We're going to be sideways at $33k until October... I have the most terrible feeling...
No problema. It's the usual summer doldrums. October will wake things up again. Relax.
Have fun building your ranch. Ant buy the dips (I bought $1kCAD today). Enjoy living happily ever after.
We're counting on you help teach the noobs that Bitcoin brings success and crapto brings failure.
Well, yeah.. teaching the newbies who want to learn and attempt to adapt the asymmetric bet of bitcoin to their own circumstances.
Of course, there is not necessarily going to be the same kinds of percentage performances when extracting 7.5 years earlier versus some kind of projection of 7.5 years into the future
(hey I am being a little bit selfish by picking my own amount of time in bitcoin).
What I want to say is that an aggressive bitcoin investment thesis of
$500 per month from January 2014 until now would have given about a 38x return with around $45.5k invested and about $1.8 million in value based on current BTC prices, and sure, maybe today a bit more aggressive of an investment amount might be prudent in order to attempt to figure out some kind of a return.. but if you can take steps to assure that you might get to fuck you status before getting to retirement status (and not having to work in circumstances that you would prefer not to in terms of age), then that is a good start... so even being able to get there by the time that you reach 60-ish years old would be good, even though filling the gap in the years in which maybe some income might come in can cause some needs to create some kind of supplemental cushion.
So another aspect is to figure out how much would someone want to be able to bring down the fuck you status age to be able to comfortably get to fuck you status before 60 years old.. maybe when you are 50 years old or 40 years old or perhaps even younger... One thing is actually getting there and another thing is bringing down the age. The lower you go, then the more you need kinds of fund levels that can hold (or sustain) its value (income generation) perpetually (at least long periods of time).... so many folks do not even make it to a very comfortable status, but then cutting years off and also getting there earlier than expected could be considered reaching and exceeding the goals in and of itself.
Investing $1k per month might be the new $500 per month, if we are trying to project what might be good for the future as compared to how much might have been needed in the past, especially since there has been a lot of printing of cash in recent times (especially the last year and a half), so everyone should have more cash due to such printing of cash (even if everything costs more at the same time, but delayed gratification means figuring out some ways to invest with what cash that you might be able to generate and to cut down some of the extravagant living that would be carried out too soon by some peeps).