Crypto Legends & OGs – A Different Mindset

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31 May 2024

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Choose Your Assets & Mindset Carefully
Being invested in Crypto is not necessarily a ticket to riches. It’s about choosing the appropriate assets. Furthermore, operating in financial markets is a relative experience. In other words, a good investment decision is only truly viable if the investment capital is significant enough. Securing a 1000% return on $100 is a minimal return regarding a dollar valuation. However, generate a 1000% return on $10K and it’s a different story.
This is why Crypto enthusiasts are often painted as individuals who will sleep on a mattress on the floor to be able to pump more capital into the market. Firstly, they have realized that this market will reward them. Secondly, they understand that by compounding as much as they can, they can eventually reach the point where the relativity ratio becomes favorable and ultimately, profitable. The average man on the street cannot think and behave this way.

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For many, much of their income is thrown to the wind. Why would I say that? Sadly, most people live to serve and please societal expectations. In other words, much of their income is spent in service to, and maintaining an appearance. Acquiring certain clothes, driving a certain car, living in a certain area… the list goes on. These individuals are slaves to a societal standard handed down and bestowed upon them. Their lives are spent in slavery to maintain this standard or perception if you will.
Then some are focused on results and their freedom. Their value hierarchy, or system is independently decided, and not forced upon them by societal expectations. Look at Elon Musk, for example, a minimalist by any standards. There is nothing to prove but he is driven by a desire to produce meaningful results. A recent statement by the Telegram CEO has also managed to shock the general public.
During an interview with Tucker Carlson, Telegram CEO, Pavel Durof, had the following to say:

I have had a few hundred million dollars in my bank account or in Bitcoin since 10 years ago, and I don’t do anything with it. I don’t own any real estate, jets or yachts. I don’t think this lifestyle is for me. I like to focus on what we are doing with Telegram.

This is a similar approach to that of Bitcoin whales and OGs. How often have you seen a whale alert of a Satoshi-era wallet moving coins for the first time in more than 10 years? In other words, these investors have been in significant profits for years but have been self-disciplined to HODL on and resist the urge to splash out. As a result, they can achieve higher goals and eventually, levels of liquidity and income generation.
It’s a different mindset few can acquire due to the self-discipline it demands. It’s a similar quality to meekness. Meekness is having the power and strength to squash or destroy someone but choosing not to. Having the power to spend and refusing to do so is almost unheard of in this age. It has always been a rare quality. However, now it is more of a wonder.
This is the way of truly diligent and effective individuals. However, look at many of these Crypto influencers. Sports cars, mansions, and epicurean lifestyles. There’s not much there, regarding character. Better is a man who controls his desires than he who conquers a city. The whales of today are the disciplined investors of yesterday. This is how they secure their dominance in the marketplace.

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Final Thoughts
Discipline, continued accumulation, and patience are the ways of the Crypto warrior. This is how significant weight and influence are achieved within the Crypto world. Focusing on results and raising the bar is how guys like Musk, Durof, and Crypto whales evolve and move higher. Choose your path carefully, as there are challenging times ahead. All the best, catch you next time!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.