Crypto: In Your Personal Finance
I always look at crypto (and most specifically alt coins) as an important tool in my personal finance journey due to the fact that it's advent gives people like me the opportunities to be early adopters. Why is early adopting really important? It is important because many considers bitcoin to be a lost cause due to the fact that they're the ones who had the opportunity to adopt crypto via BTC.
But, they didn't and have watched how it's significantly taken thousands of stride, gaining more than it has actually lost over the years. Now, what would have early adopting done for them? Firstly, it'll help them understand how voluminous Crypto is, they'll get to understand what alt coins are through their interactions with wallets another thing is, people who are into crypto tends to seek like-minded individuals and this is to share knowledge.
They'll get to also dive into other projects, including keeping abreast with futuristic crypto projects that can be life changing. As far as Crypto is concerned, many only knows bitcoin and this knowledge gets staler by the day, why is this so? This is because Crypto is dynamic, having a vivid knowledge of it can significantly change the life of a person, a business, an entrepreneur or even joint ventures.
Over the years, people came into crypto due to BTC, nowadays, people are coming in through different Crypto projects, firstly acclimatizing themselves with these projects, building some financial standings with them, before even being presented with the opportunity to see bitcoin as an investment opportunity. The reason is because so many Alts have projects that come with unbelievable use cases, and use cases are important to raise an aspect of value
When I say Crypto is dynamic it means that it's moving, knowledge grows on knowledge and people build on their experiences to become better seasoned. These knowledges are what a some others transforms into real-time value especially in the aspects of generating passive income, transforming it (crypto) into their own customized bank, empowering or even tokenizing a project, a real-time business.
Empowering themselves rather than putting up a GoFundMe to generate income for numerous ventures. Crypto makes people smarter more than theoretical economics, taught at colleges or schools. This is because with Crypto, you're not dealing with theories but real-time situations that has to deal with decision that might make or mar, not just one, but influence their personal expenditures overtime.
For people who are personally involved with crypto, most of their real life is often decided by the upward or downward movement of prices. They're generally thinking differently from non-crypto individuals. Someone into Crypto might have $5000 and instead of buying maybe a landed property or a car with it, or even put it in a commercial bank to general a tiny amount of profit, they'll chose to buy Crypto at the expense of all these.
A non-crypto individual would see this as being foolhardy, but this is what Crypto does to you, it fine-tunes your reasoning to a particular extent, it eats deep into your personal finance decision-making. To some, it might give them that greed, for some others, that long-term vibes, building wealth rather gradually and slowly. However it is, that revitalized knowledge is often futuristic. The way people are financially inclined currently would be different in the future, but with Crypto, many are already living in this "future"
This means that we're not seeing how technically inclined and different we are. So many cannot compare who they were before crypto and who they currently are. Crypto is an industry on its own that kills would overshadow many world industries, because it cares about giving each individual that extra opportunity to change their lives.
People would ignore formal institution when Crypto reaches a certain peak due to the information and knowledge it can instill. This is why many governments are scared of mass adoption, opting for regulations or outright ban. Nevertheless, the knowledge alone and the exposure educates people even better and gives them the freedom, they need.
Interested in some more of my works?
Circumstance Or Self Induced: How Do We Generally Lose People?
Financial Literacy For Beginners & The "Unaware"
Rusty Songs_ (An Original Poetry)
Lessons To Learn As A Potential Nigerian Migrating To Another Country.
Buying Education; Missing Out On Knowledge (Ignoring The internet As An Important Learning Tool) [Part 2]
How Not To Be A Bad Content Creator.
My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
@Josediccus, your brother-in-pen & heart
I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog
Posted Using LeoFinance Beta
