Topic: Bitcoin and retirement - how do you see your future? - page 8. (Read 2185 times)

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?

The comparison you make is bad - you are talking about investing your retirement money in bitcoin rather than spending your retirement money on vacation. The problem is - you shouldn't be spending your retirement money on a vacation in any case. Personally, I would be comfortable only with investing a small amount of my retirement fund in Bitcoin.

I do not want to retire even if I make a lot of money using crypto or any other method because:

1) We should live a lively life and do work that we enjoy. If money was only thing that mattered in life, billionaires would have taken retirement. but we still have people like Elon Musk who work very hard.

2) If I succeed in getting a lot of wealth, I would like to expand it to passive businesses and use the money earned for social work. There is no value of having surplus of anything if you do not care to share.

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.

I read at somewhere, who have Bitcoin will be richer . Maybe it will be good situation for us.

You're quite right mate, In my opinion Investing Is the good way to prepared our retirement day and before enter this activities. We must search first to be able to know how to Invest, by using buy and sell method because this crypto Investment like bitcoin Is more risky rather than stock exchange.

Yes, i agree with you, continue bitcoin if you retired, you can save your money you recieved from retirement you cannot spend it because you can use your money from bitcoin if you can already gain profit from it.

Yes, i agree with you, continue bitcoin if you retired, you can save your money you recieved from retirement you cannot spend it because you can use your money from bitcoin if you can already gain profit from it.

well for me bitcoin is not a bad idea when you're retired after all.so better save your money for the future.i continue the bitcoin because there's a chance that migth bitcoin can grow more than spent my retirement money for vacation.

The comparison you make is bad - you are talking about investing your retirement money in bitcoin rather than spending your retirement money on vacation. The problem is - you shouldn't be spending your retirement money on a vacation in any case. Personally, I would be comfortable only with investing a small amount of my retirement fund in Bitcoin.

I agree to that, when you are making investment you should prepare yourself to the worst case scenario so you will not get disappointed when it happens. It is best for you to invest or put your money that you can only afford to lose when you retire because investing is not always a sure bet because sometimes everything might change from good to bad.

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 bitcoin is not a bad idea when you're retired after all.so better save your money for the future.i continue the bitcoin because there's a chance that migth bitcoin can grow more than spent my retirement money for vacation.

I do not want to retire even if I make a lot of money using crypto or any other method because:

1) We should live a lively life and do work that we enjoy. If money was only thing that mattered in life, billionaires would have taken retirement. but we still have people like Elon Musk who work very hard.

2) If I succeed in getting a lot of wealth, I would like to expand it to passive businesses and use the money earned for social work. There is no value of having surplus of anything if you do not care to share.

If small amounts are deposited in the crypto currency, then this should be a good idea. Perhaps it will all work. However, I would advise periodically also to extract my profit and transfer it into ordinary money. It is necessary to remember that investing in the crypto currency is moderately risky. It is not excluded that in five or ten years these investments can again become the same amount as at the time of their investment, or even less. You need to be prepared for different variants of events.