7 Reasons Why Crypto Is The Best New Side Hustle For You

Published on: 04 February 2022 Last Updated on: 07 February 2025

Cryptocurrencies have been on the rise since 2015.

Although Crypto coins have had their ups and downs, they have maintained an upward trend over all these years.

If you are interested in making some passive income, just open an account on thebitqtapp.com/de, and get step-by-step guidance on Crypto trading.

Today, we will talk about why we think Crypto trading can be one of the best side hustles of 2022. So, without further ado, let’s get started.

Why Cryptocurrency Is The Best Side Hustle For You?

Before telling you the benefits of Crypto trading, let us inform you that these perks may not always be applicable depending on how the market functions. But, most of the time, they will be present, so let’s have a look:

1: It Has Low Selling Fees

If you plan to sell Cryptocurrency on an online platform, you will have to pay a nominal fee. However, if you work with a Crypto mining expert, that professional will guide you when to sell the virtual coin.

You can even share your resources while selling the coin, and the selling fees are almost rounded up to zero if done correctly.

If you think the Crypto market is too volatile for you to handle, that’s an invalid consideration. Because when you see the price of Crypto coins is dropping, you can sell them right away without spending too much money.

2: It Has A Strong Firmware

Crypto

Before mining Crypto coins, make sure you collect the right equipment. During the initial years, we know you could use any computer for mining these virtual currencies, but that’s a no-go now.

Your computer may become slow because the hardware in the Crypto world is too secure and too intensive for your old PC to handle.

It means you need to invest in some advanced computer hardware if you intend to choose Crypto as the best side hustle for you. But, instead of thinking of it as an investment, you can focus on the return.

The robust firmware of the Crypto world is what makes it so safe for you to trade in it.

3: It Does Not Consume Much Electricity

If Crypto trading had consumed too much electricity, we would not have recommended it because that would have been wrong from a sustainable point of view.

However, that’s not the case here. If your country has an affordable electricity price, trading Cryptocurrencies should not be that challenging.

Some countries stand in contrast to this philosophy, such as Germany, Denmark, or South Korea, because the price of electricity is much higher there.

On the other hand, the price is significantly low in countries like Serbia, Venezuela, Paraguay, etc. So, if you can carry your equipment there, trading Cryptocurrencies will be much more profitable to you.

4: You Get The Assistance Of Mining Experts

Since Cryptocurrency is a new field, you should never take the risk of mining alone. However, this field gives you the collaboration of mining experts so that you don’t take the risk alone.

It can make the mining process far more manageable, especially if you don’t know the rules of the Crypto industry.

Once you have a team of mining experts, your Crypto mining task will be done much faster and more efficiently. You can easily mine $10 every day. Now, imagine how much you can mine in a week, in a month, and a year.

5: Cloud Mining Is Possible

Do you know what cloud mining is? It means you get to purchase the Cryptocurrencies on someone else’s rig.

If you pay more, you will get more coins. However, there are other benefits when you sign up for cloud mining.

However, if you are already familiar with how the industry works, it may not be an excellent benefit for you.

On the other hand, if you need guidance on securely trading Cryptocurrencies, cloud mining is one of the best options. They will guide you through every step, but they might want a certain percentage of your earnings.

6: The Value Of Digital Currency Is Going Up

Crypto

If you are afraid of the volatility of the Crypto market, you can be sure that the value of these virtual coins will go up in the coming future.

Of course, it may fluctuate a little, but that is true for any stock market.

The market is still in its infancy, and it has already managed to stay up in terms of market valuation, so imagine what the value will be in the coming years.

7: Huge Profit Margin

If you join the right Cryptocurrency pool, you will profit beyond your imagination.

You can add your electricity bills, graphic cards, and even your spare time as an investment and count the profit accordingly.

Just do the maths beforehand, and we are sure you will end up making a good return on your investment deals.

Closing Thoughts

Are you still here?

It means you have grasped the concept of Crypto trading well and figured out how it can be a profitable side business.

If you are convinced, make sure you start trading Cryptocurrencies right away. For further queries, ping us in the comment box below.

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There is A Way To Save Yourself From Student Loans in 2021

Student loans can be helpful. You take out a loan to enroll in higher education, which can land you in better job opportunities, increasing your income. But of course, it can be a bit tough to save while you repay your student loans. Regardless, there are ways to save yourself from student loans, especially if you can manage the interest loans and pay more than the minimum. Here are effective ways to save yourself from student loans and pursue your dream job. 1. Pay Off Your Student Debt Faster The easiest way to get rid of your student loans is to pay faster. If you can, send massive payments to your loan servicer every month and do so ahead of schedule. Another method is to make half payments every two weeks instead of the full monthly payment. When that happens, you send the equivalent of an additional payment every year. Of course, you may not have the discretionary income to make the extra payments. 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When you refinance, it replaces several student loans with one private loan, usually at a lower interest rate. If you want to make faster repayments, choose a new loan term that’s less compared to what you have left in your current student loans. Going in for a shorter loan term may increase your payments each month. However, it’ll help you clear off your student loans faster and save money on interest. Final Thoughts The strategies explained above can help you pay back your student loans and save money. But not all the repayment methods can help you do that. Some repayments are designed to help you manage your debts, such as income-based repayment plans. These plans can help you clear off your debt on time and in full. Now, even though it can help you today, you'll end up paying more money in interest charges over your loan life. It is worth mentioning, some educational institutes like Navient were forced to close due to fraudulent activities. These institutions are to compensate students who are affected. Check to see if you apply to these compensations If you don’t have a clear solution, you may need to talk to a student loan expert. Read Also: Understanding the Steps in Debt Collection How to Reduce the Cost of College Textbooks How To Impress A Recruiter If You Are Still A Student

Debunking 7 Notorious Bankruptcy Myths

Bankruptcy is a serious step in anyone’s life and can have serious consequences. However, in many cases, bankruptcy is the only way out for some and can bring about the much-needed change as it helps them get rid of old debts. Understanding how bankruptcy affects you is key when deciding whether to file for bankruptcy with the help of experienced attorneys such as the BK Lawyers. People often turn to familiar people who have been through the same thing or try to find answers regarding bankruptcy on the internet. And while in some cases this might provide the answers they seek, in others, it may bring a lot of misinformation. There’s no reason to turn to unreliable sources for advice when in most cases bankruptcy attorneys don’t charge the initial consultation during which they can provide answers to all the questions you may have about the process. Therefore, we recommend consulting an experienced attorney before consulting the internet. To help you better understand bankruptcy, we are going to debunk some of the most common myths. You Can’t Travel Overseas after Filing : Many people believe filing for bankruptcy prevents you from traveling overseas. However, the truth is that a trustee will let you travel overseas as long as you make the required payments and provide the required information. You’ll also need to provide financial information regarding the trip, for example, who’s financing it, where you’re traveling, etc. Filing for Bankruptcy Costs a Lot : As we mentioned, the initial bankruptcy consultation is usually free. Reliable sources you can consult about bankruptcy include trustees, insolvency experts, and AFSA. You’ll Love Everything : One of the most common myths is that filing for bankruptcy means you’ll lose all your assets in order to pay off your debt. Depending on the debt, you may be allowed to keep a lot of assets including your household items, furniture, and appliances. You may keep a significant portion of your balance to cover the costs of living. In some cases, you may be allowed to keep your vehicles to a certain value, as well as tools of the trade. However, most people worry about losing their home. And even if your home has to be sold to cover your debts, you may arrange to purchase it from the bankruptcy trustee. Your Earning Will be Limited : There are no limits to your earning when you file for bankruptcy. However, if you earn more than a certain level you’ll need to make some contributions every year during the period of bankruptcy. The Debts you leave off the Bankruptcy Form are Not Included : When filing for bankruptcy you need to submit a form listing all your assets and debts. This form is called a Statement of Affairs form. Leaving information out of this form is considered an offense for which you may be criminally prosecuted. While you need to fill out the form as precisely as possible, leaving out a debt unintentionally will not affect whether that debt will be included in the bankruptcy. You Have to File for Bankruptcy if You Can’t Pay Your Debts : There are other ways to cover your debts, but in most cases, bankruptcy is the most effective one. Bankruptcy has a minimal impact on your finances if you’re not able to cover your debts through selling assets and earnings. IF you have a higher income or have reasons to avoid bankruptcy (if you’re a CEO) you can refinance your home, arrange a debt agreement or make informal arrangements to cover the debt. You’ll Never Get a Loan Again : While your bankruptcy is recorded in the credit report seven years after filing and it’s recorded in the NPII, there are still ways to help people with bankruptcy get back on their feet. Credit providers are willing to assist individuals who filed for bankruptcy to get a loan despite that.

Is there a Place for Bitcoin in the Fashion World?

When Satoshi Nakamoto's whitepaper for a new cryptocurrency was given a life, many expected Bitcoin to be adopted by nerds or enthusiasts who live by their own rules. But Bitcoin secured a permanent place in history as the world's first cryptocurrency. From its humble beginnings, it established applications that have disrupted politics, media, finance, governance, and more. Fashion and cryptocurrency It's a popular myth that Bitcoin's (and the other altcoins) only purpose is to make traders money on the cryptocurrency market. But not everyone checks up the Bitcoin price because they want to invest in cryptocurrency. Luxury brands can benefit from blockchain because it helps authenticate items and prevent counterfeiting, thus earning them an honorable reputation. Blockchain can also act as "social tokens" that build community among crypto-enthusiasts, making luxury brands more desirable for their exclusivity. Practical uses of blockchain and Bitcoin in the Fashion World Authentication of goods A new wave of companies is using the blockchain to certify that their products are authentic. The seamless integration of the blockchain into e-commerce platforms allows shoppers to get more information about a product, including its provenance and how it was made. A QR code may be used on the packaging of authentic designer products, which can be scanned by smartphone users to verify their authenticity. Cryptocurrency payments Blockchain technology can be used to improve the efficiency of payments between parties at different stages of the supply chain. Bitcoin's blockchain was designed with the goal of creating an entire financial system that is decentralized without having to trust any third party. Using blockchain, fashion brands can receive payments internationally quickly, securely, and economically. Product lifecycle tracking As more luxury brands adopt digital solutions, it is becoming increasingly necessary to track product life cycle events. With blockchain ad authentication, brands can better understand how their product is affecting the environment and manage the full life cycle of their goods. Tackling ethical issues in Fashion With the rising public consciousness about ethical issues related to apparel, blockchain technology will be able to address these concerns in a more elegant way that will allow brands to be more aware of their manufacturing practices. This will further encourage manufacturers to be more conscious of their ethical responsibilities. The Future of NFT in Fashion What is NFT? It is a digital-only item that can be traded much like a real-life artifact. Unlike images that can be endlessly broadcasted online without belonging to anyone, NFTs are carefully curated into an immersive experience that gives you the impression of owning something physical. NFT's are seen as the future of Fashion In March 2021, street lifestyle brand RTFKT sold more than $3m worth of new season sneakers in just seven minutes through an NFT. As the debate about the value of digital goods continues, consumers are starting to use cryptocurrencies to acquire luxury products. A new class of customers is paying for luxury items upfront, with cryptocurrencies tied to the value of a real-world property. Nike, Burberry, and Louis Vuitton already have NFTs for their brands, and many others follow. Fashion fans paying with Bitcoin While the majority of fashion brand clients do prefer to pay with a traditional method, there is a growing demographic of individuals who enjoy cryptocurrency, especially those who have made money from it. These crypto enthusiasts want to buy Bitcoin with Paybis and purchase their fashion goods with it. Some watch brands (like Hublot) are already embracing the change and will allow purchasing with Bitcoin on their online store. Bitcoin loyalty points Cryptocurrency can be implemented into a loyalty or rewards program, offering users incentives for purchasing from brands that accept cryptocurrencies. The amount in Bitcoin can be stored in the crypto wallets of the customers if they want to trade it at a later stage for a higher amount. Merchants that accept cryptocurrencies as a form of payment may also benefit from the advantages traditional customers have. In aggregate, 36% of customers that use cryptos to make purchases have average incomes of over $100k and purchase amounts of around $450 per order. This is compared to about half that ($200) for customers who do not use cryptos. Summary Bitcoin and non-fungible tokens have a decisive role in the fashion world because they allow consumers to buy goods from faraway places as well as verify their authenticity. Fashion items can be costly, so these two technologies will prevent the industry from taking advantage of scammers and counterfeiters. 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7 Reasons Why Crypto Is The Best New Side Hustle For You