To complement a full-time job, it's always a good idea to have a side gig. Trading cryptocurrency or forex, especially during a bearish run, is a good alternative, but combining the two will take a lot of time. Investing in cryptocurrencies, especially during a bearish run, is another good option, though it is better for a long-term perspective that can guarantee a reasonable profit, setting up a side gig.
~snip~ Side job or any available venue to earn extra may allow you to improve your financial capability, but it's in need for you in also budget yourself and try saving and not to overspend your extra earnings. It's on you, if how you will manage your extra income, more on self-control and wise choices of investment. I agree that we need to do saving and not overspend on something first, many people tend to invest their money or trade their money to get more income but in my opinion, if we want to reach financial stability we need to not overspend on something that we actually don't need. Since investing and trading has a risk both of them won't guarantee our side income. |
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Here is my bold assumption. As the recent cryptocurrency prices continue to drop dramatically, the whole market needs a big time and force to embrace a new bullish period. As the US strengthens more regulations, more money is looking for a new place to flow into. Recently, Hong Kong held the Web3 festival to show their determination to build a crypto hub in Asia. The new rules and favorable policies on crypto will be implemented in this June. I firmly believe that as long as the new window opens, endless hot money from China mainland and all over the world will be flooding into the crypto market in Hong Kong. All cryptocurrencies will see a bull run for a while. By the way, our project FireDAO is in progress and please feel free to contact me should you have any inquiries.
In my opinion, when the bull comes in June it is because the FED will cut their interest rates or not be hawkish to increase the interest rate, when that happens many people will move their fiat to investments such as gold, silver, and Bitcoin. Since many analysts predict that the dollar will crash soon this year due to many negative sentiments coming from the external. |
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For me staking stable coins are worth it even though the percentage of profit is not that much but still it is a profit. If you are still undecided to invest your stable coins to your chosen currency better to stake it. I myself do stake stable coin while waiting for the price drop of crypto currencies, we need to wait for the proper timing to invest. Waiting will be all worth it if we could buy crypto currencies at low price and let us just wait for the bull run for us to be able to harvest our profit from our investment.
Yeah, staking is really nice when crypto winter coming or when the price is going to drop really hard. I prefer to do staking when crypto winter is ongoing so when I got profit I can buy the crypto at a low price using the profit I got. But even staking can become a risk if we don't choose the platform carefully since not every platform is safe. |
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Crypto is full of miracles, we don't know what will happen in a matter of seconds, a little hope for Luna returns to normal, I think it can be but it is very heavy, for those who still believe in Luna, please continue to hope
Yeah, anything can happen in the crypto market, but LUNA will need a lot of changes and lots of good sentiments from many people. Most people in crypto already know about the incident that happens in LUNA and they don't want to invest again because they don't want the same thing to happen again with their money. LUNA will probably recover but for LUNA to reach $100 again will surely be really hard in the next bull run. |
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~snip~. What about you ?
If I have time to watch the market over time I will trade my funds to get more profit, but since I don't have that time because I already busy in real life cause my real work is really depleting my time so I hold crypto for a long time and I don't care if crypto got correction although many analyses said that Bitcoin will go $40.000 but in reality it goes down cause no one can't predict the market movement exactly. |
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~snip~
I have not gotten myself this days. Do you feel down when such sudden hits happens to you?
That's why its important to use money that you can afford to lose so such feelings won't come to you when you're losing your money in a scam project. I once felt that when I lose my money in a project that becomes a scam after a few months of running cause when I did research the project is looking promising and had decent progress, I end up investing 500$ in that project and after few months I lost all my investment. I feels desperate at that time since its not money that I can afford to lose but I made that experience as a learning. |
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I have been wondering why does it take so much time for bitcoin price to bull and whenever it try's coming up it takes just some few hours or days to drop drastically or changes in percentage.
Does this means bitcoin can not maintain bull sign for about 7 months or 1 year straight up without having to change and show bear signs?
Can someone explain this to me i am curious to know, and if this question already ask please ref me topic to read so i can lock this?
Thank you.
Because there are a lot of whales controlling the price of these cryptocurrencies, also crypto doesn't have a big market cap like stock did that's why it's really easy to drop a few percent in just a few hours. A bull market will come when the sentiment about crypto is in a positive condition when crypto reaches new ATH many people will take profit and many negative sentiments comes from external that's why the bull market won't last long. |
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I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
Just spend a few percent of your salary to buy Bitcoin, it's not a problem as long as your family didn't get the negative effect of what you do. Buying Bitcoin every month just like you're doing DCA strategy which is very good to do against the volatility of the Bitcoin market. |
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It's important to remember that with freedom comes responsibility. Without a boss or structured work environment, it can be easy to become distracted or lose motivation. It's important to set boundaries and establish a routine in order to be productive and successful in a flexible work environment.
When you know that your income depends only on you, and if you don’t earn money, you won’t be able to feed your family, then you don’t have to look for motivation. If you live on your own, you don't have a family and you have good financial savings, then there may be problems with motivation, although I have always strived to find a few more ways to make some money, if I like it then I will work in this direction. For me, even a few days to sit idle seems to be a difficult task. Yeah, its really hard when we can't meet our family's needs since it's our responsibility we find any way to fulfill our responsibility. But if I don't have enough money to fulfill my family's needs I will prefer on getting a passive income rather than risking my money in trading, Trading in crypto is really volatile we can't predict where the market will move although many decent analysis saying the crypto will go at a certain point. |
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A very good point about not keeping your assets in exchange it is safer when your assets are in your care and remember not your keys, not your coin, that is where plenty of people are getting it wrong, once any exchange decides to foldup then a lot of people will be left with nothing and you have to abide by these policies if you want to use their service efficiently, and holding bitcoin gives you that assurance of your assets not going anywhere, during the bear, not all coins survived it but despite everything, bitcoin is still standing strong what happened with FTX should be a lesson to many.
Taking responsibility for the safety of your coins is also not easy, most prefer to rely on the exchange, or if you take the traditional bank model, but in the end this is not the best solution, because multiple examples show us how everything can change in one day and the exchange simply closes access to your account. Therefore, everyone who understands these risks and is ready to independently be responsible for their investments will always win. This is not as difficult as it may seem, it is not worth risking your money and keep it somewhere on exchange. Yeah, we can't always trust CEX to keep our funds safe since there are lots of hacks for CEX in crypto history and not every exchange in crypto industries has terms that our funds are backed by the exchange 100%. So holding our funds in a hardware wallet is always the best option or if we don't have money to buy a hardware wallet we can always use wallets like metamask and others to keep our funds as long as we don't get tricked by scammers. |
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The bear market is a good one to be a friendly with and is an opportunity given to many people to buy when the market is on bear motion of Red, while have a smile when the market start bull run stage, so far, is good to make the bear market friends by buying difference types of coins.
for those who buy the coins at a low price will make the bear market their friend but not for those who bought the coins at a high price, we just need to chill when a bear market happens since its normal in cryptocurrencies and a chance for us to accumulate more before the next bull market. As long as we don't panic when bear market start we can get the opportunity and set a decision for our next target. |
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~snip~
How should we manage dead coins?
I got lots of them in my wallet, I'm just leaving them in my wallet since moving them needs fees to complete the transaction so rather than spending lots of my money for the fee I just leave it alone in my wallet. Until now I can't find the solution for dead coins in my wallet |
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