Bitcoin as a Retirement Bet

[Greyhats]

In most countries there is a cap on how much you can save into a retirement account. Then there is always rules about withdrawals, age limits, taxes, penalties etc etc

With BTC there is no cap, no rules other than your tax obligations.

Its pretty obvious allocating some of your retirement savings into BTC is a good idea. Its way less restrictive vs retirement accounts. Personally I have been playing around with using BTC to fund early retirement until my own fiat retirement accounts kick in.

[Ultegra134]

When we talk about bitcoin and retirement, it doesn't mean we have to put all our retirement assets into bitcoin, bitcoin is just one of many assets that we invest in (Don't put all your eggs in 1 basket.)

I know everyone has a different retirement plan because we need to consider many factors involved but I wanted to ask you. Bitcoin is considered the best profitable asset these days and even if bitcoin cannot give you the best retirement days, what alternative will you choose to replace it?

It goes without saying that it's not advisable to put all eggs in one basket and expect Bitcoin to be your one and only retirement plan. Is it a good investment? So far, yes, it has proven itself that it's a profitable investment. Do we know what's going to happen in 5, 10, or 20 years from now? Certainly not, but that also applies to other investments, such as the S&P 500 or gold. Perhaps these two investments are the answer to your question as well. From my point of view, gold will keep increasing in value, while the S&P 500 index has been steadily growing for more than 20 years.

I think bitcoin has become a lot safer because many countries have legalized it and bitcoin ETFs have been approved. So I don't think it's appropriate to call it a risky asset these days if you intend to invest in it for the long term. Bitcoin has become much safer legally, and in terms of its volatility there will only be short term risks but in the long term I think it is risk free.

That's true, but that doesn't necessarily make it safer. Don't get me wrong, I'm not against Bitcoin by any means, the exact opposite; I believe it has immense capabilities that we haven't seen yet. I'm just pointing out that we cannot deny its nature, that it's a volatile and, due to that, highly profitable investment, with certain risks involved.

[shield132]

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

https://bitcoinics.com/bitcoin-as-a-retirement-bet/

I think that the Bitcoin retirement bet depends on how old you are and when you plan to retire. If you plan to retire in 10 years, Bitcoin might be a very good bet but if you want to retire in 30 years, I wouldn't bet on Bitcoin and freeze funds for 30 years because 30 years is too long period.
I would personally save my savings in Bitcoin but I wouldn't freeze my wallet, I would try to be flexible and I mean that I would track the price and listen to Bitcoin-related news. At the moment, Bitcoin has a very bright future. Bitcoin ETFs and the post-halving situation will create a perfect bullish market for Bitcoin which will last for a year or two. I will exchange my Bitcoins to fiat once I think that Bitcoin raised a lot and the bubble is about to burst. Then I would start thinking about altcoins that have a promising future. At the moment I think about Matic. After the Bitcoin bull run, the Altcoin bull run comes too. If you manage to be flexible and move from Bitcoin to fiat to altcoin to fiat back and then repeat the cycle, you'll manage to retire soon and that's my plan. I don't plan to just buy Bitcoin and hold it for centuries without checking the price every now and then.

[serjent05]

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

https://bitcoinics.com/bitcoin-as-a-retirement-bet/

If Bitcoin market continues its performance then it is a good option for retirement investment.  We all know that Bitcoin has 4-year cycles, wherein each cycle Bitcoin performs a certain multiple price increases and if this cycle continue to happen then in one way or another the investment today will more likely result in a huge profit after each 4-year cycle.

Another thing is the institutional adoption and government acknowledging Bitcoin, at the current state Bitcoin is yet to be fully recognized by the majority of the country, and if Bitcoin is successful in establishing its influence and countries follow those who have a positive view on Bitcoin, we might see its value soar.

Of course, things might happen southward, after all, no one can tell what will happen in the future but for the next two cycles, I believe Bitcoin will continue its progressive performance, and venturing into Bitcoin for a retirement investment will more likely be a profitable venture.  One note though, in order to avoid a serious loss, one must invest only an amount he can afford to lose after all no one knows what will happen in the future so it is always good to have a buffer in case things don't go the way we wanted.

[Abu-Naim]

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

https://bitcoinics.com/bitcoin-as-a-retirement-bet/

It is a very good plan to use Bitcoin investment as your retirement plan for future.

This article explained several things about Bitcoin which will make you believe and answer your questions by yourself. Apart from being decentralized there are several advantages of using Bitcoin investment as your retirement plan which includes store of value, earned profit after some time and fight against inflation.
If you leave your fiat money in the bank as your retirement plan, the money will remain stagnant without gaining any valuable interest from the bank, and inflation will continue to affect the money because its value will reduce due to high cost of goods which is caused by inflation.

[Ndabagi01]

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

https://bitcoinics.com/bitcoin-as-a-retirement-bet/

Bitcoin as a retirement plan is a great idea to me and I can’t see anything wrong with those that have seen it as convincing enough to make it their retirement plan. They’ve come a long way to not be useful to those that have leveraged on its use and at the same time protect and promote the ideal course of its invention.

Using it  as a retirement also require you to have faith in it and use a non-stop supply of cash for investing a very long time before your retirement. It will help you in different aspects of life after it has grown to that extent you’ll be profitable from the investment. Bitcoin has helped made things easier and profitable for us, but only those that are blessed from it will understand.

[Fiasem20]

A retiree who chose bitcoin as an investment in his or portfolio has actually made a good financial decision.Now the society we are investors are going for an investment that is totally a hedge against inflation and Bitcoin could only be the solution,an investment that even in recession it would still stand firm.Saving your funds in fiats as a retirement bet could be a miserable move because it is highly inflated and loses it values during economic downturn.But with Bitcoin it's assured that returns are profitable though the market it volatile (unstable price move),but the value and returns of investment are worth profitable in the long term.

[tread93]

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

https://bitcoinics.com/bitcoin-as-a-retirement-bet/

Definitely gaining popularity gradually to the masses as a retirement portfolio exposure MUST! Gradually all the big financial advisors have been flocking to the ETFs and that will be a good way to go about it for most folks who have no clue how to gain bitcoin exposure through traditional self custodial methods aka cold storage etc.

[redsun114]

I actually do believe that it is a good way to make money, and I know that a lot of people will doubt it, but retirement is my goal as well. I am not "saving until I am 65 years old" or something so I retire wealthy, I am investing until I have 200k, which I am faaaaaaar behind, but let's assume that one day I do reach 200k, then I will stop working and just retire at that moment.

Life is already getting way too tough and I am not even in my forties, so if I could live this harshly for another 30 years, I would definitely have some serious health issues. I need to make 200k quickly, so that I could retire early and just try to relax a bit and keep my body and mind healthy. Started meditation recently, I hope I can see some results eventually.

[Russlenat]

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

https://bitcoinics.com/bitcoin-as-a-retirement-bet/

If Bitcoin market continues its performance then it is a good option for retirement investment.  We all know that Bitcoin has 4-year cycles, wherein each cycle Bitcoin performs a certain multiple price increases and if this cycle continue to happen then in one way or another the investment today will more likely result in a huge profit after each 4-year cycle.

Another thing is the institutional adoption and government acknowledging Bitcoin, at the current state Bitcoin is yet to be fully recognized by the majority of the country, and if Bitcoin is successful in establishing its influence and countries follow those who have a positive view on Bitcoin, we might see its value soar.

Of course, things might happen southward, after all, no one can tell what will happen in the future but for the next two cycles, I believe Bitcoin will continue its progressive performance, and venturing into Bitcoin for a retirement investment will more likely be a profitable venture.  One note though, in order to avoid a serious loss, one must invest only an amount he can afford to lose after all no one knows what will happen in the future so it is always good to have a buffer in case things don't go the way we wanted.

Bitcoin despite of its anticipated progress in the future, is still a risky investment. So one should always take calculated risk, and invest at your own risk. It's good to invest in bitcoin and expect for a brighter future but focusing only in bitcoin for retirement is not a brilliant idea, you need to invest in fiat as well to lessen the risk of losing your capital and to increase of chances in making significant profits.

[AYOBA]

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

https://bitcoinics.com/bitcoin-as-a-retirement-bet/

Have a Bitcoin plan as a retirement investment is a big ideal, because one thing about the Bitcoin investment is that once you've invest into it and hold it for a long period of time in future it will bring a huge profits, and why is that they're always advance a retirement people's should be introduce themselves into Bitcoin investment is that; so that they can have some savings and it will stand as their another success of income.

Bitcoin as becoming a popularity since it as surrounded all over the world wide it will good that if people's can introduce themselves into the Bitcoin investment since it allows us made transactions from one to another, just like a bank account but some people's that don't know how the Bitcoin operates are refers it to scams.

[Sandra_hakeem]

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

https://bitcoinics.com/bitcoin-as-a-retirement-bet/

first of all, why did you decide to call Bitcoin a bet on your topic? Are you rating it on the same scale as other known betting platforms or what?
I haven't lost anything way more than I should ever since I got registered in here and began my crypto journey; It pays to HODL. There isn't no harm in deciding to make it your retirement plan as alot of people have done already, but what makes more sense and gives confidence even in times naysayers will be like -- we've lost it finally, but you still got it is the "knowledge"

I don't think that bitcoin alone is a good retirement investment given how volatile the prices are and how crazy the prices can move, you shouldn't put all of your retirement money in bitcoin because you're going to end up making a big mistake.

In whatever you do, always diversify your means to other MEANS OF survival, should you ever be found in wanting.

[Assface16678]

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

https://bitcoinics.com/bitcoin-as-a-retirement-bet/

If Bitcoin market continues its performance then it is a good option for retirement investment.  We all know that Bitcoin has 4-year cycles, wherein each cycle Bitcoin performs a certain multiple price increases and if this cycle continue to happen then in one way or another the investment today will more likely result in a huge profit after each 4-year cycle.

Another thing is the institutional adoption and government acknowledging Bitcoin, at the current state Bitcoin is yet to be fully recognized by the majority of the country, and if Bitcoin is successful in establishing its influence and countries follow those who have a positive view on Bitcoin, we might see its value soar.

Of course, things might happen southward, after all, no one can tell what will happen in the future but for the next two cycles, I believe Bitcoin will continue its progressive performance, and venturing into Bitcoin for a retirement investment will more likely be a profitable venture.  One note though, in order to avoid a serious loss, one must invest only an amount he can afford to lose after all no one knows what will happen in the future so it is always good to have a buffer in case things don't go the way we wanted.

Bitcoin despite of its anticipated progress in the future, is still a risky investment. So one should always take calculated risk, and invest at your own risk. It's good to invest in bitcoin and expect for a brighter future but focusing only in bitcoin for retirement is not a brilliant idea, you need to invest in fiat as well to lessen the risk of losing your capital and to increase of chances in making significant profits.

Well, that's the one thing that we cannot put away in bitcoin: its risky traits. Well, that is also why many investors invest in bitcoin: they know that the risk is worth it. Anyway, if you can handle and manipulate the risk for your own benefit, you will surely earn a lot, and you will surely make a good investment. Bitcoin is a good thing and an opportunity for us investors, so no matter what the risk is, it's better to take it because if we know how to handle it, we could take advantage of the risk to our own accord. 
 
Bitcoin is the best investment for me or has been for my whole life, so no matter what the risk, I'm ready to face it and take it if and for over. I've faced the risk of bitcoin, and of course, it's not always good as I lose some money sometimes, but that's part of the greater success.

[passwordnow]

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

This has been said before years ago by the early Bitcoin adopters that they'd use Bitcoin as their retirement fund. There's nothing wrong with it. Instead of putting that money in the bank and they'll earn little interest and at the same time that they're going to have some inflation. The value of that money will become lesser over the period of time. Compared to holding it in the form of BTC, you're now going to deal with deflation because Bitcoin does have a limited supply and it's last supply will be mined when we're probably dead already. That's the reason why it's a good retirement fund but for those that think it's a gamble, don't overdo it. Just invest what you think will be right for your retirement. Because think of it, the rich people are also betting their retirement funds with stocks that can be said to be uncertain in the future too.

[aylabadia05]

<snip>

If it's not good , how can it become popular and gradually have more people invest in it? Clearly, the popularity of bitcoin shows that it is a good asset and worth considering for investment.

Before gaining popularity like now, Bitcoin was only valued with Pizza. Who would have thought Bitcoin could be as great as it is now with a price above $ 60,000 / 1 BTC. If it were not for the strong efforts in protecting Bitcoin made by people who believe in Bitcoin, maybe Bitcoin would not have gained popularity like it is today.
When it is popular because of its advantages, it is worthy of being used as a future plan to enjoy wealth for those who use Bitcoin as an investment asset.

[kryptqnick]

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

I think a lot depends on the country you live in and retirement regulations there. If you need to save up everything yourself, it means you need to mix low-risk and high-risk investments, and I wouldn't go with relying solely on Bitcoin. But if you are in one of those welfare countries that automatically opt you in for retirement and for investment options that are considered low-risk, then you can strengthen your own future with Bitcoin and if it doesn't work out, you won't be left with nothing.
I believe in Bitcoin as a strong option for retirement savings, but wouldn't put everything on it.

[Woodie]

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

I don't want to think in the lines of being late to this party...

But how you invest in BTC matters taking into account that if it doesn't work or go your direction you keep living life...and you don't want to be in a situation of getting  loans or you selling everything you have like your car, house  etc & buy the BTC at 66K only for price to crash as low as 20K, probably this isn't going to happen but people that gambled and bought BTC in its early days when it was discounted have already ploughed out massive profits and approach of investing in BTC today has changed which is why strategies such as DCA are being used to avoid putting everything in one basket.

[fuguebtc]

<snip>

If it's not good , how can it become popular and gradually have more people invest in it? Clearly, the popularity of bitcoin shows that it is a good asset and worth considering for investment.

Before gaining popularity like now, Bitcoin was only valued with Pizza. Who would have thought Bitcoin could be as great as it is now with a price above $ 60,000 / 1 BTC. If it were not for the strong efforts in protecting Bitcoin made by people who believe in Bitcoin, maybe Bitcoin would not have gained popularity like it is today.
When it is popular because of its advantages, it is worthy of being used as a future plan to enjoy wealth for those who use Bitcoin as an investment asset.

In the 15 years of bitcoin's existence and development, it is not a too long or too short period of time, but it is enough to prove that bitcoin is very trustworthy and worthy of our trust in it. Therefore, we should not only be grateful to those who created bitcoin, but also grateful to those who have supported and trusted bitcoin over the past 15 years because thanks to them, bitcoin could become as popular as it is today . And for me, before learning or researching anything, I always consider the popularity factor because if it is not good, it will certainly not receive the trust of the crowd . Therefore, popularity can be a reliable measure for us to rely on when learning about bitcoin.

For those who are participating in the market and are planning to invest in bitcoin these days, what they should learn about bitcoin are the pros and cons that it can bring them, and the use cases bitcoin...from there they can decide whether to invest or not, IMO.

[AHOYBRAUSE]

Actually, I wouldn't take the risk and see btc as a retirement investment.
Sure it can all go well, price is going up and you can live happily ever after. But what about the ofter possibility. All crypto basically crashes for whatever reason, may it be another covid ( I remember too well in early 2020 ) or war or who knows what.

In this scenario everything will lose value of course but crypto is depending on so many things, it's just too risky to bet your late life on it in my opinion.
Maybe my opinion is unpopular here, I don't know. I take it "better safe than sorry".

[Jon_Hodl]

Bitcoin is not an "investment" but that doesn't mean that a lot of people won't treat it as one.

Bitcoin is best used as a tool for long-term savings. It will prove to be the absolute safest place to put your money for storing value decades into the future.

Some people think that the ETF is just as good as owning bitcoin but that's not the case. We all need to be careful about is the use of the new ETFs that have convinced boomers to put their retirement money into them. Since we have no way to audit these ETFs, there's no way for us to be sure that they actually have the bitcoin in reserve so it is best to just buy some bitcoin, send it to your own wallet, make sure that your seed phrase is stamped into stainless steel, and then just wait until retirement age.

Maybe the ETFs are honest and they have all of the bitcoin that they say that they have but I trust bitcoin in my wallet a lot more than bitcoin supposedly sitting in Coinbase's wallet that is supposedly owned by the ETFs which are supposedly owned by the people who buy the ETF shares. That's too much risk for my liking which is why I tell everyone that you need to own at least something on-chain otherwise you don't own anything but a paper bitcoin IOU. 

I'm a bit of an absolutist on this but self-custody is the only thing that matters.