I am writing this post as a medium to guide those newbies that are in the cryptocurrency ecosystem so as for them to be able to have guide about what they are aiming on keying into. Remember that the cryptocurrency ecosystem does not promise your riches, it is what you are doing today that will pave way for you tomorrow. If you wants to change your crypocurrency life around you have to sacrifice time and effort. A friend of mine told me that when it comes to crypocurrency, they are two things involved. It is either you are sacrificing your time or you are investing your money. This shows that whatsoever way you can contribute to crypocurrency you are definitely welcomed. Just like what I said above, if you meet up with the two criteria above it is possible that you will be rewarded amazingly as you progresses in the crypocurrency ecosystem.
Your time is an important factor when it comes to your crypocurrency journey. Let me explain what my friend mean by saying that when it comes to cryptocurrency it is either you are contributing time or money. We all at this stage knows that when it comes to cryptocurrency money is an integral part, it is one of the engine room driving the crypocurrency ecosystem, without it cryptocurrency will not scale. If you have money there is every tendency that you will love buying into coins and with that you will see yourself investing cash into crypocurrency ecosystem.
There is every tendency that since you have the money you can easily key into cryptocurrency and make your impact felt. There is every tendency that since you have money you won't like to do airdrop hunting. Do you thinks that Elon Musk will love to start hunting for airdrop? The answer is no. With such money there is no way you will love to grind for whitelist or whatsoever, you will love to invest your money right away. With that you have fulfilled your part by investing your money. As per investing your time or effort, there is every tendency that the moment that you are into cryptocurrency and you knows that you don't have the needed capital to invest, investing your time and effort is another medium where you can change your financial stand around. You can invest your time and effort by simply hunting for airdrop, help cryptocurrency project to run marketing and carries out a lot of task. This will in a long way aid your crypocurrency journey.
So with the above you can see how when it comes to crypocurrency there is all tendency that you are in one table, it is either you are in the investment group or time group. You can as well be on the two side, it is now left for you but it is never an easy task to embark on. With you now knowing what time and money investment is when it come to cryptocurrency, we are now left with knowing the difference between Investment and trading.
Investing in a lane man's language is simply looking for a project and putting your money into it. For all project to scale there must be money invested into it. This is what investment is all about . Take for instance, if you have $500 and you invest it into a crypocurrency project, that is what we called investment. Mind you, your investment can go positive or negative i.e you can make loss or gain. It does not mean that once you invest your money you will start making money instantly, things doesn't works like that in the cryptocurrency ecosystem. You invest and leaves it for a long duration of time, that is what investment is all about.
Trading is an important part of cryptocurrency, it means that after you invest your capital, you now went ahead by using it to buy into one or two cryptocurrency project out there. It is simply the act of buying and selling of goods and services out there. When you invest you are leaving that goods or services that you bought for a very long duration of time as per compared to trading. Trading and investing is an integral part of cryptocurrency, this is why we should within our reach takes it serious. I believe as per this post we are now able to understand what the two word means.
Trading is simply buying and selling of goods and services while investing is buying into a project with the mind of leaving it for a long period of time.
I will end the post here, if you have anything to say please air your view by commenting under this post.