How many bitcoins do I need to retire in 20 years?

[neurotypical]

That said, getting 10 million new users will be quite tough.

There are 12 million millionaires in the world. The coffee drinkers are a drop in the ocean.

there are a lot more than 12 million millionaires.

If you include assets it should be quite a few more than that but there's no reliable way of really knowing. Anyway no one needs millionaires. Just plenty of regular folks finding a proper use for it.

Actually it's either a couple whales jumping in, or tons of regular using Bitcoin that can sky rocket it.
And considering how common millonaires are out there, if you own a decent 10 BTC stack right now, who knows, you've got pretty reasonable chances of it having the purchasing power of 1 million dollars.

[futureofbitcoin]

the problem with whales jumping in theory is that it doesn't work.

Let's say bill gates really believes in bitcoin, and he wants to make more money. So he buys out 1 billion dollars worth of bitcoin. Sounds nice, but he won't do that.

There are a lot of problems with owning such a large proportion of a cryptocurrency. So if they wanted, they'd buy maybe 100k or 200k coins and that's about it.

You'd need either quite a few rich people joining in, or mass adoption, IMO.

[Digitalmocking]

the problem with whales jumping in theory is that it doesn't work.

Let's say bill gates really believes in bitcoin, and he wants to make more money. So he buys out 1 billion dollars worth of bitcoin. Sounds nice, but he won't do that.

There are a lot of problems with owning such a large proportion of a cryptocurrency. So if they wanted, they'd buy maybe 100k or 200k coins and that's about it.

You'd need either quite a few rich people joining in, or mass adoption, IMO.

What we need is a small struggling country suffering with hyperinflation of their current currency to adopt BTC as their currency :p

[bryant.coleman]

That said, getting 10 million new users will be quite tough.

There are 12 million millionaires in the world. The coffee drinkers are a drop in the ocean.

Hmm... yes, according to the World Wealth Report 2013, there are some 12 million High Net Worth (HNW) individuals in the world right now (North America, Europe, and the Asia-Pacific having 30% share each). Their combined net worth is around $56 trillion. Imagine what would happen, if they decide to invest 2% of their wealth in Bitcoin. 

[BitRod]

There are only going to be 23 million coins so only a few million will have one. So yeah grab 2, i think 460 bucks is worth gambling for riches in the future.

[gentlemand]

the problem with whales jumping in theory is that it doesn't work.

Let's say bill gates really believes in bitcoin, and he wants to make more money. So he buys out 1 billion dollars worth of bitcoin. Sounds nice, but he won't do that.

Yup. So Bill Gates puts in 1 billion dollars. Then what? He sits at his desk looking at his 1 billion dollars' worth on his screen. That hasn't really advanced his life very far.

After his big buy it plummets straight back to where it started from. A fun way to get rid of money but not very strategic.

You don't become enriched by blindly throwing cash around. You seed it in places where it can grow hence all the VC money is in infrastructure and not direct buying. All that would do is hand your money out to people who don't deserve it.

[Bagatell]

There are only going to be 23 million coins so only a few million will have one. So yeah grab 2, i think 460 bucks is worth gambling for riches in the future.

21m. None of your inflation here, thanks.

[cryptojumper]

Well if you get 10-20 in cold storage you should be good to go... Once I accumulate that I will put all the rest finances that are meant for crypto related investments into altcoins, cloudmining etc. Safe bet
If bitcoin moons you'll be rich with 20 BTC, if it goes to zero, well, those other crypto related investments might bring you even..

[knowhow]

big money search for some companies ,that they see the potencial to earn interest,some people just go for the treasure bonds.... a safe investment

[Xialla]

uhh, I think that 1 is more then enough..if there will be massive adoption, you will become one of the richest people in the world.)

[deluxeCITY]

To retire in 20 years you would want anywhere from 100-5000 my bet is it would be closer to the couple of thousand, I do believe bitcoin is great but I don't believe it is going to enable a load of us to become millionaires and retire for a few thousand dollars investment. I am carrying on as usual and stocking up as much as I can but not relying on it and maybe one day bitcoin could possibly help towards retirement, if it can do more then that would be good, we will see how we go won't we.

[knowhow]

To retire in 20 years you would want anywhere from 100-5000 my bet is it would be closer to the couple of thousand, I do believe bitcoin is great but I don't believe it is going to enable a load of us to become millionaires and retire for a few thousand dollars investment. I am carrying on as usual and stocking up as much as I can but not relying on it and maybe one day bitcoin could possibly help towards retirement, if it can do more then that would be good, we will see how we go won't we.

if you invest lets say 5 btc on altcoins even 10 btc on them you may easy multiply them.... soo the question is till where you can invest in a coin and get the profit from it ..... btc wont raise or fall from day to night..... others altcoins will and still making that borning and die in less a week .

I remember dodge were at 36 satoshis some days ago if i had some btc on that time i would buy the most i could.... why .... check current worth of them,this is just an example..68 satoshis... this is almost 200% at the current worth....

soo there is several coins that lost interest but can easy recover and make yours btc just double or triple but always a risk ...

[gentlemand]

if you invest lets say 5 btc on altcoins even 10 btc on them you may easy multiply them.... soo the question is till where you can invest in a coin and get the profit from it ..... btc wont raise or fall from day to night..... others altcoins will and still making that borning and die in less a week .

I remember dodge were at 36 satoshis some days ago if i had some btc on that time i would buy the most i could.... why .... check current worth of them,this is just an example..68 satoshis... this is almost 200% at the current worth....

soo there is several coins that lost interest but can easy recover and make yours btc just double or triple but always a risk ...

I've dabbled in alts. I eventually came out on top but it's an insane risk and there's no rhyme or reason as to what direction they might head. At least Bitcoin has some fundamentals. No alt has anything other than the whims of the traders throwing it around.

5-10 BTC is a ludicrous amount to put on the line. I never put in more than 0.1 and I occasionally regretted that too.

[deluxeCITY]

To retire in 20 years you would want anywhere from 100-5000 my bet is it would be closer to the couple of thousand, I do believe bitcoin is great but I don't believe it is going to enable a load of us to become millionaires and retire for a few thousand dollars investment. I am carrying on as usual and stocking up as much as I can but not relying on it and maybe one day bitcoin could possibly help towards retirement, if it can do more then that would be good, we will see how we go won't we.

if you invest lets say 5 btc on altcoins even 10 btc on them you may easy multiply them.... soo the question is till where you can invest in a coin and get the profit from it ..... btc wont raise or fall from day to night..... others altcoins will and still making that borning and die in less a week .

I remember dodge were at 36 satoshis some days ago if i had some btc on that time i would buy the most i could.... why .... check current worth of them,this is just an example..68 satoshis... this is almost 200% at the current worth....

soo there is several coins that lost interest but can easy recover and make yours btc just double or triple but always a risk ...

lol you have lost me there mate, where did I come across like I would want to invest in a few shit coins   I do invest in a few but that is not the question the OP has asked or what I answered. Sorry but I am not even going to reply to the rest of that it is to far off topic, lets keep it as the OP intended.

[knowhow]

think again not off topic just saying with some bitcoins you can easy reach the wished ammount of bitcoins instead be buying an ammount montly and yes risky to invest in altcoins besides bitcoins but can turns into a money machine and boost the retirement soo lets say i own 10 btc i invest them on some altcoin/s that get 10x and my goal is to get 1000 btc i will have 100 bitcoins.... anyway the thing is if i have to wait 20 years to retire why should i buy bitcoins? there is already programs from fiat to ensure a retirement almost safe....since is banks that run those projects..

just curious ,i guess all folowed or read the pizza sold for 10000btc well the owner of those btc
https://blockchain.info/pt/address/1LdRcdxfbSnmCYYNdeYpUnztiYzVfBEQeC

i guess this one just has retired without feel pain

[futureofbitcoin]

if you invest lets say 5 btc on altcoins even 10 btc on them you may easy multiply them.... soo the question is till where you can invest in a coin and get the profit from it ..... btc wont raise or fall from day to night..... others altcoins will and still making that borning and die in less a week .

I remember dodge were at 36 satoshis some days ago if i had some btc on that time i would buy the most i could.... why .... check current worth of them,this is just an example..68 satoshis... this is almost 200% at the current worth....

soo there is several coins that lost interest but can easy recover and make yours btc just double or triple but always a risk ...

I've dabbled in alts. I eventually came out on top but it's an insane risk and there's no rhyme or reason as to what direction they might head. At least Bitcoin has some fundamentals. No alt has anything other than the whims of the traders throwing it around.

5-10 BTC is a ludicrous amount to put on the line. I never put in more than 0.1 and I occasionally regretted that too.

gentlemand is one of the most logical, realistic guys in the entire forum, and understands the risks as well as potential upsides of all of this. In other words, he's one of the few people in the entire forum with common sense. Listen to what he says, it's good for you.

[edric]

Well in my opinion, don't store bitcoins for 20 years, you never know where the bitcoin-economy will be after 20 years. For the best case, get 10 bitcoins, sell it whenever you think the bitcoin exchange price is at its best and then keep that money in fixed deposit for 20 years 

[clipman77]

In 20 years there will be another coin, everyone will forget about Bitcoins.

[randy8777]

In 20 years there will be another coin, everyone will forget about Bitcoins.

might be, but i sincerely think bitcoin then will be widely adopted and used more as a currency. there is so much that can happen in 20 years.

[Amph]

In 20 years there will be another coin, everyone will forget about Bitcoins.

plz stop with this bullshit, on every thread there is someone that claim that a new coin will eventually in the future surpass bitcoin

what are your reason for this? there are no reasons, especially if we are talking about the usual bitcoin clone

no bitcoin clone can even think of surpassing bitcoin, the only possibility this could be true, is if an entirely new coin will be created, that it isn't based on a decentralized ledger and p2p and everything like that

but instead on a completely different technology