I had been trading and doing bunch of other things in crypto as a hobby. But When BTC hit 15-20k I decided that I should become a company, pay my taxes and provide for my family in crypto. It worked out well for couple months. But right after I became a company, BTC went down pretty bad and it`s been gradually going down since then. So I can`t really provide a life through crypto anymore. The last 3 months, I made less than half of what I made in November, December, an January. Don`t get me wrong. I strongly believe in Crypto and am an early adopter. I love the volatility, the community, the cause and the technology. But I have to pay my bills and I don`t wanna look for a job again. So here`s what I~ve been doing so far...
1- Currently I have 2 different bots running which neighter of them really makes money at all. Because they`re still at the trial stages and I`m not sure if it`ll ever work out or not. So I can`t put so much money in them.
2- I tried arbitrage for a while but there`s not much of that anymore. Even if you can find an opportunity, you either have to risk tons of money (in 6 digits) or you have to wait in a low volume market to see if anyone buys your high sell order. So the arbitrage doesnt really do anything anymore either for little people like me.
3- I`m still manually trading between 3-4 main currencies but as you know no coin is going high against dollar nor BTC. So I just buy and wait... then it goes down even more. I just don`t know how long is this downtrend going to stay? If it goes for another month, I will have to look for other options, other than crypto to provide for my family and pay my bills.
4- I made pretty good money on the airdrops during Nov-Dec-Jan but now that market is suffering too. Based on a pretty recent study, 85% of the ICOs are scam. 12% of them barely have actual coins and only 2 something percent of them actually goes into an exchange and become dumpable. As we all know almost all new coins suffer on the value. So there`s almost no opportunity in airdrops and forks anymore either.
5- I have a Facebook group with 50k members which brings in a small income from ads. But that amount wont even pay one bill.
So I`ll greatly appreciate if anyone gives any advises on what other ways out there in crypto world to money off of?
Now, I should mention that I have morals and ethics. I won`t scam people, create ICOs, do any kind of fraud, participate in any kind of "adult" project.
Thank you Bitcoin Community for always being there through thick and thin
