Ways of making money in crypto currency - page 6.

charlotte04

full member

Activity: 504

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Quote from: Bagaji on October 09, 2018, 09:44:17 PM

Trading crypto currency is believed to be profitable and lucrative business only to those who have the trading skill. Apart from trading and participating in signature campaign is there any other lucrative ways in which one can make money that is less capital intensive in crypto currency?

You can just simply buy and hold and wait for the price to come up to an easy way of making money inside cryptocurrencies.

adaseb

legendary

Activity: 3808

Merit: 1723

The only 2 ways which seem "almost" risk-free are mining and lending.

By mining you need a GPU or an ASIC and you will need a very competitive electricity rate, depending on your country you can make a few dollars per day per rig. However these days if your electricity rate is the average of 10 cents a KwH then there is not much profitability out there. You will need to wait for ETH or other mineable coins go up in value first before mining or else you would be doing it at a loss.

Second way is by lending out your BTC on either Bitfinex or Bitmex. Currently Bitfinex pays very little for BTC, but on Bitmex you can at least get 0.03% daily. On days of high volatility that rate will change and could be up to 0.375% max so its over 1% per day. However that usually only happens during crazy bull and bear markets.

G00DFe77a

jr. member

Activity: 55

Merit: 6

Get into programs like arbitraging or nova that is earning me positive passive income of 20%-25% per month, doesn't matter if the market is going up or down. Msg me if you want more info.

okala

full member

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Quote from: Bagaji on October 09, 2018, 09:44:17 PM

Trading crypto currency is believed to be profitable and lucrative business only to those who have the trading skill. Apart from trading and participating in signature campaign is there any other lucrative ways in which one can make money that is less capital intensive in crypto currency?

Trading is the most reliable and dependable ways of making money from cryptocurrencies market especially if you are a professional trader. I also think that bitcointalk posting and joining of signatures campaigns and bounty is another to get free coins from the market. I have a friend that was making above $100 weekly in signatures campaigns last year and in the Third World countries that is good money.

Rrtt

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Quote from: manggis97 on November 19, 2018, 02:49:27 AM

Crypto trading and bounty campaign is not profitable anymore like last year. Maybe you can try airdrop program and affiliate program.

Maybe not the bounty campaign but in my view crypto trading still is profitable as long as you are patient enough and does not haste to make money. It would take years before you can accumulate crypto and convert it to fiat if you want. Making profit overnight is not applicable here in crypto.

Lalafell

sr. member

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Quote from: manggis97 on November 19, 2018, 02:49:27 AM

Crypto trading and bounty campaign is not profitable anymore like last year. Maybe you can try airdrop program and affiliate program.

You simply say that crypto trading is not profitable because of bear and down market but I think you wrong as long you have trading skill you can still earn profit from crypto trading. Second, bounty campaign is still profitable and just like you said it is not profitable simply because of failing ico and extended bounties. But, once the market will fully recover you will say again that crypto trading and bounty campaign is very profitable.

ShortClixneoai

newbie

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Quote from: manggis97 on November 19, 2018, 02:49:27 AM

Crypto trading and bounty campaign is not profitable anymore like last year. Maybe you can try airdrop program and affiliate program.

The best way to make money is to invest and hodl. Holding adds value to the coins that are being held as the market rise slowly and gradually. In addition, this is a strategy advised by some of the experts who think it is easy to make money by holding than by trading.

eaglewhite80

member

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Quote from: manggis97 on November 19, 2018, 02:49:27 AM

Crypto trading and bounty campaign is not profitable anymore like last year. Maybe you can try airdrop program and affiliate program.

Well, you should know that every day is not christmas, so one way or the other, you cannot always expect things to turn out the same way all the time. Moreover, this is a market, and there is always a season for every market, just as there is a season for every business to thrive, so in a way, let's just see this season as the season for accumulation for investors and if you know what you are doing and you are smart enough, you will not be wasting that chance at all right now.

wuvdoll

legendary

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Quote from: manggis97 on November 19, 2018, 02:49:27 AM

Crypto trading and bounty campaign is not profitable anymore like last year. Maybe you can try airdrop program and affiliate program.

Crypto trading is still very profitable if you can at least manage yourself and you are patient enough to know when you want to be getting into the market. One thing I have always known for sure is that there is no way you can get the best of any market if you keep applying emotion to everything you do. Your knowledge should always come first and you should always know that as long as you know how to manage yourself, stick to a strategy, then you will be fine. Everything is still profitable, if you know how to play your cards right.

Quote from: cryptoblue77 on November 19, 2018, 08:23:36 PM

you can join legit airdrops and promote your referral link. If you are good in writing then you can do steemit blogging and earn some steem.

Airdrops are simply waste of time. You may not get the tokens/coins which are worth for paying tx fees for moving them. I am saying these as per my experience. Blogging and content writing are always good way but need good knowledge on monetizing.

cryptoblue77

member

Activity: 472

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Well, apart from trading and participating bounties, you don't have much options, but you can join legit airdrops and promote your referral link. If you are good in writing then you can do steemit blogging and earn some steem.

herurist

sr. member

Activity: 1680

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Quote from: Bagaji on October 09, 2018, 09:44:17 PM

Trading crypto currency is believed to be profitable and lucrative business only to those who have the trading skill. Apart from trading and participating in signature campaign is there any other lucrative ways in which one can make money that is less capital intensive in crypto currency?

Most people will use bounty program to collect fund for next step, include trading. But some people use bounty program to built their own business like content creation, blog and you tube channel. In here they learn to built trust before sell their real product. Some of them use crypto as alternative payment, try it.

tenakha

hero member

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Quote from: manggis97 on November 19, 2018, 02:49:27 AM

Crypto trading and bounty campaign is not profitable anymore like last year. Maybe you can try airdrop program and affiliate program.

The airdrop and affiliate program are no different. Instead, you can try ''scalping'' and ''arbitrage''. Scalping to provide less risky earnings with small pips per day. I have never tried scalping in cryptocurrency, but I know it works on Forex. Arbitrage is profit from the price difference in exchanges. Considering the current price volatility, there is a great chance of profit with arbitrage.

pundit

full member

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Quote from: btc4marse on November 19, 2018, 11:45:16 AM

You could also trade cryptocurrency for cash on a site like localbitcoins.com and profit from the exchange rate. Also works for smaller amounts..
I do this in France.

Btc4marse

Other such website I know is localethereum dot com, its good idea to sale/purchase of ETH there and earn from exchange rate, local bitcoins dot com and localethereum dot com both are good websites, I am a regular user of both these websites.

macstrong12

member

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Quote from: SFR10 on October 10, 2018, 06:00:19 AM

Offer your service/s on "Services" and "Marketplace (Altcoins)", then simply charge the crypto-currency of your choice.

You can also try the following websites:

Quote from: SFR10 on April 10, 2018, 12:51:39 PM

1. XBTFreelancer
2. WorkingForBitcoins
3. cryptogrind
4. Coinality
5. Jobs4Bitcoins
6. BitGigs
7. Digiwave

Take note: Can't vouch for them (since I haven't used them).

All good thing you have mentioned , I also want to introduce steemit.com website where you can start blogging with your unique and nice posts and get money out of it by steem coin , I know its price is very low now but a while a go 1 steem was equal to 8$ .

btc4marse

newbie

Activity: 2

Merit: 0

You could also trade cryptocurrency for cash on a site like localbitcoins.com and profit from the exchange rate. Also works for smaller amounts..
I do this in France.

Btc4marse

Kopyleft

member

Activity: 168

Merit: 15

Future of Security Tokens

Quote from: Bagaji on October 09, 2018, 09:44:17 PM

Trading crypto currency is believed to be profitable and lucrative business only to those who have the trading skill.

I believe that is how any venture works. You need knowledge and skills to to be able to gain.
Trading I similar to gambling, you're betting on how you think the market would react.
You did not include investing. It's also a form of gambling but, it's a long term process. And does not require constant conscious effort.

thinkright

copper member

Activity: 280

Merit: 1

Alternatively, you can check out translation campaigns, it has fewer participants and good allocation. You can also consider content creation as well.

joeperry

sr. member

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Telegram: @jperryC

Well i think offering your private services? For example you're a designer, blogger, vlogger, etc. you can offer it and ask for a cryptocurrency as a mode of payment but offering a legal service such as lawyer i think would need an escrow? well there's a lot of things you can do in order to earn from cryptocurrency.

You can also buy and sell collectible goods or you can also invest in mining, staking or creating your own node. If you want you can resell cars, houses etc. as long as it's legal.

manggis97

member

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Crypto trading and bounty campaign is not profitable anymore like last year. Maybe you can try airdrop program and affiliate program.

SFR10

legendary

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Crypto Swap Exchange

Quote from: Bagaji on October 09, 2018, 09:44:17 PM

Apart from trading and participating in signature campaign is there any other lucrative ways in which one can make money that is less capital intensive in crypto currency?

Offer your service/s on "Services" and "Marketplace (Altcoins)", then simply charge the crypto-currency of your choice.

You can also try the following websites:

Quote from: SFR10 on April 10, 2018, 12:51:39 PM

1. XBTFreelancer
2. WorkingForBitcoins
3. cryptogrind
4. Coinality
5. Jobs4Bitcoins
6. BitGigs
7. Digiwave

Take note: Can't vouch for them (since I haven't used them).

Topic: Ways of making money in crypto currency - page 6. (Read 1326 times)