The Inconsistency Of Speculation
If you're looking to make money with cryptocurrency through trading and speculative investing, you're probably frustrated. There are times of sideways chop and stagnation even in bull markets. Any risky activity, including trading and investing, necessitates volatility. Few market players, nonetheless, are prepared to capitalise on instability. Only long-term long bets are familiar to the typical cryptocurrency investor.
After purchasing an asset, they wait for its value to increase. Few people profit from either short-term or even long-term volatility. However, such an approach is necessary to get consistent outcomes. For this reason, WEB3 models will soon overtake all others as the preferred option for cryptocurrency fans hoping to make money. In terms of their capacity to generate revenue, WEB3 models are largely constant.
A lot of people first encountered WEB3 through SocialFi. But WEB3 is more than just SoFi. There are many options for making money in the WEB3 space. Because of its minimal barrier to entry, SoFi is arguably the most accessible. But there are plenty of other good options. As the current leaders in the WEB3 arena, DeFi and DePIN were the subject of a recent piece I authored. This just pertains to generating revenue.
DeFi Delivers
Some of the yields being produced in the DeFi space may surprise you if you do a little research. Naturally, knowledge of the industry offers understanding and the capacity to recognise workable DeFi protocol mechanics. In an effort to streamline my cryptocurrency endeavours, I am considering both short-term and long-term DeFi plays. In essence, once an investor owns a sizeable portion, a DeFi asset turns into a business.
Many recent articles have examined this dynamic. In addition to transforming corporate ownership, WEB3 and DeFi are making it easier. Gains accumulate daily and little supervision is needed. Before entering a profitable market, a trade may sit for weeks or even months. DeFi, especially, provides participants with several key benefits:
- Consistency
- High yields
- Minimal oversight
- Passive & semi-passive models
Participating in DeFi may free up time, your most precious resource, while also offering participants continuous real-time benefits. When it comes to the hierarchical structure of their lives, most individuals place money and riches above time. Time cannot be replaced, but money can. No amount of money can buy you another minute, let alone a year, once your allotted time has passed.
This cycle has also been described by many as the final chance to make money that can change your life. Extracting value from the market will grow more challenging even if that is not the case. You can attest to how much harder it has gotten to choose high-performing cryptocurrencies if you were around in 2016 and 2017. Everything you purchased in 2016 ended up generating huge profits. The high tide really did lift all boats.
The End Is Certain
Passive opportunities like DeFi and DePIN, together with diminishing speculative returns, will draw cryptocurrency fans to the fascinating world of WEB3 and its economic framework. In contrast to conventional investments, WEB3 is an economic ecosystem that, when fully developed, will function and compensate users with minimal difficulty and friction.
Some WEB3 opportunities, like SoFi, can occasionally be a bit annoying. But this industry is stuck in a self-discovery phase. It is hoped that it would eventually gain traction and develop successful and efficient operations. Many SoFi developers are reluctant to acknowledge that they are still working on creating sustainable, profitable models. Since many platforms are still figuring out what works and what doesn't, they frequently change their rules of engagement.
Additionally, the industry as a whole typically launches a new project or concept at the same time. Because of this, most platforms adopt a particular concept out of fear of falling behind. Fundamentally, and rightfully so, the sector lacks a defined direction. It often takes a long time for new concepts to mature before the fundamental dynamics are, in a sense, established.
Final Thoughts
DeFi, DePIN, and other fantastic prospects are already accessible via WEB3. SoFi has a great deal of promise. Nonetheless, it seems to be the industry with the most difficulties in creating a high-quality product that truly draws in users. Consider DePIN initiatives such as Grass and others. While the typical SoFi platform, which has been around for several years, struggles to reach 100,000 monthly active members, they have millions of users.
DeFi and DePIN will continue to expand and function, which will make them appealing revenue-generating opportunities. With the right circumstances, SoFi will develop a great deal during the next ten years. In any case, as the market develops and profits decline, WEB3 will draw cryptocurrency enthusiasts in years to come. Everything changes. See you later!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto and has been repurposed to protect the source's integrity and DA.