How much crypto would you like to have so you don't have to work anymore?

[bitbit97]

If I manage to cover all my and family current needs with one month salary, then having an monthly salary +50% in crypto equivalent will be enough not work for a month. That 50% will be an insurance from price drops during next month and form a financial pillow. However, I cant tell how much exactly I need money not to work anymore. Is it possible to calculate? I have savings. I dont know what will be cost of living after 5 years. I cant predict any unpredicted expenses. If we return to basic child dreams of I want to be a millionaire so I wont have to work anymore and would buy everything I want, then a million is very far from enough.

[JISAN]

I believe that many people here have the dream of achieving financial independence or even retirement with cryptos

Have you thought about it?
What would be the value to quit your job and dedicate yourself solely to cryptos?

Don't just answer the amount, explain if you'd like to continue working with cryptos, or other projects, or if you'd like to sell everything and go live alone on a beach hahaha 

Crypto provides financial freedom, but no matter who invests his money here or has a large amount of crypto holdings, no one can spend their retirement time relaxing with them because crypto is very volatile so crypto assets are always worthless.  Even if a person is very rich today, his wealth can decrease at any time, so those who rely only on crypto can never go into retirement.  And after a certain age, everyone takes a break from their workplace, but not fully retired, only their type of work changes.

[rdluffy]

Crypto provides financial freedom, but no matter who invests his money here or has a large amount of crypto holdings, no one can spend their retirement time relaxing with them because crypto is very volatile so crypto assets are always worthless.  Even if a person is very rich today, his wealth can decrease at any time, so those who rely only on crypto can never go into retirement.  And after a certain age, everyone takes a break from their workplace, but not fully retired, only their type of work changes.

Interesting subject to discuss in your sentence
Could it be that in the near future we will have people living and retiring on cryptos alone?
Will there be a large enough economy to allow this?

With a portfolio of BTC and stable coins, nowadays you can do a lot of things, take out loans with your BTC as collateral, invest in DeFis to have a monthly income...

[Chilwell]

I'm a very simple person, and with uncertainty in living in our country, I prefer to just save my earnings and continue working at phase without joining the rate race to earn a decent living, I consider myself already wealthy if I have the time to do what I please at my own phase and that includes vacation on a beach from time to time.

I've always been someone who prefers a simple life over material wealth. As you astutely pointed out, being wealthy isn't just about having a large bank account or accumulating riches. Wealth can be measured in many different ways, and I firmly believe that some of the most valuable forms of wealth aren't monetary at all. For instance, good health is a form of wealth. When we're healthy, we're able to live life to the fullest, pursue our passions, and spend time with loved ones is also a form of wealth. Having freedom is another essential form of wealth. When we're free to make our own choices, pursue our own goals, and live life on our own terms, we're able to feel truly alive and fulfilled. Living peacefully is also a vital form of wealth. If you don't rely on others for your happiness, well-being, or financial security is another important form of wealth.

However, in today's challenging economic, I think many people often prioritize financial wealth over these other forms. Because without financial stability, it can be difficult to achieve the freedom, peace, and independence that we desire. When we're struggling to make ends meet, it can be hard to feel truly wealthy, no matter how much we have in other areas of our lives.

So, while I still believe that there are many different forms of wealth, I also recognize that financial stability is an important foundation for achieving many of the other things we value in life.

[albon]

There is no limit to how one can be rich, so i will always like to have my crypto portfolio always increasing from time to time, this will help me to remain on a sustainable level with my achievements in it, because am always having more of gain than losses from the way am investing in crypto, instead, i will always be well positioned for making more and more till am more richer in financial economy beyond being broke.

People may or may not make a lot of money with cryptocurrency. But success factors from crypto include market research and understanding technology and risk management. Also, luck must always be with you because there are people who have become rich just from investing in a meme coin. There are many other elements that are important such as strategy, timing, knowledge and discipline.

Because cryptocurrency are so new and uncertain they carry more risk than traditional investments. The smartest thing to do is invest what you can afford to lose. If we can always reduce the amount of losses then it will be possible to get a good profit from the investment.

[Rubel007]

There is no limit to how one can be rich, so i will always like to have my crypto portfolio always increasing from time to time, this will help me to remain on a sustainable level with my achievements in it, because am always having more of gain than losses from the way am investing in crypto, instead, i will always be well positioned for making more and more till am more richer in financial economy beyond being broke.

People may or may not make a lot of money with cryptocurrency. But success factors from crypto include market research and understanding technology and risk management. Also, luck must always be with you because there are people who have become rich just from investing in a meme coin. There are many other elements that are important such as strategy, timing, knowledge and discipline.

Because cryptocurrency are so new and uncertain they carry more risk than traditional investments. The smartest thing to do is invest what you can afford to lose. If we can always reduce the amount of losses then it will be possible to get a good profit from the investment.

In the meantime, many have become millionaires from cryptocurrency, while some have lost all their money. How much an investor can profit depends entirely on himself. If he can analyze it properly and have a good idea about the market and invest in a suitable coin accordingly, then he can definitely reach his goal. Cryptocurrency is a risky platform where both profit and loss can be made from investment. However, if someone can only deposit a sufficient amount of money in Bitcoin and keep it for a long time, then he can definitely profit, which can provide security to his future financial affairs.

[dekafee79]

There is no limit to how one can be rich, so i will always like to have my crypto portfolio always increasing from time to time, this will help me to remain on a sustainable level with my achievements in it, because am always having more of gain than losses from the way am investing in crypto, instead, i will always be well positioned for making more and more till am more richer in financial economy beyond being broke.

People may or may not make a lot of money with cryptocurrency. But success factors from crypto include market research and understanding technology and risk management. Also, luck must always be with you because there are people who have become rich just from investing in a meme coin. There are many other elements that are important such as strategy, timing, knowledge and discipline.

Because cryptocurrency are so new and uncertain they carry more risk than traditional investments. The smartest thing to do is invest what you can afford to lose. If we can always reduce the amount of losses then it will be possible to get a good profit from the investment.

In the meantime, many have become millionaires from cryptocurrency, while some have lost all their money. How much an investor can profit depends entirely on himself. If he can analyze it properly and have a good idea about the market and invest in a suitable coin accordingly, then he can definitely reach his goal. Cryptocurrency is a risky platform where both profit and loss can be made from investment. However, if someone can only deposit a sufficient amount of money in Bitcoin and keep it for a long time, then he can definitely profit, which can provide security to his future financial affairs.

Holding bitcoin for a long time is the best way to gain profit in the crypto investing market, but it requires free money that is not needed in the near future. This is something that is difficult for me to do because I have targets in my investment and sometimes have needs that I must fulfill, so I prefer to be a trader rather than a long-term holder.

[enwi]

There is no limit to how one can be rich, so i will always like to have my crypto portfolio always increasing from time to time, this will help me to remain on a sustainable level with my achievements in it, because am always having more of gain than losses from the way am investing in crypto, instead, i will always be well positioned for making more and more till am more richer in financial economy beyond being broke.

People may or may not make a lot of money with cryptocurrency. But success factors from crypto include market research and understanding technology and risk management. Also, luck must always be with you because there are people who have become rich just from investing in a meme coin. There are many other elements that are important such as strategy, timing, knowledge and discipline.

Because cryptocurrency are so new and uncertain they carry more risk than traditional investments. The smartest thing to do is invest what you can afford to lose. If we can always reduce the amount of losses then it will be possible to get a good profit from the investment.

In the meantime, many have become millionaires from cryptocurrency, while some have lost all their money. How much an investor can profit depends entirely on himself. If he can analyze it properly and have a good idea about the market and invest in a suitable coin accordingly, then he can definitely reach his goal. Cryptocurrency is a risky platform where both profit and loss can be made from investment. However, if someone can only deposit a sufficient amount of money in Bitcoin and keep it for a long time, then he can definitely profit, which can provide security to his future financial affairs.

Holding bitcoin for a long time is the best way to gain profit in the crypto investing market, but it requires free money that is not needed in the near future. This is something that is difficult for me to do because I have targets in my investment and sometimes have needs that I must fulfill, so I prefer to be a trader rather than a long-term holder.

Of course the choice of an investment strategy is completely a matter of personal choice and everyone does their best to save money in accordance with the situation. When we want to engage in short-term commerce to meet new requirements, it is quite logical and practical to do so. The requirements that life presents shift from one to the other, and this shows that strategy alters as well. Attention should be paid to achieving the optimum balance between managing risks and their opportunities, so that the results attained would remain useful to the recipient. No matter how often we make proper decisions and think about them, every step chosen may bear positive outcomes in the future.

[Baofeng]

There is no limit to how one can be rich, so i will always like to have my crypto portfolio always increasing from time to time, this will help me to remain on a sustainable level with my achievements in it, because am always having more of gain than losses from the way am investing in crypto, instead, i will always be well positioned for making more and more till am more richer in financial economy beyond being broke.

People may or may not make a lot of money with cryptocurrency. But success factors from crypto include market research and understanding technology and risk management. Also, luck must always be with you because there are people who have become rich just from investing in a meme coin. There are many other elements that are important such as strategy, timing, knowledge and discipline.

Because cryptocurrency are so new and uncertain they carry more risk than traditional investments. The smartest thing to do is invest what you can afford to lose. If we can always reduce the amount of losses then it will be possible to get a good profit from the investment.

In the meantime, many have become millionaires from cryptocurrency, while some have lost all their money. How much an investor can profit depends entirely on himself. If he can analyze it properly and have a good idea about the market and invest in a suitable coin accordingly, then he can definitely reach his goal. Cryptocurrency is a risky platform where both profit and loss can be made from investment. However, if someone can only deposit a sufficient amount of money in Bitcoin and keep it for a long time, then he can definitely profit, which can provide security to his future financial affairs.

Holding bitcoin for a long time is the best way to gain profit in the crypto investing market, but it requires free money that is not needed in the near future. This is something that is difficult for me to do because I have targets in my investment and sometimes have needs that I must fulfill, so I prefer to be a trader rather than a long-term holder.

Not just free money though, it will take a lot of mental toll on us. That's why is not that easy, because just imagine accumulating and holding for a very long time, or at least in just one full cycle.

But if you have mental toughness and lucky you have a decent to stable source of income, then you can invest on Bitcoin and just leave your money there for a long time and see how it grows throughout the years.

[sampoerna]

Not just free money though, it will take a lot of mental toll on us. That's why is not that easy, because just imagine accumulating and holding for a very long time, or at least in just one full cycle.

But if you have mental toughness and lucky you have a decent to stable source of income, then you can invest on Bitcoin and just leave your money there for a long time and see how it grows throughout the years.

Yes, mental strength and emotional control are also very important in investing in crypto. Because during the bearish era, there will be a lot of bad things and FUD that are spread. And this makes the price of crypto sometimes plummet, even as if there is no hope anymore because of the depth of the drop. as experienced by BTC, XRP and several other top coins. Even several top coins also had to go bankrupt because of the bearish era and FUD which also spread. Here, we might want to make sure that we are ready for everything, both free money, mentality and also the knowledge that must be possessed so as not to invest blindly.

[rizqillah]

Not just free money though, it will take a lot of mental toll on us. That's why is not that easy, because just imagine accumulating and holding for a very long time, or at least in just one full cycle.

But if you have mental toughness and lucky you have a decent to stable source of income, then you can invest on Bitcoin and just leave your money there for a long time and see how it grows throughout the years.

Yes, mental strength and emotional control are also very important in investing in crypto. Because during the bearish era, there will be a lot of bad things and FUD that are spread. And this makes the price of crypto sometimes plummet, even as if there is no hope anymore because of the depth of the drop. as experienced by BTC, XRP and several other top coins. Even several top coins also had to go bankrupt because of the bearish era and FUD which also spread. Here, we might want to make sure that we are ready for everything, both free money, mentality and also the knowledge that must be possessed so as not to invest blindly.

mental and emotional control are very much needed in crypto investment, because sometimes we see FUD that makes many people panic. If we don't have good emotional control we will panic. and this is very risky.
We have to be careful and it all takes experience to be able to stay calm.

[Z-tight]

With a portfolio of BTC and stable coins, nowadays you can do a lot of things, take out loans with your BTC as collateral, invest in DeFis to have a monthly income...

I am not too sure about investing in Defi, i don't trust many of them. I also do not recommend that people hold stable coins for a long time, they can get banned or lose their peg, etc. I feel safe when i am holding BTC, it is safe if you do everything correctly and it is also decentralized with no third party in control.

[MrSpasybo]

I believe that many people here have the dream of achieving financial independence or even retirement with cryptos

Have you thought about it?
What would be the value to quit your job and dedicate yourself solely to cryptos?

Don't just answer the amount, explain if you'd like to continue working with cryptos, or other projects, or if you'd like to sell everything and go live alone on a beach hahaha 

I really want to quit my full-time job to focus on crypto, I want to become a trader and make money from price charts instead of working hard as a teacher and researcher at the University. I just want to study the market and make a profit, then share my experience with members on AltcoinsTalks ^^

However, I know that I am not ready to quit my job right now, because it still provides me with a stable income and I don't have to worry too much about investing in the crypto market. I call it a positive psychological impact when I am still in my comfort zone. Anyway, crypto is a part of investing, it's not the whole life that I want to experience.

[rizqillah]

I believe that many people here have the dream of achieving financial independence or even retirement with cryptos

Have you thought about it?
What would be the value to quit your job and dedicate yourself solely to cryptos?

Don't just answer the amount, explain if you'd like to continue working with cryptos, or other projects, or if you'd like to sell everything and go live alone on a beach hahaha 

I really want to quit my full-time job to focus on crypto, I want to become a trader and make money from price charts instead of working hard as a teacher and researcher at the University. I just want to study the market and make a profit, then share my experience with members on AltcoinsTalks ^^

However, I know that I am not ready to quit my job right now, because it still provides me with a stable income and I don't have to worry too much about investing in the crypto market. I call it a positive psychological impact when I am still in my comfort zone. Anyway, crypto is a part of investing, it's not the whole life that I want to experience.

It is better to keep a real-world job because crypto is unpredictable. and we can't take the risk of quitting our jobs to focus more on crypto. our families need money and there are many needs that we have to fulfill while focusing on crypto does not guarantee that we will always profit.

[rdluffy]

I really want to quit my full-time job to focus on crypto, I want to become a trader and make money from price charts instead of working hard as a teacher and researcher at the University. I just want to study the market and make a profit, then share my experience with members on AltcoinsTalks ^^

However, I know that I am not ready to quit my job right now, because it still provides me with a stable income and I don't have to worry too much about investing in the crypto market. I call it a positive psychological impact when I am still in my comfort zone. Anyway, crypto is a part of investing, it's not the whole life that I want to experience.

Your case is very interesting, a teacher in a University (congratulations, it's a great career  )
If I may ask, are you dissatisfied with your work in general or just financially?

Some professions allow you to have some idle time so that you can use in cryptos, but I imagine that in your case it's quite difficult