I wouldn't have advise such an idea. Pension is like a single shot you got which you must be very careful how you use it. Cryptocurrency currency is a volatile market whereby anything is bound to happen at any moment.
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Very very important to know your limit when it comes to investing in cryptocurrency to ensure that you don't put all of your eggs in one basket. The market is very volatile so it is advisable that you only invest around 10% of your total portfolio.Yes, pension can be used for investing in the digital currency also known as crypto currency, but not all of the pension funds should be used to invest.
Well, I don't see anything bad in using your pension to invest in crytocurrency if your are aware of the risk involved and you are ready to take it.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?
I totally agree with you @Víctor72 , the best investment for pension is the real estate business. That's what I have in mind in the not too distant future. When I reach old age, I will be able to earn money from the comfort of my home.I see cryptocurrency as a very good business to invest in, but I don't think pension should be invested in cryptocurrency, you should use your pension for something better like real estate business
Absolutely, the mere fact that cryptocurrency hasn't got any guarantee, one has to be really careful. In the cryptocurrency market, it good you invest an amount of money that you can afford to loose.I see investing in crypto as something that one should not invest in if he cannot afford to lose. Ones pension is meant to sustain him for an extended period of time and this pension sometimes may not be even enough to sustain him, investing in crypto is a no-no because of huge amount of risk it entails.
The answer is a capital NO, pension is meant for managing your self for the rest of the month before you gets another one, so its risky to use that kind of money in any investment be ye crypto currency investment or any investment.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?
These depend on the retiree whether to use his pension to invest in cryptocurrency or invest in other business but however if he or she knows the transaction how to deal with cryptocurrency you can invest in itWell the choice is actually on the person. Its his money and he can decide to use it whichever way suits him best. As long as you are aware of the risks involved and of cause have some basic knowledge of crypto. And would advice not to put in all your money at once in crypto
Exactly, its a matter of choice. One advice i always take to heart when am doing anything related to investment, always invest what you are okay with loosing. Which means do not invest all that you have, invest little that if at all you loose it, you still have something to start with later.These depend on the retiree whether to use his pension to invest in cryptocurrency or invest in other business but however if he or she knows the transaction how to deal with cryptocurrency you can invest in it