Quote from: ArnoldChippy on June 28, 2017, 10:22:16 PM

Quote from: lipcoins on June 28, 2017, 01:53:37 PM

Quote from: DoublerHunter on June 28, 2017, 01:01:07 PM

Quote from: mamaya on June 28, 2017, 09:20:42 AM

If you are retiring in 15 years or more its well possible that 1 bitcoin can be enough to retire on even in a first world country. I wouldn't put all my eggs in one basket though and rely solely on that, I would still look at other options just incase.

Don't settle for a low amount of bitcoin aim higher, i think 10 to 20 bitcoins will be enough after 15 years or more to build an average modern looking house because the price of bitcoin is keep on growing because of the demand that keeps on coming from the new adoptions from different people and also from the countries that are getting into bitcoin because of the potential of its financial system.

Exactly! No one can possibly feel safe with 1 Bitcoin in their wallet unless they live in such a poor country where housing and living in general constitutes nearly no expense. And even then, you don't know how that may change in the next 15-20 years so one could be in for a very rude awakening...

yes that is right 1 bitcoin is not such a big amount. even you are living in a poor country, a big saving is not more safer that a permanent income which can give you a good support. i think after retirement a permanent income that we can get from trading bitcoin and altcoin will be more good as compare to saving one bitcoin.

You are right guys, but do not forget that there is possibility of failing too. I mean there is always risk with bitcoin, that much in the future that is. We are talking about 15-20 bitcoins here, which is a lot of money. And what would happen if all your retirement in bitcoins goes to waste because of, i do not know lets say bitcoin fails and lose its worth? It is not wise to rely on bitcoin for retirement.