How many Bitcoins needed to retire in 5-6 years?

[RomertL]

No poll?

I would have to say 2.1 btc would be enough to retire in 5 years. I'm going to revisit this thread in 5 years and laugh as maybe .21 btc will be enough.

Excuse me but why the .1, just curiosity, couldn't it be 2 btc?

Sorry but according to my calcylations you need at least 2.102254 Btc

[1715178262]

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[Sophokles]

No poll?

I would have to say 2.1 btc would be enough to retire in 5 years. I'm going to revisit this thread in 5 years and laugh as maybe .21 btc will be enough.

Excuse me but why the .1, just curiosity, couldn't it be 2 btc?

10 millionth part of all BTC ever available.

[nextblast]

5 BTC is all you need for a decent retire life.

[ensurance982]

In your opinion how many Bitcoins would someone need today in order to retire by August 03 2019 or Aug 03 2020?

Assume average North American, requiring $30,000 per year of today's purchasing power, no other debt.

short answer: enough.....

after all whats the point in having 100btc at $10k each (today $10mill sounds alot), if in 5 years time it costs $1000 for a loaf of bread (do i need to quote the Zimbabwe dollar?)

today $30k sounds enough for a healthy lifestyle per year, but soon it may only buy you bread for 7 months

Are you talking about the USD right now? There may be more financial trouble incoming or even a few housing bubbles but I seriously highly doubt that the US Dollar is going to go bust or enter a phase of such an incredible hyperinflation!

[ThatDGuy]

By 2020, I'm thinking 30-40 will put an individual in the comfort range of retirement listed by OP

[adamstgBit]

in 5 years 1BTC = 6,000 - 60,000$ and 20 years 1BTC = 600,000 - 6,000,000$

if you HOLD for 5 year, and then sell only what you need when you need it, somewhere between 1-25BTC is all anyone will ever really need.

but it doesn't hurt to have more!  

[keithers]

In 5-6 years (at the rate we are going now), the average age of retirement is probably going to be much higher.   Wages are not keeping up with the massive increases in prices on almost everything.   Seriously in many jobs in the United States, you are basically breaking even once you pay for the gas to get there and pay for your lunch.

Depending on the lifestyle you want to live when you are retired, you will probably need quite a few BTC if you plan on doing more than spend your social security check on lotto scratchers (that is IF Social Security is even around by then)

[FUR11]

Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!

[Biodom]

Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!

Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.

[Odalv]

Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!

Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.

So only 21,000,000 / 500 = 42,000 people will be able to store their wealth into bitcoin ?

[jonald_fyookball]

Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!

Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.

So only 21,000,000 / 500 = 42,000 people will be able to store their wealth into bitcoin ?

good point.  thats quite a meager outlook for growth in the next 5 years.  surely we can do better.

[Biodom]

Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!

Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.

So only 21,000,000 / 500 = 42,000 people will be able to store their wealth into bitcoin ?

only 15K have more than 100BTC now
https://bitcointalk.org/index.php?topic=316297.0

If BTC is at 5K-6K in 5-6 years and then converted to cash, the resulting $2.5-3mil (from 500BTC) would provide $62.5-75K in yearly interest income in currently stable US treasuries (10 year)

[Benjig]

i would say 100 bitcoins to have a good retirement but who knows, maybe by that time bitcoin can have astronomical values and evrybody holding around 5 are millionaries.

[TwinWinNerD]

>200 BTC if we see another bull run to >10000 USD.

Interesting question, but quite redundant as 95% of the users here are under 35 years old!

[Odalv]

Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!

Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.

So only 21,000,000 / 500 = 42,000 people will be able to store their wealth into bitcoin ?

only 15K have more than 100BTC now
https://bitcointalk.org/index.php?topic=316297.0

If BTC is at 5K-6K in 5-6 years and then converted to cash, the resulting $2.5-3mil (from 500BTC) would provide $62.5-75K in yearly interest income in currently stable US treasuries (10 year)

BTC will be $5-6k in less than 2 years. Who the hell will exchange 500 BTC for toilet paper ? :-)

[Wexlike]

But is this question really that important ? Isn't it much more important to get as much as you can right now ? (as an early adopter)

I would invest as much as i can in bitcoin, well that is what i am doing right now. But at the same time i am not rich. I am just a student and i try to spend as little money as possible to cover my monthly costs and with the leftovers of my income i buy(and mine) between 0.3-0.7 btc per month.

I really think, that +10 bitcoin should be enough. 5 years are a hell of a long time in the digital era.

We are in the middle of a monetary revolution, don't miss this opportunity to enhance your life.

(I might be totally wrong, but at least i tried with maximum effort to make the best out of my situation - and i truly believe in this digital future )

[Biodom]

Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!

Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.

So only 21,000,000 / 500 = 42,000 people will be able to store their wealth into bitcoin ?

only 15K have more than 100BTC now
https://bitcointalk.org/index.php?topic=316297.0

If BTC is at 5K-6K in 5-6 years and then converted to cash, the resulting $2.5-3mil (from 500BTC) would provide $62.5-75K in yearly interest income in currently stable US treasuries (10 year)

BTC will be $5-6k in less than 2 years. Who the hell will exchange 500 BTC for toilet paper ? :-)

I am not advocating doing so, just show some numbers. Most of the economic activity is still being transacted in fiat and you can pay taxes ONLY in fiat.

[Odalv]

Hard to say. Totally depends on the price - obviously. And the rate of inflation regular good you buy at the grocery store experience. I'd say 500 BTC should be enough for a decent life!

Yes, it could be 500 BTC
From my perspective, the best move right now that someone would have made is to sell a second house/vacation house/inherited house or apartment for BTC.
This way, you'll get a significant chunk of money into BTC without affecting your life or other savings much; maybe keep it in 90:10 or 95:5 BTC/alts, though.
Unfortunately, I don't have a second house, so this plan is moot for me personally.

So only 21,000,000 / 500 = 42,000 people will be able to store their wealth into bitcoin ?

only 15K have more than 100BTC now
https://bitcointalk.org/index.php?topic=316297.0

If BTC is at 5K-6K in 5-6 years and then converted to cash, the resulting $2.5-3mil (from 500BTC) would provide $62.5-75K in yearly interest income in currently stable US treasuries (10 year)

BTC will be $5-6k in less than 2 years. Who the hell will exchange 500 BTC for toilet paper ? :-)

I am not advocating doing so, just show some numbers. Most of the economic activity is still being transacted in fiat and you can pay taxes ONLY in fiat.

It will be lower year by year. => Bitcoin trasactions will increase exponentially.

[atc1]

Much more than you have now. The price is stuck and the exponential increase last year's end was a bubble that ha snot replicated itself recently and the consequent banning  of exchanges in various countries and the subsequent loss of interest and mass-selling that came with it obviously didn't help.

[TwinWinNerD]

Much more than you have now. The price is stuck and the exponential increase last year's end was a bubble that ha snot replicated itself recently and the consequent banning  of exchanges in various countries and the subsequent loss of interest and mass-selling that came with it obviously didn't help.

Price growth goes in hand with the exponential growth of the usefullness of the network, i.e. increasing number of people using it. There is a clear trend showing that the adoption is taking place.

You can sure argue that BTC will no grow exponentionally or even fail, but if the fundamentals look right, then the price is only the result of the underlying function!