How can I earn from cryptocurrency as a starter? - page 5.

inthelongrun

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Activity: 1862

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The Martian Child

Quote from: Rodriguezan on January 06, 2023, 02:58:07 AM

I have really learnt a lot from these discussions. They are really an eye-opener, I must say .. Crypto will give millions of people that much needed financial freedom.

There are no guarantees. So far it is bitcoin and a few chosen altcoins that continue to remain steady at the top. Bitcoin is of course the safest among all cryptocurrencies. Ethereum's future may not be that secure after it shifted to POS. BNB is also at risk after the sudden collapse of FTT due to the fraudulent activities of FTX, another huge exchange like Binance. And let us be clear that bitcoin is a currency, it may stabilize in the future just like the US dollar. But for now, bitcoin still has a big room for growth as there is only a low percentage of the world population that owns a portion of it.

Yawa2020

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Activity: 756

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Quote from: albon on January 06, 2023, 11:04:19 AM

Instead of earning, you can use your time to learn, as investing and trading cryptocurrencies involves risks, so you must have sufficient experience and knowledge of technical analysis and be familiar with the basics of trading, then you will be qualified to earn from cryptocurrencies, you as a beginner can lose All your capital if you do not gain experience and educate yourself, so there are many ways to earn cryptocurrencies, the most important of which is an investment and buying currencies from the bottoms and selling them at the tops, but not every beginner will succeed in that, also you can participate in bounty campaigns in this forum, where you must have accounts that contain Lots of followers.

You might be right but you know it is not possible to learn without adequate materials such as a good working computer, smart phone and some easy guides for learning. These will actually cost you some money. So, Time alone can not make you successful while learning. Earning while learning is also necessary. But if you can get support from your closed ones then it is fine.

albon

legendary

Activity: 1890

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Instead of earning, you can use your time to learn, as investing and trading cryptocurrencies involves risks, so you must have sufficient experience and knowledge of technical analysis and be familiar with the basics of trading, then you will be qualified to earn from cryptocurrencies, you as a beginner can lose All your capital if you do not gain experience and educate yourself, so there are many ways to earn cryptocurrencies, the most important of which is an investment and buying currencies from the bottoms and selling them at the tops, but not every beginner will succeed in that, also you can participate in bounty campaigns in this forum, where you must have accounts that contain Lots of followers.

Rodriguezan

jr. member

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I have really learnt a lot from these discussions. They are really an eye-opener, I must say .. Crypto will give millions of people that much needed financial freedom.

TheUltraElite

legendary

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So anyway, I applied as a merit source :)

Quote from: Cryptomultiplier on December 27, 2022, 05:20:38 PM

As a starter, If you have learned or understood the basics and concepts behind the use, investment and trade aspects of cryptocurrency; if there is a mentor ever ready to assist and if you have most importantly, money you can afford to lose, or do not need right away, then to earn from cryptocurrency should come easy as long as you understand the risk and steps involved.

Mentors are always coming with the question of trust. If the mentor is a family member with good interests in your profits then it's fine but most mentors who flood the easily accessible internet are lowkey scammers trying to act like they care for you while they actually care for your quick losses from their shilling.

Dummy trading is easy but needs patience and lack the kick of real life trading. However is one of the closest to realism for trading that comes with zero losses.

Hence it comes with practice and experience which takes time and again patience. As a starter be open to opinion but always question, in that way you can enhance your view over crypto way more and hence learn which ones to pick.

Cryptomultiplier

full member

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As a starter, If you have learned or understood the basics and concepts behind the use, investment and trade aspects of cryptocurrency; if there is a mentor ever ready to assist and if you have most importantly, money you can afford to lose, or do not need right away, then to earn from cryptocurrency should come easy as long as you understand the risk and steps involved.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: Taskford on December 25, 2022, 10:06:01 AM

Many newbie traders think about that trading is easy and they just need to buy and sell without even thinking that they might get liquidated with one single wrong position they enter. And its really needed to anyone who want to do their start up on cryptocurrency to study this for many months because this could be a big help for them if they know on what they are doing on their investments.

We can study crypto market for many months and it won't be possible to guess the correct tendencies anyway, because it's an unpredictable market where everything can happen at anytime. We are just small fishes following the trends of the market and the whales' movements in an attempt to share with them the same benefits they are going to have at their disposal (positive market fluctuations).

Everything we know is that bitcoin is going to increase in price on long term. So it's safe to assume trading on long term is fine for starters, since all they have to do is to purchase some coins and hold them inside their wallets until the propitious moment comes, what can take years to happen. The point is that meanwhile, it's hard for these starters to earn cryptocurrency and grow their portfolios.

The best alternative nowadays for newbies is to earn money outside crypto universe, save this money and then invest in bitcoin everytime they reach a determined saved amount.

darewaller

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Quote from: solehdavid on December 24, 2022, 02:02:28 PM

If you want to make money on this, you first need to know the technology, you need to understand the power behind it.
you need to know what is blockchain, what is a token, what is a coin.

If you are going to trade, you need to know what pump, dump is.
You should also have a little knowledge of the stock market.

Never take investment advice. stay away from leveraged trading.

Totally agree on the first few sentence that you throw there. In every field, whether trading, investing, or working in a sig campaign. All of them requires a knowledge in the blockchain and in crypto so that you will know if which are the right coins to pick up and then you will know if what are the right keywords or definition to answer in a post.

Can't only agree on the part that you said we need a knowledge in stocks because I think they are not related with cryptos though it can be an advantage if you are already trading or investing in stocks because you will know when is the right time to enter and to exit. Lastly about leverage, this can be done as soon as we already gained enough experience.

Taskford

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Quote from: Sayeds56 on December 24, 2022, 08:50:36 PM

Quote from: solehdavid on December 24, 2022, 02:02:28 PM

If you want to make money on this, you first need to know the technology, you need to understand the power behind it.
you need to know what is blockchain, what is a token, what is a coin.

If you are going to trade, you need to know what pump, dump is.
You should also have a little knowledge of the stock market.

Never take investment advice. stay away from leveraged trading.

Yes! It is equally important to learn technical and fundamental analysis when you are planning to make earning from trading activities, in any financial market including crypto.

Trading with leverage is the job of highly skilled people, because one wrong decision can liquidate your account, Hence for beginners, it is better to stay away from it unless you gain good experience in trading..

Many newbie traders think about that trading is easy and they just need to buy and sell without even thinking that they might get liquidated with one single wrong position they enter. And its really needed to anyone who want to do their start up on cryptocurrency to study this for many months because this could be a big help for them if they know on what they are doing on their investments.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: solehdavid on December 24, 2022, 02:02:28 PM

If you want to make money on this, you first need to know the technology, you need to understand the power behind it.
you need to know what is blockchain, what is a token, what is a coin.

If you are going to trade, you need to know what pump, dump is.
You should also have a little knowledge of the stock market.

Never take investment advice. stay away from leveraged trading.

Yes! It is equally important to learn technical and fundamental analysis when you are planning to make earning from trading activities, in any financial market including crypto.

Trading with leverage is the job of highly skilled people, because one wrong decision can liquidate your account, Hence for beginners, it is better to stay away from it unless you gain good experience in trading..

solehdavid

jr. member

Activity: 57

Merit: 1

If you want to make money on this, you first need to know the technology, you need to understand the power behind it.
you need to know what is blockchain, what is a token, what is a coin.

If you are going to trade, you need to know what pump, dump is.
You should also have a little knowledge of the stock market.

Never take investment advice. stay away from leveraged trading.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: Nyben on July 13, 2022, 08:28:55 AM

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

There are so many ways to make earning in crypto. Please find the details below:

1- Buying and holding: Buy good coins & continue holding until your trade goes in profit, and sell them when you have sufficient profit.
2- Mining Bitcoin by using your own equipment or you can buy cloud mining contract offered by exchanges, like Binance offers to its account holders from time to time.
3- Join Bounty campaigns on Bitcointalk but make good research before you decide to participate.
4- Participating in Airdrops is also very popular way to make free earning but make good research and due diligence before you join them.

caddywampus2001

newbie

Activity: 16

Merit: 0

Quote from: Nyben on July 13, 2022, 08:28:55 AM

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

Buy and hold bitcoin. Perform DCA in and DCA out. With your spare cash, put it toward innovative small-cap projects. The future is privacy, in my opinion.

Lida93

hero member

Activity: 938

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Leading Crypto Sports Betting & Casino Platform

Quote from: Nyben on July 13, 2022, 08:28:55 AM

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

If you keep been mindful of the current market price you will wait endlessly. As there's no situation conventionally said to be appropriate for any one to venture into trading in bitcoin , and what you call instability is rather referred to as volatility which is part of the market. If you want to trade or invest it's most advisable to do so when the market price is low just like now and all you need do is to hodl for long as possible when the market price pumps up but don't place your mind totally into bitcoin to be a source of settling all of your needs as the market is not promised to anyone.
Invest wisely!

tjtonmoy

sr. member

Activity: 1008

Merit: 366

Cryptocurrencies are known for their high volatility, which can make them risky investments. Prices can fluctuate significantly in a short period of time, making it important for traders to carefully monitor the market and manage their risk.
But many see this as an opportunity. Day traders rely on Volatility as the market is unstable, it could move up or down at some point. That's why you need to learn how to analyze the price chart.
You can find many paid or free tutorials and guide.
I used to get help from crypto signals, which is great for starters. If you see the market movements on signal, you can later somehow find the right position to enter the market and also exit.
Don't go straight to trading. Just watch how the market is moving. Then, when you have a good understanding about it, you can try and trade.

Woodie

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Activity: 1834

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Rollbit.com ⚔️Crypto Futures

Quote from: Nyben on July 13, 2022, 08:28:55 AM

Hello Mates, I wish to venture into trading

You are welcome to do so, only problem is the word "trading" is vague and you have to be precise with what kind of trading you really want to to venture into... Is it the buying and selling of crypto/fiat or the kind that requires you to seat behind a screen and stare at some charts all day etc

Quote from: Nyben on July 13, 2022, 08:28:55 AM

but I'm just being mindful of the current market situation. Looking at the market, I see instability.

Instability means volatility and this is my kind of market, the worst kind of market you don't want to be caught up in is a ranging market as buyers and sellers play tag of war, and markets can break out in any direction and catch you unaware.

Quote from: Nyben on July 13, 2022, 08:28:55 AM

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

Like I said earlier on which kind of trading do you want to venture into, as it stands it's too much of an open question to answer.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

It's sad to see nowadays every advices on how to earn crypto as a beginner consist in trading, while years ago there were another options such as faucets, bounty campaigns, signature campaigns, social media campaigns, play to earn games, micro tasks websites, casinos' giveaways... Now everything is so limited and restricted and the worst part is that trading won't guarantee profit to beginners, because they will be gambling with their funds. There is no assurance a trade will be profitable, because this market is volatile and unpredictable. So it's more like there isn't any means for a newbie to earn crypto from zero. Sad

Dubaian

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Quote from: budi691 on September 26, 2022, 03:07:22 AM

Many beginners are interested in crypto trading because they see successful people, don't see how pro traders learn how to be successful, so my advice is to learn crypto trading first, if you are advanced you can start at any time, because crypto trading requires experience, proper analysis and a definite mentality. right. most importantly, if you don't have the mentality to trade crypto, it's better never to start

You are absolutely right now a lot of new crypto traders start trading but invest like this even though they have no idea. But later it is seen that they face loss after investing without understanding. In my opinion, if you want to trade in the market, you must analyze the market and then invest. For example, if you invest in Bitcoin, you will never lose so much. So I think it is very important for those new people who are interested in trading but do not know much about training to learn training from pro traders.

Yawa2020

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Activity: 756

Merit: 30

Quote from: Nyben on July 13, 2022, 08:28:55 AM

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

Bold of you to use the word venture. It simply means that you know what you're about to do with your absolute consciousness. Going through most of the comments here, I'm sure you're satisfied with the suggestions and recommendations given already. Nevertheless, there's no specific time on when to start trading or not and the market is naturally fluctuating. What you need is a tutor who can guide you through. Do not be in a hurry to make money to settle your needs else you'll end up losing everything. Take your time and learn the basics first.

len01

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Leading Crypto Sports Betting & Casino Platform

Quote from: arwin100 on October 21, 2022, 07:52:57 AM

Quote from: len01 on October 14, 2022, 09:51:25 AM

Quote from: NicNacCoin on October 05, 2022, 06:08:21 PM

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Bounty doesn't guarantee us to earn so if OP aiming to earn to make a living much better if he invest to learn some skills. Since working on crypto start up companies will be an ideal option to that, besides there are several devs seek some of there workers here like as a community manager so better learn from it since from this type of job we can earn clean money to get some extra to use for our daily needs.

Yes, right. if you really want to earn from crypto here better try to find skills that match OP's. like figuring out how to be a development team on a project and could try to open a site building service or promotion for a new company etc.
actually there are lots of opportunities to get free crypto by channeling skills in this forum

Topic: How can I earn from cryptocurrency as a starter? - page 5. (Read 2553 times)