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?
If you're relying on crypto jobs, mining, and staking in crypto as alternative income sources to profit during Bitcoin downturns, I would caution against this strategy as it's akin to putting all your eggs in one basket. These activities are closely tied to Bitcoin's price fluctuations, making them vulnerable to market volatility. It's necassary to explore additional income sources such as real estate, freelancing, or small businesses like a shop.
Bitcoin's market direction can be unpredictable, and relying solely on trading isn't always good idea. Diversifying income streams not only minimize risk but also enhances financial stability.