What do you think about making bitcoin your pension plan?

[Omj1014]

Investment in anything or any business as a pension plan is something every youth really need to do, to avoid a difficult old age.
But we must have it in mind that there is no certain investing.

In these context investing in Bitcoin is a very good idea but because of it's volatility there is no certain outcome to this, in the long run, I'll rather take the profit it gives in 3 to 4 years interval and store save it in Fiat.

[uneng]

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.

Gold is quite stable, while Bitcoin has to potential to increase a lot in price along the years. Investors who prefer Bitcoin are doing this because they are focused on making profit, instead of just storing value along the time. I guess the profile of investors who go for gold are different from investors who go for BTC. They have different goals and different approaches towards finances. The group investing in gold seek for stability, while the group investing in Bitcoin is willing to take higher risks and volatility.

Due to the volatility trait of Bitcoin, it's not advisable to invest a whole pension fund on it. Rather, the funds should be diversified in different categories of investment, where crypto shouldn't correspond to more than 5% or 10% of the total amount.

[JimaGod]

The plan is to get locked in our targets and become independent in the space. Am I the only one that's optimistic about the future and how we going to spend our remaining days on mother earth. There's always a reason why we choose Bitcoin to become our pension plan when we're no longer working effectively. This is the time to lay our head down and work tirelessly because the life we choose, it can't be achieved with us been lazy about.

Bitcoin investment and hold is not for everyone. We ought to apply a good pattern if we want to earn massively from the market. One thing we should also know, it require patience to be able to become really profitable in the market. Trust the process because it certainly going to be give up hope and well stabilized source.

[coolcoinz]

I treat it as something like that because I know I won't have a government pension.

In my country the pension system is heavily in debt and they're trying to make it up to themselves by stealing from people. The way it works, you pay a % of your monthly paycheck to them for decades and they are supposed to multiply that money so they're able to not only keep paying it back but give you more. That's how the system was designed that you'd give them say $100k in 10 years and they'd have another 30 years to invest it while you're adding to the pile, eventually making it so that your fund is worth more than you gave them. In reality, they are so inefficient that if you pay them $100k, after 30 years they won't even be able to pay you back that money. So to protect themselves they'll set your pension at something stupid like $500 a month so they can keep pretending like they're still solvent.

Therefore, I own bitcoin and the plan is to hold it for at last another 10 years before I slowly start spending it on a monthly basis.  When I'm in my 50s and bitcoin is still here, it's going to be worth so much that I I probably won't be able to spend it before my time comes.

[leonair]

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.

Bitcoin is a digital coin that everyone trusts, especially those who know about the crypto world. But that doesn't mean you should leave your finances to just one thing. It's certainly good to plan for a pension, but it shouldn't be based solely on Bitcoin. People plan for a pension so that they can manage their life well even in their retirement. How reasonable is it to be stuck in the volatility of Bitcoin? Of course, someone can plan their pension in Bitcoin, but it shouldn't be more than 30%.

[Asuspawer09]

I agree with the idea of create Bitcoin as your pension plan since it is just going to be a some kind of long term investment on Bitcoin and in history you could see that throughout the years the Bitcoin market price is keep on rising as we see through its limited supply we could probably expect it's market price to continue to rise because of its increasing demand around the globe.

Still crypto or Bitcoin is a risky investment that you are going to go in, even though we see the history of how the market price move, it wasn't going to be a guaranteed thing to just make through, this investment should just be a calculated investment, because it is a high risk investment, so you should always have the safety net, still doing the normal pension thing, building your financial foundation, savings, emergency funds, health fund, travel fund etc. and then your excess money you could invest on Bitcoin pension fund as a extra fund since you might want to try a high risk high reward investment that is going to give you high reward in the future, Bitcoin price after 50 years might not be what we are expecting so having the safety net or still having the normal pension thing is what I would always recommend, invest on both.

[SirLancelot]

Definitely a smart plan, thinking this type of long term with bitcoin is the way to get richer. Gold, or stocks will not go up as much as bitcoin will in the next ten to twenty years, maybe more depending on the age of the person who starts.

Think of a kid who is just starting his life and saving, putting 10% of their salary into bitcoin every year for 40 years would equal to them retiring richer than anyone they know. In fact, more likely scenario would be for them to get so rich that they retire even earlier.

[Stalker22]

~

In 2026, Bitcoin will be a significant global asset owned by many countries and large hedge funds.  The real risk is not that it goes up and down in value today, but that you do not own enough of the only asset that does not have the ability to be devalued by the government to help pay off their debts. 

When you say that Bitcoin is a "high-risk" and "only for excess money," it makes it sound like you are still thinking of Bitcoin in terms of being a lottery ticket.  I dont think so.

[Vaculin]

Bitcoin as a pension plan might be quite risky for me, though its a smart move for everyone. I see it risky because of its uncertain value, and we don't even know how long will it last or will it stay for good like fiat.

But if we can make a good diversification, like investing in bitcoin, gold and real estate can be a good pension plan. That way, even if you lose from bitcoin, the future value of gold and real estate will never disappoint you, so do not just put all your eggs in a single basket, learn to diversify instead.

[Botnake]

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.

I get your point. There's no certainty in this world, everything falls uncertain and unpredictable. But if you live your life without future plans and preparation, the more you will live your life like there's no more reason to live then. Its still best to create future plans, maybe not in bitcoin, but there's a lot of choices you can have, just stick to where you are more comfortable of investing or keeping for the future.

However, bitcoin for me is a wise investment today and in the future. But since I am still capable of investing into other assets, then I will do that and just enjoy my retirement in the future when all my investments have paid off.

[Byebyebtc]

Nice Post, but your talking about certainty like you can see the future lol
Nothing is certain mate, Bitcoin can crash at any moment and there is nothing no one can do about it.

But the only thing we can do it to invest our time, money, effort in varieties of things, calculate the one with the highest probability of success and go for it, that is how we will secure the future.

If investing in Bitcoin has the higher probability of success for you, then you go for it, but don't depend only on Bitcoin though.

[AbuBhakar]

Investment in anything or any business as a pension plan is something every youth really need to do, to avoid a difficult old age.
But we must have it in mind that there is no certain investing.

In these context investing in Bitcoin is a very good idea but because of it's volatility there is no certain outcome to this, in the long run, I'll rather take the profit it gives in 3 to 4 years interval and store save it in Fiat.

For me, it's a better idea to save their pension in Bitcoin, as long as they secure it well and don't forget where to hide it. In the long run, you can benefit because you don't have to save a large amount right away; you can save it little by little. We can't say what the future holds, but I like the idea better than relying on government pensions, which are often insufficient. After a few years of hard work in life, the government will only give you a very small amount in return for your service for a few years.
With your own savings in Bitcoin, you can reasonably expect its value to grow, which could result in a significant pension by retirement.

[Reatim]

Investment in anything or any business as a pension plan is something every youth really need to do, to avoid a difficult old age.
But we must have it in mind that there is no certain investing.

risky investment is better than nothing at all. your money will not move nor grow instead it will slowly decrease as we get older hence why it’s crucial that we save up during our early adult days where we are still very active.

[wozzek23]

Human brain or at least psychology doesn't really comprehend that many  years. Depends on how old you are of course, if you are 50 years old, then maybe waiting another 10 years would not be that hard, which is still difficult but could happen.

However, what we are seeing in most cases is that people who are looking into crypto are in their 20's or their 30's, a few could be in their 40's as well. It means we are talking about 30-40 even 50 years of waiting and most will fail because humans have hard time waiting that long for investment to mature. They want to see quicker results and waiting for it to grow becomes a burden on their soul. And even if it does go up, then they end up fearing it may lose value and want to sell and get out in profit.

[Hazink]

risky investment is better than nothing at all. your money will not move nor grow instead it will slowly decrease as we get older hence why it’s crucial that we save up during our early adult days where we are still very active.

Risky investment is better than nothing, which I agree with you, but you also have to know that not all investment is worth our investment is worth our time and money. You might actually be trying to invest in something to help you secure a future while what you are investing in has have the plan to swallow your investment without vomiting any of it either profit nor the capital itself, while looking for what can give us good ROI we should also consider the risk involve.

[X-ray]

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.

Despite that bitcoin's price has been consistently growing over long term. Even though nothing is certain but from historical data, it's right to say that bitcoin is a hedge against inflation and using it for pension fund is not wrong either.

You see that image above and compare it to gold which is on everybody's pension plan and you can easily make conclusion that maybe bitcoin isn't that bad for this purpose. To say that making bitcoin as a pension plan, is actually solid idea from the data driven decision.

Although volatility is there, doesn't mean it's rendered useless because of that, volatility exists because there is real demand and real supply in the market.

There is no guarantee to rise but seeing how most assets tend to rise due to the economý inflation, the chance to rise on long term hold is higher.

[Minor Miner]

Despite that bitcoin's price has been consistently growing over long term. Even though nothing is certain but from historical data, it's right to say that bitcoin is a hedge against inflation and using it for pension fund is not wrong either.

You see that image above and compare it to gold which is on everybody's pension plan and you can easily make conclusion that maybe bitcoin isn't that bad for this purpose. To say that making bitcoin as a pension plan, is actually solid idea from the data driven decision.

Although volatility is there, doesn't mean it's rendered useless because of that, volatility exists because there is real demand and real supply in the market.

There is no guarantee to rise but seeing how most assets tend to rise due to the economý inflation, the chance to rise on long term hold is higher.

Even ancient assets like gold carry inherent risks, and many people remain skeptical about it. Therefore, although Bitcoin's 17year history is quite impressive, but I think it should not be seen as a guarantee for the future.

Overall, we can use bitcoin for pension plan, but remember that the future is unpredictable and anything can happen. The newer something is, the higher the risk, so never be complacent or certain about things that are beyond our control.

In my opinion, diversification is far better than relying solely on Bitcoin for your pension plan.

[lizarder]

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.

It would be a strategic step to prepare for retirement by using or utilizing Bitcoin because at least we have a clear plan. In this world, there is no certainty other than death, so it's natural for something we've prepared to go wrong, but at least we have a plan. If you're unsure whether war will break out in the future and Bitcoin might face problems due to its effects, there's no harm in dividing the retirement preparation process into three steps. The steps I'm referring to are dividing the percentages into three Bitcoin investment, gold and savings. The exact percentages can be adjusted by each individual based on capital and patterns that have been well prepared.

This can be a good step because if one asset doesn't perform as expected, there's hope in the other two sources that can be utilized in retirement. This is just my personal perspective and maybe you yourself do not have to follow this advice because this is just an analysis that I might consider and you before deciding which scheme to use it might have a better judgment and most importantly you master the decision so that the implementation will be much easier to apply.

[asrinur]

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.

Youth is for stacking, old age is for chilling. Bitcoin = ultimate “pension plan” if you actually grabbed it early. Missed some? Yeah, painful, but still can stack now. With fiat dropping and chaos everywhere, BTC’s the safe move for freedom and peace later.