advantages in the cryptocurrency industry - page 3.

zayika570

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Quote from: Lunafox on November 07, 2021, 05:00:14 PM

Quote from: TmHsHel on October 23, 2021, 06:26:04 AM

Now meme tokens are very popular because they allow earning even more money than buying other coins and tokens.
A lot of people pays attention to meme coins because it is funny and profitable, like this https://twitter.com/defidotoken/status/1438810085636116482

Meme coins now is a modern trend. Now many people want to follow the trend to earn money on the rise of the cryptocurrency market. Meme coins are actively used to earn money.

Very often famous persons promote meme coins. That is why they raise in price so much more than other coins. And such big growth attract a lot of intention to meme coins.

Lunafox

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Quote from: purka5 on November 04, 2021, 05:24:50 PM

Quote from: TmHsHel on October 23, 2021, 06:26:04 AM

Now meme tokens are very popular because they allow earning even more money than buying other coins and tokens.
A lot of people pays attention to meme coins because it is funny and profitable, like this https://twitter.com/defidotoken/status/1438810085636116482

People buy meme coins because they believe in the growth of their price.
Price growth is the best advertizing. That is why people like meme coins.

Meme coins now is a modern trend. Now many people want to follow the trend to earn money on the rise of the cryptocurrency market. Meme coins are actively used to earn money.

armanhusni

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Quote from: kelonmusk on October 19, 2021, 12:28:22 AM

There are 3 options to profit in the cryptocurrency industry. according to my version like this:
- Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
- Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
- Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)
Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.
There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.

It seems you said it too hastily so there are many ways left that you didn't mention, including becoming a bounty hunter and Stakingcoin.
Of the three options you mentioned, I think it is very true to make a profit in cryptocurrency, but what the crypto community does is only 2 options, namely trading and investing.

martina14

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Quote from: kelonmusk on October 19, 2021, 12:28:22 AM

There are 3 options to profit in the cryptocurrency industry. according to my version like this:
- Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
- Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
- Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)
Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.
There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.

I can't deny that cryptocurrency was really in high risk, so I am pretty much agreed to anyone who always mentioned that do it at your own risk, that's true actually. Since the market is really unpredictable so the risk will always be followed by it 100%. However, I also cannot deny that there is a probability that we can able to earn here as well in the future if we choose the right coins and know the things that we are going to do here anyway.

magnum1010

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The main advantage of crypto industry is that everybody can find something to himself. If you are good at computers and technology, you can consider mining. If you are mad about charts you can trade. If you like investigating projects you can try to invest in new projects and follow them. So everybody can find something to his taste, capital and tolerance to risks.

tygeade

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Quote from: justdimin on October 20, 2021, 10:00:38 AM

I do investment and it has been working really well for me since I started it. Trading is not an easy work for just anyone to do, it’s a lot of work and you have to learn the technical skills or else you’re going to be losing your money in the market on a daily.

Yeah investment and the opportunity being created by cryptocurrencies must be a biggest advantage anyone could enjoy.

Compared to trading and gambling, I believe all newbies must go for investments if they really care about multiplying their capital. Even trading and gambling are looking for easier way to multiply our money, we cannot have any assurance but investments into reputed coins will get us some minimum assurance for decent returns.

Advantage of cryptos are purely dependent people and basically what and how are approaching is deciding that. Smart people do invest and making use of crypto's advantages the maximum and all other are losing their money by risking in trading and gambling.

purka5

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Quote from: alan228 on November 03, 2021, 12:52:53 PM

Quote from: TmHsHel on October 23, 2021, 06:26:04 AM

Now meme tokens are very popular because they allow earning even more money than buying other coins and tokens.
A lot of people pays attention to meme coins because it is funny and profitable, like this https://twitter.com/defidotoken/status/1438810085636116482

Meme coins growth in price even more active than other coins. That is why they are actively used for trading on the exchange. But a lot of depends from the liquidity of the coin.

People buy meme coins because they believe in the growth of their price.
Price growth is the best advertizing. That is why people like meme coins.

Fatunad

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Quote from: kelonmusk on October 19, 2021, 12:28:22 AM

There are 3 options to profit in the cryptocurrency industry. according to my version like this:
- Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
- Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
- Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)
Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.
There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.

Trading and investment

-Similar on general sense but there are some aspects which makes them differ
-You could really go for long term without minding on being traced up
-You could be anonymous and able to hide your big profits

Gambling?

Its never considered to be a good type of thing yet this is just for pure entertainment.

sana54210

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Quote from: kelonmusk on October 19, 2021, 12:28:22 AM

- Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
- Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
- Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)
Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.

Gambling should not be there as it is not a sector where cryptocurrencies are being used but it is an application which is prominently making use of cryptocurrencies which might be the reason why you are considering it along with trading and investments.

Moreover like many other people notified, I am also feeling like gambling may not be an advantage by any means as people are not using it to make money but only for entertainment purposes. For entertainment reasons, we are having lots of industry and gambling must be one of them. So, you must take time to edit and elaborate your narration regarding what are exact advantages of cryptocurrencies.

sherenikaw

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rocket.hashbon.com

actually if we can manage crypto assets well then we can make a profit whether it's by trading or investing. so it all depends on how we manage and store crypto because not everyone can manage it well and end up losing. but what is explained above is true that there are several advantages that can be obtained in the crypto world, namely by trading, investing, or gambling. all three clearly have their respective roles and policies. Personally right now I prefer trading where I have to choose a coin that has good prospects in the near future.

Anguwa

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★Bitvest.io★ Play Plinko or Invest!

Quote from: kelonmusk on October 19, 2021, 12:28:22 AM

There are 3 options to profit in the cryptocurrency industry. according to my version like this:
- Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
- Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
- Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)
Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.
There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.

All mentioned are related to risk, we take risk to gain profit. Importantly, learn more and do more research before involving in any of these mention crypto activities, Trading, crypto Investment and gambling. Many people are making it today in all of those aspects, but they took their time and make deep research.

alan228

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Quote from: nikita2020 on October 28, 2021, 01:36:59 PM

Quote from: TmHsHel on October 23, 2021, 06:26:04 AM

Now meme tokens are very popular because they allow earning even more money than buying other coins and tokens.
A lot of people pays attention to meme coins because it is funny and profitable, like this https://twitter.com/defidotoken/status/1438810085636116482

Many meme coins are used for speculations. They have a big volatility and many people earn money on exchange rate fluctuations.

Meme coins growth in price even more active than other coins. That is why they are actively used for trading on the exchange. But a lot of depends from the liquidity of the coin.

mbakruroh

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Quote from: kelonmusk on October 19, 2021, 12:28:22 AM

There are 3 options to profit in the cryptocurrency industry. according to my version like this:
- Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
- Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
- Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)
Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.
There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.

Staking, mining, bounty, airdrop and many others to profit from crypto. If we calculate the total income from bounties and mining, it exceeds trading or investment. Gambling, if you count the number of wins and loses equal to 1:100, so how do we categorize profits in the crypto industry.

Cee2

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I haven’t really looked at the gambling option at all so far. Not sure how it works in crypto but I’m assuming probability wise it is similar to real life casinos, the house always wins!

Currently I am mainly interested in trading and investments.

Rakeshten

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There are some more methods to earn money in cryptocurrencies. The first one is Airdrop, I have earn good returns from free airdrops, you must try. The second one is Bounty, I am now earning with bounties , My more than half portfolio is earned by bounties. So I recommend you to join bounties. And there are some more methods, Staking, Gaming etc.

Galley

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Quote from: RussianEnglishTranslation on October 20, 2021, 03:26:43 AM

This is incorrect, you completely left out DeFi and yield farming. This is a big deal because most people can make more money farming on a platform like Ubeswap or Ref Finance than they ever will trading or gambling.

The choice of earning option depends on the level of income that you plan to receive. The option you proposed, roughly speaking, provides passive income, which can also carry significant risks, for reasons beyond our control. And someone wants active trading, where the opportunity to earn is higher and control over assets is directly yours.

alan228

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Quote from: nikita2020 on October 31, 2021, 02:40:07 PM

Quote from: TmHsHel on October 23, 2021, 06:26:04 AM

Now meme tokens are very popular because they allow earning even more money than buying other coins and tokens.
A lot of people pays attention to meme coins because it is funny and profitable, like this https://twitter.com/defidotoken/status/1438810085636116482

For all coins and tokens it is necessary to have liquidity and a big community of users and developed ecosystem.
Also it is important to have listing on a big exchange.

Meme tokens are very popular now. Some of them raise in a price a lot.
Popularity of meme tokens attracts a lot of attention of cryptocurrency community to meme coins and tokens.

MonaLeeTracy

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Quote from: ?? on ??

When you are in cryptocurrency to trade then be ready to face high risks, not everyone will profit from crypto but big losses when the price dumps in the middle of the road, which you describe here the bad experience in crypto that you may experience is the loss of price drops and the end this is a lot of people trading on crypto is growing will this last for the next 2 years

Trading in cryptocurrency is full of risks, when the price does not match expectations, traders must be ready to accept that fact. Bad experiences experienced by traders because they can't stand to see market conditions when they go down, then panic sell ensues.
When trader have the courage to trade in cryptocurrency, must be mentally prepared when the price drops. The point is that traders must be patient and always avoid panic selling so they don't experience bad experiences.

iv4n

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Quote from: kelonmusk on October 19, 2021, 12:28:22 AM

There are 3 options to profit in the cryptocurrency industry. according to my version like this:
- Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
- Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
- Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)

The same existed long before crypto is invented... trading, investing, gambling didn't come with crypto... just to be clear on that!
The advantage of crypto is how simple and easy trading, investing, gambling can be! You don't need a lot, you can do it from home in your pajamas! Computer, internet, some money you are ready to spare in order to make more! Forget dressing up and going to the bank to set up your accounts, visiting a middleman to help you with your money.. crypto is here, be your own bank and do what you think you should do with your money! Your success or failure will be only yours!

Mauser

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I agree with your first and second point, both trading and investment are profitable ways to earn money in the crypto world. If we make our own research and identify optimistic projects we can make a lot of profits. But your third point with gambling is not so straightforward. There might be people who are lucky and manage to earn a lot of money through gambling, but the games are not in our favor. The casino has a house edge which makes gambling very profitable for the casino in the long run. As the average gambler we shouldn't look at casinos as a reliable way to make money. A fourth point o would add is offering services or selling things in the crypto world. If we can get paid in cryptos rather than fiat money we have another way to take advantage of the rising crypto prices.

Topic: advantages in the cryptocurrency industry - page 3. (Read 894 times)