BitCoin for Retirement

[btctousd81]

good thing is not keeping all eggs in one basket.,

and no one bitcoin is not enough imho, get as much possible as you can while price is low.

think it like any other investment, where others grows 2-3 folds, bitcoin can grow 10 folds.

you have to do some calculations , like what will be requirement after 20 years or so when you retire, how mcuh will be the price of those things, what is current average income, how much will that be after 20 years.,
you want to live average life or luxury life , it totally deppends on you,

good luck. i am also in the same boat.

[ufaiz50]

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 currently have it now, don't just set it aside for your retirement. If I were you I'd be trading cryptos and earn a decent income in return.

With bitcoin's volatility in value, there is actually no assurance that a couple of decades from now, bitcoin will still be the same high-valued asset that we have now.

I think it would be more prudent to invest in land or business, less risky business if you want.

it's true. bitcoin is too risky to be a retirement savings even though many say bitcoin the longer it will grow longer but we really don't know what happens in the future. at least as long as you are still productive and can still work you must make more money because 1 bitcoin is too small.

[cyclotronmajesty]

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 currently have it now, don't just set it aside for your retirement. If I were you I'd be trading cryptos and earn a decent income in return.

With bitcoin's volatility in value, there is actually no assurance that a couple of decades from now, bitcoin will still be the same high-valued asset that we have now.

I think it would be more prudent to invest in land or business, less risky business if you want.

it's true. bitcoin is too risky to be a retirement savings even though many say bitcoin the longer it will grow longer but we really don't know what happens in the future. at least as long as you are still productive and can still work you must make more money because 1 bitcoin is too small.

Exactly we cannot depend on bitcoin for retirement as we never know what will be the price of bitcoins in future and if have saved more amount of bitcoins and if price crashes or bitcoin disappears then we will be left with nothing in hands at older age and at that time it will be very hard to find any other source of income.

[gilangIDR]

if we can get a lot of bitcoin and save it for the old days then this could be used as an investment for retirement. But for me to work in a royal period is a necessity. Just doing the trading in front of the computer may still be said a reasonable thing, I will continue to work until I can not do it again.

[DoublerHunter]

Don't settle for less, aim high and change your target from 1 bitcoin to a higher amount of bitcoins. If you have a lot of chance now to get more bitcoins and keep it in a safe place because for me 1 bitcoin is not enough for us to have a retirement fund and it cost at least 10 bitcoins for an average person to have a retirement fund to enjoy at least 1 year. It is still depends on how you will manage your money.

[frowsiter]

That would be hog in a cog. Lots of assumptions are there regarding bitcoin in the future. Fisry things first, bitcoin is virtual with no physical presence but having solid backup of miners which are physically available. This is important to discuss because something with only virtual presence might go into darkness real soon. Bitcoin as such is good investment for current period or may be 2-3 years from now. Having bitcoin as goal of 20 years from now would be little bit frowning concept and is not advisable personally. You can do invest for 2-3 years and after that period you can recheck what is the condition from there onwards. They reinvest more money and keep doing this which would be safer way of investment.

[Rajamuda]

Yes it can, If it is really taken into account well from the far-away days. Don't using it too much for playing on games (gamble), mining is better i think. Play safe and always counting the profits.

[uneng]

Don't settle for less, aim high and change your target from 1 bitcoin to a higher amount of bitcoins. If you have a lot of chance now to get more bitcoins and keep it in a safe place because for me 1 bitcoin is not enough for us to have a retirement fund and it cost at least 10 bitcoins for an average person to have a retirement fund to enjoy at least 1 year. It is still depends on how you will manage your money.

I agree with you, at this moment we can have a goal higher than 1 bitcoin, because the price isn't that high yet, but I believe who is thinking in retirement, isn't thinking on short run, they want to save money now for the next decade I suppose.
And when the next decades come the bitcoin price will be too high, that is the reason 1 bitcoin can worth to have a good retirement life, but as I said, it's possible to think bigger as bitcoin price isn't so high yet.

[setupbounds]

if we can get a lot of bitcoin and save it for the old days then this could be used as an investment for retirement. But for me to work in a royal period is a necessity. Just doing the trading in front of the computer may still be said a reasonable thing, I will continue to work until I can not do it again.

Being retired is really a big change in life people must think what they will do after retirement everyone thinks about their future so no doubt that Bitcoin is a good and secure future for retired people so if people want to secure their future then buying Bitcoin are collecting it is really a good option for them most of the people are putting their money in Bitcoin and investing in it for the future purpose.

[bitbell]

Just mentioning it as a third-world country isn't enough to make a valid comparison, as living fees for food and the like is higher in some of these countries than the US (Although housing is much cheaper, but food is more expensive than "walmart and pricetag like prices".

[South Park]

Just mentioning it as a third-world country isn't enough to make a valid comparison, as living fees for food and the like is higher in some of these countries than the US (Although housing is much cheaper, but food is more expensive than "walmart and pricetag like prices".

Could you give an example? Most of the time housing and food are going to be a lot cheaper  in a third world country than in any first world country, the things that don’t change in price are things like technology and in fact technology can be a lot more expensive since it needs to be imported from other countries where that stuff is built.

[Bestwishes745]

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

That's a really good question. I think it would be great reason to buy one. A unique way to add diversity to your retirement plan.

retirement makes people really worried if a person is doing a job and he has a proper way for earning he will not be much worried about future but after retirement they start thinking what they will do now so bitcoin is a good opportunity for those people to save for their future .

[Colt22]

Just mentioning it as a third-world country isn't enough to make a valid comparison, as living fees for food and the like is higher in some of these countries than the US (Although housing is much cheaper, but food is more expensive than "walmart and pricetag like prices".

Could you give an example? Most of the time housing and food are going to be a lot cheaper  in a third world country than in any first world country, the things that don’t change in price are things like technology and in fact technology can be a lot more expensive since it needs to be imported from other countries where that stuff is built.

In those third world countries where there is a lack of food then n these third world countries you will find food at a high price while in some fertile countries the food is also available with cheap price and in these places we often see the price of land higher.

[krankNL]

Just mentioning it as a third-world country isn't enough to make a valid comparison, as living fees for food and the like is higher in some of these countries than the US (Although housing is much cheaper, but food is more expensive than "walmart and pricetag like prices".

That's correct. Anybody can target retirement with bitcoin investments but the more important thing is where he/she lives. The life conditions and other factors vary in different countries.

[South Park]

Just mentioning it as a third-world country isn't enough to make a valid comparison, as living fees for food and the like is higher in some of these countries than the US (Although housing is much cheaper, but food is more expensive than "walmart and pricetag like prices".

Could you give an example? Most of the time housing and food are going to be a lot cheaper  in a third world country than in any first world country, the things that don’t change in price are things like technology and in fact technology can be a lot more expensive since it needs to be imported from other countries where that stuff is built.

In those third world countries where there is a lack of food then n these third world countries you will find food at a high price while in some fertile countries the food is also available with cheap price and in these places we often see the price of land higher.

Well that could be an example, but if person is retiring and wanting to save money by moving to another country then it will be foolish to move to a country were there is not even enough food to sustain the local population, so by doing your homework you can move very easily to a place where you can keep most of the comfort you get at home for a fraction of the cost.

[erickkyut]

If the positive trends in the market about bitcoin will continue up to 50years, Bitcoin is the best investment for your retirement. If you start investing at a young age, you will have a luxurious and enjoyable retirement in your future.

[darklus123]

You can of course. You should also stay with the trading platform as it can help you a lot more when you retire. If you are then becomes very familiar to trading you can easily rotates your btc during your retirement

[Sadlife]

For me, it's okay to invest your money in bitcoin for your retirement bitcoin nowadays is considered a safe haven for investors cause it was not like back then that it was volatile that the price would drop into very low depths then instantly pump. I suggest you put 15-20% of your daily earning into bitcoin to be able to make 1-2 bitcoins. Right now, bitcoin is still in beta mode and there maybe some bugs but eventually the core devs will solve and we will progress, bitcoin adoptation is starting to rise like the legalization in some countries like Japan and Philippines then from local to online business, bitcoin is now widely used as payment method. So there's noy doubt that this crypto currency will have great future ahead.

[Sithara007]

Unfortunately, I am going to sell at least 75% of my Bitcoins before my retirement. I am really doubtful about the future of Bitcoin, and I want to diversify my investment. It is not a good idea to keep 90% of the investment in a single asset. So I will be selling a part of my Bitcoin holdings, and buying equities and mutual funds using that money.

[ashfakur]

Very cool idea to save bitcoin for retirement . The price of bitcoin increase  rapidly. In the retirement period bitcoin fill your economic  demand . You can easily move on this day if you have lot of money. And bitcoin will arrange for you.