Trading Cryptocurrencies Is A Good Way To Earn From Home Amidst The CoViD-19 Pandemic

Image by Gerd Altmann from Pixabay

It is indeed a hard time to live right now, the question is for how long that we can sustain being almost locked down indefinitely? The answer to that is to buy and sell not only other commodities but also cryptocurrencies. Cryptocurrencies are a volatile financial instrument and that is a good news itself for people who are always in their home that wanted to earn and doesn't want the fuss of setting-up business work.

They just needed to know the basic rule in crypto trading in the most part, that is to buy when a particular major (top 20 or so in coinmarketcap recommended) cryptos is down with its price and then sell if it was mooning. Never sell for a loss lest you will lose money. So now is just the case for"Hodling" until you bags of Altcoin gain a considerable profit. We call it day trading which is still a highly risky venture to take particularly if BTC's price takes off up and down and play with your emotions where it would lead you to sell for a loss because of certain negative news for a particular crypto or crypto in general.

Image by Csaba Nagy from Pixabay

But you will never lose until you sell for a loss. It may be better to hold on to your altcoins or Bitcoin for that matter until you can sell for a profit, afterall compared to your money to the bank you can never earn interest from the bank as opposed to waiting for a trade to execute in a matter of sometimes days for cryptos for you to see some earnings.

Trading cryptocurrencies is so easy than buying and selling other commodities, no need for a business permit, property rental, taxes, employees to pay manage, and all the paper and physical work. You just needed some basic knowledge on how things work in the cryptocurrency realm. But again the risks and reward are great if you do or do not do your own research.

Disclaimer:

All of the above statements are just my opinions and not necessarily facts, do you own research before venturing into a highly volatile financial instruments such as cryptocurrencies.