BitCoin for Retirement

[iamTom123]

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?

[LeGaulois]

As long as you mix the funds why not? But injecting everything into bitcoin is very risky specially if it's retirement funds. As you don't deal the same way when it's about retirement, we have only 1 retirement lol..I wouldn't inject more than 10-15% with it. In your shoes I would focus with the cacao farming wich can go very good. It can be a gold mine I know

[talkbitcoin]

if 1 bitcoin is just one of your investment that you put away for your retirement then it is an excellent idea because you should always diversify and we can never know for sure what will happen in a couple of years for bitcoin even if we are speculating moon.

but if you are planning on relying only one 1 bitcoin and nothing else then no, you are making a biggest mistake of your life. 1 bitcoin may never go as high as to be considered as your whole retirement money. (although i think you are from the first group but it was worth mentioning this here)

[Faiyz]

if 1 bitcoin is just one of your investment that you put away for your retirement then it is an excellent idea because you should always diversify and we can never know for sure what will happen in a couple of years for bitcoin even if we are speculating moon.

but if you are planning on relying only one 1 bitcoin and nothing else then no, you are making a biggest mistake of your life. 1 bitcoin may never go as high as to be considered as your whole retirement money. (although i think you are from the first group but it was worth mentioning this here)

For me i don't think you could really retire because most of the time people are just waiting for price and if you are smart enough you can still while you are at the age if retirement. Btc does not end by the age but by the interest of a person running out. I would agree that you should not just rely on 1 btc because even if the exchange rate is high in your place chances are you still got to spend more money for other purposes. It is still better play safe than never.

[haroldtee]

You want to rely on bitcoin for retirement? I am not sure that is a very good move... Just an opinion. Bitcoin is quite volatile and with all that is going on in the bitcoin and cryptocurrency world recently, counting on bitcoin, most especially 1BTC as a retirement plan may not be so good but the risk could be worth it eventually though. At least, since you mentioned you have farms which is an investment is good enough. But if 1 bitcoin is all you can afford and all the cash you have, please don't do that. You should see buying the 1BTC as an investment that could end up paying you well or not but purchase with what you know you can afford to loose.

[maku]

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

1. Do you have any backup retirement plan? Bitcoin alone might not be enough to keep you safe. We have no idea how BTC will scale in the distant future.
2. You probably heard this already, but diversification is the key. Bitcoin is great but seeing how Ethereum is growing I would buy it as well. Same with some other good altcoins.
3. No one will tell you how much 1 BTC will be worth in the future. It is pure guessing. Invest into something less volatile: land, real estate market etc.

[Kizaki]

It really depends on the development of bitcoin to the years that will pass.Putting a retirement amount of only 1 bitcoins is not really that good,1 bitcoin is still very small amount to consider as a holder for a long time,but if price will get 10x higher or more then its pretty good

[Duzter]

Every employee will be provided with an retirement fund on retirement by the particular firm for which he has been working for years and years. In my view it's good to invest the partial amount got as retirement fund into gambling, so that with the periodic price difference can get an additional earning and have the capital as same as the time of investing.

[NorrisK]

Instead of doing a 1 time 1 bitcoin deposit, I would consider monthly additions to the fund.

Start your fund with the planned 1 bitcoin and then add for instance your signature campaign earnings to this fund if you don't need those funds to get by currently. This way, you will grow your bitcoin fund over the years to make sure it grows with the increasing standard and cost of living your country will go through.

Also, keep an eye on the developments. For all you know, for some reason bitcoin will shift out and be replaced by others. You wouldn't want to end up with nothing in twenty years.

[unisilver]

It really depends on the development of bitcoin to the years that will pass.Putting a retirement amount of only 1 bitcoins is not really that good,1 bitcoin is still very small amount to consider as a holder for a long time,but if price will get 10x higher or more then its pretty good

correct. even if you aim 1 bitcoin for 20 years, there still risk. we dont know how strong will be the development of bitcoin, besides 1 btc is just a small amount. if you want, you can have even just atleast 10 BTC. but i suggest do not make bitcoinas a main source for a retirement plan. have back up plans too.

[Lecam]

It really depends on the development of bitcoin to the years that will pass.Putting a retirement amount of only 1 bitcoins is not really that good,1 bitcoin is still very small amount to consider as a holder for a long time,but if price will get 10x higher or more then its pretty good

correct. even if you aim 1 bitcoin for 20 years, there still risk. we dont know how strong will be the development of bitcoin, besides 1 btc is just a small amount. if you want, you can have even just atleast 10 BTC. but i suggest do not make bitcoinas a main source for a retirement plan. have back up plans too.

Even 1 bitcoin can atleast save your ass, remember bitcoin value is still increasing on its way to top, so in the mere future 1 btc will become expensive. But yeah as you said, dont make bitcoin as retirement plan, you have to make at least other investment or way to earn money when you retire, like business. In that way you wont be need to think about where you would get an income, because you have your own business.

[~Bitcoin~]

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

I don't think it will be enough for next few years but after 20 years it can be if we look at how price surged between 2008 to now. But nobody can predict the future so price can go both side, you have to sell your bitcoin if there will be big crash which may not come anytime soon.

[Gaaara]

It will be a good idea but are you planning to get a 1 Bitcoin after 20 years from now? If we were take it that long problems may occur, like having other coin that can overcome bitcoin or others like technical issues, but the idea is good at least there would be something that will cover up if some problems occur.

[cryp24x]

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?

If the prediction about bitcoin going $500k or $1m a piece in 10 years came true, then i guess having 1 Bitcoin as your retirement plan is not got but rather great.  There is nothing much better than having your investment to grow from 20 to 500 times after a decade.

[iqlimasyadiqa]

It is not the right choice. Just keep silent without work. If you work and invest with 1 bitcoin then i am sure it will be able to fulfill your life. You have a family and it will not be enough with just 1 BTC.

[bitbunnny]

Unfortunately situation in some third world countries is so bad that one Bitcoin at current price is real fortune and five of them will be enough for retirement. But Bitcoin price is very volatile and despite the expectations that the price will be even higher, situation can change.
So it's good to have some back up plan and other investment or source of funds for retirement.

[realinfo.co]

If possible have 21 Bitcoin, then you can think for some Retirement plans

[AicecreaME]

Why not try to invest 10 or more bitcoin right now, because if we are going to think it 20 years from now, I am sure that you could make a lot of profits on it in the long run, only if you have that kind of amount which is going to be your capital on investing to bitcoin. If I were you, I'm not going to ask anymore, I am just going to buy right away  because bitcoin is the best amongst all the coins here in the crypto world.

I have no doubt on bitcoin, because of its solidity and its price is really amazing as time pass by, I've started on this forum when bitcoin is just for $600, and now? it is almost going to $3000 which is only a dream for me way back then.

[Velkro]

if 1 bitcoin is just one of your investment that you put away for your retirement then it is an excellent idea because you should always diversify

or go all in and be madly rich for retirement
Two ways of doing retirement, on hawaii islands or in hospital care ;P

[xvids]

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?

If you are going to retire and you are only looking on holding that bitcoin for a long time I think it is kinda risky thing to do,
Think about it you would gamble your money in bitcoin and what would happen to it if the price crash down and can't go up again,
There are some possibilities right just think about it.