in my point of view retirement means you will never working again to feed your family and i think 1 bitcoin isn't enough for your retirement even someday 1 bitcoin worth for $500k but the amount still not enough to endure the full cost of living so i think you have to get more bitcoin again for your retirement
Topic: BitCoin for Retirement - page 10. (Read 9081 times)
With 1 btc, I think the bitcoin value is unpredictable so far and there is no certainty,
If you want to retire with 1btc I suggest you have an investment for the future that there may be predictable results
If you want to retire with 1btc I suggest you have an investment for the future that there may be predictable results
Yes, something that is sure.
We cant rely it all on bitcoin.
All we can do now is make money out of it and somehow the profits will be used for another investment which will really secure the family and the children that will come.
We dont know hpw all of this will end. Better look for something into which you have the security and can pass it to the next generation.
Somehow they can make a use out of it.
Well you are with investments already, cacao/mango/coconut farming, with this i dont know the size of your investment and doesnt matter at all, those are things that will always have a market and industry is growing those production, i dont know how risky would be to invest into bitcoin for retirements purposes, but since its just 1 bitcoin the worse thing you may get is your investment grow or loose value.
With 1 btc, I think the bitcoin value is unpredictable so far and there is no certainty,
If you want to retire with 1btc I suggest you have an investment for the future that there may be predictable results
If you want to retire with 1btc I suggest you have an investment for the future that there may be predictable results
I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.
It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
I have already heard people saying that they want to join 21 BTC group so that they could enjoy a happy retired life.But i dont think that just 1 BTC would be enough to enjoy a retired life.Better try to save some more bitcoins for secured retirement life. It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
Bitcoin can be for retirement. Because when you are already retired and you don't have enough strength on traveling or in doing hard jobs bitcoin is essential to be do. Because in gaining bitcoin you don't need so much effort all you have needed is a personal computer and internet connection and your brain.
I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.
It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
Considering the economic situation of the country you painted there, I am sure the price of btc today will mean a lot to you over there which might equally not cheap to get considering the factors raised above. My contribution is that if you can afford it without altering your economic condition, then go for it and wait but don't rely and not make provision for the future again because no ones know the future and it will be better to have surplus when it comes to income than deficit.
No one know what will be the value of bitcoin 20 years from now, maybe it will be more than $10k or maybe it will be zero as a new giant crypto currency would be dominating the world by then. So it is good to keep yourself updated with the crypto world and know what is going on around you and keep your savings up to date as well.
But if you can afford, maybe accumulate like 10-20 BTC for retirement rather than just one.
But if you can afford, maybe accumulate like 10-20 BTC for retirement rather than just one.
I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.
It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
I feel you bro. My grandmother is 79 years old but he's just trying to get by in coconut farming because here in the Philippines when you retired from work, you are lucky if you have at least 5000 dollars in the bank. Thats why when you look at the lives of the elders here you will see that they've gained nothing even if they've word hard when they are in their prime. All of their salary has been spent on the studies of their daughters and sons and sometimes thier grandchildrens. Life here in the third world is hard, so I will agree that BTC is a good investment plan just keep it safe and choose your storage wisely.
I see various aspects for this question. It mostly depends on what you are going to do after your retirement? Do you have any plans to fly in other countries? or any plans to do business? If not then I think 1 BTC should be sufficient to live a simple life without doing anything. In next 20 years we will have very good environment in developed countries for the usage of bitcoin but I don't think third world countries will have that much of freedom to use bitcoins.
I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.
It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
It's a good idea to diversify your retirement fund so that not all of it is in shares or property, or whatever you are investing in.
Bitcoin is probbaly one of the best options out there, possible.
How many bitcoins do you need to retire comfortably? Probably not one. One is just too little, even with a price rise that won't be enough for a 20-30 year life after retirement if you are lucky or at least 15 years. You need around $40000 a year to retire comfortably at the least, times that by 20, you get $800k. I'd say that bitcoin at $80k each isn't out of reach at all. Aim for at least 10 btc.
Ha ha one bitcoin would be enough as from current situation to next 3 or 4 years then there will be massive change happens so you have to go with change . So keeping one bitcoin and predict for long time not a problem if you loss bit gain more . If keep more bitcoin and wait for a such long time it would not best idea for me .
How much are you expecting 1 bitcoin will cost 20 years from now? If for you that amount is enough then it is, but if you think it is a small amount for retirement then I suggest you add a couple more like 10 bitcoin perhaps.
I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.
It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
Bitcoin savings and retirement and a plan that was too far away for me while I was 18. So using bitcoin in business and gambling is my bright decision at this point
not really a wise decision to gamble with your future saving, you would only increase the chance to lose everything, if you are folllowing the original poster, 1 btc isn't enough for retirement unless you live in a world where $100k make you rich
and bitcoin increase to $100k, would be advisable to have 50 to be sure for a good retirement, but on the other hands, very few in the future will own that small amount, otherwise no distribution and adoption are possible
I think BTC saved for retirement is a good idea, however I would not bank on 1 BTC to put you in the place you want to be. Personally, I would save more than that in hopes that the price will rise and your investment today will become very profitable. I think BTC is the future and we are barely scratching the surface, so yes it is a wise investment, but you want to make sure to diversity your assets and money in fiat, stocks, gold, business, etc so that all of your eggs are not in one basket.
1 btc is really very small amount to hold as you cannot expect that price will reach in millions in future and 1 btc would be enough for you to live a good life so if you want to enjoy luxury retirement then you should have at least 100 btc in your wallet.
Right, 1 bitcoin is too small, even if the bitcoin price keeps rising, 1 btc can not guarantee retirement, 100 bitcoin I think enough to make your retirement happy, but I guess do not just invest with bitcoin, maybe you can buy some property and stock 
1 btc is really very small amount to hold as you cannot expect that price will reach in millions in future and 1 btc would be enough for you to live a good life so if you want to enjoy luxury retirement then you should have at least 100 btc in your wallet.
It seems to me that you are living a more comfortable life than others in your country having a farm of your own. If you can afford to buy more than one bitcoin, you should do it. You can even buy small fractions until you reach an amount that you are happy with. Also, keep an eye on the price as sometimes there are dips that can be used as buying opportunities. If bitcoin survives in the next twenty years and you have kept your bitcoins safely in storage, I think that would be of help toy you with your small daily expenses once retirement is upon you.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
It is not a bad idea. But at the same time you need to ask yourself whether Bitcoins will remain relevant after 20 years from now. The technology is constantly improving, and 20 years is such a long time. New technology makes the old ones obsolete, and this has been happening for the past several years.
No, it will not remain the same value for bitcoin after 20 years. I hope bitcoin price will be 5 times more at that time. If I get the retirement fund in bitcoins. I feel happy to get that and even salary also okay for me in bitcoins. Until it is been legal in your country, it is not possible to get the bitcoin as retirement amount or any legal usages.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
It is not a bad idea. But at the same time you need to ask yourself whether Bitcoins will remain relevant after 20 years from now. The technology is constantly improving, and 20 years is such a long time. New technology makes the old ones obsolete, and this has been happening for the past several years.
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