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Nocturne
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October 08, 2015, 12:33:49 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?
To live comfortably in twenty years without working or anything I guess you need a lot of bitcoins. And hoping that the price will increase. |
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Nidaleee
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October 08, 2015, 01:16:51 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?
Million coins to survive for 20 years, and add some i those coins ran off. |
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TheGr33k
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October 08, 2015, 01:22:18 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?
Million coins to survive for 20 years, and add some i those coins ran off. If you had a million coins you could disappear and live like a king. If you had a million coins you could own Liberland. If you had a million coins I would be scared for you. |
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roadbits
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October 08, 2015, 06:03:36 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?
To live comfortably in twenty years without working or anything I guess you need a lot of bitcoins. And hoping that the price will increase. Since no one knows what will be price of bitcoins after 20 years so it is very difficult to guess any one how many coins they may need it after so many years. If prices go very high then need less or if prices come back single digit then one may really need millions.  |
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Amph
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October 08, 2015, 07:54:53 AM
Last edit: October 10, 2015, 02:12:17 PM by Amph |
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Investing in mining data centers (mining farm) is much better that investing in bitcoins.
This just stuck you there, the amount stays the same, so you are just waiting for a jump.
Having your own mining farm, means you have a team and you are earning continually bitcoins.
But these days you'd need a lot of capital to get started and you're up against some massively well funded organisations with access to facilities, tech and infrastructure most can only dream of. My suggestion above was to invest a high amount of money (~1million) So instead of investing in bitcoins (buying it) you already are stucked there and you are waiting for a higher price to get profit. A good alternative is investing that money in mining farm and you will get i think a higher profit, but it depends from the country,electricity etc.. you're suggestion does not make sense, with 1M you could already retire, there is no point in investing anymore, unless i know that i would get out form this shit(not form bitcoin from investing...) or i would buy 1M in bitcoin and use it directly, you don't even need to wait for a better price |
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master sato
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October 08, 2015, 08:05:39 AM |
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Investing in mining data centers (mining farm) is much better that investing in bitcoins.
This just stuck you there, the amount stays the same, so you are just waiting for a jump.
Having your own mining farm, means you have a team and you are earning continually bitcoins.
But these days you'd need a lot of capital to get started and you're up against some massively well funded organisations with access to facilities, tech and infrastructure most can only dream of. My suggestion above was to invest a high amount of money (~1million) So instead of investing in bitcoins (buying it) you already are stucked there and you are waiting for a higher price to get profit. A good alternative is investing that money in mining farm and you will get i think a higher profit, but it depends from the country,electricity etc.. you're suggestion doe snot make sense, with 1M you could already retire, there is no point in investing anymore, unless i know that i would get out form this shit(not form bitcoin from investing...) or i would buy 1M in bitcoin and use it directly, you don't even need to wait for a better price afaik you both are off topic as OP meant to ask about retirement statistics if any in bitcoin world. however there is no legitimate , proper answer for that as the value of crypto's is far more variable when compared to fiat's one thing the op can do is calculate the average he need in fiat's and convert it in btc, 3 million $ todays wealth is enough for Rment...so around 12000 coins. |
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jt byte
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October 09, 2015, 12:52:42 AM |
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My suggestion above was to invest a high amount of money (~1million)
So instead of investing in bitcoins (buying it) you already are stucked there and you are waiting for a higher price to get profit.
A good alternative is investing that money in mining farm and you will get i think a higher profit, but it depends from the country,electricity etc..
But you're up against people who've been doing it for years with tens of millions to spend. Unless you nail everything there's a risk of it all turning to dust extremely quickly. It's certainly a possibility but the degree of risk is far, far higher than just buying some coins with an amount you don't mind losing and sitting on them. If you've a million or two to secure your future there are much better businesses to be going into. Why would it matter? You can get electricity for 0.02$/kWh or less, you can buy batches of miners much more easily than a home miner, at even better prices. The conditions are geared toward these kind of buyers and operations. It's home mining for most thats dead. Investing in a small data center is probably the best investment you can make relating to BTC at the moment. It really depends on which country are you talking about these electricity rates. Because in my country it really depends on which season we are. In winter the rate is high that reaches 0.1$ per kWh and in summer maybe 0.03$, but mining here is not much profitable. |
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actmyname
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October 09, 2015, 01:01:29 AM |
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About tree fitty.
Actually, I'd say ~200 would be good.
If we assume the price in 20 years increases by 250% then you should be fine for a while.
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kostya.ash
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October 09, 2015, 02:16:47 AM |
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i can earn bitcoin per month is BTC0.8 and if 20 years its mean BTC16 i need
but in my question whetether bitcoin can survive up to 20 years ?
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ridery99
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October 09, 2015, 03:18:11 AM |
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i can earn bitcoin per month is BTC0.8 and if 20 years its mean BTC16 i need
but in my question whetether bitcoin can survive up to 20 years ?
I don't think so. Some bank coin or blockchain will take over and bitcoin will remain but much less valuable for drug dealing and some business like that  Of course btc fan club here won't admit it. |
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shane
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October 09, 2015, 03:20:56 AM |
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i think you need only 1 BTCin future bitcoin can be rich to $10.000  i hope 1day i can be rich |
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Hazir
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★Nitrogensports.eu★
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October 09, 2015, 05:31:29 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?
Million coins to survive for 20 years, and add some i those coins ran off. If you had a million coins you could disappear and live like a king. If you had a million coins you could own Liberland. If you had a million coins I would be scared for you. There was already one Liberland, supposed bitcoin fueled paradise country. As many of us know it did not end up too well for the self proclaimed king of that micro nation. So I think even if you are man with riches beyond measure stop dreaming that we will see bitcoin nation anytime soon, if ever. Bitcoin could be gone as fast as it appeared. |
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NorrisK
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October 09, 2015, 06:36:58 AM |
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i think you need only 1 BTCin future bitcoin can be rich to $10.000 i hope 1day i can be rich Where do you live that you can be rich with $10.000? Here in the Netherlands that would last you a maximum of 1 year with no crazy expenses (only housing and food). Maybe you meant 100 btc? |
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jt byte
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October 09, 2015, 12:22:42 PM |
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About tree fitty.
Actually, I'd say ~200 would be good.
If we assume the price in 20 years increases by 250% then you should be fine for a while.
It's all about if bitcoin will be still usable and popular in 20 years from now. With 200 BTC you can make good money in future But i don't think that you can retire with this amount maybe 500 BTC+ at least. |
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elmar01
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October 09, 2015, 02:27:19 PM |
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With uncertainty about the future prices of BTC, I guess you should reserve as many as you can. You also need to reconsider somethings before you retire such as the place you're retiring, type of luxury you want to live, and expenses as it differs from country to country. But you'll be happy with 500 BTC in your pocket. |
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operrajunk74
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October 09, 2015, 07:04:16 PM |
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I think it depends on the price of the bitcoins and the inflation, you can not predict the money value of current day after 20 years. I will say that 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, this is more safe.
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n2004al
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October 10, 2015, 07:15:29 AM |
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i think you need only 1 BTCin future bitcoin can be rich to $10.000 i hope 1day i can be rich With 10 000 us dollar cannot have a good retirement. Nay will have a very poor retirement. Retirement last at least 15-20 years and 10 000 us dollars can be spent in only 2-3 month. So, if he will have only 1 bitcoin at the day in which will begin his retirement and this bitcoin will have as value only 10 000 us dollar he will live only two - three months and then will die.   |
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andrewwal
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October 10, 2015, 10:02:49 AM |
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i think you need only 1 BTCin future bitcoin can be rich to $10.000 i hope 1day i can be rich With 10 000 us dollar cannot have a good retirement. Nay will have a very poor retirement. Retirement last at least 15-20 years and 10 000 us dollars can be spent in only 2-3 month. So, if he will have only 1 bitcoin at the day in which will begin his retirement and this bitcoin will have as value only 10 000 us dollar he will live only two - three months and then will die. Yes, just 10k USD will not be sufficient even now a days expenses, then how can retire with such a small amount. |
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Denker
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October 10, 2015, 11:29:03 AM |
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i think you need only 1 BTCin future bitcoin can be rich to $10.000 i hope 1day i can be rich With 10 000 us dollar cannot have a good retirement. Nay will have a very poor retirement. Retirement last at least 15-20 years and 10 000 us dollars can be spent in only 2-3 month. So, if he will have only 1 bitcoin at the day in which will begin his retirement and this bitcoin will have as value only 10 000 us dollar he will live only two - three months and then will die. Yes, just 10k USD will not be sufficient even now a days expenses, then how can retire with such a small amount. Ok so if we speak about 1 BTC which will reach a value of $10.000 of course 1BTC isn't enough to retire. But there is still a lot of time to accumulate. When you really believe 1BTC could reach 5 digits in 20 years I would buy at least 10 coins today if you can afford it. This would be $2400 of investment today and at least $100k in 20 years.An avreage increase of $5000 each year. The decision to buy now shouldn't be difficult then. |
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rickadone
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October 10, 2015, 12:18:06 PM |
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i think you need only 1 BTCin future bitcoin can be rich to $10.000 i hope 1day i can be rich With 10 000 us dollar cannot have a good retirement. Nay will have a very poor retirement. Retirement last at least 15-20 years and 10 000 us dollars can be spent in only 2-3 month. So, if he will have only 1 bitcoin at the day in which will begin his retirement and this bitcoin will have as value only 10 000 us dollar he will live only two - three months and then will die. Yes, just 10k USD will not be sufficient even now a days expenses, then how can retire with such a small amount. he has guessed the right amount for one bitcoin and failed to get the right number of bitcoin what we needed for our retirement. I guess with 10K price, we need at least 100 bitcoins after 30 years. But after 30 years 10K is a very small amount I can predict for one bitcoin price. |
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