Making Money | Bitcointalksearch.org

LeroyBro

jr. member

Activity: 168

Merit: 1

Quote from: lotfiuser on February 14, 2018, 12:53:33 AM

yep i sell it for cash for dollars black market price and even if its banned and law doesnt allow it i always fidn buyer by just posting on facebook

That's an interesting approach. Grin

Does it work a lot in your experience? How frequently do you find buyers?

r.bhalla07

member

Activity: 546

Merit: 10

In my thinking the main thing is which work will you do and which process will you take and how many time you work to earn more money.

Andrey123

sr. member

Activity: 1778

Merit: 305

The whole essence of the economy and trade operations, buy something cheaper and sell it more expensive.
That's the whole secret)
The main thing is to understand at what point this is done and which tool to choose.
This people and learn for years.

rallyko

member

Activity: 210

Merit: 12

I'm looking for promising altcoins, with an interesting idea or a finished product. I wait, when these altcoins will grow in price from x2-x3, then I sell these altcoins and buy other altcoins. If I need money, then I change my bitcoins for dollars through an exchanger.

laluna24

full member

Activity: 511

Merit: 100

We have many ways or strategy on making money in cryptocurrency. On how we can earned to grow our money so some buy worth coins and wait for the prices to increased. Others do holding until such time it meets the goal to grow atleast the money. Once already earned it may converted into fiat exchange that you can spend.

LeoEspansq

full member

Activity: 364

Merit: 100

Quote from: Ownee on February 01, 2018, 03:38:55 AM

How exactly does the money making process work? You buy some cryptocurrency for a certain price then sell it for a higher price and the difference is the money you've made? This would mean that the money you've made is still in terms of cryptocurrency. Then can that money be converted into the whatever kind of cash your country uses? How does it work?

So it works like you described, and the conclusion is either through exchanges with a commission, or through trusted people. In general, those who want to get a lot going for long-term retention of their investments, on short-term ones are very risky.

Lucky_U

full member

Activity: 364

Merit: 100

Yes, you can hold or to trade altcoins on exchanges, making profit. Some of exchanges allow you to trade directly to usd and then make withdraw.

lotfiuser

sr. member

Activity: 1250

Merit: 295

Palestine

yep i sell it for cash for dollars black market price and even if its banned and law doesnt allow it i always fidn buyer by just posting on facebook

Md.salauddin

newbie

Activity: 210

Merit: 0

It depends on how you calculate your profit? in btc or usd. I personally calculate my profit in usd, now in btc most people trading altcoins have no profit..Usually people use coinbase to obtain bitcoin with fiat, most likely by bank transfers. So when you wanna sell your crypto you do the same process as you did when you bough just the reverse of it.

felipe04

full member

Activity: 308

Merit: 100

Actually i think of it like that OP if some users earn money in crypto and some also got lose here too but i really don't understand so i continue to believe we always earn here and have benefits to every users of it because if you lose here of course you will leave in crypto,I think also the best example of this are china and korea because they leave crypto because it's not good for their economy

RodneyKings

full member

Activity: 213

Merit: 103

Quote from: Ownee on February 01, 2018, 03:38:55 AM

How exactly does the money making process work? You buy some cryptocurrency for a certain price then sell it for a higher price and the difference is the money you've made? This would mean that the money you've made is still in terms of cryptocurrency. Then can that money be converted into the whatever kind of cash your country uses? How does it work?

Buy low, sell high. It means whenever there is a dip on the prices of your target coin, you buy it (wallet or exchanger) and wait for it to rise again to have your profit. You can withdraw a portion of your profit and convert it on fiat via some btc to local currency exchangers. Since everything depends on the country, I think it is for you to find out how to convert crypto currency to local money.

Matrond

jr. member

Activity: 58

Merit: 1

Yes once the value of the cryptocurrency which you are holding goes up, you have the potential to make money. The only way you can secure that added value is by converting it back into Fiat via an exchange.

Boybugwal760820

full member

Activity: 308

Merit: 100

Well my version of making money here is quite different from others because in order for me to buy altcoins or any crypto currency is at first I have to join a lot of crypto currency paying activities and also a lot of AIRDROPS so that if I am payed by them in the form of cryptocurrency or tokens, I will convert those tokens or crypto currency into a real money and then invest them again into those low value crypto currency and wait for the time until those crypto currency that you had invested will increase its market values again.

sotoshihero

hero member

Activity: 850

Merit: 504

Quote from: Asiong on February 01, 2018, 11:04:16 AM

Quote from: Ownee on February 01, 2018, 03:38:55 AM

How exactly does the money making process work? You buy some cryptocurrency for a certain price then sell it for a higher price and the difference is the money you've made? This would mean that the money you've made is still in terms of cryptocurrency. Then can that money be converted into the whatever kind of cash your country uses? How does it work?

Trading or investing in cryptocurrencies doesnt work just like that,you need to do a lot of research first so you can choose which coins would give you a lot of gains in the future,you need to eliminate most of the shitty coins in the market,theres a lot to be consider like the coin's working product/services does it has any use to the real world? development team should be good so they can achieve their plans whether it is short or long term plans,this is not a buy and sell investment you need to familiarize how the market works,and how these fundamental and technical analysis can be a big factor to coin's price improvements,do not focus in making money instead how to learn things most of the basics things you need to know.

Converting your cryptocurrency assets to a fiat currency would be more easier when you convert your altcoins to bitcoin or ethereum first.

Nice info...Actually I am.also looking for ICO's to possibly invest and trade.Trading is one way to gain or earn in cryptocurrency.Another one is through joining campaigns. When you convert your crypto to btc,its easy now to be converted to fiat in your local exchanges.So far most are using localbitcoins afaik. You may opted also for local meetups but be careful it is very risky.

kennyy2929

newbie

Activity: 84

Merit: 0

Quote from: Ownee on February 01, 2018, 03:38:55 AM

How exactly does the money making process work? You buy some cryptocurrency for a certain price then sell it for a higher price and the difference is the money you've made? This would mean that the money you've made is still in terms of cryptocurrency. Then can that money be converted into the whatever kind of cash your country uses? How does it work?

what you are describing is trading, some people do trading to accumulate more and more bitcoin, and then when bitcoin hit for example 1BTC = 20k usd, then they withdraw it to USD, so that's how you make money.

but trading will be risky and you might lost you coin, so be aware if you wanna do trading.

another way is you buy in some coins let's say 1BTC at 10k usd, and you do not trade it and just hold for 3 years, bitcoin rises to 1btc to 30k usd, so in two years you have earned 20k and you withdraw when you want it. BUT there is no guarantee that you earn in two years, if let's say you but an alt coin, it can crash and dissapear.

BITCONNECT is very good example for crashed. it once go up to 4xxusd, but bitconnect shut down and it's now lower than 10usd and so many people losing their money.

so u need to do a good research about the coin you wanna hold.

kristii

jr. member

Activity: 168

Merit: 2

Quote from: Ownee on February 01, 2018, 03:38:55 AM

How exactly does the money making process work? You buy some cryptocurrency for a certain price then sell it for a higher price and the difference is the money you've made? This would mean that the money you've made is still in terms of cryptocurrency. Then can that money be converted into the whatever kind of cash your country uses? How does it work?

Cashing profits is one of the most difficult and intricate issues that depends heavily
on the laws of your country, as well as on the way in which you want to withdraw funds.

LeroyBro

jr. member

Activity: 168

Merit: 1

Speaking of money, how/when do you guys decide to cash out? If ever? Is it worth it usually or are the fees super high?

prince05

member

Activity: 126

Merit: 21

Quote from: Ownee on February 01, 2018, 03:38:55 AM

How exactly does the money making process work? You buy some cryptocurrency for a certain price then sell it for a higher price and the difference is the money you've made? This would mean that the money you've made is still in terms of cryptocurrency. Then can that money be converted into the whatever kind of cash your country uses? How does it work?

If you are trading altcoins, it should be traded to bitcoins first before it is converted to fiat currency. Depending on which country you are in there should be like online wallets wherein they buy your bitcoin and exchange you directly with fiat currency depending on what is their current buying rate. Also check if they accept other alts such as ETH directly to fiat currency and that is the time you can take out your profit as cash.

Nariza

member

Activity: 246

Merit: 10

Yes. Some are buying crypto currency in a low price and sell it into higher price to gain profit. It depends on your country because there are some markets exchanges allowed to trade your coins and cash out your money.

Sexton

newbie

Activity: 13

Merit: 2

Quote from: Ownee on February 01, 2018, 03:38:55 AM

How exactly does the money making process work? You buy some cryptocurrency for a certain price then sell it for a higher price and the difference is the money you've made? This would mean that the money you've made is still in terms of cryptocurrency. Then can that money be converted into the whatever kind of cash your country uses? How does it work?

Cryptocurrency trading doesnt work like that you need to be familiar with the coin you are investing to,because there are thousands of shitcoins out there and you might pick those and thats your end,you will lose a lot of money.Cashing out would be easier when you converted your alts into major coins like bitcoin and ethereum,you can convert these two into usd,then convert your usd to your local currency.

Topic: Making Money (Read 233 times)