advantages in the cryptocurrency industry

[Twinkledoe]

Now meme tokens are very popular because they allow earning even more money than buying other coins and tokens.
A lot of people pays attention to meme coins because it is funny and profitable, like this https://twitter.com/defidotoken/status/1438810085636116482

Promotion is necessary for all projects not only for meme coins. Now meme coins usually are used only for speculations.

Meme coins spends a lot of money for promotion. It is very important to attract attention to meme coins and promote them to create demand in the meme coins.

But once the hype is over, you may possibly be the holder of worthless tokens. This is the dilemma of holding this kind of token, you are unsure with their future, or will there be a future for this token? If you want a lil bit of insurance, you can allot some to established coins like btc. Don't go all in in meme tokens because they have a very doubtful future.

[1714675524]

1714675524

[Vaculin]

Now meme tokens are very popular because they allow earning even more money than buying other coins and tokens.
A lot of people pays attention to meme coins because it is funny and profitable, like this https://twitter.com/defidotoken/status/1438810085636116482

Promotion is necessary for all projects not only for meme coins. Now meme coins usually are used only for speculations.

Meme coins spends a lot of money for promotion. It is very important to attract attention to meme coins and promote them to create demand in the meme coins.

But once the hype is over, you may possibly be the holder of worthless tokens. This is the dilemma of holding this kind of token, you are unsure with their future, or will there be a future for this token? If you want a lil bit of insurance, you can allot some to established coins like btc. Don't go all in in meme tokens because they have a very doubtful future.

They gonna hold for nothing, this is what mostly happens.
I assume that those who invest in meme coins could already have an exit plan once the market turns to bearish again. Having the chance to sell them at high is an opportunity because once the hypes are over, recovery has become uncertain and I'm worried to think of how many newcomers, new investors will lose their money and cry in vain. Market anticipation is somewhat important and must not be ignored before it is becoming late.

[NicNacCoin]

Where there are many advantages there are many risks. Before taking advantage of anything there is a need to take advantage of the maximum risk there. Cryptocurrency is not easy to survive.Here you have to survive with the highest ricks. Then if you can work in cryptocurrency the most benefits are available here. Here you can do everything in moments.If you use your fortune you will become the owner of a lot of money in a moment.You can transfer millions of rupees in nanoseconds.Here you can work all day.

[Finestream]

Where there are many advantages there are many risks. Before taking advantage of anything there is a need to take advantage of the maximum risk there. Cryptocurrency is not easy to survive.Here you have to survive with the highest ricks. Then if you can work in cryptocurrency the most benefits are available here. Here you can do everything in moments.If you use your fortune you will become the owner of a lot of money in a moment.You can transfer millions of rupees in nanoseconds.Here you can work all day.

There are a lot more reasons to stay in crypto because of its own advantages rather than staying in fiat all the time. Since its decentralized, you can make millions of money without having traced by the government. And knowing there is high profits in crypto than in fiat, no wonder there are more millionaires in crypto than in fiat. And when we talk about the security of your money in crypto, its totally built safe and secured because it can't be hacked or stealed, unless you are irresponsible of your own account and you came up sharing your private keys.

[harizen]

There are 3 options to profit in the cryptocurrency industry. according to my version like this:
 - Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
 - Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
 - Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)
Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.
There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.

Nice advice but for me no need to wait to reach the capability to understand the whole concept of cryptocurrencies and how volatile this market is. Basic knowledge is enough to start and for people to fully understand what they are doing is to engage themselves in the actual scene. With active money on risk, they will feel the pressure of dealing in the market volatility and how to profit from it.

The process will be learned automatically as long as these people are serious to learn. As I always said, "trust the process".

[nikita2020]

Now meme tokens are very popular because they allow earning even more money than buying other coins and tokens.
A lot of people pays attention to meme coins because it is funny and profitable, like this https://twitter.com/defidotoken/status/1438810085636116482

Meme coins spends a lot of money for promotion. It is very important to attract attention to meme coins and promote them to create demand in the meme coins.

Many meme coins are used for speculations. They have a big volatility and many people earn money on exchange rate fluctuations.

[FanEagle]

Nice advice but for me no need to wait to reach the capability to understand the whole concept of cryptocurrencies and how volatile this market is. Basic knowledge is enough to start and for people to fully understand what they are doing is to engage themselves in the actual scene. With active money on risk, they will feel the pressure of dealing in the market volatility and how to profit from it.

What is the basic knowledge that you are meant to know about cryptocurrency if not the fact that it is volatile and that it is used for transactions? Before anyone starts to invest in cryptocurrency they needs to know about it, at least know that there are risks that are involved when their money goes into it. They need to know that it is volatile, because if they don’t know this,  then they are going to end up regretting later why they invested in it.

Why it is good to have the knowledge on this is because most people , if they are not aware of the risks that are involved,  they might end up investing too much in it and at the end they will regret it because they will be hit by too many losses in the market.

[TimeTeller]

Nice advice but for me no need to wait to reach the capability to understand the whole concept of cryptocurrencies and how volatile this market is. Basic knowledge is enough to start and for people to fully understand what they are doing is to engage themselves in the actual scene. With active money on risk, they will feel the pressure of dealing in the market volatility and how to profit from it.

What is the basic knowledge that you are meant to know about cryptocurrency if not the fact that it is volatile and that it is used for transactions? Before anyone starts to invest in cryptocurrency they needs to know about it, at least know that there are risks that are involved when their money goes into it. They need to know that it is volatile, because if they don’t know this,  then they are going to end up regretting later why they invested in it.

Why it is good to have the knowledge on this is because most people , if they are not aware of the risks that are involved,  they might end up investing too much in it and at the end they will regret it because they will be hit by too many losses in the market.

Volatility is the common reason why people go into this market.
This is for the hope that they will get good profits but most of them failed to recognize the fact that it is not easy to get profits if you don't know yet the market.
Because if you are new and suddenly the price goes down, you will panic for no reason.
The up and down movement is very normal in this market, and that is the factor you want to take advantage to get your profits.

[AhmadM]

There are 3 options to profit in the cryptocurrency industry. according to my version like this:
 - Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
 - Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
 - Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)

There are more many ways to generate some profits in cryptocurrency fields, such as providing your own service/skills and getting paid in crypto (it could be btc, eth, or etc). As for gambling, I firmly say don't ever think of it as a way of earning some money. If people couldn't afford to lose money in this industry then it better to stay away or would be great if they don't start with it from the beginning

Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.
There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.

Thats what we called with DCA strategy I guess, if people buy it continuously for sure they would feel the fluctuations and how volatile the crypto fields.

[purka5]

Now meme tokens are very popular because they allow earning even more money than buying other coins and tokens.
A lot of people pays attention to meme coins because it is funny and profitable, like this https://twitter.com/defidotoken/status/1438810085636116482

Many meme coins are used for speculations. They have a big volatility and many people earn money on exchange rate fluctuations.

To be used for speculations it is necessary to have listing on exchange. Raise of the price attracts a lot of attention, that is why people buy meme coins hoping to get more profit.

[susuberuang]

To be used for speculations it is necessary to have listing on exchange. Raise of the price attracts a lot of attention, that is why people buy meme coins hoping to get more profit.

Obviously, the hope is only one, which is to have more and more profitable profits than the previous one because the purpose of choosing any memecoin is to double their capital in the near future, so it certainly wouldn't be wrong in my opinion.

[camat gampong]

Many meme coins are used for speculations. They have a big volatility and many people earn money on exchange rate fluctuations.

And it's only temporary because any memecoin never stays at a better price in the long term or never stays at the ATH price for a long time, so choosing it is not wrong, but always be prepared to take risks and be more careful heart.

[jonathan6655321]

There are 3 options to profit in the cryptocurrency industry. according to my version like this:
 - Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
 - Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
 - Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)
Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.
There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.

I like this thread tbh. Sometimes I'm too much in the market that I forget we are pretty unique. Among my friends and family, I'm the only one who hold crypto for years, and it seems like people are getting into it every few years when there's hype but then once they lose their money they forget about it xD.


IMO the advantage of crypto it's also a disadvantage. To better understand the whole ecosystem you need to be technical, keep up with the latest news, and understand how to cash out when needed.
Since you need to be technical, many people just can't understand or don't have the patience to get into crypto. In many cases those people can be wealthy, so they have the money, but not the knowledge to actually do it.

It gives the people who do know what to do a small advantage when it comes to making a profit.

[Iminingpro]

Now meme tokens are very popular because they allow earning even more money than buying other coins and tokens.
A lot of people pays attention to meme coins because it is funny and profitable, like this https://twitter.com/defidotoken/status/1438810085636116482

To be used for speculations it is necessary to have listing on exchange. Raise of the price attracts a lot of attention, that is why people buy meme coins hoping to get more profit.

Not only meme coins are used for speculation. All coins and tokens are actively used for speculations.
But for meme coins liquidity is necessary. It must be simple to buy and sell the coin.

[David.Jack]

There are 3 options to profit in the cryptocurrency industry. according to my version like this:
 - Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
 - Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
 - Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)
Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.
There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.

Cryptocurrency is another new form of investment but its working path is different from the existing linear stock investment. A lot of blockchain Cryptocurrency advantages and some disadvantages are based on community identification. The trading market fluctuation would be impacted by its value. Before involving, should be pre-accepting and understanding of digital assets risks. 

[Hobo66]

It is fact that there is no guarantee of profit and gain in cryptocurrency industry. Lots of people loss their money due to lack of knowledge. But there are also so many advantages of cryptocurrency industry. Like there is no need of third party. It is very safe and secure method for payment. It does not need any personal information. The transaction is very quick.

[Cling18]

Cyptocurrency investment is fairly at high risk. There have been many stories that have lost their money when the price of cyptocurrency freefall.

Cyptocurrency trading activities have increased every year along with increasing the many variations of the coin offered. The increase in activity was also encouraged by the emergence of the increasingly diverse Crypto Exchange Platform.

Any type of investment has its risks and cryptocurrency isn't an exception to it. That's the reason why new investors are always advised to do their own research first so they would know the capability of the coin that they're buying. Searching is an advantage in the crypto world because, through it, we'll know how to deal with the market.

[safari88]

Cyptocurrency investment is fairly at high risk. There have been many stories that have lost their money when the price of cyptocurrency freefall.

Cyptocurrency trading activities have increased every year along with increasing the many variations of the coin offered. The increase in activity was also encouraged by the emergence of the increasingly diverse Crypto Exchange Platform.

Any type of investment has its risks and cryptocurrency isn't an exception to it. That's the reason why new investors are always advised to do their own research first so they would know the capability of the coin that they're buying. Searching is an advantage in the crypto world because, through it, we'll know how to deal with the market.

Well said. As per OP’s statement, no one should make an investment yet, unless one is fully able to understand the nature of the market and how does coins love up within the market. Indeed, any investments, especially those that are unfamiliar and not fully grasp to an individual are most likely to be risky than ever.

[Coyster]

There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.

I second this, and to be honest, people need to come to the understanding that you can actually start small in the network, having the mindset that you must outrightly buy one Bitcoin before you can be said to be a Bitcoin investor is a misconception that really needs to be corrected. Mind you that you should only invest what you can afford to lose, so the best thing to do is to find a strategy of buying at intervals, and before you know it, you would actually own a stash that you'll be surprised how you accumulated all that. As far as price corrections are concerned, newcomers to the network must understand that it is a part of the network that is constant, you must learn to ignore it most times and make sure it doesn't send you panicking/selling.

[nikita2020]

Now meme tokens are very popular because they allow earning even more money than buying other coins and tokens.
A lot of people pays attention to meme coins because it is funny and profitable, like this https://twitter.com/defidotoken/status/1438810085636116482

Not only meme coins are used for speculation. All coins and tokens are actively used for speculations.
But for meme coins liquidity is necessary. It must be simple to buy and sell the coin.

For all coins and tokens it is necessary to have liquidity and a big community of users and developed ecosystem.
Also it is important to have listing on a big exchange.