CRYPTOCURRENCY
POST ALL YOUR LINKS, COMMENTS, AND QUESTIONS PERTAINING TO CRYPTOCURRENCY IN HERE (NON-BITCOIN).
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POST ALL YOUR LINKS, COMMENTS, AND QUESTIONS PERTAINING TO CRYPTOCURRENCY IN HERE (NON-BITCOIN).
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Going full crypto in a bull market is easy, but what happens in a bear market? There are cycles and we will see one and those that went full crypto might not be in a good position. And if they go all-in on shitcoins, that's much worse...
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That is the issue. People should always be prepared for all situations but most people only care about right now. I have no doubt there will be a lot of people complaining about losing money during the bear markets.
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That is where true success lies. Anyone can make money during the bull, can they stand the "losses" during the bear.
It is why the Keep Building idea is vital. Just keep doing what we do each day.
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Another way cryptocurrency is changing things.
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That is understandable, why would I continue to resell, if my crypto portfolio out performs my current reselling business. It just makes sense.
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It might be very risky if they don't reinvest into other businesses. This is because there's a time to bull and another time to bear. The bull time is very sweet and the bear times are very bitter. My advise is total diversification of income during bull time or else they'll be looking for the same jobs even they're broke. I maybe wrong or right in my analysis.
https://zycrypto.com/most-americans-quit-low-paying-jobs-after-gaining-crypto-wealth-new-survey/
Looking at the above point, the 4% was actually before the runup. Am suspecting about 10% increase by the end of December 31,2021. This movements from their jobs to the crypto world of freedom, creates an opportunity for immigrants to easily get jobs in the US. One man's food is another man's poison.
Thanks for sharing.
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This is what many people would have done with stocks, but the stock market is rigged to favor large participants. Despite what conventional wisdom holds mainly due to corporate media, stock markets are highly regulated.
So these people weren't able to take advantage of the stock market. Foreign exchange of currencies (ForEx) would have been easier and better for these people, but there are only so many foreign currencies in use.
Mining precious metals and precious gems is a proven way to stake one's claim to wealth, but it is extremely hard work. It's also a young man's line of work.
So they turned to cryptocurrency to create their wealth. They reached the point where they can make investing their "day job," so they quit the 9-to-5 they had. As a bonus, they acquired !@#$-you money, and that's priceless.
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Well if people can earn the same amount of money or more without working, they would probably pick it. At least in the low paying and labor intensive jobs, people might just prefer it.
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In one way, one of these altcoins isn't like the others:
(I wanted to put backlinks to altcoins in the title above, but the title would have been too crazy; so here are the backlinks: SHIB, ETH, CAKE, DOGE, SAFEMOON.)
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Crypto Miners Are Fleeing to Russia and Canada, but Chinese Authorities Might Lift the Mining Ban
https://www.investing.com/news/cryptocurrency-news/crypto-miners-are-fleeing-to-russia-and-canada-but-chinese-authorities-might-lift-the-mining-ban-2670480
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