Quote from: usekevin on November 26, 2020, 07:43:08 PM

Quote from: Charles-Tim on November 24, 2020, 07:25:22 AM

I believe employees in all countries would have this type of investment plan in a way there would be companies rendering services in which the employee would be saving 10% or more of his/her salary into retirement account. This type of investment would be tax free and I believe this is how it supposed to work in all countries. Normally, people save fiats into retirement account, and as we know that fiats are fully vulnerable to governmental manipulations which can result to fiats value depreciation/devaluation.

Bitcoin has two major advantages:

1. Privacy, in a way we can save our bitcoin unknown to theives if all creteria for safety is considered and applied.
2. Appreciative money or asset that is not at all in any form vulnerable to central authority manipulations, and completely decentralized.

Some organizations are offering this type of service now in which you can be able to save usually 10% or more of your earnings into the retirement account, some other cryptocurrencies are also offered like ether, litecoin and bitcoin cash. I believe this type of bitcoin investment plan lacks privacy, but I think it is cool as the fiat paid lacks privacy already but the main advantage is that bitcoin being a deflationary currency will be best for this kind of account unlike fiats that will still depreciate over long time period, bitcoin will only appreciate (increase in price over a long time period.

What do you people think about bitcoin retirement accounts?

Although, we should still remember that bitcoin is meant to be a privacy coin, not your private key not your bitcoin.

Ysing bitcoin as an retirement tool will be a good idea.But their may be a pump and dump in bitcoin price. Just 24 hours is enough for the bitcoin to reduced 2500$ and it happened today.So it had a advantage and disadvantage. The retired person may lose his private key with his old age. It may forced him to lose all of his retirement funds and it hurt him double.

Still a good option but I would choose an investment wherein I will be more in control of the profit, more likely real estate business to which I would be able to manipulate the profit. Unlike on sole investments wherein you will depend on the market itself to how profit will be earned. Ofcourse analysis to both instances are needed but what I am pointing out is an investment wherein you could control the loss and profit at the same time, as well as being able to boost the profit.