Post
Topic
Board Economics
Re: Wasn't that good to use bitcoin as your lifetime asset?
by
tobs
on 24/10/2017, 15:15:32 UTC
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.

I think you can't blindly rely on bitcoin to be your pension or great asset in the future. I mean, it's not a good idea to buy a bitcoin now, forget about it and access it after 40 years, because no one knows if there is still bitcoin in such future. Blockchain technology is relatively young and we already have many altcoins being created almost every day. Bitcoin is the first one, but it's not necessarily the best one. What I mean by that, is that in the future as the technology advances and develops, some other coin may become the new bitcoin and your bitcoins may become worthless after 40 years of waiting. So yeah, it's a good option to buy bitcoin now in the hope of great profits in the future, but it's important to keep up with the cryptocurrency market and other new technologies.