I can only say this because I have a normie job and a crypto job, both which allow me to cover all my needs and some wants - only a few because I'm in a long term resolution of reducing the wants to the bare minimum - and also DCA a little bit into my favorite coins and tokens every month.
In order to be able to not sell, and be able to buy into crypto the first thing we need is a steady source of income. I didn't have a job for a few years where I was making a living from content creation, investments and yield but every now and then I had to sell crypto to make ends meet and dude, it sucks. Every time I had to sell I hated myself for taking money from old Eric's bag.
I decided to fix that and I got off my ass, used the skills I've stacked over the past decade and then got a couple of jobs in companies I love, I believe in, and align with my worldview and values.
It was only then that I was able to come up with a statement that eventually became a mindset, and it is now a lifestyle.
I am simply not selling
That's how this mindset came to be, but it's fueled by a much more complicated worldview, which is what I want to share with you on this post, which is basically a recap on my take on crypto over the past 3 months.
The use cases of crypto are slowly but surely growing, old Tech is moving towards obsolescence and those companies who adopt blockchain will win the 2020's, the people are not ready for crypto but crypto is ready for the public especially if we consider how much money and time are crypto companies putting into educating the audience and going from ideology to practice.
Crypto came to disrupt the current status quo and it is completely changing how things work to a point where we even have a Crypto continent and that's just the beginning, because overall FinTech companies are also adopting Crypto and finding ways to implement blockchain technology on their day to day activities.
Security in crypto is not what it used to be, nowadays we have enough resources out there so that anyone who wants to learn about blockchain, tech and the crypto world can do so and be prepared to invest and move from Fiat to Crypto, which allows a lot of people to just go all-in on crypto, and some of them are even actively searching for jobs in crypto because the industry is now so big and strong that it has become a job market on its own.
Bitcoin and other major currencies have use cases that are similar to traditional finance but with a different approach and actively fighting the system and the current status quo - remember that the best way to fight the system is to adopt the counter culture, which is crypto - and the trend in consumerism tells us that crypto adoption is basically the only way to fight inflation and achieve financial freedom.
Crypto as a hedge against the system and as a means to an end
The end goal is making it, right?
Who cares what making it is, it may have a different meaning for everyone reading this, and that's ok. The key take on this is that in order to achieve your goals, adopting crypto - and holding it long term - is the best strategy to have enough leverage, resources and tools to make it, whatever that means to you.
Do you understand this? I do, which is why I am simply not selling.
Oh Yeah, that's me, and behind me you can see everyone who sells when they don't need the money and are just shorting crypto
Posted Using LeoFinance Beta
Shorting is not the same as selling. As always there are no guarantees, but if you are in a particular project that is going to do something that will most certainly trigger a short-term selloff. It is only to your detriment not to take a short position and then reinvest back into the project. This way you flush out weak hands and provide better support for the future of the project you believe in.
Of course, to each their own, this is just my point of view.
Yeah I agree, I meant it more as a mindset. Shorting in the end is selling to maybe rebuy cheaper, but in the end is selling. I also swing trade every now and then but my main mindset is not selling and just looking at the long term gains and value. Thanks for commenting man!
Sure, I get it. I just had to defend my little sheep self on that image, haha.
Hahahaha I can get behind that :P
Spot on!
Posted Using LeoFinance Beta
Same here I've been hodling since 2017! Diamond hands!
Those are some serious diamond hands man, LFG!
Having that full time job really is a game changer. I know not everyone is lucky enough to have that. It allows me to treat crypto as more of a hobby versus something I have to rely on. That keeps it fun and exciting for me. Of course hobby is a pretty loose term, but it is the closest I can think of describing it. "Passion" might be a good word too.
Posted Using LeoFinance Beta
It definitely allows you to look at crypto with a different perspective and mindset. I only fully grasped the full value of cryptocurrency investment once I stopped looking at it as income revenue or profit source instead of grocery money. I like the term hobby, a highly profitable hobby if you take it seriously.
Yeah, I think I would have burned out if I were trying to use this as a way to get by. Especially in the US. The cost of living is just so high everywhere.
Yes friend, it is easier not to sell when you have other means of sustaining your wants and need, but when this is the only available option, there may be any other way out.
Exactly, and if someone needs to sell we gotta respect that, and I do, I am just not selling for as long as I can. Some times there's no other option and that's ok, but in the long term, selling for a few bucks today might look like a mistake when you could've sold for a few hundreds in a few years. I was like that and I sold crypto at the very lows and man, I regret it with all my power.
I wish people would understand that some of us really need to sell to survive, we are not even happy about it sometimes because we wish we could still leave it there, but some people wouldn't even support you if you are selling.
I completely resonate with the mindset of "not selling," however I am currently in the phase that you described at the start of the post. But what I do is I swing trade exclusively hive, because I seem to understand this token much better than any other tokens and make sure to buy back my trading capital of hive and I sell the usdt profit to make meets end in the real world. So ina way I am also not really "selling" my crypto, but I am making full use of the crypto market movements to help me pay the bills.
Understanding how things work is a great approach, most people go into certain things without having a clue of what they are doing. Of course the market will do what it pleases it, and sometimes no matter how much we know about a specific topic, it will catch us off-guard, so we also must have a plan B for when that happens!
Yep, having a plan B is a must. Because the market is irrational and more often than not the market doesn’t follow the logic that it should.
The rewards earned on this comment will go directly to the people( @simplifylife ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Yay! 🤗
Your content has been boosted with Ecency Points, by @sagarkothari88.
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
Thank you for the curation @sagarkothari88!
I think that's the most sensible mindset to have at this point of the journey of crypto, building assets and letting it mature instead of stunting its growth by selling too early. I'm keen on seeing more use cases for crypto/blockchain that build out revenue streams. This decade will be big for crypto!
I am holding until 2030 at least, and I see these 7 years as my retirement savings and hopefully by 2030 I can work for pleasure and not because of necessity!
It's a really good plan. The market would've matured by that time giving early adopters a substantial amount of wealth 'to play with'. According to Ark Invest, one bitcoin is predicted to be worth more than 1 million dollars by 2030. Imagine that!
I have also in the past sold crypto because I needed to at the time and as much as it didn't feel great, I figured I'd have to recoup it in the future and just keep stacking.
The "powers that be" really don't like the idea of what crypto could actually mean when adoption catches on. They don't like the idea of losing absolute control, in fact they don't like it when anyone gains even a tiny bit of it, so I forsee a long hard fight coming. I'm still waiting with bated breath for the XRP lawsuits (there are two) hearings to come to an end as I think it will pave the way for either mass adoption or mass exodus, either way the SEC have kind of painted themselves into a corner so I'm going to be bringing out the popcorn and champaign when that is finally resolved.
Lol, I like the fact that there are sheep in the picture 🤣
The worst part is that when you need to sell crypto is usually when it's at its lowest and that's happened to me more than a few times haha
This year will be a wild ride, I hope I don't find myself in the need of selling, but anything can happen!
Glad you liked the picture lol, I was wondering if people would find it offensive and tried to cancel me :P
But what if by shorting they are making more money to get more crypto?
Kudos to them then, I meant shorting as a mindset, not a short term action. You know how the saying goes, "Short Fiat, Long Bitcoin".
Ok I accept that.
Interpreted your post wrong.
Always better to have income from more than one source. I'm fascinated with crypto but I haven't quit my regular job yet.
Posted Using LeoFinance Beta
One of the best decisions I've made so far is to strive to find a normal job to be able to invest in crypto instead of taking away my profits :D
Sooo me! Still don’t have a job. So I’m still “sucking” still hating myself
Posted Using LeoFinance Beta
Dude, get yourself a gig that pays the bills, it sucks having to sell!