BitCoin for Retirement - page 13. | Bitcointalksearch.org

cellard

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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?

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.

BitHodler

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It's impossible to say whether or not 1BTC will be enough there where you live, but it definitely wouldn't hurt to also have something aside in fiat reserves ~ just in case.

Good thing is that you have also other sources of generating income, which means that you won't be depending solely on Bitcoin to make the ends meet.

Another good thing is that you can simply continue with accumulating as many coins as possible throughout the years. The more you set aside, the more you will benefit.

I am doing exactly the same. I have set aside 5BTC that I will keep hodling for the coming 10-20 years. I am not retired by that time, but an insanely high value opens other doors for me.

farhaan

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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?

I don't know exactly what your country's currency rate is.But people always used to say that if we have 21 btc,then we can enjoy a happy retired life.So better try to save more bitcoins.

Hypnosis00

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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.

anheqiaobei

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Support your idea that bitcoin is a real long-term investment
Your post-retirement investment is the best

imeetup

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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?

It won't hurt to keep 1 Bitcoin aside... just in case it will go really high in the future. If it doesn't then it's no big loss now, but if it does it could pay for your retirement.

xvids

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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?

If you are going to retire and you are only looking on holding that bitcoin for a long time I think it is kinda risky thing to do,
Think about it you would gamble your money in bitcoin and what would happen to it if the price crash down and can't go up again,
There are some possibilities right just think about it.

Velkro

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Quote from: talkbitcoin on June 06, 2017, 04:59:12 AM

if 1 bitcoin is just one of your investment that you put away for your retirement then it is an excellent idea because you should always diversify

or go all in and be madly rich for retirement
Two ways of doing retirement, on hawaii islands or in hospital care ;P

AicecreaME

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Why not try to invest 10 or more bitcoin right now, because if we are going to think it 20 years from now, I am sure that you could make a lot of profits on it in the long run, only if you have that kind of amount which is going to be your capital on investing to bitcoin. If I were you, I'm not going to ask anymore, I am just going to buy right away because bitcoin is the best amongst all the coins here in the crypto world.

I have no doubt on bitcoin, because of its solidity and its price is really amazing as time pass by, I've started on this forum when bitcoin is just for $600, and now? it is almost going to $3000 which is only a dream for me way back then.

realinfo.co

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If possible have 21 Bitcoin, then you can think for some Retirement plans

bitbunnny

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Unfortunately situation in some third world countries is so bad that one Bitcoin at current price is real fortune and five of them will be enough for retirement. But Bitcoin price is very volatile and despite the expectations that the price will be even higher, situation can change.
So it's good to have some back up plan and other investment or source of funds for retirement.

iqlimasyadiqa

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It is not the right choice. Just keep silent without work. If you work and invest with 1 bitcoin then i am sure it will be able to fulfill your life. You have a family and it will not be enough with just 1 BTC.

cryp24x

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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?

If the prediction about bitcoin going $500k or $1m a piece in 10 years came true, then i guess having 1 Bitcoin as your retirement plan is not got but rather great. There is nothing much better than having your investment to grow from 20 to 500 times after a decade.

Gaaara

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It will be a good idea but are you planning to get a 1 Bitcoin after 20 years from now? If we were take it that long problems may occur, like having other coin that can overcome bitcoin or others like technical issues, but the idea is good at least there would be something that will cover up if some problems occur.

~Bitcoin~

legendary

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

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

I don't think it will be enough for next few years but after 20 years it can be if we look at how price surged between 2008 to now. But nobody can predict the future so price can go both side, you have to sell your bitcoin if there will be big crash which may not come anytime soon.

Lecam

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Quote from: unisilver on June 06, 2017, 06:09:30 AM

Quote from: Kizaki on June 06, 2017, 05:28:01 AM

It really depends on the development of bitcoin to the years that will pass.Putting a retirement amount of only 1 bitcoins is not really that good,1 bitcoin is still very small amount to consider as a holder for a long time,but if price will get 10x higher or more then its pretty good

correct. even if you aim 1 bitcoin for 20 years, there still risk. we dont know how strong will be the development of bitcoin, besides 1 btc is just a small amount. if you want, you can have even just atleast 10 BTC. but i suggest do not make bitcoinas a main source for a retirement plan. have back up plans too.

Even 1 bitcoin can atleast save your ass, remember bitcoin value is still increasing on its way to top, so in the mere future 1 btc will become expensive. But yeah as you said, dont make bitcoin as retirement plan, you have to make at least other investment or way to earn money when you retire, like business. In that way you wont be need to think about where you would get an income, because you have your own business.

unisilver

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Quote from: Kizaki on June 06, 2017, 05:28:01 AM

It really depends on the development of bitcoin to the years that will pass.Putting a retirement amount of only 1 bitcoins is not really that good,1 bitcoin is still very small amount to consider as a holder for a long time,but if price will get 10x higher or more then its pretty good

correct. even if you aim 1 bitcoin for 20 years, there still risk. we dont know how strong will be the development of bitcoin, besides 1 btc is just a small amount. if you want, you can have even just atleast 10 BTC. but i suggest do not make bitcoinas a main source for a retirement plan. have back up plans too.

NorrisK

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Instead of doing a 1 time 1 bitcoin deposit, I would consider monthly additions to the fund.

Start your fund with the planned 1 bitcoin and then add for instance your signature campaign earnings to this fund if you don't need those funds to get by currently. This way, you will grow your bitcoin fund over the years to make sure it grows with the increasing standard and cost of living your country will go through.

Also, keep an eye on the developments. For all you know, for some reason bitcoin will shift out and be replaced by others. You wouldn't want to end up with nothing in twenty years.

Duzter

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Every employee will be provided with an retirement fund on retirement by the particular firm for which he has been working for years and years. In my view it's good to invest the partial amount got as retirement fund into gambling, so that with the periodic price difference can get an additional earning and have the capital as same as the time of investing.

Kizaki

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It really depends on the development of bitcoin to the years that will pass.Putting a retirement amount of only 1 bitcoins is not really that good,1 bitcoin is still very small amount to consider as a holder for a long time,but if price will get 10x higher or more then its pretty good

Topic: BitCoin for Retirement - page 13. (Read 9081 times)