67 is no age.
Yes, but it is not about age sometimes it's about accomplishment. Some people are 90 now with no accomplishment or purpose in life.
Lots of people live quiet lives of desperation (i heard that somewhere before?).
How are you supposed to measure accomplishments exactly?
Sure, sometimes legacies are left.. and maybe kids to remember you, but the kids die too.
What if you get rich, and you set up some kind of a business? But then the business could get messed up too.. it might not even follow your earlier guidelines, and go on it's own path - in the event that the successors do not really end up screwing it up.
Some of you may remember that a few months ago I invested into Bitcoin heavily at the price of $36,850 per Bitcoin and was quite positive about the outcome. I am sad to say that the last few weeks have been difficult with the price of Bitcoin going down by a lot. I am still optimistic that Bitcoin will recover but seeing the price going down each day is a big contributor to my mood every day. I try not to look at the price but when I have invested this much money into btc it is hard to not look at the price. My wife has been great during these times and she has been the one person keeping me getting up every day. I read comments in this topic and most are positive and give me a bit of hope. I have not sold any of my Bitcoin yet and I do not intend to. My original goal was to keep it in until I could retire on it which I am prolly seen as a older gentlemen so it is not to far fetched but I was certain at the time I invested at the right time and now I am looking at a big drop and feeling the effects of that. I might stick around a bit and try and get involved in discussion a bit more then I have because I think most are positive and that could help.
Thanks for the update.
We know that there are no guarantees in bitcoin, and surely there is a risk if you enter as a lump sum and then do not necessarily have money to buy on dips and dollar cost average... and so in that regard, you end up investing a lot psychologically in that one time move... and it is not necessarily a bad way to do it or even a bad entry point.,. but we still know that it could take four years or longer before profitable... and there are no guarantees that it will be profitable, either.
Of course, part of any risky investment would be to invest in such a way that you are financially and psychologically prepared that your investment could go to zero.
At the same time, bitcoin remains the best asymmetric bet that many normies have ever seen... but for sure, there are a lot of people who still do not believe that bitcoin is a great assymetric bet.. and yeah.. it might not end up playing out favorably.. gotta be prepared for that.
By the way.. in the past several months, have you continued to study into bitcoin, such as reading more or listening to podcasts? Of course, we have more and more smart-people coming into the bitcoin space, and there are all kinds of smart people in bitcoin, if you have time to study into some of the better and smarter ones, and I cease to be amazed by some of the smartness of some of the folks coming into bitcoin...
Yesterday, I heard about a 2-hour interview on Swan Signal (podcast) with Greg Foss and Max Keiser..and they both seem to be very good at understanding various macro circumstances that affect the bullish case for bitcoin, and maybe you would like to listen to their discussion?
Here's a link:
https://overcast.fm/+YwHTgOmEUAt one point, I had considered providing a list of the better podcasts because it surely makes a difference to be listening (or following or reading) the smarter folks... there's misinformation and bullshit marketing and scams out there too.. and even this thread is not completely free from having some folks slipping in with not so great information.. yet of course, it would still be your responsibility to be trying to sort the wheat from chaff.
[edited out]
In a couple of years you will likely look back at your purchases and be saying "I am a fuckin genius"
Hahahahahaha
This is hilarious.. .because it is so true...
while at the same time, it may or may not end up happening
(that's the reality tough love... gotta be psychologically and financially prepared for any price direction)..
but the "I'm a fucking genius" has happened to a shitload of folks in bitcoin.. even the ones who screwed up quite a bit... so erroring on the side of HODL.. or continue to accumulate BTC more has tended to be a pretty decent strategy.. and no real signs that such a strategy will not continue to work, even if the upside might not be as high as it was 8 - 12 years ago.. but the downside does not seem as great either..
[insert qualifier here]...
Said another way: Surely quite a bit of getting to a better place has happened to a lot of guys (and a gal or two) who have been in bitcoin at least 4 years, but surely it could take a cycle or two longer than 4 years.. .. and of course, no guarantees either..
