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Author Topic: How much btc do you need to secure your future?  (Read 2060 times)
muenze
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January 08, 2021, 04:13:40 AM
Last edit: January 08, 2021, 04:32:22 AM by muenze
 #81


Per day for food ~ $2 (Monthly ~ $60 to $70)
Own House ~ $10000 (For a family of four)
Dress ~ $50
Medical Insurance/Medical needs ~ $50
Education ~ Depends (average ~ $100)
Entertainment and other needs ~ $200
Travel and communication ~ 200

This seem like very high monthly costs for india. Do you need to live in a huge expensive city?

In europe you could live for less depending on country of course and location.

Education is free. Like check out the free courses by Michael Saylor.

Entertainment $200 why? Travel $200 why?

Also you should put the house cost in your monthly, $10k is very cheap btw, congrats!

So if you finance a house you easily could get it for less than $100 a month over 10 years, right?

Plus internet i dont know what it costs in india maybe $20 a month?

so

House $100 (will actually be less, but you can use some money for electricity and other things)
Food $100 (plus grow your own!)
Clothes $50
Kingfisher $20 a month
Medical $50
Plus extras $80 (like a prepaid phone would be cheap cost, right)

Thats $400 a month with house!! $300 without house!

Considering you can still do some side jobs or work online, you will have extra
income.

Now the problem with bitcoin is volatility. But even at the current price you could live
almost 10 years and have your house paid for. If Bitcoin keeps rising you could just sell
small parts over time and it will last you even longer!


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January 08, 2021, 04:25:36 AM
 #82

depends on which country you live in. you can buy bitcoin in there you will take %5 comission for your every trade. https://www.binance.com/tr/register?ref=12025182
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January 08, 2021, 04:31:35 AM
 #83

There is something i know from personal observation about life, that is; Your needs or wants grows with you. Each advancement or increase in pay cheque comes with a relative increase in your luxury lifestyle and to give your family the best your resources can afford should you have a family always kicks in. So, having your future secured depends on your spending habit rather than how much BTC your able to acquire. Money makes more money so, if you acquire, spend and don't invest, you'll still find yourself struggling in future. So, its never always enough until your gone.

I completely agree. Our desires always have no limit. It does not depend on age but depends on temperament. Someone is happy with one bitcoin, while others need numbers with two or three zeros.
The more a person's life becomes secure, the more his appetites increase. Sometimes we are indignant, why do the rich need millions, because such money cannot be spent in a lifetime? I think many will agree that first, everyone wants to feel stability in the future, they want stability for their family, children, grandchildren.
Therefore, everything is obvious here. Having one bitcoin, a person will aim for two, and so on.


Yes, it is like once you get one foot down in the market, you cannot keep yourself from the desire of putting the second one down too and soon you are completely engrossed in it. It does start with the thought of having financial security, but once it starts it becomes much more than that.
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January 08, 2021, 09:23:40 AM
 #84

The amount of bitcoin I need to secure my future is unlimited bitcoin because the price of bitcoin isn’t permanent and can be on the increasing side or reducing side in future. I need as many bitcoin for the promising future I have for myself .

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January 08, 2021, 01:24:47 PM
 #85


Per day for food ~ $2 (Monthly ~ $60 to $70)
Own House ~ $10000 (For a family of four)
Dress ~ $50
Medical Insurance/Medical needs ~ $50
Education ~ Depends (average ~ $100)
Entertainment and other needs ~ $200
Travel and communication ~ 200

This seem like very high monthly costs for india. Do you need to live in a huge expensive city?

In europe you could live for less depending on country of course and location.

Education is free. Like check out the free courses by Michael Saylor.

Entertainment $200 why? Travel $200 why?

Also you should put the house cost in your monthly, $10k is very cheap btw, congrats!

So if you finance a house you easily could get it for less than $100 a month over 10 years, right?

Plus internet i dont know what it costs in india maybe $20 a month?

so

House $100 (will actually be less, but you can use some money for electricity and other things)
Food $100 (plus grow your own!)
Clothes $50
Kingfisher $20 a month
Medical $50
Plus extras $80 (like a prepaid phone would be cheap cost, right)

Thats $400 a month with house!! $300 without house!

Considering you can still do some side jobs or work online, you will have extra
income.

Now the problem with bitcoin is volatility. But even at the current price you could live
almost 10 years and have your house paid for. If Bitcoin keeps rising you could just sell
small parts over time and it will last you even longer!


This I've mentioned it as a family of four. In my country education is a big business. Only the government institutions provide free education whereas most of the private institutions levy high fees. People always look for free education, but it is hard to get in my country.

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January 08, 2021, 01:34:20 PM
 #86


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?


Well, now we can have a lower answer to this question. Having at least 1BTC is enough to have a good life if you will just use it for the needed necessities and the things that make us happy. Its also enough to pay for your tuition if you are currently studying and enough to feed lots of families. Having 2BTC can give a luxurious life which will be really great since that is what others want because Bitcoin can give the financial help that they need.

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January 08, 2021, 01:48:14 PM
 #87

At the current rate Bitcoin is at $ 41,300. I need at least 5 BTC to secure my future. If I manage to get 5 BTC I can live in peace without fear of
shortages, therefore I always try to collect Bitcoin in various ways. But I have to admit that I just had a hard time collecting 1 BTC. Moreover,
the price of Bitcoin has soared very high. Even so I never give up, because for me during hard work will give satisfactory results. Hopefully
my target of 5 BTC can be achieved.

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January 08, 2021, 06:55:39 PM
 #88

man as a living being will never be satisfied with whatever the result. To secure the future with 1 bitcoin alone is enough as a field of business. Return to ourselves by controlling it to think about the future.

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January 08, 2021, 06:58:27 PM
 #89

man as a living being will never be satisfied with whatever the result. To secure the future with 1 bitcoin alone is enough as a field of business. Return to ourselves by controlling it to think about the future.
No man would really be contented on limited numbers of coins. They would really be aiming on things as much as they want and possible as they can do.  Wink

When it comes to securing your future then a considerable amount will be enough but of course people do love on having that lavish life and they can buy on whatever they wanted.

So in result they would really be aiming into something which will really be having more on what they can possible get.

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January 08, 2021, 07:58:18 PM
 #90


When you finally have what you aimed to secure your future, you will realize its actually not enough when you got married and have some kids of your own. Remember that your needs also rise when you taste something new. Your demands grow when you have something to spend. What I do need really now is just some funds that I would only use later to buy a hectare and live there with my kid.  Probably start mining coins myself there and all I might just need is 5BTC with him.

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January 09, 2021, 12:21:50 AM
 #91

In my opinion, no one knows how and what the future will look like, no one knows when bitcoin will go up or down, but indeed in achieving profit it takes courage to take risks.

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January 09, 2021, 01:39:55 AM
 #92


When you finally have what you aimed to secure your future, you will realize its actually not enough when you got married and have some kids of your own. Remember that your needs also rise when you taste something new. Your demands grow when you have something to spend. What I do need really now is just some funds that I would only use later to buy a hectare and live there with my kid.  Probably start mining coins myself there and all I might just need is 5BTC with him.

a very wise expression, that the needs of every moment will continue to grow with our own growth, when we are single, maybe we don't need a lot of things that are important enough for ourselves and are usually still assisted by parents. but to get married and have children, the responsibility to provide a living will of course be needed and we will try to fulfill it. maybe by working or trading in crypto which is very profitable.

needs are always increasing with what we are responsible for, so we must prepare so that what we will do in the future can be fulfilled, by making deposits or insurance.

Actually, if at this time like my colleague above that we can have 5 BTC, we can certainly provide a solution for future life. but maybe one another is not the same amount needed, some really need a lot but some are a little. if a little can be ascertained because indeed he has carried out his long-term plan well.
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January 13, 2021, 02:46:18 AM
 #93

No more, just more. I suggest rational investment. My idea is to invest bitcoin on a fixed basis and use my remaining expenses. As for the number and price of bitcoin in the future, I don't think about it. I just think bitcoin is different from others. It's worth having. It doesn't have the most, only more. I suggest rational investment. My idea is to invest bitcoin on a fixed basis and use my remaining expenses. As for the number and price of bitcoin in the future, I don't think about it. I just think bitcoin is different from others and it's worth having Grin Grin Grin
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January 13, 2021, 08:48:00 PM
 #94

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?


Dude, your question very strange.
quantity depends on price, you know.
Another thoughts are optional.
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January 13, 2021, 09:04:30 PM
Merited by bitbunnny (1)
 #95

BTC is running so faster as a mad horse and day by day its popularity it increasing at alarming rate and now big investors are trying to enter in btc world so in future it will be much more that we won't expect now. At a time we can't expect moneyless shipping and now we are experiencing moneyless shipping buy virtual bank card and at a time we will use those Crypto currency as our daily uses so let's think how much grow and popular btc in near future. So fill your bag with BTC at low rate.
Yes, it's true mate, that currently bitcoin seems to control what you want to do quickly can be done even in a matter of hours not days, weeks or months, bitcoin is already short term and not just a long term investment. obviously a lot of companies and big traders are harvesting this bitcoin move.

the real use of crypto currency may not be as big as local products that have made digital money for daily transactions for shopping necessities. crypto will run with an existing system and run by itself without disturbing the habits that have occurred in trading at banks in general. even crypto will synergize to complement each other because crypto makes transactions between countries easier.
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January 13, 2021, 10:17:56 PM
 #96

~  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?

Having goals for a financially free future is important, but don't push yourself. do in-depth research first about the risks, because the price of btc is very volatile, if you can't manage your time and emotions you won't be able to get the maximum benefit.
avoid loans, use the funds as much as you can.
I plan to set aside my salary in the real world and about 2% trading profit to buy BTC every month. with the hope that the next few decades will be a big surprise

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January 13, 2021, 10:31:49 PM
 #97

with the current price of bitcoin, 10 BTC would be enough to live a good life, not a fancy one, just a regular i can get almost all the small things i want life, 350k dollars is my goal, but to get that in my country with the average wage, it would take me 120 years without spending nothing at all from my job's earnings to get that 350k Cry

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January 13, 2021, 11:44:53 PM
 #98

This is a very good qeustion but this depend to the country that we live in...in some countries people can get mounthly 0.2 btc as a mounthly income and this mean 1 or 3 bitcoin will not be enough but in other countries 1 bitcoin can make you reach

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January 14, 2021, 12:27:04 PM
 #99

When the price of BTC has soared up to $ 40k USD. 2 BTC might be enough to secure my future. Because 2BTC is already around 1.1 billion Rupiah and that's a very large number to enjoy life with family. But for now, getting just 1 BTC is very difficult, because the price of BTC is very high and many people also want to own it. When the price of BTC is below $ 100 BTC is still not popular enough and getting it is also very easy. If you hold BTC from the beginning, BTC exists until now, you will certainly be a very rich person and have a good future.
But even so, a lot of BTC also does not guarantee your life or the lives of others, the most important thing is happiness with your family even though you don't have much BTC.

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January 14, 2021, 12:45:20 PM
 #100

This is a very good qeustion but this depend to the country that we live in...in some countries people can get mounthly 0.2 btc as a mounthly income and this mean 1 or 3 bitcoin will not be enough but in other countries 1 bitcoin can make you reach
Base on the current price of Bitcoin, 1 Bitcoin is actually enough to make anyone rich in a third world country. Particularly someone with 1 Bitcoin in my country will be seen as rich because of it current price in the market. But sincerely, i would need more than just 1 Bitcoin for my future because of Bitcoin volatility, in the same vein, there are others in the first and second world countries that can't survive or secure their future with 2 to 3 Bitcoin.

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