Post
Topic
Board Bitcoin Discussion
Re: Bitcoin as a Retirement Bet
by
EarnOnVictor
on 30/07/2024, 10:16:22 UTC
Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?
No doubt Bitcoin is making the wave around, but one thing certain is that the future is never certain, so we should be cautious. No one has been there before, who knows if Bitcoin will not exist in the next 5 decades, why bet your future on a new thing like that? As for me, it is a matter of enjoying it while it lasts even as I trade it on futures and HODL it cautiously in my wallet. I will continue to let my actions about Bitcoin be a matter of real-time decisions by letting it reflect what my trading chart predicts.

Many things have been said of Bitcoin including the hedge against inflation but the reality today is getting different from what it was about 10 years ago, for instance. It is becoming difficult for it to hedge inflation at higher prices, so who knows what it can do to your money in the future, especially if you solely rely on it? I advise you to diversify your future investment plans and never rely only on any asset.