Topic: How many Bitcoins needed to retire in 5-6 years? - page 10. (Read 14028 times)
Every investment will collapse. Your gold will be confiscated. Your land will be heavily taxed. Hyper-inflation will make your fiat worthless. Nothing is safe, until Bitcoin. Save what you can, never spend more than you need. Retire now and live as cheaply as you can and enjoy life.
To retire comfortable, honestly, I would say 1,000BTC.
Much more than you have now. The price is stuck and the exponential increase last year's end was a bubble that ha snot replicated itself recently and the consequent banning of exchanges in various countries and the subsequent loss of interest and mass-selling that came with it obviously didn't help.
Price growth goes in hand with the exponential growth of the usefullness of the network, i.e. increasing number of people using it. There is a clear trend showing that the adoption is taking place.
You can sure argue that BTC will no grow exponentionally or even fail, but if the fundamentals look right, then the price is only the result of the underlying function!
I'm not at all implying that bitcoin will fail,rather I'm merely informing about the current trend that has been on for that past few months. You can't simply quit your day job at this juncture because you assume it will be enough to last you into the future.
Oh, know I get it.
The thread is really implying that in 5-6 years you just sell your BTC and live of that. (That is how I interpreted it).
Well,that is what I have assumed as well. But as of now,that is not possible so don't even think for a moment of quitting the cash ecosystem. Bitcoin acceptance is rather low among the general populace and more so among establishments where you buy all of your household needs and the like.
Much more than you have now. The price is stuck and the exponential increase last year's end was a bubble that ha snot replicated itself recently and the consequent banning of exchanges in various countries and the subsequent loss of interest and mass-selling that came with it obviously didn't help.
Price growth goes in hand with the exponential growth of the usefullness of the network, i.e. increasing number of people using it. There is a clear trend showing that the adoption is taking place.
You can sure argue that BTC will no grow exponentionally or even fail, but if the fundamentals look right, then the price is only the result of the underlying function!
I'm not at all implying that bitcoin will fail,rather I'm merely informing about the current trend that has been on for that past few months. You can't simply quit your day job at this juncture because you assume it will be enough to last you into the future.
Oh, know I get it.
The thread is really implying that in 5-6 years you just sell your BTC and live of that. (That is how I interpreted it).
Much more than you have now. The price is stuck and the exponential increase last year's end was a bubble that ha snot replicated itself recently and the consequent banning of exchanges in various countries and the subsequent loss of interest and mass-selling that came with it obviously didn't help.
Price growth goes in hand with the exponential growth of the usefullness of the network, i.e. increasing number of people using it. There is a clear trend showing that the adoption is taking place.
You can sure argue that BTC will no grow exponentionally or even fail, but if the fundamentals look right, then the price is only the result of the underlying function!
I'm not at all implying that bitcoin will fail,rather I'm merely informing about the current trend that has been on for that past few months. You can't simply quit your day job at this juncture because you assume it will be enough to last you into the future.
Much more than you have now. The price is stuck and the exponential increase last year's end was a bubble that ha snot replicated itself recently and the consequent banning of exchanges in various countries and the subsequent loss of interest and mass-selling that came with it obviously didn't help.
Price growth goes in hand with the exponential growth of the usefullness of the network, i.e. increasing number of people using it. There is a clear trend showing that the adoption is taking place.
You can sure argue that BTC will no grow exponentionally or even fail, but if the fundamentals look right, then the price is only the result of the underlying function!
Much more than you have now. The price is stuck and the exponential increase last year's end was a bubble that ha snot replicated itself recently and the consequent banning of exchanges in various countries and the subsequent loss of interest and mass-selling that came with it obviously didn't help.
Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!
Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.
So only 21,000,000 / 500 = 42,000 people will be able to store their wealth into bitcoin ?
only 15K have more than 100BTC now
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297
If BTC is at 5K-6K in 5-6 years and then converted to cash, the resulting $2.5-3mil (from 500BTC) would provide $62.5-75K in yearly interest income in currently stable US treasuries (10 year)
BTC will be $5-6k in less than 2 years. Who the hell will exchange 500 BTC for toilet paper ? :-)
I am not advocating doing so, just show some numbers. Most of the economic activity is still being transacted in fiat and you can pay taxes ONLY in fiat.
Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!
Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.
So only 21,000,000 / 500 = 42,000 people will be able to store their wealth into bitcoin ?
only 15K have more than 100BTC now
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297
If BTC is at 5K-6K in 5-6 years and then converted to cash, the resulting $2.5-3mil (from 500BTC) would provide $62.5-75K in yearly interest income in currently stable US treasuries (10 year)
BTC will be $5-6k in less than 2 years. Who the hell will exchange 500 BTC for toilet paper ? :-)
I am not advocating doing so, just show some numbers. Most of the economic activity is still being transacted in fiat and you can pay taxes ONLY in fiat.
But is this question really that important ? Isn't it much more important to get as much as you can right now ? (as an early adopter)
I would invest as much as i can in bitcoin, well that is what i am doing right now. But at the same time i am not rich. I am just a student and i try to spend as little money as possible to cover my monthly costs and with the leftovers of my income i buy(and mine) between 0.3-0.7 btc per month.
I really think, that +10 bitcoin should be enough. 5 years are a hell of a long time in the digital era.
We are in the middle of a monetary revolution, don't miss this opportunity to enhance your life.
(I might be totally wrong, but at least i tried with maximum effort to make the best out of my situation - and i truly believe in this digital future
)
I would invest as much as i can in bitcoin, well that is what i am doing right now. But at the same time i am not rich. I am just a student and i try to spend as little money as possible to cover my monthly costs and with the leftovers of my income i buy(and mine) between 0.3-0.7 btc per month.
I really think, that +10 bitcoin should be enough. 5 years are a hell of a long time in the digital era.
We are in the middle of a monetary revolution, don't miss this opportunity to enhance your life.
(I might be totally wrong, but at least i tried with maximum effort to make the best out of my situation - and i truly believe in this digital future
) Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!
Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.
So only 21,000,000 / 500 = 42,000 people will be able to store their wealth into bitcoin ?
only 15K have more than 100BTC now
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297
If BTC is at 5K-6K in 5-6 years and then converted to cash, the resulting $2.5-3mil (from 500BTC) would provide $62.5-75K in yearly interest income in currently stable US treasuries (10 year)
BTC will be $5-6k in less than 2 years. Who the hell will exchange 500 BTC for toilet paper ? :-)
>200 BTC if we see another bull run to >10000 USD.
Interesting question, but quite redundant as 95% of the users here are under 35 years old!
Interesting question, but quite redundant as 95% of the users here are under 35 years old!
i would say 100 bitcoins to have a good retirement but who knows, maybe by that time bitcoin can have astronomical values and evrybody holding around 5 are millionaries.
Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!
Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.
So only 21,000,000 / 500 = 42,000 people will be able to store their wealth into bitcoin ?
only 15K have more than 100BTC now
https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297
If BTC is at 5K-6K in 5-6 years and then converted to cash, the resulting $2.5-3mil (from 500BTC) would provide $62.5-75K in yearly interest income in currently stable US treasuries (10 year)
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Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!
Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.
So only 21,000,000 / 500 = 42,000 people will be able to store their wealth into bitcoin ?
good point. thats quite a meager outlook for growth in the next 5 years. surely we can do better.
Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!
Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.
So only 21,000,000 / 500 = 42,000 people will be able to store their wealth into bitcoin ?
Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!
Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.
Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!
In 5-6 years (at the rate we are going now), the average age of retirement is probably going to be much higher. Wages are not keeping up with the massive increases in prices on almost everything. Seriously in many jobs in the United States, you are basically breaking even once you pay for the gas to get there and pay for your lunch.
Depending on the lifestyle you want to live when you are retired, you will probably need quite a few BTC if you plan on doing more than spend your social security check on lotto scratchers (that is IF Social Security is even around by then)
Depending on the lifestyle you want to live when you are retired, you will probably need quite a few BTC if you plan on doing more than spend your social security check on lotto scratchers (that is IF Social Security is even around by then)
in 5 years 1BTC = 6,000 - 60,000$ and 20 years 1BTC = 600,000 - 6,000,000$
if you HOLD for 5 year, and then sell only what you need when you need it, somewhere between 1-25BTC is all anyone will ever really need.
but it doesn't hurt to have more!
if you HOLD for 5 year, and then sell only what you need when you need it, somewhere between 1-25BTC is all anyone will ever really need.
but it doesn't hurt to have more!
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