Investing into Bitcoin as self pension

[Z390]

Yeah yeah Bitcoin is progressing and a nice investment but we are talking about pension here so don't put all your eggs in one basket.   make other investment plans also. Bitcoin is a crypto currency and it is not impossible for it to lose value years to come ( the chances of it losing value is very thin though).

If you can say that the chances of losing value in bitcoin is very thin isn't that the same with other investments out there? Like stock and gold? As a matter of fact, every investment carries high risk, even running a business doesn't guarantee that it will be successful in the next 10 years.

This same risk is available in everything in this world, not even our lives are guaranteed, anything can happen to anyone at any freaking time.
I am defending this because my retirement plan ends with Bitcoin, I don't plan on having gold or silver, I care about having a good amount of Bitcoin when I am older if I have to give my children some of my things Bitcoin would be the first.

This is just me, I don't know about you, but I have more confidence in Bitcoin than anything, and still won't stop me from having properties but Bitcoin will be my bank, my right channel for funding anything and everything that I want to fund.

[Republikcoin.com]

It's normal for people to make plans for retirement and before I got to know about crypto and Bitcoin investment, What was a normal routine for most business men that are self employed around me was to use their period of active service in building fleets of houses they would normally give out on rentals which after they're at the stage of retirement and are off the active service would serve to take care of all there upkeep till they grow old.

From what I've come to see, such investment has lots of disadvantages and limitations due to unforseen circumstances like war and government policies that could make the cite of the buildings inhabitable thereby making the investment unprofitable and sometimes most men at the point of retirements, discovering that they can't get access to all they've invested into become traumatized in the process.

Investing into Bitcoin is good and for the time being, we can actually make a ten year speculation on the fact that it will still remain a  valuable and profitable investment but the question here is;

Is it wise and realistic for someone in his early twenties to set up Bitcoin as  a retirement plan such that he continues accumulating Bitcoin from this time till he gets to his retirement age?

It is clearly wise for those in their twenties to try to accumulate Bitcoin between now and retirement. But on the one hand there is also another question that arises from this, namely whether young people who are still in their twenties are able to hold Bitcoin for that long because usually young people nowadays are more easily tempted by luxury things that make them try to buy it. So they often forget that they are planning their retirement by collecting Bitcoin by continuing to hold Bitcoin until that time comes later in their life.

Apart from that, everyone should not ignore fleets such as houses and several other assets that can be useful for their lives and also for future generations through their own families. Because whatever the regulations from the government and natural disasters that can appear suddenly without us realizing it, residences such as houses and buildings that can be used as investments for the future must also be considered important.

Because if someone is afraid to make that kind of investment in their life just because of natural disasters and regulations from the government, I think Bitcoin investors will also feel something that is not much different if a natural disaster can destroy the internet in their area. Likewise with regulations from the government which you don't need to be afraid of because if you are afraid to invest because of that, it means you have to become the leader of that country or create your own country whose rules you can make yourself

[eightdots]

It's normal for people to make plans for retirement and before I got to know about crypto and Bitcoin investment, What was a normal routine for most business men that are self employed around me was to use their period of active service in building fleets of houses they would normally give out on rentals which after they're at the stage of retirement and are off the active service would serve to take care of all there upkeep till they grow old.

From what I've come to see, such investment has lots of disadvantages and limitations due to unforseen circumstances like war and government policies that could make the cite of the buildings inhabitable thereby making the investment unprofitable and sometimes most men at the point of retirements, discovering that they can't get access to all they've invested into become traumatized in the process.

Investing into Bitcoin is good and for the time being, we can actually make a ten year speculation on the fact that it will still remain a  valuable and profitable investment but the question here is;

Is it wise and realistic for someone in his early twenties to set up Bitcoin as  a retirement plan such that he continues accumulating Bitcoin from this time till he gets to his retirement age?

Everyone wants to be comfortable when they retire. In order to be comfortable after retirement, you need to evaluate your income well before retirement. There are many methods to utilize income well. One of these methods is to invest in Bitcoin. Bitcoin has always made its investors profitable in the long run. Bitcoin is currently doing this.

Diversification is important when investing. You should do your own research and consider many other investments along with Bitcoin.

Planning for retirement has nothing to do with age. There is no age limit for saving and investing in the future. There is no age limit to start planning and achieving goals, the sooner you start the better.

[Maus0728]

Do be careful about that idea OP, you don't want to end up with no money in your name when you retire or that you've got smaller than you'd expect to have amount of pension money, don't rely on bitcoin as your way of growing your pension, maybe diversification can help you but other than that, you've got to be crazy to just rely on bitcoin, can you even handle the possibility that you're going to be seeing your pension money going up and down whenever the market is experiencing issues and FUDs because you've got to be really strong and won't be easily swayed by these FUDs and short-term price drops if you're investing your pension on bitcoin alone and can you handle hodling for a really long time? Because that's what you're going to be doing all the time, no selling or withdrawing, just accumulating.

Have you also thought about how to store your bitcoins long-term? Because there's a case of obsoletion in technology and you don't want that bitcoin get locked out because your wallet isn't compatible with the latest technology at the time that you're selling to claim that pension.

[Assface16678]

Bitcoins are really improving to be honest. If you ask me then it will be really a great plan to use Bitcoins as your retirement options. Bitcoins have really grown in the past few years. So if you are someone who is in their late twenties, then definitely you can make your retirement life easily by investing in the coins. Just regularly accumulate the coins and after 40 years, definitely you will make good profits.

Its not that I believe bitcoin will last for a very long time, in fact I want bitcoin to be there forever, but we are never sure what will happen next to bitcoin or any crypto currency, so its also important that you have savings when you retire. Yes,  bitcoin can be a retirement plan if you have holdings and bitcoin is still active, then it will be a great retirement plan along with savings, because as I said, we can never be too relaxed or too sure. 

You can also diversify your investments, not just in bitcoin; you can invest in businesses or any other things that you can invest in and earn. In short, it's better to have a lot of options or a retirement plan because it will make your retirement more comfortable and secure so that you never have to work again. Personally,  I aim to have one or two businesses before I retire and focus on investing in crypto currency and other things I can invest in.

[Alana Arden]

In the country where I live, most people rent houses or build apartments to provide for their old-age pensions. They have yet to educate themselves on Bitcoin investing. So they think Bitcoin is not a retirement pension for them. But they also forget that there is a cost to build a house and government taxes to pay, so they could have easily invested in bitcoins for a long time and got great returns for a while, so they could spend their free time happily. But alas, they are depriving themselves of the benefits of Bitcoin investment.
    On the other hand, investing in Bitcoin is undoubtedly a great investment, but we don't know what will happen in the near future. Even if the price is skyrocketing now, the price may come down. This is important to remember. I'm not scaring you, OP, just reminding you of the pitfalls of Bitcoin.
      However, from what I've learned so far about Bitcoin, I think some of our income should be invested in Bitcoin for the long term for retirement, as well as other options and holdings to grow pension funds. So that if we lose in one investment, we can compensate that loss with the profit of another investment.

[nimogsm]

Is it wise and realistic for someone in his early twenties to set up Bitcoin as  a retirement plan such that he continues accumulating Bitcoin from this time till he gets to his retirement age?

why not? This is a completely working financial instrument and I think many people from this forum have definitely thought about it at least once.Of course,I would not invest 100% in Bitcoin anyway,most of it should be in national currency (depending on the situation in the country and its economic prospects) but as part of an investment portfolio for future old age, definitely yes and yes again.

[Ayers]

Bitcoins are really improving to be honest. If you ask me then it will be really a great plan to use Bitcoins as your retirement options. Bitcoins have really grown in the past few years. So if you are someone who is in their late twenties, then definitely you can make your retirement life easily by investing in the coins. Just regularly accumulate the coins and after 40 years, definitely you will make good profits.

But how can you be sure that 40 years from now bitcoin will still exist and have value? Not to mention holding bitcoins for 40 years is not easy and there is no guarantee you won't sell them early when there are big Fuds in the market. Even if people buy bitcoin to prepare for the next bull season, I don't see too many people doing that, let alone holding bitcoin for 40 years.

Life is getting busier and busier and we cannot even ensure that we can survive and provide a full life for our small family. So instead, don't rush to make too far-fetched plans but focus on the short and medium term first. Once you have everything sorted in the short and medium term, then start thinking about the long term.

[kryptqnick]

Having a place to live is great because you can at least be pretty sure you won't be homeless. Having another place to rent out isn't a bad plan if a person knows how to do that and can afford it, but I agree that, to me, Bitcoin investment sounds potentially more profitable and more useful as a retirement plan. That's especially true in places where the rent is low. I know someone in their 70s who has two flat she's renting out, and she also received a small pension from the government. The total amount she gets is something like a medium wage for one person, but she also lives with another person who doesn't have income, so this income is just enough to cover food, pills, and bills.

[BABY SHOES]

For 14 years bitcoin's price has continued to increase until now, meaning we can draw conclusions in the next 20 years bitcoin is much more valuable, right? So there is nothing wrong with preparing a pension fund as early as possible by storing it in bitcoin then I say it is something good, but so far only a few are doing it unless their goal is investment.

I have almost the same plan where I want to save in bitcoin for my children when they grow up, they can use the money for their needs, but until now it has not been realized because of limitations and some who have not been able to practice it.

Why is that and not consistent with yourself? Because I realize that when there is an opportunity for profit, it will be immediately withdrawn and will be used for other purposes, so far investment is only limited to wanting profit not as a retirement fund, maybe because now I'm too young so I don't think about it.

[bettercrypto]

It's normal for people to make plans for retirement and before I got to know about crypto and Bitcoin investment, What was a normal routine for most business men that are self employed around me was to use their period of active service in building fleets of houses they would normally give out on rentals which after they're at the stage of retirement and are off the active service would serve to take care of all there upkeep till they grow old.

From what I've come to see, such investment has lots of disadvantages and limitations due to unforseen circumstances like war and government policies that could make the cite of the buildings inhabitable thereby making the investment unprofitable and sometimes most men at the point of retirements, discovering that they can't get access to all they've invested into become traumatized in the process.

Investing into Bitcoin is good and for the time being, we can actually make a ten year speculation on the fact that it will still remain a  valuable and profitable investment but the question here is;

Is it wise and realistic for someone in his early twenties to set up Bitcoin as  a retirement plan such that he continues accumulating Bitcoin from this time till he gets to his retirement age?

If in today's age, when they are only 20 years old, they can think of saving Bitcoin for their old age, of course that is a very good plan for a newly twenties person who can think of such things in reality.

I am pretty sure that he will go far in this field of the bitcoin business industry. Then, after 14 years of Bitcoin and more than a decade of cryptocurrencies, I can say that it can give people a good thing if they only understand and find out the brighter side of it, to be honest.

[AnonBitCoiner]

Bitcoin is a good opportunity of earning but it is volatile so if you put money into it and thought as it will give you a monthly pension then some months you will gain huge money but other months your pension will be lower due to volatile nature of bitcoin.

Consider bitcoin as a better opportunity for just investment but accept another thing as a source of pension which can give you a stable income like that of building a house a give it on rent or do something else but remember that don't choose volatile field.

[MFahad]

Do be careful about that idea OP, you don't want to end up with no money in your name when you retire or that you've got smaller than you'd expect to have amount of pension money, don't rely on bitcoin as your way of growing your pension, maybe diversification can help you but other than that, you've got to be crazy to just rely on bitcoin, can you even handle the possibility that you're going to be seeing your pension money going up and down whenever the market is experiencing issues and FUDs because you've got to be really strong and won't be easily swayed by these FUDs and short-term price drops if you're investing your pension on bitcoin alone and can you handle hodling for a really long time? Because that's what you're going to be doing all the time, no selling or withdrawing, just accumulating.

Have you also thought about how to store your bitcoins long-term? Because there's a case of obsoletion in technology and you don't want that bitcoin get locked out because your wallet isn't compatible with the latest technology at the time that you're selling to claim that pension.

Very good points, one needs to make sure that one completely understands everything before one gets to execute one's plans, especially when it comes to investing in cryptocurrencies with either savings money or a pension because both of these are very important for someone and their future. Not knowing the risks involved and the possible negative outcomes of an investment can be devastating for investor in the future once they experience extreme ups and downs in their journey.
This is why, it is essential for an investor to understand and know everything beforehand to avoid any problems and confusions later on.

[AVE5]

I disagree with you Op, make your research and you'll find out that real estate investments has never lost its potentials values when it has to do with present and future investment. Let's not get it twisted, bitcoin is a good investment and very suitable for retirement establishment. You're right to say real estate investments such as the housings could collapse at when there's a crisis or can get on inactive operations during when there's a war and that is the major issue that's faced with the real estate investments, it also demands maintenances to the the assets orderly in used.

Op, you should be let known that real estate because is not such risky to looses such as bitcoin investment and so also, it's not affected by inflations which prioritizes a major threat of fear for bitcoin Investors who would had retired and needed money to solve their needs with an urgent retirement. Meanwhile bitcoin is an investment that if you must make it profitably then you must bargain on a long term investment. At this moment it'd be difficult for a pensioner to afford a quick income while they're on a long term investment and if they can't stick to that long term goal, then they're at the surge of counting looses whereas they couldn't stay patient while the markets appreciates to bring them profits. This is to say the volatility of bitcoin is the possibility of the bitcoin investment to encounter inflation which is depressing to a pensioner who doesn't have an alternative source of income.
You can also think about the possibilities of loosing your bitcoin asset's if by means you lost your seed phrases or you get them publicly exposed.
So Op, your point of view towards real estate investments wasn't enough to trash it's lucrative potentials.

[Queentoshi]

Is it wise and realistic for someone in his early twenties to set up Bitcoin as  a retirement plan such that he continues accumulating Bitcoin from this time till he gets to his retirement age?

If this kind of target is set to accumulate bitcoins up until retirement age, you have to make the details more specific.
What will be your retirement age? Is it the time you stop working in a company, or when you choose to stop being involved in the operations of your business? Will the plan be to stop investing at retirement? All these questions need to be answered.
Another opinion I have is that waiting until retirement is too long to enjoy the benefits from your investments in bitcoins. What if you die?

[Kwarkam]

Is it wise and realistic for someone in his early twenties to set up Bitcoin as  a retirement plan such that he continues accumulating Bitcoin from this time till he gets to his retirement age?

why not? This is a completely working financial instrument and I think many people from this forum have definitely thought about it at least once.Of course,I would not invest 100% in Bitcoin anyway,most of it should be in national currency (depending on the situation in the country and its economic prospects) but as part of an investment portfolio for future old age, definitely yes and yes again.

Is that an advice for somebody of really young age?
 As it is a brilliant investment plan, is it advisable to tell a really young person to have that as an investment plan?? Given that in the next fifty years, totally ANYTHING could happen?
If after years and years of growing your investment and something happens, unforseen circumstances, you dont have access to your coins for any reason whatsoever, that will be catastrophic.

[Bitstar_coin]

In times like this when you really wish you had done that. Self investing in btc as a pension package for retirement is not a bad idea, btc is a trusted asset which is expected to be around for generations hopefully. I guess the fear of losing funds is very minimal except it is a mistake on the part of the investor.
Btc has outperformed some major assets in this recent market rise. It has made both long and short term investors lots of roi. Despite all the risk associated with such volatile assets, it always proves to be among the best choice in the various assets class.

[lovesmayfamilis]

Thinking about old age while being young is the smartest thing to do. We are all not getting any younger every year. Therefore, investing a certain amount of your earnings and leaving it untouched will be good insurance against all unforeseen situations that may happen. And it is precisely for young people that such a strategy can turn out to be very successful. And yes, of course, I mean investing in Bitcoin. But I would add the desire to achieve passive income, which could be provided by some X's received from profit growth, such as selling rental housing or premises.

[nimogsm]

Is it wise and realistic for someone in his early twenties to set up Bitcoin as  a retirement plan such that he continues accumulating Bitcoin from this time till he gets to his retirement age?

why not? This is a completely working financial instrument and I think many people from this forum have definitely thought about it at least once.Of course,I would not invest 100% in Bitcoin anyway,most of it should be in national currency (depending on the situation in the country and its economic prospects) but as part of an investment portfolio for future old age, definitely yes and yes again.

Is that an advice for somebody of really young age?
 As it is a brilliant investment plan, is it advisable to tell a really young person to have that as an investment plan?? Given that in the next fifty years, totally ANYTHING could happen?
If after years and years of growing your investment and something happens, unforseen circumstances, you dont have access to your coins for any reason whatsoever, that will be catastrophic.

The sooner you master complex things, the better. For example, I have been using the “10% rule” for many years. The essence is very simple: if you manage to make a profit, 10% of it goes into a separate account and serves as savings. Then the capital received can be invested further, but at the same time it cannot be sold; the main rule is that it must be in circulation.

[GideonGono]

~snip~

Investing into Bitcoin is good and for the time being, we can actually make a ten year speculation on the fact that it will still remain a  valuable and profitable investment but the question here is;

Is it wise and realistic for someone in his early twenties to set up Bitcoin as  a retirement plan such that he continues accumulating Bitcoin from this time till he gets to his retirement age?

For me it is a good retirement plan, we only need to have a complete access to it remember not your key not your coin.
If you're at your early twenties and you are investing or accumulating Bitcoin (Crypto currencies) as your retirement plan, you should do it on your own wallet that you have full access not on trading sites or online wallets provided by 3rd parties.
And if anything happens to crypto before they even retire they could just sell it all of and invest in other things, we couldn't be so sure that crypto or Bitcoin would still be strong at their retirement age if they are only at their early twenties.