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In the third installment in this three part series, we will be looking at what we can do with Ethereum earned on Publish0x.
I love ether because it's versatile, and has a lot of uses. So let's see what we can do with Ethereum.
1. Trade it to increase it
If you can trade (and believe me, you should be learn how if you don't know already), you can trade a swap contract for Ethereum to increase it.
Trading is not very difficult, contrary to popular belief. It's much easier than most people put on. Simple patterns and lines can make you money if you know what you're doing.
Fun fact: In my telegram channel, I offer a full crypto trading course, from start to finish.
Trading of course comes with the risk of losing your money, but you can combat that with proper risk and trade management.
In fact, back in December, I lost more trades than I won, but I still was able to 2x my trading account. This was because I practiced proper trade management, and used stop losses and all that fun stuff. If you like to live on the edge, then futures trading Ethereum is the way to go.
2. Save it
Saving Ethereum is also a way to give steady gains without the involved losses. You'd need a good saving software, and I recommend either Binance savings or Compound.
Binance savings gives you a more stable APR. They do this by lending out your money which you deposited to a saving pool, and then they receive returns on the money and share part of the returns with you based on your percentage of donation to the pool. It's a really simple mechanism that allows you to earn a very stable interest over time.
Compound however doesn't offer a stable interest rate. What they offer though is a more decentralised option to save, and the APR can get as high as 20% on some select cryptocurrencies.
3. HODL it
Hodling has become a big deal in the crypto world, with hodlers outperforming traders in the long term.
If you held Bitcoin since March, you'd be up over 300% on your investment by now. In fact, let's use a more normal example. Of you held Bitcoin from June till now, you'd be up 64% on your investment. Which is saying a lot.
Holders have it easy, in that they buy a coin and forget about it for like 3 years. However, holding requires large capital to make any substantial gains. Trading however requires smallee capital to make more gains.
But you can hold your Ethereum for decent gains, and it's safer to do so, especially if you can't trade.
Well, those are my favourite things to do with Ethereum! Let me know what you do with yours down below.
Be sure to join my telegram, and leave a like and tip on the post if you enjoyed it. Till next time!
