Bitcoin as a Retirement Account

[kripkiki12]

Actually, it makes some sense. For intstance, in my country you can never be sure about your pension as things are going nowadays. So perhaps Bitcoin is a safer way to keep money in

[Visteryy]

I would say bitcoin is perfect for investing. we know bitcoin grew in 2009 the price was only 0.01 $, see now bitcoin is priced at $ 6k. maybe in 2022 bitcoin can reach 100k usd

I hope it will be the same as you say. Because I know the stability of bitcoin will be very strong. So if it has a price of 100k you will be very rich.

[UmitatsuKen]

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.

[Nucunsimeo]

That's risky and safe at the same time. Why would anyone want to to lock the funds, if he/ she cannot use it in the times of need. But yeah in a way, a future planning is happening.

[setialovers]

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 thats good idea for retirement plan. Bitcoin is long term investment and if we put aside small bitcoin into locked bitcoin wallet, it will be worth millions in the future and its good pension plan

[Quehuongchenoi]

People save because they need to as when they retire they wont have any money otherwise. Sure, keeping your money in bitcoin is risky but so is keeping it in a pension or in your bank in some cases. I think putting some money into bitcoin could pay dividends by the time you retire but nothing is guarnteed.

[Rastafarian]

After getting retired from work, you need to get at least some source of financial support to keep you moving and I think bitcoin account will be the best for you to concentrate on.

[yonjitsu]

If you are in your twenties right now while you are doing your regular job, it would really be great if you are also having a blockchain portfolio with you aside from saving money in your bank accounts or other insurance company. It will be timely that when you retire, your portfolio will be so mature with a very huge market value.

[Marcsymon]

If you are in your twenties right now while you are doing your regular job, it would really be great if you are also having a blockchain portfolio with you aside from saving money in your bank accounts or other insurance company. It will be timely that when you retire, your portfolio will be so mature with a very huge market value.

Good perception and advice mate. In addition blockchain portfolio would be going bigger and bigger because cryptocurrency will evolves and many industries or banks will purely accepted it in a lawful means. So with this happening might be the whole world would be recognized and regulate cryptos to make it safe from frauds and hackers anywhere in the places where we lived that patronizing crypto. In this way great holders of bitcoin who prepared for their retirement would feel great security with their stock in portfolio.

[Persiontateneis]

It will create world domination in currency but that is unrealistic, and it s just an alternative not a replacement. Success would happen when you understand your investment rather than just put money in it.

[maculeth]

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.

Intriguing, but probably won't fly.
All Bitcoin-Hype aside, for easiness' sake, let's assume we're doing this with our own, special coin, let's call it RetirementCoin(RC).

In the beginning, people will need a lot of RC to pay into the pension fund. RC is new, its price is low, i.e., for a given amount of e.g. US Dollars, you'll have to buy a lot of RC and lock them in your address. Exchange rate of RC will go "to the moon"™, leading to lower amounts of RC required to put into your retirement address.

The years go by.

Finally, when pay-outs start, huge amounts of RC from the first pay-ins will pour into the market, pushing the exchange rate down.
Your second pay-out will be substantially less RC at a substantially lower exchange rate. You'll be practically broke once you retire.

and why don't we just hold bitcoin forever until we retire? RC does not guarantee the exchange rate will always grow in the long run. bitcoin also does not guarantee, therefore I say that there is no guarantee of a good pension in the crypto world. except if we work in certain government or company institutions.

[boyz97]

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 thats good idea for retirement plan. Bitcoin is long term investment and if we put aside small bitcoin into locked bitcoin wallet, it will be worth millions in the future and its good pension plan

that's could work if bitcoin price rise alot as our hope above $50.000 .but how about if bitcoin price still moves down  or even die.because we dont know what will happen in future.

[beatzcoin123]

that would have been a wonderful idea, just hold your private key, and when time for retirement knocks, you just unlock you wallet and spend your retirement package. what an easy life that would be, unlike the rigorous process pension managers makes retirees go through in order to access their pension funds, bitcoin will be preferable.

[YinShuiSiYuan]

Actually, it makes some sense. For intstance, in my country you can never be sure about your pension as things are going nowadays. So perhaps Bitcoin is a safer way to keep money in

Retirement account in the bitcoin is a very interesting idea. By investing in cryptocurrencies with such a long term goal, you can build a large capital, which will be an additional injection of money in retirement. Such investment in the future will pay off.

[Violettochka]

That is interesting. I wonder if it will happen in the future because now to me it seems pretty unrealistic because crypto is not stable yet.

[dowellness]

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 this method a risky.

It would be great if bitcoin become funds after our retirement.it can double our money.But the question is who will accept it and who gonna give us retirement funds.

[setialovers]

If you are in your twenties right now while you are doing your regular job, it would really be great if you are also having a blockchain portfolio with you aside from saving money in your bank accounts or other insurance company. It will be timely that when you retire, your portfolio will be so mature with a very huge market value.

Good perception and advice mate. In addition blockchain portfolio would be going bigger and bigger because cryptocurrency will evolves and many industries or banks will purely accepted it in a lawful means. So with this happening might be the whole world would be recognized and regulate cryptos to make it safe from frauds and hackers anywhere in the places where we lived that patronizing crypto. In this way great holders of bitcoin who prepared for their retirement would feel great security with their stock in portfolio.

Its true, many big company right now involve in cryptocurrency industry. They developing their bussiness and trying to make their bussiness more eficient. I am believe investing on crypto for long term will be profitable

[ngalamunan]

If you are in your twenties right now while you are doing your regular job, it would really be great if you are also having a blockchain portfolio with you aside from saving money in your bank accounts or other insurance company. It will be timely that when you retire, your portfolio will be so mature with a very huge market value.

Good perception and advice mate. In addition blockchain portfolio would be going bigger and bigger because cryptocurrency will evolves and many industries or banks will purely accepted it in a lawful means. So with this happening might be the whole world would be recognized and regulate cryptos to make it safe from frauds and hackers anywhere in the places where we lived that patronizing crypto. In this way great holders of bitcoin who prepared for their retirement would feel great security with their stock in portfolio.

Its true, many big company right now involve in cryptocurrency industry. They developing their bussiness and trying to make their bussiness more eficient. I am believe investing on crypto for long term will be profitable

it is true, most retired people will be unemployed and will think to look for busyness. the right thing is bitcoin. bitcoin has a beautiful future. if we have retired from work. we can sell coins that we have to make ends meet.

[kateycoin]

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.

We can use bitcoin now asset or a investment  but we can't use it as retirement account. Being retired people is the more you need money for your needs everyday. We can use bitcoin to make our money more profitable but not just a account that you will keep money of your retirement.

[skish85]

A similar situation unfolds with the usual Pension Funds. The market of crypto-currency is very unpredictable and it is impossible to guarantee that at the time of retirement bitcoin will rise in price.