Topic: Bitcoin and retirement - how do you see your future? - page 17. (Read 2163 times)
For me, as long as you still have secular job, just continue working. And make bitcoin as your part time. Yet when you see that your earnings in bitcoin surpassed your salary then start building bitcoin investment to retire soon. Atleast you will come to see the stability of what you entered to using bitcoin.
bitcoin established a good reputation in the cryptomarket and also many huge investors sees bitcoin as alternative form of investment so as long as bitcoin is there use that opportunity to invest and save. Also let us do not limit this topic to bitcoin it is better to say that crytocurrency.
it's a good strategy to put aside some of your income in cryptocurrency.However, what happened in 2017 won't happen again (from my perspective) . people easily made 5-10x from investing in one or two coins . Nowadays, it's risky to invest unless you know when to enter a trade and when to take your profits.
Well as for me, it is really a wise move to diversify your portfolio, like investing some into crypto while the other part would be invested in the bank as well, because there is no assurance to what will really happen in the future so better be ready for anything.
I still believe that greater bull market will happen in the future, this may not happen this year but soon people will come and adopt the system of cryptocurrency. Investing on this market in long term is good and profitable, you can put some of your retirement fund in cryptomarket, take the risk and see what will happen at least 5years of holding.
it's a good strategy to put aside some of your income in cryptocurrency.However, what happened in 2017 won't happen again (from my perspective) . people easily made 5-10x from investing in one or two coins . Nowadays, it's risky to invest unless you know when to enter a trade and when to take your profits.
Well as for me, it is really a wise move to diversify your portfolio, like investing some into crypto while the other part would be invested in the bank as well, because there is no assurance to what will really happen in the future so better be ready for anything.
I still believe that greater bull market will happen in the future, this may not happen this year but soon people will come and adopt the system of cryptocurrency. Investing on this market in long term is good and profitable, you can put some of your retirement fund in cryptomarket, take the risk and see what will happen at least 5years of holding.
Well if you think that will work then it's fine. For me, the main thing to think about before investing is a nest egg or an emergency fund to fall back on in cases of dire need. It might take a while for you to withdraw your holdings. If you have these funds ready then i guess a fixed percentage will be fine to start investing in.
I would agree to the many people saying that it is not recommended and really risky - you are risking you and your friend's future easily in a wrong decision.
Only put in money and invest a percent of your money to cryptocurrencies which you can afford to lose, I would still stick some money to traditional pension aside from the investment portfolios if I were you.
Only God knows what can happen, bitcoin may soar or may fail; but whichever, at least you have assurance with your finance in retirement.
Bitcoin is very unexpected.
Only put in money and invest a percent of your money to cryptocurrencies which you can afford to lose, I would still stick some money to traditional pension aside from the investment portfolios if I were you.
Only God knows what can happen, bitcoin may soar or may fail; but whichever, at least you have assurance with your finance in retirement.
Bitcoin is very unexpected.
it's a good strategy to put aside some of your income in cryptocurrency.However, what happened in 2017 won't happen again (from my perspective) . people easily made 5-10x from investing in one or two coins . Nowadays, it's risky to invest unless you know when to enter a trade and when to take your profits.
Well as for me, it is really a wise move to diversify your portfolio, like investing some into crypto while the other part would be invested in the bank as well, because there is no assurance to what will really happen in the future so better be ready for anything.
it's a good strategy to put aside some of your income in cryptocurrency.However, what happened in 2017 won't happen again (from my perspective) . people easily made 5-10x from investing in one or two coins . Nowadays, it's risky to invest unless you know when to enter a trade and when to take your profits.
Well as for me, it is really a wise move to diversify your portfolio, like investing some into crypto while the other part would be invested in the bank as well, because there is no assurance to what will really happen in the future so better be ready for anything.
it's a good strategy to put aside some of your income in cryptocurrency.However, what happened in 2017 won't happen again (from my perspective) . people easily made 5-10x from investing in one or two coins . Nowadays, it's risky to invest unless you know when to enter a trade and when to take your profits.
bitcoin for your retirement day is not a bad idea.
as long as i know, cryptocurrency has been increased over the years.
if you plan to save bitcoin for your future, the value of your investment will be increased because you save in bitcoin.
as long as i know, cryptocurrency has been increased over the years.
if you plan to save bitcoin for your future, the value of your investment will be increased because you save in bitcoin.
Yes we don't know if crypto will stay for so long but even there's no assurance here like it turn to not well anymore still we need to take the risk...
To this you are thinking or considering, I would say I think cryptocurrency would stay on because technology is getting modernized daily and it needs more easy way of financial transactions. I would rather you consider not invest everything you have and expect %100 growth in a week or loaning money to invest.
I don't think that you can expect the rate of growth to be steady, especially not anywhere near the 2017 growth rate because that was growth in the middle of a bull market - of course that is going to be completely over the top.
However, using bitcoin as a way to store your wealth for your retirement is actually a great idea.
Saving fiat for retirement, in a bank is completely nonsensical given inflation and the peanuts you get in return as interest. You're losing a lot of value overall. Therefore I would definitely save some of my personal wealth in bitcoin for the long run, if that also means retirement.
However, using bitcoin as a way to store your wealth for your retirement is actually a great idea.
Saving fiat for retirement, in a bank is completely nonsensical given inflation and the peanuts you get in return as interest. You're losing a lot of value overall. Therefore I would definitely save some of my personal wealth in bitcoin for the long run, if that also means retirement.
I came across a very nice experiment of one of my compatriots. He started to put up around $ 50 a month for pension. I will add that pensions in my country are low.
Description of the experiment:
"What is going on?
One of my many areas of interest are cryptocurrencies. There is a good chance that you have heard about bitcoin. A smaller chance that you know litecoin or dogecoin. If you want to know the technical side or economic cryptocurrency - use google. For the needs of my retirement, it is enough to know that cryptocurrencies act as cash in a modern version. They have their value (they are listed on the stock exchanges, they have their course), they can be safely stored, they can be sent immediately to any distance, practically free of charge and - with a little effort - they are anonymous. And they are today at the initial stage of development. Everyone who touches them is still an early employer, and this means that - with a high probability - a long-term investment in cryptocurrencies will be very profitable. I chose 4 cryptocurrencies for my retirement basket and gave them percentages indicating their presence in the basket. When making my choice, I based my own - already several years - experience in the cryptocurrency industry, the capitalization value of a given cryptocurrency (market cap) and the features that distinguish it from other coins on the market. And so I chose:
How much do I put aside? I did not want to set any fixed amount. Because you know - inflation, fluctuations in financial markets, etc. ... So I decided that the value of a monthly investment will depend on the minimum wage in Poland. In 2017, it is an amount of $ 540. And every month I invest 10% of this amount, that is 50 $. "
He has currently invested $ 1,600, and the rate of return since early 2017 is 1,600% = $ 27k.
It's a great idea, right?
It is a good experiment but it is also a risky one, many of those investing in cryptocurrencies can afford to lose their money if something goes wrong but it seems your compatriot will really need that money in the future since he is thinking of this as a retirement account and this means that under the wrong circumstances your friend may panic and sell at a low price and lose most of his profits. Description of the experiment:
"What is going on?
One of my many areas of interest are cryptocurrencies. There is a good chance that you have heard about bitcoin. A smaller chance that you know litecoin or dogecoin. If you want to know the technical side or economic cryptocurrency - use google. For the needs of my retirement, it is enough to know that cryptocurrencies act as cash in a modern version. They have their value (they are listed on the stock exchanges, they have their course), they can be safely stored, they can be sent immediately to any distance, practically free of charge and - with a little effort - they are anonymous. And they are today at the initial stage of development. Everyone who touches them is still an early employer, and this means that - with a high probability - a long-term investment in cryptocurrencies will be very profitable. I chose 4 cryptocurrencies for my retirement basket and gave them percentages indicating their presence in the basket. When making my choice, I based my own - already several years - experience in the cryptocurrency industry, the capitalization value of a given cryptocurrency (market cap) and the features that distinguish it from other coins on the market. And so I chose:
How much do I put aside? I did not want to set any fixed amount. Because you know - inflation, fluctuations in financial markets, etc. ... So I decided that the value of a monthly investment will depend on the minimum wage in Poland. In 2017, it is an amount of $ 540. And every month I invest 10% of this amount, that is 50 $. "
He has currently invested $ 1,600, and the rate of return since early 2017 is 1,600% = $ 27k.
It's a great idea, right?
I only see the future of bitcoin that I see in the future bitcoin price will be very expensive because bitcoin has a limited supply of limited and bitcoin has a very high demand that makes bitcoin will be expensive from year to year.
I also have high hopes in bitcoin that it will really make the best trademark in the near future making its price very expensive.But since bitcoin is still not yet fully adopted,i believe there is really no assurance what will happen in the future so as much as possible we have to diversify our portfolios to prepare ourselves for its best or its worst. 
I only see the future of bitcoin that I see in the future bitcoin price will be very expensive because bitcoin has a limited supply of limited and bitcoin has a very high demand that makes bitcoin will be expensive from year to year.
Without a doubt, any long term investment portfolio should have to include bitcoin in it, simply because it is a good store of value and is dissociated from the traditional banking sectors. And that's why a lot of investors, including myself, are involved in investing in bitcoin.
I would definitely say that putting away a sum of money each week or month into bitcoin, in order to save up for your retirement, is a good plan to have.
However, I would still diversify my portfolio simply because you don't have any source of income when you retire. If you don't diversify, then you're essentially relying on bitcoin to be in a bull market when you retire, which isn't always the case.
I would definitely say that putting away a sum of money each week or month into bitcoin, in order to save up for your retirement, is a good plan to have.
However, I would still diversify my portfolio simply because you don't have any source of income when you retire. If you don't diversify, then you're essentially relying on bitcoin to be in a bull market when you retire, which isn't always the case.
Just remember that Bitcoin is still highly experimental and a high risk investment. You cannot follow this strategy and think that it would be solid enough to carry you through to pensionable age. A lot of things might still happen, until your friend goes on pension. I will also adapt the strstegy a little bit, by only buying when the price is low. Do not simply buy, when you have fiat currency... wait for the price to drop and then buy.
You can keep that cash in your Bank account, until the price drop and then you buy a lot more, for the same amount.
That's true but thanks to the risk you can get a very big yes? eras the price of niesety is not high and it is falling all the time but as for me it's a good one and it will be a good price. Now I would just invest. You can keep that cash in your Bank account, until the price drop and then you buy a lot more, for the same amount.
For retirement, the bitcoin should rise much more firmly. Also, if all the moves you make are correct, you will retire. It seems difficult to continue with movements like the last one.
If i have a great numbers in bitcoin,i also eyeing on a great retirement.If you have a great numbers on bitcoin,there would be more assurance and financial stabilty.There we no worries about on how to survive in our daily life.In that matter,we can surely enjoy retirement at the specific time.Having a great retirement means not only having financial stability but also spending more quality time to our dearest loveones.
I think for me I will not choose to retired to my career to full time the bitcoin or crypto because all we know that crypto is not stable so I do not give my full trust to give up and to invest all the things that I have like my regular job because for me even the bitcoin is stable or not I will choose to have a multiple sorce of income as long as I can manage my time. It is hard to make a decision that you know you will regret. Always choose where you are secure and safe. I'm not saying that you need to be greedy but remember that you have a plans and goals to your life that want to achieve.
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