How many BTC needed for retirement in 10 years?

Ever-young

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Quote from: uknowy9999 on December 13, 2024, 05:26:30 AM

Quote from: uknowy9999 on March 22, 2023, 03:20:24 AM

Hey guys,

so I have been buying BTC (and admittedly ETH) since October/November 2020. I have been sticking to that strategy and
even put larger amounts when there was a steep decline in a short period of time, everything on my cold wallet, nothing left on exchanges.

With prices starting to slowly rise again (not sure if I really like that, always have the feeling to never have enough), what would you think
is enough to retire in 2032? I know that nobody can tell that with certainity, but would love to hear your estimates:

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

was a good plan haha

This is great if you actually invested that large in bitcoin and ETH as of the time you made this thread last year; then you should be in massive profit by now. Talk more of if you hold it for years to come; it's really a big move and decision to use part of retirement funds to invest in digital currency that has a future from that time till now. If my calculation is correct, you should be in 3X profit by now based on the price then and the current price now.

betswift

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Quote from: uknowy9999 on December 13, 2024, 05:26:30 AM

Quote from: uknowy9999 on March 22, 2023, 03:20:24 AM

Hey guys,

so I have been buying BTC (and admittedly ETH) since October/November 2020. I have been sticking to that strategy and
even put larger amounts when there was a steep decline in a short period of time, everything on my cold wallet, nothing left on exchanges.

With prices starting to slowly rise again (not sure if I really like that, always have the feeling to never have enough), what would you think
is enough to retire in 2032? I know that nobody can tell that with certainity, but would love to hear your estimates:

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

was a good plan haha

How do you feel now? Cool

uknowy9999

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Quote from: uknowy9999 on March 22, 2023, 03:20:24 AM

Hey guys,

so I have been buying BTC (and admittedly ETH) since October/November 2020. I have been sticking to that strategy and
even put larger amounts when there was a steep decline in a short period of time, everything on my cold wallet, nothing left on exchanges.

With prices starting to slowly rise again (not sure if I really like that, always have the feeling to never have enough), what would you think
is enough to retire in 2032? I know that nobody can tell that with certainity, but would love to hear your estimates:

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

was a good plan haha

Maslate

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Quote from: laurenB7742 on March 27, 2023, 09:31:27 AM

Quote from: yazher on March 27, 2023, 09:19:13 AM

The amount varies depending on what kind of source of income you have in your account or what kind of job you have. also, the amount will depend on wherever part of the world you are living in because there are some countries where you don't need to save huge amounts of cash in order o survive for the next 50 years. As for me, I think whenever you have spare money after you spend it on your essential needs, you should buy bitcoins instead of spending it on your hobbies because in this way, you're not only saving it for the future but you also help the bitcoin market to grow.

We should accumulate according to each person's ability and need, but the more money the happier. Whether you live in a developed country or in a third world, the more money you have, the more comfortable your life will be. You are right that only your leftovers or cold money should be used to buy bitcoins in retirement, but don't put it all into bitcoin because we still don't know what will happen to bitcoin in the future. Diversify other assets to secure your future.

Well, to be honest, all investments are risky and not just cryptocurrencies alone. Other investments such as stock, real estate, bonds, and etc. have their own risks but I do really agree with diversifying the funds in all sorts of investments you wanted to pour on so that the risks aren't that big compared if you just pour all your spare funds into one investment.

And to answer OP's question about how many btc needed to retire in 2032. I think that question really depends individually because we all have our own differences like what's our retirement plan and what should we do. Even if living a simple life still mean that we should accumulate a lot of bitcoins in the first place because we don't know what the future will give to us, it's much better to be prepared and to have extra funds waiting for our disposal.

QueenVera

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Quote from: uknowy9999 on March 22, 2023, 03:20:24 AM

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

That's a fair amount to hold and if someone has that at the moment and keep on holding them, they can retire early to escape the 9-5 struggle. Let say you hold for a next 2 bull run and by then Bitcoin is now trading at $300k and Ethereum at $30k, that means you're 10 Bitcoin and 100 ETH will be worth $3m in Bitcoin and and $3m as well Ethereum.
That means you'll be having a combined total of $6m which is quite a lot, you're become a Millionaire and you can retire from your 9-5 to focus fully on investing and living like everyday is a vacation. Retiring means you'll stop working. Never think retiring means you'll stop investing as the moment you stop, you'll go broke like everyone else.
Two extra bullrun are 8 years cycle so it fits into your ten years plans for retirement which means if you own those now, you can retire in 10 years time presuming the market keeps on increasing.

bluebit25

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Looking at the current value of BTC I think it is not necessary to hold too much to have a comfortable life. I'm not sure each person's conditions and opportunities make it possible for them to accumulate 1-2 btc, but with that amount I think it will be enough to spend for life as well as be satisfied with other matters. I live in a place where I think if someone has 2btc then that person is really rich here, and with a little careful calculation I can see that money can live a whole life without to work.

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Quote from: yazher on March 27, 2023, 09:19:13 AM

The amount varies depending on what kind of source of income you have in your account or what kind of job you have. also, the amount will depend on wherever part of the world you are living in because there are some countries where you don't need to save huge amounts of cash in order o survive for the next 50 years. As for me, I think whenever you have spare money after you spend it on your essential needs, you should buy bitcoins instead of spending it on your hobbies because in this way, you're not only saving it for the future but you also help the bitcoin market to grow.

We should accumulate according to each person's ability and need, but the more money the happier. Whether you live in a developed country or in a third world, the more money you have, the more comfortable your life will be. You are right that only your leftovers or cold money should be used to buy bitcoins in retirement, but don't put it all into bitcoin because we still don't know what will happen to bitcoin in the future. Diversify other assets to secure your future.

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Quote from: uknowy9999 on March 22, 2023, 03:20:24 AM

Hey guys,

so I have been buying BTC (and admittedly ETH) since October/November 2020. I have been sticking to that strategy and
even put larger amounts when there was a steep decline in a short period of time, everything on my cold wallet, nothing left on exchanges.

With prices starting to slowly rise again (not sure if I really like that, always have the feeling to never have enough), what would you think
is enough to retire in 2032? I know that nobody can tell that with certainity, but would love to hear your estimates:

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

I mean if 10 BTC and 100 ETH is enough for you to sustain your everyday needs and some wants, then definitely that would be enough to retire at your projected date and year.

But we are here to gather as much as profits as we can and not just counting how many bitcoins and eth we acquired throughout the time, and the price, that too is a factor because if bitcoin is moving at a price range of $20k to $30k, then your 10 bitcoins won't be enough to sustain your retirement years. You needed at least 6 digits before you start considering retiring but for now, let's just focus on acquiring as much as we can.

Nrcewker

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Quote from: uknowy9999 on March 22, 2023, 03:20:24 AM

Hey guys,

so I have been buying BTC (and admittedly ETH) since October/November 2020. I have been sticking to that strategy and
even put larger amounts when there was a steep decline in a short period of time, everything on my cold wallet, nothing left on exchanges.

With prices starting to slowly rise again (not sure if I really like that, always have the feeling to never have enough), what would you think
is enough to retire in 2032? I know that nobody can tell that with certainity, but would love to hear your estimates:

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

For us humans, no number is sufficient. So it’s clear that no one can give you an exact number that, how many Bitcoins are sufficient. The thing that matters is that, how you gonna spend your retirement life. If you want to spend the life luxuriously , then definitely you shouldn’t stop accumulating the Bitcoins. If I suggest you, the you shouldn’t ask for a number. You should invest at least 30% of your earnings regularly till you retire. I hope the amount you will get till 2032 will be sufficient then only.

yazher

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The amount varies depending on what kind of source of income you have in your account or what kind of job you have. also, the amount will depend on wherever part of the world you are living in because there are some countries where you don't need to save huge amounts of cash in order o survive for the next 50 years. As for me, I think whenever you have spare money after you spend it on your essential needs, you should buy bitcoins instead of spending it on your hobbies because in this way, you're not only saving it for the future but you also help the bitcoin market to grow.

ancafe

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Quote from: uknowy9999 on March 22, 2023, 03:20:24 AM

With prices starting to slowly rise again (not sure if I really like that, always have the feeling to never have enough), what would you think
is enough to retire in 2032? I know that nobody can tell that with certainity, but would love to hear your estimates:

You can make purchases whenever you want, no one can say for sure how many assets we should provide for retirement, because price fluctuations make bitcoin go up and down under certain conditions, If you start buying bitcoins slowly and keep increasing your investment, then in the long run this pattern is the best choice.

Quote from: uknowy9999 on March 22, 2023, 03:20:24 AM

Hey guys
I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

Enough or not is actually relative, for some people 5 BTC and half of 100 ETH is far enough, but if you compare it with other people it is not necessarily enough with the calculation of the needs and income of different people.

It will be very difficult to stop when people are already benefiting from investing in bitcoin and there is no point in you setting sufficient standards for the investment targets you want to achieve, a systematic value and you can add more assets if you have the opportunity, whereas if you stop it will only be enjoy the results that are already there.

bussybuddy

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First I see you have a mindset that I think needs to be eliminated in a developed society. We are all born with rights and obligations to develop a better life right now. So I think many people set a material goal for themselves in the future to reach and think that is the end of each person, open your mind and accept new knowledge. You can be comfortable if you have no attachment to money, fame, the joys of a mediocre life, etc. So thinking how much is enough for others will never be true to your own, and don't look too far, just like thinking about you will surely die, money to make you happy is just a pile of paper.

Bollexz1

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I will start by saying that's wise of you for having part of your wealth stored in bitcoin and also for choosing the cold storage wallet as exchanges could be messy at any given time. But nobody can be double sure of how much you would be needed for retirement, so gather up as much as you can and play your retirement well.

lousie9

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Quote from: ilovealtcoins on March 24, 2023, 10:47:43 PM

Quote from: bitzizzix on March 24, 2023, 04:52:32 PM

I don't really rely on bitcoins for my retirement because we never know what will happen to bitcoins in the future, all I do is try to keep collecting bitcoins as long as possible.
and if the future or the next 10 years bitcoin will be very expensive that's very good, and even though the future prospects of bitcoin will be bright but we have to think otherwise.
so the intent and purpose is only to collect as many bitcoins as possible for business capital, buying property or other things that can make money or add value and do it in stages when I get big profits from bitcoin. But that doesn't mean I don't continue to invest, as long as bitcoin is profitable I will continue to do it with other business goals.

Yes, it is not advisable to rely on a volatile and risky asset like bitcoin for retirement. Bitcoin is only suitable as an investment for us to increase our wealth. When making a lot of money from bitcoin investment, we should diversify into safer assets like gold, and real estate for retirement. Don't just focus on bitcoin, it's too risky.

I think the statement that you convey is very true and I completely agree with you. at this time we may have faith in Bitcoin because indeed at this time we may have been helped a lot because of Bitcoin but we also have to think realistically because we cannot predict exactly what the future of Bitcoin will be.
we must be wise in managing our wealth and we must not only focus on only one way of investing. there are many other ways of investing, we also have to be smart to take advantage of opportunities in other investments as well so that if one of the methods of investment we make decreases in value, there are still reserves from other investments.
but apart from that, in my opinion, from our basic human nature, we will never feel enough when it comes to wealth, but all of this actually depends on what habits or lifestyle we have.

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Quote from: bitzizzix on March 24, 2023, 04:52:32 PM

I don't really rely on bitcoins for my retirement because we never know what will happen to bitcoins in the future, all I do is try to keep collecting bitcoins as long as possible.
and if the future or the next 10 years bitcoin will be very expensive that's very good, and even though the future prospects of bitcoin will be bright but we have to think otherwise.
so the intent and purpose is only to collect as many bitcoins as possible for business capital, buying property or other things that can make money or add value and do it in stages when I get big profits from bitcoin. But that doesn't mean I don't continue to invest, as long as bitcoin is profitable I will continue to do it with other business goals.

The ultimate goal is to have enough savings for the future, now whether you plan to achieve that by saving up and holding Bitcoins or by investing your earned capital into other businesses to achieve your goal. Some people prefer the first option where they only accumulate and hold Bitcoins and other assets, while some like it more when the money is invested in real-world businesses like real estate, etc.

If I talk about my choice, I prefer both. I believe I should have some of my money in Bitcoin while part of it should be invested in real estate, maybe gold too, and any other business that I find profitable around where I live. That way, I will be profiting from Bitcoin in the long run if the price increases significantly, and I'll also have other sources if it doesn't go very well.

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Quote from: uknowy9999 on March 22, 2023, 03:20:24 AM

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

I think this question of whether 10 btc and 100 eth will be enough to retire in 10 years no one can really answer and me and everyone else in this thread can only guess as no one can say for sure what price btc and eth will have in 10 years. If everything goes well, in 10 years the prices will be much higher than today. But who can say today what will really be in 10 years? No one!

Maybe 1 BTC will cost over $1 million in 10 years, that can be. But what can $1 million buy in 10 years? Maybe less than today with $100k?! Therefore, we can all only guess if 10 btc and 100 eth is enough. Other factors also play an important role, such as the country you live in, how important luxury is to you, how many people you want to support with the money (big or small family), etc.

Therefore, everyone has to know for themselves how many btc and eth they want to save together. While I think 10 btc and 100 eth might be enough, that's just a guess. Wink

Altryist

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Quote from: Rigon on March 24, 2023, 11:34:05 PM

Now 2023
10 years later 2033

Now bitcoin price $28000(approx)
10 BTC = $280000
It is impossible to accurately predict what Bitcoin will actually do, but many experts believe that after 2030, Bitcoin will have a market cap of $500,000.
If it would possible then 10 BTC for retirement is highly enough.
10 btc will not be enough for retirement if the market price of bitcoin falls after 2030. But based on the competitive Bitcoin demand it is true that the market value of Bitcoin will increase a lot in the future.

In fact, you need to build on how much money you need in order to achieve financial independence. Bitcoin can be one of the components in your investment portfolio to diversify your investments and feel more confident. And then everything is very individual, for someone a few hundred thousand dollars will be enough for a comfortable life, someone needs a million for this. A lot can change in ten years, but I think everyone will feel more confident if they have a few bitcoins in their wallet.

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Quote from: TribalBob on March 24, 2023, 04:09:45 PM

it looks like 10 BTC and 100ETH is enough to keep me alive during my retirement, but behind everything it takes accurate management so that btc doesn't run out quickly if it can keep spinning and even increase, that's what I still think about if I have btc savings as my retirement capital later

It depends on where you live and how high or low the cost of living is. With the amount of bitcoin and ETH that OP mentioned, you are already a rich person in my country and don't need to work anymore. You will have more than enough energy to support your family as well as yourself for the rest of your life.

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Quote from: Rigon on March 24, 2023, 11:34:05 PM

Quote from: uknowy9999 on March 22, 2023, 03:20:24 AM

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

Now 2023
10 years later 2033

Now bitcoin price $28000(approx)
10 BTC = $280000
It is impossible to accurately predict what Bitcoin will actually do, but many experts believe that after 2030, Bitcoin will have a market cap of $500,000.
If it would possible then 10 BTC for retirement is highly enough.
10 btc will not be enough for retirement if the market price of bitcoin falls after 2030. But based on the competitive Bitcoin demand it is true that the market value of Bitcoin will increase a lot in the future.

While 10 BTC is currently a decent sum of money, chances are that with its current value, it's not enough to live comfortably for the rest of your life. Due to its volatility, it's unclear if it'll be enough to sustain yourself in 5, 10, or 20 years from now. Personally, I believe that analysis may be correct to some degree, but the markets are unpredictable, and anything negative (or positive) can occur at any possible time. While I also believe that in a few years from now, Bitcoin will be worth a lot more, I wouldn't take it for granted if you ask me.

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No one really knows. Optimists think that 1 btc will be enough. Pessimists will think that even 100 btc is not enough

Topic: How many BTC needed for retirement in 10 years? (Read 725 times)