Deep down, all crypto people know most of it is a scam/LARP. Doge coin and NFTs show this. Doubt many of the prices people are touting for their rock JPEGs are real and most of the thousands of alt coins will go to zero. I say you focus your energy on rooting for crypto to implode.
It’s not straining your friends. They’re fine, they have moved on to a better situation.
Does your ex-girlfriend’s new boyfriend put a strain on that former relationship?
zxcvzxcv wrote:
I don't believe you for a second. But just remember that money isn't everything. The happiest people are a bit above middle income. They have an adequate amount of money to live on and do some traveling. That's all you need.
OP here. I see a lot of people don't believe, which surprises me.
First, take a look at the price chart for Solana (just google Solana price and click on the CMC result).
It's gone up 4300% since March. Even a modest investment would yield some pretty big payoffs. I am not pimping Solana and I don't own any. In fact, I think it's probably a bad investment right now.
These friends in question rode the 2016/2017 crypto bubble with initial investments of somewhere in the ballpark of 25k-100k. Ethereum was trading at $4 in 2016. It is now trading at $3300.
It's more complicated than that, obviously. They all took risks with the money they made on some riskier "coins", some of which were spectacular failures. But some of which were not, and a 1/3 success rate in crypto is probably enough to get you rich.
It doesn't bother me that people believe me or no, but it is true. There are people getting rich off of crypto for no particularly good reason other than they like to gamble.
will twerk for tip$ wrote:
zxcvzxcv wrote:
I don't believe you for a second. But just remember that money isn't everything. The happiest people are a bit above middle income. They have an adequate amount of money to live on and do some traveling. That's all you need.
OP here. I see a lot of people don't believe, which surprises me.
First, take a look at the price chart for Solana (just google Solana price and click on the CMC result).
It's gone up 4300% since March. Even a modest investment would yield some pretty big payoffs. I am not pimping Solana and I don't own any. In fact, I think it's probably a bad investment right now.
These friends in question rode the 2016/2017 crypto bubble with initial investments of somewhere in the ballpark of 25k-100k. Ethereum was trading at $4 in 2016. It is now trading at $3300.
It's more complicated than that, obviously. They all took risks with the money they made on some riskier "coins", some of which were spectacular failures. But some of which were not, and a 1/3 success rate in crypto is probably enough to get you rich.
It doesn't bother me that people believe me or no, but it is true. There are people getting rich off of crypto for no particularly good reason other than they like to gamble.
I'd say ignore crypto and build slowly and steadily with traditional methods. It won't grow you as much as your friends but you'll be comfortable as it is. I make $hit wages but still have a so-so net worth (125k) even with that said. The key is to PAY YOURSELF FIRST.
There are a lot of posters here just so completely unaware of crypto it's incredible, even after more than a decade.
If you bought dogecoins in January of this year, yes this year, they were less than a cent. The price peaked at about 70 cents in May, several months later. That is 70x returns! A bored and/or gambling addicted, tech-savvy millennial with an an extra $15000 to YOLO, like imagine a 30 year old programmer or accountant or something, could have made over a million dollars in 5 months.
This kind of thing is like 1% "investing" and 99% gambling, yes, and doesn't say much about the current state of society or the economy. Young people now are so desperate that they (somewhat correctly) think the only way they can "make it" is by semi-ironically buying wacky dog internet coins. Not a good long-term outlook for us
big daddy wrote:
There are a lot of posters here just so completely unaware of crypto it's incredible, even after more than a decade.
If you bought dogecoins in January of this year, yes this year, they were less than a cent. The price peaked at about 70 cents in May, several months later. That is 70x returns! A bored and/or gambling addicted, tech-savvy millennial with an an extra $15000 to YOLO, like imagine a 30 year old programmer or accountant or something, could have made over a million dollars in 5 months.
This kind of thing is like 1% "investing" and 99% gambling, yes, and doesn't say much about the current state of society or the economy. Young people now are so desperate that they (somewhat correctly) think the only way they can "make it" is by semi-ironically buying wacky dog internet coins. Not a good long-term outlook for us
Good post.
I think the standard of living has gone up so high and wages have stayed stagnant they are resorting to desperate measures like this.
In the '70s and '80s you could do so much more with a living wage even if the tech wasn't what it was today. College was also affordable.
Wage stagnation has also seen people turn to alt currency as they are realizing their current jobs and employment situations suck, but they don't want to work 3-4 jobs at once to stay afloat (main job with health insurance but bad pay, then 2-part time jobs like Uber and DoorDash), so this is another stream to nail income with.
jecht wrote:
big daddy wrote:
There are a lot of posters here just so completely unaware of crypto it's incredible, even after more than a decade.
If you bought dogecoins in January of this year, yes this year, they were less than a cent. The price peaked at about 70 cents in May, several months later. That is 70x returns! A bored and/or gambling addicted, tech-savvy millennial with an an extra $15000 to YOLO, like imagine a 30 year old programmer or accountant or something, could have made over a million dollars in 5 months.
This kind of thing is like 1% "investing" and 99% gambling, yes, and doesn't say much about the current state of society or the economy. Young people now are so desperate that they (somewhat correctly) think the only way they can "make it" is by semi-ironically buying wacky dog internet coins. Not a good long-term outlook for us
Good post.
I think the standard of living has gone up so high and wages have stayed stagnant they are resorting to desperate measures like this.
In the '70s and '80s you could do so much more with a living wage even if the tech wasn't what it was today. College was also affordable.
Wage stagnation has also seen people turn to alt currency as they are realizing their current jobs and employment situations suck, but they don't want to work 3-4 jobs at once to stay afloat (main job with health insurance but bad pay, then 2-part time jobs like Uber and DoorDash), so this is another stream to nail income with.
Okay, but so goes the saying, invest in yourself first.
How about seeking educational pathways to better jobs and livelihoods?
seattle prattle wrote:
jecht wrote:
Good post.
I think the standard of living has gone up so high and wages have stayed stagnant they are resorting to desperate measures like this.
In the '70s and '80s you could do so much more with a living wage even if the tech wasn't what it was today. College was also affordable.
Wage stagnation has also seen people turn to alt currency as they are realizing their current jobs and employment situations suck, but they don't want to work 3-4 jobs at once to stay afloat (main job with health insurance but bad pay, then 2-part time jobs like Uber and DoorDash), so this is another stream to nail income with.
Okay, but so goes the saying, invest in yourself first.
How about seeking educational pathways to better jobs and livelihoods?
You're right--I see more people getting MA/MS/MBA degrees now because of this. The MA/MS/MBA is the new BA/BS.
seattle prattle wrote:
jecht wrote:
Good post.
I think the standard of living has gone up so high and wages have stayed stagnant they are resorting to desperate measures like this.
In the '70s and '80s you could do so much more with a living wage even if the tech wasn't what it was today. College was also affordable.
Wage stagnation has also seen people turn to alt currency as they are realizing their current jobs and employment situations suck, but they don't want to work 3-4 jobs at once to stay afloat (main job with health insurance but bad pay, then 2-part time jobs like Uber and DoorDash), so this is another stream to nail income with.
Okay, but so goes the saying, invest in yourself first.
How about seeking educational pathways to better jobs and livelihoods?
I take it you've missed the last decade of student loan horror porn news stories?
jecht wrote:
seattle prattle wrote:
Okay, but so goes the saying, invest in yourself first.
How about seeking educational pathways to better jobs and livelihoods?
You're right--I see more people getting MA/MS/MBA degrees now because of this. The MA/MS/MBA is the new BA/BS.
Worked very well for me and for my wife.
And some of that even incorporated studies at the community college level along the way.
big daddy wrote:
seattle prattle wrote:
Okay, but so goes the saying, invest in yourself first.
How about seeking educational pathways to better jobs and livelihoods?
I take it you've missed the last decade of student loan horror porn news stories?
For some of this, I went to state college and got in-state residency to afford it, And in one case, my wife was fortunate to have her employer pay her tuition to graduate school.
Other times, i took out a student loan.
I am sure there are no shortage of real obstacles, but the goal would be to keep working on it to the extent possible.
Good luck.