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‘It’s not too late to invest’ -Breaking

by Mike Robinson

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The €1M Bitcoin retirement plan reaches 200K: ‘It’s not too late to invest’

The motivations behind buyingBTCThere are many: Protect yourself against inflationFinancial independence, aspirations for a Lamborghini or a life under the sun.

For “Mr. ERB,” a keen blogger and Bitcoin enthusiast, it’s all about retiring early. ERB posts a complete account of his finances to his blog. BlogCointelegraph spoke with him about his Bitcoin retirement plans.

ERB’s Bitcoin strategy favors Bitcoin over US dollars. Source: er-bybitcoin.com
Orange is the retirement account in Euros, while green is Bitcoin’s price. The amount of cash that has been invested is indicated by the dotted line. Source: er-bybitcoin.com
  1. “Keep mining fiat, keep buying Bitcoin.” And don’t try to get rich quickly because “you’re not gonna.”
  2. “Give yourself 5 years” to really get to know Bitcoin (that works out at one year more A Bitcoin halving is better than any other methodYou should really spend the effort to understand. Listen to the right podcasts, read the right books and learn if “it was a good idea to invest in Bitcoin.”
  3. “Resist the urge to orange pill everyone around you,” particularly early on in the Bitcoin learning curve. ERB admits he may have some “damage” to certain relationships due to his overexuberance in Bitcoin at an early stage of his Bitcoin education.
  4. Finally, HODL. The Crash in March 2020 price of Bitcoin down to $3,600 “felt really bad,” ERB explains that “in hindsight, those were the best times to buy.”