BitCoin for Retirement - page 14. | Bitcointalksearch.org

maku

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?

1. Do you have any backup retirement plan? Bitcoin alone might not be enough to keep you safe. We have no idea how BTC will scale in the distant future.
2. You probably heard this already, but diversification is the key. Bitcoin is great but seeing how Ethereum is growing I would buy it as well. Same with some other good altcoins.
3. No one will tell you how much 1 BTC will be worth in the future. It is pure guessing. Invest into something less volatile: land, real estate market etc.

haroldtee

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You want to rely on bitcoin for retirement? I am not sure that is a very good move... Just an opinion. Bitcoin is quite volatile and with all that is going on in the bitcoin and cryptocurrency world recently, counting on bitcoin, most especially 1BTC as a retirement plan may not be so good but the risk could be worth it eventually though. At least, since you mentioned you have farms which is an investment is good enough. But if 1 bitcoin is all you can afford and all the cash you have, please don't do that. You should see buying the 1BTC as an investment that could end up paying you well or not but purchase with what you know you can afford to loose.

Faiyz

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Dijual

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 and we can never know for sure what will happen in a couple of years for bitcoin even if we are speculating moon.

but if you are planning on relying only one 1 bitcoin and nothing else then no, you are making a biggest mistake of your life. 1 bitcoin may never go as high as to be considered as your whole retirement money. (although i think you are from the first group but it was worth mentioning this here)

For me i don't think you could really retire because most of the time people are just waiting for price and if you are smart enough you can still while you are at the age if retirement. Btc does not end by the age but by the interest of a person running out. I would agree that you should not just rely on 1 btc because even if the exchange rate is high in your place chances are you still got to spend more money for other purposes. It is still better play safe than never.

talkbitcoin

legendary

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All I know is that I know nothing.

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 and we can never know for sure what will happen in a couple of years for bitcoin even if we are speculating moon.

but if you are planning on relying only one 1 bitcoin and nothing else then no, you are making a biggest mistake of your life. 1 bitcoin may never go as high as to be considered as your whole retirement money. (although i think you are from the first group but it was worth mentioning this here)

LeGaulois

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Top Crypto Casino

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

iamTom123

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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?

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