4 ms·

My brother was a doctor and was able to take an extended hiatus for a long time. He gave me these words of wisdom that I have found true as well. “You need a

My brother was a doctor and was able to take an extended hiatus for a long time. He gave me these words of wisdom that I have found true as well. “You need a job or you get weird.” Humans are built for problem solving and the struggle and the adventure of challenge. I think we need it like we need food, water, sleep, etc. I quit my job as a scientist and rolled over all my retirement into Bitcoin a few years ago. That has gone well. I started a business of growing medical marijuana and I love that. That has gone well too. Incredible amounts of work and 12 hour days and struggles, especially at first, but I love the challenge of trying to grow the best in the world and in my area. I will probably be able to quit if I wanted to soon. But I can’t imagine what I would do. I want to travel but I know that won’t last. I’ll probably just scale back my weed operation some but still concentrate on chasing the dragon of growing the best weed. I love it that much. I should also add that I don't even use marijuana. I just love plants and always have.

globular-toast 5y ago
> Humans are built for problem solving and the struggle and the adventure of challenge. I think that's only true for some people. More generally we need to feel useful. For many people (women especially) that means caring for people, making sure they are well fed, warm etc. not problem solving or adventure.
julianlam 5y ago
Does it not worry you that you can wake up one day and find that your retirement fund has disappeared, or that it's value has plummeted to the point where it is no longer financially feasible to draw from for day-to-day living? At least with money in traditional index fund investments, entire economies have to collapse before my money goes away, and if there's one thing I learned about the stock market, is that it can be irrational (yet irrationally consistent!) far longer than I expect it can be.
- JohnJamesRambo 5y ago
  No it doesn’t worry me. I don’t even need my retirement money right now, I have the money from the medical marijuana business for day to day expenses. Bitcoin follows a four year cycle caused by the halving dates and my money was put in near this cycle’s low. It would have to fall an incredible amount for me to even be close to what I put in. The real gutsy move was putting it in back then. But every sign I knew pointed to it being a good idea. https://www.tradingview.com/chart/BTCUSD/UuzUBUTa-Bitcoin-4-Year-Cycle/ https://www.tradingview.com/chart/BTCUSD/UuzUBUTa-Bitcoin-4-... The end of the cycle is this December and I will sell and diversify my portfolio in case crypto fails completely. I will buy back in crypto after a year with a significant portion of my portfolio though. I don’t see crypto going away ever. I see the next decade being the decade of hard money like crypto and gold after the unprecedented money printing decade we just experienced. https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL I think you should be more worried about your stock portfolio crashing. I won’t be in equities again until I see a significant reversion to the mean. They were overextended a few years ago, now we need a new word for what they are haha. https://www.currentmarketvaluation.com/models/buffett-indicator.php https://www.currentmarketvaluation.com/models/buffett-indica... https://www.currentmarketvaluation.com/models/s&p500-mean-reversion.php https://www.currentmarketvaluation.com/models/s&p500-mean-re...
  - prancer_or_vix 5y ago
    Legit question: what's going to happen when bitcoin is no longer produced? Like, there's a finite amount of bitcoin that will ever be mined, and after that, why would anyone keep running their mining operations? How do transactions get verified after that? Doesn't the entire viability of bitcoin as a currency depend on miners mining?
    - vb6sp6 5y ago
      Miners get the transaction fee in addition to a mining reward. Once the last coin is mined, the reward goes away but the transaction fee remains
      - 5y ago

globular-toast 5y ago

> Humans are built for problem solving and the struggle and the adventure of challenge. I think that's only true for some people. More generally we need to feel useful. For many people (women especially) that means caring for people, making sure they are well fed, warm etc. not problem solving or adventure.

julianlam 5y ago

Does it not worry you that you can wake up one day and find that your retirement fund has disappeared, or that it's value has plummeted to the point where it is no longer financially feasible to draw from for day-to-day living? At least with money in traditional index fund investments, entire economies have to collapse before my money goes away, and if there's one thing I learned about the stock market, is that it can be irrational (yet irrationally consistent!) far longer than I expect it can be.

JohnJamesRambo 5y ago
No it doesn’t worry me. I don’t even need my retirement money right now, I have the money from the medical marijuana business for day to day expenses. Bitcoin follows a four year cycle caused by the halving dates and my money was put in near this cycle’s low. It would have to fall an incredible amount for me to even be close to what I put in. The real gutsy move was putting it in back then. But every sign I knew pointed to it being a good idea. https://www.tradingview.com/chart/BTCUSD/UuzUBUTa-Bitcoin-4-Year-Cycle/ https://www.tradingview.com/chart/BTCUSD/UuzUBUTa-Bitcoin-4-... The end of the cycle is this December and I will sell and diversify my portfolio in case crypto fails completely. I will buy back in crypto after a year with a significant portion of my portfolio though. I don’t see crypto going away ever. I see the next decade being the decade of hard money like crypto and gold after the unprecedented money printing decade we just experienced. https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL I think you should be more worried about your stock portfolio crashing. I won’t be in equities again until I see a significant reversion to the mean. They were overextended a few years ago, now we need a new word for what they are haha. https://www.currentmarketvaluation.com/models/buffett-indicator.php https://www.currentmarketvaluation.com/models/buffett-indica... https://www.currentmarketvaluation.com/models/s&p500-mean-reversion.php https://www.currentmarketvaluation.com/models/s&p500-mean-re...
- prancer_or_vix 5y ago
  Legit question: what's going to happen when bitcoin is no longer produced? Like, there's a finite amount of bitcoin that will ever be mined, and after that, why would anyone keep running their mining operations? How do transactions get verified after that? Doesn't the entire viability of bitcoin as a currency depend on miners mining?
  - vb6sp6 5y ago
    Miners get the transaction fee in addition to a mining reward. Once the last coin is mined, the reward goes away but the transaction fee remains
    - 5y ago