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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320304 times)
uname
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July 01, 2016, 11:30:10 PM
 #2701

I believe the number of bitcoin should be around 100-300 bitcoins should be enough for sure to retire believing that the price will hit soon the  800 dollars .But to have such amount nowadays only buying on investing with some kind of project.
I think the price of bitcoin in the future will exceed $ 800. so maybe you could earn more if you could collect 100-300 BTC

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July 02, 2016, 12:03:58 AM
 #2702

With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.
I thought it was too big. I'm sure you will not be able to collect bitcoin much. although in 20 years. so better to use targets that may occur dude ? it will be better
it's really hard to get that much. if you are just a player. but if you are a businessman, as has the biggest gambling sites or exchanger sites also trading sites. I'm sure it's easy to make bitcoin 10000 in 20 years.
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July 02, 2016, 01:33:11 AM
 #2703

It's too hard to say now what they will be worth in 20 years. I think you should diversify in several types of investments, not just bitcoins. Maybe try to get 10 bitcoins, but put some money in stock, bonds, and gold as well.

 
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July 02, 2016, 03:07:39 AM
 #2704

With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.
I thought it was too big. I'm sure you will not be able to collect bitcoin much. although in 20 years. so better to use targets that may occur dude ? it will be better
it's really hard to get that much. if you are just a player. but if you are a businessman, as has the biggest gambling sites or exchanger sites also trading sites. I'm sure it's easy to make bitcoin 10000 in 20 years.

I agree with you. The problem is how to earn that many bitcoins for retire to the next 20 years. 10000 bitcoin are so many though, but if you are a rich man, you can easily buy bitcoin and no need to earn it.
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July 02, 2016, 03:20:46 AM
 #2705

For me 100 bitcoins is enough amount to have a mid class life when you retire. And it's better if you use at least 10 or 15 bitcoin from that 100 to be a capital to be able to start running your own business because business is one of the best way to continue making money and in business also you controlled your time and you are the boss Grin.
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July 02, 2016, 03:39:34 AM
 #2706

Maybe in 20 years they developed something else for paying.

]
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July 02, 2016, 07:57:22 AM
 #2707

If it's for your retirement after 20 years I would not recommend to you buying bitcoins right now. We do not know if bitcoins is still there 20 years after. But if you are really willing to buy 1 to 5 btc will do, but you should not leave it alone. You should monitor the market and don't let your btc sleep in your wallet just to be sure that after twenty years of bitcoin activity you have sufficient funds for your retirement.
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July 02, 2016, 07:59:46 AM
 #2708

If it's for your retirement after 20 years I would not recommend to you buying bitcoins right now. We do not know if bitcoins is still there 20 years after. But if you are really willing to buy 1 to 5 btc will do, but you should not leave it alone. You should monitor the market and don't let your btc sleep in your wallet just to be sure that after twenty years of bitcoin activity you have sufficient funds for your retirement.
No one is sure with the future of bitcoins but at least we live on what we believe to achieve, the amount you put in terms of BTC on your retirement will determine how much you trust bitcoin in the future as you gamble for it.

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July 02, 2016, 10:13:42 AM
 #2709

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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.
I think he did not explained and may have some some other intentions behind it. May be he wanted the OP to invest some money and hence making some profit throughout his life.
You think Zhan21 is being real? See the smiley he put after putting the 1 bitcoin he posts, he's not even serious about his answer. Putting answer without explaining how you get it is just spam.
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July 02, 2016, 05:06:34 PM
 #2710

If it's for your retirement after 20 years I would not recommend to you buying bitcoins right now. We do not know if bitcoins is still there 20 years after. But if you are really willing to buy 1 to 5 btc will do, but you should not leave it alone. You should monitor the market and don't let your btc sleep in your wallet just to be sure that after twenty years of bitcoin activity you have sufficient funds for your retirement.
No one is sure with the future of bitcoins but at least we live on what we believe to achieve, the amount you put in terms of BTC on your retirement will determine how much you trust bitcoin in the future as you gamble for it.

It would be unwise to invest all your money into bitcoin hoping it will flourish some day. I did invest around 10% of my funds into bitcoin, and honestly all that i get back i consider as a bonus.
Because bitcoin is the same as venture capital, The amount of risk vs reward can be compared with gambling and thus I wrote it off.
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July 02, 2016, 05:11:33 PM
 #2711

1 BITCOIN Grin

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.
I think he did not explained and may have some some other intentions behind it. May be he wanted the OP to invest some money and hence making some profit throughout his life.
You think Zhan21 is being real? See the smiley he put after putting the 1 bitcoin he posts, he's not even serious about his answer. Putting answer without explaining how you get it is just spam.

After 20 years 1 bitcoin will definitely not help you in getting rich or having good retired life as its difficult to imagine price reaching to the moon, at least we need 50 bitcoins to have a good life.
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July 02, 2016, 07:49:15 PM
 #2712

1 BITCOIN Grin

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.
I think he did not explained and may have some some other intentions behind it. May be he wanted the OP to invest some money and hence making some profit throughout his life.
You think Zhan21 is being real? See the smiley he put after putting the 1 bitcoin he posts, he's not even serious about his answer. Putting answer without explaining how you get it is just spam.

After 20 years 1 bitcoin will definitely not help you in getting rich or having good retired life as its difficult to imagine price reaching to the moon, at least we need 50 bitcoins to have a good life.

I suppose you are right. Bitcoin has a great potential but the time for millionaires is over. I don't see investing in bitcoin making you a millionaire now.
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July 02, 2016, 08:14:54 PM
 #2713

My advice is get bitcoin as much as you can. You never know what bitcoin will be worth in 20 years or so.
So, it's best to get as much as you can get and just hold for now, don't spend it until you're going to retire.
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July 02, 2016, 08:49:48 PM
 #2714

My advice is get bitcoin as much as you can. You never know what bitcoin will be worth in 20 years or so.
So, it's best to get as much as you can get and just hold for now, don't spend it until you're going to retire.

Its not good to hold our coins for next 20 years, if you want to earn profits from it then buying and selling should be done on regular basis, higher price will give you profits and lower price will give buying opportunity.
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July 02, 2016, 10:31:50 PM
 #2715

I would say 50 bitcoins! In 20 years it will be around 10k and 500 grand is enough to retire imo

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July 02, 2016, 10:47:18 PM
 #2716

My advice is get bitcoin as much as you can. You never know what bitcoin will be worth in 20 years or so.
So, it's best to get as much as you can get and just hold for now, don't spend it until you're going to retire.
well it is always best to get as much bitcoins as possible in my opinion because in this way you can be much more richer in my opinion, i think it is really easily to buy some bitcoins now

in my opinion you would need something like 50 bitcoins, you will surely be able to retire then i think, you need a lot of fiat in order to be able to retire and 50 bitcoins might be enough by that time

 
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July 02, 2016, 10:57:22 PM
 #2717

With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.
Lol even if you live in a country that requires a high cost of living though. 10k bitcoin will be difficult to get dude
bitcoin prices maybe in 20 years will worth about $1000-$2000. so whatever your country seems 100-1000 BTC enough to pay for your life and live comfortably
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July 02, 2016, 11:00:59 PM
 #2718

With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.
Lol even if you live in a country that requires a high cost of living though. 10k bitcoin will be difficult to get dude
bitcoin prices maybe in 20 years will worth about $1000-$2000. so whatever your country seems 100-1000 BTC enough to pay for your life and live comfortably

100 btc is more then enough to majority of us, and even if I am holding 50 btc then I would be much more satisfied as cost of living is not too high in my country, I can live luxury life with 50 btc.
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July 03, 2016, 03:45:26 AM
 #2719

With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.
Lol even if you live in a country that requires a high cost of living though. 10k bitcoin will be difficult to get dude
bitcoin prices maybe in 20 years will worth about $1000-$2000. so whatever your country seems 100-1000 BTC enough to pay for your life and live comfortably

100 btc is more then enough to majority of us, and even if I am holding 50 btc then I would be much more satisfied as cost of living is not too high in my country, I can live luxury life with 50 btc.
Even me, I would already feel blessed to have that amount and I believe it would be possible for me to hit that amount as long as I will not stop saving and investing with bitcoins, time will tell and I wanna ride with the success as bitcoins grow.

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July 03, 2016, 05:42:46 AM
 #2720

I would say 50 bitcoins! In 20 years it will be around 10k and 500 grand is enough to retire imo
in fact if you want to be rich or running a business, you need to set up 100 more BTC at the time. but it all depends on the price of bitcoin, maybe if the price of bitcoin to $ 1000, maybe you need more than 100 BTC, however, is currently very difficult to hold bitcoin, so I suggested to create a business that can generate a lot of bitcoin and can make you collect bitcoin at this time, so by the time the next 20 years, you might have 100 or more BTC.

.SUGAR.
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