Ninjastic
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Re: How many bitcoins do I need to retire in 20 years?
by
JumperX
on 14/08/2016, 11:40:02 UTC
Quote from: AlphaSun on August 14, 2016, 10:00:31 AM
Quote from: Mauser on August 13, 2016, 03:54:42 AM
Quote from: X7 on August 13, 2016, 03:39:03 AM
I would estimate 10-20 BTC

Seems very low to me. Not sure from which country you are from but I would assume you need at least 1-2btc a month at current prices to cover all living expenses, pay taxes, enjoy leisure, etc. You would need these 10-20 per year just to live.
Of course the bitcoin price will rise and you will need less coins,but the living expenses are rising alsim

It depends on the bitcoin price. I reckon the bitcoin price will double every two years, so that price will be $500,000 each then.

I don't think that is possible, we don't know whether bitcoin will exist that long or not and even if it survives its very difficult to touch that price.