Bitcoin or pension funds which is better for retirement?

[Africolo]

As an employee in Nigeria, you contribute a part of your salary every month, that's why it is called a contributory payment scheme. What you are paid after retirement is what was contributed in your retirement savings account plus any interest. You can typically receive this payment either through programmed withdrawals or annuity. Where did you even get the idea that pension is a monthly payment of 50%, that could not be more wrong. In Nigeria, pension contribution is a minimum of 18% of the employees salary, divided thus: employee contributes 8% of their monthly remuneration, while employer contributes 10% of the employees remuneration. Please get your facts right, so i don't have to repeat myself like i just did.

I never said employee contributes 50% of their monthly salary to their contributory payment scheme, I was talking about the these retired civil servants receives monthly after retirement. I live in a civil servants quarters and what I know is this;

If a servant was earning around 300k/month before retirement, he'd get around 150k as pension

[PremiumcryptoHub]

I would definitely choose the Bitcoin pension system. The main reason for this is of course the high return. The pension system is basically deposited in the DCA strategy for about 30 years. Now think, if you save your money regularly in Bitcoin for 30 years, how much return can you get?

Fiat loses value day by day due to inflation, even if you make a profit on your fund, it will not be equivalent to Bitcoin. Suppose if you deposit $100 per month in your pension fund, then your pension fund will be deposited in the year $1200 and in 30 years it will be $3600. Now if we expect 4x profit in 30 years, then the amount will be $144k, which is much more than 1 Bitcoin at the present time. This was my simple calculation, but from my point of view, the Bitcoin pension system will pay several times more than the Fiat pension system. I would definitely choose Bitcoin.

Bitcoin pension systems are much more meaningful and effective than fiat pensions because naturally everyone is now witnessing that the market has reached new highs twice this October. So if the pension money is kept in Bitcoin, then it may be possible to make several times the profit from it. But if it is kept in fiat currency, its value will not increase, but the value of that saved money will decrease due to the increase in the inflation rate. Moreover, an individual may be able to analyze which system to invest their pension money in based on their risk tolerance, so I'm mentioning the benefits of holding Bitcoin and fiat currency.

It is largely correct that Bitcoin has a limited supply and is free from central bank and government control due to its decentralized process, and most importantly, it offers the potential for high returns, On the other hand, fiat will only reduce its purchasing power and it is controlled by the government and central bank. By the way, maybe the calculation of your total amount of money over 30 years is wrong here because if someone deposits $1,200 into their pension every year, it will be $36,000 in 30 years.

[gracreavix]

For those of us that are knowledge about cryptocurrency we know that Bitcoin is a store of value. If you hodl for long term you will be getting investment returns in bull circles. Investors can do DCA method of accumulation till their retirement.

Pension funds are a pool of funds that are managed by trusted institutions for long term retirement plans. Most pension funds managers are recognized and regulated by government which gives them trust by fund owners. Fund owners will do DCA method of monthly payments or as agreed into the account of their trustfund until an agreed retirement age. The pension fund management will repay capital + profit at owners retirement because they are using funds in their custody for businesses.

During president Obasanjo's regime he made it mandatory for workers salaries to be deducted for pension plans. Today many workers are benefiting after retirement from their funds + profit returns. Also many Bitcoin holders on DCA method for many years are very rich today.

I prefer Bitcoin DCA retirement plan than pension DCA retirement plan. Bitcoin is decentralized and I have total control and privacy over my coins through my none custodial wallet. Pension funds managers are third parties that can mismanage my funds and go bankrupt. If you were a layman and given a choice between the two retirement plans which will you choose?

Both of them get value in their own way sha. Pension plan dey give small sense of security because e dey regulated, but sometimes government fit delay your payment for months, and you go just dey wait… Bitcoin on the other hand na full control, but the risk dey your hand completely..  If you lose your wallet or price drop, nobody go cover you..

Last last, e all depend on the kind of risk person fit handle.. Some people like to dey in charge of their money and no mind the ups and downs because of the potential big growth wey fit come later..  Others just prefer peace of mind, steady small returns without wahala..  So e no get one size fit all here, na your mindset and patience go determine which one fit you pass.