Post
Topic
Board Beginners & Help
Re: Retiring on bitcoin
by
Daniel91
on 16/07/2023, 06:55:15 UTC
OP, if you're thinking of waiting until the bitcoin price goes up enough to sell everything, then depositing the money in a bank account and spending it for the rest of your life, trust me that's not a good idea.
Banks are no longer a safe way to store money, and you have to think about inflation, which causes your money to lose value.
I think it is a much better idea to invest part of btc in shares of big and well-known companies, investment funds, real estate /tourism) etc.
That way, you will always have a large and stable portfolio that will bring you constant income and then you can quit your job and enjoy life.
It is important to invest in different asset classes and not depend only on crypto or only on stocks.