What's crypto? Does it relate to bitcoin, somehow?
No not at all forgive me oh guardian of bitcoin terminology
For sure... we have to be careful NOT to slip into non-sensicals.
so 160k is rich now. wow.
Are you going to attempt to assert that you do not even understand basics?
If someone is struggling to make ends meet, and they are ONLY able to scrape aside $10 per week for 7 years and manage to turn $3,660 into $160k, I would suggest that they are on a god-damned fucking good path forward and much closer to richie status than the were 7 years earlier.
Of course, if some one amasses a savings of $160k from zero in seven years, they sometimes might even figure out that they can increase their investment amounts along the way too, so perhaps somewhere along the way, such seemingly smart and prudent person ends up upping his/her investment to $100 per week or some other amount.. and of course, $100 per week would put that person at $1.6 million after 7 years in that same scenario, but hey I am not trying to change the hypothetical facts as they had originally been presented, and if we get $160k after 7 years from $10 per week, we can go from there to increase or weekly investment amount or to just stick with the original $10 per week set-aside that had worked up until that date.
and how does one buy 10$ of bitcoin a week without getting dinked on friction costs. 3660$ over 7 years is probably more than what half of americans put away for retirement on their own...
I am not clear if you are fighting with the hypothetical or something else is going on? Of course, there can be some kinds of fees that might make $10 per week less than practical, so there is going to be some variance in how much might be invested or investible and in what periods of time, yet you seem to be quibbling about largely unimportant implementation (and personal variation) details.
Just saying, not everyone that knew about bitcoin 7 years ago is rich. cant really argue with that. Now people pretending to be rich, that we have a lot of...
You are not going to find me arguing about the existence of a lot of personal variance in terms of how much action was taken. I know all kinds of people who know about bitcoin and have failed and refused to act.. whether they are to blame for their own actions and or failure/refusal to act might be another story in terms of how much they want to rationalize their own past choices, so sure there are a lot of us who have fucked up a lot, yet bitcoin still seems to be a good investment (perhaps still the best assymetric bet that anyone can make), but there are still going to be people who fail/refuse to invest and/or fail /refuse to invest a meaningful amount that will end up making life changing differences , whether we are talking about 7-10 years down the road or some other timeline.
Do you have a point regarding folks who are supposedly "pretending to be rich"? And does it matter?
Maybe you should explain the point that you are wanting to make a bit more clearly? Perhaps?
There are quite a few guys participating in this forum and in threads like this one and who are not really trying to sell anything, but instead just talking about a topic of interest (and hopefully mutual interest). Do some guys misrepresent their situations, perhaps, but are they trying to sell you something? Do you think that guys here are trying to sell bitcoin as an idea? perhaps there could be some truth in that, but still not clear about the point you want to make except to say that some people fucked up and are maybe just coming around to bitcoin.. but we already know that too.. there are a lot of guys that get distracted into shitcoins too, and many times we do not hold that against them either, so long as they do not continue to pump that shit in this thread.
But I do agree, stack em and stack em with what you got. Math is our friend. Math is our retirement.
Sure , when in doubt, stacking might not be a bad idea because it seems that way more peeps are way less prepared for UP than they are for down, yet there are likely still some needs to attempt to plan and to figure out some BTC accumulation goals, and perhaps some other strategies within that - tailored to personal circumstances.
edit: Alpacas socks on the way ! Buy yours today and have 1000$ socks in your feet in 7 years. Still have yet to see someone with more expensive socks than I, those that bought in 2010 for 75 or 5 btc - do they still have the socks ? have they worn out ? I will not accept anything other than solid proof.
I don't know if that makes much sense. I know that people talk about this kind of nonsense all the time, so yeah, if they decided to buy various consumption goods (whether Alpaca socks or some other product/services) and not replace their bitcoins then that merely adds up to a decision to sell.. so no problem as long as you are over and above your BTC accumulation goals, but if you are failing and refusing to invest in BTC then you are valuing your wealth in dollars or in Alpaca socks.. and nothing wrong with that, so long as your BTC investment is also covered.. and sure, fr4nkthetank you may well be making the point that a lot of us make in terms of the investment thesis for bitcoin being much stronger today than it was 7 years ago, so sure, you are likely not going to get BTC at such low prices (so the upside potential has been reduced, but the downside risk is likely reduced, as well).
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