BitCoin for Retirement - page 2. | Bitcointalksearch.org

lipcoins

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Quote from: DoublerHunter on June 28, 2017, 08:01:07 AM

Quote from: mamaya on June 28, 2017, 04:20:42 AM

If you are retiring in 15 years or more its well possible that 1 bitcoin can be enough to retire on even in a first world country. I wouldn't put all my eggs in one basket though and rely solely on that, I would still look at other options just incase.

Don't settle for a low amount of bitcoin aim higher, i think 10 to 20 bitcoins will be enough after 15 years or more to build an average modern looking house because the price of bitcoin is keep on growing because of the demand that keeps on coming from the new adoptions from different people and also from the countries that are getting into bitcoin because of the potential of its financial system.

Exactly! No one can possibly feel safe with 1 Bitcoin in their wallet unless they live in such a poor country where housing and living in general constitutes nearly no expense. And even then, you don't know how that may change in the next 15-20 years so one could be in for a very rude awakening...

Harlot

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We can't really predict the future much more if the time frame is 20 years like what you said, we don't even know if Bitcoin is still being used at that time. I am also that 1 Bitcoin won't be enough to fund you for your retirement purposes even if you say it will go up 10,000$ it won't be enough without financial aid from others. From what I am seeing a retirement fund must be added periodically in your own choice as it can really make a difference once you retire.

Sarah08

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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 guess no good if your only going to store 1 bitcoin today but you could use that to start a small business but 1 bitcoin can give you a profit but i guess your still gonna need a job and your gonna need a great volume of bitcoin to have a great investment for your own future.

lipcoins

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I think Bitcoin is the quintessential investment for retirement.

Keep your job, save to invest and watch it grow. Obviously you need to have more than just a couple of Bitcoins in order to be able to live through your old age. My advice would be to never keep all eggs in one basket since no investment is ever 100% risk-free.

pecson134

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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 were to take farming as a retirement plan then using 1 bitcoins would already suffice unless you do not have the land to plant those. If you had the land you can invest fully for those different kinds of plants you ere interested with plus the other necessities to sustain its life for a longer time. Moreover, it is already your hobby so I assume that you would not have a major problem because it is what you like.

DoublerHunter

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Quote from: mamaya on June 28, 2017, 04:20:42 AM

If you are retiring in 15 years or more its well possible that 1 bitcoin can be enough to retire on even in a first world country. I wouldn't put all my eggs in one basket though and rely solely on that, I would still look at other options just incase.

Don't settle for a low amount of bitcoin aim higher, i think 10 to 20 bitcoins will be enough after 15 years or more to build an average modern looking house because the price of bitcoin is keep on growing because of the demand that keeps on coming from the new adoptions from different people and also from the countries that are getting into bitcoin because of the potential of its financial system.

mamaya

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If you are retiring in 15 years or more its well possible that 1 bitcoin can be enough to retire on even in a first world country. I wouldn't put all my eggs in one basket though and rely solely on that, I would still look at other options just incase.

DoublerHunter

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Quote from: qiwoman on June 28, 2017, 01:22:47 AM

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.

That is correct most of the money that i have in banks are now in bitcoin because i believe in bitcoin that it will become much expensive in the future and after at least 10 years, it will become a very expensive and after that, i will sell my bitcoins to buy the things that i want and have financial freedom and it is much shorter rather than other retirement fund or option.

squatz1

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While this would be something which is nice, when you think about it the volatility would be something that retirees wouldn't want to expose themselves too. They want to be able to get a set return or a set range of returns on a monthly basis to be able to be fine with the money that's coming in, once they have that these people should be happy and that's all. Sadly enough, this isn't possible with Bitcoin and they'd practically be getting killed with the volatility that is present by maybe making good money one month, then poof all of it's gone cause the miners flipped shit and all the coins are worth $20

So, never.

qiwoman

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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.

ocid

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By storing what we have on bitcoin in the amount of 1bitcoin it will be very valuable if we are confident of the development of bitcoin in the future so that the price of 1bitcoin is now quite high then in the future we believe the price will be much higher than now it makes us save Money in the form of digital currency that will be very valuable in old age.

Seeker01

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I dont think bitcoin can be your good source for your retirement, maybe you can use your profit from bitcoin for some investment for your retirement like mutual funds, or some paper assets but using bitcoin as for your retirement is not really good for me.

stomachgrowls

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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?

1 bitcoin isnt bad to kept for your retirement but i guess it would not be worth it to depend on it specially on your retirement better to earn more or set aside as much as you can since you are living on developing country then that would be surely sufficient enough for long term since you are focusin on farm lands i guess it would be enough for 20 years after and we should still pray that bitcoin wont die on those years.

FairUser

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I will save some bitcoins for future but I will never depend only on bitcoins for my retirement as it can be very risky as if bitcoin disappears in coming years then my entire investment will go in vain which I have kept for my old age so I will always invest only a small amount of money in bitcoins and rest I will keep in some other form of investment which can give me guaranteed returns.

jak3

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no way. everyone can make 1bitcoin with a hard time of earning and saving and specially the fact that thy don't have to invest anything to earn it. if you plan for a retirement and you relay on bitcoin then I will say you should have at least 15bitcoins because it can go really high or low but you can relay on that bunch for rest of your life. you should have a good plan to harvest a small percent of that money somewhere so you still get your pocket money by the time.

susila_bai

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Quote from: BarbieCasino on June 27, 2017, 02:16:50 PM

Quote from: AltcoinAuthority on June 22, 2017, 07:51:53 PM

Quote from: Kriptex on June 22, 2017, 05:31:08 PM

Planning retirement only depending on bitcoin is meaningless, I think. You can't trust any of the assets existed in the world like that.

Relying on Bitcoin to pay for someone’s retirement is funny. Even if the price of Bitcoin gets up to a million dollars there is much more money that they could make as they are making money with Bitcoin. Living a life only depending on Bitcoin is a sad method to living.

We should that much depending on bitcoin the way right now we are doing.It may be down in future it may be high in a future nobody knows about future.1 BTC on retirement and also some fiat money on retirement.So we should not that much depend on bitcoin as we doing it could be hard for us in a future.

Ya it is so true that never depend on single investment option for future and same thing that you should have investment in multiple places like, some in bitcoin and some in good altcoins and balance on fiat currency , real estate. So that in retirement what you are expecting will be achieve of living happily life.

TrissMerigold

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lol ridiculous threat society didnt start to accept btc yet but of course you can exchange it for real money i mean you say retired , retired for what ? if you are retired you still can do trading for small but profitable amount if you have at least 1 btc or invest it somewhere you think its safe , basically you can do a lot of stuff even tough you holding bitcoin lol

BarbieCasino

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Quote from: AltcoinAuthority on June 22, 2017, 07:51:53 PM

Quote from: Kriptex on June 22, 2017, 05:31:08 PM

Planning retirement only depending on bitcoin is meaningless, I think. You can't trust any of the assets existed in the world like that.

Relying on Bitcoin to pay for someone’s retirement is funny. Even if the price of Bitcoin gets up to a million dollars there is much more money that they could make as they are making money with Bitcoin. Living a life only depending on Bitcoin is a sad method to living.

We should that much depending on bitcoin the way right now we are doing.It may be down in future it may be high in a future nobody knows about future.1 BTC on retirement and also some fiat money on retirement.So we should not that much depend on bitcoin as we doing it could be hard for us in a future.

Skieleton

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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 my opinion this is a good investment, but I do not know whether to bet on BTC. In my country is the same. In my country is similar, after retirement, you can not live well. BTC is one way to save money. It is important to always check the price of BTC to avoid losses.

The_prodigy

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Quote from: AltcoinAuthority on June 22, 2017, 07:51:53 PM

Relying on Bitcoin to pay for someone’s retirement is funny. Even if the price of Bitcoin gets up to a million dollars there is much more money that they could make as they are making money with Bitcoin. Living a life only depending on Bitcoin is a sad method to living.

Relying on bitcoin is actually bad. Because it affects the performance of the people . If we want to retire just save and save bitcoins. And let it there in your wallet , then hold it till you want because if you do it will be for your future too. It is not good to depends on it but having a bitcoin for retirement is good and earn as long as you can.

Topic: BitCoin for Retirement - page 2. (Read 9081 times)