What do you think about making bitcoin your pension plan?

[As-Soon-As]

My concern is with the rise of local commodities rising,  the value of fiat dropping rapidly, most importantly war's everywhere one might endure a tenure of war and anything it may be because no one knows what will happen tomorrow but one thing is certain, bitcoin price must surely skyrocket and you can choose to find peace and be king anywhere you wish as long as you own bitcoin.

Depositing Bitcoin is definitely the smartest thing to do, as far as I have seen, the price of Bitcoin has increased gradually from the past to the present. But during this time, there have been many opportunities to invest in Bitcoin, those who have accepted this opportunity are the only ones who have accepted this opportunity and have ensured that future economic deprivation will be eliminated. Marrying Bitcoin will definitely eliminate economic deprivation, as long as you keep Bitcoin in the holding state, you will get benefits from Bitcoin.
So of course we should definitely accept Bitcoin holding, so those who are still deprived of Bitcoin investment, quickly take care of today and accept Bitcoin opportunity. Or you can accept Bitcoin investment according to the DCA method, it will be easier to sustain your Bitcoin investment for a long time and the risk will be much lower.

[Smack That Ace]

Yes, right, asset diversification is not concerned shitcoin. The diversification of assets that I mean bitcoin with gold as an example, stocks, or any other asset. Shitcoins are inappropriate and not worth the retirement planning; it is a very risky move.

The majority of the shitcoins are based on the hype, and we cannot count on something that is temporary to retire. Prosperous and effective assets should be used to construct retirement plans.

Diversification is only effective when we allocate capital to a variety of different and uncorrelated asset classes. If we are diversifying but allocating capital to assets like altcoin or assets in the same sector that are closely related to each other. In that case, it can no longer be called diversification because in essence, it does not help us reduce risk.

The entire crypto market is completely dependent on bitcoin. If Bitcoin's price falls, no altcoins will be able to maintain its position. Therefore, diversifying your investment portfolio with altcoins only amplifies our risk.

[aoluain]

a traditional FIAT based pension plan by any provider will most certainly be diversified
among various investments and everyone concerned would like to think that those would
be managed throughout the life of the plan to get the maximum return possible but
because we entrust that management to the provider we dont know.

Thats why fir me Bitcoin is by far a better pension plan. I can buy the dips, DCA,
accumulate and HODL. I am very positive and confident in Bitcoins future.

There is the option open to everyone to try and maximise their Bitcoin by trading to
take profits when they see fit in order to multiply their wallet.

[Danica22]

I think this plan is okay but not the whole thing but some amount so that you have an emergency fund for yourself. If you can invest in Bitcoin in your old age with your pension money, it will be wise and you can earn good money from it. Moreover, investing in Bitcoin is risk-free while because its supply is limited, it is not likely to become inflated, but fiat currency is risky because banks, governments, printing money will cause losses for your investment money. From my side, if you can invest 50 percent of your pension money in Bitcoin, it will definitely be great because it will be possible to earn sufficient profits from it in the future. In my opinion, governments, pension funds, and even countries will hold Bitcoin in the future with Bitcoin. But on a personal level, smart people will hold BTC as a strong part as it will become a valuable asset in the future

I agree that if we invest in Bitcoin for the long term, we have the opportunity to reap significant profits in the future. However, it would be incorrect to claim that Bitcoin is risk free.

Every investment involves risk and the future is unpredictable. Therefore, do not make such definitive statement that sound biased. One more thing, the higher the profit, the higher the risk. Therefore, to put it bluntly, Bitcoin carries greater risk compared to asset like gold or real estate.
Diversification is solution, avoiding putting everything in one basket, whether it is bitcoin or gold, because as mentioned, anything can happen.

[casey15]

This is quite possible.. but I think you should also consider a lot of things... One is that after your retirement, can you still continue holding your coins . When you start spending and nothing is coming in, your funds depletes faster. It depends on how many Bitcoin you are able to accumulate before your retirement and how much of a price difference occured and the profit made. One can never be certain as nothing is guaranteed. What if at the start of your retirement, we begin a bearish era , when market keeps dipping. How sure are you that you won't forget your retirement plan and sell out of panic

[peter0425]

I agree with you on one thing which is; youth is the best window to build for the future and Bitcoin has undeniably changed lives for those who understood it early. Fiat is losing value, governments are reckless and Bitcoin offers an alternative that didn’t exist before.

The good thing is I notice that more and more kids and opening up their minds about crypto. Since it is linked with technology and kids are even more technologically advanced than some adults, they are the ones using crypto for various reasons and sooner or later they will start thinking of retirement funds or whatnot.

[tbct_mt2]

I agree that if we invest in Bitcoin for the long term, we have the opportunity to reap significant profits in the future. However, it would be incorrect to claim that Bitcoin is risk free.

There is no risk free in life and it's true with Bitcoin. We also all can not know about the future so we can not be sure that Bitcoin will be well in the future so that our investment in Bitcoin will surely be safe and profitable. There is high chance of getting profit with Bitcoin investment in long term but it's not risk free.

Every investment involves risk and the future is unpredictable. Therefore, do not make such definitive statement that sound biased. One more thing, the higher the profit, the higher the risk. Therefore, to put it bluntly, Bitcoin carries greater risk compared to asset like gold or real estate.

Knowing about it can help Bitcoin investors to manage their finance and risk better. They must have plan B for their finance when Bitcoin has big troubles and their investment portfolio with only Bitcoin or mainly in Bitcoin becomes not profitable with minor or considerable loss. Their plan B will be helpful for them to have an acceptable or comfortable without expected profit from Bitcoin but in fact they have loss from it. It's not risk free and plan B can help them surviving well enough when risk appears and even out of their control.

An emergency fund must appear in both plan A and plan B.

[Hamza2424]

but one thing is certain, bitcoin price must surely skyrocket and you can choose to find peace and be king anywhere you wish as long as you own bitcoin

Hate to burst your bubble or be a bringer of bad news
But nothing is really certain except maybe death.
There's no assurance that it would always rise just a possibility closer than it falling.

Though I support planning for the future but what's the future if today isnt taken care of.

He is being optimistic and there is nothing wrong here, bro, your stance is also valid I am not saying it is not, but take a step back and understand from which angle the OP is talking, he is just saying in the long run the price of btc is going to increase, and it is sure because op know the demand is increasing and supply will keep shortening.

Speaking of death, that is certain, so are other things. If we are doing everything to make them happen we can't stop death, we can't do anything about it, but at least as long as we are alive, we can make some profit.

[Issa56]

I agree that if we invest in Bitcoin for the long term, we have the opportunity to reap significant profits in the future. However, it would be incorrect to claim that Bitcoin is risk free.

Any investment which we are making, then we should know there is risk involved in it, if anyone tells you about an investment that is risk free, then you should know something is wrong, and if anyone tells you an investment that’s risk free, then I won’t even advise you to put your money in that kind of investment.

Bitcoin investment is also risky, we have seen people lose their bitcoin, we have seen people lose some of their money due to dump in the market, but if you are holding bitcoin for long period of time, then it’s becomes less risky, because I know bitcoin is going nowhere. Also make sure you invest any amount you can afford to lose, don’t invest everything you having in bitcoin, make sure you having other investments also, that should be a backup plan.

[Nahl]

Pension mean you won't able to works anymore because your age will be too old and during the pension the most important is people should have passive income to fulfill daily needs and unfortunately bitcoin cannot be used for that although i believe bitcoin development will be very wide in the future and following it the prices will be very high but to make bitcoin as your pension funds i am highly doubt it will be working well

Because in my opinion with the current condition of most countries who didn't support bitcoin as the currency i think it's hard for bitcoin to covered all of your daily needs for lifetime unless before pension you have the ability to bought a lot bitcoin probably this method will be successfull and i think so far bitcoin only work for investment asset but for pension funds i think you should find other alternative income to cover your daily needs

[Cgrexp]

Most young and healthy people can easily set a goal for more than 10 years. In the long term, Bitcoin is generally bullish, and the fact is that once you start building your Bitcoin holdings, your life will improve before you reach your savings goal. Those with a long-term mindset don't need to worry about the short-term effects and can be happy even if it takes time for the price to rise. After one or two cycles of accumulating Bitcoin, the bias becomes stronger because the savings are so large that they naturally expect it to grow. As long as the investment thesis is strong, you should save without complaining, otherwise you may end up in trouble later for not focusing on consistent savings.

[Fiasem20]

All what you’ve said about youthful age is absolutely correct.Now that we are youthful,vibrant,energetic and full of strength is the right time to invest and save for the future,though tomorrow is not promised but to be on the safer side it’s still advised to prepare a meaningful future.Bitcoin being the new financial monetary currency has been making wave right from it’s inception till date,but it wouldn’t be advised as well to put all your eggs in one basket rather split them in different baskets.So it’s likely uncertain that if the price of bitcoin drops drastically in the future you wouldn’t sell off at a loss and regret because you’ve built other investments.

[Patikno]

My concern is with the rise of local commodities rising,  the value of fiat dropping rapidly, most importantly war's everywhere one might endure a tenure of war and anything it may be because no one knows what will happen tomorrow but one thing is certain, bitcoin price must surely skyrocket and you can choose to find peace and be king anywhere you wish as long as you own bitcoin.

I completely agree with you. Just looking at Bitcoin price increase over the past few years makes us believe that Bitcoin is rising rapidly. So, it is natural for us to feel that Bitcoin is a suitable part of a retirement plan. Personally, I really want to invest in Bitcoin; sooner or later, I will do it again. I believe that anyone who invests in Bitcoin to hold it for a long time, or especially during retirement, will be very fortunate. The halving system and the increasingly limited (or scarce) supply of Bitcoin will make its price even higher, especially in the future. So, Bitcoin is a very good choice for retirement. However, one thing I don't want to do is keep it for myself. I have planned to save it as an inheritance, and I feel that is important to ensure that our hard work is not wasted.

[DiMarxist]

It's really important that we give priority to building our tomorrow because one day we all are going to retire from what ever work that we are into. The better we realize that the actions and decisions we take today will affect our tomorrow the better for us, this is the reason we we should be thinking about building sustainable wealth and that is guaranteed with Bitcoin. We can secure our future through Bitcoin by investing in it today you don't need to start big but by continuously investing small small will be a good pension plan for your retirement.

[Grace333]

Generally everyone knows youthful age is a space of time used to build wealth for future purposes because reality states that everything new must grow old, so as human
This is to say that age is a crucial thing for us all, because at our old age we can no longer do strenuous businesses and also multitask thinking  so gathering for old age is a must watch for all humans, having savings and reserves for tomorrow is what everyone is looking forward to
This brings my mind down to bitcoin and its growth because since I knew bitcoin it was worth noting, then I had no positive knowledge about bitcoin, now bitcoin has a staggering $95K market value and it is growing nonstop everyday it brings me to the point of realizing my mistakes of not acquiring as much bitcoin as I could, the time no one including myself didn't believe satoshi will become the lord of the highest coin in the coin technology, this is a tittle from me though
Talking about making bitcoin your pension plan from my experience with bitcoin I've seen it change into different prices within a few years,
My concern is with the rise of local commodities rising,  the value of fiat dropping rapidly, most importantly war's everywhere one might endure a tenure of war and anything it may be because no one knows what will happen tomorrow but one thing is certain, bitcoin price must surely skyrocket and you can choose to find peace and be king anywhere you wish as long as you own bitcoin.

For a start, Bitcoin was never worth nothing, it has priced tagged to it despite how low it was, secondly, for those of us that didn’t acquire it on time when we first heard about it, maybe due to doubt or pessimistic idea of Bitcoin as at its early stages. We have all learnt our lesson, but then, the good news is that, the opportunity is still in from of us to utilize, stop thinking about the past mistake and focus on accumulating more bitcoin now, the feature is still very pregnant for Bitcoin. Making Bitcoin your pension plan is a nice idea, because it has the potential to fight against inflation and you’re still going to profit from it in the long run as long as you’re disciplined with removing the quarter meant for your pension and putting it into your Bitcoin portfolio as it is automated in the banking system.

[MusaPk]

I completely agree with you. Just looking at Bitcoin price increase over the past few years makes us believe that Bitcoin is rising rapidly. So, it is natural for us to feel that Bitcoin is a suitable part of a retirement plan. Personally, I really want to invest in Bitcoin; sooner or later, I will do it again. I believe that anyone who invests in Bitcoin to hold it for a long time, or especially during retirement, will be very fortunate. The halving system and the increasingly limited (or scarce) supply of Bitcoin will make its price even higher, especially in the future. So, Bitcoin is a very good choice for retirement. However, one thing I don't want to do is keep it for myself. I have planned to save it as an inheritance, and I feel that is important to ensure that our hard work is not wasted.

Bitcoin price is continuously going up with time and it will be massively high after 10 years. Those who are retiring in next 10 years have golden opportunity to start investing in Bitcoin from today, so they can enjoy profit at the time of there requirement. In old age, we don't want to work and our expenditures are high. At that moment Bitcoin will be our saviour because it will be doing the hard work of bearing our financial expenditures. The supply of Bitcoin is not going high like fiat currency but its demand is going high, for this reason its almost certain that Bitcoin price will go up in coming years.

[macson]

-.-
Bitcoin being the new financial monetary currency has been making wave right from it’s inception till date,but it wouldn’t be advised as well to put all your eggs in one basket rather split them in different baskets.So it’s likely uncertain that if the price of bitcoin drops drastically in the future you wouldn’t sell off at a loss and regret because you’ve built other investments.

Despite the risk that Bitcoin's price might drop, if you're planning a long-term investment, such as using Bitcoin as part of your retirement plan, which could last more than one cycle, then price drops aren't something to worry about too much because volatility tends to smooth out over time.

So it's not necessary to consider diversifying across multiple assets, especially when you don't have much money to invest. This will only divert your investment focus and reduce your growth potential.

It's better to use DCA and then build your portfolio gradually, while remaining consistent and disciplined. This approach is far better than investing your money in more assets.

[Pablo-wood]

This is quite possible.. but I think you should also consider a lot of things... One is that after your retirement, can you still continue holding your coins . When you start spending and nothing is coming in, your funds depletes faster. It depends on how many Bitcoin you are able to accumulate before your retirement and how much of a price difference occured and the profit made. One can never be certain as nothing is guaranteed. What if at the start of your retirement, we begin a bearish era , when market keeps dipping. How sure are you that you won't forget your retirement plan and sell out of panic

I believe this is the very reason one needs successors either our children or someone we have groomed and can trust to handle the legacy we have built. Bitcoin has retirement plan might not necessarily mean we begin to spend from it as our daily means of survival. We can still hold and strategically sell to fund our old age while we receive pensions and gratuity from the investment or business we have been running in our youthful days. It will much fun having bitcoin in a large amount while we retire and watch our investment handle our daily needs. 

[icebar]

Most of the people in the world used to support gold, but gradually over time, people's support for Bitcoin has increased. Especially those of the current generation are more interested in technology-based work. They value Bitcoin more than gold. That is why over time, I think Bitcoin will be ahead from the gold in any financial plan in the future. There is no need to hold Bitcoin for a long time. If it can be held for at least a few cycles, then it is possible to profit a lot from Bitcoin. Now, many people are trying to use Bitcoin as their retirement plan, depending on the investment potential in Bitcoin.

[bubilas]

bitcoin price must surely skyrocket and you can choose to find peace and be king anywhere you wish as long as you own bitcoin.

You should accumulate Bitcoin at any age, because if you consistently buy it at DCA, you'll always be in the black. Another issue is that it's very difficult to earn money for investments when you're young, because everyone wants to earn a lot right away, but most people earn a good salary by their 30s or 40s. I believe we'll still be young in those years, as any 40-year-old will attest.
You often hear that life only begins at 40, and those who invest heavily in their youth will make a lot of mistakes.