Topic: How many btc needed to retire? (Read 2472 times)

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 

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..

over 9000

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.

$122,000,000 may seem like a lot to you, but not to everyone.  

100k would be enough

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.

+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.

Well said, I wholeheartedly agree!

spiccioli