Is $1.25M what you think you need to retire?

A few points:

  • IMO what you describe here is being interest and invested, but I don't see anything that remotely justifies knowledge. Cryptos have been around for more than a decade now: it's safe to assume that most people on this sub have a decent understanding of how ETH and BTC compare, and what a smart contract is. Nothing that would be trumped by any number of transaction, or by being an happy part of the crypto echo chamber
  • Are you assuming that knowing about crypto correlates with being invested in crypto? That's how you justify being knowledgeable about it. Odd...
  • I am quite sure we can find people more knowledgeable than you are, but way less invested. Personal conclusion: I don't think that correlates.
  • If it actually correlates, IMO it's the other way around. From what I observe, the more investors know about crypto, the less they are invested in it. What's do YOU really think the correlation actually is?
    1. crypto holders are knowledgeable, and/or knowledgeable people are holding
    2. OR crypto holders are mostly idiots who tried hoping on quick-money-grabbing bandwagons without sufficient knowledge and are justifying holding their bags with an adhesion to the topic sustained by their self-convinced knowledge of the topic?
    3. ???
  • It has been quite satisfying that over time the proportion of people being or pretending to be interested/invested/knowledgeable about crypto for idealistic reasons (inflation, decentralization, self-regulation, transparency, freedom from institutions) have been either less and less vocal about it, or less and less numerous. Seeing you advocating for it like that, it warms my heart with nostalgia. Reminds me of 2013! Such panache after all these repeated proofs that crypto is ideologically a cesspool of the worse things that capitalism has to offer, it's almost refreshing. I hope you are right, but I doubt it. Vitalik won't save us from the toxicity, the scams, the pump-and-dumps, the unregulated markets, and the idiots that seem to never learn and keep proving the market manipulators right.

In any case, and that will be my final conclusion to this waste of time:

We are all very happy with your past and future gains from crypto "investments". Good for you. However it's unfortunate that "missing the point of a discussion" isn't a competitive sport, as the revenues from your Olympic career would dwarf any of your crypto wealth.

/r/investing Thread Parent