BitCoin for Retirement - page 7. | Bitcointalksearch.org

South Park

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Quote from: bncbnc on June 10, 2017, 01:34:04 PM

Quote from: MRlong on June 10, 2017, 11:40:06 AM

Quote from: Renji Abarai on June 09, 2017, 12:57:47 AM

Quote from: coynedterm on June 08, 2017, 10:28:45 PM

Quote from: unisilver on June 08, 2017, 10:17:48 PM

Quote from: IftiM on June 08, 2017, 11:19:19 AM

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

Ues to be exact because will never know the time and timing its more important to have another option than be more dependent on this. Anytime the value change.

Yeah , true , so here I am thinking we should bought another coins also that has seems to be good future .
Here I think we should hold atleast 5 btc for the future and altclins with the value of 5 btc .
I mean 1btc= eth
   1btc = dash
   1btc = ripple
   1btc = Monero
   1btc = dgb .
With the good future of the Bitcoin these altcoins also has bright future , so here in my opinion we should have these altxoins , it may be possible with the time increase they are also have the increase in value and demand and will reach to the value of the Bitcoin , so here we are not only making money with the Bitcoin but also with the other altcoins and turning our risk into minimum by holding many altcoins with Bitcoin .

This is a good idea. You diversified our 1 bitcoin to other top coins being traded. For what we know, this coin has great potential to grow more. I think its time to start accumulating. Oh BTW this is not the only retirement plan I have. This is only to augment, since bitcoin is very promising.

I not think Ripple is good choice for long-term, this is a Token and I not see more benefit for community.
ETH have smart contract is very good and recently, it very help more ICOs success as BAT, SC, ...

i think those people who have little assets to invest, then they have good choice to invest in ripple. the price of Etherium is too much high for small investor and therefore they cannot purchase a good amount of Etherium with such a low amount. i personally studying Ripple for investment. in fact i have some spare money and i want to invest it in some profitable altcon, from where i can get a good profit in a short period of time.

When you trade, it is not the price at what you buy that is the most important it is the price at what you sell that matters the most, if you buy ETH for the current price it does not matter if you can only afford 1 ETH if later you can sell it for ten times its value, even if you could buy more ripple for the same amount of money EHT would have been the best investment if you could only sell your ripple for five times its value.

peter0425

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Quote from: MRlong on June 10, 2017, 11:40:06 AM

Quote from: Renji Abarai on June 09, 2017, 12:57:47 AM

Quote from: coynedterm on June 08, 2017, 10:28:45 PM

Quote from: unisilver on June 08, 2017, 10:17:48 PM

Quote from: IftiM on June 08, 2017, 11:19:19 AM

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

Ues to be exact because will never know the time and timing its more important to have another option than be more dependent on this. Anytime the value change.

Yeah , true , so here I am thinking we should bought another coins also that has seems to be good future .
Here I think we should hold atleast 5 btc for the future and altclins with the value of 5 btc .
I mean 1btc= eth
1btc = dash
1btc = ripple
1btc = Monero
1btc = dgb .
With the good future of the Bitcoin these altcoins also has bright future , so here in my opinion we should have these altxoins , it may be possible with the time increase they are also have the increase in value and demand and will reach to the value of the Bitcoin , so here we are not only making money with the Bitcoin but also with the other altcoins and turning our risk into minimum by holding many altcoins with Bitcoin .

This is a good idea. You diversified our 1 bitcoin to other top coins being traded. For what we know, this coin has great potential to grow more. I think its time to start accumulating. Oh BTW this is not the only retirement plan I have. This is only to augment, since bitcoin is very promising.

I not think Ripple is good choice for long-term, this is a Token and I not see more benefit for community.
ETH have smart contract is very good and recently, it very help more ICOs success as BAT, SC, ...

ETH is really taking of because of its smart contract and I see a lot of Crowdsale are offering ETH as one coin for investment beside bitcoin. This maybe the reason why the price of ETH is soaring right now. I think if I'm going to investment, I will put more on ETH, as least 2 btc and less on Ripple and dbg.

bncbnc

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Quote from: MRlong on June 10, 2017, 11:40:06 AM

Quote from: Renji Abarai on June 09, 2017, 12:57:47 AM

Quote from: coynedterm on June 08, 2017, 10:28:45 PM

Quote from: unisilver on June 08, 2017, 10:17:48 PM

Quote from: IftiM on June 08, 2017, 11:19:19 AM

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

Ues to be exact because will never know the time and timing its more important to have another option than be more dependent on this. Anytime the value change.

Yeah , true , so here I am thinking we should bought another coins also that has seems to be good future .
Here I think we should hold atleast 5 btc for the future and altclins with the value of 5 btc .
I mean 1btc= eth
   1btc = dash
   1btc = ripple
   1btc = Monero
   1btc = dgb .
With the good future of the Bitcoin these altcoins also has bright future , so here in my opinion we should have these altxoins , it may be possible with the time increase they are also have the increase in value and demand and will reach to the value of the Bitcoin , so here we are not only making money with the Bitcoin but also with the other altcoins and turning our risk into minimum by holding many altcoins with Bitcoin .

This is a good idea. You diversified our 1 bitcoin to other top coins being traded. For what we know, this coin has great potential to grow more. I think its time to start accumulating. Oh BTW this is not the only retirement plan I have. This is only to augment, since bitcoin is very promising.

I not think Ripple is good choice for long-term, this is a Token and I not see more benefit for community.
ETH have smart contract is very good and recently, it very help more ICOs success as BAT, SC, ...

i think those people who have little assets to invest, then they have good choice to invest in ripple. the price of Etherium is too much high for small investor and therefore they cannot purchase a good amount of Etherium with such a low amount. i personally studying Ripple for investment. in fact i have some spare money and i want to invest it in some profitable altcon, from where i can get a good profit in a short period of time.

MRlong

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Quote from: Renji Abarai on June 09, 2017, 12:57:47 AM

Quote from: coynedterm on June 08, 2017, 10:28:45 PM

Quote from: unisilver on June 08, 2017, 10:17:48 PM

Quote from: IftiM on June 08, 2017, 11:19:19 AM

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

Ues to be exact because will never know the time and timing its more important to have another option than be more dependent on this. Anytime the value change.

Yeah , true , so here I am thinking we should bought another coins also that has seems to be good future .
Here I think we should hold atleast 5 btc for the future and altclins with the value of 5 btc .
I mean 1btc= eth
1btc = dash
1btc = ripple
1btc = Monero
1btc = dgb .
With the good future of the Bitcoin these altcoins also has bright future , so here in my opinion we should have these altxoins , it may be possible with the time increase they are also have the increase in value and demand and will reach to the value of the Bitcoin , so here we are not only making money with the Bitcoin but also with the other altcoins and turning our risk into minimum by holding many altcoins with Bitcoin .

This is a good idea. You diversified our 1 bitcoin to other top coins being traded. For what we know, this coin has great potential to grow more. I think its time to start accumulating. Oh BTW this is not the only retirement plan I have. This is only to augment, since bitcoin is very promising.

I not think Ripple is good choice for long-term, this is a Token and I not see more benefit for community.
ETH have smart contract is very good and recently, it very help more ICOs success as BAT, SC, ...

Xester

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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?

Well we do not know what future lies ahead on bitcoin. While we all pressumed that its price after 20 years will go up as it what we all want but what if by that time it will vanished. No more bitcoin because of some glitch or hacked or whatever. Still have some good amount of money and try to earn or have more bitcoins. I think 5 bitcoins will be good enough at your retirement.

South Park

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I am terrible at Fantasy Football!!!

Quote from: mornabo on June 09, 2017, 05:30:38 PM

Quote from: IftiM on June 08, 2017, 11:19:19 AM

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

For my retirement I would not depend on 1 btc. Although prices in the next few years may be very high. But I will target more than 30 btc for my retirement

Correct and the best part of it is that not only you can use those 30BTC for your retirement, you could invest those coins to get profits and instead of spending your coins you could spent the earnings you get out of them, this is especially true if you are a trader, since you are talking about using 30 coins for your retirement then I suppose you are talking about using 1 or 2 coins a year, but a good trader could earn more than that.

truongdhnh

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Quote from: KesoNie on June 09, 2017, 11:28:01 PM

Quote from: NEWGOODOUBLE on June 09, 2017, 07:21:30 AM

Quote from: IftiM on June 08, 2017, 11:19:19 AM

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

I think it would be better if you give a big target. Such as collecting at least 100 btc or more. It will keep you motivated. Rather than a small target it will make you lazy

You should save more bitcoin for the future and the more bitcoin that you will save now, the many saving that you would have for the future. Bitcoin is a good for long term investment. So you must save it for the future preferences. Save bitcoin and stored it, earn more now. I wish that i could save more too.

I am extremely optimistic about bitcoins future but even I wouldn't invest all into BTC although he price is going higher due to increasing demand while supply is increasing more slowly.

CryptoBry

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Quote from: NorrisK on June 06, 2017, 05:47:10 AM

Instead of doing a 1 time 1 bitcoin deposit, I would consider monthly additions to the fund. Start your fund with the planned 1 bitcoin and then add for instance your signature campaign earnings to this fund if you don't need those funds to get by currently. This way, you will grow your bitcoin fund over the years to make sure it grows with the increasing standard and cost of living your country will go through. Also, keep an eye on the developments. For all you know, for some reason bitcoin will shift out and be replaced by others. You wouldn't want to end up with nothing in twenty years.

I do agree with this strategy. You can put up a retirement program primarily involving cryptocurrencies which means not just Bitcoin but also mixed currencies to provide balance and lessen the risks as years go by. There are also other nice and potentially profitable coins/tokens around worth looking at.

Kyraishi

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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 think that holding bitcoin is a great idea for retirement, because you never know what's going to happen with bitcoin price in the short run but what you can be sure is that it will rise in the long run due to the fact that there will only be 21 million ever created.

It's a good hedge against fiat currencies and fiats aren't going to survive beyond 2030. Mark my words.

I don't think that 1 btc is enough, at least for now. If you are retiring in 2070 then yeah but if you are retiring before that decade then you should have at least 5 ready. There isn't really an accurate minimum of what is enough, but as i said 5 seems like a good amount to hold.

BitcoinzB

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We can't really rely on bitcoin value for retirement; we definitely need to rely on something more stable and which fluctuates less
But the hope is that it will go up in value and be a decent added fund to what we already saved

LostWords

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As long as your altcoin investments aren't losing, thats a great way to gain more BTC and saving BTC in the meantime too. Let's say you invested 0,5 BTC in multiple altcoins. One of them you have invested 0,2 BTC in and that becomes worth 10 times more -> = 2 BTC thre and lets say the others didnt gain much = 0,3 + 2 BTC = 2,3 BTC. And during that time you just hold and wait 10 years (with little investing here and there) if BTC then becomes 10 times it's worth, then you have made great investment for maybe a retirement depending of your country.

KesoNie

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Quote from: NEWGOODOUBLE on June 09, 2017, 07:21:30 AM

Quote from: IftiM on June 08, 2017, 11:19:19 AM

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

I think it would be better if you give a big target. Such as collecting at least 100 btc or more. It will keep you motivated. Rather than a small target it will make you lazy

You should save more bitcoin for the future and the more bitcoin that you will save now, the many saving that you would have for the future. Bitcoin is a good for long term investment. So you must save it for the future preferences. Save bitcoin and stored it, earn more now. I wish that i could save more too.

Barbarian

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Quote from: Velkro on June 06, 2017, 07:13:44 AM

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

or go all in and be madly rich for retirement
Two ways of doing retirement, on hawaii islands or in hospital care ;P

It depends on how much are you willing to sacrifice now in order to reap the fruits tomorrow, many persons are now persons, persons that only care about the present and not the future, that is why there are mandatory retirement plans from the government.

easynote

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Quote from: slaman29 on June 09, 2017, 12:57:15 AM

Well, I really hope the predictions of some "experts" that the 1 million dollar bitcoin is possible between 2020-2040. I won't have 1 bitcoin maybe but I will have hopefully half. Half a million is good enough, I will be 53 in 2040 and still 12 years from retirement, so I can afford to wait until 2052

One million dollars per Bitcoin would be a nice price for the people that are holding Bitcoin. I am sure that there will be a bunch of people that will regret spending their coins when the price of Bitcoin was only a couple of digits. People were complaining about the price then and it would be pretty interesting to see what they state if the price reaches a million dollars.

aTriz

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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 live in a third world country - absolutely. I believe that 1 bitcoin is going to be worth at least $100,000 when I retire at least and that's going to be a fortune in a third world country especially in Asia where htings are so cheap.

I am actually planning on retiring in a foreign country, because things are so bloody expensive here.

Keep stacking your coins and you'll be rewarded greatly. Trust me. Try to get more than 1 bitcoin if that is possible because bitcoin has a fixed amount of 21 million maximum. If you keep fiat it'll depreciate. If you keep bitcoin it'll appreciate.

MingLee

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Quote from: slaman29 on June 09, 2017, 12:57:15 AM

Well, I really hope the predictions of some "experts" that the 1 million dollar bitcoin is possible between 2020-2040. I won't have 1 bitcoin maybe but I will have hopefully half. Half a million is good enough, I will be 53 in 2040 and still 12 years from retirement, so I can afford to wait until 2052

If Bitcoin can get to that point then I would be happy to retire completely (mostly) off of what I have earned from Bitcoin. As long as I keep building up the value until that point, and it does reach that point, I'll be happy. It just comes down to whether or not the market is actually going to move in that direction or stagnate somewhere below that. It isn't impossible for the market to slow down a lot before hitting the $1m mark.

mornabo

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Quote from: IftiM on June 08, 2017, 11:19:19 AM

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

For my retirement I would not depend on 1 btc. Although prices in the next few years may be very high. But I will target more than 30 btc for my retirement

agatha818

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we save our bitcoin for our future and our retirement, absolutely a great investment!

South Park

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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?

Since you are talking about diversifying your options then why not, I think it will be a mistake to put all your eggs in one basket even if the basket is bitcoin, but since you are talking about investing in other business that are very resistant to any kind of economic crisis like farming then you are going to be ok, the most important thing is to save and invest as much as you can.

szpalata

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Quote from: NEWGOODOUBLE on June 09, 2017, 07:21:30 AM

Quote from: IftiM on June 08, 2017, 11:19:19 AM

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

I think it would be better if you give a big target. Such as collecting at least 100 btc or more. It will keep you motivated. Rather than a small target it will make you lazy

The methods of collection may differ from person to person and so if you're planning on earning through signature campaigns and faucets, others are either mining or buying with fiats and so the possibility of getting lazy along the way is likely to affect you than others. Secondly I think setting a target if 100 BTC signifies greed on your side because there are just 21 million BTC and if everyone was to target 100 BTC I don't think there will be enough for justva single country.

Topic: BitCoin for Retirement - page 7. (Read 9081 times)