Actually to complete the current crypto cycle it should be less than 2 years and somewhere between 15 and 22 months. The goal especially with this cycle was to continue to build on top of what was created in the previous cycle making for an accumulation period of around 8 years.
8 years by all accounts of what has happened previously should be enough time to set you on your way of being financially independent in the first world society's because the third world would require far less. How much it will generate depends on various factors which some would hinge on your consistency and dedication plus the external factors you have no control over.
2 years ago when we saw the last all time high prices emerge the staked value of my portfolio was over $250K. Since then having seen that type of value being generated from nothing I have upped the anti and this time around the hope is that number will be north of $1 million. Still not quite enough for financial freedom, but most certainly a solid foundation to press on and achieve this within the next cycle.
The problem being and it is a good problem is that we have been so early on involved and crypto has yet to make an impact as a utility or service in real life use cases. The blockchain technology is going to change the world at some point in the near future with every walk of life being affected unknowingly.
Just think if prices can do a 10 X or even a 100 X without the adoption part having even of happened how much value is still to arrive? This is the reason we should all be growing our bags as fast as we can because we need to take advantage of the being early factor. Once the values eventually arrive with new money pouring in you have to think what you have will be enough to set you up for life and possibly generations to follow.
What I find even more incredible is the short period of time I have been in crypto could be the most profitable period of my life out earning all those years of working which is a lifetime. This is why this should be taken seriously and time is not something we can afford to waste. This is us running our very own money printer and this has to stay on 24/7.
If we look at every other disruptive technology that has happened in the past those that were involved early on were the ones who made the real wealth and crypto is no different. Not everyone will make it however as many will sell to early not understanding the value of what they have and what that number could become. We have seen that scenario play out last time when many sold their portfolio and used it to have a good time instead of reinvesting it creating a portfolio that would be deemed a small fortune today. I still have yet to spend $1 of my crypto portfolio and will not be tempted even though I still struggle to get my head around this all being real.
