Getting Rich Quick vs Getting Rich for Sure
I have always had this dream of winning the lottery ever since I was a kid, and although I've tried my luck with the lottery, slots, and other casino-related betting, I haven't yet become rich. I'm not a millionaire, and I don't even know if I want to be one, but I do know one thing...
Many of the people in crypto right now are looking at their investments and trading strategies as a means of getting rich quickly. Sure, you can do that with crypto, no doubt about it. I believe there are quite a few who made millions with the likes of DOGE or PEPE, but how many...
How many of those in crypto right now are actually rich because of it? And how many of those who made it did so overnight, in a matter of weeks or months? I bet there aren't many such cases, just like there aren't many lottery winners.
Winning the lottery is not a guarantee that you will be rich forever. Unless you have a proper financial education, chances are you're gonna blow away all that wealth and end up with just "a one night stand" as a millionaire. The question we should all ask ourselves now is: Can you get rich in crypto for sure?
Yes and no, but I would lean more towards a yes. However, that depends a lot on you (and me) and how we deal with "times like these." What do you mean by "times like these," sir? Well, I mean times like the ones we are currently living in—exchanges threatened by the SEC, crackdowns, economic uncertainty, etc.
I am not a fan of Warren Buffet, but this old fart has not become one of the wealthiest men alive by being lucky. The guy had an investor's mentality since his early life, and he proves to be quite a patient motherfucker. And this is where I want to bring your attention—patience.
You see, soon after the Binance and Coinbase news came out, we witnessed a lot of panic in the market, and a lot of selling took place. The market tanked for quite a bit. Now we've recovered most of the losses, but we're not yet where we left off. There's still some ground to cover before we can talk about a rally again.
Surviving is the new winning. If one does not survive all the FUD, market dumps, and storms that come along the way to parabolic runs and life-changing money opportunities, one will not get rich for sure, as they cannot definitely get rich quick.
Buying the scariest dip that makes you sick to your stomach and holding onto your position is how you get rich. But who really does that? Not too many, I would say, and I see why. Very few of us have any prior experience with investing or any type of market, thus emotions are the driving factors in deciding whether we push the sell or the buy button.
From bottom to top is not an easy ride. No one said there would be an easy ride, but whoever has the patience and boldness to stick to the game will make it big time. I read a post a couple of days ago by @khaleelkazi which was so inspirational to me. How to Get Rich by Doing Absolutely Nothing is the piece of content that I am referring to, and I highly recommend it.
It somehow ties in with what I'm discussing in this post. You can get rich for sure in crypto, but it won't be easy at all. You can also get rich quick, but you'll need a ton of luck to do that. However, you can always give it a try...
Thanks for your attention,
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