Why you should make Bitcoin your Retirement Plan

[Agathamay]

Real investors already know and see bitcoin as a safe haven and that is why they are always buying it continuously and I also queue into your ideology that investing in bitcoin is a good and better option for retirement and one major reason why people are not holding bitcoin is because of its volatility 

Bitcoin is getting less volatile, having reducing volatility. These can increase Nigerians confidence in investing in it. It is far better than saving naira in bank. And for those that prefer fiat collateralized stable coins like USDT and USDC, know that knowledgeable people that are living in United States still want assets that can be used to hedge against inflation.

I agree with you that, Nigerians are not really into holding simply because of its volatile nature and with this offer, alot of them would want to give it a shot.

[Pearl_20]

Making bitcoin a retirement plan is profitable and i think it is the most secured way of making a retirement plan since it will be in your custody where you will have access to it at any time you want. 20 years is a very long time, by then the investment must have yielded heavy growth added with the quantity you have been able to hold. Inflation has worsen the fiat currency to an extent that it doesn't have any future value. Instead of saving money in the bank as retirement plan, bitcoin will be the most preferable way of investing that money. 20 years is about 5 cycles of bitcoin, and of course the growth of your investment within that interval will surely be huge.

[GiftedMAN]

Generally, a good practice would be to make retirement  plans for atleast for different kinds of assets/stocks, that way you don't end up losing everything if one asset or stock goes bad. For bitcoin investment, I practice a modified form of naira cost average; I buy aggressively when there's a bear market, then buy less aggressively when there is a bull run. So at the time when I am buying less aggressively, I channel the remainder of my investment funds to other asset.

Your buying plans is not bad one thing that you must do is to remain consistent if you plan to use Bitcoin as your retirement plan, having different assets or stocks is good so you don't put your eyes in one basket but it is also good to note that one good basket you keep everything is better than having different eggs in wrong basket. You can decide to do two different strategies in Bitcoin investment, you can have a short term plan and long term. The goal for the Short term will be to buy during the dip and to sell fast during the bull while you make use of the long term plan for your retirement plans.

[Davidloki]

Bitcoin is the best form of investing for retirement. I don't see any other retirement plan better than Bitcoin in the world we live in. Anyone who has not invested in Bitcoin for retirement is not setting a standard for when they get old. Many will be glad that they invested in Bitcoin 50 years from now, and many will rejoice because they are living comfortably with their retirement plan. 

Other assets for investment for retirement are real estate, building a plaza, and owning an engineering company that deals in heavy machines. Gold and silver are also very good investments for retirement.

Generally, a good practice would be to make retirement  plans for atleast for different kinds of assets/stocks, that way you don't end up losing everything if one asset or stock goes bad. For bitcoin investment, I practice a modified form of naira cost average; I buy aggressively when there's a bear market, then buy less aggressively when there is a bull run. So at the time when I am buying less aggressively, I channel the remainder of my investment funds to other asset.

The stock market is dangerous for someone on a retirement plan. Instead of investing in the stock market, let them invest in government bonds and mutual funds. Mutual funds are safer because the investment returns profit monthly while the capital remains intact, till the owner demands it. Mutual funds' annual return can range from 10% to 20% and even more. Divide it by 12 months. The amount you get is what you will be paid monthly.

[Franctoshi]

You have a very good point, instead of buying and selling bitcoin like a trader, having the retirement plan in bitcoin is better. People have retirement plan so that they have the money they can rely on at old age. Something that can hedge against inflation and also that can preserve their money. But in addition, bitcoin can increase the value of their their money.

Bitcoin is getting less volatile, having reducing volatility. These can increase Nigerians confidence in investing in it. It is far better than saving naira in bank. And for those that prefer fiat collateralized stable coins like USDT and USDC, know that knowledgeable people that are living in United States still want assets that can be used to hedge against inflation.

One of the best gifts ever for your retirement age that one will gift himself because It's easy access to, safe and secure for your retirement purposes during when you won't have much of strength and energy to go about working for a living. You do not to start looking for buyers of your Bitcoin during when you will needing to use the funds to sustain your living, buyers are always readily available. You might have billions in savings, and people wouldn't even know you have accumulated such wealth.

[Cityhunter34]

It is very important for us to always start planning for our retirement at an early stage, and know that we wouldn't be working for forever. Just like they always say that "Soldier come, Soldier go, barrack remains" that's how it goes, because no matter what position you are, you must definitely retire for another person to take over. That's why we need to plan ahead of time and diversify our investments without having double thoughts about it, because I think it's much safer to have different investments, so that In case anything happens along the line, you wouldn't lose everything at once, since nobody knows what will happen in the future.

[Obulis]

Bitcoin is the best form of investing for retirement. I don't see any other retirement plan better than Bitcoin in the world we live in. Anyone who has not invested in Bitcoin for retirement is not setting a standard for when they get old. Many will be glad that they invested in Bitcoin 50 years from now, and many will rejoice because they are living comfortably with their retirement plan. 

Other assets for investment for retirement are real estate, building a plaza, and owning an engineering company that deals in heavy machines. Gold and silver are also very good investments for retirement.

Generally, a good practice would be to make retirement  plans for atleast for different kinds of assets/stocks, that way you don't end up losing everything if one asset or stock goes bad. For bitcoin investment, I practice a modified form of naira cost average; I buy aggressively when there's a bear market, then buy less aggressively when there is a bull run. So at the time when I am buying less aggressively, I channel the remainder of my investment funds to other asset.

The stock market is dangerous for someone on a retirement plan. Instead of investing in the stock market, let them invest in government bonds and mutual funds. Mutual funds are safer because the investment returns profit monthly while the capital remains intact, till the owner demands it. Mutual funds' annual return can range from 10% to 20% and even more. Divide it by 12 months. The amount you get is what you will be paid monthly.

The outstanding capacity of Bitcoin is that even when other forms of asset investment are on, investment in Bitcoin is still very unique much more when it's the matter of decision on which asset to invest on, then Bitcoin investment should be the best option. If parents. When talking of retirement plan, then Bitcoin investment is better option with it's little or no stress and best approach using DCA strategy, so that there totally no stress except buying Bitcoin at due time.