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Author Topic: Do you still keep a fiat retirement account?  (Read 5886 times)
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March 13, 2016, 11:35:55 PM
 #121

I will never convert a single penny of my retirement money into anything. It will stay as it is. I am a real Bitcoin believer and I think we will see great things from Bitcoin in the coming years. That's why I am holding a fair amount of coins in cold storage. That will be my bonus retirement money. Smiley

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March 13, 2016, 11:41:09 PM
 #122

I'm 99% sure that most of the Bitcoin supporters on this board still do have a fiat retirement account. Even though Bitcoin might very well be the currency of the future, in the event people retire early, or for any other reason, they'll still hold fiat so they can retire comfortably.

I think only a small minority of people on this board do not have a fiat job, or at least want to have a fiat job.














 

 

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March 14, 2016, 12:12:40 AM
 #123

ofc most of us still got a fiat retirement fund, i would be more suprised if someone did not have it Smiley

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March 14, 2016, 02:41:47 AM
 #124

I do believe in bitcoin strongly, but I absolutely do have a fiat/investment retirement fund and will continue to do so until I retire regardless of what bitcoin does.

I worked too hard to build up my current retirement fund up to convert it all to bitcoin at this point. The way I see it, if anything, it can be a hedge if bitcoin doesn't go as high as speculated or anticipated by the time I actually do retire.
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March 14, 2016, 10:36:20 AM
 #125

i think otherwise, we still dont know how long bitcoin can last, if the investment in fiat or gold it will be valuable until your country collapsed, so for long time investment fiat is the best, but if for short term period its better to keep bitcoin

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March 14, 2016, 10:51:48 AM
 #126

even if i wanted, it's not even possible here to withdraw my current fiat retirement account and convert all that to bitcoin. bitcoin is nice and has a great future ahead of it. but that doesn't mean people will leave fiat behind and go full on bitcoin.
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March 14, 2016, 11:17:30 AM
 #127

even if i wanted, it's not even possible here to withdraw my current fiat retirement account and convert all that to bitcoin. bitcoin is nice and has a great future ahead of it. but that doesn't mean people will leave fiat behind and go full on bitcoin.

Well described in the growing economy, it is highly impossible to make everything into bitcoin though we clearly know bitcoin is gonna get used a lot in the future than now.

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March 14, 2016, 11:43:23 AM
 #128

I'm still young, so i don't think to open fiat retirement account or something similar.
But, i think i'll make one if bitcoin doesn't become widely adopted or many merchants don't accept bitcoin in 30-50 years in future.

Even so, i'll keep some of my saving in bitcoin though Smiley

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March 15, 2016, 09:48:23 AM
 #129

Bitcoin is still too unstable to hold any large value for a high period of time. Obviously, this will change over time as more people use it. For now FIAT is still more reliable.
But I think bitcoin will appear more reliable if we know complete knowledge about bitcoin. It is true that the price is fluctuating but it does not mean that it is not reliable a person who is well aware about bitcoin can secure and increase his / her money with bitcoin.

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March 15, 2016, 10:07:46 AM
 #130

currently no I do not think to that way because i'm still focus on my bitcoin although prices looks unstable but with the growing popularity of bitcoin i hope people in the future will preferring bitcoin than fiat
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March 15, 2016, 10:12:35 AM
 #131

I still have a 401k and I love that I had to say out loud the other day, "hey my 401k is only down 5% compared to 18% earlier this year!."

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March 15, 2016, 05:40:25 PM
 #132

I will never convert a single penny of my retirement money into anything. It will stay as it is. I am a real Bitcoin believer and I think we will see great things from Bitcoin in the coming years. That's why I am holding a fair amount of coins in cold storage. That will be my bonus retirement money. Smiley
The same is here, I am also a strong believer on bitcoin and according to my views the great thing will happen in this year and for that I also have stored a big amount in cold storage of my wallet and counting days  Roll Eyes.

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March 16, 2016, 09:40:19 AM
 #133

ofc most of us still got a fiat retirement fund, i would be more suprised if someone did not have it Smiley
I have a fiat retirement account but after knowing about the features of bitcoin , now I am more attracted towards bitcoin and so now I am deciding to convert all my amount to bitcoin as it will benefit me more.

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March 16, 2016, 10:01:20 AM
 #134

If you are a true believer that be dollar and other fiats are doomed should you then cash out your fiat retirement account for btc, metals or real estate?

I have a Roth IRA with some money in it and I am debating on if I should liquidate that or keep contributing to it for the next 30 years.

i am a believer in bitcoin but i still keep a fiat retirement account because that is a sure thing while bitcoin is not 100% sure.
so i only invest my extra money that i don't need and willing to risk on bitcoin, and keep buying it until the price goes up.

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March 16, 2016, 10:47:28 AM
 #135

If you are a true believer that be dollar and other fiats are doomed should you then cash out your fiat retirement account for btc, metals or real estate?

I have a Roth IRA with some money in it and I am debating on if I should liquidate that or keep contributing to it for the next 30 years.

i am a believer in bitcoin but i still keep a fiat retirement account because that is a sure thing while bitcoin is not 100% sure.
so i only invest my extra money that i don't need and willing to risk on bitcoin, and keep buying it until the price goes up.

Not only fiat. It can also be kept in some other forms of investment. Only depending upon a single source might lead to some problem. So keeping alternate solution seems good.


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March 16, 2016, 10:52:28 AM
 #136

If you are a true believer that be dollar and other fiats are doomed should you then cash out your fiat retirement account for btc, metals or real estate?

I have a Roth IRA with some money in it and I am debating on if I should liquidate that or keep contributing to it for the next 30 years.

i am a believer in bitcoin but i still keep a fiat retirement account because that is a sure thing while bitcoin is not 100% sure.
so i only invest my extra money that i don't need and willing to risk on bitcoin, and keep buying it until the price goes up.

Not only fiat. It can also be kept in some other forms of investment. Only depending upon a single source might lead to some problem. So keeping alternate solution seems good.

Ya it is true fiat retirement will fetch you only small interest percentage but if you keep in metal like gold or in bitcoins or even in real estate you can get good returns if that turns out good. So keep 50% in fiat retirement and balance you can do in any one or keep everything equal so you can get maximum benefit of your retirement.

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March 16, 2016, 11:06:46 AM
 #137

ofc most of us still got a fiat retirement fund, i would be more suprised if someone did not have it Smiley

I don't have it yet. but have plan to make one fiat account.. I think it is improtant for everyone to make a fiat retirement account. because we can't depend on bitcoin only. we still need fiat accounts. fiat money is still our necessary to purchase daily things and for doing shopping.

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March 16, 2016, 11:10:24 AM
 #138

Im still far away from my retirement so i think fiat will still be on my retirement plan.
Since its mandatory to that in my country i will be using that when i retire.

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March 18, 2016, 08:32:11 AM
 #139

Unfortunately I have no retirement plan as such but only a little savings plan where I put in 100 bucks a month and earn 7% yearly for it like an endowment plan bt that's it. I am hoping ot offset my limitations of retirement by building up a bit if bitcoin. Still struggling though to get my whole round 1 bitcoin in savings but I am trying.

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March 18, 2016, 09:22:48 AM
 #140

Unfortunately I have no retirement plan as such but only a little savings plan where I put in 100 bucks a month and earn 7% yearly for it like an endowment plan bt that's it. I am hoping ot offset my limitations of retirement by building up a bit if bitcoin. Still struggling though to get my whole round 1 bitcoin in savings but I am trying.
I think it is very risky for long-term investments in altcoin. altcoin potential is smaller than the bitcoin,
so investing for your pension better choose bitcoin than altcoin


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