Would You Consider Adding Bitcoin to Your Retirement Savings

[Fesatmas]

Learning from some people I say that it is the smartest thing to include bitcoin in the portfolio funds retire, at a price that gets longer and longer each cycle both the lowest price point and the highest price point. There's so much potential that bitcoin has a very high return for a retirement fund that's more what you put in it today, it would be stupid of me to pass it up if I've watched and know how bitcoin does it for long term holders, Until today I still collecting bitcoin bit by bit for my retirement fund, and thankfully I'm still holding on to it.

[KiaKia]

I bet that everyone will want to add Bitcoin to their retirement plan but there are some risks involved, you should know that in the near future the regulators might find answers to how to regulate Bitcoin itself, I know this could sound like it's stupid but who knows? Also understand that Bitcoin is not insured by any federal depository insurance companies which means that you have no chance of getting your money back if anything unexpected happens to Bitcoin.

A while ago, I think to myself, if there is ever going to be a decentralized insurance company that can help insure bitcoin and crypto investment, I've seen lossless and Checkdot but I am still yet to be satisfied, maybe some might tell me how IRA might be of help? But that's still a centralized entity.

[Iranus]

Learning from some people I say that it is the smartest thing to include bitcoin in the portfolio funds retire, at a price that gets longer and longer each cycle both the lowest price point and the highest price point. There's so much potential that bitcoin has a very high return for a retirement fund that's more what you put in it today, it would be stupid of me to pass it up if I've watched and know how bitcoin does it for long term holders, Until today I still collecting bitcoin bit by bit for my retirement fund, and thankfully I'm still holding on to it.

It would be a wise decision to add bitcoin to our retirement assets. But don't depend entirely on bitcoin, bitcoin offers high returns but also very high risk, and the future of bitcoin is still a question mark. I mean, nothing is absolutely safe in this world, so we need to have backup plans, we should diversify our retirement assets with assets other than bitcoin.

Right now, I don't think about accumulating wealth for old age because I have a lot of things to take care of, and I think it's still relatively early to think about that. But I plan when I start, bitcoin will make up 40% of my retirement savings account, I think that's safe for me.

[|MINER|]

In the current state of the banking sector, it would actually be a good idea to add bitcoin to your retirement savings. So considering this aspect, I will also add Bitcoin to my retirement savings. Because the current Fiat currency is slowly going as the inflation is going. Moreover, if we consider today, a person will get his financial freedom in Bitcoin which is not available in banking sectors. Moreover, Bitcoin will not see inflation as its price will continue to increase as the days go by, so it would be wise to follow the DCA strategy and add Bitcoin to your retirement savings.

[JayTrain]

I agree , as more people become aware of bitcoin and its potential benefits. The fact that Fidelity Investments is allowing investors to add cryptocurrencies to their 401(k) retirement accounts is a significant step towards mainstream adoption. As for the question of whether to add bitcoin to one's retirement savings, it ultimately depends on an individual's risk tolerance and investment goals. While some may see it as a high-risk investment, others may view it as a potential opportunity for growth.

[soramon]

Yes i would like add bitcoin to my retirement plan. But, i dont go all in to bitcoin maybe ill put 35% into it. I cant take high risk for my retirement plan so i play safe. We should consider inflation or incoming market crash or maybe war. So, always check your assets and prepare for anything.

[Smack That Ace]

In the current state of the banking sector, it would actually be a good idea to add bitcoin to your retirement savings. So considering this aspect, I will also add Bitcoin to my retirement savings. Because the current Fiat currency is slowly going as the inflation is going. Moreover, if we consider today, a person will get his financial freedom in Bitcoin which is not available in banking sectors. Moreover, Bitcoin will not see inflation as its price will continue to increase as the days go by, so it would be wise to follow the DCA strategy and add Bitcoin to your retirement savings.

Well, banking, fiat, and bitcoin... all have their pros and cons, they all have risks, and no one is perfect here. Don't forget that even without any proof to guarantee that bitcoin will continue to exist forever and increase in price in the future, bitcoin is still being evaluated as a very volatile and risky asset class. If you expect profits, then bitcoin is the best choice, but in terms of safety, it cannot be better than gold and real estate. My retirement savings also have bitcoin, but I diversify because I think the risk will always be there, and diversification helps me limit risk.

[Farma]

if i wanted to put bitcoins in my retirement savings i would keep no more than 15%. in fact, I'd probably save it as an investment, not as retirement savings. that's because the retirement savings that we need to prepare must be of a fixed amount, so that we can share the needs we have in our old age. Meanwhile, we do not know how bitcoin will develop in the future. although we support that, and expect the price to be very high, it's still not certain. keeping retirement savings in bitcoin above 50% may be very risky.

[MoonOfLife]

if i wanted to put bitcoins in my retirement savings i would keep no more than 15%. in fact, I'd probably save it as an investment, not as retirement savings. that's because the retirement savings that we need to prepare must be of a fixed amount, so that we can share the needs we have in our old age. Meanwhile, we do not know how bitcoin will develop in the future. although we support that, and expect the price to be very high, it's still not certain. keeping retirement savings in bitcoin above 50% may be very risky.

I fully support you, bitcoin is not a stable currency that can be saved. It is a very volatile and risky investment. People are confused about bitcoin and don't know what is an investment and what is saving. I will use bitcoin as an investment and count on it to grow my retirement, but like you, it won't make up more than 30% of my retirement.

[Theones]

if i wanted to put bitcoins in my retirement savings i would keep no more than 15%. in fact, I'd probably save it as an investment, not as retirement savings. that's because the retirement savings that we need to prepare must be of a fixed amount, so that we can share the needs we have in our old age. Meanwhile, we do not know how bitcoin will develop in the future. although we support that, and expect the price to be very high, it's still not certain. keeping retirement savings in bitcoin above 50% may be very risky.

I fully support you, bitcoin is not a stable currency that can be saved. It is a very volatile and risky investment. People are confused about bitcoin and don't know what is an investment and what is saving. I will use bitcoin as an investment and count on it to grow my retirement, but like you, it won't make up more than 30% of my retirement.

It is worth reviewing this plan if you are not very wealthy and you need to risk something - either saving or your earning.
Sometimes it go to take the calculated risk and make the life easier.

[Cryptock]

I'd add a part of it to my retirement savings. Probably around 20-30%. Anything more is basically being greedy and an oversight. There are a lot of other investment vehicles out there that can also be great when held long term. While we may be heading towards the digitization of everything in the future, traditional investments like real estate and precious metals won't hurt to hold. I'd very much want my portfolio to contain those if it ever is my retirement savings that I'm speaking of.

agreed
good point mentioned - even you earn lakhs but survival is very difficult these days.
If you do a side business - there are more expenses than profit. And it brings depression in return as well. maybe investing in bitcoin brings some return to us

[Theones]

if i wanted to put bitcoins in my retirement savings i would keep no more than 15%. in fact, I'd probably save it as an investment, not as retirement savings. that's because the retirement savings that we need to prepare must be of a fixed amount, so that we can share the needs we have in our old age. Meanwhile, we do not know how bitcoin will develop in the future. although we support that, and expect the price to be very high, it's still not certain. keeping retirement savings in bitcoin above 50% may be very risky.

I fully support you, bitcoin is not a stable currency that can be saved. It is a very volatile and risky investment. People are confused about bitcoin and don't know what is an investment and what is saving. I will use bitcoin as an investment and count on it to grow my retirement, but like you, it won't make up more than 30% of my retirement.

good points mentioned but how know the future - what if something more valuable comes in?
The future is unpredictable and you never know when the good investment fails. Consider for example the situation we have seen during COVID - many big business fail. and many failed business exceled.

[TimeTeller]

if i wanted to put bitcoins in my retirement savings i would keep no more than 15%. in fact, I'd probably save it as an investment, not as retirement savings. that's because the retirement savings that we need to prepare must be of a fixed amount, so that we can share the needs we have in our old age. Meanwhile, we do not know how bitcoin will develop in the future. although we support that, and expect the price to be very high, it's still not certain. keeping retirement savings in bitcoin above 50% may be very risky.

I fully support you, bitcoin is not a stable currency that can be saved. It is a very volatile and risky investment. People are confused about bitcoin and don't know what is an investment and what is saving. I will use bitcoin as an investment and count on it to grow my retirement, but like you, it won't make up more than 30% of my retirement.

good points mentioned but how know the future - what if something more valuable comes in?
The future is unpredictable and you never know when the good investment fails. Consider for example the situation we have seen during COVID - many big business fail. and many failed business exceled.

Well, you can always convert to other assets if you think there will be more valuable ones in the future.
But you can save some bitcoins while you believe it is still worth of your time.
And it will only be one of your assets, always best to have more tangible assets in your portfolio.
When it comes to bitcoin, it would be smart to put it into investment rather than retirement savings.
So you can move it when you feel you need it. Because putting it into retirement, you may have target period to check it.
And as technology evolves fast these days, we don't know what will happen to crypto in the near future.

[JayTrain]

It's exciting to see the potential for cryptocurrencies like bitcoin to be added to retirement savings accounts, providing a new investment opportunity for those who believe in the long-term potential of the technology. As someone who supports bitcoin, I would consider adding it to my retirement savings, possibly at a 25-50% allocation. I think accepting bitcoin into a retirement savings account could be considered a form of the Dollar Cost Averaging (DCA) method, as it allows for regular investment and accumulation over time.

[siniminomorocomunisakito]

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?

My opinion on Investing in bitcoin as part of a retirement plan is a decision that should be considered carefully based on individual risk tolerance and long term financial goals. While diversifying one's retirement savings with assets such as bitcoin and gold can provide a hedge against inflation, it is important to balance potential rewards with potential risks.

Accepting bitcoins into a retirement savings account can be a form of the Dollar Cost Averaging (DCA) method, allowing the accumulation of bitcoins over time. Ultimately, the decision to include bitcoin in a retirement savings plan should be made based on individual circumstances and investment goals.

[Semar Mesem]

Bitcoin is an asset that in my opinion will be increasingly popular and expensive, many predict that in the next 5 years the price can reach at least $ 1 million, this is natural because the number of bitcoins does not change and the mining process is increasingly difficult because of the halving day which makes the stock decrease and the level of difficulty increases.

[Cryptock]

Bitcoin is an asset that in my opinion will be increasingly popular and expensive, many predict that in the next 5 years the price can reach at least $ 1 million, this is natural because the number of bitcoins does not change and the mining process is increasingly difficult because of the halving day which makes the stock decrease and the level of difficulty increases.

I think things will change with the passage of time. There will be more interesting and profitable things coming in future and we don't know the future of bitcoin.

[Theones]

Bitcoin is an asset that in my opinion will be increasingly popular and expensive, many predict that in the next 5 years the price can reach at least $ 1 million, this is natural because the number of bitcoins does not change and the mining process is increasingly difficult because of the halving day which makes the stock decrease and the level of difficulty increases.

After Covid - i think life and world is so unpredictable that you never know what is coming up next
I have lost trust on all the things.
But there is no harm in adding bitcoin to the retirement plan

[nesty]

Of course Yes I will adding up Bitcoin to my retirement savings. Bitcoin had been in the crypto market for so long now and it will continue to rise in the near future. If the continue rises most definitely the retirement fund that we hold will be more profitable in that case our retirement will be comfortable, and enough to sustain our finances during retirement. But of course before investing wait for the market to become bearish so that you can buy bitcoin at a very much cheaper price.

[YUriy1991]

My view on Adding bitcoins to one's retirement savings could be a wise decision for those who believe in the potential of cryptocurrencies as a long term investment. pensions are increasing. I think that adding bitcoins to retirement savings should be done with care and after careful consideration although there may also be concerns about government regulation of bitcoins and the impact it can have on one's investment but it is always a good idea to diversify retirement savings and consider all investment options, including bitcoin, to maximize profits later.