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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320306 times)
ZlaiaZaia
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August 20, 2016, 04:20:41 PM
 #3021

The OP says he wants to retire in 20years, not hold his bitcoin for 20years Cheesy 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.
Cost of goods has always been equal to its value. Align the product with any bitcoin, and tell me how much it has its value. Why bitcoin should cost at the level of 3000 is not justified.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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August 20, 2016, 04:36:21 PM
 #3022

Well its really hard to predict that what amount of coins will be good to hold after 20 years, as it will totally depend on the price of bitcoins after 20 years, but to be on safer side I think 100 btc would be enough.
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August 20, 2016, 04:54:54 PM
 #3023

Well its really hard to predict that what amount of coins will be good to hold after 20 years, as it will totally depend on the price of bitcoins after 20 years, but to be on safer side I think 100 btc would be enough.
Even at today's prices on cryptocurrency 100 bitcoin is a very large sum. Who can wait for many years, and the risk of their income. Or is it all other objects of expenditure?
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August 20, 2016, 05:06:52 PM
 #3024

Well its really hard to predict that what amount of coins will be good to hold after 20 years, as it will totally depend on the price of bitcoins after 20 years, but to be on safer side I think 100 btc would be enough.
Even at today's prices on cryptocurrency 100 bitcoin is a very large sum. Who can wait for many years, and the risk of their income. Or is it all other objects of expenditure?

If you can take risk of investing in other product then you can also take risk with bitcoins as no investment promises you profits but you will never taste the profits if you never take risks.
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August 20, 2016, 05:56:37 PM
 #3025

Well its really hard to predict that what amount of coins will be good to hold after 20 years, as it will totally depend on the price of bitcoins after 20 years, but to be on safer side I think 100 btc would be enough.
Even at today's prices on cryptocurrency 100 bitcoin is a very large sum. Who can wait for many years, and the risk of their income. Or is it all other objects of expenditure?

If you can take risk of investing in other product then you can also take risk with bitcoins as no investment promises you profits but you will never taste the profits if you never take risks.
And I would venture the sake of the good benefits, and so on hundreds of thousands of dollars. After 20 years, I'll be an old man, and for the age I have become wealthy, or at least have a good life for all. And how much it needs to bitcoin, it is necessary to count.
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August 20, 2016, 06:03:20 PM
 #3026

100bitcoins and a well settled busness will be more than enough to get retired after 20years but i think 100bitcoin is little bit harder to achive in this time but you can try

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August 20, 2016, 06:05:37 PM
 #3027

Well its really hard to predict that what amount of coins will be good to hold after 20 years, as it will totally depend on the price of bitcoins after 20 years, but to be on safer side I think 100 btc would be enough.
Even at today's prices on cryptocurrency 100 bitcoin is a very large sum. Who can wait for many years, and the risk of their income. Or is it all other objects of expenditure?

If you can take risk of investing in other product then you can also take risk with bitcoins as no investment promises you profits but you will never taste the profits if you never take risks.
And I would venture the sake of the good benefits, and so on hundreds of thousands of dollars. After 20 years, I'll be an old man, and for the age I have become wealthy, or at least have a good life for all. And how much it needs to bitcoin, it is necessary to count.
old age appropriate time to feel the results, and does not have to work anymore. count me in the future the price will be above $ 1000, so we have to have at least 100 BTC.

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August 20, 2016, 06:20:11 PM
 #3028

Well its really hard to predict that what amount of coins will be good to hold after 20 years, as it will totally depend on the price of bitcoins after 20 years, but to be on safer side I think 100 btc would be enough.
Even at today's prices on cryptocurrency 100 bitcoin is a very large sum. Who can wait for many years, and the risk of their income. Or is it all other objects of expenditure?

If you can take risk of investing in other product then you can also take risk with bitcoins as no investment promises you profits but you will never taste the profits if you never take risks.
And I would venture the sake of the good benefits, and so on hundreds of thousands of dollars. After 20 years, I'll be an old man, and for the age I have become wealthy, or at least have a good life for all. And how much it needs to bitcoin, it is necessary to count.
old age appropriate time to feel the results, and does not have to work anymore. count me in the future the price will be above $ 1000, so we have to have at least 100 BTC.
Yeah i believe on that the the price can be $1k value in the future.. but halving 100 btc is a huge amount.. honestly 50 btc for me is enough i dont need a lots of btc to retire in 20 years..
I can do many in 50 btc if i had it after 20 years..
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August 20, 2016, 08:11:51 PM
 #3029

Well its really hard to predict that what amount of coins will be good to hold after 20 years, as it will totally depend on the price of bitcoins after 20 years, but to be on safer side I think 100 btc would be enough.
Even at today's prices on cryptocurrency 100 bitcoin is a very large sum. Who can wait for many years, and the risk of their income. Or is it all other objects of expenditure?

If you can take risk of investing in other product then you can also take risk with bitcoins as no investment promises you profits but you will never taste the profits if you never take risks.
And I would venture the sake of the good benefits, and so on hundreds of thousands of dollars. After 20 years, I'll be an old man, and for the age I have become wealthy, or at least have a good life for all. And how much it needs to bitcoin, it is necessary to count.
old age appropriate time to feel the results, and does not have to work anymore. count me in the future the price will be above $ 1000, so we have to have at least 100 BTC.
If you have to be old enough price to $ 1,000 inquires are not big people. To do this, decent work, to collect at least a hundred.
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August 20, 2016, 09:59:15 PM
 #3030

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...
But 30 bitcoin now is about 17000$ so if we sell them and invest in good place we have good money in 20 years.
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August 21, 2016, 03:05:05 AM
 #3031

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...
But 30 bitcoin now is about 17000$ so if we sell them and invest in good place we have good money in 20 years.
Well, we have different satisfaction for life, others want a simple life so a little savings that would satisfy them would enough. 30 BTC is already a good investment as we don't know the value of it in the future.

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August 21, 2016, 04:01:03 AM
 #3032

100bitcoins and a well settled busness will be more than enough to get retired after 20years but i think 100bitcoin is little bit harder to achive in this time but you can try

It may be more than enough, but it depends on how the currency will rise in value over the years.
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August 21, 2016, 04:40:56 AM
 #3033

100bitcoins and a well settled busness will be more than enough to get retired after 20years but i think 100bitcoin is little bit harder to achive in this time but you can try

It may be more than enough, but it depends on how the currency will rise in value over the years.
Depend on his need to wag money.so you can not say 100 bitcoin will be enough .if you looking to retire after 20 year than why not to invest 1 btc in trustable mining service which give you good profit.
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August 21, 2016, 05:07:35 AM
 #3034

100bitcoins and a well settled busness will be more than enough to get retired after 20years but i think 100bitcoin is little bit harder to achive in this time but you can try

It may be more than enough, but it depends on how the currency will rise in value over the years.
Depend on his need to wag money.so you can not say 100 bitcoin will be enough .if you looking to retire after 20 year than why not to invest 1 btc in trustable mining service which give you good profit.
I don't know why you're recommending for him to put some money into a mining service. Investing in cloud mining is literally betting against the network and assuming that the overall hashing power is going to go down over the time that you have your contract, and that's already an unlikely bet. On top of the fact that a majority of mining services turn out to be scams in one way or the other.
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August 21, 2016, 05:21:40 AM
 #3035

100bitcoins and a well settled busness will be more than enough to get retired after 20years but i think 100bitcoin is little bit harder to achive in this time but you can try

It may be more than enough, but it depends on how the currency will rise in value over the years.
Depend on his need to wag money.so you can not say 100 bitcoin will be enough .if you looking to retire after 20 year than why not to invest 1 btc in trustable mining service which give you good profit.

Things and foremost theres no a trustable  mining service even they exist  for how many months now but  the  assurance that it would last forever isnt there.  100 bitcoin is a good  amount if you looking to retire after 20 years. You could build a physical business with that amount and   you can secure your  future i guess.

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August 21, 2016, 05:51:33 AM
 #3036

100bitcoins and a well settled busness will be more than enough to get retired after 20years but i think 100bitcoin is little bit harder to achive in this time but you can try

It may be more than enough, but it depends on how the currency will rise in value over the years.
Depend on his need to wag money.so you can not say 100 bitcoin will be enough .if you looking to retire after 20 year than why not to invest 1 btc in trustable mining service which give you good profit.

Things and foremost theres no a trustable  mining service even they exist  for how many months now but  the  assurance that it would last forever isnt there.  100 bitcoin is a good  amount if you looking to retire after 20 years. You could build a physical business with that amount and   you can secure your  future i guess.
I think now, even many people who have 100 BTC and they still have to work hard to be able to live comfortably in real life. I think especially in the future will be more expensive cost of living you need more than 100 BTC

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August 21, 2016, 07:18:46 AM
 #3037

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?
We don't know what will happen 20 years from now, maybe bitcoin will not survive to that date or maybe bitcoin will survive but the price is unpredictable because its characteristic of not being stable and that's the one reason why bitcoin is unique. So while you're still alive just don't be outdated of the news related to bitcoin. So you can control your coins anytime.
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August 21, 2016, 12:11:50 PM
 #3038

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?
We don't know what will happen 20 years from now, maybe bitcoin will not survive to that date or maybe bitcoin will survive but the price is unpredictable because its characteristic of not being stable and that's the one reason why bitcoin is unique. So while you're still alive just don't be outdated of the news related to bitcoin. So you can control your coins anytime.
That is part of the possibilities but we should only think of the positive things that bitcoin will bring in the future, we can achieve that if we will continue to support bitcoin together with our discipline to save for the future, who knows we will become millionaires in the future.

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August 21, 2016, 12:13:28 PM
 #3039

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?
We don't know what will happen 20 years from now, maybe bitcoin will not survive to that date or maybe bitcoin will survive but the price is unpredictable because its characteristic of not being stable and that's the one reason why bitcoin is unique. So while you're still alive just don't be outdated of the news related to bitcoin. So you can control your coins anytime.
That is part of the possibilities but we should only think of the positive things that bitcoin will bring in the future, we can achieve that if we will continue to support bitcoin together with our discipline to save for the future, who knows we will become millionaires in the future.

Yeah we can become millionaires with bitcoin if we have saved enough bitcoins in our wallet, as no one knows what value it will hold in future so its better to collect as much as we can.
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August 21, 2016, 12:43:54 PM
 #3040

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?
We don't know what will happen 20 years from now, maybe bitcoin will not survive to that date or maybe bitcoin will survive but the price is unpredictable because its characteristic of not being stable and that's the one reason why bitcoin is unique. So while you're still alive just don't be outdated of the news related to bitcoin. So you can control your coins anytime.
it is always have to side possibility , became worthy or became worth nothing ,
noone can guarantee bitcoin will keep growing and survive for years even satoshi the inventor ,
so don't go allin in this awesom bitcoin world , but keep your faith in bitcoin ,
i myself planning to hold 10 bitcoin atleast as future investment.
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