The impact of crypto on our lives

[Themepen]

Investing in crypto should be a part time job and should not be taken as a full time job, and even if you are making good profit from crypto, it is good you use some of your profit to set up a business while you continue with your crypto dealings. A real means of living is important because if you are an investor, you will need money to invest and wait for a long time before your investment will mature. If you are a trader, you cannot make profit all the time to carter from your monthly needs.

I totally agree that investing in crypto should be side thing not your main job. It is great when you make money from crypto but you need steady income and other ways to make money too. Use some of your crypto profits to start business or invest in other things to keep you safe. We Do not rely only on crypto for our monthly needs because market can be unpredictable. Having regular job or business helps us stay safe when crypto markets are bad and makes it easier to make smart investment choices.

[bitbit97]

Anyone here has a life that is totally dependable from crypto? I see that crypto impacts greatly on some user lives. Some consider it to be a hobby, some as a part time job. But is there anyone whos will have huge troubles if crypto prices goes down suddenly? Or it becomes forbidden? For me crypto play a role of an object of interest on first place, and as an additional mini income on second place.

[yohananaomi]

Anyone here has a life that is totally dependable from crypto? I see that crypto impacts greatly on some user lives. Some consider it to be a hobby, some as a part time job. But is there anyone whos will have huge troubles if crypto prices goes down suddenly? Or it becomes forbidden? For me crypto play a role of an object of interest on first place, and as an additional mini income on second place.

Some are already completely dependent on crypto and make it a very profitable livelihood, but there are those who make it an addition to the routine work that is still done in their daily lives. So both are equally good, as long as the aim is to contribute to additional income that can be done in investment or trading.
The issue of crypto prices going down or up is a common thing and those who have invested in crypto for a long time know that and are not surprised and are used to it because in time it will increase by itself.
I think no one can forbid doing anything with crypto, even if it is prohibited, it can be done well because crypto cannot be prevented if we want to do it.

[Dr.Bitcoin_Strange]

Anyone here has a life that is totally dependable from crypto? I see that crypto impacts greatly on some user lives. Some consider it to be a hobby, some as a part time job. But is there anyone whos will have huge troubles if crypto prices goes down suddenly? Or it becomes forbidden? For me crypto play a role of an object of interest on first place, and as an additional mini income on second place.

First crypto investment should be our second source of income and not our only source of income, some people has cryptocurrency as there only source of income and I ask how do they invest in cryptocurrency if there only source of income is crypto, in cryptocurrency you use money to buy coins and then hold them for sometime so that it will grow in value and in price so if you are having cryptocurrency as your only source of income were will you get money to buy the coin and how will you be surviving till it grows in value and price, some people really don't understand how cryptocurrency works they feel one can just start crypto investment and then start getting money every day and that is why you see a lot of people get frustrated every day in cryptocurrency investment, please before starting a cryptocurrency investment please try to learn about it study it very well don't just start because you saw someone that has made huge amount of money from it.

People who's life will be in trouble if cryptocurrency stops working or becomes forbidden every in the world are those who uses cryptocurrency as there only source of income especially those crypto traders, they will be more frustrated, but those who see cryptocurrency as a long time investment who still have a good paying job won't be affected, cryptocurrency should not be taken as the only source of income for example if you are into Bitcoin investment you need to be consistent in your accumulation and you need patience so if you don't have another source of income how can you invest in Bitcoin is impossible.

[Nheer]

Investing in crypto should be a part time job and should not be taken as a full time job, and even if you are making good profit from crypto, it is good you use some of your profit to set up a business while you continue with your crypto dealings. A real means of living is important because if you are an investor, you will need money to invest and wait for a long time before your investment will mature. If you are a trader, you cannot make profit all the time to carter from your monthly needs.

From the volatile nature of cryptocurrency you will know that it is not something that can be relied on as a means of livelihood. Just as you have said, there should always be another option where you earn stable income so you don’t invest under tension everytime. When you take crypto investment as a full time time job it put your investment at risk because everyone penny will be important to you and also emotions will get involved which will always affect your decision making. Always invest what you can afford to lose annd crypto is more profitable over a long term so depending on it regularly is not ideal, when you have other options it will make investing more easier.

[bayu7adi]

Rich people who get into cryptocurrency will actually get richer because making money by trading in cryptocurrency is very easy; they just need to wait for the right moment to buy coins and sell them when the price is high.

Is it that easy to say trading?? Buying at a low price and selling at a high price... it's very easy to say, and when you practice it, it's very difficult even from 10x trials, succeeding in doing as you said 5x is already good... what has more influence on every decision we make is our mindset towards cryptocurrency... if trading is as easy as you say, no one should go bankrupt from trading... and I'm sure everyone will start trading because it's easy according to you.

Both rich and poor people have the same risk if their mindset is the same... the only difference is the multiplication of profits... rich people can risk more money than poor people... if they lose, then rich people also lose big... if profit, rich people make big profits...

[bitterguy28]

Is it that easy to say trading?? Buying at a low price and selling at a high price... it's very easy to say, and when you practice it, it's very difficult even from 10x trials,

waiting for the perfect moment is difficult because there are no guarantee that the price you bought in is actually the lowest already it could still go lower and you would then regret not being able to buy cheaper

the same goes for when you are selling how can you be 100% sure that that is already the highest price you can sell it to? some tries to come back into the market while the price is rising because of fomo but they are too late and the market drops before they can even make profit

Both rich and poor people have the same risk if their mindset is the same... the only difference is the multiplication of profits... rich people can risk more money than poor people... if they lose, then rich people also lose big... if profit, rich people make big profits...

unless rich people put all of their money into crypto which is very less likely then even if they lose some it would not leave them hungry and homeless but poor people are more at risk of having difficulty surviving if they take a wrong step in trading

[gunhell16]

I have been in this crypto market for several years and have many complex emotions and memories with it. For those participating in this market, many friends sold their houses and borrowed to invest in crypto when they suffered from FOMO, I saw many people become rich, and others dragged their whole families into poverty and debt. Worst of all, many people seek death to escape the obsession of loss and responsibility.

The majority choose not to participate in this market, but they are also divided into 3 factions by the crypto "demon": the first faction regrets the opportunity to get rich, the second faction continues to be afraid and needs a lot of time to observe, the third faction hates and condemns crypto.

Many meetings turned into arguments about crypto and fiat, many friendships broke down because of some financial investment advice... Honestly, I saw more sadness than joy. Perhaps the majority must lose money for the smaller portion to profit, that is the rule of every market, even though the economy continues to develop in a positive direction.

Right now, when the market has recovered extremely impressively in 2023, many people are so drawn to the market that they check the chart and profit/loss all day long, complaining of not being able to concentrate on work. But I think: I need to work harder to have more money to DCA more crypto. Maybe because I don't have any loans, my expectations are not great and the DCA strategy is generating profits instead of losses. I prefer to follow development and adoption progress of blockchain technology rather than being happy or sad with the price chart.

How are your emotions and mood in this crypto market? Do you expect crypto to be an opportunity to change your life? Or do you look forward to more practical benefits of blockchain technology for the world?

Honestly speaking, dude, I'm just a little sad because I don't have much budget to buy top altcoins that are cheap now. This is still a good time for me to buy altcoins that I've been saving, and the price has dropped even more now.

That's why I hope next week the price of the cryptos I'm doing with DCA will still be low, but cryptocurrency really helps a lot in my life right now, to be honest.
I've been here for a couple of years and this time doing trade is not that good at the moment, and that's the life of a traders there's a time you can earn and there's a time that are not.

[Marivic27]

For me the impact of crypto in our lives is not so big for now but maybe in the next couple of year there will be a new way to payment option there are a lot of crypto wallets and e wallet so i fell thay cashless world is almost near. And there will be a big impact into us.

[RockBell]

Anyone here has a life that is totally dependable from crypto? I see that crypto impacts greatly on some user lives. Some consider it to be a hobby, some as a part time job. But is there anyone whos will have huge troubles if crypto prices goes down suddenly? Or it becomes forbidden? For me crypto play a role of an object of interest on first place, and as an additional mini income on second place.

Crypto has actually helped a lot of people not only here their people that do more in crypto and they don't even show their self due to reasons best known to them they want to get to a point were they  choose their security over everything and it is actually a very good idea, and even in term of achievement a lot have actually archived more than enough from Bitcoin if not that they are making money am sure they would have abandoned bitcoin by now but despite not only for money because the first bitcoin holders go bitcoins for some little change and that little change have amount into something big.

The one thing I noticed you need to do in bitcoin is to have patience and always have patience, and commitment to to the investment because you can not do small and abandon it, it something you have to be continuous about. That only when you will enjoy bitcoin.

[bitbit97]

Anyone here has a life that is totally dependable from crypto? I see that crypto impacts greatly on some user lives. Some consider it to be a hobby, some as a part time job. But is there anyone whos will have huge troubles if crypto prices goes down suddenly? Or it becomes forbidden? For me crypto play a role of an object of interest on first place, and as an additional mini income on second place.

Crypto has actually helped a lot of people not only here their people that do more in crypto and they don't even show their self due to reasons best known to them they want to get to a point were they  choose their security over everything and it is actually a very good idea, and even in term of achievement a lot have actually archived more than enough from Bitcoin if not that they are making money am sure they would have abandoned bitcoin by now but despite not only for money because the first bitcoin holders go bitcoins for some little change and that little change have amount into something big.

The one thing I noticed you need to do in bitcoin is to have patience and always have patience, and commitment to to the investment because you can not do small and abandon it, it something you have to be continuous about. That only when you will enjoy bitcoin.

How exactly crypto helped outside forum? Many consider crypto as: take some free money, invest, earn quick, make profit, withdraw and convert to fiat. Imo it gave some free and easy money, but that is a temporary profit. It has helped only today, and a tiny amount of those who are involved with crypto, continue earning again and again. I am trying to say that crypto for many has made a short and positive impact, but few consider get involved with crypto on a long distance.

[Roland26]

For me the impact of crypto in our lives is not so big for now but maybe in the next couple of year there will be a new way to payment option there are a lot of crypto wallets and e wallet so i fell thay cashless world is almost near. And there will be a big impact into us.

Well that is also what i was thinking of the e-wallet are now very common in my country AtM cards machines is everywhere so maybe the future is cashless, crypto wallet is also growing so rapidly and most of the play to earn gaming uses crypto wallet which makes it more popular together with crypto.

[Rengga Jati]

Honestly speaking, dude, I'm just a little sad because I don't have much budget to buy top altcoins that are cheap now. This is still a good time for me to buy altcoins that I've been saving, and the price has dropped even more now.

If you have enough altcoins on your wallets, I think you don't need to be greedy. Everyone must expect to buy more but not every one can buy again. I also have no money to collect more top altcoins, I just focus on my existing altcoins on wallets. For the next cycle, you are better to do DCA if you want to keep buying gradually. In this way, we can have the chance to buy more although we have limited funds.

That's why I hope next week the price of the cryptos I'm doing with DCA will still be low, but cryptocurrency really helps a lot in my life right now, to be honest.

You have done DCA, right? I guess you have quite good number of altcoins on your wallets.
If you choose top altcoins, no doubt the prices of the altcoins will increase again. Just wait for the next pump of Bitcoin, mostly the altcoins follow the price of Bitcoin.

I've been here for a couple of years and this time doing trade is not that good at the moment, and that's the life of a traders there's a time you can earn and there's a time that are not.

Couple of years? I guess you have been in crypto for many years.
Trading can be good at any time, but it depends on our trading style and the strategy. If the market looks hard to increase, you don't set a too high target for profits. Adjust the target with the current market condition. 

[Noel26]

It has a big impact but only the people who use it can feel its impact and its excitement, the people who invest and trade to earn or play a game to earn crypto and convert into fiat the people who do buy and sell etc., they already feel the impact but to those who didn't even know it will not see or even feel the big impact.

[Jamal Aezaz]

It has a big impact but only the people who use it can feel its impact and its excitement, the people who invest and trade to earn or play a game to earn crypto and convert into fiat the people who do buy and sell etc., they already feel the impact but to those who didn't even know it will not see or even feel the big impact.

People who are earning a good amount of money from crypto are familiar with how crypto has changed their life and how it makes their life easy but those who don't understand crypto and are not earning through it will not understand its value so it's a matter of preference and experience.

If someone is not involved in crypto then he cannot realize the effect of crypto therefore it is necessary to ask its value from only those individuals who are a part of it otherwise you will not find a satisfied answer. Those who are educated are making a good sum of money through crypto investment, trading, etc so it is obvious that people with little income can find a new way of earning through crypto due to which they can increase their income and crypto will have positive impacts on their lives.