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Could You Retire on Bitcoin Alone? - Smart Change - Missoulian Things To Know Before You Get This


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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://nypost.com/wp-content/uploads/sites/2/2021/06/bitcoin-lummis.jpg?quality=80&amp;strip=all&amp;w=744" alt="Crypto Retirement - Single by Ian Balina - Spotify"><span style="display:none" itemprop="caption">Retire Off Crypto! #cryptotrading #crypto #cryptok</span>
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<h1 style="clear:both" id="content-section-0">A Biased View of Should You Invest in Cryptocurrency for Your Retirement?<br></h1>
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<p class="p__0">(CRYPTO: BTC) has easily become among the most popular investments of 2021-- maybe more so than the meme stocks that broke the web earlier in the year. Since Bitcoin was the earliest and is now one of the most well-known cryptocurrencies, it's easy to see why more and more individuals are excited to own it.</p>
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<p class="p__1">But should you count on it to money your retirement? I Found This Interesting not. Image source: Getty Images. Do not put your senior years at risk Once you retire, you'll probably need earnings beyond Social Security to keep up with your living expenditures. That's where your cost savings and financial investments can be found in.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://miro.medium.com/max/1400/1*hYTuzdcG6FTd8zLTtodw3Q.png" alt="₿ How to Retire on Cryptocurrency by 2030 or Sooner - How Much Ethereum Do You Need? - Bitcoiner TV"><span style="display:none" itemprop="caption">Could You Retire on Bitcoin Alone? - The Motley Fool</span>
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<p class="p__2">While Bitcoin's value has actually increased significantly because its creation, it's also been a significantly unpredictable financial investment. That's not particularly unique to Bitcoin, however rather, a characteristic of the entire crypto market. Since Bitcoin is so dangerous, it definitely shouldn't be the only place where you invest your savings. Not only could Bitcoin's worth tank in the near term, however we do not know how modifications within the crypto space may affect its future value.</p>
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<h1 style="clear:both" id="content-section-1">All About Investing in Bitcoin - Retire Happy<br></h1>
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<p class="p__3">Which's a danger you can't afford to take. Diversifying is key While stocks have long been concerned as a feasible long-term investment, putting your whole savings into a single stock is a poor option. Similarly, you should not sink all of your retirement savings into a single digital currency.</p>
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<img width="300" src="https://techlogitic.net/wp-content/uploads/2019/03/investing-crypto-feature.png">
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<p class="p__4">A great bet, in reality, is to have your portfolio include a nice investment mix that includes: Bonds Stocks Realty (if you don't wish to own actual properties, you can put cash into REITs, or realty investment trusts) Crypto This setup protects you in case one specific asset class loses worth on a whole.</p>
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<p class="p__5">Bonds, for instance, are typically far less volatile than stocks, so it's excellent to own more of them as retirement nears. Take it sluggish There's absolutely nothing wrong with buying Bitcoin, holding it for a while, and seeing how things go. But should you depend on Bitcoin alone to fund your retirement? Definitely not.</p>
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