Comment by anovikov

4 months ago

I have many friends who started from really humble beginnings ~5 years ago (or instance, a typical small business like "an e-shop selling bullshit Chinese gizmos online making 20k per month"), and are now uber rich in crypto. Like, hundreds of millions in net worth and spending 200-400k per month. And yes, they don't invest their money anywhere except new and new crypto projects themselves, just because they don't know anything that gives near similar returns. Not one-off success, but 5-10 or more different avenues of making money there (but certainly none of them was about "trading coins" or passively investing in them).

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anovikov

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ghfhghg  4 months ago

Just to be clear I'm not saying that my aquaintences didn't make money. Just that they are vague.

But ultimately if you have friends making hundreds of millions of dollars and there is enough of them then that essentially proves there will be many more losers than winners.

I personally don't partake for the same reason I didn't partake in Amway in college. It's functionally a pyramid scam and on a personal level a boring way to make a living.

  • wruza  4 months ago

    How do you know it’s boring? The guy above clearly has some bright ideas about it.

    It’s on par with inventing an axe and now living in a forest god mode. Is that boring, or is that……… why I’m even asking, an ability to spend $e5/mo covers allmost all personal interests in the world.