Share This Post

Bitcoins / Breaking News / Cryptocoins

The Ultimate Retirement Plan: Buy 4 Bitcoins & Retire In A Year Plus Be A Millionaire in 5 Years.

Do you ever wish you could get up when you wanted, go for a round of golf and never listen to a moron boss ever again. Well this might just be up your street.

Now I know I will receive plenty of negative comments about this but I have done the figures and worked out just 100% increase per year is enough to give you a $30,000 income per year and make you a Millionaire in just 5 years.

Ok, it does sound a bit far-fetched but Bitcoin is up 1400% this year alone so a 100% increase year on year seems very achievable.

So, let’s look at these figures.

Spec

  • We need at least 100% increase, year on year. (Very achievable)
  • Four bitcoins (Approx $60,000 dollars)

Rules

  • At the end of the year if you have seen increases of 100% or more remove 30k for your retirement fund for the upcoming year.

The Sums

Year One:

  • Buy Bitcoins 4 x 15k = $60,000
  • At the end of the year one you should see at least a 100% increase. This will give you approx $120,000
  • At the end of the year remove $30,000 as income for second year.
  • This leaves $90,000

Year Two:

  • You now have a $90,000 going into year two.
  • At the end of the year two you should see at least a 100% increase. This will give you approx $180,000
  • At the end of the year remove $30,000 as income for third year.
  • This leaves $150,000

Year Third:

  • You now have a $150,000 going into year three.
  • At the end of the year three you should see at least a 100% increase. This will give you approx $300,000
  • At the end of the year remove $30,000 as income for fourth year.
  • This leaves $270,000

Year Four:

  • You now have a $270,000 going into year four.
  • At the end of the year four you should see at least a 100% increase. This will give you approx $540,000
  • At the end of the year remove $30,000 as income for fifth year.
  • This leaves $510,000

Year Fifth:

  • You now have a $510,000 going into year five.
  • At the end of the year five you should see at least a 100% increase. This will give you approx $1,020,000

At this point I would personally sell and put in traditional investments and pull in approx. $50 to 80k in interest for the rest of my life.

Obviously, everybody has different needs when it comes to money but I believe I can live out the rest of my life with no worries with this kind of income.

I really believe 100% increase is more than possible and its not too much of a stretch of the imagination to see this happen in potentially 3 years. It could go the other way and drop or stay the same but my experience tells me something different.

And for you lucky investors out there that got your bitcoins at a lower price or have more than four these figures must look pretty exciting.

We’ll let see what happens, I will comment on this post for the next five years on my progress. Good Luck!

Share This Post

Frances is a writer for Crypto Daily, and she is responsible for bringing you the latest news on everything that is related to the Crypto world. She has a keen interest in Cryptocurrencies, and has many years of experience writing in all different roles. She is incredibly passionate about writing, and this combined with her interest into the finance, and virtual currency sector means that you are kept up to date with all of the latest news and information regarding all cryptocurrencies.

3 Comments

  1. Five years would be very risky to assume this outcome.
    Would have to play this game smart and stay on track, along with preparing for a big panic.
    I would say to try to make trades as much as possible during those years, and look for an exit by year two or three.
    Not to completely cash out, but to have a good chunk for the possibility of bitcoin being surpassed by another coin technology, government seizures of exchanges, unsustainable growth with a collapse, etc.
    These following events all have commonalities:
    The Roaring 20’s, Junk Bonds, Dot Coms and US Housing Market.
    There were good times, money to be had and then bad times afterwards with no money around.

    Play it smart, earn the big bucks, and take money out along the way so when the big crash occurs, you may have some loss, but you will have money available when most will not.

    These server crashes with Coinbase, should give an indication of what it will be like when a panic begins and people want to get their money out. When the panic hits, it will be too late.

    Reply
    • A sensible point of view. But I do think 100% grow per year is viable. Lets wait and see.

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>