[Endri]

I thought FI people were better than pro crypto. I understand individual opinions and small minorities but it seems to me, with the current up market we are back in the ‘high feeling’ of 2021.

Where even barbers and uber drivers were experts on crypto and how confident they were on this new found source of income.

Haven’t we been here before? Since the tulip bubble of the 17th century Netherland?

What are you doing people? Falling for this high yet again.
FI people are supposed to be more educated to avoid falling for this.

What happened to real estate?

What happened to buying stocks as businesses? Or having faith in the American economy (stock market) in the long run.

Stay the course to what has worked for hundreds of years and avoid falling for some novelty.

Let’s FI ourselves and not Un-FI ourselves.

[Stephanie]

I’m not a crypto person…

I thought FI people were past the point of judging others for things that don’t impact them and deciding to close off or shame people who did make/invest their money in non-traditional ways.

Move on! It doesn’t affect your life!

[Jake]

I’ve worked full time in the industry for 9 years. There’s a very pronounced 4 year cycle, but the price has never fallen below the price 4 years earlier.

No tulip bulbs. But retail investors like you’re describing tend to get caught up in it for hype and get burned because they don’t have a long time horizon.

Bitcoin isn’t a get rich quick scheme, it’s a long term investment. Buy and hold for minimum 4 years, but hopefully a lot longer.

Really, any investment bought with the intent to sell within a year or two shouldn’t have been purchased in the first place and just goes to show the buyer didn’t have any confidence in that investment.

[Rob]

FI is not about vtsax. FI is about reaching goals. You can start a business, buy real estate, bonds, crypto, tulips, etc.

I’ve tried it all and btc has gotten me closer to my goals than anything else. Open your mind and be a student of everything.

[Joel]

I don’t know what you’re talking about. I’m FIREd. I own no crypto. I also own no real estate outside of VNQ and a couple of publicly traded REITs.

When I was accumulating most of the FIRE bloggers talked about low cost index investing. Hell, all the one *I* pay any attention to still do.

It was a simple, easy to understand way of accumulating real wealth while taking a quantifiable amount of risk.

It worked for me. It can work for anyone that actually follows the path. But it takes time and patience.

[John]

Real assts do not fluctuate wildly in value on a day to day basis. Bitcoin does.

Buy the dip, make money on the swing, but never believe that it’s got any actual value or utility, because it never has and never will.

[Author]

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