|
Piladeer
|
 |
August 18, 2016, 06:18:45 PM |
|
I think to survive I would need 1000 bitcoins and not work another day in my life.
To live comfortably then it would be 7400 bitcoins. That would afford me my own paradise and food would not be a problem.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
oceanriver
|
|
August 18, 2016, 08:43:52 PM |
|
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 would also put it into some kind of a cold storage most probably in order to keep it safe, though i doubt it would be enough bitcoins to retire |
|
|
|
|
|
youhgt2
|
|
August 18, 2016, 08:54:12 PM |
|
it depending on the price of bitcoin, it the price of bitcoin and also on your need and expenses, for some people one bitcoin will be enough for the whole month, while other people will need more that 5 bitcoin per month for their expenses,
|
|
|
|
|
|
dhampir-D
|
|
August 19, 2016, 08:56:41 PM |
|
Something around 25 should be enough. But it depends on many factors, such as the country and the costs of living in it.
|
|
|
|
|
|
DimidoffVany
|
|
August 19, 2016, 10:31:39 PM |
|
Something around 25 should be enough. But it depends on many factors, such as the country and the costs of living in it.
No one could predict the price jump down this summer on bitcoin. For many users, this negatively affected which gave them the opportunity to sell their bitcoin not to lose everything. But the course stopped after falling by 100 positions. Now everything is back. And as such, or similar to another 20 years? Who can say? This question is wrong. |
|
|
|
|
BitMaxz
Legendary
 Offline
Activity: 3248
Merit: 2965
Block halving is coming.
|
|
August 19, 2016, 10:52:45 PM
Last edit: August 21, 2016, 01:21:11 AM by BitMaxz |
|
Something around 25 should be enough. But it depends on many factors, such as the country and the costs of living in it.
No one could predict the price jump down this summer on bitcoin. For many users, this negatively affected which gave them the opportunity to sell their bitcoin not to lose everything. But the course stopped after falling by 100 positions. Now everything is back. And as such, or similar to another 20 years? Who can say? This question is wrong. Think possitive bitcoin is growing daily and i think the price of bitcoin will increase more after 20 years so 20 to 50 is enough to hold your bitcoins and start your own business online or locally business is the success to have a passive income or to increase the amount of your bitcoins.. |
|
|
|
mirakal
Legendary
Offline
Activity: 3122
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
|
|
August 20, 2016, 02:17:58 AM |
|
Something around 25 should be enough. But it depends on many factors, such as the country and the costs of living in it.
No one could predict the price jump down this summer on bitcoin. For many users, this negatively affected which gave them the opportunity to sell their bitcoin not to lose everything. But the course stopped after falling by 100 positions. Now everything is back. And as such, or similar to another 20 years? Who can say? This question is wrong. Regardless of the regular fluctuation of the price of bitcoin as long as we can see a good increase of price for the next 20 years I am confident we can make good profit when investing now, the only question is how much are we willing to invest and wait for a long period of time to see the result. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
|
ImHacked
|
|
August 20, 2016, 03:23:52 AM |
|
We cannot predict that as we know that bitcoin price has always been changing. What if after 20 years bitcoin is no longer valuable or existing anymore. Or what if its price subside and you needed like a thousand bitcoin to ensure your retirement. But what if we only need just only one bitcoin to secure our retirement. So better to save as much bitcoin as you can have. Time will tell.
|
|
|
|
|
Zooplus
Legendary
Offline
Activity: 1106
Merit: 1000
|
|
August 20, 2016, 05:25:56 AM |
|
We cannot predict that as we know that bitcoin price has always been changing. What if after 20 years bitcoin is no longer valuable or existing anymore. Or what if its price subside and you needed like a thousand bitcoin to ensure your retirement. But what if we only need just only one bitcoin to secure our retirement. So better to save as much bitcoin as you can have. Time will tell.
That is the worst thing to happen and I am pretty sure no one wants that to happen but why think of that when we are all expecting to see a good price in the future, for me I am optimistic that the price will rise after 20 years and it could double or triple the current price now. |
|
|
|
|
Mr. Big
Member
Global Moderator
Legendary
Offline
Activity: 2310
Merit: 1176
While my guitar gently weeps!!!
|
|
August 20, 2016, 05:48:33 AM |
|
We cannot predict that as we know that bitcoin price has always been changing. What if after 20 years bitcoin is no longer valuable or existing anymore. Or what if its price subside and you needed like a thousand bitcoin to ensure your retirement. But what if we only need just only one bitcoin to secure our retirement. So better to save as much bitcoin as you can have. Time will tell.
That is why aside from your insurances in fiat and savings, what we need is a steady source of bitcoin and not a fix number of bitcoin... That way, there is no need to worry much about retirement if we still want bitcoin when we get old...  |
|
|
|
|
sana54210
Legendary
Offline
Activity: 3192
Merit: 1128
|
|
August 20, 2016, 07:26:45 AM |
|
We cannot predict that as we know that bitcoin price has always been changing. What if after 20 years bitcoin is no longer valuable or existing anymore. Or what if its price subside and you needed like a thousand bitcoin to ensure your retirement. But what if we only need just only one bitcoin to secure our retirement. So better to save as much bitcoin as you can have. Time will tell.
It depends on how much money you want to retire on but the best way would be getting a lifetime investment option with bitcoins you have. Some websites close and say they got “hacked” and some places keeps going strong for like 5-6 years now. Evaluate your options well and invest your bitcoins to somewhere. Or better yet just put away certain amount of fiat to buy bitcoin with every month for 20 years and I am sure you will be a rich man in 20 years time. |
|
|
|
|
dmarine
Member
Offline
Activity: 70
Merit: 10
|
|
August 20, 2016, 08:00:37 AM |
|
In 20 years, I think 30 BTC may be enough for retirement, if the currency continue with a good level of appreciation and adoption, of course.
|
|
|
|
|
|
tampazeus
|
|
August 20, 2016, 08:28:33 AM |
|
We cannot predict that as we know that bitcoin price has always been changing. What if after 20 years bitcoin is no longer valuable or existing anymore. Or what if its price subside and you needed like a thousand bitcoin to ensure your retirement. But what if we only need just only one bitcoin to secure our retirement. So better to save as much bitcoin as you can have. Time will tell.
It depends on how much money you want to retire on but the best way would be getting a lifetime investment option with bitcoins you have. Some websites close and say they got “hacked” and some places keeps going strong for like 5-6 years now. Evaluate your options well and invest your bitcoins to somewhere. Or better yet just put away certain amount of fiat to buy bitcoin with every month for 20 years and I am sure you will be a rich man in 20 years time. Exactly and it will also depend on the country you are living in, you can plan according to the cost of living, if cost of living is not too high then you don't need higher amount of coins for retirement. |
|
|
|
|
|
diegz
|
|
August 20, 2016, 08:33:53 AM |
|
In 20 years, I think 30 BTC may be enough for retirement, if the currency continue with a good level of appreciation and adoption, of course.
I think we could not predict the future, so probably 30 BTC might not be enough.. It is better to have plenty...Bitcoin I think should not be our only retirement fund, there should always be other alternatives just in case bitcoin fails, but one thing is for sure, fiat would not fail, and other investments in real life like real estates... |
|
|
|
JessicaSe
Legendary
Offline
Activity: 840
Merit: 1000
|
|
August 20, 2016, 12:13:18 PM |
|
In 20 years, I think 30 BTC may be enough for retirement, if the currency continue with a good level of appreciation and adoption, of course.
I think we could not predict the future, so probably 30 BTC might not be enough.. It is better to have plenty...Bitcoin I think should not be our only retirement fund, there should always be other alternatives just in case bitcoin fails, but one thing is for sure, fiat would not fail, and other investments in real life like real estates... If you have a plan to get retired only on bitcoins then its always better to have more coins in you wallet, as we don't know what value it will hold in future, either it will be higher or too low, so playing safe is the best thing we can do. |
|
|
|
|
|
Ziskinberg
|
|
August 20, 2016, 01:12:12 PM |
|
In 20 years, I think 30 BTC may be enough for retirement, if the currency continue with a good level of appreciation and adoption, of course.
I think we could not predict the future, so probably 30 BTC might not be enough.. It is better to have plenty...Bitcoin I think should not be our only retirement fund, there should always be other alternatives just in case bitcoin fails, but one thing is for sure, fiat would not fail, and other investments in real life like real estates... If you have a plan to get retired only on bitcoins then its always better to have more coins in you wallet, as we don't know what value it will hold in future, either it will be higher or too low, so playing safe is the best thing we can do. I think saving like 10 BTC per year is already a good saving plan, if you make it at least 10 years of consistent savings and you would consider that for your early retirement, that 10 BTC could turn into a big amount of money if you bitcoin will continue to progress. |
|
|
|
|
gerXhonza
|
|
August 20, 2016, 03:22:44 PM |
|
In 20 years, I think 30 BTC may be enough for retirement, if the currency continue with a good level of appreciation and adoption, of course.
I think we could not predict the future, so probably 30 BTC might not be enough.. It is better to have plenty...Bitcoin I think should not be our only retirement fund, there should always be other alternatives just in case bitcoin fails, but one thing is for sure, fiat would not fail, and other investments in real life like real estates... If you have a plan to get retired only on bitcoins then its always better to have more coins in you wallet, as we don't know what value it will hold in future, either it will be higher or too low, so playing safe is the best thing we can do. I think saving like 10 BTC per year is already a good saving plan, if you make it at least 10 years of consistent savings and you would consider that for your early retirement, that 10 BTC could turn into a big amount of money if you bitcoin will continue to progress. Yes and I think 10 btc is not too difficult to earn if you can manage to earn from different sources and if you cannot manage to earn that then you should at least have target of 100 btc. |
|
|
|
|
|
Sweetbtc
|
|
August 20, 2016, 03:23:41 PM |
|
The OP says he wants to retire in 20years, not hold his bitcoin for 20years  We also need to take into account the halving situations every 4 years. That being the case, and following the trend; the value of bitcoin should increase in value 5 times till he retires; by that time 1 BTC could probably be $1000 - $1200; not really that bad but im not so sure about the miners. For retirement though 3000BTC should be quite nice. |
|
|
|
Corenin
Legendary
Offline
Activity: 1008
Merit: 1000
|
|
August 20, 2016, 04:08:07 PM |
|
The OP says he wants to retire in 20years, not hold his bitcoin for 20years We also need to take into account the halving situations every 4 years. That being the case, and following the trend; the value of bitcoin should increase in value 5 times till he retires; by that time 1 BTC could probably be $1000 - $1200; not really that bad but im not so sure about the miners. For retirement though 3000BTC should be quite nice. Are you serious? Do you know what you are talking about? 3000 btc is not a cup of tea of everyone and impossible to achieve if you are a part timer in bitcoins. |
|
|
|
|
|
ZlaiaZaia
|
|
August 20, 2016, 04:17:26 PM |
|
The OP says he wants to retire in 20years, not hold his bitcoin for 20years We also need to take into account the halving situations every 4 years. That being the case, and following the trend; the value of bitcoin should increase in value 5 times till he retires; by that time 1 BTC could probably be $1000 - $1200; not really that bad but im not so sure about the miners. For retirement though 3000BTC should be quite nice. Are you serious? Do you know what you are talking about? 3000 btc is not a cup of tea of everyone and impossible to achieve if you are a part timer in bitcoins. In the fog of 3000 is already a fairy tale. I do not believe that your prediction will come true. To do this, even there are no preconditions. |
|
|
|
|
|
