Like most of us in here, I dream of retiring early and being able to drive in my blue Lambo down the street while playing arabic trap music to the maximum, to flex on my haters, but:
In reality, you can't quit your job even after a 5x profit on your coin! Say you put in 2000$, you will have 10000$ after a 5x, right? 8000$ profit.
- In USA, the average monthly expenses are 1000$, so with the profit you made, you can only live roughly 10 months care-free.
- In Germany and Italy, the average monthly expenses are 850 Euros, so about 1000$ once again. Only 10 months of "freedom". If you live in a cheaper country, good for you!
Those are just estimated expenses. You could use less/more money to live. But anyway, is it enough? Think about it. Especially if you have a whole family that relies on your financial support.
Unfortunately, we still need our paychecks from the boring and annoying 9-5 jobs we all work. We can't rely on profit money we make from speculative assets. Fiat mines suck but we need them.
In my opinion, having a job + DCA-ing into promising projects is the way to go. I put a few % of my monthly salary away so I can DCA daily/weekly into my favorite projects.
I am investing for my future, so I'll be hodling my coins for years. Only after many years of investing, I dream of having enough money made from crypto to be financially free and retire early. Average retirement age worldwide is 64 years for men and 63 for women. I don't know about you, but working until 64 years doesn't sound so pleasant to me.
I know you guys are used to hopium type of posts, but I wanted to bring a little bit of realism in here as well. What do you guys think? Is crypto really the best escape from 9-5 hell? What are your plans?
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