A Productive Sunday: Conversations on Diversification and Cryptocurrency
Yesterday, being the first Sunday of the month, came with the usual long hours of church service. If you've been following my blog, you'd already know this is a common feature of my Sundays. After the extended service, I had a scheduled meeting with a friend of mine who is a cryptocurrency enthusiast. We had been trying to find a mutually convenient day for a while, but our schedules always clashed. Fortunately, we finally managed to meet yesterday.
When we sat down, our conversation naturally drifted toward life in general and the current state of affairs in our country. We both agreed that in today’s economy, it is no longer wise for anyone to rely solely on one job or a single source of income. The need to diversify our earnings and expand our knowledge has become more critical than ever. This mindset is essential not just for survival but also for thriving in uncertain times.
We brainstormed ways to explore different opportunities. I shared some of the things I do and the activities I’m engaged in. For instance, I mentioned my small garden, which helps me cut down on food expenses. Growing what I eat, even if it’s not everything, has been a practical way to save money and focus my financial resources on other aspects of life, such as clothing, investments, and family needs. It’s a simple but effective step toward reducing expenses and maintaining balance.
In turn, my friend shared her own strategies for making money. She works as an influencer, promoting products on YouTube and other social media platforms. She explained how she earns a monthly income through YouTube royalties and highlighted the benefits of real estate investment. Her stories were inspiring, showing how diversifying into multiple streams of income can create financial stability.
Our discussion eventually shifted to the cryptocurrency market. We talked about the upcoming bull run and analyzed the potential trends. According to our assessment, Bitcoin (BTC) might reach $100,000 by December before pulling back. However, we concluded that the major bull run might not happen this year. We also acknowledged the unpredictable nature of cryptocurrency, given its inherent volatility. For all we know, BTC could either surpass $100,000 or fall back to $50,000, as it did a couple of years ago.
Despite its unpredictability, we agreed that cryptocurrency presents immense opportunities. It’s a market where fortunes can be made or lost, depending on one’s luck and access to the right information. Success in this space often comes down to being well-informed and making calculated decisions rather than impulsive ones. Overall, it was a fruitful meeting.