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?
Actually I think that's a good idea but when doing that is also advisable to make other investment aside from bitcoin investment so as to enable you hold on to your bitcoin for long term. because if you don't have any other business I mean any other source of income aside from your bitcoin investment definitely is going to affect you, because when you need money to pay for your bills you will still need to sell some of your bitcoin before you could get the money to clear the bills. even if you don't want to make other investment but at least try to set an emergency fund so that should incase of any emergency you will just make use of the emergency fund and still leave your bitcoin untouched, I think this is the only way in which one can succeed with that idea.