Wasn't that good to use bitcoin as your lifetime asset?

swordling143

full member

Activity: 360

Merit: 100

Quote from: bahandhi0508 on August 06, 2017, 06:51:23 PM

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

This is not hard to believe. I mean the very reason that we hold onto our own bitcoin is because of the belief that there would come a time when it's value would be really high. Now, this is what we believe that will happen in just a few months. But, what if it will still be possible in a few years and the highest price could fall there? It is better to be ready for that day.

nightfury

full member

Activity: 392

Merit: 100

Yes of course because as you can see, bitcoin is there since 2009 and remains to be stable despite of traveling a rough road and a couple of updates. Still, bitcoin is the number 1 crypto currency and this makes me believe that BITCOIn is built to withstand and last for even a century to come. So don't hesitate to invest in bitcoin since i started it too regardless of how high its market vaule today.

rcticoin

full member

Activity: 139

Merit: 100

make bitcoin as assets lifetime for me would be very useful in the future, if we look of the income as pembinsnis in the wild world cryptocurrencies we can not guarantee, using bitcoin you don't have to worry if your age was 60 up to look for income, bitcoin will help you regardless of your physical condition, while you can save on bitcoin, do not too late to towards a bright future.

hynext

full member

Activity: 350

Merit: 105

Well bitcoin has many potential that you can use as a pension when you retired to your job. You can see bitcoin price today, rising like an eagle but do not invest all your money in bitcoin. Old man saying, do not put in one basket.

Rose119

full member

Activity: 502

Merit: 100

Quote from: youdacapt on December 06, 2017, 07:33:11 PM

Quote from: aintnopassincraze on December 06, 2017, 04:13:43 PM

Quote from: bahandhi0508 on August 06, 2017, 06:51:23 PM

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

Well by then if Bitcoin prices rests at something solid above 1 million you can be sure it will be enough to retire on given you had enough of it while you were younger. Now whether it will be spendable on a daily basis is another argument but regardless of that you will be able to take out a year's expenses by selling it on the market and given it to somebody else. This is what I hope occurs with Bitcoin long term if not I will sell when the ship looks like it is sinking (I don't think that will happen though).

I think we should stay in balance with the ownership of real-world assets, we do not need to trust 100% with bitcoin and still have a safe limit for comfort in retirement, bitcoin should be considered an active asset because if we are not active when Bitcoin experiences a strong decline it will become a disaster. But if you can continue to analyze charts then it will be the best asset.

Bitcoin will be good to use if the fee was not so big and i think You are right, we don't need to trust in bitcoin 100 % because the value can be decrease anytime .

youdacapt

sr. member

Activity: 1806

Merit: 295

Quote from: aintnopassincraze on December 06, 2017, 04:13:43 PM

Quote from: bahandhi0508 on August 06, 2017, 06:51:23 PM

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

Well by then if Bitcoin prices rests at something solid above 1 million you can be sure it will be enough to retire on given you had enough of it while you were younger. Now whether it will be spendable on a daily basis is another argument but regardless of that you will be able to take out a year's expenses by selling it on the market and given it to somebody else. This is what I hope occurs with Bitcoin long term if not I will sell when the ship looks like it is sinking (I don't think that will happen though).

I think we should stay in balance with the ownership of real-world assets, we do not need to trust 100% with bitcoin and still have a safe limit for comfort in retirement, bitcoin should be considered an active asset because if we are not active when Bitcoin experiences a strong decline it will become a disaster. But if you can continue to analyze charts then it will be the best asset.

aintnopassincraze

full member

Activity: 233

Merit: 106

The Operating System for DAOs

Quote from: bahandhi0508 on August 06, 2017, 06:51:23 PM

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

Well by then if Bitcoin prices rests at something solid above 1 million you can be sure it will be enough to retire on given you had enough of it while you were younger. Now whether it will be spendable on a daily basis is another argument but regardless of that you will be able to take out a year's expenses by selling it on the market and given it to somebody else. This is what I hope occurs with Bitcoin long term if not I will sell when the ship looks like it is sinking (I don't think that will happen though).

rainezerr401

member

Activity: 294

Merit: 10

I consider bitcoin as a lifetime asset because we all know that the value is keep on increasing periodically. As of today the value is $12k dollar already and i am sure that in the future the value will still keep on increasing and those who keep on holding will earn more profit.

MMA

legendary

Activity: 1134

Merit: 1000

Quote from: GoodLuck2 on October 24, 2017, 09:38:16 AM

Quote from: mrcash02 on October 23, 2017, 11:45:38 AM

Quote from: Freedom24 on October 13, 2017, 01:59:06 PM

making Bitcoin as a very long-term asset is a risky thing and I think it's an unwise act because Bitcoin is unstable and also it won’t be in its glory forever because it’s not impossible for something better will replace its position in future. remember when some countries forbid the use of Bitcoin. it possible many countries will release their own digital currency. You’d better prepare your next investment plan before Bitcoin falls and vanish.

For this reason it's a good idea to split your money among some different investments, but don't forget to invest into Bitcoins too. I believe most people here will have to wait a long time yet to retire themselves and until this time comes many events can happen that will affect Bitcoin's price. Not only Bitcoin's price, but our societies, economies, etc... I believe the best to do is to build our own way without trusting our future on the country's pension, in some countries like mine it's already going bad, very unstable...

Yes this will help people after the retirement life because at that time there will be no such a source of income so this coin will help them and those who are adopting this coins strategy they will live a worry less life in future and this the best way to save money nowadays and then cash out it in the time of need and I will also use it as asset so that it will help me in my old age and this will be helpful for me in future.

although bitcoin is currently giving us very good profit, Some people who do not have day job and are jobless in real life, bitcoin is giving them a very good financial support, either they have some money to invest or those who do not have any investment, but still they can earn money by proving different services, but still we cannot depend on bitcoin for lifetime assets, because bitcoin price is unpredictable and no one know that what will happen to bitcoin price in future. Although bitcoin future is looking too much bright. Because the bitcoin users are increasing from time to time and they are making bitcoin as more stronger and reliable for investment.

Sophia29

member

Activity: 70

Merit: 10

Make a long term hold and a part that you can play whenever the pprice surge up suddenly and when it makes another disconfirm or confirm continuation trend, play with the market of bitcoin but set at least a long term backup.

deejayce48

full member

Activity: 185

Merit: 100

A sports token that knows your favorite team

I know for starters it is really hard for you to believe about the objective of Bitcoin. I mean if it will hold a good place in Economy or not. Come to think, We are in the middle of Digital era and automation/Computerization are now a requirements to most of the business to have a quality service or product. Just like money. Bitcoin's future is really great and investing on it now will change your future when you retire.

tobs

full member

Activity: 282

Merit: 100

Quote from: bahandhi0508 on August 06, 2017, 06:51:23 PM

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

I think you can't blindly rely on bitcoin to be your pension or great asset in the future. I mean, it's not a good idea to buy a bitcoin now, forget about it and access it after 40 years, because no one knows if there is still bitcoin in such future. Blockchain technology is relatively young and we already have many altcoins being created almost every day. Bitcoin is the first one, but it's not necessarily the best one. What I mean by that, is that in the future as the technology advances and develops, some other coin may become the new bitcoin and your bitcoins may become worthless after 40 years of waiting. So yeah, it's a good option to buy bitcoin now in the hope of great profits in the future, but it's important to keep up with the cryptocurrency market and other new technologies.

samanthabiolena

newbie

Activity: 16

Merit: 0

In my own opinion, making bitcoin as your digital asset is quite a good idea. Because we all know how convenient it is to use bitcoin. It is everywhere and you can almost use it in everything. Bitcoin is really a good investment for the future because it’s market price is continuing to be high and by means of that it will ne beneficial for you to own such bitcoin because your money would probably increase. You can get a hold of your bitcoin and you will never experience to lose such money from this good investment. It is really that powerful that everyone is eager to earn it and they are doing everything for them to keep it so they can use sell it for a higher price someday. I don’t know but I really think that bitcoin is such a good investment that’s why if I would given a chance, I will invest my money through it and let my money works for me.

Duogembrot

full member

Activity: 476

Merit: 100

Quote from: bahandhi0508 on August 06, 2017, 06:51:23 PM

Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.

bitcoin is a digital currency that has limited supply but has many enthusiasts and demand, this is the obvious reason for investment because the more the goods or the rarer bitcoin and harder bitcoin will be the more expensive.

dzhan

sr. member

Activity: 743

Merit: 250

Bitcoin is nowadays the most valuable crypto currency, and its having a powerful potential, so investing in BTC should be safest than many other altcoins. But to minimize the risks, we can invest in other stable altcoins as well.

Naruil

newbie

Activity: 16

Merit: 0

It is not that good no because why did you go to school to just put your life in bitcoin? i think it is better if people see bitcoin ore as a hobby and not as a full time job because why go to university get a certificate and sit home and earn bitcoins.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: paul00 on October 23, 2017, 03:03:54 PM

yes i have been in bitcoin for a year now and been enjoying its amazing benefits but since bitcoin doesn’t have the general guidelines, policies and terms yet, i don’t consider it as a liftime asset. Probably i will not have my wallet without a coin and some investments but there will come a time that i’ll still encash it and invest another.

It doesn't have a set of guidelines simply because its de-centralized, no central authority. If you are looking for guidelines then bitcoin is not for you, you can go back to the old traditional banks. We are on our banks in bitcoin. So we have the responsibilities to protect it all cost and not to someone. Of course during the course of your bitcoin holding, there will come a time that you need to cash it out. But I disagree with you investing it on another. However, personally, the only thing that I will invest my bitcoin holding is going to real property like house or apartment. I won't invest on other things. Not on stocks, or bonds. Maybe in a business perhaps, but its good to just hold and removed yourself from having stress if you put up a business.

GoodLuck2

sr. member

Activity: 630

Merit: 251

Quote from: mrcash02 on October 23, 2017, 11:45:38 AM

Quote from: Freedom24 on October 13, 2017, 01:59:06 PM

making Bitcoin as a very long-term asset is a risky thing and I think it's an unwise act because Bitcoin is unstable and also it won’t be in its glory forever because it’s not impossible for something better will replace its position in future. remember when some countries forbid the use of Bitcoin. it possible many countries will release their own digital currency. You’d better prepare your next investment plan before Bitcoin falls and vanish.

For this reason it's a good idea to split your money among some different investments, but don't forget to invest into Bitcoins too. I believe most people here will have to wait a long time yet to retire themselves and until this time comes many events can happen that will affect Bitcoin's price. Not only Bitcoin's price, but our societies, economies, etc... I believe the best to do is to build our own way without trusting our future on the country's pension, in some countries like mine it's already going bad, very unstable...

Yes this will help people after the retirement life because at that time there will be no such a source of income so this coin will help them and those who are adopting this coins strategy they will live a worry less life in future and this the best way to save money nowadays and then cash out it in the time of need and I will also use it as asset so that it will help me in my old age and this will be helpful for me in future.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: paul00 on October 23, 2017, 03:03:54 PM

yes i have been in bitcoin for a year now and been enjoying its amazing benefits but since bitcoin doesn’t have the general guidelines, policies and terms yet, i don’t consider it as a liftime asset. Probably i will not have my wallet without a coin and some investments but there will come a time that i’ll still encash it and invest another.

That's why bitcoin is decentralized because it doesn't need a third party to control them or either can hold them without the users consent. Also leaving your bitcoin on some exchanges is not recommendable since those exchanges are controlled by the government and in rare cases can lock your account down but this is another set of story. Probably you will cash out your money on any exchanges due to your daily needs or when there's an emergency. Think of it as your own business if you were doing it with bitcoin.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: fiulpro on October 23, 2017, 03:14:36 PM

Hey
I disagree with the fact of converting bitcoins into an asset because you can't be sure that the bitcoins won't get hacked in the future or banned for worse, an asset is supposed to be stable and foolproof and when it comes to the retirement time.. thats a preety long time no one knows if another currency would have taken over, thus invest in bitcoins no doubt but cash them out timely and hold some, don't make it to be the only asset that you are saving for retirement, but make it a part of it.
In that way you won't have to be worried about the possibility of loosing everything, always keep a backup plan and don't just focus on one thing.

This would really be a right step on where we should really be not too confident enough to believe on bitcoin.Im not saying that its not deserving but to think off that theres no assurance that this thing would really last forever on which it would really be possibly to make it as an asset and would really be still there on our retirement time.Having a back-up is always being suggested.In case bitcoin would fail then you would still have an another option and as you said we should not focus only on one but rather to have many options than on just single thing.

Topic: Wasn't that good to use bitcoin as your lifetime asset? (Read 4162 times)