Bitcoin and retirement - how do you see your future?

[naidray]

Future seems bright

haha


You can for sure plan your retirement with bitcoin and cryptos... I read an article somewhere long back that a man made 21 millions in btc ; cashed out 20 million for his retirement and kept playing crypto game with 1 million


Could be an effective strategy / goal ?

Yeah, there is no doubt about that but as bright as it seems, it is always still necessary to always take into consideration the possibilities. We may see it to be bright today but anything can still change, I am not trying to be a pessimist but a realist and in a business, being a realist is the only best way to always make good decisions and not be blinded by the current situations. I am bullish long term but at the same time, it is always necessary to be smart with investments or savings.

[kripkiki12]

As I do not expect any pension in my country when I get there (thank you, government smh...) I really hope to gain enough earnings from crypto to save for older years. Or at least to get to run something that is rentable.

[ethereumhunter]

I think if we can make a lot of money like that person, we can retire from the crypto and if this is happening to me, I will build one business that will help people in out there so they can also make money like me. but I think I don't want to retire from the crypto as I see I can get much money from the crypto. I see that with crypto, I can get something better for my life and my family. and as long as I can get involved in the crypto, I want to still continue to make money.

[alibaba93]

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?

You can clearly see that with great applications of bitcoin, bitcoin will be the currency of the world. With absolute security, fast liquidity and unlimited hoarding capabilities, I believe that bitcoin will be the currency of repackage. You can completely invest in a bitcoin on the potential value that it brings.

[Strongball]

Sounds good but I envision my retirement to be more relax and more layed out and hopefully planned. Retired people
can get into crypto since time is not an issue, but health will be. Before retirement it might be a splendid idea to invest
in a lot of investments that tend to pay off later, a long term type of investment. Cryptocurrency could potentially be
a part of that particular investment. Hopefully my retirement ends up interesting and fulfilling.

[JohnJarvis99]

I read at somewhere, who have Bitcoin will be richer . Maybe it will be good situation for us.

[katiecbell]

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.

No doubt that is too much risky if a person will put all his pension in crypto trading, but I think that it is depending on your experience if you have already good experience in crypto trading then you can put some percentage of your pension in crypto trading, from which one can make a good profit in a short time.

It is a whole lot of risk but actually is one crazy risk that is somehow worth it anyway. Everyone do have the way they approach things and we do have the mind of taking risks more than ourselves, but like you said, at least there should still be a plan for the short term so as to be able to lower the risk of anything happening in the future that may be hard to account for.

I know over time, the possibility of the pension to have increases hugely is there, and at least channeling some part of it into other businesses can really be of great help.

[okissabam]

I think your ways are a great idea of investment but put in mind that Bitcoin is still unstable. It constantly fluctuates so basically it is very risky but I think it is worth it. Know that there are some pros and cons too. I actually planned my investment the same as yours, and also 10% of what I earn.

[Crypto24hrs]

In the current economic realities of the world,where some countries are even unable to pay salaries to its workers,talk more of retirement benefit' it will be pertinent one think of alternative,and fortunately i have found one which is BTC, with bitcoin the future is bright for me and those who will believe in me.

[katiecbell]

As I do not expect any pension in my country when I get there (thank you, government smh...) I really hope to gain enough earnings from crypto to save for older years. Or at least to get to run something that is rentable.

This is bad situation. Do not you guys have old people insurance? You can search about it on the internet. Also you are right about the profit that can be earned in crypto. It is an easy way to earn some good stacks of dollars only if you are wise enough and have some good market skills and knowledge. This way, you would be able to have a good retirement vacations in Mexico if you follow the golden rules.

[Insanerman]

2) If I succeed in getting a lot of wealth, I would like to expand it to passive businesses and use the money earned for social work. There is no value of having surplus of anything if you do not care to share.

This is the best and most practical way to spend your wealth. Business or Capitalism will give you a lot of experience in the market. According Robert Kiyosaki "Dont work for money, money must work for you" Doin any kind of business is great but remember that this must have a serious planning because you are risking your money. Marketing and sales is the most important skills to be learned in doing any kind of business to ensure the success of your assets.

[gabmen]

As I do not expect any pension in my country when I get there (thank you, government smh...) I really hope to gain enough earnings from crypto to save for older years. Or at least to get to run something that is rentable.

This is bad situation. Do not you guys have old people insurance? You can search about it on the internet. Also you are right about the profit that can be earned in crypto. It is an easy way to earn some good stacks of dollars only if you are wise enough and have some good market skills and knowledge. This way, you would be able to have a good retirement vacations in Mexico if you follow the golden rules.

Well governments have different take when it comes to retirement so for me, it's better to look after yourself by saving up for that time. And i'm thankful that i've learned about btc since it became an additional option for me to build up for the future

[olalaMaty]

Bitcoin and Retirement are two areas where there are special and separate specialties such as retirement, which is the amount of money you will receive after you retire from working age under the law. Also invest in bitccoin you will receive value as soon as you are profitable

[mersal]

Will bitcoin is a great idea for those people who retired. Because people retired got huge time. But they only spent it in just sitting around in there house. But if they know bitcoin there might be a chances that they can make there money grow more in just sitting in there chair.

I think this question is very important for all the people who invested and expected they're earnings in their regular life so the future will be question for all the Kapil uses but how we going to take cryptocurrency with the system decide the future of cryptocurrencies.

[Kiweikoo]

I’m not planning my future by relying on Bitcoin, that’s funny. Bitcoin is not even my main job, there are lots of good jobs out there that are far much better than cryptocurrencies.

I’m an entrepreneur and I can survive without Bitcoin. Bitcoin is just like my second job that I do on my free time, especially whenever I get home, just to keep busy. So I don’t plan my future to rely on Bitcoin. If you’re planning such, then I will advise you to desist from that and make better plans for yourself.

[senin]

If small amounts are deposited in the crypto currency, then this should be a good idea. Perhaps it will all work. However, I would advise periodically also to extract my profit and transfer it into ordinary money. It is necessary to remember that investing in the crypto currency is moderately risky. It is not excluded that in five or ten years these investments can again become the same amount as at the time of their investment, or even less. You need to be prepared for different variants of events.

[Sled]

If small amounts are deposited in the crypto currency, then this should be a good idea. Perhaps it will all work. However, I would advise periodically also to extract my profit and transfer it into ordinary money. It is necessary to remember that investing in the crypto currency is moderately risky. It is not excluded that in five or ten years these investments can again become the same amount as at the time of their investment, or even less. You need to be prepared for different variants of events.

I agree to that, when you are making investment you should prepare yourself to the worst case scenario so you will not get disappointed when it happens. It is best for you to invest or put your money that you can only afford to lose when you retire because investing is not always a sure bet because sometimes everything might change from good to bad.

[GoodLuck2]

I do not want to retire even if I make a lot of money using crypto or any other method because:

1) We should live a lively life and do work that we enjoy. If money was only thing that mattered in life, billionaires would have taken retirement. but we still have people like Elon Musk who work very hard.

2) If I succeed in getting a lot of wealth, I would like to expand it to passive businesses and use the money earned for social work. There is no value of having surplus of anything if you do not care to share.

You have very philanthropist thoughts and I believe that we all should keep working until we die because sitting idle is seriously so boring. I have seen people getting bored even when they have all luxuries and as far as sharing is concerned, you don’t get that satisfaction which you experience helping some needy people. We need to even teach our children in childhood this habit of sharing things.

[Godexists]

well for me bitcoin is not a bad idea when you're retired after all.so better save your money for the future.i continue the bitcoin because there's a chance that migth bitcoin can grow more than spent my retirement money for vacation.

[aso118]

well for me bitcoin is not a bad idea when you're retired after all.so better save your money for the future.i continue the bitcoin because there's a chance that migth bitcoin can grow more than spent my retirement money for vacation.

The comparison you make is bad - you are talking about investing your retirement money in bitcoin rather than spending your retirement money on vacation. The problem is - you shouldn't be spending your retirement money on a vacation in any case. Personally, I would be comfortable only with investing a small amount of my retirement fund in Bitcoin.