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Topic: Bitcoin as a Retirement Account - page 4. (Read 22749 times)

sr. member
Activity: 980
Merit: 252
August 21, 2018, 02:15:44 AM
At a comfortable old age, you need to buy a bitcoin right now. This is really an occasion to reflect on your future.Now I'm thinking about what to give to my niece on my birthday) And I was visited by the idea of buying bitcoin). She still does not understand what it is but when she grows up she will greatly thank me
newbie
Activity: 112
Merit: 0
August 21, 2018, 02:03:50 AM
My advice: Do not depend on it. Specially for the older people, don't invest your retirement on btc.
well agree also for my own opinion ,,becuase like this moment almost cryptocurecy price are also decreased so that,if incase to need due to emmergency situation how could to say the that token to earned will be a good value dispite you know will be lower in the market due to some reason..
newbie
Activity: 23
Merit: 0
August 21, 2018, 01:53:43 AM
What I'm wondering here is how to ensure that Bitcoin prices are always high.
sr. member
Activity: 1092
Merit: 255
August 21, 2018, 01:14:01 AM
I would say bitcoin is perfect for investing. we know bitcoin grew in 2009 the price was only 0.01 $, see now bitcoin is priced at $ 6k. maybe in 2022 bitcoin can reach 100k usd Smiley
legendary
Activity: 3248
Merit: 1179
August 20, 2018, 11:42:29 PM
It is a smart decision to use bictoin as your retirement property because the value of the bitcoin will increase faster than you send your retirement money to the bank for your old age.

Retirement account is the most important in our life for us to be comportable when we get older. And for me it's much better if we invest it with assurance. Being a part of bitcoin is make our life better but nowadays it is not already proven that it's better to be a retirement account.

Retirement account is important as kids are, and grandkids. We spoke about saving in bitcoins for yourself, for them, and who ever started to collect and store bitcoins on a side for future use is in big plus now, this topics are from 4 years ago.
Bitcoin can provide financial stability in the future, in many topics we discussed about how much you need to have for future, it's only 1 bitcoin. 1 bitcoin can reach 1 million dollars one day, everything more than that is extra and makes financial future safer, but with 1 bitcoin you can have retirement one day, or you can give it to a kid that will be able to do a lot with that 1 btc one day.
Bitcoin is great investment for the future. In just couple years bitcoin price raised a lot, in next couple years to 10 years price can grow even more, that's why investing in bitcoin and saving them for future is great decision for anyone who dare to so it.
newbie
Activity: 177
Merit: 0
August 20, 2018, 11:06:35 PM
It is a smart decision to use bictoin as your retirement property because the value of the bitcoin will increase faster than you send your retirement money to the bank for your old age.

Retirement account is the most important in our life for us to be comportable when we get older. And for me it's much better if we invest it with assurance. Being a part of bitcoin is make our life better but nowadays it is not already proven that it's better to be a retirement account.
newbie
Activity: 98
Merit: 0
August 20, 2018, 10:31:48 PM
It is a smart decision to use bictoin as your retirement property because the value of the bitcoin will increase faster than you send your retirement money to the bank for your old age.
full member
Activity: 504
Merit: 100
August 20, 2018, 10:16:20 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.


That is still risky. Why not just do it by yourself? You can't assure that your employer that he don't have the key to your address. It would also be easy for him to make a fake a hack incident if he wants to. The best safe thing is to receive it first and then transfer it right away to an address that you will never touch.
newbie
Activity: 114
Merit: 0
August 20, 2018, 09:45:11 PM
It's a good idea, maybe some people are willing to accept it, but the future of Bitcoin is still full of uncertainty. When you retire, if your retirement account is full of Bitcoins, it's possible to become rich or worthless because of the disappearance of Bitcoins. Realization.
newbie
Activity: 196
Merit: 0
August 20, 2018, 09:32:00 PM
Yes, Bitcoin indeed is a great way for you to build to retire. Anyone with or without work outside can have this and retire early because of what can Bitcoin give as a source of income.
full member
Activity: 406
Merit: 110
August 20, 2018, 09:09:33 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 have a bitcoin wallet address which is exactly for this purpose. There isn't much in it but it i constantly keep adding to it whenever i earn some here and there. My aim is never to touch this until i retire. Hopefully this will be enough to live comfortably and take care of my family when that day comes.

I'm quite excited for what the value of bitcoin will be then.
member
Activity: 490
Merit: 14
August 20, 2018, 09:08:14 PM
the salary of a retired employee must have compiled it so well that we plant it in order to increase the amount of salary we have
hero member
Activity: 1190
Merit: 500
August 20, 2018, 08:55:40 PM
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..
jr. member
Activity: 44
Merit: 1
August 20, 2018, 08:47:45 PM
I am amazed to see that many people are not showing enough confidence in bitcoin as retirement plan.
In fact if we add Bitcoin in our retirement account , i am sure everyone will see a great value for bitcoin which will be never devalued.
Bitcoin is not like a printing fiat again and again, it has limited supply so as the demands and utilization will grow, the price will also grow so the retirement account too.
newbie
Activity: 13
Merit: 0
August 20, 2018, 08:42:31 PM
This is an obvious act of IDIOCY Grin Why would your employer do such an irrational thing? Huh Huh It is a joke when I first heard it. Because if you will retire, there are a lot of tendencies to happen. Like: what if bitcoin that time already died? It is not impossible because there are a lot of new coins on the market nowadays. Also if that happens, how could you support yourself if your salary will go to that wallet? Grin This is funny thing you know.
member
Activity: 384
Merit: 10
August 20, 2018, 08:30:09 PM
Many people make bitcoin a long-term investment or for retirement, in my opinion this is reasonable because the future prospects of bitcoin are so large that investment in bitcoin is very good and profitable.
newbie
Activity: 40
Merit: 0
August 20, 2018, 08:28:56 PM
I don’t think people would want their retirement money to be in a volatile crypto investment. We usually want to retire with our money intact for our own purpose and plan. If we retire eventually its our prerogative to do what we want with our own money.
full member
Activity: 476
Merit: 100
August 20, 2018, 07:48:56 PM
The theory is sound but I'd suggest the employee rather than the employer take aside a certain amount of money off of their salary into a crypto currency account ot a fiat account for retirement. I yhink it's far better considering you don't have to wait for your retirement to use it. It could be as an emergency fund or something.
member
Activity: 266
Merit: 10
August 20, 2018, 11:46:35 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.
It can be a good idea unless you will have $0 in your account till your retirement time because of volatility and instability of this market. And when all the prices will go down, right to the bottom.

Bitcoin and altcoins are volatile. I do not see any reason in creating the cryptos retirement account. I am more than sure that less than 1% of retired people will agree to open it.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
August 19, 2018, 03:54:39 AM
In some countries illegal Bitcoin and those who are not rich enough to use BTC. How does Bitcoin make retirement accounts?

First of all, the countries which have declared bitcoin illegal are still using it because no government can never completely ban the bitcoins. So what you need to do is to buy and hold your bitcoins in your cold wallet for your retirement. Once you are retirement, those bitcoin may may enormous price that you can't even think of. Also who knows by that time bitcoin is legal in all countries , including urs  Wink
So i think Bitcoin is the biggest saving if you can do it now.
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