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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320306 times)
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August 16, 2016, 02:54:11 PM
 #2981

   For 20 years from now is very hard to say, I'm very confused when I think about bitcoin future. Literally anything can happen, and bitcoins can worth a fortune like many people say it will. In that case even with couple coins, or maybe 10, 20 coins you will have good money in your bank account.
   Scenario where bitcoin price stay the same like now, or go down you will need 100 or more. Answer on this question depends from country you live in. Somewhere 50 000 dollars are enough, on some places 500 000 $ is little,  people have different thinking about their retirement.
yeah, we do not know what the price of the bitcoin is going to be though i think we might need something like 2000 btc in order to live a decent life

 
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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August 16, 2016, 03:01:01 PM
 #2982

   For 20 years from now is very hard to say, I'm very confused when I think about bitcoin future. Literally anything can happen, and bitcoins can worth a fortune like many people say it will. In that case even with couple coins, or maybe 10, 20 coins you will have good money in your bank account.
   Scenario where bitcoin price stay the same like now, or go down you will need 100 or more. Answer on this question depends from country you live in. Somewhere 50 000 dollars are enough, on some places 500 000 $ is little,  people have different thinking about their retirement.
yeah, we do not know what the price of the bitcoin is going to be though i think we might need something like 2000 btc in order to live a decent life
price next 20 years should no longer be under $1k, most likely when the bitcoin depleted mined, the price will increase and a minimum of $2k is very good for the future.

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August 16, 2016, 03:04:26 PM
 #2983

10 to 50 btc is enough to retire for your future or to start a business to your own.. so that your family will be live well in the future..
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August 16, 2016, 05:53:49 PM
 #2984

10 to 50 btc is enough to retire for your future or to start a business to your own.. so that your family will be live well in the future..

more if you can gather is better you never now what price will be
but if price is good 10 may be more then enough



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August 16, 2016, 07:56:42 PM
 #2985

10 to 50 btc is enough to retire for your future or to start a business to your own.. so that your family will be live well in the future..

more if you can gather is better you never now what price will be
but if price is good 10 may be more then enough


Yeah it will totally depend on the price of bitcoins as if price goes higher then even 10 btc is more then enough to take care and if not then even 100 btc would not be sufficient.


 
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August 16, 2016, 08:58:08 PM
 #2986

100 bitcoins is enough for my retire in 20 years later . If we account bitcoin prise for today for 100 bitcoins it is not enough for to retire but 20 years later it will  change and bitcoin price will be good and it will be enough for me for retire.
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August 16, 2016, 09:12:37 PM
 #2987

100 bitcoins is enough for my retire in 20 years later . If we account bitcoin prise for today for 100 bitcoins it is not enough for to retire but 20 years later it will  change and bitcoin price will be good and it will be enough for me for retire.
Even at a price of $ 600 hundred bitcoin is still not very good amount. But if you raise to 1k then it is substantial revenues. And after 20 years, the situation may change not for the better.
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August 17, 2016, 07:05:28 AM
 #2988

What makes you think that 1 btc will cost a million in 20 years?
And why would you save for retirement when a car can hit you today or something else happens to you? You should live your life like there won't be tomorrow. You need money mostly when you're young and your life is at it's peak, not when you're old.
Also, doing nothing when you're old is a pretty bad idea. You should always have some goals to achieve and risks to take or your life will become too boring and you would literary die of boredom. You should never live with the idea that your life is complete, you're settled and you can rest and retire for good. You will retire and rest when you're dead.
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August 17, 2016, 07:20:53 AM
 #2989

100 bitcoins is enough for my retire in 20 years later . If we account bitcoin prise for today for 100 bitcoins it is not enough for to retire but 20 years later it will  change and bitcoin price will be good and it will be enough for me for retire.

Its very easy to say that 100 bitcoins will be enough, but we all know that how hard is to earn even a small amount of bitcoins and I am sure there will be many users who still won't have 1 full btc in their wallet.
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August 17, 2016, 03:06:51 PM
 #2990

100 bitcoins is enough for my retire in 20 years later . If we account bitcoin prise for today for 100 bitcoins it is not enough for to retire but 20 years later it will  change and bitcoin price will be good and it will be enough for me for retire.

Its very easy to say that 100 bitcoins will be enough, but we all know that how hard is to earn even a small amount of bitcoins and I am sure there will be many users who still won't have 1 full btc in their wallet.

In 20 years, the bitcoin price will be between $100,000 to 500,000. So with 100 bitcoins, you will have good life.
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August 17, 2016, 03:54:33 PM
 #2991

100 bitcoins is enough for my retire in 20 years later . If we account bitcoin prise for today for 100 bitcoins it is not enough for to retire but 20 years later it will  change and bitcoin price will be good and it will be enough for me for retire.

Its very easy to say that 100 bitcoins will be enough, but we all know that how hard is to earn even a small amount of bitcoins and I am sure there will be many users who still won't have 1 full btc in their wallet.

In 20 years, the bitcoin price will be between $100,000 to 500,000. So with 100 bitcoins, you will have good life.

to me that doesn't make any sense. there is no guarantee whether or not bitcoin will be worth a lot, or ends up being obsolete and barely worth anything. we can't even accurately look at what will happen in the coming months, let alone many years.... so tell me, how are you so sure of that?
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August 17, 2016, 04:18:43 PM
 #2992

who in this planet earth is sure that bitcoin will live for 20 years more ? technology is moving forward fast and maybe super computers that can break bitcoin appear before those 20 years
There are some possibilities that bitcoin will be upgraded and next currency becomes news version of current bitcoin.
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August 18, 2016, 08:04:25 AM
 #2993

100 bitcoins is enough for my retire in 20 years later . If we account bitcoin prise for today for 100 bitcoins it is not enough for to retire but 20 years later it will  change and bitcoin price will be good and it will be enough for me for retire.

Its very easy to say that 100 bitcoins will be enough, but we all know that how hard is to earn even a small amount of bitcoins and I am sure there will be many users who still won't have 1 full btc in their wallet.

In 20 years, the bitcoin price will be between $100,000 to 500,000. So with 100 bitcoins, you will have good life.

to me that doesn't make any sense. there is no guarantee whether or not bitcoin will be worth a lot, or ends up being obsolete and barely worth anything. we can't even accurately look at what will happen in the coming months, let alone many years.... so tell me, how are you so sure of that?
We cannot determine yet the actual price of bitcoin in the following years as we are just doing our biggest guest now and we bet on it. But one thing I am certain about that the price of bitcoin now is very cheap, I still believe that the future of bitcoin will be bright and will be successful but it is too unrealistic to predict huge increase like $100,000 to $500,000 per BTC even if that is 20 years from now.

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August 18, 2016, 08:30:24 AM
 #2994

100 bitcoins is enough for my retire in 20 years later . If we account bitcoin prise for today for 100 bitcoins it is not enough for to retire but 20 years later it will  change and bitcoin price will be good and it will be enough for me for retire.

Its very easy to say that 100 bitcoins will be enough, but we all know that how hard is to earn even a small amount of bitcoins and I am sure there will be many users who still won't have 1 full btc in their wallet.

In 20 years, the bitcoin price will be between $100,000 to 500,000. So with 100 bitcoins, you will have good life.

Not sure about good life but you'll definitely have enough money to afford yourself to not care about them. And yes, I gree that in 20 years the bitcoin price will be between $100,000 to $500,000. It's only the matter of the Bitcoin adoption.

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August 18, 2016, 08:54:39 AM
 #2995

If I have 1000 BTC I will save it on trezzor and it will save and then I can retire in 20 years well it's a good investments for kids and family, no matters what will be the price just need 1000 BTC to retire.

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August 18, 2016, 04:33:09 PM
 #2996

If I have 1000 BTC I will save it on trezzor and it will save and then I can retire in 20 years well it's a good investments for kids and family, no matters what will be the price just need 1000 BTC to retire.

I do not use the hardware wallet. I just use the bitcion core client to create a wallet and save there. It is also safe.
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August 18, 2016, 05:26:21 PM
 #2997

100 bitcoins is enough for my retire in 20 years later . If we account bitcoin prise for today for 100 bitcoins it is not enough for to retire but 20 years later it will  change and bitcoin price will be good and it will be enough for me for retire.

Its very easy to say that 100 bitcoins will be enough, but we all know that how hard is to earn even a small amount of bitcoins and I am sure there will be many users who still won't have 1 full btc in their wallet.

In 20 years, the bitcoin price will be between $100,000 to 500,000. So with 100 bitcoins, you will have good life.

Not sure about good life but you'll definitely have enough money to afford yourself to not care about them. And yes, I gree that in 20 years the bitcoin price will be between $100,000 to $500,000. It's only the matter of the Bitcoin adoption.

This might be extreme price for bitcoin if you consider the situation of it today.  But well in the future alot of things might happen.  You might be correct or maybe bitcoin is worthless.  So you cannot tell what really is the amount of bitcoin needed when you retire.   But if your reference isjust today, then you will need at least 300 Bitcoin to have a good life when you retire.

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August 18, 2016, 06:09:23 PM
 #2998

Hard question to answer, cause so many different factors making impact on this, it's depends on current bitcoin price and also country where are you live, etc.

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August 18, 2016, 06:15:16 PM
Last edit: August 28, 2016, 02:36:43 AM by thebetsport
 #2999

if i have 500bitcoin in price now in my country is enough to retire
if can , iam still is my job offline bebause can social status in society people in my city
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August 18, 2016, 06:17:44 PM
 #3000

if i have 500bitcoin in price now in my country is enough to retire
Its a huge amount of bitcoin well there is no bad to dream.. for me even 10 btc is enough for me to hold bitcoin because we know the price of bitcoin is unpredictable and i think the price of bitcoin will increase these following year.
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