Make Money in Cryptocurrency or Stock Marketing: If you’ve been looking into making money online, then you may have come across various opportunities to make money with cryptocurrency or stocks. These are great choices if you want to generate passive income, but can you really make money with these methods? I decided to put it to the test by purchasing shares of one company and some cryptocurrencies and seeing what happened over time. Here’s how I did it and what happened at the end of the experiment.
The truth about making money with cryptocurrency
Many people are looking to make money by trading cryptocurrency but few can say with any honesty that they have found success. However, there is money to be made if you know what you’re doing and do it well.
And for most of us, we won’t see a dime of profit from investing in cryptocurrencies because so many people are pouring into these markets at once. There is nothing stopping anyone from making small sums of money here and there, but anyone who thinks they can become a millionaire overnight by buying cryptocurrencies probably needs to look a little deeper into reality.
The truth about making money with stock marketing
There’s a lot of hype and misinformation around stock marketing, cryptocurrency, and other ways to make money. One of our goals is to share our experience with you so that you can do your own research and make an informed decision. Because without hard work, none of these make money quickly schemes will work out for you.
The truth about making money blogging
People like talking about money. It’s one of those taboo subjects that’s constantly surrounded by myths and misconceptions. For instance, a lot of people think bloggers are just spending their days surfing and watching Netflix while earning an easy income.
The truth is far from it. In fact, a lot of bloggers work 16+ hour days at least 5-7 days a week to make ends meet. Earning money as a blogger takes time, effort, and persistence like any other job out there!
Why cryptocurrency won’t replace fiat currency
There’s a lot of excitement around cryptocurrency. But while many currencies are experiencing soaring valuation, it’s important to note that these currencies are still extremely volatile and may not be an effective replacement for fiat currency.
The truth is, cryptocurrencies don’t have any intrinsic value — if you want to buy a candy bar with your bitcoin, you can’t go into CVS and say I want to pay $1 worth of bitcoin for some milk duds. Why is that? Because no one will give you milk duds for your money unless they know what they can sell those milk duds for in order to get more money than they started with basically, they need something to tie their currency value to. To put this in perspective, the price of gold as I write this is at $1342 per ounce.
Let’s say that there was a new currency called GoldCoin (GLD) which had the same purchasing power as gold: One GLD would be worth one ounce of gold. Now let’s say you wanted to buy a house, but all houses were listed only in GLD.
It would cost about 2.5 million GLDs just to purchase the average home costing about 300k USD! Would you really use GLDs to buy food at the grocery store? Or would you just hold onto them waiting for their value to increase even further?
Bitcoin is here to stay
Despite its extreme volatility, many believe that cryptocurrency is here to stay. In fact, a number of startups are taking steps to shift their business models from an old-school push-style platform to a new school pull model.
Investors and entrepreneurs alike believe that like social media before it, blockchain technology and cryptocurrencies will continue to evolve and become more sophisticated over time. Even those who don’t invest should take note it’s important for every marketer (and small business owner) to understand what cryptocurrencies are, what they mean for businesses today, and where they’re headed tomorrow.
How you can use blockchain technology
As of January 2018, cryptocurrency is classified as a non-standard investment product by the South Korean government, so any type of trading carries significant risk. As such, most brokers that support standard investments don’t support cryptocurrency.
Additionally, many banks and financial institutions won’t deal with cryptocurrency accounts or trades at all even if they already offer other types of investment products. In short: cryptocurrencies are likely a great option for investment for those who understand them; however, it can be incredibly risky for those without expertise in trading and investing.
So if you’re thinking about investing your money into cryptocurrencies…think long and hard before you make any decisions. The future may not look like it does today!
Investing in stocks and cryptocurrencies
There are many new concepts out there, such as cryptocurrencies and stock marketing. These two exciting ways to make money seem pretty tempting, but it’s important that you understand how they work before investing.
If you don’t, it’s very easy to lose a significant amount of money while gambling on unrealistic returns. With that said, I will explain all of these options and tell you what they’re good for. Keep reading to find out if they are worth your time!
Cryptocurrencies will be regulated like standard investments
The SEC, which regulates stock exchanges and securities markets, does not currently have any policies for cryptocurrencies. In 2017, officials stated that cryptocurrencies are approaching a tipping point where they will soon become a popular investment option.
At some point, cryptos could be listed on exchanges alongside stocks and bonds. Once that happens—likely within two years, their value will almost certainly drop as more people purchase them with dollars from their bank accounts. To avoid losses once cryptos are regulated like traditional investments, treat them like what they are: risky assets worth investing small amounts of money into (preferably through a low-cost index fund).