Post
Topic
Board Trading Discussion
Re: The Importance of Income Diversification for Crypto Traders
by
Zigabel
on 11/07/2024, 23:09:09 UTC
Since the retracement of Bitcoin, the market has become boring. Sometimes, the direction of Bitcoin is unclear. For example, the price action of Bitcoin is actually confusing. I have learned one thing in these recent days: As a crypto trader, do not rely on trading as your only source of income. It is good to have another source of income like real estate, staking, crypto jobs, mining,  and other legitimate sources of income. If I say that I will force trade now, it can end up in a loss.


What is your take on this?
Even as someone who's into investment or business generally, having a single source of income isn't good enough a you may eventually get stucked because there are roo many uncertainties that may come up rising from your single source of income and if it cost you that income source, you are most likely not going to have a means at the moment and end up been stranded as a person.

There are other jobs one can explore in the internet, it mustn't be trading, one can get on some freelanced skill and still make money from which you can get your trading improved. Trading generally is a risky and yet very technical jway of making money as so if you have gotten that skill in trading, total dependence on it may turn out too risky that you may not survive the.loss.