Why You Need a Home Office for Cryptocurrency Trading

By
IntelligentHQ

If you want to make more money than you earn from your current job, then your best option is to start your own business on the side. If you choose to buy and sell cryptocurrency as your side hustle, you could end up making more money than your day job.

Besides the opportunity to exercise your talent for critical thinking, something that might not be possible at your regular job, you’re also tapping into an investment system where there is no cap on how much income you can earn.

While your choice of technical analysis, whether it is bot trading, range trading, or news and sentiment analysis, will determine your capacity to generate wealth, another thing you must consider is your productivity.

Your performance will be influenced by your environment. Where you work could make the difference between earning some extra money and earning so much that it’s a waste of time to stay at your corporate job.

A Home Office Makes You More Productive Than a Coffee Shop

Eager to pursue the “laptop lifestyle,” many people like to work in public places that offer free Wi-Fi. One of the most popular is coffee shops. While it’s fun to spend hours at a coffee shop hanging out with digital nomads, catching the eye of the barista, and trading witticisms with people at another table, it may not be the best place to pursue your dream of financial independence.

Let’s suppose you’re crypto trading Bitcoin on your laptop. Technically, since your collection of binary data is in cyberspace, you can trade from anywhere. It doesn’t really matter whether your laptop is resting on a restaurant table or a desk in your spare bedroom at home.

However, there is a huge psychological difference between squinting at a 15-inch laptop screen in a coffee shop and adjusting a monitor arm on a 24-inch screen in your home office to get an optimal viewing angle necessary to track the volatility displayed on a trading chart. Working in a designated space for your business with the best technology at your fingertips will make it easier for you to succeed at a faster rate because you will treat your cryptocurrency trading as a business rather than a hobby.

5 Good Reasons to Have Your Own Office Space

  1. Increase Your Focus & Concentration.

Working from home rather than a more fun, social, and stimulating environment not only makes you more productive but will also increase your mental focus and concentration. While focus will increase the latent extent of your attention, concentration will enhance the depth of your attention.

  1. Improve Your Work-Life Balance

Working from home can be a liberating experience that will improve your work-life balance. You will be able to take exercise breaks, do errands, spend quality time with your children, and take extended lunch breaks with your significant other.

  1. Optimize Your Circadian Rhythm

Some people do their best work in the mornings, others are night owls. By working from home, you can do your best work when your mind is fresh and alert.

  1. Maximizing Your Time

Since you are working from home, you won’t waste any time getting dressed and commuting to a coffee shop or any other favorite place to work. Since you only have a few good hours in the day to be highly productive, don’t waste any of it unnecessarily flitting from one place to another.

Beyond Self-Improvement

A lot of people who want to increase their chances of success read online blogs on how to ramp up their productivity. But success isn’t just about behavior modification, it’s also about choosing the most optimum working environment. You’ll experience a significant difference in your workflow if you’re working in a “sacred space” by yourself. Think of your home office as a private workshop where you can master your craft.

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