Post
Topic
Board Speculation (Altcoins)
Re: My crypto Portfolio - when will I be rich?
by
noise2
on 29/06/2017, 08:52:24 UTC
Holy, you have 66 BTC and also more than that in some altcoins. I agreed with people on above if i can say you already rich for now. Did you bought it when it was still cheap? Or you get those BTC from altcoin trading?

I bought most of it, only earned a few trading. I put $40K in BTC over 3 years from 2013-2015

Guyz.... when will I be rich?

what's your definition of "rich" ?

$10M+ net worth... or $5M liquid wealth... that's when you can comfortably retire.

For the purpose of this thread though... you can assume $1M, I'd be pretty happy if my crypto portfolio reaches that.

You have more than $200K in crypto and you are asking when will you be rich  Roll Eyes
Do you know most people can't earn $200K even if they work for 30 years?
I think you are just bragging  Tongue You are already rich.

Not sure if you're serious... $200K is pocket change these days in America. Definitely not enough to retire or consider yourself to be "rich" and I'm definitely not bragging. I want a LOT more than $200K

You don't need 10M or 5M to comfortably retire. You can practically retire when you can live on your investments. A rule of thumb is when your costs of living amounts to 4% of your savings (given the expected growth of the stock market) then you can retire. For me that is far below $5M.