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?
There is not much to say as for the majority of the traders out there this should be their reality already.
Only a minority of traders can trade as their main occupation, as that will require a great deal of skill on their part and an amount of money so large that it will allow to them to pay all their bills with only a fraction of their profits, and the number of traders that can do that as you can imagine is not very high, so the rest have no option but to look for a second or even a third source of income, that way they can avoid trading when the market is not moving much.