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

[opossum]

Bitcoin should be more reference to a gold valuation not a sense of a dollar.

Its why theres threads out there do the whole gold vs bitcoin thing. So this discussion is based around how do you value gold compared to the digital currency. Plus its not like there is a endless supply of it. Its a fixed amount, which also supports that value.

Bitcoin should be valued at the price of a bitcoin, so btc/btc then we can all stop getting excited over fake iou's value to it and actually understand the power of this tech. The dollar value is ruining it imo.

You will need anywhere from 10-1000 to be able to retire in a middle class country in 20 years of course assuming that bitcoin is still going and who knows what the future holds or what new tech is just around the corner, you may need more than the current supply 

[sgk]

OP's answer would depend on 2 major factors:
- How much fiat does he need to retire and live comfortable life in your country?
- What is YOUR belief of Bitcoin's future and price speculation?

For example:
If you need $200,000 to retire and if you think Bitcoin can at least go up to $10,000 in next five years.
Then I need to buy 20 Bitcoins (20 x $10,000 = $200,000)

So there is no specific answer to the 2nd part of the equation. Your retirement fund is a static amount, but BTC price is a dynamic one. Go figure!

[Sithara007]

OP's answer would depend on 2 major factors:
- How much fiat does he need to retire and live comfortable life in your country?
- What is YOUR belief of Bitcoin's future and price speculation?

For example:
If you need $200,000 to retire and if you think Bitcoin can at least go up to $10,000 in next five years.
Then I need to buy 20 Bitcoins (20 x $10,000 = $200,000)

So there is no specific answer to the 2nd part of the equation. Your retirement fund is a static amount, but BTC price is a dynamic one. Go figure!

Yes totally true. In my opinion, one can not rely on a highly volatile source of investment for his/her retirement or any any other needful funds. The fluctuations in the prices is very sharp and dynamic. And no  one can predict of future of Bitcoin after 20 years. 

[bitbunnny]

Have you maybe earned some BTV while waiting to get answers how many BTC do you need for retirement? 

[AtheistAKASaneBrain]

Bitcoin should be more reference to a gold valuation not a sense of a dollar.

Its why theres threads out there do the whole gold vs bitcoin thing. So this discussion is based around how do you value gold compared to the digital currency. Plus its not like there is a endless supply of it. Its a fixed amount, which also supports that value.

Bitcoin should be valued at the price of a bitcoin, so btc/btc then we can all stop getting excited over fake iou's value to it and actually understand the power of this tech. The dollar value is ruining it imo.

You will need anywhere from 10-1000 to be able to retire in a middle class country in 20 years of course assuming that bitcoin is still going and who knows what the future holds or what new tech is just around the corner, you may need more than the current supply 

If you only value BTC with BTC, how do you estimate its purchasing power? you need some kind of reference.

[JayCoDon]

You don't need a price reference if you're buying your goods in BTC, the supplier is buying their goods in BTC, etc, etc, etc. Unfortunately, that's not reality, so you're right, you need a value in USD. 

I am investing in stocks for my retirement because they are income generating and I can comfortably predict an average 8-10% increase year over year over the next 40 years. Yes, there will be some down years, but if over the long haul, it'll balance out. Besides ... There was the Great Depression in the 1930s and the Great Recession in the 2000s. That's a 70-80 year difference, so maybe I'll miss the next one entirely and be dead. :p

[Rmcdermott927]

You don't need a price reference if you're buying your goods in BTC, the supplier is buying their goods in BTC, etc, etc, etc. Unfortunately, that's not reality, so you're right, you need a value in USD. 

I am investing in stocks for my retirement because they are income generating and I can comfortably predict an average 8-10% increase year over year over the next 40 years. Yes, there will be some down years, but if over the long haul, it'll balance out. Besides ... There was the Great Depression in the 1930s and the Great Recession in the 2000s. That's a 70-80 year difference, so maybe I'll miss the next one entirely and be dead. :p

Most retirement funds are diverse.  Don't put all of your eggs in one basket.   But btc, stocks, gold, etc. 

[rikfredsy]

I will say anyone to buy bitcoin now , this is a great time to invest price 217 at least a week and we will return 250 and you have
 made a lot of profit  , investing bitcoin will never make you looser if you are have patience .

[Amph]

Bitcoin should be more reference to a gold valuation not a sense of a dollar.

Its why theres threads out there do the whole gold vs bitcoin thing. So this discussion is based around how do you value gold compared to the digital currency. Plus its not like there is a endless supply of it. Its a fixed amount, which also supports that value.

Bitcoin should be valued at the price of a bitcoin, so btc/btc then we can all stop getting excited over fake iou's value to it and actually understand the power of this tech. The dollar value is ruining it imo.

You will need anywhere from 10-1000 to be able to retire in a middle class country in 20 years of course assuming that bitcoin is still going and who knows what the future holds or what new tech is just around the corner, you may need more than the current supply 

If you only value BTC with BTC, how do you estimate its purchasing power? you need some kind of reference.

dollar doesn't have any reference, but it workd until the super infaltion, bitcoin don't need a reference either, its value can be given with time, by spending  and comparing the item you are purchasing

for example even without fiat, we know that a car is more expensive than a pc, you would say 1 at 10 is the ratio for those two things, so you spend 1 for pc and 10 btc for the car

[BIT-Sharon]

but get 1000 bitcoins just to be safe

I think 1000 is so safe that you may earn more by this amount.

[Beymond]

but get 1000 bitcoins just to be safe

I think 1000 is so safe that you may earn more by this amount.

If i had 1000 bitcoins , i'd be so over myself that i will either loose it in gambling or get scammed . So i would rather cash most of it!! and just keep some small amount for my use , i can always buy more with the money i cashed it too though there's a chance that the price might be higher/lower but stil less risk

[Sithara007]

but get 1000 bitcoins just to be safe

I think 1000 is so safe that you may earn more by this amount.

How have you to come to the conclusion of 1000 bitcoins. Can you please explain your calculation

[oblivi]

Bitcoin should be more reference to a gold valuation not a sense of a dollar.

Its why theres threads out there do the whole gold vs bitcoin thing. So this discussion is based around how do you value gold compared to the digital currency. Plus its not like there is a endless supply of it. Its a fixed amount, which also supports that value.

Bitcoin should be valued at the price of a bitcoin, so btc/btc then we can all stop getting excited over fake iou's value to it and actually understand the power of this tech. The dollar value is ruining it imo.

You will need anywhere from 10-1000 to be able to retire in a middle class country in 20 years of course assuming that bitcoin is still going and who knows what the future holds or what new tech is just around the corner, you may need more than the current supply 

If you only value BTC with BTC, how do you estimate its purchasing power? you need some kind of reference.

dollar doesn't have any reference, but it workd until the super infaltion, bitcoin don't need a reference either, its value can be given with time, by spending  and comparing the item you are purchasing

for example even without fiat, we know that a car is more expensive than a pc, you would say 1 at 10 is the ratio for those two things, so you spend 1 for pc and 10 btc for the car

We'll never live in a world without national fiat currencies anyway, in my opinion at least... or we will but we'll all be dead by then.
BTC during our lifetimes is going to be huge but will co exist with the nation currencies.

[explorer17]

1 for you and 10 for girls   

[M28MmickT]

but get 1000 bitcoins just to be safe

I think 1000 is so safe that you may earn more by this amount.

How have you to come to the conclusion of 1000 bitcoins. Can you please explain your calculation

I could help here it would be quite simple if we assume that we want/need between $500,000 to $1,000,000 for retirement in a cheaper country, then we need it to go to $1000 to have a million or obviously half we would have $500k. I don't think we would see them prices but i am mr negative so i would want a good 2-3k bitcoins for retirement which i am nowhere near lol

[Amph]

1k bitcoin is a bit too much to earn now, maybe before, when difficult was lower, and altcoin were profitable, right now it's impossible to earn such amount

better to aim at the 10-100 range and hoping for 10k value in the future

[futureofbitcoin]

dunno why people quote the 10k/per coin figure as some sort of a holy grail. Not enough. I wouldn't be satisfied with less than 30k/coin

[Amph]

dunno why people quote the 10k/per coin figure as some sort of a holy grail. Not enough. I wouldn't be satisfied with less than 30k/coin

because 100 btc for 10k result in a good amount to retire, it makes a good equilibrium, 100 btc are not impossible to achieve(i'm speaking for a poor people that start now to collect bitcoin, not a rich guy...), and 10k have the same chance to be reached

[Paashaas]

Why do ppl want to be uber rich? yes, we all want that but if you can buy a new house+car, you're life has improved big time. Ore if you can work from full-time to part-time, that will be very sweet.

Dont be to greedy Bitcoiners!

[BillyBobZorton]

dunno why people quote the 10k/per coin figure as some sort of a holy grail. Not enough. I wouldn't be satisfied with less than 30k/coin

because 100 btc for 10k result in a good amount to retire, it makes a good equilibrium, 100 btc are not impossible to achieve(i'm speaking for a poor people that start now to collect bitcoin, not a rich guy...), and 10k have the same chance to be reached

But like it has been pointed out, 100 BTC "for poor people" is only achiveable if we stay in the current price for a long time, at least 5 years. If we are 5 years at 1k+, then its impossible to amass 100.