The Truth about Getting Rich in Crypto

Time Stamp: March 4, 2022 9:33 AM
Source Node: 1198960

The-Truth-about-Getting-Rich-in-Crypto

Сapitalization growth of cryptocurrencies was the beginning of a new “Gold Rush”. The number of those who regret not investing in bitcoin in 2011 is approximately equal to the number of those who dream of becoming a blogger with millions of subscribers. This is one of the reasons why “meme” coins are so popular, the increase of fraudsters in crypto
and the number of crypto-millionaires.

There are plenty of opportunities to earn money in the cryptocurrency area, however, it is much easier to lose capital. The most common reason for this is wild volatility, which can create wealth in a short amount of time but can destroy it even faster. Each year there are stories of untold wealth, but also of people who have lost everything.

1) Become an investor. You can buy some amount of currency and wait until the price grows. But there is a problem – it is expensive to buy already “proven” cryptocurrencies. Many coins have already reached their ATH (all-time highs), so many are trying their luck buying “Noname” coins in the hope of #tothemoon. The most dangerous thing about investing is the FOMO effect (fear of missing opportunity). It forces not only beginners but also experienced investors to buy an asset that has risen in price because of the regret that they did not acquire it earlier. It also makes you sell when the price starts to fall. Overall, it incurs losses in most cases.

2) Become a trader. You can buy and sell currencies, play on the difference in the exchange rate. However, it is problematic to make money without the relevant experience, knowledge, and ability to control your own emotions. Popular Exchanges collect their profits on “hamsters” – people who are hungry for quick riches and are not ready to spend years on training. Many opponents of cryptocurrencies believe that the cause of the exchange rate instability is currency speculators who accumulate significant amounts of crypto and actively play with rates for their purposes. They increase the production capacity for cryptocurrency mining, increasing interest in it and the rate. Including manipulating it by playing on the exchange with large volumes of transactions.

3) Become a miner. You can participate in the emission of a coin, help to confirm transactions with it, and receive a commission for this action. However, this option is not the most affordable for everyone. You will have to spend money on creating a crypto farm. Miners need to buy video cards or ASIC miners. You need to buy about 30-50 of these devices, the total price of which reaches $200-300k, to earn a stable income. Do not forget about the cost of other equipment like coolers for cooling and to pay big electricity bills. You can mine different cryptocurrencies, of course, but in the end, it is still very expensive.

People got rich due to the same thing – the possession of assets that rise in price over time, regardless of the type of activity, whether a person is an investor, a trader, or a miner. The
sooner you find an opportunity, the more successful you will be. If you want a stable income, then you should find a way for passive income.

One of the most stable and promising industries in cryptocurrency today is Cloud Mining: you rent the computer power of large mining farms and start earning passive income. Leave all the hassle and work to the professionals.

The brightest representatives of this industry are the guys from GreenHashes. They were the first to use green energy to mine cryptocurrencies. The “green” revolution not only helps our planet but also increases the income of miners. The company moves with the times and provides environmentally-friendly mining using renewable energy sources. The user only needs to select the desired contract (for 2, 4, and 8 months) and pay for it with Bitcoin. The platform is suitable for both beginners and professional investors.

In case of any questions about the service or suggestions, write to support@greenhashes.io and technical support specialists will not only answer all the questions but also guide the new joiners in the world of eco-mining. Do not forget to ask them about your Referral level and income from such a program. To keep abreast of the latest news about mining and cryptocurrencies, you can join the official Greenhashes telegram channel and subscribe to the company’s social networks, where you can find a lot of useful information on investments and eco-friendly mining.

🕊 Twitter| 🔷 Facebook| 🔔 Telegram| 🆔 Instagram.

Contact: support@greenhashes.io

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