Topic: Would You Consider Adding Bitcoin to Your Retirement Savings - page 10. (Read 1100 times)

You have already put the question in order OP, you asked if someone could consider 'adding" Bitcoin to retirement savings, so this means that a part of your retirement savings will be Bitcoin, not everything, so it depends on the percentage of Bitcoin you want in your retirement savings.

I don't see any reason why not, the danger here would have been if you put all your retirement savings into Bitcoin, putting all your eggs into one basket can make things get ugly fast, since that's not the case, your plan should work out just fine.

There's always a saying that you shouldn't put all your eggs in one basket. Pensions are used by you to celebrate your retirement; others may also invest them in business, but not all of them, only a few of them. But if you have another source of income, then it is okay to wait on it, as you know that you can profit from it. It is just that you need to make sure that others know what you are doing and know your private key, as we don't know how long you will live, so that other family members can still access your bitcoin.

Not in a retirement fund like the ones you mention. Although bitcoin does form part of my long-term savings and investment, and therefore also for retirement, but putting it in a pension fund goes against its very essence, as you are not going to have your private keys. What you are going to do is pay money to an entity to buy financial assets such as shares and bonds, as well as bitcoin, and they are normally deposited in another entity that has custody of them; you do not have custody of them. I think we've learned enough about the risk involved. So I'd better keep my bitcoin and I'll spend it when I retire or whenever I want.

Adding Bitcoin to your retirement savings could be a good option if you are willing to take on more risk in exchange for potentially high returns. It might important to remember that diversification is key to managing risk in your investment portfolio.  So, adding Bitcoin to your retirement savings should not be your only investment and the percentage of your retirement savings that you allocate to Bitcoin depends on your risk tolerance and investment goals.  IMO, it's recommended that investors allocate no more than 5% of their portfolio to Bitcoin or any other individual asset.

Adding Bitcoin to your retirement savings using the DCA method could be a good way to minimize the impact of market volatility on your investment.  It's a safe method of investing to deal with high volatility.

This is a big question we need to ask ourselves especially for those people that are old ams going to be earning there pention soon. This is a wise decision because nit everybody that will agree to this based on different reasons. The question is what if you hold your pention in Bitcoin and the market falls heavy when you get your pention, the question is how long are you going to wait?

Adding "cryptocurrency" is a very bad idea. In 20-30 all of the coins that are popular today will be dead. Ethereum has some slim chance of surviving if it will manage to find at least some real users for its smart contracts.

Regulators should separate cryptocurrency and Bitcoin - crypto is like a penny stock, but without the chance of becoming a big thing, Bitcoin is like S&P 500. They are different asset classes with very different risks.

it's gonna be no brainer mainly because bitcoin have history of linearly increasing in term of valuation and i'm sure by adding bitcoin to our retirement saving it'd somehow grow the investments and savings.
but the think is, the volatility, imagine you're putting your retirement savings in btc when it was bullish and then suddenly massive correction happening, would your saving retirement still not disrupted? i guess diversification would also be essential.

Based on the limited supply of Bitcoin, block halving, and potential I think accepting Bitcoin into a retirement saving account is the best thing every Bitcoin enthusiast will ever do cause of any form of DCA method, and it's also a good plan for the future since the government keeps printing more currency.

Maybe if I was still in my 20s and had a very well-paying job I'd consider it, but now?  I don't think anyone who's even 20 years away from retirement should allocate any percentage of their retirement account to anything crypto, not even bitcoin.  If people want to speculate in it, IMO they should do that on top of whatever they put aside for retirement.  As much as I'm a bitcoin enthusiast and vehement supporter, the reality is that it's just too risky and volatile an asset to include in a fund that's meant to at least remain stable if not grow (which the stock market has historically done).

I'm not sure how many 401(k) plans offer any sort of crypto option, but I bet it'll catch on over time as bitcoin becomes even more mainstream than it already is.  I'd still stick to stocks that provide income, though.  That's what you want when you finally retire.

Op from your last statement you made mentioned of accepting bitcoin in my retirement savings and I am corresponding to that effect. And I will boldly say yes. If my employee is ready to add bitcoin to my retirement or gratuity and I know how to handle or use bitcoin I will definitely accept and us it to invest in it. And also coming to the subject which has different interpretation with the last statement (question) connote the synonym of the idea of the content. Adding. Bitcoin to my retirement savings is a personal decision or interested. All depends on the knowledge you have on bitcoin on you old age. One thing you have to know at that time is that, you have to know how old are you at that time because if you invest late you might not able to enjoy the investment but your children. If your age permit you then it is very good to invest but if your age will not permit you, your investment will be enjoyed by your family members.

Retirement savings is for the future. Same is with bitcoin investment. As one of the user mentioned, rather than depending on a third party it is good to go with our savings done in a non custodial wallet. Almost every sector have added bitcoin into their business. In such a way bitcoin is getting added to the retirement plans is a good move.

I think 401k, IRA and crypto are retirement methods for married men with children. For those who have their families depending on them. It becomes harder to accept risky ventures, which might be more profitable. 401Ks and IRA's are often funded by investments in stock markets based on the assumption of long term growth. In eras where inflation, recession or economic contraction are prevalent, they generally become less satisfying as investment vehicles due to reduced growth.

Youth who are single and do not have families could do better with higher risk retirement investments. They do not have families or children relying on them. Making it easier to learn, explore and develop knowledge and skill base.

Personally, I like dividend reinvestment plans (DRIP) as there are documented cases of people earning enough to retire early using them. They depend more upon profits than long term growth. Which could make them more attractive over the long term than 401ks or IRA. Due to profits being (IMO) an easier goal to achieve than consistent growth.

I love bitcoin. It has always resembled something not unlike a warzone with no shortage of controversy and conflicting opinions. If anyone is relying upon BTC for their retirement I hope they diversify and have 2nd and 3rd options. Whatever BTC I have for HODL purposes, I'm complimenting with as many other things as I can find.

I would not also hesitate to consider accumulating bitcoin for my retirement but I would admit maybe just a very small portion like 10% knowing there is no guarantee if bitcoin will still be valuable in the future or may lose its significance eventually. However, as long as I have extra money to buy bitcoin these days, I am really saving bitcoin for my retirement and with the help of DCA, hopefully it will create a sum of huge amount so I can make the best of it in the future.

Investment I guess but not savings. It won't be something you can use in times of emergencies unless adoption of this technology is already okay when that time comes. I defined it as an investment because there's no assurance still of what will happen to its value in the future; anything could still happen as long as global acceptance is still lacking. Unlike with bank savings wherein it will always be there unless your bank will be subjected for bankruptcy but that's another story I guess. Depends on your preference still; if you are for a more secured saving, right now it would be fiat. But if you are okay with taking the risk for long term, ofcourse investing into it would be a good shot.

As a crypto believer and bitcoiner, having bitcoin as a retirement savings for me is a norm and not something that one has to go the extra miles for.
Though I personally would not trust any third party company to hold my bitcoins for me, so I would prefer that the company I with keep paying my retirement saving into the third party company account in fiat currency, while set aside some part of my salary every month for buying bitcoin as a retirement savings as well for myself.

It depends what you define as adding it to your retirement savings. If you've been successful throughout your life, or even just invested wisely every month for a long period of time, then it is wise to have a small chunk - more like 5% and below - diversified in these "fun" side holdings. Crypto simply doesn't compare to where people usually keep their retirement savings and has not grown a long enough record to be considered a safe asset like the companies that most people own in the pension schemes. Companies make products or sell services, if you own a share of them and they generate profit, that's how you get an income in retirement but crypto doesn't offer the same predictability. It is simply a gamble that you'll be able to sell it for higher without it producing anything of tangible value.

Id say it depends on what type of retirement fund we're talking about but in I do agree with you mostly. I would go up to 15% btc/eth. As you said anything higher than that would be crazy as no one can guarantee the
price will be right when the person retires.

In my opinion holding up to 15% crypto could either give a your funds a nice little to moderate boost or simply cut them short by the said 15%.

This is also my assertion because even though we are confident of bitcoin rising in the coming years we cannot also be too sure of how it will be. Anything above 30% is way to risky to invest in bitcoin as retirement investments. I already have bitcoin as part of my plans with the idea of doing DCA biweekly and saving the rest retirement funds in fiat and possibly other assets. Although Fiat is risky due to inflation but we are yet to reach a stage where bitcoin should be 100% investment funds.

I'd add a part of it to my retirement savings. Probably around 20-30%. Anything more is basically being greedy and an oversight. There are a lot of other investment vehicles out there that can also be great when held long term. While we may be heading towards the digitization of everything in the future, traditional investments like real estate and precious metals won't hurt to hold. I'd very much want my portfolio to contain those if it ever is my retirement savings that I'm speaking of.

Absolutely yes! It is already in my retirement savings. I do have a day job and earn salary income. So whatever I earn from my signature campaign, goes straight to my savings only. And I do not usually sell off the bitcoins unless there's a huge emergency.

Bitcoin can indeed give a huge return if I can hold it for the right amount of time. But I am not sure about my government whether they are going to allow bitcoin in the country in a few years. So the entire thing is still uncertain.