This is How You Can Make Money with Cryptocurrency – DailyForex.com

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What started with Bitcoin in 2009 has now become a $2.5 trillion industry. One of the fastest-growing asset classes in financial markets as we enter the 2020s in terms of value and adoption is cryptocurrency. The year 2020 saw more retail and institutional investors enter the cryptocurrency market than at any other point in the industry’s decade-long history.

As the market grows, so do the available opportunities. In the past, there were limited ways people could earn money from cryptocurrencies. However, the introduction of new services and products have increased the range and number of opportunities open to you to make money from Bitcoin and other cryptocurrencies, and not only by investing or trading.

Read on to find out some of the ways you can make money from crypto, including but not limited to investing or trading. If you already know what cryptocurrency is and how it works, skip the first section below.

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What is Cryptocurrency and How Does it Work?

Cryptocurrency is cryptographic, digital currency that operates through a decentralized blockchain technology network. Cryptocurrency coins are secured by cryptography, making it virtually impossible to counterfeit them or double spend. What makes cryptocurrencies unique is that they are not issued by central banks or governments, usually have a defined supply which cannot be arbitrarily extended and are (so far) relatively free from government interference and manipulation. As such, many believe that cryptocurrencies represent a superior store of value to fiat (government issues) currencies, and as such are likely to rise in value in terms of fiat currencies, giving traders or investors an edge on the long side.

Cryptocurrencies are designed to enable secure payments online between two parties. Cryptos operate in a peer-to-peer manner, with no intermediaries. They work using blockchain technology, in which every computer involved in cryptocurrency transactions plays a role in managing and recording transactions, making registry fraud extremely difficult to execute.

Top 10 Ways to Make Money with Crypto

There is a surprisingly wide range of different ways you can make money with cryptocurrency:

  1. Buy and HODL

If you were to ask a random person with little crypto knowledge how to make money with cryptocurrency, the first answer you will receive is to buy and hold. This is because it is the most popular way of earning money from the market. It involves buying Bitcoin or other cryptocurrencies, hodling it for a few months or years and selling it when the price increases. The investing strategy here involves doing your research and identifying a coin you believe has the potential …….

Source: https://www.dailyforex.com/forex-articles/how-to-profit-from-cryptocurrencies/169823


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