Khmer_Risotto wrote: ↑Wed Sep 08, 2021 2:14 am Generally, people that are able to retire in their 30s are decent investors.

The dude got it from crypto. Hardly a reliable indicator of future performance.

nerdlinger wrote: ↑Wed Sep 08, 2021 2:47 am

Khmer_Risotto wrote: ↑Wed Sep 08, 2021 2:14 am Generally, people that are able to retire in their 30s are decent investors.

The dude got it from crypto. Hardly a reliable indicator of future performance.

cope

You seem to be assuming ill intent from myself and other posters here where there is none. Have we touched a nerve maybe?

CloudWarrior wrote: ↑Tue Sep 07, 2021 11:12 pm
True. I was just talking about before I got into crypto or learned about investing, being able to spot the 2017 top and 2018 bottom. My approach now is to estimate the likely maximum duration of a bear market based on a number of changing factors, should it start at any point in the cycle and have enough cash on hand to live through one, should it occur. So it's a lot less focused on exact timing, the cash is to ride out not perfectly predictable market cycles when they occur.

The cruel irony of this thread is that literally within one hour of you making that post, BTC, ETH and co all lost over 15% of their value. So I guess it’s $340k you’re retiring on?

CloudWarrior wrote: ↑Tue Sep 07, 2021 11:12 pm

Kammekor wrote: ↑Tue Sep 07, 2021 10:58 pm

CloudWarrior wrote: ↑Tue Sep 07, 2021 10:48 pm I was able to accurately know when BTC was at the top and bottom of it's cycles.

I think you're wearing pink painted glasses now, and are overestimating yourself. Anyone able to constant predict tops and bottoms of markets is nothing less than GOD. Your experience with BTC over the last few years has no predictive value at all for the next decade. No matter what you believe.

Making (serious) money in Bitcoin over the last two years has been a very, VERY easy ride, even I managed to do so (a bit).

True. I was just talking about before I got into crypto or learned about investing, being able to spot the 2017 top and 2018 bottom. My approach now is to estimate the likely maximum duration of a bear market based on a number of changing factors, should it start at any point in the cycle and have enough cash on hand to live through one, should it occur. So it's a lot less focused on exact timing, the cash is to ride out not perfectly predictable market cycles when they occur.

But you make a good point and I will definitely gain some other skills, and get something else going as backup/fail safe.

Hey @CloudWarrior , one thing nobody else has mentioned yet, but is quite important. Trading Cryptocurrencies is not allowed in Cambodia. I cannot cite you the law, but whenever you buy your crypto, through Binance for example, and pay the counterparty with your "Fiat" US$'s, they make a very big deal about never mentioning on the memo any words like USDT or Crypto or Binance etc.

Apparently, the banks, and ABA in particular, will close your account if they find out you are dealing in cryptos. Others on here will know more about this.

Once you have your money in cryptos and you're trading away this is not be a problem, but sooner or later you will need to cash in some of your crypto profits and return it to "Fiat" world to pay rent, buy dinner or the other things in the real world.

At the moment this is not causing any real problems, but China hates Crypto because it can't control it, and Cambodia might well follow suit in support (as with online gambling) and make life much harder for people to bridge the gap between crypto world and getting $500 smackers out of the ATM in downtown Phnom Penh.

Just a macro thought for you to ponder on.

If you want to stay long term you could apply for one of the jobs at the Chinese setup in Sihanoukville - …

SternAAlbifrons wrote: ↑Tue Sep 07, 2021 11:01 pm As a kiwi in Oz, how will i go getting an E-type?
No biz or employment in Cambodia. Will be wanting an ER asap after arrival.
Thnx.

You have to apply via the Cambodian Embassy in Canberra, and their criteria demands business/employment related supporting documentation. Contact them directly to confirm.

The op didnt ask for investment advice, he asked about visas. Psd kiwi is the best reliable visa advice on here. Ignore the rest of the noise.