You've probably clicked, expecting a Russian roulette, a meme coin, an airdrop or a completely bizarre way to become rich, I know you're lazy, and you want to live in the Bahamas, spend on expensive trips, buy some flamboyant cars, take ice cream in winter and portraits on an iPhone 14 PRO MAX. It's not bad to imagine, but maybe, just maybe, you'll find it after reading, but just know that I mostly think of stupid ideas, when I'm trying to take my mind off negative thoughts.
My health isn't where I want it to be, so. I'm at home taking these new and scary medications hoping they'll improve the anemia which will in turn help the heart and of course, stabilize my kidney function. I try to think about mundane and stupid things to distract myself from the negative thoughts that tend to overwhelm me, and so far, thinking about the "what IFs" helps to distract me from the "what IFs" of my health condition.
So let's head on to why you clicked.
Let me start by asking. How many of you ever predicted that BTC would be at 57k when it crossed the 30k threshold? Not many. If you had, you'd have sold the things you own, the things you value, so that you can pretty much double it. We're doublers by nature. What I mean is that if crypto promises certainty, then people will become gamblers rather than permutators or analysts.
This is why most financially uneducated people will choose Ponzi rather than crypto. In the beginning, ponzi promises you a certain ROI, the percentage, and extends the rewards to how far you can leverage risk. So even if these promises never materialize at the end, the fact that they create an illusion of certainty at the beginning is the main reason they'll choose Ponzi over crypto.
Crypto does not promise certainty, but its promises are revolutionary and life-changing, a lot of people do not care about the future, if it can't change their life between today and tomorrow, then they don't want it. So most people who didn't buy BTC at 30k won't buy it at 57k. While they acknowledge the fact that they've missed an opportunity, they'll still not go ahead to dive, even if there's a possibility that BTC might be 150k in 12 months from now. A lot of people think that the bull market is the holy grail, but it isn't.
There are so many choices you can easily make within the space of 4 years. One of them is saving some stash in your favorite stablecoin (USDT, HBD) waiting for when the bear market is chronic, diversifying this stash, selling intermittently when there are pulls and buying back at dips, repeat and repeat, finding more gems, repeat Of course a lot of people would say "but I don't have cash to begin with" but this isn't entirely true. Sometimes it's either we think what we have is too small, or they're just not ready to make any sacrifices.
It's either you sell what you have or you sell your soul.
This is figurative and not literal, so don't freak out. (I'm a Christian, dedicated to making heaven is my goal now) I mostly interpret "selling your soul" to mean finding excruciatingly painful ways to raise money. It might be doing away with the present comfort you currently enjoying, and painstakingly raising funds. I was an astute investor in my late 20s, I made a lot of crazy deals and a lot of them paid off. I undertook risky ventures and I was hungry for gems to invest in. Sadly I lost over 60% to health, family problems, and unplanned events. Life happens and sometimes, badly too
This isn't to say raising money is easy, getting capital for a business that might even guarantee profit is difficult, not to even talk of money for crypto ventures. The bitter truth is that it's mainly people with raw money who eventually take advantage of Crypto. Sometimes it's not about the money for some, it's about the choices they make and how they tend to manage that money. The point is that if people knew the future, they'd go to the extreme to get money to invest in what might seemingly change their lives. The difference here is that certainty.
But we cannot have certainty in life, no matter how well we prepare to have it. Riding life is a risk, and waking up is a risk, but the mind is conditioned to not think this way. We don't go about thinking our lives are a risk, if not we'd be living in fear.
There's no way to be rich in crypto without taking the time to learn, wait, and risk. While it's true that you can be extremely lucky by farming an airdrop or being part of a project that eventually blows up, it's also important to know that venturing or seeking is a way to risk time and effort. In reality, time and effort are two important things in crypto and it can be directly proportional to putting in money in some situations. So it can go either way. The only way is to make bold moves, while there's no certainty anymore and not even in crypto, analyzing the likelihood of something happening is one big cue to make tough decisions.
Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
"Un-PAYING" The Debt You Owe
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