Honestly it is hard to reach even 25 btc or 10 btc but i think there is no bad to dream even 100 or more btc in my wallet i hope that i can start a business with bitcoin someday that i can save more than 100 btc..
Because we will be millionaire if we have it right now because the price is gradually increase every year... and more stores right now are accepting bitcoin according to a news in paris..
Topic: How many Bitcoins for Retirement. For Average Age and Salary NEWBIE. - page 2. (Read 1818 times)
November 23, 2016, 10:20:04 AM
November 23, 2016, 10:11:19 AM
25btc is very small amount. You cant survive with that amount when you are going to retire in the future. Plus the prices of bitcoin is very unpredictable. Once its drops and never recover. Man, its all over. Try to save more money and dont put it all on bitcoin. Bitcoin is a good invesment. But its risky to put your retirement funds on bitcoin. Better save money and spend the half of it on bitcoin.
November 23, 2016, 10:02:54 AM
I need at least 100 Bitcoins for retirement if bitcoin's price 1k dollars each. However this value will increase due to bitcoin's price will sky rocket (in my opinion) i know it's hard to collecting 100 bitcoins unless you have big capital and build mining farm or maybe your altcoins that you holding right now being pumped more than 100k times.
I'll be happy when 100 bitcoin equals 1 Million dollars, but seems like it's impossible for this moment, at least for 25 Years later.
I'll be happy when 100 bitcoin equals 1 Million dollars, but seems like it's impossible for this moment, at least for 25 Years later.
November 23, 2016, 09:26:01 AM
It depends on how much is the price of bitcoin when you retire. If it is just in hundreds, you need more than 1000 bitcoin to live comfortably. But if the price is in thousands, then a few hundred bitcoins will do. Don't count anyway. Just save as much bitcoin as you can. The more you have, the merrier.
If you are earning bitcoin right now then hold that or save that for the future maybe you will gonna need it and you need more than 2000 bitcoin or maybe more if you are going to retireme in work and try to invest that money in bank so you will get and you will earn money while you sleep and how if the bitcoin price fall apart? 
November 23, 2016, 09:20:56 AM
In my opinion 25 bTC is sufficient to make at the retirement .
I also thinks that if we have btc of amount 25btc then it is only sufficient at the current time but if You are asking about for next 20-25 year then you need to have 100 BTC because of the reason of rising price in the things in real world .
I also thinks that if we have btc of amount 25btc then it is only sufficient at the current time but if You are asking about for next 20-25 year then you need to have 100 BTC because of the reason of rising price in the things in real world .
November 23, 2016, 09:12:20 AM
first of all you should stop thinking of bitcoin as a way of getting rich or surviving your bad economy by just holding some for your retirement future. bitcoin with all the good things which it brought us and also the profit of investment, it is still a risky investment.
besides the amount of money you need in the future for retirement depends on where you live, how much you want for that age and what you are planning to do then. and in the end bitcoin should only be like a 20% of your investment and the rest should be in other places.
besides the amount of money you need in the future for retirement depends on where you live, how much you want for that age and what you are planning to do then. and in the end bitcoin should only be like a 20% of your investment and the rest should be in other places.
November 23, 2016, 09:00:21 AM
Your question mixes the 2 problems:
1. How much money you need for your retirement?
2. How much will bitcoin be worth in the future?
You can probably easily estimate (1) - take monthly expenses, expected life length etc. Add a safe margin (it would suck if you live past your expectations with no money left).
(2) is all that makes the topic hot :-) Note that a single bitcoin value can vary from $0 to $1000000000 in the next 20 years. The civilization itself can collapse, an asteroid could hit Earth, a global crisis could collapse, the Internet could stop working, the Bitcoin could hard-fork.
If you can, split your savings, e.g. into gold (nothing better for a global crisis), fiat and bitcoins (for the future we all anticipate). If any of these fail, you are still left with some savings.
Other than that, a good practice is to save regularly, e.g. buy 0.2 BTC every month, regardless of the price. Make it a rule.
1. How much money you need for your retirement?
2. How much will bitcoin be worth in the future?
You can probably easily estimate (1) - take monthly expenses, expected life length etc. Add a safe margin (it would suck if you live past your expectations with no money left).
(2) is all that makes the topic hot :-) Note that a single bitcoin value can vary from $0 to $1000000000 in the next 20 years. The civilization itself can collapse, an asteroid could hit Earth, a global crisis could collapse, the Internet could stop working, the Bitcoin could hard-fork.
If you can, split your savings, e.g. into gold (nothing better for a global crisis), fiat and bitcoins (for the future we all anticipate). If any of these fail, you are still left with some savings.
Other than that, a good practice is to save regularly, e.g. buy 0.2 BTC every month, regardless of the price. Make it a rule.
November 23, 2016, 06:21:38 AM
Buying bitcoin is still hard for people from developing countries and underdeveloped countries and they have to pay more than 10%+ to local seller to buy bitcoin and i think this will remain same for next few years. So its hard to directly put my savings from salary in bitcoin but localbitcoins have helped me alot on this.
I am thinking about 100BTC+ because if price can get upto 10x from the current price it will be like $700,000 which is quite good amount to invest in some projects or even will be enough to start local business from which i can enjoy nice constant income in retirement period or may be i will keep trading bitcoin/altcoin after my retirement also like now.
I am thinking about 100BTC+ because if price can get upto 10x from the current price it will be like $700,000 which is quite good amount to invest in some projects or even will be enough to start local business from which i can enjoy nice constant income in retirement period or may be i will keep trading bitcoin/altcoin after my retirement also like now.
November 23, 2016, 02:28:47 AM
I live in a place where $10 is a lot (I can if living alone eat well for a week on that, and if in distress could eat enough for 2 weeks). But retirement is probably just as expensive for me as it is for most other people... assuming I'm past the age of productive work, I'll need to eat slightly better, be able to afford rent and healthcare for I don't know... 20 years?
I feel like even that's 240 months... if 1 BTC is worth even 1,000 dollars then, I probably could use up 1 BTC in 3 months for my expensive adult diapers and heart tablets haha.
I feel like even that's 240 months... if 1 BTC is worth even 1,000 dollars then, I probably could use up 1 BTC in 3 months for my expensive adult diapers and heart tablets haha.
November 23, 2016, 01:16:09 AM
The answer will almost definately be more then 100btc. If we live in a world where 25 btc will allow you to reture i will be a happy man 
November 23, 2016, 01:10:54 AM
according to the poll for me 25 btc is enough for me if the price will increase more soon.
Because the price of bitcoins here in my country is very expensive. so for me bitcoin here is gold.. and i think the price will increase more someday
So you can make more profit in 25btc.. that you can start your own business.
Because the price of bitcoins here in my country is very expensive. so for me bitcoin here is gold.. and i think the price will increase more someday
So you can make more profit in 25btc.. that you can start your own business.
BTC25 is not enough for me, I need like BTC100 just to ensure I can enjoy my retirement. It's good to retire happy with a lot of money.
November 22, 2016, 01:35:49 PM
To all!
My question is for those of us who wasn't aware of Bitcoin at the start and earning an average salary.
Lets say that the person needs to start investing in Bitcoin today, say per month - a few Sats at a time (as much as you would pay into average pension plan)
Lets assume the person has ZERO Bitcoin.
So...
If you mined 1000's Bitcoin 8 years ago then this is probably not for you but I would still appreciate your views.
Some of you may live in countries where 10 dollars is a large amount of money.
Some of you may live in Oil Rich Countries where your Bitcoins are made of 22k Gold and mounted on the wall.
Some of you may be investors, miners, speculators, scammers / fraudsters, lawyers, School Teachers, Firefighters or Toilet Cleaners (yes and unemployed too)
But for the average struggling person, who wants to retire comfortably and doesn't like the idea of a pension plan...
Why do you think the minimum amount of Bitcoin is to Hold? What is your target?
Personally, mine is 25BTC, assuming that BTC is still around in 20 years, I would hope that it would be worth say 100,000 in todays money. (I hope)
I have chosen 25 because it was the size of the reward before recent halving, and its my personal challenge.
This is speculation, so you may assume a BTC is worth 500 dollars in 20 years and that affects the amount you think you should put away.
Yes its a punt, and this may be full of holes! That's why I am asking you guys
If the question is not clear, or has a few holes in it, then let me know and I will rephrase it.
My question is for those of us who wasn't aware of Bitcoin at the start and earning an average salary.
Lets say that the person needs to start investing in Bitcoin today, say per month - a few Sats at a time (as much as you would pay into average pension plan)
Lets assume the person has ZERO Bitcoin.
So...
If you mined 1000's Bitcoin 8 years ago then this is probably not for you but I would still appreciate your views.
Some of you may live in countries where 10 dollars is a large amount of money.
Some of you may live in Oil Rich Countries where your Bitcoins are made of 22k Gold and mounted on the wall.
Some of you may be investors, miners, speculators, scammers / fraudsters, lawyers, School Teachers, Firefighters or Toilet Cleaners (yes and unemployed too)
But for the average struggling person, who wants to retire comfortably and doesn't like the idea of a pension plan...
Why do you think the minimum amount of Bitcoin is to Hold? What is your target?
Personally, mine is 25BTC, assuming that BTC is still around in 20 years, I would hope that it would be worth say 100,000 in todays money. (I hope)
I have chosen 25 because it was the size of the reward before recent halving, and its my personal challenge.
This is speculation, so you may assume a BTC is worth 500 dollars in 20 years and that affects the amount you think you should put away.
Yes its a punt, and this may be full of holes! That's why I am asking you guys
If the question is not clear, or has a few holes in it, then let me know and I will rephrase it.
The amount of bitcoins that would be sufficient for one's retirement depends on several factors,and in some of them you pointed out in your post.In the first place would depend on the country where you live or where you want to spend retirement.Your 25 Bitcoins are worth today around 18500$ what in some countries may be small fortune even today.The most important question is how much will be worth for 20 years?
If we assume that the value increased in this period by about ten times then for your 25 BTC you get 185000$.But you should take into account that the value of this amount today and in 20 years will not be the same.To put it simply,for the money you'll get then, you'll probably be able to buy a lot less than it is today.
If you have the opportunity to come into possession of 25 Bitcoin I do not see nothing wrong with your idea of retirement.You just need to keep in mind that this is a risky investment.
November 22, 2016, 01:31:39 PM
In the US/Europe/Japan etc $100,000 worth of bitcoin in today's dollars won't support you for long in retirement unless the value is continuing to grow and/or you are living with family. Perhaps in some other less expensive locals it would be sufficient, but there are many variables. If you search on "retirement income calculator" you can plug in values for yourself and see what the calculators show you'd need to have a safe retirement.
As far as what % should be in bitcoin, that is a personal choice given it could succeed wildly or not at all.
e.g. this is US based, so if you are elsewhere, it might change slightly:
As far as what % should be in bitcoin, that is a personal choice given it could succeed wildly or not at all.
e.g. this is US based, so if you are elsewhere, it might change slightly:
Code:
https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementIncomeCalc.jsf
November 22, 2016, 01:26:45 PM
We should be careful to give financial advice on things that might influence someone's life negatively when they need finances the most. We have
ZERO guarantees that this experiment will succeed. When you reach retirement age, and you have bargained on Bitcoin to pull you through, and it
fails... then you will suffer financially until you die.... or you will have to work until you die. Let Bitcoin be a part of your nest egg, but not your
whole nest egg.
ZERO guarantees that this experiment will succeed. When you reach retirement age, and you have bargained on Bitcoin to pull you through, and it
fails... then you will suffer financially until you die.... or you will have to work until you die. Let Bitcoin be a part of your nest egg, but not your
whole nest egg.
November 22, 2016, 01:13:39 PM
according to the poll for me 25 btc is enough for me if the price will increase more soon.
Because the price of bitcoins here in my country is very expensive. so for me bitcoin here is gold.. and i think the price will increase more someday
So you can make more profit in 25btc.. that you can start your own business.
Because the price of bitcoins here in my country is very expensive. so for me bitcoin here is gold.. and i think the price will increase more someday
So you can make more profit in 25btc.. that you can start your own business.
November 22, 2016, 01:10:13 PM
I have a good reserve of coins, what most of the people consider as a nice sum for a retirement. Still, I prefer to obtain more bitcoins for the future purpose, because never know how the market develops
November 22, 2016, 12:50:15 PM
Money are never enough and everyone, ok the most of you, will agree with that. That's why I guess many of us voted for maximum.
That's true that there are countries where normal salary is 100 $ per month and for them even obe BTC is too much. Same as in my country. Well,here nobody get 100$ salary but it's pretty normal money here as 500$ per month. But I will repeat - money are never enough.
That's true that there are countries where normal salary is 100 $ per month and for them even obe BTC is too much. Same as in my country. Well,here nobody get 100$ salary but it's pretty normal money here as 500$ per month. But I will repeat - money are never enough.
November 22, 2016, 12:44:53 PM
From what I know, we can never know what bitcoin will be like in the future, maybe its price will skyrocket to $100000 or maybe it might drop to $1. However, many charts have shown that the Bitcoin price will never decrease anymore. So that means if right know, you are holding 10 Bitcoin, 20 years later in the future, perhaps you do not need to work anymore because you will have about $1000000 in FIAT. Anyway, it is just a theory. Try to obtain 100 bitcoin and I think it would be enough for your entirement
November 22, 2016, 12:11:49 PM
Considering where I live (currently in Asia), the current price of Bitcoin and speculations of the price at a later period as well as the time value of money these are my possible minimum amount of Bitcoins that I'd have to keep:
Considering cost of living, food, healthcare and leisure expenses I'd say anywhere about 150-200 BTC's at today's rate would be more than sufficient to live for 30+ years after my retirement. It'd also be useful to note that possibly if the future price of Bitcoin is much higher, I'd have surplus to spend on things that I feel could keep me comfortable.
Considering cost of living, food, healthcare and leisure expenses I'd say anywhere about 150-200 BTC's at today's rate would be more than sufficient to live for 30+ years after my retirement. It'd also be useful to note that possibly if the future price of Bitcoin is much higher, I'd have surplus to spend on things that I feel could keep me comfortable.
November 22, 2016, 12:07:13 PM
If you have 20+ years to go for retirement, then the amount you quote (25 Bitcoins) should be more than sufficient.
Whatever may be the route that Bitcoin takes, my view that the long term trend is positive.
If Bitcoin even reaches 10% of its potential, we will all be very rich.
Whatever may be the route that Bitcoin takes, my view that the long term trend is positive.
If Bitcoin even reaches 10% of its potential, we will all be very rich.
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