How do you earn with your crypto? | Bitcointalksearch.org

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Quote from: R1dwanRz on June 23, 2024, 01:11:16 PM

Sorry if this has been posted already but I wanna start with my post with my own insights and get some opinions plus insights from you guys as well.
This market has been downhill for a while, and I know many of us looking to earn some crypto with their own crypto. Now, I can think of two options if we want to earn with our crypto.

Firstly, there are some airdrops that require bridging and many other stuff that also require fees, which means some of our crypto will be used on fees and coins that get bridged. I do have to warn you that do not rely on this all the time, cos if you are newbie, you won't know that airdrop will be worth it or not.
Now comes second, the most popular option, staking your crypto. There are tons of staking platforms you can search... But to be safe, DYOR on it. The staking can be done on Launchpool on Binance, PoolX on Bitget and many others. There are not many launchpool events that you can take part in since it happens like once a month, but you can join PoolX, which is available with projects that bitget frequently lists. I always try to take part with my USDT or sometimes BTC to earn since they really offer some high APRs on tokens.

Would love to hear if you guys do one of these options, or perhaps you guys have other strategies to share?

I've been exploring similar strategies to maximize my crypto holdings during this bear market. While airdrops can be lucrative, they often require significant time and effort, and the potential rewards can be uncertain.

I've primarily focused on staking as a reliable way to earn passive income. Platforms like Binance Launchpool and Bitget PoolX offer a variety of staking opportunities with decent APRs. I've had success staking USDT and USDC on these platforms, as they typically have lower volatility and offer stable returns.

sulendra12

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I do DCA because I think you can kinda "save" your money to Bitcoin in my case and also get something big in return in case the price is increasing while I'm DCAing Bitcoin as long as I can. Sure the chance of my money to be 0 does exist, but I don't really put that much money on there since I can afford it so I think it's a win for me. Aside from doing bounty campaigns time by time, there is nothing much to do since I'm busy with real life.

sunsilk

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Quote from: re-start on July 01, 2024, 12:36:35 PM

I'm not a person to trade and take risks and I always participate in campaigns/airdrops or signatures and convert my tokens to Bitcoin or BNB. I spend only a part of my income and save the rest in my wallet. Maybe in the next 10 years! who knows?

Wow, are you consistently doing that? You're only taking a few from your participation rewards and you're saving the rest.

If you would do that for the next years then you'd surely have a lot of money in the end and just make sure that you're keeping them in Bitcoin or any altcoin that you prefer.

Because if not, you're going to lose that money if you won't convert them into more valuable cryptocurrencies like BTC.

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Quote from: tsaroz on July 03, 2024, 11:40:04 AM

There are several ways and it is more fun to make some money with your coins rather than keeping them idle. Sometimes they might not be the best strategy and its good idea to diversify the way you invest and earn.
Staking is the easiest and less risky way of earning a bit of the same coin. You hold the coin you want and earn a small interest on the same coin.
There are staking option that holds the coin but provides reward in another coin or a mix of coins is popular in defis which provides a bit higher reward.
Other investment option are farming liquidity pair but that is highly risky unless you do it with stable coins to stable coins which is one of the highest rate you get for holding stable coins.

it seems like this is the best way to do it with minimal market movement. I think staking can provide a solution to invest in it, with crypto staking being one of the popular ways to get passive income in this case it is necessary to invest capital indirectly for investors in the long term, meanwhile from The amount of the reward depends on each asset.
or for those of you, stablecoins, where movements in the market with stable prices give the market greater confidence and reduce price volatility, so you can invest a lot in tokens that you trust and that's a good choice.

bitcrystal

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Best one is to learn how to trade because it gives you the freedom to do things your way. I understand not everyone can learn and become a trader so you have to do what's best for you. Staking is good when you get in early enough with a project especially before the hype.

tsaroz

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There are several ways and it is more fun to make some money with your coins rather than keeping them idle. Sometimes they might not be the best strategy and its good idea to diversify the way you invest and earn.
Staking is the easiest and less risky way of earning a bit of the same coin. You hold the coin you want and earn a small interest on the same coin.
There are staking option that holds the coin but provides reward in another coin or a mix of coins is popular in defis which provides a bit higher reward.
Other investment option are farming liquidity pair but that is highly risky unless you do it with stable coins to stable coins which is one of the highest rate you get for holding stable coins.

GIF-JOBS

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Personally I don't do both, I only hold using the DCA method. I only invest in Bitcoin on a weekly basis. I will hold my holdings until the value of Bitcoin is 200K, or maybe even longer. Overall I want to increase my portfolio a lot. I invest by taking advantage of bear and bull markets.

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Quote from: re-start on July 01, 2024, 12:36:35 PM

I'm not a person to trade and take risks and I always participate in campaigns/airdrops or signatures and convert my tokens to Bitcoin or BNB. I spend only a part of my income and save the rest in my wallet. Maybe in the next 10 years! who knows?

Its so tough to earn like these ways in nowadays. I don’t have seen so much project on these, However too much fake airdropped here and there which are not a good way of earn. Its only your luck it's support for you. It's good save some from what you have but if it’s not a good coin you may lost everything. So i think instead of doing such a jobs you may find some other ways like trading, doing investment on good project though it is risk but surely you will have a strong way of earning if you work hard there.

doubletheprof

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I mine kaspa at oneminers.com which has the most profitable options to mine crypto and then i HODL in btc or withdraw.

For me probably the easiest way to create passive income via crypto

R1dwanRz

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Quote from: ~speedx~ on July 02, 2024, 02:03:12 PM

Crypto is not really a place to earn.It is a place to explore. If you come here with the intention of earning money overnight then you have come to the wrong place.First you need to gain enough knowledge about the forum.Then there are different platforms and know about them.Then you can start working on what you think you are good at.There are many sectors like trading, holding, investing, airdrops etc.

I agree that no one can get rich overnight here. But you can earn with crypto using staking like Bitget PoolX, airdrops like ZRO, UNI and etc.

But if you wanna get rich, you gotta trade all day. Let it be day-trading or futures trading. Anything works but risky as hell cos you don't want to lose your money in an instant. Make sure to split the money to invest in many tokens that you trust.

~speedx~

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Crypto is not really a place to earn.It is a place to explore. If you come here with the intention of earning money overnight then you have come to the wrong place.First you need to gain enough knowledge about the forum.Then there are different platforms and know about them.Then you can start working on what you think you are good at.There are many sectors like trading, holding, investing, airdrops etc.

Sophokles

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Trading is the most simple way. In the past year, i have learned that you can earn free money by joining airdrop with your ETH. I have locked and bridged some of my ETH in various project and layer 2's from which i have earned a substential amount of altcoin that can be converted back to ETH. In this process, i didn't need to burn any of my assets. I just lost some of the fees. There are some other ways that can be used to earn money in crypto, like providing liquidity in some of the dapps and i have heard that it is even possible to earn money by running node.

re-start

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I'm not a person to trade and take risks and I always participate in campaigns/airdrops or signatures and convert my tokens to Bitcoin or BNB. I spend only a part of my income and save the rest in my wallet. Maybe in the next 10 years! who knows?

Despairo

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Working in real life, joining signature campaign and doing side gigs are the way for me to earn crypto.

Definitely I didn't get paid in crypto in real life job and my side gigs mostly paid in fiat, but I convert them to Bitcoin whenever I get paid. I think it's better than really looking to earn in crypto like by doing airdrop or trading, because there are no guarantee you will get decent reward in airdrop and you will make money through trading.

kingvirtus09

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Well, trading is the final destination of all the crypto communities here, so they can make a way of earning crypto here. Although there are other ways to earn crypto, trading is still their last process so that they can convert the crypto they have earned into projects that provide a trend in this field of the crypto space.

That is why it is important to study trading because it is not easy to study or understand immediately in a short period of time; instead, it requires patient study so that we can properly absorb what we will learn each day that passes.

henmark

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Quote from: Ever-young on June 23, 2024, 02:35:56 PM

Airdrop I must say it's a crazy, risky way to earn money in this crypto space. It's risky, and most times it's the easiest way to earn what others call free money, but it's actually not free.

I have joined Binance Launchpad a few times, but I was very disappointed with the reward I got from there. It was almost to me as if it's not worth it, but looking at it from the other way around, I lose nothing other than stake my BnB and Busd back when it was still available on Binance.

What I do this period is monitor and follow up on new projects that conduct launch pools on Binance. If I'm lucky enough, I get to buy a few seconds after listing and wait for the price to pump so that I can sell and take home some profit. I've done that on a few projects, and it works for me.

Why crazy? Hehe. It's not that unusual you know but risky? Yes, because we know airdrops now, they now require us some capital in order for us to perform the task that they have prepared. It's not easy if it's risky. The most easiest way to earn a crypto is still the faucets. They don't need a capital (money) and we will only solve a captcha in order for us to claim some cryptos.

Nice to read your confessions there about Binance launchpad. Not that I'm happy with your experience but now we know that it's not always Christmas there. You know, Christmas is the time that everyone is giving away stuffs. And what we usually read about it are only just a hype.

uneng

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Quote from: R1dwanRz on June 23, 2024, 01:11:16 PM

The staking can be done on Launchpool on Binance, PoolX on Bitget and many others. There are not many launchpool events that you can take part in since it happens like once a month, but you can join PoolX, which is available with projects that bitget frequently lists. I always try to take part with my USDT or sometimes BTC to earn since they really offer some high APRs on tokens.

Staking coins and tokens is a way to make passive income from your portfolio without having to sell it. It's not risk free, though. You can be scammed by exchanges where you are staking, as it has already happened to many investors in the past. The worst part is that if it happens, you are going to lose 100% of your portfolio.

Moreover, the tokens you might choose to stake, may offer high APY, but the higher the APY it offers, the higher it is the price decreasement you can expect from that token on long run, because you aren't the only investor to stake on it. And once other investors start cashing out their profits from the altcoin, they are going to sell huge amounts of that token, increasing supply without having enough demand to absorb it. Then prices crash and your APY means nothing in the end...

The safest strategy is to still hold your portfolio inside a hardware wallet and wait for the market to pump the coins and tokens you are holding, so you sell them for profit. Everything else involves extra risks.

nelson4lov

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Quote from: Bournesparks on June 24, 2024, 01:29:09 PM

Quote from: nelson4lov on June 24, 2024, 07:06:21 AM

~Snipped

Yeah you should. I'm confident you'll find it exciting. And oh with the way poolX is set up. The fun will continue.

Thank you. The fun will only continue if it doesn't get diluted to the max. To try out PoolX, I moved some of my ZRO assets over for the ZRO pool. While I'm aware that the rewards earned is directly proportional to the size of assets staked by user, I feel it is still quite low. I don't have any Blast tokens, I would've farmed the BLAST pool on PoolX since it currently has the highest APR I've seen across the board. I'll enjoy it until dilution comes

taufik123

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Quote from: Oneandpure on June 26, 2024, 01:16:12 PM

Making money from fee job like airdrop seems still easily with opportunity but for contest need highest skill depend kinds of contest participating, I think airdrop is most recommended way to make money in cryptocurrency and easily understood by the beginner in cryptocurrency. For giveaway depend on our luck when participating this way to make money in cryptocurrency, currently many time joining give away in twitter but never winning yet although I got my friend more lucky by winning several give away event.

Need to upgrade skill getting bigger opportunity make money in cryptocurrency, joining contest have large amount reward and not all user has skill and give large opportunity become the contest winner.

Airdrops are quite easy, but you also need to be careful because the more airdrops, the more scammers will use airdrops as a trap to steal assets in your wallet.
So make sure the airdrop is safe and reliable and use a new wallet to avoid losing assets like many people are experiencing today.

And for the Giveaway, it only depends on luck, and I have never received a prize from a giveaway on Twitter.

For contests that require having skills, it needs to be adjusted to your skills.
I participated in the art contest and was quite successful with many victories,
because I have the skill to make a wood carving, until now the contest is still ongoing.

MAAManda

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Quote from: Rengga Jati on June 26, 2024, 04:56:55 PM

But in the past I took part in a kind of staking on a top exchange and the results? Wow, unlike my expectations. With quite a long time, unfortunately the rewards are quite small. So, I'm probably not interested in staking anymore, not to mention I have concerns about several things related to staking. Even though this is actually quite good and profitable for some people. However, for me, who in fact only has a few assets, it really isn't that big.

Staking will only feel its impact when we have a majority allocation or at least have more money than the average person. I had a bad experience with staking, at that time I bought a lot of Oasis Network (ROSE) around IDR 30M, and because it experienced a slight price drop, I decided to stake, do you know what happened after? This coin got an increase of more than 300% from my purchase price, and I couldn't sell it because it required 14 days unstake period.

On the other hand, staking is also dangerous because it's done on centralized platforms, for example Binance, or large validators like Everstake (if using DPoS).

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