How high would Bitcoin price have to be for you to live off Bitcoin?

[whizter]

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.

i want to continue earning from bitcon and never feel for any day job. i want bitcoin to continue gaming me such amount of bitcoin that can be enough for spending a good life and i cannot think about bitcoin to ever leave it .

[Diced90]

The real people living off bitcoin own bitcoin companies and making pretty good money too but individually i see bitcoin as a source of petty cash .

[topesis]

Once the BTC price hit $10000 price floor and the inflation rate is not damn high. I tell you, I will be free financially and I'm sure so many people here too will be. What I will advise people is to always say part of their BTC for the period like this, it seems inevitable we will hit that price in future

[canah17]

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?

Well for me its much bigger i mean 50 BTC well its very big its huge haha.. but i really need the money for it to have my own business so that i will live off bitcoin but it seems like i can't really open up a business because i don't have any experience so i would pay someone to help me with my business and expenses are no problem to me but what i am afraid of tax in bitcoin because if you have much larger income on bitcoin the tax will be at the most of getting larger by then i won't achieve my dream of becoming a business man but for sure that 50 BTC will help me how about you? how much do you prefer to live off bitcoin? Have a nice day! and Happy new year!

[Nahl]

as a human maybe high price will not satisfied us because it is has become human nature but if i could using at least 0.1 btc to feed all of my family and buying all my daily need in a month i think that will be enough for me or 1 btc per $200k might be good

[alphablitzer]

1 million dollars per Bitcoin. Lol. I'm not sure if that will happen but thinking it has  possibility, it would be nice. It's funny to think that some are speculating and hoping for that to happen. Hoping for it!

[Velkro]

$20,000.00/BTC for a very modest living for me.

Thats modest calculation, you probably have a lot of bitcoins. I would say $100000 per BTC
There is chance for that, in year 2050 , life is too short.

[lol3c]

1 million dollars per Bitcoin. Lol. I'm not sure if that will happen but thinking it has  possibility, it would be nice. It's funny to think that some are speculating and hoping for that to happen. Hoping for it!

That seem to be the wildest dream I have ever heard But yeah bitcoin does have some possibilities of rising sky high and reaching the enormous price. Anyways, it would be a long long time before the miracle really happens, I think we won't live long enough to see that happen but maybe our children will

[mrkevio]

I cannot calculate how much I need to live off it for the length of my life because I don't even know how much will I live for. But I can calculate one year approximately. To live off Bitcoin for one year I'd need 4BTC just for survival. This means around $200 for food per month and $150 for monthly bills. This is the worst scenario - for a moderate living I'd need around 6-7BTC. Sounds like nothing, but this is real. The 4BTC could turn into luxury living with the price rising so fast though!

[The_Dark_Knight]

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.

I can confirm that this is true, yesterday I sent a transaction and before doing it I was struggling with the idea my wallet kept indicating to me that the recommend fee was a dollar and at some point when I put an even bigger amount to be transacted it wanted to charge me 10 dollars for the transaction.

[Huge Black Woman]

about $147,000,000, my 0.008 BTC would be worth something then.

Yo, I'm in da same boat.  I don't zactly know how y'all could live offa bitcoin without sellin' it.  Y'all could live offa stocks and that sorta thang, 'cause they pay dividends an' give you caish flow.  I s'ppose if bitcoin hit $1million I could sell some an' live offa dat fo' a short minute.  I don' wanna sell dough.

[Maslate]

about $147,000,000, my 0.008 BTC would be worth something then.

Yo, I'm in da same boat.  I don't zactly know how y'all could live offa bitcoin without sellin' it.  Y'all could live offa stocks and that sorta thang, 'cause they pay dividends an' give you caish flow.  I s'ppose if bitcoin hit $1million I could sell some an' live offa dat fo' a short minute.  I don' wanna sell dough.

As the price is rising, it's also a great challenge to us, time will come we will be tempted to sell, I doubt if you can still hold until the price to hit $1,000,000 before you could sell. I bet, most of us will sell once seeing a price like $10,000 and that will make the whales richer because they have bigger patience than us.

[crossabdd]

for me the problem is not how much the price, but how much can i get in bitcoin if im full live in bitcoin.
in mid 2014 i can earn 0.2-0.4btc per week from trading altcoin,giveaway, etc. but today is very hard to get 0.1 week from altcoin trade, the price of bitcoin rising everyday, and altcoin price down again, my last trade i lost 0.8btc, and now i stop it

[The_Dark_Knight]

about $147,000,000, my 0.008 BTC would be worth something then.

Yo, I'm in da same boat.  I don't zactly know how y'all could live offa bitcoin without sellin' it.  Y'all could live offa stocks and that sorta thang, 'cause they pay dividends an' give you caish flow.  I s'ppose if bitcoin hit $1million I could sell some an' live offa dat fo' a short minute.  I don' wanna sell dough.

You could do what some do, you could invest in bitcoin casinos, or you could lend some coins and then obtain interest rates over it, or you could trade crypto currencies and charge a fee for the service.

[Kakmakr]

I look at this from another angle. I would rather focus on the amount of bitcoins you would need to have to sustain your wealth. Let's take a simple example : If you own 1000 bitcoins and you trade for profit and double the investment every year, then you will still have 1000 bitcoins after a year and 100% interest on your investment. What bank gives that kind of interest?

This was possible with Bitcoin in 2016. I bought at $400+ at the beginning of 2016 and I sold 50% of those coins at $1010 to take some profit and to have floating fiat, when the price drops to be in a position to buy again at a cheaper rate.

The more coins you have, the higher the profit under the right conditions. Just remember that this was a good year for us.

[Rizky Aditya]

$20,000.00/BTC for a very modest living for me.

Yeah. That is probably the right price for me to completely live off Bitcoin. The price would also have to be extremely stable like the price of gold. Otherwise I would be investing my money and then just be losing it day by day. The time is also not right to be living off Bitcoin as not many stores accept it.

[Dudeperfect]

It actually doesn’t really matters for me (yes it affects my trade decisions and other stuff) but since I am love with this technology, I don’t expect the price to remain $1,000 forever because as an economics student I know it won’t remain like that forever. It all depends on demand and supply mechanism so I won’t hit arrow in the air with any amount.

[The_Dark_Knight]

I look at this from another angle. I would rather focus on the amount of bitcoins you would need to have to sustain your wealth. Let's take a simple example : If you own 1000 bitcoins and you trade for profit and double the investment every year, then you will still have 1000 bitcoins after a year and 100% interest on your investment. What bank gives that kind of interest?

This was possible with Bitcoin in 2016. I bought at $400+ at the beginning of 2016 and I sold 50% of those coins at $1010 to take some profit and to have floating fiat, when the price drops to be in a position to buy again at a cheaper rate.

The more coins you have, the higher the profit under the right conditions. Just remember that this was a good year for us.

This is a nice strategy and one I will keep in the back of my head currently I cannot apply it but I will in the future since the price of bitcoin it is very high right now and it does not seem like such a good time to buy.

[Lauren Smith]

I will say I need at least 0.5 BTC to pay off all of my daily need with the rate of 1000$, and for me it is still to hard to find 0.5 a month so it is still to hard to live only depending on bitcoin and because there are no bitcoin bank, so I can't rely on interest to earn, and rely on inventing also not an option because the profit can be up and down

Banks are the worse way to get interest. Investing is a good option and yes the profit can go up and down but in the long run it goes up if it is a good investment. Or you can try some altcoins. I need a out the same amount of money as you per month as well.

[sportis]

Are there people believe that they can live from interest only? Speaking about fiat money big interest means inflation. I think that you can understand. As of passive income yes if passive we mean to have buildings and rent apartments without the need to lift my finger or something similar like to write a book once and after that publishers pay royalties to translate it in different languages and so on.