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RE: Tezos, Neo and EOS for passive income generation
This incentive is why I do not sell Steem (and hopefully never have to).
Really?
This incentive is why I do not sell Steem (and hopefully never have to).
Really?
If Steem Power can pay your living expenses indefinitely why would you sell it? Steem has a lot of room for growth with minimal competition. Steem Power can be delegated for curation and get you 10%+ annual interest on it. Why would you sell something which you can rent out indefinitely?
I suppose diversification? If Steem goes to $50 or $100? But even then why ever sell all of it? As long as the platform is growing, building new features, and demand exists for the Steem token?
I try to move a % of my STEEM income every couple of months just to diversify, my STEEM always increases faster than my other hodling, i like to keep my portfolio balanced and diversified... I don't take out the profit to fiat though, that would be a step backwards
Cash flow positive and assets which outweigh liabilities. Debt is the enemy. Credit for the most part scams us into debt. Diversification is a method of risk management.
The challenge is building a passive income generating portfolio. This portfolio if it can be built via crypto will become a common wealth building strategy provided enough people manage to build such a portfolio and reveal how they did it. Instead of mining, people can just know which tokens to buy and hold.
Of course crypto is extremely volatile so I think a well made portfolio would not keep the majority of assets in crypto form. Crypto are the high risk high reward assets which appeal to the younger generations and to demographics in poverty looking for a way up.
I've been meaning to get into the stock market dividends to diversify even more, the problem is that in my country it's harder to get into it then it is for example in america...
I'm 24 years and still studying so i'm one of those younger generations that can go for the high risk high reward assets, my plan atm is getting 10k into cryptos and after that get another 10k into stocks, i might also try some lending platform or something like etoro which i can copy trade other traders... after those 20k i really don't know, i'll think about it when i get there, it's not much money but it's all i can spare