There are 3 options to profit in the cryptocurrency industry. according to my version like this:
- Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
- Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
- Gambling: sometimes beneficial and sometimes detrimental. I don't recommend it at all (risk high)
Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.
These are just a few ways that people benefit/earn from the cryptocurrency market, there are still lot more other ways that people can be able to generate income in the cryptocurrency market apart from being a trader, and investor. I have not tried gambling, there are people who do it and also claim that they know how to do it perfectly and they earn from it, but I have never had any interest in trying it out.
Other ways that you can be able to earn through cryptocurrency is through campaigns, and staking. Staking is when you’re committing your cryptocurrency to support a blockchain network. The return you can get can be as high as 6%, and up to 18% or more for some coins/tokens.