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Crypto trading and making profit from each investment is not instant and not even guaranteed. More or less we know about the ups and downs in crypto trading and here only money investment is not enough, time investment is also required. So how crypto trading can work for us? This is a personal belief that crypto can be a passive income source but not a regular income source when market doesn’t follows the plan of every investors, all the time. Invest both money and time and you can get or expect a good return.
Holding trust and patience is more important here and crypto can do magic for believers. The current crypto market is as usual so nothing new to share so I just picked this discussion topic to share some logical thoughts in my mind. Many of my readers know that I'm planning retirement after 40 years but that is the retirement from stressful work for making money. Aim to trade crypto taking time even after retirement. This is slow process to make money like we wait holding fishing rod to get a fish from the lake.
Why crypto trading can be a better passive income source? Well, most of the crypto investors invest their extra money to buy crypto, which means they definitely afford to either waiting or losing the money. Losing money hurts so better hold it for the right time and keep trading when market allow you to trade, do not force yourself for random trading that can cause losses. A passive income can take time and when you’ve a big investment you can experience a big return too if you are ready to hold for big pump.
No need to take this as a piece of financial advice but can be a retirement plan for many like me. I still have several years to reach the retirement and I love to work for making money. Trading is an optional earning source and honestly it can't be the regular earning source and I can tell this from my experience. Having plans are good but always prepare yourself for plan B too. Either plan A or plan B or if necessary then you can add plan C too but make sure that all plans shouldn’t be fail. If you agree more/ or disagree, feel free to share your opinion on it on the comment section below.
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