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

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.

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.

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.

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.

@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.

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.


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.

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.

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

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.

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.

That's good for you but it's not always a holiday like you've made 1500% so just do it with due diligence.

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.

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.

For what?

To use them for covering your loss in traing

Trading and investing should never be into one bag.

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.

Is arbitrage one type of trading?

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

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.

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!.

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.

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?

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 .

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?

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.

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.

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.

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.