Would You Consider Adding Bitcoin to Your Retirement Savings - page 4.

Uruhara

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Quote from: Farma on August 11, 2023, 02:00:35 AM

I think, bitcoin is not a good savings for retirement. it's because the price is moving fast. while pension money is used to enjoy the day when we are no longer working. if we choose to save some of the money we have in the form of bitcoin with the aim of retirement, then I think this is a wrong understanding, because if someone has held a large amount of bitcoin, then it is said to be a bitcoin investment, where the investment can have high price in the future, or have a lower price.
If a person's goal is to retire, he or she should think about a constant income, perhaps such as rented real estate, a business with a steady income, or perhaps a large savings account. However, if someone has the feeling that they still want to invest long term, then bitcoin might be one of them.

Well if we put all the savings prepared for retirement only into bitcoin then of course that's not the right step. Because in retirement, we will actually need Passive income more, which will continue to flow into our wallets even though we are no longer working. So of course owning real estate and property is the best. But still, we also need to think about managing some of our money to be set aside and put in decent investments like bitcoin. And yeah everything you said is true. And in essence we should not put all our assets and preparations such as our savings and investments into one basket. We have to share it wisely.

Fakhrulenclix

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Quote from: Coin_trader on August 11, 2023, 10:26:05 AM

Quote from: Farma on August 11, 2023, 02:00:35 AM

However, if someone has the feeling that they still want to invest long term, then bitcoin might be one of them.

I’m committed to invest on Bitcoin long term through holding collectibles such as casascius and other physical coins that is loaded with Bitcoin. This way, It will be very hard for me to redeem the Bitcoin inside since there’s a premium value on the coin itself if the hologram is not yet peeled.

I am decided to use Bitcoin as retirement savings due to its price potential to grow more in the future and at the same time my collectible value might grow more due to its possible demand in the future from collectors.

It's a good plan, I also plan to do so because I also believe that the price of Bitcoin will continue to increase in the future.
if someone already believes the price of Bitcoin will develop in the future of course adding Bitcoin as retirement savings is a very appropriate thing and even that will be very profitable, but what must also be remembered is the risk, because everything that has the possibility of profit will be proportional to the risk which exists.

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Quote from: Farma on August 11, 2023, 02:00:35 AM

However, if someone has the feeling that they still want to invest long term, then bitcoin might be one of them.

I’m committed to invest on Bitcoin long term through holding collectibles such as casascius and other physical coins that is loaded with Bitcoin. This way, It will be very hard for me to redeem the Bitcoin inside since there’s a premium value on the coin itself if the hologram is not yet peeled.

I am decided to use Bitcoin as retirement savings due to its price potential to grow more in the future and at the same time my collectible value might grow more due to its possible demand in the future from collectors.

DeathAngel

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BTC is my retirement savings. It is the best performing asset of the last 10 years. It would he negligent not to allocate some of your money to bitcoin. I don’t see BTC slowing down in adoption so please, protect yours & your families wealth by investing a % of your wealth in BTC.

Crypto Library

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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?

Fiat money always depreciates in value so it is important to invest money in something that can give us a good quality return every year instead of fiat money for retirement. Like Gold, Land, Stock Market, Bitcoin etc. In all cases it is better to use DCA method as it always minimizes profit/loss. Bitcoin can be a good medium for reinvestment savings, but it is not advisable to keep 100% of the money only in Bitcoin. 25% Bitcoin, 20% Gold, 20% Land, 15% Stock Market Investment and 20% Bank Savings If we divide our total assets into different sectors it will serve us very well in our retirement.

gunhell16

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Quote from: Farma on August 11, 2023, 02:00:35 AM

I think, bitcoin is not a good savings for retirement. it's because the price is moving fast. while pension money is used to enjoy the day when we are no longer working. if we choose to save some of the money we have in the form of bitcoin with the aim of retirement, then I think this is a wrong understanding, because if someone has held a large amount of bitcoin, then it is said to be a bitcoin investment, where the investment can have high price in the future, or have a lower price.
If a person's goal is to retire, he or she should think about a constant income, perhaps such as rented real estate, a business with a steady income, or perhaps a large savings account. However, if someone has the feeling that they still want to invest long term, then bitcoin might be one of them.

I understand what you mean dude, but of course that's your assumption because if I were in that situation I would have retired from a company I worked for a long time and if I had a deep understanding of Bitcoin there would be no reason why I wouldn't invest in it.

But of course 50% that I will get from my retirement fee I will not think twice to put it in Bitcoin and I will sell it when the bull run comes if the price value is more than 100k$ or more, I will do that simply because for me it is like a mutual fund thoguh it is not, This is just for my perception and I don't know about others.

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Quote from: Bebe22 on August 10, 2023, 04:37:31 AM

Absolutely!!!
Bitcoin is one of the best assets one can have in this century. Instead of depending on fiat currency and fixed deposits, why not have Bitcoin, have gold, have a business, and many other assets available.
All these can give high returns in the long run.

Honestly I think Bitcoin will be a good option since our normal fiat currency keep depreciating in price and the high inflation has make things to be worse than what we expected. This is going to based on a 50/50 so that even though Bitcoin fall in price, I can still depend on half of my pension to do some things withe fund.

Also one cam be very lucky to have invested in Bitcoin when the price was still down then getting your pension when the price if Bitcoin is skyrocketing. In this case, it all depend on luck and the nature of the market. If the price of Bitcoin is down, then we are going to wait for the price of Bitcoin to go up no matter how long it is going to take us before we sell the Bitcoin holding and earning from the market.

Farma

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I think, bitcoin is not a good savings for retirement. it's because the price is moving fast. while pension money is used to enjoy the day when we are no longer working. if we choose to save some of the money we have in the form of bitcoin with the aim of retirement, then I think this is a wrong understanding, because if someone has held a large amount of bitcoin, then it is said to be a bitcoin investment, where the investment can have high price in the future, or have a lower price.
If a person's goal is to retire, he or she should think about a constant income, perhaps such as rented real estate, a business with a steady income, or perhaps a large savings account. However, if someone has the feeling that they still want to invest long term, then bitcoin might be one of them.

dothebeats

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Quote from: xSkylarx on August 10, 2023, 08:25:32 PM

Quote from: Japinat on August 10, 2023, 03:59:48 PM

Why not? It’s proven to be a profitable long-term investment so I believe it can be worth our money and time especially if its price will keep breaking a new all time high which means our investment will turn out to be 10x or 20x profitable too. However, we should always stick to the basic rule when investing, always invest money that you can only afford to lose. Bitcoin is a profitable asset, but we can’t guarantee if it’s still be the same 10 or 20 years from now so its safe to invest with caution.

You are right, don't be blindly thinking that your money will grow about 10x and you'll go all in, in which we know that the risk of losing it is high, so it's still preferred that some of your retirement savings go to Bitcoin and others are in the bank, no matter how much they depreciate in value, so that you can still have a fallback just in case. Also, it is better to make sure your security is good, mostly when you hold Bitcoin, and be up-to date on the news on Bitcoin, as for sure there are new innovations throughout that time.

This is true, and a safe and secure way to ensure that there is money to be saved in both aspects. It will be hard and too risky if we only rely on Bitcoin for our retirement savings as the growth of the profit is not guaranteed, same goes with the bank as banks can always file for bankruptcy if things go for the worst. Hence, having both can increase the guarantee that you will have savings.

xSkylarx

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Quote from: Japinat on August 10, 2023, 03:59:48 PM

Why not? It’s proven to be a profitable long-term investment so I believe it can be worth our money and time especially if its price will keep breaking a new all time high which means our investment will turn out to be 10x or 20x profitable too. However, we should always stick to the basic rule when investing, always invest money that you can only afford to lose. Bitcoin is a profitable asset, but we can’t guarantee if it’s still be the same 10 or 20 years from now so its safe to invest with caution.

You are right, don't be blindly thinking that your money will grow about 10x and you'll go all in, in which we know that the risk of losing it is high, so it's still preferred that some of your retirement savings go to Bitcoin and others are in the bank, no matter how much they depreciate in value, so that you can still have a fallback just in case. Also, it is better to make sure your security is good, mostly when you hold Bitcoin, and be up-to date on the news on Bitcoin, as for sure there are new innovations throughout that time.

rikybrosh

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After many things that I experience with bitcoin, I think it will be good if I have some btc in my saving in my retirement. only saving fiat will only reduce the value of money that I have. when we old we will not be able to do something as much as we young. I think btc also the good choice fo this.

Mr.suevie

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Quote from: Haunebu on August 10, 2023, 08:27:48 AM

Definitely. Why? Because there is always the possibility for my retirement savings to spike drastically in the long-term thanks to BTC and other popular cryptocurrencies which isn't possible with FIAT currencies.

There will always be a big risk involved, but I feel that it's worth it due to the possibility of that spike happening.

Saving money in fiat currency will currently depreciate over time because of the value of that money and it would be very hard achieved what the power of that money saved would have done a few years back from the original time you saved it. Where as if the money is BTC and I don't want to say crypto because that's a totally different case altogether, I rather prefer BTC saving and if the savings is actually BTC then we will be greatful to the value it has turned out after the initial saving time

Wimex

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The fact that Fidelity Investments is allowing investors to add cryptocurrency to their 401(k) accounts marks a major milestone in the adoption of Bitcoin as a legitimate asset. As for whether I would add Bitcoin to my retirement portfolio, I am serious. a resounding YES, seeing its global adoption, I see it as a positive sign for its future value, besides that I have always liked the idea of owning Bitcoin, I would like to have at least 2 or 3 Bitcoins, it is a goal that I would like achieve. Now I feel that the proportion of Bitcoin that someone would consider adding to their retirement portfolio is a highly personal decision and depends on several factors such as the amount of savings, overall financial situation and attitude towards risk… Some might opt for a small allocation, like 5% or 10%, as a way to diversify your portfolio without exposing yourself too much to the volatile risk of Bitcoin… Others of me might be bolder and consider larger allocations.

ancafe

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

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.

I'm not the type of person who likes to fish in one pond because the more ponds we go to, the bigger it will be to get lots of fish. Bitcoin is a major plan as an investment move, but so far I haven't considered retirement savings because whenever bitcoin reaches ATH I will always intend to sell it. I also plan to make bitcoin savings as a retirement step in the future, but also intend to buy land, gold, or real estate.

The problem is that until now the availability of capital has become an obstacle, forcing us to choose one with more potential and for that reason I prefer investing in bitcoin. When the financial resources that I have are strong, I plan to take the three steps that I mentioned above simultaneously, the goal is that we can collect many sources of income in carrying out various investments.

Abu-Naim

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Quote from: Bebe22 on August 10, 2023, 04:37:31 AM

Absolutely!!!
Bitcoin is one of the best assets one can have in this century. Instead of depending on fiat currency and fixed deposits, why not have Bitcoin, have gold, have a business, and many other assets available.
All these can give high returns in the long run.

A fantastic option that will also help your retirement savings is to invest a portion of your monthly salary in bitcoin.

If you started investing in bitcoin before retiring, you might not need your pension again because the value of your bitcoin investments may have increased to the point where you can start making enough money to operate your own business after retiring. This generally suggests that enhancing your retirement savings with bitcoin is a good idea.

Japinat

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Why not? It’s proven to be a profitable long-term investment so I believe it can be worth our money and time especially if its price will keep breaking a new all time high which means our investment will turn out to be 10x or 20x profitable too. However, we should always stick to the basic rule when investing, always invest money that you can only afford to lose. Bitcoin is a profitable asset, but we can’t guarantee if it’s still be the same 10 or 20 years from now so its safe to invest with caution.

Uruhara

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Quote from: Jawhead999 on August 10, 2023, 09:31:44 AM

Every satoshi I collected and accumulate since then until now will become my retirement saving, even I get paid in fiat, I will convert it to Bitcoin because I believe with the future. There's no point to hoard fiat for large amount because you will not make any money with that. Bitcoin is very liquid, I can convert it immediately to fiat in case I want to buy something expensive.

So true. I also think that adding bitcoin to our retirement savings is a pretty wise move. As long as what we keep is within normal limits or within limits that we can bear the risk. Because setting up funds for retirement is better to spread in several different investments. And one of them is bitcoin and some of it can also be in real estate or something that can generate passive income in the future when you retire. I have also started setting aside bitcoin little by little to be stored in a special wallet for long-term investments, namely for the future and retirement.

bayu7adi

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When it comes to the question of whether Bitcoin and cryptocurrencies should find a place within one's pension fund, the answer is an affirmative nod. However, the extent of their inclusion is contingent upon each individual's peculiarities, as risk profiles vary substantially. Bitcoin and cryptocurrencies constitute assets fraught with elevated risk, especially when juxtaposed against stocks, gold, real estate, or bonds. Ergo, the determination of their proportion wields a pivotal influence over the mental well-being of each person.

Were you to inquire of me the percentage of funds that could be earmarked for cryptocurrency investments out of my entire retirement corpus, it might hover around the range of 25% to 30%, with a predominant share directed towards Bitcoin.

Jawhead999

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Every satoshi I collected and accumulate since then until now will become my retirement saving, even I get paid in fiat, I will convert it to Bitcoin because I believe with the future. There's no point to hoard fiat for large amount because you will not make any money with that. Bitcoin is very liquid, I can convert it immediately to fiat in case I want to buy something expensive.

letteredhub

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

Quote

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?

Nothing I'll love like adding bitcoin as part of my retirement savings plan, addition to any other financial instruments that appreciates in value as years go by, unlike the fiat money that loses value more often than it gain.
This is a century where people like retirees are meant to have their savings into something that generates profitable returns after years of savings and bitcoin is that portfolio something fiat money have proven countless times a failure.

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