Bitcoin and retirement - how do you see your future?

[MOG247]

Retirement is past.. persons who are hoping for that to have money live with closed eyes, want money - work hard, it is a truth of future

[nicpaig]

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?

The day I let myself engaged here in this forum I decided to have this rule "once you've enter there's no turning back" and I've made the right thing because I don't know if I can afford to turn back

[julzcoinbit]

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.

You're quite right mate, In my opinion Investing Is the good way to prepared our retirement day and before enter this activities. We must search first to be able to know how to Invest, by using buy and sell method because this crypto Investment like bitcoin Is more risky rather than stock exchange.

[crazycatwoman03]

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.

A portion of the retirement money is not bad in using for investment already so if @Godexists is going to use all of his money for investment, he surely is taking a great risks. For me, retirement money is supposed to be for relaxation after long years of working and, supporting yourself and family in expenses. We all have a choice and we can do whatever we want with the money but using all of it for investing right away might be bold move and rush decision.

Try to consider having a vacation for a while, it will be worth it especially because the money comes from your own hardwork. Do not invest all especially if you are not that familiar with cryptos.

[btcwelcabz]

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.

Yes, i agree with you, continue bitcoin if you retired, you can save your money you recieved from retirement you cannot spend it because you can use your money from bitcoin if you can already gain profit from it.

[BlackBeauty]

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.

Yes, i agree with you, continue bitcoin if you retired, you can save your money you recieved from retirement you cannot spend it because you can use your money from bitcoin if you can already gain profit from it.

Bitcoin profit will very huge amount than retirement money and that's why in bitcoin profit you can start any physical business in future but if you can carry both are so you should invest your retirement money in bitcoin because it will very profitable for you in future if you are a hard worker your life and future both will very successful.

[Superways]

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.

Yes, i agree with you, continue bitcoin if you retired, you can save your money you recieved from retirement you cannot spend it because you can use your money from bitcoin if you can already gain profit from it.

If the person is doing his job and also working in bitcoin community then he will get much more money from bitcoin and at the time of retirement his money of retirement will be much lesser for him. While if a person is working only in bitcoin and he is storing it and will use a part of them for their living then he will spend more time in getting opportunities in crypto and he will not need to wait for his retirement to live a luxurious life.

[rainezerr401]

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.

You're quite right mate, In my opinion Investing Is the good way to prepared our retirement day and before enter this activities. We must search first to be able to know how to Invest, by using buy and sell method because this crypto Investment like bitcoin Is more risky rather than stock exchange.

Retiring is not the end because in that way they can have more time to invest, they can still work on bounty campaigns in order to have income monthly or just focus on trading in the market since they are already staying at home.

[Smarty14392]

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

I have been reading a lot about that but the question is how will that occur and when? Well I think it is not possible to give an exact date when will the prices rise but of course I can say it is not impossible to get rich with crypto when you are retired and have limited fund. You can invest now and get your coins replicated till you retire and you would be an old rich guy. Crypto still ha that power it had in 2017.

[arthotdog]

Just remember that Bitcoin is still highly experimental and a high risk investment. You cannot follow this strategy and think that it would be solid enough to carry you through to pensionable age. A lot of things might still happen, until your friend goes on pension. I will also adapt the strstegy a little bit, by only buying when the price is low. Do not simply buy, when you have fiat currency... wait for the price to drop and then buy.

You can keep that cash in your Bank account, until the price drop and then you buy a lot more, for the same amount.

This is the sad reality about this cryptocurrency mate,that even this brings us income and some becomes rich or even millionaires we still not sure what will tomorrow's bring from this cryptoworld this same thinking i have in mind since i started dealing with this

Though i had give my trust since the day i put my money for investing abut my mind wont agree about the full security i might have ten years from now,thats why im praying not to become scam victim

[andrei56]

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.

Retirement means different things for different people, I know people that are retired but that still invest a lot of money because that is what they are passionate about, if I made a lot of money with cryptocurrencies to the point I could retire I will still try to earn money with my investments in cryptocurrencies since being in this market and in this forum is something I really enjoy.

[Eclipse26]

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.

Exactly, you must know how to manage your money well. Remember that you was retired means that you will not get any salary now. If you are going to spend your money to vacation and there is an emergency comes where you can get now? We must always use our money in important things. We must budget if and do savings if we want to have some vacation.

[moshk555]

As the exponential increase in price, bitcoin gives a great valuation in price and security if you look at a retired fund given by the bank then that gives you an annual interest rate of approx 5 to 10 percent whereas the bitcoin growth rate is 50 percent at the good times so its best to invest in the latter.

[Chrisjay29]

Will bitcoin is a great idea tto those people who retired. Because people who retired have lot of time in sitting thier chair. But if they will know bitcoin thier time will be usefull

[Clover_Faith]

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?

I see my future in bitcoin by retirement and give my account to my children so that they can continue using it. And maybe i can give it to others that they use to change their life also.

[sp01_cardo]

Im not sure if bitcoin will still stay longer now. My future in bitcoin is ready to let go but i would not quit in cryptocurrency because theres so many coins that have the possibility to rise other that bitcoin. Maybe it is the end  of bitcoin but it is the beginning on crypto to grow more.

[Dheo]

Im not sure if bitcoin will still stay longer now. My future in bitcoin is ready to let go but i would not quit in cryptocurrency because theres so many coins that have the possibility to rise other that bitcoin. Maybe it is the end  of bitcoin but it is the beginning on crypto to grow more.

I don't think this is the end of bitcoin, for now bitcoin price is just falling not ending, i don't want to think that now is the end of bitcoin ,we just need to wait until bitcoin will recover again and we earn again our profit from it.

[semarmesem195]

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 is still the mainstay of everyone in my country, pension payments in my country higher than you, we pay about $68 every month. Since the majority of the population here is a labor, then not everyone uses cryptocurrency, so to make crypto a guarantee (retirement) is not possible.
Responding to your way by investing 10% of minumum wage into cryptocurrency is a good idea, provided you never forget for other needs in your daily life. And I assume you better not to ignore away the opportunity of retirement in your country and keep paying $50 each month, it will guarantee your old age in the future.

The calculation is $50 for crypto and $50 for retirement, then you use $100 per month and if the minimum wage is the same as 2017 that is $540 then you still have $440 for your daily needs. One thing from my suggestion that should be optimized, it can all be done if you are not burdened in that way.

[pickledmuffin]

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?

If you can afford to loose this amount per month, dollar cost averaging the money over time is a good way to build up a good size portfolio.  Make sure you diversify by putting atleast 50% into a strong coin that has been around a while and is stable (as far as crypto goes).

[ironman2014]

I am hoping that bitcoin would be still alive that I could have my effort from it, while I would be old. But the obvious thing is that you can save some money from your earnings in order to use them in retirement.