Topic: BitCoin for Retirement - page 12. (Read 9081 times)
Saving 1 bitcoin for your retirement isnt enough for me, buy more if you can cause the price of bitcoin now is much cheaper than 20 years later. Maybe you will be multi millionaire in 20 years with 10 bitcoins in my opinion.
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. If you want to settle for a retirement plan, I think it is best to save at least more than 1 bitcoin if possible.
Try to invest more than 1 btc. Because as what others said. Bitcoin will continues to grow its value more years to come. Im very excited when it comes. I hope that you will continue to earn and bitcoin will help you a lot.
Well, it would seem like some of us here is just paying attention to the subject and not to the complete message of the OP. Pity.
Having your cacao/mango/coconut farming would definitely do you good upon your retirement. It would seem that you already had a deep thought about it, right? Including Bitcoin in your plans is somewhat a wise choice. Imagine how much would be the value of bitcoin 20 years from now (supposing that bitcoin continued to increase). Having Bitcoin as an assistance for your farm is great and I believe that with Bitcoin, your farm will be in good hands. Be alert, however, 20 year span in Bitcoin have very high risks.
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?
Having your cacao/mango/coconut farming would definitely do you good upon your retirement. It would seem that you already had a deep thought about it, right? Including Bitcoin in your plans is somewhat a wise choice. Imagine how much would be the value of bitcoin 20 years from now (supposing that bitcoin continued to increase). Having Bitcoin as an assistance for your farm is great and I believe that with Bitcoin, your farm will be in good hands. Be alert, however, 20 year span in Bitcoin have very high risks.
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?
There is nothing wrong in your thinking,if you can afford it to buy 1 BTC and keep it safe in the next twenty years you may get some nice addition to your retirement plan.But as you know, there is always a risk that after twenty years that 1 BTC can be worth less than today or it may not have any value at all.
But if BTC succeed and become widely accepted cryptocurrency that 1 BTC might be worth a small fortune one day.
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
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. If you want to settle for a retirement plan, I think it is best to save at least more than 1 bitcoin if possible.
1 Bitcoin in 20 years it's hard to predict its price... Impossible to say the truth and you shouldn't put all your hope on it. It's too risky and dangerous as you can have a deception when the time comes and you need the money.
Invest your 1 Bitcoin now or just hold it. Collect the profit when you can, invest it in real world if possible, as you said about coconuts, mangos... Couldn't you make a business from it? Sell fruits, or try to produce any other thing from the land, this way you can have an income and build your "little empire" to sustain you on the old age.
Invest your 1 Bitcoin now or just hold it. Collect the profit when you can, invest it in real world if possible, as you said about coconuts, mangos... Couldn't you make a business from it? Sell fruits, or try to produce any other thing from the land, this way you can have an income and build your "little empire" to sustain you on the old age.
It is still 20 years from now OP, why do you have to settle with 1 bitcoin? You can earn more than that in that span of time.
As others have pointed out, 1 bitcoin is not enough unless the price went crazy high, like million dollars high.
As others have pointed out, 1 bitcoin is not enough unless the price went crazy high, like million dollars high.
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?
try to earn more and more,for the future, try to make atleast more than that, you cannot predict what will be happen someday, we cannot predict that that money we can budget it for the years to come, the goods still increasing its price and having a low demand so that the price might change in that case the bitcoin that you have been save might be fewer and it cannot be last for a long time . try to earn more. 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 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?
No. Regardless of prices (unless a bitcoin could reach $1,000,000 then yes.)
Point is that even at a $100,000 price range, you will have to divide this to let say 40 years more of you existence in retirement.
$100,000/40 = $2,500/year
$2,500/12 = $208/month
$208/30 = $6.94/day
I don't think you'll survive with just that. Also factor in inflation for the next 20 years.
If you asked the same question a year or two ago, I will not believe that bitcoin can be used for retirement.
Now, when btc price jumped so high, it looks like very possible scenario.
Now, I'm really sorry that I didn't believe more in btc.
I spend to much btc on HYIP and failed online businesses.
I could use this funds much better.
Any way, I'm now 100 % in collecting mode
Don't plan to spend anything.
Now, when btc price jumped so high, it looks like very possible scenario.
Now, I'm really sorry that I didn't believe more in btc.
I spend to much btc on HYIP and failed online businesses.
I could use this funds much better.
Any way, I'm now 100 % in collecting mode
Don't plan to spend anything.
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?
Well growth of bitcoin price is good for now, at least that is what i think. But there is no one that can say for certain how much will one bitcoin be worth in future. But i think that is good if you can, to save one bitcoin for the future. It could be worth a lot in future, and maybe even secure some good life. I will leave some bitcoin my self, and hope for the best 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?
. 
1 BTC may not be enough for the retirement plan but Yes the overall idea is good. Everyone is saving or holding BTC for a purpose. I am thinking of saving at least 3 BTC in my daughter's account for her future. It will be a gift for her, maybe when she need them.
I am earning for myself as well as using it for my luxury sometimes. All the best for your plan.
I am earning for myself as well as using it for my luxury sometimes. All the best for your plan.
As long as you mix the funds why not? But injecting everything into bitcoin is very risky specially if it's retirement funds. As you don't deal the same way when it's about retirement, we have only 1 retirement lol..I wouldn't inject more than 10-15% with it. In your shoes I would focus with the cacao farming wich can go very good. It can be a gold mine I know
Yes, I also recommend focusing all or most of your funds in that cacao farming you were planning. But if 2,500 dollars is just a part (10-20%) of your income, then why not try investing that part in bitcoin. In that case, you can still have income while in your retirement and in your farm. But do not risk all of your retirement money in bitcoin. Yes bitcoin for retirement can be possible. Because in bitcoin your effort will be small but the money that you have in change of your effort is big. Bitcoin can be a useful and helpful thing to do in your extra times , vacant times and can also be in your leisure time. In your time you can earn money and your time will not be wasted.
How come your effort to make bitcoin is small,with the current price i would not say that the effort and investment will be effortless and as per the speculators the price of bitcoin will soar many folds and it would reach a point that people holding one bitcoin will be termed a successful investor,these are just speculation and only with time you will know how exact these speculations are true.
Yes bitcoin for retirement can be possible. Because in bitcoin your effort will be small but the money that you have in change of your effort is big. Bitcoin can be a useful and helpful thing to do in your extra times , vacant times and can also be in your leisure time. In your time you can earn money and your time will not be wasted.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
Would be tough to say about bitcoin's price in 20 years, some expect it to reach over $100,000 but then there is always the chance of bitcoin falling altogether to $0. But in any case 1 BTC is less, I would recommend at least 10 BTC would be a safe bet so even if bitcoin just reaches around 20-30k in 20 years you would still have some spare($200-300k) retirement fund. But honestly, don't keep only bitcoin as your retirement fund.
Having a plan to collect lots of bitcoin from now to meet the needs of life after retirement is a good idea, bitcoin for retirement is a good option because bitcoin has a good future.
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 respect the fact that you are an farmer and you could make a good living with it and with bitcoin if you are able to save all the coins you are collecting then you could end up having a good retirement benefit with the coins you collected and with the speculation that the price would triple or cross even more values in five years time makes things interesting. Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
Yes why not in fact bitcoin have retired people,those are the early adopters,but do not put all your eggs in one basket,there's still a lot of options like other coins like ethereum and litecoin and some other none crypto currency like stocks and real estates but it's important that you do not put all your eggs.
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