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

[dinofelis]

It's easier than that. If Bitcoin becomes mainstream, maybe not 1, but 10 should be enough to retire safely. Why you ask? well simple, mainstream = number of adoption will require that the price is a lot higher than what we've seen thus far. It's maths. If BTC surpasses current electronic payment methods, it would be worth more than 100K if you compare the marketcaps.

Will be hard to do with at most 7 transactions per second
VISA alone does about 1000 times more...

Et tu, dinofelis.

Bitcoin is not a payment system.

I was reacting to: "If BTC surpasses current electronic payment methods"

[twn]

I believe after all bitcoins mined,bitcoin could be get more valuable and even some satoshis could be a value for buy something.if it happens 2-3 bitcoins will be enough for everything for a regular life

[alh]

I believe after all bitcoins mined,bitcoin could be get more valuable and even some satoshis could be a value for buy something.if it happens 2-3 bitcoins will be enough for everything for a regular life

That suggests then that roughly 10 million folks get to have a "regular life". What about the other 6 BILLION folks? This is based on a total of 20+ million coins being mined.

[jerol31]

Well, I believe 1000 bitcoins would be enough to retire. At least for me. So, try to collect this amount of BTC and you could retire and never work again.

[Hazir]

It's easier than that. If Bitcoin becomes mainstream, maybe not 1, but 10 should be enough to retire safely. Why you ask? well simple, mainstream = number of adoption will require that the price is a lot higher than what we've seen thus far. It's maths. If BTC surpasses current electronic payment methods, it would be worth more than 100K if you compare the marketcaps.

Will be hard to do with at most 7 transactions per second
VISA alone does about 1000 times more...

Et tu, dinofelis.

Bitcoin is not a payment system.

And what is it exactly is bitcoin, experimental internet currency? If not a payment system then what? What is a currency without an ability to process payments? Or maybe you see bitcoin as museum exhibition, something like precious old vase or something. No, bitcoin is a payment system like every other, it is just technologically advanced and based on virtual economy.

[aso118]

Well, I believe 1000 bitcoins would be enough to retire. At least for me. So, try to collect this amount of BTC and you could retire and never work again.

With 1000 bitcoins (quarter of a million dollars), I could actually retire today.
I don't even have to wait for the price to appreciate. 

[GreenStox]

I think atleast 100 bitcoins to be safe.

I predicted that 1 bitcoin can be worth 700k$ if all the current GLOBAL GDP is flushed into it, of course in 20 years the global gdp can be much higher (or lower if these nutjob CB will cause global collapse) so a 700k$/bitcoin is really the cap, so you need like 100 bitcoins to have 70 million $ which hopefully will be enough for your greed

If we are talking about distant future (yes. 20 years in bitcoin world is like 1000 years in real life) and our current technology. I would rather don't point at exact numbers. We all are probably wrong in our assumptions. In 20 years we could already have bitcoin 2.0 or some other form of cryptocurrency or no bitcoin at all.

I think attention/media will surpass quality, or atleast in the short term (10-20 years)

Otherwise Litecoin is already superior to Bitcoin in any possible way, but the bitcoin is still bigger market cap, simply because it got more attention.

And obviously no other crypto currency will get as much attention as Bitcoin.

Later on there might come a more stable one ,which will be pumped by wallstreet, but for now bitcoin is the most "favorite" currency, and it will stay as such.

[futureofbitcoin]

litecoin? Out of all the new innovations in altcoins, you choose the one with pretty much the least amount of innovation of them all? o.o

[sdp]

I estimate each coin will be worth $9k.  But this is speculative anyway.  It might be better to buy something that can provide an income.

[manwithat]

you don't need too much, may be 10BTC is enough for your retire life after 20 years.

[Erdogan]

It's easier than that. If Bitcoin becomes mainstream, maybe not 1, but 10 should be enough to retire safely. Why you ask? well simple, mainstream = number of adoption will require that the price is a lot higher than what we've seen thus far. It's maths. If BTC surpasses current electronic payment methods, it would be worth more than 100K if you compare the marketcaps.

Will be hard to do with at most 7 transactions per second
VISA alone does about 1000 times more...

Et tu, dinofelis.

Bitcoin is not a payment system.

And what is it exactly is bitcoin, experimental internet currency? If not a payment system then what? What is a currency without an ability to process payments? Or maybe you see bitcoin as museum exhibition, something like precious old vase or something. No, bitcoin is a payment system like every other, it is just technologically advanced and based on virtual economy.

Bitcoin is money. Bitcoin is money. Bitcoin is money. Bitcoin is money. You can transfer ownership of bitcoin to someone else. Bitcoin is money. Bitcoin is money. Bitcoin is money. Bitcoin is money.

[ajareselde]

Its interesting to play with numbers:
there are about ~ 8 billion people , and there will be 21 million bitcoin, which means if we are to distribute them over population equaly each person would get 0,002625 bitcoin.
If bitcoin gets the real long mainstream attention, and it will either be within OP's 20 years; its obvious that even a fraction of bitcoin will get u far.
For the whole retirement, with the right conditions met, i would say 1 bitcoin would put you in the spotlight til the rest of your life.

cheers

[cryptojumper]

i am planning to buy ~10 btc when i have money because after 20 years they will be either worth MUCH, or zero no need to put your life savings or big part of salary into it 

[Amph]

Well, I believe 1000 bitcoins would be enough to retire. At least for me. So, try to collect this amount of BTC and you could retire and never work again.

same, but there is a risk involving the fact that bitcoin may be non-existing anymore in the future, replaced by something else

if someone can accumulate that fortune early would be better, the price should be already high, in 5-10 years from now, no need to wait 20...

[bitboy11]

My current estimate would be 10 Bitcoins.
I think that is a fair estimate.
The more time that goes by, the less coins you will need.

[GreenStox]

Well, I believe 1000 bitcoins would be enough to retire. At least for me. So, try to collect this amount of BTC and you could retire and never work again.

same, but there is a risk involving the fact that bitcoin may be non-existing anymore in the future, replaced by something else

if someone can accumulate that fortune early would be better, the price should be already high, in 5-10 years from now, no need to wait 20...

You cannot isolate a market from the economy. It may or may not reach that, but it all depends how the global economy performs, and in my opinion its close to collapse.

Yes the next crisis is only months away, although i dont know if they can stall it any longer, but even though in this crisis we can see a significant increase in bitcoin's price.

[keithers]

My current estimate would be 10 Bitcoins.
I think that is a fair estimate.
The more time that goes by, the less coins you will need.

I think you are going to need a lot more than 10 BTC if you want to live comfortably.   It really all depends on how much money you need each month to retain your current lifestyle...

[Denker]

My current estimate would be 10 Bitcoins.
I think that is a fair estimate.
The more time that goes by, the less coins you will need.

I think you are going to need a lot more than 10 BTC if you want to live comfortably.   It really all depends on how much money you need each month to retain your current lifestyle...

You don't know pal. It might be enough to have a good relaxed life if BTC succeeds. I mean 20 years from now is a long time.Have a look how much the internet and technologies in our daily life had evolved in that time.
Imo everything is possible.
Just remember:Laszlo bought a pizza for 10.000 BTC 5 years ago. Do the math and be surprised how expensive this Pizza would be today, or how much of these 10.000 BTC he would have needed now to buy a pizza worth 10 bucks.

[Mikestang]

My current estimate would be 10 Bitcoins.
I think that is a fair estimate.
The more time that goes by, the less coins you will need.

I think you are going to need a lot more than 10 BTC if you want to live comfortably.   It really all depends on how much money you need each month to retain your current lifestyle...

All I know is I am trying to make as many btc as I can.  I spend a little here and there, but mostly I'm hoping that, in the long run, just a few will be worth quite a sum.

[planetroving]

If I was to retire, and have bitcoins fund my retirement, I'd have at least 20 BTC. I take the price of a bitcoin into consideration too, just in case it decides to not reach as high as before.