Topic: Big secret you wouldn't be told - page 2. (Read 239 times)

trading & investing -- although not for everyone but still can be learned.

income from work that pays cryptocurrency -- there are some out there, and signature campaign go into that.

but on your list, this last one is the one i can't accept the most, why is it?  because i hear that there are many investors who are losing because they are hunting for new tokens and coins and buying in large quantities at the pre-sale.  for newbies, it is not recommended to buy new tokens or coins at the pre-sale unless you are ready with the risk of loss that you will receive.

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, except when my boss( the expert I learned from) tell all his students via WhatsApp group to buy a certain coin base on their is a big news coming about that coin and the value will sky rocket, most of the pre-sale price I have participated in he is the one that always recommended it to us, and to be sincere I have won more, base on the fact that I have someone that superior to me that guides me.
He has a lot of crypto jobs he does.
Thanks anyway for sharing your experience, at least am aware of the risk by your experience, thanks

Out of everything, this is actually the one which is a good alternative (if you have the required skillset).
There are projects out there in search for skilled developers, designers, moderators, support etc...
All these could be a good job for which you can get a decent crypto income.
Providing your own services for crypto is also a good option though.

@Kara3, I have really learned from experience, but I don't want to mention the names of those shitcoins I have really had a bad start with in the past. Some of those tokens you are talking about will be listed, and within just one minute, the price will have dropped from $1 to $0.5 or even less. Some times, after two days, the token may try to pump again to $1 or $2, and before you know it, it falls again and gets stocked at the bottom.

I don't know if you have read the example of the token which I was talking below my first comment. Referring to that token, how about if you buy one of the token for $15 during an ICO and when it gets listed, you discover that it was not even listed at 90% of the price you paid? I have seen several cases similar to the example I gave.

When I first started in this forum, I asked a question: why token swap? And the reason I asked that question was also because of the experience I have had with altcoins in the past. Sometimes, most projects will just do a token swap for a limited time, and if you are not fast enough to be aware of it and swap, your capital is gone. And my question still remains: why will a project just decide to do a token swap at its early stage or even after the ICO? (It's a rhetorical question, just keep the answer to your self if you got it.).
One just needs to be very wise and trade cautiously when dealing with altcoins.

but if you don't have a good experience, more of your money will be wasted on shitcoin. I suggest don't be easily tempted by new tokens that make the pump high. more of them when listing would just get destroyed very quickly.

highly recommended for beginners it's better to focus on one goal. like investing in Bitcoin. maybe you explained some people managed to get success at certain points. but not everyone will be a part of it.

One who just plainly invest don't have to be a full time trader. It's proven that those who invests and don't trade at most times are the ones who wins the most. These are the patience people that are waiting for the right time to sell. Yes, there's trading on it but we all know the actual trading like those daytraders or even week traders. I'm talking about those plain investors or holders that are totally okay to wait even for a year or two or even four or even more. We saw those whales that have held their Bitcoins and did nothing and it's all rewarding them now on whether we go back in a bear market and they'll sell still, they're in greater profits from the beginning they've bought and decided to hold.

It's not that easy to hunt for new coins because these days we have too many scam projects showing up, for example, see what happened after pepecoin increase in price many new shitcoins came out of nowhere, and they all almost share the same name with people coin, that shows that we have too many bad actors in crypto space.

I will never advice any newbies to go after new projects because they're a lot riskier than popular coins like bitcoin and ethereum that have been around for a very long time now and they have will stand the test of time.

Your advice is top-notch, new investors need to have extra source of income so as to invest his peace of mind because there are so many people that's planning to invest their money in crypto and as the bear market keep going on and on, they get tired of holding because they don't have any extra income and they are lacking with some expenses in their lives in the end they won't have any choice than to sell their coins and move on.

people like this don't last long in crypto news space.

Once a coin is being listed, the buy pressure is always high, after then, the price of the coin starts coming down gradually, that is why I said you sell immediately after it went live,
No crypto project will launch below it pre-sale price, it's not been heard of.

Wait, you mean crypto trading, investment, OTC, and buying coins during ICOs are all different sources of income you are referring to? They all still fall into one category, which is cryptocurrency investment.

Trading is not as easy as the name implies. To start crypto trading, you need to devote time to learning how to analyze the market using some trading tool, and you will also need to develop the correct strategy that can help you earn profit from your trade. Just as the above user has said, trading is not for everyone, and if one is not patient and does not know how to handle their emotions when trading, they can absolutely lose all their invested capital.

Bitcoin investment is better, but when you generalize it to crypto investment, one cannot really tell which one you are referring to because there are a lot of cryptocurrencies in the crypto market, and most of those cryptocurrencies are just shitcoins. You can be unlucky to put your funds into any altcoin that cannot even have a good future. Some altcoin projects are just for a temporary term, after which the project will disappear. Buying coins during an ICO also has its risks. For example, you can buy a token for $1 during the project's ICO, but when the project lists the coin on a centralized or decentralized exchange, you may be shocked to see that the token got listed for $0.5 or even less.

A typical example is just a project I ran into in 2020. This project did not do an ICO since 2020, but last year they did an IEO where one of their tokens was sold for $15, but they listed that token this year for $6 each, and currently the token has even dropped to $3.8.

You made a very good point here, but you also need to understand that we are struggling most times not because we are not trying, but because we are misinformed, when opportunity arises before we get to hear it, the time have past,

You talk about p2p, p2p market is arbitrage, if you look at it very well almost everyone have their own price they sell, like in my country you buy usdt 751 naira and when you want to sell you might add 1naira or 2 on top of it to make a profit, an you can do it as many times as possible.

Trading is not for everyone that's true, but you need to understand that anything give more of your time to with much dedication, you will be 70% good at it, mainly when you learn from one of the best in the business, you will sure have more gain than losses.

You said what job, i advice you do you own research, their are different types of crypto jobs, I am new to this forum, but am not new in the crypto space, even in this forum, those signature the full members, snr member, hero an legendary member put on, those companies pays for your advertisement services you rendered by putting on the company logos, that is a crypto job.

I came into this forum to learn more because I believe that knowledge is power, try and do your own research and I promise you, you wouldn't be disappointed, I am open too correction because I want to learn more.

Lol

1. Trading isn't for everyone, investing is for long term.

2. It's just a P2P trading, do you think it's easy to find someone willing to buy your coins in premium and someone willing to sell their coins in discount rate?

3. What jobs?

4. Similar like trading.

5. This is really a bad idea, you can make a lot money or you will lose all of your money.

However it seems you're making money in crypto through the number 5 because there's no explanation from the number 1-4. It's mean the money you've make are depends on your luckiness, not a stable income where you've a skill and you will keep making money regardless bear market or something bad happen.

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.