BitCoin for Retirement - page 9. | Bitcointalksearch.org

cotton ball

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Quote from: bitcoindusts on June 08, 2017, 11:41:25 AM

I believe that blockchain technology is the new trend, so I do not think that Bitcoin will be gone in a short period of time. I believe that if we invest a good amount today in bitcoin, we can be well rewarded after 5 to 10 years thus enough to get you well financed after your retirement.

I do not consider bitcoin as the main currency for maintaining real-world economic balance, but I have a belief in passive income if I apply bitcoin as a virtual asset in long term and automatically have a lot of hope for bitcoin. To support my life after retiring from a real job, at least I can continue to play it in trading market, if I consider it an asset I already understand the risks that will occur in the future.

tittensor

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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?

Yes, I think you can choose Bitcoin for retirement if you is a elder or have many idle cash. And when you comeback after 20 years, you can see it is a big money, can up to 100.000$, but it only my think Grin

bitcoindusts

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I believe that blockchain technology is the new trend, so I do not think that Bitcoin will be gone in a short period of time. I believe that if we invest a good amount today in bitcoin, we can be well rewarded after 5 to 10 years thus enough to get you well financed after your retirement.

ether19

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Activity: 532

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BTC. ETC. EOS

There are some wild predictions for bitcoin from $30,000 to $5,000,000 in the next 20 to 30 years. You can google and see for yourself. I personally feel that it is best to have at least 1BTC in your long term/ retirement portfolio and then try to invest additional funds into ETH, WAVES and other Dapps such as Iconomi, Singular DTV and hold for long term. All these tokens should help you with your retirement. And yeah, always have a back up plan!

myternity

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Yo!

Why not. Save 1 BTC, tattoo password of your account of evernote with btc wallet info somewhere on yourself, set alarm to 1st day of your retirement and forget about it

IftiM

newbie

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

espante

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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?

Its impossible to predict where bitcoin will be that far ahead but I'm guessing it will either be worth loads or it will be dead. The most likely scenario I can think of for it dying is it being replaced rather than crypto money disappearing completely.

wantjokull

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Not that good idea. Just 1 bitcoin from 20 years now. That's just very imaginative concept and might not be good for very very long terms. I know there is fuzz about bitcoin reaching 20 to 50 thousand dollar after decades of so. But I don't think we should rely on that speculation for such long period. Also, it is not advisable to risk our life on a currency that is hot in the market today.

nizamcc

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Bitcoin is an asset for retirement actually, but I don't think that 1 is enough. Saving a lot of coins or if possible, investing some part of your salary in bitcoins is the best thing you can do to retire early when the price will reach $1 million, and if we can see $3000 which seemed impossible one time, then going a million is possible too.

megynacuna

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Quote from: unisilver on June 08, 2017, 04:42:59 AM

Quote from: bering on June 07, 2017, 01:00:22 PM

in my point of view retirement means you will never working again to feed your family and i think 1 bitcoin isn't enough for your retirement even someday 1 bitcoin worth for $500k but the amount still not enough to endure the full cost of living so i think you have to get more bitcoin again for your retirement

i agree with you. even of the value of one btc will be up to 500k usd, we must consider the fact that as days go by, the prices of basic commodities are increasing too. still, that 1 btc is not enough.

Well I beg to differ, even though prices of basic necessities of life and grocery are simultaneously going up with Bitcoin prices the extent to which both are increasing are really different. Bitcoin is moving up exponentially compared to th basic necessities of life and so in 20 years I'm optimistic it will be enough to have a nice retirement because the expected value of Bitcoin then will so huge.

kpcian

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That's a good idea..
Through out the insurance policies, join in the Bitcoin platform, keep your investment for the future as well as after retirement, then enjoy your life while you are an old person. Bitcoin simply would be a great idea for saving, I think it would have been used for the future wisely...

unisilver

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Quote from: bering on June 07, 2017, 01:00:22 PM

in my point of view retirement means you will never working again to feed your family and i think 1 bitcoin isn't enough for your retirement even someday 1 bitcoin worth for $500k but the amount still not enough to endure the full cost of living so i think you have to get more bitcoin again for your retirement

i agree with you. even of the value of one btc will be up to 500k usd, we must consider the fact that as days go by, the prices of basic commodities are increasing too. still, that 1 btc is not enough.

Denker

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Quote from: hurain on June 08, 2017, 04:34:34 AM

Quote from: Remainder on June 08, 2017, 03:29:29 AM

Bitcoin for retirement is an option for me because it's like investment or saving.
It's depend on you on how you on how you budget your retirement but if you retire i'm sure you have a monthly pension then!
Investment in fruit tree is good also and bitcoin trading is also good if you know it but trading is easy just budget your money and time.

yes i think most of the people who are going to retired from their jobs will soon start trading in the wold of bitcoin. and i am sure that it will not take more than some months to become good traders, and hope that that will again become able to get a decent amount of money from trading altcoin.

Oh oh oh! Everytime I read something like that my alarm bells ring!
Trading is anything else but easy! It's one of the hardest things to earm money with. More than 90% of traders lose money instead making some!
Trading is so much more than just "buy low and sell high". To reach a certain level so that you can make a living of it it needs years of experience and at least 1 or 2 times where you burn yourself financially extremely hard to learn certain lessons!

hurain

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Quote from: Remainder on June 08, 2017, 03:29:29 AM

Bitcoin for retirement is an option for me because it's like investment or saving.
It's depend on you on how you on how you budget your retirement but if you retire i'm sure you have a monthly pension then!
Investment in fruit tree is good also and bitcoin trading is also good if you know it but trading is easy just budget your money and time.

yes i think most of the people who are going to retired from their jobs will soon start trading in the wold of bitcoin. and i am sure that it will not take more than some months to become good traders, and hope that that will again become able to get a decent amount of money from trading altcoin.

Eternu

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Quote from: whizter on June 07, 2017, 02:52:39 PM

Quote from: hatshepsut93 on June 07, 2017, 01:18:19 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?

It's impossible to predict the price with certainty, there's a very good chance that it will be high, but how high - no one can tell. Maybe just $10 000, maybe $25 000. maybe $100 000. If Bitcoin is only a part of your retirement portfolio, than invest whatever amount you are comfortable to invest now - if you can only afford 1 BTC, than buy it. if you can buy 2 or 3 BTC than do it.

in fact bitcoin is a good support to those people who are retired from their day job. if they have a little experience in trading they they can invest some other money in trading altcoin and can really get a good profit. and those people who do not have any experience in trading they should first start get some experience and after that they should invest money in trading altcoin .

That all sound so nice, but how can tell how long will some altcoin live, will it live long enough to be worth dealing with it on longer terms. With bitcoin you are certain to some point, because bitcoin is strongest cryptocurrency at the moment, and even with that it could happen that bitcoin fail in future. But i think that it wont hurt if person leave some bitcoins for future, it could happen to be worth a lot, or it could happen that it wont have worth at all.

Remainder

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Bitcoin for retirement is an option for me because it's like investment or saving.
It's depend on you on how you on how you budget your retirement but if you retire i'm sure you have a monthly pension then!
Investment in fruit tree is good also and bitcoin trading is also good if you know it but trading is easy just budget your money and time.

rumex

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Activity: 112

Merit: 10

I think it is too slim for a retirement budget though your projection is for 20yrs. Times may change and there may be unforeseen circumstances that may pop up.You also must remember that cryptocurrency market is volatile and unstable. That is my thinking anyway.

whizter

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Quote from: hatshepsut93 on June 07, 2017, 01:18:19 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?

It's impossible to predict the price with certainty, there's a very good chance that it will be high, but how high - no one can tell. Maybe just $10 000, maybe $25 000. maybe $100 000. If Bitcoin is only a part of your retirement portfolio, than invest whatever amount you are comfortable to invest now - if you can only afford 1 BTC, than buy it. if you can buy 2 or 3 BTC than do it.

in fact bitcoin is a good support to those people who are retired from their day job. if they have a little experience in trading they they can invest some other money in trading altcoin and can really get a good profit. and those people who do not have any experience in trading they should first start get some experience and after that they should invest money in trading altcoin .

hatshepsut93

legendary

Activity: 3024

Merit: 2148

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?

It's impossible to predict the price with certainty, there's a very good chance that it will be high, but how high - no one can tell. Maybe just $10 000, maybe $25 000. maybe $100 000. If Bitcoin is only a part of your retirement portfolio, than invest whatever amount you are comfortable to invest now - if you can only afford 1 BTC, than buy it. if you can buy 2 or 3 BTC than do it.

Rahar02

hero member

Activity: 910

Merit: 523

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?

How old are you? Waiting for 20 years? 1 bitcoin is enough if you wait for 20 years later. If bitcoin could grow 100% every year, than it may reach at least $25,000 without consider any problem or crash.
If you have more money, better to purchase more bitcoin maybe 2-5BTC before its price increase again.
But you did it well to divide your investment for retirement.

Topic: BitCoin for Retirement - page 9. (Read 9081 times)