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Topic: How to make money off cryptocurrency? - page 9. (Read 1546 times)

hero member
Activity: 1134
Merit: 517
February 15, 2018, 11:38:05 AM
#13
It might be harder than you think. You assume that you can make money by trading. The reality is that most traders lose money, or at least they make less money than by just holding and not trading.
But then if one is looking at trading as his thing, he definitely has to pay his dues otherwise, he may never get it right - to eat omelet, you must break egg and if you are terrified to venture anything because of fear of loss or failure, then there's not any chance for success today or anytime in the future, this thing takes getting used to and dedication. At any rate, trading is not suitable for everyone - know yourself!
legendary
Activity: 2114
Merit: 1293
There is trouble abrewing
February 15, 2018, 11:28:48 AM
#12
use decentralized exchanges to trade.
but know that trading is not the only method of making money from cryptocurrecnies! if you pay attention to the name it is called cryptocurrency. it is money. well at least bitcoin is like money and you do a job and get paid in bitcoin. it can even be a business that you run on your own.
these: https://bitcointalk.org/index.php?board=84.0 are all businesses that are making money off crypotocurrencies, mostly bitcoin.
jr. member
Activity: 190
Merit: 1
February 15, 2018, 11:25:28 AM
#11
i am new one in crypto world ,but I like invest cryptocurrency explain this how to invest
member
Activity: 266
Merit: 10
February 15, 2018, 11:23:13 AM
#10
You can earn money by advertising (Bounty) It's not bad if you work for a company and earn
member
Activity: 111
Merit: 10
February 15, 2018, 02:17:25 AM
#9
Since bitcoin’s recent highs, the cryptocurrency has once again awoken the interest of the media, regulators, and speculators. Both the reputation and the regulatory environment for bitcoin is turning for the positive around the globally and speculators are once again investing heavily in the world’s first decentralised digital currency. In this post, you will discover ten ways to make money with bitcoin to help you get started with becoming a part of the bitcoin community or, at the very least, earn a bit of extra money by leveraging everyone’s favourite cryptocurrency.

Buying and Holding Bitcoins

If you want to start earning bitcoin you first need to obtain a bitcoin wallet, which is used to send, receive and store your bitcoins. You can obtain one from an online based service such as Coinbase or Blockchain.info. These are two of the most used bitcoin wallet and come with an online and a mobile version. Having said that, the safest way to store your bitcoins would be offline. For that, you could use a so-called “cold wallet” such as Trezor.

Once you have a wallet service, you can establish multiple bitcoin addresses, which allow you to receive bitcoins from others. No real life addresses are necessary, just your bitcoin address will suffice for any digital currency transfers. All transaction can then be viewed on the blockchain at Bitcoin Block Explorer - Blockchain. This is why bitcoin is considered as a semi-anonymous digital currency as transactions are linked to bitcoin addresses but who is behind those addresses is unknown.
member
Activity: 952
Merit: 41
February 15, 2018, 01:57:12 AM
#8
I don't think trading is a good option now because of the difficulties in withdrawing your coins in time of emergency or even being hackers this have made is very difficult for traders in the cryptocurrencies market to trust most of the exchange site even with the KYC many still lose they money. The best we can do now is to buy and hold in a blockchains wallet.
newbie
Activity: 84
Merit: 0
February 15, 2018, 01:56:06 AM
#7
Very broad question, a lot of ways! You need to understand which one is most suitable for you!  For example, you can trade, buy and keep mining, bounty, development...
You need to learn all about the cryptocurrency, and choose a more convenient way to earn money, by the way many people are doing everything you can earn money!!!
sr. member
Activity: 476
Merit: 259
February 15, 2018, 01:51:24 AM
#6
That's not right.
Most of the major exchanges(Bittrex,Poloniex,Binance,Bitstamp,bitfinex,coinbase) and much more, won't do any problem when you request withdrawals, some of them may ask you to verify your identity, but you can know about that in advance, and if you are not okay with revealing your identity then choose exchanges that won't ask you for that such HitBTC.
The chances of you to get scammed by an exchange that moves thousends of bitcoins on a daily basis is close to zero.
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
February 15, 2018, 01:40:17 AM
#5
Try using one of the regulated exchanges, because they have to report to the government and they have to adhere to strict KYC/AML regulations. I do not trust any centralized service with my bitcoins, but if you had to chose between a unregulated or a regulated exchange, then I would rather opt for the regulated exchanges.

You might feel a bit more safe, if you withdraw your coins to a hardware wallet after you have traded them. Just factor in the extra miners fees, if you are going to do this on a regular basis.
member
Activity: 290
Merit: 10
February 15, 2018, 01:37:43 AM
#4
It might be harder than you think. You assume that you can make money by trading. The reality is that most traders lose money, or at least they make less money than by just holding and not trading.
Yes you are definitely correct. Some newbies thinks that trading is like a walk in a park which is not. Lot of traders lose lots of money, sometimes they lose more than they actually earn.
legendary
Activity: 4438
Merit: 3387
February 15, 2018, 01:00:42 AM
#3
It might be harder than you think. You assume that you can make money by trading. The reality is that most traders lose money, or at least they make less money than by just holding and not trading.
member
Activity: 266
Merit: 41
February 15, 2018, 12:49:40 AM
#2
Paranoid much?

Look, seriously, if exchanges did nothing but steal people’s money, they’d lose popularity quicker than a politician in a sex scandal (we’ll, maybe that analogy doesn’t work since Trump). 

Sure there are occasional incidents, and in the past there have been a few serious scams/breaches (averaging 1 per year, maybe), but in the main, the popular sites are popular because they provide acceptable levels of service for the majority of their users.

You may also be mistaking issues with certain coins rather than the exchanges that we’re hosting them.
newbie
Activity: 2
Merit: 0
February 04, 2018, 01:43:53 PM
#1
I have been reading about exchanging sites. all of them have people who lost their money due to hacks, or investors got their accounts closed, frozen (Coindesk) without proper explanations, usually exchange sites let them deposit money, but they don't let them withdraw their money.

Kraken(some review sites list this is as one of the best exchange site, what a joke) is also a shit hole, the same thing, money and coins missing, buggy laggy website, no customer support.

How do you make money of cryptocurrency when the exchange sites are predators to hunt people's money? Decentralized trade sites maybe? If I read positive reviews about these centralized exchange sites , they doesn't seem genuine at all, most of the time, it looks like someone ordered them from Fiverr. Binance, Bitfinex with the Tether fiasco, Coinmama.... All of them looks like scummy attempt to get your money.
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