Living off crypto has been quite the experience for me because it has turned me into a different kind of being. Virtually every moment was a learning experience and in the process, I saw myself maturing into an entrepreneur.
In the process, I learned life lessons that have helped me through the years and one of them is the ability to find balance in the midst of turmoil.
I've often struggled with balancing out taking profit and reinvesting profit I earn from my ventures.
The balance
I think the easiest part is picking when to take profit. Due to the nature of my investments, I could take profit at literally any time and I won't be too bothered because, well, the capital is staked.
However, the profit varies based on the market and the only way to ensure you take maximum profit is by increasing the size of your investment. So, this means I have to find ways that I can take profit but upgrade my investment in the process.
Interacting with various platforms on Hive has actually taught me how to take profit and increase my investment without hurting the other. Well, I'm only human, so it will definitely not be a perfect arrangement, but the moral of the story is that it actually evens out in the long run.
Profit and Spending
The magic of earning and investing in equal measure lives on Hive. All you need is a decent strategy that enables you maximise your potential.
During my time on Hive, I've learned the importance of strategy and it's something that has kept me going through the years. I've learned that employing the right strategy is something that could bail you out of trouble when you least expect it.
Thanks to the strategy, I've evolved a mechanism that enables me to grow my portfolio and take profit in the process. This invariably leads to a situation that facilitates my entire life because it literally ticks all the boxes.
The "strategy" that I've organically embodied enables me to increase the size of my investment and still improve my life with profit. It is a concept that I've so embodied that I don't even know how to teach it because it'll be like teaching someone how to shit or breathe.
Know yourself
At the end of the day, one thing I can say for sure is that you should ensure you know yourself and master your situation. Always know what's most important to you and find a way to balance it out.
So whether it means setting targets, making concessions, or just plain blowing it all, you just have to know what is most important to you. Your targets, goals, and aspirations should always center around the vision of yourself that resides in your mind.
When you constantly ponder upon this vision, your investment strategy will gravitate towards it. It's just human nature and at the end of the day, you'll be a winner because you focused on the most important things in your life.
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Great one!
I can't say I'm living off crypto yet but I've been able to get by with it including my other allowances from my parents.
But I plan to live that way soon in life, where my crypto work for me and I continue working for it.
I'm glad to knwo you've achieved a lot from the crypto verse and more are coming I can see.
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Urgh this topic! It's something I struggle with big time. Even though I still have about a year left in my 5 year plan, it's been very tempting to take profits now.
I don't live off crypto right now, but that is my goal. I can't wait for the day. Of course, Splinterlands has made me think this can happen sooner rather than later LOL
Great stuff man, appreciate this post cause it makes me consider when I should really start looking into it.
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Living off crypto is exciting and fruatrating in equal measure. One minute you're plotting lambo money and the next minute, you're grateful you could pull out scraps to buy food lol.
Either way, I've relished the experience and I've created strategies that enable me earn more
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Living off Crypto is something l never imagined but it's currently my reality. I'm still pretty new in this but l devote time to learn and l've seen myself grow over time.
Talking of the best time to take, l must say that it's not exactly an easy thing especially for someone like myself that currently has Crypto as my only means of survival.
I have strategies that works for me and l hope to get better.
Your publication is very good friend, I think that with investment, perseverance and interacting with others helps a lot to grow here and you have all congratulations
It does work for me also, crypto is one sure way to true financial freedom in the current era. Staking on the decentralized wallet application from https://atomicwallet.io/ is also a sure way to earn passively with ease. For now, I stake predominantly, $AWC.