Bitcoin as a Retirement Account

[hunnaryb]

If I am holding a good amount of bitcoins in my wallet then this would a better option to have it as an retirement account as i guess the value of bitcoin will raise in the future and holding good bitcoins will make your retirement life safe and secure so i think its an great option.
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Thats true its better to have bitcoin as an retirement account because at present cannot afford to trust any product which could be safe for the future..but when it comes to bitcoins still believe that it can be a good option to invest in it and have it as a future income.

[stromma44]

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

[BIT-Sharon]

The value of Bitcoin is hard to evaluate within 5 or 10 years and is not always the way as you think. why don't we got the salary and use it to buy and sell Bitcoin for investment. I think the employee is crazy if he accepts the method.

[nerFohanzo]

The value of Bitcoin is hard to evaluate within 5 or 10 years and is not always the way as you think. why don't we got the salary and use it to buy and sell Bitcoin for investment. I think the employee is crazy if he accepts the method.

I believe that is right we cannot judge the value of bitcoin in coming future but it has a good future so investing in bitcoin would be a wise decision I believe. And if the prices climb up then it can prove as a best retirement account and obviously earning high returns.

[Yeezus]

I'm using my bitcoins as a savings account but I don't really plan on it being a retirement fund. I guess it all depends on how well bitcoin does but I plan to hold for a couple of years at least with the hope to spend them in the future.

Inflation of fiat money is exactly the reason you should use bitcoin as retirement savings, since it is anti-inflation, or even better, deflation. Its purchasing power would increase long term wise. A 100% increase in 4 years time frame seems to be guaranteed due to reward halving every 4 years

I would be disappointed if Bitcoin just managed to hold its purchasing power or increases marginally in the long term. I would put aside a small amount of money, be willing to take a hit if it disappears, but also expect a substantial return if it takes off. With large scale adoption, Bitcoin's price can take off and we as reasonably early adopters, may be rewarded.

It will obviously go up, it's simply math and literally unavoidable. It's a matter of when, and having the balls to sell at peaks to buy back later. Insanely risk tho, you never know when a peak is going down or it will continue.

Can you explain the math behind this? It's not literally unavoidable at all. Maybe likely to rise in the future due to supply and demand but demand is not guaranteed and neither is bitcoins value.

[BTCevo]

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

[umaOuma]

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

[GreenStox]

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Well indeed, I`ll buy 2-3 Bitcoins in a couple of days, the price seems fairly stable, and it stabilized around the 200€ mark, i dont think it will go lower.

[Gyfts]

I like the concept, but the only thing is, Bitcoin could possibly be the worst long term investment, or the best possibly long term investment. It's almost like a 50/50 type of deal. Using fiat is a much safer form of payment because if Bitcoin were to bust, your retirement fund is wiped. The only benefit is the simplicity of it though. Retirements are always tricky, holding Bitcoin that collects progressively would be so much easier than traditional methods.

[The Sceptical Chymist]

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Holy mother of Christ, your post made absolutely no sense.  Read it, and read it again there, Mr. umaOuma.  I don't mean any offense, but I see this bottom-feeding, t-shirt dribbling nonsense all over bitcointalk and it makes me wonder what the major demographic is here.  16-28 year old tard-blaster from a country where the roads aren't paved and executions are carried out in the town square, I believe.  Am I warm?

[Possum577]

Too risky. The company establishing the accts could just take your coins. Plus, what if you lost your job and ended up penniless except for the BTC, you'd be the richest homeless person in the world. Wouldn't that suck? Keep ritee t funds in BTC if you want, and have the discipline to not touch it till retirement!

[PenguinFire]

Too risky. The company establishing the accts could just take your coins. Plus, what if you lost your job and ended up penniless except for the BTC, you'd be the richest homeless person in the world. Wouldn't that suck? Keep ritee t funds in BTC if you want, and have the discipline to not touch it till retirement!

This.  It is just way too risk to base your whole long-term future on.  Yes?

[BTCevo]

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Well indeed, I`ll buy 2-3 Bitcoins in a couple of days, the price seems fairly stable, and it stabilized around the 200€ mark, i dont think it will go lower.

I guess it will be stable for just in a few days more and hope after this it will going high not dropping. And buying 2-3  bitcoin directly is not a best option because you didnt even know what is gonna be later and better wait for a little bit low then you buy or earning first

[Amph]

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Holy mother of Christ, your post made absolutely no sense.  Read it, and read it again there, Mr. umaOuma.  I don't mean any offense, but I see this bottom-feeding, t-shirt dribbling nonsense all over bitcointalk and it makes me wonder what the major demographic is here.  16-28 year old tard-blaster from a country where the roads aren't paved and executions are carried out in the town square, I believe.  Am I warm?

it's because of the signature campaign, there are many no sense post lately all over the place, everyone is carrying one now, i think it's getting out of control, that post is pure spam worse than being off-topic

[GreenStox]

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Well indeed, I`ll buy 2-3 Bitcoins in a couple of days, the price seems fairly stable, and it stabilized around the 200€ mark, i dont think it will go lower.

I guess it will be stable for just in a few days more and hope after this it will going high not dropping. And buying 2-3  bitcoin directly is not a best option because you didnt even know what is gonna be later and better wait for a little bit low then you buy or earning first

Thanks for your worry but i`m a bit hesitant, i already own a few bitcoins, and i`m not sure if it would want to put more egg in this basket.

I`m also looking for DASH and Shadowcash, they look promising

[Chef Ramsay]

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Holy mother of Christ, your post made absolutely no sense.  Read it, and read it again there, Mr. umaOuma.  I don't mean any offense, but I see this bottom-feeding, t-shirt dribbling nonsense all over bitcointalk and it makes me wonder what the major demographic is here.  16-28 year old tard-blaster from a country where the roads aren't paved and executions are carried out in the town square, I believe.  Am I warm?

it's because of the signature campaign, there are many no sense post lately all over the place, everyone is carrying one now, i think it's getting out of control, that post is pure spam worse than being off-topic

The Pharmacist's take on the post was pretty funny but the post did have value in that these sig campaigns want repetition of their brand by positive, informative posts. So, some of these posts are a little on the bland side and not worthy of being placed in a PhD thesis paper on computer science but it was conveying an opinion on the concept of whether to buy or not. This more this market and consequentially this forum, you're going to get a lot less super nerds w/ extensive knowledge on the intricacies of tech and more normal commentary and opinion. We'll just have to live w/ that as the new norm. I'll take plenty of this if had the luxury of being rid of that demented troll that busts out new sox a dozen times a day and posts disgraceful pics and such.

[BTCevo]

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Well indeed, I`ll buy 2-3 Bitcoins in a couple of days, the price seems fairly stable, and it stabilized around the 200€ mark, i dont think it will go lower.

I guess it will be stable for just in a few days more and hope after this it will going high not dropping. And buying 2-3  bitcoin directly is not a best option because you didnt even know what is gonna be later and better wait for a little bit low then you buy or earning first

Thanks for your worry but i`m a bit hesitant, i already own a few bitcoins, and i`m not sure if it would want to put more egg in this basket.

I`m also looking for DASH and Shadowcash, they look promising

If you are going to do some altcoin trading, better stop your buying, I dont think you will get profit if you buying that much bitcoin, but for altcoin trading you will get more compare to your buying but there is a risk for dash or shadowcash is going down too. Think carefully before making your choice 

[GreenStox]

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Well indeed, I`ll buy 2-3 Bitcoins in a couple of days, the price seems fairly stable, and it stabilized around the 200€ mark, i dont think it will go lower.

I guess it will be stable for just in a few days more and hope after this it will going high not dropping. And buying 2-3  bitcoin directly is not a best option because you didnt even know what is gonna be later and better wait for a little bit low then you buy or earning first

Thanks for your worry but i`m a bit hesitant, i already own a few bitcoins, and i`m not sure if it would want to put more egg in this basket.

I`m also looking for DASH and Shadowcash, they look promising

If you are going to do some altcoin trading, better stop your buying, I dont think you will get profit if you buying that much bitcoin, but for altcoin trading you will get more compare to your buying but there is a risk for dash or shadowcash is going down too. Think carefully before making your choice 

Risk management? Allocate like 0.5% of the portfolio in it then you down care about failing it.

Also allocate the % based on their risk %, in more risky currencies alocate less % and in stable ones alocate more.

[mrhelpful]

I would understand it would be a viable option if prices were always stable, but since the huge swings it would be a huge gamble for anyone.

I`d opt in, if it was mixed combinations though, like 10-15% into bitcoin and the remaining in other options as a retirement account.

[GreenStox]

I would understand it would be a viable option if prices were always stable, but since the huge swings it would be a huge gamble for anyone.

I`d opt in, if it was mixed combinations though, like 10-15% into bitcoin and the remaining in other options as a retirement account.

Prices will be more stable once the economy gets bigger.

Why are there those swings? From fear.

If the economy gets bigger, then people would fear less, and they would not sell their BTC at every single fearmongering.