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Author Topic: Let's talk about the 0.1BTC dream  (Read 861 times)
alastantiger
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Today at 11:31:32 AM
 #101

1) can 0.1BTC get you retired in 30 years to this time for real? Wouldn't that put 0.1BTC at a $1 million?
2) in this world economy now, isn't 0.1BTC something that a 86years old would appreciate as retirement plan than someone in their 30s?
3) the value of 1 BTC will have to be over millions of dollars for 0.1BTC to be meaningful.
Are people just making a big deal out of this 0.1BTC target?
What about you? Do you think that whatever the value of 0.1BTC is in the next 30 years will suit you enough to feel like yes you are really retired with this amount of Bitcoin.

I think the reason behind this advice being common is because $1 million is the target for maby investors that the price of Bitcoin will get to in some years to come hence when you have 0.1 Bitcoin that is a 10% stake of the price Bitcoin is trading at which if it's a million dollars then you have $100,000 which is a very good amount for retirement. Most people would not be able to save that by the time they retire and if you have that then it can help you alot. Not many people have the money to invest but if they can accumulate 0.1 Bitcoin before they retire from their many years of buying Bitcoin then it is a good retirement savings that they have done.

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noorman0
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Today at 02:30:50 PM
 #102

$5 a day for two people is a bit unrealistic - regardless of where you live.  Sure, maybe you can survive on plain rice and dry beans in some rural village for two bucks a meal, but life is more than that.  What about medical care?  Electricity?  Cooking gas?  Rent?  Or the fact that as you get older, your body falls apart and you need all kinds of aids just to survive.

Some facts that make me think $5 a day should be realistic for retirement age in some parts of my country:

- many cities in my country have a standard monthly minimum wage below $150 currently (employees).
- my government subsidizes all utility bills for the lower economic class, and we have abundant sources of clean water.
- the tradition of people in my country that is still widely implemented is living with or close to family relatives (having their own house). Regarding life's needs, they usually support each other. But this tradition is starting to be abandoned in big cities.

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