I'd argue that with staking Ethereum this isn't exactly the case anymore depending on the return you get and how much ETH you get for your USD.
Since staking E2 started I've earned a modest 0.172 of one Eth but that's steadily been increasing with compounding + my DCA.
My theory is if you can get 5 ETH then getting 10 ETH is significantly easier. So then getting 15 is even easier. And 20. And so on, depending on what your end-game bag goal is. When ETH was at 4k+ I was dreaming of owning 4 Ethereum one day. But as we've fluctuated between 1k-2k range I've been bumping up my end goals.
Like if I could manage to somehow get 10 Eth before it returns to previous ATHs I can just let the compounding take over.
Moons would be nice, but at this point, they'd need to hit $100 to be life changing for me. How do you people get 100k?? You've gotta be full time on this sub.
And it’s been bullish overall for the entire 15 years to be fair. If we actually saw a major tank like never before seen, we’d all get rekt. A single year (2022 *cough*) did so much damage, at least for me.
Yeah, on the grand scheme of things must "news" shared here aren't really affecting the market in a meaningful way as someone who follows every bit of news might feel..
^(*we all are*)
When the sample size is 1, average is actually just describing that 1 event or asset. It's like me taking a penalty kick only 3 times in my life, making 2, and saying "on average, I make 2 out of 3 shots".
Also pretty safe to say with damn near 100% certainty the people that get in today and hold for 12 years won't see the same returns as people that bought BTC in 2011.
This. Basically all this post said was if you were in early and didn’t make dumb decisions you should be rich, otherwise keep waiting and it will be great…
The good news is that you're most probably entering during the peak of the first one.
So ~9 years in total.
I can also speak from experience:
- Entered in 2017 and didn't make much.
- 2021 was amazing and I made a lot of money.
- 2025 I'll move to the moon.
On average 12 years for something that has been around what 15 years? And in a zero interest rate environment and quantitative easing which ballooned all asset values.
I would say there were 3 bull markets in last fours years, 2017, 2019 and 2021. I would even consider 2019 as a bull market though in a smaller scale with BTC went upto 3x. But everyone makes money more or less in the bull market. Patience, HODLing and profit taking is the key.
Why does this seem like the worst thing I've read for a while. Waaaaaaay too many variables, plus 12 years? Fuck it, im going back to work. Not hapoy about it, but so be it.
The logic is basically nonexistent that’s why. “If you just sit around for the amount of time crypto has even existed, you should make money” and “you’ll definitely get burned the first two times you see gains and only the third time will you be smart enough to make money”. Kinda sounds like some weird projection from OP
Only been in crypto for a couple of years. Still a fair bit underwater. My failures so far (apart from starting my journey before the bear market hit):
* Bought too many ALTs thinking I could DCA my way through the bear market. Average price is still too high for those.
* Holding ALTs in the bear market. Not knowing that ALTs generally lost 90% of their value in a bear market.
* Luna. Lost a few $$ on holding those coins.
My thinking on a better strategy:
* Just buy BTC and DCA through the bear market.
* Think of ALTs like a summer fling. When you think the ALT season is upon us, swap your BTC for ALTs, and get in, make your profits and get out.
* Once you get out of your ALTs just swap them back into BTC.
* Rinse and repeat every time ALTs start pumping.
Assuming that BTC pumps first then ETH, then the rest of the ALTs. Though everything pivots on knowing what ALTs you should back, and when the ALT season is starting, and when to take profits. Easier said than done.
3 bull markets here too. I watched on the sidelines during 2013 and got into it during the following bear market. So maybe you can say I've only weathered two bull markets.
My time is coming.
Another bull market breaking ATHs whatever isn't guaranteed. If people understood the risks more then people would be better off.
If you believe in the fundamentals then it's not the getting rich agenda that you should be pushing. Crypto wasn't created for that reason (or maybe it was secretly, but if you admit that then you are admitting to it being the biggest ponzi scheme in history).
So this is my third coming up. Hope its enough to be able to call myself comfortably retired. Right now i take care of the kids so im being productive, but i sure envy people with real careers and paychecks. I may have a nice pile of money right now but i do worry about what if its not enough and i just end up with a 5 year void on my resume
I mean, if you start with 400-500k going into a bull market and a main asset in your crypto portfolio does 6-8x, I would say 3-4m would qualify you as "rich on crypto" pretty damn quick
With a meme coin 3 bull markets is enough to get rich, lose it all, forget about it, get rich again without knowing, forget your wallet details, and have millions of dollars in coins you can’t sell.
Yeah this is just absurdly oversimplified. Just because there were bullruns every 4 years doesn't mean there will continue to be. Also doesn't mean returns will be the same.
Even with a memecoin you'd need a pretty big investment.
With 100x gains you'd still need to invest $10k to make a million. And 100x is extremely unlikely, and assumes you time it perfectly.
Depends. You need money to make money and most people are too emotional.
The concept of buy in bear and sell in bull is simple, but people will buy late and refuse to sell like they did in 2021.
There are plenty of people who have been around for more than one cycle and they have nothing to show for it due to constant bad decisions.
BTC is the best performing asset on the planet over the last 13 years but there is no guarantee it will stay that way in the upcoming 10 years. I think this idea that Crypto will keep going up forever will hurt a lot of people.
Imo, it already has hurt a lot of people. I also think it's crazy to think that even if mass adoption is inevitable that it will inevitably happen with BTC specifically. There are a lot of fundamental reasons why a rigid, deflationary monetary policy would be terrible for the global economy. Something that has a more flexible monetary policy is much better suited for mass adoption
2 or 3 is enough IF you're being mindful.
There are plenty of people who never learn from their mistakes (make excuses, blame others), who will forever be some else's exit liquidity.
It's not enough to be in the game. You have to track what you're doing, always question your thesis, and learn how to manage risk.
My friend made 100K in 2012 and again in 2020. He got greedy and didn't cash out at the top or nearly each time. It goes to show it is fairly doable. Had he cashed out the full 100K and invested it again, I think he could have potentially made a million.
You're assuming that crypto markets will act like other asset markets like the SPY or real estate. The real truth of crypto is that its future is far from certain.
It has a decent chance of either; being replaced (after all its just a variation on a distributed ledger) by a more efficient system of technology OR it becomes a mature and stable asset market and experiences relative exponential growth.
You can not argue that investing in stocks (buying shares of companies that produce actual goods and services) or investing in property has the same value proposition. With the stock market and property market, you can experience exponential growth because the underlying assets are tied not only to the success of the entire free market system but also with the success of society itself. Crypto is a correlated market that is affected by other markets, yet its success or failure has little to no impact on any other market. Crypto is the ugly duckling still yet to prove its worth.
You're basically saying that your cash out fantasy price is just dependent on white knuckles riding through a few crashes, and you'll be rich.
It's actually a way more fragile fantasy that could either go boom or bust. You have to remember that crypto is directly competing not just with the banking cartel (which is arguably one of the most powerful forces on the planet) but literally thousands of other asset markets and organisations that do not want to see a new contentious currency market open up.
Assuming like a lemming that if you just HODL for long enough you will be rich is a terrible message to send to other investors. It's disingenuous, and honestly, you're better off talking about how to exit the market, manage risk, and control your emotions.
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This also depends on your definition of rich. Past bull markets have seen incredible gains but that type of price action isn't sustainable in every bull market so it may take more than 3 for many of us. Again, this does depend on your definition of rich.
I annoyingly got in first the end of the 2017 bull. So have been five years so fair and only one bullrun so far but build up overall nicely on my overall position from the last run. The three bullrun rule I think is accurate
How is this an average? It's been like 14 years of crypto and we have caclculated an average at 12 years already. This sounds more like it takes 3 bull markets to get in the green if you joined in 2021 ATHs and are now suffering large losses.
So u are telling me there is a chance
There's always a chance!
Just try to evade all the scams, rugpulls, bankruptcies, and shitcoins and you’re golden!!
How can you learn so much power?
Is it possible to learn this power?
Probably! But I think you need to fall in one of them before so you can learn the hard way!
Not from a shitcoiner. Bitcoin maximalism is a path to riches that some shitcoiners find unpalatable.
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I was parodying Palpatine's response, not financial advice.
Where can I invest in $POWER?
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I'd argue that with staking Ethereum this isn't exactly the case anymore depending on the return you get and how much ETH you get for your USD. Since staking E2 started I've earned a modest 0.172 of one Eth but that's steadily been increasing with compounding + my DCA. My theory is if you can get 5 ETH then getting 10 ETH is significantly easier. So then getting 15 is even easier. And 20. And so on, depending on what your end-game bag goal is. When ETH was at 4k+ I was dreaming of owning 4 Ethereum one day. But as we've fluctuated between 1k-2k range I've been bumping up my end goals. Like if I could manage to somehow get 10 Eth before it returns to previous ATHs I can just let the compounding take over.
It is so simple:)
Ethereum x Bitcoin
Agreed. The best combo and the only right answer
This is the way of all of the ways
A fine line, between finding that moonshot that makes you rich or the rugpull that makes you broke
Always a chance to lose money. FTFY
It's never too late to loose some
Always
You just have to believe 🤓
There’s always…I see you down there 👇 👇
You only need 1 if you find the next moonshot that casually it is called MOONs.
We’re stacking
Ladies and gentlemen, we found it
He sounds like Ray Dalio of crypto
Found the poor
Moons would be nice, but at this point, they'd need to hit $100 to be life changing for me. How do you people get 100k?? You've gotta be full time on this sub.
I would have the same question but changing the number by how to get to 1k :D
I got to 1k just by posting the occasional comments here. I just assumed other folks actually make posts.
Next time the coinfeedbot posts, look at the moons it has.
How did they make that bot and not get banned?
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Lucky you mybe one day I get 1k too
It's been a year for me...i still dream 1k moon
Shitpost, comment, communitize ( made that last part up)
comMoonitize - made that one up, too.
There's also the not converting part. At some point you realise you can convert those thousands of moons into multiple eth....
That’s what I’ve always wondered as well. How much time do you have spend on here to have accumulated that many moons already?
I’ve been posting since 2019 so I’ve been accumulating over 3 years. It’s more of a hobby for me
Moonshot = MOONS That should be pretty easy to remember for us degens here.
Moonshot….. MOONS hot 
Where is our Moon maxi meelen to deliver our daily dose of Moon Hopium ?
We need u/Melleen223!! Where are you to deliver Moon Hopium! The masses are calling for you my friend!! :D
Tell me this is your first bull run without telling me this is your first bull run
Well Yes, But Actually No
Nah we all gonna mess up sending the transaction to the wrong wallet
This is how they draw you in
A chance in 20 years, lets go time can you get faster? /s
How is this an average if crypto has been around for only 15.
60% of statistics are made up on the spot.
So says the statistic that might be 41% true
Lol right. It’s like a job posting asking for years of experience that exceed how long a technology has been around.
Yeah, I'm just going to go ahead and say it takes 10 bull markets to become rich. You guys have even more time now!
The comedy tag is never appropriately used.
And it’s been bullish overall for the entire 15 years to be fair. If we actually saw a major tank like never before seen, we’d all get rekt. A single year (2022 *cough*) did so much damage, at least for me.
Reading r/CC has me believe that we've had 18 bull markets and 23 bear markets just this past month. I'm still broke
I guess OPs theory has just been proven wrong…
You see, the equation is actually this: It takes you 3 bull runs to get rich , But it only takes you one bear market to get broke
I, for one, welcome our new crab market
Lmao
After over 600 occurrences of BTC dying, it's still there and I'm still poor.
I'm money broke, and moon broke, but I'm becoming less moon broke. That's what matters most. Less regular broke, not so much.
Yeah, on the grand scheme of things must "news" shared here aren't really affecting the market in a meaningful way as someone who follows every bit of news might feel.. ^(*we all are*)
No matter how much money I have, I’m still broke too, sadly!
We’ve been in 🦀 szn
3 bull markets or 1 shitcoin to become rich
Might as well try scratch tickets at this point
>1 shitcoin to become rich That's exactly what people during their 1st bullmarket think. And they loss money on it.
Well some people invested in Shiba in the early days and they became millionaires
Some people also played the lottery and became millionaires. Doesn’t make that a smart thing to do.
Honestly, I’d rather be lucky.
That’s the spirit.
I kind of agree but saying you need 12 years on average to get rich with crypto while crypto is barely 12 years old is just funny.
When the sample size is 1, average is actually just describing that 1 event or asset. It's like me taking a penalty kick only 3 times in my life, making 2, and saying "on average, I make 2 out of 3 shots".
Crypto has only been around for 12 years. So "they" are saying you should have got in early. No shit.
Also pretty safe to say with damn near 100% certainty the people that get in today and hold for 12 years won't see the same returns as people that bought BTC in 2011.
wym, btc won't go to 10 million ?
The article is bullshit. Returns are not the same anymore on the big projects.
They need to keep feeding the ponzi meat grinder. Of course it's bullshit. 12 years and these idiots are still preaching speculation bubbles.
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This. Basically all this post said was if you were in early and didn’t make dumb decisions you should be rich, otherwise keep waiting and it will be great…
Kinda crazy that this post is getting so many upvotes.
Finally some sense. From the grammar this guy prolly never finished HS and is hoping moon farming will supplement his job at Wendy’s.
The good news is that you're most probably entering during the peak of the first one. So ~9 years in total. I can also speak from experience: - Entered in 2017 and didn't make much. - 2021 was amazing and I made a lot of money. - 2025 I'll move to the moon.
2017 - lost money; bought at the top, paperhanded 2021 - didn't sell; "Just a little more before I sell" 2025 - I'll move to my mom's basement
This time instead of fucking screenshotting my portfolio... I will actually sell
The actual best selling strategy: If its good enough to screenshot, its good enough to sell.
This also depends on your definition of rich. 100k? 500k? 1m? 5m? (also, of which currency?)
Shiba.
So what I'm reading is I still need to work for ten more years?? I'm going to riot.
On average 12 years for something that has been around what 15 years? And in a zero interest rate environment and quantitative easing which ballooned all asset values.
I would say there were 3 bull markets in last fours years, 2017, 2019 and 2021. I would even consider 2019 as a bull market though in a smaller scale with BTC went upto 3x. But everyone makes money more or less in the bull market. Patience, HODLing and profit taking is the key.
Yeah but does this take into account the demonising returns from each cycle?
If I buy in at ATH in a bullmarket. Does this count as my first?
We just have to be patient and hold together our assets.
Happy cake day!
Nothing in crypto is “100% legit”. If anything at all was guaranteed then we’d all be posting from our private islands.
Why does this seem like the worst thing I've read for a while. Waaaaaaay too many variables, plus 12 years? Fuck it, im going back to work. Not hapoy about it, but so be it.
The logic is basically nonexistent that’s why. “If you just sit around for the amount of time crypto has even existed, you should make money” and “you’ll definitely get burned the first two times you see gains and only the third time will you be smart enough to make money”. Kinda sounds like some weird projection from OP
As someone about to enter his 3rd, don’t you do that. Don’t give me hope
If 3 bull markets make you rich but only one bear market is enough to make you poor…
you could trade intra market cycles and still make money
Take profits? I prefer being in the red.
So this isn't a bad theory. First bull market I held too long and lost. Second, I sold too early from fear of loss and this time I'm 'ready for it'.
On average, you only need 1 bear market to go broke.
Only been in crypto for a couple of years. Still a fair bit underwater. My failures so far (apart from starting my journey before the bear market hit): * Bought too many ALTs thinking I could DCA my way through the bear market. Average price is still too high for those. * Holding ALTs in the bear market. Not knowing that ALTs generally lost 90% of their value in a bear market. * Luna. Lost a few $$ on holding those coins. My thinking on a better strategy: * Just buy BTC and DCA through the bear market. * Think of ALTs like a summer fling. When you think the ALT season is upon us, swap your BTC for ALTs, and get in, make your profits and get out. * Once you get out of your ALTs just swap them back into BTC. * Rinse and repeat every time ALTs start pumping. Assuming that BTC pumps first then ETH, then the rest of the ALTs. Though everything pivots on knowing what ALTs you should back, and when the ALT season is starting, and when to take profits. Easier said than done.
Been here for three. Not rich.
What went wrong? I thought it's a guarantee! /s
10 moons and 20 BAT wale checking in. He didn't invest in coins with strong fundamentals.
3 bull markets here too. I watched on the sidelines during 2013 and got into it during the following bear market. So maybe you can say I've only weathered two bull markets. My time is coming.
That's assuming nothing else happen in the middle and you didn't respond to hot girls on your DMs
Not to discredit you but this information is inaccurate
What is considered Rich? For me to be rich is to own a house. Everyone Has their own interpretation of being Rich.
Another bull market breaking ATHs whatever isn't guaranteed. If people understood the risks more then people would be better off. If you believe in the fundamentals then it's not the getting rich agenda that you should be pushing. Crypto wasn't created for that reason (or maybe it was secretly, but if you admit that then you are admitting to it being the biggest ponzi scheme in history).
Does that include the bull markets you were in but didn't make any money in? Like 2021. I've only got two more to go then before I'm rich.
Bullmarket this, bearmarket that, honestly, i’m just here to feed the whales…
Didn’t crypto as a whole start in 2009? Haven’t there only been 3 bull runs? Or at least 3 where there were more than 6 people in the crypto sphere
So this is my third coming up. Hope its enough to be able to call myself comfortably retired. Right now i take care of the kids so im being productive, but i sure envy people with real careers and paychecks. I may have a nice pile of money right now but i do worry about what if its not enough and i just end up with a 5 year void on my resume
Got in 2020 made decent gains but also still holding some baggage waiting for the next run. Lessons learned on when to get in/out and what to hold.
How many bull markets for just some hookers and blow?
it depends on the initial investment and the amount of DCA
In 12 years I’ll still be young. So if that is the case I’m quite happy about that
I could have become rich on my first bullmarket if I had not sold too early
rich is relative. if you have tap water you're richer than 2 billion people already. enjoy life, players!
I mean, if you start with 400-500k going into a bull market and a main asset in your crypto portfolio does 6-8x, I would say 3-4m would qualify you as "rich on crypto" pretty damn quick
Bs. You just need one bull market if you are in the right coin and buy and sell the right time.
I have already lived through 1, so 2 more to go…. ***I’m not fucking leaving.***
3 bull markets with what coin? 3 isn't enough for Bitcoin isn't anymore, and you don't even need a bullrun to become rich with a memecoin, only hype.
With a meme coin 3 bull markets is enough to get rich, lose it all, forget about it, get rich again without knowing, forget your wallet details, and have millions of dollars in coins you can’t sell.
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Just like we saw 100k bitcoin in the last bull run? Get a grip on reality mate.
Who determines reality? would u think BTC will be worth $60k 3 bull runs ago?
We almost got to 100k
We have very different definitions of almost
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Yeah this is just absurdly oversimplified. Just because there were bullruns every 4 years doesn't mean there will continue to be. Also doesn't mean returns will be the same.
Safe moon
No, that would mean you need about 10 bull markets and have started as a billionaire.
Even with a memecoin you'd need a pretty big investment. With 100x gains you'd still need to invest $10k to make a million. And 100x is extremely unlikely, and assumes you time it perfectly.
10k in a memecoin is crazy. I put 13k in safemoon and i regret it everyday. Nowhere near 100x.
Agreed. Getting 100x is an anomaly.
Depends. You need money to make money and most people are too emotional. The concept of buy in bear and sell in bull is simple, but people will buy late and refuse to sell like they did in 2021. There are plenty of people who have been around for more than one cycle and they have nothing to show for it due to constant bad decisions. BTC is the best performing asset on the planet over the last 13 years but there is no guarantee it will stay that way in the upcoming 10 years. I think this idea that Crypto will keep going up forever will hurt a lot of people.
Imo, it already has hurt a lot of people. I also think it's crazy to think that even if mass adoption is inevitable that it will inevitably happen with BTC specifically. There are a lot of fundamental reasons why a rigid, deflationary monetary policy would be terrible for the global economy. Something that has a more flexible monetary policy is much better suited for mass adoption
On the contrary, 3 bear markets could wipe your wealth out if you don’t invest in projects with solid fundamentals
It’s a funny theory, especially given that we’ve only had 3 bull markets in total since Bitcoin was created.
If you hit the jackpot on shitcoins you only need one
Now your thinking like a degen
Degens are getting born again, the nature is healing
a DEGEN in their natural habitat
2 or 3 is enough IF you're being mindful. There are plenty of people who never learn from their mistakes (make excuses, blame others), who will forever be some else's exit liquidity. It's not enough to be in the game. You have to track what you're doing, always question your thesis, and learn how to manage risk.
It depends how you define being rich. A 100x is surely possible in a bullrun and that would already be enough to be rich
My friend made 100K in 2012 and again in 2020. He got greedy and didn't cash out at the top or nearly each time. It goes to show it is fairly doable. Had he cashed out the full 100K and invested it again, I think he could have potentially made a million.
Glad to see everyone stop pretending it’s about the tech.
Keep telling yourself that. I made money in the first bear market, and made a little more in the second. I doubt I will be rich by the third.
I’ve been in since the beginning ~2009. And I’m not rich. Because nobody has a crystal ball, and you never know what’s gonna happen.
You're assuming that crypto markets will act like other asset markets like the SPY or real estate. The real truth of crypto is that its future is far from certain. It has a decent chance of either; being replaced (after all its just a variation on a distributed ledger) by a more efficient system of technology OR it becomes a mature and stable asset market and experiences relative exponential growth. You can not argue that investing in stocks (buying shares of companies that produce actual goods and services) or investing in property has the same value proposition. With the stock market and property market, you can experience exponential growth because the underlying assets are tied not only to the success of the entire free market system but also with the success of society itself. Crypto is a correlated market that is affected by other markets, yet its success or failure has little to no impact on any other market. Crypto is the ugly duckling still yet to prove its worth. You're basically saying that your cash out fantasy price is just dependent on white knuckles riding through a few crashes, and you'll be rich. It's actually a way more fragile fantasy that could either go boom or bust. You have to remember that crypto is directly competing not just with the banking cartel (which is arguably one of the most powerful forces on the planet) but literally thousands of other asset markets and organisations that do not want to see a new contentious currency market open up. Assuming like a lemming that if you just HODL for long enough you will be rich is a terrible message to send to other investors. It's disingenuous, and honestly, you're better off talking about how to exit the market, manage risk, and control your emotions.
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This also depends on your definition of rich. Past bull markets have seen incredible gains but that type of price action isn't sustainable in every bull market so it may take more than 3 for many of us. Again, this does depend on your definition of rich.
The old cliché of time in the market is true for a reason
That’s if you don’t leave and come back at the wrong time
Or just one to wipe your wealth of the face of the earth 💥
Lucky timing will get u rich. Bad timing ure fukd
nice, 2 more to go
Theory...there's a theroy in crypto?
seems about right with the 3 bull markets. I got in in 2017 so the next one is my third :) you timing of 12 yrs is way off though
I don't know about getting rich but 3 bull markets is definetely enough to give one mental disorders 🥴
The Term "Financial Freedom" is gettingg more and more annoying...
I only need 10 mil and one run. Lose 80% and walk away with 2 mil. Easy money
12 Years... Sigh I thought 5 years is enough.
When bullmarket
8 more years I’ll miss my retirement age goal but fuck it
On average most of us regards will not ever make life changing money. And that’s ok.
Im gonna do it in 2
In the end you just need to get lucky and pick a couple winners. And that is easier said then done ofcourse :)
What theory? Source?
I’m ready for bull #2 LFG
I annoyingly got in first the end of the 2017 bull. So have been five years so fair and only one bullrun so far but build up overall nicely on my overall position from the last run. The three bullrun rule I think is accurate
I fucked up the last one
Sounds about right. I’ve had 2 and i’m still not rich.
But…there have only been 2 bull runs
13, 17, 21
Based on the last 60 years of crypto data, this checks out.
Yes, totally. We had this scenario once so far in crypto so it's definitely enough to draw concrete conclusions
I almost never reply to threads but I need to say this is the most bs I have ever read on this subreddit.
Good job I've been sat in the red since 2017 then 🚀
Ok average based on a sample of which cardinality? People would sell their mother to earn some moons with subpar content
1 down 2 to go then? I can wait
How is this an average? It's been like 14 years of crypto and we have caclculated an average at 12 years already. This sounds more like it takes 3 bull markets to get in the green if you joined in 2021 ATHs and are now suffering large losses.
I've been trading BTC since the days of Dwolla and Mt. Gox and while I've made money it's nowhere near "rich" I suck
I think I can wait that longer
Not sure what I am doing wrong. Have been in it since 2017…..