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Topic: Wasn't that good to use bitcoin as your lifetime asset? - page 3. (Read 4244 times)

newbie
Activity: 24
Merit: 0
Bitcoin and other cryptocurrencies that have emerged have several advantages. Firstly they are digital. There is no cash to handle. You do not need vaults, armored cars or any of the other infrastructure that makes handling cash expensive.
Secondly, some cryptocurrencies have features like smart contracts built in, which can be used by people to conduct transactions securely with each other without the need for intermediaries institutional or otherwise.
hero member
Activity: 952
Merit: 500
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
full member
Activity: 266
Merit: 100
Platform for Investing in Cryptocurrency and ICOs
ofcourse it is, anything with value is a very good instrument as an asset for lifetime. Bitcoins are like money that can be used in the future.
legendary
Activity: 2716
Merit: 1383
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 good lifetime asset because its getting popular and its value is increasing though there are dips from time to time but after the dip, it will rise again higher than the previous highs. It may be an attractive way to invest on it for retirement but do not just depend on it because we never know what the future will be for bitcoin. Maybe another cryptocurrency would dominate its world or another technology that would be develop that will entice more investors to invest on it.

It would be better to have an alternative income aside from bitcoin like when you are still young, you will start investing on insurance or other investment vehicle that you could rely on in time when you are not able to work anymore. You can also have a business that will be manage by you or some of your trusted people as a source of income also.
You do not have to invest everything in bitcoin if you do not want it, however the temptation to do that is great since there are very few other investments that can give the profits that bitcoin can, just in this year bitcoin went up more than 300%, where can you get those profits? In a bank and their ridiculous 1% or 2% per year? It will take a lifetime to get the same results.
In my country, the profits from save money in bank below 1%, so if I can earn a profits as 50%, I can save my time is 50 years through trade Bitcoin instead of save my money in bank and wait 50 years to have that profits, lol Roll Eyes.
Technically it will be sooner because of the formula of compounding interest, assuming that you reinvest the interests you got from the banks but you are correct overall, banks cannot give to us anything close to what we are earning with bitcoin ,this is why many people are realizing how silly is to have their money in banks and are choosing to invest in bitcoin instead.
sr. member
Activity: 490
Merit: 262
privacy preserving smart contracts and beyond
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.
Yes. Bitcoin is good as a lifetime asset, as you can see, it is very expensive. Its rate is in rising state in the long run, even sometimes it goes down, but only for a short time. If you buy btc in your 20s, maybe in 60s it will be multiplied to a great amount based on the pattern of price from the very start. But of course, you shouldn't depend your entire asset in that. It is better to have some assurance in hand because even though we can see a bright future with btc, occurrence of certain event, good or bad is unavoidable.
full member
Activity: 448
Merit: 100
Lets Go Adab
As time goes on we will be able to use Bitcoin to buy more and more things, as money is taken out of fiat and put into Bitcoin and cryptos.

This kind of plans will be only available if it will be provided by government because obviously virtual money will really affect the entire country since they have different currency. Bitcoins is not yet introduced to every country but i also think that it will be used by everyone in the future.
sr. member
Activity: 518
Merit: 250
Presale is live!
As time goes on we will be able to use Bitcoin to buy more and more things, as money is taken out of fiat and put into Bitcoin and cryptos.
sr. member
Activity: 518
Merit: 250
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 good lifetime asset because its getting popular and its value is increasing though there are dips from time to time but after the dip, it will rise again higher than the previous highs. It may be an attractive way to invest on it for retirement but do not just depend on it because we never know what the future will be for bitcoin. Maybe another cryptocurrency would dominate its world or another technology that would be develop that will entice more investors to invest on it.

It would be better to have an alternative income aside from bitcoin like when you are still young, you will start investing on insurance or other investment vehicle that you could rely on in time when you are not able to work anymore. You can also have a business that will be manage by you or some of your trusted people as a source of income also.
You do not have to invest everything in bitcoin if you do not want it, however the temptation to do that is great since there are very few other investments that can give the profits that bitcoin can, just in this year bitcoin went up more than 300%, where can you get those profits? In a bank and their ridiculous 1% or 2% per year? It will take a lifetime to get the same results.
In my country, the profits from save money in bank below 1%, so if I can earn a profits as 50%, I can save my time is 50 years through trade Bitcoin instead of save my money in bank and wait 50 years to have that profits, lol Roll Eyes.
legendary
Activity: 3346
Merit: 1191
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 good lifetime asset because its getting popular and its value is increasing though there are dips from time to time but after the dip, it will rise again higher than the previous highs. It may be an attractive way to invest on it for retirement but do not just depend on it because we never know what the future will be for bitcoin. Maybe another cryptocurrency would dominate its world or another technology that would be develop that will entice more investors to invest on it.

It would be better to have an alternative income aside from bitcoin like when you are still young, you will start investing on insurance or other investment vehicle that you could rely on in time when you are not able to work anymore. You can also have a business that will be manage by you or some of your trusted people as a source of income also.
You do not have to invest everything in bitcoin if you do not want it, however the temptation to do that is great since there are very few other investments that can give the profits that bitcoin can, just in this year bitcoin went up more than 300%, where can you get those profits? In a bank and their ridiculous 1% or 2% per year? It will take a lifetime to get the same results.

Bitcoin is the best investment in past 7-8 years, who invested in bitcoin made a lot of profit by now and we all know that bitcoin can cost much more. Idea about investing in bitcoins and keep them for pension is not new, I remember how some people started to do that two years ago. I'm glad that this is still popular, buying bitcoins now at this price and keep them for 10 15 years can be very profitable investment, 10 bitcoins now is around 40000 dollars, in 15 years that 10 bitcoins can worth 1 million or more, who knows!? There are risks, like with everything else but prize in the end worth the risk,  and addition to that is that you can sell bitcoins in any moment, you are not tied like you can be with money in the bank.
legendary
Activity: 2716
Merit: 1383
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 good lifetime asset because its getting popular and its value is increasing though there are dips from time to time but after the dip, it will rise again higher than the previous highs. It may be an attractive way to invest on it for retirement but do not just depend on it because we never know what the future will be for bitcoin. Maybe another cryptocurrency would dominate its world or another technology that would be develop that will entice more investors to invest on it.

It would be better to have an alternative income aside from bitcoin like when you are still young, you will start investing on insurance or other investment vehicle that you could rely on in time when you are not able to work anymore. You can also have a business that will be manage by you or some of your trusted people as a source of income also.
You do not have to invest everything in bitcoin if you do not want it, however the temptation to do that is great since there are very few other investments that can give the profits that bitcoin can, just in this year bitcoin went up more than 300%, where can you get those profits? In a bank and their ridiculous 1% or 2% per year? It will take a lifetime to get the same results.
sr. member
Activity: 585
Merit: 250
PredX - AI-Powered Prediction Market
Bitcoin is the hope and asset for the future of us all, I'm sure bitcoin can last up to 30 years again because many advantages obtained bitcoin. other than that bitcoin users are increasing from different countries.
full member
Activity: 238
Merit: 100
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.
We are not so sure if it will last ulor you may say that it will be your digital in the future . So its better for you to invest not only in bitcoins if you want assure your future life like a pension you need to have some passive income business .Spread your money do not stay in bitcoins only the market is so volatile .


I agree, but well its not bad if you see bitcoin as a lifetime asset but just be open to possible fact that we dont know how long does the bitcoin will exist or are how long can we live dependently in bitcoin. I think it would be better of you extent the area where in yiu can be profitable, make business funded by the profit tou have gained here, invest as soon as possible of you can assure that you can really be profitable out of it, cause bitcoin is not legalized worldwide I think when time comes there would be huge changes here and expect that people will chase bitcoin that will make us impossible to join several bounties and offers might be limited.
full member
Activity: 784
Merit: 123
for now bitcoin is a valuable asset and has a very high value, with bitcoin we have an income that I think is helpful for economic change to a better phase.
I think as long as there are still many users who make transactions with bitcoin, of course bitcoin will survive and remain a valuable asset.
Hopefully it would come such a time that bitcoin would be accepted my most establishment and it could increase the numbers of bitcoin users. Because when the numbers of users increase it will increase also the price, and that's all we wanted.
Making this for a lifetime assets would be great, and you will appreciate it in the future.
legendary
Activity: 2716
Merit: 1383
bitcoin is great for you as a lifetime asset. if you invest bitcoin on this day, and you save it for your assets. probably in old age, you will earn from your bitcoin. you do not need to work in old age. because you can already enjoy the bitcoin results that you save at a young age. it is a good idea for you so you do not have to work in your old age. maybe bitcoin prices will be very high and your money doubled. you will smile in old age to see bitcoin provides an unexpected income.
Bitcoin is great but I will not call it a lifetime asset, we do not know if bitcoin is going to have a value in the next 20 years, it is likely that it will and that the price for each bitcoin is going to be very high but a lot of things could go wrong during that time so the best thing is to hold bitcoin but be always ready to get out of it in the case you have to.

At first I thought it is easy to earn bitcoins. But when I start joining the forum I've realize it needs some hardwork. And also I thought that if we start earning that would be continous but, I was wrong. So now I realize we need some hardworks and timing for applying and need some knowledge. So for me if we are talking about lifetime assets for me its not. If bitcoin is there use it. Cause maybe it lose its price just like now I've that the price was continously at low. Just make some move that you are not only focusing on this but its your sideline. But if you think this was help you a lot use it if you focus on this just do it while bitcoin is there. Cause we dont know how long it will last.
Bitcoin is very valuable and there is a very limited quantity of it, this makes bitcoin very difficult to get since people do not want to use it in case it goes up in price once again, this makes bitcoin even more limited since people are no longer using bitcoin as a currency but as a store of value and investment, but even with all of that, earning bitcoin is still possible and we must take the opportunity to get it while its price is still this cheap. 
legendary
Activity: 2383
Merit: 1551
dogs are cute.
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 can be a digital asset, we cannot tell exactly what will happen but there is this huge possibility of bitcoin being an asset in the future. Ah, how great things would be when you retire, your company will give pension or gratuity and at the same time you have bitcoin in your wallet and you can cash it out or you can pass it out to your children for their future.
full member
Activity: 519
Merit: 101
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 bitcoin is a very good asset as we grow old in the near future. An asset that has a possibility to grow more and more its price. If you save so many bitcoin starting today and just plan that it will your pension in the future I think life will never be difficult for you. It is quite hard to earn money when you are already old, you're not flexible as you where young, not so fast to think about things, and not so good in making decisions for your life. If you were just relaxing when you get old or even now, much better. So start investing, earning and saving bitcoin today.
hero member
Activity: 1372
Merit: 503
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 some perople are already practicing this method as they have used bitcointo invest, to earn and also to put it into for future use. The main reasoning is the hopes that we might have a greater price in bitcoin once all have been improved upon and that bitcoin become stable
sr. member
Activity: 1358
Merit: 259
PredX - AI-Powered Prediction Market
bitcoin is a very valuable investment asset, bitcoin investment is very promising, why I call promising? Remember we are living in modern technology evolving everywhere. fore increasingly advanced technology all require technology to work. and bitcoin will play a major role as a means of payment worldwide. auto bitcoin grades the better the year.
sr. member
Activity: 644
Merit: 261
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 good lifetime asset because its getting popular and its value is increasing though there are dips from time to time but after the dip, it will rise again higher than the previous highs. It may be an attractive way to invest on it for retirement but do not just depend on it because we never know what the future will be for bitcoin. Maybe another cryptocurrency would dominate its world or another technology that would be develop that will entice more investors to invest on it.

It would be better to have an alternative income aside from bitcoin like when you are still young, you will start investing on insurance or other investment vehicle that you could rely on in time when you are not able to work anymore. You can also have a business that will be manage by you or some of your trusted people as a source of income also.
full member
Activity: 424
Merit: 108
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.

If you are planning to make bitcoin a digital asset, it is good because every year it's price and value are making a huge pump. If you will be looking at the price chart of 2016 and you compare it to the price of these year, you can see a huge price increase.

I think it will depend on your age now and how much are your bitcoins that you are planning to hold? I think if you will be holding 100 bitcoins and set it still for 20 years, I think that is worth it.
I dont think bitcoin will survive. No one can predict that. Actually we should not prefer to it as our primary source of income. What if bitcoin will die. What hapoened to you. You should prefer bitcoin as sideline only. Its just my opinion. Because i do joining in a signature campaign and that is not really sure sometimes because. Some of the campaign is failing.
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