Topic: How to Make Money in Crypto and not lose it as beginner - page 2. (Read 821 times)

If you are active in trading you can do futures trading but it is different once you already experienced a lot if you are a newbie ideally is spot trading because you don't need to watch the market every time just buy with the strategy of DCA or buying in the dip and wait for the profit you've been desired.


Currently one of the trend after the Play to earn, and NFT grinding through whitelist is the Airdrop people do some task and they will get rewarded an airdrop but take care of this because people clicking a link through their platform like discord and telegram make sure those are safe or else it might cause damage to your account like stealing information or empty your wallet if you are using a hot wallet. Yes its low risk no investment but you are using your time if you didn't seen a good project you just wasted your effort.

I sincerely agreed with you and thanks, from the little I have learnt trading doesn't seem good for a beginner like me, I have heard about Bitcoin as an investment as the best especially for a long term, well is all about patient and persistence accumulating it through the DCA strategy either weekly or monthly will be the best even though it will take a longer period of time, it doesn't matter since it is the best.

Over investing into something without having any knowledge will result into a major loss for investors. So before think about how to make money those people should think about how they could able to avoid scam and learn those helpful methods that could potentially increase their chance to earn.

Lots of people like to take a shortcut since they think crypto is easy and earning will come automatically. If they experience their first big defeat for sure they would learn their lesson for those mistakes made.

Each people should really choose or try to learn a good strategy that fits on their financial capabilities and availability so that they could able to execute their plans towards on what they would like to happen on their investments.

Staying away from scam projects is a good thing and everyone should do that, but I don't agree that one should invest everything they have in Bitcoin because even though Bitcoin is the best cryptocurrency in the market, diversification is the best thing to have when you are making investments in any industry because as they say, don't put all your eggs in one basket.

So having some diversification in your crypto portfolio is a great thing. You can find a bunch of good cryptocurrencies besides Bitcoin such as ETH, SOL, BNB, and a lot more, so you can invest at least a portion of your capital in these altcoins and have the remaining funds in Bitcoin, maybe do it 50% and 30%, 50% should go in Bitcoin and 30% should go in altcoins and the remaining 20% should be kept in liquid assets for more investments.

Even in that case you could lose money too. The fact that in the past it has performed so well in the markets doesn't mean that there is any intrinsic law which states that it will continue doing so ATH after ATH.

Each one must choose the strategy that fits better for him/her. Of course, you talked about scam altcoins and every scam is negative, but I think that you are suggesting that all altcoins are a scam, which is definitely not the case.

If you don't want to lose money, stay away from scam altcoins. Put everything into Bitcoin and HODL.

in trading you have to understand that have advantages and disadvantages, if you have acquired the knowledge of trading very well it will be better for you to trade than going into trading that you know, so what I'm trying to say is that trading gives profit and also make you to lose, the risk involved in trading is much and the risk involved in investment is equivalent to the one of trading, so many people doesn't know such, but I know it that have to do with crypto investment is all about risk, their is some people who panic very well concerning bitcoin price when the price is getting low and with out of fear they will sell their bitcoin belows what they purchase it.

Knowledge first also infuses research which I believe is the first step everyone needs to take in whatever we try to do to avoid wasting valuable time and money! Besides ignorance is not an excuse and we shouldn't give them.

Honestly, I will just say trading isn't for everyone...

Tbh Airdrops are time consuming, and with this generation of Airdrops if you aren't careful one can get hacked which is why am not a fan of them and too many shitcoins out there which makes me write this off as a way to make money..

Buy and hodl is much more basic that won't need much skill if you going with the wind, but better play it safe and go with informed/skilled investments.

That's ofcourse right but I had posted from a beginner's point of view.
Skilled investors can have multiple sources of income with each of them involving their own risks.
I guess we all agree that buying and holding is the best way to make money for beginners.

I agree Beginner should have the knowledge first of overall crypto sphere before diving into it reading someone's success story of making millions. Knowledge and luck play crucial factors in those success.
Beginners can start with farming airdrop and collect as many as they can. If one haven't invested anything from their pocket there is no question of losing funds.But one have to research hard to find good and legit projects as there are many fake and scam airdrop traps.

Don't underestimate the idea that all investments in cryptos, even in Bitcoin, are highly risky and a "lottery" somehow. You may think that an altcoin will go to the moon, and perform worse than BTC, or think that the price of BTC will slowly go up, just before a sudden dip happens (or even worse, enter a bear market). You can expect, based on past performance, that top coins always recover in the long-term, and be wrong one day.

The potential for profit on altcoins is also not closed if people choose top altcoins because top altcoins will also reach ATH when Bitcoin experiences a price spike to reach the latest ATH. Only a few top altcoins such as Ethereum are included in investment recommendations if Bitcoin's capabilities are not there.
Regarding trading, I don't know what to say because long-term investment is more promising.

I think new traders still can't wait as old traders did and are still doing because they understand the market and coins better than new ones and they have already profited. It is easy to do the work that we have done before, but the grief that we are in, our anxiety, fear, and worry are too much.

So, new traders should make their investments where they don't have to wait for a long time and have a good understanding of the market and coins, especially the ups and downs of the market. The market can never be smooth, in the market, there is not always one kind of opportunity to trade, and no good profit can be obtained all the time, above all, it is necessary to understand that only the money invested in the market is not necessary to keep it for a long time otherwise it can be damaged.

Not just trading in any field of life when we are new, we need to learn first. We can never replace an experienced person immediately. It takes us some time to reach that place and that time is a learning process.

You aswell was on the right part as you never accepted the offer, she must have heard a lot of cooked stories on how huge profits are made without understanding that the market trading might go side ways which means losing funds other than making profits, since she has no knowledge  you will be falsely blamed for misused of funds giving to you for trading. Among everything listed by OP, the most beneficial would be to gain knowledge and also knowing how to interpret the knowledge into skills and actions which will in turn yield profits.

Just few out of hundreds pay in good profits, it is not the most reliable way to earn profits so it would be unthoughtful depending on Airdrops farming. Anyone who is involved in the farming should have in mind that it is of greater possibility not paying than getting payed.

I don't know if you numbered your message according to the steps newbie should follow. But after knowledge, investing should always come next and the coins that are best to invest in is Bitcoin before gambling on any other crypto you like. Note, investing in them should be a gamble and not as an investment that you put much hope on because things can go wrong with them to the extend of you losing everything. Spot trading and trading in general which includes options and future trades shouldn't be encouraged as easy or you'll put a wrong mindset that earnings is easy in those sections of the industry though it isn't an impossible act to try.


Few months back if you would had ask me I'll say this was a total waste of time and it would be better you look for a job than focus on this (which is still the fact) but due to recent events, Airdrops are becoming a thing again and that's just something about the crypto industry. Trends that fallout can always come back. Farming airdrop shouldn't be something you spend your whole time on because most of them will be a complete time waster while just a 1% succeed. Be extremely cautious when farming so the small you have don't get stolen trying to farm for more, investing is always superior.

If we are to look into people’s success in cryptocurrency since its inception, a lot of people will just come into cryptocurrency to tap from that favour they’ve heard about cryptocurrency. Looking at the broader market you’ll know that those people have already spent time holding and been patient with the holding until it grew to the point of profiting from it fully. Some achieved those success through luck but more people achieved that through hard work, patience and perseverance. For you to be able to hold for a long time either as a beginner or old time cryptoreneur, you need to have the changed mindset of holding for that long and not just wait for lucks to happen because they don’t come often. For any of the four listed way newbies can make money through cryptocurrency, if they don’t learn how to hold and handle a portfolio, they will exit cryptocurrency earlier from the time they joined.

On 4 of your options there I will take the spot trading teaching to all newbies since this is risky options or decision that they wanna try since for sure that they would just lost their money for possible wrong decisions they take. Lots of scams or market is volatile so for sure that they will find out its hard to handle those situation and for sure that there's high chance that they would just lost on their trades.

So I would take this Learning knowledge first and Airdrop farming since this is the easiest way for them to learn and participate. But also they need to know the risk of possible scamming in airdrops so they could able to avoid those potential scam platforms.

Investing maybe I will not suggest it but still would open up a discussion to them since its important that they need to learn something about it especially for bitcoin investment for long term since this is more better decision they can take rather than participating on meme coins or hyip investments.

The DCA pattern is a pattern that is more suitable for investing in very valuable assets such as Bitcoin and this certainly cannot be blamed because using it is also quite easy as long as you have capital that can be used there consistently. But for altcoin trading, I think everyone still needs to look at the moment while being able to contain the risks when the market gets worse, because trading in altcoins also has no guarantee of big profits if the moment is not yet right. Although every trader who still maintains his assets is not said to be a person who has lost even though the value of his assets has decreased.

Trading without a stable income will make people likely to fall into poverty. So, for them, they can make $ 500 in Bitcoin as savings rather than saving in fiat. So there is no such thing as poor because from $ 500 it will become $ 1000 if the price increases 2x from the current price.
Logically, $ 500 will increase if people have the desire to do so. In trading altcoins, people will add their money to be used as capital. Likewise, investing in Bitcoin can be done by applying the DCA pattern.

This is the situation we found ourselves in today courtesy of social media influencers. These influencers looking for cheap popularity online and portraying themselves as crypto experts just to farm engagement contribute a lot to this misconception especially among the newbies in crypto industry. They flaunt fake and edited wallet with huge amount or trading tickets that doesn't belong to them. Newbies easily fall for this and assume crypto is money printing industry without risk.


Not only liable to fall for scam, you don't expect success when you are swimming in ignorance. Seeking knowledge is the first step to a successful journey because you need to know about the destiny you're heading to, the road that lead to the destination and what to expect along your way before embarking on the journey to avoid averting the journey halfway.


I will rather advise beginners to avoid any form of trading without adequate knowledge to avoid losing their money. They should seek for mentor's guidance if they want to learn about trading.


It's a low risk with low expectation too. In fact, most airdrop now is just wasting of time as they are either not getting listed or worth probably nothing when listed. When the risk is low, such should be your expectations in case you choose to participate.


This is not the way I expected you to conclude your post thou. The truth is that it's almost impossible not to lose money in crypto in one or another. The most we can do is to minimize it with some measures practicable.