HOW DO YOU MAKE MONEY WITH LESS MONEY? - page 6.

uswa56

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Quote from: promise444c5 on August 25, 2023, 03:40:53 AM

Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

Maximize Risk-Taking:
Go for meme plays x10 or x100, or even lose it all. Take huge futures leverages. In the worst-case scenario, you might lose everything, but if you win, your $150 could turn into $1,500 or even $15,000.

Well taking risks is normal because without risk one can't go far even life itself is a risk, but taking risk which is outside of the box isn't advisable at least if you wish to risk it all don't risk it once do it in segment

Whatever it is we also have to be realistic and do the calculations before doing anything, I never thought taking too much risk would be an advantage, just try it on memes and expect 100x maybe you won't get it in dozens of tries.
It's true, it's better to avoid it, all of us want profit but it also has to be realistic.
In my opinion, it's better for us to do it slowly with small capital to take potluck profits and continue to do the same thing over and over for a long time.

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Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

Maximize Risk-Taking:
Go for meme plays x10 or x100, or even lose it all. Take huge futures leverages. In the worst-case scenario, you might lose everything, but if you win, your $150 could turn into $1,500 or even $15,000.

Well taking risks is normal because without risk one can't go far even life itself is a risk, but taking risk which is outside of the box isn't advisable at least if you wish to risk it all don't risk it once do it in segment

Strongkored

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Quote from: ?? on ??

the risk of trading futures, or meme coins is a big risk. if you only have $150, and that money is really important to you, you should not choose this path, especially if you are new to this investment.
with $150, trading is probably the best option to make money on the internet with high profits, it's just that it takes time to learn, and also patience. Another thing you can do is look for jobs like bounties or airdrops to increase the money you have. after that, you probably have quite a few more options.

Op is only good at theory and I suspect he himself has never done the points he mentioned except the last 2 points because it does not require capital other than hard work, becasue if he had done it he would certainly understand how $150 is a small amount and it is impossible to get results even more so big results in futures trades and also meme coin because maybe 1 to several times can produce but the tendency is to lose all his capital if he does what he suggests.
Memecoin is indeed sometimes very tempting but unfortunately, the risk is just as great, and investing in this coin is no different from gambling which expects Luck to come so that it can get a profit. So it is almost impossible to earn in the crypto world when the money used is very minimal except in terms of bounty but even now it is not like a few years ago which can give very big results.

NotATether

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Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

If you have a modest amount, let's say $150 a month to invest, here's a mindset to consider:

Maximize Risk-Taking:
Go for meme plays x10 or x100, or even lose it all. Take huge futures leverages. In the worst-case scenario, you might lose everything, but if you win, your $150 could turn into $1,500 or even $15,000.

That is suicide. Most memes only go up at the very beginning, stay there for a few days or hours, and then tank after the interest cools down and they never go up again.

Future trading, the same thing. The Coinbase guy who bet one million dollars on the price of BTC going to $1,000,000 within three months is currently nursing his losses.

You have a better chance of making a profit with r/wallstreetbets (still with very high risk) than with these methods.

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Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

Having limited funds doesn't mean you're at a disadvantage compared to those with more money. Someone with $200 - $500 to invest in BTC or ETH might be wondering when they'll see results. 🤣

The big spenders might end up overextended, dollar-cost averaging until forever, comfortably accumulating or buying some blue-chip coins that double or triple. Dropping $2 billion into ETH, and two years later, getting a 5x return, could lead to a "lucky" 10 billion. Meanwhile, someone with $2,000 investing in ETH, seeing it 5x, would also end up with 10 billion...

However, those with limited funds do have their advantages, and if you're diving into this world with a smaller amount, you can capitalize on these. It's all about "LOSING LESS IF LOST."

If you have a modest amount, let's say $150 a month to invest, here's a mindset to consider:

Maximize Risk-Taking:
Go for meme plays x10 or x100, or even lose it all. Take huge futures leverages. In the worst-case scenario, you might lose everything, but if you win, your $150 could turn into $1,500 or even $15,000.

Full-On Portfolio:
For you, diversification might not be the key. Go all in on a project. With less money, you need to make a big impact. Going all in could be a life-changer.

Farming Airdrops:
Rolling rewards are also quite smooth. Focus on L2 Ethereum solutions.

WORK to Earn:
Find ways to increase your income. If Grab/Ubers isn't enough, go do some grunt work or community management. Maybe you'll make $50/month and chuckle about it. 🤣

Every player has a different strategy. Every flower has its own branch, every home its scene. Remember, don't lump everyone together.

This question got me laughing because it made me got some flash back on some videos i do see on youtube where ethose influencer will be like

Quote

TURN A MILLIONAIRE WITH ZERO TO NO CAPITAL

how is this possible honestly, lets say you have a smartphone without data no internet connection, you have to pay up bill for data so you can be able to come online, isn't that a capital now u have the data no knowledge of investment or what so ever it may involinvolve making money online, like the whole hype is just too dam silly.

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Quote from: Plaguedeath on August 21, 2023, 10:15:34 AM

Sounds like go big or go home phrase which mostly related to gambling, trading isn't same as gambling.

If you want to maximize risk taking then you can borrow money to buy shitcoins and buy the most cheap shitcoins especially it's still not listed in any exchange. It's either really huge or nothing, if you're failed, then you will not able to pay back the loan and feel regret everyday.

I agree, this type of logic definitely hurts a person when they want to trade, there are a lot of people who end up trading like they are gambling, they max out the risk and they hope for a great return, and most of those people end up with a loss.

There are a few good examples that made some money, and because of that they keep showing that example of "what about this!!" but the reality is that those are exceptions and you will not make money that way. Hopefully people will one day realize just buying bitcoin, and keep buying it with saved money from your salary, and keep doing that for many years, will get you rich enough that you do not have to do anything crazier, that alone would be good enough for you.

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Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

Having limited funds doesn't mean you're at a disadvantage compared to those with more money. Someone with $200 - $500 to invest in BTC or ETH might be wondering when they'll see results. 🤣

The big spenders might end up overextended, dollar-cost averaging until forever, comfortably accumulating or buying some blue-chip coins that double or triple. Dropping $2 billion into ETH, and two years later, getting a 5x return, could lead to a "lucky" 10 billion. Meanwhile, someone with $2,000 investing in ETH, seeing it 5x, would also end up with 10 billion...

Having less money to invest puts you at a disadvantage but you don't have to focus on the disadvantage instead you can utilize the small advantage you have which is to hold unto your investment for as long as you can to get the best deal out of the coins you invested in and to achieve this you don't have to go after memecoin or other shitcoins as you have suggested, doing that will make you loses because those project aren't project worth holding as they are pump and dump projects.

Having low capital shoudn't stop you from investing in Bitcoin or other projects that has a working products like Ethereum, you can slowly acculturate your way to having a larger amount of the coins as you get your weekly or monthly salary depending on when you get paid.

G_Besar

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Quote from: fauzan Ichsan on August 22, 2023, 10:52:24 PM

therefore it is necessary to understand before investing, if we have knowledge about the field of investment then this can make us rich even with a little capital. as is the case with cryptocurrency investments, which really open up opportunities for us to get rich, and of course with a certain process. just imagine for those who can read coins that will pump up to 100x, of course it's easy to get a lot of money, but we also have to be aware of the risks

Those who can read certain coin pumps up to 100x in the market will always take advantage of that to make more profits even though people like that usually forget about the level of risk. But some people will also go and forget about the coin after taking 100x profit, although I also never thought that nowadays there are people who are able to read certain coin pumps up to 100x. Because it is a very difficult thing to read, even if someone claims to be able to read about a certain coin pump up to 100x, surely many people will come to him to ask for this knowledge and study it carefully.

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Quote from: GeorgeJohn on August 22, 2023, 05:46:06 PM

Quote from: Finestream on August 21, 2023, 04:59:20 PM

Know what type of investment you are good and capable at, so that your little amount of capital will certainly grow and end up with a successful and profitable investment. And by risk-taking management, especially that you want to maximize the risk you want to take, then you will be given a great advantage to double or triple your profits at at a less hassle. However, always be aware and understand the risks associated in your investment, otherwise taking high risk without proper analysis will only make you a failure in your own investment.

This your point is something that makes people to investigate well before investment, people who take our conversation serous in this forum will understand the basics of way of investment...investment is all about risk taken and risks management, because you invest you have make you you have understand the scope of the investment and that is one of the things that make some people or some of the investors to investigate very well before investment..one thing I need to people is that they be watchful for the investment they want to venture into

therefore it is necessary to understand before investing, if we have knowledge about the field of investment then this can make us rich even with a little capital. as is the case with cryptocurrency investments, which really open up opportunities for us to get rich, and of course with a certain process. just imagine for those who can read coins that will pump up to 100x, of course it's easy to get a lot of money, but we also have to be aware of the risks

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the thing with little capital is that if you truly want to score massive returns you also need to make some risking your capital for the sake of gaining the chance to flip it and gain massive capital increase.
I think thats what most are exactly doing, they are betting their capital in order to increase their capital massively and then build their way from the very bottom up to the very up there.
once they are having sufficient capital that could help them make profits based on their target and requirements then they can be more relaxed in their strategy.
of course many would think that some of the strategy for growing small capital into big one would be a lot complicated than one might think it is, but there is definitely one thing that really should be remembered, there's always chance that at your process of building your way up your investment might gone into thin air because having bad decision and selecting bad investments.

GeorgeJohn

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Quote from: Finestream on August 21, 2023, 04:59:20 PM

Know what type of investment you are good and capable at, so that your little amount of capital will certainly grow and end up with a successful and profitable investment. And by risk-taking management, especially that you want to maximize the risk you want to take, then you will be given a great advantage to double or triple your profits at at a less hassle. However, always be aware and understand the risks associated in your investment, otherwise taking high risk without proper analysis will only make you a failure in your own investment.

This your point is something that makes people to investigate well before investment, people who take our conversation serous in this forum will understand the basics of way of investment...investment is all about risk taken and risks management, because you invest you have make you you have understand the scope of the investment and that is one of the things that make some people or some of the investors to investigate very well before investment..one thing I need to people is that they be watchful for the investment they want to venture into

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Quote from: Distinctin on August 21, 2023, 05:44:48 AM

Quote from: Bananington on August 20, 2023, 03:23:52 PM

Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

Maximize Risk-Taking:

Be careful of high leverage, they can end you and put you in debt even before you make any real profit from trading.They are attractive but also dangerous and should be avoided by every trader especially the inexperienced ones who are just new to trading. Risk is encouraged, but it should not be taken blindly when you as a trader know that you are not in a position to handle the dangers that come with taking risk.

Maximize your risk wisely.

Yes. Maximize your risk but only trade within your risk. If you can’t handle it and do the risk management, then never rush in trading because if you pursue your trades with high leverage, not only you will end up in debt, but you will lose all your hard-earned money as well.

Trading with high leverage is only safe if you’ve gained years of experience in trading and you know how to turn your trades into profits despite of its highly volatile market, otherwise you’ll end up experiencing in a much higher downside risk.

Trading with high leverage is not helpful for beginners. Newbies in trading wants to trade because they think that they become rich in it. Well, it's possible but the sad thing is that it's not easy as what they think. Trading is difficult and required a lot patience and discipline, and if you trade without that personalities you will end up losing your funds. You're only doing gambling in trading if you use a high leverage without proving yourself that you're already profitable with your plan. You have master your plan and gain a experience before you decide to increase the leverage.

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Know what type of investment you are good and capable at, so that your little amount of capital will certainly grow and end up with a successful and profitable investment. And by risk-taking management, especially that you want to maximize the risk you want to take, then you will be given a great advantage to double or triple your profits at at a less hassle. However, always be aware and understand the risks associated in your investment, otherwise taking high risk without proper analysis will only make you a failure in your own investment.

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Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

Maximize Risk-Taking:
Go for meme plays x10 or x100, or even lose it all. Take huge futures leverages. In the worst-case scenario, you might lose everything, but if you win, your $150 could turn into $1,500 or even $15,000.

I see this as very bad advice to be given to a beginner, as it has a very high risk. I know the millionaire mindset is that if you don't take the risk at all, you might never break the barrer of being financially stable, but this kind of risk is what I will not advise anyone who is just calculating the right thing to do with their finances in order to take home some profit.

Quote

WORK to Earn:
Find ways to increase your income. If Grab/Ubers isn't enough, go do some grunt work or community management. Maybe you'll make $50/month and chuckle about it. 🤣

I will rather go with this than for me to even give someone this advice to take a high risk of buying some meme coins, because no matter what opportunity you have seen in crypto, unless you have actually earned enough, it's always advisable for you to have something doing that is giving you some earnings rather than focusing on the returns that crypto investment will give you, as they can turn out to be very frustrating sometimes, especially when all your hope of survival is there. Having a stable, paying job increases the kind of patience one can have when it comes to resisting some kind of panic sell in an unexpected bearish season, no matter the amount that is being earned.

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Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

If you have a modest amount, let's say $150 a month to invest, here's a mindset to consider:

Maximize Risk-Taking:
Go for meme plays x10 or x100, or even lose it all. Take huge futures leverages. In the worst-case scenario, you might lose everything, but if you win, your $150 could turn into $1,500 or even $15,000.

I have seen people that does this but this isn't recommended for the newbies. They're going to burn their money doing this, that's why if they want to learn trading and with futures, they need to start with a lesser amount that they can afford to lose. They shouldn't be encouraged with those people projecting how much they've earned because sometimes, it's just the wins that they share and doesn't include their losses.

Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

Full-On Portfolio:
For you, diversification might not be the key. Go all in on a project. With less money, you need to make a big impact. Going all in could be a life-changer.

Better to do this in Bitcoin. So your choice matters.

Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

Farming Airdrops:
Rolling rewards are also quite smooth. Focus on L2 Ethereum solutions.

While I do see people in certain groups that are focused on airdrops, I do see them earn really good amounts on it. But the effort they're giving on it is like, they're spreading and joining almost all of the airdrops that they're seeing and that's what I can't do. They've got a lot of time and effort being exerted in doing so.

Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

WORK to Earn:
Find ways to increase your income. If Grab/Ubers isn't enough, go do some grunt work or community management. Maybe you'll make $50/month and chuckle about it. 🤣

Every player has a different strategy. Every flower has its own branch, every home its scene. Remember, don't lump everyone together.

This is the easiest, you get paid to work and as you get paid, that's the money that you'll use in buying more and adding more for your portfolio.

inthelongrun

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So is this based on your experience OP or you're just sharing information taken from someone? It's easier said than done. Seriously, go for meme coins? Do you even realize that there are thousands of meme coins created already but then how many of them stay with value? I know Doge, Shiba and maybe we can include Pepe among the many meme coins where many investors earned big. But what is the % of success? Is it 3 over 10,000 meme coins? Imagine throwing $150 monthly hoping for a meme coin to pump without any good reason. That money would've been $1,800 for a year. And if you invested it in bitcoin, ethereum, and other altcoins that are performing in the last cycles then it'll probably be worth $10k or more in a bull run. And also, it is very important to diversify to protect your hard-earned funds.

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Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

...Maximize Risk-Taking:
Go for meme plays x10 or x100, or even lose it all. Take huge futures leverages. In the worst-case scenario, you might lose everything, but if you win, your $150 could turn into $1,500 or even $15,000...

You forgot to write about a casino where you can take your $150 and bet on zero. The method you describe is very risky and does not guarantee the achievement of the goal, even if you repeatedly use it. And thus your profit, if you can get it, may not cover the previously incurred losses.

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Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

It's all about "LOSING LESS IF LOST."

Mate, what is happening. You are making sense and at the same time contradcting yourself. I believe something is wrong somewhere but I believe some wise ones can learn from your piece anyways. But what marvels me is that you called your method "LOSING LESS IF LOST.". Yet, you gave this advice below;

Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

Full-On Portfolio:
For you, diversification might not be the key. Go all in on a project. With less money, you need to make a big impact. Going all in could be a life-changer.

While some people may consider this advice as an unwise one, I think I partially align with the advice especially on the context that the investor doesn't have much money to diversify. Have a thorough research before you can invest on the particular coin or you chose the bit.

Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

Farming Airdrops:
Rolling rewards are also quite smooth. Focus on L2 Ethereum solutions.

Is this still profitable?

Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

WORK to Earn:
Find ways to increase your income. If Grab/Ubers isn't enough, go do some grunt work or community management. Maybe you'll make $50/month and chuckle about it. 🤣

Maybe the nicest advice you have given in the article so far

Plaguedeath

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Sounds like go big or go home phrase which mostly related to gambling, trading isn't same as gambling.

If you want to maximize risk taking then you can borrow money to buy shitcoins and buy the most cheap shitcoins especially it's still not listed in any exchange. It's either really huge or nothing, if you're failed, then you will not able to pay back the loan and feel regret everyday.

isaac_clarke22

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Quote from: Poorwithbtc.eth on August 20, 2023, 04:43:58 AM

~

People tend to advise diversification and most of the time that applies when you're buying so much coin in the market that you don't have that "biggest" one that you could rely on when the market goes the opposite of what you're expecting.

Mine for instance, I just went on "full-on portfolio" for my Bitcoin since it's what I've been hodling for almost 6 years and there's not any other coin that would surpass my expectation. It's not just the market value itself, but also the technology.

Not a fan of airdrops though, although they could already had changed for years. I ain't risking my identity again.

Topic: HOW DO YOU MAKE MONEY WITH LESS MONEY? - page 6. (Read 1036 times)