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Author Topic: Common methods to make money from crypto currency  (Read 2742 times)

Offline Gideon99

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Common methods to make money from crypto currency
« on: February 22, 2024, 11:00:44 PM »
One of the best and common methods form making money is HODLing which means "hold on for dear life." This process involve buying and holding crypto currency for a long period, with the hope of  price inflation or increase over time. Ànd way is call day trading buying and selling p2p  of crypto on a daily basis to take advantage of the short period price . Other way include staking, mining and yield farming."  Most common methods also involved "crypto lending." This process involve lending crypto to user in exchange for an interest payment. While some other platform give you the opportunity to lend your crypto and earn fix interest , same as banks. Note crypto lending there are risk involved, scammer and theft.
Another method from making money from crypto that's gaining popularity it's called "play to earn. These are crypto games where you can earn rewards by just completing tasks, battles win and milestones.
There are other ways which you can also gain from crypto, called "crypto faucets." These are website or apps where you can perform tasks like watching ads, taking surveys and get paid small amount of crypto. Have you ever use a crypto faucet? Well "Crypto airdrops." Are also involved when crypto project gives out free token to users, to promote a new project . You will receive airdrops by joining a project community and completing a certain task . It's very important to be careful of scammers before taking part in an airdrop make your research.
« Last Edit: February 22, 2024, 11:20:36 PM by Gideon99 »

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Common methods to make money from crypto currency
« on: February 22, 2024, 11:00:44 PM »

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Re: Common methods to make money from crypto currency
« Reply #1 on: February 23, 2024, 02:29:06 PM »

One of the best and common methods form making money is HODLing which means "hold on for dear life." This process involve buying and holding crypto currency for a long period, with the hope of  price inflation or increase over time.


Just like any other business, the cryptocurrency industry is getting wider and wider and the opportunities it is bringing are getting to be diversified so that right now we have a lot of choices on how we can grow our crypto portfolio - depending a lot on someone's taste for risks and inclination. There is no question that HODLING remains to be the safest way for many people to get into as long as the coins can be considered as safe and has a good potential for real growth - just like Bitcoin, Ethereum and the likes. Well, there are also new players and this is where one can be able to experience the 10x or even 100x return on investment but the risks can also fly high so due diligence and some prayers can be necessary. While hodling, one must not be enticed by other shining objects on the horizon letting the "weak hands" get under the way. I am sure many of us might have regretted the past when we let go of our favorite coin in exchange for another only to see the new one withered in value under the light. It happened to me and it was really sad as it could have been the best strategy for me to achieve financial freedom today.




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Re: Common methods to make money from crypto currency
« Reply #2 on: February 23, 2024, 03:21:22 PM »

Another method from making money from crypto that's gaining popularity it's called "play to earn. These are crypto games where you can earn rewards by just completing tasks, battles win and milestones.


This method is very simple and can refresh the brain from work fatigue, but I think not all crypto-based games are played for free if you want to get the benefits.
we take it from the Axie game which was popular at that time,
where to form a team you need capital so that the team is strong and productive,

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Re: Common methods to make money from crypto currency
« Reply #3 on: February 23, 2024, 03:44:31 PM »
OP, I'm not sure what you wanted to say here. Everything you stated is quite general and without any conclusion.
What is HODL? just like that, buy crypto and keep it, is that your proposal for making money? if I buy 0.1 BTC today and hold it for 4 years, how much BTC will I earn during that time?
Talking about "trading buying and selling p2p" seems to make it the simplest thing. Do you have any success in trading and can you share it with us?
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Re: Common methods to make money from crypto currency
« Reply #4 on: February 23, 2024, 06:33:27 PM »
OP, I'm not sure what you wanted to say here. Everything you stated is quite general and without any conclusion.
What is HODL? just like that, buy crypto and keep it, is that your proposal for making money? if I buy 0.1 BTC today and hold it for 4 years, how much BTC will I earn during that time?
Talking about "trading buying and selling p2p" seems to make it the simplest thing. Do you have any success in trading and can you share it with us?

I am also getting it twisted as you are but I do come to stabilized my self a bit to comprehend what op is say, sometimes when you invest $2000 into bitcoin at the price of $25k and the price soar to $50k don't you think the $2k can possible gives you $4k in return? Yes but his holding remains the same without any change rather the dollar equivalents changes, meaning he has gain money.

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Re: Common methods to make money from crypto currency
« Reply #5 on: February 23, 2024, 07:17:38 PM »
In crypto lending then i could say that it would be an easy profits since 10% is the usual interest as of today which its worth if you do have the capital to lend on,
but this is something that would be having some issues when it comes to risk factor which is really very high. If you do know on how to handle then
its just fine but expect that there would be those loan defaults.

As for play to earn then you could really be able to make yourself to make money but this one would really be requiring  that sufficient time for you to
deal up with these things. If you do then that would really be something worth to test on.

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Re: Common methods to make money from crypto currency
« Reply #6 on: February 23, 2024, 07:58:01 PM »
There is not only a single method to earn through Crypto but there are multiple of ways through which you can earn. I think one of the best way to earn money is through airdrops, the profit of which you can use for the purpose of investment.

Some people says that they have to earn money without using money but i think if you use money for crypto investment and hold your coin for long term then your chances of success will be increases. People should change their mind and they should think that now a days everything is not possible without using your own money so use the power of money to make your future fruitful.
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Re: Common methods to make money from crypto currency
« Reply #6 on: February 23, 2024, 07:58:01 PM »


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Re: Common methods to make money from crypto currency
« Reply #7 on: February 23, 2024, 09:25:34 PM »
One of the best and common methods form making money is HODLing which means "hold on for dear life." This process involve buying and holding crypto currency for a long period, with the hope of  price inflation or increase over time. Ànd way is call day trading buying and selling p2p  of crypto on a daily basis to take advantage of the short period price . Other way include staking, mining and yield farming."  Most common methods also involved "crypto lending." This process involve lending crypto to user in exchange for an interest payment. While some other platform give you the opportunity to lend your crypto and earn fix interest , same as banks. Note crypto lending there are risk involved, scammer and theft.
Another method from making money from crypto that's gaining popularity it's called "play to earn. These are crypto games where you can earn rewards by just completing tasks, battles win and milestones.
There are other ways which you can also gain from crypto, called "crypto faucets." These are website or apps where you can perform tasks like watching ads, taking surveys and get paid small amount of crypto. Have you ever use a crypto faucet? Well "Crypto airdrops." Are also involved when crypto project gives out free token to users, to promote a new project . You will receive airdrops by joining a project community and completing a certain task . It's very important to be careful of scammers before taking part in an airdrop make your research.

OP, you have done well by making this post available here to read, and I believe newbies that come into contact with this post of yours  will be able to gain a little knowledge from it. It would have been better if this post was well coordinated and itemized accordingly so that it does not look packed up, making it look like someone who does not care about their work.

All the means you have listed are good means to make money from crypto currency. Some would get you money in big ways if you invested a lot in them, and some are just like a drop of water on a daily basis, which would not be convenient for most people, but as a crypto enthusiast, patience is the key to your financial growth in crypto. I actually saw a poster here where an airdrop he did 3 years ago finally paid off as he got $2k from the sales. This came as a result of the fact that he exercised patience for such a long period of time and he finally made such an amount of money from the sale of the coin.
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Re: Common methods to make money from crypto currency
« Reply #8 on: February 23, 2024, 10:02:00 PM »
OP, I'm not sure what you wanted to say here. Everything you stated is quite general and without any conclusion.
What is HODL? just like that, buy crypto and keep it, is that your proposal for making money? if I buy 0.1 BTC today and hold it for 4 years, how much BTC will I earn during that time?
Talking about "trading buying and selling p2p" seems to make it the simplest thing. Do you have any success in trading and can you share it with us?
I was even thinking that he wanted to tell us new ways that one can use to make money from cryptocurrency untill when I read the content and I was disappointed. Because there is nothing new from the Op. Lolz! Op is advising us to buy and hodle cryptocurrency to make money. Well probably there some newbies that might not know all these so they might benefit from this and also the Op is also used  the thread to increase post and activity.

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Re: Common methods to make money from crypto currency
« Reply #9 on: February 23, 2024, 10:20:58 PM »
One of the best and common methods form making money is HODLing which means "hold on for dear life." This process involve buying and holding crypto currency for a long period, with the hope of  price inflation or increase over time.
Holding is indeed one of the most common and worth it ways to do when investing in crypto. However, there are several notes to consider when holding cryptocurrencies:

- What coins are held, make sure they are those that have the potential to last for the long term with significant increases.
example: Bitcoin, ETH, and perhaps other top coins.

- A safe place to store assets, make sure not to exchange them, especially non-popular exchanges which are very risky of closing or being scammed or hacked

- Use it with free money, in this case make sure that your money is not money that you want to use for various important things in the real world or real life.

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Re: Common methods to make money from crypto currency
« Reply #10 on: February 23, 2024, 10:38:28 PM »
OP, from everything you have said, the best rewarding methods in cryptocurrency is investing and holding for a long time.

The other ones that you have mentioned such as; play to earn, faucet, airdrops and crypto lending is not as rewarding as the first one. As a matter of fact, it's better to lend crypto on a decentralized system  via P2P than on Centralized exchange. If you are storing your crypto asset on CEX, you are putting you crypto asset at risk. Many airdrops are just worthless now. I have  not tried a Bitcoin faucet but I don't think it paying as before again.

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Re: Common methods to make money from crypto currency
« Reply #11 on: February 23, 2024, 11:19:03 PM »
OP, from everything you have said, the best rewarding methods in cryptocurrency is investing and holding for a long time.
These ways are the most common ways to gain money from crypto coins. But not every one can have the patience for holding the coins for a long time. Some people prefer to trade coins because they are afraid to hold coins for a long time. But I think it is no problem to trade if we have proper knowledge. OP only suggests some ways, but we may have other options. I honestly can't do investing only, I need to do trading as well.  :D

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Re: Common methods to make money from crypto currency
« Reply #12 on: February 24, 2024, 10:20:28 AM »
These ways are the most common ways to gain money from crypto coins. But not every one can have the patience for holding the coins for a long time. Some people prefer to trade coins because they are afraid to hold coins for a long time. But I think it is no problem to trade if we have proper knowledge. OP only suggests some ways, but we may have other options. I honestly can't do investing only, I need to do trading as well.  :D
I think to earn money from Cryptocurrency we all have to be more active and of course we have to be able to do several tasks at the same time, meaning, there are many ways that you can make extra money from cryptocurrency, one of which is short-term trading, participating in Bounty Campaign and Airdrop. For me, investing alone is not enough, as long as you have free time, do something that can produce more cryptocurrency.

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Re: Common methods to make money from crypto currency
« Reply #13 on: February 24, 2024, 12:13:35 PM »
There really is a wide variety of ways to make money from cryptocurrency aside from trading and hodling. The forums like BitcoinTalk and AltcoinTalks also has some perks that enables active and eligible members to earn decent amount of money through cryptocurrency campaigns. Some also offers services that utilizes skills that is being paid with crypto.

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Re: Common methods to make money from crypto currency
« Reply #14 on: February 24, 2024, 02:45:09 PM »
There really is a wide variety of ways to make money from cryptocurrency aside from trading and hodling. The forums like BitcoinTalk and AltcoinTalks also has some perks that enables active and eligible members to earn decent amount of money through cryptocurrency campaigns. Some also offers services that utilizes skills that is being paid with crypto.

Absolutely, skills can fetch one crypto currency as a means of payment for services rendered. If one can utilise the opportunity by making known his or her skills onboard both platforms, people in need of the service can contact them for negotiation after they reached an agreement, they do their work and get paid in the agreed crypto currency.
First, one should create a thread introducing his or her service.
State the procedures or process of engagement.
If possible includes his or her price tag.
A work portfolio can give one a good edge for marketing his or her services.
However, contributing to the growth of the platforms through posts, opinion and others can help one grow in ranks making them eligible for forum engagement such as signature campaign and other engagements that requires a high ranking member to take part in. If one is capable enough to handle situations on platforms, he or she could gain the recognition and possibly land them a good job on recommendations purposes.
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