Bitcoin as a Retirement Account

[bitgolden]

Retirement account is nice term to describe as for future use that's after some 20 or 25 years. If we are able to hold bitcoins for long term then it would be very nice to get handsome returns from bitcoin.

[aakashsangwan]

Bitcoin as a retirement Account is like gambling in casinos whether you will win or lose all your money, in the long term  run , we cannot tell what will be the situation of bitcoin after say like 15 or 20 yrs after. Because still Bitcoin is not acceptable worldwide, and their are so many issues which are to be solved before it becomes completely workable.

You can go for like 50% of your  Retirement Account investment in Bitcoin because if it lives till then, then you might see a handsome of return in  bitcoin then any other investment you can expect.

[Coinonomous]

Bitcoin as a retirement Account is like gambling in casinos whether you will win or lose all your money, in the long term  run , we cannot tell what will be the situation of bitcoin after say like 15 or 20 yrs after. Because still Bitcoin is not acceptable worldwide, and their are so many issues which are to be solved before it becomes completely workable.

You can go for like 50% of your  Retirement Account investment in Bitcoin because if it lives till then, then you might see a handsome of return in  bitcoin then any other investment you can expect.

This is about the most sensible reply I've seen so far, I believe the same thing.

[futurebit640]

very nice if bitcoin can be used as a fund after we retire from work, which is expected bitcoin exchange rates on the future will increase and can be used up to the day our parents, hopefully the price will be more stable bitcoin exchange ... 

having retirement funds in bitcoin might not be a fantastic idea in the current economy, the volatility could lead to financial insecurity in the case of a price drop. if bitcoin becomes more stable and living solely on bitcoin becomes a realistic and convenient possibility in the future, maybe.

Yes what you said is 100% correct. The retirement funds should be linked to so called quite stable returns investments not very unstable investment products. If you look at bitcoin price it have went 1000+ and came back to 200+ in just year or two. People want to spend retirement life peacefully so definitely bitcoin is not a good idea but they can put some money ( very little %) in it enjoy the success if prices move up.   

[roadbits]

very nice if bitcoin can be used as a fund after we retire from work, which is expected bitcoin exchange rates on the future will increase and can be used up to the day our parents, hopefully the price will be more stable bitcoin exchange ... 

having retirement funds in bitcoin might not be a fantastic idea in the current economy, the volatility could lead to financial insecurity in the case of a price drop. if bitcoin becomes more stable and living solely on bitcoin becomes a realistic and convenient possibility in the future, maybe.

Yes what you said is 100% correct. The retirement funds should be linked to so called quite stable returns investments not very unstable investment products. If you look at bitcoin price it have went 1000+ and came back to 200+ in just year or two. People want to spend retirement life peacefully so definitely bitcoin is not a good idea but they can put some money ( very little %) in it enjoy the success if prices move up.   

I too agree with you, if any one investing to use funds in their retirement they should choose very stable investments like gold or investing in real estate or bank fixed deposits. The investment option is based on individual and how much they can take risk. But I would say they can also buy some coins to try it out their luck as well.

[MinerHQ]

very nice if bitcoin can be used as a fund after we retire from work, which is expected bitcoin exchange rates on the future will increase and can be used up to the day our parents, hopefully the price will be more stable bitcoin exchange ... 

having retirement funds in bitcoin might not be a fantastic idea in the current economy, the volatility could lead to financial insecurity in the case of a price drop. if bitcoin becomes more stable and living solely on bitcoin becomes a realistic and convenient possibility in the future, maybe.

Yes what you said is 100% correct. The retirement funds should be linked to so called quite stable returns investments not very unstable investment products. If you look at bitcoin price it have went 1000+ and came back to 200+ in just year or two. People want to spend retirement life peacefully so definitely bitcoin is not a good idea but they can put some money ( very little %) in it enjoy the success if prices move up.   

Yes I too agree that we shouldn't put our most of the money in these high fluctuating investments. I choose gold for long term returns.

[n2004al]

It would be a good idea? Anyhow I'm wondering from who do have the founds this employer? Who work with bitcoin today? I heard some people in Polonia but I don't know if they continue to do this after the drop of the price of bitcoin. Then when do you find the safety that the price of bitcoin will not go 2 us dollar in your time of retirement. What do you do in this case? I personally don't believe that but who knows the future? Third why don't do this with your fiat money of your country? It is not more secure this?   

[avatar_kiyoshi]

It's what i have been thinking about my future financial, it will be great because you have own bank.
the problem is just come from bitcoin ecosystem itself.

[Itun]

It would be a good idea? Anyhow I'm wondering from who do have the founds this employer? Who work with bitcoin today? I heard some people in Polonia but I don't know if they continue to do this after the drop of the price of bitcoin. Then when do you find the safety that the price of bitcoin will not go 2 us dollar in your time of retirement. What do you do in this case? I personally don't believe that but who knows the future? Third why don't do this with your fiat money of your country? It is not more secure this?  

For the vast vast majority of bitcoin investors, they would have to use a service that have scheduled transfers/buys to do this.

i.e. Coinbase

With it you can schedule weekly purchases which can be sent to a multi sig vault

Although.. if you use this method, it still takes self discipline to not spend it too soon

[n2004al]

It would be a good idea? Anyhow I'm wondering from who do have the founds this employer? Who work with bitcoin today? I heard some people in Polonia but I don't know if they continue to do this after the drop of the price of bitcoin. Then when do you find the safety that the price of bitcoin will not go 2 us dollar in your time of retirement. What do you do in this case? I personally don't believe that but who knows the future? Third why don't do this with your fiat money of your country? It is not more secure this?  

For the vast vast majority of bitcoin investors, they would have to use a service that have scheduled transfers/buys to do this.

i.e. Coinbase

With it you can schedule weekly purchases which can be sent to a multi sig vault

Although.. if you use this method, it still takes self discipline to not spend it too soon

The meaning of my post is who pay with bitcoin the salary and not where can be send the money from the work of the person. As I know no one paid with bitcoin (even coinbase itself) but with the real fiat money. So, to use bitcoin as a retirement tool must be someone which pay in this currency. Anyhow must be a way to realize this. Be paid in your country fiat money and then part of salary use to buy a quantity of bitcoin. Then those be save in a wallet. But even this it is not possible to realized because not from any country can be bought bitcoin and the fee are high. So can be expensive and not worth to do.

[pjsonowal]

lol bitcoin as a retirement account is not agood idea...coz once if ur private key i guessed by hacker all your retirement will be gone...so think of it

[neonshium]

lol bitcoin as a retirement account is not agood idea...coz once if ur private key i guessed by hacker all your retirement will be gone...so think of it

The reason you are saying is the end of bitcoin...
There are numerous reasons why somebody would have the capacity to get back cash from their retirement accounts the way things are currently. Age is one and only motivation behind why individuals can pull back. Another issue is that there is no ensure that bitcoin will in any case be around when a man is prepared to resign.
I concur that bitcoin is exceptionally alluring today, however this may change in the following 40 years when numerous individuals who are right off the bat in their vocations (and simply beginning to put something aside for retirement) will be prepared to resign.

[thejaytiesto]

lol bitcoin as a retirement account is not agood idea...coz once if ur private key i guessed by hacker all your retirement will be gone...so think of it

First of all if you are going to look at Bitcoin as a retirement address, you will be creating a cold storage vault that is created offline and never enters the internet. This can be done by using for example Armory in a Live CD of Linux or Bitaddress.org by downloading the algorithm (even tho Armory is probably better). You get your private keys printed and there you have it, an unhackeable vault of Bitcoin. Now your worry is storing it in a place that cannot be robbed irl.

[jamesclark]

If it's possible to get barter system to currency, then why do you think it won't possible make it with bitcoin also? That's good way in future, but we must compensate fees

[PalindromemordnilaP]

That's a good retirement plan one can get and enjoy. If you have invested in bitcoin today and keep it in your digital wallet until the time of your retirement, then i wonder how big it will grow by then but i am quite sure that it's gonna be a very happy retirement.

[d0flaming0]

It would be a good idea? Anyhow I'm wondering from who do have the founds this employer? Who work with bitcoin today? I heard some people in Polonia but I don't know if they continue to do this after the drop of the price of bitcoin. Then when do you find the safety that the price of bitcoin will not go 2 us dollar in your time of retirement. What do you do in this case? I personally don't believe that but who knows the future? Third why don't do this with your fiat money of your country? It is not more secure this?  

For the vast vast majority of bitcoin investors, they would have to use a service that have scheduled transfers/buys to do this.

i.e. Coinbase

With it you can schedule weekly purchases which can be sent to a multi sig vault

Although.. if you use this method, it still takes self discipline to not spend it too soon

The meaning of my post is who pay with bitcoin the salary and not where can be send the money from the work of the person. As I know no one paid with bitcoin (even coinbase itself) but with the real fiat money. So, to use bitcoin as a retirement tool must be someone which pay in this currency. Anyhow must be a way to realize this. Be paid in your country fiat money and then part of salary use to buy a quantity of bitcoin. Then those be save in a wallet. But even this it is not possible to realized because not from any country can be bought bitcoin and the fee are high. So can be expensive and not worth to do.

as far as i can understand, maybe it should be as well consider the risk of the bitcoin's price in the market and there is no guarantee to what will be its price for the next few years. even though you will tell us to be positive and trust its potential, yes it will rise but it will still be risky knowing that what if the price will go down? what will those retired people do? or when it rise at any moment what will the employer do? do they have to take back all their funds intended for the retired employees? i guess this can't be answered for now, and if someone will really do this it will be a very risky decision and choice for both the employee and the employer.

[Dudeperfect]

It's not a bad idea if the employee is ready for this system and if the total amount of such monthly transfer is less than 2% of his salary. We know, things are still in the development phase and no one is sure what is going to happen down the road and unfortunately, if it fails then employee won't lose much if the amount is negligible. On the other hand, if it succeeds then it would be his one of the great decisions.

[Blamsud]

It's not a bad idea if the employee is ready for this system and if the total amount of such monthly transfer is less than 2% of his salary. We know, things are still in the development phase and no one is sure what is going to happen down the road and unfortunately, if it fails then employee won't lose much if the amount is negligible. On the other hand, if it succeeds then it would be his one of the great decisions.

I don't know if it's just in my country that pays little in job that seems BTC can be a resort to save money, most of the time having job will only be enough to sustain the monthly living and nothing will be save for savings and having crypto helps me to go through this.

[Andrej Peiboski]

Bitcoin is definitely something to invest in, but at the moment it seems too unstable to guarantee a peaceful old age: the risk that it goes to zero from one day to the next seems to me too big. I would keep half bitcoin and half gold ...

[thecoder2017]

I think there some disadvantages in having a retirement account with bitcoin because we dont know what will happen to bitcoin in the future will it lasts forever or stay but its good also having a retirement account it will make bitcoin more active.