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jossiel
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June 18, 2016, 11:24:28 AM |
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In 20 years.. if everything goes well.. i guess 3-5 BTC
If the price of bitcoin is going to be $10,000.00 well 3-5 btc is enough I guess so. But for me I'm going to be wise. I would say that I need hundreds of bitcoin or even thousand in able to retire for 20 years. |
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marcuslong
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Activity: 1036
Merit: 1002
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June 18, 2016, 11:36:15 AM |
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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?
For me you would need 100 bitcoin so that in the future if you want to retire and you want to live like a king it is the best amount you to hide for you retirement. But if me, i would hide only 10 bitcoin so that the other bitcoin i use it now, i dont need to wait that time because we dont hold our life so everyday live like theres no tommorrow so that if your day has come you enjoy your money. |
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jossiel
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June 18, 2016, 11:55:51 AM |
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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?
For me you would need 100 bitcoin so that in the future if you want to retire and you want to live like a king it is the best amount you to hide for you retirement. But if me, i would hide only 10 bitcoin so that the other bitcoin i use it now, i dont need to wait that time because we dont hold our life so everyday live like theres no tommorrow so that if your day has come you enjoy your money. That's also my guess that an hundred bitcoin is enough for surviving a retirement for 20 years. But we need to consider the price value of bitcoin for each years or maybe as the day comes. And for sure prices for different years for 20 years is not constant at all. And there is always going to have change. |
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sempak
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June 18, 2016, 11:59:26 AM |
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you need 200 Bitcoin to be able to live happily for 20 years. it is indeed very difficult. but it is a real value that is true today. Do not ever stop to get bitcoin.
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pereira4
Legendary
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Activity: 1610
Merit: 1183
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June 18, 2016, 01:04:39 PM |
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In 20 years.. if everything goes well.. i guess 3-5 BTC
If the price of bitcoin is going to be $10,000.00 well 3-5 btc is enough I guess so. But for me I'm going to be wise. I would say that I need hundreds of bitcoin or even thousand in able to retire for 20 years. $10,000 is nto enough for 3-5 dollars. With 20, it would be $200,000, this can make you retired depending on what country you live in. But in 20 years price will be way higher than $10. I would say we will be at around $100,000 and BTC will become a super-asset like BRK-A. |
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justdimin
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June 18, 2016, 08:47:11 PM |
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After few years bitcoin price maybe $5000 or already replaced by other currency.
It will still depend on the price of bitcoin after 20 years. But if the bitcoin's price will reach to $5000. Maybe you just need only 1000 btc for that years and for sure even you don't work for it. It can suffice your needs for 20 years. I think if bitcoins price is 5000$ as people are suggesting then hardly you need 100 bitcoins for your worry free life. But I will never suggest you to sit idle and just earn with bitcoins, maybe run a new project with bitcoins with the 100 btc. |
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fravia
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June 18, 2016, 11:58:30 PM |
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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?
Buy as many as possible, but not more than you can afford to lose because bitcoin may show predictable changes currently but nobody can predict the future and the changes to the market Evidently the more the better is a good motto to go by though, as i can't see it changing that dramatically, possibly 7-10 bitcoins if you really do want to be well off |
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Ziskinberg
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June 19, 2016, 04:33:05 AM |
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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?
Buy as many as possible, but not more than you can afford to lose because bitcoin may show predictable changes currently but nobody can predict the future and the changes to the market Evidently the more the better is a good motto to go by though, as i can't see it changing that dramatically, possibly 7-10 bitcoins if you really do want to be well off That no. of bitcoins is not that really a good amount if you like having a good life in 20 years. Maybe at least 100 BTC to live a comfortable life after the retirement, we can achieve that with enough discipline on savings. |
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Cyaren
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June 19, 2016, 04:34:15 AM |
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I think that taking into mind that bitcoin prices are probably going to return to its normal value, i.e. $5000 2016 USD in my opinion, and that the fiat currency system is going to collapse, 500 BTC is going to make you wealthy out of your neighborhood.
So get into BTC while you still can at a cheap price.
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hermanhs09
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June 19, 2016, 10:18:34 AM |
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Well, I think 100 BTC is enough, because 1 bitcoin could may go up to over 1 million dollars by the time you retire. Investing in a retirement fund is not a good idea with the fiat currency system in place.
Bitcoin is a much better option.
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Hatuferu
Legendary
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Activity: 1092
Merit: 1000
https://trueflip.io/
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June 19, 2016, 01:06:06 PM |
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Well, I think 100 BTC is enough, because 1 bitcoin could may go up to over 1 million dollars by the time you retire. Investing in a retirement fund is not a good idea with the fiat currency system in place.
Bitcoin is a much better option.
1 million dollar is too unrealistic in my opinion, if that will happen then bitcoin is making a history and it is greater than gold. I do not expect that to happen but if I have 100 BTC, I would be fine even if the price will be only $10,000 when I retire. |
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isen
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June 19, 2016, 01:30:28 PM |
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There is no specific answer in this question
It depends from the country you live,your lifestyle and the bitcoin price ofc
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Dux2K
Legendary
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Activity: 1022
Merit: 1000
Blocklancer - Freelance on the Blockchain
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June 19, 2016, 03:30:39 PM |
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There is no specific answer in this question
It depends from the country you live,your lifestyle and the bitcoin price ofc
Yes country is goid answer for this in mine with 30 you could buy house with current price ans some used car 5 year old |
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randy8777
Legendary
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Activity: 896
Merit: 1000
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June 19, 2016, 03:37:55 PM |
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Well, I think 100 BTC is enough, because 1 bitcoin could may go up to over 1 million dollars by the time you retire. Investing in a retirement fund is not a good idea with the fiat currency system in place.
Bitcoin is a much better option.
not sure where you get the information from that 1 bitcoin can reach a value of $1 million, but it's not going to happen. it's better to set yourself some more realistic price targets. i can see a price of around $10,000 at most, at some point in the far future. if that indeed turns out to happen, then 100btc will be worth $1 million. which is a fantastic amount to retire with. |
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yhansky
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June 19, 2016, 03:41:46 PM |
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There is no specific answer in this question
It depends from the country you live,your lifestyle and the bitcoin price ofc
Yeah youre right, the price of bitcoin is the only main thing for you to save a lot or few btc. If you have save a lot of btc but price is low its worthless,unlike saving some but the price is on the top it would be better. |
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peta4e
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June 19, 2016, 06:17:43 PM |
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There is no specific answer in this question
It depends from the country you live,your lifestyle and the bitcoin price ofc
Yeah youre right, the price of bitcoin is the only main thing for you to save a lot or few btc. If you have save a lot of btc but price is low its worthless,unlike saving some but the price is on the top it would be better. No one is sure what will be the price of bitcoin after 20 years, but it will be always good to have more coins in wallet, so even if price is not too high, still we can expect good and comfortable life. |
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Alley (OP)
Legendary
Offline
Activity: 910
Merit: 1000
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June 19, 2016, 06:39:58 PM |
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Update: I put 10 coins in deep cold storage. Cryptosteel + safety deposit box. I hope for $50,000 per coin in 20 hears for a half million. I will use the rest of my stash over the next couple years to improve my quality of life and will still buy and use bitcoin whenever I can.
I will update again in 20 years.
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bit1
Legendary
Offline
Activity: 938
Merit: 1000
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June 19, 2016, 06:53:25 PM |
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Update: I put 10 coins in deep cold storage. Cryptosteel + safety deposit box. I hope for $50,000 per coin in 20 hears for a half million. I will use the rest of my stash over the next couple years to improve my quality of life and will still buy and use bitcoin whenever I can.
I will update again in 20 years.
Good luck with your plans! |
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torrentheaven
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June 19, 2016, 06:54:27 PM |
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The country I live in I think 50 to 60 btc can really take best care of me in next 20 years, not sure what will be the price but even if its stable on $1k, I can live best life.
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prtty2gal2
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June 19, 2016, 07:20:08 PM |
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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 should buy like 50 bitcoins or 100 bitcoins and I will suggest to invest them in a transparent and profitable bussiness , this way you grow your bitcoins and at the same time you also earn with price increase. |
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