@Altcoin_Baggins@insidecalls when you make $5M fast you don’t think about all the extra and even if you do it’s 10-20% of networth assuming 0 growth
but yes a house, a car, holidays, etc. We are saying one time costs
assume crypto trader makes ~$5M in liquid profits US first time
he hit it big, let’s assume he’s lucky and takes 80% of that straight out: ~$4M
tax is 50% ~$2.5M taken
spending let’s say ~$500K within that year, enjoying his life, treating family, etc
$2M left assuming he doesn’t lose that money in crypto
people really underestimate how much money they need to make post tax
it’s crazy how easy people here in crypto ask you to borrow or give them money even though you barely even interacted previously
it’s always “hey can you give me [insert money number] because of [insert random sad story]”
but i don’t recall any of them ever asking me whether if I needed help
i had days where i’d go to sleep in tears because i wasn’t doing enough, i couldn’t rely on others and so many other reasons
but i never once went out of my way to be a burden to others, i’d always just tough it out and find ways to push further
it wasn’t easy, but that’s what got me to where i am at today
sometimes people forget that everyone has their own hardships and care a little bit too much about themselves and don’t give enough thoughts about the other person behind the screen
just food for thought
@kayisagijr we make big predictions so when it’s off the target is still big :)
the $17B still feels small — does that include everything like gaming NFTs etc?
@btcwhizz it’s not a fine line it’s an obvious one, me tip toeing doesn’t change shit, and yes that’s what I mean obviously I’m not saying crypto is haram or I wouldn’t be here
I don’t believe the current version of crypto is the same as what i made my money from. People can argue NFTs are the same as memecoins but they tried to have utility, or were just art. And then appreciation through trading spot of big tokens. Never did leverage.
It’s already turned into lottery gambling! If this makes you hate us I hope you are guided, we need to help each other. And it’s not like i called you out specifically, if you disagree then tell me what reasoning you have.
watch how your surroundings (online and offline) impact what you desire
keep yourself around people who desire the high life: cars, watches and jets
you will naturally want that more
be around people who care more about their health, family and making an impact
you change
generic advice you hear it all the time but hits harder when you put yourself in this position and figure out what’s pushing your desire now
fight it if you know it’s dumb internally
hedonism will not grant you happiness
you can argue crypto has always been some form of gambling forever
but evidently in the last few years it’s turned into just that
memecoins, 1000x leverage, prediction markets, casinos
this is all that it’s devolved into nowadays
sad
fake it till you make it always works but we see it yet again
most of CT understand the ~$40M meme is false, but normies don’t
kimchis status increased so much outside that pumpfun gave him $6M
and funnily enough I think it’ll work in their favour
the fake $40m on the new kimchi coin in his wallet will spawn infinite clips on these short form content platforms and go ballistic
for some reason the site was tracking SOL but had issues showing it on transactions, so the total is $2,525,000+
a big shoutout to ~$28K+ donated via fees on MIMI a coin from pumpfun in the last 2 days
wow we are at $2.43M donated with a massive $52K donation from someone
that marks one of our biggest 10 donations an individual has done
people think the war is over for the children of Gaza but that is far from the truth — it is still ongoing but even if it was the after effects of the war is the part where people need healing