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RE: Vlog #26: Could I live of the Steem blockchain?

in #life8 years ago

Great read! It is totally possible to live of crypto (a friend of mine is doing this right now), especially in these times. Though I took some steem out to invest in other coins, I don't regret taking it out! I started with $2000 of Bitcoin just a few months ago (when bitcoin was around the $1000 dollar mark) and thanks to trading altcoins I turned the $2000 into more than $16 000. So sure I think you can live of crypto and should you hold on to everything 'cause it might go up... if everybody thinks like that and keeps holding on to all coins there is no market or economy... for bitcoin and other altcoins to be successful you need an economy and you need to use them. Though I have other income streams, I like to pay for some things with my xapo visa card which directly takes money from my bitcoin account! So yes I think you can definitely do it and start to live off crypto! Good luck in everything you do!

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I guess there are many ways to live of a blockchain. I do think there is a small difference between living off your investments (trading) and living off the Steemblockchain with blogging or in essence earning an income creating content. I have a wirex card that I use.

True that! But for people who are just new or don't have as many followers it can be hard to just live of steem alone and trading can be a great tool to add some to it and make sure you survive the month! The blockchain can provide in many ways ;)