The Stunning New Ways You Can Build Wealth With Blockchain

by Magical Penny on July 23, 2019

The blockchain is a relatively new technology which promises to revolutionise the world of finance. We could be talking about the end of banking as we know it, as new currencies and ledger technologies come online. 

Some investors believe that crypto may be a major driver of economic growth over the next couple of decades. It could reduce the cost of transactions and make it possible for people to exchange money across countries more easily. We’re not there yet, but there are already many incredible and bizarre ways to make money on the back of blockchain technology already out there. Take a look at some of these weird and wacky ideas. 

Put Your Gaming Computer To Work And Mine Cryptocurrencies

The makers of cryptocurrency did something rather clever: they designed digital money that was finite. With no central authority keeping tabs on everything, that’s easier said than done. But the programmers realised that if they used special keys, then could make it so that people with powerful computers could mine crypto coins at a steady pace. There would be rewards for obtaining new crypto cash, but it would be hard to do (just like it’s challenging to get gold out of the ground). 

If you have a powerful gaming graphics card in your PC, then you too can mine for crypto coins. Just remember, it’s not cheap, and there’s only a small chance you’ll actually be successful. 

investingBecome A Crypto Trader

There’s a profound difference between a crypto trader and a crypto investor. Crypto investors are typically in the market for the long term. They make up the “buy and hold on for dear life” crowd of people who expect currencies to make long-term gains. 

Traders, on the other hand, buy and sell on a day-to-day basis, looking to profit from the dips in the price of common crypto assets. If you are a beginner, going straight into crypto trading is probably a bad idea. More likely than not, you’ll lose money. But with great software on your side, you stand a much better chance of doing well. Software can take some of the risks out of the process. 

Write About Crypto

Not many people understand crypto. Even fewer can write eloquent prose about it, putting concepts into words that regular people can comprehend. If, however, you have a flair for the written word, then your services are in demand right now. Companies want people with the skills to write about complex topics like blockchain in a simple way. They need people who have the communication skills to help them reach their target audiences in an approachable way. 

Teach Others About Blockchain

Do you know enough about the blockchain to teach others about it and how it can benefit them? The blockchain is a revolutionary technology, and you could be the person that companies need to educate management on the benefits and how it can help them streamline operations. Focus on the things that matter to company leaders: reduced costs, risk, and administration. You want to make crypto seem as easy and beneficial as possible. 

 

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