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  • (01. January 2010., 10:27:49)









Author Topic: Simple methods of earning money from your digital currencies  (Read 268 times)

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BuBu Lay

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Try to analyze how Bitcoin, Ethereum,or GXG token (or digital currency) is profitable from an industry perspective.At first, talk about the current industry distribution of Bitcoin and how to find money step by step. Here are a few steps to start making money with digital currency.   
Upstream, mainly associated with mining. Middle stream related with exchanges functions and downstream will go with wallets, payment and more things on entertainment.
 
We will not discuss technical details here.  Below the steps will note your way of cryptocurrency investment.

Cryptocurrency Mining Pool and Farm

From a commercial point of view, mining has the lowest threshold. Although a professional mining machine is required now, he still buys a mine here. Machines can participate in revenue (miners), and when they get bigger, they can open mining farms. Regardless of risks, everyone should understand that if you have money to buy mining machines, you can open a mining farm.

 If you are an internet professional, you must be familiar with mining pools. Mining pools exist to avoid the dangers of mining farms.   
It also needs to be reduced so that miners can secure their income during droughts and floods. Now mining will be connected to the mining pool, which theoretically only needs one server and one programmer. So you need to ship miners to your pool.

Way of making money from cloud mining

The model obtained from the mining pool is called cloud mining, that is, the mining pool builds its own mining farm and purchases mining machines by itself. Whoever wants to mine does not need to take the risk of mining machines and electricity costs, and only needs to buy a copy of the website's computing power Contracts involved in mining.    
This model is more suitable for ordinary consumers.

Mining Mechanism

There is a certain threshold for doing business with mining machines. You must produce and build mining machines. This can be difficult to do if you are not in business.   Currently, good miners are highly profitable, and most bulls are not worried about selling. Ant extraction machines are always sold out. That is to say, the current mining threshold for Bitcoin and Litecoin is very high, and it is difficult for miners to do this. If you are interested in researching miners, you can follow other potential currencies.    

Exchanges

Everyone knows how to make money on crypto exchanges. Since ancient times, bookmakers have been making money. It's like casinos and intermediaries. Everyone loses a lot of money and earns less, but exchanges are guaranteed income. Foreign exchange income consists mainly of two parts: compensation (commission) and distribution income.   

Wallet and Crypto Wallet

The crypto purse or wallet is considered downstream of the sector. Currently, it is more difficult to do this than in previous directions, but not impossible, for example, hardware wallets selling equipment for earning, online wallets, bitcoin financial management, etc. In this direction, these projects focus on solving the problem of bitcoin storage. Hardware wallets focus on security by selling hardware to earn money, online wallets are generally free and therefore earn money through other channels such as exchanges. The financial management of bitcoins is about using money contributed by users to get money (the most direct way is to mine it) and then paying interest to users.  This model does a great job without anything.

Bitcoin payment business is still relatively difficult in China, because there are not many merchants willing to log in, but in Japan, the popularity of payment will be much better. If you are optimistic, you can use the 2b payment scheme, lightning network service providers (similar to Alipay), etc.

Arbitrage

Compared to buying coins and then holding them, or buying futures to bet on a direction, a smarter but still speculative method of investing is called arbitrage. Arbitrage methods in the currency circle mainly include motion arbitrage, futures arbitrage, motion brick refers to arbitrage.    

When the spread between different exchanges reaches a certain price, buy cheap bags, collect coins, and sell them in expensive bags to earn the difference. The risk mainly comes from the speed with which the funds are withdrawn (the risk can be hedged). Here are some of the ways digital currencies can help you make money with simple upstream, midstream, and downstream methods. 

Investing in Gaming and Gambling crypto tokens or coins

For the most part, these are gambling. The Bitcoin father Satoshi Nakamoto was very popular. There are still many gambling projects for digital currency such as GXG Metaverse Gaming Platform which is deployed on the Binance Smart Chain announcing their platform’s currency with GXG token. That is the equity token of a metaverse platform with the play-to-earn model. Play the GXG games or collect the reward tokens definitely from placing stakes whatever lose or win or purchase the token directly on the platform. That is a way of investing on the gaming crypto tokens upon the gaming or gambling platforms. Buying coins on your own, or better put, investing in digital currencies is a way to make money with uncontrolled risk. As a conservative investor, the way to make money by buying and selling coins is very wide, even if you are making money.    

Therefore, you may collect some advice to start your cryptocurrency investment, for more articles and investments, join GXG Metaverse Gaming Platform.

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