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August 01, 2016, 01:56:00 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 not only bitcoin you need Fiat money and more investment and own your real business, if you want to retired that have enough money , work hard for now and make your money work for you.
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Dux2K
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August 01, 2016, 07:16:52 PM |
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Many factors that preventing to count how much bitcoins do you need, i don't know how much money will cost bitcoins soon and also i don't know what will happen in 20 years.
True to some point you must have some amount of bitcoin stored no matter how much you think the price will be
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azguard
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August 02, 2016, 09:23:35 AM |
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I think with the inflation of BTC a 100 btc is a must you need to earn that much to have your life free of financial problems, but supposedly a 10 btc is great though because BTC is getting higher and higher overtime.
that should be good amount of coin to have in 20 years for price we can only speculate and guess what will it be will be like it is now (which i dont think so) or it will be much higher (some even speculate over 10k) for any amount you as user need to decide what amount you need in 20 year 200k or 1mill $ in btc
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Dr.Osh
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August 02, 2016, 09:52:13 AM |
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Many factors that preventing to count how much bitcoins do you need, i don't know how much money will cost bitcoins soon and also i don't know what will happen in 20 years.
True to some point you must have some amount of bitcoin stored no matter how much you think the price will be Well certainly we need bitcoin as much at the time, because we will not be able to guess what will be the bitcoin at the time, the price is down or up, we do not need to worry about that if we have very many bitcoin. I guess it would be the same, but I think at the moment it is only bitcoin already really high
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Katanabits
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August 02, 2016, 09:53:31 AM |
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i think for me 50 btc is enough to retire in 20 years. because if we are lucky that bitcoin will continue to increase we will be millionaire in 20 years..
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mirakal
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August 03, 2016, 02:03:40 AM |
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Many factors that preventing to count how much bitcoins do you need, i don't know how much money will cost bitcoins soon and also i don't know what will happen in 20 years.
True to some point you must have some amount of bitcoin stored no matter how much you think the price will be Well certainly we need bitcoin as much at the time, because we will not be able to guess what will be the bitcoin at the time, the price is down or up, we do not need to worry about that if we have very many bitcoin. I guess it would be the same, but I think at the moment it is only bitcoin already really high Since we are talking here for a long term investment, we should not panic for any market crisis with bitcoins, our goal should only be one and we should focus on that goal, let us save and save until we reach the number of bitcoins to accumulate base on our goal.
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dihari
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August 03, 2016, 07:05:10 AM |
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you don't need to buy bitcoin if you plan to save money for 20 years. you have to save gold if you plan for it. because gold have low risk. and the stability price is better than bitcoin.
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Dux2K
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August 03, 2016, 07:50:23 PM |
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you don't need to buy bitcoin if you plan to save money for 20 years. you have to save gold if you plan for it. because gold have low risk. and the stability price is better than bitcoin.
it good to have both in long term both are good and both will go up in price some say silver will be good but I don't know when
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pearnapple
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August 03, 2016, 09:01:21 PM |
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depends on price in 20 year for start maybe 1 btc goes to price of 1 million or just 1 cent. but let say i will go retire when i collect 50000 btc, it's enough for me. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) 50000 bitcoins ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) its really a huge amount ! so you want to be a millionaire while retire ? 50000 btc will be more then 32 million $ as of the price of now but ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) after 30 year price it will be a ton, good luck for that bro ! Lol I thought it was a target that does not make sense come on use rational plan and it is possible to do or you can do. may still make sense if you have a target of at least 1000 BTC. it was very likely done by approximating 50 BTC annually. but I'm sure you had to work hard to get it If you have a lot of money you can easily buy a lot of bitcoins but if you are just working for bitcoin I am even skeptical if we can have at least 50 BTC in a year, that is hard to to by working alone. In my case, my target is just 1 BTC per month and so far I have made it but I need to risk through trading. That is right. It is better just to do normal work and be paid in the fiat and then buy bitcoin with fiat. in my opinion if i had a chance to choose right now i would choose working for bitcoins and nothing else, in my opinion bitcoins are the best as the price is going to grow
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hero1111
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August 03, 2016, 09:04:30 PM |
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For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.
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Mr. Big
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August 04, 2016, 03:12:53 AM |
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For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.
After 20 years, the cost of living is not the same as today, if you could buy a burger now for $1, for sure after 20 years it will be a bit higher... Now, if you have 100 bitcoin that time, and in one month you consume 1 bitcoin, that means you only have 100 months to live.. That's roughly 8 years... I'm sure that won't be enough.. health maintenance is higher as you age... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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azguard
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August 04, 2016, 07:53:57 AM |
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For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.
After 20 years, the cost of living is not the same as today, if you could buy a burger now for $1, for sure after 20 years it will be a bit higher... Now, if you have 100 bitcoin that time, and in one month you consume 1 bitcoin, that means you only have 100 months to live.. That's roughly 8 years... I'm sure that won't be enough.. health maintenance is higher as you age... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) in 20 years all will be the same you will have to have lot of coins in wallet or some amount that you desire in 20 year time cost of live will go up so will the BTC price
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mirakal
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August 05, 2016, 02:53:27 AM |
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For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.
After 20 years, the cost of living is not the same as today, if you could buy a burger now for $1, for sure after 20 years it will be a bit higher... Now, if you have 100 bitcoin that time, and in one month you consume 1 bitcoin, that means you only have 100 months to live.. That's roughly 8 years... I'm sure that won't be enough.. health maintenance is higher as you age... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) in 20 years all will be the same you will have to have lot of coins in wallet or some amount that you desire in 20 year time cost of live will go up so will the BTC price Does would not be the case in investing with bitcoin since it is the case when you are saving your money in the bank with a little amount of interest which is subject for inflation. In bitcoin, the amount could increase abruptly as overtime the demand will also increase.
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sourris01
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August 05, 2016, 04:21:01 AM |
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For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.
After 20 years, the cost of living is not the same as today, if you could buy a burger now for $1, for sure after 20 years it will be a bit higher... Now, if you have 100 bitcoin that time, and in one month you consume 1 bitcoin, that means you only have 100 months to live.. That's roughly 8 years... I'm sure that won't be enough.. health maintenance is higher as you age... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Nobody has understood the value of the currency and to predict what will happen in 20 years very hard. But it is important to understand that, for example, any product has a price corresponding to the cost price and any currency equivalent of the gold in the treasury of the state, as well as the bitcoin?
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rababo
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August 05, 2016, 08:13:28 AM |
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you don't need to buy bitcoin if you plan to save money for 20 years. you have to save gold if you plan for it. because gold have low risk. and the stability price is better than bitcoin.
It's good if we have both, bitcoin and gold. Bitcoin price might rise up more than gold, but it also could go downfall, because bitcoin is unpredictable. But, if we don't wanna take big risk, then gold is a good choice for long term investment, because it's stability price.
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stromma44
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August 05, 2016, 08:15:07 AM |
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you don't need to buy bitcoin if you plan to save money for 20 years. you have to save gold if you plan for it. because gold have low risk. and the stability price is better than bitcoin.
It's good if we have both, bitcoin and gold. Bitcoin price might rise up more than gold, but it also could go downfall, because bitcoin is unpredictable. But, if we don't wanna take big risk, then gold is a good choice for long term investment, because it's stability price. If you are a safe player and if you have patience to wait for returns for a long time then gold is the best option for you as gold is stable and give best profits in long run.
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mirakal
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August 05, 2016, 10:29:15 AM |
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you don't need to buy bitcoin if you plan to save money for 20 years. you have to save gold if you plan for it. because gold have low risk. and the stability price is better than bitcoin.
It's good if we have both, bitcoin and gold. Bitcoin price might rise up more than gold, but it also could go downfall, because bitcoin is unpredictable. But, if we don't wanna take big risk, then gold is a good choice for long term investment, because it's stability price. If you are a safe player and if you have patience to wait for returns for a long time then gold is the best option for you as gold is stable and give best profits in long run. You are right but not all people here are capable to invest with gold, since gold is more stable in only offers a little amount of profit so you need to put up a decent amount of money in that case for your to make a good amount of profit, with bitcoins this is very simple as you can earn in a short time being lucky with short term investment.
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Superbitzz
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August 05, 2016, 01:17:26 PM |
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For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.
After 20 years, the cost of living is not the same as today, if you could buy a burger now for $1, for sure after 20 years it will be a bit higher... Now, if you have 100 bitcoin that time, and in one month you consume 1 bitcoin, that means you only have 100 months to live.. That's roughly 8 years... I'm sure that won't be enough.. health maintenance is higher as you age... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Nobody has understood the value of the currency and to predict what will happen in 20 years very hard. But it is important to understand that, for example, any product has a price corresponding to the cost price and any currency equivalent of the gold in the treasury of the state, as well as the bitcoin? yes that is right that it does not mean that how many bitcoin do you have but the important thing is that what will be value of bitcoin after 20 years, because if the price of bitcoin is how high and you have a few bitcoin still it is good for you , but if the price of bitcoin is a low one then it will depend on the number of bitcoin you have,
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AlphaSun
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August 06, 2016, 03:03:45 PM |
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For me 100 btc is enough for to retire 20 years later i said 100 btc bitcoin price for this term if we can future 20 years later really 100 btc mean can be so big money but for now 100 btc is enough for me for retire i dont want more.
After 20 years, the cost of living is not the same as today, if you could buy a burger now for $1, for sure after 20 years it will be a bit higher... Now, if you have 100 bitcoin that time, and in one month you consume 1 bitcoin, that means you only have 100 months to live.. That's roughly 8 years... I'm sure that won't be enough.. health maintenance is higher as you age... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Nobody has understood the value of the currency and to predict what will happen in 20 years very hard. But it is important to understand that, for example, any product has a price corresponding to the cost price and any currency equivalent of the gold in the treasury of the state, as well as the bitcoin? yes that is right that it does not mean that how many bitcoin do you have but the important thing is that what will be value of bitcoin after 20 years, because if the price of bitcoin is how high and you have a few bitcoin still it is good for you , but if the price of bitcoin is a low one then it will depend on the number of bitcoin you have, In 20 years, the bitcoin price will be at least 1000 times of the current value, so you need few than 10 bitcoins.
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SmirnoffVany
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August 06, 2016, 04:32:02 PM |
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Nobody has understood the value of the currency and to predict what will happen in 20 years very hard. But it is important to understand that, for example, any product has a price corresponding to the cost price and any currency equivalent of the gold in the treasury of the state, as well as the bitcoin? yes that is right that it does not mean that how many bitcoin do you have but the important thing is that what will be value of bitcoin after 20 years, because if the price of bitcoin is how high and you have a few bitcoin still it is good for you , but if the price of bitcoin is a low one then it will depend on the number of bitcoin you have, In 20 years, the bitcoin price will be at least 1000 times of the current value, so you need few than 10 bitcoins. If we do so we will apply to the world as a treat now and just thinking about earning money, then there will be only damp earth and then no bitcoin does not need to be in 20 years.
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