Topic: Do you still keep a fiat retirement account? - page 3. (Read 6150 times)
Well fiat currently is more safe as retirement option,even knowing bitcoin has several advantages but well who can predict bitcoin value on 2017 or 2040?Because of this you cant and shouldnt make bitcoin the only investment,saving .Protect your interest with both,play the game of buy and sell with profit.
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 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.
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 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.
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 have no idea to retire all my fiat to bitcoin,i still worry about bitcoin risk,and other problem is bitcoin not very mass adopted in my town.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.
but,i really apreciate to you,cash out your fiat retirement account for btc is good way and good story for example,i wish i can do same as you do someday.
invest fiat retirement for bitcoin in a city/town that not accept bitcoin at all is risky. we have the same condition. so didn't think to cash out all of my fiat for bitcoin yet
Having a fiat retirement account is a good option because most people won't completely believe on the bitcoin because of its decentralized nature.
I truly believe in bitcoin because of its decentralized nature which is the root cause for the growth of bitcoin even in bad market situations.
I truly believe in bitcoin because of its decentralized nature which is the root cause for the growth of bitcoin even in bad market situations.
Planning up for my retirement is too yearly when considering my age I believe. Still it is good to have some bitcoin with the plan of retirement purposes.
I don't have a retirement account but I do maintain bank accounts for my salary and other expenditures which I yet cannot make with Bitcoins.
That's true, I too keep fiat in my bank account for my daily expenses, we still can't depend on bitcoin, but its good as an extra income...
it's never a good idea to be am extremist. Always have a backup plan. Fiat will not go away soon, so you should keep some handy at all times.
Most of my saving is still in fiat. Bitcoin is just small proportion of my wealth. But I think it will appreciate fast.
I don't have a retirement account but I do maintain bank accounts for my salary and other expenditures which I yet cannot make with Bitcoins.
Being that bitcoin is still an "experiment" and it's not a good idea to put all your eggs in one basket anyways, I would highly recommend keeping your IRA and not cashing it out for bitcoin.
I hold a few bitcoin as my retirement money. I believe I will retire happily with that in 30 years time.
I'm all for bitcoin and I hope you are right, but believing is something doesn't necessarily make it so.
it's never a good idea to be am extremist. Always have a backup plan. Fiat will not go away soon, so you should keep some handy at all times.
I am not a true believer in anything except the fact that many true believers end up getting burned. Yes, I do plan to keep a fiat retirement account as one component of retirement planning. I also try to accumulate various PMs and other collectibles, I have some real estate besides my main home, have a separate pension on top of 401k's, hold Bitcoin and other alts, as well as stocks and bonds. Heck I even have some US savings bonds. But the main takeaway is any or all of these could be worthless one day, but the chances of them all failing are less than putting all of your money into any one of them exclusively.
Yes of course. It is like diversify my options like my investments. Say if Bitcoin fails I need to be prepared...
How about investin into the 600 or so altchains that we have available? If bitcoin ends up dead, then litecoin or other altchain will take over.I have a diversified altcoin retirement fund, I keep as little money in fiat as I possibly can.
Yes of course. It is like diversify my options like my investments. Say if Bitcoin fails I need to be prepared...
Being that bitcoin is still an "experiment" and it's not a good idea to put all your eggs in one basket anyways, I would highly recommend keeping your IRA and not cashing it out for bitcoin.
I hold a few bitcoin as my retirement money. I believe I will retire happily with that in 30 years time.
Being that bitcoin is still an "experiment" and it's not a good idea to put all your eggs in one basket anyways, I would highly recommend keeping your IRA and not cashing it out for bitcoin.
If i could cashout my retirament account in to BTC i would do so. BUT there are many goverments that dont allow such operation, mine is one of them. Imagine a money acconut for your winter time, that is blocked by law untill you almost dead... when you do die those money are gone, system takes them. Nonsense right?
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 have no idea to retire all my fiat to bitcoin,i still worry about bitcoin risk,and other problem is bitcoin not very mass adopted in my town.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.
but,i really apreciate to you,cash out your fiat retirement account for btc is good way and good story for example,i wish i can do same as you do someday.
I would diversify my money into both, fiat and bitcoins, as fiat will survive for sure, but not sure about bitcoins, so it would be weird if I put all my money into bitcoins.
That's right mate... There is no assurance yet that bitcoin would live forever, so it is wiser to put our retirement fund on fiat and invest in bitcoin as an extra income..
Yeah, that's the right thing to do, as the future of bitcoin is unpredictable, but fiat would be there in future too, so its good to have fiat as an retirement account.
yes, totally depending on bitcoin would be not correct, as we want that bitcoin should be more stronger currency in future, but fiat will never disappear.
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