Topic: How to make money from Bitcoin in 2021 - page 3. (Read 1667 times)
In 2021, I will mainly invest in some cryptocurrencies and trade to obtain profits. This is my main source of income. Secondly, I will often participate in some airdrop activities and get some currencies for free. I do some bounty plans every week, and the project party will also send you some tokens as rewards. In short, I am a relatively safe investor. I don't like too risky and aggressive investment methods.
I think the least profitable among these you listed has to be mining. It's not as profitable as it was a decade ago, with cheaper mining gears that does the job and less people on the pools competing for the same block. Nowadays you even have to double down on your mining rigs, which by the way already could cost you tens of thousands of dollars in itself alone. To even get a decent earning. Trading and holding holds the top spots for me because they are basically what made the millionaires in this industry, and has consistently made people get by even as of today.
Buy and hodl. I do just that, store it on my ownr and trust wallet. And of course, daily trading.
If you are a daily trader, why do you need to store your BTC to own and trust wallets? I think it is not really effective and spends much transaction fees. Storing on private wallets or hard wallets is for the long-term investment. If you did it, it means you are a daily trader and a long-term investor. By the way, don't you ever try to get BTC from airdrop or bounty? I think it is better to try various ways in earning BTC.
It seems to me that the easiest and most obvious way to make money is to master trading, and taking into account such fluctuations, you can make great money, and I think not only on bitcoins but also on alternative cryptocurrencies.
Yeah right, trading is the best one only if you take it seriously and you keep finding the right strategy to earn from this market, there arelots of different strategy tht you can used to make a use of it.
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In the last 10 days alone, the price jumped by $ 10,000 down and up, if you sell and buy on time and competently, I think you could already make very good money. Not to mention those who have bought for a long time and can sell at the top.
Rinsing and making decent money is very possible, as the market moves regularly, if you make it in the right timing you'll be able
to harvest the profits that you are aiming just need to take time and focus.
It seems to me that the easiest and most obvious way to make money is to master trading, and taking into account such fluctuations, you can make great money, and I think not only on bitcoins but also on alternative cryptocurrencies. In the last 10 days alone, the price jumped by $ 10,000 down and up, if you sell and buy on time and competently, I think you could already make very good money. Not to mention those who have bought for a long time and can sell at the top.
I subscribe to some opinions and also believe that long-term storage is a more reliable option than everyday bitcoin trading. At the same time, for example, it is convenient for me to pay with a crypto, conveniently with the help of crypto-cards. Honestly, I decided to try a new wallet for committing transfers in crypto (Tether mostly), but I can't fully decide, I've already some read good reviews about coinspaid and coinpayments. Anyone have experience with these wallets?
Please don't hold the idea of getting rich overnight, let alone play contracts with leverage. Honestly, you will be able to outperform most investors. If you are smart enough, you can try to find the next fil investment.
You must be patient when speculating coins, that is, know how to control your emotions. You can't bear to cut the flesh if you fall too much. Also know how to learn to see the market clearly. Don't chase high blindly, otherwise you will be the next picker. To learn to enter the low ambush, and then take profit in batches before reaching the peak. To earn income. To read a coin, you must know how to read his white paper and the favorable market conditions of related institutions. In order to achieve low ambush
Buy and hodl. I do just that, store it on my ownr and trust wallet. And of course, daily trading.
I really agree to buy then save is a good choice now is the right time to buy bitcoin or other altcoins such as Ethereum because the price of bitcoin is now going down, the possibility that in the future you will get a big profit.You could also get an assorted basked of previously well performing alts and wait until the market recovers. This is more hands off and pain free. Take your pick!
Buy and hodl. I do just that, store it on my ownr and trust wallet. And of course, daily trading.
I'm not a daily trader, I can't earn Bitcoin every dayI only can buy Bitcoin at the moment and hold it until the price rise high
a week ago I just got a bonus from my office and immediately bought Bitcoin at a price of $ 40,000/coin ago
even though the market is bearish and my BTC portfolio is declining, I will continue holding the BTC that I bought
Buy and hodl. I do just that, store it on my ownr and trust wallet. And of course, daily trading.
I really agree to buy then save is a good choice now is the right time to buy bitcoin or other altcoins such as Ethereum because the price of bitcoin is now going down, the possibility that in the future you will get a big profit. 
Most people who are new to BTC or find a way to accumulate BTC this might help you out; few ways to make money from BTC:
*Daily trading
*BTC mining
*Investing
*Selling your items in exchange for BTC; i.e(receiving BTC as payment for work or items sold)
*Yield farming (De-fi)
*Airdrops (this helps allot but be aware of fake ones too before participating)
*BTC surveys
*Daily trading
*BTC mining
*Investing
*Selling your items in exchange for BTC; i.e(receiving BTC as payment for work or items sold)
*Yield farming (De-fi)
*Airdrops (this helps allot but be aware of fake ones too before participating)
*BTC surveys
I admit the center of my income is by joining bounty which is "Selling your items in exchange for BTC i.e(receiving BTC as payment for work or items sold)" from the list. I tried trading but not daily trading which is not effective for me, I tried investing but it took me years to earn a big amount of money, I tried farming but it also does not work, I am not sure if I earned through airdrops but I participated in so many airdrops before, for mining and BTC surveys I did not try those yet.
Now, I am getting attracted again to trading, airdrops, and farming but I will still continue participating in bounties. I know it is all risky but its OK.
The advantage of bounties is that in the worst case scenario you lose time you invested. If you trade on a daily basis you put your income on the line, which can be annoying if the market doesn't go as expected. Even worse is if you usually need the money you put on the line. Th bounty section offers so many possibilities to earn some income in crypto, everybody should be able to find something.
Btc survey and airdrop is not a professional way to earn bitcoin. I think it is waste of time. Selling goods for btc is not earning opportunity. It is a method of exchange. Investment, Daily trading, Good platform of mining can help to earn in proper way.
I am not familiar with BTC survey but airdrop is also good, as you only ned to do a simple task to earn little amount of money, it is not profitable compared to investing and trading but there is no risk from doing it, so if you are just a beginner and just started with crypto world a few days ago then you may try some airdrop but we should not focused on airdrop only we should learn things as time goes by, invest as well because this is a good way of earning money with cryptocurrency.
You can make money to many ways.So you can join airdrop, investing, holding. I think,The best thing is holding. You can buy some valuable coin and hold long time to get more profit.
Most people who are new to BTC or find a way to accumulate BTC this might help you out; few ways to make money from BTC:
*Daily trading
*BTC mining
*Investing
*Daily trading
*BTC mining
*Investing
In general, many people make money by day trading and investing in the long term. day trading and investing in the long term will make it less likely to get a loss, I didn't choose to mine bitcoin because it would cost me a lot to pay for electricity and pay for repair fees in case of damage to the hardware used to mine bitcoin.
Most people who are new to BTC or find a way to accumulate BTC this might help you out; few ways to make money from BTC:
*Daily trading
*Daily trading
Since 99% or so from day traders are losing money, I wouldn't say it is very profitable. Maybe instead of day trading if you had a 10-year investing strategy it would be way better.
*BTC mining
I think you should read more how BTC mining is done. Not easy to mine from your home, and you will need to have very low cost of electricity to be profitable.
Selling your items in exchange for BTC; i.e(receiving BTC as payment for work or items sold)
You can sell your items and workf for fiat too, and buy BTC with that fiat. It is the same.
Yield farming (De-fi)
While I have many reservations on this one, it turns out it has profited many participants. You just have to diversify in many Defi to reduce the risk of an exploit or a rug pull.
*Airdrops (this helps allot but be aware of fake ones too before participating)
*BTC surveys
*BTC surveys
Not profitable. Some airdrops were given to users of platforms as a gift for their participation. These guys already paid a lot for fees and the platforms just given back tokens as airdrops that were profitable, but almost nobody was using them for the airdrops. As with Uniswap, this airdrop was like giving back to the community.
Surveys are a joke and scams. You won't get anything from that.
There are two direct ways to make money from bitcoin.
1- Hold bitcoin and its value will increase with time
2- Trade bitcoin (its risky because you can end up losing bitcoin instead of gaining)
Other than this you need to have any skill and you can offer your services and in return get bitcoin for it. This is an indirect and yet most effective way to earn bitcoins.
1- Hold bitcoin and its value will increase with time
2- Trade bitcoin (its risky because you can end up losing bitcoin instead of gaining)
Other than this you need to have any skill and you can offer your services and in return get bitcoin for it. This is an indirect and yet most effective way to earn bitcoins.
I would rather HODLing than daily trading with Bitcoin. Because it's a wiser thing as you can make a profit which is many times the amount you make by daily trading. Even HODLing until the end of this year would be more profitable I think but there is no guarantee for it of course.
And I don't prefer De-Fi staking as there is a very high risk for them. Maybe you may come across with a scam project and you may lose your money.
And I don't prefer De-Fi staking as there is a very high risk for them. Maybe you may come across with a scam project and you may lose your money.
Most people who are new to BTC or find a way to accumulate BTC this might help you out; few ways to make money from BTC:
*Daily trading
*BTC mining
*Investing
*Selling your items in exchange for BTC; i.e(receiving BTC as payment for work or items sold)
*Yield farming (De-fi)
*Airdrops (this helps allot but be aware of fake ones too before participating)
*BTC surveys
*Daily trading
*BTC mining
*Investing
*Selling your items in exchange for BTC; i.e(receiving BTC as payment for work or items sold)
*Yield farming (De-fi)
*Airdrops (this helps allot but be aware of fake ones too before participating)
*BTC surveys
I admit the center of my income is by joining bounty which is "Selling your items in exchange for BTC i.e(receiving BTC as payment for work or items sold)" from the list. I tried trading but not daily trading which is not effective for me, I tried investing but it took me years to earn a big amount of money, I tried farming but it also does not work, I am not sure if I earned through airdrops but I participated in so many airdrops before, for mining and BTC surveys I did not try those yet.
Now, I am getting attracted again to trading, airdrops, and farming but I will still continue participating in bounties. I know it is all risky but its OK.
Apart from Airdrop and payment with BTC for work done, others are risky for newbies (yield farming, mining, printing....). All these required a piece of in-depth knowledge and it is not a thing that can just be jumped into
What is the risk involved with yield-farming? The long-term staking, i.e. locking of tokens or, I think don't fully understand how it works. As I understand it wild-farming requires long-term commitment or is that wrong?
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