Bitcoin as a Retirement Account

[webdevmastery]

Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age.  You have the key to the address.  You can verify the transfer on the blockchain.

No middle-men.  No funny business.  No brokers with pyramid/eyeball shaped logos.  No "oops we went bankrupt and lost your retirement."  No bail-ins.  No raising the age of retirement.

Just Bitcoin.

Those people who are staying at home can always work since investing a small amount will be your stepping stones to earn more profit in the future because you can always trade in the market anytime you want.

[checkmatesir]

If bitcoin prices continue to rise of course we can retire, but if the price is like this now make bitcoin as the main hope is a risky thing, continued business or work is something we have to do so if bitcoin fail then we can still survive.

Yes that’s true, it’s good to invest that money when the price is going up so that you will make profit. But if your going to take such risk, then it’s best that you focus on the chart and know the price at all times. You always have to be at alert, you wouldn’t like to end up with losing such money in Bitcoin. Always check the price and whenever it goes down, you withdraw it to cut your loss.

[ayambawang]

I think it's too much too risky though btc can be used as a long-term investment but I do not think it's right to use it as a retirement fund derived from our income, because then we can not control and sell it so if at any time the price falls we can not do whatever it takes to save our retirement funds, and that sounds a bit crazy
 

[twitchtver]

Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age.  You have the key to the address.  You can verify the transfer on the blockchain.

No middle-men.  No funny business.  No brokers with pyramid/eyeball shaped logos.  No "oops we went bankrupt and lost your retirement."  No bail-ins.  No raising the age of retirement.

Just Bitcoin.

This is why bitcoin is the future tbh. No shady business and no excuses! They never "lost" your retirement fund anyways, they stole it  our future needs to be decentralised

[aishyoo17]

I am saving my bitcoin for my future business plan and this will be finance my retirement funds. I don't think its wise to just hold your bitcoin and trust your entire funds in one place. Diversify it as much as you can specially when your still young. Bitcoin is fast growing we can use our profit in building business that can make our money grow more and this is what I am going to do in a year or two.

[SaiWAFU]

Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age.  You have the key to the address.  You can verify the transfer on the blockchain.

No middle-men.  No funny business.  No brokers with pyramid/eyeball shaped logos.  No "oops we went bankrupt and lost your retirement."  No bail-ins.  No raising the age of retirement.

Just Bitcoin.

If your boss is running a blockchain company, why not? But the question is what would the token/coin's worth in the future when it's time? By this time let's say that you already have a thousand dollars worth of token, but what would be the price of it after several years?

So why not deposit fiat money instead?

[mezzaluna]

That is hard to imagine because, its value might go crazy in the near future where you may be retiring. If its stabilize then that is good but if it goes crazy, then the owner of the Retirement Account will suffer. Bitcoin might be a good Investment but as a Retirement Account, maybe there are better options. But it is not that bad to give it a try. You just have to make sure that the wallet where you are securing your Bitcoin is 100% safe.

[Papaczed]

I am considering similar plan... Set up college fund for my child with BTC. Hope btc to da moon and it works!

        I think getting bitcoin as an retirement account Is a good thing if you have enough savings here and you are already satisfied with what you've done or what you've worked for the entire  if you have enough savings here and you are already satisfied with what you've done or what you've worked for the entire time.  I'm also planning this in the near future to support my own studies and independent soon I think this will be a good thing for me also

[valentine401]

Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age.  You have the key to the address.  You can verify the transfer on the blockchain.

No middle-men.  No funny business.  No brokers with pyramid/eyeball shaped logos.  No "oops we went bankrupt and lost your retirement."  No bail-ins.  No raising the age of retirement.

Just Bitcoin.

People can always start trading in the market and those who are retiring on their job should not be worrying because they will have an alternative way of earning a huge amount of money.

[alexsandria]

Yeah, this would not be wise. This locks you into one specific type of investment with no way to make modifications to your portfolio or take out a loan on your retirement account should you need to.

Yeah, totally not a good idea because it lock the sense of security you need from your savings when you retire. Because as you know, bitcoin sometimes drop, so that would put the risk on the savings you put so much into. So i think you should find other means for your retirement funds

[Jembut Ireng]

If prices continue to rise then bitcoin can we make as a retirement account, but unfortunately it is just like bitcoin investing makes the heart feel stop because the price is like a roller coaster.

[Cult]

I would still recommend diversifying your risk, but it sounds like a good idea. If you have plenty of time ahead, you can just buy and hold not worrying about all that volatility if you really believe in bitcoin.

[waichi]

This is a cool idea. If I were to choose from fiat money or Bitcoin as retirement pay, I will choose Bitcoin of course. We know fiat money decreases its purchasing power over time because of inflation. We never know what Bitcoin's price when you retire, but it is more worth the risk.

[jak3]

This was a good idea but it's not new. The only big problem with this kind of plan is what is the owner dies before the retirement account reaches it's maturity. Who will get those coins and if that guy gives his proof of ownership to someone else then there is a chance that the people will corruption just like the normal will. We already have this kind of system at our physical world which are much more well thought but are not free of people's mind. If someone wants to infect someone's money when they are going to do anything to reach that money. And if you like that money so that you do not have any access to that money then there is a chance that you will never get that money back.

[Grayy]

I disagree. Transactions may be banned or permanently disappeared. We will not be able to get back what has been lost. This is very risky. Let's say Bitcoin prices go down and retirees will get less money than

For me it not good for bitcoin as a retirement account. In fact you can see that the current market is very volatile and the value is changing as if every now and then. Do not take the risk because we need our retirement money the most.

You can retire earlier by accumulating a lot of bitcoin and holding till prices rise very high.You may not even have to wait for retirement because bitcoin price can soar beyond imagination.

[jonland22]

This could be a unique idea but at the same time high risk for such account, let's say at the middle period of your retirement bitcoin reaches all time highs and doing a long term bull run it could be devastating for someone if at the end of retirement once it is finish it dip so hard, there are some cases of suicide made in the past because of huge losses from trading and with this it could make such incidents go up.

[SearchingforS]

I see in that not only a good retirement account, but a good source of profit for everyday living which may replace even a regular job.

[Xising]

Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age.  You have the key to the address.  You can verify the transfer on the blockchain.

No middle-men.  No funny business.  No brokers with pyramid/eyeball shaped logos.  No "oops we went bankrupt and lost your retirement."  No bail-ins.  No raising the age of retirement.

Just Bitcoin.

That can be considered mate, but since you're talking about retirement here, I just think that it's just too risky to consider it as a retirement fund knowing that anything can happen to it for better or worse. I say that because it's just too uncomfortable to rely on something that can change value at any point, more so lose it's value altogether, especially considering that one would use it as funds to sustain themselves after working. I would rather have some in cryptocurrency but more as money stashed in a bank.

[cdoyle14]

I think it is good idea, you can create it for your self or for you parents, they will be happy and you too, no matter about money when you are old

[Coleth]

Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age.  You have the key to the address.  You can verify the transfer on the blockchain.

No middle-men.  No funny business.  No brokers with pyramid/eyeball shaped logos.  No "oops we went bankrupt and lost your retirement."  No bail-ins.  No raising the age of retirement.

Just Bitcoin.

Well, hmmm... somewhat agree.... but the disadvantage later on is that when the time to exchange your earnings, how will it be when the value drops down? So we should wait again and patiently waiting for balue to go up.