Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
MusaPk
on 19/10/2023, 16:24:18 UTC
Sure it is better to get to fuck you status in your 20s, 30s or 40s, than to get there in your 50s or 60s, yet at the same time, you cannot try to act like you know what is going to happen, so the best that you can do is to try to make all of the better of decisions, and don't end up fuckning up by trying to rush matters.  There rare a lot of folks who never get to fuck you status, ever, so the mere fact of getting there late should not be a problem.

Also, if you only make it 1/4 or 1/2 to fuck you status, you swtill likely will be better off by doing the best that you can and making progress in that direction rather than considering yourself as a failure becuase you did not quite make it to fuck you status.

There are a lot of people in the world (even in affluent countries) who have very little to no savings/investments, and even the amounts of their investments and/or savings might not even amount to 1 or 2 years of their annual salary/cost of living... so fuck you status is usually in the 20x to 30x range of annual income/expenses and so people who reach such status are more likely exceptions rather than the rule.

Entry level fuck you status is just being able to quit your job and to be able to live off of your investments (and/or if you end up being able to receive benefits and/or pension payments), so frequently, if anyone plans to pull such lever at a lower age, even in their 40s, they have to keep in mind that they may well have to support themselves from their investments for quite a long time, so frequently, there are benefits to making sure that the calculations (and valuations) of the assets are based on sound assessments rather than just going based on the spot price of a volatile and fluctuating asset, and bitcoin fits into that highly volatile category.

Small changes in practices might have big rippling affects 10, 20 or 30 years down the road, and we might not even know the extent to which we made good decisions/choices or bad ones until our investment plays out for many years and/or when we either get close to fuck you status or we get into fuck you status (hopefully based on sufficiently accurate calculations).

If you can save money and invest in some reliable sector (which you can handle yourself) then there are bright chances that you will get success over a period of time.
I know a person story who has just a small job in Bank and he is accumulating cement shares for last 20 years for 10% of his monthly savings. His net worth of cement shares is now quite high and he has now achieved his Fuck You status.
With time we learn new things and that gives us idea whether we are moving in right directions or not that's the main reason why people who invest for long term are more likely to achieve there fuck you status.

Fuck crypto and fuck trading... especially talking about those ideas in this thread.

Let's talk about bitcoin and various methods to accumulate it without necessarily resorting to selling, and if you believe that you need to sell in order to acquire more bitcoin, then you probably need to go talk about those kinds of nonsense (gambling) ideas in some other thread.

For accumulating Bitcoin, the best way is to do it in DCA manner or investing small amount as and when available. You were talking about 200$ per week, this is quite a money for many people like me. Whatever one can invest easily and for long term is best way to accumulate Bitcoin. The reward is high on high amount but for that don't push yourself to things like taking loans for investment. Just be consistent in buying and don't forget to cash out some portion when you are getting some good profit.