I’m not exactly sure how to explain this, but doing my regular job and getting paid hourly feels fucking weird after over a year with crypto.
One successful trade for example can be the same as working 3 days at my fiat mining job.
So sometimes 5 seconds of no effort tapping in a mobile app are worth the same as 24-30 hours of work.
Obviously I don’t trade every day and not every trade is successful, but even the thought that I can make this money like this kills the vibe for my regular job.
Not only during bull runs by the way, felt the same when ETH dropped to $1800 a while back.
I’m of course not planning to trade as my day job (got kids to feed and stuff), but going to work after being in crypto has become harder.
Anyway, is this a gambling addiction?
47 thoughts on “Crypto has ruined fiat mining for me”
From this day forth, I shall refer to work as “fiat mining.”
My dickhead boss has ruined fiat mining for me.
Mine fiat to obtain real money – crypto.
I can’t crypto mine so I fiat mine. That’s my main motivation.
1 day trading crypto can also be negative 5 days at the fiat mine too LoL
It’s all perspective.
I hate my job for 16 years but addicted to consistent pay and insurance/benefits
Although I cant comment on if you’re an addict or not, I feel the same sort of way about my job. Crypto made me realise how fucked up modern living is, I want absolutely no part of it haha! Banking, politics etc.. all fucked beyond repair. I just wana enjoy my life persuing my hobbies with my family and pack of tiny doges
You just gotta look at it as mining fiat, to buy more crypto!!
It doesn’t really matter *what* you get paid in, whether it be fiat, BTC, shitcoins, etc., so long as you are easily and regularly converting it to the asset of your choice. You could be mining a shitcoin project that you don’t like, but so long as every X days you convert it to an asset that you do like, it isn’t so bad.
Your real motivation issue is that you can make decent $$ off your cryptos while sitting on your ass and work is subsequently less appealing. However, if you expect further appreciation of your crypto investments, that fiat you are currently mining will be worth quite a lot more than it is now. For example, if you earn $1 from work and transfer it to ABC coin, and ABC does a 10x, you’ll be more incentivized when you look at it as earning $10 for the work you performed.
Look at it as mining crypto. If you make $1K per paycheck and BTC is worth $50K (not exactly as there are 52 weeks per year but w/e), you aren’t working for $1K, you’re working for .02 BTC. The question is, what is BTC worth to you? Will you manually mine it by “working”?
fiat mining the most nasty of all types of mining, you spend gas, food, cloth, shoes, time with people you don’t like and take crap from dummy people that some how have been mining for a while and they are your bosses. This “fiat mining” should be banned.
This sub is like antiwork with hopium
I mean there’s a ton of other things related to a job other than just money?
Benefits, experience, passion, stability, security, social aspects etc.
Sure if you’re making a ton in crypto it may outweigh that but there’s a lot of other things at play
Go to work make that money, come back home make more money until you’re stable financially… quit
You could set aside enough to clear this method, every hour that you work buy $x of crypto in real time.
My paychecks are future cryptocurrencies, be at stable coins shit coins meme coins alt coins or the fucking rest
Crypto showed me that I can improve my life if I play smart.
Plot twist, mine fiat with your crypto.
Now do it in a bear market.
I felt this the week i made twice my wage when ADA was booming, not much of that left now
What’s it called when fiat mining on government benefits ?
There had been many times over the last few years when I wake up and check my portfolio and call in sick because I’m up more than I would make in a month ☺
You’ve got 1 year in crypto, meaning you most likely currently have no gains.
“Oh but one successful trade = 3 days work” that’s a lottery ticket bro. You’re gambling.
Get back to work!
When I see people in a store pull out paper money I just be looking at it like
Through Crypto I learned how valuable your own time is. Not going to work 12h a day anymore just because something is in a rush…
I’ve done pretty decent real estate which is my long-term investing. I also mess with stocks after ten years of just screwing around and not really having a strategy.
Crypto is my lottery ticket, but I want to own about 5 more income properties until I get to a point where I want to quit. The only thing still holding me back is my health insurance. It’s BS in the US our health insurance is only affordable by having a traditional W-2 job, which is why we’ll never get public healthcare here. We are designed to be wage-slaves. Crypto is my ticket out of this cycle.
Fiat mining isn’t worth it anymore.
I’m quitting my job next month for this very reason lol. but i probably have more money than you tbh, plus i’m single so it’s an easier decision.
Sir this is a casino
And it looks like you’re falling into it
Keep mining that fiat and converting to crypto.
Do it for 4-5 years and a 5% pump is >1 year salary.
Even weirder feeling but you’re on the right path.
Dude get the fuck off the computer, seriously!!!
Feels like a casino ?
What the hell are you guys doing that you can make enough that equals 3 days at your jobs is my question.
Work to get fiat to buy more crypto.
Welcome, make money has not been about work from some time.
Still, have a permanent income Is a good idea.
I can relate with you OP. I gave upon it when I entered the crypto space. And no it’s not Gambling. Gambling is going all in on safemoon or apeccoin or whatever nonessential that is out there
Gets a 5% raise, but inflation is at 8%
Similar state.. I have worked in SaaS and have had a great career, but something feels missing ever since I got red pilled. I’m having a second conversation with a blockchain company this week, will be interesting to see how that develops. But it’s not an ‘if’ it’s a ‘when’ for me making this move.
When it comes to fiat mining proof of stake is the way!
everyone is always saying that the normal fiat market doesn’t make sense anymore but when you bought eth at $1800 it also means other people lost a lot of money who bought at $3000 plus.
So yes, when you make a plus, it is an easy way to make money, on the other hand there are 50% that better stayed with fiat as they have now less than before.
after crypto, everything else in life gets the volume turned down
No joke, this exact thing is going to be analyzed in the near future. I think we all feel the “pull” to crypto and are far more interested in it that we ever thought we would be. It’s a powerful dopamine rush that’s hard to ignore!
I know how you feel man. I guess, just keep your life money and play money separate and be mature about your trades. Also hodl BTC
OP – I think somewhere in the comnents u mentioned that u work for yourself. That’s the problem…no dick head boss micromanaging u & asking wth you’re doing all day. Its very easy to become obsessed with checking numbers. Some days, I check once, other times is 40 times. Add 2 or 3, 15 minute mtgs a day to your calendar & try to limit activity.
The thing people need to realise about the world of finances is that not everything you try is going to work and be effective. Yes, the potential for earnings in crypto is higher than a 9-5 job flipping burgers at McDonald’s, but potential is all it is until realised.
Maximise your revenue streams. We can’t just rely on crypto, never mind mining, trading and staking. I’m part of all three and a regular job, but I still need to get involved in Forex, stocks and shares. A house will ultimately be my physical investment that I’ll improve overtime and look to sell later on.
To achieve all this, you need to have a disposable income. The most important thing in regards to finances, for me. With minimal outgoings, you increase your ability to realise investment opportunities and grow money. We all know that money creates money. I’d be more impressed if you turn 1k into 10k than 100k into a million end of the day.
I dropped my meat space job when I just fell out of love with the whole corporate grind, working my butt off to make somebody else rich. Now I bot trade a little and work on a crypto startup project. Same kind of work but now I’ll be benefiting directly if I do a good job. So much more rewarding, if not quite so secure.
I just love it when it is called fiat mining.
If Bitcoin mining is so bad for the environment then how are we still endorsing fiat mining considering travelling with fossil fuels? Gas, oil, environment pollution, destruction of nature and forest to put down more locations for fiat mining?
Have I ascended?
Fiat mining sounds fucking depressing
Mine fiat to buy hardware to mine crypto. HODL everything you mine and use spare fiat to purchase actual coins. Feels like I am dead broke because literally all my money goes into savings/crypto/hardware to mine but one day my daily mining will surpass my daily income of fiat and on that day I will finally be free to live the life I want.