Topic: Bitcoin as a Retirement Account - page 9. (Read 22749 times)
yes, I agree if bitcoin is also called pension savings. not just retired savings, bitcoin can also be used for my sudden needs. I hope, rising bitcoin prices can be stable.
You can think of it and we can do it like a cumulation or as a cover book so that when it comes to working out we can use it to withdraw money for the retirement date. When we get older we can say Bitcoin as a Retirement Account
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.
I think, that was a good idea for the retired workers/official because in times goes by bitcoin will increase it price and its a good opportunity to them, they can use it to support their needs when they got older.
If we are here on this forum, we are all convinced that bitcoin will have a great future. But at the moment it is too unstable, and then it is not known whether it will be replaced by another currency. Basing your old age on the bitcoin really seems risky.
It is risky having your retirement funds in a cryptocurrency that has an unknown future. We all know that it is doing good nowadays but we don't know yet what will be the future of bitcoin as there is too much opposition with it and even if your country decides to regulate it, there are still chances that they will ban it in the future. It depends as well on what is your age now. If you are in your 20s then you have 40 years to go. Bitcoin may be very valuable during that time or worthless. It would be better to have an alternative source of income like investing in another investment vehicle like business.
I have never thought like this but I find your thoughts worthy. I think that there is logic in your way of thinking. Who knows maybe it is going to be like you said. I m not great expert but as for me BTC has always been a good option to invest
Yes bitcoin is a good investment option and I will hold it for as long as I can and as far as it is valuable but for retirement funds, it is a no for me. It is very risky for me depending on a coin and there are too many who are attempting to get its position and when that time comes then its value would be diminishing. At least I would find a retirement fund that would somehow be stable.
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.
You are referring to have a good amount of investment after you retire to your job, well that is alright and a wisest idea you can think of since the price of bitcoins is growing as the time goes by and the coins you save will surely make you rich even if you leave your job.
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.
Well as long as Bitcoin itself still iaround in the future for a long years and of course if all the details and transaction will be transfer and if the key is in your personal add,I agree,and that would be a nice plan for a better future. 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.
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.
This is honestly a cool idea, i may even talk with my boss, he is also an crypto enthusiast. And considering that we combine technology with benefits, it simply couldn't be bather, and it is transparent to. Really good idear, congratulation 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 we are here on this forum, we are all convinced that bitcoin will have a great future. But at the moment it is too unstable, and then it is not known whether it will be replaced by another currency. Basing your old age on the bitcoin really seems risky.
Are you not afraid of the risk of BTC will collapse? I do not dare to hold the BTC for a few dozen years, I can only hold them for a few months or a year, then convert to cash and use. The Crypto market can not predict what they will be and how they will be in the future.
I have never thought like this but I find your thoughts worthy. I think that there is logic in your way of thinking. Who knows maybe it is going to be like you said. I m not great expert but as for me BTC has always been a good option to invest
yes it could be that, because bitcoin is a way to save our money for the future and can make a retirement savings as well. by way of investing better to save our money
I think there some disadvantages in having a retirement account with bitcoin because we dont know what will happen to bitcoin in the future will it lasts forever or stay but its good also having a retirement account it will make bitcoin more active.
Bitcoin is definitely something to invest in, but at the moment it seems too unstable to guarantee a peaceful old age: the risk that it goes to zero from one day to the next seems to me too big. I would keep half bitcoin and half gold ...
It's not a bad idea if the employee is ready for this system and if the total amount of such monthly transfer is less than 2% of his salary. We know, things are still in the development phase and no one is sure what is going to happen down the road and unfortunately, if it fails then employee won't lose much if the amount is negligible. On the other hand, if it succeeds then it would be his one of the great decisions.
I don't know if it's just in my country that pays little in job that seems BTC can be a resort to save money, most of the time having job will only be enough to sustain the monthly living and nothing will be save for savings and having crypto helps me to go through this.
It's not a bad idea if the employee is ready for this system and if the total amount of such monthly transfer is less than 2% of his salary. We know, things are still in the development phase and no one is sure what is going to happen down the road and unfortunately, if it fails then employee won't lose much if the amount is negligible. On the other hand, if it succeeds then it would be his one of the great decisions.
It would be a good idea? Anyhow I'm wondering from who do have the founds this employer? Who work with bitcoin today? I heard some people in Polonia but I don't know if they continue to do this after the drop of the price of bitcoin. Then when do you find the safety that the price of bitcoin will not go 2 us dollar in your time of retirement. What do you do in this case? I personally don't believe that but who knows the future? Third why don't do this with your fiat money of your country? It is not more secure this? 
For the vast vast majority of bitcoin investors, they would have to use a service that have scheduled transfers/buys to do this.
i.e. Coinbase
With it you can schedule weekly purchases which can be sent to a multi sig vault
Although.. if you use this method, it still takes self discipline to not spend it too soon
The meaning of my post is who pay with bitcoin the salary and not where can be send the money from the work of the person. As I know no one paid with bitcoin (even coinbase itself) but with the real fiat money. So, to use bitcoin as a retirement tool must be someone which pay in this currency. Anyhow must be a way to realize this. Be paid in your country fiat money and then part of salary use to buy a quantity of bitcoin. Then those be save in a wallet. But even this it is not possible to realized because not from any country can be bought bitcoin and the fee are high. So can be expensive and not worth to do.
That's a good retirement plan one can get and enjoy. If you have invested in bitcoin today and keep it in your digital wallet until the time of your retirement, then i wonder how big it will grow by then but i am quite sure that it's gonna be a very happy retirement.
If it's possible to get barter system to currency, then why do you think it won't possible make it with bitcoin also? That's good way in future, but we must compensate fees
lol bitcoin as a retirement account is not agood idea...coz once if ur private key i guessed by hacker all your retirement will be gone...so think of it
First of all if you are going to look at Bitcoin as a retirement address, you will be creating a cold storage vault that is created offline and never enters the internet. This can be done by using for example Armory in a Live CD of Linux or Bitaddress.org by downloading the algorithm (even tho Armory is probably better). You get your private keys printed and there you have it, an unhackeable vault of Bitcoin. Now your worry is storing it in a place that cannot be robbed irl.
lol bitcoin as a retirement account is not agood idea...coz once if ur private key i guessed by hacker all your retirement will be gone...so think of it
The reason you are saying is the end of bitcoin...
There are numerous reasons why somebody would have the capacity to get back cash from their retirement accounts the way things are currently. Age is one and only motivation behind why individuals can pull back. Another issue is that there is no ensure that bitcoin will in any case be around when a man is prepared to resign.
I concur that bitcoin is exceptionally alluring today, however this may change in the following 40 years when numerous individuals who are right off the bat in their vocations (and simply beginning to put something aside for retirement) will be prepared to resign.
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