Topic: Would You Consider Adding Bitcoin to Your Retirement Savings - page 6. (Read 1100 times)
if i wanted to put bitcoins in my retirement savings i would keep no more than 15%. in fact, I'd probably save it as an investment, not as retirement savings. that's because the retirement savings that we need to prepare must be of a fixed amount, so that we can share the needs we have in our old age. Meanwhile, we do not know how bitcoin will develop in the future. although we support that, and expect the price to be very high, it's still not certain. keeping retirement savings in bitcoin above 50% may be very risky.
In the current state of the banking sector, it would actually be a good idea to add bitcoin to your retirement savings. So considering this aspect, I will also add Bitcoin to my retirement savings. Because the current Fiat currency is slowly going as the inflation is going. Moreover, if we consider today, a person will get his financial freedom in Bitcoin which is not available in banking sectors. Moreover, Bitcoin will not see inflation as its price will continue to increase as the days go by, so it would be wise to follow the DCA strategy and add Bitcoin to your retirement savings.
Well, banking, fiat, and bitcoin... all have their pros and cons, they all have risks, and no one is perfect here. Don't forget that even without any proof to guarantee that bitcoin will continue to exist forever and increase in price in the future, bitcoin is still being evaluated as a very volatile and risky asset class. If you expect profits, then bitcoin is the best choice, but in terms of safety, it cannot be better than gold and real estate. My retirement savings also have bitcoin, but I diversify because I think the risk will always be there, and diversification helps me limit risk. 
Yes i would like add bitcoin to my retirement plan. But, i dont go all in to bitcoin maybe ill put 35% into it. I cant take high risk for my retirement plan so i play safe. We should consider inflation or incoming market crash or maybe war. So, always check your assets and prepare for anything.
I agree , as more people become aware of bitcoin and its potential benefits. The fact that Fidelity Investments is allowing investors to add cryptocurrencies to their 401(k) retirement accounts is a significant step towards mainstream adoption. As for the question of whether to add bitcoin to one's retirement savings, it ultimately depends on an individual's risk tolerance and investment goals. While some may see it as a high-risk investment, others may view it as a potential opportunity for growth.
In the current state of the banking sector, it would actually be a good idea to add bitcoin to your retirement savings. So considering this aspect, I will also add Bitcoin to my retirement savings. Because the current Fiat currency is slowly going as the inflation is going. Moreover, if we consider today, a person will get his financial freedom in Bitcoin which is not available in banking sectors. Moreover, Bitcoin will not see inflation as its price will continue to increase as the days go by, so it would be wise to follow the DCA strategy and add Bitcoin to your retirement savings.
Learning from some people I say that it is the smartest thing to include bitcoin in the portfolio funds retire, at a price that gets longer and longer each cycle both the lowest price point and the highest price point. There's so much potential that bitcoin has a very high return for a retirement fund that's more what you put in it today, it would be stupid of me to pass it up if I've watched and know how bitcoin does it for long term holders, Until today I still collecting bitcoin bit by bit for my retirement fund, and thankfully I'm still holding on to it.
It would be a wise decision to add bitcoin to our retirement assets. But don't depend entirely on bitcoin, bitcoin offers high returns but also very high risk, and the future of bitcoin is still a question mark. I mean, nothing is absolutely safe in this world, so we need to have backup plans, we should diversify our retirement assets with assets other than bitcoin.
Right now, I don't think about accumulating wealth for old age because I have a lot of things to take care of, and I think it's still relatively early to think about that. But I plan when I start, bitcoin will make up 40% of my retirement savings account, I think that's safe for me.
I bet that everyone will want to add Bitcoin to their retirement plan but there are some risks involved, you should know that in the near future the regulators might find answers to how to regulate Bitcoin itself, I know this could sound like it's stupid but who knows? Also understand that Bitcoin is not insured by any federal depository insurance companies which means that you have no chance of getting your money back if anything unexpected happens to Bitcoin.
A while ago, I think to myself, if there is ever going to be a decentralized insurance company that can help insure bitcoin and crypto investment, I've seen lossless and Checkdot but I am still yet to be satisfied, maybe some might tell me how IRA might be of help? But that's still a centralized entity.
A while ago, I think to myself, if there is ever going to be a decentralized insurance company that can help insure bitcoin and crypto investment, I've seen lossless and Checkdot but I am still yet to be satisfied, maybe some might tell me how IRA might be of help? But that's still a centralized entity.
Learning from some people I say that it is the smartest thing to include bitcoin in the portfolio funds retire, at a price that gets longer and longer each cycle both the lowest price point and the highest price point. There's so much potential that bitcoin has a very high return for a retirement fund that's more what you put in it today, it would be stupid of me to pass it up if I've watched and know how bitcoin does it for long term holders, Until today I still collecting bitcoin bit by bit for my retirement fund, and thankfully I'm still holding on to it.
It doesn't matter if you plan to save Bitcoin for retirement savings, it's definitely not a bad idea. One thing you should know, there is no certainty in life, how long you can survive with the assets you have in the form of Bitcoin. I mean, when you are admitted to the hospital and need big expenses, while your financial condition at that time is unstable, your only hope is in the assets you keep in Wallet. Like it or not you have to sell it even though at that time the value of the assets you have is decreasing.
It is worth reviewing this plan if you are not very wealthy. You need to underline that the very high volatility of Bitcoin makes you have to be prepared for risks. Choose investment media wisely, you can easily sell it and not reduce the value of your assets. Of course you can understand what I mean.
It is worth reviewing this plan if you are not very wealthy. You need to underline that the very high volatility of Bitcoin makes you have to be prepared for risks. Choose investment media wisely, you can easily sell it and not reduce the value of your assets. Of course you can understand what I mean.
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?
Where most people make their mistake is they don't invest early enough. The key time to begin investing is in your 20's as those contributions have the capability to grew 10 fold over a period of 40-50 years depending on when you retire. Investment accounts should be treated independently from Bitcoin investments because you can almost guarantee certain types of investments will yield you a positive return over a period 40 years. Bitcoin would almost certainly grew by some degree over the same period but perhaps it's less predictable.
That being said, Bitcoin is absolutely critical to a retirement portfolio. Don't put all your eggs in one basket, diversify. People can have varying opinions as to the percentage of your portfolio being Bitcoin, but having Bitcoin as a part shouldn't be a difficult decision to make. A lot of the traditional financial advisers I've seen recommend <5-10% which isn't enough IMO -- to each his own.
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?
great info shared! 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?
I think its is a good idea too- because when you are weak and jobless - a passive income is all you need. Many people who are good investor would think of this and would be working on the plan
I may consider adding bitcoin as part of my retirement plan but not solely surround it with bitcoin, because everything is a gamble with cryptocurrencies considering their high volatility rate and I couldn't just take that bet considering that retirement savings are supposed to last me until I die. So for the hell of it and a little sentimentality since it helped me a lot, I may own a couple bitcoins regardless of their price point by the time I turn 60, but then focus my retirement fund on fiat since I know for sure it's something I could rely on. When you're working for your retirement savings, profit isn't supposed to be your concern, it should be "Will this money last me enough till I die?" Or "Will this money be enough for my kids/inheritors to last them for a long while?"
Bitcoin is a long term investment that has good prospects, currently I am 28 years old and plan not to work at 40 years old, if I have more finances then I use it to buy bitcoin and some altcoins that have good potential in the future, I hope performance continues to improve so that at the age of 40 I have a business and I think bitcoin is worthy of being used as a retirement savings.
It seems I also have almost the same plan with you. because I also plan to be able to have financial freedom before the age of 40. so after my 40s I really want to just enjoy a more relaxed life and I have dreams of traveling the world with my family. dreams that look ridiculous but I'm serious about it. that's why I'm used to saving and investing from a young age. everything that can make money I studied. and getting bitcoin into a retirement plan looks like it would be great too. I've thought about it over and over and it looks like it's going to be good.
Bitcoin is a long term investment that has good prospects, currently I am 28 years old and plan not to work at 40 years old, if I have more finances then I use it to buy bitcoin and some altcoins that have good potential in the future, I hope performance continues to improve so that at the age of 40 I have a business and I think bitcoin is worthy of being used as a retirement savings.
It seems I also have almost the same plan with you. because I also plan to be able to have financial freedom before the age of 40. so after my 40s I really want to just enjoy a more relaxed life and I have dreams of traveling the world with my family. dreams that look ridiculous but I'm serious about it. that's why I'm used to saving and investing from a young age. everything that can make money I studied. and getting bitcoin into a retirement plan looks like it would be great too. I've thought about it over and over and it looks like it's going to be good.
Bitcoin is a very promising asset if we are patient and hold it in the long term, I regret selling bitcoin at a low price when the market was red a few years ago, at that time I had 2.5 btc and I sold it at the end of 2018 at a price of 1 btc equivalent to $4800, if I hold on until now of course I can retire and start a business.
Good choice and hope for the future if we can save bitcoin for retirement, currently I'm still working with a salary of about $ 655 per month, I bought bitcoin several times from the rest of the money because I hope to get big profits from bitcoin, unfortunately I'm still not profitable because I bought a lot when it was rising when the price was more than $ 50k and the cheapest price I bought was a month ago around $ 21k.
Due to the price volatility, I don't want to use my retirement savings to invest in Bitcoins since I deem it to be too risky. Although it has already been said that bitcoin is a good long-term investment, it is risky to include it in your plan for the next 40–60 years. Invest in something that will produce passive income, such as gold or real estate, whose values will never go down.
Yeah, a portion of my retirement funds. At such a stage you can't afford to be reckless, despite the trust btc has been able to achieve over the years there is still some level of risk,
I'm still quite young I guess and that's why most of my assets are in the form of bitcoin. Yeah, there's still the risk that we don't know what may happen on it in the future.But I'm taking it as something to be worry-free because of how I've seen those early investors in the tech scene that they've got no idea what's gonna happen on them in the future.
At least with bitcoin, we've got already the idea of the past charts that it has shown and it's very encouraging and making me optimistic on what's in it to store. In that case, it has made me have that share for my retirement fund wholly through bitcoin.
I will consider it for sure. Why not add it for retirement saving investment? Bitcoin is a long-term asset, the price tends to always grow. It is a big potential to hold Bitcoin as a retirement investment. However, don't put all the money on Bitcoin, we need to divide the retirement assets into several things. Gold, land, and Real estate are also good options for retirement assets. Bitcoin is a high-risk asset, we need assets with smaller risks, too. Diversification is the best way to optimize the chance for profits and minimize the opportunity of huge losses.
Yeah, a portion of my retirement funds. At such a stage you can't afford to be reckless, despite the trust btc has been able to achieve over the years there is still some level of risk,
If you are retired it means there is no other steady way to generate monthly income except you are able to invest your retirement fund wisely so you don't fall flat on your ass being careless.
So yeah, a small portion will be in btc and the rest will be in other investments that are less risky.
If you are retired it means there is no other steady way to generate monthly income except you are able to invest your retirement fund wisely so you don't fall flat on your ass being careless.
So yeah, a small portion will be in btc and the rest will be in other investments that are less risky.
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