WHAT OPPORTUNITIES DOES CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY OFFER? - page 2.

sunsilk

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Quote from: justinlamode on May 16, 2023, 05:54:34 AM

I joined cryptocurrency in 2021 based on recommendation from a friend. Since then, I focused mainly on trading in exchanges. By this I mean, buying in exchange and holding till price rises and I sell for a profit. I wouldn't say it was a bad experience entirely but it is a slow process that tests patience, wisdom and greed.

Nevertheless, I believe there should be more ways one can find opportunities of making money from blockchain technology in general; this is the reason for this thread.

Well, that strategy you've been doing is the strategy for the many. And you know what, there are even more patient people that you can ever think. Like buying during the bear market and will hold it for years until the cycle comes again and goes back in the bull run.

Quote from: justinlamode on May 16, 2023, 05:54:34 AM

Kindly, give recommendations as to how one or what one can do to make income (passive or active) from cryptocurrency and blockchain technology.

Be a skilled guy that focuses in blockchain technology and development. There are still a lot of demand on it and it's not yet a saturated market for being a skilled person on this space.

macson

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Quote from: justinlamode on May 16, 2023, 05:54:34 AM

I joined cryptocurrency in 2021 based on recommendation from a friend. Since then, I focused mainly on trading in exchanges. By this I mean, buying in exchange and holding till price rises and I sell for a profit. I wouldn't say it was a bad experience entirely but it is a slow process that tests patience, wisdom and greed.

Nevertheless, I believe there should be more ways one can find opportunities of making money from blockchain technology in general; this is the reason for this thread. Kindly, give recommendations as to how one or what one can do to make income (passive or active) from cryptocurrency and blockchain technology.

You are already on the right track by starting trading a few years ago ^{(based on your words)}, all you need to do is improve your skills and patience, if you have mastered both well then increase your trading capital. remember, trading is one of the best ways to earn more crypto.

for advice on passive income in trading, i can't give the right advice because i didn't do that but don't you have the intention to open your own small business and then use cryptocurrency as a payment method, if indeed in your country it's not a problem then you will be a pioneer in the city or neighborhood where you live.

Gallar

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Quote from: justinlamode on May 16, 2023, 05:54:34 AM

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Nevertheless, I believe there should be more ways one can find opportunities of making money from blockchain technology in general; this is the reason for this thread. Kindly, give recommendations as to how one or what one can do to make income (passive or active) from cryptocurrency and blockchain technology.

Basically, the way to make money through crypto is definitely to make buying and selling transactions or what is called trading. But if you ask what ways you can make money through crypto, apart from trading. As far as I know, the way to make money is like mining bitcoin, or other crypto too, like litecoin and ethereum classic.
Staking on crypto.
But in essence, all of these methods all lead to trading. Whether it's long/short term investing, staking crypto and mining. Surely everything ends in the name of trading.
Because in my personal opinion, if you are an expert and experienced in trading. I'm sure it will be a regular and reliable income.

Zaguru12

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Quote from: justinlamode on May 16, 2023, 05:54:34 AM

Nevertheless, I believe there should be more ways one can find opportunities of making money from blockchain technology in general; this is the reason for this thread. Kindly, give recommendations as to how one or what one can do to make income (passive or active) from cryptocurrency and blockchain technology.

Trading is one of the ways to earn from cryptocurrency. Another way again is integrating its payment method into your business, this will allow you to earn some income as the price increases but the risky of losing is also there.
If you want to earn from blockchain then you need to be a developer or kind of software engineers, there companies that employ people with the coding skills and since the whole thing isn’t that rampant there is opportunities still much available in this space. You can also be a cryptocurrency or rather bitcoin miner and engage in the mining process.

All of these things needs funding and knowledge, for someone who doesn’t have any basic knowledge you need to seek one first. The only way to earn cryptocurrency for free is through the internet faucets where you get paid in coins for performing some tasks, but this also doesn’t generate any significant income again

Onset

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There’s so much more to it than just how much money you can make. If you stop looking for the money and start looking at the actual changes it made to society and finance, you’ll understand so much faster why and how Bitcoin is the future.

Opportunities are many. You get free banking with no contracts and restrictions in countries where unbanked are many. There’s nobody you have to ask for permission to send money to somebody else. You send it whenever to whoever you want. You can set up a Bitcoin payment system for your business and stop accepting the commissions banks take for transactions your customers make. Or you can just invest in Bitcoin and be part of the future. But again, the spectrum of opportunities is so much wider than you think.

Understand Bitcoin and use all the opportunities you see around. By taking these opportunities, money will come to you naturally. By earning the % you used to lose through bank POS contracts, by inviting Bitcoin enthusiasts to your business, by purchasing amounts of Bitcoin that become twice as hard to mine every four years and much more.

justinlamode

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I joined cryptocurrency in 2021 based on recommendation from a friend. Since then, I focused mainly on trading in exchanges. By this I mean, buying in exchange and holding till price rises and I sell for a profit. I wouldn't say it was a bad experience entirely but it is a slow process that tests patience, wisdom and greed.

Nevertheless, I believe there should be more ways one can find opportunities of making money from blockchain technology in general; this is the reason for this thread. Kindly, give recommendations as to how one or what one can do to make income (passive or active) from cryptocurrency and blockchain technology.

Topic: WHAT OPPORTUNITIES DOES CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY OFFER? - page 2. (Read 283 times)