You wake up one morning and decide it’s time to make some money from home. So you log on to Selling Photos Online (SPON), a photo sharing website that allows for both buyers and sellers to connect and engage with one another through clever algorithms. You join the site, create a profile, and upload a few photos of your feet. Then, you start getting messages from possible buyers who are located all over the world.
Before you know it, your feet are becoming a popular online commodity and you’re starting to see a significant increase in earnings.
What’s fascinating about SPON is that, while it is a completely digital platform, the income generously generated through sellers on the site is actually dollars in the form of cryptocurrency, specifically Bitcoin (BTC). This is known as crypto-dollar trading, or CTD for short.
If you’re unfamiliar, Bitcoin is one of the biggest and most popular cryptocurrencies currently available and it’s been around since 2009. Essentially, BTC is a form of digital currency, meaning it is “mined” (meaning it is created through a process called « crypto-mining ») and therefore it can be traded, invested in, and used as a viable money substitute just like traditional fiat currency, like the USD or the JPY.
What this means is that, as a Selling Photos Online (SPON) artist, you have access to a pool of buyers who are searching for a wide range of products, including feet.
Now, obviously this is a bit of a far-fetched scenario, considering that not everyone has amassed a significant amount of Bitcoin (which currently has a market cap of over $116 billion) or other cryptocurrencies (like Ethereum, XRP, and ZEC) and simply needs to make a quick buck. But it does illustrate the incredible opportunity that crypto-mined currencies offer today’s traders.
The Benefits Of Online Markets
Selling Photos Online isn’t the only site where you can make money trading crypto-currencies. In fact, there are dozens of similar platforms where you can buy and sell various cryptocurrencies (including Bitcoin, Ethereum, and others) and digital assets for profit. Here are just some of the benefits of online marketplaces:
- Easily accessible marketplaces for trading
- Hundreds, if not thousands, of cryptocurrencies to choose from
- Quick and easy deposits using a variety of means (wire transfers, credit cards, and even aelf)
- Fully automated marketplaces (no need to monitor prices constantly)
- 24/7 customer support (in case you have questions about placing an order or using the platform)
- Safe and secure (provided by top-notch security and privacy-focused companies)
- World-class professional traders utilizing advanced trading platforms
Spotting The Top-Notch Online Markets
Now, admittedly, not all crypto-mined currencies are created equal. There are a select few that are exceptionally strong and can be considered investments, similar to the TSX, the S&P 500, or the Japanese yen.
It’s important to keep in mind as you search for profit-making opportunities in crypto that there are many scams out there, preying on the inexperienced and unwary. Therefore, it’s important to research and vet any potential investment before you make a significant stake. Luckily for you, we’re going to tell you about the top crypto-mined currencies and how you can profitably purchase and trade them.
First up is Bitcoin (BTC). Bitcoin is one of the most popular and well-known cryptocurrencies currently available and it is arguably one of the most profitable as well. This is mostly due to the fact that BTC is mined using a guides-based approach called « SHA256 » (named after the four procedural steps it it completes). Simply put, SHA256 makes it difficult for would-be hackers to access and modify the Bitcoin protocol, hence why it is so secure.
Next up is Ethereum (ETH). Like Bitcoin, Ethereum is also a decentralized and open-source protocol based upon blockchain technology. However, where BTC is restricted to only 21 million capable devices, Ethereum allows for the creation of decentralized applications (DApps). Meaning, a DApp can be developed that will utilize the full functionality of Ethereum and be accessible to anyone, anywhere in the world. This could be a game, a shopping bazaar, a social media platform, or anything else you can think of.
The Top Four Cryptocurrencies To Watch
Now, you might be wondering exactly what coins you should put your money into. For that, we’ve got you covered. Below, we’re going to tell you about the top four cryptocurrencies to watch in 2022. Keep in mind, these aren’t necessarily the safest or the most viable investment opportunities, just the ones with the highest potential upside.
Firstly, we’ve got Bitcoin, which is the safest and most popular cryptocurrency currently available. It is also extremely versatile, having been successfully traded for products as diverse as luminous coins, rare comics, and even t-shirts. Of course, none of these items are produced using Bitcoin (which is why they exist side-by-side on an open exchange). Thus, if you’ve been searching for a safe and secure way to make money online, look no further.
Secondly, we’ve got Ripple (XRP). Ripple is another crypto-mined currency that can be traded for products in a variety of markets, including Bitcoin (1:1), Etherum (1:1), and Litecoin (1:1). Ripple is one of the most popular cryptocurrencies currently available, meaning there are a large number of buyers looking for additional units. In order to keep up with demand, Ripple creators redistributed a large amount of its native currency, XRP, among its mining pools. With new XRP coming into existence all the time, demand is high and so is the value of XRP.
Next up is Litecoin. Like its bigger cousin, Bitcoin, Litecoin is also a crypto-mined currency, but it is much more lighter on the pocket. This is largely due to its scalability and speed, with its blockchain being significantly less solved than those of other popular coins, like Bitcoin and Ethereum. Thus, Bitcoin and Ethereum are more suited for heavy transactions, whereas Litecoin is great for microtransactions (something a small business owner might find useful).
Then, we’ve got Dogecoin (DOGE), which is similar to Bitcoin and Ethereum in that it is crypto-mined, open-source, and highly versatile. But where Dogecoin really shines is in its community and culture. Much like K Row wholesale, a trader on the SPON website, stated:
“Dogecoin is a great choice for me since it is easy to use, has a very active community, and allows me to test the market with ease. At the end of the day, I want to do what is best for my financial and investing future,”
Considering that not everyone will enjoy the same level of economic freedom that Krow does, having a coin that is both practical and affordable is essential. For that reason, we’ve got Dogecoin.