Like I will always say, everyone have their own strategy of investing in Bitcoin, and we all also have our goals when it comes to Bitcoin investment. Some of us are not retiring even in the next 30 years, so it makes sense that one can still invest on Bitcoin consistently for a period of 10 years and they will be in a huge profit after that period (depending on the amount that was invested), they can use this profit from the investment to achieve some goal and after which, they still have another 20 years start accumulating for their retirement plan.
If a person learns about bitcoin early enough in his career, then he certainly has advantage over another folk who learned about bitcoin in the later stage of his career and this forms part of the determinant factors for the amount of bitcoin a person has at retirement. Other factors include the amount of income earned by each of them and the amount spent on basic responsibilities and frivolities. A person's financial discipline and cashflow management too. However, a person goes into bitcoin as a retirement plan and his attitude to bitcoin gets changed or he becomes more cautious about how he spends because he has a plan to be financially free in the future.
Secondly, there's this idea I have discussed before, some persons believe that because you are saving Bitcoin for investment sake, you don't have to sell until you are retired, but I have sold some Bitcoin during a bull season which gave me a good profit but I didn't spend the profit and the capital. During the bear season, I used the money to buy more Bitcoin than the amount that was sold. If you are applying such strategy, you don't have to sell all your holding but this strategy can help you to always increase yout holding too.
This opinion may not be to the best interest of someone who chooses discipline over smartness because it sets you up for distractions. As a person who has a plan and busy with his life, he may not spend all his life watching the charts and worrying about when to get into the market and when to jump out and when to reinvest. This can possibly be easier for someone who lives all his life on the charts and some Traders too but not for bitcoin investors.
The difference is that the person is not interested in gambling with his bitcoin, he is making savings for the future but he is not greedy to start tampering with his acquired bitcoin. It is easy to say "buy during the bear market, sell during the bull season and buy back during the next bear market", but how sure are you the price will drop beyond the amount you have sold? How sure are you that you can hold your fiat with thorough discipline until when your preferred Dip happens? Do you allow greed to ruin your finances? Trading is good for people who can handle it but it's not best for an average bitcoin investor. You can invest in bitcoin and after the 30 years left for retirement, you have achieved what no one would imagine of you and the chances of making a profit that can be unimaginable in 30 years is very high.
We're all entitled to our opinion but it's better to choose safety than greed because I have seen some folks who sold bitcoin with the hope of buying back but never got back to bitcoin because situations came and took the fiat in part or in full or because they decided to buy back and even start loosing the money until they're at loss.
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In as much as there's a big advantage especially in terms of ROI, the risks are still there. My best advice to people is diversify your retirement plans and investments. The parable don't put all your eggs in one basket is very important in investments even as good as bitcoin investment sounds a lot of things could go wrong. Worse is getting hacked and your funds stolen.
For everyone considering this make sure you weigh your psychology and expectations to see if it's something you can actually handle sometimes it doesn't play out as positive raw ROI outputs when you have are not ready.
The diversification on retirement plan shouldn't be in Bitcoin and other altcoins. Altcoins are too risky to invest in our retirement plan because retirement plan investments need low-risk investments like Bitcoin.
My best advice to people who want to diversify their retirement plan is to invest in Bitcoin and then invest in tangible assets like Real estate and agriculture. A tangible asset may not give you a huge ROI compared to Bitcoin in the long term, but it will give you peace of mind that the value of your investment is still there.
Diversifying your retirement plans into altcoins/shitcoins is a good way of loosing all your lifetime achievements in a split seconds. Most altcoins decrease in price until they're no more because they are scam projects and not advisable to be invested in. You can trade with it if you have the money but that must be in the early stages of the shitcoins but saving your money in shitcoins could amount to a room.
Just like you have said, the risk levels of every investment we do is what forms most of the decisions we take. We cannot do otherwise when we don't trust the process. Real estate is a good investment area and many are into it too. However, choosing bitcoin is also a good idea and if you have reached your over accumulation target, then you can start thinking of diversifying into other areas like the real estate.
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.
What you are trying to say doesn’t make sense in my opinion.
Do you mean to tell me that bitcoin is the only realable investment there is? Forget the hype bro, diversification is the best approach to follow. Sure, Bitcoin is a good choice of investment but there are also other good investments out there, so I'll prefer to diversify and play safe instead completely depending on bitcoin only.
Bitcoin is not the ONLY good investment at all. There are areas like the real estate and buying of shares, Agriculture and many other areas of interest. However, you are not also sure about anything in any area of investment because your bitcoin can be stolen, your real estate may be razed by fire outbreak and your shares may amount to nothing at the end. Having your bitcoin in your self custodian wallet is beautiful because you own your coins and with a good security procedures, you can be sure that nobody will steal your coins and you can also be sure that based on the bitcoin records, profit is almost assured in the long-term.
I have two charts out of many charts
here which I was keenly watching and I then thought, what's the point selling off your bitcoin when you are still agile and actively working? Is it not better to make bitcoin your retirement plan? If a person who has up to 20 years left before retirement, if he starts buying bitcoin through the remaining 20 years before retirement, he could pass through 5 different cycles before his retirement.
In as much as it's profitable to hold bitcoin for retirements doesn't mean user's selling their bitcoins is making wrong decisions.
You don't make the profit ONLY when you're investing for retirement either. Everyone do have their investment goals and so on their timeframe with the need's to sell differs.
Any bitcoin investor who hasn't considered retirement investment plan's as an advanced investment plan is also missing a lot because instead of saving those your incomes in fiats that values can be dismissed over the long term at a retirement stage of such duration of 20 year's, saving it in bitcoin will definitely give you an edge to preserve it value against inflation.
The question is, what if those people selling their bitcoin have already reached their retirement or their set timeline for investing in bitcoin? It's possible that this could be the reason why some people are actively selling, though most people might be traders who just get in to get out early with the idea that they are making profit but they are just wasting their time and opportunity when you view it from a long term perspective.
Bitcoin is indeed a good project for retirement fund because of its volatility and it's profitability over time. The most interesting part is anyone can invest with whatever amount they can afford to invest with.
Everyone is entitled to what he's doing with his bitcoin but then for the sake of this thread, selling bitcoin as a result of reaching your accumulation target is not the deal because you are still active and agile, what you should be thinking about is how to increase your bitcoin stash instead of selling them. When a person has reached his accumulation target before retirement, he may choose to minimise his Discretionary income put into bitcoin at his own investment intervals or he may extend the time in-between his DCA days. By so doing, he has more money to throw around and flex your life but it is not also necessary to avoid whatever will ruin your finances in part or its entirety.
Some Retirees doesn't know the importance and benefit of investing to put their money into good use so that when they are too old, those investments is what will generate income for them. And again the benefits of using your retirement money to invest in bitcoin is so that inflation will not reduce the value of your asset over time. Another advantage of investing your retirement money in bitcoin is so that as bitcoin price increases the value of your asset increases and you can withdraw your money whenever you like. You can invest for your children and hold it for 10 years,it is certain that no one wil work forever, even if you are a CEO of a company there's a time when you will have to pass down the mantle of leadership to someone else.
Ignorance is the enemy of all whether young or old. This is why getting into forums where bitcoin is discussed is very important to form your view about bitcoin. Some of our aged parents never leaned about bitcoin or the few that learned about bitcoin could not trust bitcoin. This does not affect the fact that bitcoin is what it is and it's either you get into the plan or get left out. We can only suggest but the decision is everyone's.
