BitCoin for Retirement - page 3. | Bitcointalksearch.org

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: LodisMcguire on June 22, 2017, 04:56:10 PM

Why only focus on bitcoin? If you plan to retire,atleast save some altcoin that have bright future
We don't know what future will bring,crypto price for that matter,so i think you have to go for altcoin as well then you can retire without worry

Most people talk about bitcoin the most simply because is the one with the most chances of being around for the long term than other cryptos, many other coins disappear after a while but bitcoin is the oldest and the one with the biggest market cap so bitcoin is simply the safest choice for those that want to save some money in the form of cryptocurrencies.

Eternu

sr. member

Activity: 560

Merit: 257

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.

Exactly! It is pointless, because bitcoin could live 1 year of 10000 years more. Bitcoin is too unpredictable, and to rely on it is insane. Best option for people who want to experiment, and have founds to do so, is to keep some amount of bitcoins. Just in case if price of bitcoin skyrocket. But it would be insane to rely and depend on it for retirement...

maku

legendary

Activity: 1288

Merit: 1000

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.

I totally disagree with you. Bitcoin might be your Individual Retirement Account - it is true the price of BTC is volatile, but there is high chance that bitcoin will reach even $100.000 in the next 10 years.
Bitcoin goes beyond national regulations, I would be more scared to locate my wealth in one FIAT - which is destined to inflate.
I understand that people are still highly sceptical about Bitcoin, that is why it is needed to do your own due diligence. BTC potential yields are promising enough to give it a chance.

Vaskiy

legendary

Activity: 2646

Merit: 1106

DGbet.fun - Crypto Sportsbook

Bitcoin for retirement is simply the best one can do to make his living better and this is one such way of enjoying the life. From the days of his employment regularly making an small investment into bitcoin will probably go to very bigger value when the same person gets retired. So bitcoin for retirement is good.

Tamilson

hero member

Activity: 1022

Merit: 503

Quote from: LodisMcguire on June 22, 2017, 04:56:10 PM

Why only focus on bitcoin? If you plan to retire,atleast save some altcoin that have bright future
We don't know what future will bring,crypto price for that matter,so i think you have to go for altcoin as well then you can retire without worry

Yes. This is also my thing.
Before I'll retire and I have some bitcoin savings, i will open some trending food business.
Saving btc is not so 100% sure success so we better have a back up plan when things goes wrong.
Maybe 2btc and some business will do for my future.

SingAlong

full member

Activity: 294

Merit: 100

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 would say its good. You should focus more on your cacao/mango/farming so it will grow and export your products which will earn you a great profit. In the long run, you don't need to be actively participating since money would come passively. You can let your children manage it when they reach the certain age where they can do it.

AltcoinAuthority

sr. member

Activity: 616

Merit: 251

CryptoTalk.Org - Get Paid for every Post!

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.

Anegg

sr. member

Activity: 469

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

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?

Yeah, sure that's not a bad idea, just don't invest a lot in bitcoin since that would be incredibly risky especially considering it is your retirement funds. I would recommend buying up to 5 bitcoins and then just leave it alone. If it rises in value for the next 10 to 20 years, your retirement fund could be very big. It is also a good idea to diversify your portfolio

pepi04

newbie

Activity: 5

Merit: 0

Personally, I guess I'll try to buy up to 10 bitcoins and leave it with that.

That's about the amount of money I could lose without *losing* crucial parts of my savings for retirement (aimed at in less than 10 years... omg!) ,
but OTOH, if it helps to even maintain the actual purchasing power of my money till then, I'd be happy already.
If it continues to rise in value, - wow, I'd be extremely excited and for once in my life, wouldn't have had bad luck with investments (yes, that could be read as a warning sign for you guys out there! Grin

)

Right now just worrying about imminent major wars or economical crises that destroy the US's economy as it is, because both scenarios would likely have an enourmous impact on the Internet structure and thus Bitcoin also.

cheers,
p.

Superways

hero member

Activity: 826

Merit: 502

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.

Bitcoin is growing very faster and it is going to be a very better currency in the future and in the current time it is in the competition of many bigger currencies and assets so I think it is not wrong to rely on asset like that.

FLoving

hero member

Activity: 1022

Merit: 521

Quote from: fitty on June 20, 2017, 09:14:02 PM

Somewhat enough i think.If we base on this current growth in the market bitcoins price would still grow up to $20,000 and i think 1 bitcoin in that stage is big but not big enough to cover your life for your retirement its too small i think

If in the future that person will start a smaller business with that one bitcoin then I think that one bitcoin is enough for his retirement but if he will not start any business then he have to manage for some multiple bitcoins to get fully benefited.

Kriptex

full member

Activity: 197

Merit: 100

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

Kotone

hero member

Activity: 1372

Merit: 503

Quote from: LodisMcguire on June 22, 2017, 04:56:10 PM

Why only focus on bitcoin? If you plan to retire,atleast save some altcoin that have bright future
We don't know what future will bring,crypto price for that matter,so i think you have to go for altcoin as well then you can retire without worry

Thats right. Alt coins might be good for future so buy atleast a little portion because someday you may be regret for not having it. Earn bitcoins and alt coins now earn more and more until you reach out the right amount that you have been needed. Bitcoin for ritirement is very good, bitcoins and alt coins are both good investment.

LodisMcguire

sr. member

Activity: 546

Merit: 261

Why only focus on bitcoin? If you plan to retire,atleast save some altcoin that have bright future
We don't know what future will bring,crypto price for that matter,so i think you have to go for altcoin as well then you can retire without worry

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: meliodas on June 22, 2017, 06:32:55 AM

If youre planning to save bitcoins instead of real money for your early or late retirement then you should not be saving only1bitcoin at this stage,its so small even to think how much bitcoins will be in the future,it cant cover up your wholeretirement

1 bitcoin is too little especially if consider that the life expectancy may get longer as more medical discoveries are made but if you live in a poor country you may be able to retire with very few coins depending on the quality of life you may want to have, since in those countries many things are very cheap and bitcoin is going to keep reevaluating as the block reward halves.

meliodas

sr. member

Activity: 742

Merit: 329

CryptoTalk.Org - Get Paid for every Post!

If youre planning to save bitcoins instead of real money for your early or late retirement then you should not be saving only1bitcoin at this stage,its so small even to think how much bitcoins will be in the future,it cant cover up your wholeretirement

Eternu

sr. member

Activity: 560

Merit: 257

Quote from: radjie on June 21, 2017, 07:39:16 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?

That's all how strongly we hold the bitcoin we've got even with it in the next 20 years even if it's saved only 1 btc but in the future I'm sure the price can exceed the current price so that we save 1 bitcoin for Our old days or retirement is a very good idea.

Yes i agree. It would be wise to leave as much bitcoins as you can for future. Because no one can predict how much bitcoin will be worth in future, and even if you got that bitcoins on trading or from signature campaign, than you got nothing to lose even if bitcoin is worth nothing in future. But it is wise to leave as much bitcoins, because of that chance that it will worth a lot.

radjie

sr. member

Activity: 1792

Merit: 264

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?

That's all how strongly we hold the bitcoin we've got even with it in the next 20 years even if it's saved only 1 btc but in the future I'm sure the price can exceed the current price so that we save 1 bitcoin for Our old days or retirement is a very good idea.

dey90

full member

Activity: 548

Merit: 100

If you can store more than 1 bitcoin. Why only 1 bitcoin. Distance can not be determined by other values of remote values, I think we should reconsider, because with the value you know, bitcoin values can not be predicted accurately. . So maybe you can add from now more than 1 btc for your retirement days.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: erickkyut on June 20, 2017, 08:08:36 PM

If the positive trends in the market about bitcoin will continue up to 50years, Bitcoin is the best investment for your retirement. If you start investing at a young age, you will have a luxurious and enjoyable retirement in your future.

This is not only true for bitcoin, this is true for any investment, if you start young in your investing career and hold long term, then you are going to be able to retire early and with better conditions of life than those that start later, even if they earn more money than you do, which tell to us that with the right planning you can overcome those with more earning power.

Topic: BitCoin for Retirement - page 3. (Read 9081 times)