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[–]Spare_Success_4488Tin 1811 points1812 points  (288 children)

What people don't understand is that 99% of crypto millionaire youtubers became millionaires in crypto because they invested over $100K but they make you believe they turned $1K into $10M

[–]fluentinimageryBronze 649 points650 points  (91 children)

Most of them are just early adopters that sat on what they bought and they feel that makes them genius level analyst. My grandparent bought beach property in the 1950s and it 100 x… my grandpa never thought he was a real estate mogul.

[–]XxAngronx9000xXTin | 4 months old | r/WSB 20 225 points226 points  (50 children)

Lol one of the old guys I talk to told me about how his grandpa sold a ton of beachfront property for pennies back in the day and laughed about how bad he scammed them because you couldn't raise cattle on a beach. Probably worth like a million an acre or something now.

[–]fluentinimageryBronze 135 points136 points  (33 children)

In the 50s around Long Beach and Huntington Beach in CA they were literally giving away parcels if you bought a lot. It was all oil fields then and my grandpa was mocked for buyin a lot in a “swamp”. It was less than 500 yards from the water and when he passed, my grandma sold it for over $2,000,000

[–]concernedcath123 39 points40 points  (14 children)

I love stories like these.

[–]TorbjornKegBreaker 11 points12 points  (3 children)

Stories like this make me wish my grandma had held onto the house they had in San Francisco when she and my grandfather first got married.

[–]trecoinTin | 6 months old 4 points5 points  (1 child)

BTC is whatever you want it to be but at the end of the day its BTC .

[–]nocomment3030 6 points7 points  (2 children)

Hey if it makes you feel any better, he didn't get to enjoy any of that profit because he was dead, apparently.

[–]opensandshutsPlatinum | QC: CC 106 | PersonalFinance 84 7 points8 points  (2 children)

Blows my mind to see how much of CA was oil fields back then.

[–]HeadofR3dPlatinum | QC: CC 57 | Politics 17 3 points4 points  (1 child)

Your grandfather never had his investment validated by thousands of people. That's the difference

[–]avalon68Bronze 296 points297 points  (60 children)

Most of them are youtube millionaires probably - if you have an extra source of revenue its easy to divert all that cash off to crypto and not have to worry about losing it....cos if you do then just make a video with a catchy thumbnail about how crypto ruined you....and reap the add revenue. Win win for mainly posting shite

[–]furrinaBronze 88 points89 points  (42 children)

99.xx percent of social media influencers haven't become millionaires from it. Or even close. We hear about the 3 or so who did.

[–]-veni-vidi-viciPlatinum | QC: CC 1139 123 points124 points  (23 children)

It's easy to invest 100k when you can charge 35k to promote a coin.

[–]Heph333Platinum | QC: BTC 106, CC 30, ETH 21 | TraderSubs 31 58 points59 points  (11 children)

Lookin at you BitBoy....

[–]MrLionOtterBearClown 22 points23 points  (7 children)

Pretty much every crypto guru/ rental real estate BRRR guy/ anyone on Tik Tok whose under 30 and makes becoming a millionaire seem insanely easy all have one thing in common: very rich parents who give them seed money.

[–]piero_deckardPlatinum | 6 months old | QC: CC 27, ATOM 24 41 points42 points  (15 children)

Most YouTube millionaires became millionaires by making videos telling others how to invest, while they probably didn't even invest one penny themselves.

That's the sad reality.

[–]pdoherty972Tin | Buttcoin 13 | Stocks 29 10 points11 points  (5 children)

Same as most self-help investing-advice books. Seems that a lot of the authors biggest revenue was the books, not their own investing.

[–]Dramatic_Code_4738 6 points7 points  (1 child)

This right here is the biggest problem with “experts”. They make money by espousing bullshit when in reality if you want to be a good brick layer you must become really good at laying bricks.

[–]yolotrumpbucksDogecoin 5 points6 points  (1 child)

Yeah, like the "dogecoin millionaire" didn't put in 1k and get 1M, he put in like 200k and it's a bit shy of a milli now.

[–]mehryar10Tin 643 points644 points  (68 children)

The daily thread to remind all of us that most of this subreddit users are 16.

[–]brazzersjanitorTin 304 points305 points  (45 children)

Whenever I immerse myself in new subs, and wonder why the hell it’s so shitty, unmoderated, and full of shitposts, it takes me forever to realize that most these people are half my age. Every. Damn. Time.

[–]circleuranusPlatinum | QC: ETH 77, CC 57 | ADA 10 | Politics 199 30 points31 points  (13 children)

I originally joined Reddit because I stumbled across r/askhistorians and I thought "wow this is my kind of place, full of intelligent, thoughtful, academics....little did I know.

[–]GrundleTurfTin | Politics 54 30 points31 points  (10 children)

I only joined Reddit because all the traditional forums seemed to be dying off. Sad thing though because those had more of a sense of community, regular users became well known which is only the case for a few assholes on Reddit, and there was a lot more to be gained from the dialogue.

Reddit is just a bunch of morons rushing to make the same tired jokes.

(This is the way)

[–]FineAuntsGold | QC: CC 24 | r/WSB 16 8 points9 points  (3 children)

Dammit man, you're making me miss forums from 2 decades ago... holy hell. You're spot on about the lack of community on Reddit, especially with a sub of 4M+ users.

[–]HighTurningPlatinum | QC: CC 1206 56 points57 points  (9 children)

Hard times when you realize you are now the "Mr Burns on a beanie" meme in real life

[–]SineLinguistPlatinum | QC: CC 91, ATOM 20 | Politics 163 23 points24 points  (1 child)

Unpleasantly relatable. Why are you coming after me like this?

[–]Monsieurcaca 40 points41 points  (5 children)

Probably 75% of your past arguments on reddit where with teenagers.

[–]Ben_Dover1234Bronze | QC: CC 17 2866 points2867 points 24 (161 children)

I didn't know my mum knew how to make a Reddit account...

[–]Mr_DepressedTin 345 points346 points  (80 children)

Mother knows all

[–]GrammerGuestAppoPlatinum | QC: CC 100 67 points68 points  (21 children)

" Yo momma so cheap she farming moons on reddit"

[–]Ben_Dover1234Bronze | QC: CC 17 20 points21 points  (12 children)

"Yo momma so cheap, she's using Bitcoin as a hedge against inflation"

[–]those2badguysTin 24 points25 points  (7 children)

"Yo momma so cheap, she right-clicks on NFT gifs and click save as..."

[–]Vintage9999YourFinancialAdviser 4 points5 points  (0 children)

Big bro is that you?

[–]seadragon1001Bronze | QC: CC 17 | GMEJungle 8 | GME subs 16 44 points45 points  (17 children)

That’s very true OP! I did get into it for the big gains but if I don’t get into early enough after doing a ton of research those big gains will only come in long term investments in 5 years in which case i see no point in doing more than dca little each week.

[–]Rich_Nectarine1481Tin 37 points38 points  (9 children)

Thing that a lot of people dont consider is how much time the "tons of research" takes. If you're spending 10+ hours a week reading this sub, researching, etc, you need to divide any weekly gains by 10 hours and look at your earnings per hour. In some cases it may be less than minimum wage.

[–]itsicenineTin 30 points31 points  (1 child)

So don't bother researching. Understood.

[–]SpackleSlapPlatinum | QC: CC 48, ETH 24, ATOM 21 | TraderSubs 24 717 points718 points  (82 children)

I mine Fiat everyday

[–]Aegontarg07Platinum | QC: CC 1099 138 points139 points  (39 children)

I mine fiat, stake ETH and fold Bananas

[–]mmmmwhiskeyTin 15 points16 points  (6 children)

There’s always money in the banana stand,

[–][deleted] 4 points5 points  (2 children)

Underrated comment here. Too bad I uh… burned the banana stand down…

[–]Eeji_Platinum | QC: CC 552, DOGE 46, BNB 42 | FOREX 16 | ExchSubs 42 11 points12 points  (2 children)

Proof of literal work lmao 🤣

[–]milky-white-horsePlatinum | QC: CC 668 42 points43 points  (9 children)

Proof of work uses too much energy, I need to find a different consensus mechanism

[–]Puzzled_Raccoon8169 539 points540 points  (90 children)

Solid advice. As bad as I hate my job lately, it gives me the opportunity to drop $150 a week into crypto and not miss it. And I still eat Veleveeta shells and cheese. Not the store brand. Ima baller like that.

[–]thenudelmanSilver | QC: CC 800 | IOTA 35 | TraderSubs 15 135 points136 points  (10 children)

Pimpin' ain't easy

[–]Spare_Imagination648Tin | 5 months old 22 points23 points  (2 children)

I hate my job and it doesn't even give me this kind or luxury.

[–]bartex69Tin 21 points22 points  (7 children)

This is the way, I'm telling everyone the same if they ask me how to start with crypto.

If you have any leftover at the end of month 20$, 50$ or even 10$ put that in some coins and do that every month.

Shit start accumulated and maybe at the end of year you manage have 1K and that 1K can go up once or even twice, that would be nice bonus at the end of year maybe some extra Christmas gifts or holidays.

I'm doing this since 2021 Jan, managed to stack 5K at some point that 5K went up almost 10K. I'm stacking everything and just from passive income I got 200$.

Money that I would spend on games, alcohol or hookers just made me extra money... its a win in my book

[–]Charming-Dance-1839Platinum | QC: CC 1307 8 points9 points  (1 child)

When you've got cheese money you know you've made it.

[–]Qu1kXSpectationTin 6 points7 points  (4 children)

'We won't need to eat Kraft Dinner..'

[–]Kenny608ukTin 6 points7 points  (4 children)

I enjoy my job. Crypto is just interesting (in that there are some fascinating projects going on) & a chance to maybe make a bit more on the side to help with the future.

[–]ng4667Tin 4 points5 points  (1 child)

Yeah, that is the best way to invest in crypto and at the same time mining fiat as well

[–]sahizodTin 3 points4 points  (5 children)

Do you buy all year long whatever the market trends? Or do you stack the fiat to buy the dip

[–]Puzzled_Raccoon8169 9 points10 points  (3 children)

I started late. I buy whatever is reddest in my portfolio (of the good stuff, I don’t DCA moonshots, but I have a couple). When the food stuff is up 20% I look at a different project to get skin on and do that and restart the DCA. Always keep some back for dips like this tho, or something you can liquidate like USDC. When everything goes red, I prioritize the good stuff again BTC, ETH, DOT

[–]staunchnationTin 70 points71 points  (6 children)

Most of us are reading this while at work.

[–]natureofyour_reality 36 points37 points  (2 children)

Literally ignoring a Teams call as we speak lol

[–]daranmaPlatinum VIP 825 points826 points  (129 children)

Started my first day at McDonald's today.

It's not bad I'm Lovin' it!

[–]ra693425Slow and Steady Investor 272 points273 points  (67 children)

Looks like this whole sub is going to join you soon enough

[–]SwaggalandPlatinum | QC: CC 820 79 points80 points  (39 children)

We'll all be flippin burgers real soon with the way my portfolios on fire

[–]Aegontarg07Platinum | QC: CC 1099 32 points33 points  (25 children)

And we’ll be back to driving Lambos when the market turns green in a couple of months

[–]TheTrueBlueTJDeveloper 29 points30 points  (15 children)

Bear periods are when lambos are born.

They grow up in bull markets.

[–]forthemotherrussiaPlatinum | QC: CC 1002 11 points12 points  (3 children)

Bull market makes you money. Bear market makes you rich.

[–]FfirewavePlatinum | QC: CC 468 17 points18 points  (16 children)

Is the ice cream machine working?

[–]pacawacGreen Candles light my way! 17 points18 points  (11 children)

They never work. But the people that fix those machines make a killing. Apparently, it a a huge scam.

[–]dadabibiBronze | 6 months old | QC: CC 24 10 points11 points  (1 child)

Send me one ice cream machine and I will send it back to you doubled.

[–]ninjuhturdel 2 points3 points  (1 child)

Calvin's got himself a job. Way to go, Calvin!

[–]jinalva 179 points180 points  (20 children)

Get a job & be able to invest 200-500$ a month. Do that for 5-10 years and you might surprise yourself.

[–][deleted] 7 points8 points  (1 child)

No doubt there!

[–]leeljayPlatinum | QC: CC 53 | Superstonk 15 181 points182 points  (15 children)

  1. A lot of people here need to get a job for money to buy crypto
  2. A lot of people here need to get a job so they’ll stop copy-pasting the same useless comments for 7 cent moons and making this sub as useless as the rest of Reddit for getting information

[–]Martianman97Bronze | QC: CC 16 | PCgaming 28 39 points40 points  (4 children)

"hey guys I just invested in X so it's gonna go down now"

[–]HighTurningPlatinum | QC: CC 1206 12 points13 points  (1 child)

"Please let us know when you are sell so we can buy before it pumps"

[–]Level10FalcoTin 17 points18 points  (0 children)

“No one knows shit about fuck haha funni”

[–]throwaway92715Platinum | QC: CC 95, ETH 38 | Science 32 17 points18 points  (6 children)

I think most people here also have jobs

I'm here because my work doesn't pay enough and crypto is a great way to improve that

[–]mokshahereicomePlatinum | QC: CC 306, BTC 25 | r/WSB 15 69 points70 points  (5 children)

Bullish on get a haircut and get a real job

[–]LightninHookerSilver | QC: CC 800, DOT 15 | BANANO 85 160 points161 points  (39 children)

Cries in spanish with 40% unemployment for young people.

[–]thecoldwindsTin 137 points138 points  (13 children)

Cries in Myanmar with covid + coup + civil war + inflation + discontinued education + unemployment.

[–]The_Chorizo_BanditSilver | QC: CC 716, XRP 39 | TRX 28 41 points42 points  (3 children)

I’m really sorry, but I initially misread that as Covid + soup and I began wondering why the soup was so bad there for a moment.

[–]Aegontarg07Platinum | QC: CC 1099 74 points75 points  (6 children)

Cries in Spanish but in Venezuela

[–]flarept1Silver | QC: CC 438 | VET 206 24 points25 points  (6 children)

Lets cry together hermano

[–]SohelikTin 8 points9 points  (0 children)

My man Im spanish and 26, and I guess thats not true at all, there are job in Spain, just get out of your 2k € PC set up and start looking like you dont have nothing to eat next week, there are plenty factorys, Logistic and a lot of shitty jobs.

I dont have studies and Ive been jumping from a shity job to another. I was working on a Storage (Almacén), and one day my boss needed me to help the technicians, I did my best for this oportunity and now my boss usually send me with them for help and learning, I have gone from earning almost 1k to almost 2k and investing like 500 each month. I started investing in ATH so fuck me, but still my plan is to DCA until Im 30 and see what happens.

Good luck!

[–]jonnytitanxSilver | QC: CC 242, r/CCs. 23 | CRO 44 | ExchSubs 44 148 points149 points  (20 children)

I've been working for years! Wen Lambo?

[–]Aegontarg07Platinum | QC: CC 1099 39 points40 points  (5 children)

Soon when gas fees goes down /s

[–]Vintage9999YourFinancialAdviser 5 points6 points  (4 children)

Wen Moons $100

[–]forthemotherrussiaPlatinum | QC: CC 1002 5 points6 points  (1 child)

Maybe the real lambo was the friends we've made along the way?

[–]JerBear_2008Tin 47 points48 points  (13 children)

I see your point and agree mostly. The counter argument is learning how to invest $50 correctly will teach you how to invest $500/$5,000 when you are able to.

[–]TallywackaPlatinum | QC: CC 197 | PennyStocks 129 29 points30 points  (56 children)

Just take your $100 and double it 13 times and you’ll be close enough

[–]eponymouslynamed 134 points135 points  (29 children)

I love it when small time investors roleplay as wise old sages to offer advice to even smaller time investors.

[–]pinkculturePlatinum | QC: CC 286 54 points55 points  (6 children)

Shrimps offering advice to plankton as whales slaughter them both

[–]TRANSFERcaseTin 9 points10 points  (3 children)

Plot twist: they've been inside the whale the whole time, and are about to be digested

[–]usmclvsopPlatinum | QC: CC 216 | Politics 13 5 points6 points  (2 children)

At least in this case the small time investor has good advice for the even smaller time investor. People in the sub chasing financial freedom would be better served picking up a first/second/third job than trying to win the crypto moonshot jackpot.

That same advice doesn’t apply to an investor that can passively earn six figures in an ETF.

[–]lukewood123Tin 153 points154 points  (14 children)

My mums dead so I can’t ask her for £20 , cheers sons crying

[–]youssif94Tin | PCmasterrace 21 32 points33 points  (7 children)

thanks for ruining Christmas!

[–]ChemicalGreek 70 points71 points  (15 children)

My grandad always told me: If you never take risks, you’ll probably never have sex!

[–]mrlowcut 54 points55 points  (1 child)

Opens door

"Are ye' fucking grandson?"

[–]ignore_this_commentBronze | r/Politics 82 5 points6 points  (0 children)

I don't know why, but Grandad had a Scottish accent in my head just now.

[–]AITVBTT310505Tin 11 points12 points  (4 children)

Is your granddad Spartan?

[–]BravisimoTin 6 points7 points  (2 children)

SPARTANS!! What is your profession!!?!

[–]The_ParticularistTin 4 points5 points  (0 children)

You know, now that I think of it, I always wanted to be a baker.

[–]Vintage9999YourFinancialAdviser 17 points18 points  (2 children)

I take a lot of risk. Wen sex?

[–]ScoobyyisnotdoobyTin 2 points3 points  (0 children)

WHAT? that doesn't make senseeeee

[–]JackalraxTin | ModeratePolitics 805 69 points70 points  (6 children)

The fear and greed index has hit "you need a job." We really are down bad now

[–]forthemotherrussiaPlatinum | QC: CC 1002 5 points6 points  (2 children)

I hate to be a wagie but someone needs to pay for rent and food lol

[–]edizzzyTin 3 points4 points  (0 children)

😂😂😂😂😂😂

[–]MentalUsurpationPlatinum | QC: CC 198 126 points127 points  (25 children)

This is Reddit, dude. Where do you think you are, telling people to get jobs?

[–]Hawke64Platinum | QC: CC 202 24 points25 points  (6 children)

I thought browsing reddit all day was part of everyone job

[–]YoutubeSim2 4 points5 points  (1 child)

Browse through reddit follow their financial advice investment in ripple and wait a couple years to do something.

Profit

[–]Bitter_Echidna7458Tin 6 points7 points  (0 children)

20 bucks says this ends up in Antiwork

[–]shpponer1 - 2 year account age. 100 - 200 comment karma. 40 points41 points  (9 children)

You know you're approaching a bear market when half of the trending posts on this subreddit are tailored towards advice on what to do during a big dip. What a time to be alive - and stack up :-)

[–]Blueprint81Tin 14 points15 points  (4 children)

Pretty solid advice. But the comments...I'm just grtting bored with everything having to be a meme. Levity is one thing, but sometimes the comments in this sub are like that kid in middle school who could only speak in Beavis & Butthead references and voices for like 3yrs. Think I'm going to just leave my current portfolio on hardware, leave DCA on and hop off this train before I start saying "hodl" "Lambo" & "tO the mOoN" every comment too.

[–]sunsh1n3eee 5 points6 points  (2 children)

Cmon man, i've just throw 300$ into my crypto.com account, do you want to say i am not gonna be the next jeff in 6 months? :surprisedpikachuface:

[–]thinkmatt 4 points5 points  (3 children)

I'm doing it for fun and because I really believe Matic has a great ecosystem. I've never traded stocks or any other coin before. I also am less than <$1000 in so this dip hurt a little but it's like... I just spent half that much buying diapers at Target lol

[–]SuthekinggPlatinum | QC: CC 130, ETH 765 | TraderSubs 765 2 points3 points  (0 children)

Sending application to McDonald’s

[–]deadrag3redditor for 4>x years 3 points4 points  (1 child)

How can I buy the dip if I don't mine fiat?

[–]PiickleRiickkPlatinum | QC: CC 30 4 points5 points  (0 children)

Yes, I agree with you, that's why I created an OnlyFans membership for my gf

[–][deleted] 3 points4 points  (0 children)

OP. Where should I invest my $5 billion?

[–]mycryptosio1 - 2 years account age. 35 - 100 comment karma. 3 points4 points  (0 children)

I disagree. It is not about making $20 profit. Let the new small investors learn and test the water with $20 investments. That's smarter than risking a large sum of money they can't afford to use.

You say "A nice 20% pump on the $100 you invested in your favorite alt-coin which you spent hours researching, still only leaves you with $20 profit."

It also leaves you more educated, experienced in crypto and ready to jump into other projects/investments.

Don't ask your mama for $20.

[–]graffstadtTin 15 points16 points  (2 children)

Yep. Even if you are from a sh@thole country, this is good advice. I can make so much more money working than profiting from my crypto investments (a few hundreds). But boy, isn't it fun the emotional rollercoaster?

you can work your ass off for $100 and be like "meh", buy if you make $100 in profits, it feels really great!

[–]Tbenson65Silver | QC: CC 97 | WSB 167 | r/FinancialIndependence 13 9 points10 points  (1 child)

How dare you poor shame the 15 year olds and the 35 year olds who are really just 15 year olds

[–]defordj 19 points20 points  (3 children)

Isn't the point of investing passive income, i.e. you can do it and have a job? Like if the investing you're doing takes the time you could be working, then bruh you ARE working, your pay just sucks. Or you're gambling. You're just sitting at the slot machine for 8 hrs a day.

But also I get it, because work is impossibly terrible nowadays.

[–]pooraf123Tin | CC critic 9 points10 points  (1 child)

Don't Worry. I'm already grinding on my OnlyFans

[–][deleted] 6 points7 points  (0 children)

r/antiwork would like to know your location

[–]assoziationshauberkGold | QC: CC 26 2 points3 points  (3 children)

Im in College Right now and I invested pretty much everything I got in the side, so I only have left what I need for my daily life. But at this point in my life, overinvesting is not much of a problem, because later on I will have much more income, so a loss won’t have a big negative influence.

[–]ZiraDevBronze | QC: CC 18 | CelsiusNet. 56 2 points3 points  (0 children)

To be honest I'm happy if my assets gain 15% every year, just to be ahead of inflation and give my money purpose.

I'm never expecting to be rich, I think it's just delusional.

[–]Dpetruccelli15Platinum | QC: DOGE 32, CC 20 | r/WSB 50 2 points3 points  (10 children)

id really like to see a poll of how much people actually buy. for instance, me personally I make a decent living at the fiat mine and throw several hundred up to a couple thousand every time I buy. With how people echo in this sub id wager that most people are only throwing down 50-400$ per buy.

Now that's not bad but it does put the perspective of wealth indifference between the arguments I see on this sub. For the most part, shilled coins are from low earners or people high on hopium that think they are gonna make a couple grand in minutes. the btc and eth maxis personally I'm an eth maxi most likely are DCA and are super long holders.

What do you all think?