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Topic: BitCoin for Retirement - page 4. (Read 9081 times)

full member
Activity: 173
Merit: 100
June 20, 2017, 10:10:49 PM
collect as many as bitcoin you can
because there is no "enough" word in the future
1 bitcoin is small amount even the price is hign in 20 years later
legendary
Activity: 966
Merit: 1004
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June 20, 2017, 10:03:30 PM
I think it's a good idea to save bitcoin for retirement, we can see now that bitcoin growth is getting better, I think there's nothing wrong with bitcoin as a savings, because what we know today is the value of bitcoin prices that increase from year to year Next, But if in my opinion only save 1bitcoin to retire still less better you collect it more than that,
Saving bitcoins for retirement will be good if and only if bitcoins price would keep on rising and dont stop untill it reaches the max cap,but his option of 1btc is very small for retirement
sr. member
Activity: 406
Merit: 251
June 20, 2017, 10:00:59 PM
I think it's a good idea to save bitcoin for retirement, we can see now that bitcoin growth is getting better, I think there's nothing wrong with bitcoin as a savings, because what we know today is the value of bitcoin prices that increase from year to year Next, But if in my opinion only save 1bitcoin to retire still less better you collect it more than that,
hero member
Activity: 854
Merit: 500
June 20, 2017, 09:26:43 PM
Very cool idea to save bitcoin for retirement . The price of bitcoin increase  rapidly. In the retirement period bitcoin fill your economic  demand . You can easily move on this day if you have lot of money. And bitcoin will arrange for you.
If 1btc is enough for you to save for the future then do it. But fot me as long as I can earn bitcoin i will earn it. Because i know that the price of the goods will be more higher every year so i need to earn more so that i can provide my need in everyday use. Bitcoin is very good for long term investment.and it will be imcrease more each year.
sr. member
Activity: 594
Merit: 253
June 20, 2017, 09:20:09 PM
That is a good initiative to set aside at least 1 bitcoin for your retirement. But be careful also. You will have to keep track of its price fluctuations because everything's possible. We all want bitcoin's value to regularly go up high but we cannot be 100% certain of in the future. There are also several other cryptos that you might want to invest in. A lot of them are also promising, having very high appreciation. Of course, having a business is also a great thing for you future retirement.
hero member
Activity: 728
Merit: 501
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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
member
Activity: 102
Merit: 10
June 20, 2017, 09:08:13 PM
Very cool idea to save bitcoin for retirement . The price of bitcoin increase  rapidly. In the retirement period bitcoin fill your economic  demand . You can easily move on this day if you have lot of money. And bitcoin will arrange for you.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
June 20, 2017, 09:01:49 PM
Unfortunately, I am going to sell at least 75% of my Bitcoins before my retirement. I am really doubtful about the future of Bitcoin, and I want to diversify my investment. It is not a good idea to keep 90% of the investment in a single asset. So I will be selling a part of my Bitcoin holdings, and buying equities and mutual funds using that money.
sr. member
Activity: 1400
Merit: 269
June 20, 2017, 08:53:33 PM
For me, it's okay to invest your money in bitcoin for your retirement bitcoin nowadays is considered a safe haven for investors cause it was not like back then that it was volatile that the price would drop into very low depths then instantly pump. I suggest you put 15-20% of your daily earning into bitcoin to be able to make 1-2 bitcoins. Right now, bitcoin is still in beta mode and there maybe some bugs but eventually the core devs will solve and we will progress, bitcoin adoptation is starting to rise like the legalization in some countries like Japan and Philippines then from local to online business, bitcoin is now widely used as payment method. So there's noy doubt that this crypto currency will have great future ahead.
hero member
Activity: 1246
Merit: 588
June 20, 2017, 08:26:42 PM
You can of course. You should also stay with the trading platform as it can help you a lot more when you retire. If you are then becomes very familiar to trading you can easily rotates your btc during your retirement
hero member
Activity: 1176
Merit: 509
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.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
June 20, 2017, 05:16:41 PM
Just mentioning it as a third-world country isn't enough to make a valid comparison, as living fees for food and the like is higher in some of these countries than the US (Although housing is much cheaper, but food is more expensive than "walmart and pricetag like prices".
Could you give an example? Most of the time housing and food are going to be a lot cheaper  in a third world country than in any first world country, the things that don’t change in price are things like technology and in fact technology can be a lot more expensive since it needs to be imported from other countries where that stuff is built.
In those third world countries where there is a lack of food then n these third world countries you will find food at a high price while in some fertile countries the food is also available with cheap price and in these places we often see the price of land higher.
Well that could be an example, but if person is retiring and wanting to save money by moving to another country then it will be foolish to move to a country were there is not even enough food to sustain the local population, so by doing your homework you can move very easily to a place where you can keep most of the comfort you get at home for a fraction of the cost.
full member
Activity: 225
Merit: 100
June 17, 2017, 06:22:07 PM
Just mentioning it as a third-world country isn't enough to make a valid comparison, as living fees for food and the like is higher in some of these countries than the US (Although housing is much cheaper, but food is more expensive than "walmart and pricetag like prices".

That's correct. Anybody can target retirement with bitcoin investments but the more important thing is where he/she lives. The life conditions and other factors vary in different countries.
hero member
Activity: 770
Merit: 500
June 17, 2017, 06:21:51 PM
Just mentioning it as a third-world country isn't enough to make a valid comparison, as living fees for food and the like is higher in some of these countries than the US (Although housing is much cheaper, but food is more expensive than "walmart and pricetag like prices".
Could you give an example? Most of the time housing and food are going to be a lot cheaper  in a third world country than in any first world country, the things that don’t change in price are things like technology and in fact technology can be a lot more expensive since it needs to be imported from other countries where that stuff is built.
In those third world countries where there is a lack of food then n these third world countries you will find food at a high price while in some fertile countries the food is also available with cheap price and in these places we often see the price of land higher.
hero member
Activity: 644
Merit: 500
June 17, 2017, 06:16:17 PM
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

That's a really good question. I think it would be great reason to buy one. A unique way to add diversity to your retirement plan.
retirement makes people really worried if a person is doing a job and he has a proper way for earning he will not be much worried about future but after retirement they start thinking what they will do now so bitcoin is a good opportunity for those people to save for their future .
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
June 17, 2017, 04:47:34 PM
Just mentioning it as a third-world country isn't enough to make a valid comparison, as living fees for food and the like is higher in some of these countries than the US (Although housing is much cheaper, but food is more expensive than "walmart and pricetag like prices".
Could you give an example? Most of the time housing and food are going to be a lot cheaper  in a third world country than in any first world country, the things that don’t change in price are things like technology and in fact technology can be a lot more expensive since it needs to be imported from other countries where that stuff is built.
newbie
Activity: 3
Merit: 0
June 17, 2017, 03:12:01 PM
Just mentioning it as a third-world country isn't enough to make a valid comparison, as living fees for food and the like is higher in some of these countries than the US (Although housing is much cheaper, but food is more expensive than "walmart and pricetag like prices".
hero member
Activity: 910
Merit: 509
June 17, 2017, 01:31:17 PM
if we can get a lot of bitcoin and save it for the old days then this could be used as an investment for retirement. But for me to work in a royal period is a necessity. Just doing the trading in front of the computer may still be said a reasonable thing, I will continue to work until I can not do it again.
Being retired is really a big change in life people must think what they will do after retirement everyone thinks about their future so no doubt that Bitcoin is a good and secure future for retired people so if people want to secure their future then buying Bitcoin are collecting it is really a good option for them most of the people are putting their money in Bitcoin and investing in it for the future purpose.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
June 17, 2017, 12:48:40 AM
Don't settle for less, aim high and change your target from 1 bitcoin to a higher amount of bitcoins. If you have a lot of chance now to get more bitcoins and keep it in a safe place because for me 1 bitcoin is not enough for us to have a retirement fund and it cost at least 10 bitcoins for an average person to have a retirement fund to enjoy at least 1 year. It is still depends on how you will manage your money.

I agree with you, at this moment we can have a goal higher than 1 bitcoin, because the price isn't that high yet, but I believe who is thinking in retirement, isn't thinking on short run, they want to save money now for the next decade I suppose.
And when the next decades come the bitcoin price will be too high, that is the reason 1 bitcoin can worth to have a good retirement life, but as I said, it's possible to think bigger as bitcoin price isn't so high yet.
sr. member
Activity: 924
Merit: 255
June 17, 2017, 12:38:44 AM
Yes it can, If it is really taken into account well from the far-away days. Don't using it too much for playing on games (gamble), mining is better i think. Play safe and always counting the profits.
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