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.
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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