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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320306 times)
Febo
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April 01, 2015, 11:29:36 PM
 #341

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.

If Bitcon will never reach as it was in past, then you will have lousy life with 20 BTC saved.
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johnyj
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April 02, 2015, 02:26:16 AM
 #342

If everyone on earth would like to put his retirement savings into bitcoin, he can get maximum 0.003 BTC

If only 1/100 of the people on earth will do this, then getting 0.3 BTC should be enough

If you want to diversify and only hold 1/10 of your portfolio in bitcoin, get 3 BTC and sell the rest 2.7 BTC

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April 02, 2015, 12:45:48 PM
 #343

I d say 200 would get you in the safe side. Each should be worth $10k by then.

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April 04, 2015, 10:04:44 PM
 #344

I think if you have 1000 btc you can retire on an island!
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April 07, 2015, 12:27:35 PM
 #345

That's a loaded question and also a reason why the value may stay low.

Buy them, spend them, make useful applications for them. Bitcoin is still a toddler, help it grow.
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April 07, 2015, 04:38:20 PM
 #346

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.
I like 21 BTC better, it's the magic number, because of the total 21 Million coins. With 21 you enter the "Million" group.
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April 07, 2015, 04:39:47 PM
 #347

I think if you have 1000 btc you can retire on an island!

You`d be correct, if the value stays high, but what if drops back down lol.

Now you cant retired on a island, but have to retire in a $30k house somewhere thats affordable near you. Thats the difference between the value if it drops by $100-500 prices. Since most wont know if the price value will always stay high, I say you need focus on fiat 1st then anything else still.

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April 07, 2015, 05:49:24 PM
 #348

I guess 25 BTC or more is good

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April 07, 2015, 06:07:00 PM
 #349

One more...
leen93
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April 07, 2015, 06:16:12 PM
 #350

buy all you can, a 100$ million retirement is better than a 10 $ million retirement  Cheesy
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April 07, 2015, 08:47:29 PM
 #351

I think if you have 1000 btc you can retire on an island!

i live on an island and it would take approximately 15,000 btc to retire.

1$ = 36 Mur

houses are sold approximately for 1000btc ( a proper house )

1btc is enough for 1 week of food maybe even 2 weeks.

1btc = normal clothes (50 tshirts and 10 jeans)

proper cars since you want to really have a good time = 700-1000 btc

and the rest will go for your daily activities for the following 10-15 years or so, provided you convert the coins right now, because we never know what the price might be in 10 years. high up, or obsolete.

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April 07, 2015, 11:33:14 PM
 #352

People who are trying to use the current price of bitcoin to answer the question clearly lack reading comprehension and common sense.
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April 07, 2015, 11:36:16 PM
 #353

People who are trying to use the current price of bitcoin to answer the question clearly lack reading comprehension and common sense.

Agreed. But this is the internet. Blindly pushing your own point of view out there is far more important than considering and responding to the original point.
BitmoreCoin
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April 08, 2015, 08:08:54 AM
 #354

buy all you can, a 100$ million retirement is better than a 10 $ million retirement  Cheesy

This is the right answer if bitcoin does not go to 0.
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April 08, 2015, 08:40:58 AM
 #355

Buy one and be one a slave for twenty years. If you survive, you can then regret not buying more and retiring earlier.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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April 11, 2015, 07:50:39 AM
 #356

As much as you can buy and willing to get, 20 years from now are a long time bitcoin will probably not exist until then but if it does then it will be really valuable in 20 years
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April 11, 2015, 02:13:47 PM
 #357

Buy one and be one a slave for twenty years. If you survive, you can then regret not buying more and retiring earlier.

How many would you say you say it's require to retire in 20 years then?
I also like the idea of having 21 Bitcoin, since only max 1 million people will have 21 Bitcoins, but given BTCs arent distributed evenly it will be even harder to be part of the almighty 21 Group.
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April 11, 2015, 02:36:16 PM
 #358

Buy one and be one a slave for twenty years. If you survive, you can then regret not buying more and retiring earlier.

How many would you say you say it's require to retire in 20 years then?
I also like the idea of having 21 Bitcoin, since only max 1 million people will have 21 Bitcoins, but given BTCs arent distributed evenly it will be even harder to be part of the almighty 21 Group.

the usual target is 100 with a price target of 10k, 100 bitcoin are not that hard to acquire, 10k value instead look almost impossible right now, but the future may hold a good surprise

1M should be enough for many, to retire
pereira4
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April 11, 2015, 05:10:46 PM
 #359

Buy one and be one a slave for twenty years. If you survive, you can then regret not buying more and retiring earlier.

How many would you say you say it's require to retire in 20 years then?
I also like the idea of having 21 Bitcoin, since only max 1 million people will have 21 Bitcoins, but given BTCs arent distributed evenly it will be even harder to be part of the almighty 21 Group.

the usual target is 100 with a price target of 10k, 100 bitcoin are not that hard to acquire, 10k value instead look almost impossible right now, but the future may hold a good surprise

1M should be enough for many, to retire

Lol 100 BTC are pretty hard to adquire... how are you going to adquire 100 BTC before price goes 10K or anything near it? because the higher the price goes, the harder it will become. It's a ticking clock.
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April 11, 2015, 07:48:07 PM
 #360

Buy one and be one a slave for twenty years. If you survive, you can then regret not buying more and retiring earlier.

How many would you say you say it's require to retire in 20 years then?
I also like the idea of having 21 Bitcoin, since only max 1 million people will have 21 Bitcoins, but given BTCs arent distributed evenly it will be even harder to be part of the almighty 21 Group.

the usual target is 100 with a price target of 10k, 100 bitcoin are not that hard to acquire, 10k value instead look almost impossible right now, but the future may hold a good surprise

1M should be enough for many, to retire

Lol 100 BTC are pretty hard to adquire... how are you going to adquire 100 BTC before price goes 10K or anything near it? because the higher the price goes, the harder it will become. It's a ticking clock.

you should have started before, or you can just buy them now(not all together, maybe 2-3 every month, 3 years = 100 btc), or another solution was, to join cointellect and scam their ponzi, with many account, adds to this signature and instamine(aurora coin, blackcoin, darkcoin) and 100 btc are easy to achieve
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