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Topic: How many Bitcoins needed to retire in 5-6 years? - page 12. (Read 14028 times)

legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
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.

200 BTC.

my reasoning. By that time, Bitcoin could be worth $5000.  so that gives you 1 million dollars, or 33 years.
Bitcoin should continue to appreciate though, so you'll actually get more.

hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
In your opinion how many Bitcoins would someone need today in order to retire by August 03 2019 or Aug 03 2020?
How old are you? Male/female? Any congenital diseases? Smoker/non-smoker?

Any children? Plan to have children? Have any fiat savings?

Anyway, assume 500,000 $usd per BTC by 2020 and do the math yourself. Less than 0.1 BTC per year * number of years you expect to live.
sr. member
Activity: 406
Merit: 250
I believe it's really to hard to tell to be honest as you never know how much bitcoins will be worth within 5 - 6 years and whether it would be worth retiring or not on what you have invested in.
legendary
Activity: 4424
Merit: 4794
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.

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
sr. member
Activity: 434
Merit: 250
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.
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