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Author Topic: Wasn't that good to use bitcoin as your lifetime asset?  (Read 3826 times)
wantjokull
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August 18, 2017, 06:34:42 PM
 #81

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.

Making retirement plans with bitcoin is very cool idea but seems to far fetched. There may be different scenario than the current one so we must take care before investing or relying on bitcoin in terms of future. Bitcoin is doing just great today with price of 4.2K USD and we are feeling rich already with it. But making it part of your retirement plan is like very hard to digest as we don't know what would be price of bitcoin in the future or does it will exist at that time or not. What if government changes the rules and ban crypto currencies completely. That would be real chaos and hence investment must be made very neatly.



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August 19, 2017, 04:22:40 AM
 #82

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.
There is no harm in treating bitcoins as lifetime asset. Lifetime asset does not mean that keep bitcoins in wallets till you die or are on wheelchair, it simply means that don’t waste bitcoins. It is worth keeping bitcoins in your wallets all the time because they can make you rich anytime. All our assets that are for lifetime, we do use them but with care and take care of them.

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August 19, 2017, 04:45:55 AM
 #83

Bitcoin is a good asset obviously and it still in the beginning of development.
Normally, bitcoin should gain more value over time as it is valuable currency and has limited supply.
Bitcoin has growing from nothing to over $4000 right now, so it's already proven as good investment for the future.
The problem is, we don't know what exactly will happen in the future, whether bitcoin would survive and reach $100K or crash and doesn't has value again. But, I believe in bitcoin, so I prefer to saving bitcoin as much as I can for my future, and divide my investment into several assets such as gold, buy lands and make some business.

futuret
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August 19, 2017, 06:18:04 PM
 #84

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.
nice elaboration mates I really appreciate your thoughts, after several has failed in it as like hard for bitcoin users but you believe that bitcoin is reliable and a very valuable investment ,bitcoin is the best digital currency that will continue to grow more and more an when you will be retire in the future then you will be able to use bitcoin as a source of income so bitcoin is the best currency today and will be best forever.   

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August 19, 2017, 06:41:22 PM
 #85

bitcoin is not a good to be lifetime asset because it's not stable because of its volatility and btc was famous because of that. and also bitcoin wouldn't be there forever because there will be always better than it. remember that some country banning bitcoin. also don't be dependent on your bitcoin because anytime it could disappear much better if you put your investment on something worth it like property or gold.

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August 19, 2017, 06:59:11 PM
 #86

bitcoin is not a good to be lifetime asset because it's not stable because of its volatility and btc was famous because of that. and also bitcoin wouldn't be there forever because there will be always better than it. remember that some country banning bitcoin. also don't be dependent on your bitcoin because anytime it could disappear much better if you put your investment on something worth it like property or gold.

Well, yes and no. Bitcoin is volatile but if you watch the market closely you will know when is time to sale and convert it to fiat and save it that way. You have to act proactive and dynamic. But I think the same thing is with every kind of investment because everything changes with time. At the moment in short period of time with Bitcoin you can create the amount of lifetime asset that it's not possible with every other investment.

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August 19, 2017, 07:22:52 PM
 #87

For me if Bitcoin will have a good future then it will be better than any kind of pension because the growth of it is unbelievable and if this continued I will assume that anyone who invested even at this price range will have a good life, as long as they us the money they earned to build a bisiness or another kind of investment. Because investing on Bitcoin alone is not a clever idea for you to make.

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August 20, 2017, 12:02:06 PM
 #88

Bitcoin is a good asset obviously and it still in the beginning of development.
Normally, bitcoin should gain more value over time as it is valuable currency and has limited supply.
Bitcoin has growing from nothing to over $4000 right now, so it's already proven as good investment for the future.
The problem is, we don't know what exactly will happen in the future, whether bitcoin would survive and reach $100K or crash and doesn't has value again. But, I believe in bitcoin, so I prefer to saving bitcoin as much as I can for my future, and divide my investment into several assets such as gold, buy lands and make some business.
it is not a bad decision today as the value and the rates of the bitcoin is keep on increasing but the things related to the bitcoin are not so sure and certain that what will happen to it the next day  as it is happening and will happen the price will increase more and more then you will make good income but it will not happen then you will loss so the future of the bitcoin is unpredictable you can earn but at the same time you can loss as well bitcoin has high potential you need to manage it in right direction.

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August 25, 2017, 09:29:53 PM
 #89

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
This is why it is important to start to save right now, in the future not many people are going to be able to retire since pensions are going to become unpayable so you need a backup plan and bitcoin fills that bill perfectly since it is a currency constantly gaining value way above what any other investment in the world can give you, I will not be surprised if bitcoin was worth 10 to 20 times its current value in the next 20 years.

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August 26, 2017, 01:32:04 AM
 #90

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.
I think that bitcoin is not that stable and it is unpredictable to be used by someone as an asset for them for life. I mean it can be somehow a help for anyone for it to be their extra income because you could really earn a lot but we all know that it is unpredictable most of the times and it is not that well to be a support for living.

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August 26, 2017, 02:57:52 AM
 #91

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 a good long term investment because its price is increasing year by year and your investment today might be 5x or 10x in the future when you retire but it is also advisable to diversify your investment because we don't know for sure what's the future of bitcoin. To reduce the risk, you can put your remaining money in other investment opportunities if possible not related to cryptocurrency.

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August 26, 2017, 03:00:52 AM
 #92

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 a good long term investment because its price is increasing year by year and your investment today might be 5x or 10x in the future when you retire but it is also advisable to diversify your investment because we don't know for sure what's the future of bitcoin. To reduce the risk, you can put your remaining money in other investment opportunities if possible not related to cryptocurrency.
If you have an investment asset immediately stop and sell just transfer all your investment assets to Bitcoin because the opportunity to profit is very huge. If not then you will regret in the future
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August 26, 2017, 03:31:49 AM
 #93

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.
Maybe if I am already old, my eyes can had a hard time to look in my gadget. I think it will hard for me to identify how much bitcoin I have already. Hahahaha! But bitcoin is great if we still have it until we reach 60 years old, but I don't think bitcoin will detect how age we are. And bitcoiners can fake their age online. It is easy for them/us to fake an account and change our age to get a pension.



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Rainbot
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August 26, 2017, 03:37:57 AM
 #94

If you have earned many or thounsands of bitcoins after 3-5 years you will become a millionaire i think in the age of 30-35 years old you dont need your current job you can resign and retire yourself in some resort you own or travel around the world. Also you can male bitcoin your current job the money your earn in bitcoining depends on you whether it's trading, mining, programming it will all depend on your methods in order to make good profot that will surpass the minimum wage of your current job.






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August 26, 2017, 03:58:18 AM
 #95

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 a good long term investment because its price is increasing year by year and your investment today might be 5x or 10x in the future when you retire but it is also advisable to diversify your investment because we don't know for sure what's the future of bitcoin. To reduce the risk, you can put your remaining money in other investment opportunities if possible not related to cryptocurrency.
If you have an investment asset immediately stop and sell just transfer all your investment assets to Bitcoin because the opportunity to profit is very huge. If not then you will regret in the future

Yes absolutely right. Profit chances in bitcoin investment will increase in future and the reason behind that is the way bitcoin price is increasing and the stats are now started adapting the bitcoin which will be a major plus point if you invest in bitcoin now. And when you compare your earning in bitcoin with your savings you will definitely see the difference.

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August 26, 2017, 05:35:41 AM
 #96

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, bitcoin is a good lifetime assets. The more you buy it and save more of it, you also increase you investment assets here. Aside from the other coins were you are planning to buy it then hold in a long term like what you are going to do holding your bitcoin too.


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August 29, 2017, 10:49:06 PM
 #97

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.

Making retirement plans with bitcoin is very cool idea but seems to far fetched. There may be different scenario than the current one so we must take care before investing or relying on bitcoin in terms of future. Bitcoin is doing just great today with price of 4.2K USD and we are feeling rich already with it. But making it part of your retirement plan is like very hard to digest as we don't know what would be price of bitcoin in the future or does it will exist at that time or not. What if government changes the rules and ban crypto currencies completely. That would be real chaos and hence investment must be made very neatly.
I do not see the issue with making bitcoin part of your retirement plan, I know that the price of bitcoin can be very volatile but that is only going to affect you if you are very old and you need to cash out when the price is low, but if you are young, and the bitcoin demographic seems to indicate that the average bitcoin user is a male between 20 to 40, then you have a lot of time to recover if the price of bitcoin is stagnant for some time.

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September 01, 2017, 11:09:12 AM
 #98

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 depends on the life of bitcoins but probably bitcoin will be good enough for many more years. So yes, bitcoin could be a good asset for lifetime. You can get a good profit daily even compared to pension. If you purchase some good amount of bitcoins and invest it on a good investment site giving some good daily return then you are surely going to have a good profit as compared to pension. Bitcoin is already been proven profitable and can really give good profit if properly utilised.



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 ANN  BOUNTY  SONOHUB  eSPORTS  WEBWALLET 
prtty2gal2
Hero Member
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Activity: 700



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September 01, 2017, 12:27:23 PM
 #99

If you have earned many or thounsands of bitcoins after 3-5 years you will become a millionaire i think in the age of 30-35 years old you dont need your current job you can resign and retire yourself in some resort you own or travel around the world. Also you can male bitcoin your current job the money your earn in bitcoining depends on you whether it's trading, mining, programming it will all depend on your methods in order to make good profot that will surpass the minimum wage of your current job.
Bitcoin is already been made a full time job by many people. If you can really quite your job and give your whole time in bitcoin then surely you can earn a good amount as compared to your job. If you have a good amount of bitcoins then for sure in future you are going to be rich enough that you will not even need your pension. At the age of 60, if you continue from now you will be a good bitcoiner and you can earn a really good profit even if you are over aged. Bitcoin earning does not require any age for earning them instead just the good knowledge can make you earn a good amount daily.


 
 
 
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Quidat
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September 01, 2017, 12:55:40 PM
 #100

If you have earned many or thounsands of bitcoins after 3-5 years you will become a millionaire i think in the age of 30-35 years old you dont need your current job you can resign and retire yourself in some resort you own or travel around the world. Also you can male bitcoin your current job the money your earn in bitcoining depends on you whether it's trading, mining, programming it will all depend on your methods in order to make good profot that will surpass the minimum wage of your current job.
Bitcoin is already been made a full time job by many people. If you can really quite your job and give your whole time in bitcoin then surely you can earn a good amount as compared to your job. If you have a good amount of bitcoins then for sure in future you are going to be rich enough that you will not even need your pension. At the age of 60, if you continue from now you will be a good bitcoiner and you can earn a really good profit even if you are over aged. Bitcoin earning does not require any age for earning them instead just the good knowledge can make you earn a good amount daily.

Its really good to hear of regarding on this matter but relying too much on bitcoin would really be hard. We cant still say that this thing would last forever on which we would really decide to go full time with it and do depend our living on it.Theres no assurance on how many years it would last even though we do see its progress and success as of now but the chances of crash or lost of interest of people would really be always there.Theres no lifetime things on this world.

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