I have been in this space for 4 years now. I saw a lot of people get rich, and some exit with money. I also saw a lot lose money.
The big thing I have learned is that most people cannot walk away with half their winnings and end up pushing things. Also, people generally are very ironic-they take the $, end up with huge bills, and get back in the cycle.
In 2021 I knew people that were bragging their account was going up and down more than a Lamborghini on a daily basis.
I knew people who made HUGE financial commitments based on their net worth on paper going up so much
What you see on twitter and YouTube is not real.
Please, I beg of you:
Rather than buying a fancy watch, buy an economy car
Instead of having a big fucking house with a big fucking mortgage and big fucking bills, buy a small condo (or house, depending on where you are) with a minimal mortgage or cash if you can
Paid off car and house =free
You will see people get very rich. Don't chase them. Be happy for them. Secure your bag/freedom.
Don't quit your job out of pride. Saw that a lot. Know a great guy who could have had 2 btc had he just done his job which was extremely easy, but he had to prove a point.
Tell most people you had to sell your crypto and they will be happy.
For your long term bag, put it in cold storage in a safe in your mom's house. That's your retirement.
Stay away from drugs, partying, and alcohol. Your future 45 your old self will thank you. None of the people at these parties will be in your life in 10 years.
The crypto market is going to 50-100 trillion in 5-8 years. If you are really young, you probably wait it out till then. If you're older, you probably take some lifestyle chips off the table.
Don't let short term wealth get to your head.
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