Post
Topic
Board Economics
Re: Wasn't that good to use bitcoin as your lifetime asset?
by
MMA
on 06/12/2017, 18:13:58 UTC
making Bitcoin as a very long-term asset is a risky thing and I think it's an unwise act because Bitcoin is unstable and also it won’t be in its glory forever because it’s not impossible for something better will replace its position in future. remember when some countries forbid the use of Bitcoin. it possible many countries will release their own digital currency. You’d better prepare your next investment plan before Bitcoin falls and vanish.

For this reason it's a good idea to split your money among some different investments, but don't forget to invest into Bitcoins too. I believe most people here will have to wait a long time yet to retire themselves and until this time comes many events can happen that will affect Bitcoin's price. Not only Bitcoin's price, but our societies, economies, etc... I believe the best to do is to build our own way without trusting our future on the country's pension, in some countries like mine it's already going bad, very unstable...
Yes this will help people after the retirement life because at that time there will be no such a source of income so this coin will help them and those who are adopting this coins strategy they will live a worry less life in future and this the best way to save money nowadays and then cash out it in the time of need and I will also use it as asset so that it will help me in my old age and this will be helpful for me in future.
although bitcoin is currently giving us very good profit, Some people who do not have day job and are jobless in real life, bitcoin is giving them a very good financial support, either they have some money to invest or those who do not have any investment, but still they can earn money by proving different services, but still we cannot depend on bitcoin for lifetime assets, because bitcoin price is unpredictable and no one know that what will happen to bitcoin price in future. Although bitcoin future is looking too much bright. Because the bitcoin users are increasing from time to time and they are making bitcoin as more stronger and reliable for investment.