Topic: Would You Consider Adding Bitcoin to Your Retirement Savings - page 11. (Read 1156 times)
Bitcoin IS my retirement savings. I do not have anything else, well technically I have other cryptos, but I only invest into crypto and nothing else. If one day I will decide to buy a house, which looks to be pretty impossible as it is right now, but who knows, then I could consider that. But among things like gold, stocks and so forth, the best one in my mind is crypto. Of course you need to be careful what you pick, most of my money is in bitcoin and its there until I retire 30 years from now, which means that I can hold my coins for another 30 years if I do not need to cash it out. Thats a pretty good savings if you ask me.
This is like giving Fidelity Investments permission to use your funds to trade. In which they could profit, sell when the price hit ATH, and then buy again when the market hits the lowest low. This would really be good if there is transparency to it.
It could sound good when you hear about it but that would mean you get to wait til you are retired to get your BTC right?
It would be fun to hear what the elders who think alike like Charly Munger do. Those are the ones who are hard to convince.
It's been so long since I've seen people saying that they're using bitcoin for their retirement funds. There's no need to go through a fund management from a third party company or a financial institution that do uses it. If someone doesn't have the full knowledge on how to keep his bitcoins as a retirement fund, that's where I think such service is needed. However, there's no need for someone who's working hard and saving money for retirement in bitcoin to just let a company manage that holdings for him.
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%?
It's better to scatter source for retirement fund, I've got other assets that I do consider which are part of my retirement so maybe in terms of percentage that's going to be around from 10% - 50%.Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?
Yes. 
As a bitcoin supporter, would you consider adding bitcoin to your retirement savings
The bitcoins I can put away are meant to become someday the bulk of my retirement savings. But that's the bitcoins I can earn and that I manage to not spend.
The rest of my retirement savings come from the old channels, from the stable day job (but I expect that to just barely keep me fed).
So if bitcoin goes to oblivion before I get to the retirement age, I won't remain 100% uncovered. However, the chances are small for that.
If bitcoin gets to new highs... I hope I'll have the chance for a decent life at old age.
But all that is really far. For now.. it's easier to just stack sats and don't think that far.
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?
The right question is about how much bitcoin would anyone keep for retirement savings
100%, 75% or even 50% is just stupid. No one should do that, especially for retirement, which is a moment in life where you can't hold for years expecting the price to bounce back.
A Retirement portfolio should be very conservative , and more than 10% in bitcoin ia just crazy. Unless you are really rich
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 do not really look after my retirement plan and not having any plans of adding bitcoin as such. I am more or less trying to put up more money in Fixed Deposits with long tenures as well as Mutual Funds. As far as the two concerned, they will bring me vital amount of profitability over the period of time and the same returns I can use for my future. I would love to enjoy my life right now as it is and have as much fun as I could out of it. This does not mean I am going to be broke in my old age, because FD and MF will take care of that.
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Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?
I dont think so. Bitcoin's volatility is really high and that makes it genuinely risky asset to hold for next 40-60 years. That is considering a retirement age by that time. It could go upto 1 million a btc in next 10 years but who has seen the future thereafter? It could reverse itself and be at 500 bucks? That scares me and that's I dont think its potential companion for my retirement plans.
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 will consider bitcoin as part of my retire plan. If possible I can use the retirement plan for buying assets like bitcoin and gold, I will prefer that. I m not having the fiat mentality because fiat value will always get to reduce. I am not a type that have to depend on anything like government or anything that have to do with retire plan because I work for myself. I prefer my savings for the future not to be in fiat, it is better if I have asset instead. During a massive bear market, it is another good sign that I should save in bitcoin.
I read this article last year and stumbled upon it again today. I find the article quite relevant in 2023, as bitcoin awareness spreads across the world. I feel there will be a positive correlation between its awareness and adoption. Supporters and believers in bitcoin would want to go the extra mile to show their belief in Satoshi's project. Let's talk about retirement. I have provided a snippet of the article below, along with some questions for discussion. I hope we can engage with it.
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?
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Some investors may soon be able to add cryptocurrencies to their 401(k) accounts. Fidelity Investments announced Tuesday it will begin allowing investors to put cryptocurrencies such as bitcoin in 401(k) retirement accounts, making it the first provider to do so. The offering will be available midyear for the 23,000 companies that use Fidelity for their retirement accounts. (Of course, your employer, as the plan sponsor, has to agree to it.) Some investors may be wondering if cryptocurrencies have a place in their retirement savings. Many financial advisors say it can be part of a well-balanced investment portfolio, and have noted that clients have already been adding it to their investments outside of employer-sponsored retirement savings.
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?
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