Financially Speaking, How Much Has Cryptocurrencies Changed Your Life and How Much Will It Change Your Life?

It can be both positive and negative changes, to keep it grounded and educational.

For me, my first cycle from 2021-2022 had been a disaster. I was new, so I made all the usual mistakes. Affected me emotionally, and while I've sold small amounts (and, well, reinvested them), I didn't sell everything by the peak. I went from being 200% in profit to being 60% in loss.

However, this cycle has been good. Even if I were to chicken out and sell everything right now, I'd still be 200% in profit, and my crypto bag is way bigger than in 2021-2022 because I continued to buy and hold, and I'd taken some profits over the course of 2021-2022. My capital and profit at this stage is equal to 5 years' worth of my peak income, and if I work with this, I can easily work out a passive income about 30%-40% of my peak income while I'm out of position and about 25%-30% if I reinvest in the following cycle.

Ideally, I'm hoping for a 300% profit (7.5 years worth of income), in which case I could work out a passive income that's 50% my yearly peak income. I won't be greedy as to hope for more, but I'll take whatever I can manage.

I've done the calculations and if I were to keep this up without making a series of catastrophic mistakes, I can achieve millionaire status (in SGD) by the end of the next cycle from 2026-2029. With some careful financial management, I can work out a passive income that's 150% of my peak active income, and I'll retire partially. Since I'm a freelancer, I can tweak my workload finely. Ideally, I'd reduce my workload by half so my active income would be 50%-60% of peak. However, if I've become greedy as Mister Krab by then, I'd still be working close to peak active income.

I'm not going to go much into the cycles after that, but basically, I can retire by the 2030-2033 cycle as I'd be a multi-millionaire by then and my passive income could easily be 500% of my peak active income.

Much of this is projection of course. If anything drastic enough goes wrong, it'd lower my forecast enough to matter.