Would You Consider Adding Bitcoin to Your Retirement Savings

dothebeats

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Quote from: EFS on August 17, 2023, 06:58:18 PM

Quote from: Davidvictorson on February 27, 2023, 10:28:49 AM

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

I don't know about the traditional 401(K) or IRA but Bitcoin is naturally big part of my retirement saving. I guess the perception changes based on the location.
I'm surprised by some of the answers here. This is 2023, Bitcoin already prove itself. Anybody who didn't put Bitcoin to their savings plan already lost big opportunity but it's not too late. Open a cold wallet and start saving today. Whether it's $10 or 1k worth of BTC, it will add up in the long run.

I agree. I mean just by being here we can already state and claim that Bitcoin has already proved itself to a lot of people. I mean we are already technically a community that invests in Bitcoin and that is for a reason. Hence, it should already be a given that Bitcoin will be included in our retirement plans for saving up, along with other investments. Essentially, having BTC for retirement savings does not necessarily mean that is the only source of income you will depend on once you retired, instead it will be one of many.

EFS

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Quote from: Davidvictorson on February 27, 2023, 10:28:49 AM

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

I don't know about the traditional 401(K) or IRA but Bitcoin is naturally big part of my retirement saving. I guess the perception changes based on the location.
I'm surprised by some of the answers here. This is 2023, Bitcoin already prove itself. Anybody who didn't put Bitcoin to their savings plan already lost big opportunity but it's not too late. Open a cold wallet and start saving today. Whether it's $10 or 1k worth of BTC, it will add up in the long run.

Mahanton

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Quote from: radjie on August 17, 2023, 01:18:34 PM

Quote from: Twentyonepaylots on August 17, 2023, 11:36:22 AM

Quote from: edy_58 on August 16, 2023, 09:55:29 PM

Choosing several types of investments is a good thing for those who make investments, of course it will be very profitable, if we only use all assets in one type of investment, this will be harmful to our assets, of course, this is not really what every investor wants. I think that in making an investment we need to leave our savings for unexpected needs, it is not good to invest all of our money so that we don't have money for unexpected needs.

In my opinion, treating Bitcoin to retirement savings is quite risky because the price of Bitcoin is volatile, and it is not uncommon for its value to fluctuate wildly over short periods. Additionally, because Bitcoin is relatively new and different from traditional investment, its long-term performance is still somewhat uncertain.

Instead, as a retirement investment, I consider investing in it long-term with continuous portfolio monitoring. We all know it can offer a hedge against inflation. Traditional currencies deflate value while bitcoin's value may increase over time, and also, it is a highly liquid investment. Unlike other retirement accounts that may require waiting until a certain age to access your funds, bitcoin can be bought and sold quickly and easily.

But still overall, bitcoin can be a viable retirement plan option for those willing to take on some risk.

We can all see the growth in the value of Bitcoin from time to time, one of the reasons for some people that Bitcoin is very suitable to be used as a future investment asset, of course, in terms of its value growth. Even though Bitcoin's value fluctuates, it is in great demand for those who like very risky investments because with great risk, it is believed that some people can provide large profits.
Therefore, Bitcoin is a retirement plan option for those who believe that in the future it will become more valuable and more popular

All depends on how someone would really be able to handle out such risks factor because not all would be that having the tolerance in speaking about on risk on which there would be those people who would really be loving on sticking into those traditional investment or whatsoever retirement plans that we are known or really that familiar on. So this is why i would say that this would really vary on a certain individual whether they would really be knowledgeable about Bitcoins potential and risks or would be simply skipping out just because you dont like it to be included on your portfolio but practically saying that it would be really be that good or ideal on including it but of course just dont expect that everything would really be assured on the future on which you would really be thinking up mainly about sure profits because we cant really be able to tell on what would be the market condition in the future on which whether we are gaining or we are still on negative. So its a personal choice whether you would really be going for it or would be skipping out.

radjie

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Quote from: Twentyonepaylots on August 17, 2023, 11:36:22 AM

Quote from: edy_58 on August 16, 2023, 09:55:29 PM

Choosing several types of investments is a good thing for those who make investments, of course it will be very profitable, if we only use all assets in one type of investment, this will be harmful to our assets, of course, this is not really what every investor wants. I think that in making an investment we need to leave our savings for unexpected needs, it is not good to invest all of our money so that we don't have money for unexpected needs.

In my opinion, treating Bitcoin to retirement savings is quite risky because the price of Bitcoin is volatile, and it is not uncommon for its value to fluctuate wildly over short periods. Additionally, because Bitcoin is relatively new and different from traditional investment, its long-term performance is still somewhat uncertain.

Instead, as a retirement investment, I consider investing in it long-term with continuous portfolio monitoring. We all know it can offer a hedge against inflation. Traditional currencies deflate value while bitcoin's value may increase over time, and also, it is a highly liquid investment. Unlike other retirement accounts that may require waiting until a certain age to access your funds, bitcoin can be bought and sold quickly and easily.

But still overall, bitcoin can be a viable retirement plan option for those willing to take on some risk.

We can all see the growth in the value of Bitcoin from time to time, one of the reasons for some people that Bitcoin is very suitable to be used as a future investment asset, of course, in terms of its value growth. Even though Bitcoin's value fluctuates, it is in great demand for those who like very risky investments because with great risk, it is believed that some people can provide large profits.
Therefore, Bitcoin is a retirement plan option for those who believe that in the future it will become more valuable and more popular

blockman

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Quote from: CryptoBuds on August 16, 2023, 11:25:08 PM

Bitcoin is a really promising investment, I will also add it to my retirement assets and I agree with you guys, we need to diversify, not just focus on bitcoin, that's too risky.

Most investors that have been saving for their retirement have a lot of diversified assets. It's a wise move that you don't only have Bitcoin as your retirement fund but also it's going to come from various sources. While young, don't take it for granted that you're earning very well and that's why save for the rainy days. You don't know when it will come but just think of it as it's like every day. When you've got that mindset, you'll be forced to save for your retirement and it shouldn't just be savings but it should come from an asset that will generate you the money as you grow old. Passive income as they say and then from there, you'll have to allocate your money to something better. Like now, we're having Bitcoin and soon, we will allocate the profit we get there to another one or direct to your retirement fund.

Twentyonepaylots

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Quote from: edy_58 on August 16, 2023, 09:55:29 PM

Choosing several types of investments is a good thing for those who make investments, of course it will be very profitable, if we only use all assets in one type of investment, this will be harmful to our assets, of course, this is not really what every investor wants. I think that in making an investment we need to leave our savings for unexpected needs, it is not good to invest all of our money so that we don't have money for unexpected needs.

In my opinion, treating Bitcoin to retirement savings is quite risky because the price of Bitcoin is volatile, and it is not uncommon for its value to fluctuate wildly over short periods. Additionally, because Bitcoin is relatively new and different from traditional investment, its long-term performance is still somewhat uncertain.

Instead, as a retirement investment, I consider investing in it long-term with continuous portfolio monitoring. We all know it can offer a hedge against inflation. Traditional currencies deflate value while bitcoin's value may increase over time, and also, it is a highly liquid investment. Unlike other retirement accounts that may require waiting until a certain age to access your funds, bitcoin can be bought and sold quickly and easily.

But still overall, bitcoin can be a viable retirement plan option for those willing to take on some risk.

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Kinda, I just added MicroStrategy to my IRA.

Sayeds56

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Quote from: CryptoBuds on August 16, 2023, 11:25:08 PM

Bitcoin is a really promising investment, I will also add it to my retirement assets and I agree with you guys, we need to diversify, not just focus on bitcoin, that's too risky.

You have highlighted a crucial distinction between saving and investing, and your approach to diversify the investment portfolio demonstrates your comprehensive understanding of financial management. Diversification is a well known strategy and key principle of spreading risks by investing in multiple asset classes.

Furthermore, including Bitcoin in investment portfolio is a calculated move, that aligns with its potential for substantial long term gains.

bayu7adi

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Quote from: CryptoBuds on August 16, 2023, 11:25:08 PM

You need to distinguish between investing and saving, it would be a big mistake to put all your money into investing without any savings for emergencies. Because whether it's bitcoin or real estate, there's always risk, there's no such thing as profitable without risk, and life is full of surprises.

An emergency fund stands as the foremost cornerstone that every individual should possess. Essentially, this financial safety net bestows a sense of security upon you, enabling you to tread risky financial paths while still ensuring your sustenance for several months.

If we consider investments as the means to bolster wealth, with savings being the emergency cushion, then it becomes imperative for every person to establish a savings buffer before delving into investments. The presence of an emergency fund acts as the fundamental prerequisite for achieving financial freedom. Without it, even minor missteps can escalate into profoundly detrimental consequences for our financial standing.

Embrace the act of prioritizing savings to cultivate a foundation of security in your life. Thereafter, embrace calculated risks through investments to augment your wealth.

CryptoBuds

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Quote from: edy_58 on August 16, 2023, 09:55:29 PM

Quote from: kawetsriyanto on August 16, 2023, 04:47:54 PM

Quote from: posi on August 14, 2023, 06:11:35 AM

Although bitcoin is really a good asset and I will definitely add it to my retirement. But I won't put all my retirement assets in bitcoin, I will diversify because nothing is absolutely safe and especially high yielding assets are also high risk. Real estate is something everyone aspires to but owning it is not easy so I think not everyone can afford it. Instead, I think we can also diversify into gold and other precious metals along with bitcoin.

Yup. Bitcoin offers potential big profits but it is also a high risk investment. We can't rely our future to a single high risk investment, we need other investments. I personally will also never put all my investment on Bitcoin only. I will diversify my investments on Lands, Gold, or other investment with lower risks. We must be wise to plan our retirement assets, don't put all of them on a high risk investment. We must think that sometimes we need urgent fresh money, so we must have assets that prices can be quite stable.

Choosing several types of investments is a good thing for those who make investments, of course it will be very profitable, if we only use all assets in one type of investment, this will be harmful to our assets, of course, this is not really what every investor wants. I think that in making an investment we need to leave our savings for unexpected needs, it is not good to invest all of our money so that we don't have money for unexpected needs.

You need to distinguish between investing and saving, it would be a big mistake to put all your money into investing without any savings for emergencies. Because whether it's bitcoin or real estate, there's always risk, there's no such thing as profitable without risk, and life is full of surprises.

Bitcoin is a really promising investment, I will also add it to my retirement assets and I agree with you guys, we need to diversify, not just focus on bitcoin, that's too risky.

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Quote from: kawetsriyanto on August 16, 2023, 04:47:54 PM

Quote from: posi on August 14, 2023, 06:11:35 AM

Although bitcoin is really a good asset and I will definitely add it to my retirement. But I won't put all my retirement assets in bitcoin, I will diversify because nothing is absolutely safe and especially high yielding assets are also high risk. Real estate is something everyone aspires to but owning it is not easy so I think not everyone can afford it. Instead, I think we can also diversify into gold and other precious metals along with bitcoin.

Yup. Bitcoin offers potential big profits but it is also a high risk investment. We can't rely our future to a single high risk investment, we need other investments. I personally will also never put all my investment on Bitcoin only. I will diversify my investments on Lands, Gold, or other investment with lower risks. We must be wise to plan our retirement assets, don't put all of them on a high risk investment. We must think that sometimes we need urgent fresh money, so we must have assets that prices can be quite stable.

I don't think this is because Bitcoin is high risk. But we can take advantage of the presence of bitcoin to make other investments is a wise choice. I mean, we can take advantage of Bitcoin's volatility in terms of profits to make other investments. As you mentioned, land, houses or other property that is not going to be lost in the long term or in the future will continue to increase in price over time and this is good for our old age.
And besides that it can be rented out for income every month and prices can also change according to developments, gold is also good for making funds immediately when we need it. So Bitcoin is very important to have, apart from for the future, Bitcoin can also help develop other investments.

Sayeds56

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It is a noteworthy decision of Fidelity Investments to include Bitcoin in their retirement accounts. This positive development reflects the growing interest of reputable institutions to accept crypto currencies as a valid asset class within traditional investment instruments.

Certainly, incorporating Bitcoin in retirement plan is a personnel decision that should be carefully evaluated in light of inherent characteristic of high volatility. From my perspective, I would lean toward including it in my plan due to its its potential to generate significant returns overtime.

edy_58

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Quote from: kawetsriyanto on August 16, 2023, 04:47:54 PM

Quote from: posi on August 14, 2023, 06:11:35 AM

Although bitcoin is really a good asset and I will definitely add it to my retirement. But I won't put all my retirement assets in bitcoin, I will diversify because nothing is absolutely safe and especially high yielding assets are also high risk. Real estate is something everyone aspires to but owning it is not easy so I think not everyone can afford it. Instead, I think we can also diversify into gold and other precious metals along with bitcoin.

Yup. Bitcoin offers potential big profits but it is also a high risk investment. We can't rely our future to a single high risk investment, we need other investments. I personally will also never put all my investment on Bitcoin only. I will diversify my investments on Lands, Gold, or other investment with lower risks. We must be wise to plan our retirement assets, don't put all of them on a high risk investment. We must think that sometimes we need urgent fresh money, so we must have assets that prices can be quite stable.

Choosing several types of investments is a good thing for those who make investments, of course it will be very profitable, if we only use all assets in one type of investment, this will be harmful to our assets, of course, this is not really what every investor wants. I think that in making an investment we need to leave our savings for unexpected needs, it is not good to invest all of our money so that we don't have money for unexpected needs.

Mahanton

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Quote from: Uruhara on August 15, 2023, 06:39:28 PM

Quote from: xSkylarx on August 13, 2023, 11:31:14 PM

Quote from: Uruhara on August 13, 2023, 10:25:03 PM

Quote from: Flexystar on August 13, 2023, 11:57:16 AM

It does sound like a good plan because by the time I am gonna be retired I am sure major changes will be done in the Bitcoin adoption. It’s gonna be around 36 years from now that is huge period of mega adoption of the Bitcoin. On the other hand I am already used to buying and holding my bitcoin since couple of years now and I am doing great as sticky holder. I think by the time I reach a decade or something I would be in good position. This will definitely help me a lot during my retirement. One thing I will have lot of bitcoins and second thing the world would be way more friendlier to Bitcoin than the current timeline. So yeah I am up for this idea.

Correct. If we can see good potential for Bitcoin adoption in the future then of course saving bitcoin / investing bitcoin to be included in a retirement savings fund would be a pretty good idea. Because savings are of course only funds that we set aside, of course it doesn't contain too much risk. But of course, including bitcoin in our retirement savings does not mean we only save in bitcoins. But of course we also prepare in other ways for our retirement.

It has really good potential because, as you can see right now, a lot of people are investing in bitcoin and also keeping it for a long period of time, but that is called investing, not saving, because in saving there is no risk, meaning your money will not increase or decrease because that money is intended for something and you can't afford a risk. That is why others will invest using their savings because they can get a profit and it will not take them long before they achieve the certain value they want.

Well, it's true that this is more suitable to be called an investment rather than a savings. Because saving bitcoins in the long term has both potential and risk. And what those of us who hold bitcoin currently hope for is of course a lot of profit in the future. Sometimes it's hard to believe that the value of bitcoin will continue to increase from time to time for those who haven't seen the history of the journey of bitcoin prices. But after we study the history of bitcoin prices from year to year, we will be more confident about investing in Bitcoin, including if it is to be stored until we retire later. Even people who invested in bitcoin at the beginning of 2023, today they already have quite a lot of returns, even more profits than investing in the stock sector at this time.

You could actually divide things according into your preference which you would really be saving up some portion and you would really be trading up for some in short term. It doesnt matter whether you do have both things.In overall in speaking about retirement savings then i would really be that saving up fiat and Bitcoin at the same time but as much as possible on the time that i do still make out some salary then i would really be making out some investment and businesses. How much more if i do have able to get my retirement money? For sure it would really be applied on other investment as well and not really just that focusing on crypto
but also in other fields on which could really be able to make myself that having the potential on earning passively. Knowing that on the time that you do retire then there's no income flow and if you are that someone
who doesnt really mind that much about future things then most likely you would be ending up on having some trouble later on.

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Quote from: posi on August 14, 2023, 06:11:35 AM

Although bitcoin is really a good asset and I will definitely add it to my retirement. But I won't put all my retirement assets in bitcoin, I will diversify because nothing is absolutely safe and especially high yielding assets are also high risk. Real estate is something everyone aspires to but owning it is not easy so I think not everyone can afford it. Instead, I think we can also diversify into gold and other precious metals along with bitcoin.

Yup. Bitcoin offers potential big profits but it is also a high risk investment. We can't rely our future to a single high risk investment, we need other investments. I personally will also never put all my investment on Bitcoin only. I will diversify my investments on Lands, Gold, or other investment with lower risks. We must be wise to plan our retirement assets, don't put all of them on a high risk investment. We must think that sometimes we need urgent fresh money, so we must have assets that prices can be quite stable.

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Quote from: Uruhara on August 15, 2023, 06:39:28 PM

Quote from: xSkylarx on August 13, 2023, 11:31:14 PM

Quote from: Uruhara on August 13, 2023, 10:25:03 PM

Quote from: Flexystar on August 13, 2023, 11:57:16 AM

It does sound like a good plan because by the time I am gonna be retired I am sure major changes will be done in the Bitcoin adoption. It’s gonna be around 36 years from now that is huge period of mega adoption of the Bitcoin. On the other hand I am already used to buying and holding my bitcoin since couple of years now and I am doing great as sticky holder. I think by the time I reach a decade or something I would be in good position. This will definitely help me a lot during my retirement. One thing I will have lot of bitcoins and second thing the world would be way more friendlier to Bitcoin than the current timeline. So yeah I am up for this idea.

Correct. If we can see good potential for Bitcoin adoption in the future then of course saving bitcoin / investing bitcoin to be included in a retirement savings fund would be a pretty good idea. Because savings are of course only funds that we set aside, of course it doesn't contain too much risk. But of course, including bitcoin in our retirement savings does not mean we only save in bitcoins. But of course we also prepare in other ways for our retirement.

It has really good potential because, as you can see right now, a lot of people are investing in bitcoin and also keeping it for a long period of time, but that is called investing, not saving, because in saving there is no risk, meaning your money will not increase or decrease because that money is intended for something and you can't afford a risk. That is why others will invest using their savings because they can get a profit and it will not take them long before they achieve the certain value they want.

Well, it's true that this is more suitable to be called an investment rather than a savings. Because saving bitcoins in the long term has both potential and risk. And what those of us who hold bitcoin currently hope for is of course a lot of profit in the future. Sometimes it's hard to believe that the value of bitcoin will continue to increase from time to time for those who haven't seen the history of the journey of bitcoin prices. But after we study the history of bitcoin prices from year to year, we will be more confident about investing in Bitcoin, including if it is to be stored until we retire later. Even people who invested in bitcoin at the beginning of 2023, today they already have quite a lot of returns, even more profits than investing in the stock sector at this time.

so you're an expert now after merely glancing at the historical charts? Please Roll Eyes

If predicting the future of investments were that simple, we'd all be millionaires lounging on our private islands. Get real

Believing in the infallibility of Bitcoin based on a brief history is like thinking you understand the vast complexities of global economies because you've read a few articles. There are so many variables at play here. Regulations, technological disruptions, global financial crises - any of these can disrupt the trajectory of Bitcoin

Those who invested earlier this year and reaped the benefits? Good for them. But recall: the stock market and the crypto market are two very different beasts. What's thriving today might just be the tragedy of tomorrow. Being overconfident without understanding the intricacies is a recipe for disaster!

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We don't exactly have same retirement schemes like Americans do. But I would definitely include Bitcoin to my retirement portfolio. I wouldn't go like %50 its very dangerous in my opinion because I would be old person so I wouldn't be able to afford huge potential losses. But something like %5 is pretty acceptable I think. It can make me extra amount of income that I would feel like promotion. Bitcoin is lovely asset/currency to have in all kinds of portfolios.

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Quote from: xSkylarx on August 13, 2023, 11:31:14 PM

Quote from: Uruhara on August 13, 2023, 10:25:03 PM

Quote from: Flexystar on August 13, 2023, 11:57:16 AM

It does sound like a good plan because by the time I am gonna be retired I am sure major changes will be done in the Bitcoin adoption. It’s gonna be around 36 years from now that is huge period of mega adoption of the Bitcoin. On the other hand I am already used to buying and holding my bitcoin since couple of years now and I am doing great as sticky holder. I think by the time I reach a decade or something I would be in good position. This will definitely help me a lot during my retirement. One thing I will have lot of bitcoins and second thing the world would be way more friendlier to Bitcoin than the current timeline. So yeah I am up for this idea.

Correct. If we can see good potential for Bitcoin adoption in the future then of course saving bitcoin / investing bitcoin to be included in a retirement savings fund would be a pretty good idea. Because savings are of course only funds that we set aside, of course it doesn't contain too much risk. But of course, including bitcoin in our retirement savings does not mean we only save in bitcoins. But of course we also prepare in other ways for our retirement.

It has really good potential because, as you can see right now, a lot of people are investing in bitcoin and also keeping it for a long period of time, but that is called investing, not saving, because in saving there is no risk, meaning your money will not increase or decrease because that money is intended for something and you can't afford a risk. That is why others will invest using their savings because they can get a profit and it will not take them long before they achieve the certain value they want.

Well, it's true that this is more suitable to be called an investment rather than a savings. Because saving bitcoins in the long term has both potential and risk. And what those of us who hold bitcoin currently hope for is of course a lot of profit in the future. Sometimes it's hard to believe that the value of bitcoin will continue to increase from time to time for those who haven't seen the history of the journey of bitcoin prices. But after we study the history of bitcoin prices from year to year, we will be more confident about investing in Bitcoin, including if it is to be stored until we retire later. Even people who invested in bitcoin at the beginning of 2023, today they already have quite a lot of returns, even more profits than investing in the stock sector at this time.

isaac_clarke22

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Quote from: Jegileman on August 14, 2023, 07:08:36 AM

Quote from: Davidvictorson on February 27, 2023, 10:28:49 AM

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

Bitcoin is not something you can do part-time that will provide you a quick return, because the price fluctuates, unless you are trading. I don't think some people will accept Bitcoin into their retirement plans because it is volatile, but if you have money that you can afford to lose, you can invest it. As for me, I would like to invest in Bitcoin because I trust it and am willing to risk my money on it. If you have a strong understanding of how he works, you can just invest the money for a lengthy period of time (two to three years) and I am confident you will profit.

Well technically you could still do Bitcoin as part-time, maybe not just that "quick return" part. I do partially sell my Bitcoin that aren't up for hodling whenever the market is like that usual "gaining" that I don't need to explain further anyway. Call that trading or nah whenever people wanted.

Depending on each individual on how they need their money, they might consider it a retirement fund but not purely 100% for obvious volatility issues. I might consider it yet a retirement plan but not really 100% sure with that yet.

khiholangkang

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Quote from: YUriy1991 on August 14, 2023, 10:56:13 PM

Quote from: bestcoins1 on August 12, 2023, 12:58:35 AM

Due to the reason that the total number of Bitcoins is the first benchmark besides a number of other things, there are still many people who want to hold Bitcoin and also consider it an important asset in their life. Moreover, at this time there are still very many people who want to invest in Bitcoin for various reasons, and it doesn't only work for every individual, but there are also some large companies where companies that are willing to accept Bitcoin in terms of payment will also use it as an investment for the future.

Yes, as you said, there are still many people who want to invest in Bitcoin for various reasons and Crypto as a Future Investment with BTC as the leader.

Well, the latest development now, if I'm not mistaken, in several countries, for example New York, which is one of the states of the United States, has gone a lot in this direction with the highest adoption of crypto where 19% of the population already own crypto.

But talking crypto doesn't mean talking bitcoin, 19% of adoption is indeed a good growth but we don't know what percentage is purely investing their money in bitcoin, I don't think that's clean data on bitcoin adoption.
But I hope that people who make purchases from altcoins will wake up and switch to bitcoin, in fact bitcoin is like the sun that gives life and will never go extinct, even though it is attacked a lot, but this awareness is very difficult, humans will realize where they are having difficulties , hopefully they are aware of bitcoin before their regrets come in old age.

Topic: Would You Consider Adding Bitcoin to Your Retirement Savings (Read 1172 times)