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Author Topic: Wasn't that good to use bitcoin as your lifetime asset?  (Read 3836 times)
bahandhi0508
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August 06, 2017, 10:51:23 PM
 #1

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.
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August 06, 2017, 11:04:34 PM
 #2

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

To give you a sort of advice particularly you are newbie here I guess most of the information might be helpful. I wanted to open up a better opportunity which you can appreciate well, so making bitcoin as a lifetime digital assets is a trusted and reliable investments for your pension or whatsoever you have and before reaching that time of getting old in the future; start investing now and hold a bitcoin value in your wallet.

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August 06, 2017, 11:08:09 PM
 #3

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

If you are planning to make bitcoin a digital asset, it is good because every year it's price and value are making a huge pump. If you will be looking at the price chart of 2016 and you compare it to the price of these year, you can see a huge price increase.

I think it will depend on your age now and how much are your bitcoins that you are planning to hold? I think if you will be holding 100 bitcoins and set it still for 20 years, I think that is worth it.


 
 
 
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August 06, 2017, 11:22:37 PM
 #4

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

Welcome to the forum and to the crypto market. I will yes, it is a good lifetime asset, it is growing without any taxation. The investment you can even make can be little but the profit can be 200% depending on how much the value of bitcoin will grow. This is now the new gold on this era, so don't hesitate to hold and invest to bitcoin.

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August 07, 2017, 12:04:31 AM
 #5

Bitcoin is a very good investment for the future as you can see the price is keep on rising and there are still so many potential and implementation that can make the price go higher, but there are a lot of uncertainty in crypto currencies, so you can invest in crypto but don't invest all of your wealth in crypto, split it to other investment

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August 07, 2017, 12:33:24 AM
 #6

You're going on my ignore list,  since you're a noob who can't speak the language and asks unintelligible questions.

Save bitcoin for your geriatric years at your own peril.  You probably don't understand that,  but what I'm saying is don't buy only btc for your retirement.  It's an unstable asset that hasn't proved itself in the long term.   Go with stocks and bonds as well, and diversify.  Bitcoin is great right now, but 30 years from now, who knows.
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August 07, 2017, 01:01:40 AM
 #7

You're going on my ignore list,  since you're a noob who can't speak the language and asks unintelligible questions.

Save bitcoin for your geriatric years at your own peril.  You probably don't understand that,  but what I'm saying is don't buy only btc for your retirement.  It's an unstable asset that hasn't proved itself in the long term.   Go with stocks and bonds as well, and diversify.  Bitcoin is great right now, but 30 years from now, who knows.

Yes he will probably ignore your advise like he will ignore any other advices given here. In one moment this kind of threads are becoming spam threads, and any advice given about stopping the same is overlooked, other member continue to spread the spam without noticing previous posts.
Bitcoin and lifetime assets in same sentence are used too many times in this forum, who invested a lot in past years now can harvest a good profit or wait for more. Even then investing in bitcoin was a risk, but people risked and succeeded, now risk is the same but bitcoin is more expensive. That is a fact and lets stop repeating each other. Some people at least try to add something new but maybe 80% of comments are short copies of other comments!

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August 07, 2017, 02:25:43 AM
 #8

You're going on my ignore list,  since you're a noob who can't speak the language and asks unintelligible questions.

Save bitcoin for your geriatric years at your own peril.  You probably don't understand that,  but what I'm saying is don't buy only btc for your retirement.  It's an unstable asset that hasn't proved itself in the long term.   Go with stocks and bonds as well, and diversify.  Bitcoin is great right now, but 30 years from now, who knows.

Anything can possibly happen so making bitcoin as the ONLY lifetime asset is still not an assurance that you will have a secure future ahead. What's better is to diversify maybe in bonds and stocks and if you can build a business which is related to your interest then it would be also good which you can still pass to your children and grandchildren. Bitcoin maybe an ideal investment for now because of its huge price but still it's always better to have a back up plan. Do not put all your eggs in one basket as what they say.

..C..
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........Finally C is .........
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abayan
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August 07, 2017, 02:32:42 AM
 #9

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.
We are not so sure if it will last ulor you may say that it will be your digital in the future . So its better for you to invest not only in bitcoins if you want assure your future life like a pension you need to have some passive income business .Spread your money do not stay in bitcoins only the market is so volatile .



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August 07, 2017, 02:41:45 AM
 #10

You are here talking about the future -- your future -- and if you can invest with Bitcoin and rely on it when you are old enough like you are already 60 and hoping that Bitcoin can be your pension program.

The answer is that YES it is quite possible. Maybe you have heard of stories of people who invested some money with Bitcoin in 2009 or 2010 and they are now multi-millionaires because Bitcoin multiplied in value astronomically.

You can do the same but since this is like the government project you must understand that here nothing is really guaranteed. What can happen with Bitcoin years from now is not assured...anything can happen both good and bad.

Now having said that, I am encouraging you to put some of your money in Bitcoin and just hold it as I am sure that the value will really rise. But do not put your baskets in one egg...err...I mean your eggs in one basket. That's all, folks!

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August 07, 2017, 03:02:00 AM
 #11

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

I personally think that it is a really good investment for the future. I actually plan to keep my earnings for now. It will serve as an investment for me even though I am still studying so that when I reach the age of 25, I can already reap the profit due to the increase in bitcoin price. I surely hope that it will be huge by that time.

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August 07, 2017, 03:36:25 AM
 #12

it is not good as your "only" asset, pension or ...
maybe i am way too careful when it comes to money but i prefer to diversify and create a better (stronger) financial security for myself even if it means less profit.
obviously if i had gone all in back in 2015 and when price was $200 i had a fortune by now but at the same time i would have died at least 30 times until today when price tanks because of FUD.
but since my investment is reasonable based on my pocket, when price goes down my head is clear and instead i laugh at those who panic sell and also i buy in those dips.

the result is a less stressful life while still making a very good profit.

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August 07, 2017, 03:45:57 AM
 #13

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

That is rather too far future you are talking here, mate. I cannot even be sure if Bitcoin is still alive by that time. At most, I am thinking of Bitcoin as an asset in a decade. That is the maximum even. But we'll definitely know for sure halfway there if Bitcoin is still healthy as an investment.

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August 07, 2017, 02:31:28 PM
 #14

Bitcoin price is very volatile and it keeps on changing every time. Bitcoin as a lifetime asset is not a good idea because it will not help you to earn consistent income and there is a possibility that you can easily lose a lot of money from your investment so i think it is just better to only leave the amount of money that you can afford to lose.

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August 07, 2017, 03:02:51 PM
 #15

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

It should be considered as a supplement to any investment you have. So let's say you are still paying contributions for your pension later, it would be unwise to stop that and put it all on bitcoins.

As many here as put it, it is volatile, it is great for making a quick profit if you are great at timing purchases but that very volatility could mean you could suddenly lose your money.

Also, technology evolves quickly, how are we to know if bitcoin would still be relevant five years from now? A lot can change quickly. "Don't put all your eggs in one basket" said the cliche.

..C..
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........Finally C is .........
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August 07, 2017, 03:43:43 PM
 #16

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

I have seen many people talking about "Bitcoin as Retirement Plan"

To be honest this very much like dooms day preparation. I don't see it that way as bitcoin is digitally backed up with no regulations. The decentralisation of bitcoin, which we take advantage of today may turn out to be negative side of bitcoin. Future may be different, there may be no currency at all but digital circulation of information. Who knows we may not need money after fifty years from now.

Let's not get that much speculative about it but even though retirement with bitcoin seems to be far fetched as I or you don't know the fate of bitcoin. The price that we see is today, but who knows it after fifty years from now.

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August 07, 2017, 05:31:23 PM
 #17

Bitcoin can be a good long term investment. Almost everyday you will see post saying buy and hold meaning the price today is not yet the most it can give. It can still grow more. But as an investment and retirement plan, I will not bank all of it on bitcoin. I will have other investments and plans for my retirement. Bitcoin is very risky and having a plan B is a good idea.

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August 07, 2017, 07:12:13 PM
 #18

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

I have seen many people talking about "Bitcoin as Retirement Plan"

To be honest this very much like dooms day preparation. I don't see it that way as bitcoin is digitally backed up with no regulations. The decentralisation of bitcoin, which we take advantage of today may turn out to be negative side of bitcoin. Future may be different, there may be no currency at all but digital circulation of information. Who knows we may not need money after fifty years from now.

Let's not get that much speculative about it but even though retirement with bitcoin seems to be far fetched as I or you don't know the fate of bitcoin. The price that we see is today, but who knows it after fifty years from now.

Cold hard truth.
Unless the world will crown bitcoin as one of the monetary reserve then it is not good to use this as a last resort when we get old and for example you have 100 btc that worth 100 thousand dollars each that worth today, and you almost put your life storing that amount of btc and if something happens, BTC will drop price to 1k dollars making you losing everything and regret your whole life, The technology keeps improving so the security of BTC if it is not improved will fall on the next years. Its always better to diversify your funds and investment in crypto and real world assets.

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mobilestrike
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August 07, 2017, 11:30:07 PM
 #19

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

I have seen many people talking about "Bitcoin as Retirement Plan"

To be honest this very much like dooms day preparation. I don't see it that way as bitcoin is digitally backed up with no regulations. The decentralisation of bitcoin, which we take advantage of today may turn out to be negative side of bitcoin. Future may be different, there may be no currency at all but digital circulation of information. Who knows we may not need money after fifty years from now.

Let's not get that much speculative about it but even though retirement with bitcoin seems to be far fetched as I or you don't know the fate of bitcoin. The price that we see is today, but who knows it after fifty years from now.
Though we do not know the exact future of digital currencies including bitcoins but on the basis of past, we can predict the future of bitcoins. I see them as the international legal currency in the next fifty years and I think bitcoins are great investment plan after retirement. Decentralization has made us get rid of third part involvement in transactions. In short, bitcoins have a secure future.

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August 08, 2017, 12:30:38 AM
 #20

Holding your bitcoin for a lifetime asset is quite not a good decision the ideal time to hold of bitcoin is maybe 5 to 10 years. Bitcoin is still dominant crypto currency in the market today but once you are on the top someone will pull you down to take your place and this could might happen to bitcoin. So to be safe just diversify your bitcoin earnings to other portfolio like bonds and stocks.Holding bitcoin for too long would lead to scarcity to supply chain and will cause higher transaction fee to sustain the blockchain supporters like mining pools.

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