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expert4knowledge
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July 11, 2016, 09:04:34 PM |
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The more the better, that's the only precise answer. It's hard to say what price we will have by then, but I am positve it will be much higher then now.
That is, if the project succeeds offcourse.
Yes, the more is better but the problem is that how many? I think with current price I want to sell them now about 70 bitcons are enough. |
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dhampir-D
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July 11, 2016, 09:35:29 PM |
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It depends on the country in which you live and the local currency. The cost of living in the region will make the difference.
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Cast12
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July 11, 2016, 10:33:17 PM |
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I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.
Currencies are highly unpredictable, especially with digital crypto currencies. You might think you have saved up enough, and then when you reach there, the price drops. That won't be good. Saving up more than you need would be much better. Although this can be kept in mind, we cannot predict how much you would need for retirement. The price just changes too much. It's better to have more than you need, and not need them, then to need them and not have them  . |
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diodio5
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July 11, 2016, 11:17:43 PM |
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It depends on the country in which you live and the local currency. The cost of living in the region will make the difference.
I think if you see something of the minimum you would always feel less if you've got it so I think look for countries that have a higher cost of living. then calculate the amount of bitcoin what you need. so you're not going to trouble in the future when there is something that does not want |
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sirohige
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July 12, 2016, 12:07:14 AM |
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It depends on the country in which you live and the local currency. The cost of living in the region will make the difference.
for me it depends of your style of life too. some people can life in america with simple style, and not all richman have style luxury and excessive. in my country you can live just with $300 cost permonth |
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mirakal
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Activity: 3164
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Leading Crypto Sports Betting & Casino Platform
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July 12, 2016, 05:15:19 AM |
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It depends on the country in which you live and the local currency. The cost of living in the region will make the difference.
for me it depends of your style of life too. some people can life in america with simple style, and not all richman have style luxury and excessive. in my country you can live just with $300 cost permonth $300? Man what kind of life you are living? That is too small to spend within a month, we all want to live a comfortable life and with that amount you cannot spend for you leisure time anymore. |
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Ardenyham
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July 12, 2016, 06:55:26 AM |
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I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.
Currencies are highly unpredictable, especially with digital crypto currencies. You might think you have saved up enough, and then when you reach there, the price drops. That won't be good. Saving up more than you need would be much better. Although this can be kept in mind, we cannot predict how much you would need for retirement. The price just changes too much. Thats why I always prefer to save in fiat instead of bitcoin for retirement life. because saving fiat money and calculation about every thing would be very easy and also fiat is more stable so if we fix a target it won't change or effect anyway. but Bitcoin is a digital currency as you said and predicting about it is very hard. specially when it comes about 20 years after. then it will be more difficult to say that how much bitcoin I need after 20 years.. bitcoin price changes in minute and second bases, and some time it reduce and increase 100 dollars in one day. Yes. this is also true that there is a chance of getting more profit but both can happen. profit or lose. better to save your own local currency. |
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Zooplus
Legendary
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Activity: 1106
Merit: 1000
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July 12, 2016, 07:17:44 AM |
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I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.
Currencies are highly unpredictable, especially with digital crypto currencies. You might think you have saved up enough, and then when you reach there, the price drops. That won't be good. Saving up more than you need would be much better. Although this can be kept in mind, we cannot predict how much you would need for retirement. The price just changes too much. Thats why I always prefer to save in fiat instead of bitcoin for retirement life. because saving fiat money and calculation about every thing would be very easy and also fiat is more stable so if we fix a target it won't change or effect anyway. but Bitcoin is a digital currency as you said and predicting about it is very hard. specially when it comes about 20 years after. then it will be more difficult to say that how much bitcoin I need after 20 years.. bitcoin price changes in minute and second bases, and some time it reduce and increase 100 dollars in one day. Yes. this is also true that there is a chance of getting more profit but both can happen. profit or lose. better to save your own local currency. I do the opposite and I am taking the riskier way because I have a big ambition in life and I believe bitcoins will be in 20 years, it is my future that is at stake and I am willing to risk it. |
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bitlancr
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July 12, 2016, 07:50:43 AM |
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I think that you will need quiet allot of Bitcoin at least 100 of them if you want to make some good money in the future.
Maybe the price in the future is not going to be as high as we expect it do be so you will need all the Bitcoin that you can earn.
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escrowboy
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July 12, 2016, 02:01:18 PM |
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I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.
Yes you are right. We also need to count how much is the inflation on that years and the price of bitcoin for the next 20 years and you predict it. i doubt that there will be any inflation in bitcoin price, in my opinion the price of the bitcoin is only going to grow so i think you will need something like 100 bitcoins and that would be enough The inflation will be lower then the fiat form eventually if the rate just keeps going up.. But the day the rate flux down - then thats when you`ll be having problems of the inflation and to be comparable to the dollar if thats the end goal here then it would have to be lower or match 1%. Bitcoin is not inflating because it has limited supply which is 21 million, once we achieve to mine those expect the value of bitcoin to deflate. Only paper money is inflating because bank make you paper money as long as they want. |
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anthonydar
Full Member
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Activity: 203
Merit: 100
★CryptoGamesFX.com★
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July 12, 2016, 05:43:42 PM |
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I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.
Yes you are right. We also need to count how much is the inflation on that years and the price of bitcoin for the next 20 years and you predict it. i doubt that there will be any inflation in bitcoin price, in my opinion the price of the bitcoin is only going to grow so i think you will need something like 100 bitcoins and that would be enough The inflation will be lower then the fiat form eventually if the rate just keeps going up.. But the day the rate flux down - then thats when you`ll be having problems of the inflation and to be comparable to the dollar if thats the end goal here then it would have to be lower or match 1%. Bitcoin is not inflating because it has limited supply which is 21 million, once we achieve to mine those expect the value of bitcoin to deflate. Only paper money is inflating because bank make you paper money as long as they want. That is right. So the bitcoin price will rise in the future. First, it will rise fast to replace the fiats. Then it will rise as the economy grows. |
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hermanhs09
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July 12, 2016, 10:48:43 PM |
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I think you need to know few things, bitcoin have not stable price and also your question depends on country where are you live, so noone can answer on your question.
Yes you are right. We also need to count how much is the inflation on that years and the price of bitcoin for the next 20 years and you predict it. i doubt that there will be any inflation in bitcoin price, in my opinion the price of the bitcoin is only going to grow so i think you will need something like 100 bitcoins and that would be enough The inflation will be lower then the fiat form eventually if the rate just keeps going up.. But the day the rate flux down - then thats when you`ll be having problems of the inflation and to be comparable to the dollar if thats the end goal here then it would have to be lower or match 1%. Bitcoin is not inflating because it has limited supply which is 21 million, once we achieve to mine those expect the value of bitcoin to deflate. Only paper money is inflating because bank make you paper money as long as they want. That is right. So the bitcoin price will rise in the future. First, it will rise fast to replace the fiats. Then it will rise as the economy grows. You really think that bitcoin is a cure for poverty in our world? because basically,the thing that claim in your post,actually is saying about it. Bitcoin is a strong currency,we see it a great tool but you cannot get over-excited and say that it is that great,it can finish fiat. We may see something like this in some time,but probably bitcoin wont win this war. |
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Dux2K
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Activity: 1022
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Blocklancer - Freelance on the Blockchain
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July 13, 2016, 08:46:59 PM |
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With this current price and we all know that it will go up 10-20 will be enough
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mark coins
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July 13, 2016, 08:54:25 PM |
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With this current price and we all know that it will go up 10-20 will be enough
We are not sure what will be the price after 20 years, so to be on safer side I think we should try to collect more coins so even if price goes lower, more coins will take good care of us. |
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blackmachinegun
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July 13, 2016, 09:18:24 PM |
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With this current price and we all know that it will go up 10-20 will be enough
nope you're supposed to think or predict the smallest price is going to happen in 20 years. so it will motivate you to get more bitcoin and surely you have prepared for the possibility that the smallest price so you will not be disappointed with the price in the future. because you've been preparing for it |
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anthonydar
Full Member
Offline
Activity: 203
Merit: 100
★CryptoGamesFX.com★
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July 14, 2016, 10:02:46 AM |
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With this current price and we all know that it will go up 10-20 will be enough
nope you're supposed to think or predict the smallest price is going to happen in 20 years. so it will motivate you to get more bitcoin and surely you have prepared for the possibility that the smallest price so you will not be disappointed with the price in the future. because you've been preparing for it I think the price of bitcoin is good now. It does not rise too much and there is no price bubble. We can buy more. |
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Hatuferu
Legendary
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Activity: 1092
Merit: 1000
https://trueflip.io/
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July 14, 2016, 01:05:34 PM |
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With this current price and we all know that it will go up 10-20 will be enough
nope you're supposed to think or predict the smallest price is going to happen in 20 years. so it will motivate you to get more bitcoin and surely you have prepared for the possibility that the smallest price so you will not be disappointed with the price in the future. because you've been preparing for it I think the price of bitcoin is good now. It does not rise too much and there is no price bubble. We can buy more. We should do that, but make you understand the current trend pretty much so will will not easily dump when you see price fall back, any price fall back is normal as the next thing would happen is continuous price increase. |
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nururochac
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July 14, 2016, 01:11:06 PM |
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With this current price and we all know that it will go up 10-20 will be enough
nope you're supposed to think or predict the smallest price is going to happen in 20 years. so it will motivate you to get more bitcoin and surely you have prepared for the possibility that the smallest price so you will not be disappointed with the price in the future. because you've been preparing for it I think the price of bitcoin is good now. It does not rise too much and there is no price bubble. We can buy more. We should do that, but make you understand the current trend pretty much so will will not easily dump when you see price fall back, any price fall back is normal as the next thing would happen is continuous price increase. Buying more today is not even too late as can still consider ourselves as early adopter of bitcoin. Bitcoin's price is currently on is stable state, so we can safely say that there's no bubble surrounding the price for now. |
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Altynbekova
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July 14, 2016, 01:49:33 PM |
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You are going to need quiet some Bitcoin if you want to retire over 20 years but I have to say that it is going to depend allot on the value.
If the value is high then you will need less Bitcoin but if it is low then you will need more of course.
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AlphaSun
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July 14, 2016, 07:54:26 PM |
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You are going to need quiet some Bitcoin if you want to retire over 20 years but I have to say that it is going to depend allot on the value.
If the value is high then you will need less Bitcoin but if it is low then you will need more of course.
I think the price of bitcoin will rise a lot in the next 20 years, it could rise between 100 to 1000 times. |
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