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?
In some instances I might buy into your idea, in some cases I will not, am saying so because if you are actually talking of investment in the crypto industry, then their is Bitcoin, we all know that when it comes to investment in cryptocurrency, Bitcoin is the only real asset worth investing in, So on my own opinion, their is no diversification of investment in cryptocurrency, because Bitcoin is second to none, most of all this alt and shit coin out their are just measures put in place by developers to milk investors of their hard earned money.
But on the case of trading, it's very much ok because you can trade any asset of your choice if you really know what it entails to succeed as a trader, though it's not good to depends on a single income but I still sees trading as a major way of making money if you really knows the craft, because as long as their is volatility in the market, people will keep on making money regardless of if the market is going up or down, but in as much as we all strive to be a successful trader, we should not forget to be doing something, like having a person business or working in a firm, so that it would be more easier to finance our daily lives, regardless of the outcome of the trade we are taking or not, so having a job or business aside trading is very good, so that you won't trade with desperation.