BLOCKCHAIN IS MY PASSIVE INCOME: DOES IT MAKE SENSE TO STOP BUYING CRYPTO DUE TO THE CURRENT SITUATION?
Hello hive learners, how are you doing today?
I am just imagining if i didn’t have any passive income today, how would my life be? I am a teacher in the local community, despite being paid by the state government, the salary is too small for me as a single.
I have written many posts about my passive income here; there was the one i wrote as a contest some months back. @clove71 was the initiator of that contest, i wrote how splinterlands and hive helped me to some financial problems I had. I couldn’t have afforded to get some materials for myself if not for splinterlands.
When i started hive, it was really hard for me because i didn’t know how to write good content; I was having these challenges for months until I found a good content that taught me ‘how to write good content on hive’. I relogged the post, and continued to rea the paos till i understood it very well.
After I started, I was motivated by other people in hive ecosystem, and I believed in myself so much that, ‘I can do it’.
I got 100HP to start posting because the moment I created an account, I could not post; I went to discord channel to complain of my issue, I got a replied that i don’t have hive power to post. I was eager to post that very day, i solicited support from discord and someone lent me hive power for months, that was the hive power i started to post with.
The beginning was very tough for me because i nearly gave up. I believed the saying of my friend that the beginning is always tough but don’t give up. Whenever I remembered this world, i kept on posting even when people did not read or voted my articles. I strongly believed that I would make it.
Today, hive is one of my passive incomes; I got more money in hive just to post original content; I participate in many contests on hive. I want to tell you that what I earn in hive is up to my monthly salary as a teacher.
I found it easy to post without stress, i am doing it for fun and earning my cool money.
source
Another passive income is splinterlands, I joined this game for a long time. I am not surprised with this game because many people are already making a living from splinterlands. I met some people on discord that make a living from this game.
Well! I don’t actually withdraw money from splinterlands, I preferred to invest more because I understand the game very well. This is the game you earn big when your investment is big; this is the reason i don’t withdraw from it. I need to get more from the game.
My splinterlands earning is more than $80 per month, and that is incredible. There are more months I earned much more.
There were crucial times I withdrew money from splinterlands to solve my challenges. Without splinterlands, I would have run into debt or borrowed money from a cooperative or bank.
DOES IT MAKE SENSE TO STOP BUYING CRYPTO DUE TO THE CURRENT SITUATION?
I was trying to know the opinion of my friend during this bearish season. He is also a crypto believer; he bought some coins and the coins have gone dipped.
My question was, what is your observation of the current price of crypto? He said, “guy i am really tired of the whole thing, why was that when i invested heavily the price gone down? I need to withdraw my money because I need money in this festive period. I am really tired and I’m going to sell some of my assets to get money for this festive period. In fact, my son will resume back to school in January and i need to pay his tuition fee”- Mr. Michael.
The bearish season is like the season we are the best moment for some investors, they know that during bearish season is the best time to buy cryptos. There are investors who understand crypto season and they continue to buy more irrespective of what is happening right now; they know that by bull season they will make a lot of profits. While some people are selling their assets due to the current season of current which does not make any senses at all.
There was a coin I bought at the rate of $1 and now they are about 45 cents, if I sell such a coin, I have lost 55 cents.
This is the reason it does not make sense to me to sell my assets right now.
CRYPTO IS PART OF MY PASSIVE INCOME
source
When crypto was blossoming, I traded on daily basis and removed my profits from the capital. I was getting money on a daily basis to the extent that some people wanted me to teach them how to trade crypto, they didn’t know that I was still novice. I was recommending those people to investors that took crypto as a major business.
Crypto is part of my income, I trade in the even in this bearish season; I buy more and get more profit from trading.
All my side hustle does not require much to do; I do it in my convenient time. Just like splinterlands game, I play whatever I wanted to play it, I post whenever I want to post and I trade whenever I wanted to trade. I am not working under pressure just like the way I do in the office.
In conclusion, I like diversification, I do many more business both online and offline since it yields profit; All what I want to hear is profit. Despite the online passive income I do, I still create time to do home lessons for some students here and trading in hive-engine.
A few weeks ago, when I discovered that home lessons do not give more money, I quit and decided to online work as my passive income.
Friends, you need passive income to keep going in life. If you are planning to have one, make sure you get the skills required for it. Passive income helps financially.
I stand up for success, and success is not achieved by merely making mouth, No room for laziness, no room for idleness.
Thank you for reading my post.
https://twitter.com/570936047/status/1602415059027824675
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I agree that the beginning is always hard but when you don´t give up but keep going, you will eventually come to enjoy it more and that is where being patient pays a lot.
We never can tell how Hive and the second layer tokens can help us until we have tasted it. Thank God you are earning something good that is more than your salary as a teacher on hive.
When one don't understand the process, it's easy to give up but backing yours with a determination and effort was really impressive.
Hive is really worth that effort.
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