BitCoin for Retirement - page 11. | Bitcointalksearch.org

Juggy777

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Quote from: iamTom123 on June 06, 2017, 04:48:00 AM

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?

Mate what's wrong with you, and by the way what's your country, you are planning to buy one btc with all your savings and then believe it will be enough no, what I would instead suggest is take 10 - 30% of money in btc, 20% stocks 30% in equity funds till you are 50 then put them in debt funds and always keep 20% in cash. I like Bitcoin but they supplant my Fiat, not the Fiat if you get excess money then yes, but retirement funds are a bit risky according to me.

radjie

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Yes it sounds very interesting by the way we collect bitcoin from now within the next 20 time if we can collect 1 bitcoin then it can be used as and our pension because the longer I feel sure bitcoin price will increase higher than now let alone in time period 20 years from now that our age for the next year is getting older, It is a good idea to save 1 btc for the next 20 years' retirement fund.

rainingbitcoins

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Quote from: Dr.Osh on June 06, 2017, 10:18:30 PM

Well, sometimes, the bitcoin income gives, more than the salary we get from our work. Well, bitcoin is very good at the destination after retirement, because maybe you will get more money than before.

Yeah if you manage to save good amount of bitcoins then you can retire from your work early and even your bitcoins can give you luxury life in future as the price of bitcoins will be much higher in next few years.

Dr.Osh

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Well, sometimes, the bitcoin income gives, more than the salary we get from our work. Well, bitcoin is very good at the destination after retirement, because maybe you will get more money than before.

anneiS_02

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Well, I do respect the greatness of Bitcoin and I know that years from now it will be widely and freely accepted by the government. But you are thinking holding to bitcoin for retirement which is a risky thing to do.
Our leaders or Pros as may have said that it easier to earn before and harder now a days.
We can't tell how will it be broader in 20 years time. It will be okay just to have other plans before retirement.

mharz

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I think "NO" because bitcoin were famous now so why need to retire. That is only speculation, we all know that bitcoin were earn a lot of trust from every users. That's why I cannot believe that bitcoin were retire, maybe it truly continue for a long long time.

Russlenat

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for me I think it's good to invest 1bitcoin for retirement that never because we also don't know how far bitcoin can go in the future.
It is good also that you have other plan to invest like to grow cacao, coconut and mango because it is alternative seasonal income also.

Pearls Before Swine

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In a 3rd world country where you can feed a family on something like $10/day, hell yes. Bitcoin would be great to save...IF it keeps going up in price, but there's no guarantee that's going to happen. Still, signature campaigns and the like are a godsend to you people in the 3rd world. It's just unfortunate that most of you get paid to write utter nonsense in the english section here, and usually with multiple accounts. It's a great idea *in theory*. In practice it's horrible. But if you can manage to save some bitcoin, do it. I think it's got great potential for underdeveloped countries in particular.

madwica

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Quote from: andrew24p on June 06, 2017, 07:35:13 PM

Maybe in a third world country, but I would say you most likely need more for retirement in 20 years. Nobody really knows what the price is going to be but I would say on the safer side you should have more.

If you can find a job with salary of bitcoin or if the signature campaign would be stable and run for a year i think i will retire in my current job because i like to spend more time with my kiddos which i can do that today due to my full time job but if i work with bitcoin i am at home working together with my kids. I think more users will happy if that happen.

andrew24p

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Maybe in a third world country, but I would say you most likely need more for retirement in 20 years. Nobody really knows what the price is going to be but I would say on the safer side you should have more.

sasaku bitbit

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Quote from: cellard on June 06, 2017, 08:09:24 AM

Quote from: iamTom123 on June 06, 2017, 04:48:00 AM

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?

20 years is a long time for 1 Bitcoin to be enough. What do you consider "enough" tho? It probably is enough for a 60 year old to retire and never have to work again, but im not sure if you would be considered rich.

If you own 21, im pretty sure in 20 years you'll be elite. There will never be enough BTC for all fiat millionaires in existence today to own one... consider that.

If you have 21 btc, it's probably in 20 years you will URelit.itu is quite a long time so there will never be enough for Bitcoin so that all millionaires fiat exist today for one's own your future savings. but if you're in a year alone could be filthy rich as long as you focus with bitcoin, how one technical analyst with observing the movement of the bitcoin.

TGJJ

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Quote from: xuan87 on June 06, 2017, 06:42:41 PM

I think 1 bitcoin is too little for your retirement plan, we still don't know what will be the price for the next 20 years, I think the most suitable amount for retire is 100 btc, but saving bitcoin as retirement fund is a bit dilemma, we still have no idea what will be the value of bitcoin in next 20 years it could be very expensive or very cheap and hopefully bitcoin still exist in the next 20 years

100 BTC is nearly $300,000 at todays prices. You don't need as much as that to retire in a cheap country like the OP mentioned. Cheesy

You could retire on $8,000 a year in somewhere like the Philippines

TastyChillySauce00

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Quote from: catia on June 06, 2017, 06:36:29 PM

Quote from: iamTom123 on June 06, 2017, 04:48:00 AM

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?

In a word - no. Though I don't know how long you'll live (hopefully long Cheesy

) or how much you spend.

If you're thinking 1 BTC might be worth like $500,000 in 20 years, I think its very unlikely.

For me safer would be to hold various alts rather than only btc over the long run

That's like expecting something which has a high possibility of not happening. Maybe within 20 years, bitcoin could be that valuable, but, what if thing happens the opposite. Then you'll sure need to work again to fulfil your expenses while actually, you should've to enjoy your life in your retirement.
Better to keep something for your future in form of precious that always stable and steadily increasing its price overtime.

xuan87

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I think 1 bitcoin is too little for your retirement plan, we still don't know what will be the price for the next 20 years, I think the most suitable amount for retire is 100 btc, but saving bitcoin as retirement fund is a bit dilemma, we still have no idea what will be the value of bitcoin in next 20 years it could be very expensive or very cheap and hopefully bitcoin still exist in the next 20 years

catia

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Quote from: iamTom123 on June 06, 2017, 04:48:00 AM

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?

In a word - no. Though I don't know how long you'll live (hopefully long Cheesy

) or how much you spend.

If you're thinking 1 BTC might be worth like $500,000 in 20 years, I think its very unlikely.

For me safer would be to hold various alts rather than only btc over the long run

Yakamoto

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It might be worth holding onto Bitcoin for a retirement fund, but it won't be a good idea to rely on it entirely for your future retirement plan. Always diversify it with other assets. I believe that Canada allows for various precious metals to be included in an RRSP, so there's already an example.

Bitcoin is poised to do well, and that shouldn't change anytime in the near future. It's just making sure that everything goes well, no matter what happens.

Harry Callahan

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Quote from: angaper on June 06, 2017, 05:14:52 PM

However a period of 20 years seem very distant in this world of cryptos. I am not even sure that bitcoin will exist in those days as we know it today, or if it will have been replaced by a more advanced option, but I still think it's worth taking the risk.

It sure is a very long period of time and if you are planning to go for the long term make sure that you follow the market carefully with every price and make some calculations on what the future would be ,i would book my profits rather than simply sitting on top of it for a longer time.

angaper

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Fortunately you have several options to cover your retirement, and products such as cocoa will always be very profitable. Therefore acquiring 1 btc to diversify your investments seems a good idea, because in any case your future would not depend entirely on the future of bitcoin, but would be something complementary to your retirement plan.

However a period of 20 years seem very distant in this world of cryptos. I am not even sure that bitcoin will exist in those days as we know it today, or if it will have been replaced by a more advanced option, but I still think it's worth taking the risk.

Hutalar

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Quote from: iamTom123 on June 06, 2017, 04:48:00 AM

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?

Bitcoin price is going very well so I know that after 20 years the price of bitcoin will be very high and even the fund of retirement from a government will also not be that much which 1 bitcoin price will be. I will say that yes 1 bitcoin will be enough for you to keep for your retirement.

lite

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I think 1 bitcoin won't be enough for your retirement, you should buy as much as you can while the price is cheaper. i for one buy in small pieces every month/whenever i have extra cash. my goal is to reach 10 BTC, i hope i can make it there before price jumps really high.

Topic: BitCoin for Retirement - page 11. (Read 9081 times)