3 of my friends got filthy rich from cryptocurrency and it's straining our friendship. need advice

Seems like if you got rich too that would solve your problem. Why don’t you do that?

Probably they are liars and crooks. Crypto will eventually get them when it returns to its intrinsic value

Herman Cain (haha yo super serial) wrote:

Probably they are liars and crooks. Crypto will eventually get them when it returns to its intrinsic value

More & more companies are buying & incorporating cryptos. Alchemy- a small crypto, is partnering w/ VISA, MC & being used on Amazon.

Life is a neural net full of infinite potential and pulses - the project infinitely on different variations and axioms of the net. The stock market is correlated with the physical net - and bitcoin is just another variation of pulses correlated with this.

At each limit the pulse rate increase and (relative) disorder increases. So of course bitcoin is going to take over - but there is the thing after bitcoin - another increased pulse rate/variation that will correlate with the meta verse.

Is anyone else smart enough to understand how physical phenoma spread out over Lorentzian space infinitely over (time) predicts Bitcoin and everything after.

Even computers - pulses that correlate with human brain (pulses) and crypto is just another (net) within the large net of pulses.

When we entered the quantum world we changed our visible reality. We should have never created lasers. They are not what you think. There is a reason the first lasers were named after Gods. The Gods are also algorithms (real things) spread out on a the net - they have a 1 v 1 translation into the physical world and meta verse.

Everything repeats and is more real than you can comprehend. The Gods are real - they can be represented as novel pulse rates that effect human consciousness - over time they do not die - they just get transformed. The Gods still rule. if you don't believe it try fighting with a hurricane. Poseidon lives.

They do not live in the "physical" world as we know it (they do) but where they will effect out pulse rates is through movies and media. If you looked at Marvel and Thor - Thor is more real than if he existed in the "physical form".

Humans. Good luck. Bitcoin is a language of the metaverse that is coming thru VR and Facebook...again not what you think these things are - all just pulse rates spread out over the Neural net - not what reality is - but the closest explation I can give in this primitive language you call English.

Soon you will work in the VR world by playing "video games" these games will be transposed 1v1 to physical jobs completed by computers in the 'real' world.

Bitcoin is just the message. Just the thing that conditions people to go into VR.

The moment human consciousness in within VR more than 'base' reality - that is when it is the new base.

How are you all so stupid to not realize this. Bitcoin will take over. Just as physical money took over trade. Just as language took over what came before.

There are only 2 things in the universe and the 'thing' between them - the thing is what humans would call randomness in a signal - but if you zoomed in - it is not randomness - but something else entirely - over time and infinite space - it created words, and society, and computers, and bitcoin by slowly introducing 'randomness' to the 2.

0,1,2,3,1

will twerk for tip$ wrote:

when I say rich, I do mean rich. Best guesses for the three friends are $5 million in profits, $30 million and close to $100 million, respectively. I know this because I've actually seen their brokerage accounts and have had discussions about their crypto holdings.

On the other hand, I am relatively poor (150k net worth and biking for Ubereats to make ends meet). I find myself growing distant from them, we have less in common, they probably feel the same about me. I can't afford to do the things they suddenly want to do.

I also feel a mixture of emotions, mostly sadness for myself for missing investment opportunities, some jealousy towards them, a little bit of anger.

I should talk to a therapist about this but I thought asking anonymous runners their thoughts would be a good first step.

Ask them to give you 5% each towards the cause of making their friend feel less sad. They will probably refuse and stop being your friends, problem solved. :)

But seriously, a lot of life is luck and all we can do is to try to make the best of how the chips fall for us. For your situation, these friends seem rich enough that you are better off maintaining good relations with them (like professional networking), so that if one day, you need someone to invest in say your business for which traditional bank loans etc. don’t help, these friends might be risk-friendly enough to loan you money. Of course, nobody takes risk without expectation of reward, so don’t expect them to give you any easier terms than a neutral arms-length investor.

One more tip: If you otherwise enjoy their company as friends and they do yours, but affordability of activities is coming in the way of hanging out together, just tell them as much and ask them if they can cover your hotel or yacht cruise or Michelin star restaurant expenses. A good friend who was on harder times than me once asked if she could stay (for free) in my hotel/airbnb for a trip with a whole bunch of other friends, and even though it felt a bit strange momentarily (not because of the room sharing itself coz we’ve been good platonic friends for a very long time), it didn’t actually cost me all that much to not split the expenses and I was happy she was around and didn’t think much more of it.

Point is all relationships are in some part transactional, so don’t feel inhibited to “use” your friends within reason; it’s what friends are for.

Nah, he's just jealous. It's human nature. Assuming they cash out at a good time, their lives are set. And his is not.

I know rich folk. Related to some. Some are good some are bad just like everyone else.

Some are actually casual runners. Had next% and alphaflies around time of release. They still struggle to break 40min in a 10k but they go on about 10-20 vacations a year even during a pandemic. Fly private if they want.

Put it this way. If you weren't talking to them much before they got rich then you're not talking to them much after. Just leave it be and worry about you.

I do like the compliments I get on my running from them. Makes me feel blue collared.

will twerk for tip$ wrote:

when I say rich, I do mean rich..

But are they really happy?

Also, I’d this in real money or in crypto? If it's the latter they might want to read the paper linked. The maths shows a clear vulnerability.

I’d trust it as far as I could throw it.

will twerk for tip$ wrote:

when I say rich, I do mean rich. Best guesses for the three friends are $5 million in profits, $30 million and close to $100 million, respectively. I know this because I've actually seen their brokerage accounts and have had discussions about their crypto holdings.

On the other hand, I am relatively poor (150k net worth and biking for Ubereats to make ends meet). I find myself growing distant from them, we have less in common, they probably feel the same about me. I can't afford to do the things they suddenly want to do.

I also feel a mixture of emotions, mostly sadness for myself for missing investment opportunities, some jealousy towards them, a little bit of anger.

I should talk to a therapist about this but I thought asking anonymous runners their thoughts would be a good first step.

I get it. I make 38k and my net worth is 125k (no loans thankfully), and many of my friends between ages 25-45 are making far far more. I am not jealous (they have worked their tails off) but more envious. I'm just being honest so I truly empathize with you!

I am wondering if grad school may be worth it. 38k and my company keeps dangling a promotion and isn't being open about growth/moving up in the company.

38k is 29k NET after taxes, thanks to Columbus having a high tax rate.

THIS.

I know I don't know much about finance (I am a recovering journalist; that career was a waste too financially speaking), so I just have put in dollar-cost averaged stocks into an index fund and let it ride.

I thought about crypto but it seems too risky.

cyanide wrote:

I know rich folk. Related to some. Some are good some are bad just like everyone else.

Some are actually casual runners. Had next% and alphaflies around time of release. They still struggle to break 40min in a 10k but they go on about 10-20 vacations a year even during a pandemic. Fly private if they want.

Put it this way. If you weren't talking to them much before they got rich then you're not talking to them much after. Just leave it be and worry about you.

I do like the compliments I get on my running from them. Makes me feel blue collared.

The key to improving your own life and to get wealthy is to network, network, and network some more. You might not be as rich as the bitcoin guy but you'll have a good, upper-class lifestyle in the midwest if you can even land a job paying 75k-100k. No, it's not the $15M in bitcoin that the friend had but I'd not sneeze at a comfy life forever (I'm 37) until 90 or so between 75k and even 80k!

For Christ sake, i only haven't dropped this on you because I pegged you for a troll pumping his crypto.

But let's pretend ypu aren't such a deplorable PO$ out to waste our time, money, and sympathy.

DIsbelief on>

Skrew that made up crap about your friends actually scoring on crypto. Even if they did, there's a dozen who lost even more, and if not, your friends will probaby lose it in the end.,., but, why don't you start working the stock market for your gains? YEs, it takes a little time, but it is way more of a sure bet in the long run.

Learn it and work it, and enjoy the ride.

In the end, you may outpace them. It's a viable option and much less risky.

And fwiw, I have done both cryptp and stocks. Crypto is trash. Very hard to time and unsafe as a long term investment.

Stocks are where it is at.

Killing it on your career is even better yet, but your mom already told you that.

Just buy $RSR if you wanna be like them. Paypal (peter tiel) investors. and coinbase is an investor too. currently ranked 150th and will have mainet later this fall. literally gunna b top 50 market cap in 2022.

Good for your friends for what they did. However, it’s something that is very difficult for many to do.

Since your net worth is $150K, let’s say, you invest $75K into one of the alt-coins. You do well and it triples and $75K is worth $225K which is great! But would you keep riding it out? Or would you sell it? Most would sell it. Then maybe diversify a little. It’s just so hard to let it ride to get the ridiculous return of 5000% that your friends may have gotten. Good for them, but it’s just so hard to do. You never know if it’s going to keep going up or come crashing down.

People always think when others make huge gains, it would’ve been so easy for you to do. But what makes you think in the heat of the moment, you gain 100-120% and feeling great, but then all of a sudden, there’s 10% drop. You’ll want to lock the gains so you sell it. But if you would’ve kept it, stock would’ve kept climbing up longer. But you would’ve need to hold it while it’s super volatile. On top of being volatile, you’d need to start with sizable position to make any type of significant gain so it would be super hard to do.

Just don’t beat yourself up about it. Few succeed, but many struggle.

It's somewhat normal, but not healthy to be bitter over their investment success. You should find a way to let that go and be happy with the relative wealth you do have. It can be hard to be friends at a level of regularly hanging out with people of drastically different income levels though. I have a few wealthier friends who always want to go to super expensive restaurants every time our group hangs out which puts the more poor friends in a tough position. They're not being considerate to you if they're always suggesting super expensive activities to do with you, but they might not realize they're doing it. You can always try suggesting less expensive alternatives and see if they'll agree to some of your ideas instead. Their response to that should be rather telling in terms of how good of friends they really are. If you find you're just growing apart and don't have as much in common any more, it's fine to let them fade more to more peripheral friends you loosely keep in contact with and see occassionally and then invest more of your time finding friends who are interested in doing stuff that you all enjoy and can all afford to do.

Ask one of your hotshot friends to buy you a time machine and beat their returns into the ground!!

Or just go to your local McDonalds or homeless shelter and try and meet more friends that you have more in common with.

Great post.

I struggle with this.

Social media makes it worse.

Rich friends and faster runners.

Goal is to get richer and get faster.

I don't believe you for a second. But just remember that money isn't everything. The happiest people are a bit above middle income. They have an adequate amount of money to live on and do some traveling. That's all you need.