Do you still keep a fiat retirement account? - page 4.

ampere

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Quote from: Mr. Big on February 24, 2016, 05:08:37 AM

Quote from: iamthesky on February 23, 2016, 06:51:09 PM

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.

Mr. Big

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Quote from: iamthesky on February 23, 2016, 06:51:09 PM

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..

iamthesky

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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.

jonathgb25

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Yes because there are only few stocks that has a value of bitcoin out there and it is easy to have an income from fiat currency.

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Quote from: BeetcoinScummer on February 22, 2016, 02:53:19 AM

I had this stock in my retirement account:

https://www.google.com/finance?cid=655908

Which later went through a merger and became this:

http://www.bloomberg.com/quote/FCAU:US

It is not doing very well though.

FiatSpa stock? What products does that company have anyway? It looks like it's really not doing well.

@ontopic Of course, you don't wanna be checking the price of btc every now and then to make sure you still have money when you're retired don't you?

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Quote from: BitcoinBullion on November 09, 2015, 07:26:04 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 maybe cash out my fiat account for doing investment for bitcoin and some business, but not at all because it probably usefull in my retirement later

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Quote from: upsidedown75 on February 23, 2016, 02:47:44 AM

Quote from: lixer on February 22, 2016, 02:36:02 AM

I have not yet planned up for my retirement but when I plan up I will go diversify my investment with bitcoin and gold. But surely bitcoin will occupy more than 70% of my investments but no fiats at all.

It is definitely more safe if we diversify our investments with proper planning. I'm also not ready to save my money with fiats. I just want to save all my money only with the bitcoin. May be real estate and gold also good but only in small amount.

I too strongly believe bitcoin would be the best option for our retirement plannings because the future of the bitcoin is
more brighter than any other investment. So, planning up your retirement account with bitcoin will make your money to grow rapid.

upsidedown75

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Quote from: lixer on February 22, 2016, 02:36:02 AM

I have not yet planned up for my retirement but when I plan up I will go diversify my investment with bitcoin and gold. But surely bitcoin will occupy more than 70% of my investments but no fiats at all.

It is definitely more safe if we diversify our investments with proper planning. I'm also not ready to save my money with fiats. I just want to save all my money only with the bitcoin. May be real estate and gold also good but only in small amount.

BeetcoinScummer

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I had this stock in my retirement account:

https://www.google.com/finance?cid=655908

Which later went through a merger and became this:

http://www.bloomberg.com/quote/FCAU:US

It is not doing very well though.

lixer

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I have not yet planned up for my retirement but when I plan up I will go diversify my investment with bitcoin and gold. But surely bitcoin will occupy more than 70% of my investments but no fiats at all.

avw1982

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Quote from: pitham1 on February 18, 2016, 08:57:47 PM

Of course, I keep a fiat retirement account.
There is a chance (low probability IMO, but can't be ignored) that Bitcoin will go to zero.
You wouldn't want to be on the streets if that happens.

I don't have any account for retirement neither in fiat or nor in Bitcoin. But I have a plan to create a bitcoin retirement fund in hardware wallet.
I know due to demand and supply bitcoin's price will be high when I Will come out from the employment.

pooya87

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i think this has an obvious answer.

there is nothing changed about fiat, and we are still dependent on using cash for our day to day needs. and even if it is doomed, fiat is not going to suddenly disappear and be replaced by bitcoin overnight.

but at the same time i believe it is always a good idea to keep multiple safety nets for the future. for example having different investments like in precious metals, in bitcoin,...

Mr. Big

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Quote from: Monnt on February 20, 2016, 05:54:44 PM

Yes, I don't think bitcoin is currently stable enough to hold long term. I'll be comfortable when the total worth of bitcoin is worth more than the total of the US dollar. Because currently, just one person can sway the market.

might be true,, that is why it is still good to have a fiat savings account, just to be safe about the future, coz no one knows which one is going to fold in the future...

Bemerand

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Quote from: Monnt on February 20, 2016, 05:54:44 PM

Yes, I don't think bitcoin is currently stable enough to hold long term. I'll be comfortable when the total worth of bitcoin is worth more than the total of the US dollar. Because currently, just one person can sway the market.

The bitcoin price is volatile as it is in the early stages of the development. When the price is very high, it will be more stable.

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Quote from: BitcoinBullion on November 09, 2015, 07:26:04 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.

in my opinion this is not a good option,you must not put all your eggs in one basket you can make it 50-50 but not cahout all your fiat retirement and exchange it all to bitcoin,in this world nothing is certain even experts makes a mistakes

Monnt

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Yes, I don't think bitcoin is currently stable enough to hold long term. I'll be comfortable when the total worth of bitcoin is worth more than the total of the US dollar. Because currently, just one person can sway the market.

jokerrj

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People who are into bitcoins would surely wants to get rid of fiat accounts, but depending only on bitcoins would be a risky so its better that we have both as an retirement accounts.

n0ne

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Most people use fiat account in the business as well as for owning properties. Certain Asian countries having tax restrictions based on the yearly income. In such cases fiat can be easily captured. For this they use several fiat accounts with loss statements.

Laosai

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Quote from: Bemerand on February 20, 2016, 04:56:44 PM

I have a pension plan, that invests in the shares and bonds. I will keep that. In the mean while, I will also buy some bitcoins.

You should do it yourself you know :/

Bemerand

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I have a pension plan, that invests in the shares and bonds. I will keep that. In the mean while, I will also buy some bitcoins.

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