Topic: Crypto is a side hustle, not a life or death situation - page 3. (Read 464 times)

This is a good topic to make a thread on. Many people in the forum are so involved with their coins in trading and investments that they completely forget that they have a life to live.
Making money is good but not at the cost of your health. Health is the most important thing to consider in your life.
This is why we should always keep a limit for our work whether it be the day job or crypto.
Keeping a limit for work leaves us with enough time for building up mental health which in turn keeps or physical health better. Taking enough breaks will help us to be more productive the next day.

Not selling your coins is good for long term but not selling them when you are in need of money is bad.
Whats the use of these investments if you can't use them at the right time. We should be wise enough to sell some at the right time to use the money for ourself or use it to buy back more later.

Your points are very realistic. Many people consider crypto as their full time job and spend most of the day online. They do not eat on time, do not bathe, do not sleep.  This is causing huge damage to their health. Mentally they will become sick one day. So I think we must sleep and eat on time. Occasionally we should arrange a tour.

I like the part of your last suggestion. Dont quit work in any case you earned a lot already on trading. Take note that trading is risky. Yes the profit here isnt comparable to our daily job income but the consistency of our compensation on work is 100% unlike on trading that we can experienced heavy loss if unfortunate situation arises.

I find it hard to see some quit for crypto trading that later on regret on their decision when they encountered a grave loss. Now they cant easily go back to their job because of that.

It is completely in line with my current state. I seem to have a kind of encryption "addiction". If I haven't watched the market trend chart for a few minutes, I feel that I have missed a lot of things. Often at this time, my judgment has lost my rational judgment, although I knew it, but my hands didn't listen to instructions from my brain. My mental health and my body have issued an alarm at the same time. So I now decisively withdraw from altcoins, and I will not be confused by him. But I will continue to look for good mainstream currency projects, similar to Ethereum.

Getting into cryptocurrency is supposed to make life better not harder. Cryptocurrency is just a tool for a better life. So if one is to sacrifice everything for it including one's health and well-being, that's doing it wrong.

The simplest and very effective way to handle crypto is to HODL Bitcoin. That's not demanding. That does not require tiring days, sleepless nights, missed meals, and so on. That's simply buying Bitcoin and keeping it in a safe storage. That's all actually.

To those who trade, remember that the crypto market is open 24/7. That's not the stock market. So if you have to monitor the movements of the prices, you cannot do it all the time even if you are a full-time trader. You have to accept the fact that you will have to leave your screens to get some sleep, eat your meal, chat with your family, go for a weekend trip, spend a night at a bar, and so forth.

Actually what whenever you take serious will definitely take you serious, for those person's who took bitcoin as a job knows the benefit of cryptocurrency and more especially bitcoin, besides my one of my friend dropped out of from government work because bitcoin and more especially trading, and when i asked he, he respond to me that he prefer managing his coins than working with conditions, so it's a personal determination.

This thread?

I rather stay hungry than sell my Bitcoin

Those people that have full time job, they can treat crypto as their another source of income, whether they're a trader, a freelancer that receives payment in crypto or just the typical investor.

I would prefer to be the typical investor, the buy low and sell high folk that would check to see how much I've gain everyday. I just can't stop myself and I think everybody else is also doing that.

On top of that, it's important to take care ourselves, if it's too much for your health, your profits might go into your hospitalization if you're ignoring your health.

Of course, it depends on how one earns from cryptocurrencies. Some people just buy crypto like any other asset, hold it long term and then sell it later. This kind of investment is less stressful, and you get enough time to do your other jobs

While for day trading, it is whole new different level. One has to keep up with market movements and news. You can not do another job well while day trading at the same time. It will completely mess you up.

Getting loans or investing what you can not afford to lose is one of the biggest rookie mistake ever. It will leave you restless and not psychologically Ok in the long run.

If a person already has a job, they most likely shouldn't pick up crypto as their second full-time job, it would leave them too exhausted. Also, crypto doesn't need to be time consuming. All you need to do is learn the basics of Bitcoin and read some news from time to time. It's the people who daytrade or chase altcoins might find themselves in situation when they are spending too much of their time on crypto to the point when it starts getting detrimental to their health like OP describes.

Very good points indeed.

TBH since I got into Crypto and the positivity I get from it and the community it drives
me to be positive also and to be healthier so that I can enjoy my future.

As @TheNineClub points out for many Crypto (trading) is a full time job which does give
the impression of it being an unhealthy job being too sedentary.

Also a few more healthy tips for working at a computer:

Regularly stare at something in the distance to help refocus your eyes rather than
staring at a short distance screen.

Every 30 minutes stand up and walk away from the desk, grab a drink or a walk around
the office or room.

The ideal scenario is to have a sit/stand desk. Changing your work position helps with
better circulation and productivity especially when standing.

All valid points. but at this stage in crypto, with how it's widespread, some people have turned this into their full-time job so for some they treat it like a full-time job where you don't get off your chair, you don't eat well, work long hours and don't sleep. Not always but sometimes.

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.