Bitcoin as a Retirement Account

[techgeek]

I dont know if this guy "Chamath Palihapitiya " invested most of his funds and accepts bitcoin.

It kinda tells you something, so I pretty probably follow the same advice considering bitcoin being gold 2.0 like he seems to mention.

So for me, I`d play copy cat and invest my retirement account to bitcoin.

[GreenStox]

I dont know if this guy "Chamath Palihapitiya " invested most of his funds and accepts bitcoin.

It kinda tells you something, so I pretty probably follow the same advice considering bitcoin being gold 2.0 like he seems to mention.

So for me, I`d play copy cat and invest my retirement account to bitcoin.

I would be careful with that, atleast diversify into other cryptos.

Dont put all eggs in 1 basket. Try out Litecoin ,Dash, NXT and others, they can be promising too. Just keep the risk small, because the returns will be huge.

[BTCevo]

I dont know if this guy "Chamath Palihapitiya " invested most of his funds and accepts bitcoin.

It kinda tells you something, so I pretty probably follow the same advice considering bitcoin being gold 2.0 like he seems to mention.

So for me, I`d play copy cat and invest my retirement account to bitcoin.

I would be careful with that, atleast diversify into other cryptos.

Dont put all eggs in 1 basket. Try out Litecoin ,Dash, NXT and others, they can be promising too. Just keep the risk small, because the returns will be huge.

Its true that what you said about that bold part. But for other cryptos like you mentioned before is kind of late if you just start to make the investment  now because the price is already higher and may be you will get a little profit or may be wont get anything by investing in it

[Krang]

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.

But surely it's those huge swings that could possibly make it a very good investment? Of course its risky but you never get anywhere in business without taking those risks. Personally I'm choosing to earn and put a little into bitcoin as a savings account for the future but only an amount I'm comfortable with, but I do see the potential in bitcoin and what it can achieve in the long run so I'm fairly confident it will considerably rise in value within the next few years.

[GreenStox]

I dont know if this guy "Chamath Palihapitiya " invested most of his funds and accepts bitcoin.

It kinda tells you something, so I pretty probably follow the same advice considering bitcoin being gold 2.0 like he seems to mention.

So for me, I`d play copy cat and invest my retirement account to bitcoin.

I would be careful with that, atleast diversify into other cryptos.

Dont put all eggs in 1 basket. Try out Litecoin ,Dash, NXT and others, they can be promising too. Just keep the risk small, because the returns will be huge.

Its true that what you said about that bold part. But for other cryptos like you mentioned before is kind of late if you just start to make the investment  now because the price is already higher and may be you will get a little profit or may be wont get anything by investing in it

An investment is an investment, dont expect to make 1 million $ from it.

But a few 10-50% return is still better what many average stock market investors could get.

So definitely some opportunity here if you are well capitalized 

[Pab]

 Not the best idea.first people dont know about bitcoin,second bitcoin is to much speculative,and there is easy to lost private key.And tell me who will manage that,people themself,nothing will left for his oldage,thay will dump for fiat immediatly

[Amph]

I dont know if this guy "Chamath Palihapitiya " invested most of his funds and accepts bitcoin.

It kinda tells you something, so I pretty probably follow the same advice considering bitcoin being gold 2.0 like he seems to mention.

So for me, I`d play copy cat and invest my retirement account to bitcoin.

I would be careful with that, atleast diversify into other cryptos.

Dont put all eggs in 1 basket. Try out Litecoin ,Dash, NXT and others, they can be promising too. Just keep the risk small, because the returns will be huge.

there isn't much difference between investing in altcoin or in a random ponzi(they are good if you go out early and enter the first day of a new one), they are basically the same risky way to double or triple your income

actually i find trading alt more risky, because it is very confusing with all the alt that there in in place, if one isn't good enough in trading them he could lose himself pretty quickly

[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.

But surely it's those huge swings that could possibly make it a very good investment? Of course its risky but you never get anywhere in business without taking those risks. Personally I'm choosing to earn and put a little into bitcoin as a savings account for the future but only an amount I'm comfortable with, but I do see the potential in bitcoin and what it can achieve in the long run so I'm fairly confident it will considerably rise in value within the next few years.

Yeah, but I rather be more comfortable if I even made 1% in bitcoin.

Its more of security, then profit in my view. I mean I`m just putting in a hypothetical scenario where you retired in your 50`s, and you have to go to work again sounds really shitty all cause the investment itself gone bad.

[expert4knowledge]

I think this does not seem wise investment since the current trend does not show increase in prices.

[techgeek]

I think this does not seem wise investment since the current trend does not show increase in prices.

Overall trend is a downward hill, since its correcting itself from the past events.

But, then again there can be an event something positive which shows elsewhere. Esp, if it gets to reddits top page, making people react.

[grendel25]

This is my current take:
30% crypto
50% metals
20% fiat
10% other (bonds, whatever)

Diversifying without going nuts is still king. And don't understimate fiat as if it's going to dissapear anytime soon like some people do around here.

I agree with the diversification part.  However, I would not put so much into metals or at least not raw and mined metals.  That sort of allocation into businesses that fabricate such things is wiser.  Chemicals is where it's at for the longer term.  If you're talking shorter term then maybe but I see gold tanking imho.

[knowhow]

well you never know what can happen tomorrow ,sure you must start thinking about retirement the sooner you think ,the better results you will got in the future,about do that with btc well i wouldn make such ,im a believer that bitcoin will stay for years as several others news coins,but they can earn as loose worth soo you can spend lets say 50.000dollars and when you go to sell them worth 20.000dollars soo not a safe investment at all

[expert4knowledge]

I consider  investing a 10%of income on bitcoin a fine share of portfolio since it is highly risky investment

[randy8777]

I consider  investing a 10%of income on bitcoin a fine share of portfolio since it is highly risky investment

bitcoin in the long term has plenty of room for profit. especially if you compare it to other investments. i would say 20-25% in bitcoin and hold it for as long as possible.

[mrhelpful]

Well everyones right answer would be diversify, but the question is how much money do you even have to begin with?

You cant be really helping yourself if you diversify only a small principal amount.

[aso118]

Well everyones right answer would be diversify, but the question is how much money do you even have to begin with?

You cant be really helping yourself if you diversify only a small principal amount.

That is why people talk about "percentages".
The amount does not matter, what matters is the proportion of your surplus/net worth you invest in Bitcoin.

[techgeek]

this is my take, but I`d put about 90% bonds, 10% crypto, and reuse the amount earned to crypto.

Then do this for the same with gold as well.

[Amph]

Well everyones right answer would be diversify, but the question is how much money do you even have to begin with?

You cant be really helping yourself if you diversify only a small principal amount.

That is why people talk about "percentages".
The amount does not matter, what matters is the proportion of your surplus/net worth you invest in Bitcoin.

well not exactly, investing few pennies isn't like investing big no matter the %, he is talking about how many of your total money(thus that are saved should be counted too) are you investing

if you hold 100k usd total and invest only $100, then you should not worry much about % or when you are investing

[NorrisK]

With something as important as a retirement, I would be more careful than to take a massive leap of faith by putting it all on one horse. But I do think that taking a small piece in bitcoin can help in 40 years!

[EternalWingsofGod]

The discussion on retirement coin is a valid point in the thread
It's nice to be liquid but at the same time have something that grows in value so its a complex question of whether it is a safe means to store wealth if the exchange rate changes rapidly.
It could work but best to not bank all in on it.