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Is crypto a good investment for retirement?

  • Thread starter Thread starter Imran_Noori
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Imran_Noori

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Many people treat crypto as a great investment for long term and they often see fundamental analysis of a coin because they want it to be profitable in long run and be a great income source for their retirement.

Is crypto a good investment for retirement?
 
I think crypto is a good investment to retire. However, it is also too risky to depend on crypto because of the volatility of the market. Therefore, you should minimize your risks by investing in other markets as well.
 
Cryptocurrency is a highly volatile asset class and its value can fluctuate greatly in short periods of time. It is not a stable source of income, making it an unreliable investment for long-term goals such as retirement. It's important to diversify portfolios with more stable assets.
 
Well, I would not advise a retiree to invest in crypto. I would rather tell the retiree to invest in something else
Imran Noori said:
Many people treat crypto as a great investment for long term and they often see fundamental analysis of a coin because they want it to be profitable in long run and be a great income source for their retirement.

Is crypto a good investment for retirement?
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Why not because over a length of time we can expect good profits and we have all seen how the value has risen so it's a very good option for retired folks.
 
Salt said:
Why not because over a length of time we can expect good profits and we have all seen how the value has risen so it's a very good option for retired folks.
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And it has even make a lot of people rich so it is a very good investment
 
Don't even think of investing your retirement funds in crypto. The volatility of it can wreck you in one swoop.
 
Nsikan said:
Don't even think of investing your retirement funds in crypto. The volatility of it can wreck you in one swoop.
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That is true
You should just invest a spare money into cryptocurrency
That is the best thing to do
 
Well this question is a bit relative although if we look at the growth of large cryptocurrencies such as Bitcoin, Litecoin, Ethereum etc have grown exponentially, there are many that do not say the majority, they are too volatile and many do not meet expectations, so there are very few that could survive and give you good returns for your retirement
 
riberet19 said:
Well this question is a bit relative although if we look at the growth of large cryptocurrencies such as Bitcoin, Litecoin, Ethereum etc have grown exponentially, there are many that do not say the majority, they are too volatile and many do not meet expectations, so there are very few that could survive and give you good returns for your retirement
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This is why a lot of people prefer to invest in coins that are very new like Litecoin and others.
 
while its possible I dont think its a wise choise mainly because of how risky crypto investment is. The ones who usually benefice from crypto investment are the poeple who started early when the price was still very low.
 
enehemie said:
while its possible I dont think its a wise choise mainly because of how risky crypto investment is. The ones who usually benefice from crypto investment are the poeple who started early when the price was still very low.
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Any retiree should not even think of putting his money into cryptocurrency. If he wants to, he should not put all of his money into it
 
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