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

[BitmoreCoin]

We can hardly predict the price of what Bitcoin will be in 2 weeks.  I doubt we can predict what it will be in 20 years.  My advice, save some Bitcoin and hope for the best, also have other retirement options as well.  Don't put all your eggs into one basket as the old saying goes.

The stock market always rise in long term. So you can predict safely that it will rise in 20 years. If bitcoin gets used widely, I can predict it will rise in 20 years.

[StevenLiang]

We can hardly predict the price of what Bitcoin will be in 2 weeks.  I doubt we can predict what it will be in 20 years.  My advice, save some Bitcoin and hope for the best, also have other retirement options as well.  Don't put all your eggs into one basket as the old saying goes.

Do not put all your eggs into one basket. This is a good quote especially for long term financial planning.
In fact, we just know about bitcoin from 2009 until 2015. We can't say for 20 years up next.

Anyway, it's not safe to just hold BTC for your retirement, and of course you already know it.

BTC is good for investment. But you cannot just hold BTC, if you buy bitcoin on Jan 2013 (@ $1,200) and waited until today price @ $327
you will regret to put all your investment just into BTC.

But on vice versa,
someone who put everything on bitcoin in 2009. He already become millionaire now. And this people will keep holding BTC forever.

[Laosai]

You need 1 Bitcoin.

I don't think it's enough unless bitcoin price will pump out to $1M each (which I highly doubt will happen)

Holding btc?¿
or
trading btc?
Holding=100
Trading= 20

Dude I can't understand your post Would you mind elaborate more what you are trying to say?

[Hugroll]

um lets say you wanna be a millionaire in 20 years , im guessing each bitcoin will be worth around 5k, you would need 200 coins today. thats still a pretty big number 

[zimmah]

Assuming Bitcoin becomes really successful, anywhere from 250+ bitcoins to 2000+ bitcoins.

lol, you know only 10.000 people can hold 2000 bitcoins?

if bitcoin is successful in any way 1 to 10 bitcoin should be plenty

you guys are funny, saying you need thousands of bitcoins, you are seriously underestimating how few 21 million is.

[wearepoor]

We can hardly predict the price of what Bitcoin will be in 2 weeks.  I doubt we can predict what it will be in 20 years.  My advice, save some Bitcoin and hope for the best, also have other retirement options as well.  Don't put all your eggs into one basket as the old saying goes.

Yes, totally agreed with you. No one can predict this as the bitcoins prices are not stable, no one knows what will be the price of one btc after 20 years so its difficult for everyone. I would also suggest you to don't depend on bitcoins for the investment, try other options also.

[gentlemand]

you guys are funny, saying you need thousands of bitcoins, you are seriously underestimating how few 21 million is.

This is a straightforward fact that seems to slip countless minds on here. I think Bitcoin wallets should flash up a message every time you're about to gamble them away that says 'remember - there's only 21 million.' I'm still not convinced it would sink in though.

If REAL demand hits then that limitation will feel stunningly real.

[tommorisonwebdesign]

It probably is not wise at this point to use Bitcoin to invest for your retirement. If I were you I would look into a retirement savings plan. Since Bitcoin has only been around for six years, we can't say for certain where your investment will go. If anything, it will be lost in the next few months.

[VirosaGITS]

It probably is not wise at this point to use Bitcoin to invest for your retirement. If I were you I would look into a retirement savings plan. Since Bitcoin has only been around for six years, we can't say for certain where your investment will go. If anything, it will be lost in the next few months.

No but its nice to dream and if you bet 10BTC on being at 10k in 20 years, its not that much of an investment now and 100k for retiring is a nice bonus. However there are probably better things to do with your BTC than hold them for 20 years.

[bitcoin567]

you need a lot i believe like 20 minimum

[CryptInvest]

I think 50 is enough. More can be about 10% to invest in the promising altcoins.

[StevenLiang]

you guys are funny, saying you need thousands of bitcoins, you are seriously underestimating how few 21 million is.

This is a straightforward fact that seems to slip countless minds on here. I think Bitcoin wallets should flash up a message every time you're about to gamble them away that says 'remember - there's only 21 million.' I'm still not convinced it would sink in though.

If REAL demand hits then that limitation will feel stunningly real.

Lol, that's a nice flash reminder.

"CAUTION: there's only 21 million." 

But in my opinion, that limitation issue is very important to make people want to hold bitcoin, and at the end of limitation promising day, it will announce new info:
"it finished, no more bitcoin added on the market, but alts still"

That's politic.

[StevenLiang]

And I think 400 BTC is a good number to be holding onto, But no one knows BTC's future price, you can make your own assumptions and make your purchase.

It can be good investment or maybe worst investment, it's your choice.

[ANdr0id]

I think 50 is enough. More can be about 10% to invest in the promising altcoins.

Buy a house with whatever price it is at that time. Same with all the other necessities you need in order to live. Then calculate how much you would need in a year to live comfortably. Multiply by 40, if you retire by age 60+. Find that amount in bitcoin  

[Amph]

And I think 400 BTC is a good number to be holding onto, But no one knows BTC's future price, you can make your own assumptions and make your purchase.

It can be good investment or maybe worst investment, it's your choice.

why 400? seems a random number, even 10 are enough if bitcoin reach 100k fo example

it's all about how much you earn right now, or how much you're willing to spend yo buy them, right now

[anthonycamp]

i will think better but for now just 5 to 10 and you can get the 50.000$ i dont know if your country does do retierment into 20 yesrs just spending that

[Tstar]

I would go for 21 BTC. In twenty years from now they could be a good sum.
Also, 21 is a cool amount considering the total amount of BTC which will be 21millions.
 

[VirosaGITS]

I would go for 21 BTC. In twenty years from now they could be a good sum.
Also, 21 is a cool amount considering the total amount of BTC which will be 21millions.
 

Nono. 21 is a nice half of 42. But the good amount is obviously 42 bitcoin.
And 42 bitcoins in 20 years with bitcoin at >20k give you possibly one million USD~ worth which by all mean would mean a good retirement cushion.

It all depend on if BTC manage to start competing with FIAT. If it does, we win.

[zimmah]

you guys are funny, saying you need thousands of bitcoins, you are seriously underestimating how few 21 million is.

This is a straightforward fact that seems to slip countless minds on here. I think Bitcoin wallets should flash up a message every time you're about to gamble them away that says 'remember - there's only 21 million.' I'm still not convinced it would sink in though.

If REAL demand hits then that limitation will feel stunningly real.

well, for what it's worth for as long as it lasts i'm making quite a profit investing in gambling websites because people love throwing whole bitcoins or more at them.

[isvicre]

I think 3-5 bitcoins might be safe enough to save somewhere around waiting for rise.
Well if you have a lot of money you can basically risk more money on it.