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Topic: Bitcoin as a Retirement Account (Read 22728 times)

legendary
Activity: 2674
Merit: 1048
November 09, 2018, 04:25:27 AM
Not many company pay their employee with bitcoin. But i think its good if emplayee paid with bitcoin because its more safe to keep bitcoin as pension funds because bitcoin is investment itself.
It would be great if every company that will pay its employee with bitcoin they must hold an education about bitcoin privously. This education is very important for those who have never heard of bitcoin, or for those who only know cursory bitcoin. Agreed bitcoin is an investment place so everyone can save their money in bitcoin compared to just holding the money in a bank, but all we know bitcoin is very different from other investment places, cause investment in bitcoin is high risks but high profit.
newbie
Activity: 81
Merit: 0
November 09, 2018, 04:18:44 AM
A similar situation unfolds with the usual Pension Funds. The market of crypto-currency is very unpredictable and it is impossible to guarantee that at the time of retirement bitcoin will rise in price.
I think retirement by managing a bitcoin account will add value because bitcoin itself is an investment, certainly not all pension funds are in a bitcoin account. There must be  put in a bank account for everyday life, and in the case of Bitcoin experiencing a decline in value.
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
October 01, 2018, 07:43:11 AM
This is a crazy thought at the moment! Older people find it difficult to access the internet. Thus, bitcoin used in retirement could be a thing of the future, when anyone in the world can access the internet.

   You want to say that I`m crazy cause I believe that my current investment will be my pension? That I believe
more in that than in my government retirement program? I am paying for that from my salary too, from the same
salary I`m investing money in crypto-currencies. I believe that crypto-currencies will be my pension more than my
other investments.
   It`s my plan, you can call me crazy, many thinks I am. Bitcoin now is double from the price I bought first time.
I still don`t laugh, but in 10 years I think I will be the one who is laughing, others will regret cause they didn`t
believe.
jr. member
Activity: 70
Merit: 4
October 01, 2018, 07:22:24 AM
This is a crazy thought at the moment! Older people find it difficult to access the internet. Thus, bitcoin used in retirement could be a thing of the future, when anyone in the world can access the internet.
member
Activity: 420
Merit: 14
September 24, 2018, 04:55:31 AM
I don't know about the company themselves putting aside money for you. But if that is how it works then I'm up for it. But it would be better if like the money you're willing to put away will be matched by the company so there is a sort of co payment on a retirement fund. Then put a minimum tine when you can withdraw it like 5-8 years of service.
jr. member
Activity: 92
Merit: 3
September 24, 2018, 02:33:22 AM
Should not, because their prices are constantly fluctuating, until you retired perhaps the BTC is just a pile of debris, no longer worth to sell so you will lose everything.
For the short term I admit that it will be risky due to fluctuations, but for the long term, I don't think so. the development of bitcoin shows a positive thing many people around the world are interested in using bitcoin and that is the key to the future growth of bitcoin prices that will make you profitable..


This is true but you did not think about one thing. How old are people that get their pension? Retired people are over 65. Most of them are very conservative, and it will be almost not possible to convince them dealing with BTC, not fiat.
that wrong opinion i think.althoug more 65 years old, they still can use bitcoin as retirement asset.if not for them, it can used for their children or grandchild
I appreciate your post and its a great idea but when you look government policy your ideas become dull. No good response from the governments.
Fluctuation is not a problem and I don’t think it will affect the future of all investors. Those who have invested in bitcoin for long term do not afraid of the current situation of the market. Volatility and fluctuation is the nature of bitcoin but due to this we cannot leave bitcoin, because I my view it will help us in our future. Just hold and wait for some more time. You will see the results.
full member
Activity: 319
Merit: 100
September 22, 2018, 02:06:38 PM
I think that it is a far too long to predict such things but that may actually work, if you can ignore crypto news and don't let yourself check your wallets for several decades... Smiley
full member
Activity: 448
Merit: 100
September 22, 2018, 01:47:56 PM
Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age.  You have the key to the address.  You can verify the transfer on the blockchain.

No middle-men.  No funny business.  No brokers with pyramid/eyeball shaped logos.  No "oops we went bankrupt and lost your retirement."  No bail-ins.  No raising the age of retirement.

Just Bitcoin.
I do not know if this is possible for now. Maybe in the near future when bitcoin will be accepted by the government and to incorporate it with the likes of this idea. As we all know that bitcoin is not that established right now and there could be some technical problems may arise like losing private keys or compromising the digital wallet account.
Its a great idea but its bit risky. There's huge chances of losing private key. For old people its hard to remember their private key also they can lose the backup they can forgot where they place there private key's backup.
Now almost all pensioners receive a pension on a bank card - they do not forget the code from the card ...
I think if it made at least one government, the citizens would simply breathe a sigh of relief. When the country's inflation and money depreciate at an incredible rate, this is the best solution to the problem of pension funds.
member
Activity: 392
Merit: 10
September 22, 2018, 10:51:16 AM
Should not, because their prices are constantly fluctuating, until you retired perhaps the BTC is just a pile of debris, no longer worth to sell so you will lose everything.
For the short term I admit that it will be risky due to fluctuations, but for the long term, I don't think so. the development of bitcoin shows a positive thing many people around the world are interested in using bitcoin and that is the key to the future growth of bitcoin prices that will make you profitable..


This is true but you did not think about one thing. How old are people that get their pension? Retired people are over 65. Most of them are very conservative, and it will be almost not possible to convince them dealing with BTC, not fiat.
that wrong opinion i think.althoug more 65 years old, they still can use bitcoin as retirement asset.if not for them, it can used for their children or grandchild
If bitcoin is really a money of the future then I believe today's bitcoin holders will become the wealthy of society at the time. I believe we will have more time to save for retirement later
sr. member
Activity: 588
Merit: 254
September 22, 2018, 10:39:16 AM
I think not all people who had just retired will be interested in investing bitcoin because they may lose interest working to make money because they will now rely on their children who have jobs. But it will still be a good idea because it will help them to earn huge money for extra income.
Bitcoin payment is not feasible for many of the companies, till we don't switch to the crypto payment system solely this practice can not be continued. Also it is about the interest of the individual, what if someone don't like crypto to be paid as a pension funds.
Relying on parents when you are a student and on children when you are retired is basically a cultural issue. In western world there is no concept of relying on your children or any of your relatives. It happens mostly in Asian world and unfortunately things are changing there too.
sr. member
Activity: 756
Merit: 257
Freshdice.com
September 22, 2018, 10:25:37 AM
I think not all people who had just retired will be interested in investing bitcoin because they may lose interest working to make money because they will now rely on their children who have jobs. But it will still be a good idea because it will help them to earn huge money for extra income.
sr. member
Activity: 1428
Merit: 251
September 22, 2018, 08:51:16 AM
Not many company pay their employee with bitcoin. But i think its good if emplayee paid with bitcoin because its more safe to keep bitcoin as pension funds because bitcoin is investment itself.
jr. member
Activity: 82
Merit: 2
September 22, 2018, 07:48:56 AM
Still way to viable for me to consider it a part of my retirement investment portfolio, more power to you if you press it home and are successful but right now this method a risky.
Bitcoin is digital currencies and only work if you have a internet connection and PC.If you think government can give retirement funds then its impossible.
It is good idea bitcoin is the only source to make huge money in less time and that is the reason for my investment in bitcoin. I want to do many things from bitcoin earnings. I want to buy my own house, car and also want to start some business of my own in the future. My retired life will be easy due to bitcoin. I don’t care about the price of bitcoin today because I have invested for long term.
newbie
Activity: 56
Merit: 0
September 22, 2018, 05:34:49 AM
Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age.  You have the key to the address.  You can verify the transfer on the blockchain.

No middle-men.  No funny business.  No brokers with pyramid/eyeball shaped logos.  No "oops we went bankrupt and lost your retirement."  No bail-ins.  No raising the age of retirement.

Just Bitcoin.
I do not know if this is possible for now. Maybe in the near future when bitcoin will be accepted by the government and to incorporate it with the likes of this idea. As we all know that bitcoin is not that established right now and there could be some technical problems may arise like losing private keys or compromising the digital wallet account.
It would be great but as i said its a risky also it can be hacked hackers are usually targeting bitcoin's wallets anyone can make them fool and stole the coins.
newbie
Activity: 66
Merit: 0
September 22, 2018, 02:38:30 AM
Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age.  You have the key to the address.  You can verify the transfer on the blockchain.

No middle-men.  No funny business.  No brokers with pyramid/eyeball shaped logos.  No "oops we went bankrupt and lost your retirement."  No bail-ins.  No raising the age of retirement.

Just Bitcoin.
I do not know if this is possible for now. Maybe in the near future when bitcoin will be accepted by the government and to incorporate it with the likes of this idea. As we all know that bitcoin is not that established right now and there could be some technical problems may arise like losing private keys or compromising the digital wallet account.
Its a great idea but its bit risky. There's huge chances of losing private key. For old people its hard to remember their private key also they can lose the backup they can forgot where they place there private key's backup.
newbie
Activity: 31
Merit: 0
September 21, 2018, 06:11:20 AM
If really Bitcoin is popular in every country. Bitcoin can be paid in all areas of society, health or education. For countries that have developed Bitcoin to pay for social welfare benefits, it is essential.
member
Activity: 462
Merit: 10
September 21, 2018, 06:08:01 AM
If you are in your twenties right now while you are doing your regular job, it would really be great if you are also having a blockchain portfolio with you aside from saving money in your bank accounts or other insurance company. It will be timely that when you retire, your portfolio will be so mature with a very huge market value.



Good perception and advice mate. In addition blockchain portfolio would be going bigger and bigger because cryptocurrency will evolves and many industries or banks will purely accepted it in a lawful means. So with this happening might be the whole world would be recognized and regulate cryptos to make it safe from frauds and hackers anywhere in the places where we lived that patronizing crypto. In this way great holders of bitcoin who prepared for their retirement would feel great security with their stock in portfolio.

Its true, many big company right now involve in cryptocurrency industry. They developing their bussiness and trying to make their bussiness more eficient. I am believe investing on crypto for long term will be profitable
It is good idea but what about the price and regular income. The problem is this that the price of bitcoin is not constant and regular income is not possible. A person can use bitcoin for his retired life when it gives him month basis income. If there is no possibility of such things then it is also not possible to hold bitcoin for your retired life. I think it is very difficult to do so.

I think all the same it is risky to keep my pension savings in bitcoin. Everyone was fascinated by the unexpected growth of bitcoin in 2017, but everyone is very upset by his fall in 2018. Therefore, while this is not stability with bitcoin, it is better to invest in bitcoin the amount of money that it is not a pity to lose.
member
Activity: 224
Merit: 11
BitHostCoin.io
September 21, 2018, 06:02:35 AM
it's true that with the existence of bitcoin, our money can be developed by means of long-term investment, because bitcoin is a safe and good place to invest in the future.

Even we cannot see what will happen in the future, i am also believing that bitcoin is a long term investments and will surely give us huge profit once handled and manage correctly.
jr. member
Activity: 80
Merit: 1
September 21, 2018, 05:37:29 AM
If you are in your twenties right now while you are doing your regular job, it would really be great if you are also having a blockchain portfolio with you aside from saving money in your bank accounts or other insurance company. It will be timely that when you retire, your portfolio will be so mature with a very huge market value.



Good perception and advice mate. In addition blockchain portfolio would be going bigger and bigger because cryptocurrency will evolves and many industries or banks will purely accepted it in a lawful means. So with this happening might be the whole world would be recognized and regulate cryptos to make it safe from frauds and hackers anywhere in the places where we lived that patronizing crypto. In this way great holders of bitcoin who prepared for their retirement would feel great security with their stock in portfolio.

Its true, many big company right now involve in cryptocurrency industry. They developing their bussiness and trying to make their bussiness more eficient. I am believe investing on crypto for long term will be profitable
It is good idea but what about the price and regular income. The problem is this that the price of bitcoin is not constant and regular income is not possible. A person can use bitcoin for his retired life when it gives him month basis income. If there is no possibility of such things then it is also not possible to hold bitcoin for your retired life. I think it is very difficult to do so.
full member
Activity: 490
Merit: 100
September 21, 2018, 04:04:47 AM
Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age.  You have the key to the address.  You can verify the transfer on the blockchain.

No middle-men.  No funny business.  No brokers with pyramid/eyeball shaped logos.  No "oops we went bankrupt and lost your retirement."  No bail-ins.  No raising the age of retirement.

Just Bitcoin.
Lol this if very funny, I just kept on laughing while I was reading this. Here is someone that just wants to lose everything at the end :x. I don’t think any employer in his right senses would try to do such a thing and why do you think such? Having your money saved on Bitcoin is a risk and you never know tomorrow. Don’t be deceived by these enthusiasts that keeps on telling everyone that Bitcoin is the future whatsoever… it may not be what you thought.
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