It is during these quiet times that you get to appreciate all the effort and work you have put into your portfolio thus far. Since march this year my COTI stake has increased by over 10x and I am not even halfway to my target goal. I have achieved last years goal and nearly half way to achieving this years goal which will be achieved by June next year.
I think there is a fear that you won't have enough to change your financial status when the next ATH's happen. The crypto cycles tend to repeat in a set time line and if that is the case I know I will have one more cycle after this one to reach my retirement goals. This would be a total of 12 years in Crypto which is not long if you compare you have been working all your life to guarantee a comfortable pension.
The fact is these 12 years will be more lucrative than a pension you have been building for the last 40 years which is over 3 x longer time wise. I find this fascinating as only a small percentage of us can see the value of crypto holding long term and building a solid foundation. I don't plan to have just a comfortable pension as that would be settling as so much more can be achieved and why the institutions are seriously worried about what we all have.
Having a pension plan in place is great but the worry is what the value will be when you actually retire. Today I bought my son replacement tyre on his car after hitting a pot hole yesterday and one tyre is now costing what 4 tyres were costing 10 years ago. This I find terrifying as prices are no longer in tune with reality. I just don't see how the average Joe can retire comfortably as the comfortable pension you have worked so hard to achieve is being eroded at such a fast rate. Having $1 million today is nothing if we had to compare that value to how it was viewed 10 years ago as you need so much more.
Society in general today is all about now and no thought about 5 years time with the idea you have to work for what you want. Your life is defined by your actions and how you deal with what you have in front of you. We have crypto and it would be a shame not to maximise our knowledge and skills we all have learned.
Crypto is going to be a must have in anyone's retirement portfolio being able to earn a passive income to top up the shortages of a pension plan. The world has changed so much over the last decade that the idea of finding a top up was never even thought of. How many people will not be able to afford to retire is the sad part and in many ways society has failed them.
