Why your cryptocurrency journey needs another source of income
The world has grown more than the way it uses to be to something extraordinary. Gone are those days where things are easily affordable, those days are gone past and I don't think that there is any moment or avenue that it will surely resurface. I personally thinks that we have lost it long ago. Irrespective of that, there is this popular saying that states that strict measures requires strict action or vice versa. Since things has changed so badly it is now left for us to deploy the possible strategies that will help to see us winning or keep relevant. It is with this that I came up with this topic.
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Just like the message that I am trying to convey or pass around, the rise of the cost of things has gone more than extraordinary. This implies that if we truly wants to be relevant or change our financial status we definitely needs to deploy an additional earning strategy alongside our work. By our work I means that irrespective of what you are doing to make ends meet it is advisable that you don't just relent on one strategy. Despite everything, as per having source of income you should learn to consider your health too. We have a lot of person who have lost their lives simply because of excessive stress which they keep engaging on. Most of those stress where traced to money or simply put needs. They simply wants to make sure that they are able to solve some basic needs, why trying to do all this, many ends up combining a lot of jobs altogether. By so doing they ends up creating more problems for their health. Don't get caught while trying to change your financial status, make sure that you consider your financial health deep along the line.
Deviating back to the message that I am trying to pass across, irrespective of the money that you are making from cryptocurrency market, you should endeavour to make sure that you have a secondary source of income. The number one reason why I am saying this is simply because when it comes to cryptocurrency there is nothing certain. You can invest and be very rich in some moments and the next minute you are very poor. This is how cryptocurrency is, there is nobody promising you riches here. Everything here is just like mirage, if you are not careful you can get bitten really hard and bad.
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For those who are into cryptocurrency they will easily understand the message that I am trying to pass. We all knows that cryptocurrency is made of bull and bear season, with that being known it is possible that once there is bull season, bear can surely surface. Such life style is something that needs a lot of brain work if eventually you wants to survive in the cryptocurrency space. This is the major reason reason why you need to have another source of income amidst your cryptocurrency progress. This will aid you to be able to do well in your cryptocurrency journey.
With the above we can now see that having another source of income along side our cryptocurrency hussle is something that we should practice irrespective of anything. Doing that majorly will help us to be able to keep hold of some certain tokens or project that we believe in, instead of selling it cheaply.
Tfame3865
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There is a decentralized finance project currently running. If you want to make good reward from your stake or Liquidity mining you should take a look at this project called Woxdefi . For more information about woxdefi you can check the different links below.
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Purchase Wox through this link
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Hello @tfame3865!
The world of cryptocurrencies as you comment is very uncertain, there are good days and not so good so you can not be sure of what can happen, so it is very good advice that all people who enter this world know it and do not rely solely on this source of income but analyze other options. Thanks for sharing!
An important issue friend, the cryptocurrency market is very volatile, and just as one day can bring us good income, at another time this can change, so having another source of income is advisable, and as things stand today, it is best to have several sources of income.
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Hello friend, certainly when we talk about financial we must think much further, having several sources of income is necessary today and more if you work with cryptocurrencies, we can see it very closely with the current market. Thanks for your interesting post.
Hello @tfame3865
Very good point you make, the reality is that everything is very uncertain when we talk about cryptocurrencies, nothing is assured.
And it's true, you can have a lot of money in a moment and then that practically disappear or become almost nothing in a matter of minutes. Undoubtedly, we must have strategies to avoid falling into serious financial problems when bearish periods come.
We must always be prepared.
That's what I've been thinking about for a while...the massive drop in cryptocurrency proves once again that it can't be the only source of income for us. Also, we need a non-crypto job to support our position when the market goes down like now
Solid read. Thanks for the post @tfame3865
Hi @tfame3865.
It is a reality that cryptocurrencies are somewhat unstable, with this situation of market volatility, we must be attentive and have many strategies, safeguarding part of our resources in stable currencies, so the big changes will not affect us, I know people who live only on the blockchain, but they are always cautious.