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

in 20 years 1-2 BTC will be enough to retire on.

Dude you realy think it will be enough i mean i want to have at least 20 just to be sure

Thats not enough. It depends on requirement. For sure you have 20years more. So that can have a try to get 5bitcoins every year which will count to some 100bitcoins which is more or less enough based on your necessity.

Wrong. in 20 years, bitcoin's value will either be high (say $50,000+) or very low (say under $100).

In either case, you won't need 100 bitcoins because it'll either be not nearly enough, or you will need much less.

that satoshi prediction started in 2010, so 6 years already passed, it's 14 years remaining at this point, not 20 anymore, the final target is 2030

and anyway i doubt 1-2 btc will suffice for a retirement

How much do you think bitcoin will be worth in 2030?
I'm always wondering this since you don't need to be a millionaire to retire

going by simple math based on the halving, and on the fact that the value will not remain at this point because of that reason, i can estimate around 10k(8k to be precise) for 2030, as a minimum value, not peak

I am wishing that what you said can be true if bitcoin will be 10.000 dollars worth in 2030 oh damn I will be a happy champ.
But the problem with bitcoin we can never know what will happen and I think it won't be that stable for that price.

So lets see what is going to happen in year 2030 man I don't like waiting.

You need to wait mate if you want to enjoy the profits, but I believe not to wait till 2030 as it is a long span of time, and maybe bitcoin would not survive till then, so its better that we believe in present and keep on playing with bitcoins when there is price fluctuations, I feel having 100 bitcoins at a moment can be a descent amount to hold for next 5 to 10 years.