listening to this, most would say that this is impossible due to the volatility of cryptocurrencies but the truth is that there are many people who have achieved it and in this post we will see how they did it and how we can emulate that.
One of the people I like to mention the most when someone asks me if you can make money with cryptocurrencies, I mention Max Kaiser, he bought bitcoin when he was just starting out and right now he is a billionaire.
but they often tell me that he was lucky to buy when he was starting out, and it's true but not all of us can do this.
the best way to achieve financial freedom is with passive income and in crypto there are many ways but we are going to name 2 in this post:
1-staking
this form of passive income consists of blocking an amount of crypto and obtaining an annual return is the easiest and does not require as much technical knowledge.
2-yield farming
This is similar to staking but it is somewhat more complex. It consists of blocking crypto on a defi platform and obtaining crypto from the platform, thus obtaining a more variable return according to the price of crypto on the platform.
This in simple concepts does not solve the question but if we apply logic we can solve it for example I will put the country where I currently live in Colombia the minimum average income of a worker is 300 US dollars to achieve is the amount per month we divide 300 by 30 days that gives us a daily income as a result 10 US dollars per day,
It means that this amount of daily passive income is needed to achieve a salary without working and thus be able to match the salary of a worker, the best thing about this strategy is that it can be scaled to the amount you want and without much knowledge.
Without further ado, I would like you to tell me in the comments what strategy you would follow or are following to achieve financial freedom. Greetings and much prosperity to all.