advantages in the cryptocurrency industry - page 5.

AhmadM

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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)

There are more many ways to generate some profits in cryptocurrency fields, such as providing your own service/skills and getting paid in crypto (it could be btc, eth, or etc). As for gambling, I firmly say don't ever think of it as a way of earning some money. If people couldn't afford to lose money in this industry then it better to stay away or would be great if they don't start with it from the beginning

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

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.

Thats what we called with DCA strategy I guess, if people buy it continuously for sure they would feel the fluctuations and how volatile the crypto fields.

TimeTeller

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Quote from: FanEagle on October 28, 2021, 07:03:39 PM

Quote from: harizen on October 27, 2021, 07:43:39 PM

Nice advice but for me no need to wait to reach the capability to understand the whole concept of cryptocurrencies and how volatile this market is. Basic knowledge is enough to start and for people to fully understand what they are doing is to engage themselves in the actual scene. With active money on risk, they will feel the pressure of dealing in the market volatility and how to profit from it.

What is the basic knowledge that you are meant to know about cryptocurrency if not the fact that it is volatile and that it is used for transactions? Before anyone starts to invest in cryptocurrency they needs to know about it, at least know that there are risks that are involved when their money goes into it. They need to know that it is volatile, because if they don’t know this, then they are going to end up regretting later why they invested in it.

Why it is good to have the knowledge on this is because most people , if they are not aware of the risks that are involved, they might end up investing too much in it and at the end they will regret it because they will be hit by too many losses in the market.

Volatility is the common reason why people go into this market.
This is for the hope that they will get good profits but most of them failed to recognize the fact that it is not easy to get profits if you don't know yet the market.
Because if you are new and suddenly the price goes down, you will panic for no reason.
The up and down movement is very normal in this market, and that is the factor you want to take advantage to get your profits.

FanEagle

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Quote from: harizen on October 27, 2021, 07:43:39 PM

Nice advice but for me no need to wait to reach the capability to understand the whole concept of cryptocurrencies and how volatile this market is. Basic knowledge is enough to start and for people to fully understand what they are doing is to engage themselves in the actual scene. With active money on risk, they will feel the pressure of dealing in the market volatility and how to profit from it.

What is the basic knowledge that you are meant to know about cryptocurrency if not the fact that it is volatile and that it is used for transactions? Before anyone starts to invest in cryptocurrency they needs to know about it, at least know that there are risks that are involved when their money goes into it. They need to know that it is volatile, because if they don’t know this, then they are going to end up regretting later why they invested in it.

Why it is good to have the knowledge on this is because most people , if they are not aware of the risks that are involved, they might end up investing too much in it and at the end they will regret it because they will be hit by too many losses in the market.

nikita2020

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Quote from: alan228 on October 27, 2021, 05:53:09 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 spends a lot of money for promotion. It is very important to attract attention to meme coins and promote them to create demand in the meme coins.

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

harizen

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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.

Nice advice but for me no need to wait to reach the capability to understand the whole concept of cryptocurrencies and how volatile this market is. Basic knowledge is enough to start and for people to fully understand what they are doing is to engage themselves in the actual scene. With active money on risk, they will feel the pressure of dealing in the market volatility and how to profit from it.

The process will be learned automatically as long as these people are serious to learn. As I always said, "trust the process".

Finestream

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Quote from: NicNacCoin on October 27, 2021, 07:11:26 PM

Where there are many advantages there are many risks. Before taking advantage of anything there is a need to take advantage of the maximum risk there. Cryptocurrency is not easy to survive.Here you have to survive with the highest ricks. Then if you can work in cryptocurrency the most benefits are available here. Here you can do everything in moments.If you use your fortune you will become the owner of a lot of money in a moment.You can transfer millions of rupees in nanoseconds.Here you can work all day.

There are a lot more reasons to stay in crypto because of its own advantages rather than staying in fiat all the time. Since its decentralized, you can make millions of money without having traced by the government. And knowing there is high profits in crypto than in fiat, no wonder there are more millionaires in crypto than in fiat. And when we talk about the security of your money in crypto, its totally built safe and secured because it can't be hacked or stealed, unless you are irresponsible of your own account and you came up sharing your private keys.

NicNacCoin

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Where there are many advantages there are many risks. Before taking advantage of anything there is a need to take advantage of the maximum risk there. Cryptocurrency is not easy to survive.Here you have to survive with the highest ricks. Then if you can work in cryptocurrency the most benefits are available here. Here you can do everything in moments.If you use your fortune you will become the owner of a lot of money in a moment.You can transfer millions of rupees in nanoseconds.Here you can work all day.

Vaculin

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Winding down.

Quote from: Twinkledoe on October 27, 2021, 06:21:51 PM

Quote from: alan228 on October 27, 2021, 05:53:09 PM

Quote from: Lunafox on October 26, 2021, 07:28:11 AM

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

Promotion is necessary for all projects not only for meme coins. Now meme coins usually are used only for speculations.

Meme coins spends a lot of money for promotion. It is very important to attract attention to meme coins and promote them to create demand in the meme coins.

But once the hype is over, you may possibly be the holder of worthless tokens. This is the dilemma of holding this kind of token, you are unsure with their future, or will there be a future for this token? If you want a lil bit of insurance, you can allot some to established coins like btc. Don't go all in in meme tokens because they have a very doubtful future.

They gonna hold for nothing, this is what mostly happens.
I assume that those who invest in meme coins could already have an exit plan once the market turns to bearish again. Having the chance to sell them at high is an opportunity because once the hypes are over, recovery has become uncertain and I'm worried to think of how many newcomers, new investors will lose their money and cry in vain. Market anticipation is somewhat important and must not be ignored before it is becoming late.

Twinkledoe

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★Bitvest.io★ Play Plinko or Invest!

Quote from: alan228 on October 27, 2021, 05:53:09 PM

Quote from: Lunafox on October 26, 2021, 07:28:11 AM

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

Promotion is necessary for all projects not only for meme coins. Now meme coins usually are used only for speculations.

Meme coins spends a lot of money for promotion. It is very important to attract attention to meme coins and promote them to create demand in the meme coins.

But once the hype is over, you may possibly be the holder of worthless tokens. This is the dilemma of holding this kind of token, you are unsure with their future, or will there be a future for this token? If you want a lil bit of insurance, you can allot some to established coins like btc. Don't go all in in meme tokens because they have a very doubtful future.

Bollexz1

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Trading in crypto is considered gambling until one understand the basic concept that guide it. It is very important to understand all these key factors before starting, either way the market will drag you closer, collect the little you have and have you kicked out.

alan228

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Quote from: Lunafox on October 26, 2021, 07:28:11 AM

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

Promotion is necessary for all projects not only for meme coins. Now meme coins usually are used only for speculations.

Meme coins spends a lot of money for promotion. It is very important to attract attention to meme coins and promote them to create demand in the meme coins.

otreza

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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.

Are you new to cryptocurrencies? What kind of gambling as a form of earning? Earnings where there is strategy, market and volatility. The best kind of investing is venture capital, early stage investing. They used to be called ICOs now IDOs (pre-sales of tokens).

Lunafox

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Quote from: nikita2020 on October 25, 2021, 10:46:59 AM

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 are actively promoted, that is why they are so popular. Many people buy meme tokens hoping for future growth in price.

Promotion is necessary for all projects not only for meme coins. Now meme coins usually are used only for speculations.

DewiKirana

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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.

fileo

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Rangers Protocol

That is true that gambling is so much risk because we don't know what is the result. Although investment and trading is risky, the gambling is riskier. I choose to do investment sometimes than gambling. In investment there is a chance to win always specially if I join the potential project. In gambling I cannot guarantee to win always despite of my predictions. I choose investment because it is one with high advantage.

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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.

1. You will benefit from trading if you are good at analyzing the market, this is very difficult because crypto prices fluctuate, when you trade you need to have experience and be able to control emotions so as not to get hit by FUD.

2. There are a lot of coins and you can see the farming platform with the amount of APY you want as in this list
https://coinmarketcap.com/yield-farming/

3. Gambling in my opinion is a game that requires a level of Hockey or luck, I use the Betfury platform for farming and withdraw the profits I get to gamble in some games, because it's a game, so winning and losing is a normal in gambling

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: martina14 on October 22, 2021, 03:13:15 AM

But most of the time Trading and investment is the main thing for us to earn here in cryptocurrency other than this thing nothing else.

The biggest wins are from gambling no doubt. However this not completely a true statement either. The person who is taking the risk does lose some money in gambling too before they hit a big win. Similarly a traders will have wasted bitcoin on buying shitcoins before getting a good price to sell on. Both are different types of risks though. Gambling can be EV- or EV+ but Spot trading is EV+.

Quote

And there are a lot of altcoins that are on top in the market in which is good to buy aside from Bitcoin and Ethereum, in fact, Bitcoin and ETH are both reasonable good only for long term holdings only in my own opinion only.

What is the reason for that? I can give you the counter-agrument though; While several other altcoins do exist, the cumulative profit that can be obtained by randomly selecting a few of them is much lower than the top five coins. Therefore reasonably speaking, one should avoid the list below the top ten (maximum).

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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.

My strategy includes long-term investment and a pinch of gambling.
I hodl some mainstream currencies. Actually, I invest not only in Bitcoin and Ethereum but also in Matic, BNB and Polkadot as I consider them to have a good future as well.
As for by risky activity, I do staking and farming on some platforms that give me big APYs, so they seemed to be really risky.

Yamifoud

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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 understand that most of us had come to crypto and put money in here because of thinking of a profit. We can't deny it but that was not the sole reason why we came here. We don't just think about it only, we also have to think that we can make use of this as an alternative to fiat money which actually the main reason why it was created. To have it used and fast transactions gives more advantageous for us and that supposedly what it intends to be. But unfortunately, it was not at its realization, we valued and take advantage of crypto as a pure investment, not a currency.

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Quote from: TheGreatPython on October 25, 2021, 04:00:30 PM

Quote from: RealMalatesta on October 25, 2021, 09:53:28 AM

Trading and investment are NOT two different things in my perspective but if you want to allocate your capital for these two then you can manage your portfolio with respect to these and then you can calculate your profit/loss accordingly. When you are talking about an industry, I guess trading and investments are same but with slight different timeframe.

Trading and investment are different in the "idea" of it and not while doing it personally. When you are trading that requires a quicker buy and sell, investment usually means longer buy and sell.

So, if you are buying something today and sell it within a week then you are still just doing a buy and a sell, but it is within a week so it is considered trading. Whereas when you are investing that usually means you buy and sell 3 years later, you still only buy and sell but at the end of the day it is something that is similar. Sure it is only the time that separates them but the action is the same, however we name them differently for us to understand it better.

Misconceptions from investing as many consider short term investment is much better than holding your asset for longer time frame.
Both ends have a good benefits, as long as you know what you are doing the outcome will be likely favorable to your capital.
Cryptocurrency provides us a good venue for both trading and investing, you can buy and hold till you reached your target profits or you can spend your time monitoring the market and perform a short term trade and keep repeating to earned more.

Topic: advantages in the cryptocurrency industry - page 5. (Read 942 times)