[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Aylo [@alpha_pls](/creator/twitter/alpha_pls) on x 130.2K followers Created: 2024-05-31 09:12:35 UTC I've been having quite a few conversations with a friend that has life changing money in crypto currently. He's been in this position before, but lost/rode it all down last cycle. Here are some thoughts from those conversations: I don't know how long this bull market lasts. I would guess we are at about 60-70% of the way through at this stage. However, I don't have a crystal ball, no one does, and I do believe you should remain humble in the fact that you can't predict the future. There are simply too many variables and unknowns. If you are an individual that finds yourself in a position where if you cashed out/rebalanced to less risky assets today that it would completely change your life, then you are now in a position where you can only lose going forward. Let me explain. Once you have enough money to take away all/most worries, then in general, more money makes very little difference to your happiness. If you are very materialistic then you might feel differently, but for most humans this is the case. More stuff is just more stuff. It doesn't really have a multiplying impact on purpose, well being and happiness. So, if you find yourself with life changing money at stake, then I would argue you can only lose by continuing to hold a large position in crypto. I don't really think you can "win more", as more gains will make very little difference to your overall wellbeing or happiness. Once you have secured the bag, then by all means come back and speculate to your heart's content, but securing some form of financial freedom is the biggest upgrade you can possibly make in life. It sets you up forever and puts you in a position to explore boundless opportunities in the future. Greed and arrogance is really the only thing that stops humans from taking the chips off the table, even when they have already won and beaten the market. There's also an ever present narrative that "this is the last chance to make it" and it will be impossible to have chances to make outsized money again. This irrational fear and logic also drives people to just keep holding even when they already have unrealized life changing gains. Most are simply unable to overcome this imagination of missed gains in the future, and it's why we see most crypto participants losing life changing money on a consistent basis. It's also not a popular thing on CT to tell people that "selling early" is ok & the right decision even if it is going to have an outsized impact on your life in the real world. I have an immense respect for anyone that sticks to their own plan and isn't swayed by external influence/noise, and is able to step away from the perceived gains that the majority says is a certainty in the near future. Just a little ramble, maybe it helps you in some way now or in the future.  XXXXXXX engagements  **Related Topics** [money](/topic/money) [life changing](/topic/life-changing) [Post Link](https://x.com/alpha_pls/status/1796469815130894751)
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Aylo @alpha_pls on x 130.2K followers
Created: 2024-05-31 09:12:35 UTC
I've been having quite a few conversations with a friend that has life changing money in crypto currently.
He's been in this position before, but lost/rode it all down last cycle.
Here are some thoughts from those conversations:
I don't know how long this bull market lasts. I would guess we are at about 60-70% of the way through at this stage.
However, I don't have a crystal ball, no one does, and I do believe you should remain humble in the fact that you can't predict the future. There are simply too many variables and unknowns.
If you are an individual that finds yourself in a position where if you cashed out/rebalanced to less risky assets today that it would completely change your life, then you are now in a position where you can only lose going forward.
Let me explain.
Once you have enough money to take away all/most worries, then in general, more money makes very little difference to your happiness.
If you are very materialistic then you might feel differently, but for most humans this is the case. More stuff is just more stuff. It doesn't really have a multiplying impact on purpose, well being and happiness.
So, if you find yourself with life changing money at stake, then I would argue you can only lose by continuing to hold a large position in crypto. I don't really think you can "win more", as more gains will make very little difference to your overall wellbeing or happiness.
Once you have secured the bag, then by all means come back and speculate to your heart's content, but securing some form of financial freedom is the biggest upgrade you can possibly make in life.
It sets you up forever and puts you in a position to explore boundless opportunities in the future.
Greed and arrogance is really the only thing that stops humans from taking the chips off the table, even when they have already won and beaten the market.
There's also an ever present narrative that "this is the last chance to make it" and it will be impossible to have chances to make outsized money again. This irrational fear and logic also drives people to just keep holding even when they already have unrealized life changing gains.
Most are simply unable to overcome this imagination of missed gains in the future, and it's why we see most crypto participants losing life changing money on a consistent basis.
It's also not a popular thing on CT to tell people that "selling early" is ok & the right decision even if it is going to have an outsized impact on your life in the real world.
I have an immense respect for anyone that sticks to their own plan and isn't swayed by external influence/noise, and is able to step away from the perceived gains that the majority says is a certainty in the near future.
Just a little ramble, maybe it helps you in some way now or in the future.
XXXXXXX engagements
Related Topics money life changing