Would You Consider Adding Bitcoin to Your Retirement Savings

[South Park]

Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

Yes that's like DCA
It would be great if I could have a retirement saving in crypto like Bitcoin, but I would prefer to keep it myself, not in a government-appointed institution because I feel safer seeing our savings in my personal wallet so I can keep monitoring that it's still safe and by remaining in our personal wallet we can determine for ourselves whether to keep it or exchange it for other types of investments that can also provide passive income when we retire.

The purpose of bitcoin is to remove the third party so it makes sense if you hodl the bitcoin in your own wallet than entrusting them to someone else like what is usually done in retirement plans and insurances. Here in our country I always hear an anomaly about it.

There will always be people who complain that their savings gets lessened overtime even though they haven't made any loans yet but a lot of the employees of those company are already kicked out and now in jail because they are guilty of the said act. Not only sure if that also happens to other countries. Having an addition aside from our retirement savings is always a good idea and bitcoin is one the best candidates for it.

This happens everywhere so it is not exclusive to your country, besides most countries are facing huge problems due to their aging populations, many of the current systems in place were created when there were a lot of workers for each person which was retired, but now things are changing and there are very few active workers for each person retired and this is going to get worse during the next decades, so we should not be surprised if the system collapses and the savings of billions of people disappear overnight.

[Hispo]

Of course, I would include Bitcoin as part of my "retirement" portfolio.
Here in my country currently there are no centralized mechanism for people to opt for Bitcoin in that way, as time passes I will have to manage my long term savings on my own. It happens the same with stocks and bonds, people need tome manage them themselves here, because the government only saves one's FIAT for retirement, which has proven to be fatal for people expecting to retire with any sense of financial security here. 

I think I would go for between 25%-50%, sounds reasonable if I diversify the rest with less volatile/more traditional assets.

[Russlenat]

Bitcoin’s future remains uncertain for now so it’s actually not bad to reserve some bitcoin for retirement so that if ever the price surges high, at least we can also benefit from it and will make our retirement days valuable. But let’s not also forget to secure fiat before bitcoin because it’s an obvious fact that fiat will still be highly needed in the future especially if we have some maintenance check ups and medicines that will help us live a longer life.

The thing is... that nothing is certain. Not even fiat. And I don't mean the current day's inflation, which is still not huge (but far from small either).
But look at Venezuela and their fiat. Do you really think that something like that (2018-2021) cannot happen to "better" fiat, like EUR or USD? Not now, but maybe in 20 years? Never say never.
That's why keeping some eggs in more baskets is the best... if one can afford that.

Yes, I guess both fiat and bitcoin are still uncertain of what will be their value in the future, so if we can have them both as our retirement, then definitely our retirement funds will be more secured and stable by then. However, I would not invest more than 50% in bitcoin I think, I prefer 70% in fiat then 30% in bitcoin, but it could be changeable in the future if ever bitcoin becomes more relevant than fiat.

[Hamphser]

Bitcoin’s future remains uncertain for now so it’s actually not bad to reserve some bitcoin for retirement so that if ever the price surges high, at least we can also benefit from it and will make our retirement days valuable. But let’s not also forget to secure fiat before bitcoin because it’s an obvious fact that fiat will still be highly needed in the future especially if we have some maintenance check ups and medicines that will help us live a longer life.

The thing is... that nothing is certain. Not even fiat. And I don't mean the current day's inflation, which is still not huge (but far from small either).
But look at Venezuela and their fiat. Do you really think that something like that (2018-2021) cannot happen to "better" fiat, like EUR or USD? Not now, but maybe in 20 years? Never say never.
That's why keeping some eggs in more baskets is the best... if one can afford that.

Yes, I guess both fiat and bitcoin are still uncertain of what will be their value in the future, so if we can have them both as our retirement, then definitely our retirement funds will be more secured and stable by then. However, I would not invest more than 50% in bitcoin I think, I prefer 70% in fiat then 30% in bitcoin, but it could be changeable in the future if ever bitcoin becomes more relevant than fiat.

We could easily make out some switch up if we wanted to and its true that fiat could really still be having that inflation but we know that it isnt something that as risky when you do deal up with crypto.

No matter on how high it would fly with colors in the future but it wont really be making out guarantees that it would be giving out positive results or outcome.No one really knows on what the future lies ahead.
This is why always consider out on having those risks management considering that we are involving our retirement savings which we know that we dont have other sources for us to get more income
on the time that we had retired.Unless if we do have properties and assets which we had been able to purchase when we are still in position.

[capedbaldy]

Yes, I guess both fiat and bitcoin are still uncertain of what will be their value in the future, so if we can have them both as our retirement, then definitely our retirement funds will be more secured and stable by then. However, I would not invest more than 50% in bitcoin I think, I prefer 70% in fiat then 30% in bitcoin, but it could be changeable in the future if ever bitcoin becomes more relevant than fiat.

I totally agree with the division of your investment allocation that 30% determines the maximum amount for bitcoin investment because the price of bitcoin is unpredictable, besides that we can convert some fiat savings to buy gold, because saving everything in fiat will impact losses if the currency experiences inflation.

[dezoel]

Having a portfolio that is high-tech is actually a pretty good idea. Bitcoin, tesla, apple, these are all technology related stuff and it could actually build a good method of making a profit. There are a lot more new tech stuff like AI, and you could look for ways to invest into that but do not invest into anything that puts the AI label on their company, not all of them are like midjourney or openAI, they just put the machine learning in churn and claim they are AI too while having not even half-finished products to people.

Bitcoin is great because of this, it has been popular for over 10 years now, and it's getting even more attention every single day.

[Pejoh Asu]

Bitcoin is a long term investment that has good prospects, currently I am 28 years old and plan not to work at 40 years old, if I have more finances then I use it to buy bitcoin and some altcoins that have good potential in the future, I hope performance continues to improve so that at the age of 40 I have a business and I think bitcoin is worthy of being used as a retirement savings.

[South Park]

Bitcoin is a long term investment that has good prospects, currently I am 28 years old and plan not to work at 40 years old, if I have more finances then I use it to buy bitcoin and some altcoins that have good potential in the future, I hope performance continues to improve so that at the age of 40 I have a business and I think bitcoin is worthy of being used as a retirement savings.

It is important to set goals like these to ourselves, the retirement age in most countries is very high and it is getting even higher, so if someone wants to retire early and enjoy their life then they need to make some heavy preparations to reach this kind of goal, and investing in bitcoin and holding your coins is a good idea, as the higher the price of bitcoin skyrockets the less years you will have to work to sustain your current lifestyle for the rest of your life.

[Anonylz]

Yeah, a portion of my retirement funds. At such a stage you can't afford to be reckless, despite the trust btc has been able to achieve over the years there is still some level of risk,
If you are retired it means there is no other steady way to generate monthly income except you are able to invest your retirement fund wisely so you don't fall flat on your ass being careless.
So yeah, a small portion will be in btc and the rest will be in other investments that are less risky.

[nurilham]

I will consider it for sure. Why not add it for retirement saving investment? Bitcoin is a long-term asset, the price tends to always grow. It is a big potential to hold Bitcoin as a retirement investment. However, don't put all the money on Bitcoin, we need to divide the retirement assets into several things. Gold, land, and Real estate are also good options for retirement assets. Bitcoin is a high-risk asset, we need assets with smaller risks, too. Diversification is the best way to optimize the chance for profits and minimize the opportunity of huge losses.

[livingfree]

Yeah, a portion of my retirement funds. At such a stage you can't afford to be reckless, despite the trust btc has been able to achieve over the years there is still some level of risk,

I'm still quite young I guess and that's why most of my assets are in the form of bitcoin. Yeah, there's still the risk that we don't know what may happen on it in the future.

But I'm taking it as something to be worry-free because of how I've seen those early investors in the tech scene that they've got no idea what's gonna happen on them in the future.

At least with bitcoin, we've got already the idea of the past charts that it has shown and it's very encouraging and making me optimistic on what's in it to store. In that case, it has made me have that share for my retirement fund wholly through bitcoin.

[autumnleaf]

Due to the price volatility, I don't want to use my retirement savings to invest in Bitcoins since I deem it to be too risky. Although it has already been said that bitcoin is a good long-term investment, it is risky to include it in your plan for the next 40–60 years. Invest in something that will produce passive income, such as gold or real estate, whose values will never go down.

[19Nov16]

Good choice and hope for the future if we can save bitcoin for retirement, currently I'm still working with a salary of about $ 655 per month, I bought bitcoin several times from the rest of the money because I hope to get big profits from bitcoin, unfortunately I'm still not profitable because I bought a lot when it was rising when the price was more than $ 50k and the cheapest price I bought was a month ago around $ 21k.

[Pujangga]

Bitcoin is a very promising asset if we are patient and hold it in the long term, I regret selling bitcoin at a low price when the market was red a few years ago, at that time I had 2.5 btc and I sold it at the end of 2018 at a price of 1 btc equivalent to $4800, if I hold on until now of course I can retire and start a business.

[Uruhara]

Bitcoin is a long term investment that has good prospects, currently I am 28 years old and plan not to work at 40 years old, if I have more finances then I use it to buy bitcoin and some altcoins that have good potential in the future, I hope performance continues to improve so that at the age of 40 I have a business and I think bitcoin is worthy of being used as a retirement savings.

It seems I also have almost the same plan with you. because I also plan to be able to have financial freedom before the age of 40. so after my 40s I really want to just enjoy a more relaxed life and I have dreams of traveling the world with my family. dreams that look ridiculous but I'm serious about it. that's why I'm used to saving and investing from a young age. everything that can make money I studied. and getting bitcoin into a retirement plan looks like it would be great too. I've thought about it over and over and it looks like it's going to be good.

[South Park]

Bitcoin is a long term investment that has good prospects, currently I am 28 years old and plan not to work at 40 years old, if I have more finances then I use it to buy bitcoin and some altcoins that have good potential in the future, I hope performance continues to improve so that at the age of 40 I have a business and I think bitcoin is worthy of being used as a retirement savings.

It seems I also have almost the same plan with you. because I also plan to be able to have financial freedom before the age of 40. so after my 40s I really want to just enjoy a more relaxed life and I have dreams of traveling the world with my family. dreams that look ridiculous but I'm serious about it. that's why I'm used to saving and investing from a young age. everything that can make money I studied. and getting bitcoin into a retirement plan looks like it would be great too. I've thought about it over and over and it looks like it's going to be good.

Just remember that such money is supposed to last you a lifetime, if you have dreams of traveling the world and maybe other expensive purchases this increases the money that you need to generate before you are 40 years old and reach your goal of an early retirement, and while I think the price of bitcoin will keep growing during the next years and decades, the higher your expenses are the more dependent you will be of bitcoin maintaining very high prices.

[Casdinyard]

I may consider adding bitcoin as part of my retirement plan but not solely surround it with bitcoin, because everything is a gamble with cryptocurrencies considering their high volatility rate and I couldn't just take that bet considering that retirement savings are supposed to last me until I die. So for the hell of it and a little sentimentality since it helped me a lot, I may own a couple bitcoins regardless of their price point by the time I turn 60, but then focus my retirement fund on fiat since I know for sure it's something I could rely on. When you're working for your retirement savings, profit isn't supposed to be your concern, it should be "Will this money last me enough till I die?" Or "Will this money be enough for my kids/inheritors to last them for a long while?"

[Theones]

I read this article last year and stumbled upon it again today. I find the article quite relevant in 2023, as bitcoin awareness spreads across the world. I feel there will be a positive correlation between its awareness and adoption. Supporters and believers in bitcoin would want to go the extra mile to show their belief in Satoshi's project. Let's talk about retirement. I have provided a snippet of the article below, along with some questions for discussion. I hope we can engage with it.

Some investors may soon be able to add cryptocurrencies to their 401(k) accounts. Fidelity Investments announced Tuesday it will begin allowing investors to put cryptocurrencies such as bitcoin in 401(k) retirement accounts, making it the first provider to do so. The offering will be available midyear for the 23,000 companies that use Fidelity for their retirement accounts. (Of course, your employer, as the plan sponsor, has to agree to it.) Some investors may be wondering if cryptocurrencies have a place in their retirement savings. Many financial advisors say it can be part of a well-balanced investment portfolio, and have noted that clients have already been adding it to their investments outside of employer-sponsored retirement savings.

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

great info shared!
I think its is a good idea too- because when you are weak and jobless - a passive income is all you need. Many people who are good investor would think of this and would be working on the plan

[Gyfts]

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

Where most people make their mistake is they don't invest early enough. The key time to begin investing is in your 20's as those contributions have the capability to grew 10 fold over a period of 40-50 years depending on when you retire. Investment accounts should be treated independently from Bitcoin investments because you can almost guarantee certain types of investments will yield you a positive return over a period 40 years. Bitcoin would almost certainly grew by some degree over the same period but perhaps it's less predictable.

That being said, Bitcoin is absolutely critical to a retirement portfolio. Don't put all your eggs in one basket, diversify. People can have varying opinions as to the percentage of your portfolio being Bitcoin, but having Bitcoin as a part shouldn't be a difficult decision to make. A lot of the traditional financial advisers I've seen recommend <5-10% which isn't enough IMO -- to each his own.

[mamesso]

It doesn't matter if you plan to save Bitcoin for retirement savings, it's definitely not a bad idea. One thing you should know, there is no certainty in life, how long you can survive with the assets you have in the form of Bitcoin. I mean, when you are admitted to the hospital and need big expenses, while your financial condition at that time is unstable, your only hope is in the assets you keep in Wallet. Like it or not you have to sell it even though at that time the value of the assets you have is decreasing.

It is worth reviewing this plan if you are not very wealthy. You need to underline that the very high volatility of Bitcoin makes you have to be prepared for risks. Choose investment media wisely, you can easily sell it and not reduce the value of your assets. Of course you can understand what I mean.