BitCoin for Retirement - page 8. | Bitcointalksearch.org

Wapinter

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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 go by the latest trend in bitcoin price and its historical analysis, yes 1 btc would be more than enough but that said, you can't live on prediction or assumptions.Make sure you also have other means to support your retirement life in case btc failed.

NEWGOODOUBLE

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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..

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

aoluain

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Quote from: Golftech on June 08, 2017, 10:39:52 PM

Quote from: Farcoin12 on June 08, 2017, 10:32:23 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?

I definitely do not think that only a single bitcoin will be enough when all of us go into retirement. I am going to keep earning and trading bitcoin so that I can have as much bitcoin when I retire.

well if you can do that way its much better keeping bitcoin to grow more while you still have capability, allow your day job to provide your needs and let your bitcoin to be kept until the time of your retirement, for sure you will save more and it will bring fortune and you will be more stable from that time then.

agree!

I think 1 bitcoin stashed away for retirement is fine.
if you can afford to sink €2500 for 1 BTC on a longterm hold thats a good start.

Nobody can tell what will happen in the future and some of the predictions are very very interesting indeed!

I believe we do need to do something for the future and creating a mix of "investments" is good planning.

Here in Ireland we are facing an uncertain future in relation to state pensions
because there is less and less people employed and more and more people retiring.
So at todays statistics the amount employed in the future will not be able to fund the amount of retirees.

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Quote from: irukandji on June 08, 2017, 09:49:51 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?

If bitcoin is till around in 20 years you will probably only need one bitcoin!

maybe what you said is true and we only hope that we are still live in that time so we can use our bitcoin to bought something or maybe we can give our bitcoin into our children so they can use it for their needs. from beginning in 2009 until now 2017, bitcoin is already 8 years and there are still 12 years more to wait until 20 years. i am curious too what will happen in 20 years later after the first launching of bitcoin.

Renji Abarai

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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.

slaman29

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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

gabbie2010

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It is a very good idea to save 1 BTC for retirement the reason is that some few years a go nobody ever thought that the price of bitcoin will skyrocket to it's present price so also we can also speculate or predict that the price will reach a higher price in 20 years time because prices always respect history. This will serve as a perfect retirement plan.

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Quote from: BeGoods on June 08, 2017, 11:38:22 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..

I think 1 btc will be too small even though the price in the future will be very high. It's better to collect a lot of the bitcoin it will be safer, and it will make you rich in the future

Yeah, 1 btc is quite small for a better profiting and improve our living standards on retirement. As users have stated even one bitcoin will be more valuable than the present as we have much time space of 20 years. Right now it's good to invest a small amount periodically and make a better living after years, because growth is something assured with bitcoin.

DOGE12321

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Wow... I can't imagine living my retirement with only 1 Bitcoin, even 20 years from now.

Firstly, placing Bitcoin as your retirement option is risky as it is a cryptocurrency that is exposed to price fluctuations. Its price and value can jump up and down exponentially, especially 20 years from now.

BeGoods

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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..

I think 1 btc will be too small even though the price in the future will be very high. It's better to collect a lot of the bitcoin it will be safer, and it will make you rich in the future

nasipadang

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20 years is relatively long moreover you only have 1 bitcoin I think it is too small for the cost of your life, if your plantation does not produce much results and you can't always take care of the estate in your old age, you have to think this through carefully

Golftech

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Quote from: Farcoin12 on June 08, 2017, 10:32:23 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?

I definitely do not think that only a single bitcoin will be enough when all of us go into retirement. I am going to keep earning and trading bitcoin so that I can have as much bitcoin when I retire.

well if you can do that way its much better keeping bitcoin to grow more while you still have capability, allow your day job to provide your needs and let your bitcoin to be kept until the time of your retirement, for sure you will save more and it will bring fortune and you will be more stable from that time then.

Farcoin12

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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 definitely do not think that only a single bitcoin will be enough when all of us go into retirement. I am going to keep earning and trading bitcoin so that I can have as much bitcoin when I retire.

coynedterm

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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 .

k@suy

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I am also thinking of this idea and as possible I am also keeping and set aside a small amount of bitcoins for future and even for retirement. My target in only 1 BTC, and I am optimistic of the future, how do we know, it might really reach $500,000 after 20 years or more.

unisilver

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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..

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.

noictib

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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?

No , I don't think that 1 btc will be sufficient for us during the retirement , because in the future with the increase of the price of the Bitcoin , there will be increase in the price of the practical life things and that will results into lack of money soon even we cashout 1 btc .
So here I need my opinion we need to have atleast 10btc , because with the 10 btc we have full trust with ourselves that we can do even much more better in the last stage of our life .As we have no limits of thinking , so we can something more better with the money .
Here I myself saving Bitcoin for the 10 years , I hope everything will be good and my retirement from the Bitcoin job will make me billionaire of my community .

irukandji

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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?

If bitcoin is till around in 20 years you will probably only need one bitcoin!

asdalani

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Quote from: lemonade09 on June 07, 2017, 09:35:46 AM

Bitcoin can be for retirement. Because when you are already retired and you don't have enough strength on traveling or in doing hard jobs bitcoin is essential to be do. Because in gaining bitcoin you don't need so much effort all you have needed is a personal computer and internet connection and your brain.

I think that the people that hold onto Bitcoin for retirement are relying on it too much. The reason why Bitcoin should not be a source for a reliable income is because the price of it could drop to zero without much effort from someone that decided to purchase a bunch of coins. If a dump like that happened then it would be a while till Bitcoin Exchanges get the money to recover the price.

zarintasnim

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Bitcoin for retirement its good idea. But its long time difficult to say what happen distant future. If another coin overcome bitcoin or price gose down. Although its possibility 0% . Because bitcoin price is increasing

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