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Author Topic: WHAT OPPORTUNITIES DOES CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY OFFER?  (Read 272 times)
CryptoHeadlineNews
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May 17, 2023, 06:30:49 PM
 #21

Nevertheless, I believe there should be more ways one can find opportunities of making money from blockchain technology in general; this is the reason for this thread. Kindly, give recommendations as to how one or what one can do to make income (passive or active) from cryptocurrency and blockchain technology.
There are lots of opportunities that cryptocurrencies offer, such as the ability to be in charge of your funds through its decentralized blockchain technology, ability to trade through it's volatile market nature, ability to execute transaction across borders in less than few minutes and ability to earn passive income through it's peer2peer trading, which I recently just started on Binance and I have been making a few decent profit each day from my Naira to USDT buy and sell, whereby I normally charge #100 for a transaction between 5 to 8 USDT.

 
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TheGreatPython
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May 18, 2023, 01:34:00 PM
 #22

I joined cryptocurrency in 2021 based on recommendation from a friend. Since then, I focused mainly on trading in exchanges. By this I mean, buying in exchange and holding till price rises and I sell for a profit. I wouldn't say it was a bad experience entirely but it is a slow process that tests patience, wisdom and greed.

Nevertheless, I believe there should be more ways one can find opportunities of making money from blockchain technology in general; this is the reason for this thread. Kindly, give recommendations as to how one or what one can do to make income (passive or active) from cryptocurrency and blockchain technology.
Cryptocurrencies are not a get-rich-quick scheme, so the process will obviously be slow unless you choose to invest in HYIPs and pyramid schemes where you are promised big returns for doing nothing at all that too in a very short period of time, but what you get at the end is an empty wallet with broken hopes and dreams.

Other than trading, one can use DeFi protocols to stake cryptocurrencies to earn interest but that is an even slower process than trading itself, and it has higher risks as well since you never know when a project or a protocol shuts down with your funds staked in it.
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May 20, 2023, 08:24:55 PM
 #23

NFTs
You can make and trade unique digital assets like art, collectibles, or virtual land to potentially earn profits from their appreciation or through royalties. You probably need to join communities too, so you can have more success in NFTs.
NFTs are nothing more than a sinking ship, it is not possible for anyone to create and sell NFTs or buy and sell NFTs to get profit. There are thousands of people who try to do that but only a few succeed in doing that since marketing NFTs is not a joke and you can barely find someone interested in buying your NFTs unless they are too attractive.

Only some brands or groups have got significant success in NFT marketplaces and individuals can barely get that much success since they can't find clients or finds it difficult to promote their NFTs or collections.

Cryptomultiplier
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May 20, 2023, 09:18:09 PM
 #24

The first most important knowledge you should have, should be that of computer operation. Do you know your way around a computer if no one is guiding? How much do you understand about Blockchain technology?

Opportunities that abound in Blockchain would require the above questions answered first, because some basic skills that would set you apart, is that of programming and graphics design, web design. I wouldn't really talk much about coding because that is way too advanced and a different kettle of fish.
With this interest you can sure create opportunities for yourself and as you have joined this forum, you should be  introduced to the design section where designers get to launch their ANN and get jobs.

We have to explore beyond the normal NFT, trading and mining brouhaha and get the best from digital advancement, mostly as regards Blockchain and cryptocurrencies because they are simply what the future holds in grasp.

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Guidru
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June 01, 2023, 02:31:54 AM
 #25

The decentralized system of cryptocurrency and blockchain technology removes many of the restrictions and obstacles in the traditional financial system, such as lower transaction costs, faster transaction speed and greater transaction freedom.
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June 01, 2023, 03:02:12 AM
 #26

I joined cryptocurrency in 2021 based on recommendation from a friend. Since then, I focused mainly on trading in exchanges. By this I mean, buying in exchange and holding till price rises and I sell for a profit. I wouldn't say it was a bad experience entirely but it is a slow process that tests patience, wisdom and greed.

Nevertheless, I believe there should be more ways one can find opportunities of making money from blockchain technology in general; this is the reason for this thread. Kindly, give recommendations as to how one or what one can do to make income (passive or active) from cryptocurrency and blockchain technology.
There are lots of things that crypto currency have to offer, in the world such things are as follows:
  • Transfer of money from country to country are way faster unlike banks that will take-up 2-3 days depends on the bank sometimes
  • Blockchain technology will help regarding running programs that will have less downtime or nothing at all depending on how they will use the technology
  • Security since it will not be tampered that easily
  • Fee's are much lower when transferring large amount of money with faster transactions like what i said from the start
There lots of thing that this technology can improve our daily lives and its right there waiting for us to discover it.

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