Sami Loyal: Becoming a Crypto Millionaire, The Former Fat Kid Mentality, and Alive Time Vs. Dead Time

Today on Auxoro, I speak with Sami Loyal (@sami_loyal), a bitcoin trader whose Twitter bio reads I dropped out of high school and became a millionaire. From a young age, Sami started to cultivate an interest in entrepreneurship and took ownership of his own outcome.

Sami and I connected over Twitter, which is a great and underestimated tool to meet like-minded people, had a fascinating conversation spanning finance, fitness, and the ego. Sami now runs his own platform called Forflies Academy, “the best bet for building a long and profitable trading career in the crypto space.”

In this episode, Sami shares why salary is the enemy of self-achievement, how he got into the cryptocurrency space, trading mistakes that he would like to help others avoid, how nutrition and fitness became a part of his life, and more.

Here are a few highlights from the conversation:

“A stable salary is the enemy of self-achievement” (8:42)

“When you’ve got a situation that breeds complacency, you don’t really feel pushed out of your comfort zone. When you don’t have a stable salary, you’re going to have good months and you’re going to have bad months. The bad months force you to think, they force you to innovate, and they force you to get better.” (2:00)

The modern-day educational system and the importance of self-education (5:30)

Getting into trading cryptocurrencies and starting with a ten-dollar course (9:21)

“If you approach trading cryptocurrency as a tool, a means to an end, you can get really good at it. That also means that you can leave when you’ve made the money you’ve wanted. That’s the best approach to take, using cryptocurrency as a tool because you don’t want to stay in this game for too long.” (11:30)

The immediate aftermath of getting into the crypto game (12:30)

“I’ll never forget, I bought Etherium somewhere around 200, 300 dollars thinking that it would rise really high and I was correct. It went up to 400 dollars and then it crashed right down back below my entry within a week...talk about being at a nice profit, being at a loss then and panic selling. Name any mistake in crypto trading and I made it ten times in the beginning.” (13:00)

“I was straight up gambling. It went like that the first year I was trading cryptocurrency.” (15:15)

“The biggest positive difference in my trading proficiency came when I told myself, those losses, I’m not going to recover them. Let me take this with a calculated approach now. Instead of using 60% of my trading cash in a single trade, or even 100%, which I did do sometimes, I would instead use 5%.” (18:30)

“Trading crypto is like doing cocaine, and trading crypto on leverage is like doing crack-cocaine.” (19:00)

“A very common mistake is when people prioritize trading over their own health, and even their family and friends. It’s easy to get into that trap.” (20:30)

The law of attraction and battling ego - 23:15

“As my net worth started to rise in the six-figure spectrum, I noticed everyone around me was staying at the same net worth. I wanted different things, different experiences than the people around me could afford. That leads to alienation really quick. You can’t relate to anyone else, no one else can relate to you. You don’t have anyone to enjoy yourself with unless you go to people much older than you.” (24:45)

“One of the common problems with rich, young people is that they go crazy because they have no one to relate to. They have their thoughts when they’re alone. If those thoughts are fundamentally incorrect, they become very dangerous and destructive in the long run.” (25:30)

The impact of age difference and technological exposure in the 21st century (28:00)

Learning his Dad’s business from age 7 (31:00)

Being fat as a kid and starting the fitness journey (32:38)

“I had a terribly low amount of confidence. I couldn’t look a girl in the eye or defend myself in conversation until last year. As a man, if you haven’t overcome physical adversity or real adversity that other people struggle with, you can’t respect yourself. That’s what got me into fitness and losing all this fat.” (34:00)

“I wanted to go to the gym for a very long time, but I was scared of people judging me and laughing at me.” (38:15)

“The biggest motivator in time management is thinking about how much pain wasting time has caused me in the past.” (41:00)

The “devil you” compared to your current self (43:00)

Alive Time Vs. Dead Time (47:00)

Buying His Mom Her Dream Car (48:30)

Living in a cage: The Victim Mentality (55:50)

“I don’t have 100% faith in cryptocurrency. I genuinely do think that it’s blown out of proportion.” (58:45)

Should you invest in bitcoin long term? (59:30)

Forflies Academy - the skill of trading crypto (1:03:00)

Learning stick shift (1:05:00)

Some things mentioned in the conversation:

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