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Has crypto made you less ambitious?
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stefpdt Offline
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Post: #51
RE: Has crypto made you less ambitious?
^^I completely agree. But at the end of the day, $50K is a LOT of stress and worry off your back, and allows you to re-invest in another start-up, real estate, or something that gives you more control. Crypto is just a nice stepping stone IMO.

I'm running a business and now a small crypto portfolio, and I'm shocked at the growth that some people are achieving through crypto alone.

Your physical reality is just a reflection of your thoughts.
01-16-2018 02:29 PM
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RedPillUK Online
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Post: #52
RE: Has crypto made you less ambitious?
I would rather have the 50k from Tron then 500$ and respect from anonymous RVF posters.

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01-16-2018 02:40 PM
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superschalk Offline
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Post: #53
RE: Has crypto made you less ambitious?
On a day like today where my portfolio decreased by about 25% I am happy that I still have a second business which is doing well enough to pay my monthly bills and gives me the opportunity to enjoy a great location independent lifestyle.

Crypto should be seen as something that could potentially make you wealthy if it works out but could also crash massively within a couple of days or weeks.

Everyone who is thinking about to leaving business ambitions aside and fully focus on crypto i can tell right away that spending two or three hours on crypto a day is more than enough. If the market is crashing it does not matter what coin you have you will lose. If the market moons all coins will moon just one a bit more than another.

So better work on your main business and see crypto as a lucrative side hustle.
01-16-2018 02:46 PM
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Ray Carlton Offline
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Post: #54
RE: Has crypto made you less ambitious?
(01-16-2018 11:38 AM)jamaicabound Wrote:  Honestly to me I have much more respect for someone who creates a side hustle and makes an extra $500 per month from actually doing something than someone who makes $50,000 off Tron

All cool, but does it matter?

I respect the hard worker. I really do.

But at the end of the day, I am happy taking the $50,000 off Tron.

And if I can't, I am the hard worker.

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(This post was last modified: 01-16-2018 04:50 PM by Ray Carlton.)
01-16-2018 04:50 PM
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Blancpain Offline
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Post: #55
RE: Has crypto made you less ambitious?
If you can create a Shopify/Amazon FBA business which nets you 500$ / a month from scratch, that is way more valuable than earning 50k off a shitcoin.

You can easily sell that business for 20-25k on EmpireFlippers. With that money you can use it to build a couple of more businesses and replicate that success.

You dont need skills to make money from shitcoin, just luck. Because you are not investing based on fundamentals, you are just investing in the hopes that the price will rise.
01-16-2018 05:02 PM
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SamuelBRoberts Offline
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Post: #56
RE: Has crypto made you less ambitious?
The bitter no coiners are out in force today.

Hey guys, if instead of buying coins you spend your time fucking supermodels and raiding ancient tombs for gold, you can make a lot more money and have a lot more fun. I won't tell you how to do this, just know that comparatively, you're wasting your time.

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01-16-2018 06:32 PM
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Thehustler Offline
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Post: #57
RE: Has crypto made you less ambitious?
(01-16-2018 05:02 PM)Blancpain Wrote:  If you can create a Shopify/Amazon FBA business which nets you 500$ / a month from scratch, that is way more valuable than earning 50k off a shitcoin.

You can easily sell that business for 20-25k on EmpireFlippers. With that money you can use it to build a couple of more businesses and replicate that success.

You dont need skills to make money from shitcoin, just luck. Because you are not investing based on fundamentals, you are just investing in the hopes that the price will rise.

yes sure a shopify store netting $500/month can be sold for $30-25K, sure buddy. Something tells me you haven't made a dime online and are just pulling stats out of your ass.
01-17-2018 02:38 AM
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Olav Offline
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Post: #58
RE: Has crypto made you less ambitious?
(01-17-2018 02:38 AM)Thehustler Wrote:  
(01-16-2018 05:02 PM)Blancpain Wrote:  If you can create a Shopify/Amazon FBA business which nets you 500$ / a month from scratch, that is way more valuable than earning 50k off a shitcoin.

You can easily sell that business for 20-25k on EmpireFlippers. With that money you can use it to build a couple of more businesses and replicate that success.

You dont need skills to make money from shitcoin, just luck. Because you are not investing based on fundamentals, you are just investing in the hopes that the price will rise.

yes sure a shopify store netting $500/month can be sold for $30-25K, sure buddy. Something tells me you haven't made a dime online and are just pulling stats out of your ass.

Not to take sides and I feel this thread is getting sidetracked, but a store netting 500/month means about $6k/year, its not unreasonable to think that can be sold for 4-5x yearly net profit.
01-17-2018 01:56 PM
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Jaydublin Online
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Post: #59
RE: Has crypto made you less ambitious?
^^ Online businesses, especially stores don't typically sell at multiples like that 1.5-3x would be more likely....unless this market has completely changed in the last 12 months anyway.
01-17-2018 02:22 PM
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jamaicabound Offline
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Post: #60
RE: Has crypto made you less ambitious?
(01-16-2018 04:50 PM)Ray Carlton Wrote:  
(01-16-2018 11:38 AM)jamaicabound Wrote:  Honestly to me I have much more respect for someone who creates a side hustle and makes an extra $500 per month from actually doing something than someone who makes $50,000 off Tron

All cool, but does it matter?

I respect the hard worker. I really do.

But at the end of the day, I am happy taking the $50,000 off Tron.

And if I can't, I am the hard worker.

My point is were in a fantastic period where people can make a shitload off crypto but these type of gains are not going to last forever so people better get off their asses and gain some skills, improve themselves, and not rely on the golden Bitcoin goose forever.

I also kind of laugh when people brag about crypto gains as if they had anything to do with making that money. It reminds me of the 2008 recovery. I got cocky with my stock trading abilities, I made a shitload of money but in reality at that time you could throw darts at stocks at the wall and make money
01-17-2018 04:37 PM
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zoom Offline
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Post: #61
RE: Has crypto made you less ambitious?
^^ I get your points but a lot of these people are treating crypto as a business, and trading/researching full-time.
01-17-2018 04:40 PM
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RichieP Online
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Post: #62
RE: Has crypto made you less ambitious?
(01-17-2018 02:22 PM)Jaydublin Wrote:  ^^ Online businesses, especially stores don't typically sell at multiples like that 1.5-3x would be more likely....unless this market has completely changed in the last 12 months anyway.


Exactly. And you have to show sustained history of revenue over time - at least a year, usually longer.

Doing that in ecommerce/dropshipping is not easy and takes work. You dont just set it up once and forget it. As soon as you're onto a winner competition pops up, your ads get less effective, CPC goes up, etc etc. You have to fight to sustain your traffic, margins and conversion rates.

"Just build and sell a business" ... as if that's simple. Riding the crypto wave (for now) may be more lucrative for some guys. As with all things I'm sure the big ROI/profits won't be widely accessible for very long though.
(This post was last modified: 01-19-2018 05:29 PM by RichieP.)
01-19-2018 05:25 PM
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SamuelBRoberts Offline
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Post: #63
RE: Has crypto made you less ambitious?
(01-17-2018 04:37 PM)jamaicabound Wrote:  I also kind of laugh when people brag about crypto gains as if they had anything to do with making that money. It reminds me of the 2008 recovery. I got cocky with my stock trading abilities, I made a shitload of money but in reality at that time you could throw darts at stocks at the wall and make money

How much of this have you done?
I've found Crypto trading very difficult, unless you want to simply buy hyped things and hold them.
There's a lot of frustration, disappointment, fear, etc.

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01-19-2018 06:56 PM
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