Should pension be used to invest into the crypto market?

[LaylaG]

I don't see anything wrong with that you can use any money you have as far as you are having the money in a genuine way you can use the money and invest in cryptocurrency or whatever you want to invest and as far as it is favorable to you, it depends on you to have the final say.

 

[AQOJ.Biz]

I would rather put my retirement money into time deposits and the like. Though there is no issue on investing your money into crypto currencies, I think, risks and uncertainty is higher in investing in crypto. Moreover, if you'll be investing into crypto for long term, that is advisable. In short term investments, put it in short term placements

 

[Jonaville]

I'm sure there are other types of assured Investments a pensioner can venture into that will bring desired return of investment. So would not advise anyone to use the money they laboured for decades to obtain to just throw it into the crypto field. It is too risky.

 

[BrolySSJ]

I would suggest you to not do it at all. Pension is the reward of 20+ years of life which you invested in any institute. But at the time of reward, you shouldn't commit such a big mistake. Although you are looking towards it's growing value but it can fall too. You can be a hero from Zero but it's a risky work because you are already hero but can be zero after investment in it.

This is the most worrisome part when it comes to investing in cryptocurrency because there are some people that have invested large sums of money and at the end of the day they lost most of their investment. To a large extent investing in cryptocurrency can be considered to be a gambling method, and this can be quite addictive. So investing into it using your pension money is essentially betting your income at that point on a coin that may increase or decrease in value and therefore you are taking a considerable risk that could greatly impact how you live.

 

[Nurudeen]

Yes it is advicable to invest into crypto currency exchange Business if the money is from pension. If you get started with this business you have the opportunity to double the amount in less than 6 month with patience. The only thing you need to do is to acquire knowledge on how the system works for crypto currency before you put your money into it

 

[EMMANUEL]

When you do this there alots of benefits you will receive as regards to this, more so there are thousands of crypto the that can suit your plan.
Benefits

1. Ease of transaction: First and foremost, cryptocurrencies are intended to be an easy way of paying for things without exorbitant fees and foreign exchange charges. This is not to say that transactions are free or even necessarily cheaper than other methods of moving funds, but they can certainly avoid unnecessary forex costs.
2. Regulatory opaqueness: There is clearly a market for anyone wanting to hold funds and/or move money without attracting the attention of tax authorities. It’s no coincidence that those who use the ‘dark web’ to run their ‘businesses’ are major investors.
3. Potential investment returns: ‘Buy low, sell high’ is the old maxim; it has never been more apt than when we consider investment returns in cryptocurrencies. Those lucky enough to buy Bitcoin when it was first launched, and who sold out at its recent high of around US$16,000 have become overnight multi-millionaires.

 

[Henrywrites]

There is no guaranteed thing that you can invest in this world and be fully confident of making huge returns. It is always about risk and hoping that mother luck favors you. On the part of investing your pension on crypto currency, I don't see anything wrong with it as long as you have the skills to trade and make your gains. That is all that matters.

 

[BrolySSJ]

Yes it is advicable to invest into crypto currency exchange Business if the money is from pension. If you get started with this business you have the opportunity to double the amount in less than 6 month with patience. The only thing you need to do is to acquire knowledge on how the system works for crypto currency before you put your money into it

You do have the opportunity to double your investment into cryptocurrency within the first 6 months or so, however at the same time it is important to remember that pensioners are the ones that are relying on these funds in order to support their daily lives. Therefore, this is a huge risk for them to be taking more so than those that are still earning, and they are still working for their funds. At the end of the day the pensioner can end up with even less than he started off or even lose their entire funds completely. Perhaps it would be a good idea to invest in courses that is aimed at these pensioners in order to teach them the trading and how it works. It might be able to enhance the cryptocurrency world as well.

 

[Dowenship]

In your opinion, do you think that it is advisable for someone to make use of their pension as a means by which to invest into the crypto world and the various currencies that it has to offer. In my opinion I think that this is advised against because the crypto market is very volatile and so as the market changes there can be large losses, and profits of course, but however when investing one needs to consider the worst case scenario. Furthermore, pensions are often used and are necessary to sustain your lifestyle and be able to pay for essential in your old age. Therefore, I don't think that it is advisable to gamble them on the crypto market.

What is you opinion on this?

Well... The pension is supposed to be used for sustainability after retirement. so I don't think is ideal to invest it into crypto. The only thing the pensioner can do is too look for an expert broker, with good reputation and start with little very little and earn some returns.

 

[Shahzad Ahmad]

Yes it can be invested in cryptocurrency market. But it depends on you because it is risky work. But I hope I will be profitable for his or her because this market is not fake for this matter.

 

[BrolySSJ]

Well... The pension is supposed to be used for sustainability after retirement. so I don't think is ideal to invest it into crypto. The only thing the pensioner can do is too look for an expert broker, with good reputation and start with little very little and earn some returns.

Finding an export broker is a good way to try and invest in the cryptocurrency, stock or forex markets. However, at the end of the day evening expert broker does have their off days and so investing a small amount into them does not guarantee you that you will earn some sort of return. In fact, they could possibly invest in a stock or a coin that is set to increase in the future, but this coin could tank at any point. The risks are still there when you use an expert broker the only difference is that they have the knowledge to try and mitigate and manage these risks in an overall capacity.

 

[Ifective]

It's a brilliant idea. Collecting pension means one is not working again. Therefore, it is better to invest one's pension in an investment business which gives rise to cryptocurrency. The important of investing in cryptocurrency is that you keep earning as long as you want since the value if bitcoing is high

 

[Kaindio Agnes Wanja]

Yes,

In your opinion, do you think that it is advisable for someone to make use of their pension as a means by which to invest into the crypto world and the various currencies that it has to offer. In my opinion I think that this is advised against because the crypto market is very volatile and so as the market changes there can be large losses, and profits of course, but however when investing one needs to consider the worst case scenario. Furthermore, pensions are often used and are necessary to sustain your lifestyle and be able to pay for essential in your old age. Therefore, I don't think that it is advisable to gamble them on the crypto market.

What is you opinion on this?

Yes,i don't see any problem with one using pension to get into crypto investment .
One can use money from any source to do crypto currency investment .
But again it is advisable to use a little portion of the pension just to weigh waters .
If it works well then you are good to go

Post automatically merged: Jan 25, 2021

Yes,

In your opinion, do you think that it is advisable for someone to make use of their pension as a means by which to invest into the crypto world and the various currencies that it has to offer. In my opinion I think that this is advised against because the crypto market is very volatile and so as the market changes there can be large losses, and profits of course, but however when investing one needs to consider the worst case scenario. Furthermore, pensions are often used and are necessary to sustain your lifestyle and be able to pay for essential in your old age. Therefore, I don't think that it is advisable to gamble them on the crypto market.

What is you opinion on this?

Yes,i don't see any problem with one using pension to get into crypto investment .
One can use money from any source to do crypto currency investment .
But again it is advisable to use a little portion of the pension just to weigh waters .
If it works well then you are good to go

 

[Donolatunji]

The most interesting development in cryptocurrencies is in the investment fund management world. Specialist cryptocurrency funds have been created which seek to buy and sell in the same way one might with equities or other securities. I expect this market to grow quickly as people seek non-correlated alternative investments. At the moment, however, on a scale of 1 to 10, these funds are an 11+! As such, our view is that they are only for sophisticated and/or professional investors. Volatility is roller-coaster like; at the extreme end, you really can lose your shirt. Prices change by the second; some unfortunate souls are said to be addicted to trading in the same way as gambling addicts.

To illustrate this point, I checked performance of all cryptocurrencies online; the figures are scary. One well known ‘coin’ is up 0.69% in the last hour, down 8.30% in the past 24 hours and down 24.86% in the previous 7 days.

A leading business figure in the international financial services industry recently wrote a blog about cryptocurrencies claiming that we are in for a “bull run” and tipping the ‘coin’ illustrated above for strong and stable long-term returns. We’ve heard that somewhere before! Merely predicting strength and stability is not enough.
In conclusions I do not support it

 

[Shahid Abbas]

In your opinion, do you think that it is advisable for someone to make use of their pension as a means by which to invest into the crypto world and the various currencies that it has to offer. In my opinion I think that this is advised against because the crypto market is very volatile and so as the market changes there can be large losses, and profits of course, but however when investing one needs to consider the worst case scenario. Furthermore, pensions are often used and are necessary to sustain your lifestyle and be able to pay for essential in your old age. Therefore, I don't think that it is advisable to gamble them on the crypto market.

What is you opinion on this?

Absolutely you can invest your pension in cryptocurrency. If you are afraid of loss, then invest in spot trading, there is no chance of loss in it, if the rate is down, then one day it will increase oneday.

 

[Hasan Raza]

I am not in the favour to invest all your pension in crypto market because there is a great fluctuation and volatility in Cryptocurrency so your all money invested in Cryptocurrency may be go in loss but there is rare chance

 

[Lloyd]

That really depends on the financial capabilities of the pensioner. If he has other source of income other than the pension then it would be ok. But if he just relied on his pension for his daily needs, then its a no-no. Always remember trading is like gambling you never know if you will win or lose.

 

[Usama Iqbal]

It is a good idea to use the pension money in cryptocurrencies ، If you have money, you can invest in cryptocurrencies securely.where you can investment . After investment you earned money and start a business . I said bitcoin for this because it is good for all currencies.

 

[Chris]

Talk about pension it's not advisable to use 100% of your pension to invest in cryptocurrency, you can use 20-40% of it. It is a high risk investment that requires skills to know when a particular coin will rise or fall.

 

[Xerryl]

You can use every money in to crypto currency investment or trade. Crypto currency is independent of resources where from you get money.
But there is much Risk involved that you invest altogether money of pension into crypto world. You are right there is instability in price of crypto. So you invest by portion of money in to them.