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Topic: Crypto is a side hustle, not a life or death situation - page 2. (Read 422 times)

hero member
Activity: 2506
Merit: 782
Surely crypto is not a life or death situation. Nothing can be more imporant that living your life happily and single thing weather crypto or any thing shoulld not be given too much importance . Yes crypto is important part of our life but there are other things in life too.

Actually this one point out about making it as your main source of income and quit to your job which give you more passive income and actually the message is right since we really need to treat crypto as our side hustle where chances for us to earn good is there but we shouldn't think about leaving everything just to focus on it since first we don't know how this things end up if we can still see it floating around for many years and we will go in a big problem if our expectation in crypto will not meet so for future security better go with multiple option to earn and don't focus only on crypto for betterment of our future.
full member
Activity: 840
Merit: 126
Welcome back 🙏
Surely crypto is not a life or death situation. Nothing can be more imporant that living your life happily and single thing weather crypto or any thing shoulld not be given too much importance . Yes crypto is important part of our life but there are other things in life too.
legendary
Activity: 1246
Merit: 1071
Investing all your money into cryptocurrency when you do not have any other source of income can turn it into a life or death situation for you because it is then met with anxiety and pressure. Instead of calling it a "side hustle", i think it is best referred to as an investment option to assist your income. A side hustle sounds like a scheme that gives you little little change to help your life, i don't think that's an appropriate description for crypto.
hero member
Activity: 1932
Merit: 622
ROLLBIT > Crypto's Most Rewarding Casino
Stay healthy and keep learning.
I like this last sentence.
Health is very important both mental and physical health. It will lead us to do what should do and not to do something that we must not do.
If we are sick both mentally or physically, we cannot do anything better, it will be worse.
We are working to stay healthy, and healthy means that we are living better.

And about crypto, this is one of the life activities, not the whole.
Points 1-3 are the very important activities to do even we are doing most activities in the crypto world.
Eating well, sleeping enough, and also other health activities must be also still balanced in order to make us also healthy both mentally and physically.
However, point 4, I do agree, but for some people, they focus all on the crypto world, moreover the daily trader. They commonly will only focus on the crypto job, quitting format their main job because they need more times to monitor the market.
And of course, it is better if done by those people who have been having much money from crypto, and most of them have also real world business to run without them, by autopilot, other people. So, they only need to focus on the crypto world.
But of course, back to point 1-3 again also.
legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
In some countries, crypto is not a side-hustle but a full-time job. 247. There, crypto is their only hope to escaping the rising rate of graduate unemployment. Crypto is their way of escaping generational poverty. Because they know this is only option they have, they go all in. I know a couple of young folks who have dropped out of college to go into crypto trading fulltime. The Caveat like you have said is to ensure that there is a balance so that it doesn’t start to take a toll on one’s mental and physical health.
It is good for people to trade crypto and earn but it is true not to make it the main job, the reason is because it can result to poor mindset and emotional trading especially if not making profit at specified time. If you have one side job which is you main job, trading will just be an alternative, I get what you are saying that some people depend on it, left with no other option due to increasing rate of unemployment in their country and you are right, but better if it is just an alternative for it, for it not to build poor mindset that can lead to money loss and depression.
member
Activity: 518
Merit: 45
This is correct to me because as an investor there should be a balance in everything, you don’t have to get too excessive with the market, and once you invest always look away from the chart for a while, have fun and build your immune and energy to phase the future. You don’t have to get worked up with anything. Cryptocurrency investment is a risk and invests only what you can afford to let go.
copper member
Activity: 66
Merit: 49
genius, billionaire, philantropist
I think all your points are valid.
Epecially:

Quote
Take a stroll and exercise: Some individuals are naturally introverted, so getting out might be difficult for them. However, this should not prevent you from exercising; sitting in one location for an extended period can make your job uninteresting and inefficient.

People tend to get caught in Bitcoin, trade everyday, all day. I've heard stories where this happens and people gain wait until it's too late!

Regards, excro  Wink
hero member
Activity: 952
Merit: 824
Livecasino.io
In some countries, crypto is not a side-hustle but a full-time job. 247. There, crypto is their only hope to escaping the rising rate of graduate unemployment. Crypto is their way of escaping generational poverty. Because they know this is only option they have, they go all in. I know a couple of young folks who have dropped out of college to go into crypto trading fulltime. The Caveat like you have said is to ensure that there is a balance so that it doesn’t start to take a toll on one’s mental and physical health.
legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
This will be totally for addicted traders or anyone that just like work and are addicted to the work which can lead to precious time sacrificing and devoting it to the work leading to stress and other inconveniences that can in long time lead to health issues. If someone is a trader, he must set time for trading, it should be time that will not affect his work and also not affect him in person, he must trade reasonably and learn how to trade very well to avoid such losses that can lead to depression and not to be able to eat. In anything like trading we are doing, we should be remembering that our health comes first.
member
Activity: 78
Merit: 24
It makes sense. Since joining the cryptocurrency, my sleep quality is very low, and I haven't felt the cool and clean air in the morning for a long time,
Every day I look at the computer, and my mood is not calm every day,Today I suddenly looked back and thought about it,
Health is extremely important, the good mood that has passed away is extremely important, it is extremely important to care about your parents and brothers, and it is extremely important to love yourself.
sr. member
Activity: 1022
Merit: 252
TonUp.io | 🔥Ultimate Launchpad on TON
Every hustles starts from somewhere, I have to starve for few months before I was able to raise enough money and start learning crypto trading, I don't want my case to be 'if you don't have capital you can't invest in crypto' instead I took the hard way possible and on the long run it favours me, my point is there is time for everything and OP points are valid, when things start getting better make sure you take good care of yourself, too much of everything is bad

Everyone has their choice, with limited money it's quite risky to join crypto investing because the market volatility is super fast and we could lose our investment anytime
The crypto senior investors are also said that we always that we can afford to lose when we invest in crypto. So i think getting money after suffering and jump into cryptourency investment is a gambling, it's okay if we are still alone and don't have family to be fed, but if we have responsibility to our family financial, it's better to earn more by working first before we investing in crypto.
member
Activity: 182
Merit: 14
Every hustles starts from somewhere, I have to starve for few months before I was able to raise enough money and start learning crypto trading, I don't want my case to be 'if you don't have capital you can't invest in crypto' instead I took the hard way possible and on the long run it favours me, my point is there is time for everything and OP points are valid, when things start getting better make sure you take good care of yourself, too much of everything is bad
sr. member
Activity: 2506
Merit: 368
Once a person felt the greed they will do anything just to gain more money in a short amount of time, hence it's more like an addiction that won't stop them from getting more. Being an ignorant and naive at the same time will not help you at all, you have to study first before you want to put your money especially in Bitcoin because of its volatility that's why it's too risky. Don't think it is easy to just put your money and invest where in fact you have to be knowledgeable enough to make some profit from your investment.
full member
Activity: 1204
Merit: 110

Don't quit your main work: so you invested some money and made a lot of money in a short amount of time and you chose to quit your job is a stupid decision. You might be lucky in a bull market and gain a lot of money, but the same can be lost in a bear market, leaving you with the option of holding with a loss because you need that job to survive the winter, and winters are always long. Make no steps that will cause you to second-guess yourself.


I strongly agree with this one. Many think that crypto is about becoming rich with no effort and this mind set has caused huge losses to newbies. Never ever quit your main job/business for things like crypto trading , equity trading, forex etc. Such investments must always be taken as secondary thing and never given preference on your main work. Crypto wild swings are in both directions and can rip u off from your hard earned money in days.
sr. member
Activity: 1414
Merit: 264
Excess is nothing better. So we should balance at all stages of life. Health is wealth. So we must be careful about this precious health.  Those associated with cryptocurrency have to spend a lot of time online. As a result, many of their daily tasks are not done on time. As a result, they gradually became ill. That's why you should spend some time every day with family and friends.
hero member
Activity: 2254
Merit: 658
Revolutionized copy gaming platform
There is no way to know your limit height in life if you never attempt, yet there is always a boundary to what an individual is capable of doing in any situation.
To enjoy your wealth, you must be physically and emotionally fit, not the other way around. Nobody enjoys his or her money unless they are in good health.
It is your primary responsibility as an investor to look after your health; investing in cryptocurrency should never put your life at risk; your investment should always prioritize your health because selling your properties, life savings, and everything into crypto is a foolish thing to do. What happens in a bear market, and then unanticipated health issues arise? How do you deal with this? It's sweet to invest in cryptocurrency because of the enormous return, but you can only enjoy that as a healthy investor; you can't enjoy your Lambo if you're sick.

I was reading through a thread on one particular board, but I couldn't find the link to the thread where the OP stated that no matter how hungry he was, he would not sell his bitcoin. Yes, he may be correct; that is the true power of diamond hands; however, this should not come at the expense of your health. I'm not saying you should sell all your bitcoin and eat healthy food, but I am advising you not to go hungry because it lowers your good health rate.

There are many unusual things we do that are harmful to our health; avoiding these will not only improve your health but will also help you maintain your physical and daily activities. These are the irregularities that we used to overlook in this space.

Not getting enough sleep: After staying all day, staring at your computer screen, trying to determine the next market movement, burning all of your energy chatting the trend with many lines and trying to explore the next thing that will double your portfolio, but failing to get some sleep after the daily routine, you are not only pushing your health to the wall, but you are also slowing down your immune system.
Getting adequate sleep sharpens your intellect, boosts your mood, and keeps you calm when making crucial decisions.

Not eating well: This is part is very crucial; food is an important part of life and having a delicious brunch and a balanced diet won't cost you much. You don't want to stay at your table all day sipping coffee; instead, have some nice, high-quality meals after work. You don't want to seem thin like a cancer patient.

Take a stroll and exercise: Some individuals are naturally introverted, so getting out might be difficult for them. However, this should not prevent you from exercising; sitting in one location for an extended period can make your job uninteresting and inefficient.

Don't quit your main work: so you invested some money and made a lot of money in a short amount of time and you chose to quit your job is a stupid decision. You might be lucky in a bull market and gain a lot of money, but the same can be lost in a bear market, leaving you with the option of holding with a loss because you need that job to survive the winter, and winters are always long. Make no steps that will cause you to second-guess yourself.

Stay healthy and keep learning.

Unless if you are working full-time for a crypto company that gives you weekly, bi-weekly or monthly wages, this one isn't a side hustle. But for the rest like crypto trading, investing into ICO/IDO/IEOs, airdrops and bounty hunting, create/buy/sell NFTs, play to earn blockchain NFT games, ambassador works, etc., they are side hustle as usual.

And yes I go outside for at least a few hours to relax my mind and body, not just spending all day and night sitting on my gaming chair and do crypto stuff (unless if we're under hard lockdown where we are prohibited from going out due to COVID-19 pandemic, I could just watch TV with my family).
newbie
Activity: 36
Merit: 0
Overdoing anything is not at all healthy. If you do not pay attention to your health at the right time, you would have to spend your hard earned money on your health. So it's better to be preventive in the first place. Balance is very important for a healthy lifestyle. Nothing should come at the cost of your health.
sr. member
Activity: 1582
Merit: 264
~

Don't quit your main work: so you invested some money and made a lot of money in a short amount of time and you chose to quit your job is a stupid decision. You might be lucky in a bull market and gain a lot of money, but the same can be lost in a bear market, leaving you with the option of holding with a loss because you need that job to survive the winter, and winters are always long. Make no steps that will cause you to second-guess yourself.

Stay healthy and keep learning.
I see a lot of posts back in 2017 that people are asking if quitting their main job for crypto is worth it. Some people's mindset around those days were really off, as they think that crypto would just help them sustain their monthly liabilities.
Think of this. Does having an unstable income really worth it?

I even recall back in the days that people think crypto or Bitcoin would eliminate unemployment. Most of those that I found were in Economics board.
member
Activity: 840
Merit: 23
What a strong point what's the essence of all the struggle and toil if you can't take care of your health. I agree with you at op that using all you have to invest in crypto currency is some how a decision for the unwise. Going through one of your points which is about what the investor would do during bear market and what if such falls terribly sick during this period how would they cope . Of a truth it's just a business and not a life treatening adventure
legendary
Activity: 2226
Merit: 4126
eXch.cx - Automatic crypto Swap Exchange.
Sometimes I wonder how they do it, I mean the day traders constantly staring at the computer screen every now and then or don't they know the side effects of doing so.

Already I'm beginning to see some negative effect as I spend hours on the forum mostly in Sunday starring at my computer screen,  reviewing posts of campaign participants which got me wondering how the day traders will be feeling couple with all the emotional trauma that can results from the market volatility.

Investing and having to stay hungry just to see your investment mature is a wrong approach to investing, what will be your profit if you die leaving your investment and don't forget this isn't the traditional investment that your next of kin can take possession of your investment that easily if you pass away. Already we're advise to only use our spare funds for investing and not urgent money that will be needed for our daily needs therefore having to stay hungry just to watch your investment grow is a wrong way of investing and shoudn't be practiced.
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