Topic: Bitcoin as a Retirement Account - page 7. (Read 22749 times)
If prices continue to rise then bitcoin can we make as a retirement account, but unfortunately it is just like bitcoin investing makes the heart feel stop because the price is like a roller coaster.
Yeah, this would not be wise. This locks you into one specific type of investment with no way to make modifications to your portfolio or take out a loan on your retirement account should you need to.
Yeah, totally not a good idea because it lock the sense of security you need from your savings when you retire. Because as you know, bitcoin sometimes drop, so that would put the risk on the savings you put so much into. So i think you should find other means for your retirement funds
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.
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.
People can always start trading in the market and those who are retiring on their job should not be worrying because they will have an alternative way of earning a huge amount of money.
I am considering similar plan... Set up college fund for my child with BTC. Hope btc to da moon and it works!
I think getting bitcoin as an retirement account Is a good thing if you have enough savings here and you are already satisfied with what you've done or what you've worked for the entire if you have enough savings here and you are already satisfied with what you've done or what you've worked for the entire time. I'm also planning this in the near future to support my own studies and independent soon I think this will be a good thing for me also
That is hard to imagine because, its value might go crazy in the near future where you may be retiring. If its stabilize then that is good but if it goes crazy, then the owner of the Retirement Account will suffer. Bitcoin might be a good Investment but as a Retirement Account, maybe there are better options. But it is not that bad to give it a try. You just have to make sure that the wallet where you are securing your Bitcoin is 100% safe.
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.
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.
If your boss is running a blockchain company, why not? But the question is what would the token/coin's worth in the future when it's time? By this time let's say that you already have a thousand dollars worth of token, but what would be the price of it after several years?
So why not deposit fiat money instead?
I am saving my bitcoin for my future business plan and this will be finance my retirement funds. I don't think its wise to just hold your bitcoin and trust your entire funds in one place. Diversify it as much as you can specially when your still young. Bitcoin is fast growing we can use our profit in building business that can make our money grow more and this is what I am going to do in a year or two.
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.
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.
This is why bitcoin is the future tbh. No shady business and no excuses! They never "lost" your retirement fund anyways, they stole it
our future needs to be decentralised
I think it's too much too risky though btc can be used as a long-term investment but I do not think it's right to use it as a retirement fund derived from our income, because then we can not control and sell it so if at any time the price falls we can not do whatever it takes to save our retirement funds, and that sounds a bit crazy
If bitcoin prices continue to rise of course we can retire, but if the price is like this now make bitcoin as the main hope is a risky thing, continued business or work is something we have to do so if bitcoin fail then we can still survive.
Yes that’s true, it’s good to invest that money when the price is going up so that you will make profit. But if your going to take such risk, then it’s best that you focus on the chart and know the price at all times. You always have to be at alert, you wouldn’t like to end up with losing such money in Bitcoin. Always check the price and whenever it goes down, you withdraw it to cut your loss. 
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.
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.
Those people who are staying at home can always work since investing a small amount will be your stepping stones to earn more profit in the future because you can always trade in the market anytime you want.
I think this is a very good proposal. From now on, every year a BTC will be deposited to prepare for future retirement!
I think when I retire, I should have no worries! Because BTC will bring huge profits!
I do not think BTC is a superannuation account, since they are quite volatile, if holding them for the accumulation of old will be very risky, maybe in a short time you will lose capital all because of the price reduction. It is my advice, not to view BTC as an asset to save, just to invest and make a profit in the fixed time. I think when I retire, I should have no worries! Because BTC will bring huge profits!
In an ideal situation, this wouldn't be a bad option to help pensioners, but the problem is that will we get a company to do that? Let's hope blockchain and its interventions reaches there. It'd be very awesome.
I disagree. Transactions may be banned or permanently disappeared. We will not be able to get back what has been lost. This is very risky. Let's say Bitcoin prices go down and retirees will get less money than
For me it not good for bitcoin as a retirement account. In fact you can see that the current market is very volatile and the value is changing as if every now and then. Do not take the risk because we need our retirement money the most.
This is good idea but I will not take a shot on this as the bitcoin has volatile in price movement and it may happen that during your retirement period the price of bitcoin will not as good as those the previous year. Too risky to gamble a retirement plan with this unpredictable investment.
If this will really work out this can be good, as a reward for those who retired they have something to spend with in their late years without having much fuss and hassle because as we all know there are lots of conflict claiming those retire's pension but with bitcoin as pension this can be good.
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.
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.
Your idea is very interesting and promising. But it requires a lot of improvements. For example, with wallets and access, withdrawal system monthly, receiving consumer loans. It seems to me that if we launched such an ICO and brought to a huge number of people, perhaps something very interesting would have happened
Are there such things as time locked transactions with a single key? Do they send the transaction with a date in the future? What happens if you lose the key the coins are destined for before you reach retirement age?
I have heard that one can make a transaction which will not confirm before a predetermined block. I am not sure about the details, but the coins will be in limbo for the time being, receiving address will be able to spend it when it gets 1 confirmation in the predetermined future.
So, in essence, one would be hoping that the wouldn't lose their private key in 30 or 40 years? That's beside the speculation as to whether or not bitcoin itself will still be around in the future? I know we all want it to be, but storing huge sums with no way to yank it out if something negative occurs, neither of those seem like especially wise decisions...
Technological developments have changed the way many parties manage their finances, including funds for retirement. As performed by Individual Retirement Accounts (IRAs), where users can conveniently manage their accounts at home.
I think this is a very good proposal. From now on, every year a BTC will be deposited to prepare for future retirement!
I think when I retire, I should have no worries! Because BTC will bring huge profits!
I think when I retire, I should have no worries! Because BTC will bring huge profits!
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