'Having money generates more money' is one of the traditional saying. When you have some cash, you have the abilities to invest it in something to generate more. A weird principle but this is unfortunately the way the world works.
In crypto this is even much more the case and especially when the market is slow these are the perfect moments to make this happen.
Pixabay
In traditional bank accounts it feels like all interest rates are closer to zero or even negative at the moment. In crypto this fees like a weird thing. On a traditional bank if you have your USD there currently a 0.1% interest will be heading towards your way, while for instance with Binance (yes this is my referral link) when you stack you USDT there you will receive interest of 7% every day you have it there. 7%?? Say whut!
Does this mean it is safe to leave you funds in an exchange? No that is never a good idea. But what I am saying that if 'lives' there for a couple of days while you are trading your goods then this is generating funds. More than any traditional funds are doing.
Airdrops and Hive
And I am not even talking about airdrops that have occured over the day. This something traditional systems will hardly ever understand, but airdrops have created so much funding to people who are just using their systems. Whether if this is getting $LOOKS from when you have used Opensea for your NFT sales, which gives you a part of the daily transaction fees, or if this Kucoin where holding your Kucoin shares also gives you a part of the fees per day. Making money in crypto land is just really easy.
Having your Hive staked and receiving curation awards when you have an autovoter on, or leaving your HBD in the savings account. Receiving SPS when you own Splinterlands cards. There are just a number of ways to receive funds while not doing anything for it.
Ofcourse all of these methods work on how much you have in there. If you have millions, your daily income will be a lot larger ofcourse, but that is with everything. When you are trading with large amounts, you have the option to receive large amounts.
But when you are the average Joe like I am (okay Karin in my case, not 'Karen' I-want-to-speak-to-your-manager), and you hussle with your crypto funds which you all made from blogging and gaming these amounts are not that significant. But they are funds, and they do increase
You just have to make the crypto work for you. And that is what we do when times are slow. We increase the stacks and sell when the price is high. That is how markets (should) work.