Bitcoin Forum

Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age.  You have the key to the address.  You can verify the transfer on the blockchain.

No middle-men.  No funny business.  No brokers with pyramid/eyeball shaped logos.  No "oops we went bankrupt and lost your retirement."  No bail-ins.  No raising the age of retirement.

Just Bitcoin.

Why would any rational business person employer do such a crazy thing?  The whole purpose of a retirement fund is so that you can dip into it in times of need and/or siphon off the interest and/or play funny accounting games with the money in it?  :P  Certainly the employees retirement is not first on the list.

Yeah, this would not be wise. This locks you into one specific type of investment with no way to make modifications to your portfolio or take out a loan on your retirement account should you need to.

Intriguing, but probably won't fly.
All Bitcoin-Hype aside, for easiness' sake, let's assume we're doing this with our own, special coin, let's call it RetirementCoin(RC).

In the beginning, people will need a lot of RC to pay into the pension fund. RC is new, its price is low, i.e., for a given amount of e.g. US Dollars, you'll have to buy a lot of RC and lock them in your address. Exchange rate of RC will go "to the moon"™, leading to lower amounts of RC required to put into your retirement address.

The years go by.

Finally, when pay-outs start, huge amounts of RC from the first pay-ins will pour into the market, pushing the exchange rate down.
Your second pay-out will be substantially less RC at a substantially lower exchange rate. You'll be practically broke once you retire.

This is a very good point. It got me thinking. Is the above senario inevitable?

IF everyone uses this RC for retirement fund, the block reward keeps up with demand, than the market capital of RC would be huge AND price could be relatively stable. When the first wave of retirement plans matures, it's such a low percentage of the whole RC market, it may not affect the price signifcantly. There would also be a constant capital inflow from youngsters, the ins and outs could balance out.

Your entire premise of using a RC is flawed by the same hype as Bitcoin.

Are there such things as time locked transactions with a single key?  Do they send the transaction with a date in the future? What happens if you lose the key the coins are destined for before you reach retirement age?

Who keeps the key to this address? How can you be sure you'll get the money when scheduled? How can you be sure this is a good and safe investment? If BTC's price falls down, your pension will be peanuts, and that doesn't sound good. Anyhow, this isn't better in any way than classic retirement funds.

I have heard that one can make a transaction which will not confirm before a predetermined block. I am not sure about the details, but the coins will be in limbo for the time being, receiving address will be able to spend it when it gets 1 confirmation in the predetermined future. 

Agreed.

How about a bitcoin pension fund where the btc is invested in something productive ? And the pensioner thereby reaps the dividends of that productive activity ?
 
A Self Invested Personal Pension (SIPP) where bitcoin is deposited, rather than GBP.

Rather than, lets put it all into BTC/to the moon etc

So, in essence, one would be hoping that the wouldn't lose their private key in 30 or 40 years? That's beside the speculation as to whether or not bitcoin itself will still be around in the future? I know we all want it to be, but storing huge sums with no way to yank it out if something negative occurs, neither of those seem like especially wise decisions...

very nice if bitcoin can be used as a fund after we retire from work, which is expected bitcoin exchange rates on the future will increase and can be used up to the day our parents, hopefully the price will be more stable bitcoin exchange ...  ;D

I was actually thinking about this too.

Until i wanted a amazon gift card and fell upon gyft.. fml lol.

I am considering similar plan... Set up college fund for my child with BTC. Hope btc to da moon and it works!

There are many reasons why someone would be able to withdraw money from their retirement accounts as it stands now. Age is only one reason why people can withdraw.

Another issue is that there is no guarantee that bitcoin will still be around by the time a person is ready to retire. I agree that bitcoin is very attractive today, however this may change in the next 40 years when many people who are early in their careers (and just starting to save for retirement) will be ready to retire

My advice: Do not depend on it. Specially for the older people, don't invest your retirement on btc.

In theory you can take certain precautions to prevent the loss of your private keys, for example a multisig address that can be signed by multiple brain wallets, I think it would be unlikely that brain wallet farmers would be checking these kinds of brain wallets, and you could keep your keys in your head.

I do agree with the issue of not knowing if bitcoin will still be around by the time someone retires. One feature of most/all retirement accounts is the fact that you have the option to sell an investment, but keep the proceeds in your retirement account if you think it is no longer appropriate to hold such an investment

hmm nice idea , i will do that soon.
spare some income every month to bitcoin and keep that for couple years.
maybe it will worth alot in the future , or that will great legacy to my sons  ;D
but that can happen if bitcoin still worth in the future.

Putting 1% of your retirement contributions in Bitcoins wouldn't be a bad idea.

People are already thinking on these lines.
http://www.thinkadvisor.com/2014/10/30/bitcoin-in-your-401k?

I believe that bitcoin could be used as a fund when we retire, bitcoin exchange rates are becoming increasingly large, making my hope with the greater bitcoin, bitcoin more we collect, the better for us on the day the old fund, there is no guarantee we can still work until old age ...  ;D

This may be true, but not in the way the OP is describing. I would say that investing in the second market bitcoin fund of the COIN (BTC EFT) would be a very productive investment for your overall retirement strategy, however you need to be able to sell in the event that bitcoin no longer appears to be something appropriate for your retirement strategy.

Hello,
an alternative is also put aside your bitcoin for 1-5 years see what is happening with the market,then if u have a nice profit from btc, cash them out and the amount u can put in retirement fonds, after that u can only chillax about your retirement 8)
This something more easy to do for the normal btc user :)

And remember   always have a small lot of btc cause well we all know that this is the future :)

Not when the price is fluctuating like what we are seeing right now. I mean your points are valid, nothing wrong with it, no middleman, safe but what if it loses its value? At that time you might be too old to work and you realize the value is not enough  to cover your daily spending.

This is my current take:
30% crypto
50% metals
20% fiat
10% other (bonds, whatever)

Diversifying without going nuts is still king. And don't understimate fiat as if it's going to dissapear anytime soon like some people do around here.

Let's hope for this to be a reality when people view bitcoin as a safe storage of value. That is only possible when price stabilized

Bitcoin is a serious risk, putting your retirement in BTC is inviting disaster. A small portion, though, wouldn't be that crazy.

i have followed the rabbit in 2014 ... and i have, too, convert my bank account for retirement to many littles wallet in bitcoin.

simple ... i check regulary old wallet to see if problem appear but, for now, it's prefect (an old one take 15min to be recreate in bitcoin core).

i use a dedicated PC that it have only bitcoin core and OS (without any updates).
I switch ON every 1 day in a month to keep the blockchain updated.

well, Bitcoin is a perfect network, you can't loose money ... not like the bank (and regulary fees without ask the deposit permission).
you can't have freezed account for negative operation (you can't miss something).
you can't restrict the amount wired to an other party (like my friends or familly).
you don't have fees (except the dedicated PC ... well, not a big deal with refurbished PC).

---

At this time, i have 5% in bank (bills for the month), 5% in cash (food and regularies things) ... and 90% in bitcoin.
The first thing that it have noticed is that "bankster" don't call me every month ... no AD from the bank !  :D

i think too much differentiation in investments, could be dangerous, ok to not put all your eggs in one basket, but seeing the current situation, where only few assets will rise, you chance of not doing well will be higher with many different investments


you should not put your retirement in anything to be honest, if the money you have could permit you to retire without working anymore then you don't need  new money in your portfolio

Actually im doing something similar: I keep a % of the BTC I get into cold storage, in a really offline and difficult way to extract coins. I don't want to open that wallet until 40 years from now.

yes, otherwise, you'd become poor if you blindly make that assumption that the price will go only upwards

Diversification is the key.
And the same applies to currencies.

You don't want to have your savings in one currency neither ... not implying that the "Euro" is the currency to choose from (I think it's the worst option) but you could diversify and use GBP, AUD, CNY, and not only USD. Add BTC as well into your portfolio and that is how you could get your savings to grow (e.g. on the AUD you would get high interest %).

Actually, you don't even need an employer. You can do it all by yourself on a dedicated wallet.

What makes that dedicated wallet to be safe?
For instance, what prevents BlockChain.info website from closing its doors tomorrow?
Is it subject to any regulation?

It's true that blockchain has no future and can shut down anytime. I have seen people saving thousands of dollars in the wallet and waiting for the price to rise. What if that website shuts down? They will lose such a huge amount.

Similarly, Liberty Reserve as well shut down and I along with other people lost so many dollars. It's risky to keep an account locked in any wallet and it's no safe even to store amount in just 1 bank account. My family members have lost lacs due to their mistake as the 2 banks just shut down due to bankruptcy.


If anyone feels that bitcoin wallets/blockchain can be used as a saving account, don't forget that the currency isn't regulated and if the website itself shuts down, you can lose everything in a second. Blockchain doesn't even have any verification process nor any other wallet has any kind of verification like PayPal/Payza and hence they aren't reliable. It's better to convert it into fiat when you receive it.

Asking about investing in Bitcoin won't help you decide because most people here have a positive attitude. Roughly 60-70% of people who spent at least a couple hours learning about Bitcoin will see it as a good thing. The problem is lack of knowledge and ignorance, and these two things can slow down or even stop the expansion of Bitcoin. So in other words people are worrying that blockchain may fail, but what if it's ignored and forgotten?

Yes, our business also got a hit from the fall of LibertyReserve but we lost probably a few hundred dollars. We never keep a large amount with any provider. We use PerfectMoney for instance but keep reserves of no more than $200 with that site. We learned from such incidents to never trust the website you're dealing with, since anyday it can just turn away and disappear (unlike our site where the user has virtually nothing to lose but much more to gain).

Bitcoin will never be "forgotten". Look at other p2p or projects that need nodes like Tor or even Freenet, there is always people willing to deliver resources to keep it alive.
The difference is with Bitcoin people will see a necessity to use it bigger than ever before, as economical control keeps increasing..

Let say it will not stable until your retirement if you really got so much bitcoin I think it will be enough for your retirement asset. Lets say that someone safe it for 1k or may be 10k of bitcoin and they sell it when their retire time. It will be enough for them with this current price

Dont see any porblem with allocating a very small amount towards a bitcoin fund for retirement.  I'm aiming for housing/land, precious metals, bitcoin + functioning businesses for retirement fund.

by dedicated wallet he mean local wallet and transfer your funds on a cold storage supposedly, this is safe and fully under your control

i don't think there is anyone regulating it

also with bitcoin(if succeed) you will not need to lock it like regular fiat, to gain interest, the interest will come naturally when the price will rise

this is the beauty of a safe heaven, and even if it is not 100% safe, i find it still safer than any bank account, with the current crisis...

 I'm sorry, but that's a terrible idea. Bitcoin is much too volatile to be used as a retirement investment. Don't get me wrong, I love Bitcoin. But it's not the right vehicle for a retirement account.

But just because it is too volatile now doesn't mean it wont be stable in the future. If bitcoin is the worlds first international currency adopted by billions by the time people are ready for retirement it could be a great plan.

What you see now as stable may not be as stable in the future. What's your alternative, fiat, gold? what else? The future is too uncertain for anything to be worth calling "safe retirement plan". Might as well risk becoming a millionaire with BTC.

I dont think the employer would be okay with paying premiums for bitcoin, if there was a price spike during your employment.

It would be a huge risk for that business to pay you, cause it would be possible more pay on their part to pay you out.

Outside from the obvious price decline as well, but that fact it would consume their time to monitor prices isnt worth it to them.

Very risky, no one would accept that

Won't be feasible for a couple of reasons:

- How do you 'lock' the address if you have the key? You will eventually get tempted to withdraw sometime before retirement.
- How do you know BTC will be worth something to support your retirement? It might happen that when you need these funds most (when you are old), Bitcoin may be worth nothing and you lose your life support.

If the price stable it will be worth to be our retirement fund and I guess people will save their retirement fund not only in this bitcoin but some others too because they wont be just hope this bitcoin in skyrocketing, they need other fund to support them too

To call Bitcoin a 'stable' investment will also be a form of gamble. With fiat you at least have something, even with inflation hitting. With Bitcoin, you may have zero value - no one can say.

It might be good idea to put very small Bitcoins to cold storage every month, just enough the amount you can afford to lose.
If the price stays stable: you gain what you invested
If the price rises: you get good profit
If the price falls: you never invested more than you could lose

I think its an individual decision to whether invest in bitcoin as a retirement account or not and it also depends upon the age of the person. Bitcoin seems to be attractive today but the same case might not be in future as it is becuase of its volatile nature. So its better to play safe.

This is valid option only if take into consideration that bitcoin price at time of your retirement will be higher or the same as today. I personally wouldn't do it because bitcoin is too volatile for long time investment like that. You don't want to gamble with your future, fiat is still better for plans like that. Invest in real estate or gold instead.

That's true even I would prefer to go for Gold investment or a Real Estate bcoz u ll be definitely having good returns on investment in future but not sure about bitcoins whether it can be trustworthy or not..at present its good good to invest but cant say anything about future.

You can do it for yourself but I don't see a non bitcoin related business doing it

I dont think it call form of gamble. With this fiat of course is the best for now but soon or later bitcoin will change it. And bitcoin for now is highest currency in digital altough it drops you will still get profit so that doesnt make you gamble in this things. This is how to anticipated things in bitcoin

For some reason I trust lots of electronic backups more than paper. Paper is prone to deteriorate with time. You would need to put it inside one of those plastic sealed bags or something. A combination of both is most likely the best way for long term storage.

If Bitcoin stabilizes (and not before), then it might be worth looking at but not until then. When it comes to retirement, safety and stability are of utmost importance. Speculative investments (like Bitcoin) are better suited for discretionary income investments.

Don't get me wrong. I'm not against investing in Bitcoin. I just feel that it's much too risky for a retirement account.

I have a few BTC in cold wallet. I'll hide usb a dozen years :) In 2030 bitcoin will not exist or exist like a main world currency. 100 000$/BTC :) I will risk my bitcoins to have that good retirement  :)

Stupid idea.  Just do a SEP IRA and get tax deductions

Sounds Great!!!!  to have a bitcoin as a Retirement Account. Would definitely love to have it. Certain risk is involved as we don't know what's the future of Bitcoin but still can afford to have risk. Its like Stock Market Either Sky is the limit or else you would return empty handed.

If you are on the cusp of retirement, it might be a bad idea. Otherwise, for true believers of Bitcoin, this would be an obvious thing to do. Irrespective of where the price fluctuates in the short term, you know that the long term trend is going to be upwards.

That mainly depends on what number of total bitcoins you hold in your account if the amount is good enough then definitely its an best option to opt for because the value of bitcoin will be more after 20 to 25 years so it would be best to have bitcoin as a retirement account.

Actually it doesnt matter how many bitcoin that you got in total. If you want to really use it for retirement account and you want to get some profit with it what you must do is start to collecting bitcoin with all the money you got now since the price is still low

Sounds like a terrible idea unless you diversify.

This is not a terrible idea because everyone in this world need retirement fund so they can live happily and one more thing that I can add is bitcoin always make a new variation and people nowadays are start to use it as a new kind of payment in this era of technology

But you're assumig tha the price will always go up in future. That is just a speculation. Youi might end up having nothing after a few years. Bitcoin might be worth zero.
So you may get into a situation where you end up having nothing when you need the money most (during your retirement.)

If you're accumulating BTC for profit in young age and you invest what you're prepared to lose, that's not a big issue. If BTC ends up being nothing, you can still work your ass off to cover he expenses.
But if your retirement fund goes to zero and you're old, you're in a big trou\ble becuse you can't even work.

Nope thats not true. I am sure that bitcoin will going up. Because there are thread saying that many banks will use this kind of technology to improve the securities so until that time I think bitcoin price start to raise little by little and that make you get profit

Many will retire poor if they did it last year.

Bitcoin ans block chain are two different things. When you say banks are going to use bitcoin 's underlying technology,  you are talking about block chain. Even if the whole world starts to use block chain,  it does not have any relation with bitcoin 's price.

You should not confuse block chain 's adoption with bitcoin 's adoption.

Yes. Many here still confuse block chain and equate it with bitcoin.

Time to wake up.

I'd say move the time-lock outta the way, make way for the employee to buy/sell, or hire a professional to hedge,then i'd say you have something, the fact that securities,banks and finances are investing in this kind of technology already,shows that the cryptocurrency isn't going going to be redundant for a great while now.

What do you mean its a two different things? Blockchain is the one who support bitcoin right? If they support bank that means they will also support bitcoin too right? If there is no bitcoin in this world so there are no blockchain too. I think they are correspond each other

What if, after working for x many years, you have a final amount of y BTC, and then suddenly the price of bitcoin plunges? Your entire retirement savings are moot. You lost everything you worked for. People can buy that same amount of btcs for much, much cheaper. What do you do then?

Nope; you can use block chain 'technology' without Bitcoin.

Block chain is nothing but a decentralized public ledger of transactions or data. If you want to implement this technology to anything, you can do so by having nothing to do with Bitcoin. However bitcoin comes into picture if you want to use BITCOIN's block chain. But when we say banks are going to use block chain technology, it does not mean we're talking about Bitcoin's block chain. They may have their own block chain which runs on the principles of Bitcoin's block chain, but it is NOT Bitcoin.

Hell..  i can have my own block chain to record my own bits of data which is based on the principles of Bitcoin's block chain, but has nothing to do with Bitcoin and its network.

You never really know what the future holds. If you live in a region with civil unrest, political uncertainty or energy crises then it’s difficult to imagine that anyone would use bitcoin for your retirement account. I mean, essentially, bitcoin is dependent on the Internet to be functional, and if you are somehow severed from the power grid or the online community, your bitcoins will be worthless, even if you store them in physical form.

I think its an great idea to have bitcoin as a retirement account. Generally people hesitate in accepting it as a retirement account due to its volatile nature it might go high or it might be dead but i think no issues in investing in bitcoins as in future you can earn high returns.

I want to put the quote:

"I am sure that bitcoin will going up" (2015)

right next to a previous:

"Housing prices will always go up" (2007)

This is the best time to invest if you re looking for a bitcoin as a retirement account as the prices are comparatively low as it was in the past So its the best time to invest if you keep on waiting that it will reach $100 then it would be a really bad decision to make.

Assuming everyone needs a retirement fund to be happy (which is something I disagree with), wouldn't it be a terrible idea to only have Bitcoin in that said fund?

What if all my savings are exclusively BTC (i.e no diversification) and they turn out to be worthless in 10, 20 or 40 years, how am I suppose to live happily?

then you put 50% only and be happy anyway, no one said tu put everything you have in bticoin

but bitcoin still looks to have more chance to grow than dying, so even 66%-75% would be a good bet

Yes its true. I agree on you. I dont think bitcoin is gonna die for a decades. So if you invest some of your fiat in bitcoin, it still worth and you may get a lot of profit from it. And its all depends on you whethere you want to convert it or not

Everyone needs a retirement fund because what the hell are you going to live on once you retire if you have nothing to pay the bills with or your rent? Using the word happy may have confused you but you certainly need a fund to be comfortable or to survive at least and if you don't have one you certainly wont be happy starving on the streets.

If you have 20+ years left to retire, even a couple of bitcoins put away may be enough.
If you lose, you don't lose much.

If this gets approved by the government (ironic), then the bitcoin price will definitely go to the moon!

Average guy: 1% of his portfolio
IT guy: 5%
IT and finance aware guy: 10-20%
Bitcoiners: At least 50%
Gamblers: 100%

I got 25% only in bitcoin, and the rest of my money it is in high risk bank savings (getting 1.5% interest only).

I do own a little bit of farm land and have a family house that is rented out.

Will support this thread as I feel that it can be great idea to have an bitcoin as retirement account. If I hold good amount of bitcoins then definitely it can be prove as a better investment, again you cannot neglect the risk factor but hopefully bitcoin will do better in future.

Right now
Average Guy: What is Bitcoin?

If you are planning to hold it till retirement (assuming you are not knocking on the doorsteps of retirement), then 1% is a sizable amount, considering the riskiness of Bitcoin.

1% ,that is too small. What else you would hold greek bonds or financial stocks? Those are 1000x more risky at the moment than bitcoin.

The 30 year bullish bond markets will collapse soon, and then people will regret why they didnt bought bitcoin instead.

NEVER give up houses and farmland, that's gold you have there, besides coffee, chocolat and water the primal things human need, wait and see in 10/15 years, you'll see, so never sell property but rent it out and keep accordenly, to value price and inherit laws per country, that sum of money stowed away to give your children to buy the inherit taxes of so it keeps in the family.

------------------

a retirement funds... don't sell everithing in 1 go, lol  just sell monthly what you need to live on or that little + on your pension income or need a vacation? a nice present for someone :) not be greedy and all in 1. that way prises could be/stay stable wright?


edit: sorry i mean rent out, not rent. english is not my first language..

I must sell the family house because its in shitty shape , but i dont sell the farmland, that is really worth it. But i think bitcoin has much higher ROI, so i`d buy more of it later on.

Luckily there is no inheritance tax in my country (at least that, otherwise i`m taxed 80%).

i think that too, i would say 5% for average guy, they know about bitcoin, they are just to afraid to invest

and i would rise to 10% for IT guy, the rest are about ok

Bitcoin is a global currency.  Total market cap is in the low billions of USD.  How are you going to tie up enough bitcoins for YEARS to allow a significant number of people to retire on?  Not going to happen, even if people were stupid enough to want to do something like you suggested.  No offense.

Total market cap is in the low billions of USD now. You do not know how much they will be worth in 20 years.

Population of Earh will triple in the next 20 years, the amount of labour generated will be alot, and that 0.01% that uses bitcoin now, might be 1 billion people in 20 years.

Bitcoin will go viral, i`m sure of that.

There are sooooo many ifs that you have factored, perhaps wrongly, into your surety. 

But my response was to btc being useful for a retirement account.  I called it a currency.  Is it a currency or an investment? 

If it's a currency, then the best thing for it would be price stability.  In that case, btc would be absolutely horrible to sock away for retirement, because inflation would eat it away--and I mean inflation of fiat, because I do not expect the major currencies to collapse in our lifetimes, and since things are priced in fiat and btc is largely purchased with fiat, btc is tied to fiat.  I could be wrong. 

If it's an investment, what justifies it's price?  It represents no earnings as a stock does, or debt like a bond does.  It's major advantages are as a currency: it's quick to transmit and the fees are very low.  It's not even a physical thing like precious metals, art, or stamps. 

You might be sure btc will go viral, but I'm not so sure it'll be around in 20 years.  Again, I could be totally wrong.

Inflation of fiat money is exactly the reason you should use bitcoin as retirement savings, since it is anti-inflation, or even better, deflation. Its purchasing power would increase long term wise. A 100% increase in 4 years time frame seems to be guaranteed due to reward halving every 4 years

As for investment, at a higher level of abstraction, all the investment is about growing your purchasing power. You receive some stock dividend or bond interest, but if those income and principal added together still bring you less purchasing power (due to hyperinflation), then that is a bad investment. However, if you hold bitcoin and its purchasing power doubled or even quadrupled during a hyperinflation, that's a good investment

It is difficult to imagine where is the bitcoin's value established upon. Again, at a higher level of abstraction, value is all about trust, as long as there are some people trust bitcoin and willing to accept bitcoin in exchange for other valuables, it has some people backing it with real world resources. Although those backing is very distributed, they are all volunteer, which is very different from a government-backed-currency (typically forced upon its citizen domestically). Some day in 2009, north Korean government decided to abandon its currency and go for a new one, no one could against it and people with lots of cash saving lost a fortune. But for all the bitcoiners around the world to abandon the bitcoin at the same time is very unlikely if not totally impossible. From this point of view, bitcoin's value also comes from its non-political nature

I would be disappointed if Bitcoin just managed to hold its purchasing power or increases marginally in the long term. I would put aside a small amount of money, be willing to take a hit if it disappears, but also expect a substantial return if it takes off. With large scale adoption, Bitcoin's price can take off and we as reasonably early adopters, may be rewarded.

It will obviously go up, it's simply math and literally unavoidable. It's a matter of when, and having the balls to sell at peaks to buy back later. Insanely risk tho, you never know when a peak is going down or it will continue.

If I am holding a good amount of bitcoins in my wallet then this would a better option to have it as an retirement account as i guess the value of bitcoin will raise in the future and holding good bitcoins will make your retirement life safe and secure so i think its an great option.

If bitcoin is officially regulated and well accepted like any other foreign currency, then the adoption will explode. However it is also possible that it will never gain a clear status from the government (Due to anonymity and no issuer), thus there will be less and less new people adopt bitcoin (Those who are geeky and brave enough to ignore the government directive are almost all on board now). And that will make the user base grow very slow. If the user base do not increase quickly, then 100% return in 4 years is already a quite good number

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

The value of Bitcoin is hard to evaluate within 5 or 10 years and is not always the way as you think. why don't we got the salary and use it to buy and sell Bitcoin for investment. I think the employee is crazy if he accepts the method.

I believe that is right we cannot judge the value of bitcoin in coming future but it has a good future so investing in bitcoin would be a wise decision I believe. And if the prices climb up then it can prove as a best retirement account and obviously earning high returns.

I'm using my bitcoins as a savings account but I don't really plan on it being a retirement fund. I guess it all depends on how well bitcoin does but I plan to hold for a couple of years at least with the hope to spend them in the future.


Can you explain the math behind this? It's not literally unavoidable at all. Maybe likely to rise in the future due to supply and demand but demand is not guaranteed and neither is bitcoins value.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Well indeed, I`ll buy 2-3 Bitcoins in a couple of days, the price seems fairly stable, and it stabilized around the 200€ mark, i dont think it will go lower.

I like the concept, but the only thing is, Bitcoin could possibly be the worst long term investment, or the best possibly long term investment. It's almost like a 50/50 type of deal. Using fiat is a much safer form of payment because if Bitcoin were to bust, your retirement fund is wiped. The only benefit is the simplicity of it though. Retirements are always tricky, holding Bitcoin that collects progressively would be so much easier than traditional methods.

Holy mother of Christ, your post made absolutely no sense.  Read it, and read it again there, Mr. umaOuma.  I don't mean any offense, but I see this bottom-feeding, t-shirt dribbling nonsense all over bitcointalk and it makes me wonder what the major demographic is here.  16-28 year old tard-blaster from a country where the roads aren't paved and executions are carried out in the town square, I believe.  Am I warm?

Too risky. The company establishing the accts could just take your coins. Plus, what if you lost your job and ended up penniless except for the BTC, you'd be the richest homeless person in the world. Wouldn't that suck? Keep ritee t funds in BTC if you want, and have the discipline to not touch it till retirement!

This.  It is just way too risk to base your whole long-term future on.  Yes?

I guess it will be stable for just in a few days more and hope after this it will going high not dropping. And buying 2-3  bitcoin directly is not a best option because you didnt even know what is gonna be later and better wait for a little bit low then you buy or earning first

it's because of the signature campaign, there are many no sense post lately all over the place, everyone is carrying one now, i think it's getting out of control, that post is pure spam worse than being off-topic

Thanks for your worry but i`m a bit hesitant, i already own a few bitcoins, and i`m not sure if it would want to put more egg in this basket.

I`m also looking for DASH and Shadowcash, they look promising

The Pharmacist's take on the post was pretty funny but the post did have value in that these sig campaigns want repetition of their brand by positive, informative posts. So, some of these posts are a little on the bland side and not worthy of being placed in a PhD thesis paper on computer science but it was conveying an opinion on the concept of whether to buy or not. This more this market and consequentially this forum, you're going to get a lot less super nerds w/ extensive knowledge on the intricacies of tech and more normal commentary and opinion. We'll just have to live w/ that as the new norm. I'll take plenty of this if had the luxury of being rid of that demented troll that busts out new sox a dozen times a day and posts disgraceful pics and such.

If you are going to do some altcoin trading, better stop your buying, I dont think you will get profit if you buying that much bitcoin, but for altcoin trading you will get more compare to your buying but there is a risk for dash or shadowcash is going down too. Think carefully before making your choice  ;D

Risk management? Allocate like 0.5% of the portfolio in it then you down care about failing it.

Also allocate the % based on their risk %, in more risky currencies alocate less % and in stable ones alocate more.

I would understand it would be a viable option if prices were always stable, but since the huge swings it would be a huge gamble for anyone.

I`d opt in, if it was mixed combinations though, like 10-15% into bitcoin and the remaining in other options as a retirement account.

Prices will be more stable once the economy gets bigger.

Why are there those swings? From fear.

If the economy gets bigger, then people would fear less, and they would not sell their BTC at every single fearmongering.

I dont know if this guy "Chamath Palihapitiya " invested most of his funds and accepts bitcoin.

It kinda tells you something, so I pretty probably follow the same advice considering bitcoin being gold 2.0 like he seems to mention.

So for me, I`d play copy cat and invest my retirement account to bitcoin.

I would be careful with that, atleast diversify into other cryptos.

Dont put all eggs in 1 basket. Try out Litecoin ,Dash, NXT and others, they can be promising too. Just keep the risk small, because the returns will be huge.

Its true that what you said about that bold part. But for other cryptos like you mentioned before is kind of late if you just start to make the investment  now because the price is already higher and may be you will get a little profit or may be wont get anything by investing in it

But surely it's those huge swings that could possibly make it a very good investment? Of course its risky but you never get anywhere in business without taking those risks. Personally I'm choosing to earn and put a little into bitcoin as a savings account for the future but only an amount I'm comfortable with, but I do see the potential in bitcoin and what it can achieve in the long run so I'm fairly confident it will considerably rise in value within the next few years.

An investment is an investment, dont expect to make 1 million $ from it.

But a few 10-50% return is still better what many average stock market investors could get.

So definitely some opportunity here if you are well capitalized  :)

 Not the best idea.first people dont know about bitcoin,second bitcoin is to much speculative,and there is easy to lost private key.And tell me who will manage that,people themself,nothing will left for his oldage,thay will dump for fiat immediatly

there isn't much difference between investing in altcoin or in a random ponzi(they are good if you go out early and enter the first day of a new one), they are basically the same risky way to double or triple your income

actually i find trading alt more risky, because it is very confusing with all the alt that there in in place, if one isn't good enough in trading them he could lose himself pretty quickly

Yeah, but I rather be more comfortable if I even made 1% in bitcoin.

Its more of security, then profit in my view. I mean I`m just putting in a hypothetical scenario where you retired in your 50`s, and you have to go to work again sounds really shitty all cause the investment itself gone bad.

I think this does not seem wise investment since the current trend does not show increase in prices.

Overall trend is a downward hill, since its correcting itself from the past events.

But, then again there can be an event something positive which shows elsewhere. Esp, if it gets to reddits top page, making people react.

I agree with the diversification part.  However, I would not put so much into metals or at least not raw and mined metals.  That sort of allocation into businesses that fabricate such things is wiser.  Chemicals is where it's at for the longer term.  If you're talking shorter term then maybe but I see gold tanking imho.

well you never know what can happen tomorrow ,sure you must start thinking about retirement the sooner you think ,the better results you will got in the future,about do that with btc well i wouldn make such ,im a believer that bitcoin will stay for years as several others news coins,but they can earn as loose worth soo you can spend lets say 50.000dollars and when you go to sell them worth 20.000dollars soo not a safe investment at all

I consider  investing a 10%of income on bitcoin a fine share of portfolio since it is highly risky investment

bitcoin in the long term has plenty of room for profit. especially if you compare it to other investments. i would say 20-25% in bitcoin and hold it for as long as possible.

Well everyones right answer would be diversify, but the question is how much money do you even have to begin with?

You cant be really helping yourself if you diversify only a small principal amount.

That is why people talk about "percentages".
The amount does not matter, what matters is the proportion of your surplus/net worth you invest in Bitcoin.

this is my take, but I`d put about 90% bonds, 10% crypto, and reuse the amount earned to crypto.

Then do this for the same with gold as well.

well not exactly, investing few pennies isn't like investing big no matter the %, he is talking about how many of your total money(thus that are saved should be counted too) are you investing

if you hold 100k usd total and invest only $100, then you should not worry much about % or when you are investing

With something as important as a retirement, I would be more careful than to take a massive leap of faith by putting it all on one horse. But I do think that taking a small piece in bitcoin can help in 40 years! :)

The discussion on retirement coin is a valid point in the thread
It's nice to be liquid but at the same time have something that grows in value so its a complex question of whether it is a safe means to store wealth if the exchange rate changes rapidly.
It could work but best to not bank all in on it.

To reduce your risk it is better to assisgn a percentage, when you have 1000$ then 10 or 5% which becomes few ,this makes you have less risk of losing all you have

This would actually be good, but who is going to take such an initiative to get this thing going???
Bitcoins for retirement would be great, but either we would need Governments to get involved into this, or some really trustworthy authorities to take the responsibility to do so like the Bitcoin Foundation...

In this interesting video you can see how to save Bitcoins
for retirement:
https://www.youtube.com/watch?v=-mmt9JHmKss (https://www.youtube.com/watch?v=-mmt9JHmKss)

How the hell do you need governments to get involved? Do you need a government to look after your coins and wallet right now? Just save the money for your retirement fund yourself and put a bit away each month or whenever you can afford. You need no third parties for this. I'd rather keep and have access to my own funds myself rather than trusting a gov with them.

I did not say like that, I said that we should have someone really trustworthy in order to start an initiative in these regards...

Ey that is pretty cool idea of storing BTC safe.Thanks for that.Nice catch!

I'm not sure I understand you or what you mean by 'initiative'. Why would we need any 'trustworthy' third parties involved at all?

Nope. Why do we need government to get involved with this kind of things? They dont even care about what we are doing and how we earn bitcoin, if they involved in this I dont think you will really get your retirement payment, may be you need to pay every single thing that they mention so you will get all of you bitcoin and that is wasting your time. If you are really want a trustworthy you can use any escrow in this forum they will help you for sure in every payment

I already make a few cubes for me and my friends.
Its easy, cheap and fun  :D

no employer would do that and 98% of employees wont accept it. also it depends highly on if the bitcoins will be extras on your salary or it will be cut in the salary.

the former is a total yes from employees but not from employers

the latter is a probable yes from employers but no from employee.

Bitcoin as a retirement account is very very risky but if you can afford a total loss you can try it. if Bitcoin will succeed you will really have a good retirement time  ;D

Whatever you end up doing, if you just want to store BTC for 10+ years, by all means do it through cold storage and get your paper wallets sealed with inflammable resistant material, and make several copies. This way your BTC are safe as long as you keep them safe.

How good can it be, if there are less than than 21 million coins in circulation when you retire (i.e. this century)? Oh, and by the way, there about another million folks wanting the same thing out of that 21 million coins.

those milllion folk are only holding few pennies in bitcoin, the great numbers are still in the hands of a few, ,i doubt the first will dump anytime soon, seeing how they hold nothing basically, their holding cannot even be considered for retirement, unless bitcoin reach 100k...

If there is higher demand price automatically goes up. 21 million coin limit is never a problem either moneary and or technically. It's a self regulated system in all spects, except when devs fight over blocksize limit. That is not so self regulated.

Yeah you cannot afford to trust government when it comes to bitcoin as we are aware the government will never support the bitcoin so it is useless to expect that government will come in support of bitcoin and you cannot trust anyone when it comes to your own money just trust yourself and move ahead.

To think about retirement + Bitcoin you need to have clear the fact that we are still discussing hard forks, in other words we are still in the very early stages of BTC. We have yet to find a formula and solution to make it scalable so you can star thinking about Bitcoin has something that will predictably have 100+ years of life and beyond. Once they fix this, i'll put most of my wealth on it, until then, I will treat it has something exciting but not think about it as a retirement tool.

Retirement account seldom need transaction for weeks and even years, so the scalability for that purpose is quite good even if all the earth's population is counted

Fork is annoying, but those who have experienced 2013 fork will understand that it is not that dangerous like it sounds

By Initiative, I mean some authorities, highly trustworthy, the ones who are related to Bitcoins and have fame in the same field, should start such a program which would give everyone an opportunity to store their coins with them...

I am only saying this because there are people who either lose their money due to exchange hacks or due to gambling them away...
Only a few are wise enough to either put all their coins in Paper wallets or safe somewhere in offline wallets...

the possibility of a fork happening even when bitcoin will reach fully adoption isn't so unlikely, so i don't see the reason to not invest now for you retirment, instead of investing when bitcoin may look more finished


i missed that fork, it happened after my registration on this forum, i wasn't aware of it, it look to be on the same entity at the upcoming fork, but while that fork was a mistake, this is intended

Bitcoin is not so much safe,even internet if will be not strengthen will crash after 8 years

and what will happen with btc whan all btc will be mained,bitcoin has to much problem to be safe

Yes and i dont think that its an good idea to have bitcoin as an retirement account. The future of bitcoin is uncertain so i think we should hold bitcoin for few more years and then sell when the right price is available that is the best way to earn profits out of it rather then waiting for next 25 years.

i don't really think using bitcoin as a retirement account is the best option because the future of bitcoin is not certain as nobody really the future. Predictions is possible but it is not 100%. It could be profitable at the longrun or not profitable at all. Well, everything has risk, you just have to gauge the risk very well before taking the decision.

This sounds like something Mushmouth from the Fat Albert show would speak.  Well said and thank you for scunting up the bitcoin forums.  Where's that signature campaign when I need one?

Nothing is sure with related to investment at present Either you go for gold or real estate no one guarantees you the profits but you can trust bitcoin over the gold or land as the financial gurus have predicted that it is the future currency but you need to follow your heart and your mind to get into a particular decision.

If you hold 60 to 70 BTC then I believe it is enough for you at the time of retirement. You don't need to hold anything else or you don't need to invest anywhere else and this would give you the best return on investments in the future just wait for next 5 to 6 years and you will be the wealthy man.

the future is not certain for any assets, and bitcoin at this point isn't any different, it could go wrong like it could go well, it is just a matter of perspective, and belef

if you really don't see any other better alternatives than using bitcoin as a retirement account, then go for it without thinking, otherwise you can sit on a more traditional method

You could argue the same about fiat money. Most people find their money has devalued over time and just look at pensions. Some people pay into them their whole life but when they get to retirement age they can't even afford to live on them because of inflation.

https://en.wikipedia.org/wiki/Pensions_crisis

Did you get an answer to this query? I need the same answer.

I work for a firm that sets up corporate pension schemes.

I think telling anyone to invest their pension into bitcoin is beyond risky, as evidenced by how much money people would have lost by doing this since the original post.

I don't think I've processed a risk profile that would come near this amount of risk and it's not really the sort of thing you want to find out at the time you made a huge mistake with.

Obviously BTC should be treated as it is, a highly risky asset at experimental early day status, just like holding an apple stock was considered risky back in 1980, but fortune never benefits the ones that never take risks.
If you want a moderate pension stick to other things, if you want a roller coaster of emotions with a possibility to make it big, bet on Bitcoin and be ready for anything.

It's not exactly retirement planning though is it, it's basically just taking a punt on something with very low odds of long term success.

You don't need bitcoin to do that.

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Pension plans are not good enough I guess. They don't pay a high rate of returns and you also have to pay the premium monthly or yearly depending upon the plan but If you hold good amount of bitcoin then it can proved to be a good investment option at the retiring age and you can sell bitcoins anytime you wish its not compulsory that you have to wait till you get retired  ;)

Sorry but what you are saying is almost criminally stupid.

That is true and I don't think that bitcoin as an retirement account is an great idea as you don't know what is the future of bitcoin whether it will reach to a new level or else it would just disappear so it sounds little bit risk to hold bitcoin as an retirement account.

Pensioners are getting a raw deal in the recent times, in many parts of the word. Take Greece for example. The government has severely reduced the pension payments, in order to obey the terms of the austerity measures. Imagine someone who has contributed to his pension fund for 30 or 40 years suddenly waking up, to find that 90% of the funds are gone.

The commercial version of a pension is an annuity. They work the same way except the buyer/investor has more options on what their money is invested in, what kind of benefit they get, etc. The problem with annuities is the price/costs are high.

A not-for-profit pension firm offering an annuity at lower cost would be the best option. Maybe bitcoin can serve a good purposes this way funding the charitable causes of the world.

everything is not certain at this point, bank can fail, your life can fail, your entire country can fail too, so adding a little risk and investing in bitcoin for your retirement, does not sound that off to me

bitcoin is still more of a safe heaven then a secure disaster, it's all about probability not certainties, if something has more chance to grow then you invest in it, nothing more nothing less

Definitely not a bad idea. Even putting 10% of it wouldn't be a bad idea, but investing too much and 'relying' on btc would be a very bad idea. The only thing inevitable in this world is change. Change can be positive and negative so, you just never know.

I'd certainly base part of my retirement on Bitcoins. I might get lucky and even profit, but of course, the opposite might happen. Just don't use Bitcoin as your single way of funding your retirement, as it might be worth less when you reach your retirement.

At least you can earning through bitcoin because bitcoin still have a long way to go. The price doesnt stuck in this level for a long time




10% is a great amount too but if can manage it well I dont think that will be the problem to you and relying on bitcoin is not a bad things too because

bitcoin journey wont end in this decade so when if you are in your retirement phase you already get a lot of bitcoin that ready to be sold

Yes thinking it as an retirement account would not be safe or else we can vision it for the short period of time lets say 5 years. The picture would be clear in next 5 years and if you can make profit out of it at that particular time then no need to wait till retirement age. ;D

Put aways 5-10 bitcoins in a secure wallet or paper wallet.

Wait until you hit 55-60 , check the bitcoin price, and you will be amazed.

It is highly likely that if you buy it now at 200$, by then it will be 5000$, thats a nice retirement plan.

And then just start investing it here and there and live off the dividends.

Hope for the best. Plan for the worst.

Ok but what do you mean by retirement account exactly?

Telling your private pension fund manager to buy on your behalf some bitcoin in your portfolio, and trust the fund to not go bankrupt in the next financial crisis?

Or

Just buy yourself bitcoin with your savings and keep it in an offline cold wallet?

the second one, but i think some one is implying the first one, maybe they are payed in bitcoin directly?

if the you do the second one you mentioned you can essentially start to do it before your retirement kick in, i don't see any difference in waiting for your retirement to start saving in bitcoin, it should be done when the price is favorable, as it is right now

Well alot of people when thinking about retirement they mean the retirement plan or retirement fund they are using.

But you can retire at 25 too, if you can earn the money lol.

Retiring at 25 is what we all hope for these days. If BTC soars passed $1000 again, I can tell you retiring by 30 wont be impossible. Investing in BTC long term is the right ticket with all the news brewing up. Something big will happen that makes Bitcoin price soar beyond our wildest dreams!

Setting 21 btc has a long term retirenment plan was my plan last year, i still have them on cold storage with my encrypted key in a safe so when i turn 60 life could be much better then what i planned for, well hopefully by that time bitcoin is worth 1m usd a btc.

Depends how old are you. I am estimating about 20.000$ / BTC in about 10 years if everything goes as planned.

If a financial crisis breaks out (very likely) then it can go even to 200.000 in the next 10 years!

So at this point we stand at a crossroad. In any case bitcoin's future is bright!

well is actually not bad bitcoin has 21m to save maybe if you can i good amount it would be 210 or 200 yea has a long term investment for the next 10 years if your estimation is on point i would be able to retire at 41.

If bitcoin succeeds, even 10 coins will change your life. Putting 2500$ into a groundbreaking technology is not that risky imho.

There is no chance that bitcoin is going to $20,000 in about 10 years or 20 years or forever. Dont dream too much. Btw what plan is bitcoin going to make? How can you said bitcoin price will going that high? What is that price based on? I guess you are just saying an absurd thing without based on anything

There are many projections from thousands of dollars to billions of dollars, here is a million dollars strategy
An easy way to make bitcoin worth millions of dollars (https://bitcointalk.org/index.php?topic=987110.0)

That will but not as a retirement.

But if you are into bitcoin investment, another layer of income past bitcoin price increase, will be the best thing to do!

it is all based on math, nothing else, it is always the case to talk about supply and leaving the demand(worst case if bitcoin will not die, and it will not in my view...) as it is right now, when you want to predict the bitcoin price

it is obvious that if there is less dumping from miners the price will rise for sure, if the demand stay the same as now, but how much it will increase , we can not know...

How can you subscribe how success is bitcoin? I guess it depends on how people see it, and to get until that price it will take some time

Based on math? How can you subscribe it? There is no way that bitcoin price will hit $20,000 for entire time and miners will sure dump here and there, and there will be some whale pump again or may be they will make it stuck at some point so there is no chance that price will get to $20,000 with the high demand too

you did not understand, all varaibles that are unknown are excludedso in the worst case scenario where bitcoin is still alive the price must go up because miner will dump less

and i didn't say that it will be stuck at 20k, manipulation will always be there, no matter what, but the point is that if you look at bitcoin from a math point of view, it should increase because of its scarcity, that it is improving as we go along

It is indeed worth worry about the value if you have not done some research and can not see the demand from your view. But no matter how high the demand is, capital will always first go to the mining, which is the lowest possible cost, so the price should stabilize somewhere near the mining cost, which is around 200-300 dollars right now

Based on my research, the net supply on market will be between 5000-7000 coins per day (see my signature). And to maintain an exchange rate of $300, you need only 1.5 million to 2.1 million dollars net capital inflow. That is about the worth of a large sized apartment in major big cities

Or, one dollar per person per day if there are 1.5 to 2.1 million users. Do you still think it is not possible to reach 20K? That requires 10 dollars worth of purchase per day per user for 21 million users

My research shows that if the bitcoin becomes the "de facto" world currency then based on the current World GDP (not that it might grow later) it can easily reach 1m$ / coin , if the majority of population will use it de facto.

And that is only if they just put their piggy banks in it. If they put in serious money, it can be even higher!

Do you offer your research and facts on a blog ? I'm sure a few people would like to follow the facts and values you have used to your research.

I would definitely want to work for an employer that could do that for me. Just like any stock/investment, Could be good or bad. I would never put all my eggs in one basket but if I had to... why not bitcoins!?!  8) 

No i just keep it for myself to invest upon, why would i share the gold mine info, then it becomes less valuable.

But you can buy it if you want...

is what are the benefits if you buy it?
many people are not familiar with it, might be cheap!

"IF" words actually shows that you are uncertain about your research as well , noticed how many times you use the word "IF" ? that indicate about your uncertainty . Also I doubt you conducted any "research" at all considering that it is only words of yours without any calculations or whatsoever. You should take a look Johny's post just above yours, that is how you should do your "research" , Math and calculations rules this universe

Also that what do you explicitly means for your words "de facto" world currency ( this sounds like a "NOUN")? your statement is quite confusing and a quick search of wikipedia lead me that "de facto" means some thing like "in fact" or "according to fact" . According to which fact are we talking about because you keep on using the word IF?

https://en.wikipedia.org/wiki/De_facto

How about showing some proof to support your statement instead? Some simple maths will do on why you are saying this is a gold mine instead of too much of IF words there. Basically I am on the side that oppose BTC as a retirement account though ( feel free to dig up my post on this thread regarding my reason on this )


 :) ( no insult intended whatsoever )

what doesn't seem risky for you might be completely different for other people. especially if you consider how many people don't have more than 0.5btc in total.

only because of the 1200 manipulation, that thing scared the shit out of average newbie investors, and now no one is trusting bitcoin anymore

bitcoin as a retirement still look one of the best option right now, along with gold, but while one has a good chance to rise, the other not so much

one can do 25% bitcoin and 75% gold, to remain in the safe zone

'If there is no one trusting in bitcoin anymore' Do you mean new member? But there are still a price movement from bitcoin that means people are still using it in trading and there are still a lot of gambling site to gamble your bitcoin I dont think there is no trust here in bitcoin. Many people are still believe the price will rise

Well i`m not a shaman to see the future but, i can only tell what is likely to happen under those conditions.

Making the BITCOIN a defacto currency will realize those, but nobody can guarantee that bitcoin will be mass adopted, we can just hope its trendy enough :)

The proof is simple just check the big numbers, the currency supply of all currencies in the world or to make it easier relative to the dollar and compare it with the global GDP.

All info you need is on wikipedia, so you can calculate it in about 30 minutes.

yeah i mean new people influx, new money influx from them, right now we are playing with the same amount of money from the same user database, this is why we are not growing at all

basically the demand is stuck there, the number of TX increased does not really mean that there are more people using bitcoin, maybe there are more old people that are moving more money..

I have a gut feeling that bitcoin will be worth 10x, 30x more than what it is today, and that day isn't that far. Just a couple years down the line, let's say 10 years and bitcoin's price will be 10x considering things are developing and rising exactly how they are in today's pace.

I do not know how it is going to be work, since there will be 21 Million bitcoin has to be mined, then how come they can think or initiate such programs to the longer period, need to think deeper and take a right decision with safe and secure, However at any point of time my all good wishes with Bitcoin that it keep growing enormously around the world.

My question stands anyway, what do you mean by defacto? You seems to have a very different meaning than what I thought about it in my mind. Also that you should already know that title is about "retirement account" so we are dealing with "future prediction" or whatsoever in this thread and as far as I am aware, you made none of it except saying " go find about it yourself "

Let me simplify the bolded part of your statement : search google

Pretty much of a prediction and much expected I'd say because I doubt you even anything about it



It is not true to say "the same" because we are not the same as a year ago or atleast a month ago. You need a data to validate your claim because this claim is not right at all (unless you could some data )


Not true again, the increasing number of Transactions means that more people are using it . These number keep on increasing and steadying so that could be only one valid reasoning for that and that is more people are using it now.
As for the bolded part, that is highly unlike things because if it is so we should have already seen a decreased of the number of TX ID because people wont keep on moving their BTC around just to make up something for the graph

On another note, I thought you are an optimistic person when we are discussing about the "future" (retirement account is the future)

This is just speculation you make. There is no random numbers here to make so just hope there are mass adoption here so the price will skyrockting  and

hope everything the best for the growing bitcoin




This work will be done if there is a whale going to pump, that will make the price going up, there are thread that talked about 21 million coin to be mined has

nothing to do with the price, the price will stay the same after some time

I dont have time here to explain to you detailed. But if you compare the world banks official GDP data, and all currencies currenntly in circulation relative to the dollar, then you can easily calculate in about 15 minutes how much will bitcoin price be worth if it hits only 10% of the population.

Now we know that 10% of the average population dont have the money, the 1% do, but if we just use average earnings -> the average GDP/capita poured into bitcoin.

Anyhow i calculate it is around 1 million $ /BTC

Yes you dont have time to put in your calculation here but you have a lot of time to post throughout this economics section it seems (?). Also it seems that I told you already ( not sure if it in this thread or another one ) that too much use of the words "IF" actually indicates an uncertainty of yours as well.

As for the second bolded part, 10 % of the average population dont have money and 1 % do ? where is the rest of the 89 % stands? Using GDP data as calculations is pretty much unneeded because this isnt the same thing as the world currencies or else. You should probably use data such as number of user and purchasing power in this case as because not the entire population will pour into BTC

Just visualize the bell curve of statisitics ok? People are diverse, and its very unlikely that all people will bite into bitcoin, especially if they are not ordered by their state (which i`m sure wont happen we are lucky if they recognize it as money)

Then we know for a fact that the top 1% holds around 60% of the wealth, and we also know that the top 1% is the least likely to use bitcoin.

So we only have 40% of the GDP at our disposal, in best case scenario, then remove the elderly, which is about 1/3, we are left with 28%, then remove the children below 13 which is about 1/4, so we are left with 18% of the GDP, that belongs to adults.

So quickly remove conservatives, communists and socialists, they are the least likely to use it, so we are left with 10% or even less of people.

Now this is the maximum bitcoin can achieve in short run, but then again i might be wrong.

Comparing bitcoin to the current gdp, assuming things go our way and people put their savings money down and invest unto thr bitcoin venture, the value of a single bitcoin can rise upto 1 million dollars. Considering people put down money more than just their savings,nthe value can shoot even much more. However, thats just an assumption/theory and a dream.

Yea but also consider that about 60-70% of the world GDP is fake counterfeited money.

The assets are there no doubt, but their denominator is a fake toilet paper fiat which can be printed anytime.

So if the GDP shrinks to half, that would reflect reality better

yes, but this is a dream which might actually come true. Recent adoption and support bitcoin has supported is gradually going higher than vice versa, it is receiving fair attention from people. The Greek economic collapse made people realize how dangerous centralized currency can be, and how banks can screw its customers at their worst times. Bitcoin is a suitable alternative, if not a replacement.

I think a lot of people have confused themselves as well as others when they started behaving and believing in the idea that bitcoin is a replacement, and it will create world domination in currency but that is unrealistic, and it s just an alternative not a replacement. Success would happen when you understand your investment rather than just put money in it.

Locking funds till you reach the retirement age. That's risky and safe at the same time. Why would anyone want to to lock the funds , if he/ she cannot use it in the times of need. But yeah in a way , a future planning is happening.

This is a quite fascinating thread . Although it is not very promising. Suppose this does take place, what guarantee do you have that bitcoin's prices will not drop down like a sack of potatoes? And who says that the retirement fund's priorities are for the employee's retirement needs? there are loads of more questions that arise.

But that's exactly what pretty much what everyone does as a retirement account or with their pension for example. People save because they need to as when they retire they wont have any money otherwise. Sure, keeping your money in bitcoin is risky but so is keeping it in a pension or in your bank in some cases. I think putting some money into bitcoin could pay dividends by the time you retire but nothing is guarnteed.

I felt the same like yall, so what I did was divide my future savings in 3 parts. I have been investing 1/3rd of my money in Gold because I love Gold and believe in it, it has always been around from a long time. 1/3rd of my money is invested in Bitcoins because I believe they have a very bright future. The rest 1/3rd is fixed deposits that I pay every month for a comfortable retirement.

Diversification is probably a good idea. I'd personally rather keep my money in bitcoin than gold though as I think there is far bigger potential for profit than gold, but bitcoin is far riskier as well (but the reward higher). I plan to earn as much bitcoin as I can rather than invest all my fiat money in it as it is still an experimental and uncertain tech in my opinion but I do believe in it.The question is does the rest of the world.

I think this is a great idea & I'm sure if employers were willing to integrate or adapt their pension schemes to include BTC then it's a definite possibility that people would be willing to use it.

Most pension schemes with banks or brokers make you invest a fixed amount of fiat that comes out of your wages every month over a number of years (say 30-40). A lot of them mess around with your pension pot by investing the money in stocks & shares to try & grow your final pot (with them taking a %) so it'd be no riskier for people using BTC instead.

I think this is definitely something that could happen in the future, I think it's probably a little too early now though for most people/companies to be willing to risk their pension using BTC.

Why do we need employers to sort our pensions out? We can do that ourselves and I think it's better to save money yourself rather than rely on state pensions or employer ones. Bitcoin allows us to become our own banks and that's what's great about it.

Its still ongoing, and this was just the beginning, it will be far worse from 6 months now.

Nothing has been resolved, and the problems, as usual, are only postponed until they become twice bigger.

This banking system will collapse, and it will take the pension with it, bitcoin pension would be a smart idea to do now, until you got any savings left.

You are right , bitcoin has gotten a lot of support and acceptance since a while and more is yet to  come. This is just the beginning . Yes, after the greek crisis , people have come to realize how messed up the centralized banks are , and obviously wanting something to quickly cling on, looked at bitcoin as a viable option. Maybe this is the beginning of the time where centralized banks are gonna be compelled to abdicate the empire for bitcoin to be on the throne.

Nothing is guaranteed that is for sure But having bitcoin as a retirement account is an good idea as you can withdraw your bitcoins whenever you need. I think it is better then the pension plans or fixed deposits where you have locking period and you cannot withdraw unless it gets matured and if you withdraw when it is pre-mature then banks charges heavily on it.

I mean lol ke the is the easiest way to make money and make alot of money quickly

Having bitcoin as a retirement is good if you hold much of bitcoin, with a low bitcoin I dont think this is a good idea. There is too many things that need to be implemented in bitcoin and all of this need mass adoption. Although you got bitcoin but there are no adoption, this will just stay the same and bitcoin will go nowhere

It's the easiest and quickest earning job

ya that's true. If you have it as an retirement account that totally depends on the number of bitcoins you hold. If you have good number of bitcoins then your retirement period would be wealthy and rich and you don't have to depend on any other investment products.

Not just the central banks, but the private banks aswell.

The only thing that guaranttes your money is that small investment insurance up to 100.000€, but even that cannot cover it, if all banks fail.

So basically, using a bank in 2015, anywhere in the world, is the biggest risk of all times, and you only get a reward of 1% interest.

C`mon the risk/reward ratio is fucked up

This is wrong, although you got some solid retirement that will make you wealthy enough, you still need others investments too like insurance to make your life better. Doesnt mean that if you have all of money you will stop right there, because people never satisfied to what they have now and they will earn more and more just to having a great life

Not all people like that, its only for a person who never enjoy his life, spend most of his time to work and get money. Well it depends on you, you will enjoy your life when you have retired or you will never give up to beat Bill Gates wealth.

Exactly it is totally depended on an individual that what retirement life he is looking for??

If he has not planned anything for his retirement at the initial stage then he will keep on working even after he gets retired. So it is better to plan at the initial stage and I have also seen many people who works even after getting retired. But that is just for fun and extra income and again that is an individual decision.

Check out Bitnation

They offer decentralized, blockchain, transparent retirement plans.

Fuck the bankster version ones, they will be stolen one day.

Nice idea.
I hope it will be of a great fortune.
How much do you transfer to this account on a regular basis?

You can already get paid in BTC and have the account frozen until X time passes.
I think it's best to just learn how to control yourself and play a bit with the price when you feel like we are at an obvious bubble, so you can sell and buy back cheaper.
It's the only way to make it, just waiting will not cut it unless you already got tons of BTC.

bitcoin as a Retirement Account  Would definitely  Certain risk is involved as we don't know what's the future of Bitcoin but still I am sure that bitcoin will going up.

Why would you trust someone else over yourself if you are considering making a Retirement plan? Isn't it better to make one for yourself.
Now you have an option to avoid all interventions from a third party, so i don't see the point in spoiling it. Save by yourself, decide for yourself, that's how i see it.

cheers

Probably because as humans, we are very funny in the nature. We can honor up an agreement much easier if we agree on to something with somebody else on the exterior.

But if we just say I will put 0.1 BTC monthly in my retirement cold wallet, I guess it will be just much harder to honor that than if we sign some kind of contract and we promise to do this toward the third party.

Risk is involved in each and every investment you make, whether gold, stocks, or bitcoins but as bitcoin is highly volatile it can give us the best returns in the future, again nothing is sure but if we are lucky its volatility works in the positive way then it can make us rich.

Bitcoin as a Retirement Account. I think that's a good idea  and if Bitcoin is a long-term success in 10+ years it will be a better a retirement No fees, no age restrictions, etc

It is definitely a good idea to have a bitcoin as a retirement account, as we predict and we hope that the value of bitcoin will be much higher in coming 10 to 15 years and the most important thing is how much bitcoin you hold or you plan to have in your wallet at the age of retirement is also important.If the value reaches to the moon then even 10 BTC is good value to hold.

And if things don't work out for bitcoin and your dream of earning millions by doing nothing except buying a coin doesn't happen in real life, will you be able to live with peace and a clear conscience with your retirement full of crypto currency which won't be worth shit. Yeah man, good luck with that. I just gave a thought about it and I'm not sure I will rely on any cryptocurrency for retirement.

Bitcoin should be an additional retirement account.
If it clicks, you lead a luxurious life.
If it doesn't, then it shouldn't matter.

Personally I think it would be a great idea to keep some money in bitcoin for retirement. By that age I think bitcoin could be worth many times what it is now. Keeping the other half in fiat would be advisable too but we all know money depreciated drastically especially when they keep printing more and more of it.

Good idea. But if during this period appear a very good option to invest that bitcoins what must to do? It is better to use your option or the normal one when the bitcoin can be stored in an normal wallet when can be managed by the interested person in the way he think must be the best? I am for the second. I am able to not spend my bitcoin in vain and to save them only for the safest investment. So why don't use my own normal wallet?

Yeah keeping some money in bitcoins is a great idea, as we never know what value its going to reach in the future, and rest of the money would be diversified and invest in gold, as gold can also be a good investment product in the future giving some good returns on the investment.

Nah.
Gold is currently stable and not volatile.
But Bitcoin is much volatile as currently it is not majorly accepted by the world.
So if we want good returns over investment, then we can look out for Bitcoins as after wide acceptance it's value will definitely increase as there will be just 21 million Bitcoins.

Id side with gold as well over bitcoin.

I mean bitcoin is fun and exciting, but the not sexy stuff like gold keeps me sane and not turn insane like bitcoin and its volatility being everyday influenced with simple reddit threads or some other outside elements.

And the fact that gold held value for the last couple of centuries, that's sexy indeed. Right now, due to the commotion happening with the censorship and consensus, I'll bet hard on gold and silver and return to bitcoin once the dust is settled.

If I really had to determine a qualified retirement account, id have more something that can make me a passive monthly base income.

At the same time a small portion though would be in bitcoin for future profits to grow my retirement passive income.

You dont seem to know how bitcoin is earned do you...

It takes "time" to earn it for free as most people assume and its not easy as it sounds. Unless you are referring to gambling to make it a job and you win 90% of your games.

Bitcoin isnt a job.. and people who think like that are a bit confused.

Still way to viable for me to consider it a part of my retirement investment portfolio, more power to you if you press it home and are successful but right now way too risky!

for this reason they are not really comparable, i want to say that bitcoin is still very young and still need to prove that its stable, unlike gold which is very ancient and has proven everything

the real comparison must be done between bitcoin now and gold in its infancy, i'm sure that gold wasn't so stable back then...

I`d throw in some NXT, Monero and DASH aswell into that retirement portfolio.

Btc is good, but NXT and Monero has much more ROI%.


If NXT hits it right, then it can single handedly generate your pension!

By watching your confidence I can risk some amount of my Bitcoin into these projects.

But there is a huge risk that these altcoins will fail like all others and I'll be one of those bagholders.

I think using bitcoins mainly on projects is more safe than other's even though many other altcoins failed but that was maybe due to the fact that they tried to emulate bitcoin instead of bringing in something new to the
 
table instead

I wouldn't keep my savings as bitcoin because nobody knows if there will be any bitcoins in use 10 years later.

10 years later, we may remember bitcoin as a pump&dump scam, who knows?

You could say the same about fiat. And don't say it wont happen because there are plenty of currencies that have collapsed and even strong ones like the dollar and pound lose a lot of it's value with peoples lifetime, so maybe bitcoin could be a good retirement plan, especially if it rises considerably while fiat inevitable plummets.

Nah man, you cannot say that for US Dollars. Pease don't be delusional. Please. It is USD we re talking about. Any other currency? Yes they all can blow up. USD? no.

this will certainly be the case in the future as the demand for bitcoin arises , it's value does too as for the fiat , well if the demand decreases which I believe will be , then they can lose value , maybe not disappear but

have less value instead

I think the amount is as important but percentage is important too for example if u invest one hundred percent of your asset then you are entering a risky game

be wise, investing in bitcoin isnt that simple i guess

It would be true similar to a dot com boom.

But things seem different and these VC`s put more of smart money into play based on building a sub community so they are actually building foundation.

Compared to back then when people throwing money for magical growth. Only way I see this still being alive is because its a money transmitter for money laundering and has vital purpose.

im broke and unemployed for 20 years no retirement for me lol

being broke is a choice man.

you just have to find something and work on it. To be more detailed, 20 years is a long time for not having work which means you could be launching projects. Esp theres resources like kickstarters out there and end up having your own business.

Nice idea but you are kinda missing the whole point of "retirement", 

which is, a word you use to get idiots to give up their valuables today on promises of getting valuables back far into the future. 

I think most people can retire, but its not the lifestyle they would want which stops them from real retirement.

Like getting a bigger house or a ideal car.

If you take out these things, most people can buy a $30k home in las vegas or something and start being smart money.

you must be rich or someone else is feeding you, in this case maybe you can take advantage of his inheritance if he want you as a heir

or just try to earn even a single bitcoin, in a far distant future, it may be enough to do a retirement

then good thing your here , telling to yourself than no retirement fee because your unemployed is just an excuse to tell yourself to not go out and work ... but thanks to the bitcoin ,you can start working from home if

only you could find the right path into it

A house only costs 30k in Vegas? In my country even for a really cheap and run down basic house you'll probably have to pay around 80k USD. I'd like to save my money as a retirement account or to maybe buy a house with bitcoins but I wouldn't rely on it. It's more speculative optimism but I would certainly have a retirement account in fiat too so both would be good.

No he doesn't. Many people are officially unemployed, which means they have no contract and no retirement fund, but they are working and have enough to pay their bills.
Don't immediately label all unemployed and broke people as lazy.

It's not really labeling "all unemployed and broke people as lazy", since he's talking about 20 years of unemployment. Now he's not 20 yo teenager,
or has some sort of a disability, i don't see how he couldn't find a job for 20 straight years.

Back to the topic tho; as a retirement account, even tho bitcoin is unstable regarding price, it's more than obvious that it has an insane potential,
so i wouldn't scratch it off as an option. Maybe it would be better as a side investment, rather than a life investment, but it's definitely something that
should be considered as an option by everyone.

There is, but we know for sure that the fiat system will fail 100%.

So the money has to go somewhere, fortunately not many places left to go (considering the bail-ins, civil forfeitures, and more) except crypto.

Even if the current altcoins fail somehow (i dont see how) , cryptocurrency as a whole will survive (but not those with the private blockchains, only the decentralized ones)

Bitcoins are not for retirement. Their is no clear future of the bitcoins if some countries ban bitcoin transaction then the price will go down to single digit.

Here's a U.S.-centric podcast episode about the Bitcoin Investment Trust, which allows people with recognized retirement accounts to speculate on the future price of Bitcoin through a fund that holds Bitcoins (actually, Zapo holds the Bitcoins). Obviously, a good portion of Bitcoiners do not want to put their earnings in a centralized, institutionalized, legacy platform that is completely tracked by the government, and may not survive the next big financial crash... That said, people with lots of money (especially in tax-privileged retirement accounts), who are interested in adding a speculative position in Bitcoin, and have plenty of trust in the system, may find this an intriguing option.

https://letstalkbitcoin.com/blog/post/the-bitcoin-game-23-mainstream-investing-with-the-bitcoin-investment-trust

bitcoin as a Retirement Account. Would definitely love to have it. Certain risk is involved as we don't know what's the future of Bitcoin but still can afford to have risk.

exactly, people judge so much these days. Some people can be deceased, old, demotivated, depressed, whatever. Its easy to assume, very few of us have personally done something to benefit the bitcoin community. I have known so limited people who are doing crypto business and even less who talk about crypto in order for it to get more acceptance and recognition. And then we question others and labelling them lazy, wtf

The operative word is "trust" - I'd rather manage it myself as my experience has given me very little faith in the various BTC institutions that have been advertised on this very forum. I know that's probably unfair to the proprietor of that trust, but I don't think it's an overly harsh assessment given the charlatans and amateurs I've encountered in the BTC world.

There is an interesting link in that interview to Overstock's CEO and what he envisions the blockchain becoming:

I think despite on peoples doubt with the value.

If most of our transactions for bitcoin is towards gambling I think the gambling industry itself can explode our value if they use it just for gambling purposes.

I only see then to retire, but eventually if I saw a growing # onling gambling sites to adopt it.

Instead of the CEO`s envision, I would focus on the now before we get to that stage.

Theres a huge thread to the bitcoin split on mix conflictiing emotions that we all hold with bitcoin, until thats fixed I dont think we can envision these scenarios..

Yea and how exactly are they enforcing it? You can ban breating air too, but its hard to enforce it if 100% of humans will disobey your law.

I think the same with happen with bitcoin too, you cant ban technology.

Bitcoin is too unreliable to be treated as retirement investment. Price is too volatile, uncertain future with bitcoin status in some countries, internal bitcoin wars over nodes and so on.
I would not bet that bitcoin will be saving my ass when I will be old. Instead invest in gold, silver, real estate market and other 'real' items.

I was going to mention about volalitily. But yeah frankly most people dont see it reasonable to call it a retirement due to recent events.

You can only imagine just because bitfnex effects like a couple grand if you heavily relied on the coin. I honestly dont think its consider restirement if it cant hold a solid price point.

I would just be better off buying a home and keeping in bonds or something similar to what you mentioned.

this is pretty spot on.

most people can find work, but its the pay gets them that they deserve better. I personally think everyone is employed now since bitcoin is around and that includes people posting to earn btc.

Haha, volatility issues have existed regarding bitcoin from the time it came around, it was the reason people were attracted to it and now people despise it, because its going the wrong direction they expected it to :( A lot of countries have modified their laws in terms for bitcoin to grow, a recent example woul be Australia. Knowing about the disagreement and launch of the XT project, I have a little fear too now.

No investment is perfectly safe, there's always risk involved. The question is whether the risks of owning Bitcoins are right for you. As part of a healthy investment portfolio I think it's a great idea. For flipping quickly? No, probably not.

With the way the economy is going these days, I don't see a real problem with these alternative ways of making money. I tell my friends that I post on this forum and get paid from signature campaigns and they tell me to get a real job - one that does not involve sitting in front of a  computer. Work is work and while I may not be "employed" I am still doing my best to stay self sufficient and take care of myself.

The question is not just about whether bitcoins should form part of your portfolio - it is also about what percentage of your portfolio should be in the form of bitcoins. It should be a small percentage. Even if Bitcoin crashes to zero, it shouldn't break your back.

having retirement funds in bitcoin might not be a fantastic idea in the current economy, the volatility could lead to financial insecurity in the case of a price drop. if bitcoin becomes more stable and living solely on bitcoin becomes a realistic and convenient possibility in the future, maybe.

I think most traditional investing experts say the key to investing is diversification. For anyone with that perspective, I think it makes sense to have at least a small investment in Bitcoin if your goal is to have a diversified portfolio. Even if you think an investment is not going to be profitable, the investment could still be seen as a beneficial hedge for a portfolio, in case something extreme happens (that’s why many people who don’t like gold still own gold -- if there's a financial crisis that kills all their investments, the assumption is that gold will move in the opposite direction).

Volatility affects someone with a short time horizon, which is why day traders love volatility. And that's why I’d argue that long term investors don’t have reason to care about volatility. The longer you expect to hold Bitcoin, the less volatility matters. If a speculative investment in a portfolio drops 50% in a day, you're not planning to access that investment for ten years anyway, so it just doesn't affect you (well, except perhaps emotionally). In a volatile market, one might want to set automated monthly buys, to “dollar cost average” into the volatile investment (and help avoid the poor judgement that humans can make about timing the market). That said, I think it makes sense to buy Bitcoin on dips (kind of the opposite of traders who avoid “falling daggers"). But it can take steel nerves to buy when most are seeing doom.

At least that’s how I see it.

Hmm I think it's not a bad idea though we will not know what's gonna happen in the future including about bitcoin.
It's like a 50-50 of chance like gambling because of its volatile nature.
So I'd better play safe by spending more bitcoins in investment like land, housing, or gold and also keep the rest bitcoins by hoping for its stable or even higher price in the future.

Retirement account is nice term to describe as for future use that's after some 20 or 25 years. If we are able to hold bitcoins for long term then it would be very nice to get handsome returns from bitcoin.

Bitcoin as a retirement Account is like gambling in casinos whether you will win or lose all your money, in the long term  run , we cannot tell what will be the situation of bitcoin after say like 15 or 20 yrs after. Because still Bitcoin is not acceptable worldwide, and their are so many issues which are to be solved before it becomes completely workable.

You can go for like 50% of your  Retirement Account investment in Bitcoin because if it lives till then, then you might see a handsome of return in  bitcoin then any other investment you can expect.

This is about the most sensible reply I've seen so far, I believe the same thing.

Yes what you said is 100% correct. The retirement funds should be linked to so called quite stable returns investments not very unstable investment products. If you look at bitcoin price it have went 1000+ and came back to 200+ in just year or two. People want to spend retirement life peacefully so definitely bitcoin is not a good idea but they can put some money ( very little %) in it enjoy the success if prices move up.   

I too agree with you, if any one investing to use funds in their retirement they should choose very stable investments like gold or investing in real estate or bank fixed deposits. The investment option is based on individual and how much they can take risk. But I would say they can also buy some coins to try it out their luck as well.

Yes I too agree that we shouldn't put our most of the money in these high fluctuating investments. I choose gold for long term returns.

It would be a good idea? Anyhow I'm wondering from who do have the founds this employer? Who work with bitcoin today? I heard some people in Polonia but I don't know if they continue to do this after the drop of the price of bitcoin. Then when do you find the safety that the price of bitcoin will not go 2 us dollar in your time of retirement. What do you do in this case? I personally don't believe that but who knows the future? Third why don't do this with your fiat money of your country? It is not more secure this?   ;)

It's what i have been thinking about my future financial, it will be great because you have own bank.
the problem is just come from bitcoin ecosystem itself.

For the vast vast majority of bitcoin investors, they would have to use a service that have scheduled transfers/buys to do this.

i.e. Coinbase

With it you can schedule weekly purchases which can be sent to a multi sig vault

Although.. if you use this method, it still takes self discipline to not spend it too soon

The meaning of my post is who pay with bitcoin the salary and not where can be send the money from the work of the person. As I know no one paid with bitcoin (even coinbase itself) but with the real fiat money. So, to use bitcoin as a retirement tool must be someone which pay in this currency. Anyhow must be a way to realize this. Be paid in your country fiat money and then part of salary use to buy a quantity of bitcoin. Then those be save in a wallet. But even this it is not possible to realized because not from any country can be bought bitcoin and the fee are high. So can be expensive and not worth to do.

lol bitcoin as a retirement account is not agood idea...coz once if ur private key i guessed by hacker all your retirement will be gone...so think of it

The reason you are saying is the end of bitcoin...
There are numerous reasons why somebody would have the capacity to get back cash from their retirement accounts the way things are currently. Age is one and only motivation behind why individuals can pull back. Another issue is that there is no ensure that bitcoin will in any case be around when a man is prepared to resign.
I concur that bitcoin is exceptionally alluring today, however this may change in the following 40 years when numerous individuals who are right off the bat in their vocations (and simply beginning to put something aside for retirement) will be prepared to resign.

First of all if you are going to look at Bitcoin as a retirement address, you will be creating a cold storage vault that is created offline and never enters the internet. This can be done by using for example Armory in a Live CD of Linux or Bitaddress.org by downloading the algorithm (even tho Armory is probably better). You get your private keys printed and there you have it, an unhackeable vault of Bitcoin. Now your worry is storing it in a place that cannot be robbed irl.

If it's possible to get barter system to currency, then why do you think it won't possible make it with bitcoin also? That's good way in future, but we must compensate fees

That's a good retirement plan one can get and enjoy. If you have invested in bitcoin today and keep it in your digital wallet until the time of your retirement, then i wonder how big it will grow by then but i am quite sure that it's gonna be a very happy retirement.

as far as i can understand, maybe it should be as well consider the risk of the bitcoin's price in the market and there is no guarantee to what will be its price for the next few years. even though you will tell us to be positive and trust its potential, yes it will rise but it will still be risky knowing that what if the price will go down? what will those retired people do? or when it rise at any moment what will the employer do? do they have to take back all their funds intended for the retired employees? i guess this can't be answered for now, and if someone will really do this it will be a very risky decision and choice for both the employee and the employer.

It's not a bad idea if the employee is ready for this system and if the total amount of such monthly transfer is less than 2% of his salary. We know, things are still in the development phase and no one is sure what is going to happen down the road and unfortunately, if it fails then employee won't lose much if the amount is negligible. On the other hand, if it succeeds then it would be his one of the great decisions.

I don't know if it's just in my country that pays little in job that seems BTC can be a resort to save money, most of the time having job will only be enough to sustain the monthly living and nothing will be save for savings and having crypto helps me to go through this.

Bitcoin is definitely something to invest in, but at the moment it seems too unstable to guarantee a peaceful old age: the risk that it goes to zero from one day to the next seems to me too big. I would keep half bitcoin and half gold ...

I think there some disadvantages in having a retirement account with bitcoin because we dont know what will happen to bitcoin in the future will it lasts forever or stay but its good also having a retirement account it will make bitcoin more active.

yes it could be that, because bitcoin is a way to save our money for the future and can make a retirement savings as well. by way of investing better to save our money

I have never thought like this but I find your thoughts worthy. I think that there is logic in your way of thinking. Who knows maybe it is going to be like you said. I m not great expert but as for me BTC has always been a good option to invest

Are you not afraid of the risk of BTC will collapse? I do not dare to hold the BTC for a few dozen years, I can only hold them for a few months or a year, then convert to cash and use. The Crypto market can not predict what they will be and how they will be in the future.

If we are here on this forum, we are all convinced that bitcoin will have a great future. But at the moment it is too unstable, and then it is not known whether it will be replaced by another currency. Basing your old age on the bitcoin really seems risky.

This is honestly a cool idea, i may even talk with my boss, he is also an crypto enthusiast. And considering that we combine technology with benefits, it simply couldn't be bather, and it is transparent to. Really good idear, congratulation

Well as long as Bitcoin itself still iaround in the future for a long years and of course if all the details and transaction will be transfer and if the key is in your personal add,I agree,and that would be a nice plan for a better future.

You are referring to have a good amount of investment after you retire to your job, well that is alright and a wisest idea you can think of since the price of bitcoins is growing as the time goes by and the coins you save will surely make you rich even if you leave your job.

It is risky having your retirement funds in a cryptocurrency that has an unknown future. We all know that it is doing good nowadays but we don't know yet what will be the future of bitcoin as there is too much opposition with it and even if your country decides to regulate it, there are still chances that they will ban it in the future. It depends as well on what is your age now. If you are in your 20s then you have 40 years to go. Bitcoin may be very valuable during that time or worthless. It would be better to have an alternative source of income like investing in another investment vehicle like business.


Yes bitcoin is a good investment option and I will hold it for as long as I can and as far as it is valuable but for retirement funds, it is a no for me. It is very risky for me depending on a coin and there are too many who are attempting to get its position and when that time comes then its value would be diminishing. At least I would find a retirement fund that would somehow be stable.

I think, that was a good idea for the retired workers/official because in times goes by bitcoin will increase it price and its a good opportunity to them, they can use it to support their needs when they got older.

You can think of it and we can do it like a cumulation or as a cover book so that when it comes to working out we can use it to withdraw money for the retirement date. When we get older we can say Bitcoin as a Retirement Account

yes, I agree if bitcoin is also called pension savings. not just retired savings, bitcoin can also be used for my sudden needs. I hope, rising bitcoin prices can be stable.

it is true that long-term bitcoin can be used for retirement because as long as the bitcoin is low purchased it is left until our old age can benefit abundantly to guarantee our life in old age .

Gold (physical) is not as liquid as bitcoin at the moment. I wouldn't keep more than %10 of gold (physical as always) in my portfolio.

Bitcoin is mobile, bitcoin is liquid. Gold is not mobile and not as liquid. (Only one who'll be willing to buy your gold is either banks or those who sell gold. No one else.)  Yes btc is volatile but it is the least volatile of all right now if that's what you are after.

Both of them are better than having papers in a bank account where you lose money no matter what interest rate they give you.

Another valid option is stocks but at the moment I believe it's a big bubble. So, as much as I hate FIAT, right now FIAT is a better choice than stocks. Wait for the stock market bubble to pop, and then get in. Not now.

It is not safe in my opinion to use bitcoin as a retirement account because that is not a safe choice since bitcoin is a high risk investment that you need to put some attention to it in order to come out as a profitable investment or asset to you. Retirement account should be safer than bitcoin and it should have a lower risk so it is best for you to get other investment aside from bitcoin if you want a healthy retirement account.

It would be good idea!...but then there is pros and cons of this things and one should not solely depend on bitcoin for their retirement fund there should be another things to stock it or put it..so that from time to time they can get money as much as they can for their everyday needs...just like pension. This idea of retirement fund or account can also be apply to education plan for children for future use.

I think it is a good idea to have Bitcoin as a retirement. But I think 1 BTC is enough and the rest would be fiat. It is too risky if all of the retirement is in the form of Bitcoin because of its volatility. Likewise, how can we sure if the key works? How about if you will early retire? The idea is fine but there are technicalities that needs to be executed well to secure the retirement funds.

Bitcoin is a good way of accumulating money for your pension as its price can grow well over all these years. But I'm afraid that in old age I can lose my password for my wallet.  ???

I disagree. Transactions may be banned or permanently disappeared. We will not be able to get back what has been lost. This is very risky. Let's say Bitcoin prices go down and retirees will get less money than

Invest some of your fiat in bitcoin, it still worth and you may get a lot of profit from it, the ones who are related to Bitcoins and have fame in the same field, should start such a program which would give everyone an opportunity to store their coins with them will you be able to live with peace and a clear conscience with your retirement full of crypto currency which won't be worth shit.

It depends, well in our times right now, bitcoin is now quite known in the world. There are now advertisements about bitcoin, as well as there are many people that works for bitcoin around the world. No one can tell whether if it will be banned after some time since some countries really don't agree with this thing, and if you will just depend on bitcoin for your retirement account and bitcoin will get banned then you won't have any money for yourself.

With market conditions that are hard to guess as it is now hoping to get a big profit from bitcoin by waiting a long time is a tedious thing, we should be able to read and take advantage of opportunities to get profit and in a short time.

It is good to prepare the future retirement because almost every benefits you will receive when you retired. How much more if you make bitcoin as your preparation for the retirement. It is very good. Even there are risk I think banks who holds these kind of business can provide some necessary tips about investing to bitcoin for retirements purposes. There should have a business like this for we are at the road to cryptocurrency era in our society.

May be a bit risky, but this is tantamount to investing for the long term right? I don't think bitcoin transaction will disappear or be banned, the transaction will always be stored in the blockchain network and you can check whenever you want, and I think in the future the price will skyrocket because of the potential of bitcoin. bitcoin for retirement? why not?

I think using bitcoin to prepare for the retirement is quite a good idea. There are possibilities that it can grow much overtime, we can make a lot of money when that time comes. But of course the risk is also big, and we cant avoid it.

I guess bitcoin as a retirement account would not be applicable with me even some people are saying that this is a relevant. For me this is not applicable because of my young age, I cannot guarantee even no one can guarantee until when bitcoin can run or will be profitable. Yes indeed today and for the coming more years this can be profitable because of its current stand but until I get old this I don’t know. What I am doing is that the money or the profit I get thru bitcoin were been save on other account then I got a life insurance that will serve as a retirement money for my future when I get old.

Let say you are 60 years old and you are done on working and you just want to stay at home, cryptocurrency is a really good way for you to earn income since it was a home based job.

Pretty sure that your employer company would think further ahead to not let your insurance to be consumed into bankruptcy - or else, if that ever happens, you can always file a lawsuit lol
Investing long-term for your retirement on cryptocurrencies is a wise decision but I would not want my insurance to be entirely on bitcoin, or whatever cryptocurrency, as it is very volatile and unexpected and risky.

If bitcoin prices continue to rise of course we can retire, but if the price is like this now make bitcoin as the main hope is a risky thing, continued business or work is something we have to do so if bitcoin fail then we can still survive.

I think this is a good idea but at present there are many hackers breaking in and taking out the bitcoin in your wallet. So if you use bitcoin as your retirement account then you must protect your wallet well in order to avoid stealing and evaporation.
Good luck for all!

I do not think this will be good for our retirement, because BTC can not make a profit for us forever, it can lose value for a long time. So for peace of mind I always accumulate myself a cash in the bank and make a profit every month. That's my intention, when we grow older, our needs are not high.

Bitcoin is good, but if you’re going to put your retirement pay into it, then you’re doing so at your own risk. But you can still succeed, that’s if you can have patience. I was discussing with one of my friends who was doing Bitcoin and he told me that the only thing he regrets, the only mistake he ever made, was withdrawing his money at an early time. The best thing is put in your money at the earlier time of the year and leave it till year ends when it hits a high rate, then you can withdraw it.

I think this is a very good proposal. From now on, every year a BTC will be deposited to prepare for future retirement!
I think when I retire, I should have no worries! Because BTC will bring huge profits!

Technological developments have changed the way many parties manage their finances, including funds for retirement. As performed by Individual Retirement Accounts (IRAs), where users can conveniently manage their accounts at home.

yes, this seems like a bad move, because there is no movement to sell and buy in the long run. they assume that buying old prices and being sold at current prices will make a profit.

Your idea is very interesting and promising. But it requires a lot of improvements. For example, with wallets and access, withdrawal system monthly, receiving consumer loans. It seems to me that if we launched such an ICO and brought to a huge number of people, perhaps something very interesting would have happened

If this will really work out this can be good, as a reward for those who retired they have something to spend with in their late years without having much fuss and hassle because as we all know there are lots of conflict claiming those retire's pension but with bitcoin as pension this can be good.

This is good idea but I will not take a shot on this as the bitcoin has volatile in price movement and it may happen that during your retirement period the price of bitcoin will not as good as those the previous year. Too risky to gamble a retirement plan with this unpredictable investment.

For me it not good for bitcoin as a retirement account. In fact you can see that the current market is very volatile and the value is changing as if every now and then. Do not take the risk because we need our retirement money the most.

In an ideal situation, this wouldn't be a bad option to help pensioners, but the problem is that will we get a company to do that? Let's hope blockchain and its interventions reaches there. It'd be very awesome.

I do not think BTC is a superannuation account, since they are quite volatile, if holding them for the accumulation of old will be very risky, maybe in a short time you will lose capital all because of the price reduction. It is my advice, not to view BTC as an asset to save, just to invest and make a profit in the fixed time.

Those people who are staying at home can always work since investing a small amount will be your stepping stones to earn more profit in the future because you can always trade in the market anytime you want.

Yes that’s true, it’s good to invest that money when the price is going up so that you will make profit. But if your going to take such risk, then it’s best that you focus on the chart and know the price at all times. You always have to be at alert, you wouldn’t like to end up with losing such money in Bitcoin. Always check the price and whenever it goes down, you withdraw it to cut your loss.

I think it's too much too risky though btc can be used as a long-term investment but I do not think it's right to use it as a retirement fund derived from our income, because then we can not control and sell it so if at any time the price falls we can not do whatever it takes to save our retirement funds, and that sounds a bit crazy
 

This is why bitcoin is the future tbh. No shady business and no excuses! They never "lost" your retirement fund anyways, they stole it  ;D our future needs to be decentralised

I am saving my bitcoin for my future business plan and this will be finance my retirement funds. I don't think its wise to just hold your bitcoin and trust your entire funds in one place. Diversify it as much as you can specially when your still young. Bitcoin is fast growing we can use our profit in building business that can make our money grow more and this is what I am going to do in a year or two.

If your boss is running a blockchain company, why not? But the question is what would the token/coin's worth in the future when it's time? By this time let's say that you already have a thousand dollars worth of token, but what would be the price of it after several years?

So why not deposit fiat money instead?

That is hard to imagine because, its value might go crazy in the near future where you may be retiring. If its stabilize then that is good but if it goes crazy, then the owner of the Retirement Account will suffer. Bitcoin might be a good Investment but as a Retirement Account, maybe there are better options. But it is not that bad to give it a try. You just have to make sure that the wallet where you are securing your Bitcoin is 100% safe.

        I think getting bitcoin as an retirement account Is a good thing if you have enough savings here and you are already satisfied with what you've done or what you've worked for the entire  if you have enough savings here and you are already satisfied with what you've done or what you've worked for the entire time.  I'm also planning this in the near future to support my own studies and independent soon I think this will be a good thing for me also

People can always start trading in the market and those who are retiring on their job should not be worrying because they will have an alternative way of earning a huge amount of money.

Yeah, totally not a good idea because it lock the sense of security you need from your savings when you retire. Because as you know, bitcoin sometimes drop, so that would put the risk on the savings you put so much into. So i think you should find other means for your retirement funds

If prices continue to rise then bitcoin can we make as a retirement account, but unfortunately it is just like bitcoin investing makes the heart feel stop because the price is like a roller coaster.

I would still recommend diversifying your risk, but it sounds like a good idea. If you have plenty of time ahead, you can just buy and hold not worrying about all that volatility if you really believe in bitcoin.

This is a cool idea. If I were to choose from fiat money or Bitcoin as retirement pay, I will choose Bitcoin of course. We know fiat money decreases its purchasing power over time because of inflation. We never know what Bitcoin's price when you retire, but it is more worth the risk.

This was a good idea but it's not new. The only big problem with this kind of plan is what is the owner dies before the retirement account reaches it's maturity. Who will get those coins and if that guy gives his proof of ownership to someone else then there is a chance that the people will corruption just like the normal will. We already have this kind of system at our physical world which are much more well thought but are not free of people's mind. If someone wants to infect someone's money when they are going to do anything to reach that money. And if you like that money so that you do not have any access to that money then there is a chance that you will never get that money back.

You can retire earlier by accumulating a lot of bitcoin and holding till prices rise very high.You may not even have to wait for retirement because bitcoin price can soar beyond imagination.

This could be a unique idea but at the same time high risk for such account, let's say at the middle period of your retirement bitcoin reaches all time highs and doing a long term bull run it could be devastating for someone if at the end of retirement once it is finish it dip so hard, there are some cases of suicide made in the past because of huge losses from trading and with this it could make such incidents go up.

I see in that not only a good retirement account, but a good source of profit for everyday living which may replace even a regular job.

That can be considered mate, but since you're talking about retirement here, I just think that it's just too risky to consider it as a retirement fund knowing that anything can happen to it for better or worse. I say that because it's just too uncomfortable to rely on something that can change value at any point, more so lose it's value altogether, especially considering that one would use it as funds to sustain themselves after working. I would rather have some in cryptocurrency but more as money stashed in a bank.

I think it is good idea, you can create it for your self or for you parents, they will be happy and you too, no matter about money when you are old

Well, hmmm... somewhat agree.... but the disadvantage later on is that when the time to exchange your earnings, how will it be when the value drops down? So we should wait again and patiently waiting for balue to go up.

Yeah you are right, the future of bitcoin is not guaranteed and if the price falls more people will lose their money and in retirement life there is chance to get bank your lost money. I suggest putting your money in some regular business or buying mutual funds, keeping in bank accounts or investing in saving certificates which is especially for retired people. By this way you can secure your future. While bitcoin investment involves big risks.

You have a point, if you're looking for a retirement plan why not look for a stable company wherein you can assure thay it is really for long term. Bitcoin is great but it's not good for long term since the price is not stable it changes every now and then.

It is most of us dream that we will be able to make as much profit that we wont have to work again in all of our lifes. We can travel, enjoy the life, make whatever we want till we die with our family and our friends.

The idea is good, but for its implementation, you need to spend a lot of development. I think it is worth creating a separate ICO company on this topic, in which all conditions will be clearly stated, how the head will translate his subordinates deductions.  And they, in turn, will spend these charges in a few years.

I won't allow that kind of pension, still has a third party to it, that is the boss. I will rather save my Bitcoin myself, either change it or leave it that way. If the prices fall by then fine I will know it's mine, but if someone else said kept it for me and I cant get anything at the end, then its going to be something else.

Interesting idea.But what to do if the course is not stable.If a pensioner in September could buy 3 loaves of bread and 1 sausage,and in November he will be able to buy only 1 loaf of bread.How to be here?

In my opinion it is only good in one situation when the retiree has lot of money and he has no tension of losing his money due to fall in bitcoin price. Otherwise I think bitcoin is for regular working people who can give time to it and can make profits from bitcoin trading. For retired people I don’t suggest bitcoin as retirement account because of no regular income.

I think there some disadvantages in having a retirement account with bitcoin because we dont know what will happen to bitcoin in the future will it lasts forever or stay but its good also having a retirement account it will make bitcoin more active.

I think When the first wave of mature pension plans, it is a low percentage of the entire RC market, it may not affect the price significantly. There will also be a constant flow of capital from the children, the ins and outs can balance.
IF everyone uses this RC for pension funds, gift blocks remain in demand, rather than RC market capital will be huge and the price can be relatively stable.

If bitcoin prices continue to rise of course we can retire, but if the price is like this now make bitcoin as the main hope is a risky thing, continued business or work is something we have to do so if bitcoin fail then we can still survive.

I would be disappointed if Bitcoin just managed to hold its purchasing power or increases marginally in the long term. I would put aside a small amount of money, be willing to take a hit if it disappears. I would be disappointed if Bitcoin just managed to hold its purchasing power or increases marginally in the long term. I would put aside a small amount of money, be willing to take a hit if it disappears, but also expect a substantial return if it takes off.

I believe that is right we cannot judge the value of bitcoin in coming future but it has a good future so investing in bitcoin would be a wise decision I believe. And if the prices climb up then it can prove as a best retirement account and obviously earning high returns. I like the concept, but the only thing is, Bitcoin could possibly be the worst long term investment, or the best possibly long term investment

They dont even care about what we are doing and how we earn bitcoin, if they involved in this I dont think you will really get your retirement payment, may be you need to pay every single thing that they mention so you will get all of you bitcoin and that is wasting your time. But that's exactly what pretty much what everyone does as a retirement account or with their pension for example

WELL I think if we hold a good amount of bitcoin in our wallet then this will surely be the best option to have a retirements account, because any that you have to surely get fade someday and you will have to get retired from but I think bitcoin will raise more and more in future and holding good amount of bitcoin will make your retirement life safe and secure,. So having bitcoin is best option, as it is the most promising investment.

It is also possible that those who handle bulk bitcoins are also thinking of this. Those with superhuman possessions will have their own plans. Their lives have been changed, if the property is in the hands of ordinary people, they will probably choose to enjoy. And the rich and successful they will give the values for humanity.

The idea is a really good thing to have here but it may not implement for some sort reason just like bitcoin's value are not really stable in that reason it is hard to that idea to make it happened. And maybe this coming years it won't happened because of what I said some reasons will not take it granted and I believe if they organize very well the value of bitcoin they may reached the point of making that idea.

I think that this is the idea that some people have, especially the ones that are already wealthy. I think its a good idea to hold on to your investment for as long as possible and then cash out. It is also something that you can leave to your kids and grand kids. I guess this strategy also gives you peace of mind because you aren't checking the value of the coin  everyday, but because you are in it for the long haul you just patiently wait. I think that this is what most people should be doing.

In some countries illegal Bitcoin and those who are not rich enough to use BTC. How does Bitcoin make retirement accounts?

It can be a good idea unless you will have $0 in your account till your retirement time because of volatility and instability of this market. And when all the prices will go down, right to the bottom.

Should not, because their prices are constantly fluctuating, until you retired perhaps the BTC is just a pile of debris, no longer worth to sell so you will lose everything.

Bitcoin as a Pension Account is a new idea and I like that concept. But this has limitations because there are still many pensioners who have never even heard of bitcoin it's possible for them this platform is less secure, just because they don't understand the concept.

I think it's a very wise option, because fiat accounts will be plummeted by inflation.

And the more inflation, the higher Bitcoin's value is.

It was not always fluctuating and it will be depending on how the market price works because sometimes the demand is increasing as well due to more investors in the market so we can say that it was profitable.

This is interesting but not first in to-do list I guess. Who's investing in ICO guys? Have you heard about Kelvin Blockchain project, i'm willing to invest in it, seems pretty decent, but need you feedback. ;)

Bitcoin as a Retirement Account. I think that's a good idea  and if Bitcoin is a long-term success in 10+ years it will be a better a retirement No fees, no age restrictions, etc

It will be a good plan to have bitcoin as a retirement account. At the moment, I still see the price of bitcoin to be too low that when one invests in bitcoin, it is going to save them throughout their retirement.

I have lots of bitcoin accounts that I want, hopefully everything I try can be realized to invest bitcoin for savings in old age. everything has been planned to welcome and enjoy old age how much do you save bitcoin for old age?

For me, it is the best choice that bitcoin investment for retirement account. We can sell it when the price of bitcoin will increase. We can also use bitcoin in investing other business like boarding house, pension house etc.

For me, Bitcoin as a retirement still look one of the best option right now, along with gold, but while one has a good chance to rise, the other not so much. Baybe wa can star with 20% bitcoin and 80% gold, to remain in the safe zone and prepare for year 2020, if you know what I mean.

I think it looks good and is very profitable for the future. Making bitcoin a retirement account. I can imagine how to do that. Send a small portion of bitcoin and only save. And there is no need to think about the rise / fall of bitcoin. what is thought of is the future. It seems like it would be a good idea to become a bitcoin as a retirement account. So we can enjoy results in the future.

Yes bitcoin is cool! I hope that the current generation is simply obliged to buy themselves 10 bitcoins for old age))))

First of all, the countries which have declared bitcoin illegal are still using it because no government can never completely ban the bitcoins. So what you need to do is to buy and hold your bitcoins in your cold wallet for your retirement. Once you are retirement, those bitcoin may may enormous price that you can't even think of. Also who knows by that time bitcoin is legal in all countries , including urs  ;)
So i think Bitcoin is the biggest saving if you can do it now.

Bitcoin and altcoins are volatile. I do not see any reason in creating the cryptos retirement account. I am more than sure that less than 1% of retired people will agree to open it.

The theory is sound but I'd suggest the employee rather than the employer take aside a certain amount of money off of their salary into a crypto currency account ot a fiat account for retirement. I yhink it's far better considering you don't have to wait for your retirement to use it. It could be as an emergency fund or something.

I don’t think people would want their retirement money to be in a volatile crypto investment. We usually want to retire with our money intact for our own purpose and plan. If we retire eventually its our prerogative to do what we want with our own money.

Many people make bitcoin a long-term investment or for retirement, in my opinion this is reasonable because the future prospects of bitcoin are so large that investment in bitcoin is very good and profitable.

This is an obvious act of IDIOCY ;D Why would your employer do such an irrational thing? ??? ??? It is a joke when I first heard it. Because if you will retire, there are a lot of tendencies to happen. Like: what if bitcoin that time already died? It is not impossible because there are a lot of new coins on the market nowadays. Also if that happens, how could you support yourself if your salary will go to that wallet? ;D This is funny thing you know.

I am amazed to see that many people are not showing enough confidence in bitcoin as retirement plan.
In fact if we add Bitcoin in our retirement account , i am sure everyone will see a great value for bitcoin which will be never devalued.
Bitcoin is not like a printing fiat again and again, it has limited supply so as the demands and utilization will grow, the price will also grow so the retirement account too.

For the short term I admit that it will be risky due to fluctuations, but for the long term, I don't think so. the development of bitcoin shows a positive thing many people around the world are interested in using bitcoin and that is the key to the future growth of bitcoin prices that will make you profitable..

the salary of a retired employee must have compiled it so well that we plant it in order to increase the amount of salary we have

I have a bitcoin wallet address which is exactly for this purpose. There isn't much in it but it i constantly keep adding to it whenever i earn some here and there. My aim is never to touch this until i retire. Hopefully this will be enough to live comfortably and take care of my family when that day comes.

I'm quite excited for what the value of bitcoin will be then.

Yes, Bitcoin indeed is a great way for you to build to retire. Anyone with or without work outside can have this and retire early because of what can Bitcoin give as a source of income.

It's a good idea, maybe some people are willing to accept it, but the future of Bitcoin is still full of uncertainty. When you retire, if your retirement account is full of Bitcoins, it's possible to become rich or worthless because of the disappearance of Bitcoins. Realization.

That is still risky. Why not just do it by yourself? You can't assure that your employer that he don't have the key to your address. It would also be easy for him to make a fake a hack incident if he wants to. The best safe thing is to receive it first and then transfer it right away to an address that you will never touch.

It is a smart decision to use bictoin as your retirement property because the value of the bitcoin will increase faster than you send your retirement money to the bank for your old age.

Retirement account is the most important in our life for us to be comportable when we get older. And for me it's much better if we invest it with assurance. Being a part of bitcoin is make our life better but nowadays it is not already proven that it's better to be a retirement account.

Retirement account is important as kids are, and grandkids. We spoke about saving in bitcoins for yourself, for them, and who ever started to collect and store bitcoins on a side for future use is in big plus now, this topics are from 4 years ago.
Bitcoin can provide financial stability in the future, in many topics we discussed about how much you need to have for future, it's only 1 bitcoin. 1 bitcoin can reach 1 million dollars one day, everything more than that is extra and makes financial future safer, but with 1 bitcoin you can have retirement one day, or you can give it to a kid that will be able to do a lot with that 1 btc one day.
Bitcoin is great investment for the future. In just couple years bitcoin price raised a lot, in next couple years to 10 years price can grow even more, that's why investing in bitcoin and saving them for future is great decision for anyone who dare to so it.

I would say bitcoin is perfect for investing. we know bitcoin grew in 2009 the price was only 0.01 $, see now bitcoin is priced at $ 6k. maybe in 2022 bitcoin can reach 100k usd :)

What I'm wondering here is how to ensure that Bitcoin prices are always high.

well agree also for my own opinion ,,becuase like this moment almost cryptocurecy price are also decreased so that,if incase to need due to emmergency situation how could to say the that token to earned will be a good value dispite you know will be lower in the market due to some reason..

At a comfortable old age, you need to buy a bitcoin right now. This is really an occasion to reflect on your future.Now I'm thinking about what to give to my niece on my birthday) And I was visited by the idea of buying bitcoin). She still does not understand what it is but when she grows up she will greatly thank me

Invest some of your fiat in bitcoin, it still worth and you may get a lot of profit from it, the ones who are related to Bitcoins and have fame in the same field, should start such a program which would give everyone an opportunity to store their coins with them will you be able to live with peace and a clear conscience with your retirement full of crypto currency which won't be worth shit.

That is good actually. But what would happen if yhe employee decided to resign his position? Or move to another company? What would happen to the account? What would happen to an untimely demise what would happen to the account? I think it's much better if the employee handles the account themselves.

Things have definitely changed a lot since 2014 when this post was written.
It could be a nice idea, but only after the price of btc stabilizes so that there are no complaints like "oops, I just lost around 30% of my retirement savings because of yet another market crash".

I think many will like it if bitcoin is not volatile but because of its volatility many will not agree with it. Its hard to find out eventually that you don’t have money at all for your retirement or your expectation in your computation of your retirement was less than what is expected. Just my opinion anyway.

Although you sound a bit rude, you write here the right things. This is a great risk both for the organization or the employer who is going on to pay the pension for the person and for the retired guy as well.

Still way to viable for me to consider it a part of my retirement investment portfolio, more power to you if you press it home and are successful but right now this method a risky.

This is true but you did not think about one thing. How old are people that get their pension? Retired people are over 65. Most of them are very conservative, and it will be almost not possible to convince them dealing with BTC, not fiat.

By the way, this is a very interesting opinion ! People who are afraid to take risks can just buy bitcoin at 2% of the salary and it can bear fruit !

that wrong opinion i think.althoug more 65 years old, they still can use bitcoin as retirement asset.if not for them, it can used for their children or grandchild

Actually, it makes some sense. For intstance, in my country you can never be sure about your pension as things are going nowadays. So perhaps Bitcoin is a safer way to keep money in

I hope it will be the same as you say. Because I know the stability of bitcoin will be very strong. So if it has a price of 100k you will be very rich. ;D

By that age I think bitcoin could be worth many times what it is now. Keeping the other half in fiat would be advisable too but we all know money depreciated drastically especially when they keep printing more and more of it.

That's risky and safe at the same time. Why would anyone want to to lock the funds, if he/ she cannot use it in the times of need. But yeah in a way, a future planning is happening.

I think thats good idea for retirement plan. Bitcoin is long term investment and if we put aside small bitcoin into locked bitcoin wallet, it will be worth millions in the future and its good pension plan

People save because they need to as when they retire they wont have any money otherwise. Sure, keeping your money in bitcoin is risky but so is keeping it in a pension or in your bank in some cases. I think putting some money into bitcoin could pay dividends by the time you retire but nothing is guarnteed.

After getting retired from work, you need to get at least some source of financial support to keep you moving and I think bitcoin account will be the best for you to concentrate on.

If you are in your twenties right now while you are doing your regular job, it would really be great if you are also having a blockchain portfolio with you aside from saving money in your bank accounts or other insurance company. It will be timely that when you retire, your portfolio will be so mature with a very huge market value.

Good perception and advice mate. In addition blockchain portfolio would be going bigger and bigger because cryptocurrency will evolves and many industries or banks will purely accepted it in a lawful means. So with this happening might be the whole world would be recognized and regulate cryptos to make it safe from frauds and hackers anywhere in the places where we lived that patronizing crypto. In this way great holders of bitcoin who prepared for their retirement would feel great security with their stock in portfolio.

It will create world domination in currency but that is unrealistic, and it s just an alternative not a replacement. Success would happen when you understand your investment rather than just put money in it.

and why don't we just hold bitcoin forever until we retire? RC does not guarantee the exchange rate will always grow in the long run. bitcoin also does not guarantee, therefore I say that there is no guarantee of a good pension in the crypto world. except if we work in certain government or company institutions.

that's could work if bitcoin price rise alot as our hope above $50.000 .but how about if bitcoin price still moves down  or even die.because we dont know what will happen in future.

that would have been a wonderful idea, just hold your private key, and when time for retirement knocks, you just unlock you wallet and spend your retirement package. what an easy life that would be, unlike the rigorous process pension managers makes retirees go through in order to access their pension funds, bitcoin will be preferable.

Retirement account in the bitcoin is a very interesting idea. By investing in cryptocurrencies with such a long term goal, you can build a large capital, which will be an additional injection of money in retirement. Such investment in the future will pay off.

That is interesting. I wonder if it will happen in the future because now to me it seems pretty unrealistic because crypto is not stable yet.

It would be great if bitcoin become funds after our retirement.it can double our money.But the question is who will accept it and who gonna give us retirement funds.

Its true, many big company right now involve in cryptocurrency industry. They developing their bussiness and trying to make their bussiness more eficient. I am believe investing on crypto for long term will be profitable

it is true, most retired people will be unemployed and will think to look for busyness. the right thing is bitcoin. bitcoin has a beautiful future. if we have retired from work. we can sell coins that we have to make ends meet.

We can use bitcoin now asset or a investment  but we can't use it as retirement account. Being retired people is the more you need money for your needs everyday. We can use bitcoin to make our money more profitable but not just a account that you will keep money of your retirement.

A similar situation unfolds with the usual Pension Funds. The market of crypto-currency is very unpredictable and it is impossible to guarantee that at the time of retirement bitcoin will rise in price.

Bitcoin is digital currencies and only work if you have a internet connection and PC.If you think government can give retirement funds then its impossible.

I appreciate your post and its a great idea but when you look government policy your ideas become dull. No good response from the governments.

I think so, if bitcoin becomes a retirement account, then it has two possibilities. if the price is high at retirement, it will be very happy because it will get a high number of retirees, but if it happens otherwise, it will be miserable, the fluctuation of bitcoin make it impossible

I think it is a great idea investing in bitcoin and save it for retirement as a long term investor i think that investments will grow much bigger in the future and it can really be the source of our retirement account.

Yeah it is possible to use bitcoin for earning more money, but it is not possible to use bitcoin as your regular currency. I think that one should hold his bitcoin to make more money and keep that money for his last years. Regular income from bitcoin is not possible because of the volatility in the price. You can use your coins to start some business which will be the source of your income in the future.

A pretty early post, and if you start buying insurance from 2014 for retirement, I think now you are a bitcoin millionaire, it's enough for your whole family to retire early with a paycheck. month. Interestingly, I wish I could return to 2014

However, retired people can simply start to work with the cryptocurrencies, and even make much money exactly on Bitcoin. They have much time, and they do not have to go to the work.

A big savings from bitcoin if the bitcoin price reaches $50k by the end of the year, why do not we try if we get a chance to get rich. Not at all we have a good chance, miss the opportunity in fear is a mistake

The only question is what will happen to bitcoin to our old age. It can play into the hands, but maybe not)

bitcoin is still believed to increase value, but in the process, these coins often experience extreme fluctuations, and this is not suitable for passive assets and even safe assets for retirees. bitcoin is better treated actively and the profit generated in the majority still has to be thought of to be allocated to other more stable assets such as gold and so on.

it's true that with the existence of bitcoin, our money can be developed by means of long-term investment, because bitcoin is a safe and good place to invest in the future.

Lol this if very funny, I just kept on laughing while I was reading this. Here is someone that just wants to lose everything at the end :x. I don’t think any employer in his right senses would try to do such a thing and why do you think such? Having your money saved on Bitcoin is a risk and you never know tomorrow. Don’t be deceived by these enthusiasts that keeps on telling everyone that Bitcoin is the future whatsoever… it may not be what you thought.

It is good idea but what about the price and regular income. The problem is this that the price of bitcoin is not constant and regular income is not possible. A person can use bitcoin for his retired life when it gives him month basis income. If there is no possibility of such things then it is also not possible to hold bitcoin for your retired life. I think it is very difficult to do so.

Even we cannot see what will happen in the future, i am also believing that bitcoin is a long term investments and will surely give us huge profit once handled and manage correctly.

I think all the same it is risky to keep my pension savings in bitcoin. Everyone was fascinated by the unexpected growth of bitcoin in 2017, but everyone is very upset by his fall in 2018. Therefore, while this is not stability with bitcoin, it is better to invest in bitcoin the amount of money that it is not a pity to lose.

If really Bitcoin is popular in every country. Bitcoin can be paid in all areas of society, health or education. For countries that have developed Bitcoin to pay for social welfare benefits, it is essential.

Its a great idea but its bit risky. There's huge chances of losing private key. For old people its hard to remember their private key also they can lose the backup they can forgot where they place there private key's backup.

It would be great but as i said its a risky also it can be hacked hackers are usually targeting bitcoin's wallets anyone can make them fool and stole the coins.

It is good idea bitcoin is the only source to make huge money in less time and that is the reason for my investment in bitcoin. I want to do many things from bitcoin earnings. I want to buy my own house, car and also want to start some business of my own in the future. My retired life will be easy due to bitcoin. I don’t care about the price of bitcoin today because I have invested for long term.

Not many company pay their employee with bitcoin. But i think its good if emplayee paid with bitcoin because its more safe to keep bitcoin as pension funds because bitcoin is investment itself.

I think not all people who had just retired will be interested in investing bitcoin because they may lose interest working to make money because they will now rely on their children who have jobs. But it will still be a good idea because it will help them to earn huge money for extra income.

Bitcoin payment is not feasible for many of the companies, till we don't switch to the crypto payment system solely this practice can not be continued. Also it is about the interest of the individual, what if someone don't like crypto to be paid as a pension funds.
Relying on parents when you are a student and on children when you are retired is basically a cultural issue. In western world there is no concept of relying on your children or any of your relatives. It happens mostly in Asian world and unfortunately things are changing there too.

If bitcoin is really a money of the future then I believe today's bitcoin holders will become the wealthy of society at the time. I believe we will have more time to save for retirement later

Now almost all pensioners receive a pension on a bank card - they do not forget the code from the card ...
I think if it made at least one government, the citizens would simply breathe a sigh of relief. When the country's inflation and money depreciate at an incredible rate, this is the best solution to the problem of pension funds.