BitMaxz
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Activity: 3248
Merit: 2965
Block halving is coming.
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May 17, 2016, 01:24:12 PM |
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In my opinion if you suppose bitcoin prices continue to increasing and if you consider that you can save every year 3-4 coins then it is enough for you.
I think 3 to 4 btc per year is very less to hold I guess, you need atleast 1 btc per month i.e., 12 btc per annum so that in next 10 years you would be holding 120 btc and that is a good amount to hold. if the bitcoin price stable at $460 like today, i think 0.8btc/month is enough so we need only 9.6btc/year or 192bitcoin for 20years retirement It is not guaranteed that 192 bitcoin is enough for 20 years retirement , because the economy and market goods price are always increasing and there's always a change every year and we can't deny it. I think you should still add more btc. But for me if i had 192 bitcoins in ,y pocket for 20 years retirement its enough for me.. its a lots of money if you convert it into fiat.. and i think im a millionaire even i sell it right now.. and i can start a new business online.. it will valueable if i sell it after block halving once we hit the price of 700-900 value.. |
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MaxTax
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May 17, 2016, 01:28:33 PM |
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You really need a lot of bitcoins to do this and I think it will be a number over the 200 bitcoins, but I also think this can of course not be predicted because if the price will go to a higher amount you would need less more.
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Dux2K
Legendary
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Activity: 1022
Merit: 1000
Blocklancer - Freelance on the Blockchain
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May 17, 2016, 01:55:59 PM |
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You really need a lot of bitcoins to do this and I think it will be a number over the 200 bitcoins, but I also think this can of course not be predicted because if the price will go to a higher amount you would need less more.
Right for now better is to collect more and then save it It can be like that that some small amount be 100k in $ that would be fine |
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upsidedown75
Legendary
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Activity: 1288
Merit: 1036
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May 17, 2016, 06:59:30 PM |
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In my opinion if you suppose bitcoin prices continue to increasing and if you consider that you can save every year 3-4 coins then it is enough for you.
I think 3 to 4 btc per year is very less to hold I guess, you need atleast 1 btc per month i.e., 12 btc per annum so that in next 10 years you would be holding 120 btc and that is a good amount to hold. if the bitcoin price stable at $460 like today, i think 0.8btc/month is enough so we need only 9.6btc/year or 192bitcoin for 20years retirement It is not guaranteed that 192 bitcoin is enough for 20 years retirement , because the economy and market goods price are always increasing and there's always a change every year and we can't deny it. I think you should still add more btc. I don't think you quite get what OP said. He said that he will 'keep it for 20 years' not '20 years retirement.' And ofcourse, 192btc for 20 years isn't even anywhere comfortable, imagine having a budget of, assuming the price is stable at $450, $86,400 in 20 years. That's just nearly 1 and a half year of an average joe's salary. |
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mrhelpful
Legendary
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Activity: 1456
Merit: 1002
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May 17, 2016, 07:05:11 PM |
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In my opinion if you suppose bitcoin prices continue to increasing and if you consider that you can save every year 3-4 coins then it is enough for you.
I think 3 to 4 btc per year is very less to hold I guess, you need atleast 1 btc per month i.e., 12 btc per annum so that in next 10 years you would be holding 120 btc and that is a good amount to hold. if the bitcoin price stable at $460 like today, i think 0.8btc/month is enough so we need only 9.6btc/year or 192bitcoin for 20years retirement It is not guaranteed that 192 bitcoin is enough for 20 years retirement , because the economy and market goods price are always increasing and there's always a change every year and we can't deny it. I think you should still add more btc. I don't think you quite get what OP said. He said that he will 'keep it for 20 years' not '20 years retirement.' And ofcourse, 192btc for 20 years isn't even anywhere comfortable, imagine having a budget of, assuming the price is stable at $450, $86,400 in 20 years. That's just nearly 1 and a half year of an average joe's salary. Thats no way to live lol. Depends on where that "retirement location" will be. I mean I guess you can retired with average joes salary, but that would mean you dont live in the US, but live in the third world parts of the country that allow $86k to be sufficient elswhere I suppose. |
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randy8777
Legendary
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Activity: 896
Merit: 1000
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May 17, 2016, 08:49:21 PM |
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In my opinion if you suppose bitcoin prices continue to increasing and if you consider that you can save every year 3-4 coins then it is enough for you.
I think 3 to 4 btc per year is very less to hold I guess, you need atleast 1 btc per month i.e., 12 btc per annum so that in next 10 years you would be holding 120 btc and that is a good amount to hold. if the bitcoin price stable at $460 like today, i think 0.8btc/month is enough so we need only 9.6btc/year or 192bitcoin for 20years retirement It is not guaranteed that 192 bitcoin is enough for 20 years retirement , because the economy and market goods price are always increasing and there's always a change every year and we can't deny it. I think you should still add more btc. I don't think you quite get what OP said. He said that he will 'keep it for 20 years' not '20 years retirement.' And ofcourse, 192btc for 20 years isn't even anywhere comfortable, imagine having a budget of, assuming the price is stable at $450, $86,400 in 20 years. That's just nearly 1 and a half year of an average joe's salary. Thats no way to live lol. Depends on where that "retirement location" will be. I mean I guess you can retired with average joes salary, but that would mean you dont live in the US, but live in the third world parts of the country that allow $86k to be sufficient elswhere I suppose. here in western europe $86k won't last you very long, depending on your spending habits of course. here you'll need at least €2000 per month. which means if you want to live from your money 10 years then you'll need to have €240k. if you add another 10 years then you'll need €480k. and then again, €2000 per month isn't even that much. |
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toy4lov3rs
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May 17, 2016, 09:44:22 PM |
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I think I will need around 200 btc to live good life in future, but I know its not easy to earn that amount, but I will keep on trying and put efforts to collect maximum.
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diodio5
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May 17, 2016, 11:32:34 PM |
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1000btc, thats the btc i wish to have someday. I dreamed of that btc when i entered into bitcoin business.
everyone has a big dream. anyone wants to build a business in bitcoin and anyone wanting to get rich from bitcoin. okay to dream. but the most important is a plan to reach all of your dreams? What can you do that? |
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jerelimZ
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May 17, 2016, 11:45:40 PM |
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1000btc, thats the btc i wish to have someday. I dreamed of that btc when i entered into bitcoin business.
everyone has a big dream. anyone wants to build a business in bitcoin and anyone wanting to get rich from bitcoin. okay to dream. but the most important is a plan to reach all of your dreams? What can you do that? Everyone is using random number here, we need to be more realistic, speak what you are capable to achieve how can anyone would hold 1000 btc in future? |
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relq
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May 18, 2016, 12:54:25 AM |
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1000btc, thats the btc i wish to have someday. I dreamed of that btc when i entered into bitcoin business.
everyone has a big dream. anyone wants to build a business in bitcoin and anyone wanting to get rich from bitcoin. okay to dream. but the most important is a plan to reach all of your dreams? What can you do that? Everyone is using random number here, we need to be more realistic, speak what you are capable to achieve how can anyone would hold 1000 btc in future? Well, it's depend on the price of bitcoin though. If the price for bitcoin is really small someday, i'm sure someone can hold 1000 bitcoin in the future. |
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btcjoin14
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May 18, 2016, 01:06:06 AM |
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10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.
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CrimBit
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May 18, 2016, 01:45:36 AM |
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10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.
also it's depends on your style of life. if you glamour, extravagant etc. you need 10BTC/month so for 20years you need arround 2400BTC  |
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arwin100
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May 18, 2016, 02:11:18 AM |
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10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.
also it's depends on your style of life. if you glamour, extravagant etc. you need 10BTC/month so for 20years you need arround 2400BTC Agreeed really depends on what lifestyle you want if you get retired and if your aiming for luxuries life well you must need 1000btc and by that you can have a safety retirement but i dont think saving in bitcoin walllet is good idea for saving your retirement money, chances of losing money when wallet provider will close down their site, but really big amount of btc can really help you and all depends on how you spend it when it is in your hand. |
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StarofBTC
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May 18, 2016, 02:54:32 AM |
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I think I will need around 200 btc to live good life in future, but I know its not easy to earn that amount, but I will keep on trying and put efforts to collect maximum.
You can say that 200 btc will be enough for you in future. but it can't. because you don't know what will be bitcoin price in future. it may go up or may go down also. so you can't predict about 20 years later right now. may be bitcoin price to to the price of 1$ per bitcoin. then? this is like gambling. you can buy 200 btc for future and take that risk. you may get lots of profit that time and may lost all your money also. |
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pooya87
Legendary
Offline
Activity: 3444
Merit: 10555
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May 18, 2016, 03:14:51 AM |
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I think I will need around 200 btc to live good life in future, but I know its not easy to earn that amount, but I will keep on trying and put efforts to collect maximum.
You can say that 200 btc will be enough for you in future. but it can't. because you don't know what will be bitcoin price in future. it may go up or may go down also. so you can't predict about 20 years later right now. may be bitcoin price to to the price of 1$ per bitcoin. then? this is like gambling. you can buy 200 btc for future and take that risk. you may get lots of profit that time and may lost all your money also. that is why it is always better to diversify. it is never a good idea to just put all your eggs in one basket and then sit around and dream about a rich future. you should constantly work and add to the pile and also invest it to multiply the initial amount too. |
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jossiel
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May 18, 2016, 05:24:24 AM |
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10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.
I don't think this is enough, even though there would be a price hike that time and bitcoin would be stable or not that time. Still for me this isn't enough to sustain your daily needs for the next 20 years and the price of goods will not be always the same. |
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Hatuferu
Legendary
Offline
Activity: 1092
Merit: 1000
https://trueflip.io/
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May 18, 2016, 08:55:30 AM |
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10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.
I don't think this is enough, even though there would be a price hike that time and bitcoin would be stable or not that time. Still for me this isn't enough to sustain your daily needs for the next 20 years and the price of goods will not be always the same. I think 100BTC for me is already enough, as you can see the price of the bitcoins is steadily rising so in 20 years the value of each bitcoin might be $10,000, and imagine how much you earn on that exchange rate. I think I am gonna build a mansion if that will happen. |
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sishendaoye
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May 18, 2016, 09:51:55 AM |
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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  It is really hard to know what is going to happen with the value of Bitcoin in the future because it is a currency you also dont even know what will happen and that is the problem. But you have also to know that it can reduce so you need also a lot of coins for backup. Yeah predicting the value of the Bitcoin over 20 years is just impossible to do. You can only speculate about what can happen. I am sure that when we are finally there people will say I never guessed that the value would be this. |
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Doms
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May 18, 2016, 10:33:36 AM |
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10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.
I don't think this is enough, even though there would be a price hike that time and bitcoin would be stable or not that time. Still for me this isn't enough to sustain your daily needs for the next 20 years and the price of goods will not be always the same. I think 100BTC for me is already enough, as you can see the price of the bitcoins is steadily rising so in 20 years the value of each bitcoin might be $10,000, and imagine how much you earn on that exchange rate. I think I am gonna build a mansion if that will happen. That amount might not be enough if you take into consideration how much the cost of living would be 20 years from now. And if you put half of that into building your dream house, you'd only be left with the other half which you should be able to make do for god-knows-how-long you still have to live. |
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CrimBit
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May 18, 2016, 02:34:13 PM |
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10-100 bitcoins can definitely set you up 20 years later. But it all depends on the price fluctuation of bitcoins. I think it will most definitely rise which will in turn lead to your investment rising with it.
also it's depends on your style of life. if you glamour, extravagant etc. you need 10BTC/month so for 20years you need arround 2400BTC Agreeed really depends on what lifestyle you want if you get retired and if your aiming for luxuries life well you must need 1000btc and by that you can have a safety retirement but i dont think saving in bitcoin walllet is good idea for saving your retirement money, chances of losing money when wallet provider will close down their site, but really big amount of btc can really help you and all depends on how you spend it when it is in your hand. also wher you life can make your style diffirent , in asia you can life with $200-$400/month but im not sure in US america you can life with $500month |
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