Bitcoin and retirement - how do you see your future?

[Black Angel]

I'm always optimistic about the future of bitcoin so I never get bitcoin when the price is under $ 10,000 I always buy and hold because I'm sure that someday I can retire and enjoy the richness of the bitcoin price increase.

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[Pattart]

I will not take a gamble for my retirement in this high risk investment. Yeah I understand that we want to have a big returns but the risk is too high and considering that it's for your retirement funds. What if it goes worst? How will you recover that money and considering that you are old enough to go for work and you need money to support your medical maintenance. Will you still take a risk? I will still invest but to the amount which I can afford to lose not the whole retirement plan.

Therefore plan is important. you could have allocated funds for your retirement later in many ways like gold, real estate or bitcoin. You can use it all. no one forbid it. therefore a plan is made. the plan could contain the amount of fund allocation for bitcoin or other investments. if you're too afraid of risk in bitcoin investments. then you can allocate and which is limited to bitcoin.

[Skieleton]

I will not take a gamble for my retirement in this high risk investment. Yeah I understand that we want to have a big returns but the risk is too high and considering that it's for your retirement funds. What if it goes worst? How will you recover that money and considering that you are old enough to go for work and you need money to support your medical maintenance. Will you still take a risk? I will still invest but to the amount which I can afford to lose not the whole retirement plan.

Therefore plan is important. you could have allocated funds for your retirement later in many ways like gold, real estate or bitcoin. You can use it all. no one forbid it. therefore a plan is made. the plan could contain the amount of fund allocation for bitcoin or other investments. if you're too afraid of risk in bitcoin investments. then you can allocate and which is limited to bitcoin.

It is a pity that we are not sure about the price of BTC for a month without talking about the price for 20 alt. Will BTC spare after all? The crypto market will come to an end 7 years ago, but how much will it all work?

[otreza]

It would be great to have BTC assets for retirement. I believe Bitcoin's popularity and other cryptocurrencies will grow more and more every year. So let's see.

[passwordnow]

I will not take a gamble for my retirement in this high risk investment.

If you are still in that thinking if its not worth to take a gamble for your retirement in bitcoin then we are here who already tried it out.

I guess it's normal to see people that are still skeptic about bitcoin and can see that there's no liquidation or a retirement that is not being backed by government.

[Lagrood]

 Yep, your idea looks pretty good. We may have a look at the BTC chart and it is obviously that BTC is not going to drop right now. The picture looks like that a new wave is being created. We will be able to assert that it is a retracement when BTC will make a breakout of 10000$ and stay above this level. I am waiting this. Right now BTC looks much better than before.

[Sled]

I see that my future is bright because with bitcoin it gave me opportunity to earn money and those money will be used for my future business so if i will have enough money from bitcoin then i will just building businesses and that will give me a good source of income that will become the key for my good retirement.

[wuvdoll]

If bitcoin goes $100,000 then it will be grandiose retirement. Well we can never really tell. Bitcoin is volatile. We can't predict how this is going. But its a really good investment. So far, many have reaped the benefits that bitcoin has brought. But not many got lucky. Some people who lacks the tactics in the bussiness of cryptocurrency wil tend to fail. But who would know when to sell and when to buy? Who would know you bought at dump? Or you sold at high? When the price is continually fluctuating.

Grandiose retirement indeed.. The truth is that saving up retirement in the bank does not even guarantee any return at the end of the day and a pretty good idea of putting in $50 monthly into crypto is one that is worth taking which obviously has paid up the friend.

We should not forget that this is a very volatile environment, and a lot of precaution should be taken as well, but I believe in the future and hope things get even better than where we are today to make the retirement worth it even the more, but really, it is a great plan and for that amount monthly, it is worth taking the risk.

[mel1978]

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?

For me it is better to put aside bitcoin for out retirement. Bitcoin for retirement is a good idea since we all knew that bitcoin price will continue to increase as the time goes by. It is a lucky person for those who hold bitcoin so if you have bitcoin try to put aside for 30% of your savings. Bitcoin is a good choice for investment when we took of long term investment. Because bitcoin is gonna be boomed soon.

[Findingnemo]

I see that my future is bright because with bitcoin it gave me opportunity to earn money and those money will be used for my future business so if i will have enough money from bitcoin then i will just building businesses and that will give me a good source of income that will become the key for my good retirement.

When you invested in crypto currencies it will be not enough we can don’t do much more that for the development if you retired it will be much more that so do more and get more.

[1Referee]

I guess it's normal to see people that are still skeptic about bitcoin and can see that there's no liquidation or a retirement that is not being backed by government.

Why should everything be backed by the government? Governments in some cases decide to significantly lower your retirement funds, which is just insane. You work your entire life to build it up, and the government 10 or 20 years later decides that due to whatever economical difficulties, you get 25% less.

The older generation has quite some luck with how they somewhat escaped the worst case scenario, but we as the younger generation will be going through extremely difficult times in the forthcoming decades. I can't trust on anything the government does, so I have to take care of my own retirement funds. In the end when the time is there, I think that at least 50% of everything that I worked for and saved up will vanish.

I see Bitcoin as a perfect hedge, but if people are skeptic, then there are more conservative ways to eliminate the governmental poison exposure that everyone here is subject to.

[fishball]

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?

Retirement i think is not a good idea if you experience negative effects from bitcoin. It is just a challenge so be patient with it since bitcoin can rise up.

[without_my_moufles]

1% of your income in Bitcoin + altcoin (I don't think it is a good to buy only one crypto) to prepare your retirement is up to me a good idea. Risks exist OK but only 1% of your income won't affect much your life and potential returns can be huge.

[darewaller]

Wow... That is a pretty great idea of saving up for the future and getting your old age after work guaranteed. The thing about saving in cryptocurrency though is the risk, but over time I believe things will definitely settle and it is going to be a risk worth taking. $50 monthly is a pretty good one, looking at the fact that you really are not putting so much. However, what I would suggest is over time, like your friend who has gotten 1600% can move a bit of it into fiat so as to at least blend it up while continuing with his savings as usual.

[ethereumhunter]

putting 10% in every month for your investment is always a good idea because you are consistent to add some money by monthly and I am sure that you can get much profit after the investment is reach your target. and I think it is enough to put that 10% in monthly and it will work well if you can find good coins for your investment so you will gain a big profit in the end. just continue for what doing until you think that you have many coins and then you can stop the investment or you can move to another coin so you can have many coins in your investment list.

[AngelSky]

For retirement you could have the bitcoin as the perfect options guys bro. Please invest your fund on good ICO and some half of the fund on the wallet as a investment for long time bro. I am damn that you can make the profit in 10 times if you wait for 5 years from now also.
People in the age above 50 will be able to invest and make the profit at the present time as well bro.

[nelsledma]

I'm always optimistic about the future of bitcoin so I never get bitcoin when the price is under $ 10,000 I always buy and hold because I'm sure that someday I can retire and enjoy the richness of the bitcoin price increase.

I think you are little bit detracted from right path, actually we all must follow that buy low and sell high rule. If you are not following that rule in your investment or trading, you would be getting so big losses. So better is to live with happiness and that comes when you earn money where you have invested or traded. And that comes when you find profits through low buying and high selling.

[FlightyPouch]

It would be great to have BTC assets for retirement. I believe Bitcoin's popularity and other cryptocurrencies will grow more and more every year. So let's see.

You just did state the obvious. Bitcoin became very popular every single year and the price too is getting higher and higher. I am retiring in the near future but I don't think that Bitcoin will be the reason of it since I have a better investment and profit than investing on digital currencies but I do invest on some of them especially the good ones.

[fonenumba]

I believe that Sparkster project is sufficient to give me an ability to spend my retirement in wealth Sparkster believe that technology should be available to everyone.

[aso118]

I will not take a gamble for my retirement in this high risk investment. Yeah I understand that we want to have a big returns but the risk is too high and considering that it's for your retirement funds. What if it goes worst? How will you recover that money and considering that you are old enough to go for work and you need money to support your medical maintenance. Will you still take a risk? I will still invest but to the amount which I can afford to lose not the whole retirement plan.

It is true that investing your pension pot in cryptocurrencies is foolhardy. You wouldn’t want to be left high and dry due to a crash at the cusp of your retirement. But I wouldn’t mind investing 10% of the money I have put aside for retirement in cryptocurrencies. Over the long term, they have the potential to provide a boost to my portfolio.