It's an interesting viewpoint, millionairs everyone wants to be one, everyone thinks they can be one and everyone since crypto became a thing has been trying to become one, but will they? And if they did would it be worth it? In truth no.
An interesting discussion between @taskmaster4450le and I today around liveable wage kicked off and he picked up on a great thing. One I have been watching for some.time. inflation. See the system is geared against you it isn't designed to make you rich oh no, it is designed to make sure you're not rich. As wealth increases so to do taxes and costs and everything else. If everyone became a millionair tomorrow then you'd now all be poor.
Australia is a great example of this, we're literally all rich but costs of living is through the roof this is called inflation. We can even go back 30 years and our wages today are astronomically massive in comparison. Our parents would have been rolling in dough! But were not. That is because the system is designed that way.
It's lucrative though, being rich enough to live the lifestyle you want. But that lifestyle you want is designed again to make you poor. Have you ever noticed that everyone wants the same "rich" goals? Guess where your dumping your cash if you made it. The same places everyone else wants to dump their cash if they made it.
That's why I look at this a different way, yes I could go and dump a shit tonne of cash on the platform and I have been, slowly.not all at once. I prefer to work for it and earn it because without hard work it is useless and I'll make all the wrong mistakes.
A good example is Wink which is currently been on almost a week bull run. It was first brought to my attention on Facebook as I have alot of my friends are entering crypto. Many are dumping large amounts of cash into it because you can buy a few million for cheap. But they're not doing their research.
I decided to find out what was causing the boom and it didn't take long to find that wink has something occurring on their website where staking gets you a small amount of BNB. But it requires alot of investment to get a decent ROI.
Many believe it will hit $1 there is nothing to substantiate this belief other than a bull run. It hasn't even hit a cent and as it grows Dumps are occurring where big HODLrs are making millions. But it hasn't dropped the price pump.
What will stop the price pump is the BNB air drop in 3 hrs which will also cause a BNB price dip as air drops are sold.
All this belief of becoming an easy millionair is what drives alot of shit coins. But those days are over, the system has already corrected itself to prevent more millionairs without hard work.
In the beginning it was happening because it was the draw card, it created a dream and now more and more people are entering. With that less opportunities as the system must correct itself otherwise it would destroy block chains. Millionairs would be created and tokens dumped for fiat. Decimating projects.
I learned this early on, so through it I stuck to working hard and investing small amounts of disposable income and not allowing my emotions get the better of me. Don't get me wrong I have exceeded those limits at times especially when CUB was launched. But I used funds already in the sector to transition across. Only adding smaller amounts.
I do this not because I don't want to be a millionair, I do this because I don't want to go bust and lose it all.
In exactly 3 hours from now, there are going to be a few people that will lose it all. Simply because they didn't research and they let their emotions run Wild.
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