Cryptocurrency: Making Money Out of Air?

[owlest]

Making money in the crypto world is not as easy was what we think, but it may also not difficult/ SOmetimes, we can make it so easily by trading or short investing but this is very risky. If we are ready with the risks, we can continue getting income from the crypto

I think that trading in the market cannot be attributed to simple ways of making money. For those who have not tried trading, it will seem easy. But in fact, there are very big risks.

[Thymoty]

One way or another, today, cryptocurrency is really good money for almost nothing. But of course it is possible to change the situation so that society uses cryptocurrencies in everyday life, but this will take a long time, because it is not so easy to teach people about cryptocurrency. Although the best option is a government training program.

And apparently, the government won't teach its citizens about crypto (for now). Because the government still has negative views about crypto assets. But I am sure that in the future the government will start to adopt cryptocurrency, as did China. Even if it takes a long time for implementation.

[Delgboke]

Nobody has power over Cryptocurrency the moment you sell out the one that's made available to you at the moment of purchase, the power you have in the crypto currency is when is in your wallet but the moment is sold out of your wallet you have loosed that power over it, there are people who have made money in cryptocurrency by putting their time and money, so it requires your money and time and also data.

[Galley]

In most cases, this is how it is, there is earning out of thin air. Many projects are not worth a penny. But there are exceptions and only if the projects offer a truly working product that will be in demand by society.

[Ferki]

Cryptocurrency is considered as one of the sources of earning money in different countries of the world. So it has gained a lot more popularity than cryptocurrency. Blockchain technology is considered as one of the sources of revenue. Technology has spread all over the world. So it is possible to earn constantly from the cryptocurrency market.

Please explain that to me in more detail, I don't understand your point.


But back to the tread: yes, the crypto thing can be compared to fiat. Both are built on trust. Fiat has not been backed with gold for a long time now, and you can print it indefinitely. But bitcoin is finite. There will be 21 million and that's it. We will have digital money in the future, fiat it is also at the moment, but bitcoin it is not at the moment. Bitcoin is a financial asset.!
 That is not planned from the start, but it is right now.
I've heard many opposing opinions and therefore had to defend myself, but in the end one thing is also clear, you can buy a Tesla car but try to buy bread with Bitcoin

[robert20]

This is true because people bought BTC at 1$ now it is going to touch 60k . Like people got thousands of Dollars from UNI tokens where the money came from.
The projects that now come on  crypto market 99.99% of the projects goal is to mae money not to use for the betterment of the world. People are trading BTC like stocks but this is not what it is made for

[Kseniya17]

Making money on cryptocurrency is not an easy job, I have recently been studying cryptocurrency and learning to trade on the stock exchange, and I understand how difficult it is to make the right decision, whether it be choosing a project for investment or choosing promising coins.

[Anonylz]

There is that persistent concept in some people that cryptocurrency is just actually making money out of air. In other words, everything in cryptocurrency are based on nothing of really valuable in the first place, and therefore we can say that in the long-term the future of this whole thing is not so bright but bleak. This can be likened to the printing of money which many central banks can be doing right now.

How valid is this assumption and what can be the best argument against this impression?

Money as in Fiat money is just paper, so why should it be valued? The Fiat money has value because people (Governments) made it so by saying the printed paper is worth such and such hence we should hold, value and use it. This analogy is what is pushing crypto to me. People have come to understand and take it as a Valued entity and we that believe will accept it from anyone that offers it even as a means of exchange but until it is Globally accepted as that, only the few in that circle will continue to believe it is not Air, that it also have values just just like the physical minted Coins.

[Sharpmax]

We have been working on this cryptocurrency for almost a long time.  Many people here are talking a lot. Sometimes when we think about it, we can see that we are working, but we do not understand ourselves.  Income in cryptocurrency sounds like income from the whole air.  But here we can see that billions of rupees are being traded all the time.  People are able to do everything in a successful way.

[Jaephoenix]

I think the best way to find a good response from this question is to find out who says it and why he says it. From it we can give a fine response that can be helpful not just to the community of crypto but for that particular person.

I think the OP is alluding to the statement yesterday by the Nigerian CBN (Central Bank Of Nigeria) governor Godwin Emefiele, during the Senate house hearing. The man alluded the cryptocurrency is just money from 'thin air' made by criminals who want to 'remain opaque'.
My view is its a lie. But what's my view compared to an ignorant CBN governor

[owlest]

I see that many are sure that it is impossible to earn cryptocurrency without investments. No, you can make money, and this can be seen in my example. I started from scratch and now I have achieved quite good results.

[batishta10]

In this area, you need to constantly learn. New technologies and trends are constantly emerging. If you stopped developing, then you missed out on profits.

[owlest]

In this area, you need to constantly learn. New technologies and trends are constantly emerging. If you stopped developing, then you missed out on profits.

Unfortunately, profit does not always depend solely on skills and knowledge. Here, luck also plays a big role, as well as correct information. Those who have heard about the possibility of earning money before will receive more, even without special knowledge. They are needed after, when you start to study closely in this area.

[Tristanerus]

I've been hearing a lot of people says that I'm making money out of air. I've been explaining it to them how hard it is to earn in cryptos and even dare them if they can even make money in cryptos. Those who says that cryptos are nothing, it doesn't have value like fiat are those people who doesn't even know what cryptos is or doesn't understand about it.

[labonikhatun]

The market is constantly being updated making money in crypto is as easy as losing money if you have no idea about crypto many times there is a risk if the market is not analyzed properly even if there is enough knowledge. That's why you need to develop yourself and analyze the sites that make money.