NFTs vs Trading - Knows the Pros and Cons

in #nfts2 years ago

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When the pandemic hits, the world of crypto was discovered by millions of traders and gamers. Lots of them gain a lot of money, also lots of them lose money.

There are two types for you to earn in Crypto, NFT games and Trading tokens, for this blog we will talk about these two.

Disclaimer: I am not an expert or financial advisor, the information on this blog is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. Crypto products and [non-fungible tokens] are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

NFTs/NFT Games
Non-Fungible Token (NFT) are unique cryptographic tokens that exist on a blockchain and cannot be replicated and can represent real-world items like artwork, online games, and real estate. NFT is also used as a game that gamers enter. To earn in this area you need skills, patience, and creativity. A lot of NFT games are raised, some of it still on track and some are down. If you are a gamer or an artist, this area of Crypto will definitely be yours, so how you will earn in this course? Playing NFT games or creating NFT will reward you tokens which you may exchange for real-world money, some of the NFT games will require you to invest a certain amount of money for you to start earning. Always remember, that you should research and learn about the platform before investing. What to know before letting your hard-earned money go? A healthy community (no toxic will be better), awesome whitepaper (if the updates and track of the plans are followed), trusted devs(there are a lot of trusted devs and some rug pull makers), and the game itself (for you to enjoy while earnings of course).

Trading
This area of Crypto will let you trade real-world money with such cryptocurrencies. How does it work? By exchanging cryptocurrencies for another cryptocurrency some earn profits by breaking the odds. There are a lot of trading platforms and cryptocurrencies right now, so how you will earn in this area? One of the strategies for trading is to buy low and sell high, buying tokens at a low price and waiting for them to pump or set the price higher than when you buy them, doing this kind of technique will give you profit which you may use for your next trade. There are lot of techniques in trading and there is a community that teaches how to trade better.

Always remember do your own research first :)

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