Topic: How to Make Money in Crypto and not lose it as beginner - page 4. (Read 821 times)

Apart from these there are some other ways to earn money from crypto. Such as
 1. BTC paid signature campaign.
 2. Bounty campaign.
 3. Selling your services.

But before earning money it is necessary to acquire proper knowledge about crypto. So more time should be given to the forum. Because I think the purpose of this forum is to gain proper knowledge through discussion and not to earn money.

That is the mindset that a lot of people coming into the crypto industry nowadays have. They just want to become rich overnight, which is not possible, and that is the reason many of them end up in hands scammers. When someone is really eager to make quick money in the crypto industry, they will end up losing their money. So, I believe that anyone who wants to succeed in the cryptocurrency industry should not have the mindset of becoming rich quickly.



In everything someone wants to do in this life, the first thing should be consider is knowledge. Knowledge will be what guides them in the right direction. Anyone with proper knowledge will hardly make wrong decisions. Many people who fail in their business, especially in the cryptocurrency industry, do so because they lack knowledge. So, before making any decision to invest in the cryptocurrency industry, we first need knowledge.


It is very important to know when someone should invest and when to take profit. Some short-term investors incur losses because they do not know the right time to take their profits and the right time to invest. There are some people who always like to invest during the bull run period, which is wrong for short-term investors. If you invest during a bullish period, you may find it hard to know when to take profit because coins may not be as profitable, and before you know it, you may end up in a bear period again.

The easiest way to lose money in your crypto investment journey as a beginner is by investing without a good knowledge of what you are investing in. Of all the options stated above, acquiring the right knowledge is the most important. Most newbies fail not because they got the wrong investment option, but because they didn't have the right knowledge and went about it the wrong way. Majority of the newbies who wish to invest in cryptocurrencies are only here because of the interesting stories they have heard about crypto and this has influenced their minds to believe they do not need to spend so much time learning when they should be earning already. Anyway, I have been there before and I learnt the hard way. I believe newbies who are not patient enough to learn when they should will learn better from their own mistakes.

I get quite a lot of questions related to airdrops from my friends. On social media or on Telegram channels, there are lots of groups sharing projects that are currently conducting airdrop campaigns.
I was shown the group by one of my friends, and the group had a lot of followers. every day they update. Friends are very interested because there is a special chat regarding testimonials, projects that have succeeded in providing many benefits.

One thing I understand is that they dishonestly run the airdrop campaign. the same as what happened in the bounty campaign on the forum. they participate with many accounts to get more allocation from the airdrop.

Uhh, I increased my total portfolio value by 30% in less than a year through (correctly farming) airdrops. But yea, there's always a risk when interacting with protocols.

Just like investing, it depends largely on luck if you don't know what you're doing.

But yea, I wouldn't recommend airdrops to 95% of people because only a minority of crypto people actually use DeFi protocols in the first place.

Airdrops are currently a waste of time and may even require money to pay fees, and they are also not devoid of Risks. Even if a non-primary wallet is used, participants may end up having to get their airdrop tokens, and the project team might refuse to pay. It depends largely on luck, and the more experienced and knowledgeable an airdrop hunter is about the project they are participating in, the better their chances of making some free money and avoiding falling victim to scams.

Participating in escrowed bounties run by trusted BMs here may be an attractive way to make money without capital. Additionally, gaining skills in one of the most popular fields of freelancer work is better than all of the above. Still, it requires practice, professionalism, and a portfolio of previous work.

I think you are the first newbie ever who mentioned airdrop farming in a guide like this, as many shared a guide like this before but airdrop farming was not included. I have followed this roadmap you have shared and been following it from a long time. But not in the same order. I first started my time in bounty hunting, then knowledge, then trading, then investing and now airdrop hunting not farming.

As farming means joining 1 airdrop from more then 1 accounts which is not a moral act although many projects don't give any concerns if there users are the same from different accounts as far as they are getting results. Overall this is a good guide as a newbie can make some good money from airdrop farming and once he will arrange enough money using the knowledge he can trade and invest and can make more money.

There is no way you can do bitcoin, and when you are doing your research you can hold your bitcoin rather than just jumping into trading, or any other thing because the challenges you will face without knowledge will be a risky one. Crypto has a lot of opportunities, and those you have listed are just better to even go for the better one. However, to begin with, it will be better to get the knowledge before any other consideration. trading is a lot for a beginner so after getting the knowledge then anything they want to do will be made easy but people don't want to go through that line all they want to do is to make money with stress, everything you can think of is available it just depends on how it is been utilized. and if it has gotten to the point where you don't have money you can still do airdrops even if their a lot of scam projects airdrops everything depends on the one you want to do, even doh you still need to learn.

Actually, when entering the cryptocurrency business world, we cannot guarantee 100% not to lose. However, we can try to make the risk of loss much smaller and we can avoid it a little. And the methods written by the OP, can be some guidelines that can be optimized, at least, they are the initial knowledge and insight that someone must have before jumping into crypto.

Basically, everyone who dives into crypto will definitely expect profits or gains. However, sometimes not all of our targets and hopes can be met 100%. Moreover, crypto has its own risks, and that will also depend on readiness and also various things that influence the level of risk.

1. Knowledge first
Yes, that's right, knowledge is crucial. Not only knowledge about crypto specifically, but also knowledge about financial management, emotional and personal control, and risks management that must be possessed to minimize existing risks.

2. Spot trading.
Actually, trading also has a big risk, but at least, Spot trading is much lower risk than using leverage or Future trading. And, trading is also risky, so we must have adequate knowledge about the analysis of various coins that we will trade, and understand when to buy and sell them, and understand the strategy well and wisely.

3. Airdrop Farming
Maybe this includes several other free programs such as bounties, signature campaigns paid BTC, Top altcoins, or Stable coins. However, we really have to be smart in choosing which programs are worth doing.

4. Investing.
Maybe there are many coins that are worth investing in. but for beginners, I can only dare to suggest Bitcoin as the main investment, followed by ETH, BNB, and maybe top coins, but all of this still has risks.

Your points are valid, as a beginner the best option to stay focused on is Bitcoin holding, and not trading. A beginner with the impression to start trading almost immediately is likely to run at loss, so investing In Bitcoin would eventually get the investor exposed to the basics of cryptocurrency transaction, storing of seed phrase and other disciplinary acts like holding without temparing with your investment, studying the market.... And one could even make some profit off the process of learning if Bitcoin pumps.

I see that there are so many people who are engaged in airdrop farming nowadays. With the success of the first tap mining - not coin, it's being followed by vast of new tap mining projects on the ton network. While there is no need for any investment there, the time and the effort that you'll spend there is your capital and the uncertainty that the project will be successful if ever they launch their token won't give you any guarantee. But at the end of it, it is people's choice whether they're going to pursue it or not when they don't have a lot of things to do. And they don't need to throw money in it.

Among all you have listed I prefer investing on cryptocurrency more especially in Bitcoin because it is more easier and convenient and more secured unlike other cryptocurrencies. Investing in Bitcoin will broaden your knowledge about how you should follow your investment. Seeking for knowledge before investing isn't bad but it will be more good if you have already made your investments then you can begin to learn some certain things you need to know and understand which will guide you through out your investment periods but if you wait to acquire the whole knowledge that you wish to know them you may end up not investing because the price must have increased to an amount you will be scared of making investments at that point so making investments before seeking for further understanding is the sure way to go.

What you said is true that most newbies think that cryptocurrencies are a get-rich-quick scheme due to wrong guidance or a lack of knowledge, and this makes them take steps without trying to understand everything properly and eventually lose their money.

About airdrops, you are right that Telegram bots these days are extremely popular among crypto enthusiasts, there are a lot of projects that are launching their bots and there is a reason for that, they know people will invite others to these platforms and they are getting a lot of subscribers and followers over social media and many of those participants might even invest money in those projects, so it's a win-win for them.

There is a trading board in this forum. One can get credible or reliable information from experienced members of that board. The beauty of this forum is that you will get answers to almost any crypto-related questions. It is important to verify the information you get from some of these so-called crypto experts.on social media. Some of them don't know as much as they claim and others can also promote scam projects.


You have to also consider the risk involved in trading altcoins. Truly it has higher chances of giving much profit but the chance of losing heavily cannot be overlooked. The profit from Bitcoin might not be too big, yet it is more dependable. My question is are all altcoin traders rich? Again is there any guarantee that investing $500 in altcoins trading will make one rich? Many traders regret not buying Bitcoin and waiting patiently.

Honestly airdrop farming is the easiest way to make money in the space and the only thing to look out for is you not using the same airdrop wallet to keep any valuable assets, because there is no guranteee that your wallet will be safe after joining many airdrops.

Keep your real assets somewhere else and leave your airdrop wallet address for airdrop purposes only, you loose noting joining airdrop, you invested nothing but your time, I always advice my junior ones to participate in airdrop campaigns and today they are thanking me for giving them such advice, you can always make money without spending from your pocket unless you are not willing to put in good effort.

Good advices over all OP, well done.

The only method I'd recommend to everyone is to simply dollar-cost average bitcoin, and earn money through a job or a business. This method has a far lesser chance of destroying a person's life than to tell them to learn how to trade.

As for airdrop farming, even as a person who runs an airdrop site, I still don't recommend farming airdrops to the masses because most people barely know how to interact with a DApp or even differentiate a legitimate site from a fake one.

The first point here already covers for all other points raised by you, if one has the required knowledge, they will not make mistake and when anything that has to do with scam arrives, they will quickly identify for such instead of falling for it, but why many fail is because they lack the paramount experience in cryptocurrency and they tend to quickly jump into conclusion by what they see online without taking time to research about them.

You've outlined brilliant points on crypto activities and how to make profit from it, I agree with your line of thoughts, especially with the first one that has to do with knowledge. You will definitely become a lost person if you don't understand the knowledge involved in cryptocurrency, the technique and the intricacies involved in cryptocurrency can only be surmounted if you build a knowledge around it, I for one was a novice in the crypto space before I started developing little by little on the things I know now. The Number 4 point is really needed when you're involved with the activities of number 2, because those are the skills you need to be successful in spot trading.

You just made me to remember one of the altcoin I tried sometimes ago, there was nothing good about it as a result. Investing in altcoins is just a waste of time and waste of fund. It is better to put all these fund and time in bitcoin and no doubt it will definitely yield a good result with time. Investing altcoins is a big risk
So do you mean asking people to invest $500 in altcoins would make them to become rich? Investing in altcoins will not only make you poor but to cry hell.

Alot of people make the mistake of following people step just because they made some money without trying to learn about it first. Cryptocurrency is not something to jump into be it trading or investment you need to first understand the basics at least to begin with. Never rush into crypto without having any knowledge about it.

Knowledge should be the first thing you seek if you don’t want to end up in loss but out of ignorance and fear of missing out people just rush into crypto without having any knowledge about it risking their mone. They are those who fall easily to scam and end up mismanaging their wallets which results to loss of asset. There are lots of disadvantages when you lack crypto knowledge.

Investing carries lesser risk but not so easy as you may thin.  Without the the proper mindset you may end up losing money, although it’s not as risky as trading but one needs to train his/her mind to be able to withstand certain situations the market may throw at you. Knowledge covers it so all so with knowledge it will be easy to understand and find your way around any situation.