Post
Topic
Board Bitcoin Discussion
Re: A bitcoin retirement plan with a disturbing length of years.
by
lalabotax
on 23/06/2023, 21:56:08 UTC
I have this colleague of mine at workplace who is a bitcoin enthusiast just like me. Often times at work when we're less occupied with our job we kind of spend such moment's  discussing about bitcoin generally. Two days ago he was telling me about his plans to start buying BTC with 20% of his salary every month for the rest of the years he has to retirement that's when he will then take it all. And based on the company total years of service he has 16 years left to his retirement.
Actually this is not a bad idea, as long as he can manage money and set it aside to invest in Bitcoin, and already understands the various conditions of Bitcoin, then there's no problem. However, this is a bit risky. However, for the long term, this will be more valuable. Even though there may be pros and cons, how big is the target time and price that might be obtained. Or by taking profits every bullrun and buying back again when it is bearish. This became one of the possible strategies he thought of.