What we are seeing now is many earning a passive income from crypto which will change over the next 10 years from passive to a full proper livable income.
I think this would be the dream scenario for many of us in crypto, but for some reason I feel it will only be a small percentage. The problem is if you are thinking about it then you already need that income and when the ATH's appear whenever they do then the cashing out will happen. This is fine for now but what happens next is the biggest and most important decision of buying back in once the prices have dropped.
I can remember the chatter on the chain the last time around where may said they would cash out and buy back in never to be seen again. The temptation of having tens or even hundreds of thousands of dollars appear magically in your wallet as liquid is not something I have been faced with. The big difference is I suppose that I don't necessarily need the money and can wait for the next cycle.
This is where the 10 x or 20 x or even 50 x is earned and what makes the possibility that one can live off crypto. If you cash out $1 million ad do not buy back in you have missed the boat on earning from that $1 million and turning that $1 million into $10 million or more the next time around which is only 4 years away.
Crypto is a process that does generate wealth over time and the longer you leave it growing the bigger the rewards will become. My long term goal has always been to be able to earn $10K monthly through my crypto portfolio and not necessarily have millions siting in some bank account. The ability to earn a monthly income is the real power of crypto and these numbers could be staggering with no upper limit.
We just need to wait for adoption for the prices to rise in order to see how much we have and what type of earning potential is on offer. Places like HIVE will suddenly become more popular for what they offer as the earning potential we have here is off the charts. The 20% offered on HBD alone would be enough to catch the eye of many let alone the idea one can make a decent return on holding stake as HIVE Power.
One of my other large staked cryptos earning daily is netting myself $4 daily in rewards which is not here not there when it comes to income generating. If we change the price however and increase the number of tokens earned daily then it becomes a different scenario and the potential to earn over $100 daily.
Within the next 10 years we shall see plenty of every day type people living off crypto because they have stuck to their long term goals and why it is clear you need a vision of what you want to achieve. I do see the $10k target being reached within the next 10 years and surpassing this number easily mainly down to the stake already generated which compounds daily.
Posted Using InLeo Alpha
Living off crypto is definitely incredible good friend. It really does seem like sticking to a long-term vision is key. Watching investments grow over time must be very rewarding and that's why I'm working super hard in my investments. Hope we can all achieve this🥰🥰🥰
We can all achieve this as long as we are patient and let the stake grow.
Absolutely, I'm growing my stakes like crazy good friend, can't wait to becomes big guy here😁😂🥰
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Thank you. i need to check out threads.
Yes it is a good idea. A different way to interact on Hive.
A person needs vision to stay in crypto, the vision would drive whatever we comes across, yes, that's so true, crypto need times to reach the peak, once we are able to understand that what we needs to give in crypto is time, surely, success follow.
If you have the patience then success should follow if you remain consistent.
That's true, thanks I appreciate.
At this stage in the game, you would need 182,500 HBD banked in order to earn 100 HBD a day. Worth a shot, in my book!
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Absolutely worth the shot once Hive is at $4 or $5 it will be fairly easy if you have enough stake. Then converting it back when Hive is low again boosting your curation and APR rewards. It is about moving stake around and not just saying $100 is ok and settling. If you can obtain $182K then you can obtain $1 million within two cycles just by doing this.
And here I sit, making my .28 a day looking at the stars. Chin up, and here we go!
It grows quickly and before you know it you will be on 0.4 daily. Consistency is the key here.
I make a decent amount off of the DRIP token, but have been funneling most of my "profits" into powered-up HIVE and HBD. It is a start, but the rewards are slated to be lowered at the end of this month. Still, a plan.
Personally I would concentrate on Hive only as Hive will go up in value and HBD will remain at $1. You can earn and grow your Hive stake and then convert over to HBD when the price is right. Keep the plan simple and you will get there eventually.
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now we just call him Phil.
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Looking forward for it. 😊
Amazing target, hope we all can achieve this of living off crypto!!!
Anyone can do this if they stay committed.