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Topic: How many btc needed to retire? (Read 2475 times)

legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
May 24, 2013, 03:05:34 PM
#31
retire from what? unemployment?
I think I could get that on the cheap.
hero member
Activity: 728
Merit: 500
May 24, 2013, 03:02:51 PM
#30
You guys are not thinking right, live off the relative negative inflation of bitcoin. No reason you would sell off all at once, adjust your retirement calculations accordingly  Wink

Something to definitely consider.  The inflation of Bitcoin at this moment is the highest it will ever be, and it will only ever get smaller until the point where it is non-existent around 2140.

The next reward halving in 2016-2017 is going to be silly.
legendary
Activity: 1834
Merit: 1019
May 24, 2013, 02:15:58 PM
#29
You guys are not thinking right, live off the relative negative inflation of bitcoin. No reason you would sell off all at once, adjust your retirement calculations accordingly  Wink
newbie
Activity: 28
Merit: 0
May 24, 2013, 02:02:13 PM
#28
You need about 3.5~5 mln dollars to retire at age 30.
So that makes it about 30.000~40.000 btc.

Since i can't see bitcoin skyrocket any time soon i think you need a lot more though.

I bet on 1000 U$ / BTC before 2016, so with 8000 BTC converted to fiat, it returns 8M, give 4M in taxes, 4M left, that should give 100k U$ / year.  If we take in account how much hyperinflation we may see in the next decade, we're fucked up.  So, better stick on BTC and wait for the day you'll be able to retire all-in BTC... imho, within 10 years..


Fuck taxes.
full member
Activity: 141
Merit: 100
May 24, 2013, 05:10:57 AM
#27
over 9000
Lol literally

Thought of Dragonball.
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
May 22, 2013, 08:46:41 AM
#26
no, you don't need that much, you just need to live cheap. Move to the 3rd world, living like a king for 15$ day.
legendary
Activity: 1002
Merit: 1000
Bitcoin
May 22, 2013, 08:01:53 AM
#25
You need about 3.5~5 mln dollars to retire at age 30.
So that makes it about 30.000~40.000 btc.

Since i can't see bitcoin skyrocket any time soon i think you need a lot more though.

I bet on 1000 U$ / BTC before 2016, so with 8000 BTC converted to fiat, it returns 8M, give 4M in taxes, 4M left, that should give 100k U$ / year.  If we take in account how much hyperinflation we may see in the next decade, we're fucked up.  So, better stick on BTC and wait for the day you'll be able to retire all-in BTC... imho, within 10 years..
sr. member
Activity: 350
Merit: 250
May 22, 2013, 07:58:23 AM
#24
either 1 or 1 million
legendary
Activity: 1002
Merit: 1000
Bitcoin
May 22, 2013, 07:57:36 AM
#23
For now, BTC are not enought usable to pay for the housing, food, transportation, clothes, drugs, etc

So even with 1 million BTC I would not be able to retire... Conversion to fiat (govt money) are still needed to speak of retirement actually.
legendary
Activity: 1064
Merit: 1000
May 22, 2013, 07:12:13 AM
#22
below the equador 1 mi USD is enough to retire and live a very good life
legendary
Activity: 1937
Merit: 1001
May 22, 2013, 07:09:59 AM
#21
You need about 3.5~5 mln dollars to retire at age 30.
So that makes it about 30.000~40.000 btc.

Since i can't see bitcoin skyrocket any time soon i think you need a lot more though.
hero member
Activity: 931
Merit: 500
May 21, 2013, 10:22:45 PM
#20
100k would be enough
$122,000,000 may seem like a lot to you, but not to everyone.  Grin

Mathematically, I presume you meant $12,000,000. BTW $122,000,000 is a lot to everyone.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
May 21, 2013, 09:32:34 PM
#19
100k would be enough
$122,000,000 may seem like a lot to you, but not to everyone.  Grin
hero member
Activity: 802
Merit: 1003
GCVMMWH
May 21, 2013, 09:25:14 PM
#18

First of all, retirement is a myth. I know, because I've been there. You'll get bored. You still have to work; on relationships, your passions. Stuff doesn't just magically happen in your life because you have money.

Of course, you can sit there and do nothing (like the zen guys), or watch TV (much more likely). But if this is what you want to do, you're killing yourself by waiting. If you're sick of work, my advice would be to stop working *now*, not wait decades. Because if you wait, you'll be very sad when you discover that your whole life has wandered by while you were holding out for a bunch of money. If you take time off, you might discover that you actually want to "work", and then it's not work anymore.


I would think that the point of retirement is to be able to devote maximum time toward things that matter, rather than putting time->money into someone else's pocket with the minor self benefit of being able to pay the rent every month. I sometimes wonder about the casual attitude of those with wealth who never had to worry about such things.
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
May 21, 2013, 05:31:31 PM
#17
never enough, there's a good chance bitcoin to fail.
legendary
Activity: 1552
Merit: 1047
May 21, 2013, 05:01:55 PM
#16
If you're member of the Vladimir Club, I believe you will be able to retire on it within 3-5 years.
full member
Activity: 229
Merit: 100
May 21, 2013, 04:44:47 PM
#15
100k would be enough
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
May 21, 2013, 03:53:13 PM
#14
One.
member
Activity: 143
Merit: 10
May 21, 2013, 03:07:19 PM
#13
How many bitcoin would you need to retire? What investment,  if any, would you put them in?

Think about what your asking...How in the world can anyone know where bitcoin will be 1 day from now, 1 month from now or 1 year from now. No one knows the price. Your trying to predict something that isnt predicatable. You can speculate, shit, I can say the sun will come up tomorrow. Odds are in my favor but there is still no guarantee. Only guarantee I know is that we all will perish at some point.

+1 (except the part about all of us perishing; this claim is also unverifiable)

First of all, retirement is a myth. I know, because I've been there. You'll get bored. You still have to work; on relationships, your passions. Stuff doesn't just magically happen in your life because you have money.

Of course, you can sit there and do nothing (like the zen guys), or watch TV (much more likely). But if this is what you want to do, you're killing yourself by waiting. If you're sick of work, my advice would be to stop working *now*, not wait decades. Because if you wait, you'll be very sad when you discover that your whole life has wandered by while you were holding out for a bunch of money. If you take time off, you might discover that you actually want to "work", and then it's not work anymore.

So it's irrelevant how much BTC you have. "Retirement" (aka "freedom") depends more on mental outlook than funds in the bank. Maybe there's a limit to this, but it's quite low. Read Thoreau's Walden, he retired with almost no money.

Second of all, retirement is a myth because of what 1bettor says. The guys at Vanguard or Fidelity or your 401k who peddle "retirement" don't know what's going to happen to money, stocks, etc. Most of them are clueless about the risks from government money printing that could collapse the whole system and destroy everyone's "retirement". I guess all I'm saying is.. I wouldn't bank on it!

Finally, bitcoin is risky. Every day there is a nonzero chance of 51% attack or nation-state difficulty attack. If you dream otherwise, you are sticking your head in the sand.

Quoted for truth.   Being healthy, and vibrant is the ultimate wealth.   There is no substitute.  

Got all kinds of money from working yourself into the dirt, but a bad back, bum knees, foggy brain, grey hair, saggy skin, and the highlight of the day is getting in a good bowel movement...sounds great....lol
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
May 21, 2013, 02:52:28 PM
#12

BTC could be $1.00 next week or $500, who knows. Enjoy life, live your life to the fullest without regret, you never know when your time is up and you dont get to see your loved ones anymore. An hour from now isnt guaranteed, nor is tomorrow. Try to be a good person and make a difference each and every day.

Well said, I wholeheartedly agree!

spiccioli


Neither of you belong here. You both have hearts and not enough greed where your heart should be.  Grin
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