"4% Of Americans Say They Have Quit Their Jobs Thanks To Their Crypto Gains". What About You?

According to a survey by Mark Cuban, it seems that 4% of Americans have turned towards a "crypto life" and ditched their regular jobs, this year. Some have probably used their stimulus checks to invest in crypto, others have probably put their savings into "the risky assets", while others have probably been investing in crypto for years...

... and managed this particular year to exit the rat race thanks to crypto. Are all these 4% actually millionaires? I bet they're not, but at least we have a sort of "thin proof of crypto" extracting humanity out of the labor slavery. Don't get me wrong, some probably really love their jobs, but for the majority it's just a way of earning a living.

Now, we're in a bull market and the prices have gone up for more than a year, some have had insane exponential growth such as EGLD, SOL, SHIB and others, that translating to massive ROIs for even a few grands thrown into crypto, as an investment capital, before the plandemic started.

The market could bubble even more from this point and if it is to repeat the 2017 cycle, then the real fun hasn't even started yet, but are these 4% positioned to be living off of that crypto money while still HODLing some at the same time, until we enter the mania phase so they can cash out big time? Hard to tell, it depends a lot on one's relationship with money.

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I am highly flexible in that regard. Give me tons of money and I have so much ways of spending it, but if life asks for a frugal life style, I can do that too... Probably some of the ones that have quit their jobs in America lately, living off of crypto, will at some point have to go back to work, but meanwhile they can enjoy some time away from corporate life, or whatever.

Can you do the same?

For the moment I can say that I am actually doing that. It's a bit over a year since 99% of my income comes from crypto, cough Hive, and I'm more than happy about that. If I were to choose, I guess I couldn't choose for a better way of earning my income than this one. It's not a wealthy lifestyle that I'm living, not at all, but it allows me to stay away from a regular job and the absurdities that are mandated all around the world to employees, so "they can keep their jobs".

If I had a super power I would make possible for everybody in the world to live off of crypto and let the establishment do all the shitty work. Nothing's guaranteed in crypto though and if we will have to go through a bear market similar to the one from 2018-2020, then crypto gains might not be enough to cover life's expenses, as life is also getting more expensive all over the world, due to inflation.

The cryptoverse is no longer just about trading/investing internet money. As most of you know by now, we have way more tools at hand to make a crypto living than we had four years ago. The metrics are whole different and probably bull and bear markets have totally changed as well. I am happy to see the average Joes leaving their shitty jobs behind and spending "SHIB money". Good for them!

I guess these shitcoins have a noble purpose after all. On a serious note though, we don't know if all the people who took Cuban's survey have made their crypto gains on SHIB or DOGE, but the good part is that they found an alternative to the legacy system, which is becoming more and more constrictive and poisonous. So, that was about it for today, wish you all a great Saturday and an awesome weekend ahead.

Thanks for attention,
Adrian

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34 comments
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Yes cryptocurrency are changing life's

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It is probably overstated but it does show how things are unfolding. We are at the point where more is taking place in the crypto world, meaning more can benefit.

We have to be careful of falling into the bull market trap. Fortunately, we many of us know, keep building and we can get through the bears too.

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True. We haven't gone through the entire bull market yet, thus we can't even guess how the bear market will be. I believe both will be the total opposite of what the majority is expecting.

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I want to be in that position where I my salary matches with the crypto earnings. Still long way to go but possible.

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I highly doubt there are that many people who were so successful that they quit their jobs, no way, not even 10% of that amount

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Yeah, 4% of all Americans seems really high. That'd be a few million people. I bet it's lower, but I do bet that a substantial number of people are living off crypto now instead of some dead end job.

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I’m sure only a few million have actually held some form of crypto at some point. Most of them for sure lost money (people who bought the top and sold the bottom to the people buying the bottom and selling/holding the top).

Sure there might be a few thousand people making yield or enough gains to set themselves up for years/life. Overall though full time crypto people end up being long term net sellers which isn’t the best for price

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what an interesting survey result! wonder how many are hodlers and how many are day traders? This survey also shows that as time pass, more people are willing to accept crypto but I wonder how many coins are actually crypto bubble? And of course, because of these bubbles and hype, people that got in at the 'correct' timing probably profited a huge sum. Sad to say, the flip side of coin is true when people start dumping.

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I believe these people are something in between traders and investors. A tiny percentage will probably get absorbed by the crypto space.

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It's a brave new world. And I like it! I'm one of those that have recently moved from working for The Man, to working for The Algorithm. The Bitcoin and Hive Algorithm!

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IM quitting my job, but purely cause my wife job has been getting more demanding and someone needs to be at home, as my boys have sen needs, so in my free time i will be making crypto work for me

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That's not an insignificant number of people, but that survey suggests most of them are using their funds to get into something else, ie they still need to work rather than them being free financially,

Still it's a boon for Crypto that it's giving so many people the confidence to change their working lifestyles.

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We are not near being able to go 100% crypto. I've come to realize that I need way more savings, or at least more invested in Hive to generate a useful income.

If I could compromise, I would work part-time and earn the remainder from crypto. But, that's still a ways off. It is likely we'll ween ourselves off of jobs slowly.

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Definitely shooting for that at some point. I'd at least like to get out of the rat race and choose when and how much I want to work in the real world. Getting there. A nice big moonshot by Bitcoin in the next few months would sure help though... :-)

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I am also living from my crypto earnings, but I still don't stop working every day, of course I don't do it in an office and with an idiot boss, but it's the same effort but much more comfortable and at home.

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