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RE: Planning An Early Retirement Budget

in #money7 years ago

I invest in crypto but only a small amount. Not enough to change a life. And I'm not a day trader, I don't make predictions based on the movement of any currency. I invest in promise of the cryptocurrency and that is a slow way to profit but it has huge potential in the long term.

It is quite awesome that you trust cryptocurrencies so much that you put 90% of your savings in them. I can't get the image of risk out of my head despite knowing that the risk-reward-ratio is very high.

As for moving abroad, I might move abroad again for a while at some point. But Finland is my home and my family lives here. Family is important to me and living abroad makes visiting harder.

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It is quite awesome that you trust cryptocurrencies so much that you put 90% of your savings in them. I can't get the image of risk out of my head despite knowing that the risk-reward-ratio is very high.

I think you’ve misunderstood what I wrote. Or, more likely, I wasn’t clear enough when I described it. I invested half my savings in crypto. Since then the value of my crypto assets investments have gone up so much, that their share in my savings portfolio amounts to 90% today.

Otherwise I have the same strategy as you: invest a little bit regularly (I buy every week), only in coins that you understand and believe in a long-term potential of, don’t try to day-trade, HODL long-term (3–5 years).

Ah, right! Mine have been up to 50% of my savings. But they went down quite much now

And now they are rising again! ;)