Bitcoin retirement benefits

[FiveG]

Think of when you're aged enough, and you've enough bitcoin investment, with your small or big family no time to wait for government to pay retirement benefits. At this aged point so many things plays in your minds but no much strength to carry out any physical activities or you're ready to relocate to your village or where you build house. If you've built a good investment relationship with bitcoin then bitcoin has the following retirement benefits preferred to government or company rights:

1. Your bitcoin is right inside your pocket with your devices, no need to loby to get paid
2. You don't need to submit application, retirement documents
3. Bitcoin has no waiting season, anytime is your money
4. You don't need to struggle, fight and loby to process your retirement documents
5. When you WILLS or share your bitcoin to your children nobody will hear it
6. Nobody will threatens or charm you for receiving retirement benefits from bitcoin since is not physical cash.
7. You decided when and how to withdraw or keep it your choice.
By retirement benefits I mean when you're aged enough and you're no longer into bitcoin trading or investing more but you've enough bitcoin to withdraw and share, built family house, business and trains children. That's show you retired great.

[Darker45]

No doubt, Bitcoin is a great retirement option. But it isn't really hassle-free. It isn't actually 100% smooth and convenient all the time as you may want to portray it. It has its own share of hassles so to speak.

Bitcoin isn't really just inside your pocket and you don't need to do anything to use it. You will probably have to convert some, so you still have to deal with the banks and other third parties. There might still be delays and other glitches.

Bitcoin is also not an anytime money. Its volatility means there are good and bad times to transact.

As to possible threats and harm, you're actually not free from them just because you use Bitcoin.

My point is that while Bitcoin indeed makes our life better, it doesn't actually make it ideal.

[Stella Mese]

bitcoin does have many benefits and if we are interested in making btc a retirement asset to enjoy in old age there is certainly nothing wrong with it, and this is almost the same as investing in btc for the long term.

your topic is pretty good too, because if you apply the system as you mean, of course it's a good decision, as long as we are ready with the risk of investing in btc
because as we know btc has a fluctuating nature so of course our have to be careful, because we won't know the price of btc for the future.

[BountyHunter15]

No doubt, Bitcoin is a great retirement option. But it isn't really hassle-free. It isn't actually 100% smooth and convenient all the time as you may want to portray it. It has its own share of hassles so to speak.

Bitcoin isn't really just inside your pocket and you don't need to do anything to use it. You will probably have to convert some, so you still have to deal with the banks and other third parties. There might still be delays and other glitches.

Bitcoin is also not an anytime money. Its volatility means there are good and bad times to transact.

As to possible threats and harm, you're actually not free from them just because you use Bitcoin.

My point is that while Bitcoin indeed makes our life better, it doesn't actually make it ideal.

i agreed with your point it,s better to secure future with bitcoin with high possibility. bitcoin is volatile that,s why we should be multiple chances to trade on it to make double portfolio via trading. yes of course it sometime alot of movement in price to generate huge money. on the other ways people making high profit with crypto in bull run. they have vision as long term to make high passive returns

[retreat]

Bitcoin is the best choice as a retirement fund because it can give us the opportunity to get high profits in the future, therefore saving Bitcoin from an early age is very good. But some say that "don't put all your investments in one basket" and you definitely know what that is, when you put all your investments in one basket the risk of you losing your investment is quite high, therefore we also need to diversify our investments and not put everything in one basket.

[ChiBitCTy]

Bitcoin is the best choice as a retirement fund

No, it isn't.

I've written about this topic in detail, you can see an old topic thread that I made titled "Bitcoin is NOT a replacement for the stock market/ traditional investments" - https://bitcointalk.org/index.php?topic=5288768.msg55577767#msg55577767

Bitcoin is inherently a currency, a digital currency.  Just as the US dollar and all fiats are currently traded and used as investment assets, so has bitcoin..but, that's not what it is by definition.  Therefore it is very different than stocks or bonds or money markets or whatever.

It's important to have a foundational retirement portfolio in place before you spend much on bitcoin as an investment.  

[dansus021]

In my opinion bitcoin can be a retirement plant in fact fidelty investment offering 401(k) plan with cryptocurrency in it/
"In early 2022, Fidelity became the first major financial services firm to offer investors the chance to add crypto assets to their 401(k) retirement accounts. The company is a giant in the retirement business, holding more than $2 trillion in 401(k) assets, and administers the pension plans of more than 23,000 companies across the country. The company announced in April that by late 2022, employees will be able to add Bitcoin to their 401(k) accounts—if their employer allows it.
" - https://www.investopedia.com/how-fidelity-crypto-401k-works-5324019

But It thing the best is to keep it more diversity since crypto is high volatility

[Rigon]

I thing always think is that anyone who has an advantage has disadvantage. A person should invest bitcoins for a bright future life. But you should always remember that Bitcoin investment is very risky. There is always price volatility in the Bitcoin market. When the Bitcoin market reached an all-time high of $69000, I was willing to invest because I thought the market would go up from here and might not go down. From there I didn't invest then when the market started dumping and reached $40k I invested. Since then the market has only been dumping, since then I have had a lot of losses. So I mean when a person invests bitcoin for retirement and in old age that bitcoin investment is like my investment then he will end up miserable. So I mean keep some money in bank or house in cash not just bitcoins for future planning. When losses occur after investing, I can use the money left to meet my needs without selling the bitcoins.  

[SamReomo]

Bitcoin is really a valuable asset at the age of retirement but still comparing it with fiat for the retirement won't be a fair thing. The retirement fund and pension is totally a different concept because if you get retired as a government servant you will get your monthly pensions without any effort after the age of 60.

I know the beginning process might be hard at the time of retirement because that process is really time consuming and requires some hard work and patience. And once you did that then you won't have to work any harder for getting your monthly pay slips.

On the other hand if you hold Bitcoin at the age of retirement you'll still have to be a careful person because if that's the only investment that you have at that age then safety would be the most important thing for you. As you know that Bitcoin isn't prone to technical bugs and vulnerabilities that an OS or a software could have and if your system gets hacked that is holding your bitcoins then you might not be able to recover your stolen Bitcoin.

There are also some other problems that you must have to handle if you want to get retirement with Bitcoin investment, and one of them is to always make backups of your wallets on different storage medias as any of them are prone to failure and can stop working at any time.

I would still recommend to go with both of them if you have opportunity. Even with a job you can invest in Bitcoin and have the benefits of both the pension and the investment at the time of retirement. It's always better to have two options rather than once so you can be safe without any worries.

[Poker Player]

Well, I, on this topic, perhaps differ with people on the forum who have 100% of their net worth in Bitcoin or a large part of it.

For me the retirement has to be approached from a variety, and not just focusing on having X amount of Bitcoin, as for life in general.

One thing you have to have in retirement is your paid house. Ideally many years before.

Another thing is to have several sources of income. It can be jobs that you still like to do, like for example writing for pay, and passive income, like dividends.

Then, yes, a certain amount of Bitcoin to supplement, and then you consider whether to make partial sales and/or leave it in inheritance.

[Sebas.tian]

7. You decided when and how to withdraw or keep it your choice.
By retirement benefits I mean when you're aged enough and you're no longer into bitcoin trading or investing more but you've enough bitcoin to withdraw and share, built family house, business and trains children. That's show you retired great.

That's why many investors are still investing in Bitcoin, so that when that old age appear they will have nothing to worry about at the moment than to start using the bitcoins they store in the past to do whatever they want to do in the community. I don't think, I will miss my retirement benefits from Bitcoin because I have started saving some Bitcoin in my wallet so that when old age come, I will fall back to my Bitcoins and use them wisely to build some companies that will be bringing money to the family. And when the children grow up to see the investments in place they will definitely respect their parents for using the retirement benefits well.

[Helena Yu]

1. Your bitcoin is right inside your pocket with your devices, no need to loby to get paid
2. You don't need to submit application, retirement documents
3. Bitcoin has no waiting season, anytime is your money
4. You don't need to struggle, fight and loby to process your retirement documents
5. When you WILLS or share your bitcoin to your children nobody will hear it

Actually all of your 5 points are similar to each other, you're talking about centralization. If you're working in a centralized company and your retirement will be paid in Bitcoin, do you think your Bitcoin will automatically arrive in your wallet? you're wrong because the company is controlling your Bitcoin, they can choose to not send your Bitcoin. This mean there's no difference between retirement paid in fiat or in Bitcoin.

6. Nobody will threatens or charm you for receiving retirement benefits from bitcoin since is not physical cash.

They can go into your house and threaten you with $5 wrench attack.

7. You decided when and how to withdraw or keep it your choice.

It's same like fiat.

The conclusion is I don't find any benefit between fiat or Bitcoin for retirement based on your 7 points.

[mk4]

This can mostly apply to almost any other investment that you think will appreciate — it's not really exclusive to bitcoin alone. But I get your point.

[pooya87]

As long as you diversify for your retirement, bitcoin is definitely an excellent option to have in your "basket". It has a tremendous amount of potential for growth and more importantly we are still in very early stages of adoption and far away from reaching mass adoption.

But you have to be careful about the other options you choose. It depends on certain factors like where you live, your personal preference and knowledge about that asset, time, etc. For example these days the stock market is the worst choice specially in places like US and Europe where the recession is creeping in and majority of companies have been having lots of troubles with energy crisis, inflation, etc. that they had to fire employees or even some file for bankruptcy, all of which has led to more dumps in the market.

[Dave1]

There could also be another very important factor as well, where you save your bitcoin as a retirement, and I think it will be better it will be on a hardware wallet and then you have backups of the mnemonic and private keys as well.

Because if you have poor security hygiene, you don't know, maybe what you thought that you have big money for retirements turns out to be 0 when hackers or even close relative of yours find your private keys and swept it right away. So just be careful on who you told about your bitcoin and your plan retirements.

[benalexis12]

You know, after all, if we can only accumulate bitcoin within 5-10 years little by little, it will probably surpass the so-called mutual fund because we don't know what value Bitcoin will be after 10 years.
Because we know that every time its value in the market will definitely increase, especially next year many people hope that its value will really increase when bitcoin halving comes, we don't just know what its price will be in the market, as long as it's important is that we have something to save with bitcoin every time we can buy something, that's how simple it is to understand.

[AicecreaME]

No doubt, Bitcoin is a great retirement option. But it isn't really hassle-free. It isn't actually 100% smooth and convenient all the time as you may want to portray it. It has its own share of hassles so to speak.

Bitcoin isn't really just inside your pocket and you don't need to do anything to use it. You will probably have to convert some, so you still have to deal with the banks and other third parties. There might still be delays and other glitches.

Bitcoin is also not an anytime money. Its volatility means there are good and bad times to transact.

As to possible threats and harm, you're actually not free from them just because you use Bitcoin.

My point is that while Bitcoin indeed makes our life better, it doesn't actually make it ideal.

I agree.

Tho, we can't deny it that it's better than using fiat as your retirement plan. Withdrawing it in a bank ain't that hard as long as you're withdrawing decent amount, unless you're going for too big cash that will make them suspect you on where did you get such large amount of cash, but I think it will still vary on what kind of work did you do before you retired, if it paid well, then I don't see any problem withdrawing big cash.

The harm that could get to you is very minimal, unless your relatives or friends are bad people that want to steal your Bitcoin, or if you're bragging it on social medias.

[irhact]

Think of when you're aged enough, and you've enough bitcoin investment, with your small or big family no time to wait for government to pay retirement benefits. At this aged point so many things plays in your minds but no much strength to carry out any physical activities or you're ready to relocate to your village or where you build house. If you've built a good investment relationship with bitcoin then bitcoin has the following retirement benefits preferred to government or company rights:

Those benefits can also be received when you invest in other things like real estate and other profiting investment. If you don't need much paper works, you can invest in Bitcoin and get similar result as those investment that requires much paperwork. As a individual that knows one day, you'll become a senior citizen is important to invest for your future.

Investing is very important, but make sure you're investing in the right things so no regret in the future of investing instead of enjoying your youthful age like your peers. If you invest rightly then you can enjoy all the benefits that you've listed, it works for all investment.

[wxa7115]

Think of when you're aged enough, and you've enough bitcoin investment, with your small or big family no time to wait for government to pay retirement benefits. At this aged point so many things plays in your minds but no much strength to carry out any physical activities or you're ready to relocate to your village or where you build house. If you've built a good investment relationship with bitcoin then bitcoin has the following retirement benefits preferred to government or company rights:

Bitcoin can be an additional option for your retirement but it should not be your number one option, by law in most countries if you have a job then some of the money you earn should go to your pension fund, if you also save part of your monthly income, invest on bitcoin and you do this consistently then you could afford a better retirement or to retire early.

However do not use bitcoin exclusively for your retirement, as even if I believe bitcoin will be around for a very long time, we are talking about your future here, and if for some reason you had no other savings and at the time the price of bitcoin in terms of fiat was on the low side then you will go through your savings way faster than what you imagined, and you may have to work again when you never had any plans to do so.

[ImThour]

+vouch, I think something similar too, and In my honest opinion, Bitcoin should be taken as the best retirement investment.
Instead of buying shitty stocks which goes up 13% an year, I would love to ride big with Bitcoin. It's just amazing and the Cryptoverse is so interesting and happening.

[ethereumhunter]

There is no doubt that bitcoin has all these advantages and is not dependent on government or private parties to get money for our lives. We can sell the bitcoins we have any time we want and have the money to use for our needs. And investing in bitcoin means we are preparing our life where we can live independently and survive if one day, life becomes more difficult than it is now. And if we can also prepare our children to be able to invest in bitcoin, that means we are also preparing their lives for the future so that they can be better than what we have now.

[taufik123]

-snip-
And if we can also prepare our children to be able to invest in bitcoin, that means we are also preparing their lives for the future so that they can be better than what we have now.

Teaching from a young age how to invest in bitcoin will help our children understand what we are doing.
Bitcoin is a good investment in the future and if we buy it now 5 or 10 years from now the price may be much higher than now.

Bitcoin can also be an inherited asset that we will give to our children later. It is the perfect long-term investment.
It is not regulated by governments or third parties, only users can regulate it. there are no storage fees or other charges. 

[retreat]

Bitcoin is the best choice as a retirement fund

No, it isn't.

I've written about this topic in detail, you can see an old topic thread that I made titled "Bitcoin is NOT a replacement for the stock market/ traditional investments" - https://bitcointalk.org/index.php?topic=5288768.msg55577767#msg55577767

Bitcoin is inherently a currency, a digital currency.  Just as the US dollar and all fiats are currently traded and used as investment assets, so has bitcoin..but, that's not what it is by definition.  Therefore it is very different than stocks or bonds or money markets or whatever.

It's important to have a foundational retirement portfolio in place before you spend much on bitcoin as an investment.  

Yes, it's true, it's the same as other investment assets, so I also emphasize that Bitcoin is the best investment for a retirement fund, but don't put all your investments in one asset (Bitcoin) because this asset also has quite a high risk and put all your investments in assets with high risk is very unwise. So you need to read my statement in its entirety.

[aoluain]

This can mostly apply to almost any other investment that you think will appreciate — it's not really exclusive to bitcoin alone. But I get your point.

There is one point the OP mentioned which is _almost exclusive to Bitcoin and really
counts on its decentralised nature and that is the transfer of it from one person to
another without the receiver having to incur taxes.

5. When you WILLS or share your bitcoin to your children nobody will hear it

In my country inheritance over €16,000 can be taxed at 33%, the transfer or inheritance
of Bitcoin sidesteps this tax.

[demonica]

It's good if you started investing in Bitcoin at an early age and if you can maintain it for a long time cause after years or decades, its value could increase way more than the amount you invested. But I would say, it's also good to have an early retirement in Bitcoin investment so you can still have the strength to enjoy your life and do what you want with the profits you gained from your Bitcoin investment. Also, you should retire early when you're still capable of handling your own Bitcoin investment, rather than letting others to do it for you (unless you're planning to give it as an inheritance to your family).

It's way faster and easier to use your Bitcoin investment when you're planning to withdraw it for your retirement rather than going to banks and getting a lot of requirements before you can withdraw your own money.

[Awaklara]

By retirement benefits I mean when you're aged enough and you're no longer into bitcoin trading or investing more but you've enough bitcoin to withdraw and share, built family house, business and trains children. That's show you retired great.

One of the obstacles you will receive from your thinking is the market. you know the market for Bitcoin has a very volatile value. if you have a good old days plan but when you want to cash out your Bitcoins in fiat to fulfill your plan but not according to market conditions. then you are at the wrong time. That's because no one really knows the fate of your long-term investment. although I'm sure Bitcoin will be great for the future, but every moment sometimes forces us to sell Bitcoin at prices we don't plan.

[Aanuoluwatofunmi]

1. Your bitcoin is right inside your pocket with your devices, no need to loby to get paid
2. You don't need to submit application, retirement documents
3. Bitcoin has no waiting season, anytime is your money
4. You don't need to struggle, fight and loby to process your retirement documents
5. When you WILLS or share your bitcoin to your children nobody will hear it
6. Nobody will threatens or charm you for receiving retirement benefits from bitcoin since is not physical cash.
7. You decided when and how to withdraw or keep it your choice.
By retirement benefits I mean when you're aged enough and you're no longer into bitcoin trading or investing more but you've enough bitcoin to withdraw and share, built family house, business and trains children. That's show you retired great.

The overall idea here is that you become fully independent with bitcoin, you also have control over your finance and be the pension board four yourself if you have your bitcoin well secured in your personal wallet and maintain the keys private with you, freedom is the first right of what we should always fight for especially when it comes to the matters of things that belongs to us, that's our legitimate right.

[KiaKia]

I don't need to advice you to always have at least some Fiat stores in your bank, having some Fiat in your bank won't stop you from holing your Bitcoin for a long period of time but it's because of emergencies that's why it's not a good plan to put all your money in Bitcoin, there will always be volatility moment in the future of Bitcoin, so to tale profits sometimes will feel wrong because you will be selling your coins for more sats at lesser value, if you understand what I mean.

I also want to be a long term Bitcoin holder and possibly plan my retirement with crypto but we can't push Fiat away as if it's not useful at all, remember that to get what we all desire for we still need Fiat because not all businesses accept Bitcoin or any crypto.

[qwertyup23]

Bitcoin is the best choice as a retirement fund because it can give us the opportunity to get high profits in the future, therefore saving Bitcoin from an early age is very good. But some say that "don't put all your investments in one basket" and you definitely know what that is, when you put all your investments in one basket the risk of you losing your investment is quite high, therefore we also need to diversify our investments and not put everything in one basket.

If we are going to base the trend of the price of BTC in its price history index, we will see that the price does increase annually. Though there are some instances where its price skyrockets and falls at the same time, the trend is that every time a fork happens, the price increases.

Rather than saving it as a retirement savings, use it as an investment where you maximize its potential by cashing-out when your investments mature. In other words, if your initial investment already profited, then at least 50% of it should be withdrawn and the remaining 50% for re-investment purposes.

Personally, I would maximize the potential of BTC by using it both as an investment and a retirement fund for HODLing purposes.

[paid2]

1. Your bitcoin is right inside your pocket with your devices, no need to loby to get paid
2. You don't need to submit application, retirement documents
3. Bitcoin has no waiting season, anytime is your money
4. You don't need to struggle, fight and loby to process your retirement documents
5. When you WILLS or share your bitcoin to your children nobody will hear it
6. Nobody will threatens or charm you for receiving retirement benefits from bitcoin since is not physical cash.
7. You decided when and how to withdraw or keep it your choice.
By retirement benefits I mean when you're aged enough and you're no longer into bitcoin trading or investing more but you've enough bitcoin to withdraw and share, built family house, business and trains children. That's show you retired great.

I agree with your idea, I am building myself my retirement savings plan in BTC month after month and I believe deeply in the potential of BTC in the very long term.

I agree with almost all of the points you made, but we shouldn't focus solely on the positive aspects of BTC for a retirement plan.
It is true that no one will know about a potential inheritance, it is true that the documents and paperwork required to justify a pension are exhausting. But BTC also has potential disadvantages for a pension plan, such as:

- in some countries it may be extremely taxed, and if you can't pay things directly in BTC, the taxes can be painful
- PoW coins could be banned because of stupid pro-environmental / ecological laws (like what is coming with the MiCA law in the EU)
- even if I am confident about the very long term, the value of BTC fluctuates and this could cause problems and unforeseen events at unpredictable moments

But as said, I am globally as convinced as you are of the advantages of Bitcoin for the construction of a savings plan for my old age, I just think that it is necessary to remain objective on the qualities and drawbacks of such a plan

[thecodebear]

Yes. I retired in my 30's a few years ago thank to Bitcoin. While of course I can't directly spend my Bitcoin yet, it is allowing my wealth to grow rapidly every four years in retirement, I don't have to try to pick stocks or anything like that, I don't have to worry about bank collapses with my money in it, and if I were say to go live in another country it goes with me with gatekeepers. Of course it will be much more convenient once I can actually spend Bitcoin readily and I can just have a LN wallet ready to spend anywhere I am. But in terms of wealth growth and safety it is great and the only reason I was able to retire so early.

[serjent05]

It will only be great and beneficial if Bitcoin keeps on up-trending.  What if in the middle of the waiting process, Bitcoin suddenly collapses?  Would you still consider it beneficial?  There is always a risk in the process.  It is good to look at Bitcoin in an optimistic way but we should never set-asides risks and possibilities that can happen in the future.  We should always think about the other side of the coin.  Weigh them and come out with a more balanced approach that will not jeopardize our retirement fund.

I think it is always best to balance things.  While we are into Bitcoin investment, we should also diversify and not put all our eggs in one basket.  

[Oasisman]

As always, Bitcoin provides us with convenience that the traditional process gives us a hard time every time we process to claim our money. I'm not sure with other countries, but I think usually when we are processing to get our money back it most certainly takes a a day or two before your claim is completed. Especially with retirement benefits, that could take several weeks before the actual benefit disbursement takes place here in my country. So, yeah not only does bitcoin is protecting our money with inflation but it will also save us some hassle in the future.

[Eternad]

7. You decided when and how to withdraw or keep it your choice.
By retirement benefits I mean when you're aged enough and you're no longer into bitcoin trading or investing more but you've enough bitcoin to withdraw and share, built family house, business and trains children. That's show you retired great.

The rest of list shows the convenience of Bitcoin over fiat services since it’s decentralized and you full control to your finance.

This benefits can only go wrong in to disaster if ever the price of Bitcoin collapse by the time you want to retired. Sometimes timing and destiny is too cruel on us. It will hit as a bad timing such as market crash on times that we need it the most. Bitcoin retirement benefits is like a double edge sword. It can give you 3 way result.

*More money than you save
*Same amount of your savings
*Less amount than what you save

There’s always a time that Bitcoin erased the previous profit in a cycle. Still this is a good plan judging by the overalls chart of Bitcoin which is continuously increasing for more than a decade. Finger crossed that this huge parabolic curve will not gonna end badly.

[SOKO-DEKE]

Investing in bitcoin at right time when someone is still in service is very good option which can come with a great benefits in future after retirement.

A person who invests in Bitcoin and is patient enough to hold onto it for a long time would undoubtedly make a good return from their investment, according to the limited knowledge I have with the cryptocurrency sector, particularly with regard to Bitcoin.it will be good opportunity for a civil servant to start investing in bitcoin using the DCA technique is the ideal way to plan for the future after retirement. This will likely be far more beneficial for them in the long run than serving the money in bank accounts that will likely to lose value due to inflation.

[ajiz138]

Maybe many people will agree with bitcoin as a retirement fund that they have invested in since they were young because of course it has benefits that are easier to control themselves than relying on government pension funds, of course there are some requirements that are too complicated and that's what many hate because it won't be that easy.

Bitcoin won't be in the bag forever with prices continuing to rise, but think about how bitcoin crashes because it has high volatility so we can't prevent it, not to mention that it causes other factors that affect the value of bitcoin to fall, so if you only rely on bitcoin then it's not will be able to except having a lot of bitcoin in the wallet maybe we will cover all the needs of his old days.

Keep diversifying while you can take advantage of bitcoin from now on and buy some properties that you think the price will go up, the rest you can use bitcoin as a reserve asset or both funds.

[Ultegra134]

This can mostly apply to almost any other investment that you think will appreciate — it's not really exclusive to bitcoin alone. But I get your point.

There is one point the OP mentioned which is _almost exclusive to Bitcoin and really
counts on its decentralised nature and that is the transfer of it from one person to
another without the receiver having to incur taxes.

5. When you WILLS or share your bitcoin to your children nobody will hear it

In my country inheritance over €16,000 can be taxed at 33%, the transfer or inheritance
of Bitcoin sidesteps this tax.

Bitcoin and investing are both great, but what the OP claimed isn't entirely true. Bitcoin is far from a retirement fund, unless you bought it from 2011 to 2016, which is quite unlikely. Apart from that, even if we suppose that you'd like to withdraw your coins, they'd have to go through an exchange, and if we're talking about a large amount of money, it may not be that simple. So yes, while you have 100% access to your money, exchanging it into fiat and withdrawing it isn't an option readily available. And the most important of all, you're not guaranteed to make money. I've been here since 2014 and have managed to earn a decent sum of money, but it's unlikely that it would ever be enough to retire even if Bitcoin's value exploded.

[tabas]

How many have already decided to make Bitcoin as their retirement plan? Answer: too many. All of those factors you've said are good and someone can easily sell Bitcoin at anytime an individual wishes to do it. There's no intervention from any third party and the retiree can get his money anytime that he can no matter what is the situation of the market. While many can't take a whole bitcoin as a savings, don't think about that but make sure you're able to save as much as you can and that's the plan for your retirement money. We may not be as wealthy as the others but we're wiser than them who doesn't think this way. A smart person will still have his benefit at the end as we grow older and we'll enjoy it through our retirement.

[Bitcoin_people]

There are pros and cons to using Bitcoin. For example those who invested when the Bitcoin market reached its peak must have lost a lot of money now. Investing when the Bitcoin market is in an investing position is sure to have a bright future. However, it should be noted that the price of Bitcoin is always volatile in the market, so there is a possibility of risk. I think when a person has free time investing in Bitcoin can make his future better. But it is better to invest when the market is dumping. of course investing requires good skills and patience first. Investing in bitcoins can lead to profit and loss but one has to be careful about it and try to hold it for a long time with confidence.

[Litzki1990]

You are absolutely correct in the way you think about Bitcoin.  After retirement, there is usually a lot of harassment to get the retirement money in your account. You have to apply at different places for this one-time amount. And when that money is found in hand after a lot of harassment, it is seen that there are many arguments about that money, many family members are demanding a share of that money and the person has to face various other problems. If the person has Bitcoin investments then the person retiring will not have to suffer all these harassments. So everyone should invest in Bitcoin regardless of age.

[_BlackStar]

You are absolutely correct in the way you think about Bitcoin.  After retirement, there is usually a lot of harassment to get the retirement money in your account. You have to apply at different places for this one-time amount. And when that money is found in hand after a lot of harassment, it is seen that there are many arguments about that money, many family members are demanding a share of that money and the person has to face various other problems. If the person has Bitcoin investments then the person retiring will not have to suffer all these harassments. So everyone should invest in Bitcoin regardless of age.

Bitcoin is one option worth considering, but several other investments are also options.
I haven't thought about how these bitcoin will be useful to my kids in 10 or 20 years. But I will try to absorb more of the possibilities of building a business of my current bitcoin profits so they are of use to them in the future.

I hope you understand what I mean, it means you can prepare for your retirement with any investment instead of just bitcoin. After all, when you are planning a long term investment especially as your investment in your retirement, then think about inheritance.

[teosanru]

Think of when you're aged enough, and you've enough bitcoin investment, with your small or big family no time to wait for government to pay retirement benefits. At this aged point so many things plays in your minds but no much strength to carry out any physical activities or you're ready to relocate to your village or where you build house. If you've built a good investment relationship with bitcoin then bitcoin has the following retirement benefits preferred to government or company rights:

1. Your bitcoin is right inside your pocket with your devices, no need to loby to get paid
2. You don't need to submit application, retirement documents
3. Bitcoin has no waiting season, anytime is your money
4. You don't need to struggle, fight and loby to process your retirement documents
5. When you WILLS or share your bitcoin to your children nobody will hear it
6. Nobody will threatens or charm you for receiving retirement benefits from bitcoin since is not physical cash.
7. You decided when and how to withdraw or keep it your choice.
By retirement benefits I mean when you're aged enough and you're no longer into bitcoin trading or investing more but you've enough bitcoin to withdraw and share, built family house, business and trains children. That's show you retired great.

But just a different perspective isn't even equity stocks the very same thing for anyone? I get that a retirement KRA does have complications but equity is still your liquid money so it's pretty same for that as well i feel. Also bitcoin does have a waiting season, what if the market is bad at this time? You'll never be able to withdraw your earnings in this time.

[mv1986]

No doubt, Bitcoin is a great retirement option. But it isn't really hassle-free. It isn't actually 100% smooth and convenient all the time as you may want to portray it. It has its own share of hassles so to speak.

Bitcoin isn't really just inside your pocket and you don't need to do anything to use it. You will probably have to convert some, so you still have to deal with the banks and other third parties. There might still be delays and other glitches.

Bitcoin is also not an anytime money. Its volatility means there are good and bad times to transact.

As to possible threats and harm, you're actually not free from them just because you use Bitcoin.

My point is that while Bitcoin indeed makes our life better, it doesn't actually make it ideal.

I think it is important to define the timeframes and the needs or financial possibilities someone expects a Bitcoin-based retirement to provide. The timeframe is extremely important. Is OP implying that they want to replace their retirement from the government 1:1 with long-term savings in Bitcoin? If yes, when is this retirement plan supposed to kick in?

While I am firm believer in the long-term success of Bitcoin, I would still not recommending putting 100% of your savings into Bitcoin. It is still a technology with strong potential to threaten the legacy financial system. There are a couple of uncertainties that might pose some threat to short-term availability and usability for Bitcoin. I think a healthy mix is the way to go.

The volatility should probably only be an issue in the short-term, but assuming that someone starts putting monthly savings into Bitcoin for a very long period of time as a preparation for a solid retirement plan, volatility is probably going to be cancelled out mostly. It doesn't really matter whether something is volatile when it follows an upwards trend in the long run.

[alastantiger]

1. Your bitcoin is right inside your pocket with your devices, no need to loby to get paid
2. You don't need to submit application, retirement documents
3. Bitcoin has no waiting season, anytime is your money
4. You don't need to struggle, fight and loby to process your retirement documents
5. When you WILLS or share your bitcoin to your children nobody will hear it
6. Nobody will threatens or charm you for receiving retirement benefits from bitcoin since is not physical cash.
7. You decided when and how to withdraw or keep it your choice.
By retirement benefits I mean when you're aged enough and you're no longer into bitcoin trading or investing more but you've enough bitcoin to withdraw and share, built family house, business and trains children. That's show you retired great.

This is the life that most people I know what for themselves but my question is why wait till 60 before you retire. You and retire with at 40 and have a great life with bitcoin if that is what you want. I am a fan of bitcoin but you make it look so easy. If you do not keep it safe, you'd lose it to hackers. I still do not think that anyone should have all their retirement funds in bitcoin which is still in a highly volatile market and anything can happen at any time. Before one considers this option speak with a financial advisor.

[JoyMarsha]

-snip-
And if we can also prepare our children to be able to invest in bitcoin, that means we are also preparing their lives for the future so that they can be better than what we have now.

Teaching from a young age how to invest in bitcoin will help our children understand what we are doing.
Bitcoin is a good investment in the future and if we buy it now 5 or 10 years from now the price may be much higher than now.

Bitcoin can also be an inherited asset that we will give to our children later. It is the perfect long-term investment.
It is not regulated by governments or third parties, only users can regulate it. there are no storage fees or other charges. 

The fact that it cannot be regulated by the government, third parties, or other investment companies that require renewal to keep it operating over the long term is what makes bitcoin so wonderful.

the best course of action for having bitcoin for the future is to keep it safe in a hard wallet and observe how its value increases over time without the fear of loss of assets but a secured assets.

Imagine someone hodling bitcoin for 20–30 years from now. Picture what the price will be by that time. Who knows if it will cost $500k or more?

[Fivestar4everMVP]

Well thought out @op, indeed, bitcoin is a great retirement option for those looking for an asset to invest their retirement fund in, bitcoin indeed is a great option, I have choose this path as well, saving money in bitcoin is a great way to truly feel financially secured at all time, and getting your money comes with absolute stress free..

I've watched or heard in the news several times how our old forks collapse and die while in queues trying to get their retirement funds, it's time an end is put to such occurrences, would be a great feat for companies to start paying their workers retirement funds in bitcoin.

[landheer]

No doubt, Bitcoin is a great retirement option. But it isn't really hassle-free. It isn't actually 100% smooth and convenient all the time as you may want to portray it. It has its own share of hassles so to speak.

Bitcoin isn't really just inside your pocket and you don't need to do anything to use it. You will probably have to convert some, so you still have to deal with the banks and other third parties. There might still be delays and other glitches.

Bitcoin is also not an anytime money. Its volatility means there are good and bad times to transact.

As to possible threats and harm, you're actually not free from them just because you use Bitcoin.

My point is that while Bitcoin indeed makes our life better, it doesn't actually make it ideal.

i agreed with your point it,s better to secure future with bitcoin with high possibility. bitcoin is volatile that,s why we should be multiple chances to trade on it to make double portfolio via trading. yes of course it sometime alot of movement in price to generate huge money. on the other ways people making high profit with crypto in bull run. they have vision as long term to make high passive returns

I also agree with the points made by the op, and I also think this is a good idea, because one day we will all become old, of course, the necessities of life must always be there.
and if we apply the system as op said, of course there is nothing wrong as long as we invest in btc by first knowing the risks of long-term investment in btc.

but it would be even better if we invest in btc for our retirement funds in old age, plus retirees from other things.
so we don't rely too much on btc because we won't know the price of btc for the long term like the next 30 years and so on.

[Lorence.xD]

You are absolutely correct in the way you think about Bitcoin.  After retirement, there is usually a lot of harassment to get the retirement money in your account. You have to apply at different places for this one-time amount. And when that money is found in hand after a lot of harassment, it is seen that there are many arguments about that money, many family members are demanding a share of that money and the person has to face various other problems. If the person has Bitcoin investments then the person retiring will not have to suffer all these harassments. So everyone should invest in Bitcoin regardless of age.

Bitcoin is one option worth considering, but several other investments are also options.
I haven't thought about how these bitcoin will be useful to my kids in 10 or 20 years. But I will try to absorb more of the possibilities of building a business of my current bitcoin profits so they are of use to them in the future.

I hope you understand what I mean, it means you can prepare for your retirement with any investment instead of just bitcoin. After all, when you are planning a long term investment especially as your investment in your retirement, then think about inheritance.

Yes especially for the older people who can't manage Bitcoin since it's too complicated for them. So I still consider Bitcoin as an alternative investment which also gives a lot of benefits to other investment. Where people already have background such as real estate or in the banks so in the future when you're planning to give your funds to your kids then they could understand it in the future. Cuz Bitcoin is too complicated so it might take a long time for them to figure out the system.

[Jatiluhung]

Think of when you're aged enough, and you've enough bitcoin investment, with your small or big family no time to wait for government to pay retirement benefits. At this aged point so many things plays in your minds but no much strength to carry out any physical activities or you're ready to relocate to your village or where you build house. If you've built a good investment relationship with bitcoin then bitcoin has the following retirement benefits preferred to government or company rights:

1. Your bitcoin is right inside your pocket with your devices, no need to loby to get paid
2. You don't need to submit application, retirement documents
3. Bitcoin has no waiting season, anytime is your money
4. You don't need to struggle, fight and loby to process your retirement documents
5. When you WILLS or share your bitcoin to your children nobody will hear it
6. Nobody will threatens or charm you for receiving retirement benefits from bitcoin since is not physical cash.
7. You decided when and how to withdraw or keep it your choice.
By retirement benefits I mean when you're aged enough and you're no longer into bitcoin trading or investing more but you've enough bitcoin to withdraw and share, built family house, business and trains children. That's show you retired great.

Maybe I will add this idea to my financial and future planning book. Although I also had thoughts about this. But reading what you have to say seems a little more convincing to me.
Currently I do hold bitcoin for long term investment. but before that I didn't plan for when I retired. now i have that on my mind thanks to your post.

And now I'm remembering a bit about what Hal Finney did with the bitcoins he owns. He said in one of the threads he made on this forum about the bitcoins he has and he keeps them in a safe and prepares them for his future children. and it seems that he is also quite sure of his son's insight which will also be ready with the inheritance from his father (hal finney) in the form of bitcoin. And I think his current son must be very grateful for that great father figure. although it's not about retirement but about inheritance. but I thought it would be great if I had an inheritance in bitcoins like Hal Finney did.

"
 

That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy.
[edited slightly]

"

[taufik123]

-snip-
the best course of action for having bitcoin for the future is to keep it safe in a hard wallet and observe how its value increases over time without the fear of loss of assets but a secured assets.

This requires faith and trust that Bitcoin will grow over time.
Storing Bitcoin on a hardware wallet will be more secure, but you need to choose a truly secure hardware wallet without updates that give recovery access to phrase wallets like Ledger LOL. Trezor seems to be better and could be the main HArdware Wallet.

Imagine someone hodling bitcoin for 20–30 years from now. Picture what the price will be by that time. Who knows if it will cost $500k or more?

The next 20-30 years is a long time, it should be worth the amount of Bitcoin we hoard or hold in the long run.
Buying gradually would be a good strategy. having at least 1BTC would probably be a good long-term investment.

-snip-
I've watched or heard in the news several times how our old forks collapse and die while in queues trying to get their retirement funds, it's time an end is put to such occurrences, would be a great feat for companies to start paying their workers retirement funds in bitcoin.

Paying pension funds with Bitcoin seems to require seriousness and acceptance by the government, if Bitcoin remains illegal then there will be no change in Bitcoin payments. Beginners are also scared because of price fluctuations so there is no stability in the value of assets held.
But it all comes back to the user and how regulations are provided.

Yes especially for the older people who can't manage Bitcoin since it's too complicated for them. So I still consider Bitcoin as an alternative investment which also gives a lot of benefits to other investment. Where people already have background such as real estate or in the banks so in the future when you're planning to give your funds to your kids then they could understand it in the future. Cuz Bitcoin is too complicated so it might take a long time for them to figure out the system.

I agree with the argument that Bitcoin is becoming an Alternative Investment.
People not only invest in Bitcoin, but many investment instruments that can be used as a profit field.
Real Estate, Gold, Bonds, etc. will provide good returns.
Likewise, Bitcoin, is a long-term digital asset that provides greater benefits, the difference is that Bitcoin is decentralized, no one regulates it, and can be owned by anyone.

[justdimin]

This can mostly apply to almost any other investment that you think will appreciate — it's not really exclusive to bitcoin alone. But I get your point.

There is one point the OP mentioned which is _almost exclusive to Bitcoin and really
counts on its decentralised nature and that is the transfer of it from one person to
another without the receiver having to incur taxes.

I think it is important to remember that if you could give it to your kids, and if you can manage to do that then it is not going to be a terrible way to leave something behind. However, I have always been in favor of sharing a place, it could be a land, it could be farm, could be an apartment, or the whole apartment building itself if you are rich, or a house ,whatever you know, it has to be real estate.

Because while we are talking about how bitcoin is limited, we are ignoring the fact that land is limited too. So if you can buy a place at a good location, leaving that to your kids is amazing. Bitcoin is cool and all, but bitcoin may fail, however a place you own is a place, it can't fail, it will always be good and will stay good.

[ethereumhunter]

-snip-
And if we can also prepare our children to be able to invest in bitcoin, that means we are also preparing their lives for the future so that they can be better than what we have now.

Teaching from a young age how to invest in bitcoin will help our children understand what we are doing.
Bitcoin is a good investment in the future and if we buy it now 5 or 10 years from now the price may be much higher than now.

Bitcoin can also be an inherited asset that we will give to our children later. It is the perfect long-term investment.
It is not regulated by governments or third parties, only users can regulate it. there are no storage fees or other charges. 

And if we can teach them about Bitcoin, that would be a great lesson because they already know that there are ways they can make money in the future. They can avoid fierce competition in finding work because later on, whoever survives will be the one who will benefit.

And bitcoin has become a great way to make a long-term investment, regardless of whether they are still looking for something else to make money. At least they can prepare for retirement faster than their peers.

[Dr.Bitcoin_Strange]

I can imagine how cool it would be for someone to have some Bitcoin in their cold storage after retirement because the person would live such a free, independent lifestyle. They will not have to rely on the retirement gratuety before they can solve their needs; they can just easily spend their Bitcoin and even will it to anyone they want before they die. I still remember that when someone is late, their next of kin will go to the bank several times or even make a call to their lawyers, and some paperwork will need to be done before they can get access to the inherited asset. But when one retires with some Bitcoin, it will not be so difficult to transfer those assets to anyone of their choice if they have the need to. There are a lot of benefits to having retired with some Bitcoin investment.

[taufik123]

And if we can teach them about Bitcoin, that would be a great lesson because they already know that there are ways they can make money in the future. They can avoid fierce competition in finding work because later on, whoever survives will be the one who will benefit.

And bitcoin has become a great way to make a long-term investment, regardless of whether they are still looking for something else to make money. At least they can prepare for retirement faster than their peers.

It will be a fortune for our children if they get Bitcoin in the future from our current efforts.
Providing a privilege so that they will be able to survive and compete with others from the Bitcoin investment.
I don't know what the right price is for Bitcoin in the next 20 years, but I'm sure the price will be higher than it is now.

Bitcoin becomes a cross-generational investment that can make a lot of money so it's not just a fruitless investment.
Even though it is not fully supported by the government, Bitcoin will not be eroded by the times.

[Yatsan]

And if we can teach them about Bitcoin, that would be a great lesson because they already know that there are ways they can make money in the future. They can avoid fierce competition in finding work because later on, whoever survives will be the one who will benefit.

And bitcoin has become a great way to make a long-term investment, regardless of whether they are still looking for something else to make money. At least they can prepare for retirement faster than their peers.

It will be a fortune for our children if they get Bitcoin in the future from our current efforts.
Providing a privilege so that they will be able to survive and compete with others from the Bitcoin investment.
I don't know what the right price is for Bitcoin in the next 20 years, but I'm sure the price will be higher than it is now.

Bitcoin becomes a cross-generational investment that can make a lot of money so it's not just a fruitless investment.
Even though it is not fully supported by the government, Bitcoin will not be eroded by the times.

Being knowledgeable with investment in any form is really good for young children but factors should be considered; their initiatve, and interest towards this technology. Also, I think it is not a good thing to pass information that the market price will just continue increasing in the future and at a high rate. The market price is volatile in nature and demnd controls the price. But no one has an assurance that the demand will still be high in the future knowing that its usage is not accepted by many countries still. Let's accept the fact that most of us are here because of the profit potential and not its true nature of being a currency. Therefore, if all btc will be mined, there's a tendency for the demand to increase if paying thru such blockchain won't be useful because there are countries prohibiting its usage.

[lalabotax]

What you lists are true enough and I rrally agree with those.
Bitcoin can be one of the best ways for retirement invesment. I said one of, because there are actually other great investment for retirement.
here in Bitcoin, as long as we can prepare ourselves and manage our Bitcoin investment, understand whnlen to invest and when to take profits, it is enough to fulfill our retirement situation.But sometimes, life is not running very well as we plan.That is why whatever the plans, we must haveplan A, Plan B, and etc.

[ethereumhunter]

And if we can teach them about Bitcoin, that would be a great lesson because they already know that there are ways they can make money in the future. They can avoid fierce competition in finding work because later on, whoever survives will be the one who will benefit.

And bitcoin has become a great way to make a long-term investment, regardless of whether they are still looking for something else to make money. At least they can prepare for retirement faster than their peers.

It will be a fortune for our children if they get Bitcoin in the future from our current efforts.
Providing a privilege so that they will be able to survive and compete with others from the Bitcoin investment.
I don't know what the right price is for Bitcoin in the next 20 years, but I'm sure the price will be higher than it is now.

Bitcoin becomes a cross-generational investment that can make a lot of money so it's not just a fruitless investment.
Even though it is not fully supported by the government, Bitcoin will not be eroded by the times.

No one will know how much the price of Bitcoin will be in the future but what is clear is with Bitcoin from us, our children will be very lucky to have Bitcoin already so they can use it for their benefit. And I think if we can teach them how to use Bitcoin well, they can earn and earn more.

And those of us who already have Bitcoin from now on are also very lucky and should be grateful that we are allowed to prepare for a better future. And if the adoption of Bitcoin is growing, the government will also allow its citizens to use it without any restrictions.

[BVeyron]

Think of when you're aged enough, and you've enough bitcoin investment, with your small or big family no time to wait for government to pay retirement benefits. At this aged point so many things plays in your minds but no much strength to carry out any physical activities or you're ready to relocate to your village or where you build house. If you've built a good investment relationship with bitcoin then bitcoin has the following retirement benefits preferred to government or company rights:

1. Your bitcoin is right inside your pocket with your devices, no need to loby to get paid
2. You don't need to submit application, retirement documents
3. Bitcoin has no waiting season, anytime is your money
4. You don't need to struggle, fight and loby to process your retirement documents
5. When you WILLS or share your bitcoin to your children nobody will hear it
6. Nobody will threatens or charm you for receiving retirement benefits from bitcoin since is not physical cash.
7. You decided when and how to withdraw or keep it your choice.
By retirement benefits I mean when you're aged enough and you're no longer into bitcoin trading or investing more but you've enough bitcoin to withdraw and share, built family house, business and trains children. That's show you retired great.

Now having fiat savings is a bit risky too, since inflation risks are really high. The main riddle in cryptocurrency world is whether buying crypto will save money during inflation or not. So at this moment it's quite hard to say if there is such benefit, but, in general, the development of cryptocurrency projects unveils the lack of stability in modern financial system based on fiats (mostly dollar).

[taufik123]

-snip-
Also, I think it is not a good thing to pass information that the market price will just continue increasing in the future and at a high rate. The market price is volatile in nature and demnd controls the price. But no one has an assurance that the demand will still be high in the future knowing that its usage is not accepted by many countries still. Let's accept the fact that most of us are here because of the profit potential and not its true nature of being a currency. Therefore, if all btc will be mined, there's a tendency for the demand to increase if paying thru such blockchain won't be useful because there are countries prohibiting its usage.

yes, you are right, related to that we as parents or people who understand Bitcoin must also tell you about the risks that exist in Bitcoin, the price will not always go up and there will be a big drop too. However, the crypto market is volatile we need to be vigilant.

As most of us are indeed present because of the potential for quick profits, not because of its true nature as a digital currency.
This is also constrained by government regulations that apply to Bitcoin.

No one will know how much the price of Bitcoin will be in the future but what is clear is with Bitcoin from us, our children will be very lucky to have Bitcoin already so they can use it for their benefit. And I think if we can teach them how to use Bitcoin well, they can earn and earn more.

And those of us who already have Bitcoin from now on are also very lucky and should be grateful that we are allowed to prepare for a better future. And if the adoption of Bitcoin is growing, the government will also allow its citizens to use it without any restrictions.

Telling the initial knowledge about Bitcoin would be very good. Basic trading and how to manage Bitcoin and know what risks will occur.
Preparing for their future is not just giving assets, we also have to provide enough knowledge so that they can manage it.

[Ryu_Ar1]

That can indeed be a good option but of course to achieve that we must also be aware that investments must be made before the time that is indeed approaching the end of your retirement age.
On the other hand, we are also certainly aware of the conditions that are sometimes not too predictable so that even though what you say is possible to happen, it is only a handful of good possibilities. Don't forget the worst thing too in this case because given the volatility of bitcoin which is sometimes very difficult to deal with, we must have some plans too before we retire of course because even though bitcoin is a good thing but it is also still at risk and don't depend entirely on bitcoin because it could also backfire.

I know that many people are optimistic about this and even I am also one of the people in it but indeed this does not mean everything because of course we must realize that the condition of the bitcoin will not be a real guarantee so do not as if being in bitcoin then it is a good thing and the problem of old age is solved.

[The Cryptovator]

While everything may seem fine, there is a small concern to be aware of. We acknowledge that Bitcoin has brought considerable gains to many individuals, but it's important to recognize that some people have also experienced losses with it. Let's imagine a scenario where you invested in Bitcoin when its price was $70,000, but by the time you retire, its price has dropped to $15,000. In such a situation, your financial circumstances would be significantly impacted. It's essential to consider these possibilities when contemplating investing in Bitcoin with the expectation that it will support you during retirement.

Nevertheless, we are aware that Bitcoin tends to follow historical patterns. Therefore, it requires patience to wait for favorable market conditions. It's prudent to have a backup plan, a Plan B, in case Bitcoin's value plummets during your retirement. This ensures that you have alternative strategies in place to safeguard your financial stability.

[Quidat]

While everything may seem fine, there is a small concern to be aware of. We acknowledge that Bitcoin has brought considerable gains to many individuals, but it's important to recognize that some people have also experienced losses with it. Let's imagine a scenario where you invested in Bitcoin when its price was $70,000, but by the time you retire, its price has dropped to $15,000. In such a situation, your financial circumstances would be significantly impacted. It's essential to consider these possibilities when contemplating investing in Bitcoin with the expectation that it will support you during retirement.

Nevertheless, we are aware that Bitcoin tends to follow historical patterns. Therefore, it requires patience to wait for favorable market conditions. It's prudent to have a backup plan, a Plan B, in case Bitcoin's value plummets during your retirement. This ensures that you have alternative strategies in place to safeguard your financial stability.

Always be mindful about the risks and never ever neglect out those probabilities or simply with those possibilities because there's no such thing about being risk-free in terms of investment.There's
always a risk for the price to be going into the opposite way on which majorly all of people or supporters of it are expecting. We cant know on what the future holds or would look like.
This is why its really that better to be mindful on what are those chances or probabilities to happen. Im not saying that it doesnt have the future or potential because bitcoin had never
failed to impress or surprise us but we cant really be sure still on what the future looks like.

Dont go all in with your retirement funds or whatever should really be supposed to be placed on the right place. Always take up measures and be mindful about risks because
everything could turn out to be a mess if things would really be going to the opposite side.

[ethereumhunter]

No one will know how much the price of Bitcoin will be in the future but what is clear is with Bitcoin from us, our children will be very lucky to have Bitcoin already so they can use it for their benefit. And I think if we can teach them how to use Bitcoin well, they can earn and earn more.

And those of us who already have Bitcoin from now on are also very lucky and should be grateful that we are allowed to prepare for a better future. And if the adoption of Bitcoin is growing, the government will also allow its citizens to use it without any restrictions.

Telling the initial knowledge about Bitcoin would be very good. Basic trading and how to manage Bitcoin and know what risks will occur.
Preparing for their future is not just giving assets, we also have to provide enough knowledge so that they can manage it.

We obviously have to do that, and even though they are our children, we also have to give them enough knowledge about using Bitcoin to use it properly. It will be something useful for them and when we see that they are more successful than us, it will be a gift for us because we have educated them well and can develop them better. If that's the case, their lives will be better than ours and that's what we hope for.

[ancafe]

Think of when you're aged enough, and you've enough bitcoin investment, with your small or big family no time to wait for government to pay retirement benefits. At this aged point so many things plays in your minds but no much strength to carry out any physical activities or you're ready to relocate to your village or where you build house. If you've built a good investment relationship with bitcoin then bitcoin has the following retirement benefits preferred to government or company rights:

Although bitcoins are good for investment but it is not recommended to put all the money you have into bitcoins. Talking about volatility sometimes you have to prepare all contingencies for basic needs and that's why it's impossible for us to put all the money into bitcoins. There are many advantages that we will get if bitcoin is held in the long term and to replace it as retirement money, because there are several patterns that can be used to make the investment more stable and consistent.

Of all the advantages and points that you convey, everyone should also think about the volatility and ability to reach other needs that must be balanced, so that when bitcoin is at a low price you don't have to sell it to cover other needs. Investment must also be balanced with other priority needs as life support and we must also prepare for all possibilities when we need money suddenly.

[Nrcewker]

Yes Bitcoin can really be considered as a great retirement plan. If you continuously plan to buy Bitcoins on a regular interval while working or making money, then definitely when you retire, at that time you will have sufficient funds to live the retirement life without in hassles. We have seen Bitcoins capabilities from 2009, it started from nothing, and now a very rare and expensive digital asset, so it only proves that the price will go up, as the time passes. So yes if you have enough Bitcoins while retiring, then you can easily spend the rest of your life in luxurious manner.

[bitterguy28]

Yes Bitcoin can really be considered as a great retirement plan. If you continuously plan to buy Bitcoins on a regular interval while working or making money, then definitely when you retire, at that time you will have sufficient funds to live the retirement life without in hassles. We have seen Bitcoins capabilities from 2009, it started from nothing, and now a very rare and expensive digital asset, so it only proves that the price will go up, as the time passes. So yes if you have enough Bitcoins while retiring, then you can easily spend the rest of your life in luxurious manner.

But only few are implementing this in regards to their investments here instead what they do is using this to buy and sell than to keep holding .



________________________________________________________________


I am already preparing for this mate and yes I have investing for years in bitcoin
Maybe it is small amount month after month but I make sure that there will be a room for my retirement .
I know that My children will leave us in future so me and my wife has something ready for our older years.
since my wife has no work and a pure housewife , i am actually providing for our future together .
maybe our children might help a little but we must have our own then.

[isaac_clarke22]

~

Well technically the "lobby" term would be the waiting for confirmation of your transaction. In personal or non-crypto term, that could be the least equivalent of the "lobby" you would compare to.

Bitcoin still has its own cons just like on how paper money still have its cons even if it requires no more internet connection.

I disagree in #6. If you have heard of $5 wrench attack then you might know that having Bitcoin is not really guaranteed that you would not be held hostage or even captive due to the amount of the money you're holding and in fact, you might even encounter more threats when holding crypto rather than holding physical money from the day of your retirement. This is when you disclose too much in your socmed.

Yes Bitcoin can really be considered as a great retirement plan. If you continuously plan to buy Bitcoins on a regular interval while working or making money, then definitely when you retire, at that time you will have sufficient funds to live the retirement life without in hassles. We have seen Bitcoins capabilities from 2009, it started from nothing, and now a very rare and expensive digital asset, so it only proves that the price will go up, as the time passes. So yes if you have enough Bitcoins while retiring, then you can easily spend the rest of your life in luxurious manner.

There's no guarantee that you would enjoy the rest of your life when you hold Bitcoin. We all know that you can earn from it, but again, it is a volatile market so nobody knows what would be the ATH as you age.

[CryptoBuds]

Yes Bitcoin can really be considered as a great retirement plan. If you continuously plan to buy Bitcoins on a regular interval while working or making money, then definitely when you retire, at that time you will have sufficient funds to live the retirement life without in hassles. We have seen Bitcoins capabilities from 2009, it started from nothing, and now a very rare and expensive digital asset, so it only proves that the price will go up, as the time passes. So yes if you have enough Bitcoins while retiring, then you can easily spend the rest of your life in luxurious manner.

But only few are implementing this in regards to their investments here instead what they do is using this to buy and sell than to keep holding .

Profit from trading is not small if you are a good trader, the amount of profit you make can be much larger than you hold. And with the money you earn, it is enough for you to enjoy your old age without the care and support of your children. Furthermore, if everyone just holds and no one trades in the market, will the market even exist?

I am already preparing for this mate and yes I have investing for years in bitcoin
Maybe it is small amount month after month but I make sure that there will be a room for my retirement .
I know that My children will leave us in future so me and my wife has something ready for our older years.
since my wife has no work and a pure housewife , i am actually providing for our future together .
maybe our children might help a little but we must have our own then.

I am like you in this, I am also investing and saving to take care of my old age. We will still take care of the children until they are adults, but I never thought I would have to depend on their pension when I get old. My wife and I are also preparing and caring for everything for our old age. I like freedom and independence, a part of me doesn't want to be a burden to my children.

[CryptoHeadlineNews]

Profit from trading is not small if you are a good trader, the amount of profit you make can be much larger than you hold. And with the money you earn, it is enough for you to enjoy your old age without the care and support of your children.

Yes, I agree with you on this very statement of yours as stated above, but one thing that you need to understand  is that the capital a trader invest while trading will definitely determine how big or small the profit he/she will stand to make, which is always far better when compared to people who just hodl their Bitcoin for years. Secondly,  though it is good to invest for the future, but it is far better to invest in capital projects such as land, real estate and bitcoin, which all has the ability to increase in value as time goes on rather than investing on liabilities such as cars and rents.

[Outhue]

It's not doubt that Bitcoin is best for retirement but I won't gamble my future with just Bitcoin only, that's too risky, Bitcoin is no doubt the best digital currency but when we are talking about retirement plans it should not be the only plan you have, we don't know what the future of Bitcoin will look like and I am not ready to gamble on that, instead you have to be prepared for any possibility,  nothing in this world is guaranteed and just because Bitcoin is the best doesn't make the risks gone forever.

[justdimin]

It's not doubt that Bitcoin is best for retirement but I won't gamble my future with just Bitcoin only, that's too risky, Bitcoin is no doubt the best digital currency but when we are talking about retirement plans it should not be the only plan you have, we don't know what the future of Bitcoin will look like and I am not ready to gamble on that, instead you have to be prepared for any possibility,  nothing in this world is guaranteed and just because Bitcoin is the best doesn't make the risks gone forever.

I wouldn't really bet on that, I mean bitcoin is doing great and I feel like it is going to keep doing great, and there are people who invest all their money into stocks and you think that would be something that would be a lot worse if they decide to switch to bitcoin instead?

I know that it doesn't make sense for some people but that's the reality we live in, if you really want to make sure that things going smoothly then you should invest into gold, that will make sure that you are doing as well as you should. I actually know one person like that, he has been putting money into gold every month whenever he can, he said he failed some months, but being doing that since 90's and he is about to retire. He can actually, he has enough to retire, he just doesn't feel ready. So, do that if you are unsure about bitcoin.

[ringgo96]

Everyone wants to have bitcoin assets especially those of us who are old and cannot do physical work and at that time we just enjoy without having to wait for benefits from the government, and easily we enjoy these assets without any interference from others and no one knows if we want to take for daily needs, and as you said all very easy for us to enjoy without having to wait for decisions from others, Hopefully we will all have bitcoin deposits in old age.

[Wend]

It's not doubt that Bitcoin is best for retirement but I won't gamble my future with just Bitcoin only, that's too risky, Bitcoin is no doubt the best digital currency but when we are talking about retirement plans it should not be the only plan you have, we don't know what the future of Bitcoin will look like and I am not ready to gamble on that, instead you have to be prepared for any possibility,  nothing in this world is guaranteed and just because Bitcoin is the best doesn't make the risks gone forever.

You have a point there. After all, bitcoin is a very new asset and still not widely accepted, so there is still a lot of risk, and it would be a bad idea to bet our future entirely on bitcoin. I bet people are blind to bitcoin profits, and people always assume that bitcoin is the best, and they forget that everything is risky, bitcoin is no exception. I will diversify my assets to secure my future, I don't want to be a homeless old man when I put all my faith in bitcoin.

[uneng]

While everything may seem fine, there is a small concern to be aware of. We acknowledge that Bitcoin has brought considerable gains to many individuals, but it's important to recognize that some people have also experienced losses with it. Let's imagine a scenario where you invested in Bitcoin when its price was $70,000, but by the time you retire, its price has dropped to $15,000. In such a situation, your financial circumstances would be significantly impacted. It's essential to consider these possibilities when contemplating investing in Bitcoin with the expectation that it will support you during retirement.

Nevertheless, we are aware that Bitcoin tends to follow historical patterns. Therefore, it requires patience to wait for favorable market conditions. It's prudent to have a backup plan, a Plan B, in case Bitcoin's value plummets during your retirement. This ensures that you have alternative strategies in place to safeguard your financial stability.

Always be mindful about the risks and never ever neglect out those probabilities or simply with those possibilities because there's no such thing about being risk-free in terms of investment.There's
always a risk for the price to be going into the opposite way on which majorly all of people or supporters of it are expecting. We cant know on what the future holds or would look like.
This is why its really that better to be mindful on what are those chances or probabilities to happen. Im not saying that it doesnt have the future or potential because bitcoin had never
failed to impress or surprise us but we cant really be sure still on what the future looks like.

Dont go all in with your retirement funds or whatever should really be supposed to be placed on the right place. Always take up measures and be mindful about risks because
everything could turn out to be a mess if things would really be going to the opposite side.

Although it can happen, so far it has never happened, as Bitcoin's price is continuously rising on long term, what fits perfectly the idea of a retirement plan if we think about an individual who is on his 20-40's right now. Of course not every money he has should go to this single plan, as diversification is advisable, even when talking about considered safe, low risk and low volatility investments.

I think the important is to not fear or neglect BTC investment. Invest more or invest less, but don't forget investing!

[Lorence.xD]

It's not doubt that Bitcoin is best for retirement but I won't gamble my future with just Bitcoin only, that's too risky, Bitcoin is no doubt the best digital currency but when we are talking about retirement plans it should not be the only plan you have, we don't know what the future of Bitcoin will look like and I am not ready to gamble on that, instead you have to be prepared for any possibility,  nothing in this world is guaranteed and just because Bitcoin is the best doesn't make the risks gone forever.

You have a point there. After all, bitcoin is a very new asset and still not widely accepted, so there is still a lot of risk, and it would be a bad idea to bet our future entirely on bitcoin. I bet people are blind to bitcoin profits, and people always assume that bitcoin is the best, and they forget that everything is risky, bitcoin is no exception. I will diversify my assets to secure my future, I don't want to be a homeless old man when I put all my faith in bitcoin.

There's no guarantee that Bitcoin would be accepted worldwide as currency currently but in the next decades probably it would be acknowledged by more countries as we have seen today. That's why I agree that it's still risky to put all your funds in Bitcoin so it would be better to split it into fiat money and some to Bitcoin. It's still better to have an investment for the future even you're not sure since it's part of the volatility of Bitcoin which involved risk. If you are not sure enough about Bitcoin why not spread your funds into some alternative coins, just do your own research cuz it's good to not put all your funds in one basket.

[minairia3]

snip

 If you are not sure enough about Bitcoin why not spread your funds into some alternative coins, just do your own research cuz it's good to not put all your funds in one basket.

This is even more false, bitcoin is the safest coin on the market, and if you don't believe in it there is no reason to believe in shitcoins. The entire market depends on bitcoin, once bitcoin crashes, the crypto market will also disappear. Investing in altcoins is not called diversification, it is called adding risk to your investment. Diversification is when you invest in gold, real estate, and non-crypto assets.

[Wend]

It's not doubt that Bitcoin is best for retirement but I won't gamble my future with just Bitcoin only, that's too risky, Bitcoin is no doubt the best digital currency but when we are talking about retirement plans it should not be the only plan you have, we don't know what the future of Bitcoin will look like and I am not ready to gamble on that, instead you have to be prepared for any possibility,  nothing in this world is guaranteed and just because Bitcoin is the best doesn't make the risks gone forever.

You have a point there. After all, bitcoin is a very new asset and still not widely accepted, so there is still a lot of risk, and it would be a bad idea to bet our future entirely on bitcoin. I bet people are blind to bitcoin profits, and people always assume that bitcoin is the best, and they forget that everything is risky, bitcoin is no exception. I will diversify my assets to secure my future, I don't want to be a homeless old man when I put all my faith in bitcoin.

There's no guarantee that Bitcoin would be accepted worldwide as currency currently but in the next decades probably it would be acknowledged by more countries as we have seen today. That's why I agree that it's still risky to put all your funds in Bitcoin so it would be better to split it into fiat money and some to Bitcoin. It's still better to have an investment for the future even you're not sure since it's part of the volatility of Bitcoin which involved risk. If you are not sure enough about Bitcoin why not spread your funds into some alternative coins, just do your own research cuz it's good to not put all your funds in one basket.

Instead of fiat, I will choose gold and bitcoin for my old age, I don't think fiat will keep its value until I retire. And I agree with what minaria3 said, investing in altcoins is not considered diversification, and they don't help you to reduce risk. I don't hate altcoins, but investing in them is like gambling and more suitable for the short term than the long term. Aside from ETH being a special case, do you see any altcoins that can survive and increase in price over time, like bitcoin? None, and all of them will die or be replaced by newer projects over time.

[hannahB4]

Anybody who works does that so that he might have a better living but when we move to savings and investment for the future in which bitcoin investment is one of the best ways of securing a brighter future after retirement. Like you said it is hitch-free and stress-free, stay in the comfort of your home and enjoy all that you've worked for.

[flyingcarpet]

Think of when you're aged enough, and you've enough bitcoin investment, with your small or big family no time to wait for government to pay retirement benefits. At this aged point so many things plays in your minds but no much strength to carry out any physical activities or you're ready to relocate to your village or where you build house. If you've built a good investment relationship with bitcoin then bitcoin has the following retirement benefits preferred to government or company rights:

1. Your bitcoin is right inside your pocket with your devices, no need to loby to get paid
2. You don't need to submit application, retirement documents
3. Bitcoin has no waiting season, anytime is your money
4. You don't need to struggle, fight and loby to process your retirement documents
5. When you WILLS or share your bitcoin to your children nobody will hear it
6. Nobody will threatens or charm you for receiving retirement benefits from bitcoin since is not physical cash.
7. You decided when and how to withdraw or keep it your choice.
By retirement benefits I mean when you're aged enough and you're no longer into bitcoin trading or investing more but you've enough bitcoin to withdraw and share, built family house, business and trains children. That's show you retired great.

It is an excellent retirement method, considering the good aspects of Bitcoin. We can add many new ones to the benefits you have mentioned. In most countries, pensions are not enough for people to live comfortably. Alternatively, bitcoin may be the right method. But if you need money at a time when bitcoin's price is on the decline, it can cost you money. If you want to invest for many years and think about retirement: Bitcoin provides great advantages.

[Furious 7]

It's not doubt that Bitcoin is best for retirement but I won't gamble my future with just Bitcoin only, that's too risky, Bitcoin is no doubt the best digital currency but when we are talking about retirement plans it should not be the only plan you have, we don't know what the future of Bitcoin will look like and I am not ready to gamble on that, instead you have to be prepared for any possibility,  nothing in this world is guaranteed and just because Bitcoin is the best doesn't make the risks gone forever.

You have a point there. After all, bitcoin is a very new asset and still not widely accepted, so there is still a lot of risk, and it would be a bad idea to bet our future entirely on bitcoin. I bet people are blind to bitcoin profits, and people always assume that bitcoin is the best, and they forget that everything is risky, bitcoin is no exception. I will diversify my assets to secure my future, I don't want to be a homeless old man when I put all my faith in bitcoin.

When we talk about investment, we should be aware that this is a small part of what you really do to support your life in the future, so it's just a side of your expenses and the savings you make because we really need to know that it's too much too a little dangerous though maybe in this case they consider bitcoin maximalist but still we don't need to risk everything here.
Enough to invest in what you are prepared to lose, especially in bitcoin because there really is no guarantee whatsoever about it considering the risks are also very large.
But even so, bitcoin remains worth it and is interesting to serve as an investment.
Even though life is a choice, as you said, you don't need to bet as much as you can't afford to lose because this can backfire on yourself.

[Lida93]

Anybody who works does that so that he might have a better living but when we move to savings and investment for the future in which bitcoin investment is one of the best ways of securing a brighter future after retirement. Like you said it is hitch-free and stress-free, stay in the comfort of your home and enjoy all that you've worked for.

Life in reality is not always as it is in the movies where the actor ends up achieving his plans at the end exactly as he planned. If we're to rate bitcoin against other cryptocurrencies the difference is clear that bitcoin is the best amongst them all but that doesn't guarantee that people should stock in their retirement benefit plan on it. No one can really say for sure what the future of bitcoin does look like in the next 20 years, so wether it's hitch free or stress free it's still not a guarantee to put all our money in bitcoin as a retirement investment plan.

There are so many ways to make a retirement investment plan and  I think bitcoin should be a fraction of many of it you make and not just wholly sinking all your eggs into it.

[Nwada001]

You have a point there. After all, bitcoin is a very new asset and still not widely accepted, so there is still a lot of risk, and it would be a bad idea to bet our future entirely on bitcoin.

I don't think Bitcoin should still be considered a new asset. If Bitcoin were to be a person, that is, a foreigner living in a foreign land, 10 years is enough to make it a citizen of that country, which will consider it not to be a stranger any more. So to me, Bitcoin is actually no longer a new asset as far as I am concerned, and if I may ask, how long do you want Bitcoin to stay before you can consider it old enough to be worth your investment or pass the risk requirements?

I hope you know that investment risk can only be managed and reduced, but it can't be completely eradicated no matter which form of investment it is, so the same thing is applicable to Bitcoin. No matter how long it stays, it will only gain more popularity and approval from those criticizing it, and some Bitcoin racists will turn their backs on it and become Bitcoiners, but that will not change its volatile nature, which puts your investment at high risk, especially when you buy at a higher price.

[Texac]

I hope you know that investment risk can only be managed and reduced, but it can't be completely eradicated no matter which form of investment it is, so the same thing is applicable to Bitcoin. No matter how long it stays, it will only gain more popularity and approval from those criticizing it, and some Bitcoin racists will turn their backs on it and become Bitcoiners, but that will not change its volatile nature, which puts your investment at high risk, especially when you buy at a higher price.

once invested, there is always risk, whether it is gold or real estate, two types of assets are considered the safest ever due to their popularity.  but if you compare bitcoin with these asset classes, it is clear that bitcoin is much riskier because it is not yet widely available and has not been recognized by the majority of the world. Those who participate and accept bitcoin represent only 2% of the world population, showing that bitcoin is actually much more risky.

[Nwada001]

I hope you know that investment risk can only be managed and reduced, but it can't be completely eradicated no matter which form of investment it is, so the same thing is applicable to Bitcoin. No matter how long it stays, it will only gain more popularity and approval from those criticizing it, and some Bitcoin racists will turn their backs on it and become Bitcoiners, but that will not change its volatile nature, which puts your investment at high risk, especially when you buy at a higher price.

once invested, there is always risk, whether it is gold or real estate, two types of assets are considered the safest ever due to their popularity.  but if you compare bitcoin with these asset classes, it is clear that bitcoin is much riskier because it is not yet widely available and has not been recognized by the majority of the world. Those who participate and accept bitcoin represent only 2% of the world population, showing that bitcoin is actually much more risky.

Do you calculate bitcoin risk by recognition, or do you calculate bitcoin risk by both recognition and volatility?
There is every tendency that any investment with a high possibility of a higher reward always has a greater risk when you view it from the financial studies and adviser point of view.

Talking about real estate and gold, I think the era for real estate and gold is gradually fading away; the price and value of those investments are not actually turning into anything tangible these days.

[Smartvirus]

Placing bitcoin side by side with retirement funds as relates to the context in which OP is referring doesn't seem right to me. Your galking about a package in comparison with money or an asset (bitcoin). They both aren't the same but still, has value attached.

Retirement funds as regards banks, government/organisations and individuals is a package prepared by either the government or the organisation for which the individual is affiliated to save a portion of there income as a retirement fund and gratuity for years of services.

Investing in bitcoin is a whole different story. In fact, it has almost no deference as operating a fixed deposit account. The only difference is in the currencies involved and the rudiments about there operation.

[awik p]

I hope you know that investment risk can only be managed and reduced, but it can't be completely eradicated no matter which form of investment it is, so the same thing is applicable to Bitcoin. No matter how long it stays, it will only gain more popularity and approval from those criticizing it, and some Bitcoin racists will turn their backs on it and become Bitcoiners, but that will not change its volatile nature, which puts your investment at high risk, especially when you buy at a higher price.

once invested, there is always risk, whether it is gold or real estate, two types of assets are considered the safest ever due to their popularity.  but if you compare bitcoin with these asset classes, it is clear that bitcoin is much riskier because it is not yet widely available and has not been recognized by the majority of the world. Those who participate and accept bitcoin represent only 2% of the world population, showing that bitcoin is actually much more risky.

Do you calculate bitcoin risk by recognition, or do you calculate bitcoin risk by both recognition and volatility?
There is every tendency that any investment with a high possibility of a higher reward always has a greater risk when you view it from the financial studies and adviser point of view.

Talking about real estate and gold, I think the era for real estate and gold is gradually fading away; the price and value of those investments are not actually turning into anything tangible these days.

Bitcoin is a risky investment because we don't understand how to treat it as an investment. indeed the problem with high volatility is that its value will quickly decrease due to a decline. that's where people sometimes feel worried and eventually leave the market and lose money. but if you keep holding it, the number of bitcoins will remain the same, just waiting for an increase. the problem is when no one knows when the price will recover, so many people are frustrated because they are waiting with uncertainty about the time

[Dr.Bitcoin_Strange]

Talking about real estate and gold, I think the era for real estate and gold is gradually fading away; the price and value of those investments are not actually turning into anything tangible these days.

I quite agree with you. There were times in the past when real estate and gold investments were really taken seriously as the major means of investment, but currently, I think there are a lot of people on the Bitcoin investment train. It's not as if there are no people still clamoring for gold and real estate investment, but not as much as before.

The era is gradually reducing compared to before, but I don't believe it can permanently disappear, it has been the old means of investment, so it will yet continue to exist. It won't exit; they will be there, but the value may be reduced compared to what we are seeing now.

[Wend]

You have a point there. After all, bitcoin is a very new asset and still not widely accepted, so there is still a lot of risk, and it would be a bad idea to bet our future entirely on bitcoin.

I don't think Bitcoin should still be considered a new asset. If Bitcoin were to be a person, that is, a foreigner living in a foreign land, 10 years is enough to make it a citizen of that country, which will consider it not to be a stranger any more. So to me, Bitcoin is actually no longer a new asset as far as I am concerned, and if I may ask, how long do you want Bitcoin to stay before you can consider it old enough to be worth your investment or pass the risk requirements?

I call it new because I am comparing bitcoin to gold and real estate, 2 assets that are thousands of years old, while bitcoin is 14 years old, if it is not new, it is too young. It's risky not just because it's young but look at its capitalization, its popularity. The market capitalization is just over $1 trillion, which is 1/10 of gold and 1/80 of the stock market. Many countries have yet to recognize it as a real asset...all of this suffices to say it's too risky. But in return, the higher the risk, the higher the profit potential.

[zanezane]

I hope you know that investment risk can only be managed and reduced, but it can't be completely eradicated no matter which form of investment it is, so the same thing is applicable to Bitcoin. No matter how long it stays, it will only gain more popularity and approval from those criticizing it, and some Bitcoin racists will turn their backs on it and become Bitcoiners, but that will not change its volatile nature, which puts your investment at high risk, especially when you buy at a higher price.

once invested, there is always risk, whether it is gold or real estate, two types of assets are considered the safest ever due to their popularity.  but if you compare bitcoin with these asset classes, it is clear that bitcoin is much riskier because it is not yet widely available and has not been recognized by the majority of the world. Those who participate and accept bitcoin represent only 2% of the world population, showing that bitcoin is actually much more risky.

Bitcoin is a long term, depends on you how will you handle it but keep in mind that the Bitcoin's price is not stable. I agree to you that is bitcoin is riskier than other assets, no one can tell its price in the future. There are still don't know about bitcoin and some are still confused what is bitcoin. It is good to start sharing knowledge to those are interested. And the fact that the Bitcoin is decentralized is getting more risky.

[Peanutswar]

Bitcoin could be ideal to use as your additional investment and accumulate as possible and could be used for your retirement plan, but of course, you better make sure you have extra money besides it. We know how does the bitcoin volatile, and you make an investment during the ATH, and at that point, you want to retire, and the market falls it could be a large unrealized lose for you because you failed to watch the market and to secure your future retirement. Still ideal to have a plan until when you will hold and sell at that point. We are heading to your retirement plan to a rest and not stress because you lose a lot of money.

[Texac]

Talking about real estate and gold, I think the era for real estate and gold is gradually fading away; the price and value of those investments are not actually turning into anything tangible these days.

fade away?  Gold remains the most sought after asset by countries during this crisis, while real estate is the favorite asset of the rich, and they consider it a better investment than gold. as for bitcoin, we invest in it because we don't have too much money to invest in the other two assets. We take risks to make a lot of money and get rich quickly to catch up with other rich people. i also prefer investing in bitcoin to these 2 assets, but I don't want to badmouth them as they are the 2 assets that are still rated as the best, so far.

[Claymore2]

Investing in Bitcoin can be both advantageous and risky. While it offers potential for a bright future, its volatility should not be overlooked. Market fluctuations can lead to substantial losses. Diversifying investments and keeping some cash on hand for immediate needs is prudent.

[Magic-Money]

Bitcoin is a digital assets which one used as a means of payment and purchase of good's and services online, Bitcoin transaction has no limited of country, as long the wallet address is correct for the destination. In other words is a good idea to saved Bitcoin for retirement, mostly here in Africa, government no have your time as a retirement staff, because them find it difficult to pay for pensioners.

[Kelward]

While everything may seem fine, there is a small concern to be aware of. We acknowledge that Bitcoin has brought considerable gains to many individuals, but it's important to recognize that some people have also experienced losses with it. Let's imagine a scenario where you invested in Bitcoin when its price was $70,000, but by the time you retire, its price has dropped to $15,000. In such a situation, your financial circumstances would be significantly impacted. It's essential to consider these possibilities when contemplating investing in Bitcoin with the expectation that it will support you during retirement.

Nevertheless, we are aware that Bitcoin tends to follow historical patterns. Therefore, it requires patience to wait for favorable market conditions. It's prudent to have a backup plan, a Plan B, in case Bitcoin's value plummets during your retirement. This ensures that you have alternative strategies in place to safeguard your financial stability.

I totally agree with you that it is very important to have a plan b, especially when we are planing about our finance regarding our retirement. Because if we don't plan right, we may not have a feasible plan b, when we're old and retired. Therefore as you have noted, it is important that when you invest in bitcoin to earn the financial returns in your retirement, you should have a plan b investment or savings, as an alternative in case the value of your bitcoin investment falls flat as at your retirement period. Nobody can really predict the future, therefore we should not put all our resources in one investment as regards to our retirement.

[drwhobox]

once invested, there is always risk, whether it is gold or real estate, two types of assets are considered the safest ever due to their popularity.  but if you compare bitcoin with these asset classes, it is clear that bitcoin is much riskier because it is not yet widely available and has not been recognized by the majority of the world. Those who participate and accept bitcoin represent only 2% of the world population, showing that bitcoin is actually much more risky.

Among these two types of investment, gold is somewhat safe. You can buy gold and leave it for years without any stress but when it comes to bitcoin it is much riskier than gold or real estate. But with bitcoin investment, you get the most satisfying result among any other investment assets.

I don't believe in OP's retirement, I don't need retirement because if I got enough bitcoin now in my wallet and I have other sources of passive income, I can enjoy life traveling with my family, and bitcoin will act like my saving for my family.

[Captain Corporate]

Another thing came to mind, if I could somehow manage to retire, even at late age, that means that my kids can do whatever they like. I mean they would be a bit on the older side if I get rich later on, but I always assumed being rich would get them to live a happy rich life, but never assumed from the business stand point, maybe they won't do none and just be rich, but we are talking about changing whole life. Think about this for a second, lets assume that you are rich enough that you do not have to work, what would you all day? Sure some say just lay all day and watch movies and play games and basically do nothing, but some people may actually do the job they love, I always thought about the first, but the latter. This means they can do any job they want, never though about that.

[wxa7115]

Another thing came to mind, if I could somehow manage to retire, even at late age, that means that my kids can do whatever they like. I mean they would be a bit on the older side if I get rich later on, but I always assumed being rich would get them to live a happy rich life, but never assumed from the business stand point, maybe they won't do none and just be rich, but we are talking about changing whole life. Think about this for a second, lets assume that you are rich enough that you do not have to work, what would you all day? Sure some say just lay all day and watch movies and play games and basically do nothing, but some people may actually do the job they love, I always thought about the first, but the latter. This means they can do any job they want, never though about that.

Funnily enough the majority of those which become rich do so because they actually like their jobs, after all it is obvious that someone which likes what they do for a living will outwork, outsmart and outperform anyone which does not like what they do.

So in a way those people have not worked a single day of their lives, and even if they become rich they have no intention to retire and instead they keep working and accumulating wealth, as this comes naturally to them.

[reagansimms]

The points you outlined above are mostly the advantages of having Bitcoin as a retirement asset to enjoy in old age. Behind the benefits you describe, there are several other factors that make someone have to share their investment in several parts.
Land investment might be considered because the price continues to increase from year to year, unlike Bitcoin, which is highly speculative, making you have to wait to sell it if the price is dropping. Your topic direction is very good, you are more dominant in inviting those discussing here to save their wealth in the form of assets as funds that can be enjoyed in old age.

[Maidak]

While everything may seem fine, there is a small concern to be aware of. We acknowledge that Bitcoin has brought considerable gains to many individuals, but it's important to recognize that some people have also experienced losses with it. Let's imagine a scenario where you invested in Bitcoin when its price was $70,000, but by the time you retire, its price has dropped to $15,000. In such a situation, your financial circumstances would be significantly impacted. It's essential to consider these possibilities when contemplating investing in Bitcoin with the expectation that it will support you during retirement.

Nevertheless, we are aware that Bitcoin tends to follow historical patterns. Therefore, it requires patience to wait for favorable market conditions. It's prudent to have a backup plan, a Plan B, in case Bitcoin's value plummets during your retirement. This ensures that you have alternative strategies in place to safeguard your financial stability.

I totally agree with you that it is very important to have a plan b, especially when we are planing about our finance regarding our retirement. Because if we don't plan right, we may not have a feasible plan b, when we're old and retired. Therefore as you have noted, it is important that when you invest in bitcoin to earn the financial returns in your retirement, you should have a plan b investment or savings, as an alternative in case the value of your bitcoin investment falls flat as at your retirement period. Nobody can really predict the future, therefore we should not put all our resources in one investment as regards to our retirement.

Not only with bitcoin but all other assets, when investing, we always have to have a backup plan because the future is unpredictable, anything can happen. Moreover, if it is bitcoin, a volatile and uncertain asset, then we have to be even more careful. In my opinion, the best way is to diversify into safe assets like gold or real estate. Never put all your eggs in one basket. Don't put your future in a risky asset like bitcoin even though its returns are attractive.

[romero121]

When our future retirement benefits were invested through fiat based investment plans we wear supposed to go through a stepped process. The step by step process involves filling out application, verifying KYC, adding nominee comma final settlement bond, regular premium timeline, etc. With Bitcoin based investment all these things get solved with the usage of single wallet. It is more than enough to deposit bitcoin regularly or do it whenever you are able to make some deposits. This will ease the choice of investing than allocating regular funds for the investment plan. Just the accumulation and holding is enough to enjoy the retirement. This way in each and everything there is advantage on bitcoin as retirement fund against the fiat investment schemes.

[Games.Bitcoin]

Bitcoin, as a decentralized digital currency, presents unique retirement benefits for individuals who choose to invest in it. Its limited supply and deflationary nature make it an attractive long-term investment option. By allocating a portion of one's retirement savings to Bitcoin, individuals can potentially benefit from its historically high returns and hedge against inflation. Moreover, Bitcoin's independence from traditional financial systems reduces the risk of government interference or economic instability affecting its value. However, it is crucial to note that Bitcoin's volatility and regulatory uncertainties should be carefully considered before incorporating it into a retirement strategy. Consulting with a financial advisor experienced in cryptocurrencies is recommended to assess the suitability and risks associated with Bitcoin as a retirement asset.

[serjent05]

3. Bitcoin has no waiting season, anytime is your money

It is indeed that there is no waiting to cash out your Bitcoin but if we are smart, we will wait for bull market season before we cash out our money.  One good reason is that we can convert it to fiat cash in much higher value than when we convert it during market crash or bear market.

4. You don't need to struggle, fight and loby to process your retirement documents

Still, you need to compete with the transaction fee to process it more quickly though the difference in normal network might just be some hours.

5. When you WILLS or share your bitcoin to your children nobody will hear it

But someone can read it. will and testament often come in the form of documentation and it needs a sign of a lawyer if you processed it properly.  While in technical term, if your pc is infected with malware, hacker might read any activity of your device.  Worst your Bitcoin might get hacked leaving your heir with just an empty wallet address.

6. Nobody will threatens or charm you for receiving retirement benefits from bitcoin since is not physical cash.

There is news about people attacked or kidnapped by criminals because they learned about the person's Bitcoin possession.  When a person has ill intention over your wealth, it doesn't matter if its digital or physical cash, they even prefer cryptocurrency specifically Bitcoin .

[BVeyron]

Think of when you're aged enough, and you've enough bitcoin investment, with your small or big family no time to wait for government to pay retirement benefits. At this aged point so many things plays in your minds but no much strength to carry out any physical activities or you're ready to relocate to your village or where you build house. If you've built a good investment relationship with bitcoin then bitcoin has the following retirement benefits preferred to government or company rights:

1. Your bitcoin is right inside your pocket with your devices, no need to loby to get paid
2. You don't need to submit application, retirement documents
3. Bitcoin has no waiting season, anytime is your money
4. You don't need to struggle, fight and loby to process your retirement documents
5. When you WILLS or share your bitcoin to your children nobody will hear it
6. Nobody will threatens or charm you for receiving retirement benefits from bitcoin since is not physical cash.
7. You decided when and how to withdraw or keep it your choice.
By retirement benefits I mean when you're aged enough and you're no longer into bitcoin trading or investing more but you've enough bitcoin to withdraw and share, built family house, business and trains children. That's show you retired great.

There is one more thing, but it's doubtable if it's a benefit, since it can't be proven (at least now): the chance to save money in case of fiat inflation. There is a high risk of dollar and other main fiats inflation nowadays. However, the price of BTC can also fall in case of fiat inflation, but there is a chance to save money anyway.

[peter0425]

I'm sure that at least half of us here has this plan or already dealing with ,  My wife agreed on my plan of putting half of our money inside my crypto folio in which will stand till our retirement(as our age are almost the same.

-Beneficial ? or course Bitcoin is the best no doubt .

-Retirement ? in the next couple of years will come so better be ready.