Do you fully understand what you said ?
i mean bitcoin cant be hacked, the exchanger or market that store it can. You can store your bitcoin or any other coin in offline wallet and no one cant access it except you, you the one who holding the private key for that address. About the fluctuations yes it true, but that the risk you need to take if you want to make some good profit in your retired time.
Risky but attractive?
Perhaps, Bitcoin and other cryptocurrencies can be considered as alternative investment options. However, the truth is that it has its flip sides one should be aware of.
Retirement advisors consider Bitcoin risky, volatile, unregulated and unsuitable for long-term investments. Financial regulators are still uncertain how to classify Bitcoin and therefore how to treat Bitcoin investments. Besides, Bitcoin is completely unregulated and uninsured.
We all get so excited seeing its rise in value, however, we also witnessed some dramatic declines. If the majority of its value can disappear in a few seconds, how can it become something to depend on in a decade?
Let’s go back to the story of Jack Tatar. At the end of 2015, things started to be different for his investments as the price of Bitcoin started to grow. In the summer of last year when Bitcoin was over $700, Tatar shared his excitement by saying that it has been the best investment in his retirement account.