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?
Having various source of income is good because the chance of you getting broke is limited but trading should not be seen as the primary source of income because it is not a guarantee that you will make profit from trading regularly. The unpredictable price of bitcoin have made a lot of traders to run at loss.
Getting a job with regular income is better and from there you can save and invest in other investments of your choice. However, diversification should be done properly if not it can lead to poor wealth growth compare to when you are more focused on one.