Yes, the recession is coming, companies are laying off their staff, and you may not be able to get employed any time soon, but if you get involved with a crypto project that has a network with a defined and valuable niche, then, capitalism or recession will not affect you.
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You have to look at it this way; once you work hard on being a part of a decentralized system with a valuable niche, what the people running the capitalist economy are doing would not affect you because although crypto is connected to the traditional system, it exists outside of this system.
The most important thing about cryptocurrencies is that they cannot be controlled by governments and central banks. This means the government can't use them as an instrument for economic control, which means no more inflation in your personal finance. So you should go after a financial system that doesn't rely on the banking system that is subject to manipulation, fraud, and general dishonesty.
With the rise of blockchain technology, we are now in an age where there's no need for middlemen and there will be no layoffs. Blockchain does not discriminate against anyone based on race, gender, religion, nationality, or status. Rather it gives you the spotlight to transform your finances and to do so without depending on the capitalist economy.
If you're still looking for the right idea, here are some ideas:
• If you investigate how cryptocurrency is helping people who had been suffering from terrible financial issues, especially those that couldn't afford expensive insurance or even a retirement portfolio. There are several ways that crypto had helped these folks. Through your research, you might be able to monitor the effectiveness of the blockchain through its real-world impacts. As such, you can conclude whether the new financial system is better than the old one.
• The emergence of Bitcoin was motivated by the desire to improve the current financial system, which led to the creation of other coins and tokens that were created for specific purposes. As such, you can also investigate what kind of projects have been created and how they are making the lives of people better.
• You can study the various types of blockchains and assess their features. By doing so you'll know which one suits you best.
• You can also study the way cryptocurrencies are impacting the environment around us. For example, the mining process for cryptocurrency is energy intensive and uses lots of electricity.
• You can also research about ICOs (Initial Coin Offerings) and learn why some of them fail while others succeed.
There are plenty of opportunities you can take advantage of as long as you keep your eyes open and are ready to act when the opportunity presents itself. In addition, you should be willing to change your mindset and your investment strategy to suit this new system.
And that's because it's only in this system that financial freedom is promised and you have a fighting chance of getting there. The traditional system might have been making such promises but you already know how that turned out for you. Centralized systems only favored the 1% but now decentralized system favors everyone who attempts to join the network and get some of the juices for themselves.
Bitcoin and altcoins are not going anywhere anytime soon. They're here to stay. And the sooner you understand this, the more money you could make. So don't wait until it's too late because the world is changing, and it's time you did the same.
Join the lifeboat that crypto offers because we are not only moving into recession but it will be long and hard-fought. We need something to help us get over the hump. Crypto has been voted as the next great thing, and it might just turn out to be the greatest thing ever. The question is, are you ready to get on board?
A valuable niched crypto project will save you from recession and allow you to reach financial independence. But it won't happen overnight, so you have to be prepared to wait if you want to reap the benefits of this promising system.
This post is inspired by Projections are Abysmal
Posted Using LeoFinance Beta
