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.

[Betwrong]

Bitcoin's definitely gaining traction as an investment option, especially for the long haul like retirement planning. It's got potential for growth, but it's also pretty volatile, so it's smart to approach with caution.

It's always to approach anything with caution, but remember that we are talking here about Bitcoin as a retirement bet. It's not about getting-rich-quickly scheme, rather it's about what are you going to get from your investment in Bitcoin in the long run. We can look at history of Bitcoin and see that so far it was a good decision to invest in BTC. Very good, I would say. And considering that most people in the world are still don't engage with Bitcoin much, we can conclude that in the future, when they realize that BTC is a valuable thing, it's price will rise.

[avp2306]

Bitcoin's definitely gaining traction as an investment option, especially for the long haul like retirement planning. It's got potential for growth, but it's also pretty volatile, so it's smart to approach with caution.

It's always to approach anything with caution, but remember that we are talking here about Bitcoin as a retirement bet. It's not about getting-rich-quickly scheme, rather it's about what are you going to get from your investment in Bitcoin in the long run. We can look at history of Bitcoin and see that so far it was a good decision to invest in BTC. Very good, I would say. And considering that most people in the world are still don't engage with Bitcoin much, we can conclude that in the future, when they realize that BTC is a valuable thing, it's price will rise.

That's how its so good to bet on this since we know that if a lot more people will participate that could gather more demands. Bitcoin numbers is limited as been said for so many times so imagine what will happen to that limited numbers if majority of people in the world would love to grab bitcoin? This provably beneficial for those people decide to spend some money for long term investment on bitcoin.

Bitcoin is starting to get a good break in the mainstream so in future for sure a lot of things will happen which a lot of people could benefit. BTC rise so high for so many years and for sure that there would be a lot more from bitcoin since for sure that there are lots of development will come to it in future.

[Rabata]

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

Cryptocurrencies are always subject to high volatility. And depending on this, if one plans ahead, there is a lot of risk involved. Especially if someone has invested their entire life earning into this platform. A common result of various surveys is that cryptocurrencies are risky. A younger person can take risks. If he loses his investment, he can get a chance to recover his lost money. But when we talk to a retiree about investing in Bitcoin, it must be thought deeply. Because one mistake can spell disaster for those retirees.

There are huge differences between Bitcoin and other coins. For those of us who know about Bitcoin, it is risky but we believe it is a profitable investment. Its chances will increase further in the future. But what is important for an elderly retiree is the possibility of losing money from investments at a time when they need the money. If a person decides to invest for long term then he can definitely benefit.

Finally, I would say that retirees who can afford to keep some emergency funds in addition to their day-to-day living will have the highest potential for profit from investing in Bitcoin. If they keep their retirement money for the long term, that money can multiply.

[SickDayIn]

Your topic title says "bet". There is no gamble or bet when investing in Bitcoin. Choosing not to invest in Bitcoin, is choosing that fiat is stronger than Bitcoin, when we all know it is so incredibly weak. That being said, if you are in or near retirement, i.e. less than 10 years away from retirement, then your investment timeframe might not be best to allocate your full net worth to Bitcoin. Also typically in retirement you will draw down on your Bitcoin, which goes against the rule of never selling your Bitcoin.

[dezoel]

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.

I just do that because I do not trust any other investment, that seems like the only reason for me. I agree that we should not put all our investments into just one thing, but I also question what is better than bitcoin? I mean there are people out there who invested into many things and lost in the end, and I do not trust most of the investments. Even if it is not a bad investment, it could be a slow one, like gold for example which is good but quite slow at the same time as well.

I just think that we should reconsider our stance towards all of this, it doesn't feel like we are doing the right thing. I personally believe that I dislike the fact that I invest only into crypto, and yet I still can't find anything else that I like.

[BitGoba]

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

There aren't many options where you can invest your money to secure a pension. If you save in fiat currency, you lose purchasing power day by day due to high inflation, and hyperinflation is possible, where you could lose everything in a short period. If you buy stocks or bonds, you are still dependent on fiat money. If the fiat system collapses in hyperinflation, the economy will sink, and stock prices will fall, and bonds won't be paid out. Bitcoin is the only safe place; Bitcoin is the lifeboat.

[NASdaq]

Just a reminder: with inflation there coudnt be a safe inflation bet. You never know what prices will be in the next 20 years, so you don't know how much do you need for retire if you don't have big passive income

[uswa56]

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.

Storing well the seeds of recovery is of course very important if we have decided to invest because without storing them well, of course the assets we have will of course not be able to access those assets again and I really agree with you regarding retirement investment, of course we must have someone who Indeed, we can trust someone who can access it, especially when we are old, of course it will be difficult for us to remember it and we could forget the assets we have invested. Of course this will be very unfortunate and no one will be able to enjoy what we have prepared. for old age, inheriting Bitcoin to children will of course be very useful for them and of course we have given them the understanding to be able to use well what we have given them.

[Silberman]

Just a reminder: with inflation there coudnt be a safe inflation bet. You never know what prices will be in the next 20 years, so you don't know how much do you need for retire if you don't have big passive income

You could invest in assets that on average track inflation to get rid of this problem, this is the case for example of real estate, so if you bought several houses and you rent them out, then as inflation keeps going up, the price of your property and the rent you can charge do the same, so as long as you plan your spending you could live out of that passive income for the rest of your life, however as we know, people should plan to have more money stored as when we get older our health will begin to deteriorate, and this obviously means additional expenses.

[GbitG]

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.

+1 for that.

I completely agree with that. A lot of people don't think this way but they should. Bitcoin, no matter how good and trustworthy it is, is a volatile asset and we have seen how low it can go during bear markets, and if someone invests all their money in Bitcoin, especially if it's retirement funds, and the price of Bitcoin takes a plunge when they need that money badly, they wouldn't be able to withdraw and use their money because if they do so, they will lose a lot of value since they will be selling them lower.

So it's important for people to realize that they need to diversify their investments and invest their funds in different areas so that if one of them isn't suitable for them to be withdrawn, they can at least liquidate another investment and use that money for an emergency that they may face.