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CasioK
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June 30, 2016, 08:03:05 AM
Last edit: July 05, 2016, 11:24:04 AM by CasioK |
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if you want to retire in 20 years you need allot of bitcoins if the bitcoin value will still be the same as now off course.
|Otherwise the price of the bitcoin needs to be that high that you only need a couple of them but we should never know what the price will be
May be you can invest bitcoins and relax for retirement, for example open a bitcoin based casino and then just relax. Because that will give you steady profits for a longer time and not much risk too. Because I have seen many gambling house owners are becoming millionaire very easily compared to any other business. |
INVALID BBCODE: close of unopened tag in table (1)
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jossiel
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June 30, 2016, 08:16:54 AM |
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It depends on many thing, first is that when you want to sell your bitcoins and how is your life style?
Exactly, your lifestyle will determine your satisfaction. If you just want a simple lifestyle and that would be good because you value more your family than money, 10 BTC would be enough for you. We don't know what is going to be the price of bitcoin after 20 years. But I think 10 bitcoin is not enough for that to live your life after retiring. I would suggest that maybe thousands of bitcoin is enough for you to enjoy your retirement with bitcoin. |
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phreaky
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June 30, 2016, 08:39:22 AM |
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To be honest it is all going to depend on the price of the Bitcoin at that time and it is impossible to predict the price of the Bitcoin over 20 years.
That is the thing with Bitcoin we are waiting for the future but we do not even know if the waiting is going to pay off.
There is now way that we be able to know that because it do depends on the price like you sad. You can have thousand Bitcoin but if the price per Bitcoin is just $5 then you are not going to be rich. That is the thing with Bitcoin we are waiting but it is not sure if we are going to see results. |
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jossiel
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June 30, 2016, 09:09:07 AM |
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To be honest it is all going to depend on the price of the Bitcoin at that time and it is impossible to predict the price of the Bitcoin over 20 years.
That is the thing with Bitcoin we are waiting for the future but we do not even know if the waiting is going to pay off.
There is now way that we be able to know that because it do depends on the price like you sad. You can have thousand Bitcoin but if the price per Bitcoin is just $5 then you are not going to be rich. That is the thing with Bitcoin we are waiting but it is not sure if we are going to see results. Well we can't go back to the past where the price of bitcoin is $5 that time. What we need to do now is go with flow of what is happening with bitcoin. And if you want to be rich with bitcoin then you must work hard and the earnings you can get just save it for your retirement for 20 years. Save as many as you can for 20 years. |
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leonix007
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June 30, 2016, 11:07:34 AM |
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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?
for me, you need to have at least 200 BTC in your wallet in order to have a decent retirement, I actually based this on BTC pricing from the last 7 yrs, if there is a price increase and decrease it would probably not too high that may reach about $1000 each and below $200 so thats my bet. |
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GamingBro
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June 30, 2016, 01:26:37 PM |
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With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.
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BlueStackz
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June 30, 2016, 07:19:25 PM |
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if you want to retire in 20 years you need allot of bitcoins if the bitcoin value will still be the same as now off course.
|Otherwise the price of the bitcoin needs to be that high that you only need a couple of them but we should never know what the price will be
In 20 years, the price of bitcoin could be $250,000 each, so you need 20 bitcoin to have a very good life. Well but expecting too high price and hence saving a small amount of bitcoins might cause trouble later. You should save according to the price right now and hence save at least 100 bitcoins for your retirement. |
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anthonydar
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June 30, 2016, 08:08:35 PM |
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With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.
The price will be at least 1000 times more than current price in 20 years. So you need fewer than 100 coins. |
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Dux2K
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June 30, 2016, 08:42:43 PM |
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We can speculate all day bottom line is the more coin we have the better
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betohell
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June 30, 2016, 09:41:16 PM |
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It depends on many thing, first is that when you want to sell your bitcoins and how is your life style?
of course sell it in 20 years to come? and I'm not so wasteful with my finances. may I use at least $ 5 a day? What do you think about this ? |
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BitMaxz
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June 30, 2016, 09:54:01 PM |
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It depends on many thing, first is that when you want to sell your bitcoins and how is your life style?
of course sell it in 20 years to come? and I'm not so wasteful with my finances. may I use at least $ 5 a day? What do you think about this ? Honestly i am not setting when i sell bitcoins im am relaying in the price of bitcoin we don't know what will happen in bitcoin so present is the best to relay how much will be price of bitcoin.. so i think this coming block halving many people are selling their bitcoin if the price hit above 700 value.. |
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rekinthis
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June 30, 2016, 10:38:50 PM |
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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?
actually i think that you should get as much as you can, like prepare for future, buy them when they are cheap, sell all other cryptos to have more bitcoins, and just keep them but to be very safe, i think you should have atleast 3 bitcoins, since their price in 20 years should be very large, you should live normal life with these bitcoins |
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uname
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June 30, 2016, 10:54:18 PM |
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With price like nowdays, around $650 at my opinion you need around 10000 bitcoins, but it's also depends on country where you will live in future.
I thought it was too big. I'm sure you will not be able to collect bitcoin much. although in 20 years. so better to use targets that may occur dude ? it will be better |
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Doamader
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July 01, 2016, 12:42:07 AM |
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I believe the number of bitcoin should be around 100-300 bitcoins should be enough for sure to retire believing that the price will hit soon the 800 dollars .But to have such amount nowadays only buying on investing with some kind of project.
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mirakal
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July 01, 2016, 01:26:48 AM |
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I believe the number of bitcoin should be around 100-300 bitcoins should be enough for sure to retire believing that the price will hit soon the 800 dollars .But to have such amount nowadays only buying on investing with some kind of project.
If you are ambitious enough you would not be contented with the amount of $800 dollars, it is a long way to go my friend, we are talking of 20 year so expect the price to double or even x10. |
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lixer
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July 01, 2016, 08:50:25 AM |
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1 BITCOIN  That is too optimistic. I think we need at least 10 bitcoin. I reckon the price of each bitcoin will be between 100 to 200k US dollars. I think he did not explained and may have some some other intentions behind it. May be he wanted the OP to invest some money and hence making some profit throughout his life. |
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Dr.Osh
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July 01, 2016, 09:45:45 AM |
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now I need very much bitcoin to develop a business that I wake up, I think in 2020 I also still need bitcoin to make my business more widespread, and maybe I need bitcoin depends on the price, if I could I would collect bitcoin as much today for my needs in 2020 to come. I hope, I have bitcoin more than 100 BTC at the time
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jossiel
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July 01, 2016, 12:41:02 PM |
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now I need very much bitcoin to develop a business that I wake up, I think in 2020 I also still need bitcoin to make my business more widespread, and maybe I need bitcoin depends on the price, if I could I would collect bitcoin as much today for my needs in 2020 to come. I hope, I have bitcoin more than 100 BTC at the time
I would say 100 bitcoin is enough after 20 years for retirement if the price of bitcoin is going to be $10,000 but if not that is not enough to sustain your daily living for enjoyment for the remaining days of your life in this world. |
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expert4knowledge
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July 01, 2016, 06:33:03 PM |
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It depends on many thing, first is that when you want to sell your bitcoins and how is your life style?
Exactly, your lifestyle will determine your satisfaction. If you just want a simple lifestyle and that would be good because you value more your family than money, 10 BTC would be enough for you. to live a simple life you don't want much coins, if you want a decent and luxury lifestyle then you need more than 20 coins. For sure 20 coins is enough for living in many countries but the problem is that if they want to sell them in 20years after retiring or they want to sell them now! |
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randy8777
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July 01, 2016, 07:07:18 PM |
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now I need very much bitcoin to develop a business that I wake up, I think in 2020 I also still need bitcoin to make my business more widespread, and maybe I need bitcoin depends on the price, if I could I would collect bitcoin as much today for my needs in 2020 to come. I hope, I have bitcoin more than 100 BTC at the time
I would say 100 bitcoin is enough after 20 years for retirement if the price of bitcoin is going to be $10,000 but if not that is not enough to sustain your daily living for enjoyment for the remaining days of your life in this world. 100btc is indeed a great amount to have for the long term. the only problem nowadays is that the majority of the people can't afford to buy that many coins as the price has gone up significantly throughout the years. fact is that a lot people already struggle to collect themselves 1 whole bitcoin. it will only get harder and harder as the price will increase further in the coming years. |
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