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> It’s psychologically and economically almost impossible For you. But I know quite a few mid 30s retirees. I agree that a lot of people seem to have a probl
by 1996 6y ago
> It’s psychologically and economically almost impossible
For you. But I know quite a few mid 30s retirees.
I agree that a lot of people seem to have a problem with impulse control and trusting their own valuation, when everybody say "it's wrong - it's a fad - it's tulip/beanies".
Eventually you tune out everyone and learn to laugh all the way to the bank at the HN nonsense.
BTW I wouldn't dismiss DOGE as a fad if I were you. Same mistake again and again on HN: regular people doing something? They must be wrong!
Turns out regular people want a crypto they don't feel bad about, and that's not owned by big banks like BTC/ETH or anarchists like XMR/ZEC. There aren't many that can deliver, and DOGE is one of them.
Do you have a position, or are you planning to fail again?
Because the WSB mob is out for blood, and if GME is any sign, they are foaming at the mouth. DOGE should have been a simple pump, but it's still around 900 sats
I give it 3 days (time for the deposits to clear and for people to coordinate) until it starts again.
Redditors have stated their goal: parity to the USD. They are half way though.
> There aren’t many Bitcoin millionaires through speculation or early mining alone.
The best way not to win is not to play, alleging it's psychologically and economically impossible.
EDIT: for the reply with a quote of DOGE in cents: They just did a 10x event. All they need is another 10x event to get DOGE on par with USDT.
They have already done one with minimal coordination and media attention, so I call that half way through because they already did half the work. It was done in a few days, thus a log scale seems applicable.
Of course, if you care about the linear value in fiat currencies, we have different values, so you may prefer a different choice of words.
- gruez 6y ago>Redditors have stated their goal: parity to the USD. They are half way though. Uhh what? It didn't even reach 0.1 USD.
- 1123581321 6y agoIt doesn’t matter how many you or I personally know as you can see from the transaction record that a short list of people held Bitcoin long enough to turn almost nothing into retirement money. I’m not saying people can’t retire from speculation, but most start with significant assets so don't have as many orders of magnitude to gain.