Topic: Top 7 variants of earning crypto currency (Read 142 times)
You forgot one very obvious way of earning your crypto. You can earn by providing a service doing something you are good at like writing/translating articles, programming, developing websites, or any other service which you can do. Don't forget, Bitcoin is just another form of money, so you can earn it the same way you earn dollars, euros, rubles or whatever.
Thanks for puting this write up. it indeed open up ways to which we can earn crypto.
Thanks for your time this is very helpful.
Regards.
Thanks for your time this is very helpful.
Regards.
I am pleased that you read and write words of gratitude, I will add more topics
Thanks for sharing this. Pretty informative and insightful compilation. Keep more coming.
I like the way on how it is explained. This is an example of a full detail summary for earning cryptocurrencies, Thanks a lot for giving such details like this and it is very helpful for beginners and for the ones who are also interested in entering the world of cryptocurrency. Now I can share this to my interested friends so I can teach them with no stress.
1. Mining -This kind of earning is most likely on hearing. In essence, mining is the processing of transfers of crypto currency between users. For this, the remuneration is paid to the miner. The method is very attractive, because the work is carried out by the technician (computers or special equipment), and the owner receives the money. In other words, I bought a box, put it in the socket, and he begins to earn money for you.
-Mining methods
1)Combine several video cards into one and collect the farm.
2)Buy special equipment, imprisoned for the extraction of a specific cryptovoyt, which is called ISIC ("Aisik"), and use it.
Main disadvantages:
- primary investments from several hundred thousand rubles;
- First, the equipment should pay off, and then the profit will go;
- mandatory availability of conditions for the uninterrupted operation of equipment - place for accommodation, heat removal, internet and electricity, air filtration (otherwise mechanical parts quickly fail);
- Certain knowledge.
Pros:
- payback is tens times higher than investments in bank deposits or real estate;
- minimum time spent for generating income (passive income);
- receipt of a highly liquid commodity in the form of a crypto currency.
2.Trading (High risks)
A trader is a player on the stock exchange, who earns on fluctuations in the rates of crypto-currency.
Volatility in the market is very high. It can grow by tens of percent in a few days and then fall as well.
The very pattern of earnings is simple: at the beginning of growth, buy, at the end of growth - sell. If everything is done correctly, then for a day or two you can make plus 10 - 20% to your capital. Then wait for the fall and buy again. And so on a circle. For a month, it is realistic to double or triple its capital. There are crypto-currencies, which in a few days can jump by 100 - 200 or more percent.
It is important to understand that trading is a job, a profession. First of all, it is necessary to undergo training. Secondly, to form skills - that is, actions brought to automatism by repeated repetitions. And this, as a rule, months.
The main advantage of trading is high profitability. The main disadvantage is high risks. This is a job for professionals with strong nerves (it is work, not a way to invest their capital).
3. Arbitration (risks - average)
Crypto-exchange is a lot, and the difference in exchange rates for them can be quite substantial. It is especially noticeable when sharp jumps of courses begin. In such moments, you can buy on one exchange, then transfer to another and there to sell.
The main advantage of this way of earning - a good profit can be obtained in a short period. But for this there must be a sufficient amount for investment and a well-developed scheme for transferring funds from the stock exchange to the exchange.
Plus this method - a simple algorithm and average risks, minus - exchanges constantly change interest and I / O schemes. Recently, transfers between exchanges could get stuck for hours, and sometimes even for days. That dramatically increases the likelihood of loss.
4. CryptoPIF (risks are average)
Analogues of mutual funds have already appeared in crypto-economics. Managing companies for you collect combined portfolios of crypto-currency and bring them to a specific index. You can only buy this index. Depending on its growth or decline, if you sell it in the future, you will receive or will not receive an income.
Pros - a low entry threshold (thousands of rubles), and do not have to think about what to invest, the minuses - the crypto-currencies in the index, as a rule, are rigidly formed.
5. Trust management (risks are average)
Already by name it is clear that the money will have to be entrusted to the management. To whom? Cryptobroker or crypt. They will decide what to buy, and what to sell, when and how. Their earnings are part of the profits earned from managing your money. Interest is negotiated by each fund individually. The most frequent scheme is 50/50.
Pros - you do not need to think about what to invest in, minuses are usually a high entry threshold (millions of rubles).
Both for cryptoPIFs and for cryptophones, big risks are associated with the lack of a legislative base and a short time for the development of managerial reputations.
6. ICO (risks are high)
The person who came up with ICO, apparently, pursued some sort of marketing goal - wanted to do something similar to the IPO, only in the cryptomir.
Actually ICO is the release of a new crypto currency on the market. And usually it is released under a certain project. That is, some company decides to do something new, but for this it needs funds. And then it makes its own crypto currency. Investors buy it with the expectation that eventually it will be released to the stock exchange and will rise in price. Or later, the company that issued it will buy it back at a higher price. These conditions are prescribed even at issue.
Pros of investing in ICO - high return on invested capital. For example, last year in one of the projects the token went up 500 times.
The main disadvantage of the ICO is that it is difficult to reliably determine whether the team is really going to do what it says if they have enough strength and abilities to do so. In addition, sometimes the money received at the start relax, and any, even the most promising, idea can be blown away, not benefiting either its authors or investors.
7. Bounty (risks are low)
A way for students, schoolchildren and those who have a lot of free time.
Bounty is the participation in the promotion of new projects for a fee in the form of their tokens. When the project goes to the ICO, it should involve the audience, somehow tell about itself. This is allocated funds - a small part of the tokens. They are paid as a reward for "likes", "reposts" in social networks and other types of promotion. For example, for "like" - one token, repost - two, a translation into your language - three, for a detailed text on your blog or website - five. After the ICO, the tokens start to cost something, and the received users can sell them on the exchange. The yield of Bounty depends on the success of the project. You can not earn anything, but you can get a few hundred dollars.
Plus - money in exchange for time, minus - you can not earn.
Experienced bounties make approximately from 1000 to 2000 dollars a month.
-Mining methods
1)Combine several video cards into one and collect the farm.
2)Buy special equipment, imprisoned for the extraction of a specific cryptovoyt, which is called ISIC ("Aisik"), and use it.
Main disadvantages:
- primary investments from several hundred thousand rubles;
- First, the equipment should pay off, and then the profit will go;
- mandatory availability of conditions for the uninterrupted operation of equipment - place for accommodation, heat removal, internet and electricity, air filtration (otherwise mechanical parts quickly fail);
- Certain knowledge.
Pros:
- payback is tens times higher than investments in bank deposits or real estate;
- minimum time spent for generating income (passive income);
- receipt of a highly liquid commodity in the form of a crypto currency.
2.Trading (High risks)
A trader is a player on the stock exchange, who earns on fluctuations in the rates of crypto-currency.
Volatility in the market is very high. It can grow by tens of percent in a few days and then fall as well.
The very pattern of earnings is simple: at the beginning of growth, buy, at the end of growth - sell. If everything is done correctly, then for a day or two you can make plus 10 - 20% to your capital. Then wait for the fall and buy again. And so on a circle. For a month, it is realistic to double or triple its capital. There are crypto-currencies, which in a few days can jump by 100 - 200 or more percent.
It is important to understand that trading is a job, a profession. First of all, it is necessary to undergo training. Secondly, to form skills - that is, actions brought to automatism by repeated repetitions. And this, as a rule, months.
The main advantage of trading is high profitability. The main disadvantage is high risks. This is a job for professionals with strong nerves (it is work, not a way to invest their capital).
3. Arbitration (risks - average)
Crypto-exchange is a lot, and the difference in exchange rates for them can be quite substantial. It is especially noticeable when sharp jumps of courses begin. In such moments, you can buy on one exchange, then transfer to another and there to sell.
The main advantage of this way of earning - a good profit can be obtained in a short period. But for this there must be a sufficient amount for investment and a well-developed scheme for transferring funds from the stock exchange to the exchange.
Plus this method - a simple algorithm and average risks, minus - exchanges constantly change interest and I / O schemes. Recently, transfers between exchanges could get stuck for hours, and sometimes even for days. That dramatically increases the likelihood of loss.
4. CryptoPIF (risks are average)
Analogues of mutual funds have already appeared in crypto-economics. Managing companies for you collect combined portfolios of crypto-currency and bring them to a specific index. You can only buy this index. Depending on its growth or decline, if you sell it in the future, you will receive or will not receive an income.
Pros - a low entry threshold (thousands of rubles), and do not have to think about what to invest, the minuses - the crypto-currencies in the index, as a rule, are rigidly formed.
5. Trust management (risks are average)
Already by name it is clear that the money will have to be entrusted to the management. To whom? Cryptobroker or crypt. They will decide what to buy, and what to sell, when and how. Their earnings are part of the profits earned from managing your money. Interest is negotiated by each fund individually. The most frequent scheme is 50/50.
Pros - you do not need to think about what to invest in, minuses are usually a high entry threshold (millions of rubles).
Both for cryptoPIFs and for cryptophones, big risks are associated with the lack of a legislative base and a short time for the development of managerial reputations.
6. ICO (risks are high)
The person who came up with ICO, apparently, pursued some sort of marketing goal - wanted to do something similar to the IPO, only in the cryptomir.
Actually ICO is the release of a new crypto currency on the market. And usually it is released under a certain project. That is, some company decides to do something new, but for this it needs funds. And then it makes its own crypto currency. Investors buy it with the expectation that eventually it will be released to the stock exchange and will rise in price. Or later, the company that issued it will buy it back at a higher price. These conditions are prescribed even at issue.
Pros of investing in ICO - high return on invested capital. For example, last year in one of the projects the token went up 500 times.
The main disadvantage of the ICO is that it is difficult to reliably determine whether the team is really going to do what it says if they have enough strength and abilities to do so. In addition, sometimes the money received at the start relax, and any, even the most promising, idea can be blown away, not benefiting either its authors or investors.
7. Bounty (risks are low)
A way for students, schoolchildren and those who have a lot of free time.
Bounty is the participation in the promotion of new projects for a fee in the form of their tokens. When the project goes to the ICO, it should involve the audience, somehow tell about itself. This is allocated funds - a small part of the tokens. They are paid as a reward for "likes", "reposts" in social networks and other types of promotion. For example, for "like" - one token, repost - two, a translation into your language - three, for a detailed text on your blog or website - five. After the ICO, the tokens start to cost something, and the received users can sell them on the exchange. The yield of Bounty depends on the success of the project. You can not earn anything, but you can get a few hundred dollars.
Plus - money in exchange for time, minus - you can not earn.
Experienced bounties make approximately from 1000 to 2000 dollars a month.
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