11-04-2020, 02:40 PM
Remember, Investing is Passive not Active Income
<!-- SC_OFF --><div class="md"><p>I wanted to create this post to share with you guys a valuable piece of knowledge a friend of mine shared to me. </p> <p>Many of us regard investing in cryptocurrency as a form of passive income. Put your money into bitcoin and other alts, hope for the next bull cycle, and let it ride. Make your money work for you, and passively make income. Though this is a great idea in theory, many of us are not treating our investments in cryptocurrency as passive income, and here is why:</p> <p>​</p> <p>How many of you check bitcoin's price atleast 5 times a day? Does watching your portfolio move up and down hundreds of dollars keep you stimulated? How much time do you really spend looking at your portfolio? Once you answer these questions, you will realize that many of us treat our cryptocurrency investments as full time jobs. Our portfolio's, as well as other cryptocurrency prices, are always on our minds. </p> <p>I too am guilty of this behavior. Though I think of my investment in cryptocurrencies as a form of passive income, it is quite the opposite. So, I make this post to have you guys think about the time you spend in cryptocurrency. Is your investment in cryptocurrency truly passive income?</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>I wanted to create this post to share with you guys a valuable piece of knowledge a friend of mine shared to me. </p> <p>Many of us regard investing in cryptocurrency as a form of passive income. Put your money into bitcoin and other alts, hope for the next bull cycle, and let it ride. Make your money work for you, and passively make income. Though this is a great idea in theory, many of us are not treating our investments in cryptocurrency as passive income, and here is why:</p> <p>​</p> <p>How many of you check bitcoin's price atleast 5 times a day? Does watching your portfolio move up and down hundreds of dollars keep you stimulated? How much time do you really spend looking at your portfolio? Once you answer these questions, you will realize that many of us treat our cryptocurrency investments as full time jobs. Our portfolio's, as well as other cryptocurrency prices, are always on our minds. </p> <p>I too am guilty of this behavior. Though I think of my investment in cryptocurrencies as a form of passive income, it is quite the opposite. So, I make this post to have you guys think about the time you spend in cryptocurrency. Is your investment in cryptocurrency truly passive income?</p> </div><!-- SC_ON --> Kind Regards R