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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320352 times)
Junamalik
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May 28, 2016, 01:43:26 AM
 #2421

you need only 1BTC  Cheesy
and you need bitcoin reach price $10M

zimmah
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May 28, 2016, 02:54:34 AM
 #2422

1000 btc to live best life with beautiful babes  Grin

1000 btc is not possible for each and every individual as its an unrealistic value to achieve even 10 btc can take care if price reaches to millions.
1000 btc is a big target but don't say that it is not possible. everything is possible. and 20 years are too long time to do something. if you start earning and collecting bitcoin today. after 20 years you can possibly collect more then 1000btc. and bitcoin also unreliable thing. we can't say about the price of bitcoin.

it's demonstrably not possible

there's about 16 million bitcoin right now, and there will be about 20 million by the next 20 years.

that means at most 20,000 people will be able to own 1000 bitcoin.

not even all the users of this forum can have 1000 bitcoin.

in fact, not even all the users of this forum can have 100 bitcoin (probably not even 10).

1000 bitcoin is a ridiculously large amount that almost no one will have

the average amount of bitcoin will be 0.003, you should be fine with just a bitcoin or 2.
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May 28, 2016, 02:54:55 AM
 #2423

you need only 1BTC  Cheesy
and you need bitcoin reach price $10M
That's true, no. of bitcoins would not really matter at all. What is more important is the value of bitcoins that time you want to retire. If 1 BTC is equivalent to $1,000,000 then that would be so good also. Having million worth of dollars is already a good retirement.
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May 28, 2016, 06:37:34 AM
 #2424

At its current price now, I think 100 BTC is already enough. I know for me its hard to have that because I don't have much source of income but one day I can achieve that dream. If I will retire then I can live a comfortable life.

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May 28, 2016, 07:30:58 AM
 #2425

At its current price now, I think 100 BTC is already enough. I know for me its hard to have that because I don't have much source of income but one day I can achieve that dream. If I will retire then I can live a comfortable life.
nope human needs will never be met people will always feel less for what they get. one key is you can accept and be grateful that you had any wealth. so regardless of the current price and regardless of the money you save. your needs will always be met
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May 28, 2016, 03:30:34 PM
 #2426

1000 btc to live best life with beautiful babes  Grin

1000 btc is not possible for each and every individual as its an unrealistic value to achieve even 10 btc can take care if price reaches to millions.
1000 btc is a big target but don't say that it is not possible. everything is possible. and 20 years are too long time to do something. if you start earning and collecting bitcoin today. after 20 years you can possibly collect more then 1000btc. and bitcoin also unreliable thing. we can't say about the price of bitcoin.

If you start working on bitcoin full time then you can collect 1000 btc in next 20 years, but I don't think anyone will ever try to get full time in it and leave the job.

Oh mate, 1000 bitcoin is very huge number of bitcoin.
I can not imagine that you target it during 20 years, it mean you should get 50 bitcoin every years.
And even the target of your day earnings is 0.1369863 bitcoin. It is not easy but keep spirit to reach that.

it is possible to get 1000 bitcoin for 20 years, and get 50 BTC/year. but it's someone expert traders. I believe trade could do it

Full time trading can help you in earning that amount over a period of time and if you really work hard then in next 20 years you can even more then that.

yes in the trade we did have to take a full time, because there is always a moment when the price falls and it made a huge profit

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LASERminer
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May 28, 2016, 05:27:36 PM
 #2427

Oh mate, 1000 bitcoin is very huge number of bitcoin.
I can not imagine that you target it during 20 years, it mean you should get 50 bitcoin every years...
50BTC equals to 2 blocks found now, and 4 blocks after halving, not hard to imagine with right amount of mining power.
Although keeping up with difficulty may deny accumulating coins at this rate. I think it is matter of scale of investment, surely there are miners earning even much higher yearly income.
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May 29, 2016, 01:15:24 AM
 #2428

Oh mate, 1000 bitcoin is very huge number of bitcoin.
I can not imagine that you target it during 20 years, it mean you should get 50 bitcoin every years...
50BTC equals to 2 blocks found now, and 4 blocks after halving, not hard to imagine with right amount of mining power.
Although keeping up with difficulty may deny accumulating coins at this rate. I think it is matter of scale of investment, surely there are miners earning even much higher yearly income.
50BTC would already be a good amount when your retire in 20 years, the thing is you need to live in a place where you can live a comfortable life with that 50BTC, sure the price then will increase in substantial value and you are living in asia then most likely your are still a millionaire.

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Nadicona
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May 29, 2016, 10:32:06 AM
 #2429

Oh mate, 1000 bitcoin is very huge number of bitcoin.
I can not imagine that you target it during 20 years, it mean you should get 50 bitcoin every years...
50BTC equals to 2 blocks found now, and 4 blocks after halving, not hard to imagine with right amount of mining power.
Although keeping up with difficulty may deny accumulating coins at this rate. I think it is matter of scale of investment, surely there are miners earning even much higher yearly income.
50BTC would already be a good amount when your retire in 20 years, the thing is you need to live in a place where you can live a comfortable life with that 50BTC, sure the price then will increase in substantial value and you are living in asia then most likely your are still a millionaire.

In 20 years, the price could be around $1 million each. So you just need 1 to 10 to retire happily.

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May 29, 2016, 10:54:39 AM
 #2430

I think 50BTC is enough but I dont know if btc still survive in next 20years or not  Cheesy
Junamalik
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May 29, 2016, 10:56:48 AM
 #2431

I think 50BTC is enough but I dont know if btc still survive in next 20years or not  Cheesy

i hope this year i can earn 50btc so i can hold it for retiremment day Grin

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May 29, 2016, 12:49:46 PM
 #2432

1 BTC. After 20 years it will be worth $100000  Grin
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May 29, 2016, 10:17:31 PM
 #2433

1 BTC. After 20 years it will be worth $100000  Grin

Anything is possible and we cannot afford to neglect the fact that bitcoin has that potential to achieve that price in next 20 years, only thing is we need to wait longer to see that price.
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May 29, 2016, 10:40:55 PM
 #2434

1 BTC. After 20 years it will be worth $100000  Grin
it looks like it was an impossible thing to happen. come on think rationally. prices will not grow that high. it's beyond reason.
maybe the price will be around $ 2,000
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May 29, 2016, 11:00:34 PM
 #2435

1 BTC. After 20 years it will be worth $100000  Grin
it looks like it was an impossible thing to happen. come on think rationally. prices will not grow that high. it's beyond reason.
maybe the price will be around $ 2,000

No mate price will be much higher in next 20 years, $2k is too low to expect, price will be more then $10k in next 20 years for sure.
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May 30, 2016, 12:24:43 AM
 #2436

1 BTC. After 20 years it will be worth $100000  Grin
it looks like it was an impossible thing to happen. come on think rationally. prices will not grow that high. it's beyond reason.
maybe the price will be around $ 2,000

No mate price will be much higher in next 20 years, $2k is too low to expect, price will be more then $10k in next 20 years for sure.
Wow! I like your projection, if that will happen then I will be very rich that time, I feel like buying a mansion and a yacht with hot girls surrounds me when going a tour for vacation.
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June 01, 2016, 12:28:04 AM
 #2437

I think 50BTC is enough but I dont know if btc still survive in next 20years or not  Cheesy
you do not need to think that bitcoin will last as long as it is or not? if you persist using bitcoin in a period of 20 years. yes bitcoin will survive in that period. as long as users are still using bitcoin. bitocin will continue to survive
I think 50 btc is enough if bitcoin prices touching a price of $ 10k
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June 01, 2016, 12:38:28 AM
 #2438

You would need a lot of bitcoins to accomplish this in my eyes, it will take years to make such a amount.
I think you need around the 300 bitcoins to do this.
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June 01, 2016, 12:50:15 AM
 #2439

I think 50BTC is enough but I dont know if btc still survive in next 20years or not  Cheesy
I think the 50 BTC is not enough if you want to be rich dude. you need more than 1000 BTC within 20 years. the price may not be  more than $ 1500 (just a guess) so collected in 1000 BTC in that period. maybe you can live comfortably and wealthy by 1000 BTC

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June 01, 2016, 01:12:12 AM
 #2440

1 BTC. After 20 years it will be worth $100000  Grin

Anything is possible and we cannot afford to neglect the fact that bitcoin has that potential to achieve that price in next 20 years, only thing is we need to wait longer to see that price.
Lol if such a high price I do not need to work hard to collect hundreds of bitcoin. because if you have 1 BTC you can become a rich man. I thought the price was unreasonable and impossible to happen think if 1 BTC = $100k
its mean 0.0001 BTC worth $ 100 you must pay $ 100 for a transaction fee it was a very strange thing


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