On average you need 3 bullmarkets (12 years) to become rich on crypto. Most of us aren't even in crypto for that long, so we still have a lot of time.

Theory say that you need 3 bullmarkets to become rich on crypto. There is one bullmarket in each 4 year crypto cycle, so it give approximately 12 years to become rich/ gain financial freedom from crypto.

1. In first bullmarket you lose money - just like that. Most beginners make mistakes, want to get rich quick or simply are too late. If you join during bullmarket like most of new users do you just buy high, so when bearmarket start you are at loss.

First bullmarket an bearmarket are most important, most people leave at this point. Either forever (they will most likely call crypto a scam since they lost money) or they will come back during next bullmarket and story will repeat cause they learned nothing. If you remain in crypto after your first bullmarket you will learn a lot more about it and be able to buy at bearmarket discount.

1. Thanks to being in crypto in bearmarket and buying low now during you second bullmarket you are able to either barely go to green if your losses in first bullmarket were big or even make decent profit (usually between few thousands and tens of thousands). Which is not enough to be financially free, but give you decent bag and since you have some experience now you won't lose those money like a newbie, but instead keep them safe.

2. Third bullmarket is time when you make real money, enough to buy home or maybe even retire depending on your situation and bag size. Most people here aren't there yet. 3rd bullmarket is 10 maybe 12 years after you joined crypto, so unless you were early bird that were in crypto already in 2013 or 2011 you have nothing to worry about and still a lot of time.

Most of us that complain about buying high selling low or are sad about losing money, so vast majority of this sub are between their first and second bullmarket, so obviously they are more nagative toward their perspectives. But since they are here now it mean they remained in the crypto space despite their financial failures which put them ahead those that quit. So don't be too worried, just think that your future in crypto will be much brighter that your current situation is.

Is 3 bullmarkets theory 100% legit? No, a lot depend from personal skills, mentality and bag size, choices you make and things you learn. Also we don't have enough historical data. But is is nice story to explain how on average it works. Ofc if you will be lazy or keep repeating the same mistakes even next 5 bullmarkets will change nothing.