"4% Of Americans Say They Have Quit Their Jobs Thanks To Their Crypto Gains". What About You?
According to a survey by Mark Cuban, it seems that 4% of Americans have turned towards a "crypto life" and ditched their regular jobs, this year. Some have probably used their stimulus checks to invest in crypto, others have probably put their savings into "the risky assets", while others have probably been investing in crypto for years...
... and managed this particular year to exit the rat race thanks to crypto. Are all these 4% actually millionaires? I bet they're not, but at least we have a sort of "thin proof of crypto" extracting humanity out of the labor slavery. Don't get me wrong, some probably really love their jobs, but for the majority it's just a way of earning a living.
Now, we're in a bull market and the prices have gone up for more than a year, some have had insane exponential growth such as EGLD, SOL, SHIB and others, that translating to massive ROIs for even a few grands thrown into crypto, as an investment capital, before the plandemic started.
The market could bubble even more from this point and if it is to repeat the 2017 cycle, then the real fun hasn't even started yet, but are these 4% positioned to be living off of that crypto money while still HODLing some at the same time, until we enter the mania phase so they can cash out big time? Hard to tell, it depends a lot on one's relationship with money.
I am highly flexible in that regard. Give me tons of money and I have so much ways of spending it, but if life asks for a frugal life style, I can do that too... Probably some of the ones that have quit their jobs in America lately, living off of crypto, will at some point have to go back to work, but meanwhile they can enjoy some time away from corporate life, or whatever.
Can you do the same?
For the moment I can say that I am actually doing that. It's a bit over a year since 99% of my income comes from crypto, cough Hive, and I'm more than happy about that. If I were to choose, I guess I couldn't choose for a better way of earning my income than this one. It's not a wealthy lifestyle that I'm living, not at all, but it allows me to stay away from a regular job and the absurdities that are mandated all around the world to employees, so "they can keep their jobs".
If I had a super power I would make possible for everybody in the world to live off of crypto and let the establishment do all the shitty work. Nothing's guaranteed in crypto though and if we will have to go through a bear market similar to the one from 2018-2020, then crypto gains might not be enough to cover life's expenses, as life is also getting more expensive all over the world, due to inflation.
The cryptoverse is no longer just about trading/investing internet money. As most of you know by now, we have way more tools at hand to make a crypto living than we had four years ago. The metrics are whole different and probably bull and bear markets have totally changed as well. I am happy to see the average Joes leaving their shitty jobs behind and spending "SHIB money". Good for them!
I guess these shitcoins have a noble purpose after all. On a serious note though, we don't know if all the people who took Cuban's survey have made their crypto gains on SHIB or DOGE, but the good part is that they found an alternative to the legacy system, which is becoming more and more constrictive and poisonous. So, that was about it for today, wish you all a great Saturday and an awesome weekend ahead.
Thanks for attention,
Adrian
Posted Using LeoFinance Beta
The crypto work presents alot of opportunities for anyone who engages with it..
True
Posted Using LeoFinance Beta
4%? that's a lot!
That's what Mark Cuban's survey pointed out...
Posted Using LeoFinance Beta
Impressive then
Indeed.
Posted Using LeoFinance Beta
I think many more people will secure their lives by entering the cryptoverse. This is the trend.
Posted using Dapplr
I would love to see that.
Posted Using LeoFinance Beta
Yes cryptocurrency are changing life's
It is probably overstated but it does show how things are unfolding. We are at the point where more is taking place in the crypto world, meaning more can benefit.
We have to be careful of falling into the bull market trap. Fortunately, we many of us know, keep building and we can get through the bears too.
Posted Using LeoFinance Beta
True. We haven't gone through the entire bull market yet, thus we can't even guess how the bear market will be. I believe both will be the total opposite of what the majority is expecting.
Posted Using LeoFinance Beta
I too wanna quit my job... And I might do in future, thanks to splinterlands!
Posted Using LeoFinance Beta
Great. Splinterlands is life changing
Posted Using LeoFinance Beta
I want to be in that position where I my salary matches with the crypto earnings. Still long way to go but possible.
Posted using LeoFinance Mobile
I highly doubt there are that many people who were so successful that they quit their jobs, no way, not even 10% of that amount
Posted Using LeoFinance Beta
Yeah, 4% of all Americans seems really high. That'd be a few million people. I bet it's lower, but I do bet that a substantial number of people are living off crypto now instead of some dead end job.
Posted Using LeoFinance Beta
I’m sure only a few million have actually held some form of crypto at some point. Most of them for sure lost money (people who bought the top and sold the bottom to the people buying the bottom and selling/holding the top).
Sure there might be a few thousand people making yield or enough gains to set themselves up for years/life. Overall though full time crypto people end up being long term net sellers which isn’t the best for price
Posted Using LeoFinance Beta
It's a poll...
Posted Using LeoFinance Beta
Yes I’m aware…
A poll by Mark Cuban…
Doesn’t change what I wrote…
Posted Using LeoFinance Beta
what an interesting survey result! wonder how many are hodlers and how many are day traders? This survey also shows that as time pass, more people are willing to accept crypto but I wonder how many coins are actually crypto bubble? And of course, because of these bubbles and hype, people that got in at the 'correct' timing probably profited a huge sum. Sad to say, the flip side of coin is true when people start dumping.
Posted Using LeoFinance Beta
I believe these people are something in between traders and investors. A tiny percentage will probably get absorbed by the crypto space.
Posted Using LeoFinance Beta
Yes I do agree with that too!
It's a brave new world. And I like it! I'm one of those that have recently moved from working for The Man, to working for The Algorithm. The Bitcoin and Hive Algorithm!
Posted Using LeoFinance Beta
Great. The more, the better.
Posted Using LeoFinance Beta
This will be the new trend.
Future work is remote and crypto will empower future work
Posted Using LeoFinance Beta
Hopefully yes.
Posted Using LeoFinance Beta
IM quitting my job, but purely cause my wife job has been getting more demanding and someone needs to be at home, as my boys have sen needs, so in my free time i will be making crypto work for me
Great. Hope this way works good for you both.
Posted Using LeoFinance Beta
That's not an insignificant number of people, but that survey suggests most of them are using their funds to get into something else, ie they still need to work rather than them being free financially,
Still it's a boon for Crypto that it's giving so many people the confidence to change their working lifestyles.
Posted Using LeoFinance Beta
https://twitter.com/VersedMoney/status/1457493965872173060
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
We are not near being able to go 100% crypto. I've come to realize that I need way more savings, or at least more invested in Hive to generate a useful income.
If I could compromise, I would work part-time and earn the remainder from crypto. But, that's still a ways off. It is likely we'll ween ourselves off of jobs slowly.
Posted Using LeoFinance Beta
Definitely shooting for that at some point. I'd at least like to get out of the rat race and choose when and how much I want to work in the real world. Getting there. A nice big moonshot by Bitcoin in the next few months would sure help though... :-)
Posted Using LeoFinance Beta
That's a step forward as well.
Posted Using LeoFinance Beta
I am also living from my crypto earnings, but I still don't stop working every day, of course I don't do it in an office and with an idiot boss, but it's the same effort but much more comfortable and at home.
Posted Using LeoFinance Beta