They keep saying "have fun staying poor" but most posts I see on reddit people have like $500 in meme coins. And they expect to turn that into millions.
I also heard a statistic that the vast majority of bitcoin wallets are also fairly small under $10k while the majority is owned by a tiny percentage of mega rich whales.
This is largely correct. Bitcoin and other cryptos are ruthlessly manipulated by a few large players trying to squeeze the marks. All meme crypto is worthless, the value is extracted in the first week and after that everybody else takes the loss. $TRUMP anyone? How 'bout that MELANIA MEME?
She even called it a meme coin herself for crying out loud 😅
$TRUMP is to skirt bribery laws. Since Trump takes a fee for every transaction, people just buy and sell the currency to funnel cash to the top. The price is irrelevant since they use stable coins to extract the value. It is the perfect setup.
If you stop thinking about it as a "portfolio" and start to think about sad fucks gambling at a slot machine, it all suddenly makes a lot more sense!
Yeah, slot machines are gross with all of those old people slumped over drinking and chain smoking.
Instead I'm gonna sit here and vape my face off staring into a screen in the dark bed rotting between shifts at Micky D's, refreshing coinbase stats constantly while hoping that line goes up and my 100 worth of coins finally turns into... checks notes 112.83 dollars. Well, 112.83 USDT, not dollars. Ok, well, 87.53 dollars after fees when I try to sell it for fiat. Ah, shit, the price on DogeStylePoopCoin just crashed.
Anyway, that's way healthier and less unhinged than being addicted to slot machines.
stares up from hand screen for the first time for a whole second, vapes, goes back to staring at the screen and tapping
At least at the slot machines a waitress comes around every hour or so and offers you a "free" drink.
Pro tip, play a video poker machine built into a bar in the casino. The sort-of-free drinks come faster and are usually better.
It's cheaper to just buy the drink.
With current prices a decent poker player might actually save money on the drinks
No they won't.
"... sad fucks gambling at a slot machine which is probably crooked and not subject to any regulatory oversight ..."
ftfy
You're probably right but I don't want to lean to much into defending casino companies, wouldn't be surprised if a lot of those were run by the mob or whatever.
But hey, at least they don't pretend to be "investing" in "financial inclusion" or whateve the fuck crypto bros like to roleplay currently
Vegas was literally built by the mafia, but the mafia is organized crime, they didn't want to kill their own business, so it was in their best interest that the gaming tables were seen as "fair"
The bottom of the pyramid is made up of poor people.
Few understand
They are serious about winning the lotto, and they really mean it!
I haven't seen the size of their "portfolios," but given how insecure they seem to be about money and finance, I'm not at all surprised.
I play a game here where when someone makes any one of the variations of the "Have fun staying poor!" meme I check out their profile...
...and to be honest it's usually really depressing. Their post history will have often have (totally valid) complaints about their remarkably shitty gig economy job, or stuff like how to eat for a week for like $5, how to make extra money to make rent that month and all manner of post and indications that they live well below the official US poverty level.
And to be honest I feel for them. It's fucking desperate. It sucks. Our current economic system is not good, fair or pleasant. We're not anti-bitcoin because we're pro all of those fucked up things, but because bitcoin is just more of the same capitalist bullshit.
But most of that sympathy is erased when they double and triple down on the lashing out and vitriol about staying poor, like they're the crab that's going to escape the bucket by pulling everyone else down.
90-99% of the time their post histories are like this, and it's really fucking depressing when you actually look at the pathos and raw humanity and hunger going on with the desperation in people's lives.
Yeah because that’s who crypto appeals to. It’s like buying a lotto ticket and hoping that you hit the jackpot and escape the life you’re in. But, just like lotto tickets, most of the time for nearly everyone that participates, they never see that money again.
If you go to the subs that talk about economics or personal finance where the people there may have some kind of financial stability, none of them are discussing crypto.
it's like buying a lotto ticket BUT it also lets you feel smart for buying the lotto ticket because other people just dont get it.
THATs the real advantage over just gambling.
Few understand
It's not? What exactly would you like to change?
in the intreset of your liver I hope your game doesn't involve alcohol, you'd be needing mu,tiple transplants.
The desperation is palpable. Watching folks chase moonshots with lunch money while whales manipulate the whole ecosystem. It's the MLM of the digital age but with worse memes.
Ha yea I love how BTC people talk about ‘buying in at $90k” or “selling at $100k” when really they only had like three grand invested….
It is the right way to talk… but I think they like shouting these high numbers
It's not surprising that that is all we hear from. Anyone with significant holdings and significant brains is going to keep quiet to avoid five-dollar wrench attacks.
Most are poor assholes hoping for a moonshot to save them from minimum wage.
I think the cryptobros who say "have fun staying poor" are small in other areas too.
But consider, once the parabolic moonshot occurs that amount [individually] will be worth more than all the naysayer here's net worth combined! And since it is ordained by the blockchain itself that it will happen it is as good as having already occurred.
😂😂😂😂😂😂😂😂😂😂😂😂!!!!!
Yeah they probably lost it it all in 2022.
A lot of crypto and crypto-adjacent "investments" have gotten wrecked. BTC under performed in 2025. I know clowns who lost their ass on MSTR.
Few understand
Truth is that the marks their rhetoric is tailored for are those people that expect to never earn enough to live a comfortable life without winning the lottery. Those naturally wont be able to build a huge portfolio and investing it into a scam certainly wont help.
That’s how you know it’s a scam if you know nothing else about it. I don’t know of any legitimate investment vehicle that tells everyone else who does something different to have fun staying poor. You don’t want to invest in VTI? OK well good luck to you whatever.
Few understand
DCA $10 per paycheck
Thats how Darren Buffet become immensely wealthy
Lmfao
Stay humble and keep stacking sats
They are just poor right now. But In the future, we non coiners will be poor relative to the cryptobros immense wealth.
the majority of bitcoin is owned by individuals with between 1-20 bitcoin. theres only a handful, like less than 1,000 wallets that have over 1,000 bitcoin.
From my understanding that's because contrary to always saying to hodl most sold when bitcoin gone up a lot. Wallets used to have much more bitcoins in them back when a bitcoin sold for much less
They are wealthy compared to any of us. They are staying humble and stacking sats, and we have none. Few understand
To your point on the large number of small $value bitcoin wallets and that a "tiny percentage of mega rich whales" own most of the bitcoin:
I think you are misunderstanding what the difference is between a wallet and an address. Not hard to do since the cryptography is complex and the wording chosen by early btc developers vague. I'll try to explain it as simply as possible, but please know that my example leaves out MANY important factors that are beyond the scope of a Sunday night comment on a reddit post.
Your Bitcoin wallet is like one big locked treasure chest with a special key that only you have.
Inside the chest is a secret map that has lots of different X marks at different locations. Those "X marks the spots" are your Bitcoin addresses.
Assume it's your birthday and your friends want to give you presents. You can tell Jimmy to put your present at one X location, and tell Sarah a completely different X spot for hers. All the location, X marks, of your presents, no matter how big or small, still go onto that map you keep locked in the treasure chest.
You might get a bunch of small presents, a few large ones, or a combination of both. You could even tell all your friends to send your presents to the same location.
Enough with the treasure map example. The quantity of bitcoin at one address doesn't tell you anything about the how much their entire wallet is worth. Even if you did know how is in their wallet, that person might own multiple wallets. Multiple people might even have the keys to the same wallet.
Like I said at the beginning, cryptography is a complex topic, but it's worth taking the time to understand the basics. It's quite beautiful if you can once you can appreciate it.
"It might make sense just to get some in case it catches on."
I do know one guy that is super crypto and opportunistic with side jobs and hustles
He worked a pizza delivery job while owning a small business that did yard work or landscaping (he had employees)
I think btc was around 50k then? And I know that he had thousands in BTC and others.
But I don’t know if he has an exit plan. Or he’s just going to keep accumulating and maybe get black swanned.