BitCoin for Retirement

[mharz]

I think "NO" because bitcoin were famous now so why need to retire. That is only speculation, we all know that bitcoin were earn a lot of trust from every users. That's why I cannot believe that bitcoin were retire, maybe it truly continue for a long long time.

[anneiS_02]

Well, I do respect the greatness of Bitcoin and I know that years from now it will be widely and freely accepted by the government. But you are thinking holding to bitcoin for retirement which is a risky thing to do.
Our leaders or Pros as may have said that it easier to earn before and harder now a days.
We can't tell how will it be broader in 20 years time. It will be okay just to have other plans before retirement.

[Dr.Osh]

Well, sometimes, the bitcoin income gives, more than the salary we get from our work. Well, bitcoin is very good at the destination after retirement, because maybe you will get more money than before.

[rainingbitcoins]

Well, sometimes, the bitcoin income gives, more than the salary we get from our work. Well, bitcoin is very good at the destination after retirement, because maybe you will get more money than before.

Yeah if you manage to save good amount of bitcoins then you can retire from your work early and even your bitcoins can give you luxury life in future as the price of bitcoins will be much higher in next few years.

[radjie]

Yes it sounds very interesting by the way we collect bitcoin from now within the next 20 time if we can collect 1 bitcoin then it can be used as and our pension because the longer I feel sure bitcoin price will increase higher than now let alone in time period 20 years from now that our age for the next year is getting older, It is a good idea to save 1 btc for the next 20 years' retirement fund.

[Juggy777]

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?

Mate what's wrong with you, and by the way what's your country, you are planning to buy one btc with all your savings and then believe it will be enough no, what I would instead suggest is take 10 - 30% of money in btc, 20% stocks 30% in equity funds till you are 50 then put them in debt funds and always keep 20% in cash. I like Bitcoin but they supplant my Fiat, not the Fiat if you get excess money then yes, but retirement funds are a bit risky according to me.

[Sithara007]

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

It is not a bad idea. But at the same time you need to ask yourself whether Bitcoins will remain relevant after 20 years from now. The technology is constantly improving, and 20 years is such a long time. New technology makes the old ones obsolete, and this has been happening for the past several years.

[reflector]

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

It is not a bad idea. But at the same time you need to ask yourself whether Bitcoins will remain relevant after 20 years from now. The technology is constantly improving, and 20 years is such a long time. New technology makes the old ones obsolete, and this has been happening for the past several years.

No, it will not remain the same value for bitcoin after 20 years. I hope bitcoin price will be 5 times more at that time. If I get the retirement fund in bitcoins. I feel happy to get that and even salary also okay for me in bitcoins. Until it is been legal in your country, it is not possible to get the bitcoin as retirement amount or any legal usages.

[Doms]

It seems to me that you are living a more comfortable life than others in your country having a farm of your own. If you can afford to buy more than one bitcoin, you should do it. You can even buy small fractions until you reach an amount that you are happy with. Also, keep an eye on the price as sometimes there are dips that can be used as buying opportunities. If bitcoin survives in the next twenty years and you have kept your bitcoins safely in storage, I think that would be of help toy you with your small daily expenses once retirement is upon you.

[Ferris419]

1 btc is really very small amount to hold as you cannot expect that price will reach in millions in future and 1 btc would be enough for you to live a good life so if you want to enjoy luxury retirement then you should have at least 100 btc in your wallet.

[hinatashoyou]

1 btc is really very small amount to hold as you cannot expect that price will reach in millions in future and 1 btc would be enough for you to live a good life so if you want to enjoy luxury retirement then you should have at least 100 btc in your wallet.

Right, 1 bitcoin is too small, even if the bitcoin price keeps rising, 1 btc can not guarantee retirement, 100 bitcoin I think enough to make your retirement happy, but I guess do not just invest with bitcoin, maybe you can buy some property and stock

[CryptoPro3]

I think BTC saved for retirement is a good idea, however I would not bank on 1 BTC to put you in the place you want to be. Personally, I would save more than that in hopes that the price will rise and your investment today will become very profitable. I think BTC is the future and we are barely scratching the surface, so yes it is a wise investment, but you want to make sure to diversity your assets and money in fiat, stocks, gold, business, etc so that all of your eggs are not in one basket.

[Amph]

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

not really a wise decision to gamble with your future saving, you would only increase the chance to lose everything, if you are folllowing the original poster, 1 btc isn't enough for retirement unless you live in a world where $100k make you rich

and bitcoin increase to $100k, would be advisable to have 50 to be sure for a good retirement, but on the other hands, very few in the future will own that small amount, otherwise no distribution and adoption are possible

[xhienigat]

How much are you expecting 1 bitcoin will cost 20 years from now? If for you that amount is enough then it is, but if you think it is a small amount for retirement then I suggest you add a couple more like 10 bitcoin perhaps.

[niisarearning]

Ha ha one bitcoin would be enough as from  current situation to next 3 or 4 years then there will be massive change happens so you have to go with change . So keeping one bitcoin and predict for long time not a problem if you loss bit gain more . If keep more bitcoin and wait for a such long time it would not best idea for me .

[cafucafucafu]

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?

It's a good idea to diversify your retirement fund so that not all of it is in shares or property, or whatever you are investing in.

Bitcoin is probbaly one of the best options out there, possible.

How many bitcoins do you need to retire comfortably? Probably not one. One is just too little, even with a price rise that won't be enough for a 20-30 year life after retirement if you are lucky or at least 15 years. You need around $40000 a year to retire comfortably at the least, times that by 20, you get $800k. I'd say that bitcoin at $80k each isn't out of reach at all. Aim for at least 10 btc.

[Dudeperfect]

I see various aspects for this question. It mostly depends on what you are going to do after your retirement? Do you have any plans to fly in other countries? or any plans to do business? If not then I think 1 BTC should be sufficient to live a simple life without doing anything. In next 20 years we will have very good environment in developed countries for the usage of bitcoin but I don't think third world countries will have that much of freedom to use bitcoins.

[youngagethinker]

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?

I feel you bro. My grandmother is 79 years old but he's just trying to get by in coconut farming because here in the Philippines when you retired from work, you are lucky if you have at least 5000 dollars in the bank. Thats why when you look at the lives of the elders here you will see that they've gained nothing even if they've word hard when they are in their prime. All of their salary has been spent on the studies of their daughters and sons and sometimes thier grandchildrens. Life here in the third world is hard, so I will agree that BTC is a good investment plan just keep it safe and choose your storage wisely.

[shamzblueworld]

No one know what will be the value of bitcoin 20 years from now, maybe it will be more than $10k or maybe it will be zero as a new giant crypto currency would be dominating the world by then. So it is good to keep yourself updated with the crypto world and know what is going on around you and keep your savings up to date as well.
But if you can afford, maybe accumulate like 10-20 BTC for retirement rather than just one.

[audaciousbeing]

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?

Considering the economic situation of the country you painted there, I am sure the price of btc today will mean a lot to you over there which might equally not cheap to get considering the factors raised above. My contribution is that if you can afford it without altering your economic condition, then go for it and wait but don't rely and not make provision for the future again because no ones know the future and it will be better to have surplus when it comes to income than deficit.