Topic: Bitcoin the best place for retirement savings. - page 2. (Read 426 times)
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Well, OP, I think it depends on your preference. In the world where I come from, people do things according to how it will not hurt (chock) them in the end. Bitcoin is not a bad investment at all, and while someone is still working and receiving their salary, they can possibly be accumulating some Bitcoin fraction little by little while they are also investing in other projects that can actually profit them too when they are old. For instance, some people prefer to start a company like an open hotel, invest in pharmaceutical companies, or invest in housing and property, and it will not be bad at all that the person invests in Bitcoin too. It is not usually wise to cast all your hope in the bowels because it can mistakenly come true and your plans might no longer fall into place.
Bitcoin for be a very good option for retirement savings as you talk, no doubt, but the government policy of compulsory pension contribution no go allow am happen because you go only fit access your retirement benefit after 60 years old when you don retire or 25% of the money when you no get work after four months.
You're correct, but OP is rather coming from a different perspective, his advise is that people whom are younger and are salary earners should start saving up personally for their retirement days, like setting out a percentage of their income to purchase bitcoin and not touch it until their retirement. Many halving must've occurred and the bull runs would've appreciated their investments so much as compared to leaving it in banks which you and I know that liquidity affects fiat so much, thereby leading to devaluation instead of appreciation like in the case of bitcoin. Having much money even before government pays their gratuity is a good bonus. The only thing wey sweet pass money na more money and their investments in bitcoin promises that on a long term. 
OP, weting you talk nah weting person suppose give second thought. Cos imagine as i they by this age i start to save or invest inside Bitcoin then imagine when i con retire the amint of Bitcoin i go get and how much e go be in fiat by that time. Since Bitcoin not get anything to do with government and their wahala i prefer am sef. I know many civil servants wey they never even pay pention for almost 10 years after their retirement. And no hope say they go pay them, everyday na so they dey look newspaper to hear information. Now weting con be the difference if people they think say foor Bitcoin person fit loss. My brother investment nah risk o and anything retirement for naija me ah no they even reason am. My own nah say if God bless person make person no fear to invest in Bitcoin or keep some retirement money inside Bitcoin.
I don't think bitcoin na best place to invest in your retirement. If any civil servant want to invest in bitcoin, and the best time is when you're still the active service, invest some percentage of your salary to invest in bitcoin so that when you have retired then you will not start from the crash again and at that time you might gotten some value in the investment so you are to reap. But when you retire, you no longer working again so no salary at the end of the month so you are to eat what is in your hand. If we no calculate this bitcoin investment very well before entering we go face the real risky of it. Any miscalculation will see the opposite of the investment. When you dey tell people to invest, tell them when dem dey active service. Let dem buy every month. And when dem retired dem go rest and only monitor the portfolio.
Na true you talk my bro, he better make person still dey civil servant before he invests in Bitcoin because that is the best time for him to invest without being too concerned about the volatile because if you have a source of income and you invest in bitcoin you will not be rash to sell your coin when the price is low because it is your profit money you will just leave it for a long term and get huge profit, Because people who sell their coin in loss are those who took out loans from banks or other financial institutions to invest in bitcoin for profit, and if the price drops, they have no choice but to sell it and pay the debt, it is important to have a source of income before beginning your investment journey in bitcoin or other business you believe you can benefit from.
Is better you invest in bitcoin before you retire from civil savant so that you will get your target after retirement because if you invest a small amount of money everytime you receive your salary for 35 years before you retired i think you will get a huge amount of profit because am very sure bitcoin will continue to increase gradually so don't waste your time invest now before it is too late.
OP your points are clear, e good as u even talk and still take am to your self as we still dey our prime where the hustling they body cos time go reach when we go retire and we go need where to place our back con balance we'll dey look how we done spend our working and huzling era dey check wetin and wetin we achieve, those things wey be say even if we no go out do work go still dey bring profits and na Bitcoin go be the koko of them all
E go make sense say person use strategies dey accumulate Bitcoin at specific interval, whether na from our salaries or business profit where be say e no go touch us during retirement.
E go make sense say person use strategies dey accumulate Bitcoin at specific interval, whether na from our salaries or business profit where be say e no go touch us during retirement.
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If we dey look for retirement benefit, omo the wey never fail na to invest in properties, buy land and build. Nothing else pass that one for naija level. Even company self sometimes if you no manage am well e go crash or your children wack the company dry
I don read am well OP no say we go use money for retirement take buy Bitcoin, him mean say during the whole process of working we fit dey buy Bitcoin with part of salary, bit by bit, percentage by percentage whether na monthly or weekly so before that time of retirement we no go dey think of buying Bitcoin as na wetin most persons fail to do. If we dey look for retirement benefit, omo the wey never fail na to invest in properties, buy land and build. Nothing else pass that one for naija level. Even company self sometimes if you no manage am well e go crash or your children wack the company dry
Bitcoin na good retirement plan because e don prove himself over the years, and we don see of how the price dey increase dey go while our naira dey continuously fall and no really get value. Na good thing if person go fit dey save towards him retirement in bitcoin rather than naira. So e dey feasible but they person really need to dey discipline, no be say if him get small challenge, him go wan use the Bitcoin retirement funds. Also the person gats look for an offline wallet because e get zero risk of being attacked and the person go just dey do DCA until e reach him target year.
Op, this plan wey you talk like this for good but e no dey easy for a family man wey dey work to dey remove part of in salary dey invest am for Bitcoin for Naija unless say you never marry and you don dey into Bitcoin before you get work. If you don marry you go dey think about how you go take care of your family, and you go see say investing part of your salary in Bitcoin will be like a waste of time because Bitcoin no be wey thing go just give money quickly like that. And if you only invest in Bitcoin when your salary is your only source of income when family matters hit you, you fit to sell your Bitcoin at a loss and use of the money to settle family wahala. The best way is to start a business first with your monthly salary so that you can have multiple sources of income to run your family and from the business you fit dey invest for Bitcoin small small for your children self.
and with history em don prove say no matter how long the bear market take em main direction na up e dey go, so how you take see am as big risk. And besides we no dey talk about short term investment for here na long holding wey fit give person better profit if em no dey touch em investment anyhow.
Bro, if you look at this part wey you yarn you go see my reason. That no matter how long, na that one be the koko, person wey don old and body don dey shake fit dey wait for btc to increase wey sickness don come on top bear season?
After bitcoin touch 20k for around that 2017, e drop back to 3,500 or so for 2019 before another halving meet am and we know the story of how e reach 64k. So my point be say if you invest for retirement, then no be guarantee say when you go need the money say price go dey up. In other words, to take profit for every halving circle better pass than to leave in the name of retirement.
Omo me I no fit use bitcoin get hope for retirement oo, as I talk before, na to buy properties and build dey collect rent, lease, event centers sure pass.
Gozie51, no be lie wey you talk oo, after bull run comes correction and this correction na one of the reason wey dey expose baby investors wey go sell everything then after some time dem go come still buy same quantity with higher amount of money, wattin I recommend for this part if you dey in need of money na to just sell your profit then leave the remaining one for there, with time na up e dey go. But wattin I no like for wattin you talk na when you say "bitcoin as retirement benefit... Na risk wey pass investment itself" how??? Wattin be the difference between you investing for 7 years then use the money take feed after retirement and to invest for 7 years still use the money take feed or buy some things? Bitcoin no be like other altcoins or shitcoin oo, naim be the original, and with history em don prove say no matter how long the bear market take em main direction na up e dey go, so how you take see am as big risk. And besides we no dey talk about short term investment for here na long holding wey fit give person better profit if em no dey touch em investment anyhow.
Bitcoin good as investment wey you go DCA and after each halving bull you cut your own share comot and go queue again. If we take bitcoin as retirement benefit omo na risk we don take like that, risk wey pass the investment itself because if we don follow bitcoin we go see say after every bull come correction and sometimes the correction dey take plenty time before the price go reach the major support wey im dey fall go meet. In such case, wetin papa wey don invest as him retirement go do.
E just better if you invest after halving bull run then you cut your own and take am do wetin you want carry your profit do. Me I no go even advise person to hodl btc pass halving bull run for every circle. Sell and wait for another refill.
If we dey look for retirement benefit, omo the wey never fail na to invest in properties, buy land and build. Nothing else pass that one for naija level. Even company self sometimes if you no manage am well e go crash or your children wack the company dry
E just better if you invest after halving bull run then you cut your own and take am do wetin you want carry your profit do. Me I no go even advise person to hodl btc pass halving bull run for every circle. Sell and wait for another refill.
If we dey look for retirement benefit, omo the wey never fail na to invest in properties, buy land and build. Nothing else pass that one for naija level. Even company self sometimes if you no manage am well e go crash or your children wack the company dry
I don come to conclusion say bitcoin na the best place to invest for either future or retirement porpose. If ona check ever since bitcoin come out since that 2009 till date. if person wey dey work for oil company or business person wey dey see money that time, dey buy this bitcoin small small maybe by now the person no go reason to accumulate again but rather just dey look him potfolio dey laugh. Just they wait for the appointed time to withdraw. And now wey our day just break like this, I think e never to late to also do the same thing.
For example person wey dey 50 years that 2010 buy am keep by now him don reach 63years that one don become him retirement money. If him keep am for bank for this 13years, inflation for don short him money well well.
So we too sopos reason this matter say if I dey buy this bitcoin they keep for like 13 to 15 years adding to my age now say person go also make am. bitcoin price of today at $37k fit reach $500k by then because as the halving dey always dey come naso the price they grow.
Just emagine the price of 1 bitcoin after 3 to 4 halving?
Op wetting you carry come here na very nice business strategy. Naim make people dey always talk about DCA strategy every time. this strategy go Allow you dey keep small small amount of money from your salary or any souce of your income dey buy Bitcoin dey keep. Sothat by the time you don dey old e no go affect you. Since government no go fit allow citizens to choose where to put there pention money just like @odohu said. I sudjest make them no wait for government to inpliment the law, them fit impliment am by themselves by gradually putting the money bit by bit just like @makus also explain maybe before you go retire you go be like who do money ritual. For example person wey dey 50 years that 2010 buy am keep by now him don reach 63years that one don become him retirement money. If him keep am for bank for this 13years, inflation for don short him money well well.
So we too sopos reason this matter say if I dey buy this bitcoin they keep for like 13 to 15 years adding to my age now say person go also make am. bitcoin price of today at $37k fit reach $500k by then because as the halving dey always dey come naso the price they grow.
Just emagine the price of 1 bitcoin after 3 to 4 halving?
Op na the coco wey you talk so, person wey do according to the way you talk no go dey think too much after em retirement make em for no go die quick. If at all say the person practice DCA for like 10% of em salary every month, let me say dem dey pay am N500,000 every month then em 10% go be just 50,000 so em still get 450,000 to take flex with em family till month end again. If the person invest that 50,000 for 7 years before em retirement, e mean say that person go get more than 1BTC if we use CBN rate while na just $370 naim commot from 1BTC if we use black market rates, the total amount of money wey em go put for the investment for 7 years na N42,000,000 and we never talk about the main part which is the profit for that 7 years wey fit add extra 50% join the invested amount.
Bitcoin for be a very good option for retirement savings as you talk, no doubt, but the government policy of compulsory pension contribution no go allow am happen because you go only fit access your retirement benefit after 60 years old when you don retire or 25% of the money when you no get work after four months.
Nigerian Pension Act do not allow workers access their money or choose where the money go dey when them still dey work. This na big error for the part of the policy makers because inflation dey kill the money. Wetin this mean be say the purchasing power of 10 million naira now will not be the same 40 years from now when person go don retire.
Assuming say they fit allow person access the funds or chose where to put the money, Bitcoin would have been the best option.
I catch your point. But not that kind of retirement i mean this one na personal retirement I dey talk. No be like government own i mean personal bitcoin accumulation in form of retirement savings. Nigerian Pension Act do not allow workers access their money or choose where the money go dey when them still dey work. This na big error for the part of the policy makers because inflation dey kill the money. Wetin this mean be say the purchasing power of 10 million naira now will not be the same 40 years from now when person go don retire.
Assuming say they fit allow person access the funds or chose where to put the money, Bitcoin would have been the best option.
Bitcoin for be a very good option for retirement savings as you talk, no doubt, but the government policy of compulsory pension contribution no go allow am happen because you go only fit access your retirement benefit after 60 years old when you don retire or 25% of the money when you no get work after four months.
Nigerian Pension Act do not allow workers access their money or choose where the money go dey when them still dey work. This na big error for the part of the policy makers because inflation dey kill the money. Wetin this mean be say the purchasing power of 10 million naira now will not be the same 40 years from now when person go don retire.
Assuming say they fit allow person access the funds or chose where to put the money, Bitcoin would have been the best option.
Nigerian Pension Act do not allow workers access their money or choose where the money go dey when them still dey work. This na big error for the part of the policy makers because inflation dey kill the money. Wetin this mean be say the purchasing power of 10 million naira now will not be the same 40 years from now when person go don retire.
Assuming say they fit allow person access the funds or chose where to put the money, Bitcoin would have been the best option.
I don't think bitcoin na best place to invest in your retirement. If any civil servant want to invest in bitcoin, and the best time is when you're still the active service, invest some percentage of your salary to invest in bitcoin so that when you have retired then you will not start from the crash again and at that time you might gotten some value in the investment so you are to reap. But when you retire, you no longer working again so no salary at the end of the month so you are to eat what is in your hand. If we no calculate this bitcoin investment very well before entering we go face the real risky of it. Any miscalculation will see the opposite of the investment. When you dey tell people to invest, tell them when dem dey active service. Let dem buy every month. And when dem retired dem go rest and only monitor the portfolio.
If you check wetting you talk I no sure say e aligh with wetting I dey talk. I give instance say person wey buy am long time ago now him no go think of to accumulate again probably naim retirement be this now. So I come also dey advise the youth say make dem invest now so that before w go reach there retirement age Dem Don get enough for there potfolio. By that time that money don become there retirement money to take care for themselves. We they almost talk thesame thing but na your first line naim make am be like say we no dey align. 
I don't think bitcoin na best place to invest in your retirement. If any civil servant want to invest in bitcoin, and the best time is when you're still the active service, invest some percentage of your salary to invest in bitcoin so that when you have retired then you will not start from the crash again and at that time you might gotten some value in the investment so you are to reap. But when you retire, you no longer working again so no salary at the end of the month so you are to eat what is in your hand. If we no calculate this bitcoin investment very well before entering we go face the real risky of it. Any miscalculation will see the opposite of the investment. When you dey tell people to invest, tell them when dem dey active service. Let dem buy every month. And when dem retired dem go rest and only monitor the portfolio.
Halving go lost value as time dey go
The difference from previous block reward go small
Bitcoin na very good option nor mean say na d best
Person wey like stability and low risk go consider government bond
Person wey dey find volatility and big profit go consider Bitcoin
Nor b everybody wey fit dey see price dey fall dey stay calm
With old age heart attack fit kill ahn
Not to forget many go jux invest bcus na good opportunity not knowing how it works.
Anything can happen e fit b say wen u need ahn desperately
Na e con take do correction.
If we forget village people matter land too make sense to me.
The difference from previous block reward go small
Bitcoin na very good option nor mean say na d best
Person wey like stability and low risk go consider government bond
Person wey dey find volatility and big profit go consider Bitcoin
Nor b everybody wey fit dey see price dey fall dey stay calm
With old age heart attack fit kill ahn
Not to forget many go jux invest bcus na good opportunity not knowing how it works.
Anything can happen e fit b say wen u need ahn desperately
Na e con take do correction.
If we forget village people matter land too make sense to me.
I don come to conclusion say bitcoin na the best place to invest for either future or retirement porpose. If ona check ever since bitcoin come out since that 2009 till date. if person wey dey work for oil company or business person wey dey see money that time, dey buy this bitcoin small small maybe by now the person no go reason to accumulate again but rather just dey look him potfolio dey laugh. Just they wait for the appointed time to withdraw. And now wey our day just break like this, I think e never to late to also do the same thing.
For example person wey dey 50 years that 2010 buy am keep by now him don reach 63years that one don become him retirement money. If him keep am for bank for this 13years, inflation for don short him money well well.
So we too sopos reason this matter say if I dey buy this bitcoin they keep for like 13 to 15 years adding to my age now say person go also make am. bitcoin price of today at $37k fit reach $500k by then because as the halving dey always dey come naso the price they grow.
Just emagine the price of 1 bitcoin after 3 to 4 halving?
For example person wey dey 50 years that 2010 buy am keep by now him don reach 63years that one don become him retirement money. If him keep am for bank for this 13years, inflation for don short him money well well.
So we too sopos reason this matter say if I dey buy this bitcoin they keep for like 13 to 15 years adding to my age now say person go also make am. bitcoin price of today at $37k fit reach $500k by then because as the halving dey always dey come naso the price they grow.
Just emagine the price of 1 bitcoin after 3 to 4 halving?
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