{"id":286584,"date":"2021-06-29T16:25:46","date_gmt":"2021-06-29T13:25:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/retire-early-with-crypto-playing-with-fire\/"},"modified":"2021-06-29T16:25:46","modified_gmt":"2021-06-29T13:25:46","slug":"retire-early-with-crypto-playing-with-fire","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/","title":{"rendered":"#Retire early with crypto? Playing with FIRE"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36eb091c4b0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36eb091c4b0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#What_is_FIRE\" >What is FIRE?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Rogue_states_dodge_economic_sanctions_but_is_crypto_in_the_wrong\" >Rogue states dodge economic sanctions, but is crypto in the wrong?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#We_tracked_down_the_original_Bitcoin_Lambo_guy\" >We tracked down the original Bitcoin Lambo guy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Crypto_PR_The_good_the_bad_and_the_shoddy\" >Crypto PR: The good, the bad and the shoddy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Is_China_softening_on_Bitcoin_A_turn_of_phrase_stirs_the_crypto_world\" >Is China softening on Bitcoin? A turn of phrase stirs the crypto world<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Satoshi_Nakamoto_saves_the_world_in_an_NFT-enabled_comic_book_series\" >Satoshi Nakamoto saves the world in an NFT-enabled comic book series<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#FIRE_and_crypto_dont_mix\" >FIRE and crypto dont mix<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Getting_rich_quickly\" >Getting rich quickly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Selling_up_is_hard_to_do\" >Selling up is hard to do<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Captain_FI\" >Captain FI<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Rogue_states_dodge_economic_sanctions_but_is_crypto_in_the_wrong-2\" >Rogue states dodge economic sanctions, but is crypto in the wrong?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#We_tracked_down_the_original_Bitcoin_Lambo_guy-2\" >We tracked down the original Bitcoin Lambo guy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Crypto_PR_The_good_the_bad_and_the_shoddy-2\" >Crypto PR: The good, the bad and the shoddy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Is_China_softening_on_Bitcoin_A_turn_of_phrase_stirs_the_crypto_world-2\" >Is China softening on Bitcoin? A turn of phrase stirs the crypto world<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Satoshi_Nakamoto_saves_the_world_in_an_NFT-enabled_comic_book_series-2\" >Satoshi Nakamoto saves the world in an NFT-enabled comic book series<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Retirement_plans\" >Retirement plans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Dont_do_it_but_if_you_do_%E2%80%A6\" >Dont do it, but if you do \u2026<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#The_best_of_blockchain_every_Sunday\" >The best of blockchain, every Sunday<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Rogue_states_dodge_economic_sanctions_but_is_crypto_in_the_wrong-3\" >Rogue states dodge economic sanctions, but is crypto in the wrong?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#We_tracked_down_the_original_Bitcoin_Lambo_guy-3\" >We tracked down the original Bitcoin Lambo guy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Crypto_PR_The_good_the_bad_and_the_shoddy-3\" >Crypto PR: The good, the bad and the shoddy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Is_China_softening_on_Bitcoin_A_turn_of_phrase_stirs_the_crypto_world-3\" >Is China softening on Bitcoin? A turn of phrase stirs the crypto world<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-early-with-crypto-playing-with-fire\/#Satoshi_Nakamoto_saves_the_world_in_an_NFT-enabled_comic_book_series-3\" >Satoshi Nakamoto saves the world in an NFT-enabled comic book series<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Retire early with crypto? Playing with FIRE<\/strong>&#8221;<\/p>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine_Retire_early_with_crypto.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                &lt;p&gt;&lt;b&gt;Finance blogger The FI Explorer didnt invest in cryptocurrency in order to retire early  but unlike many of the newly minted crypto rich, he did set out to retire early.&lt;\/b&gt;&lt;b&gt;&lt;br \/&gt;&lt;\/b&gt;&lt;br \/&gt;The FI Explorer, also known as Jason, is part of the FIRE community  financial independence, retire early  where adherents save up to 80% of their income throughout their 20s and 30s in order to either retire early or simply follow their passions.\n<\/code><\/pre>\n<p>For most of his 20-year journey toward his FIRE target of $1.64 million (USD) which was chosen to produce $65,000 in annual income for the rest of his life  Jason directed his savings toward sensible investments, like exchange-traded funds, shares and gold. But after listening to a Bitcoin-focused podcast in 2015, he decided to chance it and put around $3,000  or 0.5% of his portfolio at the time  into the cryptocurrency. Bitcoins astonishing growth since has seen the allocation expand to account for almost a third of his portfolio at its peak and helped him sail past his FIRE target in December 2020, much earlier than expected.<\/p>\n<p>Thats incredible, he tells Magazine. Previously, I had a goal that was laboriously calculated with lots of curves and linear extrapolations, but late last year, I kind of hit it accidentally.<\/p>\n<p>Although crypto has provided some in the FIRE community with a shortcut to reach their goals, it remains controversial  seen by some as an illegitimate, risky path to financial freedom when compared with scrimping and saving to invest in index funds.<\/p>\n<p>Stories of windfall gains attract and repel FIRE proponents in equal measure, explains podcaster and blogger Captain FI.<\/p>\n<p>Its insane, and I think thats what drives a lot of the FOMO in the FIRE community, he says. You know, there is jealousy, like holy shit. Of course. Im jealous of people that have built a $1.5 million [portfolio] overnight.<\/p>\n<blockquote class=\"pullquote align-center\"><p>Look, I shouldnt use the word jealous. Im impressed. Im amazed. But Im also highly suspicious, or skeptical, because easy come, easy go. Ive put money into crypto, and Ive seen a net loss so far.<\/p>\n<\/blockquote>\n<p>So, can cryptocurrency ever be a sensible part of an early retirement plan?<\/p>\n<h4><span class=\"ez-toc-section\" id=\"What_is_FIRE\"><\/span>What is FIRE?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The central concepts of the anti-consumerist movement were first outlined in the 1992 bestseller <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.goodreads.com\/book\/show\/78428.Your_Money_or_Your_Life\"><i>Your Money or Your Life<\/i><\/a>, but FIRE came to prominence thanks to the popularity of the Mr. Money <b>Mustache<\/b> blog. Written by Canadian-born Peter Adeney, it inspired millions to follow his lead by detailing how he retired from his job as a software engineer at the age of 30 by cutting his spending to the bone and investing the bulk of his $67,000 salary into index funds.<\/p>\n<p>The theory behind FIRE is pretty simple: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/investorjunkie.com\/retirement\/25x-rule\/\">Multiply<\/a> your annual expenses by 25 to work out how much you need to retire (based on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.investopedia.com\/terms\/f\/four-percent-rule.asp\">4% annual withdrawal rule<\/a>). Someone who spends $50,000 per year will need to amass around $1.25 million. Somewhat ironically, Adeney now earns vastly more from blogging about early retirement than the $25,000 in annual income his retirement savings of $600,000 would have provided.<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__0_60db29baea0d8    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Rogue states dodge economic sanctions, but is crypto in the wrong?\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine__Decentralization_vs_government_sanctions-75x75.jpeg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine__Decentralization_vs_government_sanctions-75x75.jpeg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine__Decentralization_vs_government_sanctions-100x100.jpeg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine__Decentralization_vs_government_sanctions-350x350.jpeg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Rogue_states_dodge_economic_sanctions_but_is_crypto_in_the_wrong\"><\/span>Rogue states dodge economic sanctions, but is crypto in the wrong?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> June 8, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"We tracked down the original Bitcoin Lambo guy\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_Lambo_guy-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_Lambo_guy-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_Lambo_guy-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_Lambo_guy-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"We_tracked_down_the_original_Bitcoin_Lambo_guy\"><\/span>We tracked down the original Bitcoin Lambo guy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> June 4, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Crypto PR: The good, the bad and the shoddy\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_The_art_of_crypto_PR-75x75.jpeg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_The_art_of_crypto_PR-75x75.jpeg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_The_art_of_crypto_PR-100x100.jpeg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_The_art_of_crypto_PR-350x350.jpeg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_PR_The_good_the_bad_and_the_shoddy\"><\/span>Crypto PR: The good, the bad and the shoddy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> May 14, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Is China softening on Bitcoin? A turn of phrase stirs the crypto world\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_China_s_shift_from_total_crypto_ban_to_embracing_CBDC_and_BTC-75x75.jpeg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_China_s_shift_from_total_crypto_ban_to_embracing_CBDC_and_BTC-75x75.jpeg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_China_s_shift_from_total_crypto_ban_to_embracing_CBDC_and_BTC-100x100.jpeg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_China_s_shift_from_total_crypto_ban_to_embracing_CBDC_and_BTC-350x350.jpeg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Is_China_softening_on_Bitcoin_A_turn_of_phrase_stirs_the_crypto_world\"><\/span>Is China softening on Bitcoin? A turn of phrase stirs the crypto world<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> May 5, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Satoshi Nakamoto saves the world in an NFT-enabled comic book series\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/04\/magazine_Crypto_comics-75x75.jpeg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/04\/magazine_Crypto_comics-75x75.jpeg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/04\/magazine_Crypto_comics-100x100.jpeg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/04\/magazine_Crypto_comics-350x350.jpeg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Satoshi_Nakamoto_saves_the_world_in_an_NFT-enabled_comic_book_series\"><\/span>Satoshi Nakamoto saves the world in an NFT-enabled comic book series<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> April 21, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<p>FIRE is all about moving sensibly and methodically toward this goal, explains Captain FI, who recently semi-retired at age 30 from his job as a pilot after saving around 80% of his income for years.<\/p>\n<p>Its basically about making a few smarter choices early on in life so that you can reap the benefits later on, he tells Magazine, likening it to saving up to buy your first home. Essentially, what FIRE does is you just keep doing that, maybe for another five to 10 years, so that you can build up assets that have cash flow to cover your cost of living.<\/p>\n<p>While that couldnt be further from the get-rich-quick mentality of some in crypto, the key demographic is pretty much the same:<\/p>\n<blockquote class=\"pullquote align-center\"><p>A lot of people in the FIRE community do tend to be  if were going to stereotype  25- to 35-year-old white males that work in tech. I dont know whether were all somewhere on the spectrum<\/p>\n<\/blockquote>\n<p>Despite making as much money from Bitcoin as Mr. Money Mustache retired with, Jason understands why FIRE followers are wary. The common take is highly skeptical, he says. I think thats probably healthy in a way. He adds:<\/p>\n<p>The FIRE community has largely been around low-cost, predictable, but well-diversified portfolios, and really has emphasized that issue of dollar-cost averaging and saving over a long period and compounding [returns]. So, I think cryptocurrency is the antithesis of that. It presents at first blush like the kind of get-rich scam that people are forever warning other people about.<\/p>\n<h4><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"FIRE_and_crypto_dont_mix\"><\/span>FIRE and crypto dont mix<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Mr. Money Mustache is dead against cryptocurrency. In March, he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.mrmoneymustache.com\/2021\/03\/26\/beware-of-the-bubble\/\">wrote<\/a> a piece about how crypto was just a bubble and how This whole situation is just the age-old <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> of stock speculation based on price momentum  which is in turn just another form of gambling.<\/p>\n<p>Another writer held in high esteem by the Australian FIRE community is the Barefoot Investor, Scott Pape, who also regularly warns against cryptocurrency. In a recent column, he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.barefootinvestor.com\/articles\/the-crypto-test\">argued<\/a> that crypto relies entirely on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.investopedia.com\/terms\/g\/greaterfooltheory.asp\">greater fool theory<\/a> and that You only win when some greater fool buys in at a higher price.<\/p>\n<p>If youre persuaded to sell your boring index funds and lay down with dogs, I can almost guarantee youll eventually end up with financial fleas, he added.<\/p>\n<p>Financial commentator Tom Ellison used to write Papes Barefoot Blueprint and says theyd discussed crypto internally and decided against it pretty quickly in the interests of consumer protection.<\/p>\n<p>My views probably align with Scott Papes, says Ellison, who subsequently founded his own financial education service called The Naked Investor. And that is: Its not a currency. Its not a financial investment under the terms of the Australian legislation. But theres no doubt that it has created wealth for a lot of people.<\/p>\n<h4><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Getting_rich_quickly\"><\/span>Getting rich quickly<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>There have of course been countless crypto-based get-rich-quick scams, from Bitconnect-style Ponzi schemes to rug pull scams on Uniswap  leaving aside the sheer recklessness of inexperienced investors tipping money into memecoins based on the fact that they feature the same breed of dog as Dogecoin.<\/p>\n<p>But what separates crypto from most get-rich-quick scams, however, is that people genuinely do get rich  and quick. So rich, in fact, that many find themselves in a position to retire early even without working toward that goal.<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_7961\" aria-describedby=\"caption-attachment-7961\" style=\"width: 379px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-7961\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/simpsons-300x300.png\" alt=\"\" width=\"379\" height=\"379\" \/><figcaption id=\"caption-attachment-7961\" class=\"wp-caption-text\">Words to live by from The Simpsons (Source: FX)<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>This includes former Oracle database product manager Mike Palmeter, who accidentally <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/pulse\/how-retired-early-bitcoin-mike-palmeter\/\">retired<\/a> earlier this year. He explains to Magazine that hed been interested in Bitcoin for years but had been put off by the warnings of critics like economist Nouriel Roubini, who has been insisting its a bubble about to pop for years now. But reading Andreas Antonopoulos <i>Mastering Bitcoin<\/i> in 2017 convinced him there was much more to it.<\/p>\n<p>The very first epiphany that I had is that this is way bigger and way more complex than I can handle. I havent had the time to do nearly enough homework, but the price is moving.<\/p>\n<p>He began investing money as fast as he could until 50% of his portfolio was in Bitcoin and related investments, such as Bitcoin mining companies and payments or trading platforms including Circle, Robinhood and Square.<\/p>\n<p>Hed made a 170% profit when Bitcoins price cratered at the start of 2018, plunging his portfolio to a 50% loss. Palmeter says he was too proud to sell during what came to be known as crypto winter, so instead, he learned as much as possible about blockchain. It left him convinced that Bitcoin was the highest value <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication of blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. Although difficult to accurately value, he was confident it would grow in value:<\/p>\n<blockquote class=\"pullquote align-center\"><p>I studied, and my ego and my arrogance and refusal to admit defeat brought me to a place where I actually thought Id accidentally made the right decision. So, I kept it, and then I started buying more because I thought, This is a long-term play.<\/p>\n<\/blockquote>\n<p>He also learned his lesson from the 2018 market crash and took profits regularly after each big price increase, rebalancing his portfolio to ensure it was split 50% toward Bitcoin investments and 50% toward stocks providing high dividends. Even with the effects of crypto winter factored in, he has made an average return each year over the past five years of 79.67%.<\/p>\n<p>In March, after rebalancing the Bitcoin proportion from 77% back to 50%, he suddenly realized that the income from his stock dividends was now greater than his salary after taxes, regardless of what Bitcoin was doing. He resigned from Oracle in April.<\/p>\n<p>I had no particular interest in retiring right up until the day I realized that I wasnt enjoying my job enough to justify doing it. Since I didnt need the money, why keep doing it? Why not just <i>not<\/i> do it? Thats freedom.<\/p>\n<h4><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Selling_up_is_hard_to_do\"><\/span>Selling up is hard to do<b><\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Palmeter is something of an outlier, and anecdotal evidence suggests that while plenty of crypto holders do end up with paper profits that would enable them to retire, few end up realizing those gains. Most hold on, expecting it to go higher  or because theyve become so addicted to the game that they dont want to leave the table. Its one of the biggest dilemmas with cryptocurrency: Cashing out means losing out on massive potential upside, but not selling means risking life-changing wealth.<\/p>\n<p>\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This happened to so many in 2017, millionaires on paper and never hit the sell button to take out profits, and thus they watched their millions become thousands <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/rGP3bUzydH\">https:\/\/t.co\/rGP3bUzydH<\/a><\/p>\n<p>\u2014 Lark Davis (@TheCryptoLark) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheCryptoLark\/status\/1407082641401139216?ref_src=twsrc%5Etfw\">June 21, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>Curiously enough, Jason  The FI Explorer  didnt cash in his Bitcoin after he crossed his $1.64 million target for early retirement last year, nor did he retire. (He did, however, revise his target upward to $1.94 million to account for inflation and other factors). He says hes happy in his job and has revised his goal toward financial independence rather than early retirement. But hes also been bitten by the Bitcoin bug:<\/p>\n<blockquote class=\"pullquote align-center\"><p>Its one of the most common questions: Well, why dont you sell out? Or why dont you de-risk? And thats really because I do think its got an exciting future. I dont necessarily want to rely on crypto for my FIRE. So for me, Im sort of interested to follow it and see where it goes.<\/p>\n<\/blockquote>\n<p>Jason points out that if hed followed the conventional, sensible financial advice around asset allocation and de-risking, I would have sold out years ago and left about A$500,000 or more on the table.<\/p>\n<h4><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Captain_FI\"><\/span>Captain FI<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Captain FI recently hit his personal retirement target and now works just two days per week. The 30-year-old did it the hard way too, by saving more than 80% of his income and dollar-cost averaging into index funds. He reels off stats about how it would take 51 years to retire by saving 10% of your income, and 22 years if you save 20%. Captain FI did it in just 11 years, and as we chat, a moving van shows up to take his stuff from Sydney back to South Australia where hell live his life of leisure. He explains that he used to be a crypto skeptic.<\/p>\n<p>I was very against cryptocurrencies because I didnt understand them, he tells Magazine. My idols in the investment community  Warren Buffett, Charlie Munger and Kevin O\u2019Leary  were all very dismissive of Bitcoin.<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__1_60db29baf0442    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Rogue states dodge economic sanctions, but is crypto in the wrong?\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine__Decentralization_vs_government_sanctions-75x75.jpeg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine__Decentralization_vs_government_sanctions-75x75.jpeg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine__Decentralization_vs_government_sanctions-100x100.jpeg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine__Decentralization_vs_government_sanctions-350x350.jpeg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Rogue_states_dodge_economic_sanctions_but_is_crypto_in_the_wrong-2\"><\/span>Rogue states dodge economic sanctions, but is crypto in the wrong?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> June 8, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"We tracked down the original Bitcoin Lambo guy\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_Lambo_guy-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_Lambo_guy-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_Lambo_guy-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_Lambo_guy-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"We_tracked_down_the_original_Bitcoin_Lambo_guy-2\"><\/span>We tracked down the original Bitcoin Lambo guy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> June 4, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Crypto PR: The good, the bad and the shoddy\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_The_art_of_crypto_PR-75x75.jpeg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_The_art_of_crypto_PR-75x75.jpeg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_The_art_of_crypto_PR-100x100.jpeg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_The_art_of_crypto_PR-350x350.jpeg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_PR_The_good_the_bad_and_the_shoddy-2\"><\/span>Crypto PR: The good, the bad and the shoddy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> May 14, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Is China softening on Bitcoin? A turn of phrase stirs the crypto world\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_China_s_shift_from_total_crypto_ban_to_embracing_CBDC_and_BTC-75x75.jpeg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_China_s_shift_from_total_crypto_ban_to_embracing_CBDC_and_BTC-75x75.jpeg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_China_s_shift_from_total_crypto_ban_to_embracing_CBDC_and_BTC-100x100.jpeg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_China_s_shift_from_total_crypto_ban_to_embracing_CBDC_and_BTC-350x350.jpeg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Is_China_softening_on_Bitcoin_A_turn_of_phrase_stirs_the_crypto_world-2\"><\/span>Is China softening on Bitcoin? A turn of phrase stirs the crypto world<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> May 5, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Satoshi Nakamoto saves the world in an NFT-enabled comic book series\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/04\/magazine_Crypto_comics-75x75.jpeg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/04\/magazine_Crypto_comics-75x75.jpeg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/04\/magazine_Crypto_comics-100x100.jpeg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/04\/magazine_Crypto_comics-350x350.jpeg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Satoshi_Nakamoto_saves_the_world_in_an_NFT-enabled_comic_book_series-2\"><\/span>Satoshi Nakamoto saves the world in an NFT-enabled comic book series<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> April 21, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<p>Curiously enough, it was a bad joke he made about preferring chocolate coins to Bitcoin on a podcast  at least you can still eat the chocolate when the price goes to zero  that was responsible for his conversion. I thought that was a bit of a funny joke that I got absolutely smashed by all of the crypto people, he laughs. I was like, shit, maybe I better look into it.<\/p>\n<p>He invited Bitcoin proponent Stephan Livera onto his podcast, who helped convince him of Bitcoins potential value and that it was a risk worth taking. He now has a small cryptocurrency portfolio split between Bitcoin and Ether.<\/p>\n<blockquote class=\"pullquote align-center\"><p>Crypto  I definitely see it as an asset with an asymmetric risk profile, right? So yes, theres a risk that its going to go to zero. But also, theres a risk that it could, you know, 10x or 100x, which is really cool.<\/p>\n<\/blockquote>\n<p>Captain FI intends to eventually allocate around 1% of his portfolio to crypto. If it does go massive, then that will drag the rest of the portfolio up with it, he says, adding further:<\/p>\n<p>Im willing to take a somewhat-educated punt on it. Because it is really interesting. It has solid fundamentals, I can see the application of it.<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_7974\" aria-describedby=\"caption-attachment-7974\" style=\"width: 342px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-7974\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/stephan-livera-300x193.jpg\" alt=\"\" width=\"342\" height=\"220\" \/><figcaption id=\"caption-attachment-7974\" class=\"wp-caption-text\">Bitcoin maximalist Stephan Livera joined Captain FI\u2019s podcast.<\/figcaption><\/figure>\n<h4><span class=\"ez-toc-section\" id=\"Retirement_plans\"><\/span>Retirement plans<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The retirement industry itself seems wary of crypto. Apart from a new partnership between ForUsAll and Coinbase, its difficult to find a 401(k) plan in the United States offering crypto investments. In Australia, the equivalent of a 401(k) is called superannuation, and most funds dont want anything to do with crypto. However, crypto fans are able to set up self-managed superannuation funds (SMSFs) to manage their own investments  and are doing so in increasing numbers.<\/p>\n<p>BTC Markets CEO Caroline Bowler tells Magazine that the number of SMSF accounts trading on the exchange grew fivefold last year, and balances have grown exponentially too.<\/p>\n<p>Where previously we would have seen investments come in in the tens of thousands of dollars for SMSFs, were now seeing it move into the low hundreds of thousands, she says, adding that the typical user isnt near retirement age.<\/p>\n<blockquote class=\"pullquote align-center\"><p>It would be people in their thirties who are actively taking control because they are crypto conversant  theyre familiar with it, theyre comfortable with it.<\/p>\n<\/blockquote>\n<h4><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Dont_do_it_but_if_you_do_%E2%80%A6\"><\/span>Dont do it, but if you do \u2026<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Ellison is a licensed financial advisor who has spent much of the past two decades advising people on retirement planning and has written two books on the topic. His advice often boils down to spend less than you earn, [\u2026] and put aside whats left, and accumulate that over a long period of time in assets that compound in value. He invariably directs people to the four main asset classes  stocks, property, cash and fixed interest  and believes most investments outside these are risky.<\/p>\n<p>So, he definitely thinks crypto is far too hazardous to gamble your retirement on. In terms of my retirement, its not something I would consider remotely, even if there was a chance that it was going to go up a hundredfold or thousandfold, he says, adding:<\/p>\n<p>If somebody wants to do that, then as Ive written before, thats gambling. Its pure speculation. Whether somebody is prepared to speculate and risk their future retirement, I guess thats a matter for them.<\/p>\n<p>\u00a0<\/p>\n<p>(function() {window.mc4wp = window.mc4wp || {listeners: [],forms: {on: function(evt, cb) {window.mc4wp.listeners.push({event   : evt,callback: cb});}}}})();<!-- Mailchimp for WordPress v4.8.6 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><\/p>\n<div class=\"mc4wp-form-fields\">\n<div class=\"jeg_mc4wp_heading\">\n<h3><span class=\"ez-toc-section\" id=\"The_best_of_blockchain_every_Sunday\"><\/span>The best of blockchain, every Sunday<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>  Subscribe for thoughtful explorations and leisurely reads from Magazine.<\/p>\n<\/div>\n<p>By subscribing you agree to our Terms of Service and Privacy Policy<\/div>\n<p><label>Leave this field empty if you&#8217;re human: <\/label><\/p>\n<div class=\"mc4wp-response\"><\/div>\n<p><!-- \/ Mailchimp for WordPress Plugin --><\/p>\n<p>\u00a0<\/p>\n<p>He explains that one of the first things advisers do when they take on new clients is assess their risk tolerance.<\/p>\n<p>With all those risk assessments, nobody really knows how youre going to feel or react when youve lost a lot of money, he says. The only way to actually find out your real risk tolerance is still to lose some money or go through one of those once-in-a-decade activities like the 87 crash or the GFC [global financial crisis], or last years crash.\u201d<\/p>\n<p>Youll find out your risk tolerance pretty quickly with crypto, given that marketwide 30%50% drawdowns happen every few months. The price of Bitcoin peaked at $65,000 in April and has since almost halved to reach its current price, which is closer to $35,000. And individual coins lose and gain more than that every week. So, its only really suitable for investors able to tolerate such a stomach-churning ride.<\/p>\n<p>Ellison explains that a sensible approach for highly risky or speculative investments is to allocate only a certain percentage of a portfolio to it.<\/p>\n<p>For most people, the highly risky, totally speculative part of a portfolio certainly shouldnt exceed 10%  and thats for an aggressive investor, he tells Magazine, adding that investors who are more risk-averse might set the limit between 1% and 2%. While he points out that the vast majority of speculative investments fail, if a gamble does pay off, he encourages investors to take profits rather than hold on. Jason gives similar advice:<\/p>\n<p>Never put in more than you can afford to lose, and probably dont rely on it as the vehicle for your FIRE goals because its very speculative. Id never advise anybody to follow that pathway. But I think people are doing that anyway.<\/p>\n<p>He adds that theres a difference between being cautious with money and being closed off to new opportunities:<\/p>\n<blockquote class=\"pullquote align-center\"><p>I think a lot of that is always a sign of a really good financial education being drummed into people over years and years and years. And its maybe just that new possibilities are opening up which you just need to have an open mind about, without necessarily becoming a full-blown believer.<\/p>\n<\/blockquote>\n<p>One person who is no longer taking Ellisons investment advice is his son: I put him into a stock two years ago, and he made five times his money on it. And he sold it one cent from the top, and he put it into Dogecoin, Ellison says, referring to Elon Musks favorite memecoin.<\/p>\n<p>Ellisons son now thinks hes an investment genius and that his old man should retire and hand over the reins. He says I should just let him take over, laughs Ellison.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__2_60db29bb067c3    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Rogue states dodge economic sanctions, but is crypto in the wrong?\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine__Decentralization_vs_government_sanctions-75x75.jpeg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine__Decentralization_vs_government_sanctions-75x75.jpeg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine__Decentralization_vs_government_sanctions-100x100.jpeg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine__Decentralization_vs_government_sanctions-350x350.jpeg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Rogue_states_dodge_economic_sanctions_but_is_crypto_in_the_wrong-3\"><\/span>Rogue states dodge economic sanctions, but is crypto in the wrong?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> June 8, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"We tracked down the original Bitcoin Lambo guy\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_Lambo_guy-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_Lambo_guy-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_Lambo_guy-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_Lambo_guy-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"We_tracked_down_the_original_Bitcoin_Lambo_guy-3\"><\/span>We tracked down the original Bitcoin Lambo guy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> June 4, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Crypto PR: The good, the bad and the shoddy\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_The_art_of_crypto_PR-75x75.jpeg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_The_art_of_crypto_PR-75x75.jpeg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_The_art_of_crypto_PR-100x100.jpeg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_The_art_of_crypto_PR-350x350.jpeg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_PR_The_good_the_bad_and_the_shoddy-3\"><\/span>Crypto PR: The good, the bad and the shoddy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> May 14, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Is China softening on Bitcoin? A turn of phrase stirs the crypto world\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_China_s_shift_from_total_crypto_ban_to_embracing_CBDC_and_BTC-75x75.jpeg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_China_s_shift_from_total_crypto_ban_to_embracing_CBDC_and_BTC-75x75.jpeg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_China_s_shift_from_total_crypto_ban_to_embracing_CBDC_and_BTC-100x100.jpeg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/05\/magazine_China_s_shift_from_total_crypto_ban_to_embracing_CBDC_and_BTC-350x350.jpeg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Is_China_softening_on_Bitcoin_A_turn_of_phrase_stirs_the_crypto_world-3\"><\/span>Is China softening on Bitcoin? A turn of phrase stirs the crypto world<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> May 5, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Satoshi Nakamoto saves the world in an NFT-enabled comic book series\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/04\/magazine_Crypto_comics-75x75.jpeg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/04\/magazine_Crypto_comics-75x75.jpeg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/04\/magazine_Crypto_comics-100x100.jpeg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/04\/magazine_Crypto_comics-350x350.jpeg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Satoshi_Nakamoto_saves_the_world_in_an_NFT-enabled_comic_book_series-3\"><\/span>Satoshi Nakamoto saves the world in an NFT-enabled comic book series<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> April 21, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/magazine\/2021\/06\/29\/retire-early-with-crypto-playing-with-fire\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Retire early with crypto? Playing with FIRE&#8221; &lt;p&gt;&lt;b&gt;Finance blogger The FI Explorer didnt invest in cryptocurrency in order to retire early but unlike many of the newly minted crypto rich, he did set out to retire early.&lt;\/b&gt;&lt;b&gt;&lt;br \/&gt;&lt;\/b&gt;&lt;br \/&gt;The FI Explorer, also known as Jason, is part of the FIRE community financial independence, retire early&#8230;<\/p>\n","protected":false},"author":1,"featured_media":286585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/06\/magazine_Retire_early_with_crypto.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-286584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/286584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=286584"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/286584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/286585"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=286584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=286584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=286584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}