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?
Making use of bitcoin as a retirement plan is not a bad idea, but you should have knowledge about bitcoin first before investing so that you won’t end up losing your investment after putting your money in bitcoin. Also you should make sure you don’t invest all your money in bitcoin, always make sure you have a back up plan, invest what you know it’s not really going to affect you Incase if you lose your money. Also I will recommend you hold for a long time, holding bitcoin for few months or a year might not really be so profitable, if you are not careful, you might end up selling at loss.