Topic: HOW DO YOU MAKE MONEY WITH LESS MONEY? - page 5. (Read 1054 times)

indeed taking big risks is a terrible act, because it is more inclined towards betting or gambling. I think if we have a little capital, then it would be nice for us to enrich knowledge first, and getting rich is not difficult with knowledge, but indeed everything requires a process, not in a blink of an eye. We know that in the crypto world, many new rich people have been created, moreover every time a bull run comes, some of them are lucky, some have planned beforehand, I think that hoping for luck can only lead to disappointment.

True, almost business ideas have already existed and expect that there would really be competition.We know that if theres a current trend or business then expect that there would really be copycats on which it would really be making the market to be saturated by this type of business on which it would really be that a common approach that you would really be needing to apply something unique or whatever methods and ways that you would be integrating just to hook up people.This is why investment options arent really that still that an assured thing on making yourself do guaranteed profits. Market competition would be always present and something that
cant really be wiped on and its always been there.

Among on those choices?
Leverage or Futures trading? Not all get succeeded on this one
All in with project coins or tokens? Always accompanied with risks
Airdrop? Most project are shit
Side-hustle? This is what i do prefer, if you do have other skills which you can able to utilize then it would be best that you do go with this route but as much as possible
then diversification and time management would be the key.

Their is something I want you to understand concerning  investment, investment the profits have to do with the Amount of funds use for the investment the larger the funds the larger the profits and that is applicable to the to loss, when you invest small amount of funds when the lose manifest or occurs you will lose small but if you higher amount when the lose occurs you will also lose higher, so that's one of the advantages of investing with higher amount and also investing with low amount.

This is true that acceptance risk in some field is necessary to take the reward but as you mentioned the type of taking risk is totally a bad decision which should always be avoided. If you select your reward on your luck they its a type of gambling so it refers to the fact that result will always be negative.

There are numerous ways through which one can get greater reward by using less amount of money but if one think that by using 1$ and he will get 100$ after a minute then its a foolish behavior. Without gambling there are other options too but people cannot wait for it but yearns for getting more in a second so result of rapidness is also failure.

That is on point, You know most of us are victims of this because of greed, and we also forget that the same way in which we make a profit out of it investing a significant amount of money, is also how we are going to lose it if we got screwed in the process; therefore we need to always think on both sides before taking any investment decision or investing our hard earn money in cryptocurrency.

Yes maximising risk intake can surely help you earn more money by small investments. But you are ignoring the fact here that, the risk you are willing to take is increasing, and with the increase in risk, the chances of getting losses also increases. Hence its better to get less profits than no profits. So I won’t advise anyone to follow this to make quick money. Moreover you can’t get rich overnight by doing nothing. You have to start slow and it takes time to make good amount of money without doing any illegal activity.

Op was just contradicting himself throughout each step of the way down the thread, and it perplex me to ask is OP just trying to catch cruise with us or is he really serious about all what he has said.

He's advised that a trader should go all in on a project or should take huge features leverage of x100, like how does he expect a trader with less money to go all in into such preposterous manner of trading that has little or no chance of winning a trade but the making of elephantine losses. I peck it to be a gambling strategic and not for trading, because there's no risk management in all of that, it's not even about investing what you can afford to lose, it's foolish to act so.

Absolutely. Leverage can have its own advantage, but for most of the inexperienced traders, it could be a great disadvantage that’s why newbies are advise to stay away from leverage trading. However, if you can use leverage trading wisely, and you’re well aware of its present and future risks, that way it could be an advantage as a trader. The important thing here is identifying and understanding the risk involved, so that you’ll be guided whether or not to use leverage depending on how capable you are as a trader.

Between the 4 things that you said, the only thing that I did in my whole crypto journey was the 4th one. I did work to earn some money, and still doing it today.

For the first one, it's a hit or miss. It's either you will either become a millionaire or a loser at all. TBH, this is more risky than gambling because investing into meme coins have little to no chance of winning while if you are gambling, you have at least a higher chance of winning especially if you are knowledgeable on the particular sport/bet that you are doing. Personally, I don't recommend this one especially for the newbies out there... but it's your money so you have the final decision.

As for the 2nd one, I get the point, and I agree with it. There's no point in diversifying your money into different assets if you have a low budget on investing. You can't maximize your profits if you spread your money too much. There's nothing wrong with it, but there's a limitation on diversifying your money.

As for the 3rd one, TBH I tried this one, but it's harder than I thought. You spend time participating in these airdrops, and you don't even know if you are eligible for the airdrop or not. There are also times where you are doing the certain tasks that they're requiring, and yet you aren't eligible. Overall, there's nothing wrong with participating in airdrops especially if you didn't invest any money, but these airdrops are like "one in every 100 new projects".

what he did was like he was gambling. because the possibility of loss from trading leverages is quite high. if you want to minimize the risk use small leverages. it can still be profitable even if it's small. in trading ambition to get a high multiplier will lead us to loss.
if you want to trade or invest, the most important thing is to choose the right asset.



all businesses will make competition in the market. it will naturally happen.
if we start a business that does not have competitors from the start, like the parking lot you said. do not rule out if the business looks very good to the people around you, it will create its own competition when other people also open the same business.

So hard to find a business where you can't find any competition since almost all of the ideas are present and to many running business are continuously operating so maybe its hard for someone especially for those low capital to establish some business using a small amount of money.

Maybe if he can able to rent or own a land on a crowded place then maybe he can try to open up a pay parking business since from this you will not spend a lot of money to establish this business and you only need to hire some several people to help you operate this type of business.

Engage in business that requires smaller amount of capital, yet the demand is high especially if it’s placed in its perfect location. When I say perfect, it also means there is less competition around which makes your business the center of the people’s demand. That way, regardless how small your business at the start, it will surely grow because the scope of your business is wide and not limited.

Such investments should never be made in crypto platform. Although many consider it as a lottery. Those who invest their savings in any such asset they deserve a high chance of losing. So I will never encourage to invest in the mentioned coins. Because those who invested in the past are gone. Invest in an asset that can be recovered over a long period of time so as not to lose the hard-earned money. Risk must be taken in crypto but it must be taken on a platform that is able to minimize your risk and after a certain period of time you can get a good return on your investment.

Although if you earn $50 dollars a month, you will see that you will smile because it is so little. But if we notice that there are many people who can't earn like this at the end of the month, then I would say it would be a good step if the community management. However, when you don't have money, it's best to start earning from a small amount and if this $50 dollars is earned in a month, it will be possible to increase the money later. Because if you start trading with $50 dollars and gradually earn $2 to $1 dollar every day with less risk then it will turn into good money. But every player has to adopt his strategy and he has to acquire enough skills only then he can make money by trading.

or maybe, we need to get out of this market to find alternative earning activities, like real side jobs. because let's admit the fact that most of these airdrops or bounties are just a waste of time. so instead of allocating your time on this, just find real side jobs that will give you real money in return. but if you are up to tracking all these airdrops, and you have so much time, then it is your prerogative to do so. however, you need to open yourself for not earning from these endeavours. after all, it is free to participate. or instead, why not offer some of the services that you are good at?

Because leverage is a double-edged sword. As much as it can make you a lot of money, it can also erase your funds in an instant. Especially if you don't have the idea yet of computing lots sizes or position sizing. It's is true that the greater the risk the greater the reward. But too much taking risk just in one trae is just like gambling. It will only develop bad habits throughout your trading career instead of being a consistent one.

Trading futures is still a form of trading. It is still risky. There are better options than in trading to make money. One of the famous is Bitcoin investing but given that the said amount is important to him, then it's better to just keep it in the vault.

We should start with different money which has a less sentimental value. Bounties and airdrops on the other hand, doesn't require a capital and it make sense because the earn rate on them is low and less profitable but there are measures that we can follow to increase our success rate. I'd still recommend to work for a real job to earn money quickly and that should give us confidence to do our desires, be it trading, trading futures, investing in meme coins, etc..

This seems really like a gambling. If you luck, you will be rich, if you are not luck, you will be poor. haha
Doesn't matter how you are going to earn money and provide a decent living. but make sure that you are ready with all the risks and do whatever you really can. Don't cross the line and follow other people's directions that you may not necessarily be able to. Others may come up with really promising calculations, but in truth, it's not guaranteed to work. especially here, playing with high risk on shit coins? Well, this is the easiest way to lose your money.

True, trying to just do that kind of risk is somehow like a degen like thing. It maybe effective for others but I'm sure that it's not the option that majority of the people want to take or successfully execute that kind of strategy. I myself tried doing high risk trading before on futures as an experiment but yeah I ended up burning all of my allocated funds on it because of how hard it is and the amount of luck you need to have is huge. Slow and steady is I think good for majority especially if they want to gather more experience in doing trades or investments.

You seem to have easily forgotten that the more money you invest into a project, the greater the chances are that you will make bigger profit if things turn out well than those with little investment. Therefore, I disagree with you on that.

This is a joke of an explanation. Do you mind explaining it further? Perhaps I could be the slow one with understanding here.

Airdrops are just like a raffle draw. No one should depend on them to earn a living. Most times, the projects promising to airdrop don't even release the airdrops at the end.