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RE: Retiring on Cryptos

in #cryptocurrency7 years ago

Retiring would be nice, haha.
Anyway, I was looking at Iconomi's BLX it includes like 20 currencies which gives a great option for long term investments. It doesn't need to grow 100%, I'm thinking of depositing something small every month, like 50€ and with the BLX's adaption to the market, I could get a nice amount of money over time, with at least 10% growth every 6months, I could be able to live from it in no more than 5-10 years with smaller risks than I would have with ALTcoins.
What do you think?

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I can only think in personal terms and not give advice. First I will never retire until forced to... I like doing stuff to much and growing things like my business... but I am aiming at a security income sooner than later (within a few years at most). Adding monthly is great though, even small amounts as the become cumulative (dollar cost averaging theory). 10% growth in anything is great... can't get it in a bank and that's what many outside the cryptos miss. (PS I only have 50% in Alts).

_**One more PS, This is only a game for me... I am playing only with loosable amounts of initial investment, then a bit of trading to grow it).

Yes, I can totally agree with everything you said. And I am doing and aiming to do similar as you said.