What are ways to make money from bitcoin/alt?

Leah38

full member

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Quote from: manifo1d on August 18, 2017, 02:20:54 PM

Quote from: Catmony on August 18, 2017, 02:06:36 PM

Why you missed trading on that list? I am in crypto trading for more than a year and making good amount of money with it. I am also investing in multiple coins during crowdfunding and holding them for atleast 6 months to get maximum profit out of it.

You need a lot of capital to get going on trading.

I started trading with ₱1,500 capital only. You don't need to have big capital to start trading especially if you're a newbie. Most probably you'll loose a lot of money. Maybe start small and when you get the hang of it you can add more money into trading. The bigger capital, then more profits. I may be lucky then coz I earned 35k from that small capital. Chose the right alts to trade. But honestly trading is a little hard for me now. You can see good coins dumped every now and then lol. Im focused on ICOs and bounties now. May earn a little, but little is better than earning nothing. Wink

Ararbermas

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Activity: 2016

Merit: 283

Quote from: Nfp on November 08, 2017, 12:44:35 AM

Signature campaigns is the safest and easiest way for making money from this forum. You just need to apply a signature campaigns, and follow their rules. You must read and understand all of their rules. Because you maybe terminated if you don't. And of course you have to make a good quality post for every post you do to be paid well.

yes thats true but according on my experience searching to get more profit here in forum I've notice that there are many ways on this forum to get profit in different ways. Such as trading, selling stuff, making escrow service and also if you have skill such as creating logo web site design and aslo social campaign like twitter, facebook. You can earn much profit also on that ways. But must have effort and skills.

steveabrahams

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Quote from: manifo1d on August 18, 2017, 10:45:25 AM

For example,

Lending

Selling online

Mining

List them here I am open to all and curious what creative ways you guys make money from this.

Holding your bitcoins, buy and invest your money into bitcoin right now before the hardfork next week come. After the hardfork finished, sell the coins and your bitcoins = profit.

Quote from: Catmony on August 18, 2017, 02:06:36 PM

Why you missed trading on that list?

Trading is good for them who is already experienced on it but it takes time for newbie to learn how to trade and how it works. If you have a huge bank, trading is good for you to make money.

Nfp

member

Activity: 168

Merit: 14

Quote from: manifo1d on August 18, 2017, 10:45:25 AM

For example,

Lending

Selling online

Mining

List them here I am open to all and curious what
creative ways you guys make money from this.

Signature campaigns is the safest and easiest way for making money from this forum. You just need to apply a signature campaigns, and follow their rules. You must read and understand all of their rules. Because you maybe terminated if you don't. And of course you have to make a good quality post for every post you do to be paid well.

black014

member

Activity: 84

Merit: 10

" SIMPLE BUT HARD WORKER"💪😁

for me aside of that Being a trader is also an effective way to earn a bitcoin currency. right? for LENDING i dont know how much giving you a profit, you can sell online also but it is very risky. cloud mining is the most popular site but most of them are scam so that i cant recommend it on you bro. stay away to that mining site many of here victimize by the scammer of that mining site.
The best way to make a big profit of bitcoin is to participate on signature campaign.

Ctn

sr. member

Activity: 644

Merit: 259

Quote from: manifo1d on August 18, 2017, 10:45:25 AM

For example,

Lending

Selling online

Mining

List them here I am open to all and curious what creative ways you guys make money from this.

Lending won't help you get any good money but fraud cases piling up on your head. Better choose this option only If you have security of the lending the money. Or you may just wanna do that with your friends circle for more trust.

Selling online is good option now a days. People are getting more and more into crypto currency and they are having demands for crypto related goods and services. They have money and if you make a place to spend the bitcoin/alts then you have pretty high chances of earning big money within no time. Just try to be sensible while creating a marketplace so that you don't end up with unpopular selling stuff. Digital would be good.

Mining can be done only if you have that much initial investment. Better not to go if you don't have patience and time to invest in the mining. It will take time to generate the revenue so better stay away if you have no money.

Rest you always have this forum to get some bucks and reinvest the hard earned money somewhere else.

gabbie2010

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Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Trading is one of the best way of making money from bitcoin/alt there are a lots of altcoins that are very much tradable and much profitable although this requires some expertise before embarking on such a venture I knew people who solely trade cryptocurrency for a living and are absolutely doing well.

manchester93

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Activity: 251

Merit: 257

Quote from: john2231 on August 19, 2017, 06:03:38 PM

Quote from: manchester93 on August 19, 2017, 05:38:17 PM

Quote from: djkyno on August 19, 2017, 10:25:56 AM

I think trading is one of the best methods to make money from bitcoin and altcoins. But it is not so easy, you need some knowledge about it, otherwise it is so risky. You can participate also in the Bounty campaigns and earn some tokens for free.

Most people will lose money trading. I lost quite a lot at first (both coins and dollars). Over time, I became a more consistently profitable trader, but it took a lot of patience and hard work. You need to be really patient holding altcoin bags. They are really illiquid and you can lose a lot of value instantly. It's important to learn how to patiently hold through such market action.

In trading patience is really important in trading if you really don't have this you will be lose a lot.. because there are times that other traders are panic selling once they heard some fake news or sometimes there are whales there are trying to manipulate the price..
So always choose the right altcoin before to invest because you will be lose if you are in the wrong altcoin but i think every traders should be experience of mistakes before they can learn more about trading. .

Altcoins are a dangerous game. To play and win the game, you need to research your investments deeply, feel out the developer teams you are supporting, and successfully speculate about future demand.

The worst thing you can do is put all your eggs in one basket. With alts, we are looking for 10x gains (or even 1000x), so it's best to spread out the risk. You don't want to pour all your money into an illiquid alt, because your funds can evaporate overnight in a selloff.

In that position, many traders will panic sell near the bottom and lose most of their investment.

MAbtc

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Quote from: Carmen_Sandiego on August 19, 2017, 06:11:30 PM

Quote from: manchester93 on August 19, 2017, 05:38:17 PM

Quote from: djkyno on August 19, 2017, 10:25:56 AM

I think trading is one of the best methods to make money from bitcoin and altcoins. But it is not so easy, you need some knowledge about it, otherwise it is so risky. You can participate also in the Bounty campaigns and earn some tokens for free.

Most people will lose money trading. I lost quite a lot at first (both coins and dollars). Over time, I became a more consistently profitable trader, but it took a lot of patience and hard work. You need to be really patient holding altcoin bags. They are really illiquid and you can lose a lot of value instantly. It's important to learn how to patiently hold through such market action.

It's not only in crypto. In the stock market most traders lose money too, at least that's what the statistics say. I think the best way to profit is holding. But it might be a good solution to use part of your portfolio to trade, if you really want to trade, and the other one investing and holding.

Yeah, the 80/20 rule generally applies to all forms of trading (and more broadly, to most statistical distributions). As with cryptocurrencies, the best way to profit from the stock market is holding as well (considering the ongoing long term bull market and stiff capital gains taxes).

Some people definitely have what it takes, though. As was mentioned, the most important aspect of trading is risk management. And managing risk properly means controlling your emotions and handling losses in stride. That's where most people fail IMO.

Milo_Kidd

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gotta make sure you are in a legit site in order not to be scammed. make a list of information that can assure of a legit cite. specially in investing.

Carmen_Sandiego

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Activity: 399

Merit: 250

Quote from: manchester93 on August 19, 2017, 05:38:17 PM

Quote from: djkyno on August 19, 2017, 10:25:56 AM

I think trading is one of the best methods to make money from bitcoin and altcoins. But it is not so easy, you need some knowledge about it, otherwise it is so risky. You can participate also in the Bounty campaigns and earn some tokens for free.

Most people will lose money trading. I lost quite a lot at first (both coins and dollars). Over time, I became a more consistently profitable trader, but it took a lot of patience and hard work. You need to be really patient holding altcoin bags. They are really illiquid and you can lose a lot of value instantly. It's important to learn how to patiently hold through such market action.

It's not only in crypto. In the stock market most traders lose money too, at least that's what the statistics say. I think the best way to profit is holding. But it might be a good solution to use part of your portfolio to trade, if you really want to trade, and the other one investing and holding.

john2231

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Activity: 924

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Quote from: manchester93 on August 19, 2017, 05:38:17 PM

Quote from: djkyno on August 19, 2017, 10:25:56 AM

I think trading is one of the best methods to make money from bitcoin and altcoins. But it is not so easy, you need some knowledge about it, otherwise it is so risky. You can participate also in the Bounty campaigns and earn some tokens for free.

Most people will lose money trading. I lost quite a lot at first (both coins and dollars). Over time, I became a more consistently profitable trader, but it took a lot of patience and hard work. You need to be really patient holding altcoin bags. They are really illiquid and you can lose a lot of value instantly. It's important to learn how to patiently hold through such market action.

In trading patience is really important in trading if you really don't have this you will be lose a lot.. because there are times that other traders are panic selling once they heard some fake news or sometimes there are whales there are trying to manipulate the price..
So always choose the right altcoin before to invest because you will be lose if you are in the wrong altcoin but i think every traders should be experience of mistakes before they can learn more about trading. .

manchester93

sr. member

Activity: 251

Merit: 257

Quote from: djkyno on August 19, 2017, 10:25:56 AM

I think trading is one of the best methods to make money from bitcoin and altcoins. But it is not so easy, you need some knowledge about it, otherwise it is so risky. You can participate also in the Bounty campaigns and earn some tokens for free.

Most people will lose money trading. I lost quite a lot at first (both coins and dollars). Over time, I became a more consistently profitable trader, but it took a lot of patience and hard work. You need to be really patient holding altcoin bags. They are really illiquid and you can lose a lot of value instantly. It's important to learn how to patiently hold through such market action.

mattermaster

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Activity: 476

Merit: 250

You can earn by trading bitcoins with alt coins. Other than this you can earn by selling any products,even your ideas as far as is working for people.

djkyno

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Activity: 798

Merit: 250

I think trading is one of the best methods to make money from bitcoin and altcoins. But it is not so easy, you need some knowledge about it, otherwise it is so risky. You can participate also in the Bounty campaigns and earn some tokens for free.

FLoving

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Activity: 1022

Merit: 521

Nowadays I experienced in investing in ICOs and from that experience I got that it is a very good investment of the crypto if you invest in the first week of the ICO because at the first week they give a high discount and when at the end of the ICO when they will list the coin at exchange then we will get a huge profit if we also cashout our discount.

You also have to invest in those ICOs which will have a high demand/use of the coin in the future in their project.

manchester93

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Activity: 251

Merit: 257

Quote from: Flep182 on August 18, 2017, 03:02:36 PM

Quote from: reflector on August 18, 2017, 02:02:13 PM

Selling products for bitcoin payment would be best option. You can get the profit for selling the concern items as well as payment you receive in bitcoin will also increase everyday.

That's basically what Overstock has been doing. Keeping a bit aside, which is a (relatively safe) gamble the coin will go up, so the margin is multiplied on this one sale.

Are they really doing that? It's been years, but a long time ago I made a purchase on Overstock with Bitcoin, and I thought they processed through Coinbase. So I assumed that they were just dumping for fiat, like most merchants. I guess the CEO is a big Bitcoin supporter, so I could see them keeping a small percentage. (It would have to be small, otherwise their shareholders wouldn't like the risk)

SokrieeE

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I think most members here use campaigns to earn profit plus trading or gambling or selling service i am planing to do campaigns and selling goods for bitcoin .

Pursuer

legendary

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Where is my ring of blades...

think of bitcoin as a currency like any other currency and that solves most of your unanswered questions in your mind. you can simply earn it the same way you earn money, by doing jobs. what job you do then depends on your skills and how much time you are willing to spend on it.

as for altcoins there are only two ways of making money from them and that is either mining or trading them. I prefer trading since the electricity cost of mining is high. but trading requires only your skills and an initial investment.

pawanjain

hero member

Activity: 2702

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Nothing lasts forever

There are many methods to make some money from bitcoin. These are some ;
Signature campaigns
Mining
Trading
Lending
Investing
Gambling
Faucets
Renting
Selling products
These are the most common ways of earning money.
There are also other ways in which you can earn money but you will have to do research and find it out yourself.

Topic: What are ways to make money from bitcoin/alt? (Read 912 times)