How much btc do you need to secure your future?

[pealr12]

this totally depend on individual capability and what type of future plans they have for themselves, if your plans aren't too extravagant then 1 btc is not a bad idea but if you can afford more then go for it, between not everyone can afford 1 btc.

[bryant.coleman]

1 BTC sounds like a good amount, but at current levels not many of the new users would be able to afford that many. Especially for those in the developed nations, this sounds like 10 times their average annual salary. But in most of the developing nations, the cost of living is also low. So we can argue that they don't need as much savings, as say someone who is residing in the United States or the European Union.

[k@suy]

1 BTC sounds like a good amount, but at current levels not many of the new users would be able to afford that many. Especially for those in the developed nations, this sounds like 10 times their average annual salary. But in most of the developing nations, the cost of living is also low. So we can argue that they don't need as much savings, as say someone who is residing in the United States or the European Union.

I do agree with it but yes its a big factor to consider of where place or country you're living right now. But the truth behind the lives of people today was as long as the world keeps innovating and keep on developing and so do the cost of living increases. Maybe the value of 1 bitcoin were good to a single status man but knowing that you have a family to support, pay bills, children to sent to a school this wasn't good enough to secure your future.

[Coinsfera]

There is probably no definitive answer to this question. It's entirely something that depends on Bitcoin's price. Besides, it should be noted that blending the future with a store of value cannot guarantee anything. The economic and political situation of the country should also be considered overtime. While in some countries, it is possible to live a full life with a certain amount of savings, but you may even have difficulties in meeting your basic needs in another country with the same amount.

[plvbob0070]

That is something hard to tell, and I can't even think of a specific amount of bitcoin because we are not sure about its value in the next decade. And aside from that, we can't really tell how much we will need to secure our future since things are changing so fast. Right now we can say that probably around half a million-dollar is enough but we never know how much things will change while we're moving forward, living expenses may become more expensive as we adapt to technology and such.

[Anonylz]

There is probably no definitive answer to this question. It's entirely something that depends on Bitcoin's price. Besides, it should be noted that blending the future with a store of value cannot guarantee anything. The economic and political situation of the country should also be considered overtime. While in some countries, it is possible to live a full life with a certain amount of savings, but you may even have difficulties in meeting your basic needs in another country with the same amount.

couldn't agree more, the future is uncertain so is the price of btc in future, it could be higher or even lower than what we expected, although i don't think it is bad to blend the future with a store of value (or should i say assets) provided that store of value is something that has a stable price, and more importantly the country of residence also plays an important role, the amount that one can consider decent enough for future plans in third world countries may appear to be too little in developed countries, the list goes on,
so yeah, there is not definitive answer to this type of question.

[Smartprofit]

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?

In my opinion, owning bitcoin does not guarantee happiness. 

Also keep in mind that Bitcoin is a very specific financial asset.  The Bitcoin blockchain is transparent.  Bitcoin doesn't need intermediaries.  However, blockchain does not guarantee you protection against intruders. 

Money and wealth are very complex entities. 

Living in the 21st century and not having bitcoins is stupid.  However, hoarding bitcoin and believing that it is the key to happiness and prosperity is also shortsighted. 

It's just an interesting story.  And we are participants in this adventure.

[Mulann2]

As much as my hand and leg can carry  , if i can afford it i would hold 1% of total circulation (of course this is only in my imagination) and i will build a castle in my country and leave like a king - happily ever after, lol! sounds good but not going to happen,
the answer is i do not have a clue because my needs are big and i need a huge btc wallet to fulfill them.  

[bitterguy28]

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'm a Simple and cheap living human ,so i guess 10 btc is more than enough for me to live forever,as i am health conscious and Never been hospitalized seriously my entire life.

[famososMuertos]

...//...:

Your OP falls into that insubstantial void of the reality of life for some people who limit their opportunities based on the chance for bitcoin to make them millionaires. Bitcoin is not different in investment value to any other existing asset in the fiat world, the great difference with any other asset that exists is that in itself it has the power to change a retrograde economic structure with a very important social asset and that can occur with any value that you put in Fiat currency.

_____
Whatever!!
There are a variety of investments with which you could get money and start to forge your future, in practice when you have a family your goal is ... what I do to obtain benefits and offer a comfortable future that allows me to be happy. Bitcoin should be a part of that goal and not the whole.

bitcoin can become such a frequent means of payment that you may ask up paying you for your job in bitcoin, but there is also the possibility which currently for some becomes a mountain of money, but think that there is a unit called satoshi, so if maybe you manage to collect a million satoshi, that could ensure your future. Maybe!!

[gurunanakji777]

Yes, I agree it depends on where you are located. Living in Asian countries is quite cheaper than in European countries but honestly speaking at the moment its very hard to buy even 1 bitcoin at the current price. As an Indian, I believe if I would have 5 Btc my future will be very secured.

[wxa7115]

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?

That is a difficult question because there are many variables, as you say the place where you live is one, and your age is another, after all you are not going to need the same amount of bitcoin if you are 20 than if you are 50, another factor is your lifestyle, there are many people that want to live a very high lifestyle and buy lambos and stuff like that and for that you need a lot of bitcoins but if you are content with having a middle class kind of life then your need for bitcoin goes down considerably and the final factor is how long will you hold, if you are willing to hold your coins for a decade I have no doubts that you could sell for 100k+ which reduces your need for exorbitant amounts of bitcoin.

With all of that in mind I will probably need only 5 BTC and I will use some of it to invest in stuff that generates cash and then keep the rest for eternity.

[bryant.coleman]

I'm a Simple and cheap living human ,so i guess 10 btc is more than enough for me to live forever,as i am health conscious and Never been hospitalized seriously my entire life.

LOL.. do you have 10 BTC in your wallet? I would assume less than 0.1% of the Bitcointalk users will be having more than 10 BTC with them. Even most of the earliest users have sold their coin holdings many years ago. Only a minority has held on to them. And with institutional investors mopping up most of the available supply, the number of coins held by individual investors has undergone a decline.

[so98nn]

True, it depends on the location really. In India holding one bitcoin is equal to have 7 figures salary of couple months. That too for the person who has experience of more than 10 years.

Based on this you guys can predict how big this price tag is for us. If an Indian hold one BTC today and tomorrow the price increase3 times the current rate then he would be settled for his whole life along with the family. Lolz. 

I am sure this is far better for the countries which has currencies valued below INR. Truly, bitcoin value is different for different countries and the inflation changes region wise.

[acener]

It depends on how well the funds would be manage.
I would say me and my family could live comfortably with 3-5 BTC at the current price if we already have a good house to grow old with.
I think it would be enough to secure our future .

[Untomabur]

if you have bought a lot of bitcoins when the price of Bitcoin is still at $ 1000- $ 3000, or to be precise in 2015 to 2016,
I am sure your future is guaranteed, even if you buy 10 Bitcoin for $ 10000 if the price is $ 1000,
but if you buy at that price $ 28k of course the risk to your future will also be threatened, for me assets are not always about Bitcoin,
because many assets in this world are valuable.

[Astvile]

@Coinsfera was right, owning even 25% of a whole bitcoin is enough to secure one's future given the condition that bitcoin will pump more in the future and the price will skyrocket to its utmost limit. But like others said the more the merrier right? So as long as the bitcoins price is still at a dip we should strive to stack up more bitcoin.

[arwin100]

It depends on how well the funds would be manage.
I would say me and my family could live comfortably with 3-5 BTC at the current price if we already have a good house to grow old with.
I think it would be enough to secure our future .

The inflation rate will rise over the years so provably that 3 -5 BTC is not enough for long term if you just rely on it for a living so maybe work hard and try to earn and aim 30 BTC above since for that you can buy a decent house as well you can build multiple business while you have BTC left on your wallet to stake for future bitcoin growth, Its a double source if bitcoin will success you will get more profit also with your business created.

[kentrolla]

It's all depends on our spendings any person in the world who sees some money want to live a lavish will starting changing his/her habits I mean the way of living.

Like the way everyone has different module of living and I would say its purely depends on us, In my opinion if you buy 1bitcoin now by decade it will equal to 10btc, and I guess it's more than enough for living a descent life.

[Crptomagma]

The amount of bitcoin you need to secure your future like you said isn’t a predictable statement because the future is unpredictable so as the price and regulations of bitcoin as a Cryptocurrency. There lots of environmental factors that can influence the future and change its assumed state. Man is diverse and can change to anything else in time of lifestyle which includes Accommodation, cars, wears. Jewelry etc so with the consciousness it’s better to save as more bitcoin as possible because the further isn’t predictable.