/biz/ - Business & Finance

>>58116931
I'm retired*, but before this I was a naval officer. I drove aircraft carrier around. That part was fun, dealing with other navy people sucked.

*I quit after 8 years and do not collect a pension

It's really not that hard to retire on crypto. Just DCA for one or two cycles as hard as you can and poof, you don't need to work anymore.

>>57824574
Ehh I nearly lost my mind at one point. Breakdowns at work, alcoholism, rehab (been sober ever since thank God), massive burnout, the works. I had to quit when I did, there was no question of sticking it out through the bear market, which WOULD have been smart since I could have had like, 10 extra bitcoin from doing that, but it wasn't worth the mental health issues that were developing.

Also as a military vet, I have preferential hiring for federal jobs and despite my breakdowns, there's nothing negative in my record at all. I'm lucky I managed to keep my shit together at least that much. So if I ever ran out of money I could go back to work if I need to.

Bitcoin as an investment thesis IS pretty simple: number does indeed go up. In fact, bitcoin is a strange investment where the trend is not towards some kind of real world value, but either infinity or zero. The case for infinity is basically hyperbitcoinization, where everyone adopts it driving the price to infinity because it's a fixed supply. But obviously that's not really going to happen since the protocol can't handle millions of transactions a day. So then the trend is towards zero, which will happen when a security flaw is found that breaks the protocol. It'll happen someday, but until then the trend to infinity is dominant. My plan is to hold and slowly bleed off money into other cryptos, like Ethereum and Monero, and hopefully catch wind of the security flaw in bitcoin early and sell everything immediately.

And even all that aside, I've had good experiences in regular stocks too, after reading Graham's books. Even if all crypto went to zero I'm confident I could do okay for myselff /smg/ style. Pretty much the biggest problem in my life right now is feeling bad about spending more than $10/day on food.