Quote from: lalabotax on Today at 09:56:08 PM

Quote from: Lida93 on Today at 05:55:13 PM

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.

I see it as a good move but it is also good for one to understand the path he is going but he start regretting that at the 11th hour. We should never take a decision for us to impress people around us to see that we are making a good us of the knowledge we have rather than looking at the risks that are involved so that we can know how we can balance it to make a perfect decision. If op know that this decision is not going to affect him when the time finally arrived even though the price of Bitcoin drop to cents.