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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320306 times)
azguard
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March 17, 2016, 04:33:04 PM
 #1981

this depend of haw much money you want to have if this number is 100K then you will need at current price around 240 BTC but if you want more 1 million $ they you will need much more around 2400 BTC and that is a lot i must say



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March 17, 2016, 05:15:52 PM
 #1982

In next twelve months bitcoin could be anywhere between $1,000 to $5,000.If growth of bitcoin continues upto twenty years then ,in my opinion two bitcoins or three would be sufficient.
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March 17, 2016, 05:36:47 PM
 #1983

I think you would need around 1000 bitcoins to retire comfortably in a first world country.

I estimated bitcoin price at $1000 per bitcoin in this estimation IMO.
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March 17, 2016, 06:18:05 PM
 #1984

You would need a lot of bitcoins to do this in my opinion, also that is the downside because you will need to invest a lot of money.
I think its also a question if the bitcoin still will exists in that year..
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March 17, 2016, 09:17:23 PM
 #1985

You would need a lot of bitcoins to do this in my opinion, also that is the downside because you will need to invest a lot of money.
I think its also a question if the bitcoin still will exists in that year..

Bitcoin will surely exist even after 20 years, and we would see more powerful bitcoin by that time but not sure what would be the value and how much should we hold.
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March 18, 2016, 02:39:45 AM
 #1986

You would need a lot of bitcoins to do this in my opinion, also that is the downside because you will need to invest a lot of money.
I think its also a question if the bitcoin still will exists in that year..

That is why we need to buy now, while we still can, as there are speculations that after few years, bitcoin's price won't be like its price during the past.. so I think it would be best to buy now and save it, or just invest your fiat in retirement funds and savings..
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March 18, 2016, 05:40:58 AM
 #1987

You would need a lot of bitcoins to do this in my opinion, also that is the downside because you will need to invest a lot of money.
I think its also a question if the bitcoin still will exists in that year..


Surely that bitcoin will still exist 20 years from now and who know maybe bitcoin will be the no. 1 payment system in the world.
Bitcoin wont be going anywhere for the next following years.
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March 18, 2016, 09:43:05 AM
 #1988

You would need a lot of bitcoins to do this in my opinion, also that is the downside because you will need to invest a lot of money.
I think its also a question if the bitcoin still will exists in that year..


Surely that bitcoin will still exist 20 years from now and who know maybe bitcoin will be the no. 1 payment system in the world.
Bitcoin wont be going anywhere for the next following years.
You never know what the value will be and that is the problem. I hope of course that you will have some profit later.
But it is a currency and that is very hard to predict. You need for sure some a lot of Bitcoins. But it will be better if you see Bitcoin as a bonus and not as an earning.
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March 18, 2016, 09:43:45 AM
 #1989

literally zero.
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March 18, 2016, 09:46:54 AM
 #1990

You would need a lot of bitcoins to do this in my opinion, also that is the downside because you will need to invest a lot of money.
I think its also a question if the bitcoin still will exists in that year..


Surely that bitcoin will still exist 20 years from now and who know maybe bitcoin will be the no. 1 payment system in the world.
Bitcoin wont be going anywhere for the next following years.
You never know what the value will be and that is the problem. I hope of course that you will have some profit later.
But it is a currency and that is very hard to predict. You need for sure some a lot of Bitcoins. But it will be better if you see Bitcoin as a bonus and not as an earning.

Yes bitcoin is good as an extra income, and we cannot afford to depend only on it for living, its better that if we hold maximum number of coins for future as we cannot predict the future price.
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March 18, 2016, 10:11:51 AM
 #1991

You would need a lot of bitcoins to do this in my opinion, also that is the downside because you will need to invest a lot of money.
I think its also a question if the bitcoin still will exists in that year..


Surely that bitcoin will still exist 20 years from now and who know maybe bitcoin will be the no. 1 payment system in the world.
Bitcoin wont be going anywhere for the next following years.
You never know what the value will be and that is the problem. I hope of course that you will have some profit later.
But it is a currency and that is very hard to predict. You need for sure some a lot of Bitcoins. But it will be better if you see Bitcoin as a bonus and not as an earning.

Yes bitcoin is good as an extra income, and we cannot afford to depend only on it for living, its better that if we hold maximum number of coins for future as we cannot predict the future price.


I to will just be holding and accumulate bitcoin in any way i can and wait for 20 years (im 40 by that time).
Maybe the price of bitcoin by that time is more higher than the price right now.
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March 18, 2016, 10:52:58 AM
 #1992

You would need a lot of bitcoins to do this in my opinion, also that is the downside because you will need to invest a lot of money.
I think its also a question if the bitcoin still will exists in that year..


Surely that bitcoin will still exist 20 years from now and who know maybe bitcoin will be the no. 1 payment system in the world.
Bitcoin wont be going anywhere for the next following years.
You never know what the value will be and that is the problem. I hope of course that you will have some profit later.
But it is a currency and that is very hard to predict. You need for sure some a lot of Bitcoins. But it will be better if you see Bitcoin as a bonus and not as an earning.

Yes bitcoin is good as an extra income, and we cannot afford to depend only on it for living, its better that if we hold maximum number of coins for future as we cannot predict the future price.


I to will just be holding and accumulate bitcoin in any way i can and wait for 20 years (im 40 by that time).
Maybe the price of bitcoin by that time is more higher than the price right now.

Yeah that's the right thing to do, hold it as you never know what bitcoin will offer us in future, so trying to collect as many coins possible so that can enjoy the retirement life.
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March 18, 2016, 10:59:35 AM
 #1993

You would need a lot of bitcoins to do this in my opinion, also that is the downside because you will need to invest a lot of money.
I think its also a question if the bitcoin still will exists in that year..

Keep some amount of btc is ok but on different locations or markets if hack come up you wont loose bit maybe some small amount
for retirement maybe but you never now what will be the price of btc
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March 18, 2016, 08:31:30 PM
 #1994

I think I will need more then 100 btc to live a good and extra ordinary life I will try to have some more of it as I cannot take any risk at the time of retirement.
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March 18, 2016, 09:59:39 PM
 #1995

I think I will need more then 100 btc to live a good and extra ordinary life I will try to have some more of it as I cannot take any risk at the time of retirement.

Only 100 btc? Wow, you must really live a clean and balanced life.

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March 19, 2016, 05:05:18 AM
 #1996

I think I will need more then 100 btc to live a good and extra ordinary life I will try to have some more of it as I cannot take any risk at the time of retirement.

Only 100 btc? Wow, you must really live a clean and balanced life.

Ha ha ha. Great idea.  I guess in the year of 2040 bitcoin will be more than 10000$ according to me.
Satoshi expecting bitcoin rate to touch 10000$ in the year 2050 at least. Let's hope for the best to happen in this world
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March 19, 2016, 06:15:48 AM
 #1997

this depend of haw much money you want to have if this number is 100K then you will need at current price around 240 BTC but if you want more 1 million $ they you will need much more around 2400 BTC and that is a lot i must say
if appropriate wishes of course I would prefer to get $100k. but how about the process? how to get it so many bitcoin. will be very difficult I think it should be in accordance with your abilities
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March 19, 2016, 06:30:44 AM
 #1998

this depend of haw much money you want to have if this number is 100K then you will need at current price around 240 BTC but if you want more 1 million $ they you will need much more around 2400 BTC and that is a lot i must say
if appropriate wishes of course I would prefer to get $100k. but how about the process? how to get it so many bitcoin. will be very difficult I think it should be in accordance with your abilities

The process to get those bitcoin is to work hard for it,play wise if you are in trading know when to sell and buy.
There are a lot of work that accept bitcoin as payment maybe you should start with these.
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March 19, 2016, 07:04:06 AM
 #1999

this depend of haw much money you want to have if this number is 100K then you will need at current price around 240 BTC but if you want more 1 million $ they you will need much more around 2400 BTC and that is a lot i must say
if appropriate wishes of course I would prefer to get $100k. but how about the process? how to get it so many bitcoin. will be very difficult I think it should be in accordance with your abilities

The process to get those bitcoin is to work hard for it,play wise if you are in trading know when to sell and buy.
There are a lot of work that accept bitcoin as payment maybe you should start with these.

Yes try to earn as much as you can as you can never know what exact amount of bitcoin can take care of you in future as we don't know what would be the value of bitcoin after 20 years.
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March 19, 2016, 04:13:41 PM
 #2000

I think I will need more then 100 btc to live a good and extra ordinary life I will try to have some more of it as I cannot take any risk at the time of retirement.

Only 100 btc? Wow, you must really live a clean and balanced life.

Ha ha ha. Great idea.  I guess in the year of 2040 bitcoin will be more than 10000$ according to me.
Satoshi expecting bitcoin rate to touch 10000$ in the year 2050 at least. Let's hope for the best to happen in this world
it is quite impossible although all could happen but I very much doubt. bitcoin price can be worth so much.
it felt too excessive and imposing I would think a reasonable price is around $ 1000- 2000 will not be more than that. for the year 2040


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