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

[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.

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!

I'm not at all implying that bitcoin will fail,rather I'm merely informing about the current trend that has been on for that past few months. You can't simply quit your day job at this juncture because you assume it will be enough to last you into the future.

[1714600155]

1714600155

[1714600155]

1714600155

[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!

I'm not at all implying that bitcoin will fail,rather I'm merely informing about the current trend that has been on for that past few months. You can't simply quit your day job at this juncture because you assume it will be enough to last you into the future.

Oh, know I get it.

The thread is really implying that in 5-6 years you just sell your BTC and live of that. (That is how I interpreted it).

[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.

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!

I'm not at all implying that bitcoin will fail,rather I'm merely informing about the current trend that has been on for that past few months. You can't simply quit your day job at this juncture because you assume it will be enough to last you into the future.

Oh, know I get it.

The thread is really implying that in 5-6 years you just sell your BTC and live of that. (That is how I interpreted it).

Well,that is what I have assumed as well. But as of now,that is not possible so don't even think for a moment of quitting the cash ecosystem. Bitcoin acceptance is rather low among the general populace and more so among establishments where you buy all of your household needs and the like.

[harles9]

To retire comfortable, honestly, I would say 1,000BTC.

[cbeast]

Every investment will collapse. Your gold will be confiscated. Your land will be heavily taxed. Hyper-inflation will make your fiat worthless. Nothing is safe, until Bitcoin. Save what you can, never spend more than you need. Retire now and live as cheaply as you can and enjoy life.

[TwinWinNerD]

Every investment will collapse. Your gold will be confiscated. Your land will be heavily taxed. Hyper-inflation will make your fiat worthless. Nothing is safe, until Bitcoin. Save what you can, never spend more than you need. Retire now and live as cheaply as you can and enjoy life.

Problem for most is, that they can't retire with the amount they have now.

[Biodom]

Every investment will collapse. Your gold will be confiscated. Your land will be heavily taxed. Hyper-inflation will make your fiat worthless. Nothing is safe, until Bitcoin. Save what you can, never spend more than you need. Retire now and live as cheaply as you can and enjoy life.

Problem for most is, that they can't retire with the amount they have now.

instead of retiring, people are downshifting these days, and I think that this is healthier and better for most people on non-physical jobs. Studies on college professors had shown that those who got part time positions in the same school after semi-retirement were much happier (happier even than before down-shifting).

[TwinWinNerD]

Every investment will collapse. Your gold will be confiscated. Your land will be heavily taxed. Hyper-inflation will make your fiat worthless. Nothing is safe, until Bitcoin. Save what you can, never spend more than you need. Retire now and live as cheaply as you can and enjoy life.

Problem for most is, that they can't retire with the amount they have now.

instead of retiring, people are downshifting these days, and I think that this is healthier and better for most people on non-physical jobs. Studies on college professors had shown that those who got part time positions in the same school after semi-retirement were much happier (happier even than before down-shifting).

Yes, I have to agree with that.

My life goal is to not HAVE to work, but be ABLE to work and not needing the income of it.

Dependency on anything is a B I T C H

[Odalv]

There are 12 million $Millionaires. ( not enough Bitcoins for everyone to hold 2.1 BTC )

http://en.wikipedia.org/wiki/Millionaire

The World Wealth Report 2013 found the World’s High Net Worth (HNW) population growing to 12 million with their assets expected to rise to $55.8 trillion by 2015.[16]

[adaseb]

I am surprised everybody here thinks BTC will be worth $5,000 in 5 years?

My prediction is that it might be worth around $1,000 IF IT survives and $0 if it crashes due to some hack or theft. Its a very risky commodity.

[cbeast]

I am surprised everybody here thinks BTC will be worth $5,000 in 5 years?

My prediction is that it might be worth around $1,000 IF IT survives and $0 if it crashes due to some hack or theft. Its a very risky commodity.

That's what they said about BRK.A

[TwinWinNerD]

I am surprised everybody here thinks BTC will be worth $5,000 in 5 years?

My prediction is that it might be worth around $1,000 IF IT survives and $0 if it crashes due to some hack or theft. Its a very risky commodity.

The thing is, if it survives the price is bound to rise. And i say that with an "IF"

[Wary]

2014 + 6 = 2020. If 10x/year trend continues, by that time the bitcoin will complete it's exponential phase. It'll reach or almost reach it's limit and it's total purchasing parity will slowly grow with the growth of world GDP (which is about 7% annually, on average). The number of bitcoins will grow with rate about of 4%, and after the halving of 2021, - 2% per year.

So, your bitcoin's capital purchasing parity will grow, on average, 7%-2% = 5% per year. For this 5% worth 30K$, your whole bitcoin capital must be worth (in today's purchasing parity) 600K$.

How much will bitcoin cost in 6 years? Optimistic scenarios vary from 100K$ to 1M$ (pessimistic - zero  ). Therefore to retire in 6 years time with equvalent of today's 30K$ annuall income you will need capital of 0.6 - 6 btc.

[windjc]

I am surprised everybody here thinks BTC will be worth $5,000 in 5 years?

My prediction is that it might be worth around $1,000 IF IT survives and $0 if it crashes due to some hack or theft. Its a very risky commodity.

Lol. Its not a commodity. And its going to be worth much more than $1000 in 5 years. Thats almost laughable.

[Wary]

I am surprised everybody here thinks BTC will be worth $5,000 in 5 years?

My prediction is that it might be worth around $1,000 IF IT survives and $0 if it crashes due to some hack or theft. Its a very risky commodity.

Lol. Its not a commodity. And its going to be worth much more than $1000 in 5 years. Thats almost laughable.

Such estimates are signs of capitulations, i.e. bullish 

[TwinWinNerD]

I am surprised everybody here thinks BTC will be worth $5,000 in 5 years?

My prediction is that it might be worth around $1,000 IF IT survives and $0 if it crashes due to some hack or theft. Its a very risky commodity.

Lol. Its not a commodity. And its going to be worth much more than $1000 in 5 years. Thats almost laughable.

Such estimates are signs of capitulations, i.e. bullish 

Your nickname is awesome

Most people can only see black or white. If there is no place for something in their worldview, then they will completely ANTI. Sad but true.

Those guys are mostly religeous too... figuers

[martinw79]

To retire in 5 years I'd have at least 25BTC tucked away in cold storage.

[Wary]

Your nickname is awesome

Thanks 

[chunglam]

To retire comfortable, honestly, I would say 1,000BTC.

1000BTC is enough even for now, 5% withdrawal rate give you 30k yearly expense. 5% yearly appreciation rate for Bitcoin is very conservative. In 5-6 years, I think we only need 100BTC.

[aminorex]

To retire comfortable, honestly, I would say 1,000BTC.

1000BTC is enough even for now, 5% withdrawal rate give you 30k yearly expense. 5% yearly appreciation rate for Bitcoin is very conservative. In 5-6 years, I think we only need 100BTC.

Implying a 6k USD BTC price, which seems incredibly low in 5 years' time.  In one year's time, I could see that, after a single bubble crash.  I think 2 more bubbles in 5 years is a minimum, with a 15k BTC being the least result which can be reasonably envisioned, so 30 BTC should do the trick, if you don't need to travel, and your medicall is socialized.  4 bubbles is more likely, so 10 BTC is probably going to be adequate to that scenario.