Cryptocurrency is not about getting Rich Quick, Passive Income is Where it's at

in LeoFinancelast month

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My friends or colleagues who know that I am into crypto in some form or another often ask me jokingly if I'm a millionaire yet. I jokingly reply "not yet". But in the back of my mind I know that this scenario is far off. Besides having a few strokes of luck in trading or having a large amount of initial capital, it's not that easy to become a millionaire in the known sense, that is in the common strong fiat currencies like the USD. The better approach is to slowly but surely build up an income stream, which generates completely on its own.

I personally don't need to be a millionaire, all I need is to be financially independent. Literally sitting on my ass and making money, or better yet sleeping and making money. That would be enough to not be dependent on a job with a fixed monthly income. Cryptocurrencies provide just those opportunities which you can get into with little to no initial funds, and build up from there. Eventually those passively flowing funds will give you the necessary opportunity to take riskier steps, trades and THEN maybe become that proverbial millionaire.

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yes passive income is way better than quick profit

I'm a millionaire yet

the day will come and they will be quiet that day 😂

!ENGAGE 10

!giphy enjoy

Let's just hope that day comes before I become too elderly to really enjoy it. xD

!ENGAGE

There has already been too much ENGAGE today.

You speak the truth, that deserves a slice of !PIZZA

Eythorphoto!

@rarej! I sent you a slice of $PIZZA on behalf of @eythorphoto.

Did you know PIZZA has a very active community Discord? (2/20)

Pizza and !BEER all around!

You need to stake more BEER (24 staked BEER allows you to call BEER one time per day)

Passive investment is more like it. I haven't cashed out anything, just traded to btc during pumps, then traded back into hive during drops :-D

True, I'm doing something similar, but more with ETH and DOT instead of BTC. Even if I wanted to cash out, my countries backwards digital payment situation doesn't allow for it, yet.

!BEER

I think a lot of countries don't make it easy. Even if there is payment methods available, reporting taxes is a nightmare too. So I'm just trying to grow my Hive vote so I can keep good people around and build projects.

From the creation of username onwards, you were always destined for greatness. xD

!BEER


Hey @selfhelp4trolls, here is a little bit of BEER from @rarej for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.


Hey @selfhelp4trolls, here is a little bit of BEER from @rarej for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

Enjoy !PIZZA !BBH


Posted via ReggaeJahm | Reggae Culture Rewarded

!BEER

@rarej! I sent you a slice of $PIZZA on behalf of @andy4475.

Did you know PIZZA has a very active community Discord? (1/10)


Hey @andy4475, here is a little bit of BEER from @rarej for you. Enjoy it!

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