Bitcoin Forum

Among millennials, the cryptocurrencies investment trend is gaining momentum for retirement purposes. Moreover, as tech-savvy millennials are shunning traditional banking methods, innovative startups are creating new retirement solutions powered by blockchain and artificial intelligence technologies.

Go here for full article : https://bitcoinist.com/millennials-are-buying-cryptocurrencies-to-save-for-retirement/

I am thinking about the impact of the news and its operational impact. I think a good number of demand will be generated with this news.

Could you please share your views with some reliable logic?

Interesting, I never thought of millennials as being that stupid. Maybe that’s why most of them live at home with their parents until they’re in their 30’s.

Bitcoin is the most stable and secure coin and even it is too new and volatile to be used as a retirement vehicle. Other cryptocurrencies might not even survive to the end of this decade much less to the retirement age for millennials. Scary to think we might have an entire generation of people that have no retirement and will need to milk the government teat to survive.

Yes like me. I really need to save bitcoins because I like when I get old and I had a family I help my children and all my loved ones. So I really want to strive and buy more bitcoins. Because I know in the future I can use it

Well there is talk that bitcoin could reach a value of $250,000 in the future
so some oeople could be banking of gambling on that value being reached.

"Saving" FIAT in bank is counter productive, it will actually devalue over
time because of inflation and depending on the type of account there
would be negligible interest generated on the funds.

Starting a "pension scheme" has had some bad press recently in my
country, commission and fees are paid first, so for the first few years
The installments are not towards the oension itself.

Another thing to consider is maybe millenials dont have enough
disposable income to make a worthwhile pension investment but
enough to gamble on cryptos future....

I think @QuestionAuthority is right. Bitcoin is not a thing that can be used as retirement tool. You can earn a lot by investing in botcoin but it is not at that position that can make your future secured. It is still in volatile situation. Sp I think it is better to take decision with more calculation.

We all know that, and most bitcoin users are just teenagers (except those who really care about the ecosystem)

But yes, we all know how this works and how it is being done at the moment..

Maybe they realize that in the future all things will be digital and it is not impossible cryptocurrency will dominate the economic system so that the current generation prefer to use their money to invest in order to prepare for the future when the retirement time has arrived so that in time they will stay to enjoy the results of investment cryptocurrency done before.

I strongly believe that if its about buying crytocurrency for retirement purpose then i will advice buying bitcoins. I am not too surprise about the fact that millionaires are shunning the traditional banking sytem. The reason is simple, the returns from investing your money at the bank even for the entire working years cannot be compared to investing for some few years in cryptocurrency if speculated well.

There will be a lot of family pressure and financial burden on the millennial generation. Many of my friends will invest in real estate, stocks and encrypted currencies. Of course I don't think investing bitcoin is the only option to retire ahead of time, but many successful stories do find the most popular way for millennial investment. The story that I want to encrypt will not end so quickly.

Since Bitcoin has become mainstream, i'm not surprising those teenager teaching by their rich parent to invest on this.
But i would be agree if even though crypto was still being new, but there are still many chances for replacement technology that more better than this.

Yes, we need to prepare  our future become financially stable, at my young age I need to plan my future I save my bitcoin when I getting old and I had a family I have saving to use for there needs. Planning for future with bitcoin it makes your future financially secure and stable.

investing in bitcoin alongside the rest of your investments is a good thing and you can do that for the retirement not solely choosing bitcoin and definitely not altcoins. @QuestionAuthority is right, it is dumb to choose a new volatile thing for your retirement.
but i have a feeling that they are not choosing only bitcoin for that purpose, it is more like having bitcoin in their portfolio.

MILLENNIALS ARE RESHAPING THE RETIREMENT PLANNING INDUSTRY

millennials might really have a bad impression from the past generation but hearing about this i think crypto really suits their generation very well for with respect to btc its also getting a demand this years. and being able to think of it for their retirement really shows millenials have a bright future ahead with btc.

Its good to know that millenials are now already thinking for their future. At least at a very young age they already know the importance of investing. Its good that millenials save their earning or profit they get thru btc investment or trading for their retirement.

Its good if millenials start saving money for their future at their young age.and they know how to invest their money that they will use not only in retirement but also to have their own business.

Nothing wrong with making smart investments to aid in the retirement process. I’m game for an early retirement. Who isn't?

Millenial people should be doing it. It si good for their future. Nothing bad about that

As of now, I don't think that cryptocurrencies is a good investment for retirement. The market is not yet stable and there are still lots of issues to address. Even though it has good potential in the future, I'm investing on it because of the volatility wherein if you know how to trade properly, you can gain profit. Maybe I'll consider investing on it for my retirement if the issues regarding it will be resolve and if there will be strict regulations about investing on it.

This is the best news I have heard since the making of soap. It will move the bitcoin market in a very bullish direction hopefully. I am sure glad that millennials are taking advantage of cryptocurrencies as a way to save up for retirement. It will have a ripple effect over other crypto doubters as well

It's no surprise that millineals investing bitcoin because they can adapt quickly with modern technology the fact that a 12 year old already has a facebook account. It was only a matter of time until they discover bitcoin rather than the older generations.
Most millenials are tech savvy and work as web dev, encoders, programmers.

It's nice to hear somewhere saying that Millennials are actually making progress, because everywhere we hear are statements and speeches against so called Milllenials.

Older generation just cannot digest the progress world is making, excluding a very small percentage all the others want to stay in the past , they keep saying "good old days", the terrible days is what those are!

It's great to see Millenials are engaging in Crypto field more and saving for retirement, most of them working with 5-10 year plans, and plans to enjoy the rest of their lives travelling and enjoying life, not doing a 8h to 12h job for the next 50 years of their lives, making some smart investments, Holding some coins and tokens, this is progress.

I definitely noticed that millennial's are taking a lot of interest in crypto and many of them are actually investing in it.  I think it's very good that some are investing in crypto for their retirement because as the trends have shown crypto will experience significant gains overtime so there is no telling how high it can get by the time millennials retire.  

you are missing the whole point probably because you are caught up in some profit that you made by accident. the problem is that just because you see some big profit in cryptos it doesn't mean they are good investments to use for your retirement. there still is a huge risk investing in them and all can go wrong in an instant and ruin your future.
in fact there are a lot of newbies that are actually losing money in crypto market! you think they don't want retirement?

they are seeing the negitive returns on paper stocks and bonds are a scam

Yes, I agree that millennials should start investing cryptocurrency now while it is still affordable especially for those altcoins like ETH, Neo or LTH where it could give them assurance of a great gain on their investment until their retirement period. I think even for the middle age individuals like within their 50's, it is still not late to do investment for their retirement also. There profit gains can help them supplement to their medicine needs since as we grow older, we can't deny the fact that we will be suffering some health problems.

At a very young age or being milennials we have to start savings, buy bitcoin, start making investment while at the low price then if you can try to hold it for a long term then we will see when we reach the time of retirement great reward will be waiting for us.

Let us consider the situation of other who look crypto as good for retirement. Let us respect them also as we have our won limitations to grasp the complex and simple things. In this matter as good for investment as preparation for retirement is not quiet the best move ever specifically if the person who did this wait for some time to hit the moon and get the pocket and exchange. This person is too lazy to response into the practical issues of life. However the important is let us consider and respect our differences.

the way people are seeing bitcoin is changing. it started 2 or 3 years ago but it was noticeable last year when one of the big countries (Japan) adopted bitcoin as a real currency like any other currency. that helped many make their minds about bitcoin. they see it as another potential real thing that they can buy or invest in. just like gold or stocks or... and that meant many will include bitcoin in their 401k and things like that for their retirement. this doesn't mean they are fully committed to bitcoin or even fully committed to cryptocurrencies in general. it just means people have found another viable investment option with a great returns because bitcoin has a lot of potential in the long term.

if only i was as rich as them lol

Cryptocurrency is a millennial thing. Its just too early to tell if it can be a retirement investment.