Topic: How many BTC needed for retirement in 10 years? - page 3. (Read 673 times)
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I would say you should keep accumulating until you retire 😁. Man is not always satisfied with money as long as there is always something generating money. 10 BTC and 100 ETH are good, but if I have the chance to accumulate, I will definitely keep accumulating until I retire. If I am able to retire with 100 BTC and 1000 ETH, then it's a good payoff for my retirement.
There's no concrete answer to this, because well, bitcoin's price changes over time and there's no way of telling whether it would rise up in value in the future or it will plummet to its death. But the latter is a little unbelievable if I do say so myself. In my opinion, instead of wracking your brains trying to collect as much bitcoins for your retirement when there's no assuring whether bitcoin would still even be relevant by the time you officially retire, you might wanna look into other retirement plans, a 401k looks nice nowadays and is something my friends and I will always recommend since it always ensures that you have pocket money for when you can't work anymore!
I don't think Bitcoin will die. It will only go down but to counter this, we may need to stack on many Bitcoins as possible. It will also be possible for the price to recover so we can also wait a little more before we sell our coins if we want to get the best rates. Having another back up is still recommended other than Bitcoin investing. The one that you recommend there is nice and the OP might want to check it out.As long as we still have the capacity to work, it's better if we continue so that we will have the money to buy more Bitcoins. We shouldn't limit ourselves if how much Bitcoin we will have but we should only think that the more the merrier.
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?
A very subjective question I must say.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?
It all depends on how your lifestyle is. Are you frugal? Are you spending too much money on things you don't need? Are you a huge spender on some things? Are you a gambler? Are you a saver? Are you an investor? How much you need for retirement depends on how your lifestyle is. If you don't have any mortgages, any loans, but you do saved a lot of Bitcoins in the past then I guess 10 BTC and 100 ETH would be enough. However, if you are a big spender, have lots of loans, I'm afraid that you need more of that. Also take note that we don't know what the price of these 2 coins will be in 2032. We might see Bitcoin's price at that year still below $100,000 and Ethereum still below $2,000.
My plan? Accumulate and accumulate until I've reached the point where I don't want to accumulate anymore.
Life is so unpredictable that it is almost impossible to predict what might happen to you in 10 years. But you are right, it is necessary to prepare in advance for old age, so as not to be a burden to children, and not to be dependent on someone. But I would prefer to invest in bitcoin what I can do without now, is let there be bitcoin investments, but without fanaticism, without causing any inconvenience to today's life. Saving on everything, for the sake of the future, maybe the future respond to poor health and, accordingly, very expensive treatment. In addition, having accumulated some capital, you can always open your own business, which will work regardless of age, and make a profit.
I plan to collect as many bitcoins as possible even though it feels difficult but I'm sure I can do it. And to retire in 2032, we still have time to earn lots of bitcoins as long as we put in the effort. And the amount of bitcoins we can collect may be more than 10 BTC.
But for altcoins, I wouldn't hold on to them for too long because there is a possibility that if the price of BTC goes down, the altcoins will drop too deep. So hold altcoins for a while and sell them when the price is in the altcoin season position because that means altcoin prices will be at their peak. But for bitcoin, it's going to get even more expensive in the future. So I will focus on collecting more BTC, even though I have been doing it for a few years.
But for altcoins, I wouldn't hold on to them for too long because there is a possibility that if the price of BTC goes down, the altcoins will drop too deep. So hold altcoins for a while and sell them when the price is in the altcoin season position because that means altcoin prices will be at their peak. But for bitcoin, it's going to get even more expensive in the future. So I will focus on collecting more BTC, even though I have been doing it for a few years.
1. Buy at Cheaper price as possible
Dollar Cost Averaging DCA is good because with DCA you will not have to think at what price you will make your next purchase and you don't have wait for cheaper price. You can purchase Bitcoin gradually with DCA.https://dcabtc.com/
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2. Wait for your Target to Reach price Threshold
Taking profit is part of investment which gives you profit, better life, happiness but you should hold your bitcoin long enough to get good price to take profit at great rates. You should not take profit all bitcoins you accumulate because you will not know its future price. I don't advise you to hold your bitcoins forever and avoid taking profit but let's reserve one part of your bitcoins which you are afford to lose forever, to hold it about 20 to 30 years. Like 5% or 10% of your bitcoins.Quote
3. Hold for maximum Years you can hold like 10 ns 20 Years
It's is my holding plan too. 
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?
In my opinion That's not how you Define that how much BTC are needed after retirement like A simple job. I will say that there are a lot of factors to buy Bitcoin at cheaper price and than Hold Ofr long term and this long term duration will depend upon how we discuss this. And I have some key points that I will discuss about it.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?
1. Buy at Cheaper price as possible
2. Wait for your Target to Reach price Threshold
3. Hold for maximum Years you can hold like 10 ns 20 Years
And in this way you will get a lot of money and also a lot of profit that will be even unimaginable to you and also others too.
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 that depends very much on the country where you plan to live as it is a big difference if you live in Norway or if you live in Phillippines. But generally speaking, I think that having 1 Bitcoin in 2032 will be enough to retire as I think by then price might be over 1 million dollars and for me that would be enough to retire.
Bitcoin is an asset that will have a higher value if held for a long time, so accumulate as much as possible.
Thta is simply not true at this moment and this bear market is the best reason why. If OP retires and in this moment the bear market is going on, then he will need to wait for a few years until he can sell his bitcoins for profit. How can he however live in those years? If he sells in bear market he will have a loss and will not have enough bitcoin to retire. If the does not sell he needs to work again. Also OP can get sick at some point where the prices are low. How can he get his money then.
In General you should have more then one asset class. It is easy as that.
It is extremely risky to bag hold altcoins in general, it is even riskier if the altcoin is centralized, flawed and most importantly has an unlimited supply such as ethereum. In 10 years, it may not even be around let alone be worth higher than this. Not to mention that the past 5 years that ETH has been dumping consistently (from 0.15 to 0.06) has proven that it has no long term potential.
As for bitcoin, the way I wouldn't rely completely on bitcoin for retirement. In 10 years with the way inflation is going and if the adoption is slow and price doesn't go that high you may not have enough bitcoin to retire comfortably. In most countries the cost of living is already huge and is increasing fast.
It is best to diversify into other assets and I mean real assets not altcoins.
Can you clarify what real assets are, it's real estate and precious metals?As for bitcoin, the way I wouldn't rely completely on bitcoin for retirement. In 10 years with the way inflation is going and if the adoption is slow and price doesn't go that high you may not have enough bitcoin to retire comfortably. In most countries the cost of living is already huge and is increasing fast.
It is best to diversify into other assets and I mean real assets not altcoins.
10 years may not be enough for bitcoin to reach very high values, but there are those among us who will retire in 20 or 30 years, in which case the chances are much greater. But even so, I agree with you that it would be good to diversify your investments in order to reduce risks.
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?
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?
What exactly do you mean by retirement? Do you mean I should sell all of my bitcoins after holding them for ten years? I think this is arbitrary; 100 bitcoins may be sufficient for you, but trust me when I tell it is average money to another person, and why would you retire from Bitcoin in 10 years? Is owning a bitcoin for life and selling it whenever you feel like it now a profession from which one must retire? That's something I'm not sure about.
Have you also had the thought of it crashing back to your initial investments or the price that you bought? "What if" you bought the bitcoin at an average price of $30,000 and then in the next 5 years and the price surged to $300k and then another 5 years it came down again due to unforeseen circumstances like we did have so many instances of exchange insolvencies and Luna moments, how do you retire from this kind of situations? These are the things you should consider when you talk about retirement.
Don't think about how many bitcoins you need. You can never get enough BTC 
So I think it's best for you to just keep accumulating and not think about it. Eventually, you will realize that you have enough.
So I think it's best for you to just keep accumulating and not think about it. Eventually, you will realize that you have enough.
Bitcoin is an asset that will have a higher value if held for a long time, so accumulate as much as possible. But giving specific goals is the right thing to do because we will rely on them to make more effort. But when it comes to money, I think human greed will never be enough, when we achieve that goal we will set higher goals.
I don't know where OP comes from and what his income level is, but his goal for me is too high to achieve. That would be a huge amount in a 3rd world country, with that money you could also retire early without having to wait another 10-20 years.
Don't think about how many bitcoins you need. You can never get enough BTC
So I think it's best for you to just keep accumulating and not think about it. Eventually, you will realize that you have enough.
So I think it's best for you to just keep accumulating and not think about it. Eventually, you will realize that you have enough.
This is really big investment at this time also for many of us as there can be lot of people who are holding small units of btc with them and not have acquired full Bitcoin and you are talking about 10 btc along with 100 ETH for retirement plan.The main goal for me is to have sufficient funds to enjoy my life in late fifties and from speculation one btc would also be very expensive at that time.
But inflation is also going up so will depend on how much worth 10BTC would be at that time so you can afford to live a comfortable life but you can always prepare yourself for upcoming times and yes btc is great choice.
But inflation is also going up so will depend on how much worth 10BTC would be at that time so you can afford to live a comfortable life but you can always prepare yourself for upcoming times and yes btc is great choice.
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?
Depends on where you live and where you are willing to live. Yeah, 10 BTC and 100 ETH at current price is actually good enough and you will be able to retire in some countries like situated in South America. You can own a house and a car, and lead a decent life. This is based on current price. If the price in next 10 years goes up more, you can literally own a mansions and lead a luxurious life in those countries. So yeah, you are doing the right thing saving bitcoins now.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?
But like you said, no one can exactly predict what the price is going to be in next 10 years. Chances are that the price is going to be higher, but there is also a chance that the price will be much lower than it is today.
10BTC and 100ETH is a good starting point for a retirement fund. In my place, that is a very high price that, even at its current value, can provide you with a comfortable life. Looking ahead to 2032, when we all hope prices have risen further than they are now, it will be an excellent retirement plan. Although market volatility should be taken into account, you may not be able to exit the market at its ATH in 2032.
This looks to be fair amount for the retirement. In the past it looked like an easy investment based on its current price. Even after this we'll get more opportunities in the ten years time. We need to have perfect plans and start saving, so that we can buy the mentioned number of Bitcoin and ethereum at the best price. If not, atleast we should start DCA technique by now onwards which helps to accumulate the number at an average price.
If you plan to retire in 10 years then it shouldn't stop your buying power, right? You should be buying a good amount of Bitcoin every year, let's say you are able to afford 0.1 BTC per year from your salary or business, in 10 years time that's 1 BTC, how incredible is that? Right now, 0.1BTC is 2744$, this is very achievable every year for the working-class, if we have to break this amount further down, this is 228$ per month.
I believe this strategy is far more going to be effective, instead of buying 0.1 BTC like some recommend and sit on that for the next 10 years, not good enough to me, use the next 10 years to secretly accumulate Bitcoin 👍
I believe this strategy is far more going to be effective, instead of buying 0.1 BTC like some recommend and sit on that for the next 10 years, not good enough to me, use the next 10 years to secretly accumulate Bitcoin 👍
Why we should stop to accumulate more when we still have a chance to accumulate more even though we're already old enough? I'm not retired yet, but I believe many retirees are have a lot spare time where they doesn't know what they need to do. They're happy in the beginning, they will chill and enjoy their life, but after few months or years, they will say their life were boring and they need to do something to kill their boredom.
over the last couple years i've told people hodl at least 0.1 BTC as long as you can - it may change your life one day.
hyperbitcoinization could send the price to $100m per coin (in today's buying power)
even if BTC has market share with XMR and possibly a few others, how much money do you need?
hyperbitcoinization could send the price to $100m per coin (in today's buying power)
even if BTC has market share with XMR and possibly a few others, how much money do you need?
That question will be answered on an individual level, this is because by that 10 years what are your goals what do you plan to have achieved? Also, the exchange rate after selling the bitcoin matters, for me to retire in the next ten years I think 1 BTC will do to have a quiet and peaceful life forever.
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