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Author Topic: Bitcoin as a Retirement Account  (Read 22117 times)
Kawatan Ug Manok
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August 21, 2018, 01:42:31 AM
 #421

This is an obvious act of IDIOCY Grin Why would your employer do such an irrational thing? Huh Huh It is a joke when I first heard it. Because if you will retire, there are a lot of tendencies to happen. Like: what if bitcoin that time already died? It is not impossible because there are a lot of new coins on the market nowadays. Also if that happens, how could you support yourself if your salary will go to that wallet? Grin This is funny thing you know.
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August 21, 2018, 01:47:45 AM
 #422

I am amazed to see that many people are not showing enough confidence in bitcoin as retirement plan.
In fact if we add Bitcoin in our retirement account , i am sure everyone will see a great value for bitcoin which will be never devalued.
Bitcoin is not like a printing fiat again and again, it has limited supply so as the demands and utilization will grow, the price will also grow so the retirement account too.

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August 21, 2018, 01:55:40 AM
 #423

Should not, because their prices are constantly fluctuating, until you retired perhaps the BTC is just a pile of debris, no longer worth to sell so you will lose everything.
For the short term I admit that it will be risky due to fluctuations, but for the long term, I don't think so. the development of bitcoin shows a positive thing many people around the world are interested in using bitcoin and that is the key to the future growth of bitcoin prices that will make you profitable..

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August 21, 2018, 02:08:14 AM
 #424

the salary of a retired employee must have compiled it so well that we plant it in order to increase the amount of salary we have

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August 21, 2018, 02:09:33 AM
 #425

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.

I have a bitcoin wallet address which is exactly for this purpose. There isn't much in it but it i constantly keep adding to it whenever i earn some here and there. My aim is never to touch this until i retire. Hopefully this will be enough to live comfortably and take care of my family when that day comes.

I'm quite excited for what the value of bitcoin will be then.

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August 21, 2018, 02:32:00 AM
 #426

Yes, Bitcoin indeed is a great way for you to build to retire. Anyone with or without work outside can have this and retire early because of what can Bitcoin give as a source of income.
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August 21, 2018, 02:45:11 AM
 #427

It's a good idea, maybe some people are willing to accept it, but the future of Bitcoin is still full of uncertainty. When you retire, if your retirement account is full of Bitcoins, it's possible to become rich or worthless because of the disappearance of Bitcoins. Realization.
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August 21, 2018, 03:16:20 AM
 #428

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 is still risky. Why not just do it by yourself? You can't assure that your employer that he don't have the key to your address. It would also be easy for him to make a fake a hack incident if he wants to. The best safe thing is to receive it first and then transfer it right away to an address that you will never touch.

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August 21, 2018, 03:31:48 AM
 #429

It is a smart decision to use bictoin as your retirement property because the value of the bitcoin will increase faster than you send your retirement money to the bank for your old age.
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August 21, 2018, 04:06:35 AM
 #430

It is a smart decision to use bictoin as your retirement property because the value of the bitcoin will increase faster than you send your retirement money to the bank for your old age.

Retirement account is the most important in our life for us to be comportable when we get older. And for me it's much better if we invest it with assurance. Being a part of bitcoin is make our life better but nowadays it is not already proven that it's better to be a retirement account.
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August 21, 2018, 04:42:29 AM
 #431

It is a smart decision to use bictoin as your retirement property because the value of the bitcoin will increase faster than you send your retirement money to the bank for your old age.

Retirement account is the most important in our life for us to be comportable when we get older. And for me it's much better if we invest it with assurance. Being a part of bitcoin is make our life better but nowadays it is not already proven that it's better to be a retirement account.

Retirement account is important as kids are, and grandkids. We spoke about saving in bitcoins for yourself, for them, and who ever started to collect and store bitcoins on a side for future use is in big plus now, this topics are from 4 years ago.
Bitcoin can provide financial stability in the future, in many topics we discussed about how much you need to have for future, it's only 1 bitcoin. 1 bitcoin can reach 1 million dollars one day, everything more than that is extra and makes financial future safer, but with 1 bitcoin you can have retirement one day, or you can give it to a kid that will be able to do a lot with that 1 btc one day.
Bitcoin is great investment for the future. In just couple years bitcoin price raised a lot, in next couple years to 10 years price can grow even more, that's why investing in bitcoin and saving them for future is great decision for anyone who dare to so it.


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August 21, 2018, 06:14:01 AM
 #432

I would say bitcoin is perfect for investing. we know bitcoin grew in 2009 the price was only 0.01 $, see now bitcoin is priced at $ 6k. maybe in 2022 bitcoin can reach 100k usd Smiley

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August 21, 2018, 06:53:43 AM
 #433

What I'm wondering here is how to ensure that Bitcoin prices are always high.
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August 21, 2018, 07:03:50 AM
 #434

My advice: Do not depend on it. Specially for the older people, don't invest your retirement on btc.
well agree also for my own opinion ,,becuase like this moment almost cryptocurecy price are also decreased so that,if incase to need due to emmergency situation how could to say the that token to earned will be a good value dispite you know will be lower in the market due to some reason..
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August 21, 2018, 07:15:44 AM
 #435

At a comfortable old age, you need to buy a bitcoin right now. This is really an occasion to reflect on your future.Now I'm thinking about what to give to my niece on my birthday) And I was visited by the idea of buying bitcoin). She still does not understand what it is but when she grows up she will greatly thank me



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August 21, 2018, 07:58:57 AM
 #436

Invest some of your fiat in bitcoin, it still worth and you may get a lot of profit from it, the ones who are related to Bitcoins and have fame in the same field, should start such a program which would give everyone an opportunity to store their coins with them will you be able to live with peace and a clear conscience with your retirement full of crypto currency which won't be worth shit.
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August 21, 2018, 08:49:38 AM
 #437

That is good actually. But what would happen if yhe employee decided to resign his position? Or move to another company? What would happen to the account? What would happen to an untimely demise what would happen to the account? I think it's much better if the employee handles the account themselves.

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August 21, 2018, 08:58:18 AM
 #438

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.
Things have definitely changed a lot since 2014 when this post was written.
It could be a nice idea, but only after the price of btc stabilizes so that there are no complaints like "oops, I just lost around 30% of my retirement savings because of yet another market crash".

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August 21, 2018, 08:59:18 AM
 #439

I think many will like it if bitcoin is not volatile but because of its volatility many will not agree with it. Its hard to find out eventually that you don’t have money at all for your retirement or your expectation in your computation of your retirement was less than what is expected. Just my opinion anyway.

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August 23, 2018, 07:42:44 AM
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This is an obvious act of IDIOCY Grin Why would your employer do such an irrational thing? Huh Huh It is a joke when I first heard it. Because if you will retire, there are a lot of tendencies to happen. Like: what if bitcoin that time already died? It is not impossible because there are a lot of new coins on the market nowadays. Also if that happens, how could you support yourself if your salary will go to that wallet? Grin This is funny thing you know.

Although you sound a bit rude, you write here the right things. This is a great risk both for the organization or the employer who is going on to pay the pension for the person and for the retired guy as well.

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