BitCoin for Retirement

[qwertyup23]

Investing for the future is always the best move but in my opinion, saving 1 bitcoin for your retirement plan is too risky since the price of bitcoins are very inconsistent. If you want to settle for a retirement plan, I think it is best to save at least more than 1 bitcoin if possible.

[Vohoanghiep111]

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

Bitcoin savings and retirement and a plan that was too far away for me while I was 18. So using bitcoin in business and gambling is my bright decision at this point

[Lucius]

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

There is nothing wrong in your thinking,if you can afford it to buy 1 BTC and keep it safe in the next twenty years you may get some nice addition to your retirement plan.But as you know, there is always a risk that after twenty years that 1 BTC can be worth less than today or it may not have any value at all.

But if BTC succeed and become widely accepted cryptocurrency that 1 BTC might be worth a small fortune one day.

[skorupi17]

Well, it would seem like some of us here is just paying attention to the subject and not to the complete message of the OP. Pity.

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

Having your cacao/mango/coconut farming would definitely do you good upon your retirement. It would seem that you already had a deep thought about it, right? Including Bitcoin in your plans is somewhat a wise choice. Imagine how much would be the value of bitcoin 20 years from now (supposing that bitcoin continued to increase). Having Bitcoin as an assistance for your farm is great and I believe that with Bitcoin, your farm will be in good hands. Be alert, however, 20 year span in Bitcoin have very high risks.

[Mumbeeptind1963]

Investing for the future is always the best move but in my opinion, saving 1 bitcoin for your retirement plan is too risky since the price of bitcoins are very inconsistent. If you want to settle for a retirement plan, I think it is best to save at least more than 1 bitcoin if possible.

Try to invest more than 1 btc. Because as what others said. Bitcoin will continues to grow its value more years to come. Im very excited when it comes. I hope that you will continue to earn and bitcoin will help you a lot.

[Unknown Enforcement]

Saving 1 bitcoin for your retirement isnt enough for me, buy more if you can cause the price of bitcoin now is much cheaper than 20 years later. Maybe you will be multi millionaire in 20 years with 10 bitcoins in my opinion.

[lite]

I think 1 bitcoin won't be enough for your retirement, you should buy as much as you can while the price is cheaper. i for one buy in small pieces every month/whenever i have extra cash. my goal is to reach 10 BTC, i hope i can make it there before price jumps really high.

[Hutalar]

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

Bitcoin price is going very well so I know that after 20 years the price of bitcoin will be very high and even the fund of retirement from a government will also not be that much which 1 bitcoin price will be. I will say that yes 1 bitcoin will be enough for you to keep for your retirement.

[angaper]

Fortunately you have several options to cover your retirement, and products such as cocoa will always be very profitable. Therefore acquiring 1 btc to diversify your investments seems a good idea, because in any case your future would not depend entirely on the future of bitcoin, but would be something complementary to your retirement plan.

However a period of 20 years seem very distant in this world of cryptos. I am not even sure that bitcoin will exist in those days as we know it today, or if it will have been replaced by a more advanced option, but I still think it's worth taking the risk.

[Harry Callahan]

However a period of 20 years seem very distant in this world of cryptos. I am not even sure that bitcoin will exist in those days as we know it today, or if it will have been replaced by a more advanced option, but I still think it's worth taking the risk.

It sure is a very long period of time and if you are planning to go for the long term make sure that you follow the market carefully with every price and make some calculations on what the future would be ,i would book my profits rather than simply sitting on top of it for a longer time.

[Yakamoto]

It might be worth holding onto Bitcoin for a retirement fund, but it won't be a good idea to rely on it entirely for your future retirement plan. Always diversify it with other assets. I believe that Canada allows for various precious metals to be included in an RRSP, so there's already an example.

Bitcoin is poised to do well, and that shouldn't change anytime in the near future. It's just making sure that everything goes well, no matter what happens.

[catia]

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

In a word - no. Though I don't know how long you'll live (hopefully long  ) or how much you spend.

If you're thinking 1 BTC might be worth like $500,000 in 20 years, I think its very unlikely.

For me safer would be to hold various alts rather than only btc over the long run

[xuan87]

I think 1 bitcoin is too little for your retirement plan, we still don't know what will be the price for the next 20 years, I think the most suitable amount for retire is 100 btc, but saving bitcoin as retirement fund is a bit dilemma, we still have no idea what will be the value of bitcoin in next 20 years it could be very expensive or very cheap and hopefully bitcoin still exist in the next 20 years

[TastyChillySauce00]

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

In a word - no. Though I don't know how long you'll live (hopefully long  ) or how much you spend.

If you're thinking 1 BTC might be worth like $500,000 in 20 years, I think its very unlikely.

For me safer would be to hold various alts rather than only btc over the long run

That's like expecting something which has a high possibility of not happening. Maybe within 20 years, bitcoin could be that valuable, but, what if thing happens the opposite. Then you'll sure need to work again to fulfil your expenses while actually, you should've to enjoy your life in your retirement.
Better to keep something for your future in form of precious that always stable and steadily increasing its price overtime.

[TGJJ]

I think 1 bitcoin is too little for your retirement plan, we still don't know what will be the price for the next 20 years, I think the most suitable amount for retire is 100 btc, but saving bitcoin as retirement fund is a bit dilemma, we still have no idea what will be the value of bitcoin in next 20 years it could be very expensive or very cheap and hopefully bitcoin still exist in the next 20 years

100 BTC is nearly $300,000 at todays prices. You don't need as much as that to retire in a cheap country like the OP mentioned.  

You could retire on $8,000 a year in somewhere like the Philippines

[sasaku bitbit]

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

20 years is a long time for 1 Bitcoin to be enough. What do you consider "enough" tho? It probably is enough for a 60 year old to retire and never have to work again, but im not sure if you would be considered rich.

If you own 21, im pretty sure in 20 years you'll be elite. There will never be enough BTC for all fiat millionaires in existence today to own one... consider that.

If you have 21 btc, it's probably in 20 years you will URelit.itu is quite a long time so there will never be enough for Bitcoin so that all millionaires fiat exist today for one's own your future savings. but if you're in a year alone could be filthy rich as long as you focus with bitcoin, how one technical analyst with observing the movement of the bitcoin.

[andrew24p]

Maybe in a third world country, but I would say you most likely need more for retirement in 20 years. Nobody really knows what the price is going to be but I would say on the safer side you should have more.

[madwica]

Maybe in a third world country, but I would say you most likely need more for retirement in 20 years. Nobody really knows what the price is going to be but I would say on the safer side you should have more.

If you can find a job with salary of bitcoin or if the signature campaign would be stable and run for a year i think i will retire in my current job because i like to spend more time with my kiddos which i can do that today due to my full time job but if i work with bitcoin i am at home working together with my kids. I think more users will happy if that happen.

[Pearls Before Swine]

In a 3rd world country where you can feed a family on something like $10/day, hell yes.  Bitcoin would be great to save...IF it keeps going up in price, but there's no guarantee that's going to happen.  Still, signature campaigns and the like are a godsend to you people in the 3rd world.  It's just unfortunate that most of you get paid to write utter nonsense in the english section here, and usually with multiple accounts.  It's a great idea *in theory*.  In practice it's horrible.  But if you can manage to save some bitcoin, do it.  I think it's got great potential for underdeveloped countries in particular.

[Russlenat]

for me I think it's good to invest 1bitcoin for retirement that never because we also don't know how far bitcoin can go in the future.
It is good also that you have other plan to invest like to grow cacao, coconut and mango because it is alternative seasonal income also.