I've been telling this to people for quite some time on FaceBook ....
However, since Steemit is a blockchain based platform, it's only fair that I also make a short post about it here.
You see,
There are these money making "trends" that come onto the market .... 2 years ago everyone was into revshare & HYIP programs... You see, they are even called "programs", indicating that there is an END to them :P
It was rather obvious here where the money was coming from .. new members feeding pockets of the old ones...
That trend seems nearly over, and that's partially because of the "CRYPTO-TRADING"...
An ENTIRE HORDE of people, those who are ALWAYS only interested in "QUICK BUCK", have found another "GOLD MINE", at least so they have thought...
But then, the MARKET has thought them ANOTHER LESSON ....
Just like with any market, the are MANY, MANY factors, retail investors just have NO CHANCE to reckon with.
Red days come after a series of GREEN days .. and that's EXACTLY what we are seeing NOW!
Because this market had gone up so much, we will be seeing an extended downwards trend for a few more weeks to come, especially since there is a huge amount of uncertainty as to what will happen to Bitcoin....
What is the solution then?
Don't just HOPE that the MARKET will make you money, and you can just sit on your butt and wait for the barrels of gold to fill up your room!
The MARKET will ALWAYS RETURN to you the amount proportionate to the VALUE, that YOU provide to the MARKET.
You can keep on DENYING this rule or you can finally accept it and start contributing.
Start your own business or join something proven, that has worked already and make this your REGULAR source of INCOME.
Treat the crypto markets like the "cherry on top" or your RETIREMENT POT (in the next 5-10 years).
That's how I am SEEING things...
Interested to hear your thoughts,
ArthurZee
Follow Me Here @ARTHURZEE (250+ “STEEMIANS” Strong) 👑
I too use cryptos as a side hobby that compliments my primary job. I put what money I can into Cryptos each payperiod in hopes of it growing years down the road. One of my key strategies to achieve this is to live BELOW your means!
yes, that's exactly it. With the right strategy, I could honestly see that over the next 3-5 years, some of the major coins could create a retirement level of income.
Thanks for the info..
I am following you, plz follow me as well...
awesome, thanks!