Topic: A bitcoin retirement plan with a disturbing length of years. (Read 525 times)

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.

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.

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.

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.

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.

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.

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.

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?

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 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.

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.....

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.

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.

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.

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.
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.

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.

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.

$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.     

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.

I believe that he's meaning to sell 50% of the acquired profits, if there are any, every 4 years. By doing so, he would be decreasing the risk of ultimately losing his initial investment if things take a sudden turn for the worse because he'd be claiming profit throughout the 16 years of the investment. However, there isn't any guarantee that in those four periods of four years, there'd be a profit in between to claim; we could be suffering another bear market that could last years, similarly to the one we're going through now, or in 2018–2020.

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.

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.


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. 

No I don't think it is because of trust that people won't stay with only bitcoin but however, there is a saying that a wise man doesn't rely on only one source of income to be financially stable and satisfied to take care of the family. Diversification is economically wise. Agreed that bitcoin has a level of guarantee but some other coins have survived through time so to also keep some reserve with etheruem is quite reasonable. Apart from bitcoin and etheruem, some other altcoins have also fluctuated and survived like bitcoin, variety is the spice of life as it is said.

16 years for me isn't that long. Take note that the Stock Market is existing for many years already, and there are some studies that have been conducted, and on that, it shows that if you just invested on index funds for a certain amount of years, it's 100% certain that you will get profit.

Of course stock market isn't equal to cryptocurrency because like you said, we don't know the future of it, but I'm pretty sure that many here are holding their Bitcoin for more than 5 years already, some might even go as high as 10 years, and there might be some that's higher. As for me, I'm planning to hold my Bitcoin for at least 5 years then from that, I don't know what I will do with my Bitcoins.

Well if history repeats itself, Bitcoin in 16 years might reach as high as $500,000 or a million. We don't know what can be the price of it at that time, but history shows that the trend of the price of Bitcoin is uptrend... so I guess I can say that your colleague's decision might be right, but of course there are some risks to it like the fact that we don't know what can Bitcoin be 16 years from now, and the like.

Actually both are good thoughts in terms of investment but I will suggest and appreciate the idea of OP's friend as he wants to invest 20% of his salary every month. This strategy will help him to get more returns. But if you suggest to invest in every 4 years then he might miss the bullrun.
And we should keep trust on Bitcoin because mass adoption is ongoing and it's totally decentralized and transparent. And Bitcoin already proved about it's potential in 14 years by creating history again and again.

If he saw that the price of Bitcoin could increase very high, say above $ 100k-$ 250k, he would be tempted to sell it and decide to retire early. With such high profit potential, I don't think he will wait until 16 especially when he sees huge profits right before his eyes.

16 years is not a long time because, with busy work, 16 years will pass quickly. But I wonder can he stay invested in Bitcoin for 16 years? Because most people can't wait until 16 years, especially if the price of Bitcoin can increase very much after the next halving.

He needs to have a strong hand holding his Bitcoins because he must have seen the price fluctuate frequently during that waiting time. Emotional control is needed in investing in Bitcoin so that he can hold on to the target he wants.

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.

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

If I were you, just let him do what he's planning, maybe the best thing to do is help him expand his understanding of Bitcoin, especially the things he doesn't know and really understands right now.

Because I believe that if you do that with him as a friend and for sure that you won't need to tell him about something you think shouldn't be done, but he himself will change the plans of what he wants to do. What will happen is that you are right that it is possible that the result will not be good.

I mean it wasn't actually a bad idea, for sure investing in Bitcoin for years is great and it might actually and could easily give you a huge amount of profit in the future. But what he just needs to do is just to observe the market and be updated on it, and at the same time learn how to sell and buy, its actually an advantage since he could just HODL for a long time because the money was just for his retirement so that means he could buy and sell when the price increase or drop at any moment.

He just needs to watch out on bear and bull run since if he's just going to HODL for 16 years that might not make any sense, I mean its possible that it's going to be a huge profit but it doesnt really guarantee retirement, The best way to do it is to watch the bear and bull run market, at least sell a small percentage or half of it on a bull run and rebuy again on the bear market. With that, you could easily guarantee the profit since you are taking profit every time the market price skyrocket.

If everything goes as smoothly as you think, investing and holding bitcoin is almost perfect.  but the OP's worries are not in vain as we have nothing to prove that the bitcoin price will definitely be better in 16 years.  i am not denying that the demand for bitcoin is increasing every day, but there is no guarantee that it will remain for the next 16 years.  I sympathize with the OP's concern, we will still invest in bitcoin but should plan to diversify rather than focus our entire retirement plan on bitcoin.

It's not disturbing, it's doable.

16years look like something too far in the future but it's not impossible to plan towards such period of time with Bitcoin, with many institutions getting into Bitcoin, it looks like something that can easily survive the next 20 years.

If you can't do this, that's you, please do not talk your friend out of this great plan of his, and moreover this is a plan target with just 20% of his income, I have no reason not to even encourage him.

with 20% of his monthly income, it shows that he understands the risks, be more encouraging to him instead.

Not that he doubts bitcoin, but as you also said, nothing is certain, and everything is risky, and bitcoin is no exception. I invest and have great faith in the future of bitcoin, but that doesn't mean I have to put all my faith in bitcoin alone without any backup plan. And there's nothing wrong with questioning the future of bitcoin, as it's been around for more than a decade and hasn't been legalized worldwide, suggesting that there's still a lot of risk surrounding bitcoin.
Why do people diversify their portfolios and not focus on bitcoin? They also don't trust bitcoin?

I mean it's just his choice, why you bother and you need to change his decision?

It's true we don't know about the future and what will Bitcoin looks after 16 years, but he has a control over his decision, it's not like he's programmed to buy Bitcoin every month for 16 years. If Bitcoin hacked, get banned by every countries and the price went to $1, he will rethink to keep DCA-ing Bitcoin.

He can just stop after 5 years or 10 years etc.

I don't know how big that 20% of his salary is but that's a good investment plan, because the whole 80% is available for him to use or spend on other things, I don't see anything wrong with his plan, there is only one advice that I can give someone like your friend, and that's if or when Bitcoin makes a new all time high, he should not sit on the gains because he planned for 16years accumulation, he should take profits and buy back when Bitcoin faces some difficult time again, there is no point accumulating Bitcoin and watching is shoot through the roof and you just keep staring at your Bitcoin wallet for what it has become, take profit.

There are other things he can use part of the profit for, just for a promised future sake, like other business that will run in his name?

Yhiaali3, he doesn't have to sell the 25$ of his Bitcoin in bull market, I except him to sell everything for USDT, his retirement plan will be fulfill in a short period of time doing this, after selling all the Bitcoin, he should wait for the biggest correction and buy again, it's like selling at 67,000$ and buying back at 17,000$, he will have more quantities of BTC using this method.

Sixteen years is not too much if he can be able to afford it. If investing 20% of his salary wouldn't affect his expenses, then it not a bad decision.  If he has a family it shouldn't affect the provision of the basic needs and other key expense. It should also be fund that the individual can afford to lose. It is risky to keep it that long but the benefit is commensurate with the risk. Every business has risk, recently a new government in my state began to destroy buildings that was allocated by the former government. So real estate also has risks. When I checked how much people bought bitcoin few years ago, I always wished I bought the coin long time ago. So in order to avoid regret, keep as much as you can afford to hold.    

Retirement planning involves careful consideration of multiple factors. Age plays a crucial role as it determines the investment time horizon. The financial goals should account for the risk associated with approaching retirement. It's beneficial to diversify investments to both stimulate personal growth and secure additional income sources. Furthermore, healthcare expenses, which can vary by country, must be factored in, particularly during old age. The size of one's family and any dependents should also be taken into account. Lastly, both the current and desired future lifestyles need to be considered when planning for retirement.

Holding Bitcoin all this long time may be a bit exaggerated, but perhaps from your friend's point of view he is looking for a comfortable retirement and he sees that the price of Bitcoin at that time will rise dramatically to achieve this comfortable retirement.

But in my opinion, this long period can be divided into at least four stages. He can sell 25% of his Bitcoin every four years, for example, after each halving, as the price of bitcoin is expected to peak, then he can buy a larger amount after the correction or keep the profits if he wants.

i have thought of this before but i was sound knowing bitcoin proper, now I want to tell you that Bitcoin investment that you are not interested to sell within short space of time I wish to join deducting a specific amount of my salary to purchase bitcoin everyday or months received salary, i believe that with such i will have so many bitcoin since I'm a fresher in bitcoins investment, by the time I have stayed up to three years in buying bitcoin every month i received salary for three years i would Have make a lot saves through slow buying and investing in bitcoins.

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, in my local environment some of us is discourage of bitcoins because of the negative information people has been telling of bitcoins, i know that with this forum i will understand the necessary information I need to get exploit in bitcoins and fall back to base and transpired the information of bitcoins to them in different way.

Learning is a continuous process

Although there is a risk behind this, I don't think it is the wrong investment due to the future we see in Bitcoin. This is a great plan, and I am sure he will benefit from it.

20% in BTC investment is not a poor idea, nor is it a risky investment, as you are saying.

This demonstrates to me that you did not trust Bitcoin, which is why you are concerned about investing 20% of your salary for the next 16 years.
Remember, the employer should have a fixed retirement savings account; hence, if he risks investing 20% of his salary for the remaining period, he has a very good strategy to have enough money to spend after retirement.

I can imagine that it is difficult to stay consistent with 20% of his total salary, with a journey of 16 years it is not a short one but on the way everything will not go smoothly according to plan, there are always urgent needs every month.

How much salary and lifestyle is of course that is a factor plus if they are already married and have children who are already in school of course the dependents will be even greater, usually the basic monthly salary will be very limited if someone who already has dependents in them will paying more each month for settled needs.
Emergency money must also be prepared in times of urgency so that an emergency fund will be our savior in an urgent situation.

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.

You have to see how much salary you get and what your lifestyle is. Everyone will not be disturbed if they do not have dependents every month and the salary they have is only used for themselves, not for other important needs. For those who have many dependents every month and have to pay for the needs of their wife and children, it will be difficult. setting aside just 10% of the salary is quite a lot, but sometimes there is nothing that can be set aside due to emergency needs. Buying bitcoins every month consistently with money set aside for salary is a good idea, but needs adjustments to all conditions. If it's consistently done it's the same as connecting, but with Bitcoin investments that have the opportunity to go up and provide benefits.

OP, your friend has great plans for his future and how he's preparing for his retirement.
But the question is, how can he do it consistently with 20% of his salary every month? It's hard for me, of course.

Maintaining a consistent plan is very difficult because the needs that must be met are sometimes never the same from month to month. There are times when you can't save 10% of your salary in one month, sometimes your salary is not even enough because you have to spend it on something very urgent. So I never thought about doing it regularly, but I probably will when I can save some money. Anyway the idea is good, but consistency is not mandatory because you also need to maintain a balance between needs and investment plans.

Your friends good, The years of retirement doesn't since you will have a lot of time to buy Bitcoin in different prices. There's no guarantee too that he can keep up on that straight 16 years when Bitcoin price increase to the new high. Lenght of investment is crucial when we are talking about retirement plan, I think it's better to add more years as much as possible to maximize your savings since this fund is your last source of money once you are not working anymore.

No one really knows what will happened on crypto but atleast he is just allocating 20% to bet in the Bitcoin future which means he still have money left for himself in worst case scenario.

This is really not bad if he has a plan for the monthly investment of his salary. But actually doing this for 16 years is really just too basic to just buy and hold bitcoin. Yes, this can give you a sense of security, but you won't know the details of your investment year by year until the end of the 16 years. Instead, I think you should determine the amount you spend based on how the bitcoin price fluctuates on a monthly basis. Percentage as well as volatility can be effective in looking at your monthly expenses when you want to check them.

I don't doubt the existence of Bitcoin in the next 16 years but if that 20% is the amount that he planned to use as retirement fund then I would suggest the diversification of that 20% among different assets and if he is not that much then atleast into gold so he may have something to not worry if Bitcoin is not expected grown. Or as you said taking out the profits after every cycle and invest them on other assets also good idea so it all comes down to our financial management skills.

I realized one thing in life as well as looking at this market, the fact that no one can be sure about the future of cryptocurrencies and especially the value of Bitcoin. Therefore, coming up with long-term investment plans for cryptocurrencies needs to be considered and scrutinized. It should be noted that investing in cryptocurrencies is still a risky game, and it is not the right choice for everyone. If your colleague already has a plan and hopes for a good outcome, you can think about sharing with him some notes or backup funds in your successful investment process to help him, we maximize our decisions and minimize risk.
Your idea to reduce the length of your colleague's investment year is a way to reduce risk and break down the investment money into smaller investments year by year. This can help ensure that he doesn't lose too much money in the event of an unexpected event. And also help him control his investment in a better way.

Your associate is rolling with a straightforward "Buy and Hold" Bitcoin tactic, betting on the long game of the crypto world. Yet, his 16-year wait game to liquidate is too basic, missing layers of complexity. Suggesting the division of the 16 years into four-year cycles is strategic, echoing the 'rebalancing' concept. This could cushion profits and minimize risk exposure. However, educate your colleague about the tax fallout and fees accompanying such cashouts. As in all money matters, he should consider getting an expert's opinion.

All the plan is good, a 16-year savings plan through Bitcoin investment is really good as long as Bitcoin delivers.  In a cynical mind, it is quite risky because we don't know about the future of Bitcoin.  What it will be for another decade and six years.  So I applaud your friend for his braveness if ever he walks the talk and invests his 20% monthly income in the unknown future of Bitcoin.

I don't see anything bad in his plans, the only thing i will tell him is that if the 20% which he is planning to be saving is going to affect him, then he should reduce it, don't hurt yourself because you are planning to make investment, if he can be accumulating bitcoin for 16 years then after his retirement am sure he will enough money in his wallet, because the more he keeps on buying, the more bitcoin keeps on pumping, so his money will be increasing. Am sure you are scared about what might happen in future, but some people that were scared when bitcoin was created are regretting now.

When bitcoin was created, some people bought bitcoin and after bitcoin price went up a little bit, most of then sold their bitcoin, but am sure their are some people that will be holding bitcoin since it was created up till now, even if the will be few, just imagine the massive profits they will be. If you are in this life then you are not planning to take risk then you wont really achieve anything serious. You are thinink 16 years is much and you don't know what will happen to bitcoin before then, but am sure nothing will happen to bitcoin, the only thing that will happen is that bitcoin price will have pumped hard, but am sure bitcoin have come to stay and its not going anywhere.

I see it as a good move but it is also good for one to understand the path he is going but he start regretting that at the 11th hour. We should never take a decision for us to impress people around us to see that we are making a good us of the knowledge we have rather than looking at the risks that are involved so that we can know how we can balance it to make a perfect decision. If op know that this decision is not going to affect him when the time finally arrived even though the price of Bitcoin drop to cents.

Actually this is not a bad idea, as long as he can manage money and set it aside to invest in Bitcoin, and already understands the various conditions of Bitcoin, then there's no problem. However, this is a bit risky. However, for the long term, this will be more valuable. Even though there may be pros and cons, how big is the target time and price that might be obtained. Or by taking profits every bullrun and buying back again when it is bearish. This became one of the possible strategies he thought of.

what i see on this situation is his friend can always change his approach in the years to come. since he is regularly updated with the crypto market as they have regular discussion, his strategy may change depending on what will happen in the market in the years to come. so for me, there's nothing to worry about his friend's current plan for his bitcoin. let him assess the situation later on. because what he's planning today may not be absolute. as he is also into this market, he is amenable to other options later on.

16 years isnt a very long time, I agree but it depends on what age you are when you start!

TBH those in their 20's, 30's or early 40's doing this long term retirement plan tactic is a great
move, they can esentially retire early! but for those who are older, working this plan means
they have to work until they reach retirement age to benefit from that 16 year outlook so I
would rather in my 50's work on a less than 10 year plan in order to retire early too!!

as above we have all wondered at the value of Bitcoin 10 years ago, fast forward to 2043, what
will we think/remember of todays Bitcoin values?

Most people hold their retirement funds in fiat currencies, even though fiat is prone to a high level of inflation, confiscation by the bank or government or a collapse of the financial institution that is holding the funds, but yet people save their money in fiat for longer than 16 years and do not consider it to be ridiculous.

There's nothing ridiculous about holding and accumulating BTC for 16 years, BTC gives the person control of their funds, it is censorship resistant and permissionless and as long as the person owns the keys and do not lose it, the funds will be safe, so it is a better choice for long term holdings. If you're worried about what BTC's price will be at that time, it isn't possible for anyone to know, but because the supply will continue to reduce and because of the usefulness of BTC the demand will also continue to increase, then surely the price will be good even at that time.

^That is right because that is his plan and probably he already analyzed or understands how BTC will work as an investment plan.
It is important to respect your colleague's autonomy and investment choices. If they have a good plan and understand the risks involved in investing in BTC for their retirement, it may be best to support their decision. However, if you have a good rapport with your colleague and they are open to discussions about investments, you can share your thoughts and concerns in a respectful manner. Because it is up to them to decide whether they want to consider alternative strategies or stick with their current plan.

Pretty sure he knows how to play his cards well and he's just saying it cause in relation to today's status bitcoin is a flourishing asset that sees use and investment across various fields. When things get sour for the cryptocurrency giant in the future, or if in any case a good bitcoin replacement that offers the same benefits just with added necessary bonus arrives he'd probably jump off the bitcoin wagon the first moment he gets and would switch over to a better venture immediately.

To me what he's doing is prudent and is a testament to how people should ready for when they can't earn money anymore. It's better and all to enjoy your years but you also have to realize that you're getting old, and it will come to a point wherein you won't have the chance to earn money anymore through work, and you'd have to rely on your retirement benefits. This colleague/friend of yours knows what's up and I give him props for that.

In my opinion, I think your friend can go ahead with his plans. As the years go by, he will always keep an eye on the Bitcoin trend, because if anything goes wrong, he still has his Bitcoin in control and can decide whether to sell it off or hold it. Bitcoin is not like every other centralized system that will ask you the reason why you want to sell your coin or not. Just like the banks, there is a particular huge amount you will keep in the bank, and any time you want to take it, your account manager will ask you what you want to do with the money. But Bitcoin is not like that; your friend can keep accumulating and holding it in a cold wallet, which he can also sell at any time of his choice. Perhaps he is not investing every part of his salary into Bitcoin (just 20%), but he still has the rest to do other things with, even if it's to use another 30% to carry out other investments. Then he can use the remaining 50% to solve his expenses.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Thinking the possibility of Bitcoin breaking its ATH every four year, your colleague's idea is superb IMO.  20% of his income to put into Bitcoin investment is a gigantic move to securing his future if the assumption of Bitcoin hits the mark every cycle.

For 16 years, that is about 4 cycles for Bitcoin not only he is saving money but also growing it.  I have a strong belief that if your friend is able to walk the talk then after 16 years, he might have a comfortable post-retirement day assuming that Bitcoin will continue to uptrend.


He can always wait for the 17th, 18th, or whatever year when Bitcoin breaks another ATH.

What if the 14th year happens to be the year where bitcoin experience its new ATH and the 16th year is experiencing a heavy bear losses to it's previous low. On the other hand, why don't him divide his portfolio into other outstanding Altcoins for a safe investment where he buys different coins on every pay day. Is it good to advise him that way for his own betterment?

And also to invest with huge amount of funds, using low amount of money to getting low amount of Bitcoin would yield little gain, over really, it's also depends on him his target as to what his expecting. It's be best to buy a good tangible quantity of Bitcoin because that really matters alot.

16 years is not a disturbing number of years, it's a regular number if you're thinking long term investments. If one is not certain what it could look like in 16 years then you are equally not certain how the next day or week would affect the currency.

We sometimes refer to how cheap it was 10-12 years ago, but to have been able to benefit from the price increase you need to have held for a long period of time, close to the retirement plan of your friend.

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.
Money saved for retirement purposes should be kept as safe as possible. I want to believe that the organization he currently works with has a retirement saving account for him already because this is done for all employees in my home country. In my country, there's a retirement saving plan called AVC(additional voluntary contribution), which is an additional voluntary inflow save towards retirement, here the employee can instruct the employer to deduct an X amount of money from the salary and add to the mandatory contributions. I will suggest that your friend take this type of approach because Pension contributions are largely invested in secured investments with minimal risk instead of investing his hard earn money in BTC for 16 years.

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.

Same I have also done this plan where every month's salary is set aside to bitcoin and this is no more than 20% unless there is other additional money that I get from field work, I think your friend's plan is quite sure about bitcoin by setting aside until he retires of course 16 years is a long term but if your friend is able to do this of course he is quite optimistic about doing this.

I appreciate the conclusion about your opinion to change the plan to 4 years and take only 50% of the total invested, but the plan belongs to your colleague, of course it will be different even though you have thought about the risks in the future but think you don't need to worry about bitcoin if it takes much longer to store let alone dozens of years then it will be even more valuable, I won't even doubt the uncertain future of bitcoin according to you but in my opinion bitcoin will definitely be better.

At the level bitcoin have reached setting aside 16 year accumulation plans wont ve a bad idea most especially when he is doing this with just 20% of his salary, the amount,, if mentioned could be very small that requires long term to build up a good amount that can suit his retirement plans.
Just as you mentioned that your colleague seems to know exactly what he is doing so at that he is on the right paths, but my concern is on job security since you mentioned working for a company, who can fire their worker at any time or go bankrupt, so instead of you worrying about the uncertainty in the future of bitcoin, you should instead worry about the job and its security and how sustainable this 20% salary investment plan will work throughout the whole period.

If that's the plan and if he's aware of what he is about to do then that's much better. There's no need to intervene with the plan that he's got and he may even think of you as something else if you want to go against with his plans. But I think it's all gonna depend on your approach.
If he's a guy that's willing to listen to you and knowing that both of you are bitcoin investors, no problem to suggest and voice out what you want him to say and just try it out if he'll listen to you. Otherwise, everything is fine and he's just doing the typical DCA.

Despite its 16-year history, Bitcoin has proven to be a compelling idea. If your colleague possesses a good understanding of Bitcoin, they should make informed decisions. In my opinion, they can continue purchasing Bitcoin over the course of 16 years while also taking advantage of its volatility in the interim. This approach does not involve active trading but rather long-term holding. For instance, when Bitcoin's price surged above $60,000 and subsequently dropped to $16,000, your friend could have capitalized on such opportunities. Although there is a certain level of risk involved, it is preferable if the plan succeeds. If not, they can still continue with their ongoing strategy of buying Bitcoin.

From you stand point on this you actually don't believe in Bitcoin, even though I find it weird that you here already and still have doubts about Bitcoin, despite that you are always entitled to your opinion, but this is that rare case someone from this forum comes out open to write that they had a discussion with someone else and tried talking them about their concerns on Bitcoin.

If you don't think Bitcoin would Last as long as 16yrs what makes you feel what ever alternative you have would also last that long, nothing is certain not even fiat, the world keeps advancing and before Fiat we have had other means of exchange. I think your friend is making a smart choice,the only let down I see is that he may be affecting his standard of living giving out that percentage of his salary in saving for Bitcoin depending on what the salary looks like.

I think your colleague's idea is not made by keeping any risks factors in mind, he simply made the most simplest retirement plan of saving 20% in BTC every month, and if i am not wrong, you are suggesting him to buy/invest in BTC after every four year maybe with 50% of his total savings.

If that's what you are suggesting then, i totally agree with you because in this way, your friend will be able to buy from every dip, no wonder he would not be able to get benefit from 100% dips but he would be able to increase his profit ratio unlike by his own 20% plan.

I think he preferred this plan because he is not that technical person or he did not wants to spend so much time on analyzing the market and so far, in my POV (to some extent only) if you are holding for 16 years, its like fours halvings, then analyzing the market did not matter at all.

But if he could follow the market trend and put money accordingly instead of every month then his profit ratio will increase

...to the best of my discretion, I'll say it's safe to HODL cus - the prove of reliability has been made certain through the years ... But also, that's not giving anyone a just course to place his entire skepticism - cus even life itself doesn't seem to last forever.. Though BTC might devalue, but WHATEVER HAPPENS IN FUTURE, YOUR BITCOIN REMAINS YOURS FOR LIFE!!
That being said, I don't support HODLing Bitcoin as a retirement plan... Cus 16 years is quite a long time and since he's so enthusiastic about this whole cryptography, he might end up staking up everything, without anything to fall back to. What if these usual ban extensions are being made around his peripherals and with that, VPNs are rendered useless and KYCs are forcefully imposed?? What if the value reduces to something really unbearable?? .... _{just what if??! Rhetorical!}
Having a dual thoughts is imperative which, is what I see here In Franky's sentence... MAYBE FRANKY'S right?

Sandra 🧑‍🦰

This is certainly a great plan because the percentage set for the investment is actually a percentage that most experts actually advise on when investing into bitcoin. Also the year is quite long couple with the fact that this isn’t a one time buy, the monthly buy looks exactly like someone applying the DCA method which minimizes the risk of lost because it will be quite hard to have bitcoin way below its intial value after 16 years (this has been proven by past trend of bitcoin).


This also is a better alternative because even if we believe in bitcoin’s future we are not certain of the kind of regulations or policy that would be implemented by the government in the future, and this are things that could shape the adoption process of bitcoin. So i second your suggestion of him taking the profits off after the very halving, since every halving has the potential to make each bitcoin grow to multiple times its price. This profits can be used to buy other assets that have stores of value or used to open up business(es). The profits from the business(es) can then be used again to buy more bitcoin and then same process continues on each halving. This will minimize the risk of depending on one source of retirement income

my bitcoin hoard is at 11 years and i dont plan on doing anything in the next 5 years. so 16 years is not unreasonable
for someone that thinks of the value as a retirement fund.

what you have to consider is the whole "dont risk investing more then you can afford to lose" meaning the fiat he puts into bitcoin does not need to be taken out any time soon. its nothing he requires to live/survive on right now. he can afford to live without touching it, using it. and has no need to take anything out anytime soon

as for savvi investing. yes if at every ATH people were to cash out some and then using those funds not to spend on goods/services for lifestyle stuff. but to instead buy back btc at the correction to the post-ATH low. to maximise btc yield totals more, would be of good investment strategy.. but timing what the high is or what the low is has risks and is a bit of guess work.

i personally just hoarded 90% as is, untouched for 11 years spent about 5% and 'shorted' the other 5% amount. yes i can see i could have grew alot more coin holdings by riding the 4 year cycles of shorting an ATH. but i am still happy to have just majority hoarded aswell

i might at the next 2025 ATH short 10%-20% of my hoard and buy back in at the post-ATH correction which might be 3x lower meaning it turns 10-30% into 30-60% of hoard.. but i may also do nothing again and just keep things as is. either way ill gain in the long run. i definitely wont be cashing it all out,

alot of people in hindesight after a market history can be viewed, will say "you should have done this at that time and done that at this time" but no one in the moment can know what the future will result in. no one can predict accurately the exact top of a ATH and the exact correction of a new post-ATH bottom.

as long as he doesnt need the money now. he has no need to cash out any time soon. and with each 4 year cycle hoarding reaps its own benefits of doing nothing

I do the same because i also budget a few per cent of my salary to buy bitcoin every month but in this case the difference is probably in terms of plan.
I will not see a plan even until retirement to be in bitcoin because in this case the goal to invest must have a target and my target is not that long.
It is true that bitcoin definitely requires a long enough duration but on the other hand spending 16 years with confidence without seeing anything even though it is not prohibited but this method is too extreme in my opinion.

I always remind myself that I will be here for some targets where I will sell some in ATH before and some I will wait to be higher if it is possible and wait back with corrections and some crashes that exist later.

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)