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Topic: Big secret you wouldn't be told (Read 239 times)

member
Activity: 492
Merit: 48
May 24, 2023, 03:21:51 AM
#32
As for the point of hunting for a new coin, I congratulate you on the profit, but in my view there are many things going there, at least you can get updated information that the token will be launched on a large platform like BINANCE which will list SUI coins/tokens as you mentioned and you are not the last buyer. what we can be certain of is.
hero member
Activity: 588
Merit: 466
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May 22, 2023, 08:33:34 AM
#31
The big secret of making it big in cryptocurrency which I honestly wish I got to know at the very beginning of my crypto journey is
- having more than one source of income.

If I were to write a crypto commandments this would certainly be amongst the top commandment of crypto career.

Many people don't often understand that having more than one source of income could still be achieved in the crypto industry, without having to stress too much and burns out.

Here are 5 ways to diversify your income with crypto.

-crypto trading and investing.

- (OTC) over the counter trading.

- cryptocurrency jobs.

- Arbitrage.

- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.

Here are the benefits:

- You will have stability because if one is lagging a bit, the other will be generating cash flow.

- Also you have a great leverage over person who are stuck with just one aspect of the crypto industry, because you have a better understanding and experience from being diverse.

Once you are very good at two of those listed, you are good to go.


Having different source of income is always good but it depends on were you venture into, from the ones you listed above, buying on presale can fetch you a big money at the same time cost you money, for example in most cases you buy a certain amount at a certain price and after listing, buyers placing order for lower price, so is more of a win or lose investment which is not the best, also on Arbitrage you invest to get returns but what if the system closes along with your investment? To me is not an investment wise.
legendary
Activity: 1554
Merit: 1139
May 19, 2023, 04:53:18 PM
#30
The big secret of making it big in cryptocurrency which I honestly wish I got to know at the very beginning of my crypto journey is
- having more than one source of income.

If I were to write a crypto commandments this would certainly be amongst the top commandment of crypto career.

Many people don't often understand that having more than one source of income could still be achieved in the crypto industry, without having to stress too much and burns out.

Here are 5 ways to diversify your income with crypto.

-crypto trading and investing.

- (OTC) over the counter trading.

- cryptocurrency jobs.

- Arbitrage.

- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.
Well there haven't been any secretes about this except gor users that haven't been paying much attention. Diversification has always been the language in the forum and one could easily misunderstand it if they aren't paying any attention. It's bee song so many times and it most applies in two ways with regards to the field at which we operate.  One of which,
You could diversify by buying bitcoin in conjunction with altcoins and other projects within the crypto industry, and the other
You could invest in cryptocurrency and then look out for other non cryptocurrency commodities like sticks, bonds and what ever it is put there that could bring in some cool cash.

It's a thing everyone should understand. Not to put your eggs in one basket, no matter how green the field looks.
sr. member
Activity: 2436
Merit: 343
May 19, 2023, 04:46:35 PM
#29
The big secret of making it big in cryptocurrency which I honestly wish I got to know at the very beginning of my crypto journey is
- having more than one source of income.

~
Having multiple sources of income is actually a great idea but if you are just considering crypto alone and spreading your funds there, I don't think I have to consider it as multiple sources of income. Because what I understand about multiple sources of income is that it comes from different areas like from crypto, business, job, etc. Though you are talking about different areas still it was all inside crypto and must know that trading isn't that really reliable. You're really making a good journey in the crypto space but never saying this will work for everyone, especially trading.
hero member
Activity: 938
Merit: 605
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May 19, 2023, 04:45:32 PM
#28
~snip~
- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.

Ok, me as a person I am normally afraid of keeping shit coin, because I also had some bad experience with it, I don't keep it right now...
~snip~

What you are doing (as well as many others) is very questionable from a moral point of view, because it shows how the altcoins industry works - and that means you are knowingly selling something that you know for sure will result in financial losses for other people. I never liked the sale of false promises, regardless of the profit, but I know that it is not easy to resist such opportunities, especially if you don't have too many choices in life to earn money in a more "normal" way.

@lucius I see you're expatiating from a moral point of view but as a realist I understand that when it  concerns a capitalist with profit making in business morality seldom count and in almost all cases it doesn't at all as the end point is bend on profit making.

I think OP is only but expressing ways traders or investors in cryptocurrency can make profit based on his own experiences he has had with the currency, and we know, in trading or investment the loss of someone somewhere is the profit of another else where. All I can say is that trading for inception has never being an easy task.
legendary
Activity: 1050
Merit: 1100
May 19, 2023, 03:00:21 PM
#27
Many people don't often understand that having more than one source of income could still be achieved in the crypto industry, without having to stress too much and burns out.

Here are 5 ways to diversify your income with crypto.

Having more than one source of income is one of the means of gaining financial stability. But having more than one business doesn't guarantee huge financial benefits if they are not profitable. Diversifying your income to different sectors or business is more secure than focusing only on the crypto industry. The areas you mentioned are interconnected which means that all of them can be affected at the same time. When the crypto industry is going through problems traders, writers, promoters, gamblers, etc suffer the consequences. But other sectors might not be affected.

Quote
- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.

This is pure gambling. You might as well be unlucky and lose your money immediately after you invest. The reason why these shitcoin developers are still in business is because they will always have people that want to get rich quickly. They will go out of business if they cease to have clients. I will not invest in a coin that I have a feeling that it will soon collapse. This is my personal view.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
May 19, 2023, 01:55:17 PM
#26
Here are 5 ways to diversify your income with crypto.

-crypto trading and investing.
- (OTC) over the counter trading.
- cryptocurrency jobs.
- Arbitrage.
- hunt for new coin...
Having more than one stream of income is no doubt a given. However, what you've on your list aren't different sources of income. To the best of my perspicacity, they're just one stream of income in different tags. To have another source or stream of income is to venture into something totally different from what one is already doing. Let's imagine that one calls all that different sources of income and then cryptocurrency is banned or goes extinct, do you think one will still have anything doing to survive there? Of course, not. Diversification and away from the same industry is the definition of different sources of income. Do cryptocurrency, do stocks, do poultry, get a regular office job, own a barbershop etc; if one can do all that then one has different streams of income.
legendary
Activity: 1288
Merit: 1081
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May 18, 2023, 06:26:51 PM
#25
Op might be correct to the best of his knowledge. And with what he has explained above, I can also say that he has been achieving results and therefore it is not wrong for him to say that it is diversification because it has worked for him.
But for all I know what Op did is just being able to take more than one type of risk in a risky industry.

All those things he listed above are risk-taking individually and when taken together, it is increasing your level of risk, so it is not for the weak heart. It is for strong ones and it requires a lot of energy and the research in order to know a coin that is likely to be listed and also to master your fundamentals and technicals
sr. member
Activity: 448
Merit: 264
May 18, 2023, 05:32:10 PM
#24
There are different ideas and concepts are coming up lately depicting crypto transactions of many currencies.   Bitcoin is the most largely spoken and this is undoubtedly due to its increase in global recognition and market value. Bitcoin is the reigning coin and almost all investors, enthusiasts or traders prefer to enter the niche of this coin and invest in it. Bitcoin is not a get rich quick investment, you must be patient and strong to hold for long. Long term investment is the best for bitcoin. It's not that easy to hunt for new coins because these days we have too many scam projects showing up.
hero member
Activity: 3080
Merit: 603
May 18, 2023, 05:04:59 PM
#23
- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time,
It's not always as effective as it may seems. Yes, for some specific projects you get those profits but it's like once in a blue moon out of those too many projects being launched weekly in the market. This is a risky move if someone should do it, be prepared for any outcome and potential losses. It's because not all projects can be as successful as SUI and other projects that have launched in the market having that attention that they've projected and accurately came to them.

like SUI that was launch last week, I made more than 1500% profit.
That's good for you but it's not always a holiday like you've made 1500% so just do it with due diligence.
sr. member
Activity: 602
Merit: 442
I buy all valid country Gift cards swiftly.
May 18, 2023, 02:39:12 PM
#22
Yeah you're right and many people even till now never thought of the possibility  of diversifying  in the industry  and I agree with op that diversifying  ones source of income in bitcoin  will go a very long way to increase ones financial stability in the industry  and apart from the list you gave, there are also several ways one cab diversify in cryptocurrency  and bitcoin  and which includes:
* Trading
* arbitrage
* Hodling and alot other means and in whatever thing one does,  in the industry,  we should always stay in profit at the end of the day.
member
Activity: 166
Merit: 13
Where Digital Assets Meet Real Life Value
May 18, 2023, 07:27:17 AM
#21

Stupid idea. Most of altcoins are scam. Don't hunt them and use your money to feed scam developers.

It feels like there are variations that have actually gotten it, maybe @Kara3 has prepared it from the start, even though it could be that after getting take profit, it won't enter anymore and diversifies into other coins/tokens. I think @Kara3 is just conveying the current state of action. Wisely, it's up to each individual and just in case it has to be what you mean and to justify it, it's not relevant, it's legal, in my opinion.
full member
Activity: 420
Merit: 120
May 18, 2023, 06:14:37 AM
#20
- having more than one source of income.
For what?

To use them for covering your loss in traing Huh

Quote
Here are 5 ways to diversify your income with crypto.

-crypto trading and investing.

- (OTC) over the counter trading.
Trading and investing should never be into one bag.

Quote
- cryptocurrency jobs.
Many types of job to work and get money. Don't restrict your chance by only working in cryptocurrency companies because you are cryptocurrency enthusiast.

Quote
- Arbitrage.
Is arbitrage one type of trading?

Quote
- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.
Stupid idea. Most of altcoins are scam. Don't hunt them and use your money to feed scam developers.
legendary
Activity: 3234
Merit: 5637
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May 18, 2023, 06:07:48 AM
#19
~snip~
- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.

Ok, me as a person I am normally afraid of keeping shit coin, because I also had some bad experience with it, I don't keep it right now...
~snip~

What you are doing (as well as many others) is very questionable from a moral point of view, because it shows how the altcoins industry works - and that means you are knowingly selling something that you know for sure will result in financial losses for other people. I never liked the sale of false promises, regardless of the profit, but I know that it is not easy to resist such opportunities, especially if you don't have too many choices in life to earn money in a more "normal" way.
hero member
Activity: 966
Merit: 588
May 18, 2023, 05:33:41 AM
#18
I wouldn't want to put my eggs in one basket, generally all your above listed points still falls back into one place cryptocurrency, which for me I would rather prefer diving into other sources of income outside the crypto space,  let's for instance the real estate business, Investment in Gold and Maybe oil palm business which is right now very lucrative business in my area.

Things can happen spontaneously, And bad news could cause havoc in the crypto space ,just imagine a situation where that the P2P exchange under which you're carrying out your crypto arbitrage goes bankruptcy, as a centralized exchange your money is gone and within a short while a project which you invested in, eventually made away with your funds, in this case you are screwed mate!.
hero member
Activity: 1778
Merit: 746
May 18, 2023, 04:41:23 AM
#17
Not everyone has the same ability to diversify their income in crypto, because there are many limitations and associated risks that need to be considered carefully. When you are familiar with fluctuating terms there are many ways you can do it, but when this is presented to beginners not necessarily the same as you in seeking profit, the way you do it is also very vulnerable to losing a lot of money instead of being profitable.

Here are 5 ways to diversify your income with crypto.
-crypto trading and investing.
Trading cannot be done by many people because there are many things that must be considered especially related to daily trading, while your investment must set a standard of trust in which coin?

- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.
Instead of getting huge profits but you will lose more money, this should not be recommended to newbies because they don't understand new coins launched, you will bet 50-50 for new projects launched but the worst effect will be losing more money .
sr. member
Activity: 686
Merit: 332
May 18, 2023, 02:05:53 AM
#16
Where would one get money to trade or invest in Crypto if he doesn't have another income? It takes time before anybody that is new to crypto starts making money from it, so what would be their source of income before they start earning.
Having different sources of income is something almost everybody knows.
There's nothing wrong with just being a trader. If trading is the only way a person earns from crypto then that's fine.
Not everyone would be a trader. You don't expect someone who doesn't like trading to start trading because he wants another stream of income.

And when you say "cryptocurrency jobs" you have to be specific. What types of cryptocurrency jobs. If I was to follow your advise what job would I be doing?
hero member
Activity: 1092
Merit: 747
May 17, 2023, 01:04:55 PM
#15
The big secret of making it big in cryptocurrency which I honestly wish I got to know at the very beginning of my crypto journey is
- having more than one source of income.
Having more than one source of income is not just a crypto tip but a general financial for whoever wishes to have success in his/her financial freedom, and it takes time for one to venture into all the different crypto-related sources of income you Just outline above, such as crypto trading, over the counter trading, arbitrage, and jobs as they have low risk compared to buying a coin at a pre-sale price, as we have got a whole lot of scam coins now into the industry, that you could buy and end up losing all your funds when the coin fails to get listed on the acclaimed exchange.
legendary
Activity: 2268
Merit: 1379
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May 17, 2023, 12:51:31 PM
#14
Itts easy to find a coin that will launch, this could either make you gain or loss. So you need to pick a better one cause not all that buying presale price always win. Only the project that has a potential or have some charismatic approach to the community will prevail and do a 5x 10x or more. If you are comparing that to pepe coin then some are investing a lot on different memecoins and out of 10 maybe 1 or 2 projects only give huge profits. Its like you need to sacrifice 8 projects to know which one is gonna gave you a decent one.
sr. member
Activity: 854
Merit: 327
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May 17, 2023, 12:24:04 PM
#13
Many people don't often understand that having more than one source of income could still be achieved in the crypto industry, without having to stress too much and burns out.
Thank you for giving some possible opportunities in cryptocurrency, but for me, I will like to have more than one source of income, but I will not like all of them to be under cryptocurrency. Diversification to me means spreading your source of income to other things outside cryptocurrency like other businesses that can still be profit yielding. If the only thing I can do in cryptocurrency is to invest, I think that is still okay to least, as it is better than nothing.
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