How are you using your income from the crypto market?

[KryptoBull]

The cryptocurrency market boasts immense potential, evident in its burgeoning market capitalization, soaring from $800 billion to $1.68 trillion in just 13 months^[1]. This remarkable growth, particularly in Bitcoin's price outpacing gold, the Dow Jones Industrial Average (DJIA), and the S&P 500 in 2023^[2], has sparked optimism and generated substantial profits for many investors. While the majority may inevitably incur losses to fuel the success of the fortunate few, the long-term trajectory of the market remains promising. Moreover, the cryptocurrency market provides a significant source of tax revenue for governments and generates employment opportunities, including for individuals like myself, a translator.

My entry into the crypto space as a translator has enabled me to stay abreast of the latest developments and disseminate crucial information to my local crypto community. While the income may not be substantial, it provides me with a clear financial plan:

• Covering living expenses: Inflation's relentless rise necessitates additional funds to maintain a comfortable livelihood. A portion of my earnings goes towards everyday expenses, and sometimes, I treat my family to gifts.
• DCA Bitcoin during crypto winter: The remaining income has been allocated towards dollar-cost averaging (DCA) Bitcoin during the recent crypto winter. As the bull run is anticipated to commence in the third quarter of this year, triggering an electrifying crypto summer, I plan to switch my DCA strategy to altcoins.

While I cannot guarantee future riches through crypto, my current wwork and income provide temporary satisfaction and alleviate financial strain.

I invite you to share your thoughts on the following questions:

• What role do you play in the crypto market?
• How do you utilize your income or profits from the crypto market?
• Are you content with your current income or profits?

Your insights are invaluable to fostering a vibrant and informed crypto ecosystem.

References:
[1] Global Live Cryptocurrency Charts & Market Data
[2] Crypto vs. S&P 500 Performance in 2023

[MrSpasybo]

• What role do you play in the crypto market?
• How do you utilize your income or profits from the crypto market?
• Are you content with your current income or profits?

First of all, congratulations on having an income from a job in this crypto market 🎉

1. In this market I am a community supporter, a technical analyst, a trader and also a translator. I think I will be able to become a Dev or a trading knowledge teacher in the future.
2. I only withdrew part of the profit to buy a laptop for work, the rest was still reinvested in this potential market.
3. I am not satisfied with my current income, because I missed many better profit-taking opportunities in the past. Hope 2025 will be an opportunity for me to test my trading methods and make high profits.

[Litzki1990]

I came into the market and invested in Bitcoin and held that investment for a long time and until now I have been investing consistently. Apart from investing in Bitcoin I am involved in regular canning and I am trading regularly for small profit. Since my target is to make a small amount of money, I can easily do two or three trades per day. Some days it may be seen that the market does not match with my analysis, due to which if I buy any coin, when the market comes down again, I have to wait for some time to recover the loss. But if we wait for the loss to be recovered then of course the loss is recovered. I don't see the profit and loss of investment but I spend for my family based on the amount of money I make daily or weekly in trading.

[hugeblack]

I still have some Bitcoin that I bought in 2017-2018, but during the last year I did not buy more. Most of my profits from cryptocurrencies went to pay part of the costs of my master’s studies, and I do not currently plan to spend any money, so most of my spending on cryptocurrencies is zero or in the range of $100 monthly.

Each of us has a unique experience, so sharing others’ stories may not be useful, especially since the forum represents users from several countries, and our ideas, our societies, and our definition of rich, poor, money, and average income may be very different.

[MUGNIA]

• What role do you play in the crypto market?
• How do you utilize your income or profits from the crypto market?
• Are you content with your current income or profits?

1. I don't have any role in the crypto world, I do everything from trading to being a bounty hunter on forums, because I first got to know crypto as a bounty hunter
2. The profits I get, I use to meet my household needs, and buy a little for my personal needs.
3. Asked whether I was satisfied or not satisfied, I was definitely satisfied with my dicrypto income, where the financial freedom I felt from less to enough was real.

[Nheer]

• What role do you play in the crypto market?
• How do you utilize your income or profits from the crypto market?
• Are you content with your current income or profits?

What role do you play in the crypto market? I wouldn’t say I play much role in the crypto market, i am merely an investor who invests in bitcoin and altcoins so i am don’t play any serious role. I think programmers and developers are those that play a bigger role here. Aside being an investor the only role i play is try to impact knowledge on others on this forum and Bitcointalk. I have learned a lot since joining the crypto space last year and i am happy to be sharing my knowledge and expertise with others who are willing to learn.

How do I utilize my crypto profits and income?
As we all know crypto is a risky investment with ups and downs and as a long term investor i wouldn’t say i have gained much profit but i can boldly say since joining the crypto community i am able to cater for my needs and live on my own ever since. I have been able to purchase things I can’t afford before but mostly I channel my some of my crypto earnings into physical investments and set aside some percentage from signature earnings into crypto investment.


Of course i am contented with my current earnings and investments but still working to grow bigger.

[Captain Corporate]

Honestly it feels like we do not really really need to consider being a big part of it. I believe that we need to consider just being a small cog in a big machine and sometimes we should  definitely be proud of the aituation as much as possible. I personally make my income from working for it and not trading but even my trading income is as important as we can. That is always the most important part, trying to grow as much as possible, that is our future because it would mean that we would have a better time to retire in the long run and get a lot better eventually. I hope that we could get a lot better one way or another and retire rich, that is my goal to achieve one day.

[Dr.Bitcoin_Strange]

While I cannot guarantee future riches through crypto, my current wwork and income provide temporary satisfaction and alleviate financial strain.

I invite you to share your thoughts on the following questions:

• What role do you play in the crypto market?
• How do you utilize your income or profits from the crypto market?
• Are you content with your current income or profits?

Your insights are invaluable to fostering a vibrant and informed crypto ecosystem.

Well, cryptocurrency investment is one of the simplest and least stressful investments that I have ever been aware of, and its decentralized system of operation makes it more unique for me. For example, if I want to go to a bank or a company to make an investment, I will be required to submit some documents and my identity will be captured, but if it's investing in cryptocurrency, I can do it in my house without stress.

The profit I have made from Bitcoin and a few altcoins has helped me to foot some important bills and also solve some financial needs that have arisen since then. Even in my business, the volatile nature of Bitcoin has helped me to be in great profit too.

The role I play in the crypto market is that I accept Bitcoin and other cryptocurrency as a means of payment in my business, and it has helped me introduce a few people to cryptocurrency.

[sampoerna]

What role do you play in the crypto market?

I was a trader, no, was a novice trader. However, I am really aware that I am not that good at analyzing the market or that good at studying mechanisms, strategies and analytical techniques in trading. That's why I stopped trading for a long time and preferred holding. So for now it could be said that I am a long-term holder, but within the limits of certain targets that I want to achieve.
However, sometimes I also become a short-term holder for certain reasons. However, this is not something that is regular, only at certain times and orders.

How do you utilize your income or profits from the crypto market?

I sometimes use short-term results or profits to increase my income when I need urgent costs for something in the offline world. and that's only a small percentage because my focus is on long-term holding. but when I really need a lot of money and I need to cash in my assets, I do it. it's not something regular. Usually I would be more inclined to switch it to Bitcoin or certain coins or just Stable coins.

Are you content with your current income or profits?

So far it's pretty good, but it really needs to be improved because after all we definitely have certain targets. but yes, we really have to be grateful for the results we have gotten so far, because after all this is definitely enough to help us

[DrBeer]

1. investments, project participant (technical specialist), sometimes - trade
2. most of the income is reinvested in cryptocurrency - accumulation, partially, if necessary, I use it for real life. The largest "withdrawal" from cryptocurrencies - buying and securing a new apartment.
3. I consider the income to be good, especially with diversification and reinvestment

[Zed0X]

1. Nothing too fancy. Just some regular guy involved in crypto.
2. I guess it's like many others in crypto. Some regular bills here and there, devices used for generating more active income, and cheap tangible assets that could be passed down for generations.
3. It's alright.

[Don Pedro Dinero]

I invite you to share your thoughts on the following questions:

• What role do you play in the crypto market?
• How do you utilize your income or profits from the crypto market?
• Are you content with your current income or profits?

1. Simple participant role in forums and bitcoin holder.
2. I spend it. I do DCA (periodic purchase and hold) but the income I receive for participating in forums I spend it.
3. Not bad, especially considering that it is an extra for doing an activity that I did before and didn't get paid for anyway. But I wouldn't mind if it was higher.

[Rikafip]

What role do you play in the crypto market?

Mostly buying (using DCA method), sometimes selling. But first and foremost I see myself as a hodler.

How do you utilize your income or profits from the crypto market?

I managed to afford somethings I didn't think I will be able to, and managed to help people around me.

Are you content with your current income or profits?

Could it be better". Of course. Could it be much worse" definitely! Overall, I am satisfied with how much I profited so far, even though it could have been much better since Its been a very long time since I started my crypto adventure (late 2013).

[lepbagong]

Currently, there is nothing that can be obtained from the crypto market that can create something extraordinary. currently trying to continue to save the bounty proceeds for investment and not use them, but also not trying to increase capital from existing funds. Clearly,  this method does not maximise what can be obtained from the investment, but it does not rule out the possibility of adding funds if it is already in time.

[Mr. Magkaisa]

        -   Right now, it is quite helpful that I somehow earn from crypto trading. Although it is a small amount, it is enough to pay my bills every month for prime commodities, bills, and other expenses for my family.

So the trading that I do in this field of the cryptocurrency industry is very helpful. Especially if the coin I'm trading is very volatile in the market, it's nice to be together. And when I have a profit, I get half of it, and I also reinvest it in crypto assets.