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Author Topic: Trading is not the only way to make money. Here is why!  (Read 2742 times)

Offline Vx1

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Re: Trading is not the only way to make money. Here is why!
« Reply #60 on: May 13, 2024, 06:43:33 PM »
This can be obtained only for those who are patient and really serious in the field of cryptocurrencies, because in reality many people have entered into Cryptocurreny and then left after they suffered losses.
Or there are also many Airdrop hunters and Bounty hunters who give up, after doing so many Airdrop projects that don't produce results.
This is a fact and indeed many people think that earning money from cryptocurrency is easy at first, but after knowing that there are so many failures waiting for us, it changes their minds. They actually come just for the money, and leave at a loss because they don't know the basic science of cryptocurrency and also don't understand how cryptocurrency works fundamentally.

In fact, these people are just lazy to learn about it and underestimate cryptocurrency.
That's how it is, only people who are diligent and selected will be able to survive here. Studying cryptocurrencies is also not easy if we only rely on one option, the very rapid development of crypto requires us to surf more widely to get the latest information about crypto. Because if not we will just walk in place, and maybe we will be left behind by others.

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Re: Trading is not the only way to make money. Here is why!
« Reply #60 on: May 13, 2024, 06:43:33 PM »

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Offline Captain Corporate

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Re: Trading is not the only way to make money. Here is why!
« Reply #61 on: May 14, 2024, 12:33:19 AM »
Long term planning is the way to go without a doubt. If you could put aside even a small portion of your salary into bitcoin every month for 20 years, can you imagine how rich you will be? Nobody wants to wait 20 years to be wealthy but that is the most guaranteed way to make money. Obviously a lot of people will hate it, because they are too inpatient and that means they are going to sell beforehand, or try to get rich overnight with some x100 shitcoin that they risk. Just do what most people did to get rich and retire happy, invest into something way beforehand, and you will do fine on the long run.

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Re: Trading is not the only way to make money. Here is why!
« Reply #62 on: May 14, 2024, 02:39:11 PM »
Long term planning is the way to go without a doubt. If you could put aside even a small portion of your salary into bitcoin every month for 20 years, can you imagine how rich you will be? Nobody wants to wait 20 years to be wealthy but that is the most guaranteed way to make money. Obviously a lot of people will hate it, because they are too inpatient and that means they are going to sell beforehand, or try to get rich overnight with some x100 shitcoin that they risk. Just do what most people did to get rich and retire happy, invest into something way beforehand, and you will do fine on the long run.

Look, don't make me think about it
think I could have bought bitcoins at a time that cost $40 and I didn't
I was saving money for the wedding and I didn't feel like it
so I basically made two big mistakes, one after the other

Unfortunately, these are mistakes that we carry with us forever
you have to dare in life, if you don't take risks you will have nothing
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Offline Gurujebs

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Re: Trading is not the only way to make money. Here is why!
« Reply #63 on: May 14, 2024, 02:52:35 PM »
Look, don't make me think about it
think I could have bought bitcoins at a time that cost $40 and I didn't
I was saving money for the wedding and I didn't feel like it
so I basically made two big mistakes, one after the other

I'm not sure if doing wedding is a wromg thing, you did it anyway and I'm sure you are happy you did it. By the way, you don't have to blame yourself about not buying crypto when it was cheaper, if everyone knew that a day this kind of price will come, I'm sure many of us would have more than a bitcoin in our wallet today.

Quote
Unfortunately, these are mistakes that we carry with us forever
you have to dare in life, if you don't take risks you will have nothing

I'm skeptical why you didn't buy even when Bitcoin was trading around a thousand dollar, missing $40 should be a motivation to buy even higher. However, even though such opportunities are gone, there is gong to be one or who that will come to the market that will be worth buying, I have seen how project like Injective protocol did some months ago.
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Offline Dr.Bitcoin_Strange

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Re: Trading is not the only way to make money. Here is why!
« Reply #64 on: May 14, 2024, 03:49:24 PM »
In crypto there are different ways you can actually make money without taking much risk..ain't saying this is risk free but you know, it can't be compared when you force yourself trading and losing it all in one goal
You're right, every approach has its own risks involved, as long as it has to do with cryptocurrency. Different people have different perspectives of cryptocurrency and different ways and approaches that aligns with their goals and objectives, those who trade have their own reasons why they have chosen to become traders, those who HODL also have their own reasons for HODLing and those who also choose to Stake also have their personal reasons that influences their decision even after knowing of the other available options, maybe due to past experiences or what they've been told about the other options.
The most important point to note in all these is that every approach has its own risks involved, one person's risk tolerance level may not be the others, so everyone should choose and follow their own personal approach due to their risk tolerance level.

Offline Captain Corporate

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Re: Trading is not the only way to make money. Here is why!
« Reply #65 on: May 14, 2024, 07:51:39 PM »
The side ways of making money is still a method, doesn't mean that they are all amazing but it is not terrible neither. I think it is quite obvious that we are going to get some decent return if we keep grinding on those other methods as well. But I agree that by far the best method to make money is trading/investing, if you keep doing that then you are going to make a lot of money, or maybe you won't but yo would be on the right path. This means that as long asy ou do what you should be doing, and on that right path, you will get a better result eventually, you just need to get better at it.

Offline pacar_tiri

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Re: Trading is not the only way to make money. Here is why!
« Reply #66 on: May 15, 2024, 10:15:33 AM »
The side ways of making money is still a method, doesn't mean that they are all amazing but it is not terrible neither. I think it is quite obvious that we are going to get some decent return if we keep grinding on those other methods as well. But I agree that by far the best method to make money is trading/investing, if you keep doing that then you are going to make a lot of money, or maybe you won't but yo would be on the right path. This means that as long asy ou do what you should be doing, and on that right path, you will get a better result eventually, you just need to get better at it.
That's right, trading and investing can give us profits. However, it should be noted that we have to learn how to trade and invest correctly. We can use trading to earn money for our daily needs. Meanwhile, we can use investment to save long term.

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Re: Trading is not the only way to make money. Here is why!
« Reply #66 on: May 15, 2024, 10:15:33 AM »


Offline babo

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Re: Trading is not the only way to make money. Here is why!
« Reply #67 on: May 15, 2024, 10:49:42 AM »
It depends on what you want to do and how you want to do it
there are methods but everything has a risk, if you earn a lot, you risk a lot
I've seen methods that give you 15% APY but the best method so far has been my lending bot (now turned off) which gave 34% APY
I tried to sell/rent it without success
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Offline Aanuoluwatofunmi

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Re: Trading is not the only way to make money. Here is why!
« Reply #68 on: May 15, 2024, 04:55:38 PM »
There are different means through which we can make money from cryptocurrencies aside from doing trades, we need to explore more on the networks to know what and how we could best fit in for such opportunities in so many of these cryptocurrencies, also, we shouldn't think about other sources as being free from taking risk, if we must really make money, then we have to take risk.

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Re: Trading is not the only way to make money. Here is why!
« Reply #69 on: May 15, 2024, 09:25:12 PM »
That's right, trading and investing can give us profits. However, it should be noted that we have to learn how to trade and invest correctly. We can use trading to earn money for our daily needs. Meanwhile, we can use investment to save long term.

People are just in thought that trading will give them daily profit but this is not even guaranteed for an expert so how newbies can earn daily due to trading. Don't expect too much from trading because when our expectations do not come true then we cannot continue trading in an affordable way.

Investment can give us profit but it also requires learning but deep concentration is not needed in investment like that of trading. Daily profit is possible due to trading but just for a few times not for the whole life because trading is hazardous and is not sure about your success.
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Offline Captain Corporate

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Re: Trading is not the only way to make money. Here is why!
« Reply #70 on: May 15, 2024, 09:35:34 PM »
"I have missed my chance" is a wrong way of thinking about it. Wedding or not, it doesn't matter what you used it for, I have used it to help with medical emergency as well and don't have much to my name right now, I have been in the bitcoin world since April of 2013, which means that I could have been a millionaire by now easily, multiple chances as well and not just one. That doesn't mean that I should be regretting and not doing anything after that. It just means that you use that as a lesson learned, and try to look for long term approach and buy/hold bitcoin as long as you can, would be a lot better.

Offline SmartGold01

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Re: Trading is not the only way to make money. Here is why!
« Reply #71 on: May 15, 2024, 10:56:26 PM »
"I have missed my chance" is a wrong way of thinking about it. Wedding or not, it doesn't matter what you used it for, I have used it to help with medical emergency as well and don't have much to my name right now, I have been in the bitcoin world since April of 2013, which means that I could have been a millionaire by now easily, multiple chances as well and not just one. That doesn't mean that I should be regretting and not doing anything after that. It just means that you use that as a lesson learned, and try to look for long term approach and buy/hold bitcoin as long as you can, would be a lot better.
You know most times people don't know what they could be missing at the point of not following the crowd at the right time, we all knows about cryptocurrencies for long but since because weren't convinced enough about the development so we pay deft ears to it why because we think is something that would fail one day. What about me, as then I keep hearing about people talk about bitcoin but since I wasn't drawn closer to understand it very well I had to miss all my chances even as that I don't still fail to put interest after i have gotten to know about it.

 

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