higher returns lead to high risks but time duration and the power of inflation are still on your side as you get older your risk profile becomes less and less volatile because you start relying more on that money.
Basically volatile is best if your young and conservative starts getting more important later on.

angaper

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You should work hard today, when you are still a young person in order to save and invest the enough capital to ensure your future, because there is a great uncertainty about the future of digital currencies and your retirement should not depend on this volatile option.

bit1

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Maybe you will buy a big diamond with 1 btc, who knows.

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