Bitcoin as a Retirement Bet

[Z-tight]

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

It is not bad for people who believe in BTC and whom have good knowledge about it, because there is no doubt that there is risk in it. Volatility risk and security risk are some of them, so if you understand these, you'll know were to set your expectations and also how to safely store your coins.

It is also important to know that you should have part of your money in lower risk investments, especially when we are talking about a retirement plan, i.e. bonds, Money Market Funds, etc. So the point is, do not plan for your retirement with only BTC, because it is a high risk asset.

[Huppercase]

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

Retirement plans means one thing, they are looking to hold for as long as they could hold. This is a good call I must say but I don't think it's a good idea to put everything in one basket because when a person goes to retirement, it means the person has stop working for money and is just resting and using some small change to pay bills but I think using some part of the fund for Bitcoin is better and the use the rest for an investment that can give passive income.

The reason why I'm saying this is that Bitcoin is volatile and it can favour you or gives you loss if you buy at all time high. It's not a bad thing to invest in Bitcoin but it should have been with a fund that you are ready to risk it all incase anything should happen, you are ready for any consequences but a retirement money is not something anyone can let go and you know shit happens, you never can tell tomorrow but it's good to be optimistic though.

[Franctoshi]

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

Sure, if we go back to Bitcoin's historical performance from when it was lunched 2009 down here 2024, You will definitely agree with these categories of people looking to have a retirement investment savings with Bitcoin, Because over the past years, the price of Bitcoin has never been same after each halving, so if we should capitalize on this alone, it means someone who is Buying Bitcoin and in form of saving for retirement will never regret doing so, reason being that Bitcoin must have gained a lot in value.

[darkangel11]

IMO it's a safe bet. Bitcoin is known for a number of things. One of them is volatility, which can be a bad thing if you need money at some point and can't find other ways to get it but to use your savings.
It's also known for price appreciation after halvings and limited supply which makes it go up in the long run. The way I see it, you can't lose if you're willing to wait 5 years or more, so as a retirement bet (10 years +) it's going to work out, I'm sure of it.

[Ryu_Ar1]

It is undeniable that most people may include me investing for old age (retirement) to be more secure and indeed such intentions are not a grandiose thing but the problem is how strong we hold bitcoin in the end because after all to achieve such goals (investment for retirement) clearly requires strong enthusiasm and determination because this cannot be done if we are not serious from now on.

In addition, time considerations may also be a reference in this case because after all, when we are now at a productive age or maybe even younger (because not a few students are in bitcoin) it must also be considered whether we are able or not to be there that long.
It's just that whatever the intention is whether it's for retirement or not what needs to be believed from this is when we are in bitcoin and with confidence that bitcoin will be able to bring us to the changes that are expected by looking at the current progress then it is very good.

[Stalker22]

Yes. Bitcoin should be part of retirement planning. I mean it is not gonna make anyone rich quick or anything.  But small consistent investments over decades can pay off big time later and  bitcoin seems smarter than keeping money in a savings account making jack squat interest.  The idea is that we could live off interest, assets appreciating, that kinda thing, without even touching the capital we have built up.  Im not financial expert, but just makes sense to me put some retirement money in Bitcoin.  Diversify and all that.

[CryptopreneurBrainboss]

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

People using Bitcoin as a retirement plan could be better than most investments out there that people use for retirement but later fail them, for countries with good systems, they can use landed properties and other assets as their fall to plan for retirement and they will receive it without any stress but for people living in countries that the laws can be broken easily and they won't get any repercussions, having your retirement pans on Bitcoin that is a digital and can be accessed quite freely is actually a life saver. With Bitcoin you can save down millions and it won't have any taxes attached

If you're a hodler and you're planning on holding until God knows when then this will be a perfect plan for you to accumulate Bitcoin rather than depending on other investments. Investing in Bitcoin as a retirement plans would be more successful than investing in bonds and stocks that mightn't be around as Bitcoin is going to be and the increase Bitcoin would had achieved in that time. Just some dollars that you might have invested would be worth more tomorrow when you retire and you can be financially freedom.

[Silberman]

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

I do not know if there are actually a lot of people trying to use bitcoin as a way to save for their retirement, but I think it is a good tool for this goal in particular, as even if bitcoin is relatively young compared to other popular investing tools, this also gives bitcoin the advantage that it can produce much higher profits compared to them, so as long as you begin to invest all the money you can in bitcoin, and you can keep holding it until you reach your retirement age, then you will have way more money than other people that did not took the time to invest or that did so in other assets.

[DiMarxist]

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

Those who are investing in bitcoin foe retirement is a very good one. So that in their old age when can't hustle again then they can use the invested bitcoins to feed and maintain theirselves. But they have to do when they are still in the active service and not when they are already retired.

[oktana]

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

It doesn’t sound bad but understand the volatility of Bitcoin. Also, I think it depends on when you start the retirement plan. If you start from an early age to put those savings in Bitcoin rather than the bank, first, your funds are completely yours, second, you can make some extra if Bitcoin price goes up. Continuously saving more and more over the years would be a good idea because Bitcoin has a trend of good growth. So even before the retirement, the savings could be doubled.

[laijsica]

I don't want to say bet on saving/investing Bitcoin for the future or for the retirement period because it is definitely going to be a credible investment if you start saving and till retirement. If you don't want to go past analysis you should stick with them where most investors trust. There are many other factors for its future price growth which you should decide through market analysis. People want to keep their income in bonds or insurance for their retirement even if it doesn't give them the returns they expect. But if you decide to deposit bitcoins every month from your disposable income, you can get higher than expected returns and many times more till your retirement.

[kotajikikox]

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

I know it's just your use of words, but I will not recommend betting on your retirement plan. Retirement is the one you should be sure of since we are talking about the rest of your life here

Anyway, bitcoin is most profitable when you hold for a long period so I think it is a good investment even if you are not in your retirement age just yet you can definitely hold bitcoin until you are ready to retire and use the profit you have made from bitcoin

[Don Pedro Dinero]

People using Bitcoin as a retirement plan could be better than most investments out there that people use for retirement but later fail them, for countries with good systems, they can use landed properties and other assets as their fall to plan for retirement and they will receive it without any stress but for people living in countries that the laws can be broken easily and they won't get any repercussions, having your retirement pans on Bitcoin that is a digital and can be accessed quite freely is actually a life saver. With Bitcoin you can save down millions and it won't have any taxes attached

Well, you will actually have to pay tax when you convert it to local currency, or if you live in a country where there is a wealth tax and you exceed the threshold. Another thing is that with bitcoin it is much easier to hide it and transport it, and therefore, if necessary, you can go to a country that has no or much lower taxes on bitcoin. If you have a house worth 1 million dollars and everyone sees it, when you sell it you cannot avoid paying taxes on the sale, nor can you avoid paying property tax while you have it, nor can you take it to El Salvador or any other place where you will not be taxed.

For me, bitcoin should be part, although not exclusively, of a good retirement plan.

[God bless u]

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

It's a good option but you have to be very careful while investing into Bitcoin. As you know that the market is very volatile and the retired persons have certain amount of money that they are alloted while retiring.

You have to hire some good crypto trader or an experienced individual so that they can offer you some very good techniques that will help you to gain some continuous and good profits.

[microsurfer]

With current inflation rates you will never have enough money for retirements. I guess that you need at least 20 btc to play if safe

[Z-tight]

With current inflation rates you will never have enough money for retirements. I guess that you need at least 20 btc to play if safe

It is true, if you are saving your retirement funds in fiat, then by the time you retire, the money would be worth nothing and inflation would have eaten almost all of its value. However, only 'few' people would ever own 20 BTC or its equivalent in any fiat currency, only rich people can afford that, and then they would not have to save for their retirement out of their ears.

I believe retirement funds are better if put into medium risk investments, it is good to have some of it in liquid cash, but keeping all of it in cash is too 'risky' in itself, because of inflation, which will always continue rising.

[Litzki1990]

When a person retires from a job, he is paid a lump sum according to the job, which is roughly the sum of money. Many have a dream that they will build a house with their pension money and many dream that they will fulfill their wishes with this pension money and there are some retired employees who think about their future and invest their entire money in various business activities. There is nothing wrong if a retired person invests his pension in Bitcoin if he has knowledge about Bitcoin and believes in Bitcoin. But I would say to invest half or two-thirds of the pension money instead of investing the entire amount. The remaining half or the remaining part of the money can be used for his various dangers.

[Mr.right85]

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

In as much as Bitcoin could be a good investment, having to give it priorities as an investment for the retiree doesn’t sit so well with me. I mean, these are persons who can have high blood pressure at any time and having their hopes hooked on a highly volatile investment like Bitcoin, which can pump and dump unannounced could mean trouble for a retiree. Having the values of their holdings depreciate wouldn’t make a good site and these guys need something a lot more steady to go on, they don’t need that volatile Bitcoin.
Therefore, having it for an investment before retirement and through retirement is good but, it’s shouldn’t be there sole investment.

[GbitG]

With current inflation rates you will never have enough money for retirements. I guess that you need at least 20 btc to play if safe

You are right, and this is the reason why a wise person would barely settle down with what they have because they would know it wouldn't be enough unless they have accumulated a lot of it or they want to live a simple life without any luxuries or enjoyments and knows he wouldn't need a lot of money to enjoy their life until they leave this world.

If someone has about 20 Bitcoin or money equivalent to it, they would start investing some of it, maybe start some businesses that they know would grow and provide them some revenue in the future that they can use, some people would invest all of it because you can make more money with money and it is all about how you use the money you have.

[Marvell1]

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

It doesn’t sound bad but understand the volatility of Bitcoin. Also, I think it depends on when you start the retirement plan. If you start from an early age to put those savings in Bitcoin rather than the bank, first, your funds are completely yours, second, you can make some extra if Bitcoin price goes up. Continuously saving more and more over the years would be a good idea because Bitcoin has a trend of good growth. So even before the retirement, the savings could be doubled.

Makes sense, although bitcoin has potential, but we should not ignore its volatility. If we start planning for retirement now and use bitcoin instead of banks or other assets, it will be a great plan and we can even retire earlier than expected if bitcoin reach high prices. But it would be very risky if we are retired and use our retirement money to invest in bitcoin in the hope that it will bring us more profits. Bitcoin's volatility in the short term is very unpredictable and if it accidentally gets dumped, we will pay the price for that. Therefore, depending on the situation and time, we have appropriate choices.