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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320352 times)
dothebeats
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February 12, 2015, 03:08:21 PM
 #161

Not to be harsh but if you want to have a retirement fund, go on and invest on some assets that surely increase in value over time (like land and real estate). The risk of getting burned in the end with these assets are less (as more and more people are born every day, the value of space and residence surely goes up too) than bitcoin (a roller coaster ride).

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Bralex
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February 12, 2015, 03:21:55 PM
 #162

Anywhere between 100 - 1000 - 10000

Sorry to be so far between but 100 at the fairytale 10000 = $1000000

1000 at a possible $1000 = $1000000

My opinion the last is the most likely 10000 at $100 = $1000000

Good luck!

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gentlemand
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February 12, 2015, 03:26:16 PM
 #163


My opinion the last is the most likely 10000 at $100 = $1000000

Good luck!


If it's around the $100 level by the time someone retires it'll be failed and abandoned and more likely to be zero.
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February 12, 2015, 03:29:23 PM
 #164

If it's around the $100 level by the time someone retires it'll be failed and abandoned and more likely to be zero.

Let's hope nobody retire then Cheesy (trololo)

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February 12, 2015, 03:51:59 PM
 #165

I would say 100 would be a good amount to retire off of in the future.

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dothebeats
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February 12, 2015, 05:13:45 PM
 #166


My opinion the last is the most likely 10000 at $100 = $1000000

Good luck!


If it's around the $100 level by the time someone retires it'll be failed and abandoned and more likely to be zero.

That's why it's hard to rely solely on bitcoins as a retirement fund because the movements in the market is way too fast. We can only speculate, but we can't be so sure about our speculations. So no, don't rely on bitcoins as your only retirement fund.

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polarhei
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February 14, 2015, 03:01:11 AM
 #167

I currently don't know how much BTC I will need.

Once retired, then something will be rotten, so don't do it.

Perhaps get 21 BTC,at least?
grendel25
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February 14, 2015, 05:13:57 AM
 #168

won't need that many when 1 satoshi = 1 dollar.  As long as bitcoin continues to be accepted and takes root it may actually come to that.

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TookDk
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February 14, 2015, 09:33:14 AM
 #169

I currently don't know how much BTC I will need.

Once retired, then something will be rotten, so don't do it.

Perhaps get 21 BTC,at least?

21 is such a nice number, then will you own 1/1000000 of the bitcoin economy.

Cryptography is one of the few things you can truly trust.
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February 14, 2015, 12:05:16 PM
 #170

My guess is around 100 will serve

noma
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February 14, 2015, 01:07:11 PM
 #171

My guess is around 100 will serve

100 is around 25K dollars, and its hard to predict where it will be .No way its enough to retire on.

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February 14, 2015, 01:29:39 PM
 #172

I say again (stamps foot) 65 BTC.....( it has nothing to do with me having 65 BTC estimated at end
of life on my knc titan no refund no roi soon to be combination space heater and doorstop ...honest!)

( I have a whim of IRON on this topic!)

(The KNC Titan no refund no roi scrypt miner does make a jim dandy combo space heater/door stop by the by......
its in the basement and has dropped my Gas bill on heating (budget plan) $35 usd a month this winter lol Smiley

(Its all about me damn it.....BTC get to 10k already ...I'm impatient!) Smiley



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February 14, 2015, 01:38:55 PM
 #173

It may be that bitcoins do not hold any value after 20 years  Tongue Bitcoins are not a reliable currency currently and it has been here for very less time compared to other currencies but the future of bitcoin is not predictable. Soon it may be replaced by another currency.

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February 14, 2015, 01:44:45 PM
 #174

approximately 0.0000001-21000000 I think
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February 14, 2015, 05:12:34 PM
 #175

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?


Do depend on Bitcoin to retire is a bit silly. Who's to say their value wouldn't be cut in half over time? Or completely go to nothing? You're better off saving fiat if you want to guarantee yourself a retirement and not throw the future in the air.
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February 14, 2015, 05:23:32 PM
 #176

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?


Do depend on Bitcoin to retire is a bit silly. Who's to say their value wouldn't be cut in half over time? Or completely go to nothing? You're better off saving fiat if you want to guarantee yourself a retirement and not throw the future in the air.

Using fiat to find your retirement wouldn't be much cleverer. There aren't many or any options for it to outpace inflation, let alone actually grow. That's why we got investment professionals.
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February 14, 2015, 06:04:25 PM
 #177

Depends on how many folks need to write to the Bitcoin block chain and how much it will cost in fees to do so.  I think in 20 years, 10 BTC will be a very large holding.
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February 14, 2015, 07:58:21 PM
 #178

100 Btc
1000x5000=5.000.000
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February 14, 2015, 09:21:23 PM
 #179

Every month for a year just buy %10 of your salary worth bitcoin.

It'll be a fortune in 10 years.


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February 14, 2015, 10:27:35 PM
 #180

Every month for a year just buy %10 of your salary worth bitcoin.

It'll be a fortune in 10 years.
or , they'll waste 10% of their salary daily which could've actually gave ehm joy.
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