I think one of the things that gives me a lot of mental stability is having a job. With a job, I can always decide whether I want to DCA or do something else, because stable income gives me stability in everything I do.
And I think it’s the wrong mindset to believe this will automatically make us all happy and rich.
If you look back, I had a friend in 2017, when Ethereum was at $100 and Bitcoin was at a few thousand, who stopped working because he believed everything, especially $XRP, would go to hundreds, thousands, even hundreds of thousands. Then the bear market came, and he had to start selling his Bitcoin and Ethereum. You know what happened in 2020.
I asked him what happened to his $BTC , and he told me that because he believed he didn’t have to work anymore and it was just a matter of time until it hit $100K, he started selling. And yeah, I think you should seriously consider keeping a job, not just for now. I’m not talking about the 1% who already made it. I’m talking about most people, especially in Europe.
I understand that in some regions of the world you can live on a small income and get by with a few tasks here and there, but in most countries, especially in Europe, it’s very difficult.
And the crazy part is: he had hundreds of $ETH , which he sold before DeFi summer and everything. He ended up completely out of the market.
So maybe stable income is the best thing you can have. And relying on protocols that promise stable passive income? No. That’s how you lose everything.
