Yesterday on my Twitter feed I read a comment and was a little dismayed as so many are missing the point. The scenario was that this guy invested $9000 dollars in a token and the comment was it was decent amount but not a retire able amount if the coin goes up 20 x. Having enough to retire is subject to everyone's expectations anyhow and believe one can never really have enough and why constantly earning via revenue streams is important.
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That comment maybe true but what the lady forgets is that many tokens offer staking like this one does and would be worth $2300 per month if that scenario played out. The initial investment paid off within 4 months and well on the way to a retirement opportunity further down the line. What would you rather have is the question as having $2300 monthly or a once off $180 000? The best scenario I see is holding the stake as you aren't losing anything and scoring the $2300 monthly. Selling your stake and putting FIAT in the bank account is not the answer as the longer you hold onto it the more you lose.
What I don't still quite understand is why everyone is thinking about selling and not the living off the earnings from the stake. Yes it is great to take profits and earn when the bull cycle happens, but what do you have once you have spent the quick and easy cash?
Surely everyone has set goals in mind for what they require and that is all good and natural, but what about tomorrow and the day after? The idea of having a steady income is I believe the true understanding of what crypto can offer.
When a bull cycle happens any old fool can make decent gains as everything seems to benefit with a positive price action. What you invest in and what you build for the future is where the true wealth is really happening. This is not for now but maybe a few years from now we will see many living off their stake and living a decent life that others could only dream about.
I think of the mindset we have on Hive as it teaches you to stake and grow your bags as we have learned to be disciplined in our approach to crypto. many could learn a thing or two just by being involved with Hive as there is so much it offers and influences the way you think long term.
There is a massive difference between how people think and believe it could be down to a lack of not understanding as the market has changed since the last bull cycle. Crypto in 2013 and 2017 has changed for the good as there are options today that were not around back then. Staking via certain projects or DeFi is the way to grow these days and those are the ones who will come out ahead of everyone else. The ones who speak of Lambos are the ones who are going to miss out as their immaturity and wanting things too quickly will leave them behind. Crypto is about patience as everything has only just started and buying luxuries is only selling yourself short for what is still to come.
Many of us see staking as the only way to go and the ultimate winner in securing financial freedom from day to day living and waiting for the monthly pay check that is never quite enough.