Bitcoin as a Retirement Account

[kkaroul4]

yes it could be that, because bitcoin is a way to save our money for the future and can make a retirement savings as well. by way of investing better to save our money

[maloibtc]

I have never thought like this but I find your thoughts worthy. I think that there is logic in your way of thinking. Who knows maybe it is going to be like you said. I m not great expert but as for me BTC has always been a good option to invest

[Rollkal]

Are you not afraid of the risk of BTC will collapse? I do not dare to hold the BTC for a few dozen years, I can only hold them for a few months or a year, then convert to cash and use. The Crypto market can not predict what they will be and how they will be in the future.

[Cryptomagnus]

If we are here on this forum, we are all convinced that bitcoin will have a great future. But at the moment it is too unstable, and then it is not known whether it will be replaced by another currency. Basing your old age on the bitcoin really seems risky.

[Averim]

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.

This is honestly a cool idea, i may even talk with my boss, he is also an crypto enthusiast. And considering that we combine technology with benefits, it simply couldn't be bather, and it is transparent to. Really good idear, congratulation

[sharnel18]

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.

Well as long as Bitcoin itself still iaround in the future for a long years and of course if all the details and transaction will be transfer and if the key is in your personal add,I agree,and that would be a nice plan for a better future.

[weblouartisan]

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.

You are referring to have a good amount of investment after you retire to your job, well that is alright and a wisest idea you can think of since the price of bitcoins is growing as the time goes by and the coins you save will surely make you rich even if you leave your job.

[entrepmind23]

If we are here on this forum, we are all convinced that bitcoin will have a great future. But at the moment it is too unstable, and then it is not known whether it will be replaced by another currency. Basing your old age on the bitcoin really seems risky.

It is risky having your retirement funds in a cryptocurrency that has an unknown future. We all know that it is doing good nowadays but we don't know yet what will be the future of bitcoin as there is too much opposition with it and even if your country decides to regulate it, there are still chances that they will ban it in the future. It depends as well on what is your age now. If you are in your 20s then you have 40 years to go. Bitcoin may be very valuable during that time or worthless. It would be better to have an alternative source of income like investing in another investment vehicle like business.

I have never thought like this but I find your thoughts worthy. I think that there is logic in your way of thinking. Who knows maybe it is going to be like you said. I m not great expert but as for me BTC has always been a good option to invest

Yes bitcoin is a good investment option and I will hold it for as long as I can and as far as it is valuable but for retirement funds, it is a no for me. It is very risky for me depending on a coin and there are too many who are attempting to get its position and when that time comes then its value would be diminishing. At least I would find a retirement fund that would somehow be stable.

[basyang]

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 think, that was a good idea for the retired workers/official because in times goes by bitcoin will increase it price and its a good opportunity to them, they can use it to support their needs when they got older.

[ClackKendi]

You can think of it and we can do it like a cumulation or as a cover book so that when it comes to working out we can use it to withdraw money for the retirement date. When we get older we can say Bitcoin as a Retirement Account

[kokorotomoto]

yes, I agree if bitcoin is also called pension savings. not just retired savings, bitcoin can also be used for my sudden needs. I hope, rising bitcoin prices can be stable.

[Teh-pucuk]

it is true that long-term bitcoin can be used for retirement because as long as the bitcoin is low purchased it is left until our old age can benefit abundantly to guarantee our life in old age .

[mindrust]

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 ...

Gold (physical) is not as liquid as bitcoin at the moment. I wouldn't keep more than %10 of gold (physical as always) in my portfolio.

Bitcoin is mobile, bitcoin is liquid. Gold is not mobile and not as liquid. (Only one who'll be willing to buy your gold is either banks or those who sell gold. No one else.)  Yes btc is volatile but it is the least volatile of all right now if that's what you are after.

Both of them are better than having papers in a bank account where you lose money no matter what interest rate they give you.

Another valid option is stocks but at the moment I believe it's a big bubble. So, as much as I hate FIAT, right now FIAT is a better choice than stocks. Wait for the stock market bubble to pop, and then get in. Not now.

[Sled]

It is not safe in my opinion to use bitcoin as a retirement account because that is not a safe choice since bitcoin is a high risk investment that you need to put some attention to it in order to come out as a profitable investment or asset to you. Retirement account should be safer than bitcoin and it should have a lower risk so it is best for you to get other investment aside from bitcoin if you want a healthy retirement account.

[PIR]

It would be good idea!...but then there is pros and cons of this things and one should not solely depend on bitcoin for their retirement fund there should be another things to stock it or put it..so that from time to time they can get money as much as they can for their everyday needs...just like pension. This idea of retirement fund or account can also be apply to education plan for children for future use.

[boblets243]

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 think it is a good idea to have Bitcoin as a retirement. But I think 1 BTC is enough and the rest would be fiat. It is too risky if all of the retirement is in the form of Bitcoin because of its volatility. Likewise, how can we sure if the key works? How about if you will early retire? The idea is fine but there are technicalities that needs to be executed well to secure the retirement funds.

[popolite11]

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.

Bitcoin is a good way of accumulating money for your pension as its price can grow well over all these years. But I'm afraid that in old age I can lose my password for my wallet. 

[tranduc2101]

I disagree. Transactions may be banned or permanently disappeared. We will not be able to get back what has been lost. This is very risky. Let's say Bitcoin prices go down and retirees will get less money than

[Justice0881]

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.

[Rufsilf]

It depends, well in our times right now, bitcoin is now quite known in the world. There are now advertisements about bitcoin, as well as there are many people that works for bitcoin around the world. No one can tell whether if it will be banned after some time since some countries really don't agree with this thing, and if you will just depend on bitcoin for your retirement account and bitcoin will get banned then you won't have any money for yourself.