How much btc do you need to secure your future?

[xFLORIDAx]

It depends on how much it will cost in the future. We can never know what lies ahead, so now I try to invest everything that I can earn on cryptocurrency in real estate.

[JohnBitCo]

I think no one can answer OP answer perfectly as bitcoin price is not stable. Let's suppose right now if 1-2 bitcoins are enough for some people in third world countries, after 5 years maybe 0.5 bitcoin will be enough. I think one should keep on collecting bitcoins as more you have them, the more secure you will be in the future.

[Pamadar]

Considering feeding not only myself in the future as having a partner and kids, for medical, school, bills, food, and other necessities of us for the next upcoming decades, I think 1 BTC at a price of ~$30,000 isn't enough. Yeah it seems that it is huge money but for that long years with lots of necessities, it is just not enough.
 

If you will just relied with that amount considering all your necessities together with your family.

Securing your future having maybe 10BTC plus business or investment that will help to accumulate more, we don't know what will
happened in the future so better to excess your expected money just in case  that there are emergencies that will happened along the
way,

[ene1980]

Securing your future having maybe 10BTC plus business or investment that will help to accumulate more, we don't know what will
happened in the future so better to excess your expected money just in case  that there are emergencies that will happened along the
way,

If you are having real estate investment in cities then it is more than enough to secure your future forever  . We can just speculate how big the market will rise and once the corrections starts how low it will go and with many countries planning to regulate the entire market i doubt whether we will be seeing he same level of rallies in the future. Either way 20 to 30 bitcoin could help you in securing your future for good and reinvest in real estate and live peacefully.

[jerry0]

Okay... so whats a good number for someone in the western hemisphere then?  Thus the US or Canada where the costs are much higher than other countries?


Would most agree that number probably is at least ten btc minimum?

[panganib999]

Considering feeding not only myself in the future as having a partner and kids, for medical, school, bills, food, and other necessities of us for the next upcoming decades, I think 1 BTC at a price of ~$30,000 isn't enough. Yeah it seems that it is huge money but for that long years with lots of necessities, it is just not enough.
 

If you will just relied with that amount considering all your necessities together with your family.

Securing your future having maybe 10BTC plus business or investment that will help to accumulate more, we don't know what will
happened in the future so better to excess your expected money just in case  that there are emergencies that will happened along the
way,

10 BTC is a lot of savings as what bitcoin value today. I think the main answer for this question is only estimated because the estimated savings might depends on how large is the family. For me I think you can also depends if a single family have a existing businesses other than cryptocurrency. It's just like being practical in terms of saving. You must not put all yoir earnings in saving but to divide it so some ways like savings, necessities, bills, foods and miscellaneous. For me, I think the price of savings is always depends on you everyday needs and your monthly income. 10BTC is surely a big amount but start to set your goal in small then succedingly exceed as you reach the current in order for you to avoid difficulties in earnings and savings.

[goldade]

Obviously this depends on where you are located.  Such as if you live in an expensive place in the US or Canada, then its a lot more than in other countries.  Also if you are young, middle age or older.



I always felt the number had to been minimum 10 if you asked me this years ago.  But now with news articles and videos saying btc true value is somewhere in the 300-400k range... well that 10 btc number certainly is a bit high.  I guess the number probably is minimum 5?  Then again you hear old videos where people say... just make sure you have just 1 bitcoin...as that is enough.  Thus if it goes to 1 million dollars... well that is a lot of money.  Even after taxes, that is a lot.   But when people say its half a million or a million, well then that number could drop to say 2 or even 3.



And i see many people on this forum talk about not having 1 btc and its their goal to get 1 btc.  Obviously back then, it was much easier with the low prices.  But now... anyone who wants 1 btc need to spend 25k... thats a ton of money for most people and most people don't even have that in their savings.  But for someone who is from the West... thus in the US or Canada... what number would you say that should be?  Of course it could be in a wealthy country in say Asia, Europe or Australia.  But you get my point.  I got to assume if you talking about 10 years down the road or more... it has to be minimum 5?  Or minimum 10?  Or is 10 a bit too high?

We'll, just like you said, it is dependent on the country in which one is located. A US citizen might need more than 1btc at its current price to secure his future, however when you convert 1btc in dollars to other currencies especially African currencies, you'd realize it's a whole lot of money and it's enough to secure one's future
1btc is currently $33000
1btc in South African Rand is 502,000
1btc in Egyptian Pound is 520,000
1btc in Ghanaian Cedi is 193,000
1btc in Nigerian Naira is 12,000,000
These are huge amounts of money in these countries and are enough to set one up for life.

[Lcconde]

I find it kind of impossible to calculate how much would be needed for 15 years from now ... the economy is unstable amid a pandemic ... where I live if I had 2.5 btc it would be a dream to pay off my house and debts ... how to try to predict the economy and evolution of bitcoin?

[Wulan_maniez]

Yes, I don’t have a lot of bitcoins at the moment, I might say it I only have a few satoshis. But if we  believe that  bitcoin
will be higher in value and can even reach $300k or even $400k or more, then some satoshis will become more valuable.
All I’m doing now is collecting the satoshis I have now and keep adding them.

[Viscore]

Would most agree that number probably is at least ten btc minimum?

I don't want to hold that much just to secure for the future. Well, that is huge enough if converted to our fiat money during its current price but I'll be thinking about the risk of holding huge amounts online due to hacking incidents. Could be more secure if we put it into another form of business for a reason that what if we die and nobody knows the keys?

I'll do holding but not that much.

[Lanatsa]

Would most agree that number probably is at least ten btc minimum?

I don't want to hold that much just to secure for the future. Well, that is huge enough if converted to our fiat money during its current price but I'll be thinking about the risk of holding huge amounts online due to hacking incidents. Could be more secure if we put it into another form of business for a reason that what if we die and nobody knows the keys?

I'll do holding but not that much.

Securing  up everything while you do still live and its up to someone on how they do diversify things up and I agree on your point of view that its hard to
pass up your coins  in case you die specially if you do leave without letting them know about the keys.

With the current value of bitcoin then I can say that a few hundreds would really be enough to secure my future. Not on totally holding it down to my wallet
but rather making use of it on making in real life physical business.

This will depend on which country you do live on, this is why numbers will really be different.

[error08]

Would most agree that number probably is at least ten btc minimum?

I don't want to hold that much just to secure for the future. Well, that is huge enough if converted to our fiat money during its current price but I'll be thinking about the risk of holding huge amounts online due to hacking incidents. Could be more secure if we put it into another form of business for a reason that what if we die and nobody knows the keys?

I'll do holding but not that much.

Most will agree BTC10 will be enough as international standard expenses considering high-cost living in some countries.
If you hold BTC10 as the reserve fund for the future, simply put it on cold storage and make sure to keep the private key safely, then there's no more risk of hacking.
Yes, if we're planning the future, can't rely on just 1 plan like hold bitcoin, buy some assets like gold, lands, develop some business, anything that you are capable of.
However, bitcoin may the best investment for the long term against inflation, if BTC1 worth $1 Million someday, it should be great as backup funds to do things mentioned before, let alone BTC10, you may live without having to work in the rest of your life.

[lienfaye]

It depends on the price of bitcoin. If we base on the current price which is more than $30k then I think having 10 btc is good enough for the future. The equivalent of this value (if we convert it to our local currency) is already high that you can chose to retire early, sit back and relax while having a drink of coffee.

But of course if we can accumulate more that is much better. But due to the current price of bitcoin, its quite impossible to purchase even 1 btc. Thats why im having regrets for not buying at early times wherein the price is still cheap at $300 (if im not mistaken) when I first heard it.

[Vishnu.Reang]

We'll, just like you said, it is dependent on the country in which one is located. A US citizen might need more than 1btc at its current price to secure his future, however when you convert 1btc in dollars to other currencies especially African currencies, you'd realize it's a whole lot of money and it's enough to secure one's future
1btc is currently $33000
1btc in South African Rand is 502,000
1btc in Egyptian Pound is 520,000
1btc in Ghanaian Cedi is 193,000
1btc in Nigerian Naira is 12,000,000
These are huge amounts of money in these countries and are enough to set one up for life.

It doesn't make any difference. A Big Mac-Meal which costs $5.99 in the United States will cost 2,300 Naira in Nigeria. So you can't really say that when the exchange rate of the national currency is low, the cost of living will automatically will be lower. In some cases, it may be the other way around. Especially if the national currency is prone to inflation and volatility.

BTW, the following is the price of an iphone 12 pro (128 GB version):

USA: $999
South Africa: ZAR 29,000
Egypt: EGP 22,222
Ghana: GHS 11,309
Nigeria: NGN 620,800

[Obito]

It depends on the price of bitcoin. If we base on the current price which is more than $30k then I think having 10 btc is good enough for the future. The equivalent of this value (if we convert it to our local currency) is already high that you can chose to retire early, sit back and relax while having a drink of coffee.

But of course if we can accumulate more that is much better. But due to the current price of bitcoin, its quite impossible to purchase even 1 btc. Thats why im having regrets for not buying at early times wherein the price is still cheap at $300 (if im not mistaken) when I first heard it.

No need for regrets, keep moving forward. In my country, that money won't go around a lot if you were to start a family but it is enough for a single person in their 20s to retire to old age with that amount with the current price considered. If you were to start a family of say 5 members, my estimate would be around 100 bitcoins because of the uncertainties in life like medical emergencies and disasters that could destroy livelihoods.

[Question123]

Bitcoin is unpredictable value so we do not the exact amount of it to secure our future because let just say you have 100 bitcoin now but in the future we do not know if the value is very high what if the price is very low so if you want to secure your future must need to save money because you have guarantee that it will not going to dump the value unless the number 1 enemy is inflation or increasing the price of the product.

[Leonnuvh]

It depends on the price of Bitcoin and where you are. Of course, the more you have, the better.

[Pattiefll]

Of course, the more the better, but now the price of Bitcoin is higher, I will buy some when the price is right, and put it in my wallet to get more benefits.

[Rishabh riyz]

for a  person with a good brain, having great trading sense provided with basic tools such as internet and most importantly  patience to watch assets grow with guts enough to pull some and invest in some other asset ,
amount of BTC at initial investment wouldn't matter much .
but yeah if you ask me 10 is enough .

[jzone23]

3 BTC is good i guess but having a fraction of Bitcoin is still great. If you can afford to obtain more then why not. We never know what will be the price in the future, it could be half a million or millions so your 3 BTC is definitely good enough.