Skip to main content

Quit your job because of crypto profits



 People like those whose $ 8,000 investment in the Shiba Inu meme token exploded to around $ 5 billion within a year are unlikely to be too many. The number of people who have at least become richer than before with cryptocurrencies is likely to be greater. According to a recent study, four percent of Americans of working age are said to have quit their job because of the crypto profits in the past few months.

Profits and losses with cryptocurrencies

The special thing about the highly volatile crypto sector: Even relatively small amounts made at the right time can bring big profits. In the case of Bitcoin, for example, an investment of 40 dollars in 2010 would have been enough to become ten times as much a millionaire - based on the current price. The downside: some altcoins have still not reached their 2017 highs - losses are inevitable. Many are also likely to have been annoyed that they had sold their crypto holdings too early.

But back to the study : In this study, Civicscience in the USA asked whether you had quit your job at some point in the course of this year because you had gained financial freedom through profits from investments in cryptocurrencies. Four percent of those questioned answered yes to this question. Another seven percent say they would know someone who did this. The numbers relate to almost 7,000 responses that were made at the end of October by Americans who were older than 18 years.

However seriously you take the study, the well-known self-made billionaire Mark Cuban, who compared the crypto market with the dot-com bubble in February, elicited at least a “wow” from the results. After all, it could be up to six million Americans. Unsurprisingly, but at the same time interesting, the proportion of those who quit their job for crypto profits is particularly high among the low-wage earners. This is also pointed out by Cuban. Almost two-thirds had an income of no more than 50,000 dollars in their job.

When asked whether investing in cryptocurrencies makes you wealthier than you were a year or two ago, around half of the high earners answered: “yes” (annual income of more than 150,000 dollars). In the other earnings groups, the proportion of those who are now wealthier is significantly lower. However, only twelve percent said they expect to become wealthier than their parents because of their crypto gains.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
StealthEx - The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free!  
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more