Bitcoin and retirement - how do you see your future?

[Riddikulo]

Bitcoin is mainly a long-term investment, and it is surely helping to get better retirement, because its price is expected to rise highly during the next years and decades. But I prefer investing in many cryptocurrencies instead of putting all the eggs on the BTC basket, that's more profitable in the long run.

if we able and dare to take risk in bitcoin investment for long term, maybe this is correct portofolio for us.and saving our money into several place could be best way to avoid suffering big loss.

If you want to save a lot of money in Bitcoins or other cryptocurrencies, you should better share the personal data with your relatives or close people. We never know what can happen to us tomorrow or even today.

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[serizawa]

great idea for future savings ...
not bad if we invest into 4 coins like bitcoin, ethereum, ripple and bitcoin cash it doesn't feel heavy for the economy if we invest just $ 10 per month

[fasdorcas]

This is exactly what I am working towards. Not "retirement" like I can collect money from the bank savings I have but I am trying to build a set of business' that will yield me profit even if I do not work and that income would help me not work at all.

Now I know if you have just one that may be a problem because in the end you will face some troubles with it or it won't make that much for the next 50 years but if you diversify that income that means you can make a good return and not have to worry it won't come. From bank savings to crypto to real estate to gold to some other stuff, I keep investing on different stuff and trying to work my way into making all of that bigger and bigger.

For example my idea of a good investment in crypto that I will stop is having a dash masternode, I know dash may go up or down in price a lot more than the interest it pays but at least that is a good way to make sure you have a lot of money "just in case". That type of stuff plus fiat investments at the same logic will help me retire early, it looks like impossible right now but I will work towards it.

[SirLancelot]

If we are investing our money in cryptocurrency with purpose for our pension, better choosing a safe cryptocurrency with biggest liquidity and biggest transaction volumen. Its describe that the coin is having good investor and profitable in the future

maybe bitcoin could be the best choice for this purpose.bitcoin price year by year shows good growth.and if its implemented and mass adopted its price could rise again extremely.

if we talking about pension purpose,maybe we talking about long term investment.at least our portofolio could give us huge profits.and maybe bitcoin suitable for this type.

Retired people have more free time. From this point of view, they can become traders and even make much money on this business. However, I do not think, too many people will show their desire to deal with the cryptos.

Even if you keep on investing the little you have in the cryptocurrency along the period of your regular job, a day will come when you would have a big portfolio with its value replicated several times when you retire. So in addition of your retirement pension, you would be lucky enough to cash and use the value that has been added as profit to your portfolio along the course of investment. This is any how a good plan not only for those who is near to retirement.

[shadyrifles]

I came across a very nice experiment of one of my compatriots. He started to put up around $ 50 a month for pension. I will add that pensions in my country are low.

Description of the experiment:

"What is going on?
One of my many areas of interest are cryptocurrencies. There is a good chance that you have heard about bitcoin. A smaller chance that you know litecoin or dogecoin. If you want to know the technical side or economic cryptocurrency - use google. For the needs of my retirement, it is enough to know that cryptocurrencies act as cash in a modern version. They have their value (they are listed on the stock exchanges, they have their course), they can be safely stored, they can be sent immediately to any distance, practically free of charge and - with a little effort - they are anonymous. And they are today at the initial stage of development. Everyone who touches them is still an early employer, and this means that - with a high probability - a long-term investment in cryptocurrencies will be very profitable. I chose 4 cryptocurrencies for my retirement basket and gave them percentages indicating their presence in the basket. When making my choice, I based my own - already several years - experience in the cryptocurrency industry, the capitalization value of a given cryptocurrency (market cap) and the features that distinguish it from other coins on the market. And so I chose:


How much do I put aside? I did not want to set any fixed amount. Because you know - inflation, fluctuations in financial markets, etc. ... So I decided that the value of a monthly investment will depend on the minimum wage in Poland. In 2017, it is an amount of $ 540. And every month I invest 10% of this amount, that is 50 $. "

He has currently invested $ 1,600, and the rate of return since early 2017 is 1,600% = $ 27k.
It's a great idea, right?

Majority of people actively saving their money and putting it on traditional IRA or investing in mutual funds, people are shy away from the highly volatile investments like Bitcoin and cryptocurrency. But this fact is going to change soon because cryptocurrencies represent a hedge against the current financial system.

[yvesp110]

I came across a very nice experiment of one of my compatriots. He started to put up around $ 50 a month for pension. I will add that pensions in my country are low.

Description of the experiment:

"What is going on?
One of my many areas of interest are cryptocurrencies. There is a good chance that you have heard about bitcoin. A smaller chance that you know litecoin or dogecoin. If you want to know the technical side or economic cryptocurrency - use google. For the needs of my retirement, it is enough to know that cryptocurrencies act as cash in a modern version. They have their value (they are listed on the stock exchanges, they have their course), they can be safely stored, they can be sent immediately to any distance, practically free of charge and - with a little effort - they are anonymous. And they are today at the initial stage of development. Everyone who touches them is still an early employer, and this means that - with a high probability - a long-term investment in cryptocurrencies will be very profitable. I chose 4 cryptocurrencies for my retirement basket and gave them percentages indicating their presence in the basket. When making my choice, I based my own - already several years - experience in the cryptocurrency industry, the capitalization value of a given cryptocurrency (market cap) and the features that distinguish it from other coins on the market. And so I chose:


How much do I put aside? I did not want to set any fixed amount. Because you know - inflation, fluctuations in financial markets, etc. ... So I decided that the value of a monthly investment will depend on the minimum wage in Poland. In 2017, it is an amount of $ 540. And every month I invest 10% of this amount, that is 50 $. "

He has currently invested $ 1,600, and the rate of return since early 2017 is 1,600% = $ 27k.
It's a great idea, right?

Majority of people actively saving their money and putting it on traditional IRA or investing in mutual funds, people are shy away from the highly volatile investments like Bitcoin and cryptocurrency. But this fact is going to change soon because cryptocurrencies represent a hedge against the current financial system.

No more worries about it, people are well educated and they don’t feel shy any more, they knows there is solution for anything we are doing, if we will buy something better to make investigation which will remove the risk of our lose, crypto currency like bitcoin is decentralized but it is all about us we can take benefit from it and we can lose money, holding gives money and profit to spend a good life.

[Ranly123]

Yes we don't know if crypto will stay for so long but even there's no assurance here like it turn to not well anymore still we need to take the risk here because we can do only the affordable for us to lose so we can easily accept that situation here so better to risk here like business in real life actually for me even they spread FUD or something bad about bitcoin still we need this in life that's why this is non-stop

Ofcourse Bitcoin will stay for long and would remain for the future to come. But having a stable job and a guaranteed retirement plan is always a good idea. However if Bitcoin can give a good amount of earnings and can make you start a decent business then retiring of early age is such an accomplishment.

[South Park]

great idea for future savings ...
not bad if we invest into 4 coins like bitcoin, ethereum, ripple and bitcoin cash it doesn't feel heavy for the economy if we invest just $ 10 per month

I can understand investing in a coin like bitcoin or ethereum but you are going to invest in coins like ripple or bitcoin cash? Bitcoin cash is nothing more than a cheap copy of the original and ripple is centralized, do not invest in those projects for the long term or you are going to lose your money you just need to look at all of those that invested in bitcoin cash thinking it was bitcoin and lost a lot of money because of it.

[Menawi12]

I think bitcoin can be an asset that we can use as pension fund in the future. Bitcoin is long term investment and its like digital gold, if hold it for our pension fund, i think it much profitable than saving our pension fund in the bank because bitcoin is investment instrument

[recklessMe]

This idea does make sense. I think nothing can destroy decentralized currencies. Although we don’t know what future holds for crypto, it will definitely remain influential. And if bullish predictions come true, what I strongly believe in, this idea will give great returns.

[Globalbitcoinl]

I think what this achieves 2 purposes, it is the creation of income + the stability of their investment. so I think it's a good experiment.

[cfif123]

Bitcoin is mainly a long-term investment, and it is surely helping to get better retirement, because its price is expected to rise highly during the next years and decades. But I prefer investing in many cryptocurrencies instead of putting all the eggs on the BTC basket, that's more profitable in the long run.

if we able and dare to take risk in bitcoin investment for long term, maybe this is correct portofolio for us.and saving our money into several place could be best way to avoid suffering big loss.

absolutely right and I also use bitcoin for my long-term investment because I am sure that by investing bitcoin in my life one day before I get older it can be fulfilled all in the economy and finance too, because bitcoin is a promising investment place

[GunsLair]

For me, too, bitcoin is a long-term investment but I don’t invest in it in order to save myself a pension, since there are still many years before my pension. Although I agree that this is a pretty good idea. And I think, maybe I also will begin postpone some fixed amount.

[mornabo]

Bitcoin is a good investment, but investing in retirement right now is very risky. If $ 50 per month, then this is a bit and maybe in the future they will turn into a large amount of money.

If you are going to invest such a low amount of money every month then you probably need to invest in coins that have a lower market cap, this can increase the size of your profits but it can also increase your risk in a very significant way if you do not know what you are doing, however that is the risk that everyone here in the forum is taking and we must accept it since the rewards of an easier and wealthier life are worth the risks.

I think it will be more risky because we hold back for retirement which means for the long term, buying altcoins with low marketcaps will certainly be very risky especially for the long term, I think they strategy is quite good by collecting $50 per month in bitcoin, that will be a large amount when you retire later

[princeyeboah]

One of the outstanding benefits of Bitcoin is its investment opportunity when seen as an asset - one which grows in value over a period of time. This aspect of Bitcoin makes it favorable to help all pensioners who bought some Bitcoin years back and are now enjoying profits on the increment in its value. 

[BigTeeths]

I want to see my future having a lot of businesses that run by my own. I'm the boss and I only exert a small amount of time and the rest that I do is travel  around the world and always having a perfect vacation trip. Retirement is boring guys so it's better to invest in some lucrative business to make yourself excited in some occassion.
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[bajingluncat]

storing pension funds in a crypto currency might be a good idea but because there is no definite guarantee of price fluctuations and continuity, we should not just keep it there, just a few percent invest some in the real form and have a low level of risk consider reserves as a precaution, however, pension funds are something serious that needs to be managed wisely and maturely because it involves our future, a little advice is not that I don't believe fully in crypto but being cautious and rational is still a wise choice in investing today

[basyang]

Keeping some of your pension funds in cryptocurrency is  a great way to prepare for your pension without much sweat. Cryptocurrency has proven over time that it increases in value when hold for a long term, and savings a little amount of your disposable income to cryptocurrrency will in few years yield a good return.

Holding your pension funds in cryptocurrencgy is a good idea because as you said holding it for a long time will increase its value but for me it has no guarantee to do it though bitcoin is one of a promising cryptocurrency but still it has no guarantee because we know that it is volatile there has many possibility will come up in the next days. But for now, try  to think another way to put your pension funds.

[legenduim]

Hope, when the time of my retirement comes the cryptocurrencies will exist still and will be actively used. In this case, I will simply become a very active trader.

[brooklynian]

It is a very good idea hoping that the return on investment will continue to increase. In this case, you will have a remarkable retirement. This year especially has not been a rosy year for cryptocurrency and bitcoin in particular. I think it will be nice to spread this investment between some top cryptocurrencies.