12-11-2021, 09:47 PM
This isn't 2017, you won't become an "overnight millionaire" and that's not a bad th
<!-- SC_OFF --><div class="md"><p>Crypto's market cap has grown incredibly the last 4 years. More and more media attention has caused continuous waves of new faces looking for the life changing gains of the previous period.</p> <p>This sub, and others too have become saturated with new investors hoping to turn a couple <strong>$100</strong> into <strong>$100,000</strong> or even <strong>$1,000,000</strong>. That's nice to joke about, but it's not realistic, atleast not anymore. The market has matured and that's a good sign, the growth of Crypto is still in its early stages that's not to be debated. But we've moved beyond the stage where you can 100x your principal. <em>(Excluding shitcoins/moonshots/gambling)</em> Crypto has become a mature investment, the possibility of earning anywhere from 10% to 100% a year is amazing. </p> <p>Investing is a long term thing, you wanna retire early right? Then think about the long term, not the short term. Increasing your networth by 10% a year is an amazing achievement financially. This is perfectly achievable in the current state of the market, I'm going to say that 10% is the absolute minimum any investor can expect to achieve in a year. Obviously if you were to provide liquidity or delegate your assets you could see a return of up to 100% or more. But for simplicity sake I will only be referencing the 10% figure.</p> <p>If you had <strong>$10,000</strong> savings in your current account, at the end of the year you'd still have <strong>$10,000</strong> + interest, which in most cases is < 0.1%. Whereas if you instead decided to put your <strong>$10,000</strong> savings into Crypto you'd now have ~<strong>$11,000</strong>. The following year, provided you didn't add any additional principal, you'd now have ~<strong>$12,100</strong>.</p> <p><strong>$10,000</strong> in 10 years would leave you with an end value of <strong>$25,937.42. $15,937.42</strong> of which is purely compounded interest(at a yearly rate). </p> <p>That's a significant increase in wealth without any additional contributions on your behalf. If you truly believe Crypto has a future then you should not sell, not now, not in 5 years. If you wanna make the most of this maturing market then you'd be best of adding additional contributions to your portfolio in order to maximize your gains over time. </p> <p>Static money is lost money, put your money to work and you may very well retire early. Would you rather spend that money on a Lambo and be a poor person with a nice car, or continuously compound your interests and contribute towards building a strong lasting networth? It's your choice to make, this isn't financial advise, I'm not a financial advisor, have fun and don't invest what you can't afford to lose!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BDonlon"> /u/BDonlon </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/re04j5/this_isnt_2017_you_wont_become_an_overnight/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/re04j5/this_isnt_2017_you_wont_become_an_overnight/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Crypto's market cap has grown incredibly the last 4 years. More and more media attention has caused continuous waves of new faces looking for the life changing gains of the previous period.</p> <p>This sub, and others too have become saturated with new investors hoping to turn a couple <strong>$100</strong> into <strong>$100,000</strong> or even <strong>$1,000,000</strong>. That's nice to joke about, but it's not realistic, atleast not anymore. The market has matured and that's a good sign, the growth of Crypto is still in its early stages that's not to be debated. But we've moved beyond the stage where you can 100x your principal. <em>(Excluding shitcoins/moonshots/gambling)</em> Crypto has become a mature investment, the possibility of earning anywhere from 10% to 100% a year is amazing. </p> <p>Investing is a long term thing, you wanna retire early right? Then think about the long term, not the short term. Increasing your networth by 10% a year is an amazing achievement financially. This is perfectly achievable in the current state of the market, I'm going to say that 10% is the absolute minimum any investor can expect to achieve in a year. Obviously if you were to provide liquidity or delegate your assets you could see a return of up to 100% or more. But for simplicity sake I will only be referencing the 10% figure.</p> <p>If you had <strong>$10,000</strong> savings in your current account, at the end of the year you'd still have <strong>$10,000</strong> + interest, which in most cases is < 0.1%. Whereas if you instead decided to put your <strong>$10,000</strong> savings into Crypto you'd now have ~<strong>$11,000</strong>. The following year, provided you didn't add any additional principal, you'd now have ~<strong>$12,100</strong>.</p> <p><strong>$10,000</strong> in 10 years would leave you with an end value of <strong>$25,937.42. $15,937.42</strong> of which is purely compounded interest(at a yearly rate). </p> <p>That's a significant increase in wealth without any additional contributions on your behalf. If you truly believe Crypto has a future then you should not sell, not now, not in 5 years. If you wanna make the most of this maturing market then you'd be best of adding additional contributions to your portfolio in order to maximize your gains over time. </p> <p>Static money is lost money, put your money to work and you may very well retire early. Would you rather spend that money on a Lambo and be a poor person with a nice car, or continuously compound your interests and contribute towards building a strong lasting networth? It's your choice to make, this isn't financial advise, I'm not a financial advisor, have fun and don't invest what you can't afford to lose!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BDonlon"> /u/BDonlon </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/re04j5/this_isnt_2017_you_wont_become_an_overnight/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/re04j5/this_isnt_2017_you_wont_become_an_overnight/">[comments]</a></span>Kind Regards R