Do you still keep a fiat retirement account? - page 2.

ivanst776

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Quote from: partysaurus on March 13, 2016, 07:12:40 PM

ofc most of us still got a fiat retirement fund, i would be more suprised if someone did not have it

I don't have it yet. but have plan to make one fiat account.. I think it is improtant for everyone to make a fiat retirement account. because we can't depend on bitcoin only. we still need fiat accounts. fiat money is still our necessary to purchase daily things and for doing shopping.

aakashsangwan

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Quote from: n0ne on March 16, 2016, 05:47:28 AM

Quote from: BTCLovingDude on March 16, 2016, 05:01:20 AM

Quote from: BitcoinBullion on November 09, 2015, 06:26:04 PM

If you are a true believer that be dollar and other fiats are doomed should you then cash out your fiat retirement account for btc, metals or real estate?

I have a Roth IRA with some money in it and I am debating on if I should liquidate that or keep contributing to it for the next 30 years.

i am a believer in bitcoin but i still keep a fiat retirement account because that is a sure thing while bitcoin is not 100% sure.
so i only invest my extra money that i don't need and willing to risk on bitcoin, and keep buying it until the price goes up.

Not only fiat. It can also be kept in some other forms of investment. Only depending upon a single source might lead to some problem. So keeping alternate solution seems good.

Ya it is true fiat retirement will fetch you only small interest percentage but if you keep in metal like gold or in bitcoins or even in real estate you can get good returns if that turns out good. So keep 50% in fiat retirement and balance you can do in any one or keep everything equal so you can get maximum benefit of your retirement.

n0ne

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Quote from: BTCLovingDude on March 16, 2016, 05:01:20 AM

Quote from: BitcoinBullion on November 09, 2015, 06:26:04 PM

If you are a true believer that be dollar and other fiats are doomed should you then cash out your fiat retirement account for btc, metals or real estate?

I have a Roth IRA with some money in it and I am debating on if I should liquidate that or keep contributing to it for the next 30 years.

i am a believer in bitcoin but i still keep a fiat retirement account because that is a sure thing while bitcoin is not 100% sure.
so i only invest my extra money that i don't need and willing to risk on bitcoin, and keep buying it until the price goes up.

Not only fiat. It can also be kept in some other forms of investment. Only depending upon a single source might lead to some problem. So keeping alternate solution seems good.

BTCLovingDude

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Quote from: BitcoinBullion on November 09, 2015, 06:26:04 PM

If you are a true believer that be dollar and other fiats are doomed should you then cash out your fiat retirement account for btc, metals or real estate?

I have a Roth IRA with some money in it and I am debating on if I should liquidate that or keep contributing to it for the next 30 years.

i am a believer in bitcoin but i still keep a fiat retirement account because that is a sure thing while bitcoin is not 100% sure.
so i only invest my extra money that i don't need and willing to risk on bitcoin, and keep buying it until the price goes up.

neonshium

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Quote from: partysaurus on March 13, 2016, 07:12:40 PM

ofc most of us still got a fiat retirement fund, i would be more suprised if someone did not have it

I have a fiat retirement account but after knowing about the features of bitcoin , now I am more attracted towards bitcoin and so now I am deciding to convert all my amount to bitcoin as it will benefit me more.

lixer

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Quote from: 1Referee on March 13, 2016, 06:35:55 PM

I will never convert a single penny of my retirement money into anything. It will stay as it is. I am a real Bitcoin believer and I think we will see great things from Bitcoin in the coming years. That's why I am holding a fair amount of coins in cold storage. That will be my bonus retirement money.

The same is here, I am also a strong believer on bitcoin and according to my views the great thing will happen in this year and for that I also have stored a big amount in cold storage of my wallet and counting days Roll Eyes

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nuevo

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I still have a 401k and I love that I had to say out loud the other day, "hey my 401k is only down 5% compared to 18% earlier this year!."

hasiramasenju

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currently no I do not think to that way because i'm still focus on my bitcoin although prices looks unstable but with the growing popularity of bitcoin i hope people in the future will preferring bitcoin than fiat

CasioK

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Quote from: 63854 on March 13, 2016, 05:52:13 PM

Bitcoin is still too unstable to hold any large value for a high period of time. Obviously, this will change over time as more people use it. For now FIAT is still more reliable.

But I think bitcoin will appear more reliable if we know complete knowledge about bitcoin. It is true that the price is fluctuating but it does not mean that it is not reliable a person who is well aware about bitcoin can secure and increase his / her money with bitcoin.

romero121

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Quote from: randy8777 on March 14, 2016, 05:51:48 AM

even if i wanted, it's not even possible here to withdraw my current fiat retirement account and convert all that to bitcoin. bitcoin is nice and has a great future ahead of it. but that doesn't mean people will leave fiat behind and go full on bitcoin.

Well described in the growing economy, it is highly impossible to make everything into bitcoin though we clearly know bitcoin is gonna get used a lot in the future than now.

randy8777

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even if i wanted, it's not even possible here to withdraw my current fiat retirement account and convert all that to bitcoin. bitcoin is nice and has a great future ahead of it. but that doesn't mean people will leave fiat behind and go full on bitcoin.

xuan87

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i think otherwise, we still dont know how long bitcoin can last, if the investment in fiat or gold it will be valuable until your country collapsed, so for long time investment fiat is the best, but if for short term period its better to keep bitcoin

Junko

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I do believe in bitcoin strongly, but I absolutely do have a fiat/investment retirement fund and will continue to do so until I retire regardless of what bitcoin does.

I worked too hard to build up my current retirement fund up to convert it all to bitcoin at this point. The way I see it, if anything, it can be a hedge if bitcoin doesn't go as high as speculated or anticipated by the time I actually do retire.

partysaurus

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ofc most of us still got a fiat retirement fund, i would be more suprised if someone did not have it

Yakamoto

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I'm 99% sure that most of the Bitcoin supporters on this board still do have a fiat retirement account. Even though Bitcoin might very well be the currency of the future, in the event people retire early, or for any other reason, they'll still hold fiat so they can retire comfortably.

I think only a small minority of people on this board do not have a fiat job, or at least want to have a fiat job.

1Referee

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I will never convert a single penny of my retirement money into anything. It will stay as it is. I am a real Bitcoin believer and I think we will see great things from Bitcoin in the coming years. That's why I am holding a fair amount of coins in cold storage. That will be my bonus retirement money.

63854

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Bitcoin is still too unstable to hold any large value for a high period of time. Obviously, this will change over time as more people use it. For now FIAT is still more reliable.

calkob

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Yeah i reckon the future looks bleak for retirement funds, i cant see the youth of today being able to afford anywhere near the retirement lifestyle those retiring to today are enjoying.

i cannot get a work placed pension which i pay quite alot for to be honest but i can retire at 55, i wouldn't be able to save the same amount of money into a private one to give me the same return.

martinacar

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Offcourse i got a fiat account. Betting on 1 horse is very dangerous/stupid. I would never do that.
Sure bitcoin will rule the world but if it fails then i got a backup plan.

n0ne

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Quote from: gerXhonza on March 13, 2016, 11:36:02 AM

Quote from: avikz on March 13, 2016, 11:30:24 AM

Quote from: BitcoinBullion on November 09, 2015, 06:26:04 PM

If you are a true believer that be dollar and other fiats are doomed should you then cash out your fiat retirement account for btc, metals or real estate?

I have a Roth IRA with some money in it and I am debating on if I should liquidate that or keep contributing to it for the next 30 years.

Yes...why won't we?

Fiat is still the most powerful and hence I am saving for my retirement like any other service class people do.

But I am also a believer of bitcoin, hence I am accumulating more and more bitcoin as possible and not selling ti at all. I believe that saving bitcoin now, will add up some more spice in to my retired life.

Why not to have both? If we can take advantage from both of them the why to choose a single one, I would surely plan my retirement with fiat as I have a strong faith that fiat is not going anywhere in future.

Both are required. Every time depending only on Bitcoin or fiat is not a good option. Keeping both is highly recommended just can earn even if something fails.

Topic: Do you still keep a fiat retirement account? - page 2. (Read 6211 times)