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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320306 times)
ASHLIUSZ
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May 12, 2016, 08:41:25 AM
 #2301

Many people in this thread, including me, predict that in 20 years Bitcoin will cost from $10k to $20k. Of course those numbers make sense only if the buying capacity of USD will be the same as it is today.

In short to retire in 20 years you'll need from 100 to 200 BTC.
200 BTC is enough to help live a comfortable life for most people, that amount would be quickly depleted if the person's lifestyle changed to include "lavish spending".
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May 12, 2016, 09:14:59 AM
 #2302

Many people in this thread, including me, predict that in 20 years Bitcoin will cost from $10k to $20k. Of course those numbers make sense only if the buying capacity of USD will be the same as it is today.

In short to retire in 20 years you'll need from 100 to 200 BTC.
200 BTC is enough to help live a comfortable life for most people, that amount would be quickly depleted if the person's lifestyle changed to include "lavish spending".


if you are getting older, you will be spending more and more, because of course you will get married and have children.
simple life will help you live better, so 200 BTC really enough, especially the cost of living in my country is not too high Smiley

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May 12, 2016, 09:23:24 AM
 #2303

Many people in this thread, including me, predict that in 20 years Bitcoin will cost from $10k to $20k. Of course those numbers make sense only if the buying capacity of USD will be the same as it is today.

In short to retire in 20 years you'll need from 100 to 200 BTC.
200 BTC is enough to help live a comfortable life for most people, that amount would be quickly depleted if the person's lifestyle changed to include "lavish spending".


if you are getting older, you will be spending more and more, because of course you will get married and have children.
simple life will help you live better, so 200 BTC really enough, especially the cost of living in my country is not too high Smiley

Yeah absolutely right mate, if we getting older you need more necessary to you and your family. But if make bitcoin as living in my country is sound good because the price of bitcoin is high rather than my currency.

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May 12, 2016, 10:22:39 AM
 #2304

1000btc,  thats the btc i wish to have someday. I dreamed of that btc when i entered into bitcoin business.
Shibashi Dogemoto
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May 12, 2016, 10:35:35 AM
 #2305

I don't think bitcoin will survive for next 20 years, its age limit is not more then 10 years I guess, and I will use only for 5 years, I will sell all my coins after 5 years and will be satisfied with the profits that I will earn.
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May 12, 2016, 10:46:50 AM
 #2306

1000btc,  thats the btc i wish to have someday. I dreamed of that btc when i entered into bitcoin business.

OMG! atleast 10 BTC, I believe at that time bitcoin prices already exceed $ 500 so that I could be a millionaire Cool
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May 12, 2016, 11:32:59 AM
 #2307

1000btc,  thats the btc i wish to have someday. I dreamed of that btc when i entered into bitcoin business.

OMG! atleast 10 BTC, I believe at that time bitcoin prices already exceed $ 500 so that I could be a millionaire Cool
Well, maybe we need a bitcoin as much in that year, in fact it could have been 1000 BTC right? but if you already think and strategize so that you can generate that much bitcoin. possible trade and investment alone will not be enough to generate a bitcoin that much, you might have to make a wide variety of online stores that accept bitcoin

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torrentheaven
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May 12, 2016, 12:11:18 PM
 #2308

The country I am living in I think 100 btc can take best care of me in future as I don't have high lifestyle so even if the price is low I would be satisfied with 100 btc.
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May 12, 2016, 12:58:34 PM
 #2309

1000btc,  thats the btc i wish to have someday. I dreamed of that btc when i entered into bitcoin business.

Oh man this is a lot!!
How do you wanna achieve that?
Either you have already enough cash to buy that much, you are good at trading or you do some shady stuff which could give you a high return but also the risk to get arrested.
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May 12, 2016, 05:55:57 PM
 #2310

1000btc,  thats the btc i wish to have someday. I dreamed of that btc when i entered into bitcoin business.

OMG! atleast 10 BTC, I believe at that time bitcoin prices already exceed $ 500 so that I could be a millionaire Cool
I think you need a lot of Bitcoins and that is because you dont know what the value will be and that is the problem of the currency it is hard to know what the value will be.
So I think you need some 50 BTC to retire in 20 years and that is a lot but you have to be safe also.
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May 13, 2016, 03:32:37 AM
 #2311

Many people in this thread, including me, predict that in 20 years Bitcoin will cost from $10k to $20k. Of course those numbers make sense only if the buying capacity of USD will be the same as it is today.

In short to retire in 20 years you'll need from 100 to 200 BTC.
200 BTC is enough to help live a comfortable life for most people, that amount would be quickly depleted if the person's lifestyle changed to include "lavish spending".


if you are getting older, you will be spending more and more, because of course you will get married and have children.
simple life will help you live better, so 200 BTC really enough, especially the cost of living in my country is not too high Smiley

Yeah absolutely right mate, if we getting older you need more necessary to you and your family. But if make bitcoin as living in my country is sound good because the price of bitcoin is high rather than my currency.

I think when talking about the highest price. bitcoin has the highest price of all currencies in the world.
therefore investment in bitcoin is very good for a future when you have retired, and the possibility that the price could be higher than the current

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May 13, 2016, 06:18:04 AM
 #2312



 this is easy to answer Smiley



 Satoshi = NONE Wink

 Whales = NOT TELLING (hey the are whales....they just blast the market up down with sonar in their whale like manner ...and scoop up more plankton (er I mean btc) rinse/repeat Sad

 The rest of us = likely more then we can get at this point in time Smiley


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May 13, 2016, 10:10:24 AM
 #2313

1000btc,  thats the btc i wish to have someday. I dreamed of that btc when i entered into bitcoin business.

All the very best for your earning as dreamt. I believe one can earn if he has the concentration only on this. But when he just back of it life will never look to be enjoyable.
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May 13, 2016, 11:12:05 AM
 #2314

Many people in this thread, including me, predict that in 20 years Bitcoin will cost from $10k to $20k. Of course those numbers make sense only if the buying capacity of USD will be the same as it is today.

In short to retire in 20 years you'll need from 100 to 200 BTC.
200 BTC is enough to help live a comfortable life for most people, that amount would be quickly depleted if the person's lifestyle changed to include "lavish spending".


if you are getting older, you will be spending more and more, because of course you will get married and have children.
simple life will help you live better, so 200 BTC really enough, especially the cost of living in my country is not too high Smiley

Yeah absolutely right mate, if we getting older you need more necessary to you and your family. But if make bitcoin as living in my country is sound good because the price of bitcoin is high rather than my currency.

I think when talking about the highest price. bitcoin has the highest price of all currencies in the world.
therefore investment in bitcoin is very good for a future when you have retired, and the possibility that the price could be higher than the current

well said
will price go up in next 20 year sure it will
in that time you might in theory at least must have 10 and that 10 btc might worth 100k or more
you cannon predict price in 20 years only speculate



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May 13, 2016, 12:34:30 PM
 #2315

Many people in this thread, including me, predict that in 20 years Bitcoin will cost from $10k to $20k. Of course those numbers make sense only if the buying capacity of USD will be the same as it is today.

In short to retire in 20 years you'll need from 100 to 200 BTC.
200 BTC is enough to help live a comfortable life for most people, that amount would be quickly depleted if the person's lifestyle changed to include "lavish spending".


if you are getting older, you will be spending more and more, because of course you will get married and have children.
simple life will help you live better, so 200 BTC really enough, especially the cost of living in my country is not too high Smiley

Yeah absolutely right mate, if we getting older you need more necessary to you and your family. But if make bitcoin as living in my country is sound good because the price of bitcoin is high rather than my currency.

I think when talking about the highest price. bitcoin has the highest price of all currencies in the world.
therefore investment in bitcoin is very good for a future when you have retired, and the possibility that the price could be higher than the current

well said
will price go up in next 20 year sure it will
in that time you might in theory at least must have 10 and that 10 btc might worth 100k or more
you cannon predict price in 20 years only speculate

No one can judge what will be the price of bitcoin after 20 year, and we are also not survive whether it will survive that long time or not, its better to play with bitcoin in short term.
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May 13, 2016, 01:12:37 PM
 #2316

You would need a lot of bitcoins for sure without any doubts, I think its not possible also because the bitcoin would need to increase a lot to succeed with this, even with a high amount of bitcoins.
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May 13, 2016, 07:54:24 PM
 #2317

Many people in this thread, including me, predict that in 20 years Bitcoin will cost from $10k to $20k. Of course those numbers make sense only if the buying capacity of USD will be the same as it is today.

In short to retire in 20 years you'll need from 100 to 200 BTC.

If you look at the price of the coin now you will need allot of coins to retire in 20 years. But you can
be lucky if the price of the coin is rising that much maybe it takes less then 20 years.
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May 13, 2016, 10:40:46 PM
 #2318

Let us say I want to buy bitcoins today and store them for 20 years to use 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?
That is incredibly hard to determine. This is because the price may rise substantially or BTC overall, may become worthless.

Personally, I would probably stick to 5 - 10 Bitcoin. I believe that this is a good range to buy up to.  Smiley
because the price is still very unclear in the future or 20 years to come? then you can only guess at what price will come next mate? then you can have our own target? how much wealth the right to be called a comfortable life in your country?
the amount of bitcoin depends on your want Cheesy
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May 14, 2016, 01:03:39 AM
 #2319

Let us say I want to buy bitcoins today and store them for 20 years to use 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?
That is incredibly hard to determine. This is because the price may rise substantially or BTC overall, may become worthless.

Personally, I would probably stick to 5 - 10 Bitcoin. I believe that this is a good range to buy up to.  Smiley
because the price is still very unclear in the future or 20 years to come? then you can only guess at what price will come next mate? then you can have our own target? how much wealth the right to be called a comfortable life in your country?
the amount of bitcoin depends on your want Cheesy


Yeah you are right, and we don't know how much the inflation in the next 20 yeear, because it's really important for knowing how many bitcoins we need on that day.
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May 14, 2016, 05:33:08 AM
 #2320

1000btc,  thats the btc i wish to have someday. I dreamed of that btc when i entered into bitcoin business.

yeah nice joke.
let's calculate how much your bitcoin have today, and how much you can earn bitcoin perday.

i think 1000btc is very high amount

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