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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320306 times)
captaincrypto911
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May 04, 2016, 10:37:58 AM
 #2261

I red somewhere that bitcoin will almost be impossible to mine in 5 years time, so thats when it should peak
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May 05, 2016, 02:19:53 AM
 #2262

I red somewhere that bitcoin will almost be impossible to mine in 5 years time, so thats when it should peak

the difficult of bitcoin will be increase each year, and block halving will come to Control bitcoin supply, and market will be rising "IF PEOPLE STILL SUPPORT BITCOIN" .

in next 5year we will meet with 3rd block halving, it's very imposible to reach ROI if price of bitcoin still under $500

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May 05, 2016, 01:46:12 PM
 #2263

Its really difficult to judge what will be the exact value required in next 20 years and also depends on its value after 20 years, but to be safe I think  100 btc would be good to hold.
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May 05, 2016, 02:30:09 PM
 #2264

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?
what would you expected when you retire?sport car?big house like Beckham house?or so many bussiness?
i think if you want it all,you need more than 1000 Bitcoin on your wallet,and then sleep away for waiting your retire time.

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May 05, 2016, 02:50:41 PM
 #2265

Just get some pension plans and I think you need almost 100 btc converted to todays price so that you can retire for 20 years.
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May 05, 2016, 02:51:52 PM
 #2266

Just get some pension plans and I think you need almost 100 btc converted to todays price so that you can retire for 20 years.

Yup, but in pension plan you can get a whole lot less provided that the company is stable enough. Here, we can get some retirement plan with just 1.5 BTC per year Smiley

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May 05, 2016, 03:10:04 PM
Last edit: May 14, 2016, 06:00:12 AM by streazight
 #2267

Bitcoins will never retire
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May 05, 2016, 03:33:07 PM
 #2268

I don't think I will  be holding bitcoin that long as I will convert my bitcoin to fiat when the price will reach to the moon and then fiat will take care of my retired life.
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May 05, 2016, 05:13:16 PM
 #2269

To be realistic scene where how much bitcoin you need to feed yourself per day  Grin
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May 05, 2016, 06:45:45 PM
 #2270

Just get some pension plans and I think you need almost 100 btc converted to todays price so that you can retire for 20 years.

Yup, but in pension plan you can get a whole lot less provided that the company is stable enough. Here, we can get some retirement plan with just 1.5 BTC per year Smiley
perhaps by collecting 1.5 BTC every year, in 2020 we've had a lot of bitcoin, I think it was a very good plan to be applied so that we do not only dream of bitcoin that much in 2020 but also to make it happen

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richardsNY
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May 05, 2016, 06:48:17 PM
 #2271

I don't think I will  be holding bitcoin that long as I will convert my bitcoin to fiat when the price will reach to the moon and then fiat will take care of my retired life.

You can choose to just hold 10% of your entire stash for at least 10 to 20 years as the price might be in the thousands by that time. I will keep at least 25% of my total coins for at least 10 years. I want to see where Bitcoin is heading in the future so I will always keep some coins.
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May 07, 2016, 07:08:17 AM
 #2272

I don't think I will  be holding bitcoin that long as I will convert my bitcoin to fiat when the price will reach to the moon and then fiat will take care of my retired life.

You can choose to just hold 10% of your entire stash for at least 10 to 20 years as the price might be in the thousands by that time. I will keep at least 25% of my total coins for at least 10 years. I want to see where Bitcoin is heading in the future so I will always keep some coins.
It is all about planning your investment and making a right proportion on it. If you like investing in for twenty years the go ahead, but make sure to keep yourself updated on the bitcoin happenings on a regular basis. You don't wanna be surprise one day that the coins you are holding has already no value.

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May 07, 2016, 07:39:46 AM
 #2273

There is really no way to know how many Bitcoin you would need in 20 years, but I would say about 50 or more Bitcoins. Any less would be too little.
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May 07, 2016, 08:24:28 AM
 #2274

There is really no way to know how many Bitcoin you would need in 20 years, but I would say about 50 or more Bitcoins. Any less would be too little.

i think 100 is better than 50, as much as you can, bitcoin price can be back to $100 and can be bcak to $1000. so if you save 100btc is enough for your 20year retirement.

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May 07, 2016, 08:42:36 AM
 #2275

Many of people who know what Bitcoin is, at least to some extent, say Bitcoin will be over $10,000 in 20 years. I think they are not far from the reality so you'll need 100 BTC or 200 BTC depending on your appetites.

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May 07, 2016, 08:49:23 AM
 #2276

Many of people who know what Bitcoin is, at least to some extent, say Bitcoin will be over $10,000 in 20 years. I think they are not far from the reality so you'll need 100 BTC or 200 BTC depending on your appetites.

If it reaches to $10k in future then I think 100 btc would be more then enough for me to have luxury life, but I don't think bitcoin will have that high value.
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May 09, 2016, 07:02:02 AM
 #2277

Many of people who know what Bitcoin is, at least to some extent, say Bitcoin will be over $10,000 in 20 years. I think they are not far from the reality so you'll need 100 BTC or 200 BTC depending on your appetites.

If it reaches to $10k in future then I think 100 btc would be more then enough for me to have luxury life, but I don't think bitcoin will have that high value.
That's  quite a high projection but it is possible. I would be totally happy when that time reaches. I only have 10BTC right now and I think it will be a good retirement in 20 years.

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May 09, 2016, 01:53:14 PM
 #2278

The bad thing of Bitcoin is that nobody will know what is going to happen with Bitcoin and that is the problem because you have to take some risks also with Bitcoin and that is bad.
But the most are also hoping that the value will be more worth and that should be nice.
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May 10, 2016, 02:27:41 PM
 #2279

Lol thats a difficult question because the coin doesn't have a stable value you know. Maybe he's
not even 1 dollar in about 20 years. But maybe he's that high after 2 years that you can retire with just a couple of coins.
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May 11, 2016, 03:39:37 AM
 #2280

Lol thats a difficult question because the coin doesn't have a stable value you know. Maybe he's
not even 1 dollar in about 20 years. But maybe he's that high after 2 years that you can retire with just a couple of coins.
No that is just simple, because if you believe that the value of bitcoins is appreciate in the future, the only thing you should do is to predict the price in 20 years. Now, if you believe that the price will be $100,000 for 1 BTC then I think that would be enough.

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