Topic: Survey : How much btc do you need for retirement? - page 3. (Read 900 times)
It varies. Bitcoin is highly volatile, so we can’t have full assurance that its value will keep on surging high when retirement age comes. If that’s the case, I wish to have 50 bitcoins if that would be highly possible. My point is, even if its price would fluctuate from time to time, I wouldn’t be totally bothered on it. I think the key here, don’t just focus on bitcoin, learn to acquire other potential assets as well outside cryptocurrency.
If bitcoin price continue to increase its value, then 1 or 2 btc is good enough. It’s already a huge amount here in my country. However, if there are possibilities to gain more than that, why not? The more btc I have, the more secured and comfortable my future retirement is.
Life is uncertain and we have no control of it. While there are chances to buy and hold bitcoin bitcoin, do it. Even if we can’t benefit it when sudden circumstances arrive, at least we have something valuable that our children can inherent from us, that alone is more of a valuable retirement for me.
Life is uncertain and we have no control of it. While there are chances to buy and hold bitcoin bitcoin, do it. Even if we can’t benefit it when sudden circumstances arrive, at least we have something valuable that our children can inherent from us, that alone is more of a valuable retirement for me.
I don't know how to calculate the benchmark of how much btc for retirement because certainly for now I still think that as long as I am still able to collect bitcoin for my future, then I will do that. I don't care how much the benchmark should be set because for me if the benchmark is too small then in the end it will only limit ourselves to collect bitcoin and if the benchmark is too big then it will only burden ourselves with the investment made.
I'm just focusing on collecting regardless of how much it is, it's the maximum I can collect so I don't want to set a benchmark or anything for my future or retirement because I don't think I need to do that right now.
Whatever the amount is, as long as we can afford it then that's ultimately what we should be proud of as bitcoin holders.
I'm just focusing on collecting regardless of how much it is, it's the maximum I can collect so I don't want to set a benchmark or anything for my future or retirement because I don't think I need to do that right now.
Whatever the amount is, as long as we can afford it then that's ultimately what we should be proud of as bitcoin holders.
There is no accurate answer to that question. How can one know which country they will be living in a decade's time? How many family members they are going to have? How will inflation be? And most importantly, what the price of the asset will be since it's volatile?
Life is uncertain; it can take turns you might have never expected, even in your dreams. You might get married, have a family of your own, might even relocate to another country or region, your expenses may rise or drop, and as I mentioned earlier, the price of Bitcoin might be lower/higher than current times, who knows? It's true that we anticipate its price to rise, but none of it is certain.
You said you think 10 bitcoins will be enough for your retirement. What if it's price is around $20k or $30k? Do you think $300k is enough for your retirement to have everything covered?
Life is uncertain; it can take turns you might have never expected, even in your dreams. You might get married, have a family of your own, might even relocate to another country or region, your expenses may rise or drop, and as I mentioned earlier, the price of Bitcoin might be lower/higher than current times, who knows? It's true that we anticipate its price to rise, but none of it is certain.
You said you think 10 bitcoins will be enough for your retirement. What if it's price is around $20k or $30k? Do you think $300k is enough for your retirement to have everything covered?
Regardless of the quantity, as long as it can established a good and stable business, then good.
Without a proper cycle and good management, even how much Bitcoin we have to support our retirement, it will soon deplete.
In retirement period, it doesn't mean a full relax. Expect many expenses (like medicines, sudden health problems) to the point that we are forced to sell our crypto assets. That's why it's better to make something good out of it so money will continue to flow even at retirement period.
Without a proper cycle and good management, even how much Bitcoin we have to support our retirement, it will soon deplete.
In retirement period, it doesn't mean a full relax. Expect many expenses (like medicines, sudden health problems) to the point that we are forced to sell our crypto assets. That's why it's better to make something good out of it so money will continue to flow even at retirement period.
Any amount of bitcoin that I can save up will do me for my retirement, but if it's an option that I'm being offered to choose, which amount will be enough for me to go for? I won't go for less; 10 BTC is a very big amount of money that can set someone up in my country and also keep a generational wealth if you manage it very well, but if I'm also offered that 100 BTC, it's a treasure that my 2nd generation will leave to enjoy based on how it will properly be managed.
Depending on your age, the size of your family, inflation, the country you live in and, of course, without knowing what the btc will worth in 10, 20 or 30 years, how many btc do you estimate you'll need to secure your retirement without the help of the state, private insurance or your family?
Do you think this is an achievable goal?
I'd like to have 10, but I know that's impossible, even if I have no idea what the btc will be in 10 or 20 years.
Estimating this is quite difficult. Personally, I do not wish to rely solely on Bitcoin during retirement. I plan to own other investments, such as real estate and other tangible assets, alongside my Bitcoin holdings. With this approach, I believe I can live comfortably with 5 BTC since I won’t be depending on Bitcoin alone. This would also give my BTC the opportunity to appreciate and provide good returns. I can't imagine depending on just BTC which I'll have to withdraw at intervals to pay my bills.Do you think this is an achievable goal?
I'd like to have 10, but I know that's impossible, even if I have no idea what the btc will be in 10 or 20 years.
I think this is just the best way to go about it since we can't really predict the future to know what it holds for us. Putting all our eggs in one basket (I.e relying on btc alone) might really be a risky decision to make.
I don't know how much Bitcoin will be needed for retirement, it depends on how everyone is doing and how they use it, the needs of others will vary.
1 BTC may be enough for me, but not necessarily enough for some people, Even 10 BTC will not be enough for someone who is too consumptive in his life.
Owning 10 BTC may be the most sensible and achievable for some people,
it will be a long-term asset for retirement as the price of Bitcoin continues to move upwards.
To be honest, I am not targeting how much BTC I will need for retirement,
it depends on the conditions and when of course there will come a definite number for me to need, it will keep changing but 1 BTC is the most affordable.
1 BTC may be enough for me, but not necessarily enough for some people, Even 10 BTC will not be enough for someone who is too consumptive in his life.
Owning 10 BTC may be the most sensible and achievable for some people,
it will be a long-term asset for retirement as the price of Bitcoin continues to move upwards.
To be honest, I am not targeting how much BTC I will need for retirement,
it depends on the conditions and when of course there will come a definite number for me to need, it will keep changing but 1 BTC is the most affordable.
Bitcoin price is unknown and no one can tell exactly how the market will react to some certain situations in the future. Bitcoin is an unpredictable but yet investable asset that is very volatile and very valuable to us humans. Those that have embraced it have seen the benefits of it and are very excited and confident in its development overtime.
Bitcoin is such a currency that we can not say for sure what the price of it will be in the future, but with the remarkable achievements it has shown over the years, it is most likely that we will see it been a dependable source of passive income for those that invest in it. If I can own 10 bitcoins at even the current price of bitcoin and inflation value, I already have my retirement savings fully activated.
Bitcoin is such a currency that we can not say for sure what the price of it will be in the future, but with the remarkable achievements it has shown over the years, it is most likely that we will see it been a dependable source of passive income for those that invest in it. If I can own 10 bitcoins at even the current price of bitcoin and inflation value, I already have my retirement savings fully activated.
For me, 10 BTC is more than enough to retire early, especially considering its value in my region. Right now, that amount is already considered significant wealth and I strongly believe Bitcoin’s price will continue to pump over the next years.
While no one can predict its exact value in 10, 20, or 30 years, history has shown that Bitcoin tends to appreciate over time. Of course, factors like inflation, living costs, and unexpected financial needs play a role, but with 10 BTC I would feel secure just holding and letting it grow.
It’s an achievable goal if one starts accumulating early stays patient, and trusts in Bitcoin’s long term potential. However, I also believe that greed will play a big roll here, if you said 10 Bitcoin is enough, once you achieve that level, you would want more of that.
While no one can predict its exact value in 10, 20, or 30 years, history has shown that Bitcoin tends to appreciate over time. Of course, factors like inflation, living costs, and unexpected financial needs play a role, but with 10 BTC I would feel secure just holding and letting it grow.
It’s an achievable goal if one starts accumulating early stays patient, and trusts in Bitcoin’s long term potential. However, I also believe that greed will play a big roll here, if you said 10 Bitcoin is enough, once you achieve that level, you would want more of that.
Do you think this is an achievable goal?
I'd like to have 10, but I know that's impossible, even if I have no idea what the btc will be in 10 or 20 years.
I'd like to have 10, but I know that's impossible, even if I have no idea what the btc will be in 10 or 20 years.
How much btc do you need for retirement? 1 bitcoin is actually enough for me to do a retirement but it would be great and you can Enjoy life if I have more than 1 bitcoin.
1 bitcoin 100K price with 4% return if we stake on defi platfrom would give us liveable choice here in indonesia for single person so if you have 5 that would be support your wife and kids as long the interest rate and the price stay the same
The problem with these type of polls is that Bitcoin could go up by 5x in a few years and then your forecasts will be completely off. Imagine if you started this poll in February 2015. They'd probably tell you you'd need a thousand bitcoins for retirement.
That's exactly why I finally did a "clever" calculation to see roughly how much a single person will need over 20 years (in France). These calculations may be interesting to look at when we have some hindsight on the price of bitcoin in a few years' time.
The problem with these type of polls is that Bitcoin could go up by 5x in a few years and then your forecasts will be completely off. Imagine if you started this poll in February 2015. They'd probably tell you you'd need a thousand bitcoins for retirement.
In my imagination 10 BTC will i prefer to have accumulated before my retirement.
As of now we are still yet to make an ATH, current price of Bitcoin equivalent to my countries fiat.
1 Bitcoin = NGN 158,925,789
10 Bitcoin = NGN 1, 589, 257, 890
I know am still young to have make millions before i get completely aged which i can also use to fund my investment portfolio, the reality i believe i can own someday accumulate is 1 Bitcoin (more if i get filthy rich) but 10 Bitcoin is out the league knowing as times passes, Bitcoin will also be increasing in value.
As of now we are still yet to make an ATH, current price of Bitcoin equivalent to my countries fiat.
1 Bitcoin = NGN 158,925,789
10 Bitcoin = NGN 1, 589, 257, 890
I know am still young to have make millions before i get completely aged which i can also use to fund my investment portfolio, the reality i believe i can own someday accumulate is 1 Bitcoin (more if i get filthy rich) but 10 Bitcoin is out the league knowing as times passes, Bitcoin will also be increasing in value.
It's a bit ironic to read the posts in this thread, like people said 10 BTC are enough for them to retire, but then they said they will sell the coins to buy stocks which gives return to hedge against inflation and earn dividend to be use for paying monthly bills. Or sell the coins to start/invest in a business in order to earn cash flow.
If you sell your coins, it means you didn't own the whole coins anymore.
I have no specific amount of Bitcoin to make me retire because I choose to never retire.
If you sell your coins, it means you didn't own the whole coins anymore.
I have no specific amount of Bitcoin to make me retire because I choose to never retire.
I wouldn't be that greedy to chose 100 or 10 BTC when there is no possibility to acquire it. I chose BTC1 because If I chose 10btc then I would be greedy when I don't have money to afford it like I said earlier. Even the 1 BTC is under probability. The fact remains that as years passes by so is BTC price keep increasing, and it becomes harder to achieve a tangible amount as time goes on. If I have my way or fund to aquire enough then 1 to 10 would be enough but if ther is no money even 0.1 will even be hard to achieve in the nest 5 years to come.
But in your respective countries, will it be possible to pay in btc or withdraw your funds without problems? Will you have no problems with your bank, or even with the tax authorities? I mean, how complicated is it to declare capital gains?
Depending on your age, the size of your family, inflation, the country you live in and, of course, without knowing what the btc will worth in 10, 20 or 30 years, how many btc do you estimate you'll need to secure your retirement without the help of the state, private insurance or your family?
Do you think this is an achievable goal?
I'd like to have 10, but I know that's impossible, even if I have no idea what the btc will be in 10 or 20 years.
Do you think this is an achievable goal?
I'd like to have 10, but I know that's impossible, even if I have no idea what the btc will be in 10 or 20 years.
Of course, if you can afford at least 1 bitcoin, that's probably enough for you to hold it for 10 years from now. This is if you're going to retire now. But if your income is high and you're capable of buying more than 1 bitcoin, that's even better.
Therefore, it probably depends on the capability of your salary as an employee in a private or government agency, that's probably how easy it is to understand.
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Even if I got like 2-3 Bitcoin, I am sure that it would do me for my retirement because I would only need 1 Bitcoin to archive a few deals I have been wanting to do, after which, the remaining Bitcoin would just be there for the next 20 years without me having to sell it for any reason. If perhaps I even get like 3 Bitcoins for retirement, it would likely be passed unto my kids.
Maybe less than 5 Bitcoin but more than 1 Bitcoin for me to retirement. That Bitcoin amount will be enough to pass my day without a problem. But I want to have more than 10 Bitcoin so I will not have to worry with my children lives because they can use that Bitcoin properly.
Besides of having Bitcoin, I will leave some businesses for my children so they can running that business and grow it to many places. That will help them to survive in the future without having a problem. If I can achieve my goals, I can stand with my own foot without expecting the help from the government because they are too late to give that to their people.
Besides of having Bitcoin, I will leave some businesses for my children so they can running that business and grow it to many places. That will help them to survive in the future without having a problem. If I can achieve my goals, I can stand with my own foot without expecting the help from the government because they are too late to give that to their people.
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