Quote from: BTCevo on May 03, 2015, 06:02:45 PM

Quote from: sgk on May 03, 2015, 02:03:15 PM

Quote from: BTCevo on May 03, 2015, 01:30:57 PM

Quote from: sgk on May 03, 2015, 11:27:04 AM

Quote from: BTCevo on April 30, 2015, 04:06:49 PM

Quote from: nerFohanzo on April 30, 2015, 04:02:07 PM

That mainly depends on what number of total bitcoins you hold in your account if the amount is good enough then definitely its an best option to opt for because the value of bitcoin will be more after 20 to 25 years so it would be best to have bitcoin as a retirement account.

Actually it doesnt matter how many bitcoin that you got in total. If you want to really use it for retirement account and you want to get some profit with it what you must do is start to collecting bitcoin with all the money you got now since the price is still low

But you're assumig tha the price will always go up in future. That is just a speculation. Youi might end up having nothing after a few years. Bitcoin might be worth zero.
So you may get into a situation where you end up having nothing when you need the money most (during your retirement.)

If you're accumulating BTC for profit in young age and you invest what you're prepared to lose, that's not a big issue. If BTC ends up being nothing, you can still work your ass off to cover he expenses.
But if your retirement fund goes to zero and you're old, you're in a big trou\ble becuse you can't even work.

Nope thats not true. I am sure that bitcoin will going up. Because there are thread saying that many banks will use this kind of technology to improve the securities so until that time I think bitcoin price start to raise little by little and that make you get profit

Bitcoin ans block chain are two different things. When you say banks are going to use bitcoin 's underlying technology, you are talking about block chain. Even if the whole world starts to use block chain, it does not have any relation with bitcoin 's price.

You should not confuse block chain 's adoption with bitcoin 's adoption.

What do you mean its a two different things? Blockchain is the one who support bitcoin right? If they support bank that means they will also support bitcoin too right? If there is no bitcoin in this world so there are no blockchain too. I think they are correspond each other

Nope; you can use block chain 'technology' without Bitcoin.

Block chain is nothing but a decentralized public ledger of transactions or data. If you want to implement this technology to anything, you can do so by having nothing to do with Bitcoin. However bitcoin comes into picture if you want to use BITCOIN's block chain. But when we say banks are going to use block chain technology, it does not mean we're talking about Bitcoin's block chain. They may have their own block chain which runs on the principles of Bitcoin's block chain, but it is NOT Bitcoin.

Hell.. i can have my own block chain to record my own bits of data which is based on the principles of Bitcoin's block chain, but has nothing to do with Bitcoin and its network.