Difference between passive income from affiliate marketing & cryptocurrency investment?
Affiliate marketing is a type of marketing in which a business rewards affiliates for each customer brought about by the affiliate's own marketing efforts. Passive income from affiliate marketing refers to the recurring income received by affiliates for promoting a business's products or services.
Cryptocurrency investment, on the other hand, involves buying and holding cryptocurrencies with the expectation of earning a profit through their appreciation in value. Passive income from cryptocurrency investment can be earned through staking, where the investor holds and stakes their cryptocurrencies to validate transactions on a blockchain network and earn rewards for their contribution to network security.
In summary, passive income from affiliate marketing involves earning recurring commissions for promoting a business's products or services, while passive income from cryptocurrency investment involves earning rewards for holding and staking cryptocurrencies.
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Hi Retl. They are miles apart. I've been trading crypto for years now. Pick the right trading pairs, put in a stop loss and a trailing sell order and you can make money for sure - you can lose it as well. You should aim to win 7 or 8 times out of 10 trades. Your stop loss ensures you don't lose too much if you have made the wrong call.
I might do a blog post on this as I feel it will be of interest to the WAC.
Paul
Hi Paulbounce. I'm delighted to meet you and another crypto trader in the WA Community. Yes, risk management in cryptocurrencies trading is key. I've heard just enough stories about retail investors not having proper risk management in place when trading crypto. Because of the erratic price volatility of cryptocurrencies, the risk of financial loss is extremely high in the absence of risk management, particularly a stop loss. I look forward to reading your blog post on cryptocurrencies.
No worries Retl. I'll follow you and if you do the same back you'll be notified when I post.
Paul
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There is a big difference between the true, thanks for sharing and explaining.
Hi JanetteT. Yeah, a mile apart between the two. However, they are also complimentary to each other, especially when come to reinvesting profits from either one as expansion for affiliate marketing offering or investing in cryptocurrency staking for passive income.