Topic: BitCoin for Retirement - page 5. (Read 9081 times)
That would be hog in a cog. Lots of assumptions are there regarding bitcoin in the future. Fisry things first, bitcoin is virtual with no physical presence but having solid backup of miners which are physically available. This is important to discuss because something with only virtual presence might go into darkness real soon. Bitcoin as such is good investment for current period or may be 2-3 years from now. Having bitcoin as goal of 20 years from now would be little bit frowning concept and is not advisable personally. You can do invest for 2-3 years and after that period you can recheck what is the condition from there onwards. They reinvest more money and keep doing this which would be safer way of investment.
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.
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.
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 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 currently have it now, don't just set it aside for your retirement. If I were you I'd be trading cryptos and earn a decent income in return.
With bitcoin's volatility in value, there is actually no assurance that a couple of decades from now, bitcoin will still be the same high-valued asset that we have now.
I think it would be more prudent to invest in land or business, less risky business if you want.
Exactly we cannot depend on bitcoin for retirement as we never know what will be the price of bitcoins in future and if have saved more amount of bitcoins and if price crashes or bitcoin disappears then we will be left with nothing in hands at older age and at that time it will be very hard to find any other source of income.
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 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 currently have it now, don't just set it aside for your retirement. If I were you I'd be trading cryptos and earn a decent income in return.
With bitcoin's volatility in value, there is actually no assurance that a couple of decades from now, bitcoin will still be the same high-valued asset that we have now.
I think it would be more prudent to invest in land or business, less risky business if you want.
good thing is not keeping all eggs in one basket.,
and no one bitcoin is not enough imho, get as much possible as you can while price is low.
think it like any other investment, where others grows 2-3 folds, bitcoin can grow 10 folds.
you have to do some calculations , like what will be requirement after 20 years or so when you retire, how mcuh will be the price of those things, what is current average income, how much will that be after 20 years.,
you want to live average life or luxury life , it totally deppends on you,
good luck. i am also in the same boat.
and no one bitcoin is not enough imho, get as much possible as you can while price is low.
think it like any other investment, where others grows 2-3 folds, bitcoin can grow 10 folds.
you have to do some calculations , like what will be requirement after 20 years or so when you retire, how mcuh will be the price of those things, what is current average income, how much will that be after 20 years.,
you want to live average life or luxury life , it totally deppends on you,
good luck. i am also in the same boat.
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 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 currently have it now, don't just set it aside for your retirement. If I were you I'd be trading cryptos and earn a decent income in return.
With bitcoin's volatility in value, there is actually no assurance that a couple of decades from now, bitcoin will still be the same high-valued asset that we have now.
I think it would be more prudent to invest in land or business, less risky business if you want.
Since bitcoin is gaining a good value so it can predict that Bitcoin will gain huge value after 10 or 15 years if anyone will retire after 10 years then he can invest in this platform...which will be useful after his retirement...
in fact bitcoin can give a good support to retired people after their retirement. because is not such a rocket science in learning bitcoin, and think within few day a person can learn about bitcoin how invest money in bitcoin how to create a wallet, and hope to use exchange for buying and selling bitcoin, or how to trade altcoin, but if a person want to learn about altcoin trading then he need to spend a good time in trading altcoin and can get experience by investing a small amount of bitcoin in trading altcoin, only for experience purposes. 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)
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)
I agree, as we don't know how much 1 bitcoin value in the future, my prediction whether it is $20,000 - $30,000 if bitcoin has steady increases around $1000 per year. Do you think $20,000 in your country is a sufficient amount to live?
I'm holding a little amount of bitcoin as well and planning to collect at least 2-3BTC for retirement.
Bitcoin will be used by retired person.Because in bitcoin you will only use less time and by that you can earn a lot of money.In bitcoin you will make your time productively and you can make money wisely.
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.
retirement is indeed the situation where we must be able to think about it since the early. Therefore we can also join the gathering bitcoin as much as possible, I agree. by collecting bitcoin future now that will ensure your financial future. and guaranteed to be better. now therefore gather bitcoin creates better now for the future rather than saving up funds in the bank.
Considering the place, the money or in this case bitcoins needed would vary greatly to the rest of the world, with something like 60 bitcoins at the current price, buying a multi-floor building and renting most of it for regular profit and staying in one apartment would be achievable.
I will not use bitcoin as retirement, but I use it for the future that I have to go through with my family. I know bitcoin not to what but to introduce my descendants so that he can continue the bitcoin that I live and can be more developed again.
Investing altcoin makes me rich and retire, I like bitcoin and altcoins, salute to Satoshi!
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.
Since bitcoin is gaining a good value so it can predict that Bitcoin will gain huge value after 10 or 15 years if anyone will retire after 10 years then he can invest in this platform...which will be useful after his retirement...
in fact bitcoin can give a good support to retired people after their retirement. because is not such a rocket science in learning bitcoin, and think within few day a person can learn about bitcoin how invest money in bitcoin how to create a wallet, and hope to use exchange for buying and selling bitcoin, or how to trade altcoin, but if a person want to learn about altcoin trading then he need to spend a good time in trading altcoin and can get experience by investing a small amount of bitcoin in trading altcoin, only for experience purposes. To achieve a good, luxurious retirement in a 1st world country, you would need few million dollars for the expenses (and some invested in low risk bank accounts), therefore when exchanged for current BTC values, a 1000 BTC. However considering the growth of BTC price over the years, the number may fall down very much by the end of this year.
In first world countries is recommended that you retire with at least a million dollars in savings but at the moment in bitcoin you don’t need 1000BTC for that with 420BTC you will have that amount and if we think that bitcoin will keep reevaluating itself against the dollar then you in 20 years you may only need something close to 100BTC but if you live in a poorer country you will need a lot less than that.
1 btc MIGHT be enough in lets say, 20 years from now? but why stop at 1 btc? stock up!
20 years from now? I think yes it's enough for your reitrement since the bitcoin can't stop from rising it's value in the market just a few years ago the bitcoins is just a few dollars but now look at the price of the bitcoin what more if it's in the next 20 years but we're not sure about it's price we don't know if the bitcoin will become successful we all know bitcoin is successful but there are some people encountering a problem with bitcoins such as the high transaction fee of the bitcoins but who knows maybe soon some crypto will pop out and the value is high as the bitcoin but the transaction fee is much lower.
You would need a big amount of bitcoins to afford a comfortable and relaxing retirement that won't expire, therefore you would need to be investing the sum in some low risk bank account or bond... To retire for a 1st world country would probably be something like 1000 BTC or more, at the current price of $2000 or so.
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