So these days US bans bitcoin while China and Russia unban bitcoin. Its a BRICS world in the making. Crazy how there is an Inverse Cramer ETF yet the bitcoin ETF was always tantalizingly too risky (or whatever flaky garbage was peddled to the public).
This move by the SEC is meant to precipitate legislation from an absolutely inept congress, not that I care to delve into US politics... And soon the Fed will be up for their next chicken-Wednesday. Rates will pause and maybe inflation will be "behind us". Most cannot digest the fact that a decrease in the rate of inflation is still inflation, and that is why I love the corn.
Re: Old people in bitcoin
I always thought Jimbo was an old timer on here, but maybe not quite 77 . I have been on here lurking and otherwise for a bit, and always felt relatively young. OpSec regarding a/s/l always wigged me out so never wanted to dive into much detail. I've seen others on here unintentionally dox themselves, and think its correlated with age.
We might not need to give any exact age, but it still can be helpful to understand a sort of age group on order to understand how someone might look at some topic in a certain kind of way.. so we might sometimes get age and sometimes some kind of a geographical or cultural reference and perhaps sometimes it might be helpful to understand some work experiences that someone might have or even lifestyle experiences that can frame how they might think about topics.. and sure those personal details are not always needed because we might say something like: I know this guy who drives a truck, he is in his early 50s, he has been saving for more than 20 years and he has a house, a few investments and a 401k. He has saved up enough to cover around 4-6 years of living if he had to directly live upon it and he would like to retire around 60 years old. I wonder what his approach to bitcoin might be?
Wouldn't the 50s-ish truck driver's circumstances be different from a guy in his early 20s who decided not to go to college, but is working in computer programing, and barely has any savings.... but has some programing skills and feels that he has decent job prospects already because of the skills that he has so far developed.. but sure still has a variety of uncertainties regarding how much he might consider putting into bitcoin from his cashflow versus someone who has a possibly shorter timeline and maybe some insecurities regarding the size of the investments that he had already been making all of his life..
not that any of us need to know each and every one of these kinds of factors to discuss some of the bitcoin related topics on the interwebs (and in this thread) that each of us might want to be considering in regards to how we might want to approach bitcoin, if we happen to just starting to learn about bitcoin and we are considering creating bitcoin accumulation goals that are tailored to our circumstances and attempting to figure out ways to accumulate, how much to allocate (if any) and strategies to reach the BTC accumulation goals such as DCA, lump sum and buying on dips and thereafter planing to maintain holding or to consider conditions for cashing out along the way. .whether cashing out might be triggered by time, price levels or maybe a combination of factors..
