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Author Topic: Bitcoin as a Retirement Bet  (Read 591 times)
Pandu Geddon
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June 30, 2024, 02:03:57 AM
 #101

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.

when we are still productive in making money from work, it would be good to leave some money for long-term plans as reserve money for when we no longer have a job in old age.
Old people used to keep their investments in gold or foreign currency in banks. but for our current generation, knowing Bitcoin gives us another understanding for saving our investments in future assets which I think will not be difficult for children in the future to understand.

If we are lucky enough to be able to pass on Bitcoin to our children, of course we have to have good storage. We never know the value of our investment in the future. but what we are planning now certainly has good intentions for our heirs.
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June 30, 2024, 02:16:12 AM
 #102

Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?
Definitely the best place keep retirement fund is in bitcoin. Checking from the past and previous record of bitcoin, you will notice that bitcoin has grown significantly tremendous. Right from its early days till now. So I believe if people should be keeping there fund gradually or or buying bitcoin bit by bit, they will surely have kept alot of fund in bitcoin for furure purpose and may have accumulated alot for retirement. In my way of understanding investing in bitcoin is the best retirement plan.

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uswa56
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June 30, 2024, 03:48:14 AM
 #103

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.
when we are still productive in making money from work, it would be good to leave some money for long-term plans as reserve money for when we no longer have a job in old age.
Old people used to keep their investments in gold or foreign currency in banks. but for our current generation, knowing Bitcoin gives us another understanding for saving our investments in future assets which I think will not be difficult for children in the future to understand.

If we are lucky enough to be able to pass on Bitcoin to our children, of course we have to have good storage. We never know the value of our investment in the future. but what we are planning now certainly has good intentions for our heirs.
Setting aside some of the income we have for long-term plans is certainly very important because it is very unlikely that we will continue to work until we are old and we can see that some people who have prepared savings for their old age will certainly be able to relax and enjoy with their family, for now. Indeed, many people have invested in Bitcoin and as you said, it is easy to understand, but for some people who don't want to learn it, of course it won't mean anything to them.

Everyone of course has good plans for their future and also their children and of course they will pass on to their children the assets they have accumulated and as you said it is very true we never know the value of the assets we have invested in and if we don't store the wallet key properly and the assets have made a profit, of course this doesn't leave anything for us, so it's important to be able to store the wallet key properly so that we can still access the assets that we have stored.

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July 06, 2024, 10:59:03 AM
 #104

~

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.

I'm sure you are right about more people participating boost the demand for Bitcoin, and thus various pension funds around the world can boost the demand a lot and consequently the price of BTC in USD. Actually, I reckon some pension funds did exactly that, they invested significant parts of their money in Bitcoin several years ago and now all those people who trusted them can be enjoying the benefits of those investments.

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July 06, 2024, 11:58:11 AM
 #105

~snip~
Setting aside some of the income we have for long-term plans is certainly very important because it is very unlikely that we will continue to work until we are old and we can see that some people who have prepared savings for their old age will certainly be able to relax and enjoy with their family, for now. Indeed, many people have invested in Bitcoin and as you said, it is easy to understand, but for some people who don't want to learn it, of course it won't mean anything to them.

Everyone of course has good plans for their future and also their children and of course they will pass on to their children the assets they have accumulated and as you said it is very true we never know the value of the assets we have invested in and if we don't store the wallet key properly and the assets have made a profit, of course this doesn't leave anything for us, so it's important to be able to store the wallet key properly so that we can still access the assets that we have stored.
Saving and investing, thats your ticket to a future where you're not eating cat food in a cardboard box. You have to think long-term, what happens when you're too old to sling burgers or code? Im not suggesting put all your eggs in one basket, but Bitcoin aint just some eggs, its a whole revolution. Control over your OWN money? Transparency? This is revolution, folks

It can be confusing, folks, it took me a while to figure out. But once you get it, you are done. But remember, if you lose that wallet key, or password, or anything related to security, you're screwed. Treat it like your social security number. And dont be selfish with this knowledge. Pass it on. Teach your kids, your nephews, folks, even your grandma if she's cool. Make sure they get it. Its not just about the money, its about empowering future generations. Dont let them become financial sheep, they gotta be financial wolves.

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leonair
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July 06, 2024, 04:43:23 PM
 #106

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 don't want to risk money by making a wrong decision to invest. So we have to think carefully before investing so that investors don't face any big problems later. Besides investing in Bitcoin, if we invest in something good.  But it can bring us a lot of profit. So I thought and decided to invest somewhere else besides Bitcoin. But we should invest in Bitcoin and wait so that we can sell them in the future and spend the rest of our lives well. Like this.  I decided to invest in Bitcoin after thinking about it but I don't know how good the Bitcoin market will be in the next few years I will understand when the time comes.

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July 06, 2024, 09:55:07 PM
 #107

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 don't want to risk money by making a wrong decision to invest. So we have to think carefully before investing so that investors don't face any big problems later. Besides investing in Bitcoin, if we invest in something good.  But it can bring us a lot of profit. So I thought and decided to invest somewhere else besides Bitcoin. But we should invest in Bitcoin and wait so that we can sell them in the future and spend the rest of our lives well. Like this.  I decided to invest in Bitcoin after thinking about it but I don't know how good the Bitcoin market will be in the next few years I will understand when the time comes.
Investing on Bitcoin as act as your retirement then it would be something risky, im aint saying that its bad but you should really be always reconsidering about the impose risks. This is why there would really be those investors who would really be that still preferring the old traditional way on which assuring themselves that they could benefit on the moment that they do retire. Somehow, if you do eargerly wants to invest with Bitcoin then you could actually do but you should really be considering about the risks involved so that you wont really be that ending up miserable if shit do happens. There would really be no assurance when it comes to Bitcoin on which its just right that you should really know on what you are dealing with. Cant blame other people though if they are really that too positive on holding Bitcoin as we do all know about its potential or on the things that had already been done then you could really be having that kind of confidence.

Always set back up plans if other things do fail then you could always have  that back up, which this one wont really be limited on Bitcoin but also
in other aspects as well.

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