Bitcoin's 10 trillion dollar valuation is fast approaching

Tech will live doesn’t mean coin price will be high. High and volatile pricing actually gets into way of real usage. Who in their right mind will use bitcoin to buy pizza?

I expect all coins prices will stay high just to drill jealousy and regret into @wuqijun’s heart. :smiling_imp:

Come on now, be forthright and define peanuts. It may be a lot for me :slight_smile:

Um… I think my level of jealousy and regret is very mild… certainly haven’t lost any sleep over it. Not sure where your level is though, Mr. FOMO… :wink:

I don’t know how many of you are ex-Redfiners, but at that time we had fun with bears and bulls and dummies.

The dummies were the ones with lots of $ but soiling their pants when it was about putting their money where their mouth was.

It was revealing when Facebook’s IPO came to the bidding. Many swore to God it wouldn’t take off, and were laughing when the price came to below $20 or so. Look at where it is now.

So, I posted a topic of 6 things you may follow to make good with your investment, and Bitcoin is the fine example of those not following anything. They are just gambling, with no entry nor exit strategy. They just go by rumors, as the stock market is about many times, speculation, and they ride the wave because sometimes they based their decisions on “feelings” about the market and not about what their strategies should be.

So, no need to bet on Bitcoin going up or down. It is a new thing, and those who weren’t dummies made it big since the beginning by having a speculative mind, bet on it, and got out on time, as their personal rules require.

There will be suckers and losers, and as a new thingy, Bitcoin will get so many people caught in the innovative idea of making money so quick, but they may not be told of the implications of losing the entire dollar plus their dignity, nonetheless the fees and taxes when trying to cash in.

So, if you noticed Bitcoin when it was about couple of $ hundreds but laughed about it, consider yourself just another dummy who didn’t recognize the forest by its trees.

Bitcoin was supposed to be the only thing in the market, as I said before, the copycats will ruin the fun. Any type of crypto currency will be named, and die, but the idea is what is not going to die. Are you ready to buy when the “new thing” comes to the market? Do you know which one will be a winner?

Make your bets, the house is open! :sweat_smile::sweat_smile:

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People in their 20s should be aggressively seeking debt. Not paying things off. Bad plan. Also avoid any CPA who claims to have experience in cryptos. Nobody does and if someone claims that she’s a scammer. Why do you need experience in cryptos anyway? It’s just like stock.

They have won the lotto. Hope they get to keep it.

A guy in his 20s who wants to retire early… How boring.
Loftier goals, please

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He hates his job, so he wants to retire. His wife likes her job and wants to keep going. The wife will have a happier life.

He has plenty of money and youth. Why not have worthy goal… Definitely needs career counseling… Tons of potential and no drive… The wife will leave this loser for sure…just like a typical lotto winner
Will be broke in 5 years

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That sounds bitterly jealous… :rofl:

That also sounds bitterly jealous… :rofl:

Bitterly jealous 2.0… :rofl:

Bitterly jealous 2.0 as well… :rofl:

1.8M over how many years? Nah, not enough dough to make either me or @Elt1 jealous. :joy:

Not at all. If he was my kid, I would slap him smart. He has an unbelievable opportunity and no balls… You wouldn’t go for his plan either. Youth is for striving for the stars not for planning on rotting in retirement…

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Grow or rot

Exactly right. The guy is a wimp. Wife should take half the money and leave this loser.

Also, this “eating ramen for 50 years so we can retire… into eating more ramen for rest of life” plan sucks goat. In fact this entire FIRE movement sucks. Have bigger goal. Live a fuller life. If I were to retire I will retire in either Bay Area or Hong Kong. The expensive parts of the world. Not some cheap shack in fly over country.

You guys are digging ever deeper holes with jealousy and resentment… :rofl:

Give me the wife’s phone number.

This guy is on the right track and they will be in good shape. They have 1.4M after tax income, frugal, have a conservative investment plan for 1.4M. And the guy is working on a business plan to start a business. Wife is on path to earn 150k in a cheap city.

Where’s the fault?

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