Post
Topic
Board Bitcoin Discussion
Re: A blog about someone planning to retire early with Bitcoin
by
Lucius
on 12/02/2024, 12:06:20 UTC
~snip~
In the end, perseverance seems to be the key here. He's not putting an incredible amount of money down every month, but still he has managed to obtain a lot of Bitcoin, 4.47 BTC from his last update.
Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.


I would not agree that this is not an "incredible amount of money" and even for a good part of people living in the countries of the European Union -> https://en.wikipedia.org/wiki/List_of_European_Union_member_states_by_minimum_wage

For some, like people in Bulgaria, it is even more than the minimum wage, and with the exception of some very rich countries, it would be a difficult mission to achieve. Of course, this does not mean that the method is not good and everyone can adapt it to their needs - so let's say someone does the same thing with 100 EUR per month, he would have five times less, but he would still be very close to having 1 BTC.

What is now clearly visible is that this kind of investment is very profitable in the long term and can be much better than relying on pension funds.