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Author Topic: How high would Bitcoin price have to be for you to live off Bitcoin?  (Read 3221 times)
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December 30, 2016, 11:05:18 AM
 #21

Again, it s not about checking price every day and doing calculations. It s about patience.

So I wont say what would be the price I d like to see, I ll say I ll keep BTC 2 more years and sell at that price.
As long as bitcoin can still give me profit, I will continue to support it. With ways that we can do easily like having fun in online gambling, doing micro jobs for small earners and for serious earners we have trading and online investing.

It will never end as the process is very long and will continue to grow as what we expected, the move we stay here, we will surely be benefit.

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December 30, 2016, 11:16:15 AM
 #22

I think your question is not complete. But to answer your question, I may say the price is not worth for us, it's all depend on how much bitcoin do we have in our wallet.
Let's say I have 2 btc in my wallet, and bitcoin's price are in $10.000. well, I have $20.000 now on my wallet. But honestly, when the price is touch that price, who can predict the future of the basic needs too. I have $20.000 to invest but I have to buy breads for $12 per day.
Just calculate it if don't get what I mean.

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December 30, 2016, 11:19:41 AM
 #23

I wish bitcoin to survive long to give life to more and more users directly and indirectly. The present price itself seems good to have a comfortable living in a third world country, if he can earn at least 1btc. Earning access needs to be increased for the better profitability.

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December 30, 2016, 12:03:45 PM
 #24

Right now, I have BTC0.0915 with me. I need at least $2.5 million to live comfortably. So after all the calculations, I need an exchange rate of around $25 million per coin to live off Bitcoin.

I know that it is impossible. So, I never plan to live off Bitcoin. For me, Bitcoin is more like a passive source of income.

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December 30, 2016, 12:34:08 PM
 #25

For me as much as bitcoin can rise, it will be better for me to live off, means we always wants note and more, that's the human nature. So, for me now I need to collecting more and more bitcoin.
Also for inherited to my children and grandchild.
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December 30, 2016, 12:49:47 PM
 #26

The current exchange rate of PhP 47,167 per 1 btc is more than enough to live off for a month. I'm currently working from home, when I used to work in a BPO company the salary was 20K - and that's already way above minimum wage. I'm not sure about living off bitcoin though. This current rate makes it hard for me to buy bitcoins for investing so the best I can probably do to get more is work online.

I'm not sure how to use it as a passive income. I know that the price keeps rising but if you are just going to pull out some of your profits for your expenses, that would mean you'd be left with less btc, right?

This might be off-topic but since I've already mentioned passive income, are there advertisers that pay in bitcoins? I mean, other than signature campaigns in forum like this. I've never blogged before but I've heard bloggers are paid for ads placed on their site.
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December 30, 2016, 01:05:19 PM
 #27

bitcoin price doesn't have to be really high for me to be able to live off of bitcoin. i can make money with bitcoin at any price , as long as there are jobs to do online and also as long as there is trading going on (mostly altcoin trading) i can make more bitcoin and turn into money if needs be.

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December 30, 2016, 01:17:59 PM
 #28

bitcoin price doesn't have to be really high for me to be able to live off of bitcoin. i can make money with bitcoin at any price , as long as there are jobs to do online and also as long as there is trading going on (mostly altcoin trading) i can make more bitcoin and turn into money if needs be.

Seriously this bitcoin passive income is helping many people whom I have met in the forum. They have said this threads and some of friends also said this. I do exchange the bitcoins whenever I do not have enough fiats with me.
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December 30, 2016, 01:19:22 PM
 #29

Since I don't have very much Bitcoin, the price would need to very high. It's unrealistic right now, but in 20 years you never know what the price will be.
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December 30, 2016, 10:05:02 PM
 #30

It all depends on what exactly I'll be doing and whether or not I'll be earning more Bitcoin in the meantime, or if I'll be living just off of what I have going for me right now.

if it's just for what I have with no earning capacity, then I need some large amount of value, $100,000/BTC would be beneficial and could probably let me live in my care for the majority of the remainder of my life with what I have, if I was to never earn again.
When it comes to bitcoin , it is not how high the price goes , but about how much I am earning from it or rather if I do have a constant good paying job that gives me bitcoin, I cannot make my life based on the bitcoin, however if I have a job that pays me like 0.1 btcerey day and the price of the bitcoin goes down than it will be worthless.

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December 31, 2016, 12:00:39 AM
 #31

Many wealthy people can live off the interest of the money they have in the bank,or other passive income,  How high would Bitcoin price have to be for you to live off Bitcoin?

I would say 10bitcoin in price $950. it would be fulfill my daily needs in 5 years I think, as long as I live myself. and I will use it to start a business in order to get some profit I can save for my travelling in the next few years with my family.

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December 31, 2016, 12:59:02 AM
 #32

Many wealthy people can live off the interest of the money they have in the bank,or other passive income,  How high would Bitcoin price have to be for you to live off Bitcoin?
Those are in fact two different questions, to be able to live out of the interest generated by my small amount of bitcoins I will need bitcoin to be worth a few million, but to live of the small earnings I get every day, I will need the price to be close to 4k.
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December 31, 2016, 02:53:36 AM
 #33

Many wealthy people can live off the interest of the money they have in the bank,or other passive income,  How high would Bitcoin price have to be for you to live off Bitcoin?
I think it is not about how high bitcoin's price for living from bitcoins, but how much passive income from bitcoin.
Because bitcoin's price is not useless if i don't have any income from bitcoin.
Amount of passive income for living from bitcoins about $10000 in bitcoin, will be enough I guess.
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December 31, 2016, 03:00:36 AM
 #34

50,000/btc might be great though. but its quite impossible to reach that high.
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December 31, 2016, 08:41:21 AM
 #35

I wish bitcoin to survive long to give life to more and more users directly and indirectly. The present price itself seems good to have a comfortable living in a third world country, if he can earn at least 1btc. Earning access needs to be increased for the better profitability.
yes i also hope so and the earning mean must be increase so that people have better opportunities to earn bitcoin for leading a comfortable life. bitcoin is really promoting in good way and hope that it will continue for ever.
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December 31, 2016, 09:18:27 AM
 #36

I would say 2500$ per bitcoin would be enough for me because 10000$ per bitcoin is too high because the transaction fee will be around 10k - 20k sat which will be around 1$ +
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December 31, 2016, 09:37:02 AM
 #37

Right now, I have BTC0.0915 with me. I need at least $2.5 million to live comfortably. So after all the calculations, I need an exchange rate of around $25 million per coin to live off Bitcoin.

I know that it is impossible. So, I never plan to live off Bitcoin. For me, Bitcoin is more like a passive source of income.

its not impossible to be happen but we should wait more time before the price is up like you want. i am not dreaming too much for this, the only thing that i want is i can make withdraw in everyday at least $100 in a day from bitcoin and i am not decide to live off from bitcoin.

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December 31, 2016, 03:47:57 PM
 #38

Many wealthy people can live off the interest of the money they have in the bank,or other passive income,  How high would Bitcoin price have to be for you to live off Bitcoin?

I would say 10bitcoin in price $950. it would be fulfill my daily needs in 5 years I think, as long as I live myself. and I will use it to start a business in order to get some profit I can save for my travelling in the next few years with my family.
i think you should clear it first that either you need it on monthly basis or weekly basis, to me i think if the price of bitcoin is trading above 1000 USD then it is enough for my monthly expenses along with my small family.
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December 31, 2016, 09:17:53 PM
 #39

For me as much as bitcoin can rise, it will be better for me to live off, means we always wants note and more, that's the human nature. So, for me now I need to collecting more and more bitcoin.
Also for inherited to my children and grandchild.
to me i think lit your children and grand children leave their own life. they should earn for themselves, you nee to earn for your self and to support your children tell they become adult,you should try to facilitate your own life by earning and fulfilling your daily requirements.
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December 31, 2016, 09:43:18 PM
 #40

I would say 2500$ per bitcoin would be enough for me because 10000$ per bitcoin is too high because the transaction fee will be around 10k - 20k sat which will be around 1$ +

if you have enough inputs it already is $1+. They've adjusted the fee before. they'd better do it again because i can't see many people paying $10 per transaction right now.
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