Living of crypto

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The plan for some, the dream for many is to become financially independent thanks to crypto, and while I fall in the dreamer category there are a few parts of that picture that leave a lot of questions in my head.

But first let's get something straight: for me financial independence is something that lasts a life time, if you sell some crypto and can afford to live of it a few years that's not financial independence, it's just that you can afford to take a very long vacation. Crypto must provide a steady and predictable income stream in order for money to not become a necessity and therefore become free from going to work for example. When I go to work I know that I'll get payed a certain sum of money for the time and effort I put in it, but crypto can be anything but steady or easily predictable. Sure, there are certain trends that can be identified but I would feel very uneasy if my only source of income would be crypto related.

Anything from tighter government regulations to getting rugged can leave your ass hanging in the breeze, that why I'm curious to read any good strategies for long term crypto-based financial stability. If any of you think you have some interesting ideas, or better yet, things you have already implemented that could illuminate this silly pleb, it would be very much appreciated :)

P.s: This meme was made with screenshots from the second season of The Witcher which I'm currently enjoying like all the cool kids are.

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8 comments
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I saw them advertising that show on Netflix.. is it any good?

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I'm enjoying it and the reviews are mostly positive. I like the universe and the main character a lot even thought I didn't play the game or read the books.

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Oh hell... I didn't even know there were games and books

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Crypto is still the wild west. If I had to guess, it is going to be another 20 or 30 years before the world knows what to do with it. If you are looking for income streams from crypto then that might be a bit tough. Lending, staking, or trading there isn't many other options than that.

If you are looking for ways to become financially independent or passive income, then I would suggest buy low and sell high. Use that money to buy assets that gives you cash flow. IE real estate, stocks, ETFs, etc. There is a mountain of options depending on what country you are currently in.

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My current plan is similar to your second option but I still have a long ways to go :)

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