How many bitcoins do I need to retire in 20 years?

[MTBTT]

1 BITCOIN

That is too optimistic. I think we need at least 10 bitcoin. I reckon the price of each bitcoin will be between 100 to 200k US dollars.

Lol 1 BTC you can obtain them in less than 3 months. whereas you have 20 years to collect bitcoin? I think the least you need a 50-100 BTC. to be able to live comfortably in the future

[1715225526]

1715225526

[1715225526]

1715225526

[vero]

I think if you're young aged between 20-25 years. you can collect more than 500 BTC or maybe 1000 BTC You can collect it within a period of 20 years. then you can retire young and live comfortably at the age of 40 years

If you have right now $300-600,000 of cash available to throw at Bitcoin then I think it's a given that you've already got your retirement sewn up.

what? 300 dollars for the retirement? i doubt that it is the sum of money that would be enough

i think you would need something like 200 bitcoins because the price of the bitcoin is definitely going to grow

I think 200 bitcoins would be enough as long as you have investment all the way, if you would settle on that amount, and due to inflation, we can not estimate how many bitcoins needed in future even bitcoin will have huge values. So, adding some more bitcoins would be safer.

The good thing with bitcoins is the price reacts also based on dollar exchange rate so for me saving in bitcoins would not be affected with inflation. There is only one benefit, the price of bitcoins will increase in a duration of time.

I think bitcoin could have been exposed to inflation although bitcoin digital currency is possible in this world there are only a few investments that can not be eroded by inflation: gold, diamonds, etc.

[gilangIDR]

we need bitcoin in large numbers. at least for one year with reference to the current rates, then we need to live a decent 5 bitcoin. and we need 100 bitcoin to rest for 20 years. an uphill battle to get 100 bitcoin

[Zooplus]

we need bitcoin in large numbers. at least for one year with reference to the current rates, then we need to live a decent 5 bitcoin. and we need 100 bitcoin to rest for 20 years. an uphill battle to get 100 bitcoin

Definitely, the numbers will dictate the real value of bitcoins, if we can attract massive adoption on a yearly basis that would be good as the demand will increase and so the price.

[BTCLovingDude]

we need bitcoin in large numbers. at least for one year with reference to the current rates, then we need to live a decent 5 bitcoin. and we need 100 bitcoin to rest for 20 years. an uphill battle to get 100 bitcoin

yeah, you can set the bottom at $600 and be sure that price will never fall under it in the future (it may go below 600 in short term but not after a year and so on) so you can calculate how much you need based on that for lowest price.

[dezoel]

we need bitcoin in large numbers. at least for one year with reference to the current rates, then we need to live a decent 5 bitcoin. and we need 100 bitcoin to rest for 20 years. an uphill battle to get 100 bitcoin

yeah, you can set the bottom at $600 and be sure that price will never fall under it in the future (it may go below 600 in short term but not after a year and so on) so you can calculate how much you need based on that for lowest price.

I don't think that it will always hold the price of $600, I am expecting that it will fall and stuck at $500, so I think we need to calculate at this price how much  we need in future.

[Dux2K]

we need bitcoin in large numbers. at least for one year with reference to the current rates, then we need to live a decent 5 bitcoin. and we need 100 bitcoin to rest for 20 years. an uphill battle to get 100 bitcoin

100 is good number to retire I would be happy with half cuz in 20 years price could be stable at 2500-3500 range

[escrowboy]

I think if you're young aged between 20-25 years. you can collect more than 500 BTC or maybe 1000 BTC You can collect it within a period of 20 years. then you can retire young and live comfortably at the age of 40 years

If you have right now $300-600,000 of cash available to throw at Bitcoin then I think it's a given that you've already got your retirement sewn up.

what? 300 dollars for the retirement? i doubt that it is the sum of money that would be enough

i think you would need something like 200 bitcoins because the price of the bitcoin is definitely going to grow

I think 200 bitcoins would be enough as long as you have investment all the way, if you would settle on that amount, and due to inflation, we can not estimate how many bitcoins needed in future even bitcoin will have huge values. So, adding some more bitcoins would be safer.

The good thing with bitcoins is the price reacts also based on dollar exchange rate so for me saving in bitcoins would not be affected with inflation. There is only one benefit, the price of bitcoins will increase in a duration of time.

Yeah, that's the big advantage of bitcoin for fiat. if you hold your bitcoin it will give you profit. If you hold your fiat and save it to the bank, it will give you inflation.

[pocarime32]

Buy many as you can.
 
But do not feel too secured if you have lots of bitcoins.  We do not know what will happen in the span of 20 years.  I have faith in bitcoins that its price will still be on the top compare to other cryptocurrency, but we cannot tell.  What if something happens, what if there is no more power supply, what if for some reason government find reason to ban the bitcoins.  Instead of bitcoins, you may want to buy gold and silver.

I agree with you, just buy or earned it as much as you can. Because we don't know in 20 years, how much the price of bitcoin on that year. It's better to have many bitcoins.

[Cyaren]

Buy many as you can.
 
But do not feel too secured if you have lots of bitcoins.  We do not know what will happen in the span of 20 years.  I have faith in bitcoins that its price will still be on the top compare to other cryptocurrency, but we cannot tell.  What if something happens, what if there is no more power supply, what if for some reason government find reason to ban the bitcoins.  Instead of bitcoins, you may want to buy gold and silver.

I agree with you, just buy or earned it as much as you can. Because we don't know in 20 years, how much the price of bitcoin on that year. It's better to have many bitcoins.

Yeah i guess but dont waste all of your money when just saving it alone would be enough to retire you lol, be careful with your money and how you spend it, that's how habits get out of hand easily

Good luck you'll probably need at least 300+ to make sure  that you're in the clear.

[mirakal]

Buy many as you can.
 
But do not feel too secured if you have lots of bitcoins.  We do not know what will happen in the span of 20 years.  I have faith in bitcoins that its price will still be on the top compare to other cryptocurrency, but we cannot tell.  What if something happens, what if there is no more power supply, what if for some reason government find reason to ban the bitcoins.  Instead of bitcoins, you may want to buy gold and silver.

I agree with you, just buy or earned it as much as you can. Because we don't know in 20 years, how much the price of bitcoin on that year. It's better to have many bitcoins.

Yeah i guess but dont waste all of your money when just saving it alone would be enough to retire you lol, be careful with your money and how you spend it, that's how habits get out of hand easily

Good luck you'll probably need at least 300+ to make sure  that you're in the clear.

300+ is good but more that enough for me, considering that price of bitcoins is steady increasing thru time then when that time comes that is already a huge amount to enjoy our retirement.

[freebitcoins4u]

To be safe, get two Bitcoins.

lol i agree with this. in 20 years 2 bitcoin may be worth 2,000,000$ and to me a 2m retirement fund would last if you plan on retiring at 60 and living untill 75 or whatever. specially if you have another income coming in still from ssi or whatever it may be

safe side get 5

if it will peak to 2,000,000$ i`m fine with onl 0.5 btc

[Zooplus]

To be safe, get two Bitcoins.

lol i agree with this. in 20 years 2 bitcoin may be worth 2,000,000$ and to me a 2m retirement fund would last if you plan on retiring at 60 and living untill 75 or whatever. specially if you have another income coming in still from ssi or whatever it may be

safe side get 5

if it will peak to 2,000,000$ i`m fine with onl 0.5 btc

Not gonna happen, that is too unrealistic and you must be dreaming, if that price will be reach then I will be having a problem then, a problem how to spend my money because I have already invested 10BTC as of today.

[Jmild1]

To be safe, get two Bitcoins.

lol i agree with this. in 20 years 2 bitcoin may be worth 2,000,000$ and to me a 2m retirement fund would last if you plan on retiring at 60 and living untill 75 or whatever. specially if you have another income coming in still from ssi or whatever it may be

safe side get 5

if it will peak to 2,000,000$ i`m fine with onl 0.5 btc

Not gonna happen, that is too unrealistic and you must be dreaming, if that price will be reach then I will be having a problem then, a problem how to spend my money because I have already invested 10BTC as of today.

To be able to make atleast 1million per bitcoin we need a huge mass of users soaring the demand on bitcoin. I think we approxiamately need 3/4 of existing population to use bitcoin and that's the time we will see the bitcoin's price to go that high. I think we only have 2-digit million of users using bitcoin, so that's still a long run to happen.

[STT]

Dont think price, think of the market capital of bitcoin.   Just 1000 makes 21 mil coins a market of 21bn total.   I know not everything is circulated but thats the potential

So we take 21bn and divide by 6bn people on earth giving each of them about $5 each  (total pop may be more but excluding babies etc).    So this is feasible, we take bitcoin to 10,000 per coin and its $50 per person.    Thats about the limit for me as a reasonable projection.   50 dollars is in some parts of the world is a months spending money and obviously its never evenly distributed but its reasonable as an idea of even the poorest might want to use bitcoin like this.

Take bitcoin to 100,000 each coin and its $500 per person in the world and thats just not happening, many millions of people never hold this much money in cash.  Their wealth is tied up in their animals or crops not pure cash.   Obviously we have massive hoarders and the whole 1% dynamic where some own billions and others beg for pennies to exist but the largest section of society recognises a reasonable average like this.
 10k per bitcoin is quite feasible over twenty years I think this happens at least and you can retire on it.  The other alternative is bitcoin is not used at all by then

[diodio5]

I think if you're young aged between 20-25 years. you can collect more than 500 BTC or maybe 1000 BTC You can collect it within a period of 20 years. then you can retire young and live comfortably at the age of 40 years

If you have right now $300-600,000 of cash available to throw at Bitcoin then I think it's a given that you've already got your retirement sewn up.

what? 300 dollars for the retirement? i doubt that it is the sum of money that would be enough

i think you would need something like 200 bitcoins because the price of the bitcoin is definitely going to grow

I think 200 bitcoins would be enough as long as you have investment all the way, if you would settle on that amount, and due to inflation, we can not estimate how many bitcoins needed in future even bitcoin will have huge values. So, adding some more bitcoins would be safer.

I think you have to know the exact amount of money for the cost of living comfortably in your country 20 years later you have to predict the price of bitcoin will happen 20 years from now then compare it. so you'll find out how bitcoin should you collect? I think 200 bitcoin is enough

[Piltover]

I think if you're young aged between 20-25 years. you can collect more than 500 BTC or maybe 1000 BTC You can collect it within a period of 20 years. then you can retire young and live comfortably at the age of 40 years

If you have right now $300-600,000 of cash available to throw at Bitcoin then I think it's a given that you've already got your retirement sewn up.

what? 300 dollars for the retirement? i doubt that it is the sum of money that would be enough

i think you would need something like 200 bitcoins because the price of the bitcoin is definitely going to grow

I think 200 bitcoins would be enough as long as you have investment all the way, if you would settle on that amount, and due to inflation, we can not estimate how many bitcoins needed in future even bitcoin will have huge values. So, adding some more bitcoins would be safer.

I think you have to know the exact amount of money for the cost of living comfortably in your country 20 years later you have to predict the price of bitcoin will happen 20 years from now then compare it. so you'll find out how bitcoin should you collect? I think 200 bitcoin is enough

You are right but I think that its honestly not possible to predict how many bitcoins you need to really retire with all this kind of things that are going on.

[groll]

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?

Your idea is very risky. As of now it is not predictable that bitcoin will last up to 20 years since the bitcoin supply is constantly diminishing. But if you are going to do it 1 to 5 bitcoins will do, if it will increase you will be a millionaire after 20 years but if bitcoin is gone then you dont need to worry since you dont have much to lose. But the key to success is to monitor always the fluctuations in bitcoin price to be safe.

[Piltover]

To be safe, get two Bitcoins.

lol i agree with this. in 20 years 2 bitcoin may be worth 2,000,000$ and to me a 2m retirement fund would last if you plan on retiring at 60 and living untill 75 or whatever. specially if you have another income coming in still from ssi or whatever it may be

safe side get 5

if it will peak to 2,000,000$ i`m fine with onl 0.5 btc

Not gonna happen, that is too unrealistic and you must be dreaming, if that price will be reach then I will be having a problem then, a problem how to spend my money because I have already invested 10BTC as of today.

I also think that its a dream if you are thinking this is gonna happen, its just so unrealistic it can just not happen.
The worth of the bitcoin has to be than so high!!

[mirakal]

To be safe, get two Bitcoins.

lol i agree with this. in 20 years 2 bitcoin may be worth 2,000,000$ and to me a 2m retirement fund would last if you plan on retiring at 60 and living untill 75 or whatever. specially if you have another income coming in still from ssi or whatever it may be

safe side get 5

if it will peak to 2,000,000$ i`m fine with onl 0.5 btc

Not gonna happen, that is too unrealistic and you must be dreaming, if that price will be reach then I will be having a problem then, a problem how to spend my money because I have already invested 10BTC as of today.

I also think that its a dream if you are thinking this is gonna happen, its just so unrealistic it can just not happen.
The worth of the bitcoin has to be than so high!!

I think he was just joking with his statement or probably he is new to the community, it's good that we were able to correct him with the right information before he will plan to formally invest with bitcoins.