Topic: 3 ways of making Money from cryptocurrency - page 3. (Read 1339 times)
yes mining and be a speculators (investors) is the popular one, we all know that the bitcoin price is always moving, and int his situation the speculators can be the best people that will speculate the bitcoin price.
Wrong idea, yes you can gain from those subjectively and not all the time you will.
There are a lot of good ways to earn using crypto. The most recommended is of course offering your services that could be technical or personal.
Mind that trading is not for everyone and is not an easy way of getting a crypto aswell
Perfect answer mate,many stupidity is going on inside crypto community and most special on that are thise saying that everyone can be a trader because this is an insult to the legitimacy of a knowledgeable trader that most of them took very long period of time to master that are of profiteering There are a lot of good ways to earn using crypto. The most recommended is of course offering your services that could be technical or personal.
Mind that trading is not for everyone and is not an easy way of getting a crypto aswell
I must admit that i am not also a good trader though i have tried my best to gain a little amount from this .what i can advice is to invest and make a long term holding because in this maybe luck will be on everyone and give gains in future
hodl is better
in my opinion getting money from crypto is by selling our coins. and invest in other ways that are profitable. and climb at the price we need.how can you achieved all of that if you dont know how to practice the word hodl ? you know mate the guy above you is correct . hodl is better if ever we wanted to earn money from cryptos but first let us know how to obtain a crypto . think of what you can do based on the status of your life .
The three ways of making money from cryptocurrency are being a miner, trader and joining some bounty campaigns.
only 3 ways ? i believe there are more than 3 ways to earn money on cryptos and the 3 that you mentioned above are more riskier and hard imo .
Method number 1 Mining, or mining "digital gold" in the network
Cryptocurrency is completely decentralized: there can not be a specific state, corporation, individual person or group of people. Anyone can voluntarily connect to the system and engage in the extraction of cryptocurrency, investing resources in obtaining new blocks and receiving remuneration for it. To this end, mining farms are usually organized and pooled.
All that is needed for mining is computing resources that will allow your computer to quickly and efficiently perform complex cryptographic calculations, during which bitcoins or other coins will be extracted. The situation with the blocks is constantly growing, and the competition is too high. Many video cards on powerful and expensive video cards ASIC devices.
It is possible to earn money on mining, but for a beginner miner who does not have a super-power farm, it makes sense not to extract bitcoins, but other digital coins. We are talking only about the cost of equipment. In addition, you need to have electricity and monitor the work of the farm. If you do not want to engage in mining-farm yourself, there is an opportunity to invest in the so-called cloud mining - buy part of the capacity of a large mining farm and receive a percentage of the number of coins it mines.
Method number 2 Investing, and in five years wake up a millionaire
Bitcoin has become a real sensation in the world of business and finance. It was a rather short time. Some claims that this is a big financial pyramid, although there is no basis for such an assertion. However, growth is predicted.
Investing in Bitcoin for 1-2 months is not always profitable, because the cryptocurrency has a high volatility, and sometimes its course can sag. In this case, the portfolio can bring a very substantial income.
That is why Bitcoin will continue to grow:
Bitcoin and other cryptocurrencies are based on blockchain technologies that spread throughout the world and penetrate into all areas of our life. It is noteworthy that even skeptics appreciate the potential of this technology.
Restricted Emission - a limit of 21 million is already in the Bitcoin source code. Already, most of the Bitcoins have already been mined.
recognition of bitcoin worldwide. The government of most countries discusses the legalization and regulation of Bitcoin. Although he does not everywhere recognize that he is a means of payment, and no one forbids the use of cryptocurrencies, and it can be freely exchanged for fiat money at the current rate.
at the time of financial crises. There are examples in Venezuela, Zimbabwe, Iran and other countries. After the cryptocurrency becomes available to all people, they will be able to save their savings.
Investing in a cryptocurrency, it is important not to panic and not to throw off coins at any price dips - on the contrary, at such moments it makes sense to buy additional tokens.
Method number 3 ICO: high yield vs high risks
We are talking about Initial Coin Offering - the primary placement of coins. The emergence of Bitcoin has nothing to do with ICO, but the creation of cryptocurrency number two - the ether - is still an example of one of the very first and most profitable ICO projects for an investor, since the cost of the broadcast has soared thousands of times since launch. In 2017, new digital coins appear like mushrooms after rain, and such projects have already attracted billions of dollars.
The development of any new blockchain project requires resources: developers attract investment by offering in exchange for digital coins. You can make a fortune with ICO if the project “shoots”. But not all projects are successful, so it is important to be able to correctly evaluate and analyze a startup. For a non-professional investor, the main problem is that it is rather difficult to calculate the risks. Even having on hand all the data about the company or team launching the next project, it is not always possible to predict how much it will pay for itself, how the market will react. But with a professional approach (or in the case of banal luck), you can earn 1000% per annum or even more - there are enough such examples on the ICO market. Professional investors carefully analyze each project and do not invest all means in one ICO start-up, and diversify their investments. This approach makes it possible to get a very high yield.
Cryptocurrency is completely decentralized: there can not be a specific state, corporation, individual person or group of people. Anyone can voluntarily connect to the system and engage in the extraction of cryptocurrency, investing resources in obtaining new blocks and receiving remuneration for it. To this end, mining farms are usually organized and pooled.
All that is needed for mining is computing resources that will allow your computer to quickly and efficiently perform complex cryptographic calculations, during which bitcoins or other coins will be extracted. The situation with the blocks is constantly growing, and the competition is too high. Many video cards on powerful and expensive video cards ASIC devices.
It is possible to earn money on mining, but for a beginner miner who does not have a super-power farm, it makes sense not to extract bitcoins, but other digital coins. We are talking only about the cost of equipment. In addition, you need to have electricity and monitor the work of the farm. If you do not want to engage in mining-farm yourself, there is an opportunity to invest in the so-called cloud mining - buy part of the capacity of a large mining farm and receive a percentage of the number of coins it mines.
Method number 2 Investing, and in five years wake up a millionaire
Bitcoin has become a real sensation in the world of business and finance. It was a rather short time. Some claims that this is a big financial pyramid, although there is no basis for such an assertion. However, growth is predicted.
Investing in Bitcoin for 1-2 months is not always profitable, because the cryptocurrency has a high volatility, and sometimes its course can sag. In this case, the portfolio can bring a very substantial income.
That is why Bitcoin will continue to grow:
Bitcoin and other cryptocurrencies are based on blockchain technologies that spread throughout the world and penetrate into all areas of our life. It is noteworthy that even skeptics appreciate the potential of this technology.
Restricted Emission - a limit of 21 million is already in the Bitcoin source code. Already, most of the Bitcoins have already been mined.
recognition of bitcoin worldwide. The government of most countries discusses the legalization and regulation of Bitcoin. Although he does not everywhere recognize that he is a means of payment, and no one forbids the use of cryptocurrencies, and it can be freely exchanged for fiat money at the current rate.
at the time of financial crises. There are examples in Venezuela, Zimbabwe, Iran and other countries. After the cryptocurrency becomes available to all people, they will be able to save their savings.
Investing in a cryptocurrency, it is important not to panic and not to throw off coins at any price dips - on the contrary, at such moments it makes sense to buy additional tokens.
Method number 3 ICO: high yield vs high risks
We are talking about Initial Coin Offering - the primary placement of coins. The emergence of Bitcoin has nothing to do with ICO, but the creation of cryptocurrency number two - the ether - is still an example of one of the very first and most profitable ICO projects for an investor, since the cost of the broadcast has soared thousands of times since launch. In 2017, new digital coins appear like mushrooms after rain, and such projects have already attracted billions of dollars.
The development of any new blockchain project requires resources: developers attract investment by offering in exchange for digital coins. You can make a fortune with ICO if the project “shoots”. But not all projects are successful, so it is important to be able to correctly evaluate and analyze a startup. For a non-professional investor, the main problem is that it is rather difficult to calculate the risks. Even having on hand all the data about the company or team launching the next project, it is not always possible to predict how much it will pay for itself, how the market will react. But with a professional approach (or in the case of banal luck), you can earn 1000% per annum or even more - there are enough such examples on the ICO market. Professional investors carefully analyze each project and do not invest all means in one ICO start-up, and diversify their investments. This approach makes it possible to get a very high yield.
The three ways of making money from cryptocurrency are being a miner, trader and joining some bounty campaigns.
There are many ways to make money from the crypto market. I suggest you create an account on exchange sites and buy Altcoins and conduct trading it or invest. beside you can join in the Airdrop campaigns for free coins and participate in bounty campaigns in many different forms.
You can also do what many do now, which is bounties and airdrops to try to win some tokens that may or may not serve, of course, is a bet, but is practically a risk-free one, as you really just invest your time, of course, that depends on how highly you value it.
Two and three doesn't have any difference. Being a speculator and trader is associated to each other so when you started to trade, you'll always consider those speculations that you have on your mind.
Speculations that has been built through analysis and other factors that can affect the price of movement of cryptocurrencies like news and events (forks, conferences, etc.).
Speculations that has been built through analysis and other factors that can affect the price of movement of cryptocurrencies like news and events (forks, conferences, etc.).
There is nothing free and fast here. of course capital is needed in any business or any investment. I also get free, the results are not as big and as expected
Don't complain, you have to be grateful for every income you get. I get money from cryptocurrency by trading and participating in the bounty campaign. and what I know about businesses in cryptocurrency are many challenges that must be overcome so you have to be patient and able to make decisions correctly. Install this free App from playstore for your latest information on Cryptocurrency
https://play.google.com/store/apps/details?id=com.adams.bitcoin
3. BE A CRYPTO TRADER:This is the best and easiest way of making more bitcoin and money. This is similar to FOREX but different in that crypto trading has high volatility and that is where the money is VOLATILITY. I am involved in crypto trading full time. Ever since i started about 5 months ago i have no regrets.
https://play.google.com/store/apps/details?id=com.adams.bitcoin
3. BE A CRYPTO TRADER:This is the best and easiest way of making more bitcoin and money. This is similar to FOREX but different in that crypto trading has high volatility and that is where the money is VOLATILITY. I am involved in crypto trading full time. Ever since i started about 5 months ago i have no regrets.
This is what Im doing this past year and it really helped me a lot. I do have many failures in trading but it really teach me some really valuable lessons that makes me who am I right now. Trading is really fun to do while you are earning. Learning new things that really caught my interest while giving me the opportunity to earn exponentially.
You can earn much money just simply looking few task, firstly you can invest in Bitcoin then you have to waiting some/more days.even when market going up then you got more profitable. second,you can trying trading options with growing more profitable. Trying to mining, holding have many ways to Eran money with the cryptocurrency market, so just need trying your best.
I will go with the part of being a crypto trader. Once you learn the varrious trading technique you can trade crypto currencies and made good profit from it
Joining airdrops,participating in bounty programs and investing and holding pending when it will be better time for you to sell
Indeed, bounty hunting theses days is difficult since most of the ICO's are not paying. Airdrops is really low profitable more of like getting coins on the internet, i do not recommend this one. Install this free App from playstore for your latest information on Cryptocurrency
https://play.google.com/store/apps/details?id=com.adams.bitcoin
Feel free to follow up on my updates. I am also trying to add videos to some key trading issues too.
As we all know Bitcoin is the pioneer of all crypto currencies that exists today. The purpose of this post is to inform the readers of 3 ways to make money from bitcoin and other cryptos called alt coins. Get more information about alternative coins at coinmarketcap.com
1. MINING: This is a way of getting these coins and then sell it. it does not come that cheap though. Mining is simply solving complex mathematical problems with the help of your computing power and get rewarded with these coins for solving the problem. In the past it was very easy to mine bitcoin with your laptop. Its a different ball game now because the difficulty rate of solving those maths problem is very high now and requires high end machines to do that is if you want to go solo.
you can join mining pools to get this coins if you cant go solo. if you want to make use of your laptop to mine some alternative coins you can make use of minergate. i use it personally. i will post the link later or you can just google it and download it.
2. BE A SPECULATOR: There are many alt coins that have huge potentials in the future. E.g Ethereum. less than 2 months ago ethereum was sold for less than $0.6. It is now above $5. As a speculator what do you do with this kind of coin. simple, you buy them as there are cheap now and wait 3, 6, 9 or even 12 months before you sell. trust me you wont regret it. There are some alt coins that show a lot of potentials too. Do your research and buy them cheap now and keep. Good luck.
3. BE A CRYPTO TRADER:This is the best and easiest way of making more bitcoin and money. This is similar to FOREX but different in that crypto trading has high volatility and that is where the money is VOLATILITY. I am involved in crypto trading full time. Ever since i started about 5 months ago i have no regrets.
just like FOREX there is a trading pair eg usd/eur , usd/gbp etc. In crypto trading you have pairs like btc/usd, btc/eur, btc/ltc , btc/eth and so on. There are more than 50 pairs you can trade in different exchanges on the net. Just do your research well and decide which is ok for you.
The question is how much can i start with. The good thing i like about crypto trading is that you can start with any amount and you can cash out anytime. I will want to stop here for now.
From time to time i will be posting all i know and think is relevant to crypto trading.
feel free to ask any question relating to trading cryptos and i will be glad to assist with what i know. The information is free and i am not selling any ebooks or asking you to send your email or any scheme to ask or solicite for money.
Please i may be booking a lot of space for this purpose. thanks
https://play.google.com/store/apps/details?id=com.adams.bitcoin
Feel free to follow up on my updates. I am also trying to add videos to some key trading issues too.
As we all know Bitcoin is the pioneer of all crypto currencies that exists today. The purpose of this post is to inform the readers of 3 ways to make money from bitcoin and other cryptos called alt coins. Get more information about alternative coins at coinmarketcap.com
1. MINING: This is a way of getting these coins and then sell it. it does not come that cheap though. Mining is simply solving complex mathematical problems with the help of your computing power and get rewarded with these coins for solving the problem. In the past it was very easy to mine bitcoin with your laptop. Its a different ball game now because the difficulty rate of solving those maths problem is very high now and requires high end machines to do that is if you want to go solo.
you can join mining pools to get this coins if you cant go solo. if you want to make use of your laptop to mine some alternative coins you can make use of minergate. i use it personally. i will post the link later or you can just google it and download it.
2. BE A SPECULATOR: There are many alt coins that have huge potentials in the future. E.g Ethereum. less than 2 months ago ethereum was sold for less than $0.6. It is now above $5. As a speculator what do you do with this kind of coin. simple, you buy them as there are cheap now and wait 3, 6, 9 or even 12 months before you sell. trust me you wont regret it. There are some alt coins that show a lot of potentials too. Do your research and buy them cheap now and keep. Good luck.
3. BE A CRYPTO TRADER:This is the best and easiest way of making more bitcoin and money. This is similar to FOREX but different in that crypto trading has high volatility and that is where the money is VOLATILITY. I am involved in crypto trading full time. Ever since i started about 5 months ago i have no regrets.
just like FOREX there is a trading pair eg usd/eur , usd/gbp etc. In crypto trading you have pairs like btc/usd, btc/eur, btc/ltc , btc/eth and so on. There are more than 50 pairs you can trade in different exchanges on the net. Just do your research well and decide which is ok for you.
The question is how much can i start with. The good thing i like about crypto trading is that you can start with any amount and you can cash out anytime. I will want to stop here for now.
From time to time i will be posting all i know and think is relevant to crypto trading.
feel free to ask any question relating to trading cryptos and i will be glad to assist with what i know. The information is free and i am not selling any ebooks or asking you to send your email or any scheme to ask or solicite for money.
Please i may be booking a lot of space for this purpose. thanks
Though this is just some of the major ways that are known to many, you can also earn in many ways possible like in airdrops and bounty. As well as in doing some field work in the marketing and trading industry.
hodl is better
in my opinion getting money from crypto is by selling our coins. and invest in other ways that are profitable. and climb at the price we need.
100-300 $ This includes good and many. I don't want loss and lust in trading. because this is not my main job. and of course everyone sees it different in size
That's a fullfilling piece of information, thanks!
But what is really a difference between speculation and trading?
But what is really a difference between speculation and trading?
I would suggest another one, for a few professionals, that is, taking payment for your service in Crypto, I prefer BTC, especially in this dip.
There is nothing free and fast here. of course capital is needed in any business or any investment. I also get free, the results are not as big and as expected
1. Purchase of cryptocurrency on the stock exchange
Meaning: open your account on the stock exchange, transfer money to it, buy or sell cryptocurrency.
Pros:
You define the entry price yourself.
A variety of cryptocurrency.
Buying cheaper and selling more expensive, you can double the capital for a day on some operations.
Good growth in the popular cryptocurrency in the future (bitcoin, broadcast).
Minuses:
There are different cryptocurrencies on different exchanges, but there is bitcoin for everyone.
Very sophisticated account replenishment and withdrawal schemes.
Due to the large chains of withdrawal and replenishment, you lose money on commission.
This is an exchange - you can lose a lot if you buy currency at its peak.
The method is not suitable for those who are not ready to devote a lot of time to this.
Bottom line: quite an interesting way for assiduous people who are ready to follow currency quotes 24/7, fluctuations in their course and instantly respond. To earn well, you have to invest a lot. 2. Purchase and storage of cryptocurrency in an electronic wallet
Meaning: you start an electronic wallet or register in one of the payment systems that allow you to store cryptocurrency. You buy a cryptocurrency, forget about it for a long time, and it may increase in price.
Pros:
Low entry price.
Analogue of a bank deposit with a higher yield.
Ability to store multiple cryptocurrency.
Minuses:
Wallet can hack.
At least a year you can not touch the currency, no matter how jumping the course.
Bottom line: an option for those who do not want every day to monitor currency quotes. It is necessary to have an electronic wallet: online - for operations, offline - for storage (it is almost impossible to hack it). 3 Cloud mining
Meaning: you buy power from other miners, while you yourself do not have the equipment. Accessible mining for everyone.
Pros:
Low entry price.
Return on investment for 4–6 months on some cryptocurrencies.
No need to be technically savvy.
A variety of tariff plans for mining different cryptocurrencies.
You can mine several cryptocurrencies simultaneously.
Minuses:
Additional costs for electricity (in some tariff plans).
Cryptocurrency withdrawal fees.
Output only in cryptocurrency.
The money invested is frozen for a year.
The probability of failure of the data center.
The risk of hacking hackers. Bottom line: suitable for those who want to participate in the race for cryptocurrency and trump the newfangled profession "miner". Cloud mining allows you to mine different types of currency at the expense of other miners, without having to have a lot of money to enter this business.
Meaning: open your account on the stock exchange, transfer money to it, buy or sell cryptocurrency.
Pros:
You define the entry price yourself.
A variety of cryptocurrency.
Buying cheaper and selling more expensive, you can double the capital for a day on some operations.
Good growth in the popular cryptocurrency in the future (bitcoin, broadcast).
Minuses:
There are different cryptocurrencies on different exchanges, but there is bitcoin for everyone.
Very sophisticated account replenishment and withdrawal schemes.
Due to the large chains of withdrawal and replenishment, you lose money on commission.
This is an exchange - you can lose a lot if you buy currency at its peak.
The method is not suitable for those who are not ready to devote a lot of time to this.
Bottom line: quite an interesting way for assiduous people who are ready to follow currency quotes 24/7, fluctuations in their course and instantly respond. To earn well, you have to invest a lot. 2. Purchase and storage of cryptocurrency in an electronic wallet
Meaning: you start an electronic wallet or register in one of the payment systems that allow you to store cryptocurrency. You buy a cryptocurrency, forget about it for a long time, and it may increase in price.
Pros:
Low entry price.
Analogue of a bank deposit with a higher yield.
Ability to store multiple cryptocurrency.
Minuses:
Wallet can hack.
At least a year you can not touch the currency, no matter how jumping the course.
Bottom line: an option for those who do not want every day to monitor currency quotes. It is necessary to have an electronic wallet: online - for operations, offline - for storage (it is almost impossible to hack it). 3 Cloud mining
Meaning: you buy power from other miners, while you yourself do not have the equipment. Accessible mining for everyone.
Pros:
Low entry price.
Return on investment for 4–6 months on some cryptocurrencies.
No need to be technically savvy.
A variety of tariff plans for mining different cryptocurrencies.
You can mine several cryptocurrencies simultaneously.
Minuses:
Additional costs for electricity (in some tariff plans).
Cryptocurrency withdrawal fees.
Output only in cryptocurrency.
The money invested is frozen for a year.
The probability of failure of the data center.
The risk of hacking hackers. Bottom line: suitable for those who want to participate in the race for cryptocurrency and trump the newfangled profession "miner". Cloud mining allows you to mine different types of currency at the expense of other miners, without having to have a lot of money to enter this business.
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