Crypto and real life Income....
Crypto being mainstream can impact our life in various ways! The true power of deccentralization will be unleased if that happens. As it seems, it might take some time but in the near future the impact of these techlogies will leave us no option but to adopt them and utilize them in our everyday activities. I can not wait to see that day to arrive!
Being digitalized has its pros and cons. People getting adopted to this new technology will take time. There are several thoughts which needs to be taken care of. Since any new technology has its time of share before it gets mainstreamed. Majority of crypto users who either have been in touch of crypto (may that it be, they have made a profit or a loss from crypto) have their logics either to be in crypto or to avoid it completely! There are group of people who views crypto as a legislative scam of the century! While few see Crypto as a way of changing their path of life! You are reading one of those person's story as we speak, who befalls on the second category!
The understanding of Crypto knowledge among people (who are not involved with crypto) is very close to zero. Which leads to confusion, misconception, doubt, uncertainty and ofcourse people are mislead into believing various news lead by the media. Thus people gets afraid of being in crypto let alone take it as one of the main stream income for themselves. Although its still a debateable topic as of today!
Crypto and Real Life income....
Crypto is such a sensitive topic to discuss with. Mendling with it, may cause havoc to our investment. It has happened in the past and also have happened with countless others who have lost their life savings in here. But once people gets to know how this market works I suppose a new realm gets opened for those people. I always acknowledge people who works hard and give their time in order to get some return for their efforts. May that it be in crypto or in real life.
• The Uncertainty
Stable income in crypto is quite impossible as we speak. I might be wrong or I may not be aware of such places where one can say that on a monthly basis you are obtaining this much money and that is constant like we do in our real life job. This could be one of those reasons where people gets the wrong idea about crypto. In fact it is probably one of the reason for crypto for not being taken as an income source for people. Thus hesitation and doubt starts to befall into the world of crypto.
Although there are advantages and disadvantages of how crypto generates income for us. Some people prefer it that way while some tends to just ignore the fact that there are just more than just monthly income in here. So much more than any ordinary person can think about.
In the case for crypto, the prime question that I often get asked is, about the monthly income that will be generated from the investments made in crypto! Questions such as, how much would I get from here if I invest X amount of money? What is the assurance that I will not loose my money here? What happens if any crypto looses its value like BTC has lost its 50% value? So many questions arises! Sometimes it is really difficult to deal with such questions! As the people who have spent their lives in the realm of monthly salary they do not really tend to rely on any other ways of income. Same goes for traditional business owners as well. It is quite difficult to make an ordinary people understand the core value of crypto and the tech behind it! Sometimes it feels like I am salesman and selling something to them.
All these uncertainities and questions arises possibly because we don't know what will happen at the end of the month. How much we are going to get for our efforts throughout the month! Will be worth it! Many unforeseen activities seems to cover the clouds. Making it difficult for us to decide whether or not take crypto as primary income source for thyself. Unless, you have deep pockets! Which is why probably adoption to crypto will take much more time than we are anticipating.
Bull market tends to attract new users all cross the globe. One of the reason I believe is because whatever you invest in during a bull market you tend to get profit from it. Thus crypto gets some huge lime light during those times. The opposite happens in a bear market! Which you can see for the last few months.
| Crypto Investment | Real life JOB | Real Life Business |
|---|---|---|
| Invest any amount | Invest your time | Invest your time, money, effort |
| No fixed Income | Fixed Salary | No Fixed income |
| Risks Involved | No Risk at all | Risks Involved |
| Chance of changing Lives | In your dreams/unless a white collar job | May or not happen |
| A bumpy ride | Steady life | Handle every small details and don't do mistakes |
| If Stuck with it changes happens positively | Well I know you know the answer | Most ends up with profit |
| FREEDOM | NO FREEDOM | NO FREEDOM |
I can give out so many more examples and some might like it while some might argue with that as well. But at the end of the day it is about personal preference and how crypto has impacted their life. One who has lost their life's savings in crypto, it will hurt like hell going through this post! I am sorry for that but regardless there are risks everywhere! We just need to be cautious about it and learn to be intuitive and be cautious with our money.
Let's see where crypto takes us!
What weird things you have faced/heard while explaining crypto to a friend/family/others?
Best regards
Rehan
Posted Using LeoFinance Beta
I would say that there are investments/incomes outside crypto that can give you what you define as "freedom", dividing all sources of income in only 3 types: Crypto Investment, Real life JOB & Real Life Business is simplifying things a little bit too much. What about investing real estate? Stock market? There are possibilities out there that can make you free as well!
I still prefer crypto though 😉
yup, there are various variables as we speak! I would definitely like to point those out but for the sake of my post's point I was able to deduce the variables reduced to three which I found best for majority of the people.
But thanks for making your point as well.
Glad to know u are into Crypto! That's a plus point for us all .
I choose option 1 please, crypto investment and freedom.
Hahha same here for now buddy!!
The one idea that people follow about crypto is that it's volatile and isn't secure, but what really is "secure" in this world?
Even having a job isn't secure enough these days, and Covid was solid proof of that. Even businesses that used to make a ton of money and also provide a lot of jobs at the same time, had to cut down, taking massive hits in terms of revenue and activity. Soon enough even these big businesses had to close down. So, which profession or line of work is actually secure?
Thing is, only the corporate level job holders and big business with huge capital somehow survive during the worst of times; only the ones who couldn't be replaced kept their positions steady and solid. But when it comes to the majority, which is the average "mango people", they and their jobs and sources of incomes aren't really secure, to be honest.
That is why they NEED crypto, and must adopt ASAP; because even if things go downhill in this realm, at least they'll have control over their assets and will be able make their own decisions. And if they do their research and invest "wisely" and properly, then they will surely be rewarded when the charts are green again.
Whereas the jobs they were fired from, they might not even call back to re-hire, no matter how good of an employee you were, and that scenario right there is sad and scary at the same time.
Hi bro
The past few years have taught us a lot. Especially how job sector can be scary enough. The loss of people's lives especially Mango people, the struggles were unboundable. Those devastating weeks,months were unbearable. I wish from my heart and soul those days to never come back.
Yes, I do agree the people who does not suffers are the ones who are at the top of the food chains. The ones! But at the end of the day, these people will never realize the pain of others who are below them. It does really takes few people to change the view point of our society. What are they gonna do with all those money!At the end of the day they will not b able to take these money with them in the grave. But they will never understand!
Crypto, HIVE has been a savior for many of us here, including me. I am grateful to be here. And yes people especially Mango people should find alternatives as because I recently saw an interview another famine is going to arrive in the near 2023 and we should all prepare for that. Hope Allah saves us all from those hard times.
It's the same for me you can say bhai, even though I've just started my journey here, it's still making a huge difference. Hopefully we can keep it going and keep on growing, this platform surely is valuable for many of us here; it's more than just a WEB3 social media platform or blockchain.
The same goes for crypto and the believers and supporters of this realm. I truly believe that crypto is for the people, the people who are willing to learn, develop and grow. Soon enough people will realize it, and see that it's not just some "coin" that has no potential nor any form of sustainability.
It's a bloodbath out there now in the very "real world", all we have to do for now is survive and hope for the best, and prepare for the worst.
My experience is that people only pay attention to the potential gains on offer and ignore the warnings that come along with the package. When things don't go their way, it's as if they didn't know, when you observe their reactions and responses.
Posted Using LeoFinance Beta
This is something which I have witnessed and I am aware how it feels. Which is why, I have slowly started to keep things to myself and I only deliver my words if I am asked about them. Might sound like narcissist but sometimes it's better that way.
But I also came across those people who were curious enough to know about crypto and it was a pleasure to share my knowledge with them. I hope to meet more of these people in the future!!
The first thing would like to say after reading the post is a wow, really great article as always.😎🙏
you have explained all the things very well and I can relate to most of them.
In the past I am not sure how to sell or buy crypto, especially hive, I was really confused and afraid to tell others about the hive, but fill in the pandemic I did learn most things, and thanks to my friends who are in HIVE helped me a lot (I don't know them before ).
When I did try to tell them about the hive and anything that is related to the hive they do take an interest and do waste a lot of time but in the end, the result is a big zero. I think they think that there is something hidden profit that I will get from that. (some do say that to me.)
So, now I don't say anyone to, join hive or anything related to crypto. Even my own bother doesn't use the hive even though they do know that I am earning from the hive, maybe both of them have another source of income.
maybe both are earning a lot from their job and business 😅
thanks for the great article have a great day and week,
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