It’s another day and another opportunity to chase that money, always like an endless cycle of activities where we keep doing the same thing over and over and hoping for the best. This week has had a lot of crypto investor worried, as some of them are beginning to dig into their crypto savings to survive. This is one of the times where you start wishing you never quit your fiat job to go fully into crypto. Because times like this will have you wishing you had fiat job for salary, to sustain you before the next Bull run. Last bear market I was an employee, though the payment was very small as it was not up to $70 monthly, but then, I was managing because things were not this inflated in the country.
The last bear market I was paid thirty thousand naira as my salary, then, thirty thousand naira was $83 monthly. My colleagues were paid the same, yesterday, I went to visit them and we got talking about crypto and the bear market. Then I asked them if they have gotten a raise and they said no. So last bear market we were paid thirty thousand naira worth $83, today they are still paid thirty thousand naira but it’s worth $49 today. That’s $34 off the value because of inflation and devaluation of the Nigerian Naira. Thats 40% off the value, so bad that these people can’t leave the job because they are scared of being unemployed earning nothing.
Most of these guys are also scared of crypto because they think it’s a gamble and they might lose all the money they have. But what can we do than try to be the best we can be. This is why I am always grateful to the power of the internet, money is currently online for some of us that don’t have to it offline. My dream has always been, create wealth online and use the wealth to create another wealth offline.
Online Wealth To Offline Wealth
The bear market is a moment of reflection and a moment to re-strategize. No business or investment can be started without sacrifice, if you don’t sacrifice your time, you have to sacrifice your money, some also entail sacrificing both time and money. Some people go into business as an intern, sacrificing their time for experience, that experience can help create opportunities to help create wealth.
I have the opportunity of crypto and I am about to utilize it to create wealth. We are not there yet, but this is the journey. Imagine making lots of money off crypto and investing offline like Airbnb. My sis is into an Airbnb business which she has been urging me to invest in for a long time now. This is the period I wished I had a lot of money in the past to invest. Because, the Airbnb business is one business in Nigeria that is lucrative. For some reason, lots of people are loving Airbnb more than they love hotels, may be it’s because of how comfortable and homely it is.
It takes a lot having an Airbnb apartment because you have to invest a lot in the apartment to make your guest feel really comfortable, you don’t want to have an apartment that is not comfortable for guest and this will make them give you a bad review online. This is one offline investment I am looking forward to creating wealth from.
Using The Two To Help Each Other
When I get to the level where I can comfortably use my profits off crypto to have an Airbnb apartments, this will be generating offline income for me outside crypto. This way I have successfully created a means of income offline from online. During bear markets like this, money generated offline can be used to buy the dip massively, so that when the Bull market starts again, I can take profit and invest more offline.
This is how I am trying to be the best I can be.