Bitcoin as a Retirement Account

[Jorge320]

Still way to viable for me to consider it a part of my retirement investment portfolio, more power to you if you press it home and are successful but right now way too risky!

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[Amph]

Personally I think it would be a great idea to keep some money in bitcoin for retirement. By that age I think bitcoin could be worth many times what it is now. Keeping the other half in fiat would be advisable too but we all know money depreciated drastically especially when they keep printing more and more of it.

Yeah keeping some money in bitcoins is a great idea, as we never know what value its going to reach in the future, and rest of the money would be diversified and invest in gold, as gold can also be a good investment product in the future giving some good returns on the investment.

Nah.
Gold is currently stable and not volatile.
But Bitcoin is much volatile as currently it is not majorly accepted by the world.
So if we want good returns over investment, then we can look out for Bitcoins as after wide acceptance it's value will definitely increase as there will be just 21 million Bitcoins.

Id side with gold as well over bitcoin.

I mean bitcoin is fun and exciting, but the not sexy stuff like gold keeps me sane and not turn insane like bitcoin and its volatility being everyday influenced with simple reddit threads or some other outside elements.

And the fact that gold held value for the last couple of centuries, that's sexy indeed. Right now, due to the commotion happening with the censorship and consensus, I'll bet hard on gold and silver and return to bitcoin once the dust is settled.

for this reason they are not really comparable, i want to say that bitcoin is still very young and still need to prove that its stable, unlike gold which is very ancient and has proven everything

the real comparison must be done between bitcoin now and gold in its infancy, i'm sure that gold wasn't so stable back then...

[GreenStox]

I`d throw in some NXT, Monero and DASH aswell into that retirement portfolio.

Btc is good, but NXT and Monero has much more ROI%.


If NXT hits it right, then it can single handedly generate your pension!

[aakashsangwan]

I`d throw in some NXT, Monero and DASH aswell into that retirement portfolio.

Btc is good, but NXT and Monero has much more ROI%.


If NXT hits it right, then it can single handedly generate your pension!

By watching your confidence I can risk some amount of my Bitcoin into these projects.

But there is a huge risk that these altcoins will fail like all others and I'll be one of those bagholders.

[umair01]

By watching your confidence I can risk some amount of my Bitcoin into these projects.

But there is a huge risk that these altcoins will fail like all others and I'll be one of those bagholders.

I think using bitcoins mainly on projects is more safe than other's even though many other altcoins failed but that was maybe due to the fact that they tried to emulate bitcoin instead of bringing in something new to the
 
table instead

[mindrust]

I wouldn't keep my savings as bitcoin because nobody knows if there will be any bitcoins in use 10 years later.

10 years later, we may remember bitcoin as a pump&dump scam, who knows?

[tatu]

I wouldn't keep my savings as bitcoin because nobody knows if there will be any bitcoins in use 10 years later.

10 years later, we may remember bitcoin as a pump&dump scam, who knows?

You could say the same about fiat. And don't say it wont happen because there are plenty of currencies that have collapsed and even strong ones like the dollar and pound lose a lot of it's value with peoples lifetime, so maybe bitcoin could be a good retirement plan, especially if it rises considerably while fiat inevitable plummets.

[mindrust]

Nah man, you cannot say that for US Dollars. Pease don't be delusional. Please. It is USD we re talking about. Any other currency? Yes they all can blow up. USD? no.

[umair01]

I wouldn't keep my savings as bitcoin because nobody knows if there will be any bitcoins in use 10 years later.

10 years later, we may remember bitcoin as a pump&dump scam, who knows?

You could say the same about fiat. And don't say it wont happen because there are plenty of currencies that have collapsed and even strong ones like the dollar and pound lose a lot of it's value with peoples lifetime, so maybe bitcoin could be a good retirement plan, especially if it rises considerably while fiat inevitable plummets.

this will certainly be the case in the future as the demand for bitcoin arises , it's value does too as for the fiat , well if the demand decreases which I believe will be , then they can lose value , maybe not disappear but

have less value instead

[expert4knowledge]

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.

I think the amount is as important but percentage is important too for example if u invest one hundred percent of your asset then you are entering a risky game

[kampretkabur]

be wise, investing in bitcoin isnt that simple i guess

[malzahar]

I wouldn't keep my savings as bitcoin because nobody knows if there will be any bitcoins in use 10 years later.

10 years later, we may remember bitcoin as a pump&dump scam, who knows?

It would be true similar to a dot com boom.

But things seem different and these VC`s put more of smart money into play based on building a sub community so they are actually building foundation.

Compared to back then when people throwing money for magical growth. Only way I see this still being alive is because its a money transmitter for money laundering and has vital purpose.

[tonycamp]

im broke and unemployed for 20 years no retirement for me lol

[malzahar]

im broke and unemployed for 20 years no retirement for me lol

being broke is a choice man.

you just have to find something and work on it. To be more detailed, 20 years is a long time for not having work which means you could be launching projects. Esp theres resources like kickstarters out there and end up having your own business.

[funkenstein]

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.

Nice idea but you are kinda missing the whole point of "retirement", 

which is, a word you use to get idiots to give up their valuables today on promises of getting valuables back far into the future. 

[malzahar]

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.

Nice idea but you are kinda missing the whole point of "retirement", 

which is, a word you use to get idiots to give up their valuables today on promises of getting valuables back far into the future. 

I think most people can retire, but its not the lifestyle they would want which stops them from real retirement.

Like getting a bigger house or a ideal car.

If you take out these things, most people can buy a $30k home in las vegas or something and start being smart money.

[Amph]

im broke and unemployed for 20 years no retirement for me lol

you must be rich or someone else is feeding you, in this case maybe you can take advantage of his inheritance if he want you as a heir

or just try to earn even a single bitcoin, in a far distant future, it may be enough to do a retirement

[umair01]

im broke and unemployed for 20 years no retirement for me lol

then good thing your here , telling to yourself than no retirement fee because your unemployed is just an excuse to tell yourself to not go out and work ... but thanks to the bitcoin ,you can start working from home if

only you could find the right path into it

[Demille]

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.

Nice idea but you are kinda missing the whole point of "retirement", 

which is, a word you use to get idiots to give up their valuables today on promises of getting valuables back far into the future. 

I think most people can retire, but its not the lifestyle they would want which stops them from real retirement.

Like getting a bigger house or a ideal car.

If you take out these things, most people can buy a $30k home in las vegas or something and start being smart money.

A house only costs 30k in Vegas? In my country even for a really cheap and run down basic house you'll probably have to pay around 80k USD. I'd like to save my money as a retirement account or to maybe buy a house with bitcoins but I wouldn't rely on it. It's more speculative optimism but I would certainly have a retirement account in fiat too so both would be good.

[Stargazer]

im broke and unemployed for 20 years no retirement for me lol

you must be rich or someone else is feeding you, in this case maybe you can take advantage of his inheritance if he want you as a heir

or just try to earn even a single bitcoin, in a far distant future, it may be enough to do a retirement

No he doesn't. Many people are officially unemployed, which means they have no contract and no retirement fund, but they are working and have enough to pay their bills.
Don't immediately label all unemployed and broke people as lazy.