Would You Consider Adding Bitcoin to Your Retirement Savings - page 2.

YUriy1991

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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.

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Quote from: Gozie51 on August 14, 2023, 03:12:39 AM

Quote from: serjent05 on August 13, 2023, 05:38:39 PM

Considering the flow of the Bitcoin market and news about Bitcoin, the increasing popularity and good projection of future adoption, I believe Bitcoin will continue to be profitable as long as the person knows when to sell his holdings.

Bitcoin is a good assets for the future no doubt but while we are hodling it, we also have to look at the profit margin that has been made within the time and we can sell to reinvest when the price is going up again. Some people only want to keep btc in their wallet for years without taking note that they could sell and come back again hodling. However, regards to retirement savings, if we could diversify between btc and real estate investment, we are sure that the old age is going to be a financially secured one because at old age you can't have the strength to move around like you were during the youth age

I would have actually consider adding BTC as my retirement savings but I would be missing a lot during its phases in the market.

Remember that BTC has this phase of experiencing forks, where the mined bitcoins are halved resulting to a massive increase of its price in the market. Not to mention, its volatility makes it a perfect investment for short/long-term depending on the price increase on the market. If I were to fully adopt BTC as my retirement savings, I would be making a commitment of not using/utilizing its potential for short-term gain.

While this may be the case, I would still consider it adding as a portion of my retirement savings for my heirs to benefit in the future should they wish to continue and use it.

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Ever since the discovery of Bitcoin, people have been endlessly interested in it. Day by day people are gaining better idea about Bitcoin. Due to which people's trust in Bitcoin is increasing. Nowadays the use of Bitcoin has increased greatly in every country of the world so people are now showing interest in Bitcoin investment. High return of investing in Bitcoin over long term is now the most popular investment medium for people of all walks of life. Bitcoin is a boon for those who are employed or those looking for a reliable financial system for retirement. They may think of Bitcoin as a safe way to store money. This can be a golden opportunity especially for those who want to store bitcoins using the DCA method.

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Quote from: marcous on August 13, 2023, 01:58:30 PM

It is true that in the future every country will be more lenient with their regulations regarding Bitcoin, of course there will be many countries that will use it as a medium of exchange. I wanted the same thing you said, buying it today and keeping it in retirement savings is a great idea.

It would be even better if in the future there could be more and more countries willing to make regulations relaxed on the use of Bitcoin, because this can really help parents who want to save their assets in the form of Bitcoin by considering this as a savings fund for their retirement. But the best thing at this point is that they should be able to make incremental purchases of Bitcoin if they want to keep it as retirement savings before bigger price swings happen to Bitcoin.

Quote

However, we must continue to control the market to get the latest updates on price developments in real time. It will be interesting in retirement, working leisurely and reaping significant benefits from today's hard work.

Monitoring and controlling prices in the market is indeed very important for those who buy to store large amounts, although it would be much better if everyone who wants to keep Bitcoin would buy at the current price without making more considerations because they are not aiming to sell at short time. So there is no need to monitor and control prices in the market for longer if you already have some money to convert into Bitcoin.

tjtonmoy

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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 think it will be wise to put it into Bitcoin. Because savings does not grow your money, investment does. And Bitcoin will be less risky compared to other investments if you consider it to be a long-term investment plan. I think I will put between 20%-50% in Bitcoin for my retirement savings. Bitcoin is not accepted everywhere and sometimes in emergency situations we are required with fiat money. In order to be on the safe side during those situations, we need to keep some money in hand as fiat money. You will get the best of both worlds that way.

And putting all in one go into Bitcoin will not be the best choice as the market is volatile. I will consider choosing DCA rather than putting it all in one go. That way I can make sure that my savings are not affected by volatility that much. Hodl for long and from the saving, I can make profits in the long run.

Jegileman

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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?

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.

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Quote from: Gozie51 on August 14, 2023, 03:12:39 AM

Quote from: serjent05 on August 13, 2023, 05:38:39 PM

Considering the flow of the Bitcoin market and news about Bitcoin, the increasing popularity and good projection of future adoption, I believe Bitcoin will continue to be profitable as long as the person knows when to sell his holdings.

Bitcoin is a good assets for the future no doubt but while we are hodling it, we also have to look at the profit margin that has been made within the time and we can sell to reinvest when the price is going up again. Some people only want to keep btc in their wallet for years without taking note that they could sell and come back again hodling. However, regards to retirement savings, if we could diversify between btc and real estate investment, we are sure that the old age is going to be a financially secured one because at old age you can't have the strength to move around like you were during the youth age

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.

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Quote from: serjent05 on August 13, 2023, 05:38:39 PM

Considering the flow of the Bitcoin market and news about Bitcoin, the increasing popularity and good projection of future adoption, I believe Bitcoin will continue to be profitable as long as the person knows when to sell his holdings.

Bitcoin is a good assets for the future no doubt but while we are hodling it, we also have to look at the profit margin that has been made within the time and we can sell to reinvest when the price is going up again. Some people only want to keep btc in their wallet for years without taking note that they could sell and come back again hodling. However, regards to retirement savings, if we could diversify between btc and real estate investment, we are sure that the old age is going to be a financially secured one because at old age you can't have the strength to move around like you were during the youth age

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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.

I'm genuinely enamored by the optimistic perspective that Bitcoin is poised to become a ubiquitous presence in the future. While my confidence might not be skyscraper-high at this moment, it's undeniable that Bitcoin is still in its youthful stages. The potential for its widespread acceptance is a ticking time bomb of possibilities, primed to explode at any moment.

Yet, in my humble view, the allure of investing in Bitcoin truly shines when it's amid a seismic shift toward mass adoption – a grand event that I believe is destined to unfold in less than three decades.

I hold onto my stash of Bitcoin, preferring to revel in the element of surprise that it might unveil, rather than fixating solely on the magnitude of gains that might accrue.

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

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.

The comparison between retirement funds that are used to save bitcoins or invest them will be much better than these funds used or stored in unproductive savings. Better yet, the pension fund is made a percentage to be placed in several places. For example, like investing in gold, bitcoin or other stocks that have potential in the future, at least if the more place (niches) we use, the greater the profit we will get.

And conversely I also suggest to anyone who uses a pension fund for several investment methods and the most important thing is that the pension fund should also be enjoyed by every individual. Don't get busy thinking about investing but in the end they can't enjoy it because they have to leave the world (die). Make a balance between investment and cost of needs and don't hold back on needs but force yourself to invest because if it is done in my opinion it is also not quite right.

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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.

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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.

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In an ever-increasing value commodity and cryptocurrency, it is a no-brainer to add Bitcoin to our retirement savings. Thinking of the plan if set put 10 years prior to our retirement, accumulating Bitcoin within that long years can give us a high return assuming Bitcoin will continue to break its all-time high. It also saves the purchasing power of the money if put elsewhere.

Quote from: mirakal on August 13, 2023, 04:28:15 PM

Bitcoin is indeed highly profitable at the moment so this is also one of my dreams to invest in bitcoin and make it as a retirement investment. But I’m also aware that despite of its high chances to make profits, the rate to easily lose your money is also high knowing bitcoin will always be a high risk asset and whoever invest in it without previous knowledge and experience will find it hard to reap its profits in the future. However, if you do your own diligence to research first before you invest, and understand the risk behind it, surely investing with caution will also create some positive results in the future.

Considering the flow of the Bitcoin market and news about Bitcoin, the increasing popularity and good projection of future adoption, I believe Bitcoin will continue to be profitable as long as the person knows when to sell his holdings.

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Bitcoin is indeed highly profitable at the moment so this is also one of my dreams to invest in bitcoin and make it as a retirement investment. But I’m also aware that despite of its high chances to make profits, the rate to easily lose your money is also high knowing bitcoin will always be a high risk asset and whoever invest in it without previous knowledge and experience will find it hard to reap its profits in the future. However, if you do your own diligence to research first before you invest, and understand the risk behind it, surely investing with caution will also create some positive results in the future.

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I'm too far from retirement age but as early as possible, I'm already saving and investing Bitcoin for the future. We have seen how Bitcoin could be profitable and we all know how it could change lives and give financial freedom in the future so as early as we can, we should grab the chance to invest on it.
It should actually be a part of our retirement plan in the future so if unexpected things happen in the future, we can still survive and we'll still have something to leave for our loved ones.
Aside from other investment, we should prioritize buying Bitcoin and must set it as part of our lifetime goals as we will benefit from it in the long run.

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Quote from: marcous on August 13, 2023, 01:58:30 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.

It is true that in the future every country will be more lenient with their regulations regarding Bitcoin, of course there will be many countries that will use it as a medium of exchange. I wanted the same thing you said, buying it today and keeping it in retirement savings is a great idea.

However, we must continue to control the market to get the latest updates on price developments in real time. It will be interesting in retirement, working leisurely and reaping significant benefits from today's hard work.

Better to diversify on which you wont really be that just focusing on holding or having or accumulating Bitcoin but also you should really be still that minding about diversification on other investment on which it would

really be just that normal to have that kind of mindset or goal because establishing several numbers of investment or business would really be giving out that kind of chance on which you could really be able to
have no problems in the future on the time that you would be retiring or having no job or on the time that you do get old. You wont really be experiencing any financial hardship just because youve come prepared for such stuff.Doesnt matter whether you are accumulating Bitcoin, having real estate business, having that stocks or indices or whatever that comes with having that appreciating value.

This is why the more the better so that you wont really be minding much about your future, we are getting old and we cant totally rely with our children and its only you and your wife would be the only one
would really be left and would be living until the end. This is why its better not to make yourself put into a condition where you dont able to establish something.

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If I have the opportunity while not go ahead, retirement is what we should have budget for and plan adequately, we are not only meant to continue spending from our retirement funds without having an additional income over it through an investment and such secured means is what we can achieve with bitcoin, when we invest our retirement fund in bitcoin it turns a profitable asset, the more we don't take from it the more the investment is liable to earn us some income over time since bitcoin is a profitable investment when we hold.

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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.

It is true that in the future every country will be more lenient with their regulations regarding Bitcoin, of course there will be many countries that will use it as a medium of exchange. I wanted the same thing you said, buying it today and keeping it in retirement savings is a great idea.

However, we must continue to control the market to get the latest updates on price developments in real time. It will be interesting in retirement, working leisurely and reaping significant benefits from today's hard work.

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Quote from: salad daging on August 13, 2023, 10:27:32 AM

Not everyone will accept bitcoin as their retirement fund, so understanding the volatility, fluctuations and market movements should be fundamental to them.
The current generation will probably choose bitcoin as their retirement asset this can be seen from some interest that is so much, now indeed many people have been literate towards fiat which continues to erode inflation every year, think back to how we started this plan on bitcoin as a pensioner later?

I am planning something similar where I will continue to put a little bit of bitcoin for the old days, this is quite reliable than fiat which continues to decline in value.

At the age of retirement everyone needs a return that is free from volatility since we are not young by that age to invest or earn profits. The reason why bitcoin doesn't fit in retirement savings is its volatile nature and your investment may hang up for an indefinite period of time. At the moment it's best not to risk such critical investment into bitcoin. Better put extra cash into bitcoin in DCA manner.

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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.

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