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Topic: How many bitcoins do I need to retire in 20 years? - page 96. (Read 320352 times)

sr. member
Activity: 354
Merit: 250
full member
Activity: 221
Merit: 100
At one time I had 255 coins. I dumped them all into Bitcoin mining hardware that only lasted about 6 months. Not one of those machines fired up this year. I say all that to say... Buy and hold... Don't be seduced by the dark side of alt coins. Get one coin immediately. Secure your wallet, make a backup wallet, test the backup wallet. Stay away from exchanges for storage. Buy a little bit every week... 50 bucks a week won't kill you... And watch your money grow... Exponentially!

So bought the hardware about 2-3 years ago? At that time, the difficulty rose very fast. The machines are not efficient now.
legendary
Activity: 3248
Merit: 1070
I need is 100,000 BTC at a price of $ 1000 for 1 BTC, we need a lot of money before retiring friend, it will make us a nice old days  Smiley

no we don't need a lot of money, those greedy people like are driving also the inflation and the crisis to the rate that it is now, anyone can simply live a good life with $1k a month

learn to not waste your money

needs in each country is different, in my country i can life with $3000 in 1year Smiley
i think i need only 50btc for my retire  Grin

50 btc as today price, will not do it for you anyway

3k in one year mean that you need 150k for your entire life, assumign that you want to live other 50 years
newbie
Activity: 60
Merit: 0
At one time I had 255 coins. I dumped them all into Bitcoin mining hardware that only lasted about 6 months. Not one of those machines fired up this year. I say all that to say... Buy and hold... Don't be seduced by the dark side of alt coins. Get one coin immediately. Secure your wallet, make a backup wallet, test the backup wallet. Stay away from exchanges for storage. Buy a little bit every week... 50 bucks a week won't kill you... And watch your money grow... Exponentially!
legendary
Activity: 1316
Merit: 1004
I need is 100,000 BTC at a price of $ 1000 for 1 BTC, we need a lot of money before retiring friend, it will make us a nice old days  Smiley

no we don't need a lot of money, those greedy people like are driving also the inflation and the crisis to the rate that it is now, anyone can simply live a good life with $1k a month

learn to not waste your money

needs in each country is different, in my country i can life with $3000 in 1year Smiley
i think i need only 50btc for my retire  Grin

That's true, but I mean look at it this way though, we are basing our predictions of how much we would need based on the purchasing power of fiat as of right now. You have to think of how much inflation will be in 20 years from now, plus be able to realize that there might be a possibility of the whole fiat system going down the tubes. Any one who knows a little bit about what the Central Banks are doing can understand that the way they are doing things, simply cannot be sustained over a very long period of time.

So what I'm trying to say, is that unless you have a magic crystal ball laying around where you can accurately predict all this stuff, we will never know until the time comes.
hero member
Activity: 672
Merit: 500
I need is 100,000 BTC at a price of $ 1000 for 1 BTC, we need a lot of money before retiring friend, it will make us a nice old days  Smiley

no we don't need a lot of money, those greedy people like are driving also the inflation and the crisis to the rate that it is now, anyone can simply live a good life with $1k a month

learn to not waste your money

needs in each country is different, in my country i can life with $3000 in 1year Smiley
i think i need only 50btc for my retire  Grin
sr. member
Activity: 406
Merit: 250
I think 100 bitcoins will bring you very far. Maybe you already there to be a millionare and live of interest etc.

It all depends if and when we get mass adoption by consumers and merchants.
legendary
Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
I need is 100,000 BTC at a price of $ 1000 for 1 BTC, we need a lot of money before retiring friend, it will make us a nice old days  Smiley

what on earth makes you need 100,000 btc at $1000 to retire? 100,000 coins at current price is already worth $43,000,000.

cuz of greed in human nature we are greedy people but what ever 100 btc would do fine
hero member
Activity: 532
Merit: 500
I need is 100,000 BTC at a price of $ 1000 for 1 BTC, we need a lot of money before retiring friend, it will make us a nice old days  Smiley

no we don't need a lot of money, those greedy people like are driving also the inflation and the crisis to the rate that it is now, anyone can simply live a good life with $1k a month

learn to not waste your money

but it is true that we need a lot of bitcoin to retire, because we would have many children and grandchildren Cheesy

so true what you say learn to not waste money.
legendary
Activity: 3248
Merit: 1070
I need is 100,000 BTC at a price of $ 1000 for 1 BTC, we need a lot of money before retiring friend, it will make us a nice old days  Smiley

no we don't need a lot of money, those greedy people like are driving also the inflation and the crisis to the rate that it is now, anyone can simply live a good life with $1k a month

learn to not waste your money
hero member
Activity: 532
Merit: 500
IF it succeeds... I believe you will need around 100 bitcoins to retire comfortably. You will need multiple millions of dollars to feasibly retire at that age given how long you would likely live, inflation, ect.
I think you do not need to get a lot of bitcoin to retire, because the price of bitcoin 20 years to come it may be very high
bitcoin age of 7 years, the achievement of bitcoin was very wonderful, perhaps 20 yrs bitcoin prices will explode, you only need a few possible 1-3 BTC
sr. member
Activity: 854
Merit: 256
It is good plan to take early retirement by holding some bitcoins for some years.Bitcoin is going to be traded in umbtc as unit and what I expect it will be equal to current price.At least 5 bitcoins will help you to get a comfortable life with some permanent source of income by your wealth form bitcoin.
hero member
Activity: 728
Merit: 500
I  will say you need only 10 bitcoins in order to take early retirement for this you don't have to wit 20 years.I think in next 10 years maximum you will get more than enough money form bitcoin investment to live a luxurious life.
legendary
Activity: 896
Merit: 1000
I need is 100,000 BTC at a price of $ 1000 for 1 BTC, we need a lot of money before retiring friend, it will make us a nice old days  Smiley

what on earth makes you need 100,000 btc at $1000 to retire? 100,000 coins at current price is already worth $43,000,000.
sr. member
Activity: 420
Merit: 250
i think you can save 100Bitcoin
in 2036 i think bitcoin price can reach $100.000 you can buying anything with your 100bitcoin

Where does this number come from 100k?

My goal though is to get around 100 bitcoins in 10 years, 200 bitcoins in 20 years
Then I will start selling.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
I need is 100,000 BTC at a price of $ 1000 for 1 BTC, we need a lot of money before retiring friend, it will make us a nice old days  Smiley
legendary
Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
depend on price in 20 or more years
but some round number would be fine like 500 BTC in stock


I expect the bitcoin price to rise 40% a year, or double every two years. So the price will be 1000 fold in 20 years, or each bitcoin is worth about $400k. So you need about 5 bitcoin to live happily.

if that price comes 1 will be enough in my standards maybe two just in case
but i dont think it will be 6 digits price more like 5 digits
hero member
Activity: 672
Merit: 500
i think you can save 100Bitcoin
in 2036 i think bitcoin price can reach $100.000 you can buying anything with your 100bitcoin
hero member
Activity: 490
Merit: 500
I dont know if in 2035 price of btc be 10k then 100 would be fine

I think the price of bitcoin at the time, must have been very high, perhaps more than $ 2,000 per BTC
collect as much as you can, this could be your investment for the long term
member
Activity: 112
Merit: 10
IF it succeeds... I believe you will need around 100 bitcoins to retire comfortably. You will need multiple millions of dollars to feasibly retire at that age given how long you would likely live, inflation, ect.
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