Good day everyone in this wonderful board!
This topic recently came through my mind and I decided to share.
We do know how Bitcoin has experienced tremendous prowess, over the past few years.
And how it has been like a pinnacle of hope to many, those who invested long ago have witnessed a more than 200% growth and more since it's inception.
My idea is , since one is coming from a country like mine where there's hardly any good retirement plan for those who plan on retiring, then is it really ideal to buy Bitcoin as an asset and hold for Good returns despite it's volatility.
Although it might take time to witness a tremendous return.
But is this really an ideal idea?
Every statistic says that Bitcoin investment is an excellent step for a retirement plan. Many people who invested in Bitcoin in the early days, are retired now. Btw I assume that you are young and plan to prepare for your retirement earlier, I'd suggest you to not invest 100% of your money in Bitcoin because you never know what's going long-term. Maybe everything is going well and you'll benefit a lot but you have to be very careful about retirement because if things don't go as planned, you might be forced to work longer than expected. In my country, there is no retirement plan and people have to work in their 70s and sometimes 80s.
I suggest you to have multiple assets in your portfolio. Invest some money in Bitcoin, another part in one or two altcoins, another in stocks or elsewhere. If you have the financial ability, I suggest you to invest in real estate because it's the most stable and also normally profitable investment. Real Estate price always increases. If apartments are cheap to buy in your country and loan interest rates are low, then think about buying a house and then renting it when you are old. There are some agencies everywhere that take care of your apartment, you can also use insurance.