Pages:
Author

Topic: How many BTC needed for retirement in 10 years? - page 4. (Read 672 times)

hero member
Activity: 2618
Merit: 548
DGbet.fun - Crypto Sportsbook
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.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
As much as possible and as much as you can. For sure the bigger the better BUT nothing will give you an assured profit. Take note that the market price of Bitcoin is volatile and that means funds of yours won't be having assurance to generate profit in the future. If we would base on charts, indeed the market value of it is growing in a long run but what would give us certainty that it will be continuous? Anything could happen in a long time frame and that simply means that risk will always be there. Using this technology as your retirement plan won't be advisable. Retirement funds should bee in a place wherein no risk is present because you'd be needing it in times of emergency. Let us be not delusional; not because this technology has potential you'd already risk everything into it.
sr. member
Activity: 686
Merit: 301
Hire Bitcointalk Camp. Manager @ r7promotions.com
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.
legendary
Activity: 2282
Merit: 3014
Please only listen to people who are actually licensed and trained to give this kind of information, and I can tell you that 90% of the people replying in this thread have absolutely NO CLUE what they are talking about. 

As a financial advisor I would be happy to discuss this with you personally if you truly care and want to truly learn.  There are so many factors at play here and absolutely no one knows if bitcoin and ethereum with be worth 1 dollar or a million dollars down the road.

Always remember, ones portfolio must be diverse.  You must have traditional assets as the backbone of your portfolio first, then you bring in more risky assets , such as bitcoin. 


People should stop trying to give advice that are not qualified to do so.  SMH
sr. member
Activity: 924
Merit: 365
Your stated objective is to retire in 2032 with 10 Bitcoin and 100 Ethereum. If I can get 1 or 2 BTC before that time, I'll be fine.

It is never necessary for someone to have a defined objective to amass 10 BTC and 100 Eth before retiring by 2032 because of the volatility of the cryptocurrency market. Depending on the quantity and value of Bitcoin in my portfolio, I can retire at any time. I can choose to retire happily if I should have 1-3 BTC before 2032 and the price of bitcoin increased more than I anticipated over the next bull run.
hero member
Activity: 2744
Merit: 588
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!

Yes, he can look at other investment options not only with BTC or ETH.
Much better if you have tangible assets such as real-estate, precious gems, and others that you have physical ownership.
Or just like you said, invest in a 401k retirement plan or whatever is equivalent in your country.
You can never be sure with crypto market, so with your tangible assets, at least you have a fallback if anything goes wrong with this market.
member
Activity: 499
Merit: 16
How much money is enough money to you? 100k$? 1m$? 10m? You probably won't be able to come up with a decisive answer to that because human wants are insatiable. If you're sure having 100BTC will be enough for you to retire, given the knowledge you have about potential buying opportunities when you were stacking up on BTC, the natural greed instinct in you will not make you overlook a very big buying opportunity. Hence, you may really not be able to retire. You'd always come back.

Let's say your average price of getting 100BTC is 40,000 and the price goes as high as 70000. You might be satisfied at that point but would you be able to overlook if Bitcoin goes back to 20k? Knowing that the last time you you bought at that price, you're in massive profits now.
hero member
Activity: 700
Merit: 541
Bitcoin Casino Est. 2013
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 have never actually sat done to make a plan about my retirement because I still have alot of things to do first before I can focus on what I want for retirement.
My country's currency might not be the same with yours but if you compare the price of 10 BTC and 100 ETH that would result to some pretty amount and if you are able to successfully save this amount it should be enough for retirement.
Like I said earlier my country's currency and yours are not the same.
hero member
Activity: 1750
Merit: 589
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!
sr. member
Activity: 2086
Merit: 283
Vave.com - Crypto Casino

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?
10 BTC and 100 ETH is a very large nominal so I think this amount is enough for you to continue living, especially if you live in a country with a low cost of living then you can have fun with the amount of investment you have, imagine when the bitcoin price reaches to the level of $ 100k and the price of Ethereum reaches to the level of $ 10k you will get $ 2m worth of funds in the portfolio and be able to make you live well enough like the cost of living in the country I live in which the average ordinary person only needs funds worth $ 350 to $ 450 for monthly expenses .
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
I would guess 1 bitcoin would be enough, depends on where you live but if you know what you are doing then in any place on earth should be good for 1 bitcoin retirement. I believe that in 10 years bitcoin will be at least over 500k, and possibly closer to 1 million. Doesn't matter where you live, it could ne New York, it could be London, those would be very tough to live on a million but if you buy a place and rent it out and live in a smaller place then maybe you could do it.

However, aside from those very expensive cities around the world (there are a few) then rest of the world would be easy, you could buy like 10 houses in most places with that kind of money.
hero member
Activity: 1092
Merit: 747
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?

Simple Economics made us to understand that man has an unstable needs (I.e man's needs can never be satisfied), and as such, if a person get a to accumulate more Bitcoin, as time goes on, so will he/she wants to add more so as to satisfy his current wants and basic needs.

That is,
    * Needs = Something that is needed to survive e.g Food, shelter and clothes.

While,
 * Wants = Something that a person desires e.g mobile phones, cars & laptops

So for me, If could have  10 BTC and 100 ETH which is approximately $500,000 "just as UserU said", I will literary want to accumulate more so as to increase my wallet portfolio, as money is never enough for anybody who is alive, but the dead.
member
Activity: 120
Merit: 25
I smile  Cheesy Cheesy Cheesy and that's cool I think about planning to retire with BTC in 10 years. Assuming that BTC continues to increase in value over the next 10 years, accumulating 10 BTC and 100 ETH can potentially set you up for a comfortable retirement. However, it is important to regularly reassess your financial plan and adapt it to changing markets and your personal circumstances.

I think there's something else for you to keep in mind going forward which is to consider the tax implications of holding BTC and ETH in your retirement portfolio. Depending on your country of residence, you may be subject to capital gains tax when you sell BTC and ETH, which can affect your overall retirement income.
hero member
Activity: 2086
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
It would depend on how much Bitcoin would worth after 10 years and of course the cost of living.
If you would also retire then it is better to look for passive income to support you on your bills and all of the things you need.
So we couldn't really say how much Bitcoin or crypto we need for retirement in 10 years because the cost of living and Bitcoin price are constantly changing.
hero member
Activity: 1022
Merit: 642
Magic
With 10 BTC you can not retire in a wealthy country. 10 BTC is a lot of money, but at current prices you can live a maximum of 10 years. If your retirement is far away you can accumulate 10 BTC and hope that prices will go to 5x or 10x, then you have a good chance that it will be enough  Cool
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
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?
With the market rushing and coming to a bull run, this is more than enough for me.

It depends on your lifestyle and the cost of living of where you are right now. But for me, wherever I'd go, this is already good and more than enough for me to have a good life while on a retirement.

I'd spend that with different businesses and will still hold a lot from that amount so that I'll also be prepared for the very next bull run that's inevitable to come.
hero member
Activity: 1008
Merit: 520
Leading Crypto Sports Betting & Casino Platform

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?


10 BTC may still be a relatively small retirement amount unless you will have a well structured retirement payments to support you in paying other bills such as medical and travel, because holding Bitcoin as a volatile asset may not be a guaranteed successful retirement.
It will largely depend on the inflation rate of your country and how well you can cut down your expenses to be able to survive on a 10BTC accumulative amount for retirement
sr. member
Activity: 658
Merit: 387
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?


Probably 100 btc and 10,000 ETH, just kidding.
To me no amount is enough for the wealthy, my advice is just to keep on accumulating until your retirement day, with what you have already it's enough for anyone in whichever country the person might reside to say he/she is set for retirement. 460k+$ is not a chicken change, let's be realistic here. if you are the type with huge dreams and have a better source of income which usually gives you a large left over after all your monthly bills and expenses are being feet, then just keep on investing, no amount is too huge for retirement.
hero member
Activity: 1624
Merit: 791
Bitcoin To The Moon 📈📈📈
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 don't think anyone knows what will happen in the next 10 years although we believe bitcoin will have a sharper increase but in investing in bitcoin it will only take a little time while the supply limit will run out still leaving a lot of time so the price will not be sky high so even though it has achieve big plans with results invested why should you retire? While the world's entrepreneurs are still growing their wealth even though the money is already millions of dollars.

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?
Maybe for us it is a large amount of 10 BTC and 100 ETH even though we will never know in the next 1 decade, remember don't get too carried away with the amount of money that has been achieved you should be able to roll back these assets to those that are more valuable to be more precise diversify rather than having to store it all in crypto.

I will not retire enough even if the results are big, I will continue to increase my wealth until I can afford it.
hero member
Activity: 1120
Merit: 554
🇵🇭
It depends on your cost of living. 10BTC is a bit over kill in my 3rd world country because you can guarantee a good life here for many years even with 1BTC with just a proper management of money without buying unnecessary things.

My goal is to have 5BTC as my retirement funds. I’m currently on the 1BTC equivalent value in fiat on my savings right now and trying to convert in Bitcoin slowly. I believe I can reach this goal for 30 years of working since I already computed my total savings in the future using part of my salary.
Pages:
Jump to: