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Author Topic: How many bitcoins do I need to retire in 20 years?  (Read 320306 times)
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July 23, 2016, 06:06:39 PM
 #2861

Quite an subjective question where all answers would be treated as correct  Tongue. The answer could range from 1 coin, to 1 million coins, to no amount of coins.  Even the country may ban btc or it may just not be useful after 20 years.
yeah it is really hard to predict to be honest though in my opinion it should be enough of something like 50 bitcoins as the price will be huge

 
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July 23, 2016, 06:10:32 PM
 #2862

Quite an subjective question where all answers would be treated as correct  Tongue. The answer could range from 1 coin, to 1 million coins, to no amount of coins.  Even the country may ban btc or it may just not be useful after 20 years.
yeah it is really hard to predict to be honest though in my opinion it should be enough of something like 50 bitcoins as the price will be huge
Well 50 btc is high amount of bitcoin i think even now if you have had 50 btc you start your own business right now and increase the amount of your btc using 50 btc.
Better to start your own business to retire in your job.
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July 23, 2016, 08:54:23 PM
 #2863

The technology in 20 years will be so different, I don't think an investment that prolonged in any current digital coin makes sense.

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July 23, 2016, 09:09:30 PM
 #2864

The technology in 20 years will be so different, I don't think an investment that prolonged in any current digital coin makes sense.
yup and we really don't know that bitcoin will be alive that long or not so its useless to think of that, it would be much better if we act and react in present scenario.
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July 23, 2016, 10:11:36 PM
 #2865

The technology in 20 years will be so different, I don't think an investment that prolonged in any current digital coin makes sense.

Yes, you are right about future, but anyway people can get enough money right now to live the rest of life without work i think, it's depend on amount of money only.

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July 24, 2016, 04:07:27 AM
 #2866

No one can say the exact amount of bitcoin which we need it after 20 years, when we retire from our good job and also from our good health, than of course in that time, we need a big amount. So if we refer to save the fiat currency into bitcoins, so it is really good idea, because passing the time bitcoin value will be increased, But i think less than 20 Bitcoins is enough amount to save for your retire life.
Well, since we don't know the future we can never tell what will happen in the future, at current we are living with our prediction about bitcoins and investing in bitcoin and treating it as our retirement money in the future would mean a big faith in this digital currency. I salute those people who are doing this as they deserved to be rewarded when they retired.

If some of us were brave enough when we knew the bitcoin 5 years ago and bought some, we would be rich.

That is if what we are expecting to happen are going to happen indeed. 
I say you do need to have thousands of bitcoin and maybe altcoins as well just as your fallback. For someone who doesn't have health insurance, this is going to be necessary and that is why i'm preparing myself.

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July 24, 2016, 05:50:42 AM
 #2867

No one can say the exact amount of bitcoin which we need it after 20 years, when we retire from our good job and also from our good health, than of course in that time, we need a big amount. So if we refer to save the fiat currency into bitcoins, so it is really good idea, because passing the time bitcoin value will be increased, But i think less than 20 Bitcoins is enough amount to save for your retire life.
Well, since we don't know the future we can never tell what will happen in the future, at current we are living with our prediction about bitcoins and investing in bitcoin and treating it as our retirement money in the future would mean a big faith in this digital currency. I salute those people who are doing this as they deserved to be rewarded when they retired.

If some of us were brave enough when we knew the bitcoin 5 years ago and bought some, we would be rich.

That is if what we are expecting to happen are going to happen indeed. 
I say you do need to have thousands of bitcoin and maybe altcoins as well just as your fallback. For someone who doesn't have health insurance, this is going to be necessary and that is why i'm preparing myself.
We should not actually rely fully on bitcoin for our retirement as we never know if this bitcoin will still exist in the near future. I am a believer of bitcoin but I reserved some doubts on this project and I believe that should be the way of thinking for everyone here.
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July 24, 2016, 07:59:16 AM
 #2868

As minimum as 3 Bitcoin. Because someday after so many years, maybe the price for bitcoin will rise at 1000$ per btc so in that case you will get as much as 3000$ . But I think after 20 Years ? Maybe Bitcoin is dead now, or dumped I think. Because look at the other Altcoins now, look, they have the potential to rise at least 500$ per Coin. So in that case, if all Bitcoin blocks is now mined, maybe this other altcoins will rise and it will exchange it on Bitcoin's place for now.

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July 24, 2016, 12:45:44 PM
 #2869

As minimum as 3 Bitcoin. Because someday after so many years, maybe the price for bitcoin will rise at 1000$ per btc so in that case you will get as much as 3000$ . But I think after 20 Years ? Maybe Bitcoin is dead now, or dumped I think. Because look at the other Altcoins now, look, they have the potential to rise at least 500$ per Coin. So in that case, if all Bitcoin blocks is now mined, maybe this other altcoins will rise and it will exchange it on Bitcoin's place for now.
Well, if you are just trusting your future with 3 Bitcoins then that is up to you because you will be the one who will save for that but for me I would just have to save at least 10 bitcoins because we don't know the future of bitcoins if the price will rely rise that big. I believe it will rise but not that really high compared to the price now. It is better to have a conservative estimate in order to raise for bitcoins in the future.

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July 25, 2016, 07:26:41 AM
 #2870

As minimum as 3 Bitcoin. Because someday after so many years, maybe the price for bitcoin will rise at 1000$ per btc so in that case you will get as much as 3000$ . But I think after 20 Years ? Maybe Bitcoin is dead now, or dumped I think. Because look at the other Altcoins now, look, they have the potential to rise at least 500$ per Coin. So in that case, if all Bitcoin blocks is now mined, maybe this other altcoins will rise and it will exchange it on Bitcoin's place for now.
Well, if you are just trusting your future with 3 Bitcoins then that is up to you because you will be the one who will save for that but for me I would just have to save at least 10 bitcoins because we don't know the future of bitcoins if the price will rely rise that big. I believe it will rise but not that really high compared to the price now. It is better to have a conservative estimate in order to raise for bitcoins in the future.

I think after 20 years, the bitcoin price will be about $500,000 each, so with 3 bitcoin, you should have good life.

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July 25, 2016, 02:24:34 PM
 #2871

As minimum as 3 Bitcoin. Because someday after so many years, maybe the price for bitcoin will rise at 1000$ per btc so in that case you will get as much as 3000$ . But I think after 20 Years ? Maybe Bitcoin is dead now, or dumped I think. Because look at the other Altcoins now, look, they have the potential to rise at least 500$ per Coin. So in that case, if all Bitcoin blocks is now mined, maybe this other altcoins will rise and it will exchange it on Bitcoin's place for now.
Well, if you are just trusting your future with 3 Bitcoins then that is up to you because you will be the one who will save for that but for me I would just have to save at least 10 bitcoins because we don't know the future of bitcoins if the price will rely rise that big. I believe it will rise but not that really high compared to the price now. It is better to have a conservative estimate in order to raise for bitcoins in the future.

I think after 20 years, the bitcoin price will be about $500,000 each, so with 3 bitcoin, you should have good life.
That is a good estimate and I really like that to happen, but after 20 years what would be the prices of the basic commodities, the amount you have mentioned would still be having the same value after 20 years? if the answer is yes then we should live a comfortable life then.

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July 25, 2016, 02:29:28 PM
 #2872

As minimum as 3 Bitcoin. Because someday after so many years, maybe the price for bitcoin will rise at 1000$ per btc so in that case you will get as much as 3000$ . But I think after 20 Years ? Maybe Bitcoin is dead now, or dumped I think. Because look at the other Altcoins now, look, they have the potential to rise at least 500$ per Coin. So in that case, if all Bitcoin blocks is now mined, maybe this other altcoins will rise and it will exchange it on Bitcoin's place for now.
Well, if you are just trusting your future with 3 Bitcoins then that is up to you because you will be the one who will save for that but for me I would just have to save at least 10 bitcoins because we don't know the future of bitcoins if the price will rely rise that big. I believe it will rise but not that really high compared to the price now. It is better to have a conservative estimate in order to raise for bitcoins in the future.

I think after 20 years, the bitcoin price will be about $500,000 each, so with 3 bitcoin, you should have good life.
We can't predict anything about the future of bitcoin, I need nearly 20 bitcoin so that it don't hurt me if the price doesn't skyrocket after 20 years.
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July 25, 2016, 04:30:03 PM
 #2873

As minimum as 3 Bitcoin. Because someday after so many years, maybe the price for bitcoin will rise at 1000$ per btc so in that case you will get as much as 3000$ . But I think after 20 Years ? Maybe Bitcoin is dead now, or dumped I think. Because look at the other Altcoins now, look, they have the potential to rise at least 500$ per Coin. So in that case, if all Bitcoin blocks is now mined, maybe this other altcoins will rise and it will exchange it on Bitcoin's place for now.
Well, if you are just trusting your future with 3 Bitcoins then that is up to you because you will be the one who will save for that but for me I would just have to save at least 10 bitcoins because we don't know the future of bitcoins if the price will rely rise that big. I believe it will rise but not that really high compared to the price now. It is better to have a conservative estimate in order to raise for bitcoins in the future.

I think after 20 years, the bitcoin price will be about $500,000 each, so with 3 bitcoin, you should have good life.
We can't predict anything about the future of bitcoin, I need nearly 20 bitcoin so that it don't hurt me if the price doesn't skyrocket after 20 years.

20 in 20 year that is nice with some good price that would be fine

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July 25, 2016, 05:35:36 PM
 #2874

As minimum as 3 Bitcoin. Because someday after so many years, maybe the price for bitcoin will rise at 1000$ per btc so in that case you will get as much as 3000$ . But I think after 20 Years ? Maybe Bitcoin is dead now, or dumped I think. Because look at the other Altcoins now, look, they have the potential to rise at least 500$ per Coin. So in that case, if all Bitcoin blocks is now mined, maybe this other altcoins will rise and it will exchange it on Bitcoin's place for now.
Well, if you are just trusting your future with 3 Bitcoins then that is up to you because you will be the one who will save for that but for me I would just have to save at least 10 bitcoins because we don't know the future of bitcoins if the price will rely rise that big. I believe it will rise but not that really high compared to the price now. It is better to have a conservative estimate in order to raise for bitcoins in the future.

I think after 20 years, the bitcoin price will be about $500,000 each, so with 3 bitcoin, you should have good life.
We can't predict anything about the future of bitcoin, I need nearly 20 bitcoin so that it don't hurt me if the price doesn't skyrocket after 20 years.

20 in 20 year that is nice with some good price that would be fine

I dont know about 20 years to reach those levels, it would probably taking more..

Since we wouldnt know based on time, its better to make up the difference now in quantity if it ever does reach those levels..
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July 25, 2016, 06:46:56 PM
 #2875

As minimum as 3 Bitcoin. Because someday after so many years, maybe the price for bitcoin will rise at 1000$ per btc so in that case you will get as much as 3000$ . But I think after 20 Years ? Maybe Bitcoin is dead now, or dumped I think. Because look at the other Altcoins now, look, they have the potential to rise at least 500$ per Coin. So in that case, if all Bitcoin blocks is now mined, maybe this other altcoins will rise and it will exchange it on Bitcoin's place for now.
Well, if you are just trusting your future with 3 Bitcoins then that is up to you because you will be the one who will save for that but for me I would just have to save at least 10 bitcoins because we don't know the future of bitcoins if the price will rely rise that big. I believe it will rise but not that really high compared to the price now. It is better to have a conservative estimate in order to raise for bitcoins in the future.

I think after 20 years, the bitcoin price will be about $500,000 each, so with 3 bitcoin, you should have good life.
We can't predict anything about the future of bitcoin, I need nearly 20 bitcoin so that it don't hurt me if the price doesn't skyrocket after 20 years.

20 in 20 year that is nice with some good price that would be fine

I dont know about 20 years to reach those levels, it would probably taking more..

Since we wouldnt know based on time, its better to make up the difference now in quantity if it ever does reach those levels..
Well, we can predict our heart's content about bitcoin, but if you calculate it according to the circumstances, perhaps the price of bitcoin will not be as high as $500,000 in 2020. The highest possible bitcoin price at the time was $ 2,000. we need bitcoin as much as possible to make our lives easier when the time comes


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July 25, 2016, 07:16:58 PM
 #2876

As minimum as 3 Bitcoin. Because someday after so many years, maybe the price for bitcoin will rise at 1000$ per btc so in that case you will get as much as 3000$ . But I think after 20 Years ? Maybe Bitcoin is dead now, or dumped I think. Because look at the other Altcoins now, look, they have the potential to rise at least 500$ per Coin. So in that case, if all Bitcoin blocks is now mined, maybe this other altcoins will rise and it will exchange it on Bitcoin's place for now.
Well, if you are just trusting your future with 3 Bitcoins then that is up to you because you will be the one who will save for that but for me I would just have to save at least 10 bitcoins because we don't know the future of bitcoins if the price will rely rise that big. I believe it will rise but not that really high compared to the price now. It is better to have a conservative estimate in order to raise for bitcoins in the future.

I think after 20 years, the bitcoin price will be about $500,000 each, so with 3 bitcoin, you should have good life.
We can't predict anything about the future of bitcoin, I need nearly 20 bitcoin so that it don't hurt me if the price doesn't skyrocket after 20 years.

20 in 20 year that is nice with some good price that would be fine

I dont know about 20 years to reach those levels, it would probably taking more..

Since we wouldnt know based on time, its better to make up the difference now in quantity if it ever does reach those levels..
Well, we can predict our heart's content about bitcoin, but if you calculate it according to the circumstances, perhaps the price of bitcoin will not be as high as $500,000 in 2020. The highest possible bitcoin price at the time was $ 2,000. we need bitcoin as much as possible to make our lives easier when the time comes

If bitcoin will survive for next 20 years then I think it will be holding price of more then $2k for sure, as people are hoping to see that price in next 5 years.
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July 25, 2016, 08:41:42 PM
 #2877

i need billion of b itcoins to retire because i want to invest money in my own country and open 2 companies so I will need a lot of hardworking to earn that amount of bitcoins.
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July 26, 2016, 07:36:11 AM
 #2878

I have a good idea for you, in 20 years the price of bitcoins is going to be greater than the current but you cannot assure how much you need. Okay, I would tell you now that you have to start saving this year and do your savings in a yearly manner and for 1 BTC a year that would be a good amount to accumulate for 20 years.

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July 26, 2016, 08:53:37 AM
 #2879

in 20 years question is how much dollar you want to have in that moment if some 250000$ for example is enough by that time i believe that if price could be 5000 the 250 btc is enough
off course this is only speculation no can guess right what will be price in 20 year



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July 26, 2016, 08:57:53 AM
 #2880

Nobody can give an answer to that question.
The one say the bitcoin will be worthless then because nobody is mining anymore.
Others calculate with a steady price increase.
Only time will tell. I will give you the answer in 20 years then.

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