What do you think about making bitcoin your pension plan?

[aoluain]

In my country pension plans are a scam. For the first 5 to 10 years if you start early
your payments into that plan are literally to pay the commission for the provider.
Once you start you really cannot stop, if you do you wont get back what you put in.
You cannot access the funds until a certain age.
You are trusting some other institution with the management of those funds.

Ok Bitcoin was never designed to be a pension plan but here we are and the value is
significant enough to make it worthy.

There is one thing for sure I prefer the idea of having a stash of Bitcoin that I can
access at my choosing or when the necessity arises (regardless of the market price)
This to me is better than paying into a fund for 40 years that you might be able to
acces for only a couple of years after or actually not making it at all, or having a stash
of FIAT that you cannot access if a real emergency arises.

[ruykeri]

To use Bitcoin as a pension plan, you need to invest with a long-term mentality according to the right plan. In this case, the most important thing is the financial condition of the investor. If the investor has a strong cash flow, he has extra money as discretionary income beyond his expenses. With that money, he should invest regularly with a long-term mindset. You should start with a 4 to 10-year investment plan. The time can be increased based on the situation and age. Later, the holding of Bitcoin should be taken to a level where he can sell some Bitcoin monthly and continue in his later life where he does not need to work for income. In this way, Bitcoin can be used as a pension. In the case of long-term investments, if there is no strong regular discretionary income, no backup fund, and there is a possibility of panic selling when the price of Bitcoin is low or high, then the plan to invest for a long time may fall apart.

[BALIK]

That's exactly the reality. No matter how promising bitcoin at the present, and majority are seeing it as a future retirement, but IMHO, there is no guarantee that bitcoin will be more valuable in the future.

What we have are just pure speculations and predictions, but there is no 100% certainty there. But we're lucky if we managed to start buying and hodling bitcoin now and witness how it reached its new all time high multiple times, although there is no real assurance and high reliability that this will happen in the near future.

As Ambatman said, only death is certain. Nothing else in this world is 100% certain or guaranteed. Everything carries risk, and even asset that are thousands of years old and considered safe, like gold and silver are no exception. However, these risks are very rare and the probability of them occurring is extremely low. Therefore, we should not worry too much about them and let them become barrier that cause us to miss out on rare opportunities in life.

If we exclude rare risk that are beyond our control, it is clear that Bitcoin remain the most promising asset. Therefore, feel free to invest in and hold Bitcoin for the long term, the same way people have long invested in and trusted gold

[m2017]

Generally everyone knows youthful age is a space of time used to build wealth for future purposes because reality states that everything new must grow old, so as human
This is to say that age is a crucial thing for us all, because at our old age we can no longer do strenuous businesses and also multitask thinking  so gathering for old age is a must watch for all humans, having savings and reserves for tomorrow is what everyone is looking forward to

I believe that bitcoin is a good alternative to the traditional pension system (if you don't lose your savings to social engineering scammers by the time you retire) because the pension system is no longer coping with its functions (the retirement age is being increased due to the declining working-age population and the aging of the older generation, i.e., the "bubble" of this system will inevitably burst - less money is accumulating, which is spent on calculating pensions).

This brings my mind down to bitcoin and its growth because since I knew bitcoin it was worth noting, then I had no positive knowledge about bitcoin, now bitcoin has a staggering $95K market value and it is growing nonstop everyday it brings me to the point of realizing my mistakes of not acquiring as much bitcoin as I could, the time no one including myself didn't believe satoshi will become the lord of the highest coin in the coin technology, this is a tittle from me though
Talking about making bitcoin your pension plan from my experience with bitcoin I've seen it change into different prices within a few years,

So, what's the bottom line? Have you already started building your BTC-pension or are you still dreaming about it?

My concern is with the rise of local commodities rising,  the value of fiat dropping rapidly, most importantly war's everywhere one might endure a tenure of war and anything it may be because no one knows what will happen tomorrow but one thing is certain, bitcoin price must surely skyrocket and you can choose to find peace and be king anywhere you wish as long as you own bitcoin.

Bitcoin is a great tool for quickly and easily transferring "valuable" assets from one location to another in unforeseen circumstances

You'll be the king of bitcoin only in countries where you can easily convert these assets into local currency (without a bitcoin ban).

[davis196]

Diversification is the best strategy when it comes to pension plans. Putting everything into Bitcoin seems too risky to me. I don't know what would happen to Bitcoin after 5 or 10 years with all the AI, AGI and quantum computing stuff. Pension plans are supposed to be focused around long term investing, by long term I mean 20-30 years in the future. I really don't know if I'm going to survive 35 years for my retirement.
I will keep at least 20% of my savings in BTC, but I would most likely change my mind and sell the BTC, if something extreme happens on the global markets.

[abaeze]

Bitcoin is a good prospect for the future, if someone invests regularly for future financial security through long-term investment, then it can certainly be a strong protection but depending on only one thing for protection seems to me to be a wrong decision. Because nothing works forever in this world, so you always have to keep some alternatives in your plans. The price of Bitcoin will continue to increase little by little for the next 20-30 years but no one knows for how long it will benefit people. However, since inflation and currency devaluation have emerged around the world, people are now losing faith in fiat currencies and are using digital assets as a plan-B. So it is an expression of long-term prudent thinking.

[Minor Miner]

Diversification is the best strategy when it comes to pension plans. Putting everything into Bitcoin seems too risky to me. I don't know what would happen to Bitcoin after 5 or 10 years with all the AI, AGI and quantum computing stuff. Pension plans are supposed to be focused around long term investing, by long term I mean 20-30 years in the future. I really don't know if I'm going to survive 35 years for my retirement.
I will keep at least 20% of my savings in BTC, but I would most likely change my mind and sell the BTC, if something extreme happens on the global markets.

It is not just Bitcoin, putting all your money into a single asset always carries risk, no matter what that asset is. Diversification is the solution and it is something we should do.

When it comes to retirement planning, we should focus more on the security aspect than on profit. Because if a major incident occurs during retirement, a period when we are no longer able to work and do not have time to correct mistakes. That would lead the rest of our live into a dead end.

I agree, putting 20-30% of your saving into Bitcoin make sense.

[fikrett]

Bitcoin is a good prospect for the future, if someone invests regularly for future financial security through long-term investment, then it can certainly be a strong protection but depending on only one thing for protection seems to me to be a wrong decision. Because nothing works forever in this world, so you always have to keep some alternatives in your plans. The price of Bitcoin will continue to increase little by little for the next 20-30 years but no one knows for how long it will benefit people. However, since inflation and currency devaluation have emerged around the world, people are now losing faith in fiat currencies and are using digital assets as a plan-B. So it is an expression of long-term prudent thinking.

First things first - it's your job that feeds you.

Without it - there is no investment. No safety. And no stability - too.

[boyptc]

Just follow this strategy of how and when you're going to sell.

JJG's outline --> https://asktom.cf/index.php?topic=5376945.0

It's not different from the plan of selling and using bitcoin as your pension plan. You have a timeline of when you're going to sell and how much you'll have to.

I agree, putting 20-30% of your saving into Bitcoin make sense.

And when you're ready to sell that in the right time, you'll have to sell it in batches.

[bubilas]

Generally everyone knows youthful age is a space of time used to build wealth for future purposes because reality states that everything new must grow old, so as human
This is to say that age is a crucial thing for us all, because at our old age we can no longer do strenuous businesses and also multitask thinking  so gathering for old age is a must watch for all humans, having savings and reserves for tomorrow is what everyone is looking forward to
This brings my mind down to bitcoin and its growth because since I knew bitcoin it was worth noting, then I had no positive knowledge about bitcoin, now bitcoin has a staggering $95K market value and it is growing nonstop everyday it brings me to the point of realizing my mistakes of not acquiring as much bitcoin as I could, the time no one including myself didn't believe satoshi will become the lord of the highest coin in the coin technology, this is a tittle from me though
Talking about making bitcoin your pension plan from my experience with bitcoin I've seen it change into different prices within a few years,
My concern is with the rise of local commodities rising,  the value of fiat dropping rapidly, most importantly war's everywhere one might endure a tenure of war and anything it may be because no one knows what will happen tomorrow but one thing is certain, bitcoin price must surely skyrocket and you can choose to find peace and be king anywhere you wish as long as you own bitcoin.

Bitcoin is becoming highly volatile and drops whenever Trump posts pictures of Greenland on his Twitter. This is clearly not a good sign for investing all my retirement savings in cryptocurrencies, despite my crazy love for them.  It's also difficult to calculate how much money I'll need for retirement. I thought it was half a million dollars, but then I realized that if I have a family and children, I'll need three times that amount. It's all so complicated. Gold is rising in price, indicating that the world is currently unstable due to geopolitics and trade wars, and apparently millionaires want to weather all the difficulties by investing in gold, and silver too.  It's surprising that Ethereum is currently rising in value.

[Rabata]

For financial security in the future, everyone should do something so that they do not face financial problems when they grow up. Almost everyone knows about investing in Bitcoin today. There are some who invested in Bitcoin long ago but for whatever reason could not invest. With the current price of Bitcoin, if you start investing from here, it is definitely possible to own a large asset in the long term. If someone wants to invest a large portion, that is also possible, and if you can reduce the risk, that is, by doing DCA, and make long-term investments regularly, it is also a good step.

The inflation rate is gradually increasing. For your financial security in the future, I think Bitcoin is a good choice because if you hold fiat money for a long time, it will lose value, and if you hold Bitcoin, it will continue to become more valuable. The price of Bitcoin will continue to increase in the future, which I think will be the best for financial security.

[YOSHIE]

What do you think about making bitcoin your pension plan?

While you are healthy, why don't you make good use of Bitcoin, when you retire you should have enjoyed your old age and rested in peace and enjoyed your life in prosperity, Without dealing with Bitcoin anymore, you have to understand that Bitcoin plays with the network, internet and digital/crypto markets, you have to understand all the risks that will occur.

Of course you don't want your retirement to live in trouble, remember Bitcoin has no physical properties and cannot be sold on the free market like you sell at the mall. There are no guarantees for you if you choose Bitcoin as your retirement plan, consider the risks, my advice is to use Bitcoin well as long as you are strong and healthy.

[snowpega]

Hate to burst your bubble or be a bringer of bad news
But nothing is really certain except maybe death.
There's no assurance that it would always rise just a possibility closer than it falling.

Though I support planning for the future but what's the future if today isnt taken care of.

Yup, there is no doubt in this, like there is no such thing that makes us 100% sure that Bitcoin will keep getting more attention day by day or gain more appreciation in the long run. But I believe that it is safe for the coming 10 to 20 years (DYOR), and I can not say anything being overconfident about that. Because maybe till then, there will be much better assets or things come that will be better than bitcoin, but for now, it is better from majority of the assets I know.

Because if we go back in time in our imagination, haha, that time was the same as we are talking now, nobody knew that one day bitcoin would reach 126k as its peak value, and I would say the same for that nobody still doesn't know so surely or accurately what will happen in the future. Like will stay on such a reputation that it has gets in today time or it will be replaced by some other assets of that time. What do you think about it?

[Nothingtodo]

Of course, everyone is deeply concerned about what they will do in their old age. I am also always concerned about what they will do in their old age and what their security will be. Especially when I get older, I will have Bitcoin holdings in addition to my bank balance. If you keep money in the bank, the value of the money deposited in the bank may decrease due to inflation, but if you hold it in Bitcoin, Bitcoin will never inflate against the dollar.  When I reach old age, that is, about 20 years from now, if the price of Bitcoin reaches a million dollars, then Bitcoin will definitely act as a pension asset for me and give me a huge amount of profit.

[EarnOnVictor]

but one thing is certain, bitcoin price must surely skyrocket and you can choose to find peace and be king anywhere you wish as long as you own bitcoin.

I think you sugarcoated this, a lifetime savings/investment that will impact your future must be carefully thought through. Frankly, Bitcoin in 2011 is not Bitcoin now, it has grown, and not even Bitcoin in 2015. All those years, you could still buy your Bitcoin and make some insane profits from it, which could be 30 times or more, and it keeps growing hugely yearly to the point that it would get to some future years that you would easily have over 100x of your capital.

Is that possible again? I don't even see Bitcoin going below $45K again. Now, imagine someone bought it at $90k, how much do you think it can generate at $500K? How many years would it take...and so on? These are the questions we should ask. For me, I prefer smart investing in Bitcoin now, and all my plans are for the near future, and not for the long-term retirement.

[Sim_card]

I plan to buy and build my bitcoin portfolio till I can no longer work before I will start thinking of when to sell part of it gradually at old ave. However, having other means of income like a business is good so that when you rwyire, you can use the business to take care of yourself and your bitcoin investment becomes the secondary.

[Judith87403]

The idea of getting prepared for the future is where Bitcoin fits in, as a result of its scarce, portable, and independent of governments that continue to weaken fiat money.  Over the time,   patience has rewarded far more than short term guessing. Haven said that, referring to it as a guaranteed pension is risking thinking. Bitcoin is volatile, and no asset just goes up in a line that is straight. Wars, policies, and market cycles may affect price for few years, even when the long term trend remain strong. A wiser view is Bitcoin as a long term saving technology, instead of blind faith. It provides financial freedom and optionality, yet discipline, time and expectations that is realistic matter just as much as belief.

[Findingnemo]

Adding bitcoin into one's portfolio is a smart decision because it grown from nothing to 100K in the 17 years so imagine how much it will be in the next 30 years but you can't say I am going to keep bitcoin as my only saving plan for my reitrement which can be risky move so just add into your portfolio along with other possible assets like gold, stocks, real estate.

[Cookdata]

To use Bitcoin as a pension plan, you need to invest with a long-term mentality according to the right plan. In this case, the most important thing is the financial condition of the investor. If the investor has a strong cash flow, he has extra money as discretionary income beyond his expenses. With that money, he should invest regularly with a long-term mindset. You should start with a 4 to 10-year investment plan. The time can be increased based on the situation and age. Later, the holding of Bitcoin should be taken to a level where he can sell some Bitcoin monthly and continue in his later life where he does not need to work for income. In this way, Bitcoin can be used as a pension. In the case of long-term investments, if there is no strong regular discretionary income, no backup fund, and there is a possibility of panic selling when the price of Bitcoin is low or high, then the plan to invest for a long time may fall apart.

Pension amount depend on where you work, the kind of work you do and how viable your company is towards pension funds. If you work in a company that doesn't value your pension, after your retirement I don't think buying Bitcoin will be the next thing you will be talking about but a sustainable way of making money. If you retire which most people do when they get old, you will likely earn lesser amount of money you were earning as full salary. You may not be able to even afford the things you do have before retirement.

You should not invest when you are old already, why not do it now that you are still young, now that you are earning good amount of money and have extra cash around. You are meant to spend your old age enjoying the fruit of your investment. Why make a new investment you are not used to when you are younger. Please to OP, check the condition of whoever you plan to make a Bitcoin investment for, don't use pensions from old men to buy Bitcoin unless they asked you due to their health concerns, old people exhibit hidden illness you may never know.

[Z-tight]

I believe you should call it a retirement plan. Yeah it is great to save BTC and accumulate it through dca for the future. However, as far as a pension plan is concerned, you'll get that from your place of work in real life and you ought to have one. Simply because you cannot get that pattern of payment with BTC.

If you are worried about inflation and you believe that the low risk investments made with pension funds wouldn't cut it for you in retirement, then it is smart to start buying BTC with a small percent of your salary and hold it for the future. It is a good bet in my opinion.