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Author Topic: What plans do you have for your BTC stash?  (Read 8016 times)
Abiky
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November 28, 2016, 04:35:08 PM
 #161


Are you really comfortable with this idea? I mean bitcoin is highly disruptive asset it showed out of nowhere and it might disappear like that too.
Do we really know for sure that bitcoin will be used in the future in the time to support your retirement plan? I mean it won't hurt to have BTC but trusting solely in it is not wise IMO.


While I believe that Bitcoin will remain active for years to come, there could be a possibility of its price to decline massively if another exchange hack occurs, among other factors. In order to protect your investments, try to diversify it among different altcoins instead of a single cryptocurrency like Bitcoin. That way, you can always minimize your risk of loss in case Bitcoin fails sometime in the future.

However, as days pass by Bitcoin becomes stronger in user acceptance and popularity. That is why, in my own opinion, if all goes well over the years (with no other event such as an exchange hack) then we could rest assured that the price will continue to rise from $1000 and beyond.

Nevertheless, to be safe, you can always spend a very little amount from your earnings into Bitcoin each month and save them on a paper wallet for future reference. By doing this, you can grow your stash of BTC, knowing that someday in the future it would be worth more than what it is right now. Just sharing my thoughts.  Grin



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Mastsetad
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November 28, 2016, 04:41:33 PM
 #162

I hope to accumulate enough bitcoin to supplement my retirement. I don't know what it will be worth by then, but I hope I can use it to live a comfortable life.
Are you really comfortable with this idea? I mean bitcoin is highly disruptive asset it showed out of nowhere and it might disappear like that too.
Do we really know for sure that bitcoin will be used in the future in the time to support your retirement plan? I mean it won't hurt to have BTC but trusting solely in it is not wise IMO.


That actually is right, though we can see great potential in bitcoin but we should not forget that bitcoin is something that was made online and what if it disappears just like that? Who would be able to do something for it as it has never been known or controlled by anyone in real world? So there is always a doubt like that in the minds of people in bitcoin community, including me to be honest.
crairezx20
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November 28, 2016, 05:20:11 PM
 #163

I hope to accumulate enough bitcoin to supplement my retirement. I don't know what it will be worth by then, but I hope I can use it to live a comfortable life.
Are you really comfortable with this idea? I mean bitcoin is highly disruptive asset it showed out of nowhere and it might disappear like that too.
Do we really know for sure that bitcoin will be used in the future in the time to support your retirement plan? I mean it won't hurt to have BTC but trusting solely in it is not wise IMO.


That actually is right, though we can see great potential in bitcoin but we should not forget that bitcoin is something that was made online and what if it disappears just like that? Who would be able to do something for it as it has never been known or controlled by anyone in real world? So there is always a doubt like that in the minds of people in bitcoin community, including me to be honest.
Honestly i am not still believe that bitcoin will be use for a long time since we are seen some weaknesses of bitcoin.. Satoshi nakamoto always warning us about retirement plan.. that you can found here https://bitcoin.org/en/alerts
So we can not know if bitcoin how long they will live since they are holding a large network and we are growing if the can handle the who network about the problem that will happen in the future we  will still continue using bitcoin if we are lucky. Since bitcoin still have a good value we are still using it and some good news like in paris that they are accepting bitcoin and i think they are motivating more people to use bitcoin..
I am just hoping that bitcoin will live long since this is part of our life and we do business with bitcoin..

       


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raja2sumi
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January 01, 2017, 12:09:53 PM
 #164

I think of selling my stuffs like the smartphones that i dont use at all .also i am thinking of converting 10 percent of salary into bitcoins .

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Maticul
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January 05, 2017, 09:26:34 AM
 #165

I think of selling my stuffs like the smartphones that i dont use at all .also i am thinking of converting 10 percent of salary into bitcoins .

That is a good plan.
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