How to make money with cryptocurrencies

The crypto market is exponentially growing, and, as a result, cryptocurrencies are generating a lot of interest from would-be investors. Despite its well-known volatility, many people see it as an opportunity to grow their investment portfolio.
If you are inclined to invest in cryptocurrencies, the good news is that there are numerous opportunities to earn real money with cryptocurrencies. However, before joining any crypto exchange, it is extremely important to understand what you are investing in and the opportunities for making profits.

This post covers how to get started with cryptocurrency and ways to make money. Read on to learn how to make money with cryptocurrencies.

Guide to investing in cryptocurrency

Cryptocurrency is a digital currency that solely operates on a blockchain, a digital ledger that ensures the same coin is never used twice. While many people use cryptocurrencies to pay for their purchases, it is more broadly an investment.

If you are looking to broaden your portfolio by investing in crypto, these steps and tips will be of great help:

1. Understand what you are investing in

There are literally thousands of cryptocurrencies, all functioning differently and new ones being created nearly daily. To avoid falling into some sort of trap or making significant losses, you need to understand how individual cryptocurrencies work and the investment case for each.

For the most part, cryptocurrencies are assets on their own, meaning they are not backed by any other sort of asset. You have to sell the assets at a higher price than you paid for them to make profits. The idea is to understand that there is an equal chance of making losses.

2. Focus on the future potential of cryptos

Everyone gets into the crypto market hoping to make money, but many end up quitting. But why?

Many new investors make the mistake of looking at the past and extrapolating the same to the future, which shouldn’t be the case. When investing in cryptocurrencies, you should focus on what gains you will make, which does not necessarily depend on the performance of crypto in the past. For instance, there’s no guarantee that bitcoin performance will continue into the future, so focus on how you can drive returns after investing.

A little knowledge about the past is essential, however.

3. Watch for volatility

The crypto market is one of the most volatile markets. The prices of any cryptocurrency can drop or rise very quickly. Understanding how the market generally trends and being able to predict how the prices will move can give you an edge, particularly if you can execute trades rapidly.

Before investing, you want to make sure that you can optimally leverage volatility; otherwise, it may crush your investment. Many crypto exchanges help new investors solidly grasp the market’s fundamentals from the go.

4. Learn to manage your risks

Investing in volatile assets like cryptocurrencies requires you to manage your risks. The biggest thing is to know how you can develop effective processes that keep losses minimal while increasing the chances of making profits.

Depending on how long you want to stay in the industry, you may want to set strict rules on when to trade, then adhere to just that. It is also good to beware that managing risks comes with an emotional cost.

5. Invest what you can afford to lose

Crypto trading is lucrative, but investing in cryptocurrencies carries very high risks. As such, you don’t want to put the money that you need into risky assets like cryptos.

When it comes to investing in cryptocurrencies, the thumb rule is if you can’t afford to lose it, don’t put in trading. A better way to get started with cryptocurrency investment is by working with a broker or crypto exchange platform. A reliable crypto exchange will help you secure your assets and may offer tips to leverage the volatile market.

Ways of making money with cryptocurrencies

There is no absolute best strategy for making money with crypto. What works for one investor might not be the best for another investor.

Here are strategies to consider:

• Investing – This involves buying and holding cryptocurrency coins or assets for some time and selling them when the prices are high. Despite being very volatile, cryptocurrencies tend to have enormous growth potential over the long term.

• Trading – If you can execute trades rapidly, you can benefit from the crypto market’s volatility. Trading involves leveraging short-term opportunities. However, this requires apt analytical and technical skills.

• Mining – This is one of the oldest ways to make money with cryptocurrencies. Crypto mining is profitable but requires expertise and significant upfront investment. The most exciting part is that it carries the least risk.

• Staking and lending – Best left in the hands of those experienced with the world of cryptocurrencies, staking is the technique of validating cryptocurrency transactions. It is an integral part of Proof of Work (PoW), and you get rewards comparable to the interest your credit balance attracts.


A good grasp of concepts around cryptocurrency is the trick to becoming successful crypto investors. Hopefully, this post educates you on some of the essential things you need to understand before investing.

If you want to go beyond being just a beginner at this or any other skill, and work toward developing a real mastery, then you are going to need a deeper and more powerful strategy. What you need is a way to hack your brain so you can develop a winning mindset.

A winning mindset is a state of mind that allows you to enter a flow state at will. You do this by programming your subconscious mind.

Believe it or not, most of what you do throughout an average day is NOT freely chosen by your normal waking consciousness even though it may seem that way. The truth is that most of what you do on a day-to-day basis is done on autopilot. An example of this would be when you’re driving your car and as you do so you get bored and begin daydreaming. Before you know it, you find yourself several miles further down the road with absolutely NO memory of having driven those last several miles.

Embedded Software Development – Recent Developments

There has been a rapid growth in embedded software development in recent years. Worldwide, numerous industries are seeking intelligent solutions to manage their day-to-day operations, processes, and business challenges. Hence a significant increase in demand for embedded software and system is an obvious consequence.
More and more businesses will go for gadgets/devices having embedded software that can easily be connected with other machines/systems. Here, it would be worthwhile to briefly elaborate on some important recent developments specific to the sector of embedded software.

• In the recent past, there has been a dramatic surge in the number of organizations adopting IoT (Internet on Things). This has boosted the development of the embedded software industry in a big way. It is expected that there shall be a huge rise in revenues generated by this sector, during the next five years. • The Covid-19 pandemic led to a sudden and quick increase in demand for various medical devices. These devices help us to keep track of some important, basic medical readings, from the comfort of our homes. And its embedded software that makes these devices work in a reliable way. • Over the last two years, there is a significant rise in the usage of intelligent automobiles. These automobiles perfectly guide drivers by providing details regarding the most convenient and safe routes, weather alerts etc. Quite a few gadgets need to be deployed in these vehicles to make it a reality and embedded software is present in all such devices. • Consumer expectations for embedded software devices have now undergone a major change. People are looking at things like seamless interactions and slender displays. The concerned businesses promptly made a note of these changing user preferences and have started manufacturing products accordingly. Thus, a major chunk of embedded software gadgets/ devices now available are sleeker and easier to operate, compared to their predecessors. • The circumstances resulting from the pandemic have compelled businesses to permit their employees to work from remote locations. Though pandemic severity has now lessened, many companies are still preferring to continue the “work from home” model.

Hence, many professionals are still providing services from distant places, and this includes developers of embedded solutions, as well. Many Internet-based tools like PlatformIO and GitHub are making things simpler for these profiles. Developers can make use of these tools for bringing out perfect embedded software solutions.

• There has been an alarming upsurge in the incidence of cybercrimes. Several businesses, institutions, and medical facilities have been seriously affected by these attacks. Many experts are of the opinion that when the usage of 5G becomes more common, there will be an escalation in instances of breaches of cyber security. • One of the ways this can be combated is by incorporating embedded software that specifically address the cyber threats. And many organizations and businesses are already opting for these embedded software solutions to enhance the security of their online operations. • The requirements and preferences of modern-day users have become more complex than ever before. This is in the sense that people now aren’t content with just slim devices and classy displays. They are also seeking high speed while navigating and transacting through the Internet. Here again, sellers and providers are depending on embedded technologies, in direct response to the above user demand.

Software Product Engineering- Basics You Need to Know

Software product engineering refers to the complete process involved in bringing out a software/ digital product. The process spans several stages where there are specific deliverables from each stage. The entire process is driven by the primary objective of ensuring that the eventual outcome fully conforms to the specification of the product being developed. Most importantly, the final product should meet the objectives for which it has been developed.
Here, we need to highlight that software product engineering is much bigger than software development. This engineering doesn’t excessively focus on the technologies used; it’s more concerned with enabling a seamless user experience.

Software product engineering- Outcome-oriented or input-oriented? Many people wonder whether product engineering is outcome-oriented or input-oriented. Let us now examine this aspect. Although several inputs are given during the development phase of a product, software engineering is not of input orientation. It is essentially an outcome-centric process.

This is because right from day one the emphasis is on the result/ product expected. The software product engineering process of any company has the same important goal: delivering exact solutions desired by clients. This process attaches a lot of significance to exactly understanding both the user preferences and the issues being faced by them. These details help the team in taking decisions at various stages of the software product/ solution development.

Software product engineering- Different phases At this point, it won’t be inappropriate to briefly speak about the different phases of a software engineering process.

• Concept: In the concept phase, the product engineering team comes up with a framework for the product. Concepts for the specified requirements are identified. We can say that a blueprint for the final product is developed. • Development: Subsequently, the phase for the creation of the product gets initiated. This involves design, development, and end-to-end testing of the system being designed and developed. Care needs to be taken to make sure that the development cost is well within the anticipated cost/budget. Product features are constantly analyzed and prioritized for development. Features are prioritized as must-have, nice-to-have, optional so on. This helps in taking decisions on features to implement or to postpone or drop. • Testing: Here, the finished product is subjected to stringent tests to be certain that it provides a good experience to end users. Any errors noticed are instantly corrected. • Launch: After successfully passing through the above phases, the product is eventually launched. The related information is shared with prospective users through digital and print media, and public events. The software engineering wing keeps track of feedback from consumers, as well. • Maintenance: The importance of the maintenance phase should never be overlooked. In case of any complaints from users about the functionality of the product, product engineers mustn’t lose any time in resolving the problems. Additionally, these professionals have to continue researching the market. This is for the purpose of quickly adding updates to the software product, as and when needed.

Depending on software product engineering has now become mandatory for various organizations. That’s the only way for these entities to attain success amid fierce competition in contemporary markets. You are advised to hire the right professional adept at managing all the software engineering stages. That’s become a key ingredient for ensuring viability and boost the growth of your business.

6 Powerful Strategies for Digital Transformation

Businesses need good strategies to stay ahead of their competitors and digital transformation is no exception. Strategic planning is a must to deliver best digital solutions. Developing a roadmap for short-term and long-term digital transformation is the basic need for the formation of digital transformation strategies.
Let’s examine in detail some of the prime strategies for an effective digital transformation initiative of your company.

Leverage people-first digital technology: Invest and adopt digital technologies that are people centric. This will effectively bring your brand closer to your audiences. However, finding the right digital technology is important to draw the attention of potential customers who are willing to accept those technologies. Most importantly, you’ve to build strategies to empower these technologies. This means you should understand the uses, functions, and impact of these technologies and make the most of the big data collated. Consequently, this will boost productivity and quality of your products and services.

Who formulates the strategies? The most overlooked aspect of building strategies for digital transformation is who should be driving it. The digital transformation requires an effective leadership mindset and guidance. When a strategy combined with the right leadership, increases the effectiveness of digital transformation initiatives. Often a visionary leadership, leads a better, cost-effective, and time-effective plan that transforms while keeping the business’ North Star in mind. North Star of a company defines the purpose, product, and potential clients for its business.

Use of data analytics to improve business value: The discipline of data analytics extracts patterns, trends, and insights from big data collated in the system. These data when analyzed using a powerful algorithm (with automated learning capability) help the businesses to find answers to many of their everyday queries like ‘which products are customers buying? What do they prefer? What are they talking about? Where is the real gap? These answers enable them to develop plans and strategies to effectively address the gaps.

Conduct competitive analysis and market research: Conducting a competitive analysis will help in better understanding the strength, weaknesses, opportunities, and threats with respect to its competitors. Most importantly, a competitive analysis will help in understanding the market, target customers, customer acquisition, competitor products, and market potential. Similarly, doing a thorough research will give you an understanding of how they do their business, what is the latest trends that your business is experiencing, what are the customer’s need, and how can you facilitate strategic planning and stay ahead of the competition.

Set a budget: A digital transformation is an expensive process. Once you know your purpose of transformation and outline your plan, immediately set an appropriate budget. This budget should address forthcoming expenses you’ll encounter through the entire phases of digital transformation. It could be for covering costs such as development & deployment of digital solutions, tools, change management, process optimization, employee training, hiring of skilled labor, any unexpected events so on. The ever-changing process of digital transformation can create unexpected expenses at any stage.

Digital transformation through right technologies and tools: Identifying the right technologies is one of the most important steps while drafting an effective digital transformation strategy. Some new age technologies that should be embedded in your digital transformation strategy are

• Cloud computing • Artificial intelligence • Internet of things • Location-adaptable technology • Machine learning

Also, implementing the right digital tools in your digital transformation strategy can help you meet your goal. These include but not limited to:

• Instant messaging • Application tools • Sales management tools • Standard operating procedure • Customer relationship management software • Video chat software

Above all, it is important to implement your strategy through a proper digital transformation roadmap communicated clearly to all stakeholders.

Older posts »