Crypto-currency market has now formed a new cult following. It is the new mode of investing and making money.
But how volatile is this market and how do people earn from it? The risks? Pitfalls? Is it a new gambling addiction for people who want to make it big, quick?
Is it stable? Will it grow further or will it come crashing down, just as fast as it climbed up?
Are the walls crumbling?
These are a few questions everyone needs to have answered before plunging into the depths of a new form of quick buck making business.
Remote Earnings – Get paid at home
Now the charm of investing in a thing like crypto-currency is the lure of remote earnings without really having to do much. Those who invested early on, have reaped benefits beyond imagination, however, it is not a sustainable model.
At the end of the day crypto-currency market is a volatile one. With unexpected deviations in market sentiment there can be a sharp and sudden move in price. It is not unusual for the value of crypto-currencies to drop by hundreds, if not thousands of dollars.
Another reason to be wary of such investments is that it is not regulated. A lot of governments have discreetly banned the trading of such use of currency, mainly due to the high risk factor attached to it.
While some got into the game at the best time, many others are left out of the loop, simply because they missed the chance of being the early bird.
Gambling in the Crypto-Currency Market
Like any other gambling scheme, it is either all in or all out. The addiction of a quick buck will always lure in high risk takers and keep risk averse individuals away.
Trading in cryptos are not the same as trading in stocks and bonds. You can also be easily scammed, as many people have not done their homework before wading into this sea of potential wealth.
It is still unknown territory not many have understood or gained knowledge about.
Stable earnings are usually low and slow – perfect for risk averse investors.
To invest in cryptos (at least for now and the foreseeable future) it takes the gamblers among us to take a shot.
However, there are ways of being part of the investment portfolio without directly investing in cryptos. Read here to know more.
The problem with tech investments is that, there is always something new to invest in. And the timelines are shortening year on year. It goes without saying that technology is rapidly and exponentially changing and growing. Hence, the opportunities of investment practically mimic the same trend. If you are able to catch that before it goes beyond your means, you are already too late to invest. It is all about catching the trend and riding it to the top.
Tech investments in and of themselves are like being in a charged gambling arena. You never know when the next “silly” idea can be the next dotcom boom. One reason why VCs like and tech incubators like YCombinator, Acceleprise, 500 Startups and a host of others always spread their risks across a number of startups. Even if one hits it big, they have already covered their investments and then some.
What other ways can one earn remotely? Leave a comment below