$50 (out of $500) isn't a risky investment. The person is on a safe side as far as "investing what you can afford to lose" is concerned. Not sure though how this will work on the current market. I bet he would be disappointed with the market today if he had invested late 2017.
He's better off trading daily as it is more profitable in the current market. It's what would earned him reasonable profits. Hopefully the market improves for long-term investment.
Topic: Bitcoin and retirement - how do you see your future? - page 5. (Read 2185 times)
This is actually one of my biggest dreams. I'm retired only in my home as a hobby to deal with them. But, unfortunately, we have eliminated those opportunities one by one. And we can not get back either.
Just assume you got some bitcoin and suddenly government ban it what would you do?. You'll lose your money. Its just a risky investment. You're idea is good but not acceptably. This is actually one of my biggest dreams. I'm retired only in my home as a hobby to deal with them. But, unfortunately, we have eliminated those opportunities one by one. And we can not get back either.
I think its a great idea but little bit risky. Since we don't know how long bitcoin work and how long it stay. Government, Banks, haters, hacker, all are trying to take bitcoin down. If government can ban the use of bitcoin they can do anything. For me it is good idea, put your retirement with bitcoin. It's give you a big profits someday but the problem is, when it come. We can't exactly penpoint the future but if you are a risk taker then go for it.
This is actually one of my biggest dreams. I'm retired only in my home as a hobby to deal with them. But, unfortunately, we have eliminated those opportunities one by one. And we can not get back either.
I think its a great idea but little bit risky. Since we don't know how long bitcoin work and how long it stay. Government, Banks, haters, hacker, all are trying to take bitcoin down. If government can ban the use of bitcoin they can do anything. 
Savings for your future is the right thing to do. For me, I can't say that I will put my money in bitcoin because no one knows if it will run in 20 years or more. What if not?
if we are not sure whether bitcoin will last 20 years or more then don't invest all of our money into bitcoin. but I am sure that bitcoin will remain in 20 years or more, even many countries will use it. if that does not necessarily make investors sad and lose because bitcoin is their daily work. 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?
Well for me, as long as Bitcoin is alive and kicking I have the chance to have a good retirement in the future and I can see that from now if only if. As a less fortunate in the society I need to to have all the basic needs for me and my family as you know that life is so hard here in my country. I am actually a college dopped out and what I did whith my Bitcoin earning is that I spend it to build a house that could protect us from frequent typhoons. If only I am a wealthy individual I will surely be hoarding Bitcoins for future purposes. 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?
For those who are pensioner they should also come to crypto currencies and those who are near to retirement they should do invest in crypto currencies and takes their shares on regular basis. Crypto market is easy for investment for survey and in a few days we can know how to trade how to invest in this sector so i believe that if you are interested in crypto you should not waste more time.
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 here because we can do only the affordable for us to lose so we can easily accept that situation here so better to risk here like business in real life actually for me even they spread FUD or something bad about bitcoin still we need this in life that's why this is non-stop
That's true we don't know when this will last and we should be careful in investing as this has high risk. Invest only a portion of your savings in bitcoin to make sure that whatever the result in the end you still have money for your retirement.
Savings for your future is the right thing to do. For me, I can't say that I will put my money in bitcoin because no one knows if it will run in 20 years or more. What if not?
This is actually one of my biggest dreams. I'm retired only in my home as a hobby to deal with them. But, unfortunately, we have eliminated those opportunities one by one. And we can not get back either.
If you retire without savings, that means disaster. But if you invest money in bitcoin and HODL for a certain period of time until the profit is good, you can smile enjoying your retirement. In conclusion, investing in bitcoin because bitcoin will provide economic solutions, it doesn't need to be too big but enough to enjoy old age. 
Whatever you are thinking and have decided, is not a Bad idea. But a little thing is, You shouldn't strongly expect that Cryptocurrencies Would make you profitable as your friend has gotten That's Because of Crypto Currencies as like unpredictable. Well due to your amazing money management, I would like to support your idea.
But don't forget to keep save something as Real life backup
But don't forget to keep save something as Real life backup
I think that is a really great idea. In my opinion, there is two kind of profit. At first, anyone can save their money in safely. On the other hand, they can earn a profit from it. The future of bitcoin is very bright and your investment becomes a big amount in the future. So Bitcoin and retirement are better than any other future plan.
I doubt that by that time bitcoin will remain the top coin most likely someone will cross it
I think that to retirement I will synchronize a number of bitcoins and I hope that its price will increase by that time
This is actually one of my biggest dreams. I'm retired only in my home as a hobby to deal with them. But, unfortunately, we have eliminated those opportunities one by one. And we can not get back either.
it really need time to realize it.many people want to retire and enjoy their live.but it need hard struggle and our sacrifice to do this.
We all know that bitcoin and other cryptocurrency is our future. It is in demand now and the future. I think that the future of money real life I believe in this way, and the world at large a new value.
Crypto market has a huge potential of growing. And that people invested last year was very lucky because he involved the biggest bull run of bitcoin ever.
I believe in the future of bitcoin with my retirement around it having to hold my bitcoin for a long time I believe whatever I need to enjoy retirement bitcoin has it all with enough investment growing, even if it fall it will rise because no market prizes is ever stable but I trust the future in it am doing this because retirement in my country is not just reliable.
This is actually one of my biggest dreams. I'm retired only in my home as a hobby to deal with them. But, unfortunately, we have eliminated those opportunities one by one. And we can not get back either.
Im not sure if bitcoin will still stay longer now. My future in bitcoin is ready to let go but i would not quit in cryptocurrency because theres so many coins that have the possibility to rise other that bitcoin. Maybe it is the end of bitcoin but it is the beginning on crypto to grow more.
I don't think this is the end of bitcoin, for now bitcoin price is just falling not ending, i don't want to think that now is the end of bitcoin ,we just need to wait until bitcoin will recover again and we earn again our profit from it.
I agree with you. bitcoin and the other coin can give us a big money for retirement and we can retire without worried about finances. as long as we can follow the cryptocurrency journey and we are still trying to collect more and more profit, then in the future, we can have much money which means we can retire in anytime we want. I see that if I can still in the cryptocurrency, I can make a lot of money like other people so I see that I have a good future and this makes me wants to collect more money from crypto.
I agree with you and disagree at the same time, ethereumhunter!
Sure, you can develop a solid retirement strategy and saving money for your future for sure has plenty of benefits.
Cryptocurrencies as an investment can indeed give us money for retirement, unless the road is bumpy. And if it is (and it may be), your night have to spend your retirement on social security benefits only.
First of all, if you want to have an enjoyable old age, start earning and investing, planning, strategizing. And when you do that, diversify. That not only means buying different coins, but also saving money in different currencies (that is worse thinking of, even if you decide only to save small amounts.)
And if you can’t do that by yourself, hire a professional financial planner. He will also help you calculate the amount you would have to save for a comfortable life.
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