Crypto is on FIRE - Financial Independence, Retire Early

5 ways to set your investments on FIRE

• Buying and Hodling: The most widely used strategy involves holding (hodling) onto the investment for an extended period. The secret is to ignore short-term volatility and have faith in the assets inherent capabilities, increasing adoption, and future applications.
• Day Trading: While investment is a slow, measured approach, trading is often a fast-paced, high-octane way to make money with equally higher risks. It's usually executed on a short term basis, and traders observe news, events, and market activity at all hours to look for indications that an asset's price could change.
• Mining: It's a virtual process that ensures coins are issued only after a certain amount of work is done to ensure no oversupply within the blockchain. One way crypto mining can be profitable is through mining pools. It enables miners to pool their resources, adding power but splitting Bitcoin's difficulty, cost, and reward.
• Staking: Staking involves holding coins in a staking pool, thus allowing you to earn additional coins for securing that particular crypto network. Hence it doesn't require high-end equipment like mining.
• ICOs: Keep a lookout for Initial Coin Offerings (ICOs) since it's the easiest way to get your hands on worthy crypto-assets that are in their nascent stage. ICOs have become an essential means to raise funds for blockchain and cryptocurrency start-ups.

So how much would you need to become financially independent and retire early? That is like asking, how long is a piece of string? It is determinant on factors such as, geographical location, average cost of living, number of dependents, rate of growth and return on investments.

One thing is sure though. As the world and critical infrastructure becomes more and more unstable, having assets, such as crypto, that hedge against volatility will be a tremendous asset and security. Which is kind of ironic, because it’s the volatility that concerns most people investing into these cryptocurrencies right now.

Volatility (at this stage in growth) is crypto’s greatest asset.

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