The Worst Case Scenario
It's not that bad as we still have our coins which will have serious value in a few years time. The time is now to get busy and grow what we have.
Always in the back of your mind their is this nagging thought that one day there is this idea of being able to live off crypto. I must admit these ideas normally spin around in your head when the prices are far more favorable and not like they are now.
What we are seeing with the Bear market is a reality check and in many ways is a positive. Taking the worst case scenario tells you either way where you really are and all this tells me is the crypto eco system is still way too young. Living off crypto unless you have serious large bags earning a decent APR is a non starter currently.
This is the perfect time to work out what you would need though giving you the targets going forward. Your rewards that you are earning will tell you where you are and what needs to happen. Personally I need to work seriously hard over the next 4 years and then it would be possible.
Back in November last year things were looking very rosy and just 6 months later the earning potential has lost serious value. The good thing is the foundations are in place and these will only grow over the coming years meaning the idea of having a living passive income is still on track.
We all knew this scenario was on the cards and the sooner we are through this period the better. These are the times that count as this is when the wealth is generated. It is not difficult to double your stacks as the prices are that cheap compared to where they were not that long ago.
I am happy as I see this as a reset of the cycle as up until now many were saying we were still going up and Bitcoin at $20k tells us this is the Bear market and not anything else.
When I entered crypto back in 2018 the Bear was already in play and I had no $$$ value. Today I am starting off this Bear with over $30K so that is an advantage that is huge. I still believe if one does the right things over the next 4 years then generating enough wealth to live comfortably is very possible. We haven't lost anything as we haven't sold and that is actually important as compounding and earning will far outweigh trading.
Crypto is changing right before our eyes and the numbers of people who will be involved in crypto over the next few years should be off the scale. I do believe the industry is changing that quickly and the numbers will force the prices up just on increased volume. These are exciting times that lie ahead and I cannot wait for what happens next.
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Watch out for the human traffickers at hivefest. You wont know it until its too late. STAY AWAY! Beware, traffickers can be women or men! They will act nice until they dont. There is human trafficking going on around this type of crypto. I have witnessed it. They literally have attempted my murder and are trying to kill me with V2K and RNM. Five years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism ..... https://ecency.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem if you run into one of them you may want to immediately shoot them in the face. 187, annihilate, asphyxiate, assassinate, behead, bleed, bludgeon, boil, bomb, bone, burn, bury, butcher, cap, casket, choke, chop, club, crucify, crush, curb, decapitate, decimate, deflesh, demolish, destroy, devein, disembowel, dismember, drown, electrocute, eliminate, end, euthanize, eviscerate, execute, explode, exterminate, extinguish, finish, fry, grind, guillotine, gut, hack, hang, hit, ice, implode, incinerate, kill, liquidate, lynch, massacre, maul, microwave, mutilate, neutralize, obliterate, off, pop, poison, punnish, quarter, ruin, shank, shock, shoot, shred, skin, slay, slaughter, smoke, smother, snipe, snuff, squish, stab, strangle, stone, suffocate, suicide, SWAT, swing, terminate, torture, terrorize, whack, waste, wreck. You better fucking kill me.
The cryptocurrency market knows many fluctuations, for me this is a great opportunity to collect as many coins as possible, especially Hive with its low price. Silver bars are also a priority for me in the coming year.
I think any project investing now is worthwhile as long as you have done the research on it.
Yeah, I was thinking we were closer than we actually are. Given this current situation it makes me realize still have a long way to go I think. There is just too much FUD. We are still building the foundation I guess.
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Yes this is still too early and a long road yet. My gut tells me 4 more years minimum.
Ooof
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The most important thing is not to invest all the money in any project, even if it is successful. Relying on digital currencies, dollar and metals are very important strategies in managing our investment.
You're looking at it the right way :)
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We still have a long way ahead of us, There will be lots of potential ways to earn from crypto, and the prices will go up and down constantly...