My Current Non-Existent Dependency on Cryptocurrency || And why I'm OK with That

in LeoFinance3 years ago

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Many people improve their life daily with the extra income they receive from cryptocurrencies, whether it be dividends, trading profits or even Hive payouts, and they are already living in the future. Some are even lucky enough to completely be dependent on their decentralized funds. This is a clear example of the power of decentralization and the corrupt influence of middlemen not being in the picture to take a large cut for themselves. Those in the ecosystem are enabled to earn without having to jump through bureaucratic hoops. Of course this means that criminals have the same benefits with cryptocurrency, a well known downside of the kind of freedom we are given with blockchain. But one could argue that the good outweighs the bad, and that the opportunities for the unbankables are immense.

And then there's me, living in Suriname, a developing country just barely catching up to technology around the world. Its not often that I can walk down the street here and mention blockchain to a random stranger expecting to have a conversation. This technological maturity level ripples to other services as well. Or better said, the lack of certain services, services associated with cryptocurrency. Would I want to live of of my crypto earnings, or at least subsidize some of my expenses, there are very few efficient ways of going from crypto to fiat. Let alone paying for things with crypto itself. I've made peace with this though. Knowing my current situation, anything I do in the decentralized world is to benefit my future self. Somewhere along the way the funds I have build up will be available to me through provided services. Meanwhile I continue to build my cryptocurrency empire for a better tomorrow.

How do you manage your portfolio?

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When I started my crypto journey for the second (or third) time 4 years ago, I had a similar view as you... To accumulate as much as possible and try to build up crypto income over time... As I didn't invest some crazy amount of money during this, I'm currently on maybe 40-50% monthly earnings that I need for "normal living"... It's not something spectacular, but it's a good example that it's possible to do it!

I think that some people from Venezuela can completely live by their crypto earnings... It depends a lot on place of living, too...


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That's the eventual goal, to at least subsidize my way of living.
Venezuela is a good example of the power of cryptocurrency, most people there can unfortunately not survive on normal wage, possibly earning more than their monthly salary with one Hive post.

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It's a matter of time before cryptocurrency and it's underlying technology get across every country .Over at my end it's yet to fully catch up.

Great way to go with you stacking up for the future. While I convert to fiat occasionally due to the standard of living over here, I also pile up majority for the future.

I see a very bright future with cryptocurrency and blockchain. Wouldn't want to miss out from what it holds


Posted via proofofbrain.io

The technology is here to stay. The currencies might be a different story, but I am more than hopeful.

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You are thinking ahead, which is very important. We are still very early in the game of crypto and defi so it's natural that it takes longer to get to some places than others, but ultimately everyone is going to be involved and those who are already building the foundations of their future will have a great edge.

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Exactly. Once blockchain is more mainstream, my foundation will already be stable and strong. :)

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