Bond is not a digital asset and not a cryptocurrency. Bond is a fixed income asset or debt security and are manage by a third party because bond is a traditional thing. Bonds has a fixed return why bitcoin doesn't have a fixed return because of her volatile nature as the price increases overtime. It's good that we make research before giving out wrong information so that you don't mislead newbies like you.

OsaiEmma, I think you missed the point Tungbulu was trying to make.. Maybe take a little moment and read what he said again, not just the words but the context… He’s simply saying that using the term cryptocurrency to describe Bitcoin does more harm than good, especially to newbies…

Let’s be real, the word crypto has become so watered down these days. It is being used to describe every shit coins… So when you group Bitcoin with crypto, you’re unintentionally putting it in the same box as all of these shit coins and scams. That is the exact kind of miseducation we should be avoiding, especially for new people trying to understand what Bitcoin really is.

His point is that it is better we just call it Bitcoin or refer to it as a digital asset, because that separates it from the noise…

…………………………..


And also if you want to reply to 2, 3 or more different persons at once, it is possible and actually quite simple, rather than replying to each messages separately.. You just need to make use of the quote feature properly...

Firstly: Start by clicking the Quote button under the first person’s post. This will open the reply box with their message already quoted. The you type your response directly below their quote.

Secondly: you go to the second person’s comment, click same Quote, copy that entire quote, and paste it below the first reply… The do the same thing for the third person or more….

Lastly: you’ll have three quotes in one post, each followed by your individual response….

Example:
(quote author=User1)
Their comment here...

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You come off as even more arrogant to be arguing the dumbass point that bitcoin is a cryptocurrency, which many of us already know that bitcoin is a cryptocurrency, yet at the same time, there is likely no real productive purpose to convoluting terms and lumping bitcoin within this category if you don't first make sure that you understand what bitcoin is in the first place.. .so then you would have a reference point in regards to the various shitcoins and the extent to which any of them might be worthy of being talked about, depending on what point you are wanting to make about them in potentially comparing them to bitcoin.

For the sake of newbies, it's better not to use the term crypto currency to address Bitcoin as this can often turn out to be misleading and pass the wrong idea about Bitcoin. I feel it'll be more appropriate to call it a digital asset instead of crypto currency as digital asset best describes the nature of Bitcoin and not crypto currency. Using the term crypto currency will only make people see or compare Bitcoin to all of them shitcoins, which is not only an insult to Bitcoin but also the biggest misconception an investor or anyone would have about Bitcoin. So it's best to completely avoid the using the term crypto currency when talking about Bitcoin.

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BALANCE BOTH GOALS

1. Your Emergency Fund should come first (for now): If you're hoping to achieve both goals simultaneously, then your focus should be more on stacking up that emergency fund FIRST, and then you may allocate more funds to your BTC accumulation.
2. Adjust your allocations: This may not also be very necessary for some, but periodically review your income allocation and should the need arise, make some necessary adjustments in order to ensure you're actually meeting the goals.
3. Be Patient: this is actually the most important one, building an emergency fund and a Bitcoin Stash at the same time takes a lot of time and so requires lots of patience, because sometimes it might look like you're not even getting it right, but as long as you're following the above steps, just keep going and being patient.

These steps may not really look like pretty much but I assure you that these steps and tips can actually help anyone (with a steady income source) to build a robust Emergency fund while also accumulating Bitcoin regularly. And don't forget that staying disciplined, patient and informed is also key to achieving this goal.
Pls you can also include other helpful tools if you've got any.

For Bitcoin to be adopted as a legal tender, off course it must go through certain processes, but these processes are not ambiguous to say the least. Countries like El Salvador and not so recently The Central African Republic are Trail Blazers in the aforementioned. Looking at it realistically, the merits would certainly alleniate any demerits that may occur. It surely puts innovation where it should be on a pedestal, foreign cash injection becomes and the global phenomenon; inflation can be better managed. What is holding back is definitely from constituted authority, as households and individuals already accept Bitcoin in some forms as a legal ten. What is stopping it's gradual integration?

Lately, I observed that creating useful tools for Bitcointalk is best way to earn merits. Now, if you don't have any such skills to offer then just stay active, pour your thoughts where you feel like to do so and slowly and steadily you will earn merits.

There are also merit giveaways and contests where you can take part. For example, this one: 🍑 PeachBitcoin [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits — such contests are running all the time and IMO these are better than 'start-up merits for newbies' idea you are proposing (I do see taking part in these contests require you to be somewhat active already but it's only fair).

to further this Trumps job will be crypto cooler letting weak hands panic and dump to whales.

I do not see the normal 4 year cycle happening this time at all.

We will simply stay in the 90-110 track for a very long time. more than most can imagine.

So be like JJG and dca

Another similarity between trade and gambling is that both of them are risky. But gambling is riskier which is why it is important to gamble with little funds.  Traders can accurately predict how the market will turn out but in gambling especially slots are unpredictable. There are many indicators that can determine trading outcomes but it is rare to predict gambling outcomes even in sports betting.

Another important consideration is that trading requires some level of skills while gambling can be engaged by even a newbie. But it doesn't erase the fact that gambling also requires skills.  

It was initiated by many ideas, developments before 2008, with things called as "Bitcoin prehistory" that you need to learn about.

Cryptography, Elliptic Curve, and more technical developments as well as some failed projects before we had Bitcoin in 2009.
Previously there are Digicash (1989), CyberCash (1994), E-Gold (1996), BitGold (1998), B-Money (1998), BitTorrent (2001).
Bitcoin prehistory. (Saylor Academy).

It did not start as a joke, seriously man!

Make no mistake this was never a joke.  This has been tried extemsively over the years but couldnt solve the double spend issue.  Satoshi's theory on majority and good and bad actors have held true to date and now has gotten too large to flop really.  Why do you say this started as a joke?

What does this mean? Satoshi hasn't appeared publicly and it's unlikely they ever will.
So Satoshi is the exact opposite from "doxxed".

why is it a mystery? i don’t think bitcoin is a mystery simply because it’s probably the most transparent system you will ever encounter in this world it operates under mathematics and codes and if you dedicate more of your time into understanding bitcoin it will not be a mystery anymore
if there is anything mysterious about bitcoin it is only on satoshi nakamoto you do not know if he “retired” in fact we know almost nothing to what happened to him but bitcoin? no mystery just smart technology that is changing the global financial landscape

OP, opening this thread is in bad light; considering that it was opened barely 24hrs after your registration on this forum. Yeah, you're simply telling us that you've been here longer that we officially know for you to have come to the conclusion that it's difficult getting merit as newbies.

Well, for your question, I think the best way to get merit is to engage in conversations aimed at providing information to issues raised by other members. Contribute something meaningful without any intention of getting rewarded for it. Trust me, someone will read your posts and find them worthy to place merit on. Be passionate about what you do here. On the long run that will pay off.

Wow, I've not heard of it this way, thanks for the insight.

This is so true, selling 10% to keep in cash or similar when BTC is high, is a good strategy for FIRE plan, cause with this, there will be hay for rainy days. And, this will give you peace of mind as not to worry about the bearish sentiment of the market in terms of taking out profit, because as you've said, nobody wants to be selling when BTC is down, nice idea.
Investing in shitcoins to diversify your investment would really be a terrible idea 😂😂. Those are too volatile and can just come crashing down anytime.



One way of getting in and out of gold is the use of reputable brokers, u can use good brokers to buy and sell gold in the forex market, well it's NFA(not financial advice, cause I'm not a financial expert) but I think that works but still it's also risky too.



I think here is the perfect answer to most of my questions, "so part of his concern would be to make sure that he has enough and more than enough BTC when he enters into a FIRE status/practice." Quoting you, this is the only way to get into a perfect FIRE era with BTC investment without much stress or hassel and also to have beat a good amount of ATH too so as not to be bothered by the bear market, thanks a lot for this wonderful insight

I believe flexibility is the main achievement they are hoping for.    So yes quit and 'retire'  for 3 years, maybe to have children or travel the world or both.  The main objective seems to be to work hard save harder then actually live a proper life outside of the big city smoke and be a normal family of some kind not caught in the rat trap that is often modern working for many.

Its one of the most sensible ideas modern generations have come up with.  The rejection of conspicuous consumption is something to be lauded as we waste so much and value little in modern economies.  Its great to see people finding ways to learn skills to avoid waste and paying others for this saving drive etc.
    Commuting in both time and money to me is such a waste of humanity, every step away from that traffic jam pollution failure of a business model is an advance for all of humanity imo.   It is questionable if people of plain working class skill set can thrive as easily as the more elevated professions both in money and demand they can command but imo if people can learn trades like carpentry its possible (there is always demand for honest work and so leverage to achieve this fire concept).

No matter how smart algorithm looks in crypto space, it can't know exactly how the human think straight, even human doesn't know what his fellow man is gong to do next, who knew Elected Donald Trump was going to be elected as the winner of the last election, this action alone made Bitcoin to click $100k, such things can't be known by algorithm atleast for now, this is why it's difficult for bot to be perfect in trading, the real ones can only play around wig the basic trading nature.

I'm not sure if there is a way where paper trading or demo trading can be incorporated with bot, so you can actually test it for a year, especially in the bull run whether it's profitable or not, that alone will tell you if it's worth it or not. This is not a recommendation but I have seen kucoin do a lot of marketing with these trading bots alot, maybe you should try out, don't forget it's not a recommendation.

I'm sorry about the liquidation, but we have SL and TP to automate trades too, you can even set pending orders, I think every broker, CEX and trading platforms have these.


Thank you for this, but I think maybe for now trading bots might be useless but in the future as there will be more innovations and technological advancement, better and more precise AI driven trading bots will be designed although there are few already in the pipeline

It seems a bit strange that I read through this whole thread, and there were not too many responding members who were really attempting to grapple how bitcoin fits into this FIRE concept, except perhaps Franky1 had the post that discussed the FIRE idea in light of his bitcoin holdings.

Surely, the main underlying ideas of how FIRE plays out within traditional assets are sufficiently outlined in OP, which largely is that when any of us might decide upon living off of our investments in a passive income kind of a way, our annual withdrawal rate should on average be less than the amount that the various investments are earning, so in that sense on average the investment portfolio is not getting smaller in terms of its dollar value, and if we have 25x our annual income/expenses, then withdrawing 4% per year remains enough to sustain ourselves at that same rate for an indefinite period of time, and presumptively in a perpetual basis.

We still potentially have the problem of calculating real rates versus nominal rates, and surely with ongoing debasement of the dollar we may well find that such a fixed income may well not keep up with how the costs of goods and services continue to rise in prices at a rate that is much greater so that we may well have to suffer from ongoing decreases in our standard of living and/or spending less each year in real terms if we maintain the same flat rate of withdrawal at 4%.  Surely, if we are able to invest in assets that generally appreciate more than 4% per year, then we may well be able to account for the debasement of the dollar by increasing our withdrawal rate in order to account for such ongoing increases in our cost of living.

I personally believe that bitcoin resolves a lot of the issues, yet surely there could be questions and concerns that the FIRE persons might have in regards to how much of their investment portfolio that they might keep in bitcoin as compared with other places that they might hold their assets.  Personally, I don't have any problem with the idea of treating the bitcoin investment differently from any traditional assets that are in place, and so perhaps just continue to withdraw  from traditional assets using the 4 % formula and then withdrawing from bitcoin to supplement such withdrawal and to withdraw from bitcoin last, since bitcoin remains amongst the best, if not the best investment that any of us could have.

There are also possibilities that guys choose to ONLY have bitcoin as their investment and NOT to have other traditional categories of investment, so in that case, the bitcoin holdings would serve as the FIRE asset, and I personally believe that if a guy valuates his BTC properly, by measuring the value of his bitcoin in accordance with the 200-WMA (bottom prices) rather than spot prices (which tend to be all over the place), I personally speculate that retaining investments in bitcoin a person could withdraw up to 10% per year based on the dollar value of the 200-WMA, which largely means that a guy would ONLY have to have 10 years of his expenses/expected annual income in bitcoin so long as he is valuating his BTC holdings at the 200-WMA, and perhaps in engaging in other protective measures, as I describe in my sustainable withdrawal thread, which means engaging in reductions of his withdrawal rate if the BTC spot price goes below 25% above the 200-WMA and other kinds of withdrawal reductions as I describe within the sustainable withdrawal tool guidelines.

For example, look at this:
>>>>>"When the BTC spot price is at least 25% above the 200-week moving average, then at least 1 month's withdrawal will be authorized; however,

A) if the BTC spot price is between 10% and 25% above the 200-week moving average, then you will be authorized to withdraw for only 90% of the current month's limit.
B. if the BTC spot price is between 0% and 10% above the 200-week moving average, then you will be authorized to withdraw for only 85% of the current month's limit.
C. if the BTC spot price is between 0% and 20% below the 200-week moving average, then you will be authorized to withdraw for only 70% of the current month's limit.
D. if the BTC spot price is between 20% and 30% below the 200-week moving average, then you will be authorized to withdraw for only 50% of the current month's limit.
E. if the BTC spot price is greater than 30% and 35% below the 200-week moving average, then you will be authorized to withdraw for only 40% of the current month's limit.
F. if the BTC spot price is greater than 35% below the 200-week moving average, then you will be not be authorized to withdraw any BTC from the budget."<<<<<<

Surely guys can also stick with lower levels of withdrawal of their BTC such as some where between 4-10% (perhaps even at the lower ends of such range), which from my thinking would allow their BTC holdings to continue to grow while they may perhaps decide to defer their actions of withdrawing at something like a 10% annual rate... and yeah, of course, anyone who overly depletes their BTC too soon, ONLY have themselves to blame for failing to figure out a withdrawal system that would end up playing out in sufficiently sustainable ways.

By the way, another foundational idea underlying FIRE is that any person in such a position has the option to work or not to work, and so his various investments are able to sustain him, and likely the ONLY mandatory work that he would have to do would just be in line with managing whatever accounts that he has, which hopefully would not be such a complicated matter that would take more than a few hours a week, at most.  So, being in a position of FIRE would not require the guy do any kind of work in order to sustain his standard of living and perhaps even to increase his standard of living within reasonable bounds.  Surely if a guy is not yet at a place to be able to sustain himself (or perhaps increase his standard of living within his desired parameters) upon his assessment that he has reached FIRE status, then it could be possible that he has miscalculated in term of his having had reached such FIRE status.

Another thing is that there are guys who claim to have reached FIRE status and they continue to work, and if it is true that they don't need such work in order to remain comfortable financially, then surely it may well be the case that their choice of continuing to work is optional, and surely there could be some guys who are lying to themselves, and they really may well need to supplement their finances through ongoing work because their FIRE investments are not enough to sustain their chosen standard of living.

Many times none of us would really know individual motivations and/or whether guys are merely lying to themselves if they are putting themselves into a status they have not reached, and sure there is nothing wrong with living a life with some internal contradictions, as long as we know that we are doing it and we are hopefully not living too much of a fantasy in such a way that we are not being honest with ourselves... but yeah, some guys still might get into a position that they don't really have much choice except to lie to themselves to make themselves feel better about their actual situation.

Investing Consistently: Setting aside most of your income to be invested in instruments that generate passive income, such as stocks, bonds, real estate or maybe you can choose Gold & Bitcoin in your portofolio.