Mr. Big
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While my guitar gently weeps!!!
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July 20, 2016, 05:31:07 AM |
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You must have 3000 bitcoin to get retire that is enough for your retirement you can make business gor your daily income do shopping and make deposit to your bank account. Do some vacation that you will never do when the time get you busy for bitcoim. And buy a car for you have to ride it free .
That's enough, 3000 bitcoin is effin' big...Which I think might not be possible to accumulate if you would just start this days..Even if you have to purchase 1 bitcoin a month, in 20 years that would just be around 240+...You have to earn more than double in your day time job, extra jobs, investments and your business to buy 3000 bitcoin... |
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AlphaSun
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July 20, 2016, 09:16:07 AM |
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100 is enough...
I think the bitcoin will be worth between $100,000 to $500,000 each in 20 years, so you need 2 to 10 bitcoins. |
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lienfaye
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July 20, 2016, 01:11:20 PM |
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100 is enough...
The value of bitcoin can change in the future and 100 btc from that time might be a very huge amount. for me 50 btc would be fine to retire in 20 years. we predict for a far event to happen so let us see when that time comes. |
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mirakal
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July 20, 2016, 01:45:02 PM |
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100 is enough...
The value of bitcoin can change in the future and 100 btc from that time might be a very huge amount. for me 50 btc would be fine to retire in 20 years. we predict for a far event to happen so let us see when that time comes. I can live with 10 BTC in the future as I am too optimistic with the price, and besides I would not rely only my future with bitcoins as I have a different savings and investment outside crypto world. |
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BeGoods
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July 21, 2016, 01:21:00 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?
i think that you need to have like 3 bitcoins as i am sure that their price will be large in future so you will have enough money to live well if you will sell these bitcoins It depends on the price of the bitcoin. I think the bitcoin could rise 40% a year on average in the next 20 years. yeah of course it depends on the price in 20 years to come certainly to perform a calculation of how bitcoin should you collect you must know the price of that happened. therefore you have to predict the price in 20 years later and started to collect bitcoin |
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Schuyler
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July 21, 2016, 01:38:26 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?
i think that you need to have like 3 bitcoins as i am sure that their price will be large in future so you will have enough money to live well if you will sell these bitcoins It depends on the price of the bitcoin. I think the bitcoin could rise 40% a year on average in the next 20 years. yeah of course it depends on the price in 20 years to come certainly to perform a calculation of how bitcoin should you collect you must know the price of that happened. therefore you have to predict the price in 20 years later and started to collect bitcoin And your lifestyle will also dictate how much you will be needing. If you just plan on living off your bitcoin, and you have no other source if income, you would really need a lot of bitcoins. And you must also consider at what price bitcoin will be in the coming years. Life is full of uncertainties and we should not put all our eggs in one basket, so better diversify in order to avoid being poor in your retirement years. |
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Cast12
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July 21, 2016, 01:45:18 AM |
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The next 20 years is really long long time. I think you need at least 300-1000 bitcoins or even more to retire in the next 20 years, but for now you can earn bitcoins for next 20 years.
Even 300 bitcoin would be fine as when the bitcoin will increase as time pass by then the value of what you are holding will be enough to live a decent life. Just remember that bitcoin is volatile and the price could drop or rise at any time. So you may need less bitcoin or more bitcoin depending on the price. |
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Xenophoto
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July 21, 2016, 02:06:11 AM |
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We can't actually say the exact amount of bitcoins that you're gonna be needing because 20 years is such a long time. Bitcoin's price would be really different from what it is now. The cost of living would also be different. In 20 years, you might even have a medical condition or something like that that makes you pay a lot of money. Regardless of all these things, you should get as much bitcoins as you could just to make sure that you would be able to retire in 20 years.
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mirakal
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July 21, 2016, 03:08:56 AM |
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The next 20 years is really long long time. I think you need at least 300-1000 bitcoins or even more to retire in the next 20 years, but for now you can earn bitcoins for next 20 years.
Even 300 bitcoin would be fine as when the bitcoin will increase as time pass by then the value of what you are holding will be enough to live a decent life. Just remember that bitcoin is volatile and the price could drop or rise at any time. So you may need less bitcoin or more bitcoin depending on the price. It's volatile but the trend is increasing that matters, we should always think of the future when investing because that is why we are investing now so we can benefit in the future. The volatility of bitcoins is still good for the day traders as they can make money from it consistently. |
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escrowboy
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July 21, 2016, 07:27:37 AM |
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The next 20 years is really long long time. I think you need at least 300-1000 bitcoins or even more to retire in the next 20 years, but for now you can earn bitcoins for next 20 years.
Even 300 bitcoin would be fine as when the bitcoin will increase as time pass by then the value of what you are holding will be enough to live a decent life. Just remember that bitcoin is volatile and the price could drop or rise at any time. So you may need less bitcoin or more bitcoin depending on the price. It's volatile but the trend is increasing that matters, we should always think of the future when investing because that is why we are investing now so we can benefit in the future. The volatility of bitcoins is still good for the day traders as they can make money from it consistently. Volatility will never be remove in this coins since we only have limited supply of it. ANd the good thing is eventhough it is volatile, it remain it's behavior being a deflating currency. |
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Mr. Big
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While my guitar gently weeps!!!
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July 21, 2016, 08:48:17 AM |
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We can't actually say the exact amount of bitcoins that you're gonna be needing because 20 years is such a long time. Bitcoin's price would be really different from what it is now. The cost of living would also be different. In 20 years, you might even have a medical condition or something like that that makes you pay a lot of money. Regardless of all these things, you should get as much bitcoins as you could just to make sure that you would be able to retire in 20 years.
Well, that's true, with your statement, I could say that it would be better if would collect as much as we can collect before we retire after 20 years.. The more you have, the lesser the chance that you will get poor or getting killed because of disease because you can afford the cost of hospitalization in the future if you have saved a lot... |
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sishendaoye
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July 21, 2016, 08:59:05 AM |
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Not sure on how many Bitcoin you need to retire in 20 years because it is also going to depend on how much the Bitcoin is worth at that point.
Just try to earn as many Bitcoin as possible then you will be fine and have no regrets.
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noormcs5
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July 21, 2016, 11:36:13 AM |
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No one can say the exact amount of bitcoin which we need it after 20 years, when we retire from our good job and also from our good health, than of course in that time, we need a big amount. So if we refer to save the fiat currency into bitcoins, so it is really good idea, because passing the time bitcoin value will be increased, But i think less than 20 Bitcoins is enough amount to save for your retire life.
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Ziskinberg
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July 21, 2016, 12:21:39 PM |
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No one can say the exact amount of bitcoin which we need it after 20 years, when we retire from our good job and also from our good health, than of course in that time, we need a big amount. So if we refer to save the fiat currency into bitcoins, so it is really good idea, because passing the time bitcoin value will be increased, But i think less than 20 Bitcoins is enough amount to save for your retire life.
Well, since we don't know the future we can never tell what will happen in the future, at current we are living with our prediction about bitcoins and investing in bitcoin and treating it as our retirement money in the future would mean a big faith in this digital currency. I salute those people who are doing this as they deserved to be rewarded when they retired. |
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anthonydar
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July 23, 2016, 04:50:18 PM |
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No one can say the exact amount of bitcoin which we need it after 20 years, when we retire from our good job and also from our good health, than of course in that time, we need a big amount. So if we refer to save the fiat currency into bitcoins, so it is really good idea, because passing the time bitcoin value will be increased, But i think less than 20 Bitcoins is enough amount to save for your retire life.
Well, since we don't know the future we can never tell what will happen in the future, at current we are living with our prediction about bitcoins and investing in bitcoin and treating it as our retirement money in the future would mean a big faith in this digital currency. I salute those people who are doing this as they deserved to be rewarded when they retired. If some of us were brave enough when we knew the bitcoin 5 years ago and bought some, we would be rich. |
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picolo
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July 23, 2016, 05:00:28 PM |
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I would estimate that you need 10 bitcoins in 20 years to be able to retire and live well in one of the top 20 richest countries when you retire without any other income.
Living well means being able to pay all your bills for you and your spouse plus have a decent budget for entertainment and traveling and be in the top 20% richest of the population
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pearnapple
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July 23, 2016, 05:06:22 PM |
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Not sure on how many Bitcoin you need to retire in 20 years because it is also going to depend on how much the Bitcoin is worth at that point.
Just try to earn as many Bitcoin as possible then you will be fine and have no regrets.
i think the price is going to go up a lot in the near future, in my opinion it should be enough of something like 30 bitcoins or so |
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bitcoinisfurture
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July 23, 2016, 05:52:10 PM |
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Quite an subjective question where all answers would be treated as correct  . The answer could range from 1 coin, to 1 million coins, to no amount of coins. Even the country may ban btc or it may just not be useful after 20 years. |
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peta4e
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July 23, 2016, 06:02:21 PM |
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Quite an subjective question where all answers would be treated as correct . The answer could range from 1 coin, to 1 million coins, to no amount of coins. Even the country may ban btc or it may just not be useful after 20 years. [ That's true and it will also depend on what price it will depend on the price of bitcoin so even 10 btc can take care of us or even 100 btc will not be enough. |
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