rdluffy (OP)
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April 22, 2020, 08:14:45 PM |
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Guys, imagine if BTC reaches 100k USD today or in a few days. Now answer: Would you be happy with the amount you have right now? It's enough for you to retire, or to be rich in your own terms?
It's a good way to think if you need more BTC or is it's enough
If BTC reaches 100k today, with the amount I have, I would be in a really good situation, but not enough to retire, so I'm working to buy more BTC in a mid term
Share with us, do you need more BTC?
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gentlemand
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April 22, 2020, 09:04:54 PM |
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Everyone's going to say they need more. Most people who did end up with a lump that looked large would probably find themselves running out of money big time just when their earning power was gone. A couple of million dollars or whatever looks good but it has to be preserved and grown and all the while you might be depleting it.
To be officially 'rich' I'd need a lot more BTC than I have now at that price level.
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24Kt
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April 22, 2020, 09:11:47 PM |
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I don't think many people will say that they have more than enough to last their lifetime or considered them as rich per se. But $100k, I don't think that's possible in the next few days or so but since you are asking a hypothetical question here, I don't have enough btc even if it reaches that value.
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rdluffy (OP)
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April 22, 2020, 09:41:25 PM |
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Everyone's going to say they need more. Most people who did end up with a lump that looked large would probably find themselves running out of money big time just when their earning power was gone. A couple of million dollars or whatever looks good but it has to be preserved and grown and all the while you might be depleting it.
To be officially 'rich' I'd need a lot more BTC than I have now at that price level.
I'm not a guy that needs a lot of money to live, I like to be simple, and with the dollar price, 1 entire BTC would be enough to retire if prices reach 100kUSD, but this is only for my country and maybe some countries where the living cost is cheaper than US for example I think for US citizens 100k USD is not a huge amount of money, barely buy a small house ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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gentlemand
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April 22, 2020, 09:44:59 PM |
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I think for US citizens 100k USD is not a huge amount of money, barely buy a small house ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Yup. Say if you're 30-40 ish in a first world country you have 40-50 years of life to pay for as well as a property. $3 million looks big but you'd still have to live a modest and wise life to eke it out if you chose not to work. And inflation will murder it so you have to be extra on the ball. Most people wouldn't think that way. They'd get the Lambos, the stupid holidays and then they'd realise well over half was gone already within a few months.
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dunfida
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April 22, 2020, 09:58:42 PM |
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If BTC reaches 100k today, with the amount I have, I would be in a really good situation, but not enough to retire, so I'm working to buy more BTC in a mid term
No, i havent accumulate bitcoin that much for me to retire even it would hit up 100k price.Lots of us will surely be happy if that situation do happen but we know that in reality we do even have a hard time on breaking the ATH. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Share with us, do you need more BTC?
Of course and thats the main reason why we are here on crypto space on where to accumulate btc as much as we can to make more profits as year pass by but we should always thing that there would always be a risk because we wouldnt know if btc would still exist on future years to come.
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FlightyPouch
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April 22, 2020, 10:20:22 PM |
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Guys, imagine if BTC reaches 100k USD today or in a few days. Now answer: Would you be happy with the amount you have right now? It's enough for you to retire, or to be rich in your own terms?
It's a good way to think if you need more BTC or is it's enough
If BTC reaches 100k today, with the amount I have, I would be in a really good situation, but not enough to retire, so I'm working to buy more BTC in a mid term
Share with us, do you need more BTC?
To be honest, I don't think people would be thinking that they don't have enough amount or number of bitcoins when it hit that kind of price. What they will be thinking first is how long will it last so they could get their profit more or keep on holding since it might be the tip of the iceberg. We are still far from that price and what I can think of is that almost all of the countries are using bitcoin and it is widely used in the world.
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█▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . 1xBit.com | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | | | | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | │ | | │ | | ! |
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pixie85
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April 22, 2020, 11:01:22 PM |
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For me it wouldn't be enough to retire and do nothing but it would be a big enough cash injection that I'd be able to realize some of my dreams. Get a car that I want, travel to wherever I want, see the world, try some extreme sports, buy all the gadgets that I've always wanted.
To be honest if I had 10 BTC at 100 thousand dollars I'd be able to retire and do nothing for the next 20 years but I don't have that much.
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samcrypto
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April 22, 2020, 11:07:01 PM |
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Not enough money for me to retire but I’m still happy to have that kind of money. You’ll be more happy if you have more bitcoin and the whales knows that experience. I’m only have a small amount of savings with bitcoin, i don’t think it can support my retirement. We are all dreaming for this price, let’s just see if this is really possible or not.
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kawetsriyanto
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April 22, 2020, 11:13:56 PM |
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Guys, imagine if BTC reaches 100k USD today or in a few days.
I cannot imagine about it, it is too far away to reach that amount so easily in that rate. Although nothing is impossible, but, I only want to be realistic. Imagining is such pain, only legit in our mind. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It's enough for you to retire, or to be rich in your own terms? Having much money doesn't mean that we will be retired easily. Well, many people will think again that this is a worth it field to struggle, many more people will be coming to invest and trade on BTC. Many people will regret why not many BTC they have and they will probably look at other people that earn so much much money. Many people will be richer, but not so immaterially. And it may be like what happened in 2017, the rate will be very high and probably will be down to earth after it.
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Swapzone
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April 23, 2020, 08:22:23 AM |
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By just imagining this, I'm now thinking about purchasing more BTC ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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amrulshare
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April 23, 2020, 09:41:04 AM |
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imagining something like that is beyond my reasoning life regardless of whether it can be enough for me to retire, or become rich. However. life goes on in another life and I think I will grow more income for my family so they can be happy later. Cheerrss ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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The main key to success is in the value of assets that are getting more valuable. Recommended Crypto Trading platform Binance.com
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belka48
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May 15, 2020, 08:06:02 AM |
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Many people will not answer the question of how much money they need to live. It doesn't matter how much bitcoin is worth if you don't know how to manage your money.
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