The reasons I did not pursuit for cryptocurrency money making opportunities online

The main reason I did not pursuit for cryptocurrency money making opportunities online is due to the high startup cost. Nowadays you need to purchase high performance computer for the mining work. However, regular high performance computer is might not be the right equipment for mining. You will have to purchase computing system specifically design for cryptocurrency mining and only for the purpose of mining. These hardware and equipment are unusually expensive. You will also have to deal with the high cost of maintenance and upgrade. And if you are mining cryptocurrency from a high temperature location, you need to install air conditioning system to cool down the equipment and hardware. Just when you think the spending stops once you purchase all the hardware and equipment required, wait until you get the electric bill once you start mining. Thus if you are not making enough money to cover the expenses, you can be broke easily after 3 months.

The second reason which I did not pursuit for cryptocurrency money making opportunities online is due to the security concern. If you are managed to mine and gather a lot of cryptocurrency, you will need a special online wallet to keep the cryptocurrency. That means you cannot keep the cryptocurrency in a physical form in your house or bank. If you happen to lose your online cryptocurrency wallet, you basically lost the money. How do you lose your online wallet? One of the common ways to lose everything is when you forget your login id or login password for your online cryptocurrency wallet. If you are not careful when logging in your online wallet by using virus unprotected computer, hackers might get their hands on your login id and password. You might lose your online wallet due to computer virus or targeted by hackers.

In my opinion, it is still very risky to invest in cryptocurrency. But again, if you are hoping to make a lot of money fast, this is the risk you need to take. “No risk, No gain”

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