Bitcoin retirement account

[Pamadar]

I am in agreement with the rest of the people in this thread. When you talk about retirement investment, you don't mean profits what you want is security, something that bitcoin wouls not be able to offer you financially. The price is so volatile it can easily jump from 19,000 to 10,000, which is something I don't believe elderly people would be able to manage. So might as well invest in more secure assets for your retirement.

If we speak about young generation who already learned about this market.

Volatility are already been part of this industry, it's tough practically for senior citizen to embrace that possibilities, but for people
who already and willing in taking the risk, most are those believers that the value will rises high once full adoption take place.

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[so98nn]

The concept is good but it's not as stable as what government is doing for us. Retirement accounts, pensions accounts or whatever they may call it in different countries, they are completely safe since government is issuing that based on the taxes that are paid every year. They will always keep the safe limits in the "Reserve bank of xyz country". Moreover they will give you interest on it and at the end you can smoothly withdraw matured amount as well as monthly payscale.

Now if you turn to bitcoin, then everything from wallet keeping to safeguarding your bitcoins from hackers has to be done by yourself. There is no escape for that. So which is easier trusting government or bitcoin that's up to us.

[shoreno]

fiat savings account that are connected to government are sometimes be cheated i know several people that have a problems with their retirement and other government related funds amd theres also many complaints i see in the videos and news related to this matter but if all of this works in a decentralized manner via a crypto or bitcoin , all issues of manipulations are going to be solved and theres a poaibility that the amount save to the account holders can go 100 times upon they retire or upon they claim it .

[GrinZ]

Everyone will want to invest in the future somewhere. Long-term investment tools of course I think that many and should be evaluated. In addition to Bitcoin, you can also make long-term investments in valuable objects such as corporate shares in your country, gold and silver.

[Cling18]

Having Bitcoin as a retirement investment should be a personal choice because we all know the risks of its volatility. However, it's still an advantage especially for those who know how to handle and access cryptocurrency. It's a good investment but it still needs learning and patience so we can't force everyone to do it. In our country, we already have a retirement account and I must say that it's beneficial for us in the future.

[Oshosondy]

Volatility are already been part of this industry, it's tough practically for senior citizen to embrace that possibilities, but for people
who already and willing in taking the risk, most are those believers that the value will rises high once full adoption take place.

In my opinion, I think investment is not much risky as people do comment, there was a time bitcoin was $19600 in 2017 but decrease and increased over time and reach another all time high in 2020. If people can invest in bitcoin, over a long time period, the price will increase which will make their wealth to increase too. I prefer it to having fiats in bank or as a retirement account because of its davaluation. Bitcoin is just limited in supply, the price can increase today and decrease tomorrow but over long time period the price will have a net increase.

[iamsheikhadil]

I second your argument totally. But if retirement investments are done in crypto, salary will also be credited in crypto only? If that's the case then it might be harmful to an extent as crypto isn't accepted everywhere on the planet yet. But I highly support salary as fiat and retirement savings in form of crypto because that way one can expect great returns during retirement. Specially the current youth population.

[Kupid002]

fiat savings account that are connected to government are sometimes be cheated i know several people that have a problems with their retirement and other government related funds amd theres also many complaints i see in the videos and news related to this matter but if all of this works in a decentralized manner via a crypto or bitcoin , all issues of manipulations are going to be solved and theres a poaibility that the amount save to the account holders can go 100 times upon they retire or upon they claim it .

If for example they make it in crypto is that's mean they own it already and they can choose whether they want to use it right away or you need to wait for your retirement before you can claim your crypto . In that's the case then they will the same as using Fiat you should be the one who have control in it once deducted it to you or send for to your address partially. In terms of investment even you are just an employer you should have your own choices where you will put your money  , even it's from salary or for you retirement funds.

[fillippone]

Company Sponsored Bitcoin Retirement Plans are already a reality:

US Firm Launches Company-Sponsored Bitcoin Retirement Plans

This is important for the obvious fiscal and economic reasons (usually the company matches worker's contribution to the fund).
I think it is a good choice to have at least a few percentage points of your retirement plan in Bitcoin, simply for the asymmetrical return this asset could potentially yield.

[Rengga Jati]

If indeed this world is really ready for Bitcoin and various other cryptocurrency adoptions, it doesn't seem a problem to make Bitcoin our retirement asset. But the fact is what about countries where Bitcoin is still not fully legal? Wouldn't this just make the situation even worse?
If indeed the world is not quite ready and we haven't prepared it yet, I don't need to make BTC an asset. Still more to things that are more useful and also important,

[BuNga_cute]

It is very risky to make Bitcoin a retirement investment, it must be remembered that Bitcoin is very volatile and only 11 years old.
So it doesn't guarantee that in the future Bitcoin will still exist, But if we see the demand for Bitcoin continues to increase, we believe
Bitcoin is very good as a retirement investment. Instead of being confused, it is better to divide it into two retirement investments.
Some retirement in Bitcoin and some can be in gold or fiat. That's the best step for retirement plan.

[Buttermellow]

I'd rather stay on fiat if one day I will have my retirement. All should be gone in process like if you wanted to retire with bitcoin then better convert your fiat to bitcoin or else you can ask the management to get the benefits in bitcoin that if you do not need it. The problem with the bitcoin is that when you lose your bitcoin keys you will.lose your retirement benefits.

[Swordsoffreedom]

Every company has its own provident fund plan. No company would want their employees to risk provident fund money, It's true that investing in Bitcoin is very profitable but you know it is too much volatile. Rising and falling prices can happen at any time. So no company will bear the risk of money of their ordinary employees.

[goldade]

I believe employees in all countries would have this type of investment plan in a way there would be companies rendering services in which the employee would be saving 10% or more of his/her salary into retirement account. This type of investment would be tax free and I believe this is how it supposed to work in all countries. Normally, people save fiats into retirement account, and as we know that fiats are fully vulnerable to governmental manipulations which can result to fiats value depreciation/devaluation.

Bitcoin has two major advantages:

1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.

Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.

What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.

The concept is a great idea. Saving up for retirement in crypto is a way of preventing against the devaluation of fiat since it's saving cash over a long period of time.
I, however, think quite a lot of things are still needed to be put in place especially if the crypto here is bitcoin. Bitcoin is not a stable. It is very volatile. It would be devastating to save up over the years and find out there is a terrible bearish move which has caused your cash to depreciate in value. I understand bitcoin might possibly give profits over the years due to increase in its price but then it could also go the other way around.
I think a concept such as this would only be possible if the crypto is a stable coin such as the USDT. That way, you're sure of whatever you put in is what you get.

[Question123]

It's better to save real money or fiat for your retirement than the bitcoin or the other coins because we are sure the future of the cryptocurrency. Let say you have a lot of coins and it's rising and after few many decades it rises but suddenly the price drops or you lose. So it's better to have sure money for your retirement and do not avail for the offers interest because it is risky and maybe it will cause only for your money to be gone and you will be suffer in the end when you retired.

[fabiola!]

Fro BTC retirement plan, check this:

https://apyharvest.com/save-crypto/

I am already using their R2B plan - "Plan R2B: start 1 BTC, add 0.05 BTC each month @ APY 6.56%" , "R: Crypto retirement plans . Term lengths 5, 10 and 20 years. Compounding DAILY. Stick to the plan for 180 days, and earn additional 0.3% more APY% per 180 days cycle."

It has been already few months. I love their email reporting and personal crypto banker.

Big advantage for me was also that i can open accounts to all my family members if i want. Interest I earn compound daily, and nothing is locked - if needed , I can withdraw ALL my crypto assets from there at any time - no penalty, no fees.

https://imgur.com/a/LjswbxZ

I can highly recommend them. Not a commercial, otherwise i would post my referral code.

[doomloop]

I would say try to have some sort of wallet first, if you could own a hardware wallet that you can somehow reach online as well without it (in case you lose it) you basically have a huge amount of retirement account problems already solved. After that, if you can find one that has a lot of coins in it, a ton of wallets, you could put different type of coins and amount of coins in there.

After that all you have to do is, if you can of course, put 10% of your money into your hardware wallet, separate it from most trusted coins like bitcoin to least with whatever you least trust, that way you do not put it all equally but even the tiniest ones get a bit. Do this for 10+ years and you are definitely rich enough to retire, no doubt about it. I am working on doing that right now for example.

[carlisle1]

That's exactly what i think 2 years ago,That what about my retirement or emergency cases that I will be needing Good amount to sustain my daily living
and with the nature of being employee i knew this won't happen in good faith.

That's why i start investing my time and small money here in crypto in which my extra time and extra money are being invested to Bitcoin and some altcoins for the future,because no one knows what will tomorrow can bring so that's why we need to be ready and fix .

[Karartma1]

It is very risky to make Bitcoin a retirement investment, it must be remembered that Bitcoin is very volatile and only 11 years old.
So it doesn't guarantee that in the future Bitcoin will still exist, But if we see the demand for Bitcoin continues to increase, we believe
Bitcoin is very good as a retirement investment. Instead of being confused, it is better to divide it into two retirement investments.
Some retirement in Bitcoin and some can be in gold or fiat. That's the best step for retirement plan.

Today a good percentage of my savings goes into bitcoin as a retirement option. Nonetheless, having some traditional umbrellas it's good too.
Long-term care, life insurance etc. can all be a good complimentary plan. I want my kids to be able to never have to worry about me in the future and I guess with some BTC and some insurance they shouldn't be worrying much. If all turns out good, I will be enjoying a nice retirement and will get some security for their future.

[MCobian]

In my opinion, there is nothing wrong with trying to make Bitcoin a retirement plan, I have indeed been running it from 2018.
I always buy Bitcoin every month for $ 50, then I store it in a wallet which I plan to retirement account. It doesn't feel like it has
been running for two years, my target is until 2030. Hopefully I can be consistent and in 2030 I can enjoy the Bitcoin that I have
and hope Bitcoin in 2030 the price is very high.