Topic: How many Bitcoins needed to retire in 5-6 years? - page 11. (Read 14028 times)
By 2020, I'm thinking 30-40 will put an individual in the comfort range of retirement listed by OP
In your opinion how many Bitcoins would someone need today in order to retire by August 03 2019 or Aug 03 2020?
Assume average North American, requiring $30,000 per year of today's purchasing power, no other debt.
Assume average North American, requiring $30,000 per year of today's purchasing power, no other debt.
short answer: enough.....
after all whats the point in having 100btc at $10k each (today $10mill sounds alot), if in 5 years time it costs $1000 for a loaf of bread (do i need to quote the Zimbabwe dollar?)
today $30k sounds enough for a healthy lifestyle per year, but soon it may only buy you bread for 7 months
Are you talking about the USD right now? There may be more financial trouble incoming or even a few housing bubbles but I seriously highly doubt that the US Dollar is going to go bust or enter a phase of such an incredible hyperinflation!
5 BTC is all you need for a decent retire life.
No poll?
I would have to say 2.1 btc would be enough to retire in 5 years. I'm going to revisit this thread in 5 years and laugh as maybe .21 btc will be enough.
I would have to say 2.1 btc would be enough to retire in 5 years. I'm going to revisit this thread in 5 years and laugh as maybe .21 btc will be enough.
Excuse me but why the .1, just curiosity, couldn't it be 2 btc?
10 millionth part of all BTC ever available.
No poll?
I would have to say 2.1 btc would be enough to retire in 5 years. I'm going to revisit this thread in 5 years and laugh as maybe .21 btc will be enough.
I would have to say 2.1 btc would be enough to retire in 5 years. I'm going to revisit this thread in 5 years and laugh as maybe .21 btc will be enough.
Excuse me but why the .1, just curiosity, couldn't it be 2 btc?
Sorry but according to my calcylations you need at least 2.102254 Btc
No poll?
I would have to say 2.1 btc would be enough to retire in 5 years. I'm going to revisit this thread in 5 years and laugh as maybe .21 btc will be enough.
I would have to say 2.1 btc would be enough to retire in 5 years. I'm going to revisit this thread in 5 years and laugh as maybe .21 btc will be enough.
Excuse me but why the .1, just curiosity, couldn't it be 2 btc?
At least 100 btc to retire... but make sure you put them in cold wallet...
Yes its best thing because price is not big problem safety is biggest problem right now so put them in cold wallet its good idea And be sure to have paper backups of your wallet in multiple locations, USB-sticks doesn't do the trick for long time storage.
At least 100 btc to retire... but make sure you put them in cold wallet...
Yes its best thing because price is not big problem safety is biggest problem right now so put them in cold wallet its good idea
Prediction is very difficult, especially about the future. And as we can see here people have very diverse expectations regarding the future price of bitcoin.
The correct answer is: As many as you can possible get your hands on. But that might not even be enough since the price can be anywhere between $0 to $1,000,000. So if you have collected 200BTC and the price is $10 in 5 years, you clearly haven't got enough to retire. However, often the truth is to be found somewhere in the middle of the extremes, so a price point of $50,000 to $100,000 in about 6 years time, is what I am personally using when trying to figure out how much to put aside for a rainy future.
I of course presume that you have other investments as well, if not, diversify now!
The correct answer is: As many as you can possible get your hands on. But that might not even be enough since the price can be anywhere between $0 to $1,000,000. So if you have collected 200BTC and the price is $10 in 5 years, you clearly haven't got enough to retire. However, often the truth is to be found somewhere in the middle of the extremes, so a price point of $50,000 to $100,000 in about 6 years time, is what I am personally using when trying to figure out how much to put aside for a rainy future.
I of course presume that you have other investments as well, if not, diversify now!
At least 100 btc to retire... but make sure you put them in cold wallet...
100 btc will be enough for retirement in 4-5 years but if you wait 2020, after the second btc halving from now, maybe with 50 btc you will live peacefuly untill heaven/hell.
Yes, 200BTC plus ~$500K-1mil in fiat accounts (stocks, bonds) plus paid off RE (0.5-1mil) plus soc sec-all this together should be enough, I hope.
What about Taxation?
Maybe bitcoin will be worthless and 1 million of em won't get you jack. Unlikely, but it could happen. 
Real answer: 300-400. Because it takes a good 1.5-2 million for a good retirement these days....
Real answer: 300-400. Because it takes a good 1.5-2 million for a good retirement these days....
No poll?
I would have to say 2.1 btc would be enough to retire in 5 years. I'm going to revisit this thread in 5 years and laugh as maybe .21 btc will be enough.
I would have to say 2.1 btc would be enough to retire in 5 years. I'm going to revisit this thread in 5 years and laugh as maybe .21 btc will be enough.
I damn sure want more than $30K in annual purchasing power. Not sure how many years y'all plan to live past 2020, but I ain't tryin' to run outta money. Not seeing too many retirement plans in here that I'd be willing to live with, unless y'all think BTC is going to be many orders of magnitude higher than I'd be comfortable predicting.
I'd say 20-30 BTC today is enough, if you can live those years without digging into them.
5 BTC I think would make you a weathy person if it continues to be in use by then.
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100 btc will be enough for retirement in 4-5 years but if you wait 2020, after the second btc halving from now, maybe with 50 btc you will live peacefuly untill heaven/hell.
Yes, 200BTC plus ~$500K-1mil in fiat accounts (stocks, bonds) plus paid off RE (0.5-1mil) plus soc sec-all this together should be enough, I hope.
Well then it's not 200 BTC, its a shit ton more.
meh. soc. security alone already gives 30k doesn't it?
100 btc will be enough for retirement in 4-5 years but if you wait 2020, after the second btc halving from now, maybe with 50 btc you will live peacefuly untill heaven/hell.
Yes, 200BTC plus ~$500K-1mil in fiat accounts (stocks, bonds) plus paid off RE (0.5-1mil) plus soc sec-all this together should be enough, I hope.
Well then it's not 200 BTC, its a shit ton more.
100 btc will be enough for retirement in 4-5 years but if you wait 2020, after the second btc halving from now, maybe with 50 btc you will live peacefuly untill heaven/hell.
Yes, 200BTC plus ~$500K-1mil in fiat accounts (stocks, bonds) plus paid off RE (0.5-1mil) plus soc sec-all this together should be enough, I hope.
100 btc will be enough for retirement in 4-5 years but if you wait 2020, after the second btc halving from now, maybe with 50 btc you will live peacefuly untill heaven/hell.
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