advantages in the cryptocurrency industry - page 6.

sukmo

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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.

Of the 3 options of your opinion in profiting in cryptocurrency.
Option number 2 became my favorite.
I've been happy and feel lucky enough to invest in bitcoin and ethereum all along.
But to start investing with cryptocurrencies of course we have to study and observe the movement of coins that we believe grow in the future.

TheGreatPython

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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.

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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

I agree that now meme coins are very popular. But they are popular because they have a big promotion and a big hype around them.

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

Rahman11

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With cryptocurrencies, businesses can be in control of their transactions and funds without having to defer to a centralized organization. Customers will have a far more convenient way to pay for various services and products, and transactions don't need to get past any credit clearances either in this case.

RealMalatesta

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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.

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.

Quote from: Al Qiyamah on October 25, 2021, 09:47:57 AM

for gambling it is not an advantage in the cryptocurrency industry

Yeah, when we are talking about whole industry level then we cannot talk about simple applications like gambling. But as per OP, it seems that only exchanges and gambling are the sectors we got after cryptocurrencies but in practical whatever we can do with fiats, can also be done with cryptocurrencies.

Al Qiyamah

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As a small part of the advantages of the cryptocurrency industry I agree with what you said, namely trading and investing in cryptocurrencies, but if for gambling it is not an advantage in the cryptocurrency industry because big losses often occur if luck is not on your side.

clarkt

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Cryptocurrency provide an amazing opportunity to buy, invest and participate in Cryptocurrency space without having to use a third party or qualify or even regulated to do so. It is a very awesome development and powerful empowerment for individual. The advantages of Cryptocurrency is beyond just trading, investing and gambling, it is the freedom to do these things that is important!

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So far what I’ve been able to do in the cryptocurrency market is just to invest and to trade, gambling has never been an option for me. Sure there are people who have been able to make a lot of money from gambling, but it still carries a lot of risk because you're not sure of what is going to be the outcome of the game you're playing. And it becomes worse when you are addicted to it.

So, I would advise anyone to stay clear from it. Moreover, I only hear stories of people who earn from it, but from experience of people I have seen it is usually not worth it. So, I said that it’s only favor just a little number of people. Best thing to do is just to trade and to invest, any of these two that works for you.

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Quote from: martina14 on October 23, 2021, 07:16:14 AM

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.

Cryptocurrency has a full of risk once you decide to invest or buy any of the altcoins here. But once you are well knowledgeable
and well verse in crypto space, earnings here is good as long as you know what you are doing and entering at too.
And for my experienced Trading is the most advantage things where it it was my main source of income here second was Investment in some
of the new projects arise here in this field of business.

I think even if you are knowledgeable and well versed in cryptocurrency, things are just not simple as they are since they all involved risks. And if you want to earn, you have to take all the risks.

However, the advantages in crypto industry are not really those trading, investing and gambling since we can also do them with the use of fiat. I think its more on crypto is decentralized, even volatility alone is an advantage too in crypto, and the fact that crypto coins have higher value compared to fiat or gold, or in any asset. And since they are more valuable, then the profits are much higher too than those profits we made from fiat's investments.

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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.

These are not an advantage of cryptocurrency "industry". You can literally do these with fiat money. You can trade stocks, you can make investments and gamble with fiat.
And what do you mean by transferring between them and providing exchange services? You make everything sound so easy. Bitcoin and Ethereum are indeed good investment, but there are also other altcoins that have a good potential. Do your research and find them. And I don't think gambling should be on this list.

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Quote from: martina14 on October 23, 2021, 07:16:14 AM

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.

Cryptocurrency has a full of risk once you decide to invest or buy any of the altcoins here. But once you are well knowledgeable
and well verse in crypto space, earnings here is good as long as you know what you are doing and entering at too.
And for my experienced Trading is the most advantage things where it it was my main source of income here second was Investment in some
of the new projects arise here in this field of business.

Yes, I prefer doing investment and trading to gambling because you can use trading as your main income while making more money from the investment side. But all of that will have risks and we never know what we will face in the future, but we can prevent loss in trading by learning many lessons about trading and if we don't sell our investment, we can have a chance to make a profit.

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.

Cryptocurrency has a full of risk once you decide to invest or buy any of the altcoins here. But once you are well knowledgeable
and well verse in crypto space, earnings here is good as long as you know what you are doing and entering at too.
And for my experienced Trading is the most advantage things where it it was my main source of income here second was Investment in some
of the new projects arise here in this field of business.

TmHsHel

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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.

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

coin-investor

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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.

There is an edge if you are educated on how and what to look for a Cryptocurrency, there are a lot of advantages if you know the right description of a good coin, you can invest in coins with good potential you can turn down coins that are considered to be pump and dump and there's no contribution to the community, trading and gambling are risky unless you can take the risk and spend time to learn how to do it right.

albon

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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.

These three points that you mentioned are not without risks, so before investing or trading any currency, we must realize that the market is volatile and we must know the future uses of any currency and the extent of the impact of economic events and influencers on the currency and that investment and trading may increase our wealth, but it may cause us to lose all our money at once and I don't recommend gambling at all if you don't understand it well because for me it carries a lot of risks.

Stewart66

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maybe for my personal opinion would exclude gambling. although the level of profit opportunity is very large but you also need to know that the level of risk is greater than the return you want. I've heard that when someone decides to gamble to get a big profit but luck is not on their side, they end up losing in a short time and lose a lot of money.

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Quote from: Kasabus on October 21, 2021, 07:54:38 PM

I think if we aim to make profits in a certain activity, it will always have its own risks, either we take it or leave it.

Exactly, That is why, everything always has risks, even in the crypto world or in the real-life, moreover about crypto.
Crypto investment, trading, and other activities will always have their own risks.
The difference is in how high the risks are and the probability of the profits that we can earn by taking the risks.
What we must do is be able to manage the risks, face them, and also minimize the risks by doing some analysis and research, good management of the funds and risks itself.
It may be not easy, of course, will not be easy, But this is what we must face, once we are in the crypto world, we must be experiencing these situations.

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Quote from: Strongkored on October 22, 2021, 02:23:16 AM

Trading will be the same as gambling if you enter into it without knowledge and always think trading is a way to make assets grow.
Investment will be less risky if you can own the right coins which are already traded on many exchanges with high trading volume, but if you invest in new projects or new coins it will be a different story, can give profits or contrary your investment becomes ashes.

Most newbies are already fond of starting trading when they have got no single experience, and it is the reason why they lose their money, then you will see them saying that cryptocurrency is a scam, and the next thing they would decide that they are quitting. They simply gambled with their money without knowing it. So, it is very important that they learn about it before they go ahead to start trading, because trading carries too much of risks in it.

And as for investment, I think there are also new coins that are good, but you will rarely see them. Since I started investing in cryptocurrency, I am not the type that looks for new coins to buy, I rather buy the old coins that has been around for long and already trusted.

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

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.

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.
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.

eth and bitcoin are indeed feasible for long-term investments, but if you want a bigger profit, of course, many other altcoins have potential, so we can research them well and get double returns. On the other hand, of course, we have to take the risk into account

Altcoins can give us bigger profits even with short term holding, but definitely it has a higher risk. But for bitcoin and ethereum, they are more on long term holding because their value consistently making a price surge until it finally reaches their new ATH, and that's the time a huge profits can already be gain. Although it takes time before they reach their new ATH, but we can guarantee that they are really heading towards it.

However, if crypto has a lot of advantages, it has also its disadvantages. If crypto can make us rich through our hard earned profits from long term and short term investments, it can also be a reason why we still end up totally poor. Losses are inevitable if we are not careful with those coins we are putting our capital. So invest only on the amount we can afford to lose.

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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.

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.
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.

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