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Can Cryptocurrency Be a Good Business?

People talk a lot about cryptocurrency trading and things like this but crypto is a very good way of business. And it’s not about trading now.

Today I will not tell you about opening your own exchange but it is also possible and very interesting if you have a good software development company.

Today I will tell you about Telegram crypto signals channels.

To start with, it is important to say that now there are more than 500 such channels. And up to 10% of them are legit.

Of course, business is business and it has strict rules but I don’t respect people who do the things just by stealing money.

Yes, 90% of channels are made just to steal money. There are two popular schemes they use.

  • Scheme 1.
    They open a channel, develop it, but fake subscribers, and start attracting people, especially newcomers who don’t know this market well.

    The user sends the money for the subscription to the cryptocurrency wallet and that’s it. Then he is blocked.

  • Scheme 2.
    Here everything starts as in the first scheme but the user is not actually blocked. They invite him to the paid channel and he receives crypto signals. But those signals are fake and will bring only loss but no profit.

Why am I telling you this? I just want to show you that not every business here is good, but of course, the decision is up to you.

What I can advise is to make your own legit channel. It is not as hard as you think.

Even if you don’t know what crypto is and don’t understand the technical analysis, no problem. You can hire a professional trader who will do everything for you.

This service is very popular now and people actually live those channels that help to earn money.

And the best thing here is that you don’t need to have a lot of money to start this business.

There are some things you need to remember. They will help you to be good not only in providing signals:

  1. Communication
    Users appreciate when they get the answer in 30 minutes maximum. Even if you didn’t manage to reply fast, explain to them why.

    Try to give the answer to every question they have.

  2. Pricing
    Users are afraid of too low and too high prices.

    That is why, in the beginning, when you are gaining trust, set middle prices.

  3. Content
    People love the activity. This is why crypto channels admins make the free channel. You can post news, results of your trades, different advice, even the free crypto signals!

Users need to see that you are active and that you work with the channel every day.

And if you will trade with the signals you offer, you can earn more.

This kind of business is actually very easy and cheap and it doesn’t require a lot of time if you are going to hire the trader.

Cryptocurrency is the currency of the future, to my mind. And I think that in a couple of years people will trade with those channels like… like it is normal and they have been doing it for years.

You may choose to mine on the Ethereum blockchain. This quick start guide on how to mine ethereum will show you where you could begin your mining experience.

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