Crypto: In Your Personal Finance
I always look at crypto (and most specifically alt coins) as an important tool in my personal finance journey due to the fact that it's advent gives people like me the opportunities to be early adopters. Why is early adopting really important? It is important because many considers bitcoin to be a lost cause due to the fact that they're the ones who had the opportunity to adopt crypto via BTC.
But, they didn't and have watched how it's significantly taken thousands of stride, gaining more than it has actually lost over the years. Now, what would have early adopting done for them? Firstly, it'll help them understand how voluminous Crypto is, they'll get to understand what alt coins are through their interactions with wallets another thing is, people who are into crypto tends to seek like-minded individuals and this is to share knowledge.
They'll get to also dive into other projects, including keeping abreast with futuristic crypto projects that can be life changing. As far as Crypto is concerned, many only knows bitcoin and this knowledge gets staler by the day, why is this so? This is because Crypto is dynamic, having a vivid knowledge of it can significantly change the life of a person, a business, an entrepreneur or even joint ventures.
Over the years, people came into crypto due to BTC, nowadays, people are coming in through different Crypto projects, firstly acclimatizing themselves with these projects, building some financial standings with them, before even being presented with the opportunity to see bitcoin as an investment opportunity. The reason is because so many Alts have projects that come with unbelievable use cases, and use cases are important to raise an aspect of value
When I say Crypto is dynamic it means that it's moving, knowledge grows on knowledge and people build on their experiences to become better seasoned. These knowledges are what a some others transforms into real-time value especially in the aspects of generating passive income, transforming it (crypto) into their own customized bank, empowering or even tokenizing a project, a real-time business.
Empowering themselves rather than putting up a GoFundMe to generate income for numerous ventures. Crypto makes people smarter more than theoretical economics, taught at colleges or schools. This is because with Crypto, you're not dealing with theories but real-time situations that has to deal with decision that might make or mar, not just one, but influence their personal expenditures overtime.
For people who are personally involved with crypto, most of their real life is often decided by the upward or downward movement of prices. They're generally thinking differently from non-crypto individuals. Someone into Crypto might have $5000 and instead of buying maybe a landed property or a car with it, or even put it in a commercial bank to general a tiny amount of profit, they'll chose to buy Crypto at the expense of all these.
A non-crypto individual would see this as being foolhardy, but this is what Crypto does to you, it fine-tunes your reasoning to a particular extent, it eats deep into your personal finance decision-making. To some, it might give them that greed, for some others, that long-term vibes, building wealth rather gradually and slowly. However it is, that revitalized knowledge is often futuristic. The way people are financially inclined currently would be different in the future, but with Crypto, many are already living in this "future"
This means that we're not seeing how technically inclined and different we are. So many cannot compare who they were before crypto and who they currently are. Crypto is an industry on its own that kills would overshadow many world industries, because it cares about giving each individual that extra opportunity to change their lives.
People would ignore formal institution when Crypto reaches a certain peak due to the information and knowledge it can instill. This is why many governments are scared of mass adoption, opting for regulations or outright ban. Nevertheless, the knowledge alone and the exposure educates people even better and gives them the freedom, they need.
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My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
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What you have shared is really an eye opener into the world of cypto @josediccus. Lately I made a decision of moving and buying of lands and oroierty of which the resources available aren't that much. But with this I begin to imagine why not make research and dive into the world of cypto.
Actually land too is great, I believe you're into farming? Animal husbandry so that's a plus. Nevertheless, investing on crypto might help you raise capital for your business while you can simultaneously take back the profit and invest back in crypto, it's a win-win but you might need a basic capital.
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Though I am trying all possible means to get enough capital for the farming but the money i realize from the farm produce later i spend it I think having a stable income will help so as not to touch the cypto at hand. You cam an advice @josediccus
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@josediccus I totally agree with you,the world of cryptos gives massive opportunities to get great rewards on investments...
Exactly, that's part of what I meant, thanks for stopping by
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You are welcome...i do really enjoy your videos at threespeak...keep it up..
Belief is definitely something they can't stop. If enough people get away from their control, then they can't reverse it easily. In a way, the government keeps trying to get rid of our own rights so they can just maintain the old system but eventually they can't stop it
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Yeah the old rigid system benefits the people in power, there's no way they want to change that for anything. Nevertheless, it's inevitable, they'll just keep making attempts.
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Somehow crypto is my only personal finance.
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It's the same for some other people
I believe Crypto = Financial Freedom especially if a person is willing to understand how it works, is patient with his or her growth and investments, and is risk-calculative.
Awesome perspective shared as always @josediccus.