Quote from: Y3shot on October 01, 2024, 10:00:43 AM

Quote from: BlockExplorer24 on August 26, 2024, 08:02:36 AM

"Investing in Bitcoin for retirement? Well, that's one way to keep the faith strong! 😅 But tell the pastor that Bitcoin might be a bit too volatile for divine intervention—he might need more than a prayer to retire comfortably! 🙏📉"

Since the pastor is getting retired bitcoin shouldn't be the first plan. He is getting retired and where he normally make money from he won't be getting it again, that source is already close. It will be better for him to think about how to create income first either by doing business that can give him income everyday. If having a steady income is achieved then he can think of investing bitcoin. It does not make any sense that someone is getting retired and he is just making plans to invest bitcoin, the truth is that he is thinking bitcoin can be is next source of income or a career line to depend on.

I do agree with some of your point, if I were to retire the first thing I am looking for is definitely a stability. It would therefore make much more sense to begin with a business or something that generates daily income, as it provides security. All that being said, investment in Bitcoin may not be a bad thing, but it is not the safest for a person who depends on cash flow that would be regular. Bitcoin can turn very volatile at any moment, but as I have retired I will have so much free time to learn more about Bitcoin, and learning new things is fun, moreover if we can get some income or profit doing it.