Do you often feel like crypto is your only way to get ahead in the "game" the rich keep getting richer and leaving less and less to everyone else in the world. Inflation is killing your FIAT currency you earn at your job which is trust me is not going up as fast in terms of raises compared to inflation.
If you feel crypto is your way ahead then you're like me and a growing number of other people.
*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.
Stocks
When I was growing up everyone told me to invest into the stock market. However what they don't tell you is the crazy crashes and other things you have to put up with. For example I heavily invested in my 401k when I first started working. I got that match and I invested into stocks. Only to have that wiped out during the 2009 housing crash. It's a bit of a damper when you go through swings like that trust me and I often wonder how people make it today when you lose your job to go with it.
Sure you can make good money in the stock market but I would argue it's just as risky and many even more manipulated now then the crypto sector!
We are now in a cycle where no one wants to repeat 2000 and 2009 stock market crashes so what's happening?
Inflation and inflation that keeps chipping away at everyone but the wealthy. These constant injections of the government into bailing out banks and various other things they are doing are causing what should be a recession into a global inflation that simply wont reset. Instead the rich are getting richer and the poor are getting poorer.
Globalism vs Nationalism
Before the internet the worlds economies worked on a national level. Meaning everything was rather in house. While there was some global trading it pales compared to what we have today.
This has ushered in globalism which is trading around the world the seems to depeg values. A primary example of this is to outsource your labor force into cheap countries. This has caused people on the wealthier side to buy more "stuff" then they could before. and yes I'm going to highlight stuff here because as you get older you realize the stuff is seriously dumb and part of a very corrupt system.
Primarily what this has caused is the companies and wealthy but profit greatly and buy assets like houses, land and other limited supply high value while the "stuff" other people wanted lose value for the most part.
The Power Of A Few
Over the last 30 years this has caused these companies to actully become MORE powerful then governments and I believe we saw that clearly in the last 3 years with first Elon Musk simply giving Ukraine internet outside of governments control and then Blackrock forcing the hand of the SEC and Whitehouse to approve the Bitcoin Spot ETF simply because they have so much power and money over the heavily in debt government.
Crypto
So how does this all apply to the crypto space?
Crypto is one of the last places where people actully have a chance if they are smart enough to truly start to build assets for themselves. It's easier then ever to earn crypto in various ways from writing content on platforms like InLeo, Publish0x or Torum
These types of programs offer up the social and content side of the world in which power is slowly returning back to the content creators. We saw a bit of this with X (Twitter) however we also see the negative side of that where people farm random content that's not theirs to make a buck.
Outside of this is where the real power is and that's everyday people having access to the tools that are normally reserved for banks or the wealthy. Things like DeFi, staking rewards, node operations, liquidity providers are all powerful ways to building wealth on a much more rapid scale allowing you the every day person to act like the ultra wealthy.
What tools do you currently use to build your wealth?
Posted Using InLeo Alpha
Yes crypto can give lot, but time can take all back too in crypto world, so in end you must be all time ready to move fast or you fill not get in crypto also all free things.
Just like you said the stock market keeps crashing , but even when we think our money is gone it actually goes to someone's pocket to enrich them and make them financially free from the governmental bodies .
There nothing we can do but accumulate our smaller assets given to us by the hive blockchain so as to stay afloat financially 😌
👏 Keep Up the good work on Hive ♦️ 👏
❤️ @bhattg suggested sagarkothari88 to upvote your post ❤️
🙏 Don't forget to Support Back 🙏
Indeed, crypto gives opportunities every then and now but when market crash.. everyone is like doomed already. People don't have that patience.. expecting 2x in less than a day holding crypto is becoming a norm in this space.
Still most people in crypto think there's no way these platforms are legit giving chance to accumulate assets and build portfolio..
For me, it's never been about trying to build wealth. It's always been about trying to get out of the system by having and creating a new parallel economy. That has pretty much failed at this point. I have found a small subset of people that actually do want that in the Monero community, which is really what bitcoin should have been from the first place, a private peer-to-peer currency. The problem is that gamblers came in and took over the space and turned it into just another sector of Wall Street. So now I really wonder if it is going to fulfill its true purpose at all.
Governments keep kicking the can down the road hoping that it will just disappear after awhile!
I also think that beyond becoming wealthy, crypto can be a way to establish a base outside the traditional system that's built to enslave most of the population.