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.
Topic: Wasn't that good to use bitcoin as your lifetime asset? - page 2. (Read 4219 times)
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.
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...
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.
so I think if for long-term investment and for the old days you should buy bitcoin in the market available in your country, because it is guaranteed security and trust can be melted and can be visited directly to the location. and you will enjoy your investment return in the old days later.
although i patronized bitcoins as of the moment but i cannot totally say that is safe to make it a lifetime asset since bitcoin is unstable. for now the bitcoins price was kept on rising but no one can assure that it will stay that way for a long run.
Maybe or maybe not.
It's still a long way to consider Bitcoin would reach that stage, who knows within 10 years Bitcoin would moon or doom. I would suggest anyone to enjoy the ride of BTC along it's unique life cycle, at least few years before Bitcoin's fate is more certain. Investing and most importantly USE IT to earn more value. I won't treat BTC like digital gold or pension fund anyway as it's all about perception of value by most of the people.
It's still a long way to consider Bitcoin would reach that stage, who knows within 10 years Bitcoin would moon or doom. I would suggest anyone to enjoy the ride of BTC along it's unique life cycle, at least few years before Bitcoin's fate is more certain. Investing and most importantly USE IT to earn more value. I won't treat BTC like digital gold or pension fund anyway as it's all about perception of value by most of the people.
although i patronized bitcoins as of the moment but i cannot totally say that is safe to make it a lifetime asset since bitcoin is unstable. for now the bitcoins price was kept on rising but no one can assure that it will stay that way for a long run.
there will be time for dump and pumps depending on situations, like when China bans it ,it dumps too low, when corrections will occur it increases. But for sure btc is good for long term investment,it wil recover in every dumps.
although i patronized bitcoins as of the moment but i cannot totally say that is safe to make it a lifetime asset since bitcoin is unstable. for now the bitcoins price was kept on rising but no one can assure that it will stay that way for a long run.
there will be time for dump and pumps depending on situations, like when China bans it ,it dumps too low, when corrections will occur it increases. But for sure btc is good for long term investment,it wil recover in every dumps.
although i patronized bitcoins as of the moment but i cannot totally say that is safe to make it a lifetime asset since bitcoin is unstable. for now the bitcoins price was kept on rising but no one can assure that it will stay that way for a long run.
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.
This depends on your age, if you are almost in old age of then maybe this is a good investment for you when you retired because you won’t have to wait long but if you are young and want to make Bitcoin as a long-term investment until you retire then you have to re-think whether the glory of Bitcoin will be last long.
I agree to the old goal we can invest in real goods. bitcoin is also a long-term investment but is not suitable for old-age investments because bitcoin may come back as long as there is no interest anymore
If different countries of the world make it clear that they do accept btc then it can be added in portfolio of every individual just like those who deal in stocks , same will go for btc . Currently only risk takes are buying because many countries do not have clear stand. Once it gets a nod the adoption rate would rise significant.
Bitcoin price shows a very drastic fluctuation or in other words it’s still very volatile and will continue to change at any time. I don’t think Bitcoin is the right choice for a very long term investment because it won’t benefit you and high possibility you will experience great loss from the investment because the bitcoin price has reached $ 4800 per 1 bitcoin , and it’ll be very difficult to get a large margin of profits if you’re just starting in investing, unless you already have bitcoin first. So if you want to invest, please set aside some 'wasteable' money so your financial won’t be troubled.
Bitcoin is a very risky asset for long-term investment. Nobody knows what will be of bitcoin in a year and whether it will exist at all. Now a very good situation to be like this always. I think the rejection of the basic work in favour of bitcoin is a very bad idea. You may be left without means of livelihood when you're old and can't work.
Bitcoin is a very good investment for the future as its price seems keep increasing and there is still a lot of potential will develop or growing and affect the value of Bitcoin to become stronger, but there are many things still doubtful in this industry so you can investing but don’t put everything in this industry but divide it into other investments.
Bitcoin is a very good asset that will provide us with an independent financial future. If we have a lot of coins, then we may not need a pension and it can be sent to charity.
It's looking like it. It's just getting more valuable over time, and it seems the world is starting to warm up to it. It still would not be smart to put everything you own into Bitcoins though. It's decentralized, so if something happens to make the value plummet, you would have zero insurance and no safety net.
I believe anybody wich invest at bitcoin nowadays will be able to retire in the next 5-15 years from now, bitcoin price wont stop grow over time, and the next years we will have some halvings wich will make price to double if not more, besides those the legalization worldwide may happen making the demand to raise a lot. People wich had invested at bitcoin after 2015 were able to make decent profits on the last years, something they wouldnt be able to get if havent invested into bitcoin, fiat returns are very slow and far away from crypto results.
It is really good to use Bitcoin as lifetime asset but totally depending on it is not good as no one can tell about the future of anything so it is better to split the investment and invest it. So that in future if bitcoin is dead then you wont get affected, i know that this wont happen but you should be always safe from all side for your future. This is what i am doing in my life.
I think it's a good idea to make bitcoin as an investment in old age, because my bitcoin price is more than $ 4500 and that's a good choice.
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