Post
Topic
Board Trading Discussion
Re: The Importance of Income Diversification for Crypto Traders
by
Peanutswar
on 25/07/2024, 14:11:38 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.


The market will not become healthy if there's no retracement this is to check where the market can hold and soar if you are active in trading with the use of the indicators and signals even though it's not giving a hundred percent price movement still there's a glimpse you can see what are the possible price action, that's why knowing with technical analysis might save you from loss and lessen the risk.
Having different jobs is ideal to make sure you will grab the opportunity in crypto like buying the dips and holding wait for the ATH but recently there are a lot of trend right now in the crypto space that offer a job so you can enjoy crypto while earning.