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Topic: advantages in the cryptocurrency industry - page 4. (Read 944 times)

full member
Activity: 1258
Merit: 104
November 01, 2021, 05:13:03 AM
#89
There are also other ways to make money from the cryptocurrency industry. Staking and Farming. You can also make a profit by staking your asset. It is like a fixed deposit in Bank.
You can also earn some crypto through bounty, airdrops and signature campaign.
It's just an option where each has different skills in mastering it because if you mention the Bounty then it includes a signature campaign that can only be participated by those who have a certain rank, while newbies can only take advantage of the bounty through their account social media.
newbie
Activity: 42
Merit: 0
November 01, 2021, 05:01:47 AM
#88
There are many of advantages of cryptocurrency

  • Easy transactions
    Asset transfers
    Confidential transactions
    Low transaction fee
    Hold ownership
    Decentralization



Though you can’t take away the high risks of investing and gambling, so you got to be aware of what you are doing.
sr. member
Activity: 1778
Merit: 309
November 01, 2021, 04:04:45 AM
#87
All could be gambling if no knowledge is applied. But investors are the most secured of all options. For trading, crypto has very high risk and volatility index compared to holding and one can lose out on all trading capital at once but holding would only reduce the capital for the investor. But in all knowledge is what distinguishes a gambling from investing

It depends where is our choosen field of expertise is, and yes you're certainly correct investing is more easy, secure and less risks out of all the options mentioned by the OP. Also, I always prefer to invest because it doesn't require more time and constant checking like the trader does.
And for gambling, I prefer to keep myself distant from that option cause I already proved that I'm not lucky in that field.
sr. member
Activity: 1582
Merit: 264
Next Generation Web3 Casino
October 31, 2021, 09:49:26 PM
#86
There are 3 options to profit in the cryptocurrency industry. according to my version like this:
There are also other ways to make money from the cryptocurrency industry. Staking and Farming. You can also make a profit by staking your asset. It is like a fixed deposit in Bank.
You can also earn some crypto through bounty, airdrops and signature campaign.
member
Activity: 1540
Merit: 22
October 31, 2021, 08:56:53 PM
#85
It is true that the world of the money market is very volatile both in terms of trading and investment. The fundamental thing is the authorized capital is the financial amount owned by a person, who also has its own influence to own coins/tokens such as BTC or ETH and others, the amount depends on the capacity of each. I don't think money alone is enough. As the capital, other supporting processes are also needed to become a winner in this world of the money market.

It's better if there is a crypto profit, don't buy all of it crypto again, but set aside some take profit to buy stocks, mutual funds, and gold. Because after all, crypto is just a digital number, once you get hacked, it's all gone.
hero member
Activity: 3010
Merit: 629
October 31, 2021, 08:42:36 PM
#84
If we say advantages of crypto, probably the first thing that comes to our mind is the opportunity to earn due to its volatility. Many people are becoming interested to engage themselves (despite of not having a deep knowledge about it) to make money.

Though its quite true that crypto investment is profitable, the chances of losing your money is with the same level too because of the risk (regardless of your way to earn e.g trading, investing etc.) especially if you're lacking of knowledge. Thus its not different to other opportunities to make money out there, its just that, we had the chance to gain huge in a short period if we invest or trade the right coin.
sr. member
Activity: 1666
Merit: 268
October 31, 2021, 07:47:45 PM
#83
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 second this, and to be honest, people need to come to the understanding that you can actually start small in the network, having the mindset that you must outrightly buy one Bitcoin before you can be said to be a Bitcoin investor is a misconception that really needs to be corrected. Mind you that you should only invest what you can afford to lose, so the best thing to do is to find a strategy of buying at intervals, and before you know it, you would actually own a stash that you'll be surprised how you accumulated all that. As far as price corrections are concerned, newcomers to the network must understand that it is a part of the network that is constant, you must learn to ignore it most times and make sure it doesn't send you panicking/selling.


Cryptocurrency gives everyone the opportunity to make money, but there are still many people who do not understand how to invest
in crypto correctly. Most people are too in a hurry to want big profits in a short time, which ends up losing all their capital. In fact, if we learn
correctly about crypto, the best way is to start investing with small capital, then slowly we collect coins that we consider potential.
Do this consistently, then we will be surprised by the profit we generate. Then try to be more patient when investing in crypto, we must know
the crypto market moves very volatile. So when the price is correcting that's the right time to buy, but if we don't have extra money to buy coins,
just hold the coins we have. Wait patiently until our selling target is reached, as long as we choose the right coins, everything will go well.
So another important thing when investing, make sure we buy coins based on the results of our own research and analysis, so we can invest
in the right coins.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
October 31, 2021, 07:08:45 PM
#82
Of the three options, trading is indeed the right choice to get a lot of profit. But, if you are going to trade, you must also have the ability to analyze, high flying hours, if trading is carried out as long as you don't make profit, you will lose.

Yes, it should also be noted that just as you win, the probabilities of losing are the ones that manifest the most, in fact when we talk about trading we can do it in many ways, in the short, medium and long term, each of these options has its own For and against, I recommend tading in the medium and long term, simply due to the fact that I do not react quickly to sudden market movements, nor am I glued to the pc all day watching the market to see if it moves in favor or against. I have said on several occasions that there is a fast and very profitable trading that is with NFTs, but it is also somewhat risky, here it requires relevant knowledge and research to avoid being a victim of scam.
sr. member
Activity: 1036
Merit: 311
October 31, 2021, 02:14:31 PM
#81
All could be gambling if no knowledge is applied. But investors are the most secured of all options. For trading, crypto has very high risk and volatility index compared to holding and one can lose out on all trading capital at once but holding would only reduce the capital for the investor. But in all knowledge is what distinguishes a gambling from investing
jr. member
Activity: 184
Merit: 1
October 31, 2021, 01:40:07 PM
#80

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

Not only meme coins are used for speculation. All coins and tokens are actively used for speculations.
But for meme coins liquidity is necessary. It must be simple to buy and sell the coin.

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.
legendary
Activity: 2184
Merit: 1302
October 31, 2021, 11:19:41 AM
#79
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 second this, and to be honest, people need to come to the understanding that you can actually start small in the network, having the mindset that you must outrightly buy one Bitcoin before you can be said to be a Bitcoin investor is a misconception that really needs to be corrected. Mind you that you should only invest what you can afford to lose, so the best thing to do is to find a strategy of buying at intervals, and before you know it, you would actually own a stash that you'll be surprised how you accumulated all that. As far as price corrections are concerned, newcomers to the network must understand that it is a part of the network that is constant, you must learn to ignore it most times and make sure it doesn't send you panicking/selling.
legendary
Activity: 1960
Merit: 1026
October 31, 2021, 11:01:30 AM
#78
Cyptocurrency investment is fairly at high risk. There have been many stories that have lost their money when the price of cyptocurrency freefall.

Cyptocurrency trading activities have increased every year along with increasing the many variations of the coin offered. The increase in activity was also encouraged by the emergence of the increasingly diverse Crypto Exchange Platform.

Any type of investment has its risks and cryptocurrency isn't an exception to it. That's the reason why new investors are always advised to do their own research first so they would know the capability of the coin that they're buying. Searching is an advantage in the crypto world because, through it, we'll know how to deal with the market.

Well said. As per OP’s statement, no one should make an investment yet, unless one is fully able to understand the nature of the market and how does coins love up within the market. Indeed, any investments, especially those that are unfamiliar and not fully grasp to an individual are most likely to be risky than ever.
full member
Activity: 1708
Merit: 126
October 31, 2021, 10:55:41 AM
#77
Cyptocurrency investment is fairly at high risk. There have been many stories that have lost their money when the price of cyptocurrency freefall.

Cyptocurrency trading activities have increased every year along with increasing the many variations of the coin offered. The increase in activity was also encouraged by the emergence of the increasingly diverse Crypto Exchange Platform.

Any type of investment has its risks and cryptocurrency isn't an exception to it. That's the reason why new investors are always advised to do their own research first so they would know the capability of the coin that they're buying. Searching is an advantage in the crypto world because, through it, we'll know how to deal with the market.
hero member
Activity: 1344
Merit: 502
October 31, 2021, 10:40:37 AM
#76
It is fact that there is no guarantee of profit and gain in cryptocurrency industry. Lots of people loss their money due to lack of knowledge. But there are also so many advantages of cryptocurrency industry. Like there is no need of third party. It is very safe and secure method for payment. It does not need any personal information. The transaction is very quick.
jr. member
Activity: 103
Merit: 1
October 31, 2021, 04:46:26 AM
#75
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.


Cryptocurrency is another new form of investment but its working path is different from the existing linear stock investment. A lot of blockchain Cryptocurrency advantages and some disadvantages are based on community identification. The trading market fluctuation would be impacted by its value. Before involving, should be pre-accepting and understanding of digital assets risks. 
copper member
Activity: 145
Merit: 1
October 30, 2021, 10:09:54 AM
#74

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

To be used for speculations it is necessary to have listing on exchange. Raise of the price attracts a lot of attention, that is why people buy meme coins hoping to get more profit.

Not only meme coins are used for speculation. All coins and tokens are actively used for speculations.
But for meme coins liquidity is necessary. It must be simple to buy and sell the coin.
member
Activity: 286
Merit: 23
GuerrillaBuzz: Top Web3 PR & Marketing Agency
October 30, 2021, 05:44:06 AM
#73
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 like this thread tbh. Sometimes I'm too much in the market that I forget we are pretty unique. Among my friends and family, I'm the only one who hold crypto for years, and it seems like people are getting into it every few years when there's hype but then once they lose their money they forget about it xD.


IMO the advantage of crypto it's also a disadvantage. To better understand the whole ecosystem you need to be technical, keep up with the latest news, and understand how to cash out when needed.
Since you need to be technical, many people just can't understand or don't have the patience to get into crypto. In many cases those people can be wealthy, so they have the money, but not the knowledge to actually do it.

It gives the people who do know what to do a small advantage when it comes to making a profit.

full member
Activity: 812
Merit: 102
$CYBERCASH METAVERSE
October 29, 2021, 06:48:11 PM
#72
Many meme coins are used for speculations. They have a big volatility and many people earn money on exchange rate fluctuations.
And it's only temporary because any memecoin never stays at a better price in the long term or never stays at the ATH price for a long time, so choosing it is not wrong, but always be prepared to take risks and be more careful heart.
full member
Activity: 926
Merit: 100
October 29, 2021, 06:42:08 PM
#71
To be used for speculations it is necessary to have listing on exchange. Raise of the price attracts a lot of attention, that is why people buy meme coins hoping to get more profit.
Obviously, the hope is only one, which is to have more and more profitable profits than the previous one because the purpose of choosing any memecoin is to double their capital in the near future, so it certainly wouldn't be wrong in my opinion.
newbie
Activity: 191
Merit: 0
October 29, 2021, 06:26:25 PM
#70

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.

To be used for speculations it is necessary to have listing on exchange. Raise of the price attracts a lot of attention, that is why people buy meme coins hoping to get more profit.
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