Creating Wealth In Crypto Millions

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I think by never having to spend any of my crypto in real life it in some ways still doesn't feel real yet I know it is.

Crypto is generating millions for millions who in most cases never had wealth and the sad part is many will spend it before they realise what they have and just let it slip through their fingers. How many lottery winners are now bankrupt as they never had a clue what they had until it is all gone. Being strong in finances is not everyone's forte and many will make bad decisions.

Places like Hive/Leo will draw in the masses at some point once people see the value and that is the wrong way of looking at things. We saw it in the past when Hive hit $8 (not Hive, but not mentioning the name). Those types were just in here to plunder and will never own 5 cents against their names ever. Everyone else who has stayed and worked through the Bear markets think very differently and that is where the true wealth lies.

Being wealthy or rich depends on so many factors and where you live. Someone living in Africa or South America having $1 Million Dollars compared to someone living in Europe or the States would act very differently. $1 Million dollars where I live would buy me a decent car and a decent house, but who would want to live here?

I bring this up as we all saw over the weekend Hive go past the $1 dollar mark inflating the value in everyone wallets even though temporarily. My $60 000 is worth just on R1 Million Rand which was a decent sum 25 years ago but not today. $1 Million dollars if we are all truthful is a decent size sum, but definitely not life changing for many of us.

Last time I checked life changing is enough to never have to worry again about bills or when you can afford to go on holiday. I read a tweet the other day about someone stating that people shouldn't go out and buy a car unless you could afford 100 of them and understand what they were saying.

Todays society is all about easy come easy go and being in a position that you keep cashing in is not sustainable long term. We have seen it on Hive and we will see it again especially if Hive hits $10 or more. Thankfully there is a solid community who believe in stacking and who are all long term thinkers and at some point will create many multi millionaires.

I am sure many of you read @empoderat's post about his achievements going from $10 000 to 1 Million and many more will follow the same route. The abundance and opportunity to become wealthy is out there but if you spend every time a coin you are holding does a 100 x then you are never going to amount to much long term. What he has showed is what is possible and over time hope to follow the same path or try anyway.

Most likely we will only see a small percentage of crypto holders actually hold onto what they have and remain wealthy seeing this as a chance to change their lives permanently. How many Bitcoin holders have sold out and if they had kept what they had would be seriously wealthy today?

At some point it is going to get much harder to earn and have noticed lately how the amount of Hive has dropped on the posts even though the posts are worth much more. The easy days of accumulating may be over and in some ways I am disappointed, but happy at the same time.

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You make some very good points here. I was talking to my wife the other day and I told her the estimated account value and she was like cash it in! She was kidding of course. She knows about the 13 week power down period and the concept of passive income. Over the long term it will be much more beneficial than the temporary pump we just saw.

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Of course, you should persevere and set reasonable goals during your long online journey
You must hold the currencies, as well as the USDT or HBD
Because in the bull wave that we're in, maybe at the end of the year $ 8 will be an easy target

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I totally hear you about not spending it wealth is generally created with passive income, when you separate you ability to earn from your labor.

At this point I have very little of my crypto in Hive, Leo and Cub, yet while I was sleeping last night I made $3 an hour on those assets. I'm making $3 an hour writing this response and later today while I am doing some "work" I get paid for, I will be earning that income... plus the $3.

In some countries it would be enough to live on. The real question is whether or not it's sustainable.

In any case, I will not be spending my principle on cars, I will be trying to find ways to make it work for me when I am not working.

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How amazing is that earning whilst you are sleeping at a decent rate. I am thinking the same way how best to use it when I am not working. Really happy you are doing well.

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You've done amazing to keep on going throughout the bear market and fully deserve the position that you have accumulated. Whilst I haven't been as active here (although regularly lurking!) I have been steadily accumulating crypto, even when it often felt like a lost cause in 2019 - 2020! I'm pleased now to have accumulated an OK-ish stack. Like you I'm kind of happy and sad as the days of accumulating seem to be running out!

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Emperoderats story was super inspiring...I see myself in him as regards the growth, but only a couple more zeros short. I believe that this lane I'm on will provide drastic changes to the face of my finances, it already does, but we've only just begun

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I believe many of us will achieve success and it is all about understanding and being in the right place. Don't sell yourself short and put those zero's back as you can do it.

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I'm glad Hive went up, all the tokens you earned are looking pretty good now. Things are starting to feel a lot more positive around here!

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Buy the dips. :-) Seriously, 70-80 cents is still extremely cheap. You can make a 10x by having it go to $8.00. In comparison, bitcoin will have to go to $570,000 and Ethereum will have to go to $18,000. And you don't get any "free" stuff with them. In Hive, you have access to 100 different tokens you can buy with no fees. Plus, you can earn all of them for free by curating. NOW, is the time to keep your head down and keep accumulating. Don't think about each Hive/Leo you get as another 70 cents or 90 cents, think of them as another $10 or $20. When you look at it that way, your account can grow in a hurry.

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That is how I think as believe it can make $10 or more easily. I had forgotten how much your Hive earnings are affected by price and realise now how difficult they are to earn if you don't have stake. Brings back memories of two years ago now which is not a bad thing as you just do more.

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