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Could you put cryptocurrency info a retirement fund?

  • Thread starter Thread starter Grant
  • Start date Start date
Kingstone said:
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
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This is not really the case , positioning yourself right in the cryptocurrency world will go a long way in preparing you for the future that cryptocurrency will bring to the world.
 
The use of crypto currency as an acceptable form of payment is a gradual process across the world. Most countries are yet to accept crypto, some banned it on their country while the rest is just looking out for what will become of crypto in time to come. So, it's too early to do that.
 
Chizfab said:
The use of crypto currency as an acceptable form of payment is a gradual process across the world. Most countries are yet to accept crypto, some banned it on their country while the rest is just looking out for what will become of crypto in time to come. So, it's too early to do that.
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I think I completely get your point, There is no much need in investing on something that you are not sure of it's faith or outcome in the near future. But it's still not a bad idea to invest a little as long as you know what you are going into though.
 
It is very certain that most of the pension fund companies are going to reject cryptocurrency as part of the requirements you want to pull down for the scheme. You can make some enquiry about this.
 
I am not only investing in cryptocurrency for my retirement age but for the future of my unborn children. Because I know crypto is the future coin
 
I think it is a god idea to keep crypto currency in your retirement fund. But you will have to choose carefully the currency you want to pub on your retirement funds. You need currency that is trustworthy and has a lot of use case.
 
If you mean could you use your money to invest in cryptocurrency so you have something to fall back on, I'll say yes.
The cryptocurrency space is only just starting to gather momentum - there's more to come.
Investing in coins like Bitcoin, Ethereum and co would be profitable in the long run.
 
Yes I am very sure you can try it and earn passive income with that,or rather you can get a good coin that has bright future and invest on it.
 
Yes I can do it as long as I have invested a large and reasonable amount of money in cryptocurrency. I can just consider it but I believe this will be much more suitable that we also have to make an arrangement to convert some of the cryptocurrency we are using to usdt when there's increases in the price.. .
 
As good as cryptocurrencies are, one needs to be very careful when using it as a means of investment. Cryptocurrencies are very volatile in nature as they tends to decrease in value without prior warnings. Putting cryptocurrencies in your retirement fund is a risky thing to do.
 
In my country, crypto currency is illegal. However, a lot of people expect that government will legalize crypto in future, if that really happens it will be a wise decision to save cryptos in your retirement funds.
 
Yes, I think it is possible to invest your cryptocurrency into your retirement fund as this will yield a lot of returns over time, and by the time of your retirement, you will have so much benefits.
 
At the moment there is not a clear path for cryptocurrency and no one knows how it is going to look like in the next 10 years. I advise that you should put only a portion of your money into it.
 
As beneficial as cryptocurrencies are, they must be used with caution as a source of investment. Cryptocurrencies are extremely volatile in nature, as their value drops without warning. Investing in cryptocurrency in your retirement account is a dangerous move.
 
Anyway, Crypto IRA falls under the umbrella of self-directed IRAs, retirement accounts that allow you to invest in alternative assets like cryptocurrency, real estate and physical gold. ... The short answer is that crypto can play a part in your overall retirement plan but not the entirety.
 
IamDozzy said:
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.
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It is by the end of the way a risky investment as you could win or lose at the same time so to invest with much precaution to avoid any unsatisfaction.
 
I cannot put cryptocurrency into my retirement plan fund. The reason is that cryptocurrency is unpredictable. The price of the coin you invested in can go up today and go down the next day. I will rather invest my money into real estate property as this will give me some level of control on the amount I can make.
 
Yeah I would put it. I wouldn't hesitate because truth be told, they're digital assets in the real sense of it and if you're able to spot great projects, you'll definitely be in profits.
All you need do is to do your research well.
 
If the company saddled with the responsibility of managing the pension scheme decided to receive payment in cryptocurrency, then , it will be very possible. Without this, it wouldn't not be possible.
 
Most government don't recognise cryptocurrency and because of this it might really be very difficult to link it with the government. In Whatever you are doing with cryptocurrency it should only be out of the government because most government wants like to associate with it.
 
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