Is it possible to live 100% from crypto earnings?

avatar
(Edited)

Not too long ago I decided to live 100% from my crypto earnings. I also have a few income sources from other business like Airbnb and I also help my wife to manage her illustration and design business, but most of my earnings come from HIVE and a few other crypto projects.

covercryptoearnings.jpg

We know that at the moment it's not the best time to sell coins like HIVE, the price is too low. This also means that votes are not worth a lot of money and also curation rewards are not very big. Saying that I still believe that it's a great time to create content and to build on HIVE.

With my current activity on LEO I have seen my rewards go up on both coins. I have managed to accumulate more than 2,700 LEO in LP but I decided to make a power down of only one week and I sold about 700 LEO. 50% of that I used it to power up some HIVE on my curation account called @aliento, on that account we plan to curate HIVE content, make initiatives and also make tutorials and support HIVE users.

alientologo.PNG

I'm managing this account with my wife @grisvisa and some other few friends like @shadowmyst and @madefrance. We currently have all of our Hive Power delegated to that account and on my this account I'm focusing on LeoFinance.

I'm a witness that it's possible to make a living out of crypto. Of course, this is not easy and I believe that we should have a balance. Some of us can't keep all that we earn, because sometimes we don't have other strong income sources to cover our expenses. We are on a process to build more income streams, so we can keep most of the crypto. But I also believe that we should not sell all that we earn. I have seen some accounts that have very good earnings, they have been creating content for several months and even years, and they have only about 300 HivePower.

hivelogo.png

I have to say that one of the main reasons I can live from my crypto earnings it's because I have a job inside of HIVE as an assistant. I'm lucky enough to work with one of the biggest investors of HIVE and I could say one of the most influential users too. This is the reason why I can keep doing this full time, I have a great responsibility and I'm happy that with it, I can help a lot of users. Even before I knew I was going to be able to work on this activity I set up my mind to live from crypto and I haven't looked back.

Answering the question on the title I can say that yes, it is possible. With the current prices I think that it is more difficult, if HIVE was around 1 dollars or even 2 dollars I think that more people would have the possibility to achieve that.

Main Image Source

Posted Using LeoFinance Beta



0
0
0.000
33 comments
avatar

yep you can easily live, if you are a good trader or have a keen eye for new emerging coins.

From platforms like Hive/Leo for example if you earn some decent rewards like let's say 10$ on each post and you are from a poor country then your life can change a lot! For instance i am from Greece a country that let's say is on a medium state. The basic salary is close to 600 euro, so with the current prices i can't live for sure :P

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yes, it depends on a lot of where you live. And even if it's not 100% it can definitely help.

I forgot to mention trading, personally I've tried it and I don't like it a lot, I believe it needs a lot of skill and good emotions. Maybe in the future when I can set aside some funds I will try again, with more knowledge and better tools.

Posted Using LeoFinance Beta

0
0
0.000
avatar

personally I've tried it and I don't like it a lot, I believe it needs a lot of skill and good emotions.

i feel you, i belong to the same category!

Posted Using LeoFinance Beta

0
0
0.000
avatar

Of course, you could live off the crypto world, as long as you have a large number of cryptocurrencies stored.

For example, since I started my account in Hive about 40 days ago I have accumulated 226 Hive POWER and I have not taken or sold a penny of my earnings.

Since I hope in the next 2 or 3 years to live in this world, just as Youtubers do today around the world.

But for that we must promote the platform and make its development and success arrive and last for many years.

It's not worth just being here for 3 or 4 years and then everything disappears. I deeply believe that we must build strong foundations for the future and make those promises and visions of a great future on the Hive blockchain real.

I have seen how many users have received very large profits and have only invested 25% in their HP and the rest they sell or exchange for BTC. Sure, many users spend their earnings on food and that is not bad, but it is important to invest in the platform and our future.

We must see what will happen in the next few years and have the ability to take this to the next level.

0
0
0.000
avatar

Congratulations! You are growing very fast!

And that's the dilemma if someone invests all their time here they will need to sell to buy the basics, unless they have other income sources.

In our case as we mentioned we like to have a balance, we power up most of the winnings and when we need money we sell to buy some to buy food, medicine and pay for services. With HIVE, we have bought some tools that have made helped us improve our content.

Thank you for your comment.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yes, of course, in that part you are very right.

Wow I know it has nothing to do with your post but I would like to get rewards like yours, in 30 minutes you already have $ 8 of reward and that is great.

Hahaha I hope to achieve that one day here.

0
0
0.000
avatar

I did it for a little bit this summer to see if it could be done. As a student in an area where many don't wear masks, may have to again if something isn't done concerning the stimulus soon. The good thing is that after dipping into my coins, I was able to completely replenish my acount (and then some) when funding resumed and is what would happen again should the need arise.

What I've learned is that the larger your stash, the less you need to disturb of it when needed. Let's hope Congress does the right thing next week to support long-suffering American citizens, so that we can all get through this deadly pandemic.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I understand, let's hope everything turns out good.

The pandemic really affecting a lot of people in many ways.

Thank you for your comment.

Posted Using LeoFinance Beta

0
0
0.000
avatar

We have to be persistent and keep accumulating crypts when the price is low, I still try to live from pure crypts (and from my web pages) and with it create future projects that advance in the web 3.0.

We have many things to do @eddiespino, but I know we are forming a good team

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yes! There's a lot of opportunities and room to grow! Thank you for being my crypto buddy!

Posted Using LeoFinance Beta

0
0
0.000
avatar

I've never tried but I think it's possible when you have a considerable portfolio and earning enough.
Starting from scratch and hoping you can pay the bills next month is a dream though 🙂
So one day .... When we've gotten enough.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yes, it definitely takes time. In my case it took two and a half years and also my expenses are not very big.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Tengo la absoluta seguridad de que se puede vivir de las criptomonedas. Pero no es sencillo lograrlo, incluso podrías tardar años en encontrarle la vuelta pero mientras persistas estarás más cerca de lograrlo. Si el precio del Hive subiera, podría decirse que estaríamos muy cerca de lograrlo. Aquí en Argentina nuestra moneda nacional está devaluada por lo que obtener dólares es muy conveniente porque tenemos distintos tipos de dolar y en la venta a través del P2P toman un valor mayor al oficial. Así que es la mejor alternativa sumergirse en este gran océano o mejor dicho una gran colmena donde nuestra casa se llama Hive.

Tenemos que trabajar mucho para lograr que se adquiera el valor esperado, nosotros podemos lograrlo.

0
0
0.000
avatar

Así es, no es sencillo, pero es posible. Como mencioné, lo mejor es tener varias fuentes de ingresos y con el tiempo cuando las monedas suban de valor será posible vivir solo de esto.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Now, I am earning and saving Cryptocurrencies. I don't sell them to use my expenses. For my daily life expenses, I am just working normal job.
I seem that I can live with 100% Crypto earning if the price of HIVE and LEO become 2 USD$.

Posted Using LeoFinance Beta

0
0
0.000
avatar

So, more the price go down less the rewards?? Well, we will see the difference when price get bullish.

Good you are already 100% in the blockchain.

Posted Using LeoFinance Beta

0
0
0.000
avatar

You can imagine to have a life of crypto, if you could get a good return. In case of Hive if you get a decent reward on your post and if you mKe a post daily than life would be more smoother....but if you trading in crypto and doesn't have much Insight than, life would be difficult...

0
0
0.000
avatar

I think it's possible to live 100% off crypto. Hive has created many opportunities to earn and so many dapps springing up.

The new staking rave in crypto world is another way to earn passive income.

0
0
0.000
avatar

There are new and exciting ways to earn crypto. I have plans to develop more passive income streams.

Posted Using LeoFinance Beta

0
0
0.000
avatar

That's my goal for sure.

Right now, I'm in accumulation mode because at 12 cents, it's pretty tough to support a family on 5-10 bucks a post LOL

But if this token moons, and all the other projects within the eco-system grow, down the road I can see it being a dream realized for so many people.

Until then...Build. Curate. Engage. And create!

Posted Using LeoFinance Beta

0
0
0.000
avatar

I agree with you! It's a great time to accumulate and I'm certain that all our efforts will pay off in some months/years. I remember that one day I put out the thought of some time in the future being able to live with 1 HIVE a day. For me, HIVE would have to be around 7 or 8 dollars, for some it would have to be higher than that.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Great perspective into moving from a regular job to ensure a living just out of cryptocurrencies. I am building myself towards that, but the income from the crypto space is at most 20% as I am gaining from my job so it is a long journey to reach that. And the crypto market is quite volatile, you really need to position yourself very high if it is to make it also in harsh time. With that in mind, don't quit your job, but put the work to get a crypto future!

Posted Using LeoFinance Beta

0
0
0.000
avatar

while you're so focused , responsible and a hard working guy , you will take the best from
it bro , i'm sure man can live from
crypto earnings , i always went beyond my profession being open to new chances !

Posted Using LeoFinance Beta

0
0
0.000
avatar

Hmm.. My dream is to be able to live off Hive maybe probably in the future but presently, my goal is to have a very large stake before Hive pumps to around $1. I started being active with this account last year june 2018 and presently, I have a stake of 8000 Hive Power. That's because I went as far to squeeze from my pockets to buy Hive little by little. Although when I am seriously in need of money with no where else to turn to, that's when I take from Hive.

0
0
0.000
avatar

I see, having a good stake is helpful. Currently, I'm earning more HIVE with @aliento doing curations than creating content with that account. I'm making around 100 HIVE a week; I have to send around 25 to the delegators, and the rest is mine. I'm trying to buy HIVE instead of powering down or using the author rewards.

Posted Using LeoFinance Beta

0
0
0.000