So, ive been lurking here for quite a while and i see that highly upvoted posts talk about how Bitcoin will free us all and how we can make really great money and etc. But you all know that rich people, governments, all those big entities interested in money (i will just refer to them as rich people), they make sure Bitcoin & Altcoins stay volatile, because normal people will panic and sell at a loss, when it goes down, the rich people will buy. This essentially means they exploit people's lack of discipline, which is nothing out of ordinary for this world honestly.
I feel like this will go on for at least 4 more years. This constant BTC is dead and then its revived, until Bitcoin becomes so common that your grandma will receive emails from her bank where they advise a Crypto-Portfolio, as an long term investment oppurtunity. It all sounds simple: just keep stacking Bitcoins, dont stop and stop looking at charts daily.
Ive just been recently thinking: how many of us will really make life changing money, use it wisely to actually change our lifes and do another succesful venture down the line. I hope you people dont just collect Bitcoins and actually consider investing into something different, like buying real estate (besides your apartment) and renting it out or selling it somewhere down the line for more than you bought.
When do you think youll pull out of Crypto? Ill be honest, im not sure if i have the discipline to hold until 500k, but thats where ill sell or pull out of crypto hard. I think Crypto is for most of your first real (if even) serious investment venture. But its your first, shouldnt be the last, unless you think youll keep BTC locked for 10-15 years and wont even touch anything, but even then, you wont make enough money to live for the rest of your life. Youll have to think of new ventures, keep yourself busy and liquid in cash until then.
With all this said, i feel like Bitcoin is yet another way for wealthy people, to make money. I mean, sure, if youre young and invest 400 USD each month for 10 years, itll maybe 3x, so to about 144k, but thats not a lot of money, you have to be very disciplined, working every month, it feels like only the select medium to high income people can achieve this. I cannot stretch how important it is to be disciplined. Since i have made my fortune elsewhere, im not relying on bitcoin to make me rich, its just a side investment. But i think for some of you, its your main investment, because your job wont make you rich.
If that is the case, shouldnt you look for ways to make bank with your job? Become Self-employed? Do something to establish your wealth & discipline before you hop in Bitcoin? Crypto aint the main income...only for very very select few, but theyll probably be day trading, which is stressfull or just create their own meme coins that are dogshit (which is immoral).
What do you guys think, is bitcoin really a tool for the people who cant save much per month? Those people are the group of people who lack discipline the most (usually) and Bitcoin needs heavy discipline, so it feels like a mismatch..
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments