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vilain
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December 03, 2015, 06:30:56 PM |
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One should never consider a single currency or investment tipe when it comes to retirement. Diversify, people!
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Denker
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Activity: 1442
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December 04, 2015, 02:14:10 PM |
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One should never consider a single currency or investment tipe when it comes to retirement. Diversify, people!
True! All eggs in one basket is quite risky! Therefore go with metals, some cryptos and maybe some good solid stocks as well! But if someone doesn't have that much money, let's for example $1500, why shouldn't this person invest that in Bitcoin only? With $1500 there is not much space for a spread. Bitcoin is having from all actual investment opportunities the biggest potential. With the actual rate this would be round about 4 BTC. If this baby really takes off one day that could be some nice amount of money. |
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LuckyYOU
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December 04, 2015, 03:05:47 PM |
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I would like to retire with a bungalow ,luxury cars and 200 BTC, I dont know what BTC will be in next 25 years but I hope it will make me a millioniare  yeah with 500BTC you can be easily a millionaire I think It's possible but it really depends on how and fast bitcoin will grow and adapt to other users. I'm hoping for bitcoin to be at a stable $1000 in the next 2 to 3 years |
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zodiac3011
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December 04, 2015, 03:12:53 PM |
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I would like to retire with a bungalow ,luxury cars and 200 BTC, I dont know what BTC will be in next 25 years but I hope it will make me a millioniare yeah with 500BTC you can be easily a millionaire I think It's possible but it really depends on how and fast bitcoin will grow and adapt to other users. I'm hoping for bitcoin to be at a stable $1000 in the next 2 to 3 years Yeah adoption rate can make big difference in bitcoin price  However in my opinion I can expect it to be at 1000-2000 after the next halving (excluding this one) |
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Blawpaw
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December 04, 2015, 03:35:03 PM |
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Assuming that bitcoin will prevail, the only way I see its price is going UP. If that so happens in twenty years Bitcoin will have beaten the $10k barrier. In this sense if you have about 50 coins you can retire without any hussles
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JamesPPM
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December 04, 2015, 03:40:18 PM |
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Depends on bitcoin price in 20 years, if it's in the thousands league then this isn't a tough task at all but if it's in the hundreds or even lower then it would be much more difficult, it also depend on where you live, for example in 3rd world countries 50,000 dollars would be more than enough but for a 1st world country that isn't. I'm more on the side that bitcoin price will increase and I think for a US or EU resident around 500 bitcoin will do with a BTC price of $1,000
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Mr. Forum
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December 04, 2015, 08:18:55 PM |
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I could not advice you to take such like move when it comes to bitcoins. My recommendation s to be able to invest the bitcoins in a way that you are able to have them generate revenue on a monthly basis and this will serve you well during retirement. Invest more coins if at all your target for the retirement is also huge. Make sure that the coins is not idle. Just trade around and make sure that the returns are consistent and worth your investment capital.
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knowhow
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December 04, 2015, 08:42:38 PM |
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There isnt a limit related to bitcoin value,one thing is well knowed when the mine ends ,that most sugest being 100 more years,the demand and supply should take action,and remember that people is collecting and paying fortunes for things that arent produced anymore like old car,old is similiar to extra value,the same way people collect money old and pay a price above the real value,with bitcoin we will see this happen.I believe that for me that im near the 30 years old something like 200 bitcoins would be enought to me to retire with the current value of 350 dollars if it goes above sure less coins.
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Nimbulan
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December 04, 2015, 08:46:33 PM |
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well its really hard to tell that now as nowadays the price of bitcoin is really unpredictable and fluctuates a lot though in my opinion you will need a lot of it it depends on how much money do you need in order to retire but i guess that something like 100 bitcoins would be really enough
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samanas
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December 04, 2015, 09:50:53 PM |
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If bitcoin get used widely, and it becomes main stream gradually, the price could rise 40% a year. It will rise 1000 times in 20 years. If you think $5m is comfortable for retirement, you can buy $5000 coins, or 14 in today's money.
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chanlance
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December 05, 2015, 03:19:11 AM |
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If bitcoin get used widely, and it becomes main stream gradually, the price could rise 40% a year. It will rise 1000 times in 20 years. If you think $5m is comfortable for retirement, you can buy $5000 coins, or 14 in today's money.
i agree with you on this............it needs more players on the blockchain to gain value |
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lindin99
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December 05, 2015, 05:59:12 AM |
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You can't be sure of that since BTC has already proven to be unpredictable, currently having 3000 BTC can be enough for a US citizen but BTC is unpredictable and it can double or halve in price in just a day so it's better to use it as an extra investment rather than the main money saving.
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graphBuddy
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December 05, 2015, 06:26:56 AM |
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around 300 bitcoins are enough in my country and with the current btc price  |
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knowhow
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December 05, 2015, 07:50:47 PM |
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The bad thing on the retirement project into bitcoins is that we dont know the price that can be bitcoin tomorrow soo thinking into 20 years ,sure its a long time and bitcoin can be worthing less then todays or even much more then before the fact is todays 200 btc would be enought to retire for me.
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Apened
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December 05, 2015, 08:11:50 PM |
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The bad thing on the retirement project into bitcoins is that we dont know the price that can be bitcoin tomorrow soo thinking into 20 years ,sure its a long time and bitcoin can be worthing less then todays or even much more then before the fact is todays 200 btc would be enought to retire for me.
I have the different opinion. We do not the price of bitcoin next year, but we know the price will rise next decade if the adoption is increased through the years. |
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Nameless Coin
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December 05, 2015, 08:16:42 PM |
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The bad thing on the retirement project into bitcoins is that we dont know the price that can be bitcoin tomorrow soo thinking into 20 years ,sure its a long time and bitcoin can be worthing less then todays or even much more then before the fact is todays 200 btc would be enought to retire for me.
I have the different opinion. We do not the price of bitcoin next year, but we know the price will rise next decade if the adoption is increased through the years. That is also not true, we just don't know what will happen in the future. With bitcoin everthing can happen. You can't just say that bitcoin will rise in the next decade. But I am also prety sure that bitcoin might just be increasing in the next decade, because of the new generations of people that will know about bitcoin and will use it. |
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michietn94
Legendary
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December 06, 2015, 01:17:09 AM |
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I think you need more than 1000 btc,
yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$
And if you do calculate the inflation rate, i think that number should be enough for normal living
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Denker
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December 06, 2015, 11:13:43 AM |
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I think you need more than 1000 btc,
yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$
And if you do calculate the inflation rate, i think that number should be enough for normal living
We might see $1000 in the next 12-24 months. If Bitcoin will be $1000 in 20 years I can tell you that this experiment has failed! In 2 decades I expect at least 5 figures! Furthermore how much coins you will need to retire also depends from where do you live, what kind of lifestyle your prefer and a few things more. Therefore it will be very distinct how much coins someone will need to have a good and enjoyable life. |
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OmegaStarScream
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December 06, 2015, 11:20:01 AM |
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I think you need more than 1000 btc,
yeah maybe it sound like a lot but in 20 years i think btc price will around 1000$
And if you do calculate the inflation rate, i think that number should be enough for normal living
If it's the case then I guess we can say that bitcoin was a failure (if we speak about the price part) . the price you just mentioned should be expected little bit the halving block reward or after it and shouldn't be that long . In 20 years It will be much more since there will be more halving block rewards ! |
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johnsmith1964
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December 06, 2015, 01:55:49 PM |
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I would say the more bitcoins you have the more you are cushioned. So say a good retirement will require plenty of money..... say $10 million dollars for a very comfortable lifestyle to pay for everything healthcare travel etc, so 30,000 bitcoins at roughly todays value. This may seem excessive but it is better to have more than less.
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