One thing that I want to educate us about is that when it comes to the cryptocurrency ecosystem what you are about to learn from the ecosystem is endless. I have seen people bragging about how they are the best when it comes to the cryptocurrency ecosystem, they said that they knows it all. Truth be told, for sure, they knows a lot about the cryptocurrency ecosystem but that doesn't means that they knows everything about the cryptocurrency ecosystem. You should knows that the cryptocurrency ecosystem is so large and broad, just stick to the one that you knows you can handle and you will be fine. Trying to be everywhere won't help you in the long run. When it comes to making money through the cryptocurrency ecosystem I have seen people who claim to be the smartest struggling to make ends meet from the cryptocurrency ecosystem while those that we claimed that they don't know anything about the cryptocurrency ecosystem are ending up making thousands of dollars from the cryptocurrency ecosystem. This is why I said that making money from the cryptocurrency ecosystem does not have a unique formula or strategy. As per the cryptocurrency ecosystem, there is nothing like this guy knows it all, it takes grace to survive in the cryptocurrency ecosystem. If you have foresight you will understand the message that I am trying to pass out here. Many people out there can attest to what I am trying to say, those that claimed to knows the in and out about the cryptocurrency ecosystem are struggling to survive while those that don't knows about how to trade are doing well in the cryptocurrency ecosystem.
.jpeg)
I have written a post on something like this before but since I am trying to target newbies I have decided to discuss about this again. This is holding to the fact that I feel like it is important for those newbies to understand the cryptocurrency ecosystem and the blockchain also to the fullest. If they are able to do this it will help to guide them in so many ways. You can't be telling people that you are into the cryptocurrency ecosystem and the basic things that is needed to be known about cryptocurrency, you don't know about it. Just imagine how you will embarrass yourself someday if somebody who might be seeing you as someone who knows about the cryptocurrency ecosystem reach out to you and he/she might get discouraged if he sees that you lack everything that he needed. They are some person who might be trying to make you a mentor as he/she is seeking a way to key into the cryptocurrency ecosystem. If he reach out to you and you can't off r anything in return, that is a disgrace Permit me to tell you this, do you know that they are people out there organizing seminars and using the medium and means into making good amount of money from the cryptocurrency ecosystem. They were able to make good amount of money from the cryptocurrency ecosystem simply because they were able to learn when they had the chances to do do. This is the more reason why I said that it is important to know about what you are into.
.png)
I have seen people in the cryptocurrency ecosystem thinking that when it comes to cryptocurrency and the blockchain at large, token and coins are the same. As for your information there is difference between the two. As for your information, differentiating the two is very easy. For those who don't know what the difference is permit me to educate you on it. Cryptocurrency coins are digital assets that have their own blockchain while when it comes to cryptocurrency Tokens, the difference between it and coin is that it is also a digital assets but this time around, it rely on another blockchain to survive. Let us take for instance, Bitcoin has it bockchain, Ethereum has it Blockchain, Hive has it own blockchain, Monero has it own blockchain, Binance has it own blockchain etc. Any cryptocurrency project can decide to launch under Ethereum blockchain for instance, the reason why many cryptocurrency project are launching under any cryptocurrency project blockchain project is holding to the very fact that they might see that owning a blockchain is something that will requires large amount of capital, with that in mind, they might decided to launch under an already existing blockchain. That kind of project is called to be owing a token and not coin. If you see a cryptocurrency that launches under Hive blockchain or BNB blockchain, don't call that project coin but rather still, call it token.
.jpeg)
I will end the post here, have a nice day.