Bitcoin Forum

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

As long as you mix the funds why not? But injecting everything into bitcoin is very risky specially if it's retirement funds. As you don't deal the same way when it's about retirement, we have only 1 retirement lol..I wouldn't inject more than 10-15% with it. In your shoes I would focus with the cacao farming wich can go very good. It can be a gold mine I know

if 1 bitcoin is just one of your investment that you put away for your retirement then it is an excellent idea because you should always diversify and we can never know for sure what will happen in a couple of years for bitcoin even if we are speculating moon.

but if you are planning on relying only one 1 bitcoin and nothing else then no, you are making a biggest mistake of your life. 1 bitcoin may never go as high as to be considered as your whole retirement money. (although i think you are from the first group but it was worth mentioning this here)

For me i don't think you could really retire because most of the time people are just waiting for price and if you are smart enough you can still while you are at the age if retirement. Btc does not end by the age but by the interest of a person running out. I would agree that you should not just rely on 1 btc because even if the exchange rate is high in your place chances are you still got to spend more money for other purposes. It is still better play safe than never.

You want to rely on bitcoin for retirement? I am not sure that is a very good move... Just an opinion. Bitcoin is quite volatile and with all that is going on in the bitcoin and cryptocurrency world recently, counting on bitcoin, most especially 1BTC as a retirement plan may not be so good but the risk could be worth it eventually though. At least, since you mentioned you have farms which is an investment is good enough. But if 1 bitcoin is all you can afford and all the cash you have, please don't do that. You should see buying the 1BTC as an investment that could end up paying you well or not but purchase with what you know you can afford to loose.

1. Do you have any backup retirement plan? Bitcoin alone might not be enough to keep you safe. We have no idea how BTC will scale in the distant future.
2. You probably heard this already, but diversification is the key. Bitcoin is great but seeing how Ethereum is growing I would buy it as well. Same with some other good altcoins.
3. No one will tell you how much 1 BTC will be worth in the future. It is pure guessing. Invest into something less volatile: land, real estate market etc.

It really depends on the development of bitcoin to the years that will pass.Putting a retirement amount of only 1 bitcoins is not really that good,1 bitcoin is still very small amount to consider as a holder for a long time,but if price will get 10x higher or more then its pretty good

Every employee will be provided with an retirement fund on retirement by the particular firm for which he has been working for years and years. In my view it's good to invest the partial amount got as retirement fund into gambling, so that with the periodic price difference can get an additional earning and have the capital as same as the time of investing.

Instead of doing a 1 time 1 bitcoin deposit, I would consider monthly additions to the fund.

Start your fund with the planned 1 bitcoin and then add for instance your signature campaign earnings to this fund if you don't need those funds to get by currently. This way, you will grow your bitcoin fund over the years to make sure it grows with the increasing standard and cost of living your country will go through.

Also, keep an eye on the developments. For all you know, for some reason bitcoin will shift out and be replaced by others. You wouldn't want to end up with nothing in twenty years.

correct. even if you aim 1 bitcoin for 20 years, there still risk. we dont know how strong will be the development of bitcoin, besides 1 btc is just a small amount. if you want, you can have even just atleast 10 BTC. but i suggest do not make bitcoinas a main source for a retirement plan. have back up plans too.

Even 1 bitcoin can atleast save your ass, remember bitcoin value is still increasing on its way to top, so in the mere future 1 btc will become expensive. But yeah as you said, dont make bitcoin as retirement plan, you have to make at least other investment or way to earn money when you retire, like business. In that way you wont be need to think about where you would get an income, because you have your own business.

I don't think it will be enough for next few years but after 20 years it can be if we look at how price surged between 2008 to now. But nobody can predict the future so price can go both side, you have to sell your bitcoin if there will be big crash which may not come anytime soon.

It will be a good idea but are you planning to get a 1 Bitcoin after 20 years from now? If we were take it that long problems may occur, like having other coin that can overcome bitcoin or others like technical issues, but the idea is good at least there would be something that will cover up if some problems occur.

If the prediction about bitcoin going $500k or $1m a piece in 10 years came true, then i guess having 1 Bitcoin as your retirement plan is not got but rather great.  There is nothing much better than having your investment to grow from 20 to 500 times after a decade.

It is not the right choice. Just keep silent without work. If you work and invest with 1 bitcoin then i am sure it will be able to fulfill your life. You have a family and it will not be enough with just 1 BTC.

Unfortunately situation in some third world countries is so bad that one Bitcoin at current price is real fortune and five of them will be enough for retirement. But Bitcoin price is very volatile and despite the expectations that the price will be even higher, situation can change.
So it's good to have some back up plan and other investment or source of funds for retirement.

If possible have 21 Bitcoin, then you can think for some Retirement plans

Why not try to invest 10 or more bitcoin right now, because if we are going to think it 20 years from now, I am sure that you could make a lot of profits on it in the long run, only if you have that kind of amount which is going to be your capital on investing to bitcoin. If I were you, I'm not going to ask anymore, I am just going to buy right away  because bitcoin is the best amongst all the coins here in the crypto world.

I have no doubt on bitcoin, because of its solidity and its price is really amazing as time pass by, I've started on this forum when bitcoin is just for $600, and now? it is almost going to $3000 which is only a dream for me way back then.

or go all in and be madly rich for retirement
Two ways of doing retirement, on hawaii islands or in hospital care ;P

If you are going to retire and you are only looking on holding that bitcoin for a long time I think it is kinda risky thing to do,
Think about it you would gamble your money in bitcoin and what would happen to it if the price crash down and can't go up again,
There are some possibilities right just think about it.

It won't hurt to keep 1 Bitcoin aside... just in case it will go really high in the future. If it doesn't then it's no big loss now, but if it does it could pay for your retirement.

Support your idea that bitcoin is a real long-term investment
Your post-retirement investment is the best :)

If you want a retirement fund or if you want to secure your future then buying bitcoin or collecting it while you can is the best option for you to have a secured financial future state. Most of the people are putting their bank account savings in bitcoin because they believe that bitcoin has more potential than the interest which is very low in banks.

I don't know exactly what your country's currency rate is.But people always used to say that if we have 21 btc,then we can enjoy a happy retired life.So better try to save more bitcoins.

It's impossible to say whether or not 1BTC will be enough there where you live, but it definitely wouldn't hurt to also have something aside in fiat reserves ~ just in case.

Good thing is that you have also other sources of generating income, which means that you won't be depending solely on Bitcoin to make the ends meet.

Another good thing is that you can simply continue with accumulating as many coins as possible throughout the years. The more you set aside, the more you will benefit.

I am doing exactly the same. I have set aside 5BTC that I will keep hodling for the coming 10-20 years. I am not retired by that time, but an insanely high value opens other doors for me.

20 years is a long time for 1 Bitcoin to be enough. What do you consider "enough" tho? It probably is enough for a 60 year old to retire and never have to work again, but im not sure if you would be considered rich.

If you own 21, im pretty sure in 20 years you'll be elite. There will never be enough BTC for all fiat millionaires in existence today to own one... consider that.

Yes why not in fact bitcoin have retired people,those are the early adopters,but do not put all your eggs in one basket,there's still a lot of options like other coins like ethereum and litecoin and some other none crypto currency like stocks and real estates but it's important that you do not put all your eggs.

I respect the fact that you are an farmer and you could make a good living with it and with bitcoin if you are able to save all the coins you are collecting then you could end up having a good retirement benefit with the coins you collected and with the speculation that the price would triple or cross even more values in five years time makes things interesting.

Having a plan to collect lots of bitcoin from now to meet the needs of life after retirement is a good idea, bitcoin for retirement is a good option because bitcoin has a good future.

Would be tough to say about bitcoin's price in 20 years, some expect it to reach over $100,000 but then there is always the chance of bitcoin falling altogether to $0. But in any case 1 BTC is less, I would recommend at least 10 BTC would be a safe bet so even if bitcoin just reaches around 20-30k in 20 years you would still have some spare($200-300k) retirement fund. But honestly, don't keep only bitcoin as your retirement fund.

Yes bitcoin for retirement can be possible. Because in bitcoin your effort will be small but the money that you have in change of your effort is big. Bitcoin can be a useful and helpful thing to do in your extra times , vacant times and can also be in your leisure time. In your time you can earn money and your time will not be wasted.

How come your effort to make bitcoin is small,with the current price i would not say that the effort and investment will be effortless and as per the speculators the price of bitcoin will soar many folds and it would reach a point that people holding one bitcoin will be termed a successful investor,these are just speculation and only with time you will know how exact these speculations are true.

Yes, I also recommend focusing all or most of your funds in that cacao farming you were planning. But if 2,500 dollars is just a part (10-20%) of your income, then why not try investing that part in bitcoin. In that case, you can still have income while in your retirement and in your farm. But do not risk all of your retirement money in bitcoin.

1 BTC may not be enough for the retirement plan but Yes the overall idea is good. Everyone is saving or holding BTC for a purpose. I am thinking of saving at least 3 BTC in my daughter's account for her future. It will be a gift for her, maybe when she need them.
I am earning for myself as well as using it for my luxury sometimes. All the best for your plan.

Well growth of bitcoin price is good for now, at least that is what i think. But there is no one that can say for certain how much will one bitcoin be worth in future. But i think that is good if you can, to save one bitcoin for the future. It could be worth a lot in future, and maybe even secure some good life. I will leave some bitcoin my self, and hope for the best :D .

If you asked the same question a year or two ago, I will not believe that bitcoin can be used for retirement.
Now, when btc price jumped so high, it looks like very possible scenario.
Now, I'm really sorry that I didn't believe more in btc.
I spend to much btc on HYIP and failed online businesses.
I could use this funds much better.
Any way, I'm now 100 % in collecting mode :)
Don't plan to spend anything.

No. Regardless of prices (unless a bitcoin could reach $1,000,000 then yes.)

Point is that even at a $100,000 price range, you will have to divide this to let say 40 years more of you existence in retirement.

$100,000/40 = $2,500/year

$2,500/12 = $208/month

$208/30 = $6.94/day

I don't think you'll survive with just that. Also factor in inflation for the next 20 years.

try to earn more and more,for the future, try to make atleast more than that, you cannot predict what will be happen someday, we cannot predict that  that money we can budget it for the years to come, the goods still increasing its price and having a low demand so that the price might change in that case the bitcoin that you have been save might be fewer and it cannot be last for a long time . try to earn more.

It is still 20 years from now OP, why do you have to settle with 1 bitcoin? You can earn more than that in that span of time.

As others have pointed out, 1 bitcoin is not enough unless the price went crazy high, like million dollars high.

1 Bitcoin in 20 years it's hard to predict its price... Impossible to say the truth and you shouldn't put all your hope on it. It's too risky and dangerous as you can have a deception when the time comes and you need the money.

Invest your 1 Bitcoin now or just hold it. Collect the profit when you can, invest it in real world if possible, as you said about coconuts, mangos... Couldn't you make a business from it? Sell fruits, or try to produce any other thing from the land, this way you can have an income and build your "little empire" to sustain you on the old age.

Investing for the future is always the best move but in my opinion, saving 1 bitcoin for your retirement plan is too risky since the price of bitcoins are very inconsistent. If you want to settle for a retirement plan, I think it is best to save at least more than 1 bitcoin if possible.

Bitcoin savings and retirement and a plan that was too far away for me while I was 18. So using bitcoin in business and gambling is my bright decision at this point

There is nothing wrong in your thinking,if you can afford it to buy 1 BTC and keep it safe in the next twenty years you may get some nice addition to your retirement plan.But as you know, there is always a risk that after twenty years that 1 BTC can be worth less than today or it may not have any value at all.

But if BTC succeed and become widely accepted cryptocurrency that 1 BTC might be worth a small fortune one day.

Well, it would seem like some of us here is just paying attention to the subject and not to the complete message of the OP. Pity.


Having your cacao/mango/coconut farming would definitely do you good upon your retirement. It would seem that you already had a deep thought about it, right? Including Bitcoin in your plans is somewhat a wise choice. Imagine how much would be the value of bitcoin 20 years from now (supposing that bitcoin continued to increase). Having Bitcoin as an assistance for your farm is great and I believe that with Bitcoin, your farm will be in good hands. Be alert, however, 20 year span in Bitcoin have very high risks.

Try to invest more than 1 btc. Because as what others said. Bitcoin will continues to grow its value more years to come. Im very excited when it comes. I hope that you will continue to earn and bitcoin will help you a lot.

Saving 1 bitcoin for your retirement isnt enough for me, buy more if you can cause the price of bitcoin now is much cheaper than 20 years later. Maybe you will be multi millionaire in 20 years with 10 bitcoins in my opinion.

I think 1 bitcoin won't be enough for your retirement, you should buy as much as you can while the price is cheaper. i for one buy in small pieces every month/whenever i have extra cash. my goal is to reach 10 BTC, i hope i can make it there before price jumps really high.

Bitcoin price is going very well so I know that after 20 years the price of bitcoin will be very high and even the fund of retirement from a government will also not be that much which 1 bitcoin price will be. I will say that yes 1 bitcoin will be enough for you to keep for your retirement.

Fortunately you have several options to cover your retirement, and products such as cocoa will always be very profitable. Therefore acquiring 1 btc to diversify your investments seems a good idea, because in any case your future would not depend entirely on the future of bitcoin, but would be something complementary to your retirement plan.

However a period of 20 years seem very distant in this world of cryptos. I am not even sure that bitcoin will exist in those days as we know it today, or if it will have been replaced by a more advanced option, but I still think it's worth taking the risk.

It sure is a very long period of time and if you are planning to go for the long term make sure that you follow the market carefully with every price and make some calculations on what the future would be ,i would book my profits rather than simply sitting on top of it for a longer time.

It might be worth holding onto Bitcoin for a retirement fund, but it won't be a good idea to rely on it entirely for your future retirement plan. Always diversify it with other assets. I believe that Canada allows for various precious metals to be included in an RRSP, so there's already an example.

Bitcoin is poised to do well, and that shouldn't change anytime in the near future. It's just making sure that everything goes well, no matter what happens.

In a word - no. Though I don't know how long you'll live (hopefully long  :D) or how much you spend.

If you're thinking 1 BTC might be worth like $500,000 in 20 years, I think its very unlikely.

For me safer would be to hold various alts rather than only btc over the long run

I think 1 bitcoin is too little for your retirement plan, we still don't know what will be the price for the next 20 years, I think the most suitable amount for retire is 100 btc, but saving bitcoin as retirement fund is a bit dilemma, we still have no idea what will be the value of bitcoin in next 20 years it could be very expensive or very cheap and hopefully bitcoin still exist in the next 20 years

That's like expecting something which has a high possibility of not happening. Maybe within 20 years, bitcoin could be that valuable, but, what if thing happens the opposite. Then you'll sure need to work again to fulfil your expenses while actually, you should've to enjoy your life in your retirement.
Better to keep something for your future in form of precious that always stable and steadily increasing its price overtime.

100 BTC is nearly $300,000 at todays prices. You don't need as much as that to retire in a cheap country like the OP mentioned.  :D

You could retire on $8,000 a year in somewhere like the Philippines

If you have 21 btc, it's probably in 20 years you will URelit.itu is quite a long time so there will never be enough for Bitcoin so that all millionaires fiat exist today for one's own your future savings. but if you're in a year alone could be filthy rich as long as you focus with bitcoin, how one technical analyst with observing the movement of the bitcoin.

Maybe in a third world country, but I would say you most likely need more for retirement in 20 years. Nobody really knows what the price is going to be but I would say on the safer side you should have more.

If you can find a job with salary of bitcoin or if the signature campaign would be stable and run for a year i think i will retire in my current job because i like to spend more time with my kiddos which i can do that today due to my full time job but if i work with bitcoin i am at home working together with my kids. I think more users will happy if that happen.

In a 3rd world country where you can feed a family on something like $10/day, hell yes.  Bitcoin would be great to save...IF it keeps going up in price, but there's no guarantee that's going to happen.  Still, signature campaigns and the like are a godsend to you people in the 3rd world.  It's just unfortunate that most of you get paid to write utter nonsense in the english section here, and usually with multiple accounts.  It's a great idea *in theory*.  In practice it's horrible.  But if you can manage to save some bitcoin, do it.  I think it's got great potential for underdeveloped countries in particular.

for me I think it's good to invest 1bitcoin for retirement that never because we also don't know how far bitcoin can go in the future.
It is good also that you have other plan to invest like to grow cacao, coconut and mango because it is alternative seasonal income also.

I think "NO" because bitcoin were famous now so why need to retire. That is only speculation, we all know that bitcoin were earn a lot of trust from every users. That's why I cannot believe that bitcoin were retire, maybe it truly continue for a long long time.

Well, I do respect the greatness of Bitcoin and I know that years from now it will be widely and freely accepted by the government. But you are thinking holding to bitcoin for retirement which is a risky thing to do.
Our leaders or Pros as may have said that it easier to earn before and harder now a days.
We can't tell how will it be broader in 20 years time. It will be okay just to have other plans before retirement.

Well, sometimes, the bitcoin income gives, more than the salary we get from our work. Well, bitcoin is very good at the destination after retirement, because maybe you will get more money than before.

Yeah if you manage to save good amount of bitcoins then you can retire from your work early and even your bitcoins can give you luxury life in future as the price of bitcoins will be much higher in next few years.

Yes it sounds very interesting by the way we collect bitcoin from now within the next 20 time if we can collect 1 bitcoin then it can be used as and our pension because the longer I feel sure bitcoin price will increase higher than now let alone in time period 20 years from now that our age for the next year is getting older, It is a good idea to save 1 btc for the next 20 years' retirement fund.

Mate what's wrong with you, and by the way what's your country, you are planning to buy one btc with all your savings and then believe it will be enough no, what I would instead suggest is take 10 - 30% of money in btc, 20% stocks 30% in equity funds till you are 50 then put them in debt funds and always keep 20% in cash. I like Bitcoin but they supplant my Fiat, not the Fiat if you get excess money then yes, but retirement funds are a bit risky according to me.

It is not a bad idea. But at the same time you need to ask yourself whether Bitcoins will remain relevant after 20 years from now. The technology is constantly improving, and 20 years is such a long time. New technology makes the old ones obsolete, and this has been happening for the past several years.

No, it will not remain the same value for bitcoin after 20 years. I hope bitcoin price will be 5 times more at that time. If I get the retirement fund in bitcoins. I feel happy to get that and even salary also okay for me in bitcoins. Until it is been legal in your country, it is not possible to get the bitcoin as retirement amount or any legal usages.

It seems to me that you are living a more comfortable life than others in your country having a farm of your own. If you can afford to buy more than one bitcoin, you should do it. You can even buy small fractions until you reach an amount that you are happy with. Also, keep an eye on the price as sometimes there are dips that can be used as buying opportunities. If bitcoin survives in the next twenty years and you have kept your bitcoins safely in storage, I think that would be of help toy you with your small daily expenses once retirement is upon you.

1 btc is really very small amount to hold as you cannot expect that price will reach in millions in future and 1 btc would be enough for you to live a good life so if you want to enjoy luxury retirement then you should have at least 100 btc in your wallet.

Right, 1 bitcoin is too small, even if the bitcoin price keeps rising, 1 btc can not guarantee retirement, 100 bitcoin I think enough to make your retirement happy, but I guess do not just invest with bitcoin, maybe you can buy some property and stock

I think BTC saved for retirement is a good idea, however I would not bank on 1 BTC to put you in the place you want to be. Personally, I would save more than that in hopes that the price will rise and your investment today will become very profitable. I think BTC is the future and we are barely scratching the surface, so yes it is a wise investment, but you want to make sure to diversity your assets and money in fiat, stocks, gold, business, etc so that all of your eggs are not in one basket.

not really a wise decision to gamble with your future saving, you would only increase the chance to lose everything, if you are folllowing the original poster, 1 btc isn't enough for retirement unless you live in a world where $100k make you rich

and bitcoin increase to $100k, would be advisable to have 50 to be sure for a good retirement, but on the other hands, very few in the future will own that small amount, otherwise no distribution and adoption are possible

How much are you expecting 1 bitcoin will cost 20 years from now? If for you that amount is enough then it is, but if you think it is a small amount for retirement then I suggest you add a couple more like 10 bitcoin perhaps.

Ha ha one bitcoin would be enough as from  current situation to next 3 or 4 years then there will be massive change happens so you have to go with change . So keeping one bitcoin and predict for long time not a problem if you loss bit gain more . If keep more bitcoin and wait for a such long time it would not best idea for me .

It's a good idea to diversify your retirement fund so that not all of it is in shares or property, or whatever you are investing in.

Bitcoin is probbaly one of the best options out there, possible.

How many bitcoins do you need to retire comfortably? Probably not one. One is just too little, even with a price rise that won't be enough for a 20-30 year life after retirement if you are lucky or at least 15 years. You need around $40000 a year to retire comfortably at the least, times that by 20, you get $800k. I'd say that bitcoin at $80k each isn't out of reach at all. Aim for at least 10 btc.

I see various aspects for this question. It mostly depends on what you are going to do after your retirement? Do you have any plans to fly in other countries? or any plans to do business? If not then I think 1 BTC should be sufficient to live a simple life without doing anything. In next 20 years we will have very good environment in developed countries for the usage of bitcoin but I don't think third world countries will have that much of freedom to use bitcoins.

I feel you bro. My grandmother is 79 years old but he's just trying to get by in coconut farming because here in the Philippines when you retired from work, you are lucky if you have at least 5000 dollars in the bank. Thats why when you look at the lives of the elders here you will see that they've gained nothing even if they've word hard when they are in their prime. All of their salary has been spent on the studies of their daughters and sons and sometimes thier grandchildrens. Life here in the third world is hard, so I will agree that BTC is a good investment plan just keep it safe and choose your storage wisely.

No one know what will be the value of bitcoin 20 years from now, maybe it will be more than $10k or maybe it will be zero as a new giant crypto currency would be dominating the world by then. So it is good to keep yourself updated with the crypto world and know what is going on around you and keep your savings up to date as well.
But if you can afford, maybe accumulate like 10-20 BTC for retirement rather than just one.

Considering the economic situation of the country you painted there, I am sure the price of btc today will mean a lot to you over there which might equally not cheap to get considering the factors raised above. My contribution is that if you can afford it without altering your economic condition, then go for it and wait but don't rely and not make provision for the future again because no ones know the future and it will be better to have surplus when it comes to income than deficit.

Bitcoin can be for retirement. Because when you are already retired and you don't have enough strength on traveling or in doing hard jobs bitcoin is essential to be do. Because in gaining bitcoin you don't need so much effort all you have needed is a personal computer and internet connection and your brain.

I have already heard people saying that they want to join 21 BTC group so that they could enjoy a happy retired life.But i dont think that just 1 BTC would be enough to enjoy a retired life.Better try to save some more bitcoins for secured retirement life.

With 1 btc, I think the bitcoin value is unpredictable so far and there is no certainty,
If you want to retire with 1btc I suggest you have an investment for the future that there may be predictable results

Well you are with investments already, cacao/mango/coconut farming, with this i dont know the size of your investment and doesnt matter at all, those are things that will always have a market and industry is growing those production, i dont know how risky would be to invest into bitcoin for retirements purposes, but since its just 1 bitcoin the worse thing you may get is your investment grow or loose value.

Yes, something that is sure.
We cant rely it all on bitcoin.
All we can do now is make money out of it and somehow the profits will be used for another investment which will really secure the family and the children that will come.
We dont know hpw all of this will end. Better look for something into which you have the security and can pass it to the next generation.
Somehow they can make a use out of it.

in my point of view retirement means you will never working again to feed your family and i think 1 bitcoin isn't enough for your retirement even someday 1 bitcoin worth for $500k but the amount still not enough to endure the full cost of living so i think you have to get more bitcoin again for your retirement

How old are you? Waiting for 20 years?  1 bitcoin is enough if you wait for 20 years later. If bitcoin could grow 100% every year, than it may reach at least $25,000 without consider any problem or crash.
If you have more money, better to purchase more bitcoin maybe 2-5BTC before its price increase again.
But you did it well to divide your investment for retirement.

It's impossible to predict the price with certainty, there's a very good chance that it will be high, but how high - no one can tell. Maybe just $10 000, maybe $25 000. maybe $100 000. If Bitcoin is only a part of your retirement portfolio, than invest whatever amount you are comfortable to invest now - if you can only afford 1 BTC, than buy it. if you can buy 2 or 3 BTC than do it.

in fact bitcoin is a good support to those people who are retired from their day job. if they have a little experience in trading  they  they can invest some other money in trading altcoin and can really get a good profit. and those people who do not have any experience in trading they should first start get some experience and after that they should invest money in  trading altcoin .

I think it is too slim for a retirement budget  though your projection is for 20yrs. Times may change and there may be unforeseen circumstances that may pop up.You also must remember that cryptocurrency market  is volatile and unstable. That is my thinking anyway.

Bitcoin for retirement is an option for me because it's like investment or saving.
It's depend on you on how you on how you budget your retirement but if you retire i'm sure you have a monthly pension then!
Investment in fruit tree is good also and bitcoin trading is also good if you know it but trading is easy just budget your money and time.

That all sound so nice, but how can tell how long will some altcoin live, will it live long enough to be worth dealing with it on longer terms. With bitcoin you are certain to some point, because bitcoin is strongest cryptocurrency at the moment, and even with that it could happen that bitcoin fail in future. But i think that it wont hurt if person leave some bitcoins for future, it could happen to be worth a lot, or it could happen that it wont have worth at all.

yes i think most of the people who are going to retired from their jobs will soon start trading in the wold of bitcoin. and i am sure that it will not take more than some months to become good traders, and hope that that will again become able to get a decent amount of money from trading altcoin.

Oh oh oh! Everytime I read something like that my alarm bells ring!
Trading is anything else but easy! It's one of the hardest things to earm money with. More than 90% of traders lose money instead making some!
Trading is so much more than just "buy low and sell high". To reach a certain level so that you can make a living of it it needs years of experience and at least 1 or 2 times where you burn yourself financially extremely hard to learn certain lessons!

i agree with you. even of the value of one btc will be up to 500k usd, we must consider the fact that as days go by, the prices of basic commodities are increasing too. still, that 1 btc is not enough.

That's a good idea..
Through out the insurance policies, join in the Bitcoin platform, keep your investment for the future as well as after retirement, then enjoy your life while you are an old person. Bitcoin simply would be a great idea for saving, I think it would have been used for the future wisely...

Well I beg to differ, even though prices of basic necessities of life and grocery are simultaneously going up with Bitcoin prices the extent to which both are increasing are really different. Bitcoin is moving up exponentially compared to th basic necessities of life and so in 20 years I'm optimistic it will be enough to have a nice retirement because the expected value of Bitcoin then will so huge.

Bitcoin is an asset for retirement actually, but I don't think that 1 is enough. Saving a lot of coins or if possible, investing some part of your salary in bitcoins is the best thing you can do to retire early when the price will reach $1 million, and if we can see $3000 which seemed impossible one time, then going a million is possible too.

Not that good idea. Just 1 bitcoin from 20 years now. That's just very imaginative concept and might not be good for very very long terms. I know there is fuzz about bitcoin reaching 20 to 50 thousand dollar after decades of so. But I don't think we should rely on that speculation for such long period. Also, it is not advisable to risk our life on a currency that is hot in the market today.

Its impossible to predict where bitcoin will be that far ahead but I'm guessing it will either be worth loads or it will be dead. The most likely scenario I can think of for it dying is it being replaced rather than crypto money disappearing completely.

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

Why not. Save 1 BTC, tattoo password of your account of evernote with btc wallet info somewhere on yourself, set alarm to 1st day of your retirement and forget about it

There are some wild predictions for bitcoin from $30,000 to $5,000,000 in the next 20 to 30 years. You can google and see for yourself. I personally feel that it is best to have at least 1BTC in your long term/ retirement portfolio and then try to invest additional funds into ETH, WAVES and other Dapps such as Iconomi, Singular DTV and hold for long term. All these tokens should help you with your retirement. And yeah, always have a back up plan!

I believe that blockchain technology is the new trend, so I do not think that Bitcoin will be gone in a short period of time.  I believe that if we invest a good amount today in bitcoin, we can be well rewarded after 5 to 10 years thus enough to get you well financed after your retirement.

Yes, I think you can choose Bitcoin for retirement if you is a elder or have many idle cash. And when you comeback after 20 years, you can see it is a big money, can up to 100.000$, but it only my think ;D

I do not consider bitcoin as the main currency for maintaining real-world economic balance, but I have a belief in passive income if I apply bitcoin as a virtual asset in  long term and automatically have a lot of hope for bitcoin. To support my life after retiring from a real job, at least I can continue to play it in trading market, if I consider it an asset I already understand the risks that will occur in the future.

Bitcoin for retirement its good idea. But its long time difficult to say what happen distant future. If another coin overcome bitcoin or price gose down. Although its possibility 0% . Because bitcoin price is  increasing

I think that the people that hold onto Bitcoin for retirement are relying on it too much. The reason why Bitcoin should not be a source for a reliable income is because the price of it could drop to zero without much effort from someone that decided to purchase a bunch of coins. If a dump like that happened then it would be a while till Bitcoin Exchanges get the money to recover the price.

If bitcoin is till around in 20 years you will probably only need one bitcoin!

No , I don't think that 1 btc will be sufficient for us during the retirement , because in the future with the increase of the price of the Bitcoin , there will be increase in the price of the practical life things and that will results into lack of money soon even we cashout 1 btc .
So here I need my opinion we need to have atleast 10btc , because with the 10 btc we have full trust with ourselves that we can do even much more better in the last stage of our life .As we have no limits of thinking , so we can something more better with the money .
Here I myself saving Bitcoin for the 10 years , I hope everything will be good and my retirement from the Bitcoin job will make me billionaire of my community .

Ues to be exact because will never know the time and timing its more important to have another option than be more  dependent on this. Anytime the value change.

I am also thinking of this idea and as possible I am also keeping and set aside a small amount of bitcoins for future and even for retirement. My target in only 1 BTC, and I am optimistic of the future, how do we know, it might really reach $500,000 after 20 years or more.

Yeah , true , so here I am thinking we should bought another coins also that has seems to be good future  .
Here I think we should hold atleast 5 btc for the future and altclins with the value of 5 btc .
I mean 1btc= eth
              1btc = dash
              1btc = ripple
              1btc = Monero
               1btc = dgb .
With the good future of the Bitcoin these altcoins also has bright future , so here in my opinion we should have these altxoins , it may be possible with the time increase they are also have the increase in value and demand and will reach to the value of the Bitcoin , so here we are not only making money with the Bitcoin but also with the other altcoins and turning our risk into minimum​ by holding many altcoins with Bitcoin .

I definitely do not think that only a single bitcoin will be enough when all of us go into retirement. I am going to keep earning and trading bitcoin so that I can have as much bitcoin when  I retire.

well if you can do that way its much better keeping bitcoin to grow more while you still have capability, allow your day job to provide your needs and let your bitcoin to be kept until the time of your retirement, for sure you will save more and it will bring fortune and you will be more stable from that time then.

20 years is relatively long moreover you only have 1 bitcoin I think it is too small for the cost of your life, if your plantation does not produce much results and you can't always take care of the estate in your old age, you have to think this through carefully

I think 1 btc will be too small even though the price in the future will be very high. It's better to collect a lot of the bitcoin it will be safer, and it will make you rich in the future

Wow... I can't imagine living my retirement with only 1 Bitcoin, even 20 years from now.

Firstly, placing Bitcoin as your retirement option is risky as it is a cryptocurrency that is exposed to price fluctuations. Its price and value can jump up and down exponentially, especially 20 years from now.

Yeah, 1 btc is quite small for a better profiting and improve our living standards on retirement. As users have stated even one bitcoin will be more valuable than the present as we have much time space of 20 years. Right now it's good to invest a small amount periodically and make a better living after years, because growth is something assured with bitcoin.

It is a very good idea to save 1 BTC for retirement the reason is that some few years a go nobody ever thought that the price of bitcoin will skyrocket to it's present price so also we can also speculate or predict that the price will reach a higher price in 20 years time because prices always respect history. This will serve as a perfect retirement plan.

Well, I really hope the predictions of some "experts" that the 1 million dollar bitcoin is possible between 2020-2040. I won't have 1 bitcoin maybe but I will have hopefully half. Half a million is good enough, I will be 53 in 2040 and still 12 years from retirement, so I can afford to wait until 2052 :)

This is a good idea. You diversified our 1 bitcoin to other top coins being traded. For what we know, this coin has great potential  to grow more. I think its time to start accumulating. Oh BTW this is not the only retirement plan I have. This is only to augment, since bitcoin is very promising.

maybe what you said is true and we only hope that we are still live in that time so we can use our bitcoin to bought something or maybe we can give our bitcoin into our children so they can use it for their needs. from beginning in 2009 until now 2017, bitcoin is already 8 years and there are still 12 years more to wait until 20 years. i am curious too what will happen in 20 years later after the first launching of bitcoin.

agree!

I think 1 bitcoin stashed away for retirement is fine.
if you can afford to sink </> €2500 for 1 BTC on a longterm hold thats a good start.

Nobody can tell what will happen in the future and some of the predictions are very very interesting indeed!

I believe we do need to do something for the future and creating a mix of "investments" is good planning.

Here in Ireland we are facing an uncertain future in relation to state pensions
because there is less and less people employed and more and more people retiring.
So at todays statistics the amount employed in the future will not be able to fund the amount of retirees.

I think it would be better if you give a big target. Such as collecting at least 100 btc or more. It will keep you motivated. Rather than a small target it will make you lazy

If you go by the latest trend in bitcoin price and its historical analysis, yes 1 btc would be more than enough but that said, you can't live on prediction or assumptions.Make sure you also have other means to support your retirement life in case btc failed.

The methods of collection may differ from person to person and so if you're planning on earning through signature campaigns and faucets, others are either mining or buying with fiats and so the possibility of getting lazy along the way is likely to affect you than others. Secondly I think setting a target if 100 BTC signifies greed on your side because there are just 21 million BTC and if everyone was to target 100 BTC I don't think there will be enough for justva single country.

Since you are talking about diversifying your options then why not, I think it will be a mistake to put all your eggs in one basket even if the basket is bitcoin, but since you are talking about investing in other business that are very resistant to any kind of economic crisis like farming then you are going to be ok, the most important thing is to save and invest as much as you can.

we save our bitcoin for our future and our retirement, absolutely a great investment!

For my retirement I would not depend on 1 btc. Although prices in the next few years may be very high. But I will target more than 30 btc for my retirement

If Bitcoin can get to that point then I would be happy to retire completely (mostly) off of what I have earned from Bitcoin. As long as I keep building up the value until that point, and it does reach that point, I'll be happy. It just comes down to whether or not the market is actually going to move in that direction or stagnate somewhere below that. It isn't impossible for the market to slow down a lot before hitting the $1m mark.

If you live in a third world country - absolutely. I believe that 1 bitcoin is going to be worth at least $100,000 when I retire at least and that's going to be a fortune in a third world country especially in Asia where htings are so cheap.

I am actually planning on retiring in a foreign country, because things are so bloody expensive here.

Keep stacking your coins and you'll be rewarded greatly. Trust me. Try to get more than 1 bitcoin if that is possible because bitcoin has a fixed amount of 21 million maximum. If you keep fiat it'll depreciate. If you keep bitcoin it'll appreciate.

One million dollars per Bitcoin would be a nice price for the people that are holding Bitcoin. I am sure that there will be a bunch of people that will regret spending their coins when the price of Bitcoin was only a couple of digits. People were complaining about the price then and it would be pretty interesting to see what they state if the price reaches a million dollars.

It depends on how much are you willing to sacrifice now in order to reap the fruits tomorrow, many persons are now persons, persons that only care about the present and not the future, that is why there are mandatory retirement plans from the government.

You should save more bitcoin for the future and the more bitcoin that you will save now, the many saving that you would have for the future. Bitcoin is a good for long term investment. So you must save it for the future preferences. Save bitcoin and stored it, earn more now. I wish that i could save more too.

As long as your altcoin investments aren't losing, thats a great way to gain more BTC and saving BTC in the meantime too. Let's say you invested 0,5 BTC in multiple altcoins. One of them you have invested 0,2 BTC in and that becomes worth 10 times more -> = 2 BTC thre and lets say the others didnt gain much = 0,3 + 2 BTC = 2,3 BTC. And during that time you just hold and wait 10 years (with little investing here and there) if BTC then becomes 10 times it's worth, then you have made great investment for maybe a retirement depending of your country.

We can't really rely on bitcoin value for retirement; we definitely need to rely on something more stable and which fluctuates less
But the hope is that it will go up in value and be a decent added fund to what we already saved

I think that holding bitcoin is a great idea for retirement, because you never know what's going to happen with bitcoin price in the short run but what you can be sure is that it will rise in the long run due to the fact that there will only be 21 million ever created.

It's a good hedge against fiat currencies and fiats aren't going to survive beyond 2030. Mark my words.

I don't think that 1 btc is enough, at least for now. If you are retiring in 2070 then yeah but if you are retiring before that decade then you should have at least 5 ready. There isn't really an accurate minimum of what is enough, but as i said 5 seems like a good amount to hold.

I do agree with this strategy. You can put up a retirement program primarily involving cryptocurrencies which means not just Bitcoin but also mixed currencies to provide balance and lessen the risks as years go by. There are also other nice and potentially profitable coins/tokens around worth looking at.

I am extremely optimistic about bitcoins future but even I wouldn't invest all into BTC although he price is going higher due to increasing demand while supply is increasing more slowly.

Correct and the best part of it is that not only you can use those 30BTC for your retirement, you could invest those coins to get profits and instead of spending your coins you could spent the earnings you get out of them, this is especially true if you are a trader, since you are talking about using 30 coins for your retirement then I suppose you are talking about using 1 or 2 coins a year, but a good trader could earn more than that.

Well we do not know what future lies ahead on bitcoin.  While we all pressumed that its price after 20 years will go up as it what we all want but what if by that time it will vanished.  No more bitcoin because of some glitch or hacked or whatever.  Still have some good amount of money and try to earn or have more bitcoins.  I think 5 bitcoins will be good enough at your retirement.

I not think Ripple is good choice for long-term, this is a Token and I not see more benefit for community.
ETH have smart contract is very good and recently, it very help more ICOs success as BAT, SC, ...

i think those people who have little assets to invest, then they have good choice to invest in ripple. the price of Etherium is too much high for small investor and therefore they cannot purchase a good amount of Etherium with such a low amount. i personally studying Ripple for investment. in fact i have some spare money  and i want to invest it in some profitable altcon, from where  i can get a good profit in a short period of time.

ETH is really taking of because of its smart contract and I see a lot of Crowdsale are offering ETH as one coin for investment beside bitcoin. This maybe the reason why the price of ETH is soaring right now. I think if I'm going to investment, I will put more on ETH, as least 2 btc and less on Ripple and dbg.

When you trade, it is not the price at what you buy that is the most important it is the price at what you sell that matters the most, if you buy ETH for the current price it does not matter if you can only afford 1 ETH if later you can sell it for ten times its value, even if you could buy more ripple for the same amount of money EHT would have been the best investment if you could only sell your ripple for five times its value.

Depending on the price of BTC, if things stay static somehow and a BTC is worth around $3000 then I guess 20 BTC could be considered a very good retirement in a third world country, that would probably be enough to buy a house with few rooms and can even rent a part of it as an investment.

Yes it always depends on the thing that you are wanted. If you want to make bitcoin as your source of income when you retired then you must have some more , it is not enough for your future that much you need more in order for you to secure your future. If you can try to earn more and more it doesnt matter if how much the bitcoin price now what matter most is for the future preferences.

I somehow do not think 1 BTC would be enough, regardless of a country you live in.

10-20 BTC, that might suffice.

coins for reitrement ?

Worst decision you can make ever.
You should first read governmental and cooperation reports about cryptocurrency.
Governments want already to implement their own blockchain to public in 3 years which means that these coins will be exectly at that date worthless

It depends how high BTC will go, some people think 1 million dollars is in the realm of possibility. Obviously in the near future 1 BTC will never be enough but if you are buying for retirement in 20-30 years who knows.

Yes you are right that one bitcoin is not enough for 20-30 years because today's price of Bitcoin is about $2700 and I think that this amount is not sufficient for 20 to 30 years because it is a very long time and one doesn't know about how much money he or she needs but if you want to increase your money or Bitcoin you need to invest this amount in some other companies so it will be your stable income.

I trust that bitcoin is the best option for long term investment. when I join the bitcoin network at blockchain it was not even 7$ at that time in starting of 2010. and today its 2000$+ . basically if I tell this to anyone they will never ever believe me because of bitcoin is at a place of impossibilities now, nothing has every gone this much far ever till now not even gold.

After 20 years maybe bitcoin is already $50,000 from that time or even bigger. I guess it's already enough to save one bitcoin for your future keep and retirement. But if you can add some more just keep on adding that will be the best thing to do. Because you will do nothing but will just let it keep at your cold storage.

I think 20 years from now,bitcoins value will be much more larger than it is now so holding that may be a good idea buy still there are many risk that can happen to the bitcoins value as the yesrs past.As we can see from now,its value goes up and down we'll never now when it would actually stay in going up.But your plan was good.

Though no matter how much it grows, a single bitcoins could not really be enough for a retirement plan. This would also assume the prices will continue to grow and not go down, which is possible but there is a likelihood that prices might go down for some reason. So I think it is still not a good idea to rely only on bitcoins.

yes that is right that a single bitcoin is not enough even if its price increases too much. but after retirement if you have some money that you got after your retirement as pension, and if you are interested in trading then you can really make  a good profit from trading and can even secure your life money after got retirement from your day job. in fact trading bitcoin do not require such a big effort.

I think even after 20 years, Bitcoin might increase in value but it may also decrease, 1 BTC is not enough for retirement, since it is 20 years from now i think you can make more money than 1 BTC and make sure to have enough money for your needs so i think it is not enough and who knows if bitcoin is still the same after 20 years from now.

Yeah, you are right about that.
Even  after 20 years that 1 bitcoin already $50k or even more, it's still not enough.
What? Only holding 1 bitcoin till 20 years later. No, Right now, everything is already expensive enough, then what would happen in 20 years later?
Everything will becomes more and more expensive than now. Maybe 1 btc would only last a couple months in the future.

If you want a retirement fund or if you want to secure your future then buying bitcoin or collecting it while you can is the best option for you to have a secured financial future state. Most of the people are putting their bank account savings in bitcoin because they believe that bitcoin has more potential than the interest which is very low in banks.

So far bitcoin seams like good option for that. And i also think that it would be a god idea to leave some amount of bitcoins for future. If we look back in future, bitcoin was only going up. Price started at some really little amount, and look it now, its almost 3000 dollars per one bitcoin. So who knows maybe in future, when it is time for my retirement bitcoin will be worth 300000 dollars :D , or maybe it will be nothing.

Having more than what we need is definitely better than having less, if the only thing you can afford for your retirement at the moment is 1 BTC that is fine you are ahead of most people in the world but if you can afford 2, 3 or 10 then by all means do it, this is especially true if you are young since the age of retirement is far away and your investment is bound to multiply many times over.

Since bitcoin is gaining a good value so it can predict that Bitcoin will gain huge value after 10 or 15 years if anyone will retire after 10 years then he can invest in this platform...which will be useful after his retirement...

If bitcoin for old age retirement is true, but it depends on bitcoin development until the year will pass. Bitcoin is still small to play a role in a long time, if the price rises at any time then this is enough for me.

To achieve a good, luxurious retirement in a 1st world country, you would need few million dollars for the expenses (and some invested in low risk bank accounts), therefore when exchanged for current BTC values, a 1000 BTC. However considering the growth of BTC price over the years, the number may fall down very much by the end of this year.

hard truth..
the only bitcoin will be helpful if it will remain nonvolatile, the high price is not the main issue, sustainability is a major concern. so bitcoin should be going on in a sustained way so that bitcoin will be gained trusty sector...if it will be recognised as a credible source then people can trust on it. and then it will be useful after retirement.

You would need a big amount of bitcoins to afford a comfortable and relaxing retirement that won't expire, therefore you would need to be investing the sum in some low risk bank account or bond... To retire for a 1st world country would probably be something like 1000 BTC or more, at the current price of $2000 or so.

20 years from now? I think yes it's enough for your reitrement since the bitcoin can't stop from rising it's value in the market just a few years ago the bitcoins is just a few dollars but now look at the price of the bitcoin what more if it's in the next 20 years but we're not sure about it's price we don't know if the bitcoin will become successful we all know bitcoin is successful but there are some people encountering a problem with bitcoins such as the high transaction fee of the bitcoins but who knows maybe soon some crypto will pop out and the value is high as the bitcoin but the transaction fee is much lower.

1 btc MIGHT be enough in lets say, 20 years from now? but why stop at 1 btc? stock up!

In first world countries is recommended that you retire with at least a million dollars in savings but at the moment in bitcoin you don’t need 1000BTC for that with 420BTC you will have that amount and if we think that bitcoin will keep reevaluating itself against the dollar then you in 20 years you may only need something close to 100BTC but if you live in a poorer country you will need a lot less than that.

in fact bitcoin can give a good support to retired people after their retirement. because is not such a rocket science in learning bitcoin, and  think within few day a person can learn about bitcoin how invest money in bitcoin how to create a wallet, and hope to use exchange for buying and selling bitcoin, or  how to trade altcoin, but if a person want to learn about altcoin trading then he need to spend a good time in  trading altcoin and can get experience by investing a small amount of bitcoin in trading altcoin, only for experience purposes.

That's a really good question. I think it would be great reason to buy one. A unique way to add diversity to your retirement plan.

Investing altcoin makes me rich and retire, I like bitcoin and altcoins, salute to Satoshi!

I will not use bitcoin as retirement, but I use it for the future that I have to go through with my family. I know bitcoin not to what but to introduce my descendants so that he can continue the bitcoin that I live and can be more developed again.

Considering the place, the money or in this case bitcoins needed would vary greatly to the rest of the world, with something like 60 bitcoins at the current price,  buying a multi-floor building and renting most of it for regular profit and staying in one apartment would be achievable.

retirement is indeed the situation where we must be able to think about it since the early. Therefore we can also join the gathering bitcoin as much as possible, I agree. by collecting bitcoin future now that will ensure your financial future. and guaranteed to be better. now therefore gather bitcoin creates better now for the future rather than saving up funds in the bank.

Bitcoin will be used by retired person.Because in bitcoin you will only use less time and by that you can earn a lot of money.In bitcoin you will make your time productively and you can make money wisely.

I agree, as we don't know how much 1 bitcoin value in the future, my prediction whether it is $20,000 - $30,000 if bitcoin has steady increases around $1000 per year. Do you think $20,000 in your country is a sufficient amount to live?
I'm holding a little amount of bitcoin as well and planning to collect at least 2-3BTC for retirement.

This is true but most of those people that are close to retiring are not thinking in investing in something risky,most of the time they are investing in something really low risk, also people like that are very set in their ways, and are probably more reticent to adopt new and revolutionary technologies like bitcoin and the world of crypto currencies.

If you currently have it now, don't just set it aside for your retirement. If I were you I'd be trading cryptos and earn a decent income in return.

With bitcoin's volatility in value, there is actually no assurance that a couple of decades from now, bitcoin will still be the same high-valued asset that we have now.

I think it would be more prudent to invest in land or business, less risky business if you want.

good thing is not keeping all eggs in one basket.,

and no one bitcoin is not enough imho, get as much possible as you can while price is low.

think it like any other investment, where others grows 2-3 folds, bitcoin can grow 10 folds.

you have to do some calculations , like what will be requirement after 20 years or so when you retire, how mcuh will be the price of those things, what is current average income, how much will that be after 20 years.,
you want to live average life or luxury life , it totally deppends on you,

good luck. i am also in the same boat.

it's true. bitcoin is too risky to be a retirement savings even though many say bitcoin the longer it will grow longer but we really don't know what happens in the future. at least as long as you are still productive and can still work you must make more money because 1 bitcoin is too small.

Exactly we cannot depend on bitcoin for retirement as we never know what will be the price of bitcoins in future and if have saved more amount of bitcoins and if price crashes or bitcoin disappears then we will be left with nothing in hands at older age and at that time it will be very hard to find any other source of income.

if we can get a lot of bitcoin and save it for the old days then this could be used as an investment for retirement. But for me to work in a royal period is a necessity. Just doing the trading in front of the computer may still be said a reasonable thing, I will continue to work until I can not do it again.

Don't settle for less, aim high and change your target from 1 bitcoin to a higher amount of bitcoins. If you have a lot of chance now to get more bitcoins and keep it in a safe place because for me 1 bitcoin is not enough for us to have a retirement fund and it cost at least 10 bitcoins for an average person to have a retirement fund to enjoy at least 1 year. It is still depends on how you will manage your money.

That would be hog in a cog. Lots of assumptions are there regarding bitcoin in the future. Fisry things first, bitcoin is virtual with no physical presence but having solid backup of miners which are physically available. This is important to discuss because something with only virtual presence might go into darkness real soon. Bitcoin as such is good investment for current period or may be 2-3 years from now. Having bitcoin as goal of 20 years from now would be little bit frowning concept and is not advisable personally. You can do invest for 2-3 years and after that period you can recheck what is the condition from there onwards. They reinvest more money and keep doing this which would be safer way of investment.

Yes it can, If it is really taken into account well from the far-away days. Don't using it too much for playing on games (gamble), mining is better i think. Play safe and always counting the profits.

I agree with you, at this moment we can have a goal higher than 1 bitcoin, because the price isn't that high yet, but I believe who is thinking in retirement, isn't thinking on short run, they want to save money now for the next decade I suppose.
And when the next decades come the bitcoin price will be too high, that is the reason 1 bitcoin can worth to have a good retirement life, but as I said, it's possible to think bigger as bitcoin price isn't so high yet.

Being retired is really a big change in life people must think what they will do after retirement everyone thinks about their future so no doubt that Bitcoin is a good and secure future for retired people so if people want to secure their future then buying Bitcoin are collecting it is really a good option for them most of the people are putting their money in Bitcoin and investing in it for the future purpose.

Just mentioning it as a third-world country isn't enough to make a valid comparison, as living fees for food and the like is higher in some of these countries than the US (Although housing is much cheaper, but food is more expensive than "walmart and pricetag like prices".

Could you give an example? Most of the time housing and food are going to be a lot cheaper  in a third world country than in any first world country, the things that don’t change in price are things like technology and in fact technology can be a lot more expensive since it needs to be imported from other countries where that stuff is built.

retirement makes people really worried if a person is doing a job and he has a proper way for earning he will not be much worried about future but after retirement they start thinking what they will do now so bitcoin is a good opportunity for those people to save for their future .

In those third world countries where there is a lack of food then n these third world countries you will find food at a high price while in some fertile countries the food is also available with cheap price and in these places we often see the price of land higher.

That's correct. Anybody can target retirement with bitcoin investments but the more important thing is where he/she lives. The life conditions and other factors vary in different countries.

Well that could be an example, but if person is retiring and wanting to save money by moving to another country then it will be foolish to move to a country were there is not even enough food to sustain the local population, so by doing your homework you can move very easily to a place where you can keep most of the comfort you get at home for a fraction of the cost.

If the positive trends in the market about bitcoin will continue up to 50years, Bitcoin is the best investment for your retirement. If you start investing at a young age, you will have a luxurious and enjoyable retirement in your future.

You can of course. You should also stay with the trading platform as it can help you a lot more when you retire. If you are then becomes very familiar to trading you can easily rotates your btc during your retirement

For me, it's okay to invest your money in bitcoin for your retirement bitcoin nowadays is considered a safe haven for investors cause it was not like back then that it was volatile that the price would drop into very low depths then instantly pump. I suggest you put 15-20% of your daily earning into bitcoin to be able to make 1-2 bitcoins. Right now, bitcoin is still in beta mode and there maybe some bugs but eventually the core devs will solve and we will progress, bitcoin adoptation is starting to rise like the legalization in some countries like Japan and Philippines then from local to online business, bitcoin is now widely used as payment method. So there's noy doubt that this crypto currency will have great future ahead.

Unfortunately, I am going to sell at least 75% of my Bitcoins before my retirement. I am really doubtful about the future of Bitcoin, and I want to diversify my investment. It is not a good idea to keep 90% of the investment in a single asset. So I will be selling a part of my Bitcoin holdings, and buying equities and mutual funds using that money.

Very cool idea to save bitcoin for retirement . The price of bitcoin increase  rapidly. In the retirement period bitcoin fill your economic  demand . You can easily move on this day if you have lot of money. And bitcoin will arrange for you.

Somewhat enough i think.If we base on this current growth in the market bitcoins price would still grow up to $20,000 and i think 1 bitcoin in that stage is big but not big enough to cover your life for your retirement its too small i think

That is a good initiative to set aside at least 1 bitcoin for your retirement. But be careful also. You will have to keep track of its price fluctuations because everything's possible. We all want bitcoin's value to regularly go up high but we cannot be 100% certain of in the future. There are also several other cryptos that you might want to invest in. A lot of them are also promising, having very high appreciation. Of course, having a business is also a great thing for you future retirement.

If 1btc is enough for you to save for the future then do it. But fot me as long as I can earn bitcoin i will earn it. Because i know that the price of the goods will be more higher every year so i need to earn more so that i can provide my need in everyday use. Bitcoin is very good for long term investment.and it will be imcrease more each year.

I think it's a good idea to save bitcoin for retirement, we can see now that bitcoin growth is getting better, I think there's nothing wrong with bitcoin as a savings, because what we know today is the value of bitcoin prices that increase from year to year Next, But if in my opinion only save 1bitcoin to retire still less better you collect it more than that,

Saving bitcoins for retirement will be good if and only if bitcoins price would keep on rising and dont stop untill it reaches the max cap,but his option of 1btc is very small for retirement

collect as many as bitcoin you can
because there is no "enough" word in the future
1 bitcoin is small amount even the price is hign in 20 years later

This is not only true for bitcoin, this is true for any investment, if you start young in your investing career and hold long term, then you are going to be able to retire early and with better conditions of life than those that start later, even if they earn more money than you do, which tell to us that with the right planning you can overcome those with more earning power.

If you can store more than 1 bitcoin. Why only 1 bitcoin. Distance can not be determined by other values of remote values, I think we should reconsider, because with the value you know, bitcoin values can not be predicted accurately. . So maybe you can add from now more than 1 btc for your retirement days.

That's all how strongly we hold the bitcoin we've got even with it in the next 20 years even if it's saved only 1 btc but in the future I'm sure the price can exceed the current price so that we save 1 bitcoin for Our old days or retirement is a very good idea.

Yes i agree. It would be wise to leave as much bitcoins as you can for future. Because no one can predict how much bitcoin will be worth in future, and even if you got that bitcoins on trading or from signature campaign, than you got nothing to lose even if bitcoin is worth nothing in future. But it is wise to leave as much bitcoins, because of that chance that it will worth a lot.

If youre planning to save bitcoins instead of real money for your early or late retirement then you should not be saving only1bitcoin at this stage,its so small even to think how much bitcoins will be in the future,it cant cover up your wholeretirement

1 bitcoin is too little especially if consider that the life expectancy may get longer as more medical discoveries are made but if you live in a poor country you may be able to retire with very few coins depending on the quality of life you may want to have, since in those countries many things are very cheap and bitcoin is going to keep reevaluating as the block reward halves.

Why only focus on bitcoin? If you plan to retire,atleast save some altcoin that have bright future
We don't know what future will bring,crypto price for that matter,so i think you have to go for altcoin as well then you can retire without worry

Thats right. Alt coins might be good for future so buy atleast a little portion because someday you may be regret for not having it. Earn bitcoins and alt coins now earn more and more until you reach out the right amount that you have been needed. Bitcoin for ritirement is very good, bitcoins and alt coins are both good investment.

Planning retirement only depending on bitcoin is meaningless, I think. You can't trust any of the assets existed in the world like that.

If in the future that person will start a smaller business with that one bitcoin then I think that one bitcoin is enough for his retirement but if he will not start any business then he have to manage for some multiple bitcoins to get fully benefited.

Bitcoin is growing very faster and it is going to be a very better currency in the future and in the current time it is in the competition of many bigger currencies and assets so I think it is not wrong to rely on asset like that.

Personally, I guess I'll try to buy up to 10 bitcoins and leave it with that.

That's about the amount of money I could lose without *losing* crucial parts of my savings for retirement (aimed at in less than 10 years... omg!) ,
but OTOH, if it helps to even maintain the actual purchasing power of my money till then, I'd be happy already.
If it continues to rise in value, - wow, I'd be extremely excited and for once in my life, wouldn't have had bad luck with investments (yes, that could be read as a warning sign for you guys out there!  ;D )

Right now just worrying about imminent major wars or economical crises that destroy the US's economy as it is, because both scenarios would likely have an enourmous impact on the Internet structure and thus Bitcoin also.

cheers,
p.

Yeah, sure that's not a bad idea, just don't invest a lot in bitcoin since that would be incredibly risky especially considering it is your retirement funds. I would recommend buying up to 5 bitcoins and then just leave it alone. If it rises in value for the next 10 to 20 years, your retirement fund could be very big. It is also a good idea to diversify your portfolio

Relying on Bitcoin to pay for someone’s retirement is funny. Even if the price of Bitcoin gets up to a million dollars there is much more money that they could make as they are making money with Bitcoin. Living a life only depending on Bitcoin is a sad method to living.

I would say its good. You should focus more on your cacao/mango/farming so it will grow and export your products which will earn you a great profit. In the long run, you don't need to be actively participating since money would come passively. You can let your children manage it when they reach the certain age where they can do it.

Yes. This is also my thing.
Before I'll retire and I have some bitcoin savings, i will open some trending food business.
Saving btc is not so 100% sure success so we better have a back up plan when things goes wrong.
Maybe 2btc and some business will do for my future.

Bitcoin for retirement is simply the best one can do to make his living better and this is one such way of enjoying the life. From the days of his employment regularly making an small investment into bitcoin will probably go to very bigger value when the same person gets retired. So bitcoin for retirement is good.

I totally disagree with you. Bitcoin might be your Individual Retirement Account - it is true the price of BTC is volatile, but there is high chance that bitcoin will reach even $100.000 in the next 10 years.
Bitcoin goes beyond national regulations, I would be more scared to locate my wealth in one FIAT - which is destined to inflate.
I understand that people are still highly sceptical about Bitcoin, that is why it is needed to do your own due diligence. BTC potential yields are promising enough to give it a chance.

Exactly! It is pointless, because bitcoin could live 1 year of 10000 years more. Bitcoin is too unpredictable, and to rely on it is insane. Best option for people who want to experiment, and have founds to do so, is to keep some amount of bitcoins. Just in case if price of bitcoin skyrocket. But it would be insane to rely and depend on it for retirement...

Most people talk about bitcoin the most simply because is the one with the most chances of being around for  the long term than other cryptos, many other coins disappear after a while but bitcoin is the oldest and the one with the biggest market cap so bitcoin is simply the safest choice for those that want to save some money in the form of cryptocurrencies.

Relying on bitcoin is actually bad. Because it affects the performance of the people . If we want to retire just save and save bitcoins. And let it there in your wallet , then hold it till you want because if you do it will be for your future too. It is not good to depends on it but having a bitcoin for retirement is good and earn as long as you can.

In my opinion this is a good investment, but I do not know whether to bet on BTC. In my country is the same. In my country is similar, after retirement, you can not live well. BTC is one way to save money. It is important to always check the price of BTC to avoid losses.

We should that much depending on bitcoin the way right now we are doing.It may be down in future it may be high in a future nobody knows about future.1 BTC on retirement and also some fiat money on retirement.So we should not that much depend on bitcoin as we doing it could be hard for us in a future.

lol ridiculous threat society didnt start to accept btc yet but of course you can exchange it for real money i mean you say retired , retired for what ? if you are retired you still can do trading for small but profitable amount if you have at least 1 btc or invest it somewhere you think its safe , basically you can do a lot of stuff even tough you holding bitcoin lol

Ya it is so true that never depend on single investment option for future and same thing that you should have investment in multiple places like, some in bitcoin and some in good altcoins and balance on fiat currency , real estate. So that in retirement what you are expecting will be achieve of living happily life.

no way. everyone can make 1bitcoin with a hard time of earning and saving and specially the fact that thy don't have to invest anything to earn it. if you plan for a retirement and you relay on bitcoin then I will say you should have at least 15bitcoins because it can go really high or low but you can relay on that bunch for rest of your life. you should have a good plan to harvest a small percent of that money somewhere so you still get your pocket money by the time.

I will save some bitcoins for future but I will never depend only on bitcoins for my retirement as it can be very risky as if bitcoin disappears in coming years then my entire investment will go in vain which I have kept for my old age so I will always invest only a small amount of money in bitcoins and rest I will keep in some other form of investment which can give me guaranteed returns.

1 bitcoin isnt bad to kept for your retirement but i guess it would not be worth it to depend on it specially on your retirement better to earn more or set aside as much as you can since you are living on developing country then that would be surely sufficient enough for long term since you are focusin on farm lands i guess it would be enough for 20 years after and we should still pray that bitcoin wont die on those years.

I dont think bitcoin can be your good source for your retirement, maybe you can use your profit from bitcoin for some investment for your retirement like mutual funds, or some paper assets but using bitcoin as for your retirement is not really good for me.

By storing what we have on bitcoin in the amount of 1bitcoin it will be very valuable if we are confident of the development of bitcoin in the future so that the price of 1bitcoin is now quite high then in the future we believe the price will be much higher than now it makes us save Money in the form of digital currency that will be very valuable in old age.

If you want a retirement fund or if you want to secure your future then buying bitcoin or collecting it while you can is the best option for you to have a secured financial future state. Most of the people are putting their bank account savings in bitcoin because they believe that bitcoin has more potential than the interest which is very low in banks.

While this would be something which is nice, when you think about it the volatility would be something that retirees wouldn't want to expose themselves too. They want to be able to get a set return or a set range of returns on a monthly basis to be able to be fine with the money that's coming in, once they have that these people should be happy and that's all. Sadly enough, this isn't possible with Bitcoin and they'd practically be getting killed with the volatility that is present by maybe making good money one month, then poof all of it's gone cause the miners flipped shit and all the coins are worth $20

So, never.

That is correct most of the money that i have in banks are now in bitcoin because i believe in bitcoin that it will become much expensive in the future and after at least 10 years, it will become a very expensive and after that, i will sell my bitcoins to buy the things that i want and have financial freedom and it is much shorter rather than other retirement fund or option.

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.

If you were to take farming as a retirement plan then using 1 bitcoins would already suffice unless you do not have the land to plant those. If you had the land you can invest fully for those different kinds of plants you ere interested with plus the other necessities to sustain its life for a longer time. Moreover, it is already your hobby so I assume that you would not have a major problem because it is what you like.

I think Bitcoin is the quintessential investment for retirement.

Keep your job, save to invest and watch it grow. Obviously you need to have more than just a couple of Bitcoins in order to be able to live through your old age. My advice would be to never keep all eggs in one basket since no investment is ever 100% risk-free.

I guess no good if your only going to store 1 bitcoin today but you could use that to start a small business but 1 bitcoin can give you a profit but i guess your still gonna need a job and your gonna need a great volume of bitcoin to have a great investment for your own future.

We can't really predict the future much more if the time frame is 20 years like what you said, we don't even know if Bitcoin is still being used at that time. I am also that 1 Bitcoin won't be enough to fund you for your retirement purposes even if you say it will go up 10,000$ it won't be enough without financial aid from others. From what I am seeing a retirement fund must be added periodically in your own choice as it can really make a difference once you retire.

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...

Maybe yes. We cant predict it but as for my advice better to save for now, make everything that you can just to earn bitcoin so that someday it will be more beneficial for you it will helps you a lot.

I think the bitcoin is one of investing for your retirement, because with a price value of bitcoin for the future will increase rapidly and tall. maybe bitcoin for future digital currency will be made so that more and more high demand rapidly. I hope this is the right time to maintain the high price bitcoin up bitcoin

So basically, we all know that bitcoin is such an amazing crypto, it's price rises every year and we all know that after 20 year or 20 years from now bitcoin maybe would hit the million dollar mark. No one knows haha, so yeah, 1 btc would be good if u want to retire

I think to retire 1 btc it will not be enough for them, because people from the first life are good and always spoiled with money over 1 btc, maybe they will never be satisfied with only 1 btc, but it all depends from the person himself And how they determine the direction of life they live from retirement so they get 1 bitcoin.

The only problem is the unpredictability of BTC prices. The trend is increasing, but how long? With banks is similar, we are not sure that after 20 years the bank has our money.

If you are able to collect some coins at a good price then it will be useful as the price might reach astronomical figures five years from now and if there are other opportunities to maximize your profit as there are new promising crowd funds that would double your money within a few months and so i am hopeful that i could make a good money before retirement.

But, BTC usually generally uptrends, save the prolonged bull market that Gox gave us. I'm pretty sure cryptos will be a thing from here on out, banks are lining up to utilize blockchain technology, it's efficient cost wise and time wise. The level of capitalization in the cryptosystem makes me think major investors will be remiss to let the price drop to far down.It's too easy to depress/prop up the price with the low overall capitalization (even orange futures markets have more capitalization than most cryptos). You would at least most likely double up your value, as I can easily see 5000 btç, but better to invest sooner than later ;)

After 20 years i predict bitcoin will be dead

I hopes it will be that price too. If will be that place i will work harder for it so that i can save money too. It is too early to retire because we need mo btc so survive our future income. Earn and earn more as long as we can afford to earn. It is better to have a savings for the future too. It will make our lives better soon.

I think 1 btc would be so much less if you were expecting a glamorous life or all the necessities could be bought. If you want your life to be rich then you need more than 50 btc to be able to get a good life. Then make that target and discipline

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.

Yeah I think in the future bitcoin will going to be useful for many people.
It's price will be really great in the future, so I think it is good for retirement.

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.

Bitcoin can be given to people for retirement. Because bitcoin is providing a good service it is increasing day by day and the people who has hard worked in a services like army and nation security related services and so on. If they get 1 bitcoin then it will help them a future. And they will be happy from there life that people are getting the result of there hard work after retirement.

I know that prices will be high in the future. But 1 btc for your retirement, I think it will be very less .. because of you after you retired. There probably will not be any big earnings coming in. So you have to prepare a lot of money for your old age

Investing for the future is always the best move but in my opinion, saving 1 bitcoin for your retirement plan is too risky since the price of bitcoins are very inconsistent.

Even if a bitcoin reaches $10,000 in the future, I doubt if that would be enough to really cover all the expenses on a daily basis, especially when you are retired and doesn't have other means of income. Better still to diversify and save as much today so that you could live a more stable, worry-free, comfortable life in your retirement years, be it on a first or third world country.

Better to invest your bitcoin to some real time investments like putting business or invest in real estate.
Eventhough you still have your bitcoin in you. Like soke bitcoim and real time investments will do for your retirement plan.
Good to have a back up plan coz we'll never know when btc gonna lose its value. Better than safe than sorry.

Actual investment were too slow profit but it's safer, the profit we can get in actual can be x3 in btc, though the risk in btc or any crypto is more higher than actual . It will just defend on us how we will handle it. It's better to have some investment like apartment or businesses made by our earning in btc or crypto to ensure our future if already can.

Nah, not really. Even if bitcoin price will increase after many years, the cost of living will also increase. Never settle for anything less, your 1btc will not be enough for living even you're in a third world country. Right now better to invest more btc it's safer for your future.