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1  Economy / Gambling discussion / Re: UEFA Europa League 2023/24 Season on: June 13, 2024, 11:34:45 PM
-snip-
Bayern Leverkusen should not even try to do that because they will lose relevancy without those key players by next season. A lot is expected from them after a brilliant season from them in the just concluded season. They need all of their key players and even more in order to be at their best next season also. Xabi Alonso staying back with them should help convince this players that have trained under him for up to a season and bringing out the best in them. He shouldn’t gamble it and allow them to go thinking that he’ll get a good replacement for them. If he continues with this current Bayern Leverkusen squad, I feel he’ll excel better in the next season than he did in the first season with them.

A lot of people have high hopes in them and they believe with Xabi Alonso staying with them for the next season, they won’t be less of their performance as they did in the first season but rather improved in all aspect as they prepare to participate in the champions league which is the most competitive of all competitions they will be playing in next season. Their undefeated run has given them an upper hand and they should utilize it very well as teams will be more sceptical playing with them from next season.
Leverkusen will certainly have great difficulty repeating the same achievements as before. Competition in the Bundesliga is expected to increase after Bayern Munich and Dortmund start the new season, as well as other matches in Europe. Leverkusen will play in the Champions League, but they will probably be thrown into the Europa League if they fail in the group stages. They will never be the same even if Xavi Alonso will try his best, but still have a good chance.

I never think Leverkusen can match their unbeaten record next season, but everyone can expect logical things about them next season. Xabi Alonso has a big responsibility to maintain his team's performance, this is the most difficult challenge I imagine for him next season.

That's true. The competition will be even tougher next season. It's still possible for leverkusen to defend its trophy. Leverkusen may still able to own bundesliga next season. Leverkusen won't be playing in the europa league next season but, it doesn't rule out the possibility for leverkusen to drop from UCL to the europa league.
I meant that if the fact that if UCL is far tougher compared to the europa league. Xabi must be able to at very least bring his club to be on the quarter final. I will not be optimistic about leverkusen in UCL.
So many great clubs are playing in UCL. King of madrid is also coming back again to win UCL for 16 times in a row.
2  Economy / Trading Discussion / Re: Persevering Through Crypto Trading Losses on: June 13, 2024, 09:51:07 AM
quitting trades because loss caused by shady character really sounds like that person trading a lot of shit coin and got really bad result, I thought a crypto trader with years of experience would know before hand that they should do risk management only allocating really small money to speculative trading that carries high risk.
I'm pretty sure doing that would spare you of losing money because of shady characters that you described above.
moreover, if you're drained of capitals due to that loss, what you can do anyway, you just start from the very beginning with low capital and make your way up, its gonna be tough, but you need to think whether its worth holding onto trading, judge the profit you generated each year to determine whether its worth or not.

personally with trading, the worst day I got is when sudden market dumps occur, then I got heavy loss and just move on, since I do risk management usually even though loss is heavy, i still have capitals left to start again.
its just how you approach how you trade, going all in to an investment is just never really worth it when you have big capital in your hands.
3  Economy / Speculation / Re: Is June a Downturn for the Crypto Market? on: June 13, 2024, 09:31:46 AM
No one know, in the previous month, many people keep saying to dump their coins since they believe in Sell in May and go away theory, they also see a pattern that in May for every 3 years, the market is red (2015, 2018, 2021). But, this year the market prove it wrong, the market closed in green, so the past history didn't repeat.

Even market in June are mostly in green, it doesn't mean this month will green too.



yeah people belief too much on some random sayings and the previous year chart shows that may or june is the month of downtrend doesn't mean it will happen when overall market greet index is at high and also we are at bullish. so that is anecdotal at best.
currently there's downturn because we've reached $73k not too long ago it does make sense for market to go down a little but there are many speculators out there saying that if bitcoin somehow cross $72k it will means another big rally coming for us which you shouldn't never take it as a financial advice but quite optimistic speculation coming from people probably gonna be self fulfilling prophecy.

so far market is well, there might be another wave of correction ahead, definitely best chance for people that have been waiting to invest, bad for people that invested in peak, but regardless still a healthy market.
even if somehow this month around goes full on corrections after correction doesn't mean we are at bearish as long as bitcoin still stays on the trajectory of going $100k.

remember we're probably still too early to call it peak of this bullrun, one thing that I really trust about past chart data is that the overall bitcoin growth over decades has been consistently linear.
4  Economy / Economics / Re: could the FDI in any country be affected by cryptocurrency not being accepted? on: June 13, 2024, 09:17:39 AM
I think its just usually regional stability and Legal certainty but it also depends on what kind of foreign investment we are talking about, personally I don't think there's any correlation with the fact that a country choose to deny the use of bitcoin as a legal tender, not to mention the factors already mentioned by bloomberg report which is complex exchange rate policy.

it reminds me of countries in Asia where their FDI index has been growing substantially lately the country itself needs to be proactive to offer the best term for the potential foreign investors otherwise the investors would just look else where there are many countries in the world and the landscape are consistently shifting from one to another, the only country that truly trying to make it attractive for foreign investment gonna be the one that get all the investment.

good thing that from that article above there seems to be effort in improving the overall situation to eliminate all the regulation that hinders foreign investment.
5  Economy / Trading Discussion / Re: What happened to the crypto market? on: June 12, 2024, 09:32:36 AM
its probably correction or it could be many things,you see just compare current bitcoin price or market capital of entire cryptocurrencies to previous month you will know that we are still up few percent. really there's no need to look too much into some market correction or sudden dump sometime it could happen without anything triggering it but I suppose current price dump was because ETF outflow which break the inflow streaks that probably caused people to be afraid but nothing of significance if you look from long term view.

US Spot Bitcoin ETFs Ended Record 19-Day Inflow Streak Following $65M Outflow

its normal because a week ago price literally pumping and the market is all green, nothing lasts forever right so this is one of the correction needed to be healthy.

just remember that the current correction is a good opportunities for people investing in crypto, the price already discounted 20%, if market recover you already in profit and if it reaches ATH you get really good profit.
6  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Airdrops speculations thread on: June 12, 2024, 08:41:04 AM

Yelp, the worst airdrop there is from the looks of what transpired. Zksync shows they have zero interest in community and don't care what becomes of their already dry blockchian and ecosystem in the coming weeks.
An airdrop that favors industrial farmers over real users. At this point, i really lost interest in testing or engaging in any l2 onchain mainnet activities.
They are always happy to take money from both whales and ordinary users but when it comes to rewarding everyone they will bring such awful criteria that will cut out most users especially the low income farmers.
They don't deserve the ZK ticker and the End Game Slogan.
its crazy how they kept yapping about community being the first yet incentivizes airdrop farmer with multiple wallet that have money to provide LP even though those exact sybils are being listed as sybil cluster in layerzero initial list but they seemed to just don't care at all.

probably never crossed their mind that the exact people that could hit 100% of criteria eligibility with the same big multiplier which requires capital is also the exact people that does the same thing with hundreds of their wallets out there and right now literally racking the tokens by the millions.

the problem I think lies with the fact that they just decided to exclude people that earns less than 450 zk meaning the discrepancy between top earner and low earner is intentional and this means intentional centralization of token holder which goes quite the opposite with their idea of decentralization.

well I guess thats it with L2 retroactive airdrop, i'm feeling we're at the end of airdrop trend cycle.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: ZkSync airdrop is out on: June 12, 2024, 07:40:56 AM
unfortunately i'm not even eligible after spending few years doing the retroactive despite meeting some criteria, I guess some people rage are justifiable knowing that they just got casted aside despite fulfilling the criteria and finding out whether we meets the requirement is piece of cake but the team just decided to drop only very few wallet out of the millions which in result give big rewards to the qualifying people but majority don't even get a peanut.

pretty chaotic airdrop if you ask me, i heard that the biggest multipliers lies in the liquidity providing to various dapps but I did exactly that and got 0, well no point to regret it but to move on anyway, just hope that the L0 and scroll airdrop gonna be better than this.
this making me thinks that maybe the point based airdrops are far more fair compared to these random criteria for elgibility, since we know since first day that the airdrop will be based on point instead of some random eligibility criteria where the devs could take advantage of it, like basically avoiding a way for the team behind project reserving a way to mess with the criteria around.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: Someone should make utility meme coins using solana it's good profit on: June 12, 2024, 07:24:10 AM
trust me adding utility won't change a damn with how solana meme coin in general works, the value entirely depends on the hypes and hypes alone, most of the new meme coins that reached market cap of at least $50 millions are getting there not because it can be used to pay for holiday or something like that.
its because people just like to pump it out of the blue just for fun thats it, entire meme coin industry in solana is actually just some form of an entertainment where you bet on meme coin and predict whether they gonna grow and multiply your money.

its not a rocket science to figure that utility added to meme coin will just at best become gimmick, did you know that there has been quite many meme coin being released with utility in one package but people just don't give a damn about the utility but instead they just relying on hypes to make the price fluctuates a lot.
it is at the end of the day, just pump and dump game after all, the investor don't care about the coin, the whales don't even bats an eye about the feature meme coin presented what matter is just volatility rate.

honestly at this point, if a meme coin despite having meme logo and name, if it is added that much utility, will it still falls under category of shit coin or will it just become yet another altcoin?
9  Economy / Speculation / Re: Bitcoin price is going to touch all time highs on: June 11, 2024, 05:37:22 AM
Agreed, it is definitely possible to earn well if you hold bitcoin. Bitcoin price has just touched $70k and if we wait long enough it won't take long to go to $100k. After that the price decreased slightly and the transaction was going through ups and downs. The price of bitcoin has started to rise again.
If you pay attention to the Bitcoin price graph in the last month, of course the price achievement of $70K is a figure that has started to be seen frequently in Bitcoin this year, which can still be said to be very good for Bitcoin holders who still want to keep their own Bitcoin until now. But to expect a price of $100K on Bitcoin also still requires time that is not as soon as possible for Bitcoin because the price distance which is almost half of the current price is a process that is not possible for Bitcoin to happen soon.
its crazy how $69k previous month is an amazingly good price point for bitcoin everyone celebrates it but right now people are sentimental and also afraid we might turn bearish, if we really turning into bearish the price will be dumping literally from ath to bottom within just few days.
but right now we're still on the right track, $100k as you said need time before it could be achieved, we're waiting for approval of ETFs, there has been many milestone achieved and there's more to come its matter of time.
even right now talking outside bitcoin, Ethereum ETF is racking money there is many projected speculation that ETH ETF could reach $4billion which is great meaning people are attracted to crypto.

just wait until the end of the year around Q4 its gonna be where we have that big bullrun, for now what we can do is just making an entry.
last month $61k already considered too expensive right now literally price floating around $68-71k I think next month its gonna be around $78k which if truly happened gonna be great.
10  Alternate cryptocurrencies / Speculation (Altcoins) / Re: $BOME Time to buy? on: June 11, 2024, 05:15:19 AM


The price of BOME Coin that rose in the past is very close to recovering this year. You notice yes it is pumping dumping any altcoin with bitcoin market updown. So it is always best to check the Bitcoin market before buying any coin.

bitcoin dump causes the market mood to be worse is undeniable here, not expecting any rise anytime soon except if bitcoin has gone past $70k again, but i'm on my watch to see some coins that are dumping some of them are not only limited to meme coin like  ENA, W, meanwhile the meme coin like BOME, even WIF is having a really bad day.
the recent trendy crypto GME even dumping so hard it literally lost half of its value I guess, but its good opportunity for people that are fortunate enough to have money to invest.

good thing I was selling earlier before bitcoin even has that sudden flash dump, can't really rest when the market is in turbulence and the price is in full swing, lets see whether the price gonna dump again and if not i'm just gonna make another entry but for the long term holder out there this current price seem to be reasonable enough to hold for long term.

one thing needed to know is that meme coin sometime just rise out of the blue and currently people are still very bullish with meme coin.



$PEPE also seems interesting right now.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: A way to be safe from Rug pull on: June 11, 2024, 04:57:07 AM
If they help to expose scammers of crypto in anyway that will be helpful but I beg to differ they can predict with 100% accuracy of all the rug pulls because it's a scam that started legit and run away with investors money once they made enough so unless you have been a part of the project and known the intention from the very beginning it's impossible to predict the rug pulls from legitimate cause literally they're same.
I guess its just combination of analyzing the smart contract codes to find some code that not up to the standard of protocol and also figuring out where all the coin went, fair meme coin usually put everything as LP, even if there's leftover coin it went straight to the burning address not to the devs wallet, we could pretty much know that a developer is not honest when they are transferring some ERC20 token meme coin in to their wallet instead of putting all allocation either to the LP or to the burning address.
that way its easy to distinguish potential rugpulls.


usually though there has been many warnings from automated security audits in some site like dexscreener that allow us to know firsthand the risk involved with the smart contract but sometime people just don't give a damn until they lost their money for real.
if anyone don't wanna get rugpulled just stick with the coin that has made it to exchange or something seriously at least these probably already got reviewed.
12  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: June 10, 2024, 04:24:36 PM
Today we have heard the news that the meeting between Sir Jim Ratcliffe and Thomas Tuchel has ended and there is no agreement for Thomas Tuchel to become the new coach of Manchester United. It seems that Thomas Tuchel still doesn't want to be burdened with such a big responsibility after his failure with Bayern Munich this season.
Tuchel has ruled out the possibility to be a new coach for manchester united. Anything about him and united has ended. The new name appears to be pochettino.

Just imagine if he accepted another big responsibility managing the Red Devils squad, I think as a coach he would be very depressed. The problems at Manchester United are more complex than at Bayern Munich so the risks will also be very large. On the other hand, Thomas Tuchel's decision to take a short break at the turn of this season was right because he needed to freshen his mind before accepting offers from other teams.
you can't compare bayern's problem to the united. These teams have their own problems. Bayern munich's problem is also very complex. United and bayern have almost the same problems. it's all about their coaches.


I think Manchester United will still be confused about the choice between keeping Erik Ten Hag or looking for another new coach before the new season starts.
The final decision regarding ten hag's future has not yet announced by MU. It may happen this week as per the latest announcement from various media.
13  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: June 10, 2024, 02:04:46 PM
With a difficult financial situation, I think Flick will have a hard time. A few weeks ago I read that Flick could not be officially registered as a coach Barcelona in La Liga. If this continues they don't have a good chance of player transfers, unless they get a new flow of funds. Due to the main contender, Real Madrid is currently in great team form due to quite good player transfers. Because of this, I think Barcelona will get heavy pressure from other teams who will still improve with the transfer market.
What's worse, Barcelona is threatened with not being able to register 9 of their 25 players because, again, it is related to the financial crisis. And based on reports circulating, Barcelona must prepare €130m at least by the end of this month if they want this problem to be resolved. Yes, even before starting his strategy, Flick has to be faced with various very complicated problems at Barcelona, ​​especially regarding his own limitations, of course, in getting players for a stronger team. Meanwhile, the club itself still has various crises like this, but the problem is, Barcelona also demands extraordinary results. This would be very difficult for any coach with conditions like this.


Source: Barcelona  financial crisis continues

Barcelona's condition is quite difficult after la liga has announced barcelona will unable to register the new players. Laporta remains adamant in his refusal to sell their valuable players and i see him abandon his sense just to keep his favorite players rather than fuckin care with club's financial. I believe Barcelona can only hope for Nike. I have heard that Barcelona has agreed to renew its contract with Nike. it's been reported that nike may able to give barcelona additional money which is around 100m - 150m. The valuation is sufficient to meet the amounts required by La Liga to allow Barcelona to register new players again.
Barcelona has two options at the moment.

1. Selling players.
2. Complete the contract renewal with Nika as soon as possible.

Barcelona has traded its future revenue to obtain immediate cash. The club will be unable to sustain itself indefinitely. Barcelona's operational expenses require the full support of investors.
14  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: June 10, 2024, 01:57:25 PM
Finally V. Osimhen has made up his mind on leaving Napoli and with how things are I think both the play and the club have a mutual understand that he's leaving. Between Arsenal and Chelsea where he'd likely end up I think the Napoli striker should go to the North London side because they're the ones who are lacking that number 9 in their squad since the other players (Gabriel Jesus and Nketiah) have not done their job as the number 9 for the club.
Chelsea on the other hand already have players who can fill in the space only thing is they need to make all department work for the team and not by getting more players when they can't manage the ones that are their, so is best for the big man Osimhen joins the Gunners.

Finally, osimhen uses his sense to leave from napoli in order to step up his career. I never ever thought that if osimhen would be keen in joining arsenal. I would rather than pick chelsea as favorite club that will leads a transfer to get him from napoli BUT, wait a little bit.

It's really contradicted with another news that has already released before said that the blues has dropped off the interest to recruit osimhen from napoli.

It's all caused by a very high price tag by napoli. So, which news is true then?

If your mentioned news is true then i will favor chelsea to get his signature instead of arsenal. It's dumb if he joins in arsenal.
15  Economy / Trading Discussion / Re: The best crypto day trading platform on: June 10, 2024, 06:42:07 AM
can't really answer this question since there's not enough information that defines your criteria of the best crypto day trading platform.
generally if you seek liquidity go to centralized exchange, disadvantage is that its custodial wallet also have chance of collapse, see history of ftx.
if you want security to your wealth use decentralized exchange such as uniswap, disadvantages are higher slippage percentage, not much liquidity and fee usually ridiculous when the blockchain full of transactions.
there are also dex that have perpetual trading that allows leverage as well you just need to explore ecosystem since every blockchain usually have different ecosystem.

because the fact that liquidity scattered around many of exchange regardless whether dex or cex this means whats best for an individual is not best for the other, only you can determine it yourself.
16  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Any airdrop hunters here need some leads on: June 10, 2024, 06:14:38 AM
In my opinion, everything we don't know yet, we have to need instructions to find it, the same goes for airdrops, before participating in it we have to look for and follow the instructions, so that later we get maximum results, and also don't waste our time later.
except there are many airdrop that doesn't even have instructions, the criteria always revealed later on.
the airdrop has changed from back then where we just need to submit our address to form or some kind and then we will get airdropped directly from the devs through multisender right now its all about finishing tasks
most of the airdrop that gives many reward though, always burning money to increase the TVL of the project, so there's money to risk, but the reward is higher.

After years of disappointment in airdrops of tokens that end up not being traded anywhere like Ethplode and Stabila, I missed on the Arbitrum airdrop, now I am looking for potential real good airdrops. It doesn't have to be in the thousands, a few real dollars are fine for the effort.
I hear zkSync and Venom can be big, I tried SUI but was unlucky to be late and they didn't really giveaway to that many people.
Please let's help each other with real good advice.
I will give you some general suggestion while filtering the airdrops see the previous history of project owners either they have done some project or they are new into the market. Secondly do see the road map of the project and calculate what they are going to solve and change in crypto world.

Then you should keep and eye on the fundamentals of the project. See them closely and then calculate whether the project is able to fulfill the promised roadmap or not. Try these suggestions it will save you from losses.
yeah history matter in this case, also seed funding from the big boys, if it can gather millions of dollar, there's big chance it will be a success, but don't get too optimistic yet, because there are hundred thousands people doing the same exact thing.
zksync is great, right now nearing its eligibility revelation, pretty sure its 13th june based on the rumour even then all the information about the TGE still being kept secret by the devs, also layerzero, probably already too late following these airdrops though.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Are Web3 P2E Becoming Playable? on: June 10, 2024, 05:47:20 AM
Its far from playable as far as I'm concerned.

these P2E games are usually feels so sluggish and unfinished, i have played some of the game myself, starting Big Time which is quite literally just a recycled game made by the dev if im not mistaken and integration of blockchain as it gimmicks and Nyan Heroes, all of them are sluggish and playing feels like a boredom, i mean if you look at preview clips they may be worth your time playing and earning at the same time but really its just boring lackluster of a game, almost as if they are mostly unfinished because reasons, you know the web 3 spaces right now are full of people trying to milk airdrop farmer as much as they can, these games deliberately just releasing an unfinished game because they want to get as much player as they can and also delay the TGE, because statistically speaking, the TGE is when they starting to lose their player slowly, the entire business was never the sustaining ones.

if it ain't coming from reputable AAA developer, be prepared because your gameplay going to feel like a chore.

even watching the sneak peek from the game you mentioned I can feel that the entire mechanic of the game just gonna feels like nyan heroes game and big time, https://www.youtube.com/watch?v=U65AQQdhH9M sluggish and boring. no offense though.
18  Economy / Trading Discussion / Re: FTX will repay everybody 118% back on: June 09, 2024, 07:35:31 AM
This is good. I don't know some people's situations right now. And I'm not sure if all of those people who lost their funds due to the FTX bankruptcy are still alive. But this is good, and if everyone could get their funds back with 18% interest, I think FTX will regain their trust.
damn you're talking as if the ftx collapse happened decades ago its funny, though actually I think its fair point some people might do some harmful things to themselves after knowing that their money gone the day ftx collapse, this should be a concern as well, probably if the money credited to their account again the family can reclaim ownership by proof so I think its no problem other than that they can always try contact ftx themselves i guess.
but overall with refund that used old rate its just not really a good thing people lost their capital gain, which is bad, but then again they previously lost their money with no clear info whatsoever so its an improvement on the other hand.
i don't know how the victims will react to this will they be happy or will they be concerned about something idk, it always sucks being the victim of these cases where things are just so unclear.


The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.

This refund will only be fair if they will refund the original crypto amount plus 18% interest instead of basing the user balance in fit by the time FTX close which Bitcoin is around 30K+ if I remember correctly.

This 18% interest is not really an interest if they will based on the fiat amount of the original balance since FTX probably converted all the crypto assets to fiat by the time they file bankruptcy.
yeah that should be fair, even just returning the previous balance and not in money is probably the fairest solution to all but it should also give a relief regardless that their money is there and its not going anywhere.
19  Economy / Trading Discussion / Re: Most Traders are Not Profitable on: June 09, 2024, 07:26:18 AM
Generally, not all traders can make a profit, but losses always follow them. without strong analysis and rest, a trader will experience large losses. Not only that, they must have strong fundamentals regarding the risks they face in order to make a profit from a coin that is traded, only a few are successful in making profits from large amounts, so many traders who give up because losses always come their way.
its just how it is only very few people out of the many are going to make profit, same with business, after all the decision is on your hand whether to invest in a great coin or a bad coin, though both of them doesn't necessarily guarantee profit, its all just speculation at the end of the day the one that got keen prediction about whats going on gonna be the winner at the end of the day, it reminds me of movie the big short, the people that got sharp intuition that something might happen or find some anomaly gonna be making most of the profit since they are the one that become the early birds.
people who shorted when there's crash definitely has some instinct telling them that the market might crash so they're profitable and I don't think such thing can be happening to most of people at best its only very few outlier therefore the statistic that most of trader isn't making money and its true otherwise where those rich trader money coming from.

but to be fair, giving up isn't always something bad sometime some people just not really that good at something and giving up while focusing on other thing may be good for them nobody knows right.
in my opinion the people that profits so much are those kind of people that got bloomberg terminal in their hand in other word, consuming the information and news earlier than anyone else so they got a good head start.
other than that are the firm believers of the investment in other word those people that holds long term, trader in the other hand is full of speculation you never know whats gonna happen but its a good way to make money fast.
20  Economy / Economics / Re: Things to avoid when you earn a lot or become rich on: June 09, 2024, 07:14:59 AM
Nothing worse then someone who suddenly becomes rich and has no real experience in how to stay rich for the entirety of their life.   Then you have peaked and are only in decline from that moment of acquiring the wealth.    The best choice with wealth is security, its the one point I'm returned to continually that is entirely relevant to economics as I believe it drives the whole of capitalism in a big money sense at least.

The security of money is paramount or you really aren't rich at all, if you cannot sleep safe and secure knowing you can eat next week next month and be safe then you arent rich at all you merely have cash today.  Hence its all about security of your long term wealth that matters;  a vital lesson to learn.
honestly if someone is so financially illiterate they are just few steps away from meeting some fund management if they are rich enough and then their wealth already guaranteed being managed by professionals and are.
but in some cases I agree with you though some people are just so financially illiterate they just never think about keeping their money from declining by overspend and what they think is just sports car, buying luxurious things and all, i personally even if i suddenly become rich but don't have any means of income that could at least guarantee my wealth safety i'd be anxious and will strive to make some come of income to compensate such as passive income by investing the money only then I can rest assured that the wealth gonna lasts for long and make sure the money gonna be working for me.

i've seen plenty of former celebrities and so on where they accumulate wealth so much the first time they get famous only to later on struggle financially, there are many cases of that and its not only limited to celebrities as a profession, any profession that doesn't guarantee income until the old age or at least until the age of retirement is always subject of financial struggle when they gets old since there's no means for them to earn and becoming self sufficient.

the fact that we need to reinvest thing to survive is essential for the low income people, for the rich with many wealth, its important to invest in order to keep wealth from declining, investing is always a necessity.
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