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Profiting From Crypto Trendsđź”®

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@automaton
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So you want to make some $ in crypto? Well, it’s not as easy as some would portray. Although, there may be a time when this narrative changes. More on that in a moment.

Trading can be a very risky endeavor. Just last night a made a sell order in Litecoin. This was after I waited 35 mins for a confirmation. (Thanks Coinbase) So after waiting for the confirm and cashing out Litecoin had dropped a little in price. This slippage cost me some cash.

Now it could have gone the other way. But last night it did not. 30 minutes (48 mins to be exact) is a very long time in the crypto markets. Just ask anyone trading in and out of bitcoin. Even a few minutes could mean losses in the thousands or more.

Suffice to say I gave some back to the markets so to speak. It wasn’t life changing money but you get the idea. Might try using bitcoin cash next time to see if the transaction clears faster. At any rate my example shows the pitfalls of crypto even when not trading.

Yet, there will be a better way. The trends in 2021-2022 are pointing directly at the Hive ecosystem. The Splinterlands on boarding numbers are not a mirage. This is the start of of much larger trend on the horizon.

Now profiting from it won’t be easy. It will take a lot of time and patience. Yet, understand that games and play2earn is going to become a hot sector in the coming years. The idea now is to position ourselves when no one is looking.

While the majority are chasing pipe dreams and NFT’s that don’t do anything our ecosystem is gaining traction. Earning money for doing what we already do is something that is currently unfamiliar for most. Yet, we do it daily here on Hive and Leofinance.

Over the course of the next 12 months we could see larger gaming companies get into blockchain. Many of these companies currently have the proper channels to create the perfect play2earn ecosystem. Many won’t make the transition yet. But don’t be surprised when they do.

Gobbling up cheap virtual assets will also become a trend as people realize the potential returns. Although it’s difficult to do this on Ethereum my advice would be to look at some of the lesser known chains. Wax blockchain is one that I have been watching for quite sometime. Wax currently has deals with some major players like Topps and Atari.

However, Wax is missing the bigger picture which is income generation. Speculating on NFT’s is fun. But it is not going to be sustainable in the long run. All it takes is everyone running for the exits to collapse an already bubbly NFT market.

Yet, connecting NFT’s with token generation could provide longer term stability. It could also create user income as opposed to income based on speculation. And lets be real here: the majority of people can’t sell million dollar NFT’s. But an NFT that generates continuous token income can be owned by everyone.

Virtual land grabs are also a trend that most crypto users have noticed. This will only begin to accelerate as 2022 approaches. I had the opportunity during the summer to participate in the Upland virtual property auction. Of course this virtual real estate market is still in play.

Upland also gives the user full blockchain ownership of the virtual property. Rent (tokens) is also collected daily. The sustainability of this project could lead others to follow their blueprint for virtual world development.

In summation virtual worlds, in game currencies, virtual land/real estate, and play2earn is where the crypto money will be made. The challenge will be to find the right projects at the right price. Now, there are some hidden gems out there. Hive of course is one of them.

Follow the trends and you will thank me in 2023. Just be safe out there. Do your own research and never invest more then you can afford to lose. Crypto land can be very rewarding. It can also be very dangerous to your pocket book.

Tread carefully. :)

Posted Using LeoFinance Beta