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

Too many people believe trading is something you learn from two or three YouTube videos and after reading a tutorial. But there are so many aspects that beginners don't consider. It takes a lot of time and work to build up the experience to become a good trader, and you will make mistakes even then. In reality, just buying bitcoin or a cryptocurrency you like and holding it is better for most than trying to swap and trade to increase your bankroll.

I wrote, Here Is What Can Happen If You Want to Trade Cryptocurrencies, but You Don’t Know How a few years ago to warn newbies not to take trading lightly. 

To reduce your losses in trading the only thing you can do is to avoid doing trade while your knowledge about bitcoin and crypto is so narrow. Since usually you commit mistakes if you have lack of knowledge towards what are those important key points that need to consider before taking your decisions on what coins you are going to trade.

But if you come up on getting a lot of ideas then not rush everything especially taking bad decisions then for sure that later on you can avoid getting wrong actions each trade you made. But also of course we still need to be more careful since we know the market is unpredictable so that means we need to pay attention on our trades even if we know how to do it since market movement doesn't give any guarantee to anyone.

But as a beginner, you can still reduce the number of mistakes you make before you finally learn how to trade and reduce your losses.
 
I believe one of the reasons why some traders add their mistakes and trading experiences online is for people to watch, read, and learn about them so that they can also avoid making such mistakes again in the future.
 
Mistakes can't be avoided completely, but most times we can use the mistakes made by other traders to enlighten our crypto trading knowledge.

I was also a victim as a newbie. Mine happened dramatically. I joined the forum when it was a period of bull run 2021. I ventured into trading, and coincidentally the coins were rising and falling. I'll buy low and allow it rise and cash out, I was happy and thought I have learnt how to trade. This happened until bull run was over, that was when my losses started and I realised I had many things to learn in cryptocurrency trading. But to cut the story short, I finally gave up trading after I thought I have learnt somethings but my emotions failed me.

Yes, you are right. No one helps in the beginning. It doesn't help with proper guidelines; we must learn from mistakes. The more mistakes we make, the more we learn from them and aim to avoid making the same mistakes in the future. No one teaches someone by hand; you must know yourself and strengthen your foundation. Problems must be faced, and one cannot enhance oneself. Be firm at any moment. The only thing that must be achieved anyway is to smile in victory at the end.

you are a beginner definitely you'll make mistakes in the start since no one is there to remind you, and sometimes they are the one who will put you in that situation, you know why? there is no perfect recipe for it and since you are a beginner it will happen, tell someone who did not make any mistakes when they are starting, the best thing to do if that happens to you is learn from it, don't stop make things better that's life you need to go forward no matter what happens be strong.

Yes that's right many people new to cryptocurrency think trading is an easy way to make money but they ignore warnings about its dangers. They mostly lose money because they do not take time to learn and gain experience. Trading requires skill and knowledge which come from dedication and learning. Learning takes time and experience teaches valuable lessons. More we engage with cryptocurrency community and learn better we will be at navigating space and avoiding costly mistakes. Knowledge is indeed power and in this case it is the key to making and keeping our money safe.

if you say this to beginners then they won't understand, there are also many beginners who get the doctrine of don't put all your eggs in one basket, so they have not only bitcoin as their investment in crypto but altcoins as well. 
I still recommend being stable in making money wherever you are because holding Bitcoin in the long term requires strong determination and discipline, don't stop in the middle of the road because you run out of money and end up selling all the Bitcoin you have.

By being knowledgeable, you create bigger possibility to make your investment work and prosper. Rather than to rush into investing without sufficient knowledge on your planned investment, it's like you are allowing yourself to fall into scams and eventually lose all your capital. Take time to learn prior to making investments, because as what majority say, knowledge is power, and when you have power, you can positively navigate your investment the best way possible.

I believe in all types of investments, there are still chances to lose. No matter how good or expert you are, losing is still inevitable. But if you know well what you are investing, you will certainly lessen the probability of losing, hence increasing your potentials to gain and earn an income.

Buying and hodling is proven safe and profitable, but I believe it's easier said than done. If you can't be patient enough and manage all those risks, you will still end up losing your bitcoin investment.

Almost every newbie in the cryptocurrency industry sees trading as the easiest way to make money. Even when you advise them that trading is risky, most of them would not hear until they try it out themselves. So many of them regrets after trying it because they would not be patient enough to learn the skill of trading before trying to trade. It is after they must have failed that they will understand that trading is not for everyone.

There is nothing better than learning when you don't know, it is learning that leads to earning. When you have learnt enough, you would not easily lose your money for any fake Project. Learning is also not what is done in a haste, experience also is part of learning. The more anyone stays in a forum like this, the more experienced they get in things about cryptocurrency and Bitcoin in particular.

Making money in crypto market is difficult most especially a beginner who has not gotten the basic knowledge, although knowledge is needed as mentioned but trading is not so easy and I don’t think any beginner can earn so quick without a solid knowledge. I believe trading with the right strategy matters so beginners still have a long way to go when trading in terms of profit making. Secondly, I’m not into Airdrop Farming and there’s nothing so special about airdrop farming, the fact is being lucky at the moment because sometimes you spend your time and effort farming fake projects, as a beginner it’s always best to make research before going into different kinds of airdrop. Investing also has to do with trust and bitcoin at the moment is a good choice for any newly investor but, bitcoin investment doesn’t come with fast profit rather a long term investment plan will yield profit.

Of course knowledge is the most important thing as Long as it has to do with money we really need to take our time to acquire the knowledge first before looking out to any other thing, so as to avoid losing our money. However if You're talking about the means to make money in crypto, spot trading and Investment is not included reason is because you can't make money from spot trading or Investment when you don't have a capital to start up with, you can't make Investment when you don't have money. But you can make money from airdrop without spending money so I think airdrop farming is the best way to make money in crypto the only thing is that you will need to devote your time in doing those airdrop.

The simplest way and with minimal risk and effort is just buy BTC and hodl.  All we need in this is our patience.  Unlike participating in airdrop where we have to do some tasks that sometimes require KYC and end up being disappointed by getting worthless tokens, or trying to trade and ending up miscalculating the trend of the market and ending up shorting at the wrong time,  holding enables us to not get too concern about the short term price of the Bitcoin market and saving us frustrations and fears.

Just like the many of us stated, trading is not for beginners so better to learn the curve of trading first before engaging in cryptocurrency trading activities.  If one is just a newcomer to cryptocurrency, it was advised to keep away from trading until one has fully grasped the concept and the system of it.


No one can generate income without money, even online freelancing requires money since one has to have funds for the devices and gadgets needed for the task, the internet, and electricity that one has to pay at the end of the month.  If you omit having no money on the way to make money, you will end up with nothing since you can't have the needed materials in the process of creating a source of income or money.


This contradict your earlier statement :

As far as I know, growing money either from jobs, business or investment is also considered making money...

They say nothing good comes easy and but not all people's understand the sentences, and that's why some people's are talking crypto where they earned money quickly, I know that there some airdrops that a person can become rich but with that not all people's have the knowledge about the scheme.
The knowledge is the best key for that everyone most see for before starting whatever a person want to do in this life, especially in crypto anything about the crypto need a enough knowledge that will leads you to know much about the defference wallets and how the cryptocurrencies operates.
When is coming to an investment I always support anyone that wants to introduce his to invest, because the investment is like trading that have much risks, but the investment also deserves a a concrete background, that in even future will not have so much losing. Because once you know everything about part of investment everything will be come easily and again if you want to invest take the amount of money that you can afford to lose.

So true, these are the first steps any person interested in building investment in crypto should start with before pulling in a cent into it. It amazes me when I get in contact with some new crypto enthusiasts who can't differentiate the difference between a cold wallet and hot wallet and which is best for use in terms of high security .. To them they are wallets for cryptocurrency.

I think I will still recommend at the beginning for a new trader to perfect their strategies using demo trading before going life with spot trading. Moving straight to spot trading would mean that you'll be losing while trying to perfect and understand your strategy avoiding jumping out of trade in loss due to a lack of confidence on your strategy.

Am not just comfortable with airdrops due to their associated risks though people do make money from them despite their risks. To stay safe with airdrops connect with burner-wallets. Burner wallet is a wallet you don't use for other transactions or don't keep money in.

Personally I think crypto airdrops are one of the best ways to make money in the crypto space without losing it cause making you are only doing a task for them and not investing any money into it, trading is risky and even professionals still lose money and it can take long years of practice to grow confidence in trading, so yeah airdrops are the fastest way.

I strongly disagree with you while respecting your opinion. Why are you tempted to ignore the downside of Altcoins and look for profits?
Maybe the profit in Bitcoin is less than the profit in Altcoin. But while there is a possibility of losing everything in Altcoin, Bitcoin will keep you safe from this. I'm not saying that bitcoins don't have losses, but the risk of losing everything is very low. As the alt market is extremely volatile, the coin market is likely to be bearish for a very short period of time and the chance of recovering that price is very low.

It is applauding to learn that you have mentored hundreds of persons on crypto industry, I also think we should not be too in a haste to spread the little knowledge we may have grabbed when we have not exercised deep to the crypto industry otherwise, we might only spread false knowledges or preferably to say skipping to discuss about the basic os primary terms but jumps over to the secondary or technical terms may not be advisable considering how to guide beginners.
I learnt that there is no rewards to pride about your holding of assets in the crypto industry because staying anonymous and keeping your key phrases private is the first encounter of your winning in the crypto industry.

I don't see spot trading and investing are ways to make money, because you must have the money first.

Only airdrop is a way to make money because you can start without need to deposit, it just you might get scammed or get paid too low.

So, if you're looking to make money without skills, it's better if you learn something or get a job in real life, you might earn more by working in real life job. Working in real life job and invest the money in Bitcoin is a good way to grow your wealth.

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.

All that you pointed out is very much valid no doubt, but I just feel like adding more to it, because you mostly talked on how to make money and you didn't talk on measures that should be taken not to fall prey in your investment and not to lose money.

And one of them to me is greed, greed in crypto can be very destructive to an investor because you already knows that aside Bitcoin, it's very dangerous to invest in any other alt coin or shit coin there about, but due to greedy, you will still go ahead to invest in shit coin because of 50x or 100x, which in most cases, it's more likely to end in losses, and it's because of greed you will even get to that space in the first place.

Another thing is lack of knowledge on how scammers operate, as a newbie, if you don't know how scammers operate and how to counter them, you are very much bound to lose money at some point in your investment journey.

Most tokens now with compatibility in other dex get listed fastly than before actually. They might not be listed on major exchanges but they are indeed can be exchange to other coins or fiat due the help of dex. But it also good to note that trading volume matters, so famous/hype airdrop will generate more income, well, it will still based on number your airdrops on certain tokens.

This is the problem we keep having all the time. "Someone reached out to me and demanded that I trade her funds on my account, with a monthly or weekly return of interest split in half.. all I told her was that she's lucky she discussed it with the right person that'd advise her; my advice was that she shouldn't dare to trade without having the knowledge on her own
Exactly!
I'm afraid I'll have to disagree with this statement.. Telegram "play to earn" games aren't paying shit. Following airdrops is like scalping - nothing controls their listing process... It takes years to happen and mostimes, doesn't even happen.

This interested points to make money in cryptocurrency with free, join an airdrop project and be diligent to make research or getting information about airdrop project. Recently many people have dedicate their self make airdrop as main income after receiving much money and easily earn much from airdrop project.
Then allocated few percent or airdrop reward for investing and most of them need skill or knowledge before holding their assets in top potential coins as short or long term investment.

Participating in airdrop is low risk earn or make money in cryptocurrency because not spent capital such as investment and we got reward from airdrop by free after completing all task needed. But don't forget for investing in cryptocurrency after earning or making money from airdrop project to avoid some time airdrop not be popular anymore.

Trading requires a lot of knowledge/skill, and i know "knowledge" is first on your list, but sometimes i tell beginners not to go into trading, even if they feel they have garnered knowledge for it. Better to start off investing in bitcoin for the long term using DCA method and if you are able to grow your investment, you might consider trading with a little part of your assets or profit.

That being said, the days of earning from airdrops are really far behind us, it is an uphill task to even find one that is legitimate and the returns are too small and a waste of time, i wouldn't advise newbies to waste their time with airdrops or faucets.

Now, I get what you're saying about the safest path - ideally we could all just buy some coins and sit back to watch our money grow.  Sticking with the big, established ones minimizes your risk of losing everything.  And for most average investors, that's 100% the way to go.  But at the same time let's be real - skilled traders can totally cash in by playing the dips and peaks. And getting behind new projects early before they blow up big, that can mean way bigger returns than sticking to the big dogs. So while parking your money in BTC or ETH should protect your investment, other moves let you chase those sweet, sweet profits.

I'm just making the point - there's upsides and downsides to every strategy here.  It's complex very rarely a simple yes or no thing.

Eventually everyone will come to know that they are better off investing and holding for long term than to try various ways of earning through crypto.
Surely some can make profits through other ways like memcoins, NFTs, staking, DeFi etc... but the amount of profits made by holding crypto for long term beats all the other methods of making money in crypto.

Thanks OP, i love the fact that you put the knowledge of the crypto space first because as little as Airdrop farming is you can still lose on it but with the understanding of the crypto space you will know what to do and when to do it. Actually spot trading and some form of investments like Flexible savings,  Launchpad staking and even PoolX staking on Bitget is a good opportunity for the newbies to make profit in the crypto space.

Well said OP, you listed out valuable points that would guide newbies and help them make money. The truth lies in openness and risking what can afford to lose while investing, and also other passive income like airdrop farming requires time, patience, and effort of which you benefit from later on, probably it's always a game of win/loss. This will do more good, newbies can choose the one they are convenient with and leverage on it before indulging in others.

If I am introducing anyone to crypto, what I do make them understand first is that bitcoin investment is not a get rich quick thing. I will like to change their mentality if they have the mindset of making quick money from crypto, because most newbies joining the crypto space always have that mindset.

Even if you have the knowledge first, there is no way you won’t be losing money. The theory aspect of learning about bitcoin is different from practical aspect. If you are learning about the theoretical aspects, then you won’t be losing money, but when it comes to practical, then you are going to be losing money.

Using spot trading is just better as a newbie compared to putting your money in future trading. Not that you can’t lose money in spot trading, but the risk is just lower than that of future trading, so even if you are trading on spot, do that with the amount you can afford to lose, because loss can also set in.

Only the knowledge of spot trading will not help you make money in trading; you need extra trading skills such as technical analysis that will guide you to read the crypto market and also know when to enter a trade and when to leave a trade. Secondly, as a trader, you must be able to know if there's news that will influence the price of a coin to dump after you have bought the coin so that you will not be at a loss. I think investing in bitcoin for the long term should have been used instead of trading because no investor will lose money in bitcoin unless he or she invests his or her whole money in it. And in bitcoin investment, you don't need to have a lot of knowledge about bitcoin before you can start it.

A very good and beginner friendly template is that which you have stated above and for beginners who are very keen and committed to getting money from crypto, if they diligently follow up with the above, they are going to able to make money of crypto but it will take some time. Airdrop farming has been one of the ways to start a crypto journey even without necessarily using your own money to start and at the end of the day you can still get to make money of the crypto space when the coin or token lunches and the airdrop is distributed. b But as a beginner, trading isn't a very advisable path to tread almost immediately because eventually you will exposed to a very high risk and volatility which may sometimes not be healthy or friendly with your pocket and will cause you a whole lot which in some cases it may mean all that you have been able to save or invested in your portfolio. Investing to a great extent is even at some point more safe as a crypto enthusiast because you can be sure to to get hit so badly by volatility when it comes except you are holding too long enough much more than expected then you can be hit by volatility.

I am doing this lately, even though I do not consider myself a complete beginner. But I guess there are some steps in Airdrops hunting as well. Some people do exclusively free airdrops that do not require money. Some others spend gas fees only to farm points like checking in. At the same time, some others are doing pro airdrops farming by investing money in new platforms.

I have invested around $800 on Blast ecosystem airdrop farming which is going to end on 26th June and I am expecting a good profit from it. I am also building a small telegram community for airdrop guides. If someone want to join, you can hit me a DM.

That is not true either, investing in bitcoin is also profitable for even people with low capital and they can still be profitable, only it woudl take them longer to achieve that, a person can decide to use his 500$ monthly earning and invest in bitcoin with the DCA strategy allowing him to keep on buying bitcoin at intervals for a long period of time, the power of this is through consistency in accumulating bitcoin with little amounts untill your are able to aquire a huge stash of bitcoin and if the price of bitcoin increases exponentially within those years of your accumulation then your ealier coins would already be in profits. Long term investment is the best approach to bitcoin and I do prefer it over trading.

I like the steps you gave on this. Because insight must be the most important thing and must not be overlooked or moved to the back burner. Learning and understanding the crypto space itself is a must for anyone who really wants to make a profit from this field. Because everything cannot be produced instantly. Everything requires certain processes and stages that must be passed. And increasing insight is the first thing that must be done. Because through this we will know the basics that will make us more confident in the steps we will take. From this we will also know that there is a potential behind which there is always a comparable risk. After that, you can also try trading on the spot market. Some people even start by hunting airdrops and they learn while hunting airdrops. And that's not wrong as long as knowledge comes first. So that we understand which airdrops can benefit the participant and which don't. Because there are too many airdrop scams that can destroy the enthusiasm of beginners. but if we already have insight then we can minimize the risk of being deceived. Trading and investment can start when we are ready with all the materials and if we are also ready with the special capital that has been prepared.

No one can decide if a person's life will remain poor or become richer with their Bitcoin investment. it all depends on the ongoing understanding of the person investing.
I'm just trying to emphasize that people who are just learning should start with the least risky assets. Be aware that more beginners in investing or trading are very hasty in choosing assets. because they are eager to quickly see their portfolio have value.

understanding will grow when they do it directly. and indirectly they will learn new things gradually.

I guess there's no need for a further explanation for this one. Knowledge is power. That's the famous quote that's been used by many people and it's true. No knowledge, no future. I've seen investors who lost their money in the past when it comes to investing because they focused on how much profit they can get rather than learning first at least the basics.
Not recommended for newbies and beginners because trading is a very risky way of making money in cryptocurrency. Well, if you're ready to take losses at the start then I guess you can still try, but for me, I don't recommend doing this.
Low risk? I don't think so because I've seen some projects in the past that ended up as a scam or rug pull. Some projects will lure investors saying that they will make an airdrop and for you to qualify, you need to add some bucks on their website through liquidity pools, staking, etc. and at the end, they will just scam you. This year, airdrops have been a success at least for the first half of the year, and with many upcoming in the future, I guess I can say that airdrops can be a good way to make money ONLY if you have some money to invest because nowadays, you need to spend a few bucks (through transaction fees or liquidity pools) in order to get some free tokens.

As for telegram mini app farming, since it's that easy to do, many will jump hence, many will get the allocated amount and that will make your share way lower.
We are in a world where we invest to make money. Like what I said in the first one, this is self-explanatory because we are into crypto where we need to invest to make money.
Care to share some? For sure, that would help some newbies and beginners out here.

Those who don’t know a thing about crypto get fooled easily by what they see or hear, once they hear that a person was able to make some money by also want to join. Joining is a good thing but do not be reckless and join without seeking knowledge.

Knowledge should be the first thing you seek as a beginner if you don’t want to end up losing your money because cryptocurrency is a very risky investment and when you don’t understand it it will be difficult to make money from it.

Yeah, without valuable knowledge one can not earn through this space , the chances of one losing his money is really high without any valuable knowledge that's why is always advisable to go into research to gather valuable knowledge before going into anything mostly when it comes to earning in this crypto space because just as one can earn good money in this space with good knowledge that's how one can still lose through this space due to not having good knowledge.


For those who are interested in trading, expecially for those who are new to it (trading) is better to start with spot trading than jumping in trading with leverages, due to the mindset that most newbies usually have , that trading is a get rich quick scheme, they usually go into trading with leverages ( future trading) without any solid knowledge on how trading work and at the end they will only endup getting themselves reckt. So is better to take your time and learn more about trading before going into it because inorder for one to be successful in trading some technical knowledge is required.

for beginners the first thing they need to survive in the crypto market is good knowledge, with this knowledge beginners can avoid things that can make them lose or how they can make better decisions in their trading. because when beginners lack knowledge, then what will happen is they can lose money because of hasty decisions or they miscalculate which leads to placing the wrong order and that can be a loss. and because of this it is important for beginners to learn and develop their knowledge, so that it can help them survive in the crypto market and get the profit they expect.

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.

Really?  I strongly disagree with this.
But of course, I respect your perspective way on investing in crypto.

IMO, higher potential returns in altcoins come with higher risk, and as we can see, how many altcoins have failed its value over time, whereas Bitcoin has established itself as a relatively more stable and widely accepted now.  It seems like you're more into gambling in altcoin but if you can afford to lose that amount you invest and to deal with that high risk so, why not?

As a beginner, I wont recommend investing altcoins.
If you do, make sure you have the amount that you can afford to lose and don't expect too much ROI on it.

As much as both trading and investing in bitcoin can bring significant profits to a person, but I don’t actually advise newbies to trade or invest. I wouldn’t want to be held responsible of their future losses. Instead, I tell them to get to know more about bitcoin and other crypto coins and through comparative research, they will discover it on their own as to what coin got the highest potential to bring them profits.

Now when it comes to trading or long term hodling with bitcoin, I’ll leave it to them since it’s their money that they’re going to risk. They can ask me of my personal views but the last say should always come from them.

Trading is very risky. It can be an easy way to lose money. It is good to invest than trade. Use just small amount of money for trading.

But it is good to be careful of airdrop scam and avoid ways that it can lead to phishing attack.

Investing is good but avoid shit coins. Avoid investing in wrong time because cryptocurrencies are speculative.

The upside in altcoins is higher than that of bitcoin. So, asking people with $500 to invest in bitcoin will make them forever poor.

I don't talk much about trading or other things to people who ask me. when someone asks about crypto trading or wants other information from me. then I will just suggest them for Bitcoin investment. Some people are actually very interested in the hype brought by memecoin, and friends asked me about memecoin. but I will just answer Bitcoin is the best and invest there and you will make money.
regarding knowledge and risks, they should have studied it first out of their curiosity.
I know there are many doors to making money from crypto. but introduce them to the best.

I have mentored over 100 people in crypto. Some of them think Crypto is a get-rich scheme because they heard someone made $1m from a project. However, most of the time, they get into crypto and get their hands burnt along the way.

Here is my suggestions if you want to make money from crypto;

1. Knowledge first
2. Spot trading.
3. Airdrop Farming
4. Investing.

1. Knowledge First:
This is foundational. If you don't have this you are liable to fall to scam. You need to learn about wallet, exchanges, dexes, and conviction and patience.

2. Spot Trading :
This is a tangible skill that differentiate you from another person. With this you know how to make money trading. But ensure you stay away from futures trading. Use spot trading to start.

3. Airdrop Farming:
This is a low risk way to make money in crypto. Learn the popular airdrop in crypto space. Currently Telegram mini app farming is what is reigning.

4. Investing:
What will help you here is physiological skills like emotion management and patience. You will also need to learn when to invest and when to take profit.

To conclude this, you can learn this from credible YouTube channels and Coinmarketcap/Coingecko education channels.