LOL. So 10 years = 50 years. There's no new strategy, just folks like you just recycling terms and strategies for the 2020s rubes, like "HODL". There were "Bogleheads" before crypto even became a thing 10 years. Let's be honest, you and your people weren't investing before Crypto so it all seems new when really it's not.
I could've invested almost nothing in SHIB last year and had a multi-million dollar return ... last year. At its peak, it was up something like 45 million percent in about 6 months (!). I didn't do that, either. Why didn't you? What's bitcoin's 1-year return? That's like me saying there's no way a guy like you grasps value investing. lol. C'mon. Tons of people retired last year off their 401k's and I can guarantee you they ain't got bitcoin in 'em. Very Jack Handey post. I never said you were wrong. I never said you shouldn't do you. I just find it comical that there are a bunch of naysayers out there acting like investing in anything but bitcoin is a failure when history has proven them wrong and they have the crystal ball that says "bitcoin is the only way to financial freedom in the future". Sounds like a 1980's cult or infomercial. lol. As far as your lifecycle comment -- the US and the world has been in that lifecycle for decades. The market fluctuates with and around it. Seems like crypto/bitcoin is doing it as well. I expect a correction in the stock market, and I can't even use bitcoin to hedge (well, not reliably) because it seems to tank with it or before it.
Dont take it personal, but this is a shitcoiner take. Sure, there are endless ways to earn, luck or grift into wealth. That isnt the debate. I do identify as a Bitcoiner. With that identification is a dream of creating a system that doesn't prey on the weak and disadvantaged. If you want to talk about shib and other shitcoins, keep in mind most of the wealth made was made by people who were already wealthy. It should be a persons choice to gamble but lets not pretend anyone in shitcoin world is doing anyone a favor outside of making themselves wealthy. I dont care if people trade bitcoin but I never recommend it. By lifecycle, I mean a literal lifecycle. 75-80 years. And yes, we agree. It will be more decades of the same. PSA: Bitcoin is not a good hedge.
I said ten years, not one year. Shib will disappear soon enough, while bitcoin is on its way to world reserve currency status.
really? you think you are going to live to see the literal end of fiat currency? specifically the US dollar? I have high confidence in precious metals, USD, and BTC/ETH (long term obvi). My children or my children's children will live in a crypto centric world (IMO state crypto will be the next step, but full defi is a way of a ways off), but for now I live in a fiat world and I need consistent fiat gains to keep my family moving forward. Good news for you I guess, we are already assured of this.
I said decades, not 10 years. See how that works? Besides, why would you wait to make millions in decades instead of 1 year? Why would I care when it disappears? I just want to not be poor before it disappears. Oh, right. World reserve currency status is what you want while you tell others to stay poor by not investing in Bitcoin. lol. Make up your mind. Any idea why bitcoin and other crypto are falling like bricks together the last few days?
most people will be this, they see short term volatility and it either prevents them from getting in at all, or they panic and sell their initial position it's very hard psychologically to just zoom out and hodl (especially in the initial few years when the volatility means you will be in the red for a period of time)
https://www.yahoo.com/lifestyle/billionaire-bond-king-jeff-gundlach-130511400.html Gundlach warning recession cues from weak yield curve. Thinks btc is a buy at 25k.
El Salvador’s plan to create the first Bitcoin-powered nation is tanking the economy—and is a mess by every measure https://fortune.com/2022/01/19/el-salvador-bitcoin-economy-distressed-debt/amp/
