Yes, accepting Bitcoin in a retirement savings account is a form of the DCA method from my point of view, but I see that 50% of retirement savings in the form of Bitcoin will be very sufficient given the risks I take, not because of my fear of a drop in the price of Bitcoin, but because of the possibility of theft or loss of the wallet pertaining to retirement.
I think that it will be a good way to have a comfortable retirement, in addition to that we can pass it on to our children after our death, so that they have good capital to start their own projects.
Topic: Would You Consider Adding Bitcoin to Your Retirement Savings - page 9. (Read 1100 times)
do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?
Retirement is still some years from now and considering the movement of bitcoins and how it is expected have an increased value, I will consider and love to add bitcoins to my retirement savings and I think 50% is good, so I do not go all in and at the same, not all out. Any strategy and method that can put bitcoins in a wallet consistently is a form of DCA method. But as I consider 50% bitcoins for retirement, I will also consider security so that half of my retirement savings do not get stolen by thieves, if that happens, retirement will be hard and full of regrets.50% will be good enough or a bit lower depending on our priorities but as for me, having Bitcoin as our retirement savings will always be a wise idea. The risk is, we still don't know how far Bitcoin would take when our retirement comes or if its price is still a reasonable value for retirement savings. Well, we only have yo trust Bitcoin and just trust its capability. Having Bitcoin even during our retirement days will be a good foundation because we can still have a passive income by grabbing crypto opportunities using our savings as capital.
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Might consider a bit of both. I mean it would not stop me anyway from doing the traditional way of doing retirement savings anyway, and I already had IRA in my mind when I received my first paycheck. Having a little bit of Bitcoin as my retirement savings is going to be beneficial either way. It is a saving regardless. For the degree? Those percentage are quite high if you would ask me. Just like others mentioned, >10% is quite high in my own end. It might be okay with others, but not for me.
Yep,I will love to add bitcoin to my retirement savings but just 10%. It is total wrong to believe in bitcoin for your retirement savings because you can be disappointed at old age due to the volatile nature of bitcoin, because nobody knows tomorrow.
I would prefer the old tradition way for retirement savings. If you are working in a good company and you are been paid,it is good that you split the money and invest it in other valuable assets, so that you don't lay all your eggs in one basket, because it can bring regrets to you at old age. Saving in bitcoin is a good initiative but don't put all your hope in it.
Yes, always consider out that risk management and its always been that ideal that you should really be that mindful in towards into your decisions and mindset specially about retirement plan.I would prefer the old tradition way for retirement savings. If you are working in a good company and you are been paid,it is good that you split the money and invest it in other valuable assets, so that you don't lay all your eggs in one basket, because it can bring regrets to you at old age. Saving in bitcoin is a good initiative but don't put all your hope in it.
10% allocation wouldnt really be that bad and as long you dont go all in on something that is risky then you should be fine, although there are people who are really that loving on
trying out to risk on something which doesnt give out assurance.
Well, since its your money then it is really that your right on how to deal up with things.You do know on whats wrong and whats bad after all.
do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?
Retirement is still some years from now and considering the movement of bitcoins and how it is expected have an increased value, I will consider and love to add bitcoins to my retirement savings and I think 50% is good, so I do not go all in and at the same, not all out. Any strategy and method that can put bitcoins in a wallet consistently is a form of DCA method. But as I consider 50% bitcoins for retirement, I will also consider security so that half of my retirement savings do not get stolen by thieves, if that happens, retirement will be hard and full of regrets. 
Yep,I will love to add bitcoin to my retirement savings but just 10%. It is total wrong to believe in bitcoin for your retirement savings because you can be disappointed at old age due to the volatile nature of bitcoin, because nobody knows tomorrow.
I would prefer the old tradition way for retirement savings. If you are working in a good company and you are been paid,it is good that you split the money and invest it in other valuable assets, so that you don't lay all your eggs in one basket, because it can bring regrets to you at old age. Saving in bitcoin is a good initiative but don't put all your hope in it.
I would prefer the old tradition way for retirement savings. If you are working in a good company and you are been paid,it is good that you split the money and invest it in other valuable assets, so that you don't lay all your eggs in one basket, because it can bring regrets to you at old age. Saving in bitcoin is a good initiative but don't put all your hope in it.
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?
I consider bitcoin part of my savings for a potential early retirement, but it is a mistake to invest in bitcoin through the government and their official channels, in my opinion there is no way for the pensions to be payed as the population is aging and as they retire they are not being replaced by more workers and at some point the system will collapse, so it is important to have an alternative planned in the case this happens during out lives and I think bitcoin is a good enough option to take on this role. 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?
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?
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. It could become under 20k or over 30k tomorrow and it would not change anything for me considering I am investing for retirement. Having a retirement fund in itself is a luxury these days, so many people are living poorly that they don't even have any retirement fund.
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.
I completely agree with you here, because regardless of the "good intentions" of those who manage pension funds, the question is who will live to enjoy their retirement, and the even bigger question is whether it will be sufficient for a normal life. Most of the pensioners in my country live below the poverty line, and I don't believe that in 20-30 years the future pensioners will live better - that's why we stick to what is the only truth "your keys, your coins".
In addition, we already have failures when it comes to pension funds investing in "crypto" and some teachers in Canada are certainly not happy that the fund "made it possible" for them to lose as much as $95 million.
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I can't imagine what would have happened to those investors if they saw the price of bitcoin, which was at its highest this month, then saw its price plummet the following month. Surely there will be many investors who are not ready for it and are very worried about the decline.
I prefer investing using the DCA method using a small salary instead of using the pension fund. When I retire later, I can use the pension fund to start investing in crypto and add it to my portfolio. Besides that, maybe we also can't withdraw the pension fund or sell the bitcoins we have at any time and it's different if I use my own way.
I prefer investing using the DCA method using a small salary instead of using the pension fund. When I retire later, I can use the pension fund to start investing in crypto and add it to my portfolio. Besides that, maybe we also can't withdraw the pension fund or sell the bitcoins we have at any time and it's different if I use my own way.
Crypto is not stable even its a bitcoin, I know that investment in Bitcoin lead to greater generation of your cash but its also contain some uncertainty. I have a strong believe that a person should not put large income into it because first issue is that there is uncertainty and second issue is that you will need some money in daily uses so if you put it in Bitcoin or other coin coin how you will manage daily uses there is a possibility that your income become double but on other side there is also a chance of facing some trouble because of which your money will reduces.
25 percent of money should be invested in Bitcoin and remaining amount should be saved personally if this 25 percent makes profit for you then get the profit and use again this 25 percent for saving in bitcoin. So in my opinion it is a wise idea to participate in trading with little amount and make greater amount in crypto by using this minimum sum.
25 percent of money should be invested in Bitcoin and remaining amount should be saved personally if this 25 percent makes profit for you then get the profit and use again this 25 percent for saving in bitcoin. So in my opinion it is a wise idea to participate in trading with little amount and make greater amount in crypto by using this minimum sum.
From my perspective, I feel that retirement investment mostly as concern investment in cryptocurrency, should start at a certain age.
If one has an estimated idea of when it will be good for them to retire, it would be wise to then invest long-term, let's say 5-7 year in cryptocurrency. A suitable strategy I am confident in for now is DCA.
It is also adviced one gets to do a thorough research and read up on cryptocurrency and the exchanges involved before making such a decision, so as to have a good idea and be conversant with what suits their crypto investment plan best.
If one has an estimated idea of when it will be good for them to retire, it would be wise to then invest long-term, let's say 5-7 year in cryptocurrency. A suitable strategy I am confident in for now is DCA.
It is also adviced one gets to do a thorough research and read up on cryptocurrency and the exchanges involved before making such a decision, so as to have a good idea and be conversant with what suits their crypto investment plan best.
Bitcoin in my retirement savings plan is a no-brainer. I believe bitcoin has long-term potential and use it to diversify my retirement portfolio beyond stocks and bonds. I would consider allocating 25–50% of my retirement savings to bitcoin, but going all-in is unwise.
Bitcoin in a retirement savings account fits the DCA strategy. DCA, which involves investing a fixed amount at regular intervals regardless of market conditions, can be executed by periodically adding bitcoin to a retirement savings account.
I'm also confident with bitcoin as my retirement savings plan. I've got a huge chunk on it and I know that it will be a life time opportunity just as what it had done to most of us.Bitcoin in a retirement savings account fits the DCA strategy. DCA, which involves investing a fixed amount at regular intervals regardless of market conditions, can be executed by periodically adding bitcoin to a retirement savings account.
Since it's started changing everyone's life, I'm not sure why others are still doubting it despite the fact that they've used it not just for transfers but mainly as an investment/asset.
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?
If you look at the question in the title of this topic, "Would you consider it?" This means that this is a very simple question, with each person's consideration before giving the answer. Because if a retiree is willing to consider Bitcoin into his savings, it means he is very ready for the risk and will not mind how long he will save the Bitcoin. Because maybe he just saves Bitcoin to give to his children and grandchildren when they grow up and he also doesn't feel sorry if he doesn't have time to enjoy the results of his own savings. Because usually people who have retired from their jobs only think about eating daily and taking very good care of their health, while the more money they get from the pension salary will still be saved in whatever form it is.
Bitcoin in my retirement savings plan is a no-brainer. I believe bitcoin has long-term potential and use it to diversify my retirement portfolio beyond stocks and bonds. I would consider allocating 25–50% of my retirement savings to bitcoin, but going all-in is unwise.
Bitcoin in a retirement savings account fits the DCA strategy. DCA, which involves investing a fixed amount at regular intervals regardless of market conditions, can be executed by periodically adding bitcoin to a retirement savings account.
Bitcoin in a retirement savings account fits the DCA strategy. DCA, which involves investing a fixed amount at regular intervals regardless of market conditions, can be executed by periodically adding bitcoin to a retirement savings account.
In the country I live in, majority of workers are not familiar with retirement savings being handle by some institutions even though they exist. In the article which the OP talked about, it is mentioned that anyone who wants to have their retirements savings in bitcoin may have to get consent from their employer. And I wonder, what if the employer doesn't consent to it? That being said, how I think about this is that an individual's retirement funds should be spread across various portfolios. It should include, bitcoin, stocks, real estate, precious metals etc. The caution here is to not put all your eggs in one basket as you can never know what lies ahead. So for me an 25% of my retirement savings is already going into my retirement savings and I don think about another dollar cost average method is not this.
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?
Adding bitcoin to your retirement account is an interesting idea, but at this point in time I would probably not do it. As far as I know in my country there is not yet an option to add bitcoin to your retirement savings. There might some specialised insurance company focusing on it. The government retirement money in my country is not invested though, it's being paid out directly each year. When it comes to retirement money I think that we need to focus on very safe investment that have no real chance to lose money, that is why I would stay away from stocks and other risky assets. Once we look at our retirement fund as a very safe investment, we can use our own savings account to start trading more aggressive. Everybody can buy bitcoins for themselves, we don't need an insurance company to do it for us. The benefit of us buying cryptos directly is that we are in charge and we can sell and buy more when we feel the market is in our favour. Assuming that the longterm trend of bitcoins is upwards, then any retirement savings account is a DCA method on bitcoins. The only problem is that there is no option to sell any coins over a long period of time.
I would love to, but unfortunately I will not do it.
I'm still at my mid-20's, and I'm very far away from retiring. I might prefer investing into different stocks that gives dividends overtime rather than just holding Bitcoin as my retirement savings.
The fact that Bitcoin is too risky and a very volatile asset is the reason why I will not considering it. At the moment, I'd consider investing into stock market more for the long run than into Bitcoin, or maybe I might hold a specific amount of Bitcoin for let's say a decade or 2 or even 3 I guess.
I'm still at my mid-20's, and I'm very far away from retiring. I might prefer investing into different stocks that gives dividends overtime rather than just holding Bitcoin as my retirement savings.
The fact that Bitcoin is too risky and a very volatile asset is the reason why I will not considering it. At the moment, I'd consider investing into stock market more for the long run than into Bitcoin, or maybe I might hold a specific amount of Bitcoin for let's say a decade or 2 or even 3 I guess.
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?
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?
Yes, it's a good idea and it should be not less than 50%. Ok, if you're planning to retire soon than maybe less (20-25%?). Let me remind you that the biggest Bitcoin gains come from hodling and retirement account is exactly that. So, if your retirement will happen, say, 20 years from now it doesn't matter will it be a bottom or ATH - you will receive significantly more than you initially invested.
If I were a retired employee in a company or government agency and had knowledge about Bitcoin, of course, I would not hesitate to invest in it.
50% that I will get from retirement savings will go to my bitcoin purchase and I will hold it for 5-10 years or depending on the future value of bitcoin especially since the bitcoin halving is closed again to happen, and I will not regret it I'm sure to myself.
50% that I will get from retirement savings will go to my bitcoin purchase and I will hold it for 5-10 years or depending on the future value of bitcoin especially since the bitcoin halving is closed again to happen, and I will not regret it I'm sure to myself.
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