Topic: Wasn't that good to use bitcoin as your lifetime asset? - page 6. (Read 4244 times)
For me if Bitcoin will have a good future then it will be better than any kind of pension because the growth of it is unbelievable and if this continued I will assume that anyone who invested even at this price range will have a good life, as long as they us the money they earned to build a bisiness or another kind of investment. Because investing on Bitcoin alone is not a clever idea for you to make.
bitcoin is not a good to be lifetime asset because it's not stable because of its volatility and btc was famous because of that. and also bitcoin wouldn't be there forever because there will be always better than it. remember that some country banning bitcoin. also don't be dependent on your bitcoin because anytime it could disappear much better if you put your investment on something worth it like property or gold.
Well, yes and no. Bitcoin is volatile but if you watch the market closely you will know when is time to sale and convert it to fiat and save it that way. You have to act proactive and dynamic. But I think the same thing is with every kind of investment because everything changes with time. At the moment in short period of time with Bitcoin you can create the amount of lifetime asset that it's not possible with every other investment.
bitcoin is not a good to be lifetime asset because it's not stable because of its volatility and btc was famous because of that. and also bitcoin wouldn't be there forever because there will be always better than it. remember that some country banning bitcoin. also don't be dependent on your bitcoin because anytime it could disappear much better if you put your investment on something worth it like property or gold.
Bitcoin is a wonderful saving for your future. I plan to save as many coins as possible so that in my old age I do not have to worry about my financial situation and be able to provide for my children.
nice elaboration mates I really appreciate your thoughts, after several has failed in it as like hard for bitcoin users but you believe that bitcoin is reliable and a very valuable investment ,bitcoin is the best digital currency that will continue to grow more and more an when you will be retire in the future then you will be able to use bitcoin as a source of income so bitcoin is the best currency today and will be best forever.
Bitcoin is a good asset obviously and it still in the beginning of development.
Normally, bitcoin should gain more value over time as it is valuable currency and has limited supply.
Bitcoin has growing from nothing to over $4000 right now, so it's already proven as good investment for the future.
The problem is, we don't know what exactly will happen in the future, whether bitcoin would survive and reach $100K or crash and doesn't has value again. But, I believe in bitcoin, so I prefer to saving bitcoin as much as I can for my future, and divide my investment into several assets such as gold, buy lands and make some business.
Normally, bitcoin should gain more value over time as it is valuable currency and has limited supply.
Bitcoin has growing from nothing to over $4000 right now, so it's already proven as good investment for the future.
The problem is, we don't know what exactly will happen in the future, whether bitcoin would survive and reach $100K or crash and doesn't has value again. But, I believe in bitcoin, so I prefer to saving bitcoin as much as I can for my future, and divide my investment into several assets such as gold, buy lands and make some business.
For me, it is good to consider bitcoin as an asset but i don't know if it it is good to consider bitcoin as an asset for a lifetime. Bitcoin's price is unstable that you need to monitor in order for you to get a profit. We doesn't know also what will be bitcoin after 10years. Unlike when you have a stable job and when you reach your retirement age there is a certain and particular amount that the company needs to pay you. In bitcoin, you can only get profit and need to work hard before you can earn that.
That is right that we should not make bitcoin as a long time asset because the price of bitcoin is not stable so there is a chance to lose our money if we will just let bitcoin stay in our wallet for a long time and treat it as an investment for long time because how can bitcoin give us consistent profit if its price is not stable and more likely to go up and down.
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.
Making retirement plans with bitcoin is very cool idea but seems to far fetched. There may be different scenario than the current one so we must take care before investing or relying on bitcoin in terms of future. Bitcoin is doing just great today with price of 4.2K USD and we are feeling rich already with it. But making it part of your retirement plan is like very hard to digest as we don't know what would be price of bitcoin in the future or does it will exist at that time or not. What if government changes the rules and ban crypto currencies completely. That would be real chaos and hence investment must be made very neatly.
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 use bitcoin as an additional account to save for your retirement, however like with anything you need to observe the market, you cannot rely on someone else advice when it comes to this things, you need to look at bitcoin, understand it and come to your own conclusions, but when I see some tech giants saying that bitcoin is here to stay I cannot think otherwise. 
,why not? maybe its not only me thinking that bitcoin can be a good investment for a long term purpose. for me i am making bitcoin as an investment for long term, because i don't know what may even happen for the next years and i see such a great potential in bitcoin which also convince me to put some amount as my savings and leave it for a moment, who knows maybe someday it would be helpful asset.
Bitcoin is already a helpful asset for most of the investors because it already gave them profits to enjoy by just believing in bitcoin and investing for long term also, if you are just starting in bitcoin then do not be afraid to put some money in it because if you are really into long term then i can say that you are in a safe investment vehicle.To me it's a part of my assets that I hold till I can retire. It's not the biggest area of my investments, and I do not think it will ever be.
I think its important to diversify. There are investments that have proven to keep their value over a long time.
And there are others who promise a big profit. Bitcoin is one of those to me. But if it actually can keep that promise over a long time, nobody knows.
That's why my engagement with bitcoin is solid, but not exaggerated
I will advise you to really look at bitcoin as a future investment assets and money. You should know that bitcoin is a digital assets and holding it now will make you a million in future. Hold as security for you future is also very good thing to do because in future bitcoin and others cryptocurrency will become the only financial assets that will have significant values.
Nobody knows what will happen to the bitcoin through such a long time. I think that it is very risky to invest in bitcoin for retirement. It is much better to spend bitcoin right now and live well. This will allow you to live longer and have hope in the fact that you do need a pension.
Instead of spending bitcoin now, I would suggest that hold on to bitcoin for some months. This will allow you to know more clear picture as currently few developing countries are in process of legalizing the bitcoin and if it happens the demand and mass adoption rate will go high and thus price will rise to great extent. Thus holding the coin now will yield you a huge profit in some months from now itself.
Nobody knows what will happen to the bitcoin through such a long time. I think that it is very risky to invest in bitcoin for retirement. It is much better to spend bitcoin right now and live well. This will allow you to live longer and have hope in the fact that you do need a pension.
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's a big no sir. We should not be dependent on what can bitcoin provide but rather find a stable job. This stable job will serves as your primary means of income and bitcoin will be an additional. But since you are talking about retirement, I can say that if I were you, I will be more concern on my family because our child has already have a work at that time. For me, it is good to consider bitcoin as an asset but i don't know if it it is good to consider bitcoin as an asset for a lifetime. Bitcoin's price is unstable that you need to monitor in order for you to get a profit. We doesn't know also what will be bitcoin after 10years. Unlike when you have a stable job and when you reach your retirement age there is a certain and particular amount that the company needs to pay you. In bitcoin, you can only get profit and need to work hard before you can earn that.
That is right that we should not make bitcoin as a long time asset because the price of bitcoin is not stable so there is a chance to lose our money if we will just let bitcoin stay in our wallet for a long time and treat it as an investment for long time because how can bitcoin give us consistent profit if its price is not stable and more likely to go up and down. 
For me, it is good to consider bitcoin as an asset but i don't know if it it is good to consider bitcoin as an asset for a lifetime. Bitcoin's price is unstable that you need to monitor in order for you to get a profit. We doesn't know also what will be bitcoin after 10years. Unlike when you have a stable job and when you reach your retirement age there is a certain and particular amount that the company needs to pay you. In bitcoin, you can only get profit and need to work hard before you can earn that.
Everyone has right to respond to bitcoin and in my opinion bitcoin can be said to be valuable asset, therefore we should be able to use business opportunities from bitcoin, any business opportunity created from bitcoin can be used as source of income, and in bitcoin there is no pension Everyone has freedom to do bitcoin activity well regardless of age or other rules.
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 still consider myself as new to bitcoin despite of I have this rank. About your question, I think YES bitcoin is a good asset but I can't consider it as a pension since when we say pension we receive it after we retired but if we retire on bitcoin there will be no pension. You/ we still need to work for it. But Bitcoin is much easier than the common jobs out there so even we age, it is not very difficult for us to do bitcoin. We are not required to do hard things. If you're just joining campaign even you age your english skill is tested and your mind always work because you always think to answer forums.
Nope. For few reasons.
1. Nobody can tell you what will happens with BTC and other cryptos in 20-30 years. Just look 20-30 years back and the technology now.
2. When quantum computers become publicly available, 100 qbit quantum will be able to crack any private key with a blink. The protocol and security measures will need to be changed in advance.
I don’t support the idea of using Bitcoin as a lifetime asset. There are much better things to do than that. You shouldn’t even risk your pension like that. First is that if you have all your money invested into Bitcoin, there is no way you can live life, because you need real money to do whatever you have to do, bitcoin is not accepted for some regular things you will need. 1. Nobody can tell you what will happens with BTC and other cryptos in 20-30 years. Just look 20-30 years back and the technology now.
2. When quantum computers become publicly available, 100 qbit quantum will be able to crack any private key with a blink. The protocol and security measures will need to be changed in advance.
,why not? maybe its not only me thinking that bitcoin can be a good investment for a long term purpose. for me i am making bitcoin as an investment for long term, because i don't know what may even happen for the next years and i see such a great potential in bitcoin which also convince me to put some amount as my savings and leave it for a moment, who knows maybe someday it would be helpful asset.
Bitcoin is already a helpful asset for most of the investors because it already gave them profits to enjoy by just believing in bitcoin and investing for long term also, if you are just starting in bitcoin then do not be afraid to put some money in it because if you are really into long term then i can say that you are in a safe investment vehicle.To me it's a part of my assets that I hold till I can retire. It's not the biggest area of my investments, and I do not think it will ever be.
I think its important to diversify. There are investments that have proven to keep their value over a long time.
And there are others who promise a big profit. Bitcoin is one of those to me. But if it actually can keep that promise over a long time, nobody knows.
That's why my engagement with bitcoin is solid, but not exaggerated
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 digital asset for the future just as you said but my advice to you is to divide your savings into two you can invest 50% in bitcoin and 50% in physical assets this will enable you to have two options of investments, bitcoin is getting more attention and more countries are adopting it daily with makes it to be a perfect future investment. Jump to: