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Author Topic: Wasn't that good to use bitcoin as your lifetime asset?  (Read 3833 times)
Supreemo
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August 16, 2017, 07:05:47 AM
 #61

,why not? maybe its not only me thinking that bitcoin can be a good investment for a long term purpose. for me i am making bitcoin as an investment for long term, because i don't know what may even happen for the next years and i see such a great potential in bitcoin which also convince me to put some amount as my savings and leave it for a moment, who knows maybe someday it would be helpful asset.

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August 16, 2017, 10:38:11 AM
 #62

,why not? maybe its not only me thinking that bitcoin can be a good investment for a long term purpose. for me i am making bitcoin as an investment for long term, because i don't know what may even happen for the next years and i see such a great potential in bitcoin which also convince me to put some amount as my savings and leave it for a moment, who knows maybe someday it would be helpful asset.
Bitcoin is already a helpful asset for most of the investors because it already gave them profits to enjoy by just believing in bitcoin and investing for long term also, if you are just starting in bitcoin then do not be afraid to put some money in it because if you are really into long term then i can say that you are in a safe investment vehicle.

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August 16, 2017, 11:05:55 AM
 #63

,why not? maybe its not only me thinking that bitcoin can be a good investment for a long term purpose. for me i am making bitcoin as an investment for long term, because i don't know what may even happen for the next years and i see such a great potential in bitcoin which also convince me to put some amount as my savings and leave it for a moment, who knows maybe someday it would be helpful asset.
Bitcoin is already a helpful asset for most of the investors because it already gave them profits to enjoy by just believing in bitcoin and investing for long term also, if you are just starting in bitcoin then do not be afraid to put some money in it because if you are really into long term then i can say that you are in a safe investment vehicle.
Yes bitcoin is a good and profitable investment that we've been seen in its price history. Its very worth it that bitcoin become a long term investment because there are many people who are investing in bitcoin that may give a big effect in its market even there are a lot of people who didn't know about bitcoins but I'm sure when they know it they become also an investors in the future that helps the bitcoin community to earn a big profit.

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August 16, 2017, 11:14:42 AM
 #64

Indeed, the one who invests in Bitcoin today will look back in 20 years and know it was the best asset they ever bought. Smiley

Sure it is.
Having bitcoin and for the future is the best asset but if you wanna be sure you can also invest in real estate or putting up a venture. In this way we can assure our future as well as our family. Better to have back up plan than ends in nothing.

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August 16, 2017, 11:24:41 AM
 #65

Indeed, the one who invests in Bitcoin today will look back in 20 years and know it was the best asset they ever bought. Smiley

Sure it is.
Having bitcoin and for the future is the best asset but if you wanna be sure you can also invest in real estate or putting up a venture. In this way we can assure our future as well as our family. Better to have back up plan than ends in nothing.

There are real estates ICo that are worth investing since they offer a ownership when developed. Though their still risk since we dont if it will be successful or not. Having your own apartment pr commercial establishments in real life is good too if already have enough btc to fund the construction.

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August 16, 2017, 11:24:58 AM
 #66

Bitcoin is a wonderful saving for your future. I plan to save as many coins as possible so that in my old age I do not have to worry about my financial situation and be able to provide for my children.

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August 16, 2017, 12:15:29 PM
 #67

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 it is considered for me a lifetime digital assets. So, as long as you are capable to buy bitcoin,  I guess you better do it now as much as you can afford to buy more of it. For sure when you turn 60 years of age, you have a big amount of savings that you did in your entire life. Cheesy




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August 16, 2017, 12:22:18 PM
 #68

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 digital asset for the future just as you said but my advice to you is to divide your savings into two you can invest 50% in bitcoin and 50% in physical assets this will enable you to have two options of investments, bitcoin is getting more attention and  more countries are adopting it daily with makes it to be a perfect future investment.

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August 16, 2017, 01:01:22 PM
 #69

,why not? maybe its not only me thinking that bitcoin can be a good investment for a long term purpose. for me i am making bitcoin as an investment for long term, because i don't know what may even happen for the next years and i see such a great potential in bitcoin which also convince me to put some amount as my savings and leave it for a moment, who knows maybe someday it would be helpful asset.
Bitcoin is already a helpful asset for most of the investors because it already gave them profits to enjoy by just believing in bitcoin and investing for long term also, if you are just starting in bitcoin then do not be afraid to put some money in it because if you are really into long term then i can say that you are in a safe investment vehicle.

To me it's a part of my assets that I hold till I can retire. It's not the biggest area of my investments, and I do not think it will ever be.
I think its important to diversify. There are investments that have proven to keep their value over a long time.
And there are others who promise a big profit. Bitcoin is one of those to me. But if it actually can keep that promise over a long time, nobody knows.
That's why my engagement with bitcoin is solid, but not exaggerated

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August 16, 2017, 09:38:31 PM
 #70

Nope. For few reasons.

1. Nobody can tell you what will happens with BTC and other cryptos in 20-30 years. Just look 20-30 years back and the technology now.
2. When quantum computers become publicly available, 100 qbit quantum will be able to crack any private key with a blink. The protocol and security measures will need to be changed in advance.
I don’t support the idea of using Bitcoin as a lifetime asset. There are much better things to do than that. You shouldn’t even risk your pension like that. First is that if you have all your money invested into Bitcoin, there is no way you can live life, because you need real money to do whatever you have to do, bitcoin is not accepted for some regular things you will need.


 
 
 
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August 17, 2017, 04:28:26 AM
 #71

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 still consider myself as new to bitcoin despite of I have this rank. About your question, I think YES bitcoin is a good asset but I can't consider it as a pension since when we say pension we receive it after we retired but if we retire on bitcoin there will be no pension. You/ we still need to work for it. But Bitcoin is much easier than the common jobs out there so even we age, it is not very difficult for us to do bitcoin. We are not required to do hard things. If you're just joining campaign even you age your english skill is tested and your mind always work because you always think to answer forums.

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August 17, 2017, 05:22:06 AM
 #72

Everyone has right to respond to bitcoin and in my opinion bitcoin can be said to be valuable asset, therefore we should be able to use business opportunities from bitcoin, any business opportunity created from bitcoin can be used as source of income, and in bitcoin there is no pension Everyone has freedom to do bitcoin activity well regardless of age or other rules.

   
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August 17, 2017, 05:25:36 AM
 #73

For me, it is good to consider bitcoin as an asset but      i don't know if it it is good to consider bitcoin as an asset for a lifetime. Bitcoin's price is unstable that you need to monitor in order for you to get a profit. We doesn't know also what will be bitcoin after 10years. Unlike when you have a stable job and when you reach your retirement age there is a certain and particular amount that the company needs to pay you. In bitcoin, you can only get profit and need to work hard before you can earn that.

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August 17, 2017, 01:29:44 PM
 #74

For me, it is good to consider bitcoin as an asset but      i don't know if it it is good to consider bitcoin as an asset for a lifetime. Bitcoin's price is unstable that you need to monitor in order for you to get a profit. We doesn't know also what will be bitcoin after 10years. Unlike when you have a stable job and when you reach your retirement age there is a certain and particular amount that the company needs to pay you. In bitcoin, you can only get profit and need to work hard before you can earn that.
That is right that we should not make bitcoin as a long time asset because the price of bitcoin is not stable so there is a chance to lose our money if we will just let bitcoin stay in our wallet for a long time and treat it as an investment for long time because how can bitcoin give us consistent profit if its price is not stable and more likely to go up and down.

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August 17, 2017, 04:54:13 PM
 #75

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's a big no sir. We should not be dependent on what can bitcoin provide but rather find a stable job. This stable job will serves as your primary means of income and bitcoin will be an additional. But since you are talking about retirement, I can say that if I were you, I will be more concern on my family because our child has already have a work at that time.   

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August 17, 2017, 05:02:53 PM
 #76

Nobody knows what will happen to the bitcoin through such a long time. I think that it is very risky to invest in bitcoin for retirement. It is much better to spend bitcoin right now and live well. This will allow you to live longer and have hope in the fact that you do need a pension.

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August 17, 2017, 05:06:36 PM
 #77

Nobody knows what will happen to the bitcoin through such a long time. I think that it is very risky to invest in bitcoin for retirement. It is much better to spend bitcoin right now and live well. This will allow you to live longer and have hope in the fact that you do need a pension.

Instead of spending bitcoin now, I would suggest that hold on to bitcoin for some months. This will allow you to know more clear picture as currently few developing countries are in process of legalizing the bitcoin and if it happens the demand and mass adoption rate will go high and thus price will rise to great extent. Thus holding the coin now will yield you a huge profit in some months from now itself.

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August 17, 2017, 05:11:46 PM
 #78

I will advise you to really look at bitcoin as a future investment assets and money. You should know that bitcoin is a digital assets and holding it now will make you a million in future. Hold as security for you future is also very  good thing to do because in future bitcoin and others cryptocurrency will become the only financial assets that will have significant values.


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SirLancelot
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August 17, 2017, 06:16:45 PM
 #79

,why not? maybe its not only me thinking that bitcoin can be a good investment for a long term purpose. for me i am making bitcoin as an investment for long term, because i don't know what may even happen for the next years and i see such a great potential in bitcoin which also convince me to put some amount as my savings and leave it for a moment, who knows maybe someday it would be helpful asset.
Bitcoin is already a helpful asset for most of the investors because it already gave them profits to enjoy by just believing in bitcoin and investing for long term also, if you are just starting in bitcoin then do not be afraid to put some money in it because if you are really into long term then i can say that you are in a safe investment vehicle.

To me it's a part of my assets that I hold till I can retire. It's not the biggest area of my investments, and I do not think it will ever be.
I think its important to diversify. There are investments that have proven to keep their value over a long time.
And there are others who promise a big profit. Bitcoin is one of those to me. But if it actually can keep that promise over a long time, nobody knows.
That's why my engagement with bitcoin is solid, but not exaggerated
You are quite cautious and conscious about your investments. It is good that you have invested into multiple things to ensure a secure future and I believe after some years, bitcoins will be on the top of your list. They are definitely so promising about huge profits. I am also treating bitcoins as an asset.


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August 17, 2017, 07:47:26 PM
 #80

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 think you can use bitcoin as an additional account to save for your retirement, however like with anything you need to observe the market, you cannot rely on someone else advice when it comes to this things, you need to look at bitcoin, understand it and come to your own conclusions, but when I see some tech giants saying that bitcoin is here to stay I cannot think otherwise.

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