Retirement Talk
Retirement Talk
Out of context: Reply #34
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- M01XXX1
I don't really plan to retire but if my plan works out then it's kind of retirement at young age. Which is: I will day-trade & swing-trade cryptos and invest some as well for longer term.
This will allow me to "work" (press some buttons) few hours a day if at all and enjoy life.
Not saying it's easy but if you know what you're doing and have the right tools, the right platform, the right trading system ...then it's possible.
And the nice part of this is you can do this from pretty much anywhere in the world with your laptop & wifi.
- I read an article written by some 20yo crypto guy who said "if you're not a millionaire in 5 years then you're an idiot"Gnash
- wish I understood that world.Gnash
- I think he said that when Bitcoin was exactly around the top. Don't listen to these hype & pumpers. Everybody has their own timing and results.M01XXX
- Plus you don't need to become millionaire at all. Even just few hundred bucks a day doing this few hours a day is nice and pays the bills.M01XXX
- it's no different from any other sort of trading of an asset class, in which you're more than likely to fail. very few make a sustainable life from day tradingshapesalad
- it's even harder with crypto, as there's no real metrics, historic metrics, to base your trading decisions on. it's just bitcoin going up down on whims+hype.shapesalad
- how do you know to buy some bitcoins today, what's scheduled in the next 6 months? nada. bonds and equity have timelines and events, so you can time your tradesshapesalad
- shape, totally correct. But I've been doing it for the past few years and developed my own tools/ indicators as well. As said: it's not easy but doable.M01XXX
- The fundamental tech behind it is all good, better to invest in companies using blockchain tech revolutionise supply chains / distribution / shipping / etc.shapesalad