Skip to main content

Should I create my own Cryptocurrency?

 The main mistakes people make be this

  1. Lack of money to invest
  2. Not understand marketing
  3. Not understand enough about crypto
  4. Wrong plans
Virtual currency of Bitcoin but with Silver colour for the coin and dark blue programmer style background


To promote even a low even shitcoin you need $100,000 as like a minimum to have any chance of making it become any level of sort of mini success most of the time such as I knew someone with $10,000 try it and fail bad over lack of money you need money to pay Instagram or Crypto celebrity like $500 at the minimum to max of like $20,000 meaning if you want to pay for  them to promote it you need a good amount of money to do it market brand wise you could do it with PPC as well which could be done cheaper but take longer to make it become successful around 2 to 5 years unless you get likely.

You could do it SEO route which would then take like 2 to 20 years depending a large amount of the work you put in and also the money you are willing to invest into the site or social medial profiles.

Marketing is big thing people get wrong many people just think you keep  talking about it then someone think it's cool or important which often fails for newer crypto because of people lacking the knowledge the crypto exists since not enough people talk about it overall. https://www.epintoken.com/2022/09/can-investing-right-allow-you-to-buy.html

A crypto needs a strong social medial preference such as lots of Facebook or Instagram or Reddit or Youtube videos covering it that alone is needed in order for it to turn from shitcoin into stablecoin it also takes a lot of work which a lot of people may not have time to do it such you would need a minimum of 10 people working on at least 40 years doing work for the site for it become popular if you can only work like 2 hours per week or month then it will probably never become a stable currency in most cases.


Crypto is ever-changing business or currency meaning what you know today could be wrong by tomorrow and the software running them is always getting better as well means if you start crypto using like 5 years out of date codes into your crypto you may find it fails because of that or you forced to pay someone else to upgrade how it works which can become very complex and confusing overall.

Many people plan short term they plan to make it big within a short period of  time within 1 year which for many people that is impossible to be true unless you are famous and real successful celebrity or you have big money to promote things or great connections.

Comments

Popular posts from this blog

Can investing right allow you to buy real Estate?

Yes, let me explain why when it comes to using crypto you can do it two main ways buy into stable crypto like Bitcoin or Eth both of these values should stay fairly high if you were to buy this year for most of the time so you would buy them at the current values of Bitcoin be around $21,000 with Eth on around $1500 meaning if you keep hold of them for like 2 to 5 years of them when they go up to like $30,000 and $5000 that should allow you to have enough to buy a property in a one of payment probably quite easy as long as you don’t have big debt already or other high expenses to pay every year or month a like. When you get the crypto value of between $100,000 to $200,000 time to buy a property would be a good idea whether you want a flat or small house or something else you can decide that yourself if you are doing this as a way to rent it out for some reason then make sure it’s a popular or attractive area so getting tennant can be done quite fast as whole if you want to sell the pro...

Crypto bots

 Are these a good or bad idea? The good parts first of all include it can allow you to buy and sell crypto automatic meaning instead of you reading the data every day of the week to watch what's going on the bot should be sent if coded right the data into it so it makes the right buying or selling decision as much as possible for example if the crypto you buy at $20 that means if it goes down to $15 it should not sell it but if it goes up to like $25 then it could sell it  for you then when it does down ahead it rebuys some then resell it when it gets higher again http://coinledger.io?fpr=0qwbd The idea of this is to allow people money buy just using bot which does all the work for you and so you don't have to pay someone a lot of money to manage it all for you plus your bot can't go to sleep meaning it is will not after 16 hours work need to sleep it can work 24/7 for why these became popular in some places so far.  https://www.epintoken.com/2022/09/ethereum-eth-number-2...

Paying Employees in Crypto

 The current Bitcoin value would be $20,156.30 so if you were to pay an employee in the main crypto of the world bitcoin that would mean it would need to be done in a high paying job for most of the time unless they would get paid once every 1 to 4 months depending on what wage they get paid per month and also in some cases that could mean they go from rich to poor depending on the value of the trade period but if you did own like 10 Bitcoin you would, in theory, have like $100,000 in asset value. Quora Paying a employee needs to be done by a stablecoin not shitcoin since if you use a shit coin like Polecat that means you will have an employee with a very unstable  value such as like 50,0000 could be worth like $1000 per month then next month be worth like $100 or $1200 depending when on it's value each month overall. ETH value be $1371.91 at the moment meaning it's a stable value so you could pay your employees say like 2 to 6 per month depending on what work they did and al...