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Topic: How many bitcoins do I need to retire in 20 years? - page 88. (Read 320337 times)

full member
Activity: 224
Merit: 100
you would need a really huge amount of bitcoins in order to do that you would need something like 400
full member
Activity: 182
Merit: 100
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

yeah, if you want to get 1000 bitcoin it is very difficult but there are one way for get this much bitcoin. only gambling from you can get this much bitcoin but it is dependent on only luck. if your luck is good then you can get 1000 bitcoin.
hero member
Activity: 546
Merit: 500
if bitcoin will be worth 1mln dollar next year you will retired next year
But if dollar will fail like  that we will see the biggest economic tornado in human history
There is a thread that Bitcoin will become 1 million dollars. If that's the case, you only need like 3 or 4 Bitcoins.

I saw that and actually a lot of optimistic people believe on that bitcoin will cost a million dollar each, even the xapo CEO Wences Cesares believe it will happen. But personally, I think it is too good to be true, it would be great it would happen though and I guess 1 or 2 bitcoins will be enough for my retirement if ever Cheesy
hero member
Activity: 2072
Merit: 503
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
legendary
Activity: 2310
Merit: 1028
i want to spend my retired days with luxury thats why i am investing my present time to earn good bitcoins and 2 bitcoins is not enough for me ! i think i need  more than 1k  bitcoin in my account then my all dreams become true   

i want to spend my retired days in a rich world of mine so i invest bitcoin whenever i can do.. bitcoin stuff is my real time job not a hobby..
legendary
Activity: 896
Merit: 1000
I would not count on bitcoin at all when it comes to investments.
Use and buy bitcoin for the innovation.

If you want to retire safely and wealthy offcourse...

Bitcoin will not be an investment tool if the price is so volatile. We will not invest into a pump and dump tool.

volatility or not, bitcoin is whatever you want. it can be a currency if you so wish, it can be a tool to store wealth, or an investment tool. volatility makes bitcoin a more than interesting investment and attracts a lot people from all over the world.

with every day is so
more are involved more is heard about and more will be invested in it
so it can that small amount will be enough or even bigger wont be enough

Exactly, totally depends on what value bitcoin holds in the future, even 1 btc can take care of us or even 100 btc would not be sufficient, really interesting to see that whether bitcoin will exist in future or not, or will get replaced by some other crypto currency.

only time will tell what the future holds for bitcoin. if there is enough demand for a currency as bitcoin, then we can enjoy it for plenty of more years. if not, then bitcoin will get replaced by a better currency that is wanted by the majority of the people world wide.
sr. member
Activity: 322
Merit: 250
if bitcoin will be worth 1mln dollar next year you will retired next year
But if dollar will fail like  that we will see the biggest economic tornado in human history
There is a thread that Bitcoin will become 1 million dollars. If that's the case, you only need like 3 or 4 Bitcoins.
Oh yeah I saw that thread. I really doubt that it will even reach anything close to that.
If Bitcoin went up to 1 million dollars, we would have another GFC. The economy just can't handle that.

Yeah there is no way this could happen.
Suppose the price goes to high, everybody will stop buying.

So eventually we will go back to a reasonable rate.

I disagree with this. What is "reasonable" for the Bitcon price? Say you want to buy with Bitcoins something which costs $800, like ANTMINER S7 BATCH 10 for example. You buy 2.1 BTC and then you buy the miner with it. Say the price of BTC is not $380 like is today but $1M. Then you just buy 0.000798 BTC and buy the miner with this amount of Bitcoins. Where is the problem?

the problem is too many idiots in this forum does not have a shred of basic logic and arithmetic ability.
hero member
Activity: 910
Merit: 500
I think 9992 is enough for me and future childrens specially if the price of 1 bitcoin reach 11000 $ and more .
Thanks
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
if bitcoin will be worth 1mln dollar next year you will retired next year
But if dollar will fail like  that we will see the biggest economic tornado in human history
There is a thread that Bitcoin will become 1 million dollars. If that's the case, you only need like 3 or 4 Bitcoins.
Oh yeah I saw that thread. I really doubt that it will even reach anything close to that.
If Bitcoin went up to 1 million dollars, we would have another GFC. The economy just can't handle that.

Yeah there is no way this could happen.
Suppose the price goes to high, everybody will stop buying.

So eventually we will go back to a reasonable rate.

I disagree with this. What is "reasonable" for the Bitcon price? Say you want to buy with Bitcoins something which costs $800, like ANTMINER S7 BATCH 10 for example. You buy 2.1 BTC and then you buy the miner with it. Say the price of BTC is not $380 like is today but $1M. Then you just buy 0.000798 BTC and buy the miner with this amount of Bitcoins. Where is the problem?
hero member
Activity: 532
Merit: 500
I would hold onto every bitcoin you have.
The more the better.

it could well be that you will be a millionare in 20 years.
yeah set aside some percentage of income and wages for savings, perhaps in 20 years, you have many bitcoin collected in your wallet Cheesy
hero member
Activity: 994
Merit: 500
if bitcoin will be worth 1mln dollar next year you will retired next year
But if dollar will fail like  that we will see the biggest economic tornado in human history
There is a thread that Bitcoin will become 1 million dollars. If that's the case, you only need like 3 or 4 Bitcoins.
Oh yeah I saw that thread. I really doubt that it will even reach anything close to that.
If Bitcoin went up to 1 million dollars, we would have another GFC. The economy just can't handle that.

Yeah there is no way this could happen.
Suppose the price goes to high, everybody will stop buying.

So eventually we will go back to a reasonable rate.
sr. member
Activity: 322
Merit: 250
So if the bitcoin price becomes $200,000 in 20 years, 20 bitcoin will make our retire life very happy.

Theres a super important point people keep on missing.  Everything you buy in 20 years will also cost more, dont measure your world in dollars which is basically political currency based around Washington.  Its unlikely the world will be determining prices in the same way then, the big upheavel with oil regimes recently being one example.  They'll issue a ton more dollars to pay the governments bills which means everyone will have 200,000 of them in 20 years without much effort

Uh no, people (or at least if we exclude all the idiots in this thread, which, unfortunately might be the majority of posters here) are not "missing" it.

But what are you supposed to do? No one knows how much inflation there will be in the next 20 years, are you suggesting that nothing can be said about the topic?

To me, it's pretty obvious that when I say "$10,000" or whatever amount, I mean it in terms of present value of $10,000 (or whatever amount). But typing that out every single time is too troublesome.
sr. member
Activity: 378
Merit: 250
if bitcoin will be worth 1mln dollar next year you will retired next year
But if dollar will fail like  that we will see the biggest economic tornado in human history
There is a thread that Bitcoin will become 1 million dollars. If that's the case, you only need like 3 or 4 Bitcoins.
Oh yeah I saw that thread. I really doubt that it will even reach anything close to that.
If Bitcoin went up to 1 million dollars, we would have another GFC. The economy just can't handle that.
STT
legendary
Activity: 4060
Merit: 1448
So if the bitcoin price becomes $200,000 in 20 years, 20 bitcoin will make our retire life very happy.

Theres a super important point people keep on missing.  Everything you buy in 20 years will also cost more, dont measure your world in dollars which is basically political currency based around Washington.  Its unlikely the world will be determining prices in the same way then, the big upheavel with oil regimes recently being one example.  They'll issue a ton more dollars to pay the governments bills which means everyone will have 200,000 of them in 20 years without much effort
sr. member
Activity: 322
Merit: 250
if bitcoin will be worth 1mln dollar next year you will retired next year
But if dollar will fail like  that we will see the biggest economic tornado in human history
True if that happens, of course America is experiencing a disaster or crisis that was terrible and it would have affected the various states.
but for a few years, the American and the dollar will not fall,
anyway if bitcoin worth it, you do not need much to collect bitcoin, perhaps 1btc just enough
hero member
Activity: 532
Merit: 501
if bitcoin will be worth 1mln dollar next year you will retired next year
But if dollar will fail like  that we will see the biggest economic tornado in human history
There is a thread that Bitcoin will become 1 million dollars. If that's the case, you only need like 3 or 4 Bitcoins.
Oh yeah I saw that thread. I really doubt that it will even reach anything close to that.
hero member
Activity: 1022
Merit: 538
if bitcoin will be worth 1mln dollar next year you will retired next year
But if dollar will fail like  that we will see the biggest economic tornado in human history
There is a thread that Bitcoin will become 1 million dollars. If that's the case, you only need like 3 or 4 Bitcoins.
hero member
Activity: 756
Merit: 503
if bitcoin will be worth 1mln dollar next year you will retired next year
But if dollar will fail like  that we will see the biggest economic tornado in human history
anything can happen, and bitcoin can worth 1million dollar, but it's very very imposible
i think put all of your money at fiat or in bitcoin isn't a good way

for retire im choosing to save bitcoin and fiat... so if bitcoin worth 1million dollar and dollar fail i have bitcoin to make me happy
Pab
legendary
Activity: 1862
Merit: 1012
if bitcoin will be worth 1mln dollar next year you will retired next year
But if dollar will fail like  that we will see the biggest economic tornado in human history
hero member
Activity: 896
Merit: 1000
Live Stars - Adult Streaming Platform
I would hold onto every bitcoin you have.
The more the better.

it could well be that you will be a millionare in 20 years.
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