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.
Topic: advantages in the cryptocurrency industry - page 7. (Read 942 times)
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: 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.
Theres another way to earn at this time, Playing game! Collecting coins from any gaming platform are fun though.
Trading can be a source of income but you need to learn more about trading so you can be able to select the coin to trade. While gambling can not be the way to make money, many people have already tried to earn money from gambling, but they lose their money.
For me a big advantage is that i can get a large percentage of providing liquidity on the uniswap exchange. I can get more than 10% on stablecoins and other couples can get even more, i can get an impairment loss but as for me is much better than bringing money to the bank at 2%.
Of the three options for profiting in cryptocurrencies, only one does not interest me, namely Gambling. Gambling is very close to loss or defeat even though there are also big wins. Only investment and trade can provide benefits according to our will to regulate big or small rhythms. Risk remains in those two things (Trade and Investment).
Every choice always requires risk, and the choice will depend on who we are and our goal.
If we are investing in crypto, I will prefer only investment in the top coins that have a good use cases or fundamentals. So the prospect for the future will be still worthy because one of the risks of long-term investment is the dead coin. That is why we must be smart and wise when choosing coins.
Well, actually while investing we can also do staking or savings that can make us earn some money from this option.
About trading, it is also risky, but we can less risk by spot trading.
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.If we are investing in crypto, I will prefer only investment in the top coins that have a good use cases or fundamentals. So the prospect for the future will be still worthy because one of the risks of long-term investment is the dead coin. That is why we must be smart and wise when choosing coins.
Well, actually while investing we can also do staking or savings that can make us earn some money from this option.
About trading, it is also risky, but we can less risk by spot trading.
There are really advantages staying in this crypto industry like what OP stated as there is investing, trading and gambling. All can give us profits but they are capable too of losing our own capital. So its always an advantage if we can invest in those solid and well established coins like bitcoin, ethereum and BNB. And when we think its a good time make profits, then we can start selling at the most reliable and legit exchanges. While in gambling, there is a high risk, and only those who are good in guessing and more on luck will be more profitable in gambling, otherwise your losses will be much bigger than your profits.
Every choice always requires risk, and the choice will depend on who we are and our goal.
If we are investing in crypto, I will prefer only investment in the top coins that have a good use cases or fundamentals. So the prospect for the future will be still worthy because one of the risks of long-term investment is the dead coin. That is why we must be smart and wise when choosing coins.
Well, actually while investing we can also do staking or savings that can make us earn some money from this option.
About trading, it is also risky, but we can less risk by spot trading.
If we are investing in crypto, I will prefer only investment in the top coins that have a good use cases or fundamentals. So the prospect for the future will be still worthy because one of the risks of long-term investment is the dead coin. That is why we must be smart and wise when choosing coins.
Well, actually while investing we can also do staking or savings that can make us earn some money from this option.
About trading, it is also risky, but we can less risk by spot trading.
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: 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.
Well, that's good, but don't forget about bounty hunting, airdrops, staking, NFT contests, PlayToEarn gaming, ambassador programs and incentivized testnets
For now the best thing to make a profit in crypto is just trading. Trading gives us several options that we can do or depending on our taste. Not just Bitcoin and Ethereum, but there are some other good coins for us to choose from namely Binance Coin, Polkadot, and other top coins.
Whatever the investment instrument, there will always be small or large risks. Likewise with trading.
Everything is determined by how expert you are in that field.
And to become a professional trader, patience and discipline are two very important things that are needed.
In the analysis, there are factors that I think are very decisive, namely the level of accuracy in choosing the right time. The right time is very important for people who work as traders to pay attention to.
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.
Yup, investing, gambling and trading all comes with risks. Before you go into any of those things you have to be sure that you understand the risks and also knows how it all works. Gambling has a lot of risk but you can also learn,because knowing what you’re doing actually puts you in a better position than someone who doesn’t have any skills and experience. But, I also don’t recommend gambling to people and I don’t do it as well.- 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 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.
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.
Not just bitcoin that you can buy in small units, every crypto is.
The problem with so many newbies is that they thought this is a get rich scheme. They trade which they think is easy, or invest and hold, but most of the time they lack the patience.
As for gambling, there is a big risk there, yeah you could get lucky and win sometimes, but once you got the taste of it, you might be greedy and play for more and that's where you gonna lose all your money.
So I would say that crypto is not for everyone.
The problem with so many newbies is that they thought this is a get rich scheme. They trade which they think is easy, or invest and hold, but most of the time they lack the patience.
As for gambling, there is a big risk there, yeah you could get lucky and win sometimes, but once you got the taste of it, you might be greedy and play for more and that's where you gonna lose all your money.
So I would say that crypto is not for everyone.
This is where a lot of newcomers are getting it wrong. The concept of getting-rich-quick when you enter in crypto.
So they find out quick once they got in, that it is not a walk in the park earning your profits from crypto.
Patience is needed in this market, and experience to survive in this market.
But for some who got lost their funds at the start, they usually quit and spread misinformation.
So yes, this is not for everyone. But lucky for those who will stay, as they uncover more benefits that it will bring to their life.
Not just bitcoin that you can buy in small units, every crypto is.
The problem with so many newbies is that they thought this is a get rich scheme. They trade which they think is easy, or invest and hold, but most of the time they lack the patience.
As for gambling, there is a big risk there, yeah you could get lucky and win sometimes, but once you got the taste of it, you might be greedy and play for more and that's where you gonna lose all your money.
So I would say that crypto is not for everyone.
The problem with so many newbies is that they thought this is a get rich scheme. They trade which they think is easy, or invest and hold, but most of the time they lack the patience.
As for gambling, there is a big risk there, yeah you could get lucky and win sometimes, but once you got the taste of it, you might be greedy and play for more and that's where you gonna lose all your money.
So I would say that crypto is not for everyone.
Where are your advantages in the cryptocurrency industry? It seems your title on this thread is irrelevant to the content.
If we're talking about the advantages of crypto, there are a lot of them to mention but I think here is the real purpose why these cryptocurrencies existed in the market and it could be also the reason for the mass adoption.
Here are my major advantages of using cryptocurrencies.
I think that's it, the last part of being profitable is where you explain how to do in cryptocurrency and in your statement above. In all you mentioned is that the way how to get profit, gambling isn't the right way of obtaining profit. It's high risk compared to trading, but I think the opposite side on that where you always have a guarantee to have profit is staking your Bitcoin, it's a little risk but in the safest way.
By the way, don't forget the golden rule of cryptocurrency.
Not your keys, not your coins.
If we're talking about the advantages of crypto, there are a lot of them to mention but I think here is the real purpose why these cryptocurrencies existed in the market and it could be also the reason for the mass adoption.
Here are my major advantages of using cryptocurrencies.
- Decentralized
- Hold ownership
- Easy transaction
- Can be profitable
I think that's it, the last part of being profitable is where you explain how to do in cryptocurrency and in your statement above. In all you mentioned is that the way how to get profit, gambling isn't the right way of obtaining profit. It's high risk compared to trading, but I think the opposite side on that where you always have a guarantee to have profit is staking your Bitcoin, it's a little risk but in the safest way.
By the way, don't forget the golden rule of cryptocurrency.
Not your keys, not your coins.
trading and investment is the basis of entrepreneurship the advantages of using crypto are broader and are an asset that can support one's economic life or others ,when someone build a business or any job crypto also can be used as a means of payment more efficiently ,the gambling industry that I know is the same as trading there are analytical techniques that must be learned
For now the best thing to make a profit in crypto is just trading. Trading gives us several options that we can do or depending on our taste. Not just Bitcoin and Ethereum, but there are some other good coins for us to choose from namely Binance Coin, Polkadot, and other top coins.
this can happen and can only be done by certain people because until now there are still many people who still don't understand how TA is and how to use the features in trading correctly. and trading is a skill that not everyone here has.Trading requires carefulness in making TA because here instinct is not needed and everything must be in the form of data so that at least you can have a clue.
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: 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.
That's the most basic how it works in crypto, but not everyone will be able to make a profit like you said, trading is said to be a move to sell and buy coins which at any given time, Investments are pretty much what we can do now in crypto, not only in bitcoin and ethereum, because these two coins have a fairly high purchase value, so not everyone can make purchases and gambling is the biggest level of risk from what you mention, almost everyone will not dare to take that risk, the concept of cryptocurrency is very important for you to know, otherwise what is done will produce nothing.
Indeed there is quite a wide variety of advantages on being in the crypto currency industry and some of them you have already mentioned. But trust me, there are even more ways out there you just have to search for it. Specially now when defi and NFTs are present. In fact, some of my friends and relatives are taking advantage of the early stages of defis and NFTs and believe it or not, they are actually very profitable in doing what they do.
In trading, it's attractive because upon hearing it makes you a genius and cool. But not everyone who takes a share in trading and trying it out are becoming successful.
There are more people that even have bad experience through it and that's why you have to be good in what you do and don't just invest because you're hyped.
There are more people that even have bad experience through it and that's why you have to be good in what you do and don't just invest because you're hyped.
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 don't think that's all, I'll add what you can do to make a profit in crypto:- 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. NFT: you can sell your work to the NFT seller's web provider and you will get paid in the form of crypto.
and vice versa you can also buy other people's NFT and pay for it using crypto. an example that provides NFT buying and selling
Binance, Bake, Jojo and many more
2. Trading in "future" with you trading here you can also get profit in crypto quickly but if you are wrong in
analyze then your money will be lost. The concept of "future" in crypto is similar to trading in forex, but what is traded in this future is crypto.
In my opinion, there are 5 options that you can do to make a profit in the crypto world.
I think to start not only through bitcoin, because the price of btc is now too high. if for beginners, you can try investing in coins that are in the top 10
the best coin with a large market cap. crypto is not just btc only, many other coins are good and can be invested.
multiply references and information before entering crypto
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: 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.
IMO, of all the three ways that you mention, I believe trading and investing are better because the risk can be minimized by choosing the right platform to invest your asset, while when it comes to gambling I disagree with it because I believe gambling can bring more harm than good. and of course, it was very addictive thats why can put your life into misery and problems.
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