How many bitcoins do I need to retire in 20 years?

[Dabs]

I'm going to engrave a private key on a rock... Or something similar. Plastic is a little better than paper. Aluminum is better than plastic and probably all you really need. Steel is good too. Tungsten will not melt in a normal house fire.

[1714985584]

1714985584

[DeboraMeeks]

10 bitcoins but it still wont be enough, bitcoin will stay at 1k or 2k

[gentlemand]

If the price remains at 1-2k it's not going to be of much use to anyone in the long run. It either has to go big or go home.

[Ayers]

my dream is 1 satoshi = $1, then you can retire

[keithers]

That is a loaded question because that is completely reliant upon what type of lifestyle that you want to live when you are retired.

If you want to be travelling the world on your yacht, that is completely different than waiting for your social security check to come so you can buy scratch off lotto tickets at 7-11.

[bitcasino]

If you know the intrinsic value of BTC, then you will know the minimum you need.

[TrailingComet]

Around 20-25 coins should cover it pretty well

[omgeak]

1 bitcoin ) $10.000/1 btc will be this year. $100K/1BTC will be in 5 years I think. Too much "buns" in bitcoin world enough to force the price up to the sky.

[Dabs]

Let's do a different kind of prediction. It took 5 years for bitcoin to reach about 500 USD today (actually, less now, but let's round up for easy math.)

Another 5 years, and it's another multiply by 5 = 2,500 USD
Another 5 years, and it's another multiply by 5 = 12,500 USD
Another 5 years, and it's another multiply by 5 = 62,500 USD
Another 5 years, and it's another multiply by 5 = 312,500 USD

So get maybe 3 or 4 BTC and you have a million dollars in 20 years.

You could also use another math, as 5 years = 500 so 20 years = 2000. You'd need a lot more BTC if you want to retire in 20 years.

What you could realistically do, is, whatever you are earning, set aside 10% for bitcoin every month, then buy. You should still have 90% of your original money, to spend on whatever it is you have to spend on.

[theskillzdatklls]

I think its suicidal to own less than 25 bitcoins personally, if you can afford them.

[Campsis]

I would personally advise you to get around 50 just to be safe.

Although, there is no way i see bitcoin being anywhere over 10,000$ anytime soon at all.

If they go up to 3-5k$, well happy times for you!

[bigeliphant]

As much as you need to retire.

[johny08]

[quote auth =bitcasino link=topic=587988.msg6499878#msg6499878 date=1398982506]
If you know the intrinsic value of BTC, then you will know the minimum you need.

[/quote]

  and no one can know that. Human nature is unpredictable.

[keithers]

You also have to keep in mind how atrocious the inflation will be by then... I mean a gallon of gas will probably be $20 by then!

[keithers]

I think its suicidal to own less than 25 bitcoins personally, if you can afford them.

I think 25 is a good number to be holding onto. It's a pretty decent amount of money right now, but not a nauseating amount..

[eternalgloom]

I would personally not put all my eggs in one basket, I also buy some gold and silver using my bitcoins and keep a couple of bitcoins in cold storage

[STT]

my dream is 1 satoshi = $1, then you can retire

How about 1 satoshi equals 1 cent, wouldnt that be good enough to retire on.    The problem is still costs in bitcoin, in the end.   How much btc does a farm cost now, basically you need that much for retirement in case you live 30 years without working

[Dabs]

You know, just a thousand fold increase looks good. Some of us missed the chance to buy a bunch when bitcoin was at "dollar parity" a couple years ago.

[Bit_Happy]

How many bitcoins do I need to retire in 20 years?
Somewhere between 1 BTC and 5,000 and no one knows for certain the exact answer.

[wang_yan]

You know, just a thousand fold increase looks good. Some of us missed the chance to buy a bunch when bitcoin was at "dollar parity" a couple years ago.

It's all the same, if you bought it cheap, you sold it cheap.