BitCoin for Retirement - page 6. | Bitcointalksearch.org

sergio red

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Quote from: nuela on June 15, 2017, 12:55:18 AM

If bitcoin for old age retirement is true, but it depends on bitcoin development until the year will pass. Bitcoin is still small to play a role in a long time, if the price rises at any time then this is enough for me.

hard truth..
the only bitcoin will be helpful if it will remain nonvolatile, the high price is not the main issue, sustainability is a major concern. so bitcoin should be going on in a sustained way so that bitcoin will be gained trusty sector...if it will be recognised as a credible source then people can trust on it. and then it will be useful after retirement.

Takuul

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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.

nuela

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If bitcoin for old age retirement is true, but it depends on bitcoin development until the year will pass. Bitcoin is still small to play a role in a long time, if the price rises at any time then this is enough for me.

Md Saad

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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...

South Park

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Quote from: batang_bitcoin on June 13, 2017, 03:16:16 PM

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?

After 20 years maybe bitcoin is already $50,000 from that time or even bigger. I guess it's already enough to save one bitcoin for your future keep and retirement. But if you can add some more just keep on adding that will be the best thing to do. Because you will do nothing but will just let it keep at your cold storage.

Having more than what we need is definitely better than having less, if the only thing you can afford for your retirement at the moment is 1 BTC that is fine you are ahead of most people in the world but if you can afford 2, 3 or 10 then by all means do it, this is especially true if you are young since the age of retirement is far away and your investment is bound to multiply many times over.

Eternu

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Quote from: czvezda on June 13, 2017, 09:14:17 PM

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.

So far bitcoin seams like good option for that. And i also think that it would be a god idea to leave some amount of bitcoins for future. If we look back in future, bitcoin was only going up. Price started at some really little amount, and look it now, its almost 3000 dollars per one bitcoin. So who knows maybe in future, when it is time for my retirement bitcoin will be worth 300000 dollars Cheesy

, or maybe it will be nothing.

czvezda

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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.

LouVandetta

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Quote from: IGNation on June 13, 2017, 08:06:35 PM

I think even after 20 years, Bitcoin might increase in value but it may also decrease, 1 BTC is not enough for retirement, since it is 20 years from now i think you can make more money than 1 BTC and make sure to have enough money for your needs so i think it is not enough and who knows if bitcoin is still the same after 20 years from now.

Yeah, you are right about that.
Even after 20 years that 1 bitcoin already $50k or even more, it's still not enough.
What? Only holding 1 bitcoin till 20 years later. No, Right now, everything is already expensive enough, then what would happen in 20 years later?
Everything will becomes more and more expensive than now. Maybe 1 btc would only last a couple months in the future.

IGNation

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I think even after 20 years, Bitcoin might increase in value but it may also decrease, 1 BTC is not enough for retirement, since it is 20 years from now i think you can make more money than 1 BTC and make sure to have enough money for your needs so i think it is not enough and who knows if bitcoin is still the same after 20 years from now.

wahb

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Quote from: Gotottack on June 13, 2017, 03:44:16 PM

Quote from: Cofee.BLUE on June 13, 2017, 03:20:47 PM

I think 20 years from now,bitcoins value will be much more larger than it is now so holding that may be a good idea buy still there are many risk that can happen to the bitcoins value as the yesrs past.As we can see from now,its value goes up and down we'll never now when it would actually stay in going up.But your plan was good.

Though no matter how much it grows, a single bitcoins could not really be enough for a retirement plan. This would also assume the prices will continue to grow and not go down, which is possible but there is a likelihood that prices might go down for some reason. So I think it is still not a good idea to rely only on bitcoins.

yes that is right that a single bitcoin is not enough even if its price increases too much. but after retirement if you have some money that you got after your retirement as pension, and if you are interested in trading then you can really make a good profit from trading and can even secure your life money after got retirement from your day job. in fact trading bitcoin do not require such a big effort.

Gotottack

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Quote from: Cofee.BLUE on June 13, 2017, 03:20:47 PM

I think 20 years from now,bitcoins value will be much more larger than it is now so holding that may be a good idea buy still there are many risk that can happen to the bitcoins value as the yesrs past.As we can see from now,its value goes up and down we'll never now when it would actually stay in going up.But your plan was good.

Though no matter how much it grows, a single bitcoins could not really be enough for a retirement plan. This would also assume the prices will continue to grow and not go down, which is possible but there is a likelihood that prices might go down for some reason. So I think it is still not a good idea to rely only on bitcoins.

Cofee.BLUE

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I think 20 years from now,bitcoins value will be much more larger than it is now so holding that may be a good idea buy still there are many risk that can happen to the bitcoins value as the yesrs past.As we can see from now,its value goes up and down we'll never now when it would actually stay in going up.But your plan was good.

batang_bitcoin

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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?

After 20 years maybe bitcoin is already $50,000 from that time or even bigger. I guess it's already enough to save one bitcoin for your future keep and retirement. But if you can add some more just keep on adding that will be the best thing to do. Because you will do nothing but will just let it keep at your cold storage.

jak3

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I trust that bitcoin is the best option for long term investment. when I join the bitcoin network at blockchain it was not even 7$ at that time in starting of 2010. and today its 2000$+ . basically if I tell this to anyone they will never ever believe me because of bitcoin is at a place of impossibilities now, nothing has every gone this much far ever till now not even gold.

doomloop

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Quote from: crazyivan on June 13, 2017, 01:22:50 PM

I somehow do not think 1 BTC would be enough, regardless of a country you live in.

10-20 BTC, that might suffice.

Yes you are right that one bitcoin is not enough for 20-30 years because today's price of Bitcoin is about $2700 and I think that this amount is not sufficient for 20 to 30 years because it is a very long time and one doesn't know about how much money he or she needs but if you want to increase your money or Bitcoin you need to invest this amount in some other companies so it will be your stable income.

canvan

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Quote from: crazyivan on June 13, 2017, 01:22:50 PM

I somehow do not think 1 BTC would be enough, regardless of a country you live in.

10-20 BTC, that might suffice.

It depends how high BTC will go, some people think 1 million dollars is in the realm of possibility. Obviously in the near future 1 BTC will never be enough but if you are buying for retirement in 20-30 years who knows.

Thule

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coins for reitrement ?

Worst decision you can make ever.
You should first read governmental and cooperation reports about cryptocurrency.
Governments want already to implement their own blockchain to public in 3 years which means that these coins will be exectly at that date worthless

crazyivan

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I somehow do not think 1 BTC would be enough, regardless of a country you live in.

10-20 BTC, that might suffice.

The_prodigy

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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)

Yes it always depends on the thing that you are wanted. If you want to make bitcoin as your source of income when you retired then you must have some more , it is not enough for your future that much you need more in order for you to secure your future. If you can try to earn more and more it doesnt matter if how much the bitcoin price now what matter most is for the future preferences.

hisuka2987

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Depending on the price of BTC, if things stay static somehow and a BTC is worth around $3000 then I guess 20 BTC could be considered a very good retirement in a third world country, that would probably be enough to buy a house with few rooms and can even rent a part of it as an investment.

Topic: BitCoin for Retirement - page 6. (Read 9081 times)