Convert all your savings and investments to bitcoin. Learn about cold storage and multisig. Run your own node. Never sell. Work and save until your stack is worth 7x the salary your comfortable retiring with and then work and save another 4 years. Many of you probably already have a NW high enough to do this now and you’re invested in the wrong things.
“If you want to expose yourself to the possibility of retiring early or rendering yourself homeless.”
Good one. I never met a homeless person with bitcoin.
That’s a solid proof.
I have lost 380k in bitcoin. I know people who lost similar amounts . Please take down this post. Let us proliferate good and positive advice
You wouldn’t have if you followed the advice of this post. What price did you buy at?
If you are an idiot and think bitcoin is the next big thing follow this idiot’s advice.
An idiot and their money is soon parted - always remember this.
How do you retire if you never sell?
At some point if you get 7x your desired salary worth of bitcoin and hold it for 4 years, sure maybe you can sell, but I think by then you’ll realize you don’t want to retire, even though you can. But to answer your question, you could borrow against it perpetually.
💀
Bitcoin mining consumes more energy than the entire country of Argentina. Do you think this is sustainable? Do you think the powers that be will allow this indefinitely?
Not while it’s profitable.
Bitcoin mining creates more wealth than the entire country of Argentina. It will consume more energy in the near future. Argentina probably will too.
Why not ETH
Why ETF? It just puts the bitcoin at risk of being stolen or rehypothecated and it charges you an expense ratio.
Cheaper bro
When it comes to investing, you should definitely put all your money in one thing. 🤣😂
Yeah, everything else just loses value. Unless you’re a professional investor, you shouldn’t be gambling on investments.
Crypto is for fools who never understand shit about it. If you really understand crypto, you wouldn’t even look at it.
Yeah, for a decade fools are talking about crypto being foolish including black rocks and JP Morgans 😀
I understand I can make money off it 🙃
holy fux this thread is so bullish few
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