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Topic: Wasn't that good to use bitcoin as your lifetime asset? - page 4. (Read 4164 times)

legendary
Activity: 2534
Merit: 1338
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.
Using money as a store of asset is something which I do not really agree to or accept to. That school of thought is a numb one because it is not from an investors point of view. My own view of an asset is something that puts money back into your wallet, not one that is stagnant.
Bitcoin can give to us many profits but we need to have something that is going to always have value no matter what, if you are thinking about your retirement and you have a lot of bitcoin, you could buy a house, once you have your own house and you are debt free covering your expenses becomes an extremely easy thing to do, so if you transform your bitcoin in hard assets, maybe you are not going to get the profits that you get with bitcoin but you get stability.
full member
Activity: 168
Merit: 100
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.
legendary
Activity: 2534
Merit: 1338
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.
full member
Activity: 266
Merit: 122
Bitcoin is good and very helpfull to those who are strugling financially but to consider this as a lifetime asset I don't think that's a good idea because we cannot tell the period of existence of bitcoin maybe now we enjoy the value appreciation but we cannot ensure that tomorrow we can still have the same value...it's very unpredictable
sr. member
Activity: 951
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.
Using money as a store of asset is something which I do not really agree to or accept to. That school of thought is a numb one because it is not from an investors point of view. My own view of an asset is something that puts money back into your wallet, not one that is stagnant.
i think these is a good idea making bitcoin as a lifetime asset is a good way  of making money same on savings.it is a good way to save and earn money if only it could currently exist for ever.
full member
Activity: 297
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.
Using money as a store of asset is something which I do not really agree to or accept to. That school of thought is a numb one because it is not from an investors point of view. My own view of an asset is something that puts money back into your wallet, not one that is stagnant.
copper member
Activity: 840
Merit: 114
for now, i am use bitcoin as my asset and investment and if i have a chance to save more bitcoin, then i save more bitcoin. but if from bitcoin, i can withdraw much of money, then i will use to buy offline investment like real estate, build a house for rent or else. but beside makes bitcoin as my asset, i will use the other coins as my asset too because i see altcoin have a good chance too like bitcoin but i don't know until how long the altcoin coins like eth and else will be stay.
Yeah right, if bitcoin is better used as an asset periodically I mean if you have had enough of bitcoin and you can sell it or attract a lot of money to buy something in the form of asset because if too much will cause risk the Act of theft. It would be nice if we keep assets in the form of a House (can be contracted out/lease) or land every year its price always rises and there is no death.
sr. member
Activity: 1428
Merit: 358
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 personally think that it is a really good investment for the future. I actually plan to keep my earnings for now. It will serve as an investment for me even though I am still studying so that when I reach the age of 25, I can already reap the profit due to the increase in bitcoin price. I surely hope that it will be huge by that time.
I think that bitcoin is not that stable and it is unpredictable to be used by someone as an asset for them for life. I mean it can be somehow a help for anyone for it to be their extra income because you could really earn a lot but we all know that it is unpredictable most of the times and it is not that well to be a support for living.
I do not agree, bitcoin may be very volatile in the short term but if you look the charts with all the history of bitcoin you will see the chart going up, so bitcoin is a great investment for the long term and anyone that is thinking about his future must get at least one bitcoin, if you do that I would not be surprised if you were able to get ten times your investment in the next decade.
Simple if you are holder Bitcoin and your target is $100,000 or even $ 1,000,000 for each.
The price of Bitcoin today really cheap if compare to your target.
That is reason you can buy Bitcoin and do not let some dumped on market make you care.
Yeah I agree to you. The reason why I hold my bitcoins is I want to have more profit. I waitng the time that the bitcoin will extremely pump to sell all of my bitcoins. I think the bitcoin will become $10,000 per each before the year will end.
newbie
Activity: 25
Merit: 0
Bitcoin is a very good investment form in the current era. but not yet predictable if bitcoin is a great asset for the rest of our lifetime. we will not know between the next 20 years about bitcoin. I do not think we should keep the bitcoin assets we have in a lifetime. we should do is we have to have a target within a period of every 5 years it has to invest our assets in other areas that have the nature of lilies, such as one of them is investing in gold proverti and many others.
5 years is enough for me to consider bitcoin as a great asset and like what you said its better to divert earnings from here to another form, maybe new things
will be introduce after 5 years but as of now I can call this as great one to be consider and to bring more gain in such time frame.

Yup, indeed bitcoin is an incredible asset for us all. Because we can get bigger profits from all that exists and also we do not have to bother to go out to get a job or income. But one thing we really have to do is to work hard, smart, and never give up is the formula of all the benefits. If we do not have it then it will be a little difficult to get peace. Only patience can give us the possibility of becoming bigger
sr. member
Activity: 322
Merit: 253
It is no longer a currency. People are treating bitcoin as an investment since last year I guess. Gold is stable but not much promising like bitcoins about enormous profits. Bitcoins are better than gold in many aspects and that’s the reason major gold investors have now become bitcoin investors.
I agree with you that Bitcoin is no longer a currency, people are treating Bitcoin as digital gold/investment not as currency.
Sure gold is stable but it's hard to liquidize gold, while it's super easy to liquidize Bitcoin. Even though gold will give you consistent profits, Bitcoin will give you uncertain big profit/loss (the riskier it's the more you'll get from it).
full member
Activity: 189
Merit: 100
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Bitcoin is a very good investment form in the current era. but not yet predictable if bitcoin is a great asset for the rest of our lifetime. we will not know between the next 20 years about bitcoin. I do not think we should keep the bitcoin assets we have in a lifetime. we should do is we have to have a target within a period of every 5 years it has to invest our assets in other areas that have the nature of lilies, such as one of them is investing in gold proverti and many others.

I believe that 5 years is really enough time for the asset to bring a good profit. Nothing can be forever and you need to keep a close watch on the changes in order to protect yourself against losses.
full member
Activity: 196
Merit: 100
It's pretty well idea. Many people consider this opportunity now, so i'm not surprised that you ask community about your idea.
Like someone said you only have to check charts from past few years to discover that so far it's a great investment.
The only disadvantages for you may be the storage of your coin/s. Because you will have to keep it in very safe place and remember the password. If you loose it you lost everything. Have it on attention.
full member
Activity: 197
Merit: 100
it's a good idea only if you don't intent to sell, as long as you have the money to invest, go for it

make sure not to overdo it though
sr. member
Activity: 496
Merit: 254
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.
The idea of you using bitcoin as a lifetime asset I would say is a crazy idea, for God’s sake this stuff just came up some years ago and some people are already planning to pump their life savings into it to give them profit. That’s insane
legendary
Activity: 2534
Merit: 1338
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 personally think that it is a really good investment for the future. I actually plan to keep my earnings for now. It will serve as an investment for me even though I am still studying so that when I reach the age of 25, I can already reap the profit due to the increase in bitcoin price. I surely hope that it will be huge by that time.
I think that bitcoin is not that stable and it is unpredictable to be used by someone as an asset for them for life. I mean it can be somehow a help for anyone for it to be their extra income because you could really earn a lot but we all know that it is unpredictable most of the times and it is not that well to be a support for living.
I do not agree, bitcoin may be very volatile in the short term but if you look the charts with all the history of bitcoin you will see the chart going up, so bitcoin is a great investment for the long term and anyone that is thinking about his future must get at least one bitcoin, if you do that I would not be surprised if you were able to get ten times your investment in the next decade.
Simple if you are holder Bitcoin and your target is $100,000 or even $ 1,000,000 for each.
The price of Bitcoin today really cheap if compare to your target.
That is reason you can buy Bitcoin and do not let some dumped on market make you care.
Those prices seem to be on the high side but I agree on the principle, some people were complaining that bitcoin was too expensive at 200, then complained at 600 then at 1000 and they keep complaining at the price of 4500, wake up people, bitcoin is not going to stop going up for a long time, the longer you complain the more difficult is going to become to get a single bitcoin, on the other hand those that kept buying no matter what have incredible profits.
full member
Activity: 608
Merit: 154
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.
It is a very good thing, but there is a possibility that it can just disappear from the web one day(though its not possible) but anything can happen to the market and you could lose your coins.
hero member
Activity: 2408
Merit: 564
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.

No one knows on how long bitcoin can stand in the market but as long there is a big market cap it can go further. I know this thing and my bitcoin's are serving as my life time digital asset. It's like a gold as many are saying and I treat it that way. More precious than gold because it's price is on a continuous movement and I don't care if it goes down because it will go up without a doubt.
full member
Activity: 216
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.

IMO, bitcoin must be treat as investation rather than currency so if you really want to invest something really good and stable, gold will be a great choice.
When you decide to invest bitcoin, you're risking your wealth on it but based on bitcoin graph , it seems promosing as future investment
It is no longer a currency. People are treating bitcoin as an investment since last year I guess. Gold is stable but not much promising like bitcoins about enormous profits. Bitcoins are better than gold in many aspects and that’s the reason major gold investors have now become bitcoin investors.
legendary
Activity: 1862
Merit: 1015
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.

IMO, bitcoin must be treat as investation rather than currency so if you really want to invest something really good and stable, gold will be a great choice.
When you decide to invest bitcoin, you're risking your wealth on it but based on bitcoin graph , it seems promosing as future investment
sr. member
Activity: 896
Merit: 253
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.
Yes I agree to you that bitcoin is a good lifetime asset because the money that you are invest in bitcoin are continuing to grow in the future. The more people that holds it can help the bitcoin to become more valuable and profitable for everyone. It is good to hold bitcoin and enjoy the profit from it in the future.
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