I had to revise the concept of “passive income” as I imagined it, but I’m not disappointed.

I didn’t have to give up the “income”, fortunately, but after a hard year of work and effort I can certainly say that the term “passive” is absolutely a myth. To be debunked, however.

🗣🇮🇹 — Puoi leggere questo articolo in lingua italiana qui

The myth of the Unicorn — Photo by Paul Bill on Unsplash

So let’s dispel the myth.

Like many of you, a few years ago I was attracted to decentralized finance for two main reasons: the possibility of obtaining a high income from investing in cryptocurrencies and at the same time obtaining a second income (in addition to that of my main job) in a totally passive way, or however with very little effort in terms of commitment. Like many others, I began by studying how cryptocurrency trading works, trying to follow in the footsteps of some more experienced traders, and so I quickly realized the very high risk coefficient that permeates the decentralized finance trading market, much higher than that in centralized finance due to market volatility and its absolute unpredictability: it is difficult to predict that Sam Bankman-Fried would generate one of the most scandalous financial crashes in history, or that Terra Luna would collapse at any moment crushed by a resounding bankruptcy of its algorithmic stable-coin UST (although Vitalik Buterin…