Topic: How many Bitcoins for Retirement. For Average Age and Salary NEWBIE. - page 3. (Read 1847 times)

there is no answer to this question and you can never find any either. because you are talking about a far future and retirement, so you need to first come up with a number (in cash) that you feel is enough for retirement then you have to start speculating how much 1BTC is going to be worth in that far future that I mentioned and this particular part is not clear at all.

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.

Normal value of bitcoin after world cash transfer : 7500 USD.

When you are going to retirement make sure that you are going to have a business to get money on daily nor monthly and 100 bitcoin is not enough for that living on without any income will make us poor at the end. Make some business while you can so that when you retired you will make money while your on house.

It seems that you generally agree that hoarding bitcoin is good retirement plan. Are you sure? Don't get me wrong. I want BTC to succeed but investing in BTC is linked with tremendous risks.
You know that bitcoin come out of a blue. It is very disruptive and extreme volatile asset and yet you think it will be growing stronger in, somewhat, distant future of 20-30 years? It is pure gambling.

I will definitely choose 100 btc or more not only  aiming for 21 btc. Im living on a developing country which means even 1 btc on the current state as of now  its already 2 months average salary of an ordinary worker.Whos the man didnt like to get more bitcoins on retirement purposes.The more the bitcoins the more amount you will gain  on  upcoming 20 years how much more if the  value would raise up even only on $1k price.

When Bitcoin is established as the global new gold/currency in about 10 to 20 years, owning around 21 BTC will put you in an elite of a small group of less than 1 million people. On a global economy, 1 million people is a very reduced amount of number. There is simply no way that those holding 21+ BTC aren't rich by then.

Something to do with the wrong way will surely generate or have a very low level of luck. so it is also about how you think about your life for bitcoin, if indeed bitcoin has a very good effect for your life then I am sure you will certainly decide something that you think is very good. because all decisions you make will surely provide a much greater zeal from the advice given by people. Try outs and dig your mind with good, then you will find it all

If bitcoin will still be around in 20 years, 5k $ a piece (in todays money) is so conservative!
I mean, we went from 0 to almost 800$ in the first 8 years, when the supply was massive and you think we'll be doing only +200$ a year with low / no supply?
It's boom or doom in my opinion.

My personal target is 21 btc, 1 / 1 000 000 of the total supply. For now.

You put rather small amounts. It's not simple question, it depends how old are you, how much you spend and how long are you planning to live.. It also depends on Bitcoin price but on general I think that only 100 Bitcoins is not enough. Not for a comfort and careless life.

You can't live long enough with just 100 Bitcoins as a retirement fund. You probably need more. Unless you just spend for so little. Like if you just buy cheap food and live on a really cheap apartment. Then probably you can last more than 10 years retired. Also, unless you reinvest those coins so you can still earn a living out of it.

It depends on how much wealth you have, and how much of it you want to hold in the form of bitcoins. No more than 10% is probably a good amount.

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.

*EDIT* Wow! Thanks everyone for taking part. I didnt expect the result to be 100+ . Some really good comments too.