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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320307 times)
CrimBit
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April 06, 2016, 02:37:20 AM
 #2141

I need 200 btc at the time of retirement as I don't want to compromise with my lifestyle at older age, I just want to enjoy my life with lots of money  Grin
look like a nice goal i was going to say a dream but it can be real holding 200 btc and the price grow to 1000$ you will have a nice income 200000$ you can invest them in many things and you will have a great life :p.
I don't think that the $200k would be enough for the needs in the 20 years to come, many people mention that the cost of living in 20 years to come very expensive, of course you need more than $200k mate
moreover it can not be called a rich man

for me i can life with $3500 per year (at this time) . i think i can life in my retire day with 200k . it's depend about your style of life, also the cost of life in each country is diffirent. so for me i need only 5-6/btc per year for retire in 20years maybe 100btc is enough
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April 06, 2016, 03:47:50 AM
 #2142

I need 200 btc at the time of retirement as I don't want to compromise with my lifestyle at older age, I just want to enjoy my life with lots of money  Grin
look like a nice goal i was going to say a dream but it can be real holding 200 btc and the price grow to 1000$ you will have a nice income 200000$ you can invest them in many things and you will have a great life :p.

OMG guys this too much expectation I guess because price will be more than 10000$ after 20 years sure. according to satoshi's expectation We haven't scratch the ground of value in the market for bitcoin. So I hope 50 BTC also very big money according to me on that time...
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April 06, 2016, 05:37:31 AM
 #2143

I need 200 btc at the time of retirement as I don't want to compromise with my lifestyle at older age, I just want to enjoy my life with lots of money  Grin
look like a nice goal i was going to say a dream but it can be real holding 200 btc and the price grow to 1000$ you will have a nice income 200000$ you can invest them in many things and you will have a great life :p.
I do not think that $ 200,000 is a lot of money. even people who have the money $ 200,000 is very much out there.
 I think you need more than 200 BTC dude

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April 06, 2016, 07:31:28 AM
 #2144

I need 200 btc at the time of retirement as I don't want to compromise with my lifestyle at older age, I just want to enjoy my life with lots of money  Grin
look like a nice goal i was going to say a dream but it can be real holding 200 btc and the price grow to 1000$ you will have a nice income 200000$ you can invest them in many things and you will have a great life :p.
I do not think that $ 200,000 is a lot of money. even people who have the money $ 200,000 is very much out there.
 I think you need more than 200 BTC dude

Well, it's depend where do you live though. I think with 200 bitcoins maybe it's enough for 5-10 years, but you need to do something with that 200 bitcoins if you want your bitcoins grow. like invest.
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April 06, 2016, 11:49:29 AM
 #2145

I need 200 btc at the time of retirement as I don't want to compromise with my lifestyle at older age, I just want to enjoy my life with lots of money  Grin
look like a nice goal i was going to say a dream but it can be real holding 200 btc and the price grow to 1000$ you will have a nice income 200000$ you can invest them in many things and you will have a great life :p.
I do not think that $ 200,000 is a lot of money. even people who have the money $ 200,000 is very much out there.
 I think you need more than 200 BTC dude

Well, it's depend where do you live though. I think with 200 bitcoins maybe it's enough for 5-10 years, but you need to do something with that 200 bitcoins if you want your bitcoins grow. like invest.
Yeah everything depends upon the person their needs and demands. 100 btc is enough for me in my retirement


 to buy a house and to spend for my family and children.

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diodio5
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April 07, 2016, 08:21:36 AM
 #2146

I need 200 btc at the time of retirement as I don't want to compromise with my lifestyle at older age, I just want to enjoy my life with lots of money  Grin
look like a nice goal i was going to say a dream but it can be real holding 200 btc and the price grow to 1000$ you will have a nice income 200000$ you can invest them in many things and you will have a great life :p.

OMG guys this too much expectation I guess because price will be more than 10000$ after 20 years sure. according to satoshi's expectation We haven't scratch the ground of value in the market for bitcoin. So I hope 50 BTC also very big money according to me on that time...
if you had 200 BTC now maybe you have not said to be a rich man. because bitcoin rate is currently very small. but if you hold it for the next 20 years. may be different many people expects that the price will be more than $ 5.000. I think it's not a fantasy I think it's reasonable to happen. bitcoin very deserves to have a high price
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April 07, 2016, 04:31:39 PM
 #2147

sit on 10, do some day trading with 1-2 of them, watch your fortune grow -

dont forget to diversify via alt coins, market arbitrage and assets.

youll be a millionaire in no time, but you know what they say - takes money to make money.

Problem with trading, is eventually the 1-2 coins you refer to isnt enough to make bad trades.

Eventually its goes like this, the more trades you do. the more chances youre at a risk of a bad trade although a few lucky hits which keeps you into the game, but thats when you walk away.

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April 07, 2016, 04:48:14 PM
 #2148

I need 200 btc at the time of retirement as I don't want to compromise with my lifestyle at older age, I just want to enjoy my life with lots of money  Grin
look like a nice goal i was going to say a dream but it can be real holding 200 btc and the price grow to 1000$ you will have a nice income 200000$ you can invest them in many things and you will have a great life :p.

reasonable amount of coin if i get this before 20 year i will retire sooner  Grin
just kidding i will retire in 20 year for sure with some amount in my wallet



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fkvidar
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April 07, 2016, 04:55:21 PM
 #2149

I need 200 btc at the time of retirement as I don't want to compromise with my lifestyle at older age, I just want to enjoy my life with lots of money  Grin
look like a nice goal i was going to say a dream but it can be real holding 200 btc and the price grow to 1000$ you will have a nice income 200000$ you can invest them in many things and you will have a great life :p.

reasonable amount of coin if i get this before 20 year i will retire sooner  Grin
just kidding i will retire in 20 year for sure with some amount in my wallet


Yes 200 btc is a really good amount to hold, but to achieve that milestone I think we need to work really very hard at this stage then only we would be able to hold that amount.
luciann
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April 07, 2016, 05:14:54 PM
 #2150

For me 50BTC is enough for me to retire i might can buy a house an lot with 1BTC in the future.
With its value skyrocketing to $1000 in 2013 surely its value could rise to tens of dollars.

If we hit the value mark of still staying at $400 per coin in 20 years.

Thats only $20k in the bank.. you`d have to pick up a job friend lol.


200BTC seems good to me, it may have a value of a half a million in 20 years if the value of bitcoin rise higher than $1000.

I can buy everything with that money and to give to my siblings and friends to promote bitcoin to them.

Then the real issue would be, how would you propose to get that 200 btc you mentioned lol.

I say thats the biggest challenge despite where it goes, and inflation or not.

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April 07, 2016, 05:23:49 PM
 #2151

For me 50BTC is enough for me to retire i might can buy a house an lot with 1BTC in the future.
With its value skyrocketing to $1000 in 2013 surely its value could rise to tens of dollars.

If we hit the value mark of still staying at $400 per coin in 20 years.

Thats only $20k in the bank.. you`d have to pick up a job friend lol.


200BTC seems good to me, it may have a value of a half a million in 20 years if the value of bitcoin rise higher than $1000.

I can buy everything with that money and to give to my siblings and friends to promote bitcoin to them.

Then the real issue would be, how would you propose to get that 200 btc you mentioned lol.

I say thats the biggest challenge despite where it goes, and inflation or not.
You can buy 200BTC if you take out a big enough loan, it's only something like $84,000, that's cheap right? [/s]

It's definitely a risky and big investment, but it could pay off very nicely if the value goes up.
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April 07, 2016, 06:08:58 PM
 #2152

perhaps if bitcoin can back to the price $1000, i think 1000 bitcoin is enough for you retire in 20 years.

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April 07, 2016, 08:42:33 PM
 #2153

You would need a lot and with a lot I mean a lot, its not so easy in my opinion to let this happen also, its a lot of work.
Also the fact that you have to have a lot of money to do this, its now still not to predict in my eyes.
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April 07, 2016, 09:41:06 PM
 #2154

perhaps if bitcoin can back to the price $1000, i think 1000 bitcoin is enough for you retire in 20 years.

1000 btc is really a huge amount and honestly speaking its not easy for anyone to hold that huge amount, we need to be practical and accept the reality.
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April 08, 2016, 11:34:23 AM
 #2155

perhaps if bitcoin can back to the price $1000, i think 1000 bitcoin is enough for you retire in 20 years.

1000 btc is really a huge amount and honestly speaking its not easy for anyone to hold that huge amount, we need to be practical and accept the reality.

In 20 years, the price of bitcoin could be around $200,000. So you need around 10 bitcoin to have good life.


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April 08, 2016, 11:48:25 AM
 #2156

perhaps if bitcoin can back to the price $1000, i think 1000 bitcoin is enough for you retire in 20 years.

Well, if the bitcoin's price back to $1000 for each bitcoins. Maybe i only need 500 bitcoins, because i can use it for do a business and also can invest on real life. So i can make a living up to 30++ years.
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April 08, 2016, 11:56:38 AM
 #2157

perhaps if bitcoin can back to the price $1000, i think 1000 bitcoin is enough for you retire in 20 years.

1000 btc is really a huge amount and honestly speaking its not easy for anyone to hold that huge amount, we need to be practical and accept the reality.

In 20 years, the price of bitcoin could be around $200,000. So you need around 10 bitcoin to have good life.

meh, as much as i love this to happen since i am holding bitcoin and will continue to hold even if the price passes $1000 mark, i don't think $200,000 for 1BTC price is at all possible. there is never going to be enough demand to push it that high.

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April 08, 2016, 01:33:34 PM
 #2158

You need a lot of Bitcoins, because you never know what the value will be in the future and that is the problem, the chance is also high that the value will going down and that wont be good for you.
The halving is also coming and many people are saying that it will keep stable after the halving, but you never know what will happen.
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April 08, 2016, 02:04:50 PM
 #2159

You need a lot of Bitcoins, because you never know what the value will be in the future and that is the problem, the chance is also high that the value will going down and that wont be good for you.
The halving is also coming and many people are saying that it will keep stable after the halving, but you never know what will happen.

Yeah its always better to hold more number of coins for future as we cannot be sure that what exact amount of coins will take care of us in future as it totally depends on the value that it will be holding after 20 years.
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April 08, 2016, 02:35:47 PM
 #2160

That is hard to say, because you never know what the value will be of Bitcoin so you need a lot of Bitcoin otherwise it wont be possible for you and you can become poor and that is bad if that happens.
Bitcoin is a currency and to predict a currency is impossible, so you need to find another option to live with Bitcoins.
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