You are viewing a single comment's thread from:
RE: Craig Grant Loses Access To His STEEM? DAFUQ!?!??
It is rarely those who can manage their money who get bitty rich, like celebs and lotto winners.
I manage money like a champ, so the chances are low that I will get bitty rich.
Ugh, if only!!!!
It has certainly been weird on the people I saw get bitty rich. Some were non technical people making up stuff and pitching ponzi schemes. Others were delusional man babies who went deep into projects that got hyped up huge for no real reason. Then there were the ones who were able to buy some and set it and forget it and they didn't have to look at it everyday and suddenly when it surges it is like whoa!!!
Having bills doesn't help. lol
I know a couple of guys who bought mansions in Texas with their fortunes. Like, the whole buying a mansion thing is so dumb and overrated and short-sighted. That's how celebs go broke. You have to have wealth to own a mansion. Not just be bitty rich, but have actual wealth, like hand-me-down wealth. Because you have to pay people to help maintain your mansion...like....for the rest of your life. Why people be dumb?
Ugh life's not fair, hahahaha.
I really can't speculate on the situation with the mansions. I don't know how much crypto the have and how much they put down on the properties....etc. The property taxes certainly catch up to celebs and athletes after the money runs out. With crypto I would say if someone makes the right moves and has the right timing then they could be Bitty Rich for life at this point.
For instance there is a whale here in Tucson who bought in heavy when Bitcoin was $1. I was mid 30's when he did that I would say and once it panned out and he got bitty rich in the 2013 booms he mapped out the rest of his life and how much he would have to sell each month / year to live through 95 years old.
He wasn't necessarily living a crazy baller life but by his calculations he could live very comfortably his entire life.
If a person gets to a point where they can live years without selling but they do sell some when prices go parabolic they can be pretty set.
I mean just imagine some of these whales on here that invested $1000 and ended up with $500,000 worth. Well at a point like now they can delegate power to one of the paid upvote services, put people on auto votes or whatever else and be earning potentially 30% on their money. Once you don't really need the money to live off of and you get to a point where you would have to try to spend money then it just keeps compounding. I almost feel like a person has to have hundreds of thousands of dollars worth of crypto to really get to that point. But it is all relative for sure