Creating Wealth In Crypto Millions

source I think by never having to spend any of my crypto in real life it in some ways still doesn't feel real yet I know it is.

Crypto is generating millions for millions who in most cases never had wealth and the sad part is many will spend it before they realise what they have and just let it slip through their fingers. How many lottery winners are now bankrupt as they never had a clue what they had until it is all gone. Being strong in finances is not everyone's forte and many will make bad decisions.

Places like Hive/Leo will draw in the masses at some point once people see the value and that is the wrong way of looking at things. We saw it in the past when Hive hit $8 (not Hive, but not mentioning the name). Those types were just in here to plunder and will never own 5 cents against their names ever. Everyone else who has stayed and worked through the Bear markets think very differently and that is where the true wealth lies.

Being wealthy or rich depends on so many factors and where you live. Someone living in Africa or South America having $1 Million Dollars compared to someone living in Europe or the States would act very differently. $1 Million dollars where I live would buy me a decent car and a decent house, but who would want to live here?

I bring this up as we all saw over the weekend Hive go past the $1 dollar mark inflating the value in everyone wallets even though temporarily. My $60 000 is worth just on R1 Million Rand which was a decent sum 25 years ago but not today. $1 Million dollars if we are all truthful is a decent size sum, but definitely not life changing for many of us.

Last time I checked life changing is enough to never have to worry again about bills or when you can afford to go on holiday. I read a tweet the other day about someone stating that people shouldn't go out and buy a car unless you could afford 100 of them and understand what they were saying.

Todays society is all about easy come easy go and being in a position that you keep cashing in is not sustainable long term. We have seen it on Hive and we will see it again especially if Hive hits $10 or more. Thankfully there is a solid community who believe in stacking and who are all long term thinkers and at some point will create many multi millionaires.

I am sure many of you read @empoderat's post about his achievements going from $10 000 to 1 Million and many more will follow the same route. The abundance and opportunity to become wealthy is out there but if you spend every time a coin you are holding does a 100 x then you are never going to amount to much long term. What he has showed is what is possible and over time hope to follow the same path or try anyway.

Most likely we will only see a small percentage of crypto holders actually hold onto what they have and remain wealthy seeing this as a chance to change their lives permanently. How many Bitcoin holders have sold out and if they had kept what they had would be seriously wealthy today?

At some point it is going to get much harder to earn and have noticed lately how the amount of Hive has dropped on the posts even though the posts are worth much more. The easy days of accumulating may be over and in some ways I am disappointed, but happy at the same time.

Posted Using LeoFinance ^Beta