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Bitcoinbro
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December 21, 2015, 09:21:04 AM |
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I would say around 100 BTC... If you want to live a comfortable lifestyle after retirement.
Yeah that is a good amount to have after retirement what are you going really to do. You will be old, you are just going to just eat sit sleep and over and over  If I had more than 1000 Bitcoin I would just retire now. |
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Whoever mines the block which ends up containing your transaction will get its fee.
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Betwrong
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Activity: 3276
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I stand with Ukraine.
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December 21, 2015, 09:51:41 AM |
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
In 20 years IMO the price of 1 Bitcoin will be around $10k, I mean if for 1 USD will be possible to buy same things as today. So if you are going to live 40 years more from that time and you want to spend around $5k or BTC0.5 per month(which I think is a pretty good amount for a comfortable life) then 40 x 12 x 0.5 = 240The answer to your question is BTC240. |
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LarryHocks
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December 21, 2015, 09:56:43 AM |
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I think it depends on how much you're going to spend the rest of your life or the rest of your retirement.
If you're expenses are high then you'll need more bitcoins, it really depends on how much you expect to spend when you're in your retirement phase.
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BitsandBites
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December 21, 2015, 10:03:18 AM |
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For me doesn't matter how much bitcoin I will have in retirement I think you just need to live your life in fullest so that when you retirement would be nice, because money won't be an issues if you are old.
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Nadicona
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December 21, 2015, 10:42:36 AM |
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Either you need 1, or you need 1 million. I believe in extreme's and this can go both ways.
It will be the invention of the century, or it will be a big FAIL.
If bitcoin goes to 0, you cannot have any bitcoins. I just wish bitcoin to evolve all the time and does not die. |
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avw1982
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December 21, 2015, 11:44:03 AM |
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20 years is really long, maybe btc will become useless after just 10 more years, who knows?
10 years? maybe not I think. The mining reward of bitcoin is not low enough so that miners will stop mining. Only one situation can cause bitcoin to die is the digital currency created by governments kills it No bitcoin will not die. As you said mining will reduce from the bitcoin miners. Now 32500 Bitcoins mining per year. After 20 years We can expect may be 3 BTC only Mining by miner. That time Demand and price for the bitcoin Only get increase. It will not die at all. |
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Denker
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December 21, 2015, 02:38:42 PM |
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For me doesn't matter how much bitcoin I will have in retirement I think you just need to live your life in fullest so that when you retirement would be nice, because money won't be an issues if you are old.
So what you mean is live everyday as it would be your last one right! Even if I do that for 20 or 30 years, living on full throttle, with doing any savings for the years, I will not be able to work anymore or being too old to get a job, what will I do then?Vegetating the last 10-15 years I have, speculating on social welfare and eat food out of the trash can?No thanks! |
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zodiac3011
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December 21, 2015, 02:42:59 PM |
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20 years is really long, maybe btc will become useless after just 10 more years, who knows?
10 years? maybe not I think. The mining reward of bitcoin is not low enough so that miners will stop mining. Only one situation can cause bitcoin to die is the digital currency created by governments kills it No bitcoin will not die. As you said mining will reduce from the bitcoin miners. Now 32500 Bitcoins mining per year. After 20 years We can expect may be 3 BTC only Mining by miner. That time Demand and price for the bitcoin Only get increase. It will not die at all. 20 years is a long time my friend. After that much time, technology has grown to an unimaginable rate that bitcoin maybe just an old and obsolete thing before it reaches 3 BTC mined per year. |
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jt byte
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December 21, 2015, 03:39:26 PM |
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20 years is really long, maybe btc will become useless after just 10 more years, who knows?
10 years? maybe not I think. The mining reward of bitcoin is not low enough so that miners will stop mining. Only one situation can cause bitcoin to die is the digital currency created by governments kills it No bitcoin will not die. As you said mining will reduce from the bitcoin miners. Now 32500 Bitcoins mining per year. After 20 years We can expect may be 3 BTC only Mining by miner. That time Demand and price for the bitcoin Only get increase. It will not die at all. 20 years is a long time my friend. After that much time, technology has grown to an unimaginable rate that bitcoin maybe just an old and obsolete thing before it reaches 3 BTC mined per year. Yeah 20 years a long time, with that time you can just collect so much bitcoin as you can if you want to retire with bitcoins. I think that 100 BTC is more than enought, because I bet you won't do that much activity when you are old. |
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ThunderThomas
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December 21, 2015, 04:26:18 PM |
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Really just depends on how much you're going to spend when you're retiring such as living expenses.
If you do retire, you could still invest in bitcoin by just holding and exchanging when you can make some good profits.
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azguard
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December 23, 2015, 05:42:24 PM |
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
In 20 years IMO the price of 1 Bitcoin will be around $10k, I mean if for 1 USD will be possible to buy same things as today. So if you are going to live 40 years more from that time and you want to spend around $5k or BTC0.5 per month(which I think is a pretty good amount for a comfortable life) then 40 x 12 x 0.5 = 240The answer to your question is BTC240. nice amount but think that half would be fine maybe less we can tell how much it will change in that time |
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Epicnicity
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December 23, 2015, 10:25:18 PM |
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I think it depends on how much money you're going to need when you do retire. How much your expenses will be and how much you're going to give yourself to spend. If you can get 1000 bitcoins, that would be a save number of bitcoins to have for your retirement.
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conio.h
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December 24, 2015, 08:47:12 AM |
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For every 2BTC per month you want to have for a 20-year period, at the end of which the portfolio is zero, you need a lump sum of 40BTC. Thus, if you want 20BTC per month, you must have a lump sum of 400BTC. If you feel like you have really good genes and expect to live 30 years in retirement, then the present value of that stream of money must be 55BTCper 2BTC or 550BTC for 20BTC per month. If you keep everything the same, but assume a 6% positive return, the lump sum required is 36BTC per 2BTC for a 20-year payout and 470BTC for a 30-year span.
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HWoodrow
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December 24, 2015, 12:04:31 PM |
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
Main rule is to invest what you can afford to lose. Then, if you think that price whitin 20 years will be more higher than now, invest. 1 BTC-2 BTC are the same thing in the end. If you have a passionate idea about BTC, you have to believe about it. |
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diodio5
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December 24, 2015, 01:13:08 PM |
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
Main rule is to invest what you can afford to lose. Then, if you think that price whitin 20 years will be more higher than now, invest. 1 BTC-2 BTC are the same thing in the end. If you have a passionate idea about BTC, you have to believe about it. yeah you right, before investing you should know first the risk will occur, so that if you lose, you will not be frustrated, I think bitcoin has a small risk |
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HarryKPeters
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December 24, 2015, 01:31:17 PM |
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
Main rule is to invest what you can afford to lose. Then, if you think that price whitin 20 years will be more higher than now, invest. 1 BTC-2 BTC are the same thing in the end. If you have a passionate idea about BTC, you have to believe about it. yeah you right, before investing you should know first the risk will occur, so that if you lose, you will not be frustrated, I think bitcoin has a small risk Nice one. Since bitcoin is a way of saving and investing too, it did not occur to me it can also go downhill and you lose both your savings aswell your investments. So yeah save/invest what you can afford to lose. Nothing more. |
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praprata
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December 24, 2015, 02:23:30 PM |
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If it is retirement money we are talking about, I would not invest too much in bticoins. May be 1% to 3% of your wealth. Doesn't seem that save at the moment.
I agree if you need this for your old days invest 5% of lower. Use the rest of your money for investments in real estate or long term bonds. This has been proven succesfully in the long term by researchers. |
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Bitfirm
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December 24, 2015, 02:29:02 PM |
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Actually in 20 years it might be as few as ONE bitcoin
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EdenHazard
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Activity: 2674
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December 24, 2015, 02:57:28 PM |
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Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund. Live comfortably, but don't need to buy a yacht or anything. How many do you think I would need to buy?
is like guessing the price of bitcoin the next 20 years, how many you need depends on the price of bitcoin today and 20 years later, I would guess that you need bitcoin in large quantities, about 1000 bitcoin, to live a normal and comfortable, you need approximately $ 400,000 |
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Amph
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December 24, 2015, 06:42:04 PM |
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Actually in 20 years it might be as few as ONE bitcoin
i doubt 1 bitcoin will be worth 1M in only 20 years, those crazy value will only be true, if ever, in the fee era not before it, very unlikely, i would not bet on 100k in 20 years let alone 1M |
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