Passive Income each Day Keeps the Anxiety of Cryptocurrency Away
Those who get into crypto, know the game is complex. Whether it be trading, long term investing or simply participating in any of the blockchain enabled use cases, such as Hive. There is a certain strategy to be held up to par, or else you might have a bad time. This means that every ticking second one feels the need to make a move, approve a trade, do something. The creep of opportunity cost can become intense, enhanced by the absence of one's profit fix. Anxiety hits its peak and the mental stress becomes obvious.
That is, until you learn of passive income and the regenerating power it has over this anxiety. I've noticed for myself that the more I increase my daily automatic income, the less I feel the need to make constant moves, as the moves are essentially being made for me. Achieving this is possible in many ways. There are quite a few Proof of Stake cryptos out there, NEO or ADA come to mind. And even here on Hive, passive income options are prevalent. From blockchain games, to miner tokens, to index tokens, or even just lending out your Hive Power, the Hive ecosystem is a wonderful place.
Be aware of the power of passive income, and even you might stress a little bit less about how you will make profits from cryptocurrency.
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I have a problem with "overthinking" when it comes to working with cryptocurrencies... For example, I find an interesting project that can create a nice passive income down the line... I invest in it, or I build my stake there to make it self-sustainable... At a certain point in time it "works for itself" and it doesn't need to be adjusted, changed, or anything similar... The only thing that it needs is monitoring here and there...
But, not... I poke around, sell part of it, buy it again, etc... lol... It's the freakin' PASSIVE income... That means that we don't have to poke around every day...
Anyways, I'm doing better lately and try to MOVE on to the next project when one is established and make some money...
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Lol, I get what you mean, I've been tempted many times to sell some of the dividend tokens here that don't require staking like INDEX or BRO when they are peaking. Just to buy back later. In hindsight, those would have been good moves.
Passive income is indeed a great relief for the FUD and anxiety faced in the crypto verse. Glad to be on hive and raking those divs from them income tokens. Thanks for the insight on the neo band Ada POS, will be checking them out.
NEO is definitely a solid one. And ETH will be too once staking is possible.