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Some certain things newbie needs to know before venturing into cryptocurrency

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@tfame3865
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I was triggered to write about this post base on the numerous complain that I have been receiving from newbies about their fund and other things which are related to cryptocurrency. The one that got me laughing was the one that happened recently when the newbie was thinking his fund was stolen. He reasoned like that and alerted everybody because the person that introduced him in to cryptocurrency does not briefed him properly. He doesn't brief him that his/her coin can rise and fall at same time. I have been shouting that no matter what it takes, before you invite anybody into cryptocurrency you should make sure that you brief such individual on what he/she has to know.

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The moment you make sure that you brief them and educate them properly about cryptocurrency, you should endeavor to tell them that in cryptocurrency they are ups and down surrounding this great invention. The moment you do this, that moment will save yourself from future embarrassment and unmerited questions. This is why at same stage and moment I have been hinting on the need to make sure that we give proper guide that is needed to newbie and at same time make sure that you are there for him/her till they are good to go.

Truth be told, Cryptocurrency is bigger than the way we are seeing it. This is the more reason it is required to teach newbie what they needs to know. Since cryptocurrency is broad, it is advisable for you to tell them to also choose from the field they thinks will suit them properly. Instead of trying to run after numerous features why not choose from one (1), two (2) or three (3) cryptocurrency feature that will works out for you. Take from instance we have;

  • Cryptocurrency Mining: In cryptocurrency mining all that is required for you to do is to key into the #farming or #pools. In pools you can do direct deposit of coin into the pool and earn the reward that is in that pool.

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 Take for instance, if you have #cake and the pool allows you to deposit your #cake, you can do that by depositing your cake and in return you will be paid in #Eth, this is depending on what is stated that you will be earning back in return from the #pool base on the #cake you deposited. It is as simple as that. 

In the #Farm, you can not deposit just a single coin, it has to be two. Take for instance the #farm can say that if you deposit #cake and #Eth you will be earning  #Ltc in return. The moment you have such coin and you do as they said, you will see yourself truly paid back in #Ltc. So in a nutshell, you will see that you can see that the difference between the #pool and the #farm is that one is single investment of your cryptocurrency token while the other involves two investment of #coin. This is really interesting I must admit. 

  From the above if you have the coins needed to embark in any of the two system of earning above, you can simply invest in it and you will be glad you did. It is simply a system that allows you to rest why the system do the working and earning for you.  
  • Blogging: Gone are those days we blog on Facebook and co without earning something in return. With the aid of #steemit, #hive, #scorum, #blurt e.t.c, you can earn something in return. It is #steemit that first of all came into space. The reason that I love the blogging aspect is that you can post about anything that comes to your mind. If people loves it they will surely support you by voting your post. This in return will make you to earn coin in return. In such platform you can key into the system with zero fund or if you like you can invest your cash, it is all left for you to decide.

  • Buying at lower rate and selling at higher rate: They are some persons that don't have time for blogging and farming, they prefer to invest their cash into cryptocurrency by buying some good coins. They will now wait till they makes good gain from the purchase of the coin and then they will now sell it at higher price when the coin has appreciated in value. In this feature always makes sure that you buy low and sell high. You have to be fast with making decisions if not you might get caught and your fund might dropped in value.

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  • Airdrop hunting: For those who have no capital to start with, but they have good phone and data to embark on this part, they are free to investigate various project and carries their task so that they can earn that coin freely till it listed when they will sell it and make more money from it after it has been launched. When it comes to airdrop hunting, the blockchain or platform will asked you to share their post through your Twitter handle, Instagram, Tittok, Facebook and co. When you finish doing this, you will be rewarded with their token. You can sell the token if you like or hold.

  • Playing blockchain related gains: Currently they are numerous play to earn blockchain games surfacing in the cryptoccurrency world. Give any one that you feel you can play attention. Play them and sell your reward if you like. Mind you
    it this play to earn game can be for gamers or artist.

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  • N.F.T: N.F.T Simply means Non Fungible Token. It is for artist and if you are good with running art related stuff you can do it by simply designing your Non Fungible Token (N.F.T) and selling it through platforms like Opensea, Solana blockchain, Wax Blockchain etc. You can simple trade your Non Fungible Token in the blockchain they are representing. The first Non Fungible Token (N.F.T) project that I come across is Verynifty Non Fungible Token which is V.N.F.T. This is a game that you will play and in return you will see that you are earning in game token. These tokens can be sold easily through the medium provided if they are listed in the market. Like for me when I was playing the game I was able to sell it through #opensea and I made a lot of cash from it.

From all the features above you can't say that you don't see any field that suit you. If you can fine any that you can do better in, choose it and keep trying your best and in return you will be glad you did so.

Conclusion

As a newbie, you are free to choose from the numerous features that you knows you fits in. If you find one (1), two (2) or more that you can do, you can give them a try and at the end you will surely see that there is light at the end of the tunnel.

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