Everyone has got something that gets them going financially. What that is doesn't matter as long as it's genuine, legit, and legal. The fact that our survival depends majorly on finance raises the question of what do you do for a living? When such a question springs up, can one confidently hold their chest and say, "I'm a cryptocurrency investor"? Or does it not hold water to alter such a statement?
The "what do you do for a living" question is inevitable, so what is your answer when all you have currently is totally dependent on Crypto? This is quite a situation some of us have found ourselves in.
There have been testimonies from people about making a living through crypto. Of course, the crypto market is very unpredictable; it can blow off one's mind and put them into financial stability as well as wreck them. Both Situations are a change, Although, we all desire the change in a positive direction.
Dependency on Crypto for Survival
Correct me if you think otherwise, but one can consider the crypto market a gambling-dependent system and, as such, too risky to be used as a major source of survival.
This year's market chart has not helped but worsened the whole idea of crypto as a major income source. Personally, being out of a job for some time, I thought falling back to crypto would help, but I have felt little or no impact in that regard. In fact, it feels like a gamble having to rely on crypto for survival.
The streets are not smiling, and the Crypto market tops the list of the non-smiling street. Using Crypto as a short-term goal has proven to be ineffective and I would totally advise against it.
My limited crypto experience has taught me that relying on crypto for day-to-day survival is tantamount to gambling with one's life. This only leads to the conclusion that crypto is nothing more than a side hustle that must be maintained in that position at all times.
Of course, most people understand this truth, but most times we find ourselves in a situation where we feel helpless and, as such, ready to rely on the smallest thing available. It's nothing but a survival instinct, but our survival is not assured if we rely on an unpredictable system.
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Very nice post, but I will rather say it's an investment into the future rather than a side hustle.
We will be glad to be a part of the early adopters.
The way you view it is actually great. I think of it that way too.
Whatever legitimate work that one can do to survive is 100% accepted. Whether crypto or not. But one thing with crypto is that the value is not consistent.
This year seem to be the worst. Can't wait for wave of dip to pass
I do agree with you. The crypto market is rather too unpredictable to rely on for survival. I'm pretty sure a lot of crypto investors have had it rough this year.
Dear @martinlazizi, sorry to jump in a bit off topic but may I ask you to support the HiveSQL proposal?
It lost its funding recently and your help would be much appreciated to keep the HiveSQL service free for the Hive community.
You can do it on Peakd, Ecency,
Thank you for your support!
Done
Thank you for your support @martinlazizi, really appreciate it! 👍
Well when you think about it, there are professional gamblers who rely on their earning from betting
True, but it doesn't make it any less risky