Making money with cryptocurrency
WAYS OF MAKING MONEY THROUGH CRYPTOCURRENCY.
There are various ways of making money through Crypto currency, but majorly there's;
• Trading
• Investing
Trading- this involves the exchange of a crypto currency for fiat or other coins. Most traders trade daily, and have a good understanding of the market. There's also spot and futures trading.
These will be treated in another book.
Investing- This involves buying Crypto currency and holding it for a particular period of time (usually long term) with the hope or market prediction that it'd rise to a certain significant amount during that period.
Though investing can be a bit safer, they are both high risk either ways because you could invest in a coin and it only depreciates in the long run, and you could also buy a coin and sell at a loss as a day trader.
Generally, Crypto is volatile, thus the fear many have towards it. However there is a risk free aspect of crypto which many do not know about. And there comes the arbitrage opportunity, on how you can earn daily, weekly or monthly without risk.
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