Please help me make clear idea about how good bitcoin is to be a digital asset as we become old in the future, and this served as our lifetime asset same as pension when your retire from your current job at the age of 60.
Bitcoin is a good lifetime asset because its getting popular and its value is increasing though there are dips from time to time but after the dip, it will rise again higher than the previous highs. It may be an attractive way to invest on it for retirement but do not just depend on it because we never know what the future will be for bitcoin. Maybe another cryptocurrency would dominate its world or another technology that would be develop that will entice more investors to invest on it.
It would be better to have an alternative income aside from bitcoin like when you are still young, you will start investing on insurance or other investment vehicle that you could rely on in time when you are not able to work anymore. You can also have a business that will be manage by you or some of your trusted people as a source of income also.
You do not have to invest everything in bitcoin if you do not want it, however the temptation to do that is great since there are very few other investments that can give the profits that bitcoin can, just in this year bitcoin went up more than 300%, where can you get those profits? In a bank and their ridiculous 1% or 2% per year? It will take a lifetime to get the same results.
Bitcoin is the best investment in past 7-8 years, who invested in bitcoin made a lot of profit by now and we all know that bitcoin can cost much more. Idea about investing in bitcoins and keep them for pension is not new, I remember how some people started to do that two years ago. I'm glad that this is still popular, buying bitcoins now at this price and keep them for 10 15 years can be very profitable investment, 10 bitcoins now is around 40000 dollars, in 15 years that 10 bitcoins can worth 1 million or more, who knows!? There are risks, like with everything else but prize in the end worth the risk, and addition to that is that you can sell bitcoins in any moment, you are not tied like you can be with money in the bank.