Topic: advantages in the cryptocurrency industry - page 8. (Read 894 times)

If you talk about advantages about this industry, well there's a long list of if like you can protect yourself from infation, manageable coins without the need of intermediaries, fast and easy transactions and secure.

Well as you state, yes trading and proper investing of your chosen altcoins is a must thing to do in this industry. But it varies on how expert you are and how you studied your chosen field. Gambling isn't for profits because there's no assurance on it.

Risk and profit are two elements that cannot be separated when trading. Of course, traders need an understanding of blockchain and learn the basics of the target cryptocurrency in order to be successful in trading.
Not only that, traders also have to develop a careful plan so as not to make the wrong decision.

Yeah, Bitcoin and Ethereum become very good investment instruments. Before making an investment, some novice investor expect big profits at the beginning of investing. This is clearly impossible, because their ability and knowledge about cryptocurrency is still very limited. For this reason they have to make targets according to their wishes, and of course they have to stay consistent in order to get maximum results in cryptocurrency investments.

Gambling is like a match of fate, gambling can bring good luck if they win the game and will get big enough money. But in fact behind all the fun there are many negative impacts.
-  Gambling players will experience DEPRESSION when they lose and lose large amounts of money.
-The most tragic thing can happen when a gambler makes all the money he has as a bet that ends in defeat, when a gambling player loses his property or is unable to pay the borrowed money used to play gambling, this makes them vulnerable to SUICIDE.
- When gambling players are addicted to gambling and do not have any assets, they will think of alternative ways to earn money fast, This condition encourages gambling addicts to STEAL other people property as capital to play again.

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in my opinion, Gambling is not the right way to make money, because no gambler always wins and never loses.

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.

It is true that there are advantages to be had from cryptocurrencies. Choose good projects and continue to practice skills while trading. Be patient and don't be careless with market conditions. Cryptocurrencies actually have many advantages, especially when it comes to economics. Even when you trade there you are also invited to learn to understand the types of markets and other information.

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.

But it was also a risk and with fiat money you can also do those things, some things that comes to my mind that was an advantage of the fast and cheap transaction as well as ability to make investment, gambling and trading even using mobile devices and you can do it anytime and anywhere as long as you have internet connection.

You are wrong to make a profit in the crypto industry in many more ways.
-You can still create a project and make money on it if people are interested in it.
-defi, in this sector you can make a profit while bearing not big risks it looks like a bank only money is in a smart contract and not in a bank.
-You can also get money through Bounty programs or Airdrop. And i just ran over the tops.

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 increasingly the many variations of the coin offered. The increase in activity was also encouraged by the emergence of the increasingly diverse Crypto Exchange Platform.

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.