And how much is too much?
It is true that the DeFi movement has introduced so many ways to generate income and make profit within such a short period of time. A whole new world of investment options is now accessible and all that is required for anyone to roam around this realm is a connection to the internet and that's it - no questions asked.
Staking, earning yield, joining fresh promising projects from the very beginning in order to ride the wave and move on to the next one; you name it. There's a lot going on and so much more currently in the works. Countless possibilities.
One literally has to remain wired 24/7 in order to keep up with the pace at which we come up with amazing ideas these days.
Consuming content was never more rewarding.
Source: YearofTheBULL
The best part is we are currently exploring the very first stages of this movement. The future looks promising; people can dream big.
Allow me to elaborate on that.
Can't really win if there's nothing to lose.
Of course there is a lot of risk involved but I think that's absolutely reasonable. Everybody in this space is after the same prizes as you and me are, but there just not enough room for everyone in the club. I lose, you win, simple as that. A man's loss is another man's gain, and it's clear which one of the two we would all rather be.
However, with the ongoing crisis causing economies all around the world to collapse and governments to keep bringing out the magic money printer, there is now much more value to be absorbed by the crypto space than ever. The best part is it's going to keep on growing for the foreseeable future, as there doesn't seem to be light at the end of the tunnel. At least not yet.
Not to mention the massive amounts of value generated by our ability to tokenize information thanks to the blockchain technology, which will inevitably fuel further innovation and development. Knowledge is gold, and we have finally figured out a way to turn it into just that.
Money as we know it is infinite, but the goods necessary to satisfy our basic needs are not, which explains why they are much more expensive compared to say twenty years ago.
Cryptocurrencies follow the same trend; it's just for different but equally important reasons.
No need to hit the jackpot.
With that in mind, I personally believe that there's still room for immense growth, however it's not necessary to win the lottery for one to improve their quality of life significantly through their crypto-related activity. Sure, 10x and 100x gains are sweet, but let's not forget how easy it has become to build passive income streams nowadays.
Time is our most valuable resource and can't be bought, so earning $40 - $80 passively on a daily basis can make a huge difference for the average worker in most parts of the world. It's actually a fortune for users situated in underdeveloped countries, and a decent daily loot for most places in the western world. And it's feasible; no need to hit a bunch of successive huge green candles to get there.
Staking and compounding has made it relatively easy to achieve such a result provided that you give it time and put in the extra effort in the beginning. If you don't event want to invest a single dime that is.
Imagine what people with extra funds laying around can do.
Plan and strike.
Keeping a day job on the side and waiting patiently until there are enough funds to start one's own business completes the recipe for success, and while this may sound like a lot of work, it sure is going to pay off down the road in the form of spare time. Money is good, but there's nothing more important than freedom.
The bottom line is we have to look at the bigger picture in order to decide how much is enough and how much is too much. It's a multifactorial equation that varies from one user to another. Age, priorities, health condition, geography, circumstances; it's a different game for different people.
However, there's a common denominator here. We have all been given a powerful weapon we can use to improve our quality of life. It's just that the majority of internet users do not know it yet. The early bird catches the worm though, and if you're reading these lines, then you have come a long way.
Good things await you.
Never forget!
NFA - DYOR
Have a good one everyone!
@lordneroo
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