Topic: Bitcoin as a Retirement Account - page 19. (Read 22728 times)

Quote from: BTCevo on May 21, 2015, 11:27:23 AM

I dont know if this guy "Chamath Palihapitiya " invested most of his funds and accepts bitcoin.

It kinda tells you something, so I pretty probably follow the same advice considering bitcoin being gold 2.0 like he seems to mention.

So for me, I`d play copy cat and invest my retirement account to bitcoin.

I would be careful with that, atleast diversify into other cryptos.

Dont put all eggs in 1 basket. Try out Litecoin ,Dash, NXT and others, they can be promising too. Just keep the risk small, because the returns will be huge.

there isn't much difference between investing in altcoin or in a random ponzi(they are good if you go out early and enter the first day of a new one), they are basically the same risky way to double or triple your income

actually i find trading alt more risky, because it is very confusing with all the alt that there in in place, if one isn't good enough in trading them he could lose himself pretty quickly

Pab

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Not the best idea.first people dont know about bitcoin,second bitcoin is to much speculative,and there is easy to lost private key.And tell me who will manage that,people themself,nothing will left for his oldage,thay will dump for fiat immediatly

GreenStox

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Quote from: GreenStox on May 20, 2015, 11:20:04 PM

Quote from: mrhelpful on May 20, 2015, 04:24:12 PM

I dont know if this guy "Chamath Palihapitiya " invested most of his funds and accepts bitcoin.

It kinda tells you something, so I pretty probably follow the same advice considering bitcoin being gold 2.0 like he seems to mention.

So for me, I`d play copy cat and invest my retirement account to bitcoin.

I would be careful with that, atleast diversify into other cryptos.

Dont put all eggs in 1 basket. Try out Litecoin ,Dash, NXT and others, they can be promising too. Just keep the risk small, because the returns will be huge.

Its true that what you said about that bold part. But for other cryptos like you mentioned before is kind of late if you just start to make the investment now because the price is already higher and may be you will get a little profit or may be wont get anything by investing in it

An investment is an investment, dont expect to make 1 million $ from it.

But a few 10-50% return is still better what many average stock market investors could get.

So definitely some opportunity here if you are well capitalized

Krang

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I would understand it would be a viable option if prices were always stable, but since the huge swings it would be a huge gamble for anyone.

I`d opt in, if it was mixed combinations though, like 10-15% into bitcoin and the remaining in other options as a retirement account.

But surely it's those huge swings that could possibly make it a very good investment? Of course its risky but you never get anywhere in business without taking those risks. Personally I'm choosing to earn and put a little into bitcoin as a savings account for the future but only an amount I'm comfortable with, but I do see the potential in bitcoin and what it can achieve in the long run so I'm fairly confident it will considerably rise in value within the next few years.

BTCevo

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Quote from: GreenStox on May 20, 2015, 11:20:04 PM

I dont know if this guy "Chamath Palihapitiya " invested most of his funds and accepts bitcoin.

It kinda tells you something, so I pretty probably follow the same advice considering bitcoin being gold 2.0 like he seems to mention.

So for me, I`d play copy cat and invest my retirement account to bitcoin.

I would be careful with that, atleast diversify into other cryptos.

Dont put all eggs in 1 basket. Try out Litecoin ,Dash, NXT and others, they can be promising too. Just keep the risk small, because the returns will be huge.

Its true that what you said about that bold part. But for other cryptos like you mentioned before is kind of late if you just start to make the investment now because the price is already higher and may be you will get a little profit or may be wont get anything by investing in it

GreenStox

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Quote from: mrhelpful on May 20, 2015, 04:24:12 PM

I dont know if this guy "Chamath Palihapitiya " invested most of his funds and accepts bitcoin.

It kinda tells you something, so I pretty probably follow the same advice considering bitcoin being gold 2.0 like he seems to mention.

So for me, I`d play copy cat and invest my retirement account to bitcoin.

I would be careful with that, atleast diversify into other cryptos.

Dont put all eggs in 1 basket. Try out Litecoin ,Dash, NXT and others, they can be promising too. Just keep the risk small, because the returns will be huge.

techgeek

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I dont know if this guy "Chamath Palihapitiya " invested most of his funds and accepts bitcoin.

It kinda tells you something, so I pretty probably follow the same advice considering bitcoin being gold 2.0 like he seems to mention.

So for me, I`d play copy cat and invest my retirement account to bitcoin.

GreenStox

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Activity: 1148

Merit: 252

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I would understand it would be a viable option if prices were always stable, but since the huge swings it would be a huge gamble for anyone.

I`d opt in, if it was mixed combinations though, like 10-15% into bitcoin and the remaining in other options as a retirement account.

Prices will be more stable once the economy gets bigger.

Why are there those swings? From fear.

If the economy gets bigger, then people would fear less, and they would not sell their BTC at every single fearmongering.

mrhelpful

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I would understand it would be a viable option if prices were always stable, but since the huge swings it would be a huge gamble for anyone.

I`d opt in, if it was mixed combinations though, like 10-15% into bitcoin and the remaining in other options as a retirement account.

GreenStox

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Activity: 1148

Merit: 252

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Quote from: BTCevo on May 18, 2015, 10:36:23 AM

Quote from: GreenStox on May 17, 2015, 04:56:11 PM

Quote from: BTCevo on May 16, 2015, 08:05:49 AM

Quote from: GreenStox on May 17, 2015, 04:56:11 PM

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Well indeed, I`ll buy 2-3 Bitcoins in a couple of days, the price seems fairly stable, and it stabilized around the 200€ mark, i dont think it will go lower.

I guess it will be stable for just in a few days more and hope after this it will going high not dropping. And buying 2-3 bitcoin directly is not a best option because you didnt even know what is gonna be later and better wait for a little bit low then you buy or earning first

Thanks for your worry but i`m a bit hesitant, i already own a few bitcoins, and i`m not sure if it would want to put more egg in this basket.

I`m also looking for DASH and Shadowcash, they look promising

If you are going to do some altcoin trading, better stop your buying, I dont think you will get profit if you buying that much bitcoin, but for altcoin trading you will get more compare to your buying but there is a risk for dash or shadowcash is going down too. Think carefully before making your choice Grin

Risk management? Allocate like 0.5% of the portfolio in it then you down care about failing it.

Also allocate the % based on their risk %, in more risky currencies alocate less % and in stable ones alocate more.

BTCevo

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Quote from: BTCevo on May 16, 2015, 08:05:49 AM

Quote from: Amph on May 16, 2015, 08:43:38 AM

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Well indeed, I`ll buy 2-3 Bitcoins in a couple of days, the price seems fairly stable, and it stabilized around the 200€ mark, i dont think it will go lower.

I guess it will be stable for just in a few days more and hope after this it will going high not dropping. And buying 2-3 bitcoin directly is not a best option because you didnt even know what is gonna be later and better wait for a little bit low then you buy or earning first

Thanks for your worry but i`m a bit hesitant, i already own a few bitcoins, and i`m not sure if it would want to put more egg in this basket.

I`m also looking for DASH and Shadowcash, they look promising

If you are going to do some altcoin trading, better stop your buying, I dont think you will get profit if you buying that much bitcoin, but for altcoin trading you will get more compare to your buying but there is a risk for dash or shadowcash is going down too. Think carefully before making your choice Grin

Chef Ramsay

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Quote from: The Sceptical Chymist on May 15, 2015, 11:51:16 PM

Quote from: BTCevo on May 16, 2015, 08:05:49 AM

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Holy mother of Christ, your post made absolutely no sense. Read it, and read it again there, Mr. umaOuma. I don't mean any offense, but I see this bottom-feeding, t-shirt dribbling nonsense all over bitcointalk and it makes me wonder what the major demographic is here. 16-28 year old tard-blaster from a country where the roads aren't paved and executions are carried out in the town square, I believe. Am I warm?

it's because of the signature campaign, there are many no sense post lately all over the place, everyone is carrying one now, i think it's getting out of control, that post is pure spam worse than being off-topic

The Pharmacist's take on the post was pretty funny but the post did have value in that these sig campaigns want repetition of their brand by positive, informative posts. So, some of these posts are a little on the bland side and not worthy of being placed in a PhD thesis paper on computer science but it was conveying an opinion on the concept of whether to buy or not. This more this market and consequentially this forum, you're going to get a lot less super nerds w/ extensive knowledge on the intricacies of tech and more normal commentary and opinion. We'll just have to live w/ that as the new norm. I'll take plenty of this if had the luxury of being rid of that demented troll that busts out new sox a dozen times a day and posts disgraceful pics and such.

GreenStox

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Quote from: The Sceptical Chymist on May 15, 2015, 11:51:16 PM

I don't think its an good idea to have an bitcoin as a retirement account as the future of bitcoin is still blank. We don't know whether it will replace fiat or not but i would prefer to invest in some pension plans which would pay me assured amount of money monthly rather then going for bitcoin retirement account.

Nope, I guess you are wrong. For now of course it is still blank because we can't predict the future but why dont you start investing now to craft that future? Altough bitcoin can't replace the fiat we still can earning through it. For now 1 bitcoin is $200++ and may be in the future the value will increase again and it will be go higher too. If you going to invest now may be it is not too late but you dont want to invest its your choice

Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Well indeed, I`ll buy 2-3 Bitcoins in a couple of days, the price seems fairly stable, and it stabilized around the 200€ mark, i dont think it will go lower.

I guess it will be stable for just in a few days more and hope after this it will going high not dropping. And buying 2-3 bitcoin directly is not a best option because you didnt even know what is gonna be later and better wait for a little bit low then you buy or earning first

Thanks for your worry but i`m a bit hesitant, i already own a few bitcoins, and i`m not sure if it would want to put more egg in this basket.

I`m also looking for DASH and Shadowcash, they look promising

Amph

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Yes this is the best time to invest in bitcoins as the prices are low so if you are thinking of earning good profits in future then you should invest in bitcoin at present. And if you are worried about the future of bitcoin then i guess its value will reach to a high level in coming future.

Holy mother of Christ, your post made absolutely no sense. Read it, and read it again there, Mr. umaOuma. I don't mean any offense, but I see this bottom-feeding, t-shirt dribbling nonsense all over bitcointalk and it makes me wonder what the major demographic is here. 16-28 year old tard-blaster from a country where the roads aren't paved and executions are carried out in the town square, I believe. Am I warm?

it's because of the signature campaign, there are many no sense post lately all over the place, everyone is carrying one now, i think it's getting out of control, that post is pure spam worse than being off-topic

BTCevo

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