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Author Topic: Wasn't that good to use bitcoin as your lifetime asset?  (Read 3833 times)
krigger
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October 01, 2017, 10:46:53 PM
 #141

As time goes on we will be able to use Bitcoin to buy more and more things, as money is taken out of fiat and put into Bitcoin and cryptos.


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October 02, 2017, 03:46:17 AM
 #142

As time goes on we will be able to use Bitcoin to buy more and more things, as money is taken out of fiat and put into Bitcoin and cryptos.

This kind of plans will be only available if it will be provided by government because obviously virtual money will really affect the entire country since they have different currency. Bitcoins is not yet introduced to every country but i also think that it will be used by everyone in the future.

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October 02, 2017, 10:13:05 AM
 #143

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.
Yes. Bitcoin is good as a lifetime asset, as you can see, it is very expensive. Its rate is in rising state in the long run, even sometimes it goes down, but only for a short time. If you buy btc in your 20s, maybe in 60s it will be multiplied to a great amount based on the pattern of price from the very start. But of course, you shouldn't depend your entire asset in that. It is better to have some assurance in hand because even though we can see a bright future with btc, occurrence of certain event, good or bad is unavoidable.

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October 05, 2017, 03:01:07 AM
 #144

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.

Bitcoin is a good lifetime asset because its getting popular and its value is increasing though there are dips from time to time but after the dip, it will rise again higher than the previous highs. It may be an attractive way to invest on it for retirement but do not just depend on it because we never know what the future will be for bitcoin. Maybe another cryptocurrency would dominate its world or another technology that would be develop that will entice more investors to invest on it.

It would be better to have an alternative income aside from bitcoin like when you are still young, you will start investing on insurance or other investment vehicle that you could rely on in time when you are not able to work anymore. You can also have a business that will be manage by you or some of your trusted people as a source of income also.
You do not have to invest everything in bitcoin if you do not want it, however the temptation to do that is great since there are very few other investments that can give the profits that bitcoin can, just in this year bitcoin went up more than 300%, where can you get those profits? In a bank and their ridiculous 1% or 2% per year? It will take a lifetime to get the same results.
In my country, the profits from save money in bank below 1%, so if I can earn a profits as 50%, I can save my time is 50 years through trade Bitcoin instead of save my money in bank and wait 50 years to have that profits, lol Roll Eyes.
Technically it will be sooner because of the formula of compounding interest, assuming that you reinvest the interests you got from the banks but you are correct overall, banks cannot give to us anything close to what we are earning with bitcoin ,this is why many people are realizing how silly is to have their money in banks and are choosing to invest in bitcoin instead.

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balakang00
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October 07, 2017, 10:47:23 AM
 #145

ofcourse it is, anything with value is a very good instrument as an asset for lifetime. Bitcoins are like money that can be used in the future.

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October 07, 2017, 01:38:22 PM
 #146

I agree to the old goal we can invest in real goods. bitcoin is also a long-term investment but is not suitable for old-age investments because bitcoin may come back as long as there is no interest anymore

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October 07, 2017, 02:09:19 PM
 #147

Bitcoin and other cryptocurrencies that have emerged have several advantages. Firstly they are digital. There is no cash to handle. You do not need vaults, armored cars or any of the other infrastructure that makes handling cash expensive.
Secondly, some cryptocurrencies have features like smart contracts built in, which can be used by people to conduct transactions securely with each other without the need for intermediaries institutional or otherwise.
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October 07, 2017, 03:56:32 PM
 #148

I think it's a good idea to make bitcoin as an investment in old age, because my bitcoin price is more than $ 4500 and that's a good choice.

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October 07, 2017, 04:08:50 PM
 #149

It is really good to use Bitcoin as lifetime asset but totally depending on it is not good as no one can tell about the future of anything so it is better to split the investment and invest it. So that in future if bitcoin is dead then you wont get affected, i know that this wont happen but you should be always safe from all side for your future. This is what i am doing in my life.














 

 

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krisnt80
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October 10, 2017, 12:04:51 PM
 #150

I believe anybody wich invest at bitcoin nowadays will be able to retire in the next 5-15 years from now, bitcoin price wont stop grow over time, and the next years we will have some halvings wich will make price to double if not more, besides those the legalization worldwide may happen making the demand to raise a lot. People wich had invested at bitcoin after 2015 were able to make decent profits on the last years, something they wouldnt be able to get if havent invested into bitcoin, fiat returns are very slow and far away from crypto results.

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October 10, 2017, 12:36:06 PM
 #151

It's looking like it. It's just getting more valuable over time, and it seems the world is starting to warm up to it. It still would not be smart to put everything you own into Bitcoins though. It's decentralized, so if something happens to make the value plummet, you would have zero insurance and no safety net.
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October 10, 2017, 12:40:49 PM
 #152

Bitcoin is a very good asset that will provide us with an independent financial future. If we have a lot of coins, then we may not need a pension and it can be sent to charity.

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October 13, 2017, 05:51:10 PM
 #153

Bitcoin is a very good investment for the future as its price seems keep increasing and there is still a lot of potential will develop or growing and affect the value of Bitcoin to become stronger, but there are many things still doubtful in this industry so you can investing but don’t put everything in this industry but divide it into other investments.

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October 13, 2017, 05:51:56 PM
 #154

Bitcoin is a very risky asset for long-term investment. Nobody knows what will be of bitcoin in a year and whether it will exist at all. Now a very good situation to be like this always. I think the rejection of the basic work in favour of bitcoin is a very bad idea. You may be left without means of livelihood when you're old and can't work.

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October 13, 2017, 05:52:47 PM
 #155

Bitcoin price shows a very drastic fluctuation or in other words it’s still very volatile and will continue to change at any time. I don’t think Bitcoin is the right choice for a very long term investment because it won’t benefit you and high possibility you will experience great loss from the investment because the bitcoin price has reached $ 4800 per 1 bitcoin , and it’ll be very difficult to get a large margin of profits if you’re just starting in investing, unless you already have bitcoin first. So if you want to invest, please set aside some 'wasteable' money so your financial won’t be troubled.

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October 13, 2017, 05:55:30 PM
 #156

I agree to the old goal we can invest in real goods. bitcoin is also a long-term investment but is not suitable for old-age investments because bitcoin may come back as long as there is no interest anymore

If different countries of the world  make it clear that they do accept btc then it can be added in portfolio of every individual just like those who deal in stocks , same will go for btc . Currently only risk takes are buying because many countries do not have clear stand. Once it gets a nod the adoption rate would rise significant.


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October 13, 2017, 05:56:30 PM
 #157

This depends on your age, if you are almost in old age of then maybe this is a good investment for you when you retired because you won’t have to wait long but if you are young and want to make Bitcoin as a long-term investment until you retire then you have to re-think whether the glory of Bitcoin will be last long.

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October 13, 2017, 05:59:06 PM
 #158

making Bitcoin as a very long-term asset is a risky thing and I think it's an unwise act because Bitcoin is unstable and also it won’t be in its glory forever because it’s not impossible for something better will replace its position in future. remember when some countries forbid the use of Bitcoin. it possible many countries will release their own digital currency. You’d better prepare your next investment plan before Bitcoin falls and vanish.

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October 23, 2017, 12:13:44 PM
 #159

although i patronized bitcoins as of the moment but i cannot totally say that is safe to make it a lifetime asset since bitcoin is unstable. for now the bitcoins price was kept on rising but no one can assure that it will stay that way for a long run.

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October 23, 2017, 01:29:17 PM
 #160

although i patronized bitcoins as of the moment but i cannot totally say that is safe to make it a lifetime asset since bitcoin is unstable. for now the bitcoins price was kept on rising but no one can assure that it will stay that way for a long run.
there will be time for dump and pumps depending on situations, like when China bans it ,it dumps too low, when corrections will occur it increases. But for sure btc is good for long term investment,it wil recover in every dumps.

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