BitCoin for Retirement | Bitcointalksearch.org

chocolah29

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Quote from: staceyoh on June 28, 2017, 06:52:36 PM

Yeah I think in the future bitcoin will going to be useful for many people.
It's price will be really great in the future, so I think it is good for retirement.

Nah, not really. Even if bitcoin price will increase after many years, the cost of living will also increase. Never settle for anything less, your 1btc will not be enough for living even you're in a third world country. Right now better to invest more btc it's safer for your future.

BlockEye

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Quote from: Taskford on June 29, 2017, 09:34:48 PM

Better to invest your bitcoin to some real time investments like putting business or invest in real estate.
Eventhough you still have your bitcoin in you. Like soke bitcoim and real time investments will do for your retirement plan.
Good to have a back up plan coz we'll never know when btc gonna lose its value. Better than safe than sorry.

Actual investment were too slow profit but it's safer, the profit we can get in actual can be x3 in btc, though the risk in btc or any crypto is more higher than actual . It will just defend on us how we will handle it. It's better to have some investment like apartment or businesses made by our earning in btc or crypto to ensure our future if already can.

Taskford

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Better to invest your bitcoin to some real time investments like putting business or invest in real estate.
Eventhough you still have your bitcoin in you. Like soke bitcoim and real time investments will do for your retirement plan.
Good to have a back up plan coz we'll never know when btc gonna lose its value. Better than safe than sorry.

Schuyler

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Quote from: mornabo on June 29, 2017, 06:48:45 PM

Quote from: mamaya on June 28, 2017, 04:20:42 AM

If you are retiring in 15 years or more its well possible that 1 bitcoin can be enough to retire on even in a first world country. I wouldn't put all my eggs in one basket though and rely solely on that, I would still look at other options just incase.

I know that prices will be high in the future. But 1 btc for your retirement, I think it will be very less .. because of you after you retired. There probably will not be any big earnings coming in. So you have to prepare a lot of money for your old age

Even if a bitcoin reaches $10,000 in the future, I doubt if that would be enough to really cover all the expenses on a daily basis, especially when you are retired and doesn't have other means of income. Better still to diversify and save as much today so that you could live a more stable, worry-free, comfortable life in your retirement years, be it on a first or third world country.

ViN!

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Investing for the future is always the best move but in my opinion, saving 1 bitcoin for your retirement plan is too risky since the price of bitcoins are very inconsistent.

mornabo

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Quote from: mamaya on June 28, 2017, 04:20:42 AM

If you are retiring in 15 years or more its well possible that 1 bitcoin can be enough to retire on even in a first world country. I wouldn't put all my eggs in one basket though and rely solely on that, I would still look at other options just incase.

I know that prices will be high in the future. But 1 btc for your retirement, I think it will be very less .. because of you after you retired. There probably will not be any big earnings coming in. So you have to prepare a lot of money for your old age

Ewinsane

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Quote from: mamaya on June 28, 2017, 04:20:42 AM

If you are retiring in 15 years or more its well possible that 1 bitcoin can be enough to retire on even in a first world country. I wouldn't put all my eggs in one basket though and rely solely on that, I would still look at other options just incase.

Bitcoin can be given to people for retirement. Because bitcoin is providing a good service it is increasing day by day and the people who has hard worked in a services like army and nation security related services and so on. If they get 1 bitcoin then it will help them a future. And they will be happy from there life that people are getting the result of there hard work after retirement.

Eternu

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Quote from: ArnoldChippy on June 28, 2017, 05:22:16 PM

Quote from: lipcoins on June 28, 2017, 08:53:37 AM

Quote from: DoublerHunter on June 28, 2017, 08:01:07 AM

Quote from: mamaya on June 28, 2017, 04:20:42 AM

If you are retiring in 15 years or more its well possible that 1 bitcoin can be enough to retire on even in a first world country. I wouldn't put all my eggs in one basket though and rely solely on that, I would still look at other options just incase.

Don't settle for a low amount of bitcoin aim higher, i think 10 to 20 bitcoins will be enough after 15 years or more to build an average modern looking house because the price of bitcoin is keep on growing because of the demand that keeps on coming from the new adoptions from different people and also from the countries that are getting into bitcoin because of the potential of its financial system.

Exactly! No one can possibly feel safe with 1 Bitcoin in their wallet unless they live in such a poor country where housing and living in general constitutes nearly no expense. And even then, you don't know how that may change in the next 15-20 years so one could be in for a very rude awakening...

yes that is right 1 bitcoin is not such a big amount. even you are living in a poor country, a big saving is not more safer that a permanent income which can give you a good support. i think after retirement a permanent income that we can get from trading bitcoin and altcoin will be more good as compare to saving one bitcoin.

You are right guys, but do not forget that there is possibility of failing too. I mean there is always risk with bitcoin, that much in the future that is. We are talking about 15-20 bitcoins here, which is a lot of money. And what would happen if all your retirement in bitcoins goes to waste because of, i do not know lets say bitcoin fails and lose its worth? It is not wise to rely on bitcoin for retirement.

staceyoh

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Yeah I think in the future bitcoin will going to be useful for many people.
It's price will be really great in the future, so I think it is good for retirement.

ArnoldChippy

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Quote from: lipcoins on June 28, 2017, 08:53:37 AM

Quote from: DoublerHunter on June 28, 2017, 08:01:07 AM

Quote from: mamaya on June 28, 2017, 04:20:42 AM

If you are retiring in 15 years or more its well possible that 1 bitcoin can be enough to retire on even in a first world country. I wouldn't put all my eggs in one basket though and rely solely on that, I would still look at other options just incase.

Don't settle for a low amount of bitcoin aim higher, i think 10 to 20 bitcoins will be enough after 15 years or more to build an average modern looking house because the price of bitcoin is keep on growing because of the demand that keeps on coming from the new adoptions from different people and also from the countries that are getting into bitcoin because of the potential of its financial system.

Exactly! No one can possibly feel safe with 1 Bitcoin in their wallet unless they live in such a poor country where housing and living in general constitutes nearly no expense. And even then, you don't know how that may change in the next 15-20 years so one could be in for a very rude awakening...

yes that is right 1 bitcoin is not such a big amount. even you are living in a poor country, a big saving is not more safer that a permanent income which can give you a good support. i think after retirement a permanent income that we can get from trading bitcoin and altcoin will be more good as compare to saving one bitcoin.

BeGoods

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Quote from: mamaya on June 28, 2017, 04:20:42 AM

If you are retiring in 15 years or more its well possible that 1 bitcoin can be enough to retire on even in a first world country. I wouldn't put all my eggs in one basket though and rely solely on that, I would still look at other options just incase.

I think 1 btc would be so much less if you were expecting a glamorous life or all the necessities could be bought. If you want your life to be rich then you need more than 50 btc to be able to get a good life. Then make that target and discipline

Restmand

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Bitcoin is predicted to rise. Who knows if 1btc= $10,000 then.

I hopes it will be that price too. If will be that place i will work harder for it so that i can save money too. It is too early to retire because we need mo btc so survive our future income. Earn and earn more as long as we can afford to earn. It is better to have a savings for the future too. It will make our lives better soon.

Thule

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After 20 years i predict bitcoin will be dead

GreenBits

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Quote from: Skieleton on June 28, 2017, 01:40:15 PM

Quote from: qiwoman on June 28, 2017, 01:22:47 AM

If you want a retirement fund or if you want to secure your future then buying bitcoin or collecting it while you can is the best option for you to have a secured financial future state. Most of the people are putting their bank account savings in bitcoin because they believe that bitcoin has more potential than the interest which is very low in banks.

The only problem is the unpredictability of BTC prices. The trend is increasing, but how long? With banks is similar, we are not sure that after 20 years the bank has our money.

But, BTC usually generally uptrends, save the prolonged bull market that Gox gave us. I'm pretty sure cryptos will be a thing from here on out, banks are lining up to utilize blockchain technology, it's efficient cost wise and time wise. The level of capitalization in the cryptosystem makes me think major investors will be remiss to let the price drop to far down.It's too easy to depress/prop up the price with the low overall capitalization (even orange futures markets have more capitalization than most cryptos). You would at least most likely double up your value, as I can easily see 5000 btç, but better to invest sooner than later Wink

Weatherby

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Quote from: lipcoins on June 28, 2017, 08:39:28 AM

I think Bitcoin is the quintessential investment for retirement.
Keep your job, save to invest and watch it grow. Obviously you need to have more than just a couple of Bitcoins in order to be able to live through your old age. My advice would be to never keep all eggs in one basket since no investment is ever 100% risk-free.

If you are able to collect some coins at a good price then it will be useful as the price might reach astronomical figures five years from now and if there are other opportunities to maximize your profit as there are new promising crowd funds that would double your money within a few months and so i am hopeful that i could make a good money before retirement.

Skieleton

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Quote from: qiwoman on June 28, 2017, 01:22:47 AM

If you want a retirement fund or if you want to secure your future then buying bitcoin or collecting it while you can is the best option for you to have a secured financial future state. Most of the people are putting their bank account savings in bitcoin because they believe that bitcoin has more potential than the interest which is very low in banks.

The only problem is the unpredictability of BTC prices. The trend is increasing, but how long? With banks is similar, we are not sure that after 20 years the bank has our money.

Virman01

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Quote from: zedsacs on June 28, 2017, 12:25:40 PM

So basically, we all know that bitcoin is such an amazing crypto, it's price rises every year and we all know that after 20 year or 20 years from now bitcoin maybe would hit the million dollar mark. No one knows haha, so yeah, 1 btc would be good if u want to retire

I think to retire 1 btc it will not be enough for them, because people from the first life are good and always spoiled with money over 1 btc, maybe they will never be satisfied with only 1 btc, but it all depends from the person himself And how they determine the direction of life they live from retirement so they get 1 bitcoin.

zedsacs

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So basically, we all know that bitcoin is such an amazing crypto, it's price rises every year and we all know that after 20 year or 20 years from now bitcoin maybe would hit the million dollar mark. No one knows haha, so yeah, 1 btc would be good if u want to retire

sasaku bitbit

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I think the bitcoin is one of investing for your retirement, because with a price value of bitcoin for the future will increase rapidly and tall. maybe bitcoin for future digital currency will be made so that more and more high demand rapidly. I hope this is the right time to maintain the high price bitcoin up bitcoin

MWesterweele

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Quote from: Harlot on June 28, 2017, 08:50:30 AM

We can't really predict the future much more if the time frame is 20 years like what you said, we don't even know if Bitcoin is still being used at that time. I am also that 1 Bitcoin won't be enough to fund you for your retirement purposes even if you say it will go up 10,000$ it won't be enough without financial aid from others. From what I am seeing a retirement fund must be added periodically in your own choice as it can really make a difference once you retire.

Maybe yes. We cant predict it but as for my advice better to save for now, make everything that you can just to earn bitcoin so that someday it will be more beneficial for you it will helps you a lot.

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