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

[BillyBobZorton]

dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....

Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous).

Why? 200K is a ton of Bitcoin with the current low price, you would need to fuck up a million times in a month or the price would need to go to 0 in a month. All very low % of happening. If I had that kind of money I would be playing with at least 10K and try to work from there. Theres tons of Bitcoins to be made off altcoin pumps alone. You could become a market maker with 10K in most altcoins.

[futureofbitcoin]

dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....

Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous).

Why? 200K is a ton of Bitcoin with the current low price, you would need to fuck up a million times in a month or the price would need to go to 0 in a month. All very low % of happening. If I had that kind of money I would be playing with at least 10K and try to work from there. Theres tons of Bitcoins to be made off altcoin pumps alone. You could become a market maker with 10K in most altcoins.

My response was specific to knowhow. Read some of his other comments and you'll understand why I said what I said. Anyone with a shred of common sense and logic would probably not lose 200k in a month.

[CryptyMike]

dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....

Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous).

Why? 200K is a ton of Bitcoin with the current low price, you would need to fuck up a million times in a month or the price would need to go to 0 in a month. All very low % of happening. If I had that kind of money I would be playing with at least 10K and try to work from there. Theres tons of Bitcoins to be made off altcoin pumps alone. You could become a market maker with 10K in most altcoins.

My response was specific to knowhow. Read some of his other comments and you'll understand why I said what I said. Anyone with a shred of common sense and logic would probably not lose 200k in a month.

It also depends on what you mean by make money - are you trying to go up in USD despite BTC possibly going down in value? Or are you trying to simply accumulate more BTC?

[knowhow]

dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....

Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous).

Why? 200K is a ton of Bitcoin with the current low price, you would need to fuck up a million times in a month or the price would need to go to 0 in a month. All very low % of happening. If I had that kind of money I would be playing with at least 10K and try to work from there. Theres tons of Bitcoins to be made off altcoin pumps alone. You could become a market maker with 10K in most altcoins.

My response was specific to knowhow. Read some of his other comments and you'll understand why I said what I said. Anyone with a shred of common sense and logic would probably not lose 200k in a month.

i would use money i would invest those 200k at bitcoins then at others altcoins and as i said lets say i make 500 dollars weekly profit,im very curious to get a loan to play with bitcoin and repay it on the next 5 years to the banks...

[futureofbitcoin]

dont you believe that some people taked out the savings and is full on bitcoin? I believe those whales are playing with 200 k up to 300 k making his profit and returning it to bank and keep playing with the price of bitcoin and others crypto... if i had those ammount i would be full in bitcoins ,a 10% interest pays my bills for a years and i still have money to spend with it....soo all months btc and others know and safe crypto gain and loose interest.... whales makes small profits that in huge ammounts turns into something like 5000 dollars a trade of profit....

Nope. If you had 200k worth of bitcoins, you'd lose it all in a month (I'm being extremely generous).

Why? 200K is a ton of Bitcoin with the current low price, you would need to fuck up a million times in a month or the price would need to go to 0 in a month. All very low % of happening. If I had that kind of money I would be playing with at least 10K and try to work from there. Theres tons of Bitcoins to be made off altcoin pumps alone. You could become a market maker with 10K in most altcoins.

My response was specific to knowhow. Read some of his other comments and you'll understand why I said what I said. Anyone with a shred of common sense and logic would probably not lose 200k in a month.

i would use money i would invest those 200k at bitcoins then at others altcoins and as i said lets say i make 500 dollars weekly profit,im very curious to get a loan to play with bitcoin and repay it on the next 5 years to the banks...

See, billy? What did I say? He'll probably buy some pumped alt coin and then left bagholding when ryan pumper dumps it all.

[knowhow]

Most of the coins i invest let me check my portfolio,dash,ltc,doge,gmc,nxt,these is my  main investments,sure i buy some others alts as most of users diversing investments,and i never buy a coin that had been pumped from 1 satoshis to 2000satoshis im not crazy as it seems .I look history do some research and see market interest on that coin,and well i choose what to buy on that time,i wont invest 3000 dollars in a coin pumped in two days ,i invest wise my money im not looking to be rich or quick profit,if i see some of my investments turning some% profit i sell it and wait ,moove into other crypto.

[azguard]

Most of the coins i invest let me check my portfolio,dash,ltc,doge,gmc,nxt,these is my  main investments,sure i buy some others alts as most of users diversing investments,and i never buy a coin that had been pumped from 1 satoshis to 2000satoshis im not crazy as it seems .I look history do some research and see market interest on that coin,and well i choose what to buy on that time,i wont invest 3000 dollars in a coin pumped in two days ,i invest wise my money im not looking to be rich or quick profit,if i see some of my investments turning some% profit i sell it and wait ,moove into other crypto.

i must say you put this well and wise i do the same. I have lost in past with something like that when some coin are being pumped for day two or three but now I invest in same coin like you mentioned cuz there are here for long and wont go down so easily.

[knowhow]

we all know at some exchanges a coin can be pumped from 1 satoshi to 100k of satoshis,with 0,10btc i see those happen daily but why i should invest on it since i know they will dump as someone else new enter in the game,its wise to choose and search about the coin,then choose the best time to enter,at begining i lost till the moment 0.10 because i joined a pump then i saw what and how it works the coin was left behind i sold all and invested on those list ,why to risk my money at new altcoins?it can get 1000% but we can loose 100% our investment on it play safe always

[n2004al]

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?

I think that you will not have never the needed amount of bitcoin for retirement. Because it is much volatile and no one knows in which value it will have after 20 years. I believe very high. Thinking that is a product invented by a disruptive technology and that this excellent technology will protect it with all its possibilities the price will go higher and higher. In this case you need about 1000 bitcoin to make the life of a sultan. But that amount of bitcoin is paper of toilet if the price will go 1 us dollar. So better go with the money of your country or us dollar. With those are more secure that your retirement will be normal and happy.

[smith coins]

Since the bitcoin future is unknown there is no guarantee that you can be retired even if you have 1 million bitcoins.
The price can be higher or lower, nobody knows, maybe bitcoin will not exist after 20 years, or maybe the whole internet will be shut down. I think that you should work hard outside and hope to be retired in 20 years which is not often possible.

[BitmoreCoin]

Since the bitcoin future is unknown there is no guarantee that you can be retired even if you have 1 million bitcoins.
The price can be higher or lower, nobody knows, maybe bitcoin will not exist after 20 years, or maybe the whole internet will be shut down. I think that you should work hard outside and hope to be retired in 20 years which is not often possible.

That is the right attitude.

[VirosaGITS]

Since the bitcoin future is unknown there is no guarantee that you can be retired even if you have 1 million bitcoins.
The price can be higher or lower, nobody knows, maybe bitcoin will not exist after 20 years, or maybe the whole internet will be shut down. I think that you should work hard outside and hope to be retired in 20 years which is not often possible.

That is the right attitude.

If i had 1 million Bitcoins, i would of already retired.

And unless the world explode, its not possible for "internet to be shutdown". But the message is still relevant, there is no way to know if BTC will lift off and cause the Crypto revolution. Billgates says its not going to be BTC. I think it could be if it get improved properly. The sidechain and such would help.

Maybe it will be another coin, we'll see. Just don't put all your eggs in one basket.

[zencomp]

their is no gurantee of the future of Bitcoins , but their is future of Online and Internet, this will not close that much is sure, i will invest 20% of my income from now till i get retire , because what is their in future no one knows.

[bitgolden]

Just 10 bitcoins are enough for your retirement if you are going to retire only after 20 years.
Even only one bitcoin is more than enough after 20 years. But by considering 2036 commodity prices, you may need 10 Bitcoins to lead your rest of life happier.

[VirosaGITS]

Just 10 bitcoins are enough for your retirement if you are going to retire only after 20 years.
Even only one bitcoin is more than enough after 20 years. But by considering 2036 commodity prices, you may need 10 Bitcoins to lead your rest of life happier.

Why would it be enough? How would you know that BTC will be worth many, many thousands USD per?

Nobody knows where BTC will be in one year, why would it be possible to know what it will be worth in 20? Bitcoin will bring about a revolution but that doesn't mean that Bitcoin won't itself die in the progress. No revolution without its toll in blood. Remember?

[Denker]

Just 10 bitcoins are enough for your retirement if you are going to retire only after 20 years.
Even only one bitcoin is more than enough after 20 years. But by considering 2036 commodity prices, you may need 10 Bitcoins to lead your rest of life happier.

Why would it be enough? How would you know that BTC will be worth many, many thousands USD per?

Nobody knows where BTC will be in one year, why would it be possible to know what it will be worth in 20? Bitcoin will bring about a revolution but that doesn't mean that Bitcoin won't itself die in the progress. No revolution without its toll in blood. Remember?

So why you are so sure about it?
It is always a possible future and not a guaranteed. However looking back in the days of early internet and a few of it's first apps I see that Amazon and ebay still exist today.
So bitcoin the commodity and currency for instance as the first application of a decentralized blockchain doesn't have to die.
The possibilities of being a future success with high value weighout the possibility of becoming a failure.

[VirosaGITS]

Just 10 bitcoins are enough for your retirement if you are going to retire only after 20 years.
Even only one bitcoin is more than enough after 20 years. But by considering 2036 commodity prices, you may need 10 Bitcoins to lead your rest of life happier.

Why would it be enough? How would you know that BTC will be worth many, many thousands USD per?

Nobody knows where BTC will be in one year, why would it be possible to know what it will be worth in 20? Bitcoin will bring about a revolution but that doesn't mean that Bitcoin won't itself die in the progress. No revolution without its toll in blood. Remember?

So why you are so sure about it?
It is always a possible future and not a guaranteed. However looking back in the days of early internet and a few of it's first apps I see that Amazon and ebay still exist today.
So bitcoin the commodity and currency for instance as the first application of a decentralized blockchain doesn't have to die.
The possibilities of being a future success with high value weighout the possibility of becoming a failure.

It can be a success. But i think the mathematics behind what was just said was missed by most people. For a single bitcoin to be worth that much, the Bitcoin market cap would have to be in the 2-3 trillions digits.

For this to happen, we'd need a world wide take over of Bitcoin overnight. Which is simply very unlikely.

For this to happen, you'd need to effectively redo the global economy built around Bitcoin. In only 20 years... not very likely.

I don't think that the people who did the previous comments did the math of a BTC at 100kUSD+ per as they suggest.

[randy8777]

it depends on where you live, but i would say at least 100-200 bitcoins if you want to see it last at least 10-15 years. that's when you assume the coins get stored in a secure manner.

[Lazada]

it is a big mistake if you use all of your retirement fund. You can not predict whether bitcoin will have a great future in 2035. maybe if most of it will be more objective.

[richardsNY]

Just 10 bitcoins are enough for your retirement if you are going to retire only after 20 years.
Even only one bitcoin is more than enough after 20 years. But by considering 2036 commodity prices, you may need 10 Bitcoins to lead your rest of life happier.

10 Bitcoins simply aren't enough. By the time the prices reaches new ATH's it may last you a year.