Life will always give you many more opportunities and you can still earn a lot through Bitcoin. See so many newbies are working enthusiastically, even when they are new and have little understanding of Bitcoin. They still have belief that Bitcoin can get them good financial benefits, if if not make them filthy rich.
Totally agree, I think that as long as you are alive, opportunities are always going to arise and there's only one way to approach those opportunities which is seizing, that's why I am still alright even when the market is going down, I know that it's just a stint in the market and it's not a permanent thing.
Many people are still coming to testify about the good of Bitcoin, and how it has helped them to overcame many things in the environment. Since many newbies are using this bear market to purchase Bitcoin and hold for the price to move higher before they can sell to make a passive incomes from the market, will also make them to regret why they did not know Bitcoin Bitcoin on time in the community. It Never too late to know Bitcoin, but the most important thing with Bitcoin investment, try your possible best to carry out your personal research to know when to sell to make a passive incomes and know when to buy Bitcoin not to miss the next opportunity.
No one is going to get to "passive income" status with bitcoin or with any other "crypto" until after they have spent a decent amount of time building their investment portfolio... and if we focus on bitcoin, and do not get caught up in the various bullshit ideas of yield and a lot of that crap that causes people to store their bitcoin (or crypto) with third parties who may well end up gambling with their coins.
So if the goals are to work up to getting to some kind of a status in which you are able to live off of your bitcoin, then it seems to me that there is a need to build the bitcoin holdings to a high enough level that there are feelings of stability and security.. and that is likely to take most people a pretty damned long time, even if the come to bitcoin with a decent amount of capital/value that they want to inject (invest) into it in order to complement other investments that they might have.
If your investment is only in bitcoin, or only in bitcoin and dollars then there is a certain amount of risks and difficulties to deal with the ongoing and expected continued volatility of bitcoin, so having other investments can balance that out.. or another way to balance it out is to reach a status of being overinvested in order to be able to evaluate your the value of your holdings in terms of their bottom price (potential) rather than getting too caught up with the ups and downs.. .. but at the same time, none of us can really escape the roller coaster aspects of the ups and down of bitcoin, yet another question remains about how much to put into bitcoin, how much to retain in bitcoin, and what are appropriate and comfortable allocations into other assets.
Does anyone know appropriate and comfortable allocations of bitcoin as compared with other assets? It's likely tailored differently for the circumstances of each person, right?
I am not against the idea of passive income, but I am bothered by it being used in ways that make it sound as if it is easy to achieve.. which a lot of marketers like to throw around such term, including trying to get you to invest into get rich quick schemes, and most of the time, it is going to take a decent amount of time to build up to "passive" income, and some income is more passive than other income as well. in terms of how much work is necessary and how much sitting back and relaxing is going to be in the cards?
Well I too have my own share of regrets with regards
to cryptocurrency and investments. I do wish I had
invested earlier when prices were low and bitcoins in
my country was not that much of a big deal. During
2010 until 2015, there was so much skepticism and
doubt about it, scams were always on the news and
people mostly associated cryptocurrency as one.
It was a different time then, even trading platforms
and bitcoin wallets were limited, very few options
were available in my country. But still bitcoins
prevailed over the years and now with all the other
crypto out there, it has sprouted and grown higher.
Even a 10 year old neighbor of mine has a bitcoin
wallet and knows the trends and nfts and stuff.
Im hopeful things are not that too late, prices are
a bit dipping right now so it’s a good start to probably
get back at it. Never too late.
One thing is to try to stay focused on bitcoin first instead of getting all distracted with various other projects. Once you get some good grasp of bitcoin and establish your position in bitcoin, then maybe you can take a small portion of your stash and fuck around with other stuff.. but it really does not seem to be necessary to get involved in a whole bunch of bullshit with other things until you really establish yourself with bitcoin first.
Establishing yourself with bitcoin could take 4-10 years or longer - just depending on your situation, how much value you come to bitcoin with and your methods and strategies for investing into it.
Sure, we can look back at history and presume that bitcoin already had a "good run;" however, we continue to be in pretty damned early days. Historically bitcoin was difficult to use and difficult to get into, and there are still some of the technical issues and lack of user-friendliness issues and also various ways that you can fuck up by not storing your bitcoin properly, not having proper back ups or otherwise screwing yourself to become parted with your coins.
So it seems to me that we are still pretty early days in bitcoin, even if you think that everyone has heard of it, but still we have relatively low investment levels in terms of the whole population, and even though there has already been decent price appreciation, there is still likely more upside to come - no guarantees with anything, of course.
