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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

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
    - prancer_or_vix 5y ago
      is it still profitable?
      - vb6sp6 5y ago
        depends on the cost of electricity

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
  - prancer_or_vix 5y ago
    is it still profitable?
    - vb6sp6 5y ago
      depends on the cost of electricity