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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320306 times)
ronaldo40
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March 09, 2016, 01:00:00 PM
 #1901

You will need a lot, because you never know what the value will be after a few years. The value can be very low and that will be not good.
But the value can also be very high and that is very good. But you life will depend on Bitcoin and that will be not good.

Its always good to invest your money in multiple products, because if you depend only on bitcoins, and if it fails, then you loose everything, and you don't have an option to invest after 20 years.


Investing on different companies to grow you bitcoin is essential.
You will be needing maybe about 300-500 bitcoin with that amount i think you will live a happy life.

require 1000 bitcoin was better, because we do not know the price of bitcoin in 20 years. maybe it could be back under $100.
and I think if you want to retire is not just relying on bitcoin.

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iamthesky
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March 09, 2016, 01:16:21 PM
 #1902

You will need a lot, because you never know what the value will be after a few years. The value can be very low and that will be not good.
But the value can also be very high and that is very good. But you life will depend on Bitcoin and that will be not good.

Its always good to invest your money in multiple products, because if you depend only on bitcoins, and if it fails, then you loose everything, and you don't have an option to invest after 20 years.


Investing on different companies to grow you bitcoin is essential.
You will be needing maybe about 300-500 bitcoin with that amount i think you will live a happy life.

require 1000 bitcoin was better, because we do not know the price of bitcoin in 20 years. maybe it could be back under $100.
and I think if you want to retire is not just relying on bitcoin.

That's true it depends on the value of bitcoin after 20 years, its better that we be ready with some coins in our wallet, so even if the price low, if we hold more number of bitcoins, they can take care of us.
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March 09, 2016, 02:34:49 PM
 #1903

You will need a lot of Bitcoins I think. The value will always so that is the problem. Sometimes you are poor and sometimes you are rich.
And that is not good. Then your life will depend on a currency and that is not good.

Very well said. That is why you really need a lot to retire. Maybe cash some for a safer method or invest it to get a good house or some lands that can be sold or rented. Some businesses in the real world would be great rather than waiting for the price of bitcoin to come up.
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March 09, 2016, 02:41:02 PM
 #1904

Depends to how much you get to be satisfied. but then you may not be satisfied with just about 1000 BTC. To support you demands every day you would need constant flow of money and i mean you can never have enough. Lets say at first you just need a canoe later you would need a pump boat and when you got a girl you might need a hellicopter.. now 1000 btc may not suffice..

that is because you can never have enough btc to live and enjoy.

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March 09, 2016, 03:04:08 PM
 #1905

You will need a lot of Bitcoins I think. The value will always so that is the problem. Sometimes you are poor and sometimes you are rich.
And that is not good. Then your life will depend on a currency and that is not good.
yeah thats why we need a lot of bitcoin. so we will not be poor when we retire. collect bitcoin as much as you can. It is better


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JAyThaRevo
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March 09, 2016, 03:23:19 PM
 #1906

You will need a lot of Bitcoins I think. The value will always so that is the problem. Sometimes you are poor and sometimes you are rich.
And that is not good. Then your life will depend on a currency and that is not good.
yeah thats why we need a lot of bitcoin. so we will not be poor when we retire. collect bitcoin as much as you can. It is better

That's true and we cannot have a exact figure in our mind that what amount bitcoin will take care of us in future, as the price keeps on moving up and down, its good if we have more bitcoins.
ronaldinho_07
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March 09, 2016, 11:19:16 PM
 #1907

You will need a lot, because you never know what the value will be after a few years. The value can be very low and that will be not good.
But the value can also be very high and that is very good. But you life will depend on Bitcoin and that will be not good.

Its always good to invest your money in multiple products, because if you depend only on bitcoins, and if it fails, then you loose everything, and you don't have an option to invest after 20 years.


Investing on different companies to grow you bitcoin is essential.
You will be needing maybe about 300-500 bitcoin with that amount i think you will live a happy life.

require 1000 bitcoin was better, because we do not know the price of bitcoin in 20 years. maybe it could be back under $100.
and I think if you want to retire is not just relying on bitcoin.

Well bitcoin were made to keep growing the value over the time,the halving thing were made to make the coins worth more,soo the thing about the bitcoin price over the next 20 years,i believe it will be worth around 800 dollars if not more soo i consider a 100-300 btc more then enought to live.
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March 09, 2016, 11:29:11 PM
 #1908

You will need a lot of Bitcoins I think. The value will always so that is the problem. Sometimes you are poor and sometimes you are rich.
And that is not good. Then your life will depend on a currency and that is not good.
yeah thats why we need a lot of bitcoin. so we will not be poor when we retire. collect bitcoin as much as you can. It is better

That's true and we cannot have a exact figure in our mind that what amount bitcoin will take care of us in future, as the price keeps on moving up and down, its good if we have more bitcoins.
Its better to stay in the real job while doing collecting some bitcoin so that you have a great foture if you hold your bitcoin until 3 years..
You can  retire to your job and start a business online using bitcoin..
goinmerry
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March 10, 2016, 06:39:28 AM
 #1909

Depends to how much you get to be satisfied. but then you may not be satisfied with just about 1000 BTC. To support you demands every day you would need constant flow of money and i mean you can never have enough. Lets say at first you just need a canoe later you would need a pump boat and when you got a girl you might need a hellicopter.. now 1000 btc may not suffice..

that is because you can never have enough btc to live and enjoy.

That money should still grow and go back to its place once you move some or cash it out. It wont be good if you just use and never get back what you used. Somehow it will all be depleted even if you just use it little by little
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March 10, 2016, 08:11:17 AM
 #1910


Its better to stay in the real job while doing collecting some bitcoin so that you have a great foture if you hold your bitcoin until 3 years..
You can  retire to your job and start a business online using bitcoin..

That is right, we better stay in our day job while collecting bitcoin as side job, that way, you won't be putting fiat into the bitcoin just to make sure about your retirement, let your real life day job be your retirement investment and your bitcoin as your extra...

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March 10, 2016, 08:55:52 AM
 #1911

Depends to how much you get to be satisfied. but then you may not be satisfied with just about 1000 BTC. To support you demands every day you would need constant flow of money and i mean you can never have enough. Lets say at first you just need a canoe later you would need a pump boat and when you got a girl you might need a hellicopter.. now 1000 btc may not suffice..

that is because you can never have enough btc to live and enjoy.
It's because humans nature that will never feel satisfied, they would ask for more and more , never feel and say it's enough.
But for this case it adjust to your daily need , and what plan after 20 years. 100,000 bitcoin wouldn't enough if the price below a cent? But if you are bitcoin dreamer then 100 bitcoin are more than enough for $8,000 bitcoin price.

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March 10, 2016, 12:27:46 PM
 #1912

You will need a lot of Bitcoins I think. The value will always so that is the problem. Sometimes you are poor and sometimes you are rich.
And that is not good. Then your life will depend on a currency and that is not good.
yeah thats why we need a lot of bitcoin. so we will not be poor when we retire. collect bitcoin as much as you can. It is better

That's true and we cannot have a exact figure in our mind that what amount bitcoin will take care of us in future, as the price keeps on moving up and down, its good if we have more bitcoins.
yeah we don't know in future. bitcoin prices will be high or low. so to prepare it all collect as much as you can is the ultimate choice Cheesy


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March 11, 2016, 02:50:28 AM
 #1913

You will need a lot, because you never know what the value will be after a few years. The value can be very low and that will be not good.
But the value can also be very high and that is very good. But you life will depend on Bitcoin and that will be not good.

Its always good to invest your money in multiple products, because if you depend only on bitcoins, and if it fails, then you loose everything, and you don't have an option to invest after 20 years.


Investing on different companies to grow you bitcoin is essential.
You will be needing maybe about 300-500 bitcoin with that amount i think you will live a happy life.

require 1000 bitcoin was better, because we do not know the price of bitcoin in 20 years. maybe it could be back under $100.
and I think if you want to retire is not just relying on bitcoin.

Well said about the real fact. Should never rely upon bitcoin completely. We can only predict we don't have the exact calculation what the price will be after 20 years.

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March 11, 2016, 05:58:56 AM
 #1914

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
 Grin
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March 11, 2016, 06:10:50 AM
 #1915

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
 Grin

BRK.B is a stock right?

10 years would be long. I could double this 2 BTC in a year or so just by some good knowledge in trading. What if I die in ten years that would be a lost for me then.

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March 11, 2016, 06:35:29 AM
 #1916

You will need a lot, because you never know what the value will be after a few years. The value can be very low and that will be not good.
But the value can also be very high and that is very good. But you life will depend on Bitcoin and that will be not good.

Its always good to invest your money in multiple products, because if you depend only on bitcoins, and if it fails, then you loose everything, and you don't have an option to invest after 20 years.


Investing on different companies to grow you bitcoin is essential.
You will be needing maybe about 300-500 bitcoin with that amount i think you will live a happy life.

require 1000 bitcoin was better, because we do not know the price of bitcoin in 20 years. maybe it could be back under $100.
and I think if you want to retire is not just relying on bitcoin.

Well said about the real fact. Should never rely upon bitcoin completely. We can only predict we don't have the exact calculation what the price will be after 20 years.
I agree we don't have a clue what price bitcoin has reached or by then it has already been abandon ( the chance is quite small I believe). Theoretically and some speculations, by then the bitcoin price will be more than $1000 which you will need some bitcoins to retire
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March 11, 2016, 07:14:00 AM
Last edit: March 11, 2016, 08:07:26 PM by Amph
 #1917

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
 Grin

i can have better expectation for 10 years holding bitcoin, the price will skyrocket much more than any other stock or market, at least it has the potential need only the fuel
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March 11, 2016, 03:35:31 PM
 #1918

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
 Grin

i can have better expectation for 10 years holding bitcoin, the price will skyrocket much more than any other stock or market, at least it has the potential nedd only the fuel
yeah better hold your bitcoin for 10 years or 20 years instead of the purchase shares of a company. bitcoin has the potential price will rise very high. so better hold if you've collected a lot of bitcoin
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March 11, 2016, 05:59:13 PM
 #1919

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
 Grin

i can have better expectation for 10 years holding bitcoin, the price will skyrocket much more than any other stock or market, at least it has the potential nedd only the fuel
yeah better hold your bitcoin for 10 years or 20 years instead of the purchase shares of a company. bitcoin has the potential price will rise very high. so better hold if you've collected a lot of bitcoin
Yeh..it will be definitely worthy to save it up until the retirement and whatever amount we could collect in the mean time would be enough.

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
 Grin

BRK.B is a stock right?

10 years would be long. I could double this 2 BTC in a year or so just by some good knowledge in trading. What if I die in ten years that would be a lost for me then.
Just considering the unexpected outcomes doesn't makes sense.
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March 14, 2016, 06:33:16 AM
 #1920

Sell 2 BTC and buy BRK.b with solid return for the last 10 years.
 Grin

i can have better expectation for 10 years holding bitcoin, the price will skyrocket much more than any other stock or market, at least it has the potential nedd only the fuel
yeah better hold your bitcoin for 10 years or 20 years instead of the purchase shares of a company. bitcoin has the potential price will rise very high. so better hold if you've collected a lot of bitcoin


holding bitcoin is way better they dont understand that but in 10 or more years btc will worth much and we can only image and speculate on price in 10 or more years



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