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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320306 times)
vendetahome
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March 24, 2016, 11:12:12 AM
 #2041

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?

if you'll buy 10 bitcoins, total 4000$, and will hold them for 20 years, and if we will be lucky of course, you should have around 4 000 000$ or even more,  i think that price after 20years will be huge because of halvings, and of course buyers/sellers
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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March 24, 2016, 11:16:07 AM
 #2042

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?

if you'll buy 10 bitcoins, total 4000$, and will hold them for 20 years, and if we will be lucky of course, you should have around 4 000 000$ or even more,  i think that price after 20years will be huge because of halvings, and of course buyers/sellers


Bitcoin price by that time would really be on a higher scale compared to know and if you buy 10 bitcoin right now and use it as a retirement fund then you are all set to go and wait for 20 years.
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March 24, 2016, 11:41:20 AM
 #2043

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?

if you'll buy 10 bitcoins, total 4000$, and will hold them for 20 years, and if we will be lucky of course, you should have around 4 000 000$ or even more,  i think that price after 20years will be huge because of halvings, and of course buyers/sellers


Bitcoin price by that time would really be on a higher scale compared to know and if you buy 10 bitcoin right now and use it as a retirement fund then you are all set to go and wait for 20 years.

not a good idea, bought 10 bitcoin then held for 20 years. yeah I'm sure in the next 20 years there will be an increase in the price of bitcoin high enough. but instead you only hold a small amount. better to try to grow. because you have to earn profits comparable to your waiting for 20 years.

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March 24, 2016, 02:59:13 PM
 #2044

sit on 10, do some day trading with 1-2 of them, watch your fortune grow -

dont forget to diversify via alt coins, market arbitrage and assets.

youll be a millionaire in no time, but you know what they say - takes money to make money.
Retiring would need around $500,000,00 to 1 million dollar to retire comfortably in a first world country like US Or most of europe. it may grow to this size but that's at least hard to consider right now "100,000 Dollars per BTC..."
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March 24, 2016, 03:29:10 PM
 #2045

Maybe you can have a lot bitcoin that you can earn rather than for only a few. It is always better to save everything for the last. I would save 5 bitcoin in order for me to be secure and somehow to be sure that if ever some things may change I am prepared for what would that be..

i will do it too, save some for future.
today i earn a lot satoshi from trading at poloniex, i make 0.4btc in 1day  Cheesy

it's a best day for me....

That is so great. I may say that you really are good at trading. I haven't try it yet but I am looking forward to have that kind of move. I guess I have to read my notes so that I can be like you when it comes to trading someday. Good luck and more profit for all of us..

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March 24, 2016, 04:38:36 PM
 #2046

You will need a lot of Bitcoins, because you never know what the value will be after 20 years and that is the problem.
It is a currency and that is always changing from value and than you will never know what it will be. But we all think that the value is going to rise.
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March 24, 2016, 05:16:35 PM
 #2047

You will need a lot of Bitcoins, because you never know what the value will be after 20 years and that is the problem.
It is a currency and that is always changing from value and than you will never know what it will be. But we all think that the value is going to rise.


bitcoin will be skyrocketing in the future because if one thing become rare the price is so more higher than what you expected and I hope that must be bitcoins because Im that poor people collecting bitcoins now
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March 24, 2016, 05:56:56 PM
 #2048

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?

you would need around million $, so that would be 10 bitcoins, pretty real that price after 20 years will be 100 000$ for bitcoin, because of halvings and China, bitcoin is so popular right now that more and more stores accepts it so price will really rise
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March 24, 2016, 06:31:59 PM
 #2049

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?

you would need around million $, so that would be 10 bitcoins, pretty real that price after 20 years will be 100 000$ for bitcoin, because of halvings and China, bitcoin is so popular right now that more and more stores accepts it so price will really rise

I do not think this is gonna happen at all, I even find it a bit unrealistic, the bitcoin will never hit the 100k it will even be far from that.
Also the fact is that will the bitcoin than even still exist, you could ask yourself that question because I do not think it will even exists any more, plus the fact is also that no one can predict the amount of bitcoins you need to retire in about 20 years..
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March 24, 2016, 09:15:09 PM
 #2050

You need ~1 million dollars i think for living with all goods and needs but bitcoins is unpredictable it can be worthless for times and you will be poor instantly.

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March 25, 2016, 07:49:33 AM
 #2051

You need ~1 million dollars i think for living with all goods and needs but bitcoins is unpredictable it can be worthless for times and you will be poor instantly.

Yeah, that's the worst part of that, if our expectation in bitcoin didn't come true..That is why we still need to save on fiat and just make bitcoin our reserve, just in case there's emergency or we need to buy something which is out of the budget..
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March 25, 2016, 08:19:51 AM
 #2052

Its depend on your country and about your future expenses. in my view i am planing to invest 10 Btc. if price will go up in future then it will make me stress free after 20 years or if i lose then it will not destroy my life. Invest as much as u can afford to lose.

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March 25, 2016, 08:42:30 AM
 #2053

You will need a lot of Bitcoins, because you never know what the value will be after 20 years and that is the problem.
It is a currency and that is always changing from value and than you will never know what it will be. But we all think that the value is going to rise.


bitcoin will be skyrocketing in the future because if one thing become rare the price is so more higher than what you expected and I hope that must be bitcoins because Im that poor people collecting bitcoins now

Do you have any proof of this claim? Just curious because my experience says that there are indeed poor people who are interested in Bitcoin, especially from southern Asian countries. But most do not keep their collected Bitcoin and exchange them for fiat.
DeDordtenaar
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March 25, 2016, 09:13:55 AM
 #2054

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?

if you'll buy 10 bitcoins, total 4000$, and will hold them for 20 years, and if we will be lucky of course, you should have around 4 000 000$ or even more,  i think that price after 20years will be huge because of halvings, and of course buyers/sellers
Lol its mean bitcoin have price $400.000 per bitcoin. I would say it is very unlikely to happen the prices are very high dude
I can not imagine that if it happens  what is happening in the world. chaos or war?


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March 25, 2016, 09:19:14 AM
 #2055

sit on 10, do some day trading with 1-2 of them, watch your fortune grow -

dont forget to diversify via alt coins, market arbitrage and assets.

youll be a millionaire in no time, but you know what they say - takes money to make money.
Retiring would need around $500,000,00 to 1 million dollar to retire comfortably in a first world country like US Or most of europe. it may grow to this size but that's at least hard to consider right now "100,000 Dollars per BTC..."

Well the point of sitting on 10 isn't so they can go up to 100k per coin. It's simply to ensure that no matter
what losses and strategy you experiment with, you always have enough extra to ride pnd waves, arbitrage
across markets and leverage altcoin assets. If you use 500x trading bots and a few douzen btc one can make
a few hundred thousand extra a year - possibly more if you further diversify into mining and startup space.
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March 25, 2016, 10:17:24 AM
 #2056

You need ~1 million dollars i think for living with all goods and needs but bitcoins is unpredictable it can be worthless for times and you will be poor instantly.

you can buy anithyng you want if price going to 1000$ again like january2013
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March 25, 2016, 11:36:44 AM
 #2057

You need ~1 million dollars i think for living with all goods and needs but bitcoins is unpredictable it can be worthless for times and you will be poor instantly.

you can buy anithyng you want if price going to 1000$ again like january2013


THe price of 1k per bitcoin might happen in 2020+,or maybe when in 20 more years the price might tripled.
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March 25, 2016, 11:44:52 AM
 #2058

You need ~1 million dollars i think for living with all goods and needs but bitcoins is unpredictable it can be worthless for times and you will be poor instantly.

you can buy anithyng you want if price going to 1000$ again like january2013


THe price of 1k per bitcoin might happen in 2020+,or maybe when in 20 more years the price might tripled.


Well, i hope it happened too. But i think to make bitcoin price goes up to $1.000 per bitcoin will take many years. And if in 2020 the price is $1.000/btc, you can retire on that years by invest on bitcoin now.
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March 25, 2016, 03:03:19 PM
 #2059

You need ~1 million dollars i think for living with all goods and needs but bitcoins is unpredictable it can be worthless for times and you will be poor instantly.
bitcoin prices are very volatile so we can not predict the price is certainly in 20 years to come. it is even possible bitcoin prices can be very low. important that we collect bitcoin. as much as we can

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March 25, 2016, 10:07:38 PM
 #2060

I would like to have at least 100 coins cuz i think it will be enough

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