Topic: How to start - fifth stage process in crypto (Read 105 times)

I want to share my experience with crypto, to help others that are beginning this adventure, that can earn you a lot of money, but also can leave you without it...
There are few ways to earn crypto from nothing, and that could be great to learn, so that you can step on to next point, and that is invest in crypto.

First, you have faucet, which is not recommendable for earning, because you need to solve captchas and your invested time is highly above potential profit from faucet, but coins that have faucets are very well known and will probably stay in the market for a long time.

Second, you have bounties and airdrops, that could introduce you to new coins. You earn coins that are not known to the market, owners and developers are trying to broad number of users for their coin, and that is the reason to organize airdrop and bounty, to broaden community for the coin, which will sustain coin future. Of course, many of these coins are not fortunate enough to survive on the market, and there is also scams in the process, where people only want to scam you for the money. Usually, airdrops and bounties are part of ICO process, and scam potential in ICO is very large.

Third, there is above mentioned ICO process, which is process of initial coin offering on the market and present a way for a company (coin developers) to acquire money necessary for coin development through selling of already mined/existing coins, the are called tokens during the process. Today, most of the tokens are based on ETH contracts, but XLM and NEO are also popular as token bases. For sure, some of ICO are scams, some are just un-successful (bear in mind that developers shall bring new, additional value to the coin), and part of ICOs are successful. We all look for successful ICOs.

Fourth, and most important, for a person that wants a risky earning, is to choose right ICOs, you should look into ICO bench websites, go through bitcointalk review and finally decide for yourself. Invest in ICO is a long-term process, because coin need at least a year to get some value on ICO value (new thing shall be developed during the process, that will provide additional value) and you should believe in an idea behind the coin and developer team. It is important to have long-term crypto users in the team behind the token/coin, that brings safety and security to the coin…

Fifth, you can invest in already developed coins, that you believe in. Risk is lower than with ICOs, but potential reward is also lower, so this is better for savings investment, than profit. Of course, all users shall be aware that all crypto market is very risky.