You have heard the stories. We have all been told that the cryptocurrency market is the place where lives can be changed forever. That people are becoming rich and finding financial freedom. A market that will cause the largest transfer of wealth that the world has ever seen. The people who are already invested will be heavily rewarded, and those still on the sidelines will have life-long regrets.
While all of those things could happen, there are other unexpected ways that the cryptocurrency market changes you.
Some people even call it the curse of cryptocurrency.
However, not all curses are bad.
Once you have gone down the rabbit hole of Bitcoin, Ethereum, and crypto there is no going back. It is a one-way street. You will never be able to look at the world the same way you did before.
For some people, this is a blessing. They feel that they have finally escaped the matrix. Finally being able to see how the world operates. How rich people and organizations control the world, and that the game is rigged against everyday people.
You will become a self-taught master of macroeconomics, money, interest rates, growing a passive income, and become political.
Once you know how the game works, that is when you have a chance to not only succeed but dominate.
The cryptocurrency market awakens an entrepreneurial personality that is hidden within all of us. This new personality of ours soon becomes an obsession.
Perhaps it is due to so many people in this industry trying to turn around their financial situation. But after you finally begin to have success in crypto, that is when you decide to take it up a notch.
Soon you wake up every day constantly thinking about how you can reach your ultimate goal of financial freedom. You come to the conclusion that you need as much money as possible.
This is where the curse of cryptocurrency begins to enter your life.
Eventually, money will take up a majority of your thoughts. Thinking about how you can cut back on your budget, have a side hustle to earn more cash, sell things around the house, chase airdrops, stake for passive income, obsessively consume crypto YouTube videos and podcasts.
Soon your obsession to succeed will increase to a point where you find it impossible to completely relax. Watching a movie or playing video games sounds nice, but you feel guilty when you could be using that time toward the crypto market. After all, if there is one thing the crypto market has taught us, it is that if you put in the time and effort; there is money to be made.
You tell yourself that you will sacrifice your free time for the short term so that you can reach your goals and relax even more in the future.
Crypto is a market that will mentally challenge you, unlike any other financial asset. There is an impossible amount of information to keep up to date on, and then there is the heavy volatility. During bear markets, it’s a regular event to see the value of your altcoins drop by more than 90%.
If you can survive this market for the long term, there is a great chance that you will become very wealthy. But, it will take a toll on your mind.
There will be a part of you that longs for the days when you were carefree and never had a concern about financials. Times when you weren’t concerned about inflation, the collapse of the dollar, and consumed by the crypto market.
With all of that said, you wouldn’t want to change a thing.
If there is one thing I can attribute to my success in the cryptocurrency market, it is this absolute obsession I have had to succeed. Each day I need to improve and move closer to my goal.
Some may say that this obsession is a cryptocurrency curse, however, I would call it a blessing.
How about you? Have you been infected with the cryptocurrency curse?
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As always, thank you for reading!