Can you achieve financial freedom by giving up your job and devoting yourself to the cryptocurrency industry?
This idea is too naive. There are great risks in devoting yourself to the cryptocurrency industry full-time.
In fact, the cryptocurrency industry is more suitable for operating as a sideline. There are two possible results of entering the cryptocurrency industry full-time:
1. Even if you are lucky, you may lose all your money due to a mistake.
2. If you are unlucky enough to encounter a market crash or policy changes, you may even face legal risks and end up in jail.
At present, the cryptocurrency industry has not yet provided a stable source of income. The web3 world you are looking forward to may just be a cover for some people to induce you to engage in illegal activities in Southeast Asia. Therefore, be sure to act with caution.
Some people may say, "I can make money by speculating in cryptocurrencies full-time." But please don't be blinded by temporary profits.
There are four main ways to make money in the cryptocurrency industry: issuing coins, stealing money, contract trading, and hoarding coins. However, each method has its own insurmountable threshold:
Issuing coins requires strong strength and background; stealing money depends entirely on luck; contract trading is extremely risky and may cause the principal to return to zero; hoarding coins requires great patience and funds.
Before you have a deep understanding of the cryptocurrency world, it is not recommended to invest blindly full-time. For most people, the cryptocurrency world is more suitable for part-time or sideline operations.
Don't take an accidental speculative success as your investment ability, which may put you in a deeper quagmire. Many people who are keen on short-term contract trading, chasing hot spots and 100-fold coins eventually become victims of scammers.
The best way to participate in web3 is to combine online currency hoarding with offline work. Please remember that the underlying logic of society is "earning money by working" rather than "earning money by gambling." Please keep a clear mind and be cautious about cryptocurrency investment
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