Post
Topic
Board Speculation
Re: How many bitcoins do I need to retire in 20 years?
by
iamthesky
on 09/03/2016, 13:16:21 UTC
You will need a lot, because you never know what the value will be after a few years. The value can be very low and that will be not good.
But the value can also be very high and that is very good. But you life will depend on Bitcoin and that will be not good.

Its always good to invest your money in multiple products, because if you depend only on bitcoins, and if it fails, then you loose everything, and you don't have an option to invest after 20 years.


Investing on different companies to grow you bitcoin is essential.
You will be needing maybe about 300-500 bitcoin with that amount i think you will live a happy life.

require 1000 bitcoin was better, because we do not know the price of bitcoin in 20 years. maybe it could be back under $100.
and I think if you want to retire is not just relying on bitcoin.

That's true it depends on the value of bitcoin after 20 years, its better that we be ready with some coins in our wallet, so even if the price low, if we hold more number of bitcoins, they can take care of us.