Crypto being mainstream can impact our life in various ways! The true power of deccentralization will be unleased if that happens. As it seems, it might take some time but in the near future the impact of these techlogies will leave us no option but to adopt them and utilize them in our everyday activities. I can not wait to see that day to arrive!
Being digitalized has its pros and cons. People getting adopted to this new technology will take time. There are several thoughts which needs to be taken care of. Since any new technology has its time of share before it gets mainstreamed. Majority of crypto users who either have been in touch of crypto (may that it be, they have made a profit or a loss from crypto) have their logics either to be in crypto or to avoid it completely! There are group of people who views crypto as a legislative scam of the century! While few see Crypto as a way of changing their path of life! You are reading one of those person's story as we speak, who befalls on the second category!
Crypto is such a sensitive topic to discuss with. Mendling with it, may cause havoc to our investment. It has happened in the past and also have happened with countless others who have lost their life savings in here. But once people gets to know how this market works I suppose a new realm gets opened for those people. I always acknowledge people who works hard and give their time in order to get some return for their efforts. May that it be in crypto or in real life.
• The Uncertainty
Stable income in crypto is quite impossible as we speak. I might be wrong or I may not be aware of such places where one can say that on a monthly basis you are obtaining this much money and that is constant like we do in our real life job. This could be one of those reasons where people gets the wrong idea about crypto. In fact it is probably one of the reason for crypto for not being taken as an income source for people. Thus hesitation and doubt starts to befall into the world of crypto.
Although there are advantages and disadvantages of how crypto generates income for us. Some people prefer it that way while some tends to just ignore the fact that there are just more than just monthly income in here. So much more than any ordinary person can think about.
In the case for crypto, the prime question that I often get asked is, about the monthly income that will be generated from the investments made in crypto! Questions such as, how much would I get from here if I invest X amount of money? What is the assurance that I will not loose my money here? What happens if any crypto looses its value like BTC has lost its 50% value? So many questions arises! Sometimes it is really difficult to deal with such questions! As the people who have spent their lives in the realm of monthly salary they do not really tend to rely on any other ways of income. Same goes for traditional business owners as well. It is quite difficult to make an ordinary people understand the core value of crypto and the tech behind it! Sometimes it feels like I am salesman and selling something to them.
All these uncertainities and questions arises possibly because we don't know what will happen at the end of the month. How much we are going to get for our efforts throughout the month! Will be worth it! Many unforeseen activities seems to cover the clouds. Making it difficult for us to decide whether or not take crypto as primary income source for thyself. Unless, you have deep pockets! Which is why probably adoption to crypto will take much more time than we are anticipating.
Bull market tends to attract new users all cross the globe. One of the reason I believe is because whatever you invest in during a bull market you tend to get profit from it. Thus crypto gets some huge lime light during those times. The opposite happens in a bear market! Which you can see for the last few months.
| Crypto Investment | Real life JOB | Real Life Business |
|---|---|---|
| Invest any amount | Invest your time | Invest your time, money, effort |
| No fixed Income | Fixed Salary | No Fixed income |
| Risks Involved | No Risk at all | Risks Involved |
| Chance of changing Lives | In your dreams/unless a white collar job | May or not happen |
| A bumpy ride | Steady life | Handle every small details and don't do mistakes |
| If Stuck with it changes happens positively | Well I know you know the answer | Most ends up with profit |
| FREEDOM | NO FREEDOM | NO FREEDOM |
I can give out so many more examples and some might like it while some might argue with that as well. But at the end of the day it is about personal preference and how crypto has impacted their life. One who has lost their life's savings in crypto, it will hurt like hell going through this post! I am sorry for that but regardless there are risks everywhere! We just need to be cautious about it and learn to be intuitive and be cautious with our money.
Let's see where crypto takes us!
What weird things you have faced/heard while explaining crypto to a friend/family/others?
