IS IT SAFE TO INVEST PENSION FUNDS IN BITCOIN? - page 4.

Fredomago

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Quote from: cheezcarls on April 25, 2023, 02:29:27 AM

Quote from: initim on April 22, 2023, 01:02:40 PM

I spoke to a friend about Bitcoin and he asked if it is safe to invest Pension funds in Bitcoin considering the fact that this is a retirement saving. I am skeptical of investing people's funds in this coin because it can't be predicted also we cannot overlook the fact that Bitcoin may enhance investment returns at retirement.
However, my findings from people that work in these organizations say contributor's funds in some categories can be invested in risky investments because of the high return on investment and contributors have the option to opt for this option but with the exception of the soon-to-retiree.

If he chooses to do so, it's better not to go all-in. Only invest an amount that he can afford to lose if that's the only source of income he has.

This also reminds me of my sister who used to ask me if it's okay for her entire savings to go all-in on Bitcoin, but I educated her not to because of the high risks as well as the unpredictability of the market.

Proper guidance if ever that the person or the retiree are really interested to put his savings into this investment, providing all the information that may allow him to think twice is the help that you can do to avoid letting him to invest everything, if you can influence the person or if you can educate him, there's a bigger chance that he may go deeper before placing his money.

At the end of the day, it's still his decision to make as he owns the money and anything he decides will depend on how he projects
the potential earnings that he will gain from this market.

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Quote from: el kaka22 on April 25, 2023, 01:10:06 PM

Others? No. Yours? Yes. I personally have all of my retirement fund in bitcoin and I think it is going to be very important to make that change. I know that if you take others money and invest that into bitcoin then you would be in a big trouble and you should not do that, but when we are talking about just bitcoin and when we are talking about just you? That changes things and you should be able to invest without a trouble.

Not a lot of people can make a big change like that and put all their retirement fund into crypto, because they would be afraid of it. However, I am not afraid of it and I trust that it will do much better for sure. I think it is going to make a big change soon and the price will be a lot better in the end so you should keep holding it.

It all matters with risk taking because its ours decision to make and among all it was our money to be used and not into others, which means that it would be that impossible that you arent aware about the risks

on the time that you do make out some decision on investing or making use of your pension funds into Bitcoin.Yes, it is indeed risky because we dont really know on what the future holds or what are the things
that would happen in next but somewhat we do really have the idea and able to see on what it does back into a decade back which we can say that it does really have the chance that the risks you have
taken would really be that worth.
Somewhat if it isnt something that you could be able to afford on doing so, then its better to skip out but if you could be able to bare up the risks then it would be always be falling
into your own choice whether you do proceed or not.

el kaka22

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Others? No. Yours? Yes. I personally have all of my retirement fund in bitcoin and I think it is going to be very important to make that change. I know that if you take others money and invest that into bitcoin then you would be in a big trouble and you should not do that, but when we are talking about just bitcoin and when we are talking about just you? That changes things and you should be able to invest without a trouble.

Not a lot of people can make a big change like that and put all their retirement fund into crypto, because they would be afraid of it. However, I am not afraid of it and I trust that it will do much better for sure. I think it is going to make a big change soon and the price will be a lot better in the end so you should keep holding it.

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Quote from: light_warrior on April 22, 2023, 01:17:07 PM

Investing pension funds in Bitcoin would be considered a high-risk investment strategy that may not be suitable for everyone. It is very important to remember that retirement savings are generally considered a long-term investment and that too much risk may not be suitable for those approaching or in retirement.

This is accurate, and they should pay attention to it because there are risks involved. It might seem like a good idea given its popularity and the fact that prices are rising, but that doesn't really change the fact that risks still exist. It's best to keep those risks in mind, but if you are able to accept them and choose to invest in or save for your pension fund, that is when it will pay off. While it is not necessarily wrong to issue such a warning to someone who does have those kinds of thoughts, they are the ones who do make such decisions.

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Quote from: carlfebz2 on April 24, 2023, 06:19:44 PM

Diversify as much as we could and as long the money or funds we do have is something that could possibly generate income.We shouldnt really only on one income source
and dont rely with pension funds or something like that.Always be that good if you do consider out on on diversifying while you do still have the capability on
doing so because on the day come when we are old and doesnt have something to rely on then these investment would really paid off
for long term.

Asset diversification is of course a benchmark in order to avoid high-risk investments. In other words, don't enter in one box but the box needs to have 2 double locks to keep the assets that are owned can be inherited. Our job is to entrust it to the right people. Pension funds are not always ideal, in the middle of the road you need an emergency fund, namely cash as an option for health costs, and to meet a guaranteed standard of living.

Quote from: bitterguy28 on April 25, 2023, 01:53:54 AM

when time my retirement comes?
surely all of those will be vested in Bitcoin and will completely for another years preparing for my future life with my Wife as my children will have their own and we will be living both together.

You are very realistic and make long-term plans, but before you do that, have you anticipated by providing education regarding Bitcoin price fluctuations, selling at the right time, taking profits according to the target, and what needs to be emphasized is where you or your family and wife really have the same understanding. how does investing in crypto assets work?

cheezcarls

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Quote from: initim on April 22, 2023, 01:02:40 PM

I spoke to a friend about Bitcoin and he asked if it is safe to invest Pension funds in Bitcoin considering the fact that this is a retirement saving. I am skeptical of investing people's funds in this coin because it can't be predicted also we cannot overlook the fact that Bitcoin may enhance investment returns at retirement.
However, my findings from people that work in these organizations say contributor's funds in some categories can be invested in risky investments because of the high return on investment and contributors have the option to opt for this option but with the exception of the soon-to-retiree.

If he chooses to do so, it's better not to go all-in. Only invest an amount that he can afford to lose if that's the only source of income he has.

This also reminds me of my sister who used to ask me if it's okay for her entire savings to go all-in on Bitcoin, but I educated her not to because of the high risks as well as the unpredictability of the market.

bitterguy28

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If you believe it or not?

I am preparing my pension plans for investing in Bitcoin , though it will be years from now
but some of my money now are invested in bitcoin for my future(aside from my family's future)

when time my retirement comes?
surely all of those will be vested in Bitcoin and will completely for another years preparing for my future life with my Wife as my children will have their own and we will be living both together.

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in fact, this can be done if your friend has other savings for his old age. You are right, that investing in bitcoin using a pension fund is a very risky thing. if the person only has a pension fund as collateral at this time, then it will be very risky. despite the fact that bitcoin is profitable for many people, and its price tends to increase, no one can predict the future. In addition, he can use 20 to 30% of his retirement funds to invest as long as he is willing to lose that amount.

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Quote from: xSkylarx on April 24, 2023, 10:25:16 PM

-snip-
You know pensions are used by those retirees to enjoy their old lives, so I wouldn't agree with investing it all in bitcoin.

The worry is that bitcoin's high volatility will affect the mentality of the elderly. This will lead them to some serious physical health problems.

By the way, the question arises after thinking hard, what is the purpose of retirement investing in old age? Because a good investment choice will at least take a long time.
Let's say they achieved that after a few years, so what's next?Fancy food, sports cars, stately homes? I'm not sure, they enjoy it all more in their old age.

xSkylarx

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If the person knows that risk, is it okay for him if the Bitcoin price is stabilizing or dropping for a couple of years and he sees his investment as a loss? Also, there is the risk that anything could happen to his investment. You know pensions are used by those retirees to enjoy their old lives, so I wouldn't agree with investing it all in bitcoin. I mean, you can invest some of it but also use it to enjoy your life and not stress out a lot to earn more because you are old and you've been working your whole life.

carlfebz2

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Quote from: hyudien on April 24, 2023, 09:54:58 AM

Quote from: light_warrior on April 22, 2023, 01:17:07 PM

Investing pension funds in Bitcoin would be considered a high-risk investment strategy that may not be suitable for everyone. It is very important to remember that retirement savings are generally considered a long-term investment and that too much risk may not be suitable for those approaching or in retirement.

This is true, and a little extra that apart from being risky, of course, you also need to consider that pension funds mean that the funds to be used when facing old age who plan to invest in Bitcoin will be better off choosing assets that are stable in nature such as gold, real estate and some assets that do not have high volatility. So try to find an alternative because Bitcoin doesn't always have a high price, I don't forbid it, but when it comes to retirement funds, it means that the person needs an investment that has a stable value so that he can take profits at any time when it's urgent.

Diversify as much as we could and as long the money or funds we do have is something that could possibly generate income.We shouldnt really only on one income source
and dont rely with pension funds or something like that.Always be that good if you do consider out on on diversifying while you do still have the capability on
doing so because on the day come when we are old and doesnt have something to rely on then these investment would really paid off
for long term.

Quote from: Baoo on April 24, 2023, 02:46:34 PM

In general, investing in cryptocurrencies is perilous and unsafe. However, Bitcoin investment is less risky especially if your strategy is a long term one. And to be honest, it is one of the best ways to earn large income but that can take a lot of time to be achieved, it requires patience. In fact, I encourage your friend to use DCA ( Dollar cost averaging) method, it could be effective to manage the high risk and gain money in a safe way. Plus, the recent price is a good opportunity to purchase Bitcoin but be careful, it is preferable to not invest more than you can afford to lose otherwise, you will fail and regret. As far I am concerned the more you invest when the price is low , the larger return in long term.

Its never been safe and it would never be and this is what you should have put up into your mind because cryptocurrencies are way too unpredictable and there's no way on knowing on where it would be heading.
Somehow, if you are a person who do love to take up some risk then you might consider on making one but its never been that recommendable for you to make that all in kind of investment.
You could throw up with some small percentage if you do really like on investing to it. We are all saying on the same thing that its never been that ideal
on doing so and risks involved is way too high or simply doesnt have assurances.

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Quote from: Finestream on April 24, 2023, 04:45:16 PM

Quote from: initim on April 22, 2023, 01:02:40 PM

I spoke to a friend about Bitcoin and he asked if it is safe to invest Pension funds in Bitcoin considering the fact that this is a retirement saving. I am skeptical of investing people's funds in this coin because it can't be predicted also we cannot overlook the fact that Bitcoin may enhance investment returns at retirement.
However, my findings from people that work in these organizations say contributor's funds in some categories can be invested in risky investments because of the high return on investment and contributors have the option to opt for this option but with the exception of the soon-to-retiree.

Definitely not safe. It would be too risky for a retiree to invest his pension funds knowing you can’t predict when will be bitcoin investment becomes profitable. Yes, it’s certainly a long term investment but retirees can’t definitely wait for that long knowing they should enjoy their pension funds rather than investing to grow more. Besides, retirees are too old already not to be affected with bitcoin price volatility, they might end up losing their lives earlier if they found out their investments did not work out.

I think it is much better to diversify your portfolio of investment of your pension fund. Since different investment have different risk, this yields to a more diverse way on getting profit whereas some of it are secured on low risk investment that still gives you profit, while others are allocated on high risk so that you at least can expect high return if everything goes well. It is a matter of personal choice on these kind of investments so just be careful on choosing what investment you will take and make sure you did a lot of consideration since it is still a risk for your money that is intended for you in the future.

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Quote from: initim on April 22, 2023, 01:02:40 PM

-snip-

You can expect bitcoin to give you commensurate returns on your retirement budget if you are willing to stick with it for the long term. But of course you shouldn't put everything into bitcoins if you have nothing, you better have savings.

You know, I no longer plan to invest in gold because I tend to believe that bitcoin can give me good returns. I focus on investing in the long term instead of expecting returns in the short term. So you ^{[your friend or whoever]} can use the retirement budget to invest, but still manage your finances wisely.

Fredomago

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Quote from: Finestream on April 24, 2023, 04:45:16 PM

Quote from: initim on April 22, 2023, 01:02:40 PM

I spoke to a friend about Bitcoin and he asked if it is safe to invest Pension funds in Bitcoin considering the fact that this is a retirement saving. I am skeptical of investing people's funds in this coin because it can't be predicted also we cannot overlook the fact that Bitcoin may enhance investment returns at retirement.
However, my findings from people that work in these organizations say contributor's funds in some categories can be invested in risky investments because of the high return on investment and contributors have the option to opt for this option but with the exception of the soon-to-retiree.

Definitely not safe. It would be too risky for a retiree to invest his pension funds knowing you can’t predict when will be bitcoin investment becomes profitable. Yes, it’s certainly a long term investment but retirees can’t definitely wait for that long knowing they should enjoy their pension funds rather than investing to grow more. Besides, retirees are too old already not to be affected with bitcoin price volatility, they might end up losing their lives earlier if they found out their investments did not work out.

I like that idea, pension should be enjoyed instead of taking the long-term wait, I mean those retirees should use the retirement benefits to enjoy life while they still alive, come to think of it, if those people invest their retirement savings then the market falls hard, it can be a caused of their anxieties realizing that they lose a lot.

Though I'm not against if a retiree thinks that they can wait to grow their money, then so be it, as long as they can fully handle the risk.

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Quote from: light_warrior on April 22, 2023, 01:17:07 PM

Investing pension funds in Bitcoin would be considered a high-risk investment strategy that may not be suitable for everyone. It is very important to remember that retirement savings are generally considered a long-term investment and that too much risk may not be suitable for those approaching or in retirement.

This can be a very risky move, so if I had no choice but to invest then I'll put only a small percentages of the pension fund into investing in Bitcoin. Something like 10% is a low risk and when the price of bitcoin increases, it'll be a good investment since the profit that'll be generated will be huge. Investing in Bitcoin is safer than most investment opportunities.

With Bitcoin investment, you can do that with your personal wallet and capital and you don't need to go through paper works and other formalities that you'll have to do if you were buying shares or stocks. Bitcoin investment is the quickest and likely to give you more return on your investment.

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I don't think there's any good crypto advisor who will advise anyone to invest all is pension funds in bitcoin because of the risk it involves. Nobody have guarantee that this is what will actually happen to Bitcoin but we are just aiming that it will be positive.so I will say it will be too risky to invest in Bitcoin with the many that you can't afford to lose.

And based on your comments, I can infer that your friend has no knowledge of Bitcoin; so, why couldn't he/she be patient and learn and do some research on Bitcoin and cryptocurrencies in general?I don't believe investing in bitcoin right now without first considering security issues because it is a good idea to first consider. From my personal experience, I can also state that Bitcoin is a wise investment, but I cannot advise anyone to invest money they cannot afford to lose.

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Quote from: initim on April 22, 2023, 01:02:40 PM

I spoke to a friend about Bitcoin and he asked if it is safe to invest Pension funds in Bitcoin considering the fact that this is a retirement saving. I am skeptical of investing people's funds in this coin because it can't be predicted also we cannot overlook the fact that Bitcoin may enhance investment returns at retirement.
However, my findings from people that work in these organizations say contributor's funds in some categories can be invested in risky investments because of the high return on investment and contributors have the option to opt for this option but with the exception of the soon-to-retiree.

Definitely not safe. It would be too risky for a retiree to invest his pension funds knowing you can’t predict when will be bitcoin investment becomes profitable. Yes, it’s certainly a long term investment but retirees can’t definitely wait for that long knowing they should enjoy their pension funds rather than investing to grow more. Besides, retirees are too old already not to be affected with bitcoin price volatility, they might end up losing their lives earlier if they found out their investments did not work out.

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Quote from: hyudien on April 24, 2023, 09:54:58 AM

Quote from: light_warrior on April 22, 2023, 01:17:07 PM

Investing pension funds in Bitcoin would be considered a high-risk investment strategy that may not be suitable for everyone. It is very important to remember that retirement savings are generally considered a long-term investment and that too much risk may not be suitable for those approaching or in retirement.

This is true, and a little extra that apart from being risky, of course, you also need to consider that pension funds mean that the funds to be used when facing old age who plan to invest in Bitcoin will be better off choosing assets that are stable in nature such as gold, real estate and some assets that do not have high volatility. So try to find an alternative because Bitcoin doesn't always have a high price, I don't forbid it, but when it comes to retirement funds, it means that the person needs an investment that has a stable value so that he can take profits at any time when it's urgent.

Some peoples mindset is that on the time that they gets old, they are really that thinking that their children are the ones who would really be be taking care of them on the time that they gets old without even trying to
think about the probabilities which they might be able to experience the different thing because we know that out children would really be raising up their own family which means that us parents or their guardians would really be most likely to be neglected or would really be out of focus but well it would really be depending on each children you do have because there are ones who do really give out importance.

But in overall then it would really be just right that you should be wasting up your pension fund on which you should think advanced and secure out on things. Investing it on Bitcoin?
For some partial or part then it would really be that considerable but having that all in? It cant really be just that too safe or secure.So its better to have that reconsideration
if you've been thinking up that way.

Baoo

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In general, investing in cryptocurrencies is perilous and unsafe. However, Bitcoin investment is less risky especially if your strategy is a long term one. And to be honest, it is one of the best ways to earn large income but that can take a lot of time to be achieved, it requires patience. In fact, I encourage your friend to use DCA ( Dollar cost averaging) method, it could be effective to manage the high risk and gain money in a safe way. Plus, the recent price is a good opportunity to purchase Bitcoin but be careful, it is preferable to not invest more than you can afford to lose otherwise, you will fail and regret. As far I am concerned the more you invest when the price is low , the larger return in long term.

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Assume you keep bitcoins under custody:
Safe from potential unilateral claims? yes
Safe from monthly savings fees? yes
Safe from tracking unwanted parties? yes, it depends

Safe from volatility effects? No
Safe from the risk of loss of access and theft? it depends.

No matter the source of funds, all investment instruments have their own unique risks. Even if you just keep it in fiat. So consider it with the preference of your ability to deal with that risk

Topic: IS IT SAFE TO INVEST PENSION FUNDS IN BITCOIN? - page 4. (Read 727 times)