How many BTC needed for retirement in 10 years? - page 6.

pgbit

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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?

In my point of view it really depends on your individual goals and needs. If you want to retire in 2032, you should consider how much you will need to live comfortably and plan accordingly. Are you looking to retire completely or just reduce your working hours? Do you need to cover your retirement expenses as well as your cost of living? These are all important considerations when planning for retirement.

pooya87

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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.

hugeblack

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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?

If you intend to invest about 300K USD, it is better to ask an expert for 500 dollars instead of a multinational forum.
In general, the amount is considered relatively large for the majority, and therefore it is a good long-term investment if you do not intend to use that money until after 20 years or more.
As for the return, where are you? and can you get a higher return through other investments or not? If that money is surplus to you and you are not afraid of losing it, then go a head and HODLING.

Dr.Osh

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

-snip-
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 now, 10 bitcoins and 100 ethereum is a lot of money. we assume that bitcoin and ethereum prices will be very high in the future. meaning, you need to have a lot of money to accumulate that amount before retiring in search of bitcoin or ethereum. actually it's a good value, but if that's your target, then you need to set it up from now and take advantage of the bear market to get a cheap price. Personally, I don't know how much is suitable for retirement, but as long as I can still earn from it, I will continue to try to make it.

Z390

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Years ago, it is easy to buy 10BTC but today you have to be a millionaire to be able to buy 10BTC, it is not too late though, you can still strive to get 0.5BTC to 1BTC because, in the next 10 years time, it will be almost impossible to be able to afford 1BTC because the value will be much more premium than what it is at right now.

1BTC will bring your dream right to your door very easily, because who knows, maybe the 500k price mark for Bitcoin is achievable in the next 10 years to come.

Keep Grinding.

Nwada001

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10 BTC and 100 ETH which is not small money in my country here, but you can calculate what you see as enough depending on your financial status and what you earn monthly, weekly, or annually. For an average guy like me, this amount is really enough for crypto retirement, adding to other forms of assets that you might have accumulated before your actual retirement date. And if you are lucky enough before retirement, both coins might have doubled in price, which will be a lot of money compared to what they're currently worth.

fuguebtc

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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?

You must be a very rich person, and your goals are too high if you ask me. I guess these days, owning 1 BTC is extremely difficult for many people, let alone 10BTC and 100ETH. The goal of accumulating assets for retirement will depend on each country and each person's life needs, with your goal, for example, I never dared to think about it because it is a huge amount of money. In my country, if I get that fortune, I won't need to work from now on and can live the rest of my life without many worries. That's too much money to retire.

UserU

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Realistically speaking, many are unable to retire comfortably with BTC fluctuating rates.

Currently 10 BTC and 100 ETH are roughly 282,000, and 180,000 dollars respectively. Combine both and you're still short of 500K assuming that the bullruns don't further dilute your holdings. That is if you are able to continue buying while maintaining some spare cashflow for daily expenditures.

I'd just go with whatever amounts that suit my fancy. There are other assets that will continue to appreciate so the amount of BTC don't matter to me.

retreat

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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?

In my opinion, there is no measure of how much money a person needs to be able to retire and enjoy their money in peace, because it all relates to one's needs and lifestyle. If you are a fairly simple person and have a lifestyle that is not too high, I think the amount of 10 BTC and 100 ETH is enough, but if you have a lot of needs and the lifestyle you have is also high, like you want to have a ferari or a luxury house in the elite area, 100 BTC in my opinion will not be enough either.

uknowy9999

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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?

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