Could you put cryptocurrency info a retirement fund?

[Shigobad2020]

Is it possible to use cryptocurrency of all kinds to invest in ones retirement fund? I would like to invest more into my retirement, and was curious to know it cryptocurrency can help my fund grow even more? What would I need to know before I get started in this?

In my own opinion, I believe using all your retirement fund to invest in crypto currency is quite dangerous for a retirement person, because its quite risky and anything can happen in the process.

 

[Trexxxy]

Why not. If you have the mind to risk it. I think you have to consider the downside of it as well. You could lose it all as well as make money. You just have to weigh the risks.

 

[Ub40]

Personally, I will not really term it as retirement fund, but I will just keep investing in crypto believing it is here to stay and for the future just as I will save for retirement. If crypto still survives till then, fine, it can still be taken as retirement fund. Just my thoughts.

 

[eLdavis]

Well its quite possible and its actually a good idea but there is one thing you should consider before thinking of doing these, which is the nature of crypto. If you are aware of the risk involved then go ahead. Using different crypto as a means of saving retirement funds would benefit you alot and at the same time it might back fire, leaving you with less that what you saved

 

[Emmy]

Though your money( I mean retirement fund) would grow with cryptocurrency but if only you can exercise enough patience for the nature. You know! Crpto is volatile in nature. You can make it.

 

[Senator]

You can use your retirement funds to invest in any investment of your choice for as long as you have done your due diligence on the authenticity of such investments including cryptocurrency

 

[Chibson]

I don't really know how possible this is but I think there are some people in the United States that does such but my country it is not possible.

 

[Alexandoy]

Oh, crypto coin is volatile in nature and even if they say it is a long term investment but I don't think it is good to rely on for the retirement. Take note that once retirement comes then there is no repeat. When the crypto vanished before retirement the it is like you wasted your retirement plan.

 

[tyrim88]

Investing some part of your retirement funds into cryptocurrencies is a good and smart move. But not just into any cryptocurrencies you see please. You must put it into a type of crypto that is best for the long term kind of investment like the Bitcoin for instance

Though the cryptocurency trade is a very volatile trading platform and should not be something one should put all his mind into,the best thing to do at the instance is to invest some amount of money that if some thing happens would not border the investor that much.

 

[Nurudeen]

I believe you know that crypto currency exchange Business comes with some kind of Volatility. What if you put your retirement funds into the business and the coin comes down. Maybe you should look for a company that can do this for you

 

[topfly007]

It would be ideal to invest a portion of one's retirement funds into cryptocurrencies. Notwithstanding, it certainly would be a bad and unwise idea to invest one's entire retirement funds into cryptocurrencies due to its volatile nature.

 

[eLdavis]

Definitely, you would grow your money with cryptocurrency especially if it's your retirement fund. But always keep your ears on ground in case there is a dip.

Lol, it would be disastrous if after retirement, and you are about to catch out only to find out there is a big dip and all your savings has gone down lower than what you invested. Investing in crypto with retirement funds is good, but risky its best you have backup plans as well.

 

[Hena101]

Sincerely speaking investing some of your retirement fund into crypto currency is a good idea because if you are patience enough it can grow to what you never expect it to grow.

 

[Nomad]

I think that's the most wise decision one can take considering the building of retirement funds. If you save money in a a bank account, the highest it can go is 2 X in 5 years, but cor crypto currencies, 2X can be within a year

 

[Mayox25]

I don't think is wise to put all of such money into cryptocurrency investment, retirement fund for matter. If any loss happens what then would such a person fall back on in retirement.

 

[Yusuf]

Doing that isn't a big deal but you need to know that crypto currency exchange Business comes with Volatility and what if you do that and you eventually lose the value of your money during retirement

 

[Dowenship]

I

Is it possible to use cryptocurrency of all kinds to invest in ones retirement fund? I would like to invest more into my retirement, and was curious to know it cryptocurrency can help my fund grow even more? What would I need to know before I get started in this?

I won't suggest that for a retiree because if the investment goes sour, that the beginning to high blood pressure... so just part of the pension should do.

 

[Chibson]

I don't it is possible in some countries, I don't personally think it is advisable to invest all your retirement money on cryptocurrencies.

 

[Filicit]

I think the right question would be saving up one's retirement plan in crypto currency which is the best way one can plan ones retirement

 

[Kingstone]

Just as much as it's lucrative to invest in crypto, it can be disastrous. With crypto coins, one may not know what to expect in the end. Besides it's only if the person has alternative means of income