HOW TO MAKE MONEY IN CRYPTOCURRENCY MARKET
Before discusing how to make money in cryptocirrency market or space, let me explain cryptocurrency to you in a simplest form, to make you understand better
What is CryptoCurrency?
A summary of what Cryptocurrency is and it’s opportunities.
Cryptocurrency is a digital money or asset that can be used for exchange for goods and services, it can also be converted to any country’s native currency.
My simple definition is:
Cryptocurrency is just Digital Money that can be converted to physical cash.
Examples of Cryptocurrencies include Bitcoin, Ethereum, Ripple, Litecoin, ZENIQ coin, Matic, Binance coin, Litecoin, USDT, DAI, etc.
We have over 20,000 different Cryptocurrencies on the coin market and Cryptocurrency exchanges. Check nomics.com to see the price and statistics of any Cryptocurrency with Bitcoin as No. 1 on the list.
Cryptocurrency is the latest form in the evolution of money and this money have the capacity to appreciate in value to the extent can create wealth depending on your holdings..
The technology that powered CryptoCurrency is called “Blockchain technology”.
Without internet, WhatsApp or Facebook can’t work, same with Cryptocurrency, without Blockchain, Cryptocurrencies can’t work.
Are you passionate about crypto currency and you’re also tired of hearing people cashing out on a daily basis but don’t seem to understand how?
In the cryptocurrency market, trading can offer a lot of profits and here’s how you can begin to earn money without having to invest too much.
This will help you to become a professional in trading cryptocurrencies without having to spend a fortune.
In fact, if you’re disciplined enough and are willing to stick with it, you can begin turning a profit within as little as one week. Such earnings can range from $100 per month upwards.
HOW TO MAKE MONEY IN CRYPTOCURRENCY MARKET
As you know surely that we are in a bear market, but nevertheless you can still make money even in this type of market condition.
SEE ALSO : HOW TO MAKE MONEY IN A BEAR MARKET
By the time you read this piece of information to the end, then making money in the Cryptocurrency industry shouldn’t be a problem to you.
Perhaps if you have been thinking of a way to make some money,
Here are some ways you can make money in Cryptocurrency even in this current market condition
1. Trading And Investing
This is quite the most popular way people make money in the crypto industry. Even though lots of people have also lost a lot with this.
This segment of crypto industry includes some high risk, and a good skill. It is advisable to learn, before jumping into it.
But making money with it this method this period needs a high skill, and also, it’s advisable to always trade high probability spot trading. Where by you buy when it dump, and sell when it retrace up.
2. Cryptocurrency Job
This sector of the Cryptocurrency industry is kinda underrated and many people seems to ignore it.
Meanwhile, few people who are into this print money out of this weekly and monthly.
3. Over The Counter
This is a very common form of trading in the crypto industry, where you buy a coin at a low rate and sell at a very high rate.
This sector seems saturated, but some are still making thousands out of it daily, you only need to learn your way out of it. So check it out.
There are several other ways of making money in this Crypto Market which I will mention few of them
These includes
Minting
Buying and Holding.
Consultancy
Doing job to earn in Cryptos.
Smart Contract.
Airdrop
Skating.
Etc
Some countries of the world have legalize Bitcoin as a legal tender, like El Salvador, Central African Republic, there are universities and institutions that accept Bitcoin as tuition and payment means like University of Nicosia in Cyprus, Amazon etc.
The one that is easy to start with is OTC trading.
If you invest in something, it is important to choose a company, such as Coinbase or Binance. It is important to fully understand its vision, operating conditions, performance and future potential.
The same goes for cryptocurrencies. What is its vision and what are its advantages in terms of technology and applications? We need to be very clear.
I only invest in things that I fully understand, which is necessary to understand cryptocurrencies. It was born based on the blockchain. Therefore, understanding blockchain is crucial.
For example, ETH, its chain is the Ethereum chain. Blockchain is a way of storing information, but not the one that is widely used today. It prevents information from being tampered with. This is its biggest feature and the reason why it supports a total cryptocurrency market cap of up to 3T.
Know that the biggest slogan of cryptocurrencies touted by some is that they can replace fiat currencies. It might be possible, but it would take a long time to implement. Because despite bad monetary policy, the credit of the dollar is not completely overdrawn.
For example, the current world currency is the US dollar. But even Americans have not benefited from monetary policy. Only financial capitalists can make big money.
I hope this piece helps.
The earlier you act, the better.. let’s make money together..