Best Crypto Posts – Reddit

I see many people here answer with “financial freedom” when asked about their goal in crypto, which really doesn’t make sense unless they have a very successful career/ business or both of them combined.

For the average person, he/she will have to work hard to be able to buy a house considering the insane prices of property all over the world. Buying a house is usually a priority because you get rid of paying rent and have somewhere to live with your family.

Let’s say this person starts working at 25, and earns enough money to buy a house by 35. He will have his savings already drained by then and will have to start over, which means he needs to work like 12 more years to provide for his family while investing in crypto, assuming he gets it all right and doesn’t lose money gambling on alts, he might x5 his savings from ten years over three bullruns by investing in btc/eth and end up with supposedly enough money to retire early at 47, which isn’t really that young anyways.

I’m already assuming you need to work only 10 years to buy a house, which in some cases takes 20-30, so basically, y’all need to start looking for a side hustle along with crypto to be able to achieve financial freedom( maybe having a freelance career along with your official job , having a small business like a café/small clothing shop etc).

I know it is disappointing, but crypto on itself isn’t really going to cut it for most people.

Edit: the usual retirement age is 60 where I live, so it depends on the one in your country.