Will you retire after $BTC reaches this amount?

[Olamidetechie]

This question is for those people holding $BTC and other huge crypto assets. if $BTC later reaches $1 million, will you retire from your work or still continue to work?
Asking this question because of what i saw in a friend portfolio and he claimed if it later reaches certain amount he will finally retire. 

[Hatchy]

Before we begin to conclude on some kind of numbers with bitcoin, just pray and hope for long life. Because $1millon is actually large number. And as that, so many holders might have kicked the buckets. Retirement isn't going to be your issue then, so Just get the most out of your BTC Investment while you are alive.

[Sim_card]

No one can gell what year that will be. This is why you should continue buying and stacking more bitcoin till you can no longer due to old age and enjoy the profits of your bitcoin portfolio by then so that if bitcoin is up to $1M or not, you can retire happily. I am planning on setting up a business before I retire so that I can survive with that and use my bitcoin portfolio as supplement in future.

[salad daging]

1 BTC = $1M it will be enough for retirement in my country and it's enough time to work and enjoy the results - why say this because to reach $1M it takes a long time maybe the next 10 years or more so for me it's realistic to quit the job at least you have enough to have at least 1 BTC in the portfolio.

But while retirement can still make money from investments then no problem will continue that rather than continue to enjoy the results one day must run out.
At least in old age you already have enough savings in bitcoin so that it is enough to support you and your wife in old age.

[hero_the_bossman]

Before we begin to conclude on some kind of numbers with bitcoin, just pray and hope for long life. Because $1millon is actually large number. And as that, so many holders might have kicked the buckets. Retirement isn't going to be your issue then, so Just get the most out of your BTC Investment while you are alive.

Yep.

Better to use it while we can than to to just wait for the biggest target to happen, imo.

[bitzizzix]

There are too many expectations or thoughts about Bitcoin reaching $1 million, and what you have to know and realize is that it took a decade and a half for Bitcoin to reach $100,000 and the question is we are still around to reach it and even if Bitcoin reaches $1 million, I think it will only happen in the next generation or maybe after we retire because no one can really predict it accurately.

And Bitcoin can be used as a guarantee for our retirement, but there is no fixed price and the most important thing is that the price generates a very large profit. And personally, even though I am retired, I will still invest in Bitcoin and at least for one or two cycles I think I can still do it after I take profits and target it as my retirement activity that can be done casually.

[henry_of_skalitz]

If the age is right - why not?

We get our bags full to eventually turn them into a quiet, good, and pleasant life - at least that's how I see it.

[Nwada001]

Retiring when Bitcoin reaches a certain amount will depend on the amount of Bitcoin the person in question holds; you can be holding a few million satoshis and be making retirement plans with that.

I don't want to be making assumptions, but my level of wealth, not just the amount of profit Bitcoin will give to me when it reaches a million dollars, will determine when I will consider myself ready for retirement.

[Helena Yu]

Nope, I think I will never retire regardless how much salary or assets I have except I become the richest person in this world.

If people said like this "If I have x amount I will retire, I will invest in real estate, I will invest in farm etc", such thing aren't mean you're free from work, you're still working, you might be not become the one who have to work from morning to evening, but you will work as a management.

I always consider income and investment are two different thing, I must have both of them.

[Tmoonz]

Before we begin to conclude on some kind of numbers with bitcoin, just pray and hope for long life. Because $1millon is actually large number. And as that, so many holders might have kicked the buckets. Retirement isn't going to be your issue then, so Just get the most out of your BTC Investment while you are alive.

Yep.

Better to use it while we can than to to just wait for the biggest target to happen, imo.

While we can use it it when we can we can as well wait for the biggest target if we can, we all have have goals and objectives including dreams and purposes and all we are looking for can be nothing than fulfillment of purpose, we can still get to a point and feel that we have had more than enough and the need to retire and presumptively you have already know the value of what you have and what it can do for you and your entire generation to come where it should be more like a legacy with a foundation that be can continue by next of kings because it is an asset and shouldn't be liquidated completely, but in the case of retiring from my job, humans wants are insatiable it can't really be that easy for me to retire from my job even after seeing a big win in Bitcoin if am still very young.

[Oshosondy]

Some people see their work as a hobby and only what can make them retire is old age. Also do not think it is everyone on this forum that is having bitcoin. Also some people have it but not much in amount. Assuming anyone having $1000 bitcoin, that will be $10000 bitcoin if bitcoin gets to $1 million. What the person can earn in less than a year from work.

As for me, I can not quit my job because bitcoin increase 10 times. Also the period it will take for this to happen is very important because the day bitcoin will get to $1 million is still very far.

[traderethereum]

If $1 million can fills your daily needs and you still have more money to survive, you can retire from your work. Your friend can retire if he want but you can have different plan than him. That is normal if he said like that because he think that $1 million is enough for him but not for you. You should have your own plan related to your Bitcoin investment and when you want to retire from your work. Other Bitcoin investors have their own plan related to their Bitcoin investment so you should follow your plan until you achieve that.

[Samlucky O]

This question is for those people holding $BTC and other huge crypto assets. if $BTC later reaches $1 million, will you retire from your work or still continue to work?
Asking this question because of what i saw in a friend portfolio and he claimed if it later reaches certain amount he will finally retire. 

There could be two things that will determine if you will retire or not.

1) the amount of Bitcoin in your possession: yes the amount of Bitcoin you have in your portfolio will determine how profitable it will be when the price hit $1m. Because if you certainly accumulate less or no amount of Bitcoin you'll surely gonna get less or no return even when the price is $1m. High investment high profit, low investment low profit.
2) Age. Age is a determinant factor when it comes to making decisions. Are you certain if you will be alive to witness Bitcoin $1m?

[Luzin]

Even I'm not going to retire. I also hope that I can still meet the price you said. I will continue to accumulate BTC. Maybe I'll stop when I'm no longer able to do activities related to Bitcoin or computers. This consideration is due to the changing economic conditions. I think the value of the world economy will continue to experience inflation which causes the value you mentioned to decrease in economic value.

[FortuneFollower]

Even I'm not going to retire. I also hope that I can still meet the price you said. I will continue to accumulate BTC. Maybe I'll stop when I'm no longer able to do activities related to Bitcoin or computers. This consideration is due to the changing economic conditions. I think the value of the world economy will continue to experience inflation which causes the value you mentioned to decrease in economic value.

Wouldn't it be too late then to utilize what you accumulated for a good chunk of the life that would be left?

[Pi$$]

This question is for those people holding $BTC and other huge crypto assets. if $BTC later reaches $1 million, will you retire from your work or still continue to work?
Asking this question because of what i saw in a friend portfolio and he claimed if it later reaches certain amount he will finally retire. 

So you're literally asking if I will retire should I become ten times richer than I currently am now? The answer is certainly NEVER.

You should know better that the condition for retirement for different people differs and while some might be a function of how much they have acquired, others might be the lives they have touched and how much they have contributed to humanity that stands to speak for them even after they are no longer actively working. Holding bitcoin doesn't affect one's activeness in work. You can hold volume of bitcoin and still hold the most active position in the country. The simple reason is that you're not exerting any energy to holding bitcoin and wether you're a million dollar richer, it's not supposed to be a reason to completely stop working.

Bitcoin is one of those asset that allows you to own as much of it as you can without it interfering with how you're going about your life's routine. Retiring too early has it own downtime so regardless of how much richer you become, the decision to retire should not be what you should take too hastily.

[Floxynice]

Retire from my job and do what?
You should understand that for some of us, working is not just about making money, it is something we are passionate about. I am not a trader, and I don't see myself getting actively involved in trading in the future. If I quit my job to focus on my investment in Bitcoin, I will be idle.

Again, if Bitcoin reaches $1M, does it mean that volatility will be gone too? The job is still very necessary to help us stay focused on our investment while Bitcoin remains volatile. Withdrawing our Bitcoin investment frequently to pay bills will not be ideal, unless we invest in other things to support our bills during the periods when Bitcoin’s price dips.

[God Of Thunder]

This question is for those people holding $BTC and other huge crypto assets. if $BTC later reaches $1 million, will you retire from your work or still continue to work?
Asking this question because of what i saw in a friend portfolio and he claimed if it later reaches certain amount he will finally retire. 

I do not hold a large portion of Bitcoin. Even if Bitcoin reaches 1 million, I will probably hold less than what I am holding today. Usually, people sell from time to time to cash in their profit. Bitcoin price has nothing to do with my retirement. I am already planning something for my family, which will cost me more than 30K and I think I will be in debt after a few months.

Either I will have to sell my Bitcoin holdings, or I will have to use them as collateral to take the loan. I don't want to sell my Bitcoin, but I don't think I have too many options. I will continue to be on crypto space and try to make some money for my family.

[Felicity_Tide]

I can't say for sure that I will retire. You can never tell what kind of person you will become in the future because humans change. I agree that there is a level a man can reach where he might feel the need to retire, but that certainly isn't the case for me at the moment. We all have things that interest us aside from investment. You have to understand that some people love their career far more than anything else, so no matter how much they make, they will always want to remain in their field of specialization.

Like I said, I can't tell what the future holds, but at this very moment, I think I'm enjoying what I do.

[notocactus]

This question is for those people holding $BTC and other huge crypto assets. if $BTC later reaches $1 million, will you retire from your work or still continue to work?
Asking this question because of what i saw in a friend portfolio and he claimed if it later reaches certain amount he will finally retire.  

It is a non-sense question by lacking of necessary data for answering it.

Bitcoin reaches $1M, so there are different answers with two people who own 1 bitcoin and 0.001 bitcoin. Hopefully you see differences in this simple example but in reality there is more complicated difference. Two people with same 1 bitcoin might have different decisions of retiring or continuing to work with $1M in their pockets. It's personal choice and depends on many things, not only on Bitcoin price, how much money they have but also related to what they'd like to do at most: working as a workaholic person or travelling and enjoying life.

You can ask Elon Musk, will he retire tomorrow?
Very likely his answer is no, even he is a richest person on Earth now.