Retirement Funds Starting to Buy Bitcoins Nasdaq Say - page 2.

acener

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Quote from: Anonylz on March 28, 2021, 12:53:57 AM

Quote from: nikolastech on March 26, 2021, 03:27:12 PM

New Zealand retirement fund reportedly allocates 5% to Bitcoin
https://www.nasdaq.com/articles/new-zealand-fund-manager-puts-5-of-retirement-plans-assets-into-bitcoin%3A-report-2021-03-26

We all know how much money retirement funds have, so super good they starting buying, others will follow

This should be in everyone's to do list, honestly it is the best idea than keeping them in a bank where they will not yield anything meaningful for the period they are kept,
I have also applied similar approach for my future plan, btc is for the future and what better way plan your future than to start buying btc bit by bit Cool

Even though I agree with you but in reality is it really a great idea?
We don't know for sure if Bitcoin would go up or down in the future so what if they are buying it at a high price and then the price collapse for whatever reason?
I just think that something that great should really be secured not on risk on decreasing their saving.
But it is up to those who would take that plan and we all have different plan in life I just hope that we all succeed.

Anonylz

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Quote from: nikolastech on March 26, 2021, 03:27:12 PM

New Zealand retirement fund reportedly allocates 5% to Bitcoin
https://www.nasdaq.com/articles/new-zealand-fund-manager-puts-5-of-retirement-plans-assets-into-bitcoin%3A-report-2021-03-26

We all know how much money retirement funds have, so super good they starting buying, others will follow

This should be in everyone's to do list, honestly it is the best idea than keeping them in a bank where they will not yield anything meaningful for the period they are kept,
I have also applied similar approach for my future plan, btc is for the future and what better way plan your future than to start buying btc bit by bit Cool

Zilon

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This is a sure future security. As a salary earner or an investor it is critical to invest in coin generally most especially bitcoin investment. Most salary earners end up without any legacy or plans for the future what so ever. It is highly adviceable to invest on coins to secure and account for days of retirement and joblessness.

Although most go into other forms of investment during active days in service but in our present day society it would be adviced to acquire coins because on the long run it would appreciate and add value which could serve as a security in the future

MCobian

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We know the price of Bitcoin is very volatile, this is what makes Bitcoin a high risk asset. However, allocating only 5% of the pension fund seems
safe to do so. Especially if Bitcoin continues to experience price increases, this will be very profitable. There are many positive news about
Bitcoin nowadays, this is why the Bitcoin price continues to rise. Hopefully what New Zealand does is followed by other countries, because it is very
nice to know that many parties are starting to buy Bitcoin right now.

sheenshane

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Quote from: Russlenat on March 27, 2021, 05:42:43 PM

5% allocation for retirement is not that risky, as long as they understand the risk, it's always worth a shot.

That's good input!

In fact, if you will look at the previous price of Bitcoin back then until now, you will see that there is a great improvement and the Bitcoin price was increased at the end even how volatile it is. It will probably do the same in the future, though there's no infinite growth but as you can see Bitcoin always ends up having a new ATH. So, therefore, no doubt Bitcoin is good for the retirement fund plan.

There's always a basic law of Bitcoin, the demand and supply that makes Bitcoin becomes expensive, the more people have an awareness of this technology the more adoption we can get and it will vary the price in the market.

Russlenat

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5% allocation for retirement is not that risky, as long as they understand the risk, it's always worth a shot.

Not sure how they'll act during the bear market as 99% that time will come, but hopefully that would not affect their future as they made a decision during the bullish market, things could be different during the bear market especially if it will take too long before the market will start to recover again.

7788bitcoin

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Quote from: nikolastech on March 26, 2021, 03:27:12 PM

We all know how much money retirement funds have, so super good they starting buying, others will follow

It would be super cool if they have invested when the price was low, since these are retirement funds it is kind of scary and these fund managers might not end up taking the right decision all the time. I will not suggest anyone to hold bitcoin when the price is rallying at an all time high valuation and i have no idea why everyone is suggesting to invest when the price is on a bull market and not retirement funds at this price.

hatshepsut93

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We hoped for mass adoption to start bottom-up, but it seems like all these institutions are going to get into Bitcoin long before average joes. I actually don't see any problem here, but still it's a bit sad that it didn't go like Satoshi and early Bitcoin enthusiasts have hoped for.

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This is good progress where now many more companies, institutions, and also parties have been interested in putting their money into Bitcoin.
And this may be true, will be followed by others if they make a bigger change on Bitcoin adoption.
Although it is 5%, this is also good starting at least they believe in Bitcoin as an asset for future, for investment, not only Gold that makes them worthy and interested.

Quote from: nikolastech on March 26, 2021, 03:27:12 PM

We all know how much money retirement funds have, so super good they starting buying, others will follow

But I am also thinking about it, if other companies are also starred to follow this way, will they be only in hype?
I mean, today, Bitcoin is likely in a big hype where the price of Bitcoin has been increasing so significantly multiple times bigger than last year. And when the price drops after this bullish era, what will happen to them, because sometimes, they only follow the hype and not really know about how Bitcoin mechanism. And this may also make little bit shocking condition or panic situation for them. When they panic sells all Bitcoin that they have, I cannot imagine the influence on the amrket.
But hopefully, this is not.

Ryker1

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Well, perhaps bitcoin will become retirement funds if it will continuously have growth. But as above says, it is indeed a very crucial thing because you don't even know when it will crash too hard or you will perhaps lucky so much when the bitcoin price doubled as you have invested. There is a possible risk here that you should understand from the start and that is much better if you are aware in the first place. We don't know what will happen next, bitcoin will pump or dump but I have a strong feeling bitcoin will become the most popular digital asset that can store value.

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Quote from: dothebeats on March 26, 2021, 03:57:03 PM

This is awesome and scary at the same time. A lot of huge companies are already trying to get a piece of the pie on large increments. Should there ever be a huge crash, we all know that these entities aren't as die-hard as most of us here, and would surely cut losses that'll send bitcoin into an even deeper pit.

Perhaps this is one of the chapters wherein bitcoin is really getting big and companies can no longer ignore bitcoin, and this is also that chapter wherein bitcoin is very fragile IMO.

you have a point on that. since these companies are concerned about their financial conditions, they will have no qualms selling it when the right time for them comes. though it is good for the crypto community as they may drive more adoption as people will see that more and more big institutions are joining the crypto community. however, those people who are putting their hard-earned money whether savings or for retirement, should really think of possible repercussions of their decision. they need to present themselves the worst case scenario here . or plan contingencies that would be their backup plan when things go sideways.

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Quote from: Jating on March 26, 2021, 10:41:59 PM

Quote from: nikolastech on March 26, 2021, 03:27:12 PM

New Zealand retirement fund reportedly allocates 5% to Bitcoin
https://www.nasdaq.com/articles/new-zealand-fund-manager-puts-5-of-retirement-plans-assets-into-bitcoin%3A-report-2021-03-26

We all know how much money retirement funds have, so super good they starting buying, others will follow

Big gamble on them, but they probably play it safe by just allocating 5% of it to bitcoin. Otherwise, if we see the price suddenly goes down, we don't know if the people behind are going to hold on it or just sold because they panic.

Anyhow, this is welcoming news for bitcoin though, good exposure to say the least. And probably others might say that this could be considered as getting closer to mass adoption.

Wanna say the same thing on where they do risk only 5% in form of bitcoin but i do believe that once they do saw that they had already make out some increase then for sure they will allocate more.

The question is, are they aware of the risk? For sure they do because they wouldnt be putting 5% if they dont know on what theyre doing.Bitcoin is volatile and they wouldnt like to risk

out those retirement funds into something which is volatile. 5% might do but it wouldnt be bad if reconsider on putting at least 10-15%.

batang_bitcoin

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Years ago IIRC, there have been people who have already talked about this. They're putting a sum of their money to bitcoin and they'll forget it as it will serve as their retirement.

Quote from: larus on March 27, 2021, 05:21:17 AM

I always thought that btc is too risky for such kind of funds

It is risky in a sense if they don't understand what bitcoin is. But if they're aware what could be the risk that it has and I guess they're ready to take it and they're fine to do so.

jerrison

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Bitcoin as a project keeps the world going in flames as how it came into existence and started disruption of regular banking systems that are age old. Many folks didn't put their eyes out there to the tech but they kept on waiting for the wealth in the normal thoughts they presumed but now they are seeing it in a different light as they now consider it a worthy investment for their retirement plans.

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That's at least a handful I know of just from these headlines then, I thought, and then I read it's under their Labour party. Still some way of from state pension funds like Norway that started many years ago though so they're ahead of the curve. Don't believe many Kiwis would put as much as 5% though. They'd need quite a bit of majority vote at the funds and as much as I like them, can't see anyone in any financial department vote for that much allocation, so probably needs a bit more detail than this. Still, I'd love to join such a fund if I were from there;)

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Quote from: nikolastech on March 26, 2021, 03:27:12 PM

New Zealand retirement fund reportedly allocates 5% to Bitcoin
https://www.nasdaq.com/articles/new-zealand-fund-manager-puts-5-of-retirement-plans-assets-into-bitcoin%3A-report-2021-03-26

We all know how much money retirement funds have, so super good they starting buying, others will follow

Even though I think they must be putting in this money after a lot of risk analysis and hedging but still I feel putting even 5% of a "retirement fund" in such a risky asset. Is it really worth it? I feel that most of the Retirement funds aim at rather plain vanilla-type returns with minimal risk so as to ensure that the hard-earned money of Employees doesn't end up being screwed. While investing in Bitcoin would be profitable in the long run yet I think it's a very brave thing to do as Bitcoin still has no established theory using which you can calculate a sort of intrinsic value for it. So the only thing these people are speculating on is Price and nothing else.

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Quote from: larus on March 27, 2021, 05:21:17 AM

I always thought that btc is too risky for such kind of funds

What investment has no risk anyway?

Its the retirees last shot for investment, 5% of their retirement fund is good start to allocate for Bitcoin. Soon more nationalities from government or private sectors will be involve in this space allocating their retirement money for Bitcoin.

tinopener

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Quote from: larus on March 27, 2021, 05:21:17 AM

I always thought that btc is too risky for such kind of funds

Not at all. A lot of these funds have an element of "total return" whereby they don't necessarily produce large returns over the long term, but predictable positive returns over any span of time.

They will use all sorts of tricks like derivatives as well as the usual instruments like bonds and equities. Although they seem boring, they are doing a lot of complex transactions to try to keep the books balanced.

Although not a retirement fund, Ruffer Ltd in the UK was the first of these sort of companies to buy into Bitcoin, and immediately took profit when it reached a new all time high.

tinopener

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Quote from: nikolastech on March 26, 2021, 03:27:12 PM

New Zealand retirement fund reportedly allocates 5% to Bitcoin
https://www.nasdaq.com/articles/new-zealand-fund-manager-puts-5-of-retirement-plans-assets-into-bitcoin%3A-report-2021-03-26

We all know how much money retirement funds have, so super good they starting buying, others will follow

Yes, I read about this elsewhere too and was pleasantly surprised that it was a backwater like New Zealand.

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Quote from: dothebeats on March 26, 2021, 03:57:03 PM

This is awesome and scary at the same time. A lot of huge companies are already trying to get a piece of the pie on large increments. Should there ever be a huge crash, we all know that these entities aren't as die-hard as most of us here, and would surely cut losses that'll send bitcoin into an even deeper pit.

I dont think so , these funds are long term players. Even if the price tanks for in few months time or even 1-2 years time, they wont sell as the classical retail investors who are mostly investing for the short term and will get scared easily. Also they are allocating small amount of their portfolio.

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