Trader, Investor, Gamer or Blogger - Which Role Defines Your Place in Web3?

Welcome back,
A flood of possibilities are found in the world of Cryptocurrencies when it comes to making money. It can be categorized from risky to safe paths for how a person can make money in this area. Staking and earning on different cryptos is the easiest and safest ways to earn provided that you are dealing in top tier coins or stable assets. We have platform like hive where HBD, a stable secondary native token gives 15% APR.

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Play to earn concept are about how much and how early a individual invests in the project. The more early and the more money one injects, the higher the chances are for better return. Take example of any game you know, two facts shared above will work well. Then there are many other options like writing blogs which is actually not everyone's cup of tea but one can learn it and start their journey and hive can be the best platform at the moment and Ecency the best frontend for new users.

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Now let us bring our attention to one of the most risky ways of earning in this area. I am talking about trading and when we talk about trading it consist both spot as well as futures and to me both of them are risky if you are having zero knowledge of charts and if you have no patience and if you are someone who can't have control over their emotions because in trading one has to go against their emotions many times to take an action which he may not like. Trading requires time and patience, it also requires regular monitoring and if you are missing these things, better stay away from trading.

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On my yesterday's blog, I saw a comment and it became the reason for writing this blog. Lastly let us bring our attention to a long term approach, the way which can be used to earn money in this field in long term, so once again patience is the key here. It is known as being an Investor, it can be long or short term but compared to trading it is less stressful and here chances of making profits are higher even if the percentage of money you earn might vary when compared to a trader. Pick some safe coins like ETH, BTC, BNB and hold them as your long term investment and it will be rewarding for sure.

These methods were only few examples of how one earn money in Crypto world, there are many other ways like Liquidity pools, NFT's, creating your own coin, refer and earn etc by which earnings come.

Thank You and Happy Trading Everyone.