How To Become Rich Without Waiting For The Bull Market

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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.



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25 comments
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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

This was too personal😂😂😂

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

I think it’s a bit understandable why someone who missed BTC at 30k will be skeptical buying in a 58k. How hot the market is right now, it’s reasonable to not try to ride the wave, because I feel an imminent heavy correction is due soon. It only makes sense.

Now thinking this, I should sell my assets and rebuy when this correction happens, but because if the uncertainty, I still fear selling and having price not come down to re-entry level again. It’s dicey business.

I'm a Christian, dedicated to making heaven is my goal now

“Now”?😂😂 It wasn’t the goal before?😂😂

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This was too personal😂😂😂

Well a lot of people had and still have these dreams, I did once too, I realized it was a lazy dream and life is too fickle, but hehe.

I think it’s a bit understandable why someone who missed BTC at 30k will be skeptical buying in a 58k. How hot the market is right now, it’s reasonable to not try to ride the wave, because I feel an imminent heavy correction is due soon. It only makes sense.

It's why it's a marathon. Missing the first lap don't mean one will finish badly. I've faced disappointment, and even lost a lot. I'm currently going through the most depressive state of my life, but I'm hopefully I'll survive this lap. So 58k is not the end, 150k in 12 months time is 100% possible, and if I wasn't in a bad place financially (which I don't really care) I'll be doing a lot of betting on BTC and hive.

Now thinking this, I should sell my assets and rebuy when this correction happens, but because if the uncertainty, I still fear selling and having price not come down to re-entry level again. It’s dicey business.

You need guts and a lot of information. Truth is, you can still completely fail. But you can also finish well with decent profit.

Now”?😂😂 It wasn’t the goal before?😂😂

Well I might have not thought about it, but old things are now past away.

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Waiting to be lucky doesn't exactly cut it for me. Not everyone can be lucky. I agree that a more certain way to success is to understand seasons and the concept of "putting in the work."

I wonder what you consider "too bold a move" to make in putting efforts in crypto or if there's anything like that.

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There's no complete definition of sucess in crypto for me. A minimal level of profit-making for some just cuts it. There's also no "too bold a move" for me. How far your risk is how badly you can crash or how well you can make it.

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we cannot have certainty in life, if not a lot of people would have become billionaires overnight. I have come to understand that crypto changes lives but it requires that we learn more about it, invest and wait. Most times, we are just afraid of taking risks but prefer to watch the risk takers make it big

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Exactly the point, if life had a guarantee or we're certain of failure or success it can basically change the complete outlook of life and everything.

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Good points my bro, and glad to see you are steady beasting, like the men that we must be. Lets keep up the work, thanks for your support too man, means a lot.

!BEER
!PIZZA

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You wrote about the correction of price which will happen very soon so we have to be sure of when we want to buy so we won’t be having late entry

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No, not price correction, mainly about missing out on opportunity. Bull and bear market psychology

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If you haven't got your health you don't have anything... There once was a time I felt I was relatively well off before the last ex-wife took care of that problem. Crypto is risky and there can be life altering returns, but not for many! Like you I kept much in stable coins to wait it out and bought some BTC cheap. So it's nice to see some gains but I continue to struggle with my health so money isn't all that important anymore...

How has your day been?

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Of course, a lot of people don't know. Many people think money is everything. If I had taken better care of my health earlier it would have been better. I did get some cheap eth back in the days and sold it when it mooned and it felt good. Health is everything, if you have it then you can conquer anything.

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I agree with many things you wrote, you don't succeed without taking risks but taking too many risks can be dangerous and so finding the right balance is not easy but it is important.
Health is absolutely the most valuable asset we have along with time....
Nice post full of interesting considerations and food for thought

!DHEDGE
!ALIVE
!discovery 30

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Thank you for the support always. Yes, we do have to balance the level of risk we tend to take. Everything is risk in life, we just have to keep our risks calculated.
Like you've said, health is everything. Without it, almost everything is meaningless.

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I think it takes time to make large profits. Crypto is still a developing space and I think a lot of things could easily die. So I think doing research and having a plan is the best way forward. That plan is probably the most important though.

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Yeah, it's good to have solid plans, there's no certainty, we can only ride the waves of risk and hope it pays off.

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Uncertainty and risks are part of the very fabric of life and it seems in crypto, this is magnified. Making the right decision that could pay off handsomely in the future is always a tricky business, but sometimes through our exposure to failure can we only achieve success. I've wasted time and effort into somethings that didn't turn out the way I expected, but I guess it's part of the learning experience to get it right someday.

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In crypto it can even be dicier. A lot of times people know the right thing, but they still mess it up.

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Just like that if one continues to join airdrops then one becomes rich within few months.

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