It's a smart thought however we can accomplish something which is a substitute for this. We can purchase bitcoin with our resigning benefits. Bitcoin is as yet very little include with us, a large portion of individuals are not knowledgeable with bitcoins they can lose their coins, I additionally accept that destitute individuals would prefer not to learn digital money and went through their lay of time on earth with families and little benefits. The main way is purchasing bitcoins with the annuity and hold them
Topic: Bitcoin retirement account (Read 883 times)
I think that this is almost the most ingenious fraud that could be invented.
And not even for profit but just for a joke. Do you understand that BTC is still, as much as you would like, it is not for all times? and its price will not grow forever and will not strive for an infinite number of dollars for 1 satoshi.
Words and news about retirement plans in BTC or in other cryptocurrencies cause me only laughter and emotion - that people are able to believe in such things. None of the current coins are the eternal
And not even for profit but just for a joke. Do you understand that BTC is still, as much as you would like, it is not for all times? and its price will not grow forever and will not strive for an infinite number of dollars for 1 satoshi.
Words and news about retirement plans in BTC or in other cryptocurrencies cause me only laughter and emotion - that people are able to believe in such things. None of the current coins are the eternal
I kind of find it funny that there are so many alts that increased so much and gave people so many profits and just because there are more alts that caused a huge loss to people there are some that disregard alts as a whole.
I get that there are 1000+ projects that caused people to lose money, and that is a very sad thing, however there has been 100 projects that made people tons of profit as well. Should we disregard all those 100's of coins as "alts are bad" just because there are thousands that were actually bad?
We should instead try to say stuff like "bitcoin is a more guaranteed profit in the long run whereas alts are risky if you can't pick the right one" and that sentence explains the whole crypto market situation without generalizing anything at the same time.
I get that there are 1000+ projects that caused people to lose money, and that is a very sad thing, however there has been 100 projects that made people tons of profit as well. Should we disregard all those 100's of coins as "alts are bad" just because there are thousands that were actually bad?
We should instead try to say stuff like "bitcoin is a more guaranteed profit in the long run whereas alts are risky if you can't pick the right one" and that sentence explains the whole crypto market situation without generalizing anything at the same time.
If you want hold Bitcoin in such a way, then you should make sure that you’re doing in a way whereby you will be in full control of your assets. You can just be making use of a hardware wallet and store your private in different safe places so that it can be completely secure.
Although there isn’t much wrong with storing with a centralized wallet, if they are really good and trustworthy, but one thing you wouldn’t like is that if the platform happens to encounter any problem in future you’re going to be affected by it. But if you’re in full control, you’re not going to worry much as long as you know what you’re doing.
Although there isn’t much wrong with storing with a centralized wallet, if they are really good and trustworthy, but one thing you wouldn’t like is that if the platform happens to encounter any problem in future you’re going to be affected by it. But if you’re in full control, you’re not going to worry much as long as you know what you’re doing.
This is a good recommendation, maybe the retirement fund can be directly setup in your name, so you wouldn't have to go the extra mile through the investment company. The more control we have over our investment the better. But this wouldn't then called a retirement fund I think. Maybe the company could support us in investing into an ordinary investment fund with a focus on crypt currencies instead.
If you want hold Bitcoin in such a way, then you should make sure that you’re doing in a way whereby you will be in full control of your assets. You can just be making use of a hardware wallet and store your private in different safe places so that it can be completely secure.
Although there isn’t much wrong with storing with a centralized wallet, if they are really good and trustworthy, but one thing you wouldn’t like is that if the platform happens to encounter any problem in future you’re going to be affected by it. But if you’re in full control, you’re not going to worry much as long as you know what you’re doing.
Although there isn’t much wrong with storing with a centralized wallet, if they are really good and trustworthy, but one thing you wouldn’t like is that if the platform happens to encounter any problem in future you’re going to be affected by it. But if you’re in full control, you’re not going to worry much as long as you know what you’re doing.
It's a great plan and I have a similar savings plan and have published it to my college friends. They were really convinced by me because the value of Bitcoin will really be very high in the future.
But to optimize your plan, you should spend about 30 minutes per day analyzing the market and choosing the price to buy bitcoin and hold over the long term. This will reduce the risk of your portfolio as well as when you need money urgently you will sell Bitcoin at a profit, not at a loss.
But to optimize your plan, you should spend about 30 minutes per day analyzing the market and choosing the price to buy bitcoin and hold over the long term. This will reduce the risk of your portfolio as well as when you need money urgently you will sell Bitcoin at a profit, not at a loss.
All this is fine. But at the same time, you should understand that major corrections can occur, in which the exchange rates can go down by as much as 20% or 30% and stay at that level for many months. The trick is not to panic and to hold on to your coins. The biggest enemy of a cryptocurrency investor is panic selling. If you can avoid it, then you will be able to rake in good amount of profit.
But I have one question, what's about all other alts?
I think we can trust other coins and tokens! There're many of them, it's true, but I believe there are gems among them! Simply crypto is growing, and even Bitcoin is a leading force I can't underestimate some alts!
Yeah! I will not be biased here and just simply discount what alts can do. The reputation of alts are tarnished because of the bad projects in the past but we can admit that there are really good and profitable ones existing among them. Just br careful on choosing because no one knows if you are already holding a sh*tcoin or not. So my advice is to hold reputable ones such as xrp, doge, ltc, eth, monero and other top tier coins. Don't out all your hopes in upcoming "promising" coins. Do not experiment this time because you are putting your future at risk. I think we can trust other coins and tokens! There're many of them, it's true, but I believe there are gems among them! Simply crypto is growing, and even Bitcoin is a leading force I can't underestimate some alts!
But in my opinion, playing safe is the best option. So if ever I will make my own retirement plan, I will definitely choose btc all the way because that's the coin fall last if ever things don't go well
. 
Bitcoin as a retirement can be applied ONLY to those people who have knowledge on Bitcoin since they are young (around 20-30's I think or even 40's).
I know that there is nothing wrong with Bitcoin as a retirement but with its volatility, I doubt that those elder people can handle it especially those elder people who doesn't have any background regarding investing.
Bitcoin has been created so that you can make a transaction without using 3rd party so when it comes to retirement, you don't need the help of anybody too since you can create your account too right?? Just buy a hardware wallet, hold your Bitcoins and there you created your account already.
I know that there is nothing wrong with Bitcoin as a retirement but with its volatility, I doubt that those elder people can handle it especially those elder people who doesn't have any background regarding investing.
Bitcoin has been created so that you can make a transaction without using 3rd party so when it comes to retirement, you don't need the help of anybody too since you can create your account too right?? Just buy a hardware wallet, hold your Bitcoins and there you created your account already.
I believe employees in all countries would have this type of investment plan in a way there would be companies rendering services in which the employee would be saving 10% or more of his/her salary into retirement account. This type of investment would be tax free and I believe this is how it supposed to work in all countries. Normally, people save fiats into retirement account, and as we know that fiats are fully vulnerable to governmental manipulations which can result to fiats value depreciation/devaluation.
I believe that most of the employees around the world doesn't even know how to investment into different investments especially crypto unless you introduce it to them. I also doubt that this might happen in the future since Bitcoin is very volatile. One thing more is that like fiat, crypto is vulnerable too to manipulations. If Fiat is being manipulated by government, crypto is being manipulated too by whales 
In my opinion, there is nothing wrong with trying to make Bitcoin a retirement plan, I have indeed been running it from 2018.
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It's a great plan and I have a similar savings plan and have published it to my college friends. They were really convinced by me because the value of Bitcoin will really be very high in the future.
But to optimize your plan, you should spend about 30 minutes per day analyzing the market and choosing the price to buy bitcoin and hold over the long term. This will reduce the risk of your portfolio as well as when you need money urgently you will sell Bitcoin at a profit, not at a loss.
It's all good and I agree with you, if you wish to make some investments in Bitcoin it's great, and if you watch the price and you manage to buy in dips you will maximize your profit!
I agree with OP too! Bitcoin is a good retirement plan! Let's be clear on this, it's still a good plan (Bitcoin price will rise), and for sure it's great for people who did it already!
But I have one question, what's about all other alts?
I think we can trust other coins and tokens! There're many of them, it's true, but I believe there are gems among them! Simply crypto is growing, and even Bitcoin is a leading force I can't underestimate some alts!
I respect this topic and I have respect for Bitcoin, but I believe in other projects as well! Simply the future is crypto, I believe in that Bitcoin will stay on the top, but there are a lot of free space behind!
In my opinion, there is nothing wrong with trying to make Bitcoin a retirement plan, I have indeed been running it from 2018.
I always buy Bitcoin every month for $ 50, then I store it in a wallet which I plan to retirement account. It doesn't feel like it has
been running for two years, my target is until 2030. Hopefully I can be consistent and in 2030 I can enjoy the Bitcoin that I have
and hope Bitcoin in 2030 the price is very high.
It's a great plan and I have a similar savings plan and have published it to my college friends. They were really convinced by me because the value of Bitcoin will really be very high in the future.I always buy Bitcoin every month for $ 50, then I store it in a wallet which I plan to retirement account. It doesn't feel like it has
been running for two years, my target is until 2030. Hopefully I can be consistent and in 2030 I can enjoy the Bitcoin that I have
and hope Bitcoin in 2030 the price is very high.
But to optimize your plan, you should spend about 30 minutes per day analyzing the market and choosing the price to buy bitcoin and hold over the long term. This will reduce the risk of your portfolio as well as when you need money urgently you will sell Bitcoin at a profit, not at a loss.
I understand that some people prefer third party services to manage their retirement funds. But the big question is whether this is needed with the Bitcoin holdings or not. Unlike the case with treasury bonds or mutual funds, it is very easy to self-manage cryptocurrency holdings. So if I want to keep Bitcoin for my retirement funds, then I would do that myself rather than involving any third party.
Once you involved yourself to this industry chances that you'll save portions of your investment for long term hold. Anticipating that in the next following years the value will really rise.
Nature inside us that we want to take advantage of each opportunities that may open along the way, why allow others to handle your funds if you can do it by yourself and enjoy after.
Correct! I wont really be having the confidence on living out my funds into others hands even if we do talk about security or insurances where you can actually held of those funds on your own.
Its true that it is really somewhat risky on putting your money into crypto or Bitcoin but its really hard to ignore the chances on benefitting it out in the future is there but
always take precautionary measures and be aware on the risk when you decide to put up or trust up your funds with this market but be sure always
save up on the safer side like on traditional kind of things.
I understand that some people prefer third party services to manage their retirement funds. But the big question is whether this is needed with the Bitcoin holdings or not. Unlike the case with treasury bonds or mutual funds, it is very easy to self-manage cryptocurrency holdings. So if I want to keep Bitcoin for my retirement funds, then I would do that myself rather than involving any third party.
Once you involved yourself to this industry chances that you'll save portions of your investment for long term hold. Anticipating that in the next following years the value will really rise.
Nature inside us that we want to take advantage of each opportunities that may open along the way, why allow others to handle your funds if you can do it by yourself and enjoy after.
I believe employees in all countries would have this type of investment plan in a way there would be companies rendering services in which the employee would be saving 10% or more of his/her salary into retirement account. This type of investment would be tax free and I believe this is how it supposed to work in all countries. Normally, people save fiats into retirement account, and as we know that fiats are fully vulnerable to governmental manipulations which can result to fiats value depreciation/devaluation.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
On 1, privacy isn't really that big of selling point. It's not like thieves have access to your wealth currently to the point where bitcoin would protect you. I don't see what benefit you're trying to say that bitcoin provides in this instance from thieves.
On 2, money that appreciates in value may be good for savers, but it's bad for the overall economy because it depresses economic activity compared to inflationary money. Governments are pretty much in existence these days to promote societal stability and the way you have the most stability is a good economy, which a deflationary currency will not promote well.
When you have things like blockchain, hardware wallets, wallets that are inpenetrable and many more in your defense, what would be the reason to actually use a bitcoin retirement account? However one thing is for sure, regular retirement accounts do actually work for your benefit.
My father retired very early at the age of 48, which was awesome for him in the sense that he didn't had to work and had a decent amount of income but also he kept going, after he retired from his initial government backed retirement bonus and income, he decided he will have a second one until he retires next, worked until he was 60 and for that 12 years paid a private banks retirement system and now he has 2 retirement accounts that pays him monthly until he dies. That is the type of thing everyone should have when they are old.
My father retired very early at the age of 48, which was awesome for him in the sense that he didn't had to work and had a decent amount of income but also he kept going, after he retired from his initial government backed retirement bonus and income, he decided he will have a second one until he retires next, worked until he was 60 and for that 12 years paid a private banks retirement system and now he has 2 retirement accounts that pays him monthly until he dies. That is the type of thing everyone should have when they are old.
I understand that some people prefer third party services to manage their retirement funds. But the big question is whether this is needed with the Bitcoin holdings or not. Unlike the case with treasury bonds or mutual funds, it is very easy to self-manage cryptocurrency holdings. So if I want to keep Bitcoin for my retirement funds, then I would do that myself rather than involving any third party.
It can be a retirement account but it may also leads your account to become zero. Bitcoin is really volatile, we don't know where it further goes. It may gives us a solid retirement fund specially when you bought it when bitcoin went down. But as of now, it is not recommended to buy bitcoin and hold for future use. Since bitcoin is currently dominating the market and experiencing bull run we don't know if in the future bitcoin will move down.
Bitcoin retirement account is also good for every bitcoin user. We are always looking for this because anytime we could lost our job, anytime we could be weak and we will get old someday so it would be better if we have this kind of feature in cryptocurrency, but the volatility of the bitcoin makes it a problem to be applied, even though we are looking for a long term investment, we still cannot say when we are going to retire in our work.
You definitely can't rely on just one currency to secure your future. It is best to use several options for saving, since even national currencies do not have much confidence. Based on this, I am accumulating national currency, dollars and cryptocurrency, while using not only Bitcoin, but also Ethereum. In fact, I do not use any pension fund, since all my activities are aimed at providing for myself in old age and my family now and in the future.
That's exactly what i think 2 years ago,That what about my retirement or emergency cases that I will be needing Good amount to sustain my daily living
and with the nature of being employee i knew this won't happen in good faith.
That's why i start investing my time and small money here in crypto in which my extra time and extra money are being invested to Bitcoin and some altcoins for the future,because no one knows what will tomorrow can bring so that's why we need to be ready and fix .
and with the nature of being employee i knew this won't happen in good faith.
That's why i start investing my time and small money here in crypto in which my extra time and extra money are being invested to Bitcoin and some altcoins for the future,because no one knows what will tomorrow can bring so that's why we need to be ready and fix .
It's good as long as you'll also have a fiat emergency fund because we'll never know what will happen in Bitcoin and to other cryptocurrencies in every tomorrow that will come, that's why having a back up saving is good as well. The other thing is that if you'll cashing out your Bitcoin if you don't have anymore money in the future as a retired person, cashing out in bulk amount would be good to save transaction fee.
Because if you'll only cash out let's say $500 budget for a week with a $50 transaction fee worth of bitcoin, and the $500 you cashed out is going to be spent in just few days, then your transaction fee will pile up and it will be expensive when you sum it up.
In my opinion, there is nothing wrong with trying to make Bitcoin a retirement plan, I have indeed been running it from 2018.
I always buy Bitcoin every month for $ 50, then I store it in a wallet which I plan to retirement account. It doesn't feel like it has
been running for two years, my target is until 2030. Hopefully I can be consistent and in 2030 I can enjoy the Bitcoin that I have
and hope Bitcoin in 2030 the price is very high.
I did this before ATH in 2017 and was able to gain some profits but after that even I plan to do it too after all time high it's quite hard to do as I see the price getting lower in value. So I make it to a point to just save first in my faiat wallet and just convert it into btc whenever BTC price have a sudden drop. Though if consistently saving in BTC and sure to have long term goal then definitely it is worth doing for as BTC still have plenty of potential. I always buy Bitcoin every month for $ 50, then I store it in a wallet which I plan to retirement account. It doesn't feel like it has
been running for two years, my target is until 2030. Hopefully I can be consistent and in 2030 I can enjoy the Bitcoin that I have
and hope Bitcoin in 2030 the price is very high.
In my opinion, there is nothing wrong with trying to make Bitcoin a retirement plan, I have indeed been running it from 2018.
I always buy Bitcoin every month for $ 50, then I store it in a wallet which I plan to retirement account. It doesn't feel like it has
been running for two years, my target is until 2030. Hopefully I can be consistent and in 2030 I can enjoy the Bitcoin that I have
and hope Bitcoin in 2030 the price is very high.
I always buy Bitcoin every month for $ 50, then I store it in a wallet which I plan to retirement account. It doesn't feel like it has
been running for two years, my target is until 2030. Hopefully I can be consistent and in 2030 I can enjoy the Bitcoin that I have
and hope Bitcoin in 2030 the price is very high.
It is very risky to make Bitcoin a retirement investment, it must be remembered that Bitcoin is very volatile and only 11 years old.
So it doesn't guarantee that in the future Bitcoin will still exist, But if we see the demand for Bitcoin continues to increase, we believe
Bitcoin is very good as a retirement investment. Instead of being confused, it is better to divide it into two retirement investments.
Some retirement in Bitcoin and some can be in gold or fiat. That's the best step for retirement plan.
Today a good percentage of my savings goes into bitcoin as a retirement option. Nonetheless, having some traditional umbrellas it's good too.So it doesn't guarantee that in the future Bitcoin will still exist, But if we see the demand for Bitcoin continues to increase, we believe
Bitcoin is very good as a retirement investment. Instead of being confused, it is better to divide it into two retirement investments.
Some retirement in Bitcoin and some can be in gold or fiat. That's the best step for retirement plan.
Long-term care, life insurance etc. can all be a good complimentary plan. I want my kids to be able to never have to worry about me in the future and I guess with some BTC and some insurance they shouldn't be worrying much. If all turns out good, I will be enjoying a nice retirement and will get some security for their future.
That's exactly what i think 2 years ago,That what about my retirement or emergency cases that I will be needing Good amount to sustain my daily living
and with the nature of being employee i knew this won't happen in good faith.
That's why i start investing my time and small money here in crypto in which my extra time and extra money are being invested to Bitcoin and some altcoins for the future,because no one knows what will tomorrow can bring so that's why we need to be ready and fix .
and with the nature of being employee i knew this won't happen in good faith.
That's why i start investing my time and small money here in crypto in which my extra time and extra money are being invested to Bitcoin and some altcoins for the future,because no one knows what will tomorrow can bring so that's why we need to be ready and fix .
I would say try to have some sort of wallet first, if you could own a hardware wallet that you can somehow reach online as well without it (in case you lose it) you basically have a huge amount of retirement account problems already solved. After that, if you can find one that has a lot of coins in it, a ton of wallets, you could put different type of coins and amount of coins in there.
After that all you have to do is, if you can of course, put 10% of your money into your hardware wallet, separate it from most trusted coins like bitcoin to least with whatever you least trust, that way you do not put it all equally but even the tiniest ones get a bit. Do this for 10+ years and you are definitely rich enough to retire, no doubt about it. I am working on doing that right now for example.
After that all you have to do is, if you can of course, put 10% of your money into your hardware wallet, separate it from most trusted coins like bitcoin to least with whatever you least trust, that way you do not put it all equally but even the tiniest ones get a bit. Do this for 10+ years and you are definitely rich enough to retire, no doubt about it. I am working on doing that right now for example.
Fro BTC retirement plan, check this:
https://apyharvest.com/save-crypto/
I am already using their R2B plan - "Plan R2B: start 1 BTC, add 0.05 BTC each month @ APY 6.56%" , "R: Crypto retirement plans . Term lengths 5, 10 and 20 years. Compounding DAILY. Stick to the plan for 180 days, and earn additional 0.3% more APY% per 180 days cycle."
It has been already few months. I love their email reporting and personal crypto banker.
Big advantage for me was also that i can open accounts to all my family members if i want. Interest I earn compound daily, and nothing is locked - if needed , I can withdraw ALL my crypto assets from there at any time - no penalty, no fees.
https://imgur.com/a/LjswbxZ
I can highly recommend them. Not a commercial, otherwise i would post my referral code.
https://apyharvest.com/save-crypto/
I am already using their R2B plan - "Plan R2B: start 1 BTC, add 0.05 BTC each month @ APY 6.56%" , "R: Crypto retirement plans . Term lengths 5, 10 and 20 years. Compounding DAILY. Stick to the plan for 180 days, and earn additional 0.3% more APY% per 180 days cycle."
It has been already few months. I love their email reporting and personal crypto banker.
Big advantage for me was also that i can open accounts to all my family members if i want. Interest I earn compound daily, and nothing is locked - if needed , I can withdraw ALL my crypto assets from there at any time - no penalty, no fees.
https://imgur.com/a/LjswbxZ
I can highly recommend them. Not a commercial, otherwise i would post my referral code.
It's better to save real money or fiat for your retirement than the bitcoin or the other coins because we are sure the future of the cryptocurrency. Let say you have a lot of coins and it's rising and after few many decades it rises but suddenly the price drops or you lose. So it's better to have sure money for your retirement and do not avail for the offers interest because it is risky and maybe it will cause only for your money to be gone and you will be suffer in the end when you retired.
I believe employees in all countries would have this type of investment plan in a way there would be companies rendering services in which the employee would be saving 10% or more of his/her salary into retirement account. This type of investment would be tax free and I believe this is how it supposed to work in all countries. Normally, people save fiats into retirement account, and as we know that fiats are fully vulnerable to governmental manipulations which can result to fiats value depreciation/devaluation.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
The concept is a great idea. Saving up for retirement in crypto is a way of preventing against the devaluation of fiat since it's saving cash over a long period of time.
I, however, think quite a lot of things are still needed to be put in place especially if the crypto here is bitcoin. Bitcoin is not a stable. It is very volatile. It would be devastating to save up over the years and find out there is a terrible bearish move which has caused your cash to depreciate in value. I understand bitcoin might possibly give profits over the years due to increase in its price but then it could also go the other way around.
I think a concept such as this would only be possible if the crypto is a stable coin such as the USDT. That way, you're sure of whatever you put in is what you get.
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Every company has its own provident fund plan. No company would want their employees to risk provident fund money, It's true that investing in Bitcoin is very profitable but you know it is too much volatile. Rising and falling prices can happen at any time. So no company will bear the risk of money of their ordinary employees.
I'd rather stay on fiat if one day I will have my retirement. All should be gone in process like if you wanted to retire with bitcoin then better convert your fiat to bitcoin or else you can ask the management to get the benefits in bitcoin that if you do not need it. The problem with the bitcoin is that when you lose your bitcoin keys you will.lose your retirement benefits.
It is very risky to make Bitcoin a retirement investment, it must be remembered that Bitcoin is very volatile and only 11 years old.
So it doesn't guarantee that in the future Bitcoin will still exist, But if we see the demand for Bitcoin continues to increase, we believe
Bitcoin is very good as a retirement investment. Instead of being confused, it is better to divide it into two retirement investments.
Some retirement in Bitcoin and some can be in gold or fiat. That's the best step for retirement plan.
So it doesn't guarantee that in the future Bitcoin will still exist, But if we see the demand for Bitcoin continues to increase, we believe
Bitcoin is very good as a retirement investment. Instead of being confused, it is better to divide it into two retirement investments.
Some retirement in Bitcoin and some can be in gold or fiat. That's the best step for retirement plan.
If indeed this world is really ready for Bitcoin and various other cryptocurrency adoptions, it doesn't seem a problem to make Bitcoin our retirement asset. But the fact is what about countries where Bitcoin is still not fully legal? Wouldn't this just make the situation even worse?
If indeed the world is not quite ready and we haven't prepared it yet, I don't need to make BTC an asset. Still more to things that are more useful and also important,
If indeed the world is not quite ready and we haven't prepared it yet, I don't need to make BTC an asset. Still more to things that are more useful and also important,
Company Sponsored Bitcoin Retirement Plans are already a reality:
US Firm Launches Company-Sponsored Bitcoin Retirement Plans
This is important for the obvious fiscal and economic reasons (usually the company matches worker's contribution to the fund).
I think it is a good choice to have at least a few percentage points of your retirement plan in Bitcoin, simply for the asymmetrical return this asset could potentially yield.
US Firm Launches Company-Sponsored Bitcoin Retirement Plans
This is important for the obvious fiscal and economic reasons (usually the company matches worker's contribution to the fund).
I think it is a good choice to have at least a few percentage points of your retirement plan in Bitcoin, simply for the asymmetrical return this asset could potentially yield.
fiat savings account that are connected to government are sometimes be cheated i know several people that have a problems with their retirement and other government related funds amd theres also many complaints i see in the videos and news related to this matter but if all of this works in a decentralized manner via a crypto or bitcoin , all issues of manipulations are going to be solved and theres a poaibility that the amount save to the account holders can go 100 times upon they retire or upon they claim it .
If for example they make it in crypto is that's mean they own it already and they can choose whether they want to use it right away or you need to wait for your retirement before you can claim your crypto . In that's the case then they will the same as using Fiat you should be the one who have control in it once deducted it to you or send for to your address partially. In terms of investment even you are just an employer you should have your own choices where you will put your money , even it's from salary or for you retirement funds.
I second your argument totally. But if retirement investments are done in crypto, salary will also be credited in crypto only? If that's the case then it might be harmful to an extent as crypto isn't accepted everywhere on the planet yet. But I highly support salary as fiat and retirement savings in form of crypto because that way one can expect great returns during retirement. Specially the current youth population.
Volatility are already been part of this industry, it's tough practically for senior citizen to embrace that possibilities, but for people
who already and willing in taking the risk, most are those believers that the value will rises high once full adoption take place.
In my opinion, I think investment is not much risky as people do comment, there was a time bitcoin was $19600 in 2017 but decrease and increased over time and reach another all time high in 2020. If people can invest in bitcoin, over a long time period, the price will increase which will make their wealth to increase too. I prefer it to having fiats in bank or as a retirement account because of its davaluation. Bitcoin is just limited in supply, the price can increase today and decrease tomorrow but over long time period the price will have a net increase. who already and willing in taking the risk, most are those believers that the value will rises high once full adoption take place.
Having Bitcoin as a retirement investment should be a personal choice because we all know the risks of its volatility. However, it's still an advantage especially for those who know how to handle and access cryptocurrency. It's a good investment but it still needs learning and patience so we can't force everyone to do it. In our country, we already have a retirement account and I must say that it's beneficial for us in the future.
Everyone will want to invest in the future somewhere. Long-term investment tools of course I think that many and should be evaluated. In addition to Bitcoin, you can also make long-term investments in valuable objects such as corporate shares in your country, gold and silver.
fiat savings account that are connected to government are sometimes be cheated i know several people that have a problems with their retirement and other government related funds amd theres also many complaints i see in the videos and news related to this matter but if all of this works in a decentralized manner via a crypto or bitcoin , all issues of manipulations are going to be solved and theres a poaibility that the amount save to the account holders can go 100 times upon they retire or upon they claim it .
The concept is good but it's not as stable as what government is doing for us. Retirement accounts, pensions accounts or whatever they may call it in different countries, they are completely safe since government is issuing that based on the taxes that are paid every year. They will always keep the safe limits in the "Reserve bank of xyz country". Moreover they will give you interest on it and at the end you can smoothly withdraw matured amount as well as monthly payscale.
Now if you turn to bitcoin, then everything from wallet keeping to safeguarding your bitcoins from hackers has to be done by yourself. There is no escape for that. So which is easier trusting government or bitcoin that's up to us.
Now if you turn to bitcoin, then everything from wallet keeping to safeguarding your bitcoins from hackers has to be done by yourself. There is no escape for that. So which is easier trusting government or bitcoin that's up to us.
I am in agreement with the rest of the people in this thread. When you talk about retirement investment, you don't mean profits what you want is security, something that bitcoin wouls not be able to offer you financially. The price is so volatile it can easily jump from 19,000 to 10,000, which is something I don't believe elderly people would be able to manage. So might as well invest in more secure assets for your retirement.
If we speak about young generation who already learned about this market.
Volatility are already been part of this industry, it's tough practically for senior citizen to embrace that possibilities, but for people
who already and willing in taking the risk, most are those believers that the value will rises high once full adoption take place.
The idea of Bitcoin retirement plan is pretty good due to Bitcoin's rising value but, we cannot still deny the fact that it is still a volatile cryptocurrency which we literally doesn't know what could happen in the future if we will insist getting into a retirement plan that is Bitcoin based as of the moment. Maybe now we are seeing a massive growth and improvement but we really do not know if it is still the same thing right after a couple of years which could be the problem associated by this. Also even if retirement plan is working in many countries, still not all countries and companies are up into using and accepting Bitcoin so fiat will still be the currency to be used upon having s retirement plan.
I would say that we should really exclude this one specially with retirement talks because this is rather on the investment side rather than on having that security.
We know on how volatile it is and if you arent aware on the possible things that might happen in the future then its better to skip out this consideration because instead on getting benefit from it
you would rather get frustrated that all of the money you are trying to save up and expecting to benefit soon would really be on the floor.Bitcoin does have the potential but we know that
future isnt guaranteed its neither it can be placed by other or would simply die.No one knows and if you do rely with that retirement thing then you are indeed
playing with fire.
Stick to those traditional things instead because even if they arent really that appealing but when it comes to security then you can somewhat assure that they would be there
and that would really be giving out some peace of mind.
I am in agreement with the rest of the people in this thread. When you talk about retirement investment, you don't mean profits what you want is security, something that bitcoin wouls not be able to offer you financially. The price is so volatile it can easily jump from 19,000 to 10,000, which is something I don't believe elderly people would be able to manage. So might as well invest in more secure assets for your retirement.
Unfortunately I really doubt that people are going to do this on their own, and there is a lot of evidence this could be the case, take a look at retirement funds, people instead of managing their money themselves and improving their profits and the speed at which they retire they decide to trust in companies to do this for them and not only they do this for a huge cost to themselves in several countries this is scam in which you do not get paid after contributing for decades to your retirement fund and most likely the same will happen if bitcoin was used.
Majority of the people want that they funds are been managed by others and it is the reason why they do not have self-confidence to make their own investment. Bitcoin retirement funds are good idea but for sure there will only few will patronize it in this current era because some are still not aware to what it is. I see bitcoin as investment to achieve financial freedom than a retirement fund. For me you cannot considered a retirement funds as a volatile like bitcoin because there are still risks because the price of the bitcoin is not forever going up wherein there are times that the market is retracing and crashing.I believe employees in all countries would have this type of investment plan in a way there would be companies rendering services in which the employee would be saving 10% or more of his/her salary into retirement account. This type of investment would be tax free and I believe this is how it supposed to work in all countries. Normally, people save fiats into retirement account, and as we know that fiats are fully vulnerable to governmental manipulations which can result to fiats value depreciation/devaluation.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
This is another example of having Bitcoin as an insurance. This would still fall on the fact that you still need some kind of system that would really be passed-on to someone you personally know once that you have passed away since we never know in which time we will go. Bitcoin as an retirement account will only act as an investment and having that might give us greater profit since we are never sure if Bitcoin can still reach new heights.
On contrary, bitcoin could be considered a retirement account more than anything else. If you want to trade bitcoin daily, with this huge volatile market you are going to make some money but lose some money as well, it will not be something profitable if you keep doing it badly, it would actually hurt you a lot, of course this all depends on how great you are when trading, if you are a great trader you could make a profit as well but that is a low chance.
However when we are talking about retirement, we are talking about something you could do without a worry and that is why I really think that it is much better to invest it long term. If you invest right now and have a plan to cash out 20 years later, the volatility it has today doesn't change anything for you, because you are going to cash out 20 years later so movements of today are irrelevant.
However when we are talking about retirement, we are talking about something you could do without a worry and that is why I really think that it is much better to invest it long term. If you invest right now and have a plan to cash out 20 years later, the volatility it has today doesn't change anything for you, because you are going to cash out 20 years later so movements of today are irrelevant.
The government may never do this considering the volatility in the market and all the risk to manage such a big amount of bitcoin, they will be targeted by hackers.
In this case, the best thing to do is to create your own bitcoin retirement account without being noticed by the government, it is safer and convenient, because in the end, the authorities will demand people to pay taxes on the increase in bitcoin price at the time of sale.
In this case, the best thing to do is to create your own bitcoin retirement account without being noticed by the government, it is safer and convenient, because in the end, the authorities will demand people to pay taxes on the increase in bitcoin price at the time of sale.
Bitcoin is doing great today, but there's no guarantee that Bitcoin will still valuable in the future so I don't want to agree on this one and if its about the retirement plan, it should be more secured with a sure profit of course. Companies should implement this one only to those who are willing and those who know Bitcoin or how to use Bitcoin because if not, then this is useless and old people might see this one as complicated.
I think bitcoin will still be valuable in the future because the mass adoption has already started, that cryptocurrencies are now accepted and used by large companies and in public, so considering bitcoin as a retirement account can be fine. Still, there is no guarantee you will have high returns in the future due to its volatility because bitcoin investment is still risky even it has a good value.
Bitcoin is doing great today, but there's no guarantee that Bitcoin will still valuable in the future so I don't want to agree on this one and if its about the retirement plan, it should be more secured with a sure profit of course. Companies should implement this one only to those who are willing and those who know Bitcoin or how to use Bitcoin because if not, then this is useless and old people might see this one as complicated.
Insurance on bitcoin is really an important thing that would be perfect for many companies and not regular people. Me insuring my bitcoin wouldn't really make sense, me putting money into something that will take out commission for buying bitcoin for me doesn't make sense neither, but companies that are as huge as binance for example spending tens of millions of dollars per month on insuring their crypto would make sense because they would have to actually be ready for a big hack or something that could destroy all of their finance, hell even without any hack, they could really get in trouble by just someone being stupid and losing some amounts.
So, insurance for those type of places would really mean something, and I think it would definitely help both parties involved as well (and even customers).
So, insurance for those type of places would really mean something, and I think it would definitely help both parties involved as well (and even customers).
I don't completely agree about Bitcoin retirement account, but it is very clear that in Blockchain, attacks from cyber criminals are unlikely to succeed; funds will always be safe unless there is an error from the user, for example: a private key is lost or stolen by someone else. for security issues can be relied on, although the problem of investment growth also has a very high risk.
Most companies usually already have a retirement program for their workers. So if we want to create a Bitcoin retirement account
we can do it manually for ourselves, if we look at Bitcoin's performance for 11 years, I think it's safe to make Bitcoin a retirement plan.
But with the volatile Bitcoin price there are risks that we must face, and I think we should be brave enough to take that risk.
I have mine save in my trezor and plans only to use it during retirement, it may not be all bitcoin but some top altcoins where there that I know can still have chance to increase their price in the future, It's not enough that we depend on the companies we should have our own savings not just in crypto but in our personal accounts too, for health and for some uncertainties as well to enjoy our retirement. we can do it manually for ourselves, if we look at Bitcoin's performance for 11 years, I think it's safe to make Bitcoin a retirement plan.
But with the volatile Bitcoin price there are risks that we must face, and I think we should be brave enough to take that risk.
What account could it be? Is from a digital wallet account? or coming from a company created by them in which you will provide the wallet and then transfer bitcoins in your account as to give it as a retirement benefits? It would be applicable but not to all. We know that others value fiat compare to bitcoin because fiat has stable value and are ready for spending while bitcoin is a asset with high volatile value and should only meant for holding not unless the market grows and ready to sell it.
Most companies usually already have a retirement program for their workers. So if we want to create a Bitcoin retirement account
we can do it manually for ourselves, if we look at Bitcoin's performance for 11 years, I think it's safe to make Bitcoin a retirement plan.
But with the volatile Bitcoin price there are risks that we must face, and I think we should be brave enough to take that risk.
we can do it manually for ourselves, if we look at Bitcoin's performance for 11 years, I think it's safe to make Bitcoin a retirement plan.
But with the volatile Bitcoin price there are risks that we must face, and I think we should be brave enough to take that risk.
The idea of Bitcoin retirement plan is pretty good due to Bitcoin's rising value but, we cannot still deny the fact that it is still a volatile cryptocurrency which we literally doesn't know what could happen in the future if we will insist getting into a retirement plan that is Bitcoin based as of the moment. Maybe now we are seeing a massive growth and improvement but we really do not know if it is still the same thing right after a couple of years which could be the problem associated by this. Also even if retirement plan is working in many countries, still not all countries and companies are up into using and accepting Bitcoin so fiat will still be the currency to be used upon having s retirement plan.
I believe employees in all countries would have this type of investment plan in a way there would be companies rendering services in which the employee would be saving 10% or more of his/her salary into retirement account. This type of investment would be tax free and I believe this is how it supposed to work in all countries. Normally, people save fiats into retirement account, and as we know that fiats are fully vulnerable to governmental manipulations which can result to fiats value depreciation/devaluation.
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
So, there is an upside to this plan - probably those savings could worth a lot more by the time a person will use it.Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
The downside, as you could guess, is related to the upside - saving could loss in value massively.
So I guess companies could add this as an option if a person believes in crypto.
I simply think there is no point in saving bitcoin for retirement if you don't hold your private keys. You can have a 401k o similar retiring instruments but if you want to have some bitcoin of part of you retirement plan you'd better have them in your private wallet. However, I am sure it will become common in the future years as there are a lot of people who don't care about their private keys and just want an institution to complain to if something goes wrong.
Retirement fund is important for all of us to make sure we enjoy some time on our life.
Even if I really have a huge confident in cryptoI wouldn't risk something so important for my future.
And on the same topic how much savings do you think is enough for you to quit on your job and enjoy your life?
Even if I really have a huge confident in cryptoI wouldn't risk something so important for my future.
And on the same topic how much savings do you think is enough for you to quit on your job and enjoy your life?
The idea in general looks beautiful, it is nice to have a retirement account in Bitcoin, especially if we remember that the price of Bitcoin was a few dollars ten years ago and now the price of Bitcoin is about 18,000$, if we think the same way and imagine how much the price of Bitcoin will be when we go into retirement After about 10 or 20 years, we'll find the idea very attractive.
I prefer to do this idea in my own wallet and not through a third party, because as everyone knows, if you do not have your private key, this means that you do not own your coins and therefore there is a risk that you will lose Bitcoin and therefore it is better to keep it in your own wallet.
Unfortunately I really doubt that people are going to do this on their own, and there is a lot of evidence this could be the case, take a look at retirement funds, people instead of managing their money themselves and improving their profits and the speed at which they retire they decide to trust in companies to do this for them and not only they do this for a huge cost to themselves in several countries this is scam in which you do not get paid after contributing for decades to your retirement fund and most likely the same will happen if bitcoin was used.I prefer to do this idea in my own wallet and not through a third party, because as everyone knows, if you do not have your private key, this means that you do not own your coins and therefore there is a risk that you will lose Bitcoin and therefore it is better to keep it in your own wallet.
The idea in general looks beautiful, it is nice to have a retirement account in Bitcoin, especially if we remember that the price of Bitcoin was a few dollars ten years ago and now the price of Bitcoin is about 18,000$, if we think the same way and imagine how much the price of Bitcoin will be when we go into retirement After about 10 or 20 years, we'll find the idea very attractive.
I prefer to do this idea in my own wallet and not through a third party, because as everyone knows, if you do not have your private key, this means that you do not own your coins and therefore there is a risk that you will lose Bitcoin and therefore it is better to keep it in your own wallet.
Unfortunately I really doubt that people are going to do this on their own, and there is a lot of evidence this could be the case, take a look at retirement funds, people instead of managing their money themselves and improving their profits and the speed at which they retire they decide to trust in companies to do this for them and not only they do this for a huge cost to themselves in several countries this is scam in which you do not get paid after contributing for decades to your retirement fund and most likely the same will happen if bitcoin was used. I prefer to do this idea in my own wallet and not through a third party, because as everyone knows, if you do not have your private key, this means that you do not own your coins and therefore there is a risk that you will lose Bitcoin and therefore it is better to keep it in your own wallet.
Saving a part of your pension or retirement money in Bitcoin is a pretty good target to make. By the time the money stays in there for some years I know for sure that Bitcoin’s worth will be very high in years to come and that’s some extra money for people saving their part of retirement money in it.
I know about the company you’re talking about, the name is Digital Asset Investment Management (DAiM), and they are allowing people to save 10% which is something moderate to start with. And we know for sure that the price of Bitcoin will keep appreciating.
I know about the company you’re talking about, the name is Digital Asset Investment Management (DAiM), and they are allowing people to save 10% which is something moderate to start with. And we know for sure that the price of Bitcoin will keep appreciating.
Insurance is something you have in case of a mishap. By the way you are putting bitcoin into the picture, it's like you're telling us that bitcoin is a good insurance plan, which is clearly isn't. One big reason, it's not stable. For your insurance to be effective, it has to test the weather of time, bitcoin may indeed be able to do this, but imagine you in your 70s learning that the bitcoins you invested in are now 30% less valuable than when you started with them, I can only visualize the emotions you will have by then.
The idea in general looks beautiful, it is nice to have a retirement account in Bitcoin, especially if we remember that the price of Bitcoin was a few dollars ten years ago and now the price of Bitcoin is about 18,000$, if we think the same way and imagine how much the price of Bitcoin will be when we go into retirement After about 10 or 20 years, we'll find the idea very attractive.
I prefer to do this idea in my own wallet and not through a third party, because as everyone knows, if you do not have your private key, this means that you do not own your coins and therefore there is a risk that you will lose Bitcoin and therefore it is better to keep it in your own wallet.
I prefer to do this idea in my own wallet and not through a third party, because as everyone knows, if you do not have your private key, this means that you do not own your coins and therefore there is a risk that you will lose Bitcoin and therefore it is better to keep it in your own wallet.
I have thought of this for many times now and I can't just figure out how this could be operated, now a worker should get retired in her country job and would be paid in her Fiat currency, it would be left for her to buy crytocurency with some plan percentage from her total salary amount, on the other hand, if there is an available Jobs that pays out bitcoin in some specific country, then the retirements salary would be in bitcoin which is a cool and perfect one thereby reduces depreciation of value occurrence.
In this case, the knowledge of using cryptocurrency should be taught to old ages because they are ones at their retirement age now.
In this case, the knowledge of using cryptocurrency should be taught to old ages because they are ones at their retirement age now.
I believe employees in all countries would have this type of investment plan in a way there would be companies rendering services in which the employee would be saving 10% or more of his/her salary into retirement account. This type of investment would be tax free and I believe this is how it supposed to work in all countries. Normally, people save fiats into retirement account, and as we know that fiats are fully vulnerable to governmental manipulations which can result to fiats value depreciation/devaluation.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
Ysing bitcoin as an retirement tool will be a good idea.But their may be a pump and dump in bitcoin price. Just 24 hours is enough for the bitcoin to reduced 2500$ and it happened today.So it had a advantage and disadvantage. The retired person may lose his private key with his old age. It may forced him to lose all of his retirement funds and it hurt him double.
I believe employees in all countries would have this type of investment plan in a way there would be companies rendering services in which the employee would be saving 10% or more of his/her salary into retirement account. This type of investment would be tax free and I believe this is how it supposed to work in all countries. Normally, people save fiats into retirement account, and as we know that fiats are fully vulnerable to governmental manipulations which can result to fiats value depreciation/devaluation.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
Ysing bitcoin as an retirement tool will be a good idea.But their may be a pump and dump in bitcoin price. Just 24 hours is enough for the bitcoin to reduced 2500$ and it happened today.So it had a advantage and disadvantage. The retired person may lose his private key with his old age. It may forced him to lose all of his retirement funds and it hurt him double.
Bitcoin savings for your early retirement?
I don't think that everyone would agree to it but I would accept it if I could save enough with it till I grow old.
Just imagine saving some $ daily just like spending it on coffee or cigarettes even in small amount then convert it into BTC weekly or monthly and let it sleep.
Do it for years until you retire who knows how much you could have.
But I got to be honest it is very risky and instead of relaxing and enjoying your time this could be stressful if couldn't save enough money.
I don't think that everyone would agree to it but I would accept it if I could save enough with it till I grow old.
Just imagine saving some $ daily just like spending it on coffee or cigarettes even in small amount then convert it into BTC weekly or monthly and let it sleep.
Do it for years until you retire who knows how much you could have.
But I got to be honest it is very risky and instead of relaxing and enjoying your time this could be stressful if couldn't save enough money.
I don't honestly think that crypto or anything that's too volatile should be used for retirement. It's just not suitable. Even the retiremend fund purpose in the first place is to ensure our economy in old age. At that point we already got too tired with finding money and just want peaceful time with economy stability. It's just doesn't make sense since it negates the purpose of retirement or pension fund.
But maybe if the fund is managed by some professional it could be a good option otherwise just forget it because it's too risky.
But maybe if the fund is managed by some professional it could be a good option otherwise just forget it because it's too risky.
It's a step forward for mass adoption. At least...free promotion for all cryptocurrencies 
!
I think that these service are good just for newbie on this field or people that really have not care about finance.
From my perspective everyone here is already trying to build a "retirement" with bitcoin...
! I think that these service are good just for newbie on this field or people that really have not care about finance.
From my perspective everyone here is already trying to build a "retirement" with bitcoin...
As someone who understands what Bitcoin is, I think I would never use a service like this because I am fully capable of keeping my BTC in my own bank and thus trying to secure better retirement days. However, I fully understand that there are people who have little or no understanding of technology and this type of investment is very desirable for them - although they should certainly be explained all the benefits and risks that come with investing in Bitcoin.
As we could see things are evolving in that direction because US Firm Launches Company-Sponsored Bitcoin Retirement Plans, and I have no doubt at all that there will be interest in such a service which will of course increase more and more in the future.
It is logical that not all those who think that Bitcoin is primarily a currency will like this idea, or those who think that this way of using BTC will lose its primary purpose - but we cannot forbid anyone to invest in Bitcoin and do whatever it wants with it.
As we could see things are evolving in that direction because US Firm Launches Company-Sponsored Bitcoin Retirement Plans, and I have no doubt at all that there will be interest in such a service which will of course increase more and more in the future.
It is logical that not all those who think that Bitcoin is primarily a currency will like this idea, or those who think that this way of using BTC will lose its primary purpose - but we cannot forbid anyone to invest in Bitcoin and do whatever it wants with it.
Well, that is the thing about adoption in crypto, you and I may not like it because we are already in it, and I get that if you do not really put everything into one basket you could be interested in this, and we are talking about people who are not really good with tech who may get interested in this, however at the end of the day there are not that many people who really would use this.
So what we have here is something not crypto people will use, and not many non-crypto people will use neither, but that very few non-crypto people who will use will mean a small amount of adoption increase for bitcoin. That is why we should support these, even though they are not things we would want to use and can find million features that can be improved, as long as they help the crytpo economy we should just be supportive.
So what we have here is something not crypto people will use, and not many non-crypto people will use neither, but that very few non-crypto people who will use will mean a small amount of adoption increase for bitcoin. That is why we should support these, even though they are not things we would want to use and can find million features that can be improved, as long as they help the crytpo economy we should just be supportive.
Also, why would you choose to buy bitcoin through a retirement plan (presumably with fees) when you could just buy it outright and keep it in your own possession? I don't know, I'm not a big fan of the idea.
I was thinking it could help bitcoin adoption, but following it does not fulfill some of the bitcoin usage purposes, especially privacy. Anyone following this plan will lack privacy while dealing with bitcoin in one way or the other. The best way to go is to get a reputed wallet like trezor or ledger nano securing the bitcoin ourselves. People that should deal with bitcoin should be experienced enough to handle a wallet and avoiding hackers. If all criteria to hold bitcoin safely are intact, I believe it is the best way to go, I totally agree with you. I was thinking some people working in offices may not know about bitcoin but know about the investment plan, but it is custodial and nothing about it is similar to bitcoin self custody, and I later have to understood that knowing about bitcoin itself totally in term of price fluctuation and safety is the best way to guide oneselves into having bitcoin retirement account or not, which is not even an account but a bitcoin noncustodial wallet for holding as advised.
Fiat currency is a perfect choice for pension funds, not only because its value is stable despite enduring devaluation but it is easy to transfer and use at any time in the future for the elderly. Imagine if someone someday has to withdraw bitcoin as a pension fund that supposes to worth $85k-$100k in fiat but instead, it worth $20k because at that time bitcoin encountering crash, yes it may the other way around yet we don't know what will happen in the future with a volatile currency.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still appreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts? I think it is cool and can also increase bitcoin adoption.
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
What do you people think about bitcoin retirement accounts? I think it is cool and can also increase bitcoin adoption.
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
I don't agree with this concept. Bitcoin is very volatile, you can't guarantee it's value by the time when you retire. Bitcoin is our own bank so we have a freedom how much and when we will put some money to it. Like what I'm doing, I've been accumulating bitcoin since 2013 if I have some extra money from my salary hoping that it will secure my future when I can't work anymore.
Bitcoin is volatile so it's kinda risky to put your retirement funds on it since older people only depend on it for their daily expenses. Let's say, I will start putting my retirement funds in bitcoin, it will take me decades before I can use it and we are not even sure what would be the price of bitcoin at that time. This idea of bitcoin retirement accounts is new but I personally prefer saving my pension in fiat since it's more stable than bitcoin. I think that a lot of people won't want to risk their pension since that's where they will rely on their future when they grow older.
My monthly DCA accumulating strategy (regardless the price) is my bitcoin retirement account. Ok, giving this option to the general public would foster adoption but I prefer to be in charge of my wealth.
The whole concept of a retirement account is obsolete anyway: what if you own a fortune accumulated in a retirement account that you can't touch until you meet certain specific conditions (age, unexpected expenses etc.)? That's not for me.
The whole concept of a retirement account is obsolete anyway: what if you own a fortune accumulated in a retirement account that you can't touch until you meet certain specific conditions (age, unexpected expenses etc.)? That's not for me.
Insurance is a good investment, however, cryptocurrency as a retirement account is not ideal because of volatility. Just imagine the time you have bought insurance the value is high and when the time your insurance matures the price dropped massively. Keep your bitcoin if you want to have some in the future, no need for a third party ro handle it for you.
In my country there are companies that are offering this kind of service, retirement plans for workers where they will be saving up money for their retirement, I have also seen banks that are doing the same thing.
But not everybody is able to do this, especially when you’re living in a country where the economy is very bad, a lot of people don’t earn much and you have to spend that money on very important things and expenses before talking about saving for a retirement plans, that’s why most would retire and have nothing, and as for government workers they are always promised pensions which are never paid most of the times.
This is a good idea, people should always prepare themselves ahead of time and Bitcoin is a good way to do that.
But not everybody is able to do this, especially when you’re living in a country where the economy is very bad, a lot of people don’t earn much and you have to spend that money on very important things and expenses before talking about saving for a retirement plans, that’s why most would retire and have nothing, and as for government workers they are always promised pensions which are never paid most of the times.
This is a good idea, people should always prepare themselves ahead of time and Bitcoin is a good way to do that.
I'll choose to keep it to myself. I don't want any other third party service to intervene and take my bitcoins into their retirement accounts. By having our own wallets, we can have it and just deposit anytime we want. No third party and as long as you have the seed or private keys, you're holding your bitcoins. Not with those platforms, they are the ones that have full control with your deposits. I've already heard some folks that are using bitcoin as their retirement plan. Whatever the price will be, they are already in profit and will keep any amount that it will show in the future.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still appreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts? I think it is cool and can also increase bitcoin adoption.
Bitcoin is actually showing its value, while fiat money is useless because banks run bad policies.
What do you people think about bitcoin retirement accounts? I think it is cool and can also increase bitcoin adoption.
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
If you take the time to read some books about investments you will see that there is a big difference in the way your investments are treated depending on your age, if you're young then you can take more risks and this is because even if you happen to invest during a cycle of the market which is not positive you have many decades to recover, so in that case I think it is a good idea for people to invest in bitcoin in order to have a more comfortable retirement, but if the person is old there is not enough time to recover so I will not recommend investing in bitcoin for those kind of people that are so close to their retirement. Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
Bitcoin have transparent ledger. When you open Bitcoin blockchain explorer you can check any wallet and see what is there and where coins come from and when they will went. Everyone can see it. When you have money in bank or wherever only bank know you have money there. And a hacker that hack the bank information's and the ones that hacker sell those information. Or the one bank sell those information
Not everyone as with Bitcoin. Lack of privacy is Bitcoin biggest flaw that sadly no one is aware of. 
I am basically doing this right now myself and I believe it will be very valuable. At the end of the day just buy bitcoin as much as you can and continue to increase your bitcoin portfolio as much as you can and just keep doing that for as long as possible. If you can buy bitcoin and put it aside for 20+ years, by the end of it you are going to be pretty much rich and that is a great retirement idea.
I have been doing it and I haven't increased it to a level where it is good to retire just yet but I have started not that long ago, which means if I keep this up with the same speed, I will probably have something like a great retirement amount in 14 or so years and I will be very young when that happens.
I have been doing it and I haven't increased it to a level where it is good to retire just yet but I have started not that long ago, which means if I keep this up with the same speed, I will probably have something like a great retirement amount in 14 or so years and I will be very young when that happens.
The problem is bitcoin price is not stable for the retirement saving purpose. In other words, you can maybe buy and invest 100 usd every week for your retirement savings but none can say how much this will worth after 30-20 years maybe you will be a millionaire maybe not. The other idea can be to creating a decentralized project for this purpose and ask the clients to pay some bitcoins every month/week and after 25 give them some benefits, this can be great idea if you can keep it decentralized because the whole point of bitcoin is to stay decentralized and away from the corrupted traditional banking systems.
Retirement accounts with Bitcoin are a bad idea because we all know that retirement funds have no way to increase their returns other than to invest the money of the people involved in it to make a profit. Bitcoin itself is an investment, so there's no need for a Bitcoin pension fund. Bitcoin cannot multiply on its own by sending in a company so that it grows in number. Given Bitcoin's volatility in value, I believe that no company will risk accepting Bitcoin and creating more Bitcoin coins.
There was just a thread about this very thing yesterday, and if I recall some investment firm has already created the first bitcoin/crypto retirement account.
Personally, I think it's crazy to save for your retirement by stacking bitcoin (or any other crypto)--unless you're young, make a lot of money, and don't make crypto too large a part of your portfolio. Bitcoin might be booming right now, headed toward its all-time high, but if you've been following the market for a few years you'll be very familiar with how quickly bitcoin can drop. That kind of asset isn't appropriate for a retirement account, IMO.
Also, why would you choose to buy bitcoin through a retirement plan (presumably with fees) when you could just buy it outright and keep it in your own possession? I don't know, I'm not a big fan of the idea.
Personally, I think it's crazy to save for your retirement by stacking bitcoin (or any other crypto)--unless you're young, make a lot of money, and don't make crypto too large a part of your portfolio. Bitcoin might be booming right now, headed toward its all-time high, but if you've been following the market for a few years you'll be very familiar with how quickly bitcoin can drop. That kind of asset isn't appropriate for a retirement account, IMO.
Also, why would you choose to buy bitcoin through a retirement plan (presumably with fees) when you could just buy it outright and keep it in your own possession? I don't know, I'm not a big fan of the idea.
What do you people think about bitcoin retirement accounts? I think it is cool and can also increase bitcoin adoption.
Bitcoin price is volatile. Elderly hearths may not handle that too well.
So although on paper it sounds nice (adoption, handling taxes and conversions), it's not OK as solely Bitcoin based fund.
Also, Bitcoiners can make a 100% Bitcoin "fund" themselves ("be your own bank" & "not your keys, not your coins").
So I think that for this job a super diversified fund with also Bitcoin in it is a better option. Much smaller growth, but always growing. Sorry.
Indeed. Retiring means you're just enjoying the life by relaxing and taking care of yourself, but with Bitcoin as a retirement investment, I think instead of enjoying their retirement, it would be another stressful part of their lives whenever they are looking at their ledger or online wallets seeing the price of Bitcoin going down and going up.
And it might be the reason why instead of having profits, they would lost their profits because they withdraw all of their Bitcoins into fiat due to a panic attack.
If your Bitcoin portfolio is protected from thieves, hackers, and protect your privacy, it doesn't make Bitcoin immune to devaluation.
You can be right, but I think it can be impossible for bitcoin to devalue over long period of time. These are my reasons:1. If you can check past time, bitcoin marketcap is not as high as this, and also bitcoin is mosted used by retail investors unlike now that institutions are the whales recently investing, which may change bitcoin realized cap and strengthen it.
2. Bitcoin is also a deflationary currency, as people are getting to know bitcoin, there will be a time its marketcap will be strong like gold, and because of the limited supply, more people will be encouraged to invest in it.
I am thinking in the next 60 years, bitcoin ca never be $20000 or lower again, its marketcap will be in trillion at the time. Very possible bitcoin price will surpass $100000.
If bitcoin reach all time high ($20000) soon, that means it is still a deflationary currency, and nobody that is holding it again is losing, aside the fomo people that later sold bitcoin at loss.
If someone hacks your wallet you're fucked. If someone hacks your bank account, the bank is supposed to refund you for their lack of security.
You are right, but custodial services like Gemini Trust are providing the custodial means, that was even the reason I made the topic, but some members did not agree for such custodial means that bitcoin should be totally noncustodial. I go noncustodial, but it is certain that the custodial means will dominate, and cold wallet is being used by Gemini trust to save the funds, and if anything goes wrong, the custodial service provider should be held to provide customers funds. 
@Charles-Tim
Protecting a currency from depreciation can't be done with Bitcoin's security. It's 2 different concepts.
If your Bitcoin portfolio is protected from thieves, hackers, and protect your privacy, it doesn't make Bitcoin immune to devaluation.
If someone hacks your wallet you're fucked. If someone hacks your bank account, the bank is supposed to refund you for their lack of security.
I don't think injecting Bitcoin in a retirement account is a wise thing to do when we know its volatility. What about when you turn 60 years old and your retirement plan is valued at 14$. It's about the same risk as putting all your savings in a casino and gamble to prepare for your retirement. Who's crazy to do this?.
If banks are able to generate a percentage of income with Bitcoin (e.g. 5% per annum) you could very well do it yourself, with fewer fees and therefore a higher return than with a bank, since banks will take their piece of cake
Protecting a currency from depreciation can't be done with Bitcoin's security. It's 2 different concepts.
If your Bitcoin portfolio is protected from thieves, hackers, and protect your privacy, it doesn't make Bitcoin immune to devaluation.
If someone hacks your wallet you're fucked. If someone hacks your bank account, the bank is supposed to refund you for their lack of security.
I don't think injecting Bitcoin in a retirement account is a wise thing to do when we know its volatility. What about when you turn 60 years old and your retirement plan is valued at 14$. It's about the same risk as putting all your savings in a casino and gamble to prepare for your retirement. Who's crazy to do this?.
If banks are able to generate a percentage of income with Bitcoin (e.g. 5% per annum) you could very well do it yourself, with fewer fees and therefore a higher return than with a bank, since banks will take their piece of cake
Ofcourse. I guess 1% minimum and 40% maximum of workers salaries would be fair and safe. And I would only allow the workers to invest in Bitcoin or any safe and well decentralized cryptocurrency with limited/scarce supply. In my opinion, Bitcoin remains the most decentralized and safe (atleast amongst the top cryptocurrencies)
Other top coins are what I would call pseudo-decentralized. They tend to be centered around few "CEO/founders/owners"(unlike Bitcoin) despite the numbers of nodes they have on their networks.
And It would great that workers are able to fully control their funds.
Other top coins are what I would call pseudo-decentralized. They tend to be centered around few "CEO/founders/owners"(unlike Bitcoin) despite the numbers of nodes they have on their networks.
And It would great that workers are able to fully control their funds.
Imo, the idea of a bitcoin retirement account is good for people who are already Bitcoin users, who already understand the network, it's volatility and it's risks, and want a currency that can act as a hedge to fiat vulnerabilities and also appreciates (depreciates as well) rapidly in value, for others who have a lopsided view of the network, they will prolly not fancy it, and if ever they do, any slight plunge and they may start calling for a change in "currency" of their retirement plan. Having said that, my point is if companies are ever going to introduce the option of a Bitcoin retirement plan, it should be voluntary, for workers who want to choose it, and it must also be implemented in such a way that the worker is fully in control of the funds going into the wallet, for security reasons. It'll btw be good for adoption and help people build a btc portfolio.
I believe employees in all countries would have this type of investment plan in a way there would be companies rendering services in which the employee would be saving 10% or more of his/her salary into retirement account. This type of investment would be tax free and I believe this is how it supposed to work in all countries. Normally, people save fiats into retirement account, and as we know that fiats are fully vulnerable to governmental manipulations which can result to fiats value depreciation/devaluation.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still appreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts? I think it is cool and can also increase bitcoin adoption.
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still appreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts? I think it is cool and can also increase bitcoin adoption.
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
I think that such a system has two points of failure - possible problems with bitcoin and possible problems with the Pension Fund itself. This makes such a system unreliable.
The best option is to become a bitcoin holder yourself. Why do you need an intermediary in the person of the Pension Fund?
Satoshi Nakamoto, creating Bitcoin, created a system that does not need to use intermediaries. That is why the price of Bitcoin is rising - Bitcoin is an alternative to the modern financial system. If Bitcoin becomes part of modern finance, then its price will collapse, because the global financial system is collapsing. Death awaits her.
Even the fact that it is a deflationary asset will not save Bitcoin.
Well, it could be an option. Limiting retirement funds into Bitcoin seems detrimental so having the option to choose either Fiat or Bitcoin (or any other crypto, if possible) seems the better choice. Some people out there may not like leaving their retirement funds to a volatile asset. And on that note honestly, the person themselves could just simply invest in Bitcoin and exchange it once they retire. It's the same logic, and at the same time, guaranteed that the Bitcoin is yours since as you said, not your keys, not your coins. Especially since Bitcoin volatility would most likely remain until at the very least, the time when supply is stopped or is at the end, which is still a little bit over a century from now on.
The company I'm working with have their own retirement plan program and I don't think they'll adopt Bitcoin for this one because this program is to assure their employees to get something when they retire and if they take the risk on investing with Bitcoin, those people might get mad to the company if they get nothing.
Well, you can have your own personal account with Bitcoin and you might consider this as your retirement plan, my dream is to retire at the age of 40 and hopefully to have a financial freedom at that time.
Well, you can have your own personal account with Bitcoin and you might consider this as your retirement plan, my dream is to retire at the age of 40 and hopefully to have a financial freedom at that time.
There's no guarantee in this market and you must understand before making this one as you retirement fund, also you have to know the risk you are taking. I know Bitcoin is great but I can't totally depend on this one, I'd rather have some other retirement fund and just use bitcoin for my short term goals and be more happy spending it. 
First of all retirement accounts doesn't work in all countries around the world. There are still countries that do not use them at all even if in their fiat ecosystems.
Bitcoin is a volatile commodity thus it doesn't give small risk after a lot of years. We have seen that the Bitcoin price is only growing by the time it was invented however it will be hard to make the elderly believe that they are going to have a retirement fund of Bitcoins after some years of saving.
Bitcoin is a volatile commodity thus it doesn't give small risk after a lot of years. We have seen that the Bitcoin price is only growing by the time it was invented however it will be hard to make the elderly believe that they are going to have a retirement fund of Bitcoins after some years of saving.
Retirement finds are usually very conversative investors in my country. There might be some more flexible ones where you can choose the composition our portfolio completely free. In the private retirement funds I have seen so far, it's usually a very limited number of funds to choose from. Most of the funds either invest in bonds or stock, commodities are very rare and FX funds too. It might be better to setup the fund yourself and manage it on your own to save fees.
First of all retirement accounts doesn't work in all countries around the world. There are still countries that do not use them at all even if in their fiat ecosystems.
Bitcoin is a volatile commodity thus it doesn't give small risk after a lot of years. We have seen that the Bitcoin price is only growing by the time it was invented however it will be hard to make the elderly believe that they are going to have a retirement fund of Bitcoins after some years of saving.
Bitcoin is a volatile commodity thus it doesn't give small risk after a lot of years. We have seen that the Bitcoin price is only growing by the time it was invented however it will be hard to make the elderly believe that they are going to have a retirement fund of Bitcoins after some years of saving.
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I totally agree with you. And it is good to learn about bitcoin and how it works rather than depending on such custodial services. I can personally take 10% or the persentage of interest to buy bitcoin myself in a no kyc exchange or through other no kyc means, and have the bitcoin in my noncustodial wallet. This will fulfill the purpose of bitcoin ritirement account, and the privacy which I excluded before now included. It is best for us to go noncustodial and having our private key to our bitcoin. 
Retirement account that is all bitcoin is not a good option with the current volatility, although there is an alternative for this which I think is better although it is still a concept, why not make a Index fund that trades in bitcoin, it is much better because it is long term and the return is somewhat competitive and good. The problem with this one is that it needs to have a good trader manager with a great portfolio, it will be difficult as most traders choose to remain anonymous, but with current start ups that plans to join the hype train, I think that in the near future we will get there soon.
What do you people think about bitcoin retirement accounts? I think it is cool and can also increase bitcoin adoption.
Bitcoin price is volatile. Elderly hearths may not handle that too well.
So although on paper it sounds nice (adoption, handling taxes and conversions), it's not OK as solely Bitcoin based fund.
Also, Bitcoiners can make a 100% Bitcoin "fund" themselves ("be your own bank" & "not your keys, not your coins").
So I think that for this job a super diversified fund with also Bitcoin in it is a better option. Much smaller growth, but always growing. Sorry.
I believe employees in all countries would have this type of investment plan in a way there would be companies rendering services in which the employee would be saving 10% or more of his/her salary into retirement account. This type of investment would be tax free and I believe this is how it supposed to work in all countries. Normally, people save fiats into retirement account, and as we know that fiats are fully vulnerable to governmental manipulations which can result to fiats value depreciation/devaluation.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
Bitcoin has two major advantages:
1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.
Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.
What do you people think about bitcoin retirement accounts?
Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.
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