The crypto industry has exploded in development and activities in the past few years. No one expected that the crypto industry would grow tremendously and attract investors and institutions’ eyes. Bitcoin revolution became the first cryptocurrency that was launched in 2009. It has flourished worldwide as an innovative asset and was appreciated because of its underlying technology called blockchain technology. After bitcoin, developers created thousands of cryptocurrencies, a plethora of different blockchains, and various variants and specifications of blockchain technology.
Bitcoin and the crypto world have surely become a vast industry, but do you know how to start with cryptocurrencies or how to get involved in them? You must start by knowing your interests. The crypto and blockchain industry has divided it into specific niches that will help you participate according to your talent and interest.
So let us learn about the niches that are known in the overall industry.
You must have traded or heard of stock trading. Cryptocurrency trading is somewhat similar to stock trading. Thousands of crypto-assets exist in the crypto industry, and each crypto asset is volatile in its nature. Trading cryptocurrency refers to the process of buying and selling crypto assets to make a profit. Not all traders have deep knowledge or understanding of a crypto asset, and they are only concerned about buying the asset at a low price and selling it when the price gets higher to earn profit. You can get involved with cryptocurrencies by starting your journey as a crypto trader.
Folks who have the technical knowledge or are tech experts can start with cryptocurrencies by becoming blockchain and crypto developers. Developing means working on decentralized applications, developing blockchains, and running technical specifications for digital currencies. Developers do the work of providing solutions to every error of the industry. Multiple areas fall under the category of developers. In 2020, the Decentralized Finance niche became popular, introducing a bunch of digital assets swapping according to demand in the market.
As we all know, cryptocurrencies are decentralized, and therefore these are unregulated by the government. But regulations are a growing focus of users as the crypto industry is developing. Should governments craft new guidelines and laws for the crypto industry and blockchain industry? The folks interested in crypto and blockchain in the regulatory field can work on legal teams of crypto projects or serve the government to bring out the change by implying new guidelines.