Topic: Investing into Bitcoin as self pension - page 4. (Read 694 times)

It is clearly wise for those in their twenties to try to accumulate Bitcoin between now and retirement. But on the one hand there is also another question that arises from this, namely whether young people who are still in their twenties are able to hold Bitcoin for that long because usually young people nowadays are more easily tempted by luxury things that make them try to buy it. So they often forget that they are planning their retirement by collecting Bitcoin by continuing to hold Bitcoin until that time comes later in their life.

Apart from that, everyone should not ignore fleets such as houses and several other assets that can be useful for their lives and also for future generations through their own families. Because whatever the regulations from the government and natural disasters that can appear suddenly without us realizing it, residences such as houses and buildings that can be used as investments for the future must also be considered important.

Because if someone is afraid to make that kind of investment in their life just because of natural disasters and regulations from the government, I think Bitcoin investors will also feel something that is not much different if a natural disaster can destroy the internet in their area. Likewise with regulations from the government which you don't need to be afraid of because if you are afraid to invest because of that, it means you have to become the leader of that country or create your own country whose rules you can make yourself

If you can say that the chances of losing value in bitcoin is very thin isn't that the same with other investments out there? Like stock and gold? As a matter of fact, every investment carries high risk, even running a business doesn't guarantee that it will be successful in the next 10 years.

This same risk is available in everything in this world, not even our lives are guaranteed, anything can happen to anyone at any freaking time.

---

I am defending this because my retirement plan ends with Bitcoin, I don't plan on having gold or silver, I care about having a good amount of Bitcoin when I am older if I have to give my children some of my things Bitcoin would be the first.

This is just me, I don't know about you, but I have more confidence in Bitcoin than anything, and still won't stop me from having properties but Bitcoin will be my bank, my right channel for funding anything and everything that I want to fund.

Proper decision at the right time can make a big difference in everything in his life. Any type of investment is risky. Those who have the courage to take risks can be profited. Bitcoin's journey started not too long ago. But Bitcoin has already taken the priority over the world. Some of the current retirees have expressed interest in Bitcoin. Some even invest their retirement money in this platform. My personal opinion in this regard is that those who know about Bitcoin and have a long-term investment plan should invest in Bitcoin. While other investments require a lot of money, investing in Bitcoin only allows one to get high returns with comparatively less investment. But the investor must invest such money that loss of money does not create any problem in his life.

Bitcoins are really improving to be honest. If you ask me then it will be really a great plan to use Bitcoins as your retirement options. Bitcoins have really grown in the past few years. So if you are someone who is in their late twenties, then definitely you can make your retirement life easily by investing in the coins. Just regularly accumulate the coins and after 40 years, definitely you will make good profits.

I don't think that it's a good idea to rely on bitcoin as a way to grow your retirement money, as much as I believe in bitcoin, it's still a volatile investment that can go anywhere at any given time so there's always that possibility that you're probably going to have a problem with your investment going down in value.

What you need in retirement money is something that's consistent and won't easily go down in value, I say that it would be better if you split it up on different kinds of investments so you're not going to be the one that's losing money at the end because you've put your eggs in one basket. Or you can just say "fuck it" and risk it all on bitcoin, bitcoin's not going anywhere anyway so I'm sure that even if I've got reservations about it's volatility, bitcoin will still get back up when it experiences the bear market, it's a cycle of dump and pump but we never know when those things are going to happen again, what I'm worried about too is the fact that you might not be able to take the panic that you're going to feel when the price of your investment has gone down in half or more, that's where your test of faith in bitcoin is going to start.

Before this leave question on my mind if we can really make this to happen since we don't have something to hold and government still so skeptical about it before. But now the level of adoption and increasing the numbers of people using it then this give clear statement that bitcoin is really different and have good potentials for investment and any means. That's why I would agree that this might be a good option for people to put their retirement funds since it can possibly multiple for more. But also they make sure that they are prepare for other consequences and have extra funds for emergency situation so that they have extra money to use once everything didn't go as we expect to happen.

While I agree with that but there's still the bigger portion of being into the real estate game. It's passive income and it's normal to have obligations in the government. I know it sucks and they want chunk for everything that we have but speaking wisely, it is one of the best to have when you're already old and will just take passive income from rent there and when you're done, you'd sell it at a great mark up.

100%.

As they can tax and take over the lands and properties, they'll never be able to take our bitcoins.

Personally I think one should have more than one investment plan, especially when it comes to retirement. And it's not too early to think about retirement even if you're in your twenties. Even if Bitcoin is profitable as is, in a time scope of ten years, I still see it bright, but if it's in the distant future, can't tell what the world would have going on, and how that would affect Bitcoin.
Bitcoin is a good investment as of now, but there is no guarantee that it's the best retirement plan. I think that's one of the risks, but then... When it comes to uncertainty, plan B should be a thing

In my opinion, the choice is in our hands, meaning that with financial knowledge and ability when we are still young, preparations must be made immediately, although in the end Bitcoin is not the only thing we have to focus on at any given time because we are also required to be flexible in adapting to change. market conditions.

but, I believe BTC is an interesting strategy to maintain since then because BTC is also an asset class that can help protect a portfolio from extreme market fluctuations and is intended to go up and continue to go up unless the internet is no longer needed by humans and that I think is very relevant with long-term financial goals too.

That sounds risky. There is no assurance that Bitcoin would still be relevant 40 or so years from now. So I guess the safer option is to diversify your retirement savings. Bitcoin, of course, is one great option, but you can't entrust your entire retirement solely on it. You can have fiat-based retirement plans as well. You can also make investments in stocks, real estate, and others. You can dispose them with a much higher value when the time comes.

You should never equate pensions and bitcoin deposits, because reality is always one step ahead. Investing in Bitcoin is a good sign but you can never gather everything in one place. So if you show up at a place with different plans, chances are high that things will go wrong. So you can implement the Bitcoin plan and keep yourself calm.

This form of investment is still beneficial as I have seen most buildings which was built by people who on there early age was working in good places and they used there money and put it into good news, housing and landed properties as a very good point of investment especially when you have built in a well suited area.

Let’s just take war aside, if the place is marked for demolition the owner of the place is going to be paid base on the worth of the property, so even if one want to invest in bitcoin building houses for rent won’t also be a bad thing you can consider both if your salary can be enough when you remove what you want to use as investment.

The future is very unpredictable, so no one can actually know for sure what will be the future of Bitcoin in the years to come. Take, for example, the pandemic that happened in 2019. If anyone was told in 2017 that there would be a great pandemic in 2019–2020,  many people would disagree, while some religious people would pray and cancel such thoughts with their faith in their religion. We always hope and also stay positive that the future will bring about good things according to our expectations, but the fact is that it is not always as we expect it every time.

Bitcoin is a very great asset, and investing in it at a very early age is a practice that can be of great profit to the investor. Like you said, if anyone keeps accumulating Bitcoin right from their 20s, before they get to 40 or 50, which they may think of retiring at that age, they will already have accumulated a large sum of Bitcoin, which will really be enough to sustain them during their retirement days.

At the current performance of Bitcoin market, it is wise and realistic for someone at his early age to see and strategize to make Bitcoin as his retirement plan. As long as you have the money, why not?  Just make sure that the plan is set for a long term and with that, we should always vigilant and updated on the movement of the market.  Let us say our plan is to take profit after 5 halving (mostly will take around 20 years) that is too far in the future so we better need to be updated so that we can act accordingly if there is some issues arise that can affect the Bitcoin market negatively.

As long as you are strong enough to hold the bitcoin you have then why not because it is still very doable even though you are currently in your 20s.

I personally am currently still at that age even though I will soon move to head 3 but indeed I have the same mindset towards bitcoin only maybe in this case apart from supporting my old age on the other hand I will use bitcoin for my future needs.
Not wanting to be naive I also want a maximum result and I have a target to sell some of my assets when my plan has been achieved in terms of value so regardless of whether it is up to my old age or do not want to lose momentum to be in bitcoin.
My temporary target is for the next few years but it does not rule out changes in plans made later.

I have been seeing different writing about Bitcoin as pension, which could be unwise and I don't know if they are serious about it it they just want to accumulate merits thinking with our mere faculty It would be easy to gather supporters. If anyone ever take this kind of decisions during the bear market, it is going to lead to a total loss of funds unless the person is ready to wait for few years for the price of Bitcoin to come live again.
There are many things we need to put into consideration before we need to never think of investing in Bitcoin as a pentionial. The market could decide to move to may direction and we need to be aware of the market situation before making at decision.

If we learn the growth of Bitcoin price, it always shows the chance for good profits. We already experienced few bullrun season, Bitcoin price always increased significantly from one bullrun season to another bullrun season. We even don't need 10 years, it is enough to hold for 4 years. The bullrun season has 4 years cycle. We only need to follow this cycle to ensure good profits.

Yep, Bitcoin is a speculative investment. But with the fact of it has 4 years cycle, it is actually not a very speculative investment because we know how long Bitcoin to increase its price.

Why not to have Bitcoin as the asset for the retirement?
If I have enough money, I must buy some Bitcoin when it is in the bearish season to hold for my retirement investment. It is already proven to give great profits for any investors in each bullrun season. I just need to keep it on my private wallets and wait for the bullrun season every 4 years. This is an easy thing to do when I've retired from my jobs.

In addition, despite of how profitable bitcoin is, learn to invest only on your spare money that you can easily afford to lose. Bitcoin has all the possibilities to turn into a million price, yet it’s never impossible for bitcoin as well to drop its price drastically and fall to its deepest. So always invest at your own risk.

And never put all your eggs in one basket, learn to diversify. You can build physical investments or invest in real estate, stocks or gold, but put a bigger allocation for bitcoin as it has the highest return of investment so far.

Yup. It is not only the old ones that can setup their retirement plans with Bitcoin but if you're in your twenties and you're thinking about that. That only means that you're preparing for your future so that you don't have any problems with it. It is being treated as a lifesavings and I have seen people told that they are saving their money into Bitcoin for their financial retirement plans. I think it was countless people when they've told that and that's the reason why many just wanna be well off with their life in the future without having any financial problems.

If you're preparing this early, you'd definitely see the results of it earlier than expected and you might be able to retire early. But as we retire, what are you going to do next? Many are called retired but they're doing their passion and for them to have something to do and have a day to day activities so that they'd still stay in fit and whatever activity they are joining, the only matter is that they are not problematic anymore with their finances.

Investing in Bitcoin is not a bad thing; in fact, it's one of the assets one should invest in for future purposes because it's a long-lasting investment and its value is increasing as time goes on. Those who were able to invest in it 5–10 years ago are enjoying the benefits right now. 
 
But one advice I will give you: if you want to use bitcoin to save up for your retirement plan, I will advise you to take the security of where ever you want to save it very seriously, knowing fully well that it's not just something for months; you should protect it very well in order not to end up losing access to it or falling victim to hackers. 
 
Then again, it's not also very good for you to divert all your investment into one asset. You can also invest and save on other things, even if most of your savings are on Bitcoin. You can also invest a little capital in real estate or other forms of investment to be on the safer side.