Significance Of Multiple Streams Of Income In Surviving The Bear Market.
The decrease in cash flow in the crypto has been pretty obvious in the past few months and unfortunately that would be our reality for most parts of the bear market. There has been a drastic reduction in the rate of sales on NFT platforms, reduction in the dollar value of payouts from post on platforms like Hive and with the current situation of global economy, this is a time of management, survival, control and planning.
Now that the crypto space isn't bringing in much cash as before and most of us have plans to buy more cryptos in anticipation for the next bull market, I've had to consider other options like putting my skills to work in the physical realm and taking up job offers. I've been depending on the crypto space for my income for a very long time now but the reality is that to invest and become quite successful in the crypto space, one can't really depend on airdrops or post payouts from platforms like Hive alone, buying of crypto would ultimately boost our chances of becoming successful with cryptos.
Besides investing in cryptos with earnings from multiple streams of income, we can also have a great life in the bear market and come out of it better than if we had just focused on cryptos as our main sources of income. It really doesn't hurt to have a side hustle which can be online or physical in times like this. They'd help us survive, pay off bills and come through for us in times of emergencies instead of selling off cryptos because it's our only option.
I'm currently involved with a company which pays just fine to have a comfortable life in the bear market, this has also been one reason I don't bother much about the bear market and all that comes with it. The bear market will definitely pass and this is really just phase, hence we have to do whatever we have to do to survive this period and not let it affect our wellbeing and lives.
