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

[superresistant]

In 20 years there will be another coin, everyone will forget about Bitcoins.

plz stop with this bullshit, on every thread there is someone that claim that a new coin will eventually in the future surpass bitcoin
what are your reason for this? there are no reasons, especially if we are talking about the usual bitcoin clone
no bitcoin clone can even think of surpassing bitcoin, the only possibility this could be true, is if an entirely new coin will be created, that it isn't based on a decentralized ledger and p2p and everything like that
but instead on a completely different technology

No other crypto will surpass Bitcoin anytime soon but it is not because Bitcoin is superior in technology.
Not at all. Any altcoin is at least a clone of Bitcoin so it has exactly the same tech.
Some crypto are far superior in innovation but will not surpass Bitcoin in marketcap because of the network effect.

Bitcoin will remain the basic first cryptocurrency with the biggest network while some altcoins already evolved into "cryptoplatform" for new businesses and development.

There are an infinite number of niches/opportunities in crypto that cannot be fulfilled by Bitcoin alone but the sum of all of these shall never surpass Bitcoin's marketcap and network.

[gripflierGO]

Well in my opinion, 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 

That is true that you cannot wait for next 20 years I believe holding if for next 5 to 6 years would be an great option and I think holding 50 bitcoins at a moment would be an great deal and yes you can sell it when you see profit out of it as there would be many options for investments in the future.

[hunnaryb]

Well in my opinion, 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 

Yes but don't you think that 10 bitcoins is very less??

I Prefer atleast to hold 50 BTC for the next 5 to 10 years as you will get a clear picture that what would be situation of bitcoin and I also believe that 20 years is too long to handle cannot afford to wait till then and right now you can invest in bitcoin and hold it for the future and sell it when you feel that you are earning best return on investments.

[knowhow]

as i mentioned we make plans always thinking on the near future ,and bitcoin wont loose is kingdom to any other crypto currency ,can a new coin get close it i doubt ,the thing isnt to have them stored and left them for 20 years frozen .... the thing is to buy them now and wait a moment to sell them with profit and use fiat to get income from it

[edric]

Well in my opinion, 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 

That is true that you cannot wait for next 20 years I believe holding if for next 5 to 6 years would be an great option and I think holding 50 bitcoins at a moment would be an great deal and yes you can sell it when you see profit out of it as there would be many options for investments in the future.

Better thing will be store the bitcoins for say, 1 year, and then do trades on yearly basis. That way you can always stay ahead in the market and will be making profit on your initial investment.

[knowhow]

the thing to generate more bitcoins without miners is buying low and selling high ,will allow to earn some extra bitcoins as the price is volatil

[gentlemand]

In 20 years there will be another coin, everyone will forget about Bitcoins.

Every day it stays out in front makes the possibility of it being usurped ever more remote. It's still very definitely possible but there'll be a point where too much money has been put in to consider starting over again.

All the Myspace/ Facebook comparisons are silly. If you stood to lose several thousand dollars to make the switch you, er would not. All you had to do to move over was click a few times.

As many alts are effectively interchangeable, it'll all turn to vapour unless people collectively choose to get behind one system. Bitcoin is it for now.

[brendasmith982]

If you want to live comfortably in retirement, bitcoins are the wrong place to look. Check the history. They've been going down in value all year!

Invest in FacebookCoin or whatever it's going to be called, or maybe just invest in a low cost index fund (since you're talking 20 years down the road).

Umm, check the history?  perhaps you can go back more than a few months?  I think the overall return on Bitcoin has been pretty good.  from a few cents to over $400 in a few year years?  Has any investment in our lifetime been that good? 

Facebookcoin?  Really?  You would trust hard earned money in an account with the kind of "security" Facebook is known for?   

Hahaha. Facebook security is like keeping a scare crow in a bank safe.

[Frost]

It's hilarious that people still think you would just need one or two bitcoin to get rich soon lol.

[Erdogan]

It's hilarious that people still think you would just need one or two bitcoin to get rich soon lol.

20 years, not soon.

[AtheistAKASaneBrain]

It's hilarious that people still think you would just need one or two bitcoin to get rich soon lol.

20 years, not soon.

20 years is a long ass time. Who is going to realistically hold that long?
Me. Because even if im tempted to sell some of my BTC to enjoy my gains a bit, im never going to spend more than what i've stablished myself to be the limit, which is X BTC (for example, 4). That means only when I have BTC above 4, i'll sell some, but I want to have always a base of some BTC that will be there for at least a decade.

[Digitalmocking]

I take half of the BTC I make mining and put it in a cold wallet.  My plan is to leave that alone for a looong time.

[umaOuma]

It's hilarious that people still think you would just need one or two bitcoin to get rich soon lol.

20 years, not soon.

20 years is a long ass time. Who is going to realistically hold that long?
Me. Because even if im tempted to sell some of my BTC to enjoy my gains a bit, im never going to spend more than what i've stablished myself to be the limit, which is X BTC (for example, 4). That means only when I have BTC above 4, i'll sell some, but I want to have always a base of some BTC that will be there for at least a decade.

Exactly it would be foolish if we sell all our bitcoins at a single time. You need to sell part of bitcoins when prices goes high and put rest for the future and you can also buy more bitcoins if the prices goes down.

[knowhow]

there wont be a new coin that will kill bitcoin most of new coins just born and in 1 month or less die ,we stand with doge ,ltc and some others soo as you may see they gain a small worth vs bitcoin... all new coins will be like that newcoinvs bitcoin worth... there isnt a new tecnology all try to do the same as bitcoin

[techgeek]

Thats if you survive the next 20 years.

And who knows you and I are writing this thread for awesome stuff, then one day I get hit by a car. Everyday events can happen during the next 20 years for me to not able to enjoy it, and every other form of cancer available.

[stromma44]

there wont be a new coin that will kill bitcoin most of new coins just born and in 1 month or less die ,we stand with doge ,ltc and some others soo as you may see they gain a small worth vs bitcoin... all new coins will be like that newcoinvs bitcoin worth... there isnt a new tecnology all try to do the same as bitcoin

You cannot be so sure about it as we are here talking about next 20 years and anything is possible in next 10 years and ofcourse there will be new currencies which will exist in coming years and who knows it can be better then bitcoins too.

[doggieTattoo]

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?

3 bitcoins is a good deal. Have 1 for emergencies, 1 for luxuries and 1 for financial security.

[Amph]

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?

3 bitcoins is a good deal. Have 1 for emergencies, 1 for luxuries and 1 for financial security.

3 btc is a bit too low of an amount, aims at least at 10 if you want to retire one day

maybe if someone want to use his bitcoin to help his retirement, then maybe even 1 btc is ok

[Falconer]

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?

3 bitcoins is a good deal. Have 1 for emergencies, 1 for luxuries and 1 for financial security.

It will be great if the price of 1 btc is 10000 USD, and I don't know when it will be happened. Or do you plan to retire at 2200?    I think we can't predict how many bitcoins for retire, it depends the price whether it go up or down. We must make sure the bitcoin price be stable, then you know how much do you need.

[futureofbitcoin]

argh... I don't even know why i come back to read this thread. Why do so many people have no brains at all? Can you people try to learn to think critically... I promise it won't hurt.