STEEMIT BLOGGING VS CRYPTOCURRENCY TRADING, WHICH ONE IS MORE RELIABLE?
In the world of business today, payment of goods and services are now done online through the use of digital currency. Few years back it looks impossible as many do not see the need to accept digital currency as a means of payment. Given the acceptance of different cryptocurrency by various companies for payment of goods and services, cyptoccurency have taken over the business world.
Cryptocurrency trading has revolutionaries the world of business today by helping in the expansion of the world economy. Cryptocurncy trading has helped in bridging the gap between the rich and the poor. The good thing about cryptocurrency trading is that you don’t need to own an office before starting it; all you need is good laptop, ipad or good mobile phone, fast internet connection and small amount of money.
Many young people have become billionaires as a result of trading or investing in one cryptocurency or another. The early adopters of bitcoin, ethereum, steem, bitcoincash and others are smiling to the bank today. Major Cyptocurrency trading platform like bittrex, binance, hitbtc, mercatox, yobit and many more are witnessing a serious growth in traffic on daily bases. In these various trading platform there are different kinds of coins been traded both new and old. People are making millions of dollars on trading.
Despite the fact that cyptocurrency trading has made many rich, it has equally render some people poor especially those who are not expert in the business. Some people invested in pump and dump coins created by scammers and that is how they lose their money.
Trading on cryptocurrency required a lot of training as there is a lot of speculation and horse- trading involved in trading. You may buy a coin today, before you know it the price has gone down below what you bought. The volatility that exists in cyptocurrency market makes it difficult for those who do not have the trading skills to engage in the business.
In my own opinion, steemit blogging is more reliable then cyptocurrency trading judging from the fact that in blogging there is no fear of losing your money. You can make enough money through blogging. There are several channels people are exploring to make money in steemit, like delegating your voting power to others to manage for you and pay you interest. I feel more secured in steemit than trading. However, those who have trading skill can combine the both and make enough money. Many people are investing in some new coins that have prospect. Eg, ethereum lyte (Elyte).
Guys what do you think? Share your thought with us in the comment box.
If you like this post pleases upvot, resteem, leave a comment and follow me for more content.
Thank you for reading @hynet
You can also read my previous posts
understanding how to get rewarded in steemit community
Xmas holiday marketing by steeminas increases traffic in steemit
rise of steem and SBD as a catalyst for steemit community expansion
Important Information on Ethereum Lyte Bounty
Here is Elyte second bounty. Go here, follow the rules and keep sharing it!
https://docs.google.com/forms/d/e/1FAIpQLScf9ORCo55gpLT9kIJA2kjR0ugWUeT5lDQg9GPgZ6RlW2Nc4A/viewform.
More details
Elyte website: https://elyte.biz
Telegram : https://t.co/kAhkvVTPBF
Facebook: https://www.facebook.com/EthereumLyte
Twitter: https://twitter.com/EthereumLyte
Excellent point you made here. For me both means multiple stream of income but steemit is secure as you don't have fear of Fomo or loosing money. Nice one. Upped
Yes, your right @kenhudoy, the combination of the two means more stream of income. thanks for your wonderful contribution
Welcome as always
Nice write up and insights
Keep it up.
Thank you for coming
Welcome 👌😎
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This topic is very interesting, I don't anything about trading, i will do the blogging that i know
It is better you stick with the one you know how to do. thanks for coming
I would have invested in cryptocurrency then, but my wife discourages me.
I have put some money in trading and now i am blogging. I wish to combine the two. nice job.
If you have invested then, you would have become a millionaire now
I think trading cryptocurrencies requires a lot of engagement and expertise in all the current processes going on. As long as one is not fully familiar with the trading 'secrets' - like me at the moment - I would also say, blogging is definitely more reliable. At the same time steemit is part of the cryptocurrency deal and you are continuously learning which is an awesome way to gain trading skills.
Yes your right, one must be a crypto expert in other to trade well, we can learn gradually in steemit. Thanks for coming around and for sharing your thought.
I don't have skill for trading, i will stick with blogging in steemit.
It is better like that. thanks for coming
From what you said in this article, i don't think i can do trading because i don't have the experience.
@hynet, I am new here but since i started following you, I have gone through your works, they are really nice.
I am new here but I will like to concentrate on steemit blogging since i don't an idea of how trading works