When you've got a kid who's 18 and ready to shoot off to college/uni with all kinds of expenses racking up, along with inflation, coupled with parents reaching ripe golden age that also requires increasingly taxing medical expenses -- and you don't come from a welfare state (I'm guessing the way you phrase retirement without a mention of pension means you're not from one), then 16 years is not disturbing, it's probably the least you can do to be responsible.
Personally, I hope I have a long and healthy life to be DCA-ing in 2040 but 20% of salary should set him up for life.
What's disturbing for me is if it's all-in. I'm all for Bitcoin but I'd really recommend setting aside even 10% of his salary for a sizable insurance/pension plan while he's not too old to get one. Too risky to just dump everything into Bitcoin, really.
Topic: A bitcoin retirement plan with a disturbing length of years. (Read 525 times)
I have this colleague of mine at workplace who is a bitcoin enthusiast just like me. Often times at work when we're less occupied with our job we kind of spend such moment's discussing about bitcoin generally. Two days ago he was telling me about his plans to start buying BTC with 20% of his salary every month for the rest of the years he has to retirement that's when he will then take it all. And based on the company total years of service he has 16 years left to his retirement.
With the way he was talking to me about it he appears to know exactly what he's about to do and how its going to end for him. But for me his idea has left some apprehension and questioning in my head due to the length of years (good 16 years) he is going to keep up with. From my angle the years are too much as no one can certainly say for sure about what the future of cryptocurrency and bitcoin holds despite how positive it could be looking today.
In my opinion I wanted to talk to him with a logical conclusion why he should reduce the length of years, not to do it at a stretch of straight 16years he has in mind without applying risk management technique, maybe by splitting those 16years into four interjecting years. As in he should in every 4 years be taking 50% of whatever total amount plus profit till it gets to the 16years he planned. At least in worst case scenario this method could save him something reliable to fall back onto.
How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration.(16 years)
With the way he was talking to me about it he appears to know exactly what he's about to do and how its going to end for him. But for me his idea has left some apprehension and questioning in my head due to the length of years (good 16 years) he is going to keep up with. From my angle the years are too much as no one can certainly say for sure about what the future of cryptocurrency and bitcoin holds despite how positive it could be looking today.
In my opinion I wanted to talk to him with a logical conclusion why he should reduce the length of years, not to do it at a stretch of straight 16years he has in mind without applying risk management technique, maybe by splitting those 16years into four interjecting years. As in he should in every 4 years be taking 50% of whatever total amount plus profit till it gets to the 16years he planned. At least in worst case scenario this method could save him something reliable to fall back onto.
How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration.(16 years)
Sounds like he has a solid plan. I don't see anything wrong in the length he is doing it. Bitcoin is hard money, and therefore will hold and appreciate in value over the long term. Buying Bitcoin long term IS his risk management technique. He is basically just saying he's gonna save 20% of his income every year long term into the best and safest wealth growth vehicle in the world. I don't see what could be wrong with that. That is very smart. The only way I could see to improve it would be to tell him to skip every fourth year (the bull run years) and save up that 20% in cash to buy with double his normal amount the following year (the crash year), at least for as long as the bitcoin four year market cycle continues to be significant.
I want to ask if it's good for somebody to use half of it's saves to invest in bitcoins, will the person make it in bitcoins industry or it's good for someone to start small in bitcoin investment with little capital because of lose that is involve for Bitcoin investment,
It is better to do your bitcoin investment gradually and not to be greedy about it to put as much as half your savings into it. In the market, no doubt there are ups and downs so you need some reserve to be able to do some other expenses that will come your way while your bitcoin investment is running. Like they say invest with the money you can forego incase it doesn't come back to you in profit. However bitcoin is the most guarantee in the cryptocurrency investment but do it wisely and not greedy, life is a step after another.
I planned to hold Bitcoin this long too, I don't see myself leaving crypto space in the next 20 years because I am already planning a future around crypto, I could end up buying expensive Asic miners soon to start mining Bitcoin, I believe Bitcoin has passed the stage where we can say that it won't like exists in the next 16years, so it's better to follow the same step as your friend..
10years ago, many people don't ever dream that Bitcoin can one day be prices at 30,000$ and the same thing will happen in future where those who look at Bitcoin as overpriced today will regret not buying now when Bitcoin is price at 200,000$, you still think it's impossible? You are not alone, there are many people thinking the same thing.
You will be shocked how much money your friend will be worth in the next 16 years and you will regret not following him all along, you said he invested 20% of his salary? How can that even hurt him if Bitcoin fails?
Those who are profiting from bitcoin will think that they will never leave bitcoin because of the benefits it brings. But it's hard to say we'll continue with it for the next 20 years, life is always full of surprises, and we never know what will happen. 16 years is indeed a very long time, and it is difficult to predict anything. In the future, I believe that if we discover a market with more potential than bitcoin, we will soon abandon bitcoin and run for new things. Humans are like that, always pursuing things that benefit themselves, so there is no need to affirm or declare anything. 10years ago, many people don't ever dream that Bitcoin can one day be prices at 30,000$ and the same thing will happen in future where those who look at Bitcoin as overpriced today will regret not buying now when Bitcoin is price at 200,000$, you still think it's impossible? You are not alone, there are many people thinking the same thing.
You will be shocked how much money your friend will be worth in the next 16 years and you will regret not following him all along, you said he invested 20% of his salary? How can that even hurt him if Bitcoin fails?
Two days ago he was telling me about his plans to start buying BTC with 20% of his salary every month for the rest of the years he has to retirement that's when he will then take it all. And based on the company total years of service he has 16 years left to his retirement.
First, taking 20% of his salary to buy bitcoin is a good investment plan as the rest of the money can be utilized for other purpose. 16 years is a long period of time and I think it can be achieved if the person actually puts his mind to it. There's only one issue... Buying bitcoin every month for 16 years means yours friend is going to experience 3 bitcoin halvings and personally I wouldn't want to buy bitcoin during the bull season. I don't know how financially disciplined your friend is but during the bull season, I would like to suggest that he sets out an account and be sending the 20% into it and when the market is bearish, he can take advantage of it and invest the savings and continue the process. When the market is bullish again, he does the same thing. It doesn't change the 16 years plan, it will only help him to maximize the seasons and make more profit.
I have this colleague of mine at workplace who is a bitcoin enthusiast just like me. Often times at work when we're less occupied with our job we kind of spend such moment's discussing about bitcoin generally. Two days ago he was telling me about his plans to start buying BTC with 20% of his salary every month for the rest of the years he has to retirement that's when he will then take it all. And based on the company total years of service he has 16 years left to his retirement.
With the way he was talking to me about it he appears to know exactly what he's about to do and how its going to end for him. But for me his idea has left some apprehension and questioning in my head due to the length of years (good 16 years) he is going to keep up with. From my angle the years are too much as no one can certainly say for sure about what the future of cryptocurrency and bitcoin holds despite how positive it could be looking today.
In my opinion I wanted to talk to him with a logical conclusion why he should reduce the length of years, not to do it at a stretch of straight 16years he has in mind without applying risk management technique, maybe by splitting those 16years into four interjecting years. As in he should in every 4 years be taking 50% of whatever total amount plus profit till it gets to the 16years he planned. At least in worst case scenario this method could save him something reliable to fall back onto.
How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration.(16 years)
Reading your post it looks like your final goal is to change your colleague's mind and, for me, that is a very bad move because we are talking his money. It's totally fine for you telling him about your concerns and what you would/wouldn't do, but don't push it too much because if for any reason he decides to listen to you and at the end you were wrong, well, I wouldn't like to find myself in that situation. With the way he was talking to me about it he appears to know exactly what he's about to do and how its going to end for him. But for me his idea has left some apprehension and questioning in my head due to the length of years (good 16 years) he is going to keep up with. From my angle the years are too much as no one can certainly say for sure about what the future of cryptocurrency and bitcoin holds despite how positive it could be looking today.
In my opinion I wanted to talk to him with a logical conclusion why he should reduce the length of years, not to do it at a stretch of straight 16years he has in mind without applying risk management technique, maybe by splitting those 16years into four interjecting years. As in he should in every 4 years be taking 50% of whatever total amount plus profit till it gets to the 16years he planned. At least in worst case scenario this method could save him something reliable to fall back onto.
How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration.(16 years)
Your friend has had his future well planned, and it is destined to pay him big in the future if he should maintain 20% of his salary for 16 years left for retirement.
In 16 years, it's about 4 halving bitcoin. As expected bitcoin increases in every halving, so in 4 halving from today, bitcoin can skyrocket far more in price than we can expect. Although none of us knows the exact price it will be by then. whether it will be above or below $ 2 million.
Your logical idea is quite okay but allow your friend to do what he feels like doing by taking off 20% of his salary every month. Your friend is just trying to build a solid ground for his old age when he will be less agile to work and provide for his family. Let him sacrifice a little now that he has a few more years to work.
In 16 years, it's about 4 halving bitcoin. As expected bitcoin increases in every halving, so in 4 halving from today, bitcoin can skyrocket far more in price than we can expect. Although none of us knows the exact price it will be by then. whether it will be above or below $ 2 million.
Your logical idea is quite okay but allow your friend to do what he feels like doing by taking off 20% of his salary every month. Your friend is just trying to build a solid ground for his old age when he will be less agile to work and provide for his family. Let him sacrifice a little now that he has a few more years to work.
I planned to hold Bitcoin this long too, I don't see myself leaving crypto space in the next 20 years because I am already planning a future around crypto, I could end up buying expensive Asic miners soon to start mining Bitcoin, I believe Bitcoin has passed the stage where we can say that it won't like exists in the next 16years, so it's better to follow the same step as your friend..
10years ago, many people don't ever dream that Bitcoin can one day be prices at 30,000$ and the same thing will happen in future where those who look at Bitcoin as overpriced today will regret not buying now when Bitcoin is price at 200,000$, you still think it's impossible? You are not alone, there are many people thinking the same thing.
You will be shocked how much money your friend will be worth in the next 16 years and you will regret not following him all along, you said he invested 20% of his salary? How can that even hurt him if Bitcoin fails?
10years ago, many people don't ever dream that Bitcoin can one day be prices at 30,000$ and the same thing will happen in future where those who look at Bitcoin as overpriced today will regret not buying now when Bitcoin is price at 200,000$, you still think it's impossible? You are not alone, there are many people thinking the same thing.
You will be shocked how much money your friend will be worth in the next 16 years and you will regret not following him all along, you said he invested 20% of his salary? How can that even hurt him if Bitcoin fails?
There was a time when 4 years look like an eternity to me, that was when I am young, even for a year to go by looks like it's going to take forever, but when I grow older I realize that years are nothing when you have a dream and you are pursuing that dream, years will flew past you like it's nothing.
If your friend believed in this dream then it's possible that things will go his way, what we most lack is faith is what we do, if your wife or lady get pregnant and give birth to a baby, you have a responsibility and brother, it's going to feel like yesterday when your baby turn 10years old, time can be very deceiving if you don't have faith in yourself.
It's true that in the next 16years anything can happen, but he is alive and that's all that matters right now, if things are going to get ugly for Bitcoin, something new will come up first and we will know what the future of Bitcoin is looking like.
Time, aint it the ultimate illusion? As kids, its slower than a lazy Sunday. Then, boom! We age, and its off like a SpaceX rocket. Dreaming big can make time feel as irrelevant as a flip phone in the iPhone era. Engulfed in a passion project, decades blur into a TikTok video. Yet, your faith-time link, though lyrical, isn't a perfect hit. Faith, crucial as the WiFi password, isnt success's lone key. In the Bitcoin galaxy, faith is paramount but navigating its roller-coaster ride demands savvy.If your friend believed in this dream then it's possible that things will go his way, what we most lack is faith is what we do, if your wife or lady get pregnant and give birth to a baby, you have a responsibility and brother, it's going to feel like yesterday when your baby turn 10years old, time can be very deceiving if you don't have faith in yourself.
It's true that in the next 16years anything can happen, but he is alive and that's all that matters right now, if things are going to get ugly for Bitcoin, something new will come up first and we will know what the future of Bitcoin is looking like.
If something nasty knocked Bitcoin down? A reality check, indeed. Still, blockchain - the decentralization, transparency, immutability - would survive, like memes in the internet age. Lets zoom in on these evergreen aspects, not Bitcoin's swinging fortunes.
There was a time when 4 years look like an eternity to me, that was when I am young, even for a year to go by looks like it's going to take forever, but when I grow older I realize that years are nothing when you have a dream and you are pursuing that dream, years will flew past you like it's nothing.
If your friend believed in this dream then it's possible that things will go his way, what we most lack is faith is what we do, if your wife or lady get pregnant and give birth to a baby, you have a responsibility and brother, it's going to feel like yesterday when your baby turn 10years old, time can be very deceiving if you don't have faith in yourself.
It's true that in the next 16years anything can happen, but he is alive and that's all that matters right now, if things are going to get ugly for Bitcoin, something new will come up first and we will know what the future of Bitcoin is looking like.
If your friend believed in this dream then it's possible that things will go his way, what we most lack is faith is what we do, if your wife or lady get pregnant and give birth to a baby, you have a responsibility and brother, it's going to feel like yesterday when your baby turn 10years old, time can be very deceiving if you don't have faith in yourself.
It's true that in the next 16years anything can happen, but he is alive and that's all that matters right now, if things are going to get ugly for Bitcoin, something new will come up first and we will know what the future of Bitcoin is looking like.
I have this colleague of mine at workplace who is a bitcoin enthusiast just like me. Often times at work when we're less occupied with our job we kind of spend such moment's discussing about bitcoin generally. Two days ago he was telling me about his plans to start buying BTC with 20% of his salary every month for the rest of the years he has to retirement that's when he will then take it all. And based on the company total years of service he has 16 years left to his retirement.
With the way he was talking to me about it he appears to know exactly what he's about to do and how its going to end for him. But for me his idea has left some apprehension and questioning in my head due to the length of years (good 16 years) he is going to keep up with. From my angle the years are too much as no one can certainly say for sure about what the future of cryptocurrency and bitcoin holds despite how positive it could be looking today.
In my opinion I wanted to talk to him with a logical conclusion why he should reduce the length of years, not to do it at a stretch of straight 16years he has in mind without applying risk management technique, maybe by splitting those 16years into four interjecting years. As in he should in every 4 years be taking 50% of whatever total amount plus profit till it gets to the 16years he planned. At least in worst case scenario this method could save him something reliable to fall back onto.
How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration.(16 years)
With the way he was talking to me about it he appears to know exactly what he's about to do and how its going to end for him. But for me his idea has left some apprehension and questioning in my head due to the length of years (good 16 years) he is going to keep up with. From my angle the years are too much as no one can certainly say for sure about what the future of cryptocurrency and bitcoin holds despite how positive it could be looking today.
In my opinion I wanted to talk to him with a logical conclusion why he should reduce the length of years, not to do it at a stretch of straight 16years he has in mind without applying risk management technique, maybe by splitting those 16years into four interjecting years. As in he should in every 4 years be taking 50% of whatever total amount plus profit till it gets to the 16years he planned. At least in worst case scenario this method could save him something reliable to fall back onto.
How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration.(16 years)
Honestly, when it comes to giving financial advice do so with a 50 lb dumbbell in your hands and act as if you're giving that dumbbell to whoever is getting your advice. But also, I always say don't ever hold back what you need to say, if you absolutely must. I honestly think this guy has a great plan that could pay off very well for him down the line.....
Pure investment and it will always depend. For me, as long as your friend will not end up broke even though his investment every month will be gone, he will still be able to live after retirement even without the investment (just in case something bad happen). In short, he will not 100% rely on his investment in Bitcoin after he retires.
If he has income from his retirement salary monthly, it is good for his finance and it is better than many people who don't have retirement salary for their life when they are old. If your colleague has good savings, he can use some of it and even includes part of retirement salary in future to invest in Bitcoin or something else. It's just he must afford to lose those money before investing.Quote
Your colleague must consider also if that 20% of their monthly salary of him is too much or not so? Is he willing to lose it every month?
16 years is a very long time, Bitcoin is still 14 years since it was created.
14 years is short when we look back the history but it is too long if we have to live in the market, day by day, month by month and year by year. A lot of challenges in the market and it's hard to live in the market without stress.16 years is a very long time, Bitcoin is still 14 years since it was created.
More stressful, we can not know about future of Bitcoin and even we believe that Bitcoin won't die, we must have plan for our finance in case Bitcoin will die.
(....)
How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration. (16 years)
Pure investment and it will always depend. For me, as long as your friend will not end up broke even though his investment every month will be gone, he will still be able to live after retirement even without the investment (just in case something bad happen). In short, he will not 100% rely on his investment in Bitcoin after he retires.How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration. (16 years)
Your colleague must consider also if that 20% of their monthly salary of him is too much or not so? Is he willing to lose it every month?
16 years is a very long time, Bitcoin is still 14 years since it was created.
In my opinion we should not invest for too long, the market looks pretty good right now but we don't know what they will be like 10 years from now, in my opinion you should gather your capital and buy one time only. at least 1 year and sell them when you see your profit enough. I usually accumulate assets and buy bitcoin at the end of the year, when investors are looking for a way out of this market
Buying one time is good considering that you might not need the money anytime soon, but to me, gradual buying with little that you can afford is the best idea.
If you are saying it's a bad thing for one to buy and hold for the long term, I will completely disagree with you because you have in mind that you just bought your Bitcoin today and you expect profit tomorrow or anytime soon, which is really a bad idea. Some times it takes those long periods, which you are afraid of, for you to really make your expected profit.
When thinking about profit in the short run, also consider the fact that the price might actually dump and you might likely be recording losses instead of profits, which will require you to hold for a long time in order to earn back your invested capital and an added profit.
I have this colleague of mine at workplace who is a bitcoin enthusiast just like me. Often times at work when we're less occupied with our job we kind of spend such moment's discussing about bitcoin generally. Two days ago he was telling me about his plans to start buying BTC with 20% of his salary every month for the rest of the years he has to retirement that's when he will then take it all. And based on the company total years of service he has 16 years left to his retirement.
With the way he was talking to me about it he appears to know exactly what he's about to do and how its going to end for him. But for me his idea has left some apprehension and questioning in my head due to the length of years (good 16 years) he is going to keep up with. From my angle the years are too much as no one can certainly say for sure about what the future of cryptocurrency and bitcoin holds despite how positive it could be looking today.
In my opinion I wanted to talk to him with a logical conclusion why he should reduce the length of years, not to do it at a stretch of straight 16years he has in mind without applying risk management technique, maybe by splitting those 16years into four interjecting years. As in he should in every 4 years be taking 50% of whatever total amount plus profit till it gets to the 16years he planned. At least in worst case scenario this method could save him something reliable to fall back onto.
How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration.(16 years)
Your friend is a true bitcoin supporter if he really did this kind of thing. 16 years is pretty long and there are so many things that will happen in this 16 years of time. At this time, it's either bitcoin is at it's downfall or bitcoin is at a price that we don't really expect that it can be that high. There's a risk but I guess your friend really believes that bitcoin will conquer the future and it will bring a positive impact in his life. He might even broke his plan and do other things like doing other things to increase the amount of bitcoin he has. I believe it is a DCA strategy that your friend planned but doing it for 16 years? It's pretty hard core in my opinion. Most of us wants a profit and there is a possibility that your friend might be contented with the profit he will have in the future. With the way he was talking to me about it he appears to know exactly what he's about to do and how its going to end for him. But for me his idea has left some apprehension and questioning in my head due to the length of years (good 16 years) he is going to keep up with. From my angle the years are too much as no one can certainly say for sure about what the future of cryptocurrency and bitcoin holds despite how positive it could be looking today.
In my opinion I wanted to talk to him with a logical conclusion why he should reduce the length of years, not to do it at a stretch of straight 16years he has in mind without applying risk management technique, maybe by splitting those 16years into four interjecting years. As in he should in every 4 years be taking 50% of whatever total amount plus profit till it gets to the 16years he planned. At least in worst case scenario this method could save him something reliable to fall back onto.
How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration.(16 years)
~snip~I know that everyone, even though they are married, has a frugal lifestyle plus a large monthly salary, for example, of course they can set aside a little for bitcoin, if their salary is above $1500 I think they invest a little in bitcoin.
$1500 is a pretty big salary and even setting aside $500 to invest in bitcoin would be great. living with $1000 a month I think is enough to pay the bills and for the needs of the family. A thrifty lifestyle will be profitable, where every salary comes out there will be several plans for using money. If from the start you have set aside a small salary for Bitcoin and can run for the next few years, it will really be a Bitcoin savings that will provide more benefits beyond our expectations.
Every person should have a balanced portfolio.... and you are not telling us if he is invested in something else. I categorize my financial portfolio in to 3 categories, low / medium / high risk investments. Bitcoin is placed in the high risk category, because it is still perceived as an ongoing experiment.
Tell your friend to divide his investment capital into these categories and to invest the smallest amount into high risk investments. Younger people can invest more into higher risk investments, because they have time to build again.. if it fails.
Tell your friend to divide his investment capital into these categories and to invest the smallest amount into high risk investments. Younger people can invest more into higher risk investments, because they have time to build again.. if it fails.
That's actually good plan because you are just aggregating few percent of your salary into Bitcoin and keeping rest aside for personal use or in savings.This is helpful as you have constant flow of income in the form of salary and later on you can enjoy your retirement with the accumulated btc when the prices will be high being optimistic about the growth for future.It is just our savings and you can withdraw anytime if you are in need without the intervention of third parties but through exchanges you have to go through all the KYC process also but going DCA is good if you are earning and have interest,faith and understanding about Bitcoin.
As in he should in every 4 years be taking 50% of whatever total amount plus profit till it gets to the 16years he planned. At least in worst case scenario this method could save him something reliable to fall back onto.
Taking 50% where? I don't understand what you mean.
Do you mean selling 50% of the investment every 4 years? What is he supposed to do with the money? Wait for a bear market to buy more bitcoin? It's a retirement plan, so he probably wants the money to remain not taxed until he starts spending it and he doesn't want to pay exchange fees every few years. Your strategy would work only if bitcoin followed 4 year cycles for the next 3 cycles.
I'm generally confident in myself regarding Bitcoin; I don't believe that it'll burst in the upcoming years, but 16 years isn't a short time period. Throughout all these years, the market would have had an abundance of ups and downs that could lead to a possible sale or the abandonment of the initial plan.
16 years of saving 20% of his salary into BTC may be a wrong and risky move because of the uncertainty. I feel he should not dive into this if the saving is really towards retirement.
Sincerely, I don't see nothing wrong with the plan to put 20% of the employee's pay into bitcoin over a 16-years period.Can it, however, afford to lose it? I don't believe that because the investment is made in anticipation of retirement and the goal is to spend the money after retirement or have plans for it.I would counsel him or her to spread out his or her 20% savings among a variety of reputable investments rather than only Bitcoin.
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I will also suggest that he can do like 5% in BTC for the duration of 16 years(Take the interest as often as possible) In my own opinion,20% is too high. However, if the retirement plan stated above is not available in his workplace then he should invest 15% out of the 20% in a more secure investment because he's saving towards retirement while 5% goes into BTC.
Your idea is not bad, but if he or she wants to take profit often, I think it is also good to go in that 20%, so that the profits he or she is making from the Bitcoin investment will go to other savings.but seriously According to the history of Bitcoin, it has proven to be a good investment since its existence, but the issue is that nobody knows what will happen in future,and that is why many experts are always warning new investors to invest what they can afford to lose.
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