Quote from: ufaiz50 on June 17, 2017, 04:44:37 AM

Quote from: TomUyamot on June 17, 2017, 01:40:11 AM

Quote from: iamTom123 on June 06, 2017, 09:48:00 AM

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

If you currently have it now, don't just set it aside for your retirement. If I were you I'd be trading cryptos and earn a decent income in return.

With bitcoin's volatility in value, there is actually no assurance that a couple of decades from now, bitcoin will still be the same high-valued asset that we have now.

I think it would be more prudent to invest in land or business, less risky business if you want.

it's true. bitcoin is too risky to be a retirement savings even though many say bitcoin the longer it will grow longer but we really don't know what happens in the future. at least as long as you are still productive and can still work you must make more money because 1 bitcoin is too small.

Exactly we cannot depend on bitcoin for retirement as we never know what will be the price of bitcoins in future and if have saved more amount of bitcoins and if price crashes or bitcoin disappears then we will be left with nothing in hands at older age and at that time it will be very hard to find any other source of income.