We see this in most bull markets. I saw it a couple times in the equities markets. When the bull runs, we see people who quit their jobs and live exclusively off their trading or gains.
In this video I disucss the idea of speculation versus income. We have many in crypto leaving their jobs but it is because they have the steady income to do so? Or is it because they have some gains and now feel "rich" enough to do it?
▶️ 3Speak
Valid points, !BRO
I think crypto has the potential to be different for a larger percent of people because it’s still so early.
Some of the things that I’m speculating now are also things that pay daily.
In fact, most everything on Hive has both baked in.
The few dollars or even pennies I get from the rare post to tribes outside my general interests will grow as they earn a growing return.
Over the last year, for instance, DEC has 10xd. If I had been holding that like I am CROP now 😁 I’d have millions but it’s too goddamn useful to just sit on. I gotta spend it to get more of it.
Getting back to the point… holding eth is fine but staking hive, or bee, or even fucking pizza for Christ’s sake, drips money into my wallet that gets fatter as it falls and keeps swelling in the bag.
Then you have a tiny plethora of pools on tribaldex to draw earnings from. You have cub defi, which was what finally got me to cozy up to BSC & BNB, where a whole new world of magic just sprouted up and starting making everything wonderful.
The difference here is all these things aren’t business as usual. I’m not familiar with the equities market but I’m willing to bet it’s never seen anything like crypto in form or function.
Anyone can drop a few cents here, earn a few there and scatter them around and be very hard pressed to not hit something. Would you say that’s true if the equities market?
But what happens to them, when the bull run ends, and the bears come? Can they continue to earn their living with crypto?
A bull market is precisely the wrong time to quit your job. If you can afford to do it during a bear market, then that's what you should do if you hate your job.
I think that I should have more passive income sources, instead of only crypto, to quit my job.
It will not hit me when crypto market goes down because I have another income.
Still on the way to do it :)
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Well i think one can still be doing their job and still invest on cryptos , they can do both together..
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The real test will be when the bears hit the dance floor!
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