Bitcoin as a Retirement Bet

[famososMuertos]

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

Well, there is no ceiling in that sense, the more BTC the amount is, the better in this idea of ​​taking it as a withdrawal liability, the issue is, how much do you need to have to have a worthy withdrawal, it is not a question of 1000BTC or 1BTC to a worthy withdrawal , so in reality it is something (very) individual. Then, in any case a retirement fund based on several assets is always better, so within that 100% of the money that you stipulate, bitcoin should never be 100%.

[Emmanuelex]

Bitcoin is a good investment, and I believe it would be worth more in the future for anyone with plans using it as a part of their retirement plan. Though I would not recommend going all in in Bitcoin, try invest in other things as well, this is life we are talking about and nothing is fully guaranteed. So invest wisely.

[bangjoe]

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

Well, there is no ceiling in that sense, the more BTC the amount is, the better in this idea of ​​taking it as a withdrawal liability, the issue is, how much do you need to have to have a worthy withdrawal, it is not a question of 1000BTC or 1BTC to a worthy withdrawal , so in reality it is something (very) individual. Then, in any case a retirement fund based on several assets is always better, so within that 100% of the money that you stipulate, bitcoin should never be 100%.

I agree with you and Bitcoin should be used as one of the options not the only option as a place to save money for retirement or old age, however risk and money management needs to exist, we cannot be fanatical in life, what if the seed phrase disappears and other things that interfere with your bitcoin, maybe someday if you can't withdraw it it becomes a problem and you only have assets only in bitcoin, that's too dangerous when viewed from the risk of bad possibilities, we should have other options such as land, gardens, gold or anything that might provide value to us in old times, and I think it is much better for financial health, where we have bitcoin and other assets besides bitcoin.

[MarjorieZimmermanGinger]

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

Depending on each person's point of view, assessing and investing in Bitcoin will look good if they understand how. Bitcoin can be used for retirement investment because its value continues to increase and if someone dares to hold it in the long term then they will definitely get the desired profit. Pension investments really need to be prepared so that people can live a much better life when they are old and that means they need to be prepared well.

If someone understands how to invest, the money placed in bitcoin investments for retirement will be much more productive because it can continue to increase in value. I agree with preparing bitcoin for retirement investment because as far as we can see bitcoin does have a good ability to maintain value.

[AbuBhakar]

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

I would say don’t all-in since Bitcoin still contain high risk due to its volatility considering that we are talking about retirement money which you will badly need in the future. You can’t afford to hold longer if you are already retired while the price of Bitcoin that time is lower than your average buy. There’s a lot of time which Bitcoin plunge huge percentage of the price that makes it still a high risk.

I think splitting your retirement plan to stock market, cash in the bank and Bitcoin will be a good idea since you can hedge the risk if one the 3 market crash.

[Lantind]

I would say don’t all-in since Bitcoin still contain high risk due to its volatility considering that we are talking about retirement money which you will badly need in the future. You can’t afford to hold longer if you are already retired while the price of Bitcoin that time is lower than your average buy. There’s a lot of time which Bitcoin plunge huge percentage of the price that makes it still a high risk.

I think splitting your retirement plan to stock market, cash in the bank and Bitcoin will be a good idea since you can hedge the risk if one the 3 market crash.

I agree with you, of course it would be better if we didn't put all the assets we have in Bitcoin and in terms of price, of course no one can guarantee that the price of Bitcoin will continue to increase, as you said, it is very true because of its high volatility, of course this would be very risky if We want to maintain all the assets we have for retirement and if the price of Bitcoin does not match what we want, of course this will be very disappointing when our retirement age arrives.
Choosing to divide the assets we have into several areas for future investment is certainly a good choice considering that of the many types of investment, of course we have to have them so that we can enjoy the benefits of what we invest.

[Kakmakr]

I will not gamble my future on a technology that might be replaced by something else in 30 to 40 years from now.

That is not to say that I will not use Bitcoin to accumelate more wealth, while it is still a hot topic and a technology that are trending.

Any form of saving that beats inflation are good and Bitcoin has out performed inflation for many years.

[dezoel]

Bitcoin is a good investment, and I believe it would be worth more in the future for anyone with plans using it as a part of their retirement plan. Though I would not recommend going all in in Bitcoin, try invest in other things as well, this is life we are talking about and nothing is fully guaranteed. So invest wisely.

I agree with you, this is a piece of wise advice, many people who consider Bitcoin as an all-in asset end up regretting it later because no matter how good a thing is, there is no telling the future. Maybe everyone has good hopes and believes that Bitcoin will go higher in the future and they will benefit, but this is all just hope, I'm not sure why, they put all their investments in Bitcoin. It's not wise to go all-in, one should look at other things besides Bitcoin and wise people are the ones who make good decisions for the future and don't depend on just one thing but always have other options.

I have seen people make mistakes themselves and later blame other people who did it on the advice of so and so and if they succeed in something they take all the credit and say yes, it was my idea, it was a wise decision, I did it and I succeeded. If you hold yourself responsible for success, you must also hold yourself responsible for failure.

[naira]

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

In my opinion, it is good as long as you are able to secure the recovery seeds properly and safely. There is a lot of evidence that people in the past succeeded in doing this, whether intentionally or not, where the seeds of healing could be accessed again so that they were able to become billionaires today. When it comes to retirement investments, it is also a good choice to at least have someone who can look after your assets when needed. Not only as a retirement investment, Bitcoin is an inheritance for our children in the future by preparing everything that will later open up access to the inherited Bitcoin.