Hello there,
So read.cash and some other sites actually sparked a light of curiosity and interest in me.
before now,i had been hearing about crypto-trading and the likes but it never occurred to me that i should try it.
i even predicted the amount of bitcoin would soar incredibly high and it did.
the big guys in the system told me i needed a huge capital before i could dream of earning or making profit with crpto-trading or crypto-investment.
but they are wrong(well,not entirely wrong).
i had a taste of crypto-investment first with $0.99 worth of bitcoin cash.
i had just withdrawn part of the funds i had in my read.cash wallet to see if the site was legit or not..fortunately for me, it was.
so i had $0.99 worth of bitcoin cash in my trust-wallet .i was sad and happy at the time i saw the amount of bitcoin cash i had in my wallet.
i was happy cause i can proudly say that i have earned from read.cash and i could help people who don't know about the site to earn from it too
and i was sad because the value of the value of the amount of bitcoin cash i had depreciated by 1%.
yeah,i placed a withdrawal of $1.00 and got $0.99 instead..no service fee was deducted.
like i said earlier,the value of bitcoin had reduced.well i wouldn't blame the cryptocoin(poor litle guy prolly didnt know what was happening to him)cause all major cryptocoin (except the big guy of course BITCOIN) lost value by 3-8% but bitcoin was increasing by 3-4%
so an idea popped into my haed...what if i could i could be smart with those crypto coin?
what if i could exchange a crypto coin that is on the verge of losing value for the one which is gaining value.
take for example XRP and POLKADOT
the god of increase really smiled on polkadot this past week.
in the past week,POLKADOT saw an increase in value of 10-30% while XRP saw a decrease in value 6-12%.
now lets say you have 100$ worth of XRP and then XRP reduce in value by 12% automatically you lose $12 which means you'll have a balance of $88
but lets say you exchange the $100 worth of XRP for POLKADOT which increased by 30%.
you'll be having a profit of $30 which means you would have a new balance of $130.
i'm sure no one in his or her right frame of mind would choose the $88 over the $130.
i believe this is enough explanation for the crypto-investment.
crypto-investing is very profitable in the sense that you don't get to do any work.
the only thing you need to do is to monitor the prices of the crypto-coin.
a site like coinmarketcap.com have made it easy for anyone to monitor the price of any crypto-coin.
the only problem with crypto-investing is that
the more you invest,the more profit you make when the crypto coin gains value.
and when its on the losing side,you lose heavily.
so you've got to choose the card you want to play with.
in the next article i'll be explaining the crypto-trading...unlike crypto-investing where you don't get to do any work,crypto-trading requires a lot of work and analysis.
i'll be seeing you the next article.
GODSON
M.M.O GURU
Nice one