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tech-savvy must be rich lol, unfortunately, I'm not. I wish I am. Of course, they'll get a good income because not many can do that, even not many tech-savvies familiar with blockchain, the talent is still rare. However, I still love bounties and airdrops. I love how it can give you money yet challenges, and probably some freedom to be a flexible worker. So what about trading? isn't that a great source of income too?. People with good knowledge, analysis, and instinct might become successful traders I think.
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great insights for newbies, thank you for this. I would like to add some popular advice too if I may.
1. Don't spend your daily living money, make sure it's cold money, money that you afford to lose. When you trade with sanity, you won't take a bad and rush decision because of a panic state. That's why this is important.
2. Don't easily trust or sympathized with anyone in this crypto sphere, you have to count on yourself and do your own research since this is a harsh world.
I hope it will add the insights
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It is risky to invest in cryptocurrencies in general lol since there's really no guarantee that we're in a safe hand to do some business in this space with no regulation etc. That's why people always warning you to invest cold money, invest money you can afford to lose. Talking about new coin/tokens, yes of course it has its own kind of risk. However, it also has its own advantage. sometimes you can gain multiple times from a steady project. Those that have a higher risk, have higher profit gain. It depends on us to play the game.
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I believe we can't directly decide that this is a red flag of course. We need to consider other things too. We need to learn the project more carefully if this the case. You have to dig deeper to the core of the project. How logical the project is, what product they offer and how real is the use case, who supports them etc. It's probably right they need to be anonymous. Apparently, many projects who introduce their identity still doing some fraud, because it's only a fake identity anyway.
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I agree with you, but I've never met those projects where we can transfer the specific items to other games before, it's very interesting really. About NFT, I think the usability, for now, is still limited to the creative industry but I believe in the near future all will be developed and NFT can be used in other industries too. What makes me so mesmerized about cryptocurrencies is how people compete in having many great concepts and try to implement them into one project. On one side it's amusing, but on another side, of course, there's a negative effect too.
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nice insights, If I may add probably these things could help too :
a. The developers, you can do some check and re-check regarding team members and developers or any information about them. If it's reliable and makes sense it can be a good sign
b. How precise the roadmap and reality or may I say the achievement. A good developer usually will try so hard to make sure the road map is fulfilled. Even though it's not 100% precise, at least it's not that far from the road map that has been planned. Good developers always attract people to invest.
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For some people, it's probably ridiculous, but I see NFTs as one of the new ways and media to appreciate artists or art itself. A new way to appreciate one unique thing that unreplaceable and has an intrinsic value. This kind of thing doesn't have the same value for each people. It's just the same way with the physical one, you can never judge people's sense of art and sentimental side since it's actually really personal. NFT's just the sign that the world has changed, anything physical will go digital at any time.
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