I think crypto in the next few years will create enormous wealth for a few, a lot will make a little, and many will lose.
Those who make the most generally will be aggressive buyers who have 10-15 year time horizons and will live their life by a motto of "don't spend anything" and/or a "make a lot, don't spend anything". Most likely more wealth to the latter.
For those that make a lot, I think that you will hear many "you're an idiot" comments along the way. The voice in your head might say "Tell them I TOLD YOU SO". Please read this, I think it brings real value.
- Disclosing your crypto holdings, especially if big, will bring you pain in relationships. You will see friends, family, gf, bf, whatever, asking for money.
- It is a massive security risk to have people think that they can rob you via your phone.
- Please do not be that guy who made $800k and ended up with a watch and a short sale.
- Most people will actually regret not buying enough. Had I actually listened to what I preached, I would be retired at 39 off real estate instead of gunning for 42-44. I can easily see eth at 15k and btc at 150k in 2027 and a group of guys saying bragging how they bought it(they own $5,000 worth yet have a Rolex).
- Do not quit your job until you are 100% ready to role out. Your job equals cash flow equals more assets.
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