RE: At the Same Spot As 2.5 Years Ago .:. #MyHiveGoals 2024

You are viewing a single comment's thread from:

RE: At the Same Spot As 2.5 Years Ago .:. #MyHiveGoals 2024

phortun in LeoFinance • last year

Wise words and interesting thoughts here. The lesson that I learned here the hard way is that being a successful blogger is not enough. To be able to live off Hive, you need to be a very good trader too. Unless you live somewhere where just a few hundred bucks monthly gets you a comfortable life...

Btw speaking of the whales, I wouldn´t say that they live (only) from Hive. From what I know, most of these big guys with millions of Hive hold even bigger bags of other coins and assets. Then, with some trading skills, common sense and discipline, it can be totally doable to live off crypto, even in the most expensive parts of the world ;)

last year in LeoFinance by phortun

0.00 FOODIE

1 vote

Sort:

Trending

[-]

ph1102 last year

To be able to live off Hive, you need to be a very good trader too.

I will leave just one more comment on this... I tried trading a couple of times in my life, and I was even successful in many trades... But, it was too stressful for me and it was not healthy for me at all...

The moment when I stepped out from the "trading mindset" into the "investing mindset" everything changed... In those moments, I stopped calling myself a crypto-trader, but rather defined myself as a crypto-investor! Having a long-term view of projects and tokens helps a lot...

Wish you all the best, my friend!

0.00 FOODIE

1 vote

[-]

phortun last year

Yeah, sounds reasonable. But to be able to be a "long term crypto investor", it means you need to have some other funds / sources of income to cover your life expenses. I hope to find a job soon and get into a position where I will be able to start staking Hive again. I´m not exaggerating if I say that every single power down hurt, like really hurt... I owe my account and the community a lot of power ups. Hopefully soon :)

0.00 FOODIE

1 vote