For Malaysians: Investment in Cryptocurrency, it is safe or risk to take?
As Covid 19 cases arise since year 2019, many things have happened and swipe everyone lifestyle. For instance, work from office to work from home. Everyone started to learn new skills and think deeply to earn more as there are arise on unemployment or retrenchment due to economic impacts from covid.
At this point of time, passive income seems come into place. Cryptocurrency or stock market, or gaming NFT and a lot of technology savvy stuff come around the corner. For instance, in terms of gaming, Axie infinity game, a pokemon similar game that allows investor to earn slp (smooth love potion) token through completing the quest or arena challenge. Of course, the investor need to purchase 3 Axie ahead from axie market place. However, this slp rate is not fixed and it is the risk to be taken by the investor.
Link refer: https://marketplace.axieinfinity.com/
Eg, Pegaxy where you can breed, play and earn. Link: https://pegaxy.io/
Pegaxy is a racing game where investor can rent, share profit, breed or purchase horses to gain return in terms of coin.
Eg. Gala games. Link: https://app.gala.games/
There are plenty of game under gala and investor normally need to invest in the NFT items in order to get tokens or coins as return.
Besides cryptocurrency games, there are also NFT items that sell in the ecosystem where artist or anyone can sell NFT and earn passive income accordingly.
To purchase or sell an NFT, you can go to open sea market: https://opensea.io/
Overall, all the cryptocurrency is an investment and it is a risk to be taken by the investor. Like the said, high risk high return but there will be loses as well. Investor need to make their own judgement when making any decisions.
Anyways, thank for reading and I am just an ordinary person that would like to share some useful information.
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