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Author Topic: Do you still keep a fiat retirement account?  (Read 5889 times)
1Referee
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March 18, 2016, 09:44:08 AM
 #141

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

He didn't even mentioned the word altcoin. Not sure where you get that from. But you are indeed right about altcoins. "investing" in altcoins is quite the same as gambling. It's a short term thing with too much risk of ending up with 90% losses overtime.

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March 18, 2016, 09:57:37 AM
 #142

Majority of my funds for retirement would in fiat for sure, and I will keep few amount in bitcoins, as the future is unpredictable so its better that we have both of them.
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March 18, 2016, 05:55:49 PM
 #143

Now fiat is more safty, so why people should not keep it? Bitcoin is unpredicteble thing that's why i'm keep holding fiat retirement account.

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March 18, 2016, 05:58:33 PM
 #144

Now fiat is more safty, so why people should not keep it? Bitcoin is unpredicteble thing that's why i'm keep holding fiat retirement account.

its always good to have fiat retirement account as if bitcoin disappears in future it is only fiat which can take care of us in the best possible way.

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March 18, 2016, 06:52:16 PM
 #145

Yes, I have such account. It's long time until retirement and nobody can't now how the things will develope and where Bitcoin will be in 20, 30 years. We still need fiat funds.

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March 18, 2016, 07:44:08 PM
 #146

I can't see any problem in just keeping it going, people will continue to get old and it's nice to know you will have something if and when you reach that point, no harm though in taking a % of it if you can and putting into bitcoin the best is yet to come.

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March 18, 2016, 07:52:47 PM
 #147

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.

Never get to invested in one aspect,its best to have assets spread out over your portfolio. Otherwise you take a hit and see 20 years go up in smoke. A lot of the baby boomers watched this happen and the reason it never hit so hard,is real estate went up in value.
So they are able to reverse mortgage their homes and keep it on the low from their kids till they die.
I put into a work pension that I am pretty sure will not be there when I retire and its just the cost of doing business.
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March 18, 2016, 07:56:50 PM
 #148

yeah, of course i keep that, you have to always be guaranteed that you will have something to live out of if something unexpected happens, and it is a good way to be safe

i think that it is very important thing to do and you should start investing to it from the young age
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March 18, 2016, 09:15:42 PM
 #149

What's wrong in having an fiat as an retirement account? is there something wrong in it? No doubt I have faith in bitcoin too but I have more faith in fiat as I believe in reality.
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March 18, 2016, 09:35:15 PM
 #150

I spent some time last night working on a spreadsheet to show some retirement plan/goals for myself and my wife.  This spreadsheet is pretty powerful to show compounding gains and the power of time on an investment.  Please take a look and let me know what you think.  The current version ignores things like promotions and bonuses (and bitcoin going to da moon!), but if there is enough interest that stuff wouldn't be too hard to add.

https://docs.google.com/spreadsheets/d/14ygbY57RZ2oS9YoIo7amecFR7UnSaz9xr5yEvkOozDU/edit?usp=sharing



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March 18, 2016, 09:44:15 PM
 #151

What's wrong in having an fiat as an retirement account? is there something wrong in it? No doubt I have faith in bitcoin too but I have more faith in fiat as I believe in reality.

^^^ This guy  Grin Grin
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March 18, 2016, 10:03:33 PM
 #152

What's wrong in having an fiat as an retirement account? is there something wrong in it? No doubt I have faith in bitcoin too but I have more faith in fiat as I believe in reality.

Correct. It's about having some backup plan. Why would you bet on just 1 horse. Suppose the project fails, then you will live your life poor.
So yes i got 1 retirement accounts. 1 is bigger then the other.
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March 18, 2016, 10:10:18 PM
 #153

What's wrong in having an fiat as an retirement account? is there something wrong in it? No doubt I have faith in bitcoin too but I have more faith in fiat as I believe in reality.

Correct. It's about having some backup plan. Why would you bet on just 1 horse. Suppose the project fails, then you will live your life poor.
So yes i got 1 retirement accounts. 1 is bigger then the other.

That's true Sir. Saving money is something i learned from being a small child. My parents teached me to have some spare money in case of an emergency.
These day i don't own a lot of bitcoin but i do try to save for a savings accounts.
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March 19, 2016, 06:44:57 AM
 #154

Now fiat is more safty, so why people should not keep it? Bitcoin is unpredicteble thing that's why i'm keep holding fiat retirement account.

its always good to have fiat retirement account as if bitcoin disappears in future it is only fiat which can take care of us in the best possible way.

That's right.. though we are all trusting bitcoin and grabbing the opportunity that it is giving us, we should still make investment in fiat, as we are not so sure about what is the future of bitcoin..

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March 19, 2016, 07:07:44 AM
 #155

Now fiat is more safty, so why people should not keep it? Bitcoin is unpredicteble thing that's why i'm keep holding fiat retirement account.

its always good to have fiat retirement account as if bitcoin disappears in future it is only fiat which can take care of us in the best possible way.

That's right.. though we are all trusting bitcoin and grabbing the opportunity that it is giving us, we should still make investment in fiat, as we are not so sure about what is the future of bitcoin..

Don't worry about the future bro. People are adopting bitcoin everyday. It's all because business people knows about bitcoin's potential.
They know how long bitcoin will long last and how it works.
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March 19, 2016, 07:14:25 AM
 #156

Now fiat is more safty, so why people should not keep it? Bitcoin is unpredicteble thing that's why i'm keep holding fiat retirement account.

its always good to have fiat retirement account as if bitcoin disappears in future it is only fiat which can take care of us in the best possible way.

That's right.. though we are all trusting bitcoin and grabbing the opportunity that it is giving us, we should still make investment in fiat, as we are not so sure about what is the future of bitcoin..
Me also same bro. I am believing bitcoin. I don't want fiat retirement fund and all. Thats why I am holding bitcoins.
simonloff
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March 19, 2016, 10:56:19 AM
 #157

I think keeping multiple investments is always a good strategy, You of course know about the "not putting your eggs in one basket" so I think it's better to have a wider profile of investments.
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