Posts

Would You Liquidate Your Crypto Assets To Migrate?

avatar of @joetunex
25
@joetunex
·
·
0 views
·
2 min read

Globally life is becoming more about going where you are treated better, when I say "better" I mean security in terms of safety, less crime rate, efficient service delivery, and a less corrupt society even though there will always be corrupt practices one way or the other, conducive working conditions amongst other factors one would wish for when compared to our respective current place of residence and of course, a friendly cryptocurrency nation will be better.

I mentioned conducive working conditions above, the reason being it is an aspect that is currently affecting me the most. Being a Radio Frequency (Telecommunication) Technician, the last five years have developed into unfavorable working terms and conditions since the Chinese (Huawei) took over as the leading Telecom infrastructure provider in South Africa. The conditions in place have caused some subcontractors to liquidate due to late payment from Huawei, till date am I owed $1373 for projects I completed over a year for one and the other ten months ago. For me, Telecoms is no longer worth a career holding onto in SA which has got me seeking opportunities overseas.

Job opportunities overseas don't come easy either there is a cost involved. This brings me to the question, would you be willing to liquidate your cryptocurrency assets should you be in a similar situation to me?
To answer the question it might help to look at the top 10 countries of choice for work.

Above is data complied by BCG, 2020 shows Canada ranked the first over the States. Australia, Canada, and New Zealand have always interested me, for some reason am just not keen on Europe or the States.
It is interesting seeing Japan in sixth place, there must be some good reason economic reason for that.

Back to the question, and from the above data we could be looking at +- $10 000 to migrate to any of these countries should a job opportunity arise. For someone like me who does not have such an amount of money lying around, the only place to look at is my cryptocurrency holdings which if I have to answer the question. I won't liquidate my assets for migrating because firstly am trying to exit the rat race so liquidating my assets to go embark on a rat race in another country isn't a bright idea for me unless I have to fund my travel expenses with maximum 30% of my investments, that way the chances of catching up if I ever will is better.

Migrating is not easy, from experience things might not go as planned, and when that happens life becomes tougher than if one had remained home finding ways for better-living things can get a lot better as well so it is an unknown situation one can't entirely be sure until the move is made.

Another factor could be the cost of living, reality sets in when these factors are considered which makes me very hopeful about digital network states.

We owe it to ourselves to make Hive great

Image by @doze

Posted Using LeoFinance Beta