Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: TomPluz on October 22, 2024, 03:57:11 AM
-
I would say that cryptocurrency has become like a goldmine and just like in the Wild Wild West there are big possible rewards, opportunities and of course, risks. Can we make good money in this emerging and expanding industry that has continued to get more popular everyday on a global scale?
Yes, we can! So share with me what are the many ways we can make money in here...and maybe get wealthy and be financially free soon.
I can think of some too. One, we can all buy good coins and hodl them for sometime and then sell when they can already be profitable and this has become the traditional way in here. Two, we can trade coins and tokens in different exchanges as good traders can certainly amass richness not seen anywhere else.
Please share what other ways you know or maybe even doing now...
-
There are tons of ways people get to make money through cryptocurrency. But the major ones you have listed above and some others deals more with trading. So yes, trading is one of the major method people make money from crypto. Some people whom are also good in airdrops and other bounty. Get rewarded from their participation. Some people work in the web 3 space as artist and many other things and then get paid in a long the way. The world of crypto is filled which many opportunities like I said so you just have to find which you know will make you money the most.
-
It's true that the crypto space is still a very much open avenue to making money and becoming financially independent. But in these current days, it's easier to succeed in the crypto space when you have a decent amount to start with, or should I say, when you already have some capital. In as much as acquiring knowledge, and studying, and doing other stuffs are very important, the most basic essential to starting crypto and hitting a massive height is by having a good amount to start with. In other sense, it's just like using money to make money.
Buying/hodling and trading are practically two ways of hitting a massive financial height in the crypto space, but we all know that those who purchase with greater amount or trade with greater amount makes a greater profit. The days when one can rely on airdrops are gradually fading due to the high numbers of shitty projects that we have these days.
So, whether it be buying/holding or trading, I feel the most important thing is having a decent amount to start with, and also enough to keep going. But as I said, knowledge(and maybe experience), is also a crucial part of it.
-
I would add staking and lending. These can be good choices for hodlers to increase their portfolio value in crypto without taking much risk, but they also come with their own risks since the service-provider platforms are centralized and can't be trusted with long-term plans.
Sticking with the traditional way of buying BTC and holding is the safest and can give decent returns but the returns on altcoins can't be matched only if the user has the potential to identify the right coins or even tokens before it hits the open market.
-
We can say that you can offered your services and be paid in crypto as well. We have seen that in BTT wherein there are some of our best signature creators. And then we have competitions as well like poster making or any other arts competitions.
Of course, Bitcoin prediction thread, there are a lot of casinos that offered this kind of predictions and if you are lucky then you can obviously win some here from this community and again on the other side of the fence.
-
I would add staking and lending. These can be good choices for hodlers to increase their portfolio value in crypto without taking much risk, but they also come with their own risks since the service-provider platforms are centralized and can't be trusted with long-term plans.
All methods that involve renouncing the ability to be in full control of our private keys are a big risk that, in my opinion, is not worth it. If you first say that there is no big risk, and then you say that there is still a risk, that doesn't really make sense, does it?
Sticking with the traditional way of buying BTC and holding is the safest and can give decent returns but the returns on altcoins can't be matched only if the user has the potential to identify the right coins or even tokens before it hits the open market.
Maybe it used to be like that, but today more people will decide to gamble with altcoins than to invest in BTC when it comes to only profit. Those who have other reasons to invest in BTC because they value BTC as a cryptocurrency and as a good hedge against inflation will not look at everything through the prism of price.
-
I would add staking and lending. These can be good choices for hodlers to increase their portfolio value in crypto without taking much risk, but they also come with their own risks since the service-provider platforms are centralized and can't be trusted with long-term plans.
All methods that involve renouncing the ability to be in full control of our private keys are a big risk that, in my opinion, is not worth it. If you first say that there is no big risk, and then you say that there is still a risk, that doesn't really make sense, does it?
Every investment comes with it's own risk, talking about the staking platforms it comes with the risk of losing our funds in case of rugpull or hack while there's no need to make added efforts like find the coins or trade the coins to increase the holdings meanwhile playing with altcoins comes with different and high risky compared to the staking.
The safest is to buy Bitcoin and HODL for years which can bring decent profits as I said but retail investors who comes with $1000 or $5000 can't double the value overnight but it's very much possible which shitcoins.
-
If we can see opportunities and identify one, then we are going to make effective use of it when we give the necessary attention and demands needed over it, sometimes it may also requires from us some additional tasks to do, which may include learning and developing some qualities, which may come in form of skills we may have to acquire, in other for us to develop and work till when in demand.
-
You can only make money in cryptocurrency if you have the knowledge and determination and have products or services that you can offer in the industry. In the olden days, the potential to make money was very limited, but now just about anything that you can think of, right now the biggest attraction is the Telegram Mini Application. You just need time and effort, and you can potentially hit it big if You find an airdrop with good potential.
Its important to be wiser than a hard worker in cryptocurrency because there are many scammers in every corner.
-
You have to be careful when you talk of making money through crypto, many people who are desperate to make money easily fall victim to scammers. I always say that crypto is not a get rich quick scheme, however, you can buy BTC with an amount you can afford to lose, and get some profit.
Take note that becoming wealthy is a whole different thing, if you are not an early adopter who probably mined BTC in the early days, i don't really see how you can become 'wealthy' through it now.
-
The first time I entered the crypto world was learning about trading, it made me very stressed because it was a very new thing. but in the end, when I met someone and learned a lot from him about crypto, I got to know the crypto forum, and learned various things related to bounties and airdrops at that time. but indeed, so far, for the most worthwhile to be in crypto without much capital, yes, this is the result of this signature campaign. but if you want to get more profit, but higher risk, trading is the answer. if not, at least short-term investment is usually one of my ways to consistently get profits and as input from crypto. and that's all there are still many other things that can be done, such as becoming a telegram mod which turns out to have a pretty good salary. ah crypto is so broad, unfortunately why do many people in my area still have a negative view of this space.
-
You have to be careful when you talk of making money through crypto, many people who are desperate to make money easily fall victim to scammers. I always say that crypto is not a get rich quick scheme, however, you can buy BTC with an amount you can afford to lose, and get some profit.
Take note that becoming wealthy is a whole different thing, if you are not an early adopter who probably mined BTC in the early days, i don't really see how you can become 'wealthy' through it now.
Still it's possible to become rich even today but I doubt it's possible being an investor but can be done via business for example CZ and Sam who became billionaire even though they entered in 2017 but they came up with the idea and there are tons of opportunities but it needs expertise in the particular field to excel in it.
-
~snip~
The safest is to buy Bitcoin and HODL for years which can bring decent profits as I said but retail investors who comes with $1000 or $5000 can't double the value overnight but it's very much possible which shitcoins.
Maybe they should think about trying gambling, because they can try to choose black/red on roulette and have a 50/50 chance of winning - which is a much easier way than investing in various crypto projects and waiting for months to finally get disappointed. The problem is that many people don't even have $1000 to invest in something, but are trying to make a profit with an investment of a few tens of dollars or maybe a few hundred. Less money usually means taking more risks.
Still it's possible to become rich even today but I doubt it's possible being an investor but can be done via business for example CZ and Sam who became billionaire even though they entered in 2017 but they came up with the idea and there are tons of opportunities but it needs expertise in the particular field to excel in it.
They are not very good examples of success, because one is in prison and serving a sentence of 25 years, and the other was recently released from prison only because he managed to settle with the authorities and pay over $4 billion in fines.
-
Still it's possible to become rich even today but I doubt it's possible being an investor but can be done via business for example CZ and Sam who became billionaire even though they entered in 2017 but they came up with the idea and there are tons of opportunities but it needs expertise in the particular field to excel in it.
They are not very good examples of success, because one is in prison and serving a sentence of 25 years, and the other was recently released from prison only because he managed to settle with the authorities and pay over $4 billion in fines.
Yeah, but still both of the names are known to people who don't even follow cryptos so I just given their names to say it's possible and even if they're not involved in money laundering they still became billionaires.
But my point is, it's not possible anymore to become actual rich with small capital by investing on Bitcoin so they need to come up with ideas to achieve that.
-
The first time I entered the crypto world was learning about trading, it made me very stressed because it was a very new thing. but in the end, when I met someone and learned a lot from him about crypto, I got to know the crypto forum, and learned various things related to bounties and airdrops at that time. but indeed, so far, for the most worthwhile to be in crypto without much capital, yes, this is the result of this signature campaign. but if you want to get more profit, but higher risk, trading is the answer. if not, at least short-term investment is usually one of my ways to consistently get profits and as input from crypto. and that's all there are still many other things that can be done, such as becoming a telegram mod which turns out to have a pretty good salary. ah crypto is so broad, unfortunately why do many people in my area still have a negative view of this space.
Humans tend to fear what they don't fully understand, but fortunately, once they do understand, they tend to become the strongest supporters. Saylor used to hate BTC but now he's a proponent, Blackrock used to deny the value of BTC but they're now publicly and strongly supporting it.
Crypto opens up many opportunities for various professions: trader, investor, bounty hunter/manager, translator, community manager, OTC, consultant, miner/staker... All can find suitable jobs in this market to earn additional income instead of hating crypto as a fraudulent asset. Governments are recognizing the value of BTC and crypto, and we don't need to go against this global trend ^^
-
You have to be careful when you talk of making money through crypto, many people who are desperate to make money easily fall victim to scammers. I always say that crypto is not a get rich quick scheme, however, you can buy BTC with an amount you can afford to lose, and get some profit.
Take note that becoming wealthy is a whole different thing, if you are not an early adopter who probably mined BTC in the early days, i don't really see how you can become 'wealthy' through it now.
You don't need to be an early adopter and miner to bscome wealthy through bitcoin. If you have a good source of income, you can start with buying every week for 10-20 years with consistency and persistent, you will surely get a good size of bitcoin and a good profit too. But will you be patient enough to sacrifice that long to build and grow your bitcoin investment. Buy and hodli and at the same time keep your bitcoin accumulation ongoing for long is the best.
-
Becoming a professional in the crypto field, such as becoming a data analyst or maybe becoming a marketing specialist in the crypto field, in my opinion, is still quite a good opportunity... usually people are not interested in making cryptocurrency their main job because they are afraid of speculating on its failure.. even though the crypto world still needs many competent people to be able to develop even faster...
Jobs like trading or participating in several campaigns, that's not wrong... but as the days go by, more and more people know about it and there is more competition... focusing on increasing your own value may be an important thing right now.
-
You can only make money in cryptocurrency if you have the knowledge and determination and have products or services that you can offer in the industry. In the olden days, the potential to make money was very limited, but now just about anything that you can think of, right now the biggest attraction is the Telegram Mini Application. You just need time and effort, and you can potentially hit it big if You find an airdrop with good potential.
Its important to be wiser than a hard worker in cryptocurrency because there are many scammers in every corner.
And how long does it have to take to find an airdrop with high potentials, how may more airdrops do you need to participate in, how many times do you have to be disappointed by those projects before you finally meet the one with potential? Your response started off quite well, but the point you mentioned about engaging in airdrops and finding the one with the good potentials was where I think you missed it. Everyday, different projects come into the sphere and almost of them give users the chance to earn free tokens via airdrops and bounties, and for someone who’s been around in the crypto space for a while, I believe you already know that most of these projects devs are only in the market for their own personal interest and not the interest of the community. Thus making it impossible to detect which project is real and which is just another pump and dump project as they’re all driven by hype
-
You can only make money in cryptocurrency if you have the knowledge and determination and have products or services that you can offer in the industry. In the olden days, the potential to make money was very limited, but now just about anything that you can think of, right now the biggest attraction is the Telegram Mini Application. You just need time and effort, and you can potentially hit it big if You find an airdrop with good potential.
Its important to be wiser than a hard worker in cryptocurrency because there are many scammers in every corner.
And how long does it have to take to find an airdrop with high potentials, how may more airdrops do you need to participate in, how many times do you have to be disappointed by those projects before you finally meet the one with potential? Your response started off quite well, but the point you mentioned about engaging in airdrops and finding the one with the good potentials was where I think you missed it. Everyday, different projects come into the sphere and almost of them give users the chance to earn free tokens via airdrops and bounties, and for someone who’s been around in the crypto space for a while, I believe you already know that most of these projects devs are only in the market for their own personal interest and not the interest of the community. Thus making it impossible to detect which project is real and which is just another pump and dump project as they’re all driven by hype
Airdrops doesn't really worth the effort, in the past if someone did 10 then atleast 3 or 4 of them will pay but these days if someone did 100 the chances of 1 even paying is very slip so on the whole we just waste our time by looking for free money.
Anything that we do without capital has less chance of giving returns that's why investment is the safest of all.
-
Yeah, but still both of the names are known to people who don't even follow cryptos so I just given their names to say it's possible and even if they're not involved in money laundering they still became billionaires.
They are billionaires precisely because they were involved in illegal things, if they were honest people, like the majority, they would work from 9-17 and have enough to live on.
But my point is, it's not possible anymore to become actual rich with small capital by investing on Bitcoin so they need to come up with ideas to achieve that.
If in 5 years BTC will be worth at least 5 times more than today, then for anyone who is young today and has a constant income, smart investing can result in a nice profit. Long-term investing (20+ years) as a pension supplement should definitely be considered for those who believe that BTC has a future.
-
Well, I had my time on Hive [1], it's blockchain based social media platform — you can blog, interact with people, use dapps, take part in giveaways/contests to earn money. I have my hive power delegated currently and I am not active as I once was but it's lively place to be, you can also join communities and have chat with like minded individuals. You also get 15% apr by putting HBD (stablecoin of Hive ecosystem) in savings.
Hive is one of underrated crypto platforms imho.
[1] https://hive.blog
Edit: Typo
-
Well, I had my time on Hive [1], it's blockchain based social media platform — you can blog, interact with people, use dapps, take part in giveaways/contests to earn money. I have my hive power delegated currently and I am not active as I once was but it's lively place to be, you can also join communities and have chat with like minded individuals. You also get 15% apr by putting HBD (stablecoin of give ecosystem) in savings.
Hive is one of underrated crypto platforms imho.
~snip
Had few experience with it, but it's token keeps declining in price. The hive's eco system looks very great. Well designed and a good way to earn because it has different social dapps that are interlink. but I think those who stake high(i.e those who have a higher number of powered up hives), tend to get more reward, or should I say, are those who are more exposed to earning more.
Delegating seems to also be another interesting way to earn, especially when you have a good number of hive token that you can delegate. So, I think someone can really enjoy the whole thing if he/she already has a good amount. Though there are also some opportunities for newbies as well, but not sure of how things works these days.
-
Airdrops doesn't really worth the effort, in the past if someone did 10 then atleast 3 or 4 of them will pay but these days if someone did 100 the chances of 1 even paying is very slip so on the whole we just waste our time by looking for free money.
Anything that we do without capital has less chance of giving returns that's why investment is the safest of all.
Worth it or not about airdrop actually depend kinds of airdrop you are participating, I think difference when have braveness dor joing retro airdrop by spending fees for swap, stake until bridge with large potential earn hundred until thousand dollar when reward diatribution.
Right now small profitable earn when joining free airdrop although still have fewest free airdrop keep worth it, but don't blame with airdrop because many top trader in cryptocurrenxy recently get much capital for trading from airdrop.
-
I can think of some too. One, we can all buy good coins and hodl them for sometime and then sell when they can already be profitable and this has become the traditional way in here. Two, we can trade coins and tokens in different exchanges as good traders can certainly amass richness not seen anywhere else.
Please share what other ways you know or maybe even doing now...
Another ways you can earn money from crypto is incentivise your coins that you hold. Instead of holding your coin, use it to stake and make more income in passive way but you have to be sure you are holding for long term and let it be during bear market, you will only enjoy holding of coin if you do that in such time.
Do airdrops, there is free airdrop where your time and money will be required and there are also airdrops you can farm using money. The choice is your to make, if you want the retroactive airdrops, the choics your to make and if you want the free, there is but make sure you do your own research.
-
There are lots of ways for earing from cryptocurrency without make any investment there is the first and most valuable way is selling your service like if you are pro and skillfully person in any sector like the Graphic design , Web design and development and Digital Marketing etc then you go on the sites where you can have announced that you are selling some services and if peoples are interested on you work then may they will make deal with you.
And there are some others way those are not good for always like airdrop campaign, Bounty campaign, Signature campaign and also some review campaign , contest.
-
The first time I entered the crypto world was learning about trading, it made me very stressed because it was a very new thing. but in the end, when I met someone and learned a lot from him about crypto, I got to know the crypto forum, and learned various things related to bounties and airdrops at that time. but indeed, so far, for the most worthwhile to be in crypto without much capital, yes, this is the result of this signature campaign. but if you want to get more profit, but higher risk, trading is the answer. if not, at least short-term investment is usually one of my ways to consistently get profits and as input from crypto. and that's all there are still many other things that can be done, such as becoming a telegram mod which turns out to have a pretty good salary. ah crypto is so broad, unfortunately why do many people in my area still have a negative view of this space.
Humans tend to fear what they don't fully understand, but fortunately, once they do understand, they tend to become the strongest supporters. Saylor used to hate BTC but now he's a proponent, Blackrock used to deny the value of BTC but they're now publicly and strongly supporting it.
Crypto opens up many opportunities for various professions: trader, investor, bounty hunter/manager, translator, community manager, OTC, consultant, miner/staker... All can find suitable jobs in this market to earn additional income instead of hating crypto as a fraudulent asset. Governments are recognizing the value of BTC and crypto, and we don't need to go against this global trend ^^
As long as we can make the previous bad experience into a very valuable lesson, and not make the next fatal mistakes that may be the same or almost the same, then we should be able to do it much wiser in the future. and not only that, being in a crypto forum community also provides various things and also very valuable lessons, because that's where we can really exchange ideas, discuss, and also give and get information related to crypto and various things in this business, this is very broad, and not only focused on trading matters that may be well-known in the crypto space. so, it is indeed much better to know our potential, what we can do and develop, then we just have to work according to what we can optimize, as much as possible.
-
Airdrops doesn't really worth the effort, in the past if someone did 10 then atleast 3 or 4 of them will pay but these days if someone did 100 the chances of 1 even paying is very slip so on the whole we just waste our time by looking for free money.
Anything that we do without capital has less chance of giving returns that's why investment is the safest of all.
Exactly my point, a lot has changed in the past years in the area of airdrops and bounties. A lot of projects are coming into the space everyday and they are making several kind of promises to the community which we already know that very few of them are willing or plan to keep those promises. Airdrop hunters are complaining everyday, just as you said, it’s very difficult to see 1 successful project out of 100 and at the end you just find out you e just wasted your time and effort chasing nothing but promises. This is has become the new routine and people are already getting used to it, well except for those who are still relatively new and inexperienced in crypto matters.
-
Exactly my point, a lot has changed in the past years in the area of airdrops and bounties. A lot of projects are coming into the space everyday and they are making several kind of promises to the community which we already know that very few of them are willing or plan to keep those promises.
The crypto space is now filled with a lot of scammers and scam projects. Yes of course I'll definitely mention this era of Airdrops where many people are still constantly taken advantage of to grow different social media platforms and in the end they are given dust as rewards. Or is it the scenario where crypto newbies are tricked into making huge investments in scam projects and pump and dump schemes.
I've come to understand that victims that arise in the crypto space are as a result of either greed or rushing with little or no understanding of the consequences. Like I always say the crypto space can either give you alot of money or also take alot of money from you it all depends on you .
-
I've come to understand that victims that arise in the crypto space are as a result of either greed or rushing with little or no understanding of the consequences. Like I always say the crypto space can either give you alot of money or also take alot of money from you it all depends on you .
I think what majorly causes newbies to fall into crypto scams is ignorance and not having the necessary knowledge, and then for people who have been around the crypto space for a while but still end up making those mistakes, we can say their decisions and actions were driven by greed, because for people who have been around the crypto space, he must’ve noticed, seen or even experienced the impact of these projects that promises so much reward, so there’s no reason other than greed that may be able to justify their actions other than greed.
-
I think what majorly causes newbies to fall into crypto scams is ignorance and not having the necessary knowledge, and then for people who have been around the crypto space for a while but still end up making those mistakes, we can say their decisions and actions were driven by greed, because for people who have been around the crypto space, he must’ve noticed, seen or even experienced the impact of these projects that promises so much reward, so there’s no reason other than greed that may be able to justify their actions other than greed.
Yes mostly newcomers to cryptocurrency lose money to scams because they do not know enough. Experienced investors who still make mistakes usually do so because they are greedy. Not knowing and being greedy can lead to big financial losses. To stay safe they should learn about cryptocurrency investing and research carefully and do not expect unrealistic profits. Experienced investors should watch out for warning signs and make smart decisions. Always stay informed and cautious to succeed in cryptocurrency.
-
You don't need to be an early adopter and miner to bscome wealthy through bitcoin. If you have a good source of income, you can start with buying every week for 10-20 years with consistency and persistent, you will surely get a good size of bitcoin and a good profit too.
Easier said than done, how much does the average person earn and how much would they have left after they have settled their bills and done everything they need to do with their earnings, so now how much BTC do you think they can then afford monthly.
I am not saying one cannot make good returns, i am saying becoming 'wealthy' is almost impossible, at least if the word 'wealthy' means the same thing to the both of us.
-
I am not saying one cannot make good returns, i am saying becoming 'wealthy' is almost impossible, at least if the word 'wealthy' means the same thing to the both of us.
Maybe everyone has their time for that, it's just that, what is experienced and the fate of people is indeed very different. with the same efforts, sometimes the results are quite different, especially in the crypto space, which is currently the most concerned at some points. In crypto, for me, I can also be said to have not experienced such great progress as turning only a few dollars to millions because of trading or other business in crypto, especially in meme coins, such as many other people here know are very successful in turning a few money into a big amount. But maybe because my efforts are only that limited, it means the results are also small or not as big as theirs. it's just that I am still grateful for the various benefits that I have received so far in crypto, because in any case crypto has helped many things for additional income for our family.
-
Yes mostly newcomers to cryptocurrency lose money to scams because they do not know enough. Experienced investors who still make mistakes usually do so because they are greedy. Not knowing and being greedy can lead to big financial losses. To stay safe they should learn about cryptocurrency investing and research carefully and do not expect unrealistic profits. Experienced investors should watch out for warning signs and make smart decisions. Always stay informed and cautious to succeed in cryptocurrency.
Another reason I believe that most likely causes heavy financial losses in the crypto market, both among newbies and experienced investors in the space is their inability to calculate the level of risk they can be able to take as an individual, this plays a vital role and influences the investor’s decision when investing. Many investors end up making this mistake without even realizing how much of a mistake they’re making. Some people take certain risks just because they see others taking the same level of risk and without actually calculating the impact of the risk on their end, they take the risk and when things goes wrong, it ends up causing them a lasting financial fatality.
-
Yes mostly newcomers to cryptocurrency lose money to scams because they do not know enough. Experienced investors who still make mistakes usually do so because they are greedy. Not knowing and being greedy can lead to big financial losses. To stay safe they should learn about cryptocurrency investing and research carefully and do not expect unrealistic profits. Experienced investors should watch out for warning signs and make smart decisions. Always stay informed and cautious to succeed in cryptocurrency.
Another reason I believe that most likely causes heavy financial losses in the crypto market, both among newbies and experienced investors in the space is their inability to calculate the level of risk they can be able to take as an individual, this plays a vital role and influences the investor’s decision when investing. Many investors end up making this mistake without even realizing how much of a mistake they’re making. Some people take certain risks just because they see others taking the same level of risk and without actually calculating the impact of the risk on their end, they take the risk and when things goes wrong, it ends up causing them a lasting financial fatality.
Well said, our individual involvement plays a capital role on if we are to be scammed or escape from becoming a victim. Not everything is to be learnt or discussed, sometimes we just have to depend on our moral rights and a lot calculative whether to be a part or avoid. Another concern is for investors trying to depend on luck, clearly they are aware of the risk involved but just eager to try out for some reason if actually they would be lucky at the time.
-
Well said, our individual involvement plays a capital role on if we are to be scammed or escape from becoming a victim. Not everything is to be learnt or discussed, sometimes we just have to depend on our moral rights and a lot calculative whether to be a part or avoid. Another concern is for investors trying to depend on luck, clearly they are aware of the risk involved but just eager to try out for some reason if actually they would be lucky at the time.
This mostly a gambler’s mindset. Although gambling and trading may clearly have lots of similarities, but pretty different in some ways too. Gambling requires less experience and skill and more of luck, while trading is quite the opposite, in trading, it’s of utmost importance to first know the basis of the market before entering, know the ins and the outs of the market and then have more of trading skills and experience, because at the end of the day your trading success depends more on your ability as a trader to tailor your own personal strategy and approach that works well for you and suits your risk tolerance level, rather than solely on luck. Applying the gambler’s strategy in trading would certain result to serious financial losses.
-
They are literally multiple ways to make money in this space, but one need discipline to be successful in them, most people usually rush into all this means without any proper ideas all how it work's (which is bad).
Some of these means are trading, investing (holding token for long-term profits), Airdrop farming , arbitrage etc. all these means are wonderful means one can use to earn money from this space , some requires one to have a capital, while some don't ( like airdroping) . But all need discipline to be successful in it though is not all about doing them is all about putting in the work .
-
There are many of them but they're mostly not stable at all unless you find a stable job that pays bitcoin or stable coins or any acceptable crypto. I have seen people that does airdrops for a living and I kid you not that they're surviving. Because what they do is whenever they earn money from the airdrops, they're investing it elsewhere and that money works for them. Staking is one of it and of course trading.
-
They are literally multiple ways to make money in this space, but one need discipline to be successful in them, most people usually rush into all this means without any proper ideas all how it work's (which is bad).
Some of these means are trading, investing (holding token for long-term profits), Airdrop farming , arbitrage etc. all these means are wonderful means one can use to earn money from this space , some requires one to have a capital, while some don't ( like airdroping) . But all need discipline to be successful in it though is not all about doing them is all about putting in the work .
Absolutely agree with you—discipline is key to success in the crypto space! It’s true that many dive in without fully understanding the strategies and end up making hasty moves. The variety of ways to earn, like trading, holding, airdrop farming, and arbitrage, each come with their own set of challenges and learning curves, and it’s essential to do the research and really commit to understanding each method.
I also like your analogy to the Wild West—it’s a fast-evolving space with a lot of potential, but it requires a solid foundation in knowledge and strategy to navigate well. Aside from what you mentioned, yield farming and staking could also be worth exploring for those looking to generate returns while holding assets.
In the end, putting in the work, staying informed, and having patience can make all the difference!
-
such as many other people here know are very successful in turning a few money into a big amount.
I am not saying that it is not possible, but it is unlikely and it is always good to set realistics goals and returns when you buy crypto or when you are trading. If you set realistic goals, you'll not be greedy and the chances of falling into the hands of scammers become slim to none. I am not pessimistic about making returns, i am just being realistic.
-
There are many of them but they're mostly not stable at all unless you find a stable job that pays bitcoin or stable coins or any acceptable crypto. I have seen people that does airdrops for a living and I kid you not that they're surviving. Because what they do is whenever they earn money from the airdrops, they're investing it elsewhere and that money works for them. Staking is one of it and of course trading.
Yesterday, grass airdrop 10% of the total supply which is worth $100m all to the people that farm the airdrop and the money people took home was massive. I saw them celebrating in their group chat. I wish I really knew about this airdrops task before now, I would have follow them and do it to because what some of them made is huge to start something.
Airdrops can give you something you don't expect, it can be huge and it can be small but the disadvantage of them is that you might not really know which one will pay better but it's better than not doing them at all.
-
Airdrops can give you something you don't expect, it can be huge and it can be small but the disadvantage of them is that you might not really know which one will pay better but it's better than not doing them at all.
Now how many airdrops can you do in search of the right one, there are so many of them, some are scams and most are a waste of time, you can do it for a long time without gaining anything. I know nothing about the airdrop you used as an example, but even if you know some people who made some money from it, they may have just been lucky, and that luck can be few and far between most times.
-
You don't need to be an early adopter and miner to bscome wealthy through bitcoin. If you have a good source of income, you can start with buying every week for 10-20 years with consistency and persistent, you will surely get a good size of bitcoin and a good profit too.
Easier said than done, how much does the average person earn and how much would they have left after they have settled their bills and done everything they need to do with their earnings, so now how much BTC do you think they can then afford monthly.
I am not saying one cannot make good returns, i am saying becoming 'wealthy' is almost impossible, at least if the word 'wealthy' means the same thing to the both of us.
You are right, because the quantity of bitcoin in your portfolio and the amount that your average bitcoin cost, is what will determine your profit in future. If you are an average income earner, it will be impossible for you to be wealthy in future with your bitcoin investment, but your bitcoin investment will only upgrade your financial status to the next level, if only you can accumulate your bitcoin to a good size and hodli overtime.
-
Absolutely agree with you—discipline is key to success in the crypto space! It’s true that many dive in without fully understanding the strategies and end up making hasty moves. The variety of ways to earn, like trading, holding, airdrop farming, and arbitrage, each come with their own set of challenges and learning curves, and it’s essential to do the research and really commit to understanding each method.
I also like your analogy to the Wild West—it’s a fast-evolving space with a lot of potential, but it requires a solid foundation in knowledge and strategy to navigate well. Aside from what you mentioned, yield farming and staking could also be worth exploring for those looking to generate returns while holding assets.
In the end, putting in the work, staying informed, and having patience can make all the difference!
Discipline is essential in crypto world. Impulsive decisions can lead to financial losses. Many investors rush in without understanding strategies and highlighting need for research. Crypto investing has different ways to earn money (trading and holding, airdrop farming and arbitrage) each with its challenges. Mastering these strategies helps navigate crypto successfully. Crypto space is like Wild West fast changing and full of potential but requiring knowledge. Other opportunities like yield farming and staking offer returns on investments. To succeed in crypto we need to work hard and keep learning and be patient.
-
Yes definitely you can earn crypto by trading. but you can also earn money by doing free air drops there's a lot of Web3 jobs available in this sector. If you do have the skill you may apply the desired position which you may fit. This platform allows you to navigate and show your skills in different projects. if you do have the skills you can definitely get a well salary job. if you research this market you can see that there is not lot enough qualified candidate to apply a desired post.
In this cryptospace everyday a lot of new projects are coming. they are introducing to their user free air drops to gather more community member and attract them to try their products. when I'm posting this now the telegram mini app is very trending and you can see that a lot of newbies joined cryptos newly.
You can a lot of way you have to decide which is convenient for you. Then go for that direction.
-
I got to know cryptocurrency when Bitcoin price reached 63,000 USD and I was interested in knowing how to get Bitcoin for free and it turned out that the steps to get Bitcoin were very difficult. I noticed many people trading, investing, airdrops, bounties, testnets and various ways to get Bitcoin.
Maybe I can only conclude for now that getting Bitcoin is very difficult unless you want to get altcoins, it is very easy and the risk is that altcoins are often scams.
-
I got to know cryptocurrency when Bitcoin price reached 63,000 USD and I was interested in knowing how to get Bitcoin for free and it turned out that the steps to get Bitcoin were very difficult. I noticed many people trading, investing, airdrops, bounties, testnets and various ways to get Bitcoin.
Maybe I can only conclude for now that getting Bitcoin is very difficult unless you want to get altcoins, it is very easy and the risk is that altcoins are often scams.
The most reliable ways to get Bitcoin for free is through mining, but like you said, it’s not something everyone can do, setting up a good mining equipment, plus the amount of power to consume, not everyone would have the luxury of going through such difficult process. Another way I believe people can earn free Bitcoin is through staking your BTC, some exchanges and establishments makes availability for people to stake their Bitcoin for a period and earn annual interests, although this may not completely be a very safe way to earn free Bitcoin due to the level of risk involved. Since you’re trusting your coin in someone’s hands.
The best and reliable way to earn Bitcoin is through gradual and steady buying using the DCA strategy, you can buy in sats and HODL for the long term while you allow it to grow overtime.
-
I got to know cryptocurrency when Bitcoin price reached 63,000 USD and I was interested in knowing how to get Bitcoin for free and it turned out that the steps to get Bitcoin were very difficult. I noticed many people trading, investing, airdrops, bounties, testnets and various ways to get Bitcoin.
Maybe I can only conclude for now that getting Bitcoin is very difficult unless you want to get altcoins, it is very easy and the risk is that altcoins are often scams.
The most reliable ways to get Bitcoin for free is through mining, but like you said, it’s not something everyone can do, setting up a good mining equipment, plus the amount of power to consume, not everyone would have the luxury of going through such difficult process. Another way I believe people can earn free Bitcoin is through staking your BTC, some exchanges and establishments makes availability for people to stake their Bitcoin for a period and earn annual interests, although this may not completely be a very safe way to earn free Bitcoin due to the level of risk involved. Since you’re trusting your coin in someone’s hands.
The best and reliable way to earn Bitcoin is through gradual and steady buying using the DCA strategy, you can buy in sats and HODL for the long term while you allow it to grow overtime.
I will summarize your statement as below:
- Mining Bitcoin
- Stake Bitcoin di Exchange
- DCA system
Of the three that you mentioned above, all of them are paid and use capital, while for my own capital I do not have money to buy Bitcoin. Many say that other members get Bitcoin from Bounty or Airdrop. But they also say that Bounty is now difficult and Airdrop also very rarely produces Bitcoin.
If I have capital and funds, I think I will use the method that you said is "Stake Bitcoin", I will prefer the local market to secure my assets and even better if the head office of the exchange is near my house.
-
I will summarize your statement as below:
- Mining Bitcoin
- Stake Bitcoin di Exchange
- DCA system
Of the three that you mentioned above, all of them are paid and use capital, while for my own capital I do not have money to buy Bitcoin. Many say that other members get Bitcoin from Bounty or Airdrop. But they also say that Bounty is now difficult and Airdrop also very rarely produces Bitcoin.
If I have capital and funds, I think I will use the method that you said is "Stake Bitcoin", I will prefer the local market to secure my assets and even better if the head office of the exchange is near my house.
Yeah right now, Bounties and Airdrops are currently the most difficult options to consider for people who wish to earn free crypto, because lots of fake and scam projects have flooded the crypto market, and with tons of them out there, it’s pretty difficult to tell which is for real and which is fake, you may end up participating in over 10s and 20s of airdrops and bounties and still end up getting nothing but disappointment and regret for wasting your precious time.
And, you really don’t have to wait till you have so much money before you can go into Bitcoin, if you’re working or have a stable income, you can set aside just a small sum to DCA, it’s just like saving money on a piggy bank or something, and if you continue consistently, you’d be pretty surprised with how much progress you’d make in the long run.
-
First of all, investment strategy should be kept in mind Investing in cryptocurrencies for the long term is an ideal strategy buying and holding one of several popular cryptocurrencies is a good strategy. Coins like bitcoin and ethereum are volatile in the short term but profitable in the long term.
On the other hand, you can earn money from crypto by working on various airdrops, bounties. Then there are social media platforms and many of those companies reward those who create and host content for them with the platform's native crypto coins.
There are also mining related strategies and currently the most discussed topic is the strategy of earning money from telegram tap tap game. If you practice some strategies to make money in crypto you will get good profit.
-
I will summarize your statement as below:
- Mining Bitcoin
- Stake Bitcoin di Exchange
- DCA system
Of the three that you mentioned above, all of them are paid and use capital, while for my own capital I do not have money to buy Bitcoin. Many say that other members get Bitcoin from Bounty or Airdrop. But they also say that Bounty is now difficult and Airdrop also very rarely produces Bitcoin.
If I have capital and funds, I think I will use the method that you said is "Stake Bitcoin", I will prefer the local market to secure my assets and even better if the head office of the exchange is near my house.
-
And, you really don’t have to wait till you have so much money before you can go into Bitcoin, if you’re working or have a stable income, you can set aside just a small sum to DCA, it’s just like saving money on a piggy bank or something, and if you continue consistently, you’d be pretty surprised with how much progress you’d make in the long run.
Unfortunately, to use this DCA system requires a stable income and this is very difficult for me because I only work as a private laborer whose daily income is uneven or uncertain. Unless maybe my job is stable and I get a flat salary every month then I can definitely do DCA to buy Bitcoin. It's also hard now because getting free Bitcoin is not easy and may be very different from a few years ago when Bitcoin was still cheap, with a nominal of 10 dollars you can get 10 Bitcoin.
-
Unfortunately, to use this DCA system requires a stable income and this is very difficult for me because I only work as a private laborer whose daily income is uneven or uncertain. Unless maybe my job is stable and I get a flat salary every month then I can definitely do DCA to buy Bitcoin. It's also hard now because getting free Bitcoin is not easy and may be very different from a few years ago when Bitcoin was still cheap, with a nominal of 10 dollars you can get 10 Bitcoin.
You’re right. You need a stable income source because you’ll need to first of set up an emergency or back up fund before you proceed into your Bitcoin accumulation journey, the reason for this backup fund is to, as the name implies, offer backup for your investment against future and subsequent emergencies that may likely arise in the future. Emergencies are inevitably part of the human lives and whether we like it or not, they’ll arise and we need to prepare for them. If we fail to set up a backup fund and proceed into Bitcoin accumulation, we’ll be forced to dip into our investment for financial support whenever these emergencies arise, and this is definitely bad for the growth of your investment.
-
Unfortunately, to use this DCA system requires a stable income and this is very difficult for me because I only work as a private laborer whose daily income is uneven or uncertain. Unless maybe my job is stable and I get a flat salary every month then I can definitely do DCA to buy Bitcoin. It's also hard now because getting free Bitcoin is not easy and may be very different from a few years ago when Bitcoin was still cheap, with a nominal of 10 dollars you can get 10 Bitcoin.
DCA doesn't really mean you need to have a stable source, you can have your money with you to buy Bitcoin but because the price is probably high, you might want to wait to buy if the price get lower. It's best you just buy small for that time and then keep the rest of the money when the price get lower because Bitcoin can't go up forever.
However, DCA is best suitable for long term, there is no way you can enjoy making money with DCA because you have to wait for any opportunity to buy Bitcoin and that retention time might be monthly even quarterly, this will make it longer time before you will get back your money you invested.
-
-snip-
Emergencies are inevitably part of the human lives and whether we like it or not, they’ll arise and we need to prepare for them. If we fail to set up a backup fund and proceed into Bitcoin accumulation, we’ll be forced to dip into our investment for financial support whenever these emergencies arise, and this is definitely bad for the growth of your investment.
Everything really has to be managed well about the reserve money you have, but of course it is not easy when the reserve money has run out to buy every accumulation that occurs.
The support of additional money will only be done when it is really in an emergency or when the price of the coin we are buying drops drastically.
But when I don't have any spare money or extra from my income, I won't buy it anymore.
I will just look at the market and pray that a reversal will happen soon.
It really takes funds to be used for such an emergency.
-
Everything really has to be managed well about the reserve money you have, but of course it is not easy when the reserve money has run out to buy every accumulation that occurs.
The support of additional money will only be done when it is really in an emergency or when the price of the coin we are buying drops drastically.
But when I don't have any spare money or extra from my income, I won't buy it anymore.
I will just look at the market and pray that a reversal will happen soon.
It really takes funds to be used for such an emergency.
When I say Emergency Fund, I'm talking about funds kept aside for emergency buys or unexpected dips (if that's what you're insinuating) I'm talking about money kept aside, not for investing or buying more Coin, but kept specifically to take care of real life emergencies, like paying for hospital bills, car repairs and other unexpected turn of events that may require immediate financial attention to avoid using money from your investment to sort out those emergencies, thereby providing back up for your investment. That's what I mean by backup or emergency fund.
-
~snip
DCA doesn't really mean you need to have a stable source, you can have your money with you to buy Bitcoin but because the price is probably high, you might want to wait to buy if the price get lower. It's best you just buy small for that time and then keep the rest of the money when the price get lower because Bitcoin can't go up forever.
It sounds like waiting to buy a dip, which is not a DCA strategy IMO. DCA simply means buying something with a fixed amount, and we all know how the market works in terms of volatility. The reason why I might not want to encourage waiting for a lower price is because it sometimes leaves us stranded in making decisions on the perfect time to buy. Even if someone gets a lower price, there would be an urge to wait for something lower than the lower price, which at the end.of the day, the person might fail to take a decisive step, and ends up spending the money.
However, DCA is best suitable for long term, there is no way you can enjoy making money with DCA because you have to wait for any opportunity to buy Bitcoin and that retention time might be monthly even quarterly, this will make it longer time before you will get back your money you invested.
Maybe this is why the stable income works well with it. As long as ones income keeps coming with no constraints, then it is suitable for long term. And again just like others have said, the most important thing is planning(management of income).
-
The Crypto world is a very large space and there are many ways of making money from it wether massively or little by little as the case may be.
The most popular way of making money is what OP stated which are; trading and Holding. But it's obvious that the trading is based on knowledge about market trends.. holding seems more friendly but one still have to comprehend what kind of asset worth holding.
Investing on presales is another medium of making money even massively but where the issue lies is to see a genuine project to invest on its presale.
It's certain that 95% projects presale price are far lesser than the listing price on Centralized Exchanges and those who were able to buy on presale are to increase their portfolio on listing.
Another is launchpool where users can stake a particular tokens which is mostly the native tokens of a certain Centralized Exchange or stable coins like USDT in order to earn new tokens entering the Crypto market for trading.
-
holding seems more friendly but one still have to comprehend what kind of asset worth holding.
That is true, so many people talk about holding and go on to hold just any coin, in the hopes that they will become rich through it. The truth is that only a few coins are worth holding, BTC and maybe one or two others, you might be lucky with new coins, but it is not smart to hold them for the long term.
-
Unfortunately, to use this DCA system requires a stable income and this is very difficult for me because I only work as a private laborer whose daily income is uneven or uncertain. Unless maybe my job is stable and I get a flat salary every month then I can definitely do DCA to buy Bitcoin. It's also hard now because getting free Bitcoin is not easy and may be very different from a few years ago when Bitcoin was still cheap, with a nominal of 10 dollars you can get 10 Bitcoin.
-
If we fail to set up a backup fund and proceed into Bitcoin accumulation, we’ll be forced to dip into our investment for financial support whenever these emergencies arise, and this is definitely bad for the growth of your investment.
As far as I know, something that is forced will not be able to provide beautiful memories or produce something profitable. In this life, if we work for real but are full of coercion, the results will certainly not be satisfying. For investing in Bitcoin, we also cannot force it with the funds we have and I also don't want to force myself to force buying Bitcoin for investment.
Unfortunately, to use this DCA system requires a stable income and this is very difficult for me because I only work as a private laborer whose daily income is uneven or uncertain. Unless maybe my job is stable and I get a flat salary every month then I can definitely do DCA to buy Bitcoin. It's also hard now because getting free Bitcoin is not easy and may be very different from a few years ago when Bitcoin was still cheap, with a nominal of 10 dollars you can get 10 Bitcoin.
-
However, DCA is best suitable for long term, there is no way you can enjoy making money with DCA because you have to wait for any opportunity to buy Bitcoin and that retention time might be monthly even quarterly, this will make it longer time before you will get back your money you invested.
As far as I know, DCA is also used by investors for long-term investment so that for investment in Bitcoin with the DCA system, everyone must know what the risks are. Although it will feel very long, it will certainly provide satisfactory results and profits because as far as I know, Bitcoin's supply is limited, while there are many enthusiasts.
-
As far as I know, DCA is also used by investors for long-term investment so that for investment in Bitcoin with the DCA system, everyone must know what the risks are.
Yeah, dca is a strategy used by long term investors, and the risk in terms of market or price volatility is low. I usually recommend dca to anyone who is just starting their BTC journey, there is no reason to by everything all at once, when you can buy slowly and still build up your portfolio.
-
Unfortunately, to use this DCA system requires a stable income and this is very difficult for me because I only work as a private laborer whose daily income is uneven or uncertain. Unless maybe my job is stable and I get a flat salary every month then I can definitely do DCA to buy Bitcoin. It's also hard now because getting free Bitcoin is not easy and may be very different from a few years ago when Bitcoin was still cheap, with a nominal of 10 dollars you can get 10 Bitcoin.
Nowadays, there's no such thing as "free lunch" already. What I'm saying is, there's no such thing as "free Bitcoin" right now because we're not in the years where faucets are big enough for us to get free tokens.
DCA is really hard for somebody that doesn't have a stable income "UNLESS" his income despite being unstable is more than enough to cover your monthly expenses plus you have spare money that you can use to invest into Bitcoin but aside from that, you will be having a hard time doing this strategy. If you really want to invest into Bitcoin, I guess this is the time for you to find a more stable job instead of being a private laborer. I'm not saying that your job isn't good especially if it feeds your family, but if your desire to buy Bitcoin is way bigger then maybe find a more stable job, or you can also stay as a private laborer, but find another income source. :)
Anyway, good luck with you and I hope you find a way to do DCA. :)
-
As far as I know, something that is forced will not be able to provide beautiful memories or produce something profitable. In this life, if we work for real but are full of coercion, the results will certainly not be satisfying. For investing in Bitcoin, we also cannot force it with the funds we have and I also don't want to force myself to force buying Bitcoin for investment.
Aggressive accumulation of Bitcoin could have disastrous effects on one's financial security as well as your financial goals, especially when the money you're using to invest was initially meant for something else or intended for short term use.
Bitcoin accumulation is well done with your discretionary income, because when you invest with your discretionary income, you can rest assured that you've attempted to other things that needs attention and thereby do not have to worry about investing with money meant for something else. And of course like I emphasized earlier, having a solid financial backup is also very important, it's just as important as the investment itself.
So yes, Bitcoin accumulation isn't something you rush into, it's something you plan for and put several things into adequate consideration too before beginning your accumulation journey because that's a long term journey and should be adequately prepared for.
-
As far as I know, DCA is also used by investors for long-term investment so that for investment in Bitcoin with the DCA system, everyone must know what the risks are.
-
I usually recommend dca to anyone who is just starting their BTC journey,
-
Besides Bitcoin, does this DCA also apply to Ethereum coin purchases? This is just a comparison.
Unfortunately, to use this DCA system requires a stable income and this is very difficult for me because I only work as a private laborer whose daily income is uneven or uncertain. Unless maybe my job is stable and I get a flat salary every month then I can definitely do DCA to buy Bitcoin. It's also hard now because getting free Bitcoin is not easy and may be very different from a few years ago when Bitcoin was still cheap, with a nominal of 10 dollars you can get 10 Bitcoin.
Nowadays, there's no such thing as "free lunch" already. What I'm saying is, there's no such thing as "free Bitcoin" right now because we're not in the years where faucets are big enough for us to get free tokens.
Your story is exactly like what is happening in my current life. Nothing is free and even to sleep we have to pay unless maybe I become homeless on the streets.
DCA is really hard for somebody that doesn't have a stable income "UNLESS" his income despite being unstable is more than enough to cover your monthly expenses plus you have spare money that you can use to invest into Bitcoin but aside from that, you will be having a hard time doing this strategy. If you really want to invest into Bitcoin, I guess this is the time for you to find a more stable job instead of being a private laborer. I'm not saying that your job isn't good especially if it feeds your family, but if your desire to buy Bitcoin is way bigger then maybe find a more stable job, or you can also stay as a private laborer, but find another income source. :)
-
That's true, it seems like it would be very difficult for me to do DCA every month, let alone every week. Unless maybe I get an inheritance from my parents worth hundreds of thousands of dollars but unfortunately my parents are not from the rich family either.
And there is one more thing, which is finding treasure, maybe when I walk in the forest and find 1kg of gold then if that happens I will definitely keep 1/2 of the gold and the other 1/2 I will buy Bitcoin. This is only my imaginations.
As far as I know, something that is forced will not be able to provide beautiful memories or produce something profitable. In this life, if we work for real but are full of coercion, the results will certainly not be satisfying. For investing in Bitcoin, we also cannot force it with the funds we have and I also don't want to force myself to force buying Bitcoin for investment.
-
So yes, Bitcoin accumulation isn't something you rush into, it's something you plan for and put several things into adequate consideration too before beginning your accumulation journey because that's a long term journey and should be adequately prepared for.
I also think the same because investment must be with a calm mind and a wise soul because once the price of the BTC I bought goes down, the USD estimate will also go down. While for daily needs, the price goes up. DCA for the long term in Bitcoin is not easy because it must be done with a mature mind.
-
So yes, Bitcoin accumulation isn't something you rush into, it's something you plan for and put several things into adequate consideration too before beginning your accumulation journey because that's a long term journey and should be adequately prepared for.
Actually accumulating Bitcoin is very much in Crypto and this is precisely the most dominating in Crypto Space related to investment. It's just possible for the method used so as not to make stress or depressed so much great because of the desire for this accumulation. And moreover, the accumulation of bitcoin at a time that might not be right can also be able to go on a few things. To be sure, the accumulation of bitcoin can be done by applying DCA consistently, that is if indeed we can really spend the funds free for Bitcoin investment.
-
To be sure, the accumulation of bitcoin can be done by applying DCA consistently, that is if indeed we can really spend the funds free for Bitcoin investment.
People should simply choose what works for them, based on their realities in real life. As for BTC, it has its utilities and you are sure that it is not a pump and dump coin, so you can buy with any strategy you like, just be patient and ready to hold your coins for the long term, and you are certainly going to make returns.
-
DCA is really hard for somebody that doesn't have a stable income "UNLESS" his income despite being unstable is more than enough to cover your monthly expenses plus you have spare money that you can use to invest into Bitcoin but aside from that, you will be having a hard time doing this strategy. If you really want to invest into Bitcoin, I guess this is the time for you to find a more stable job instead of being a private laborer. I'm not saying that your job isn't good especially if it feeds your family, but if your desire to buy Bitcoin is way bigger then maybe find a more stable job, or you can also stay as a private laborer, but find another income source. :)
-
That's true, it seems like it would be very difficult for me to do DCA every month, let alone every week. Unless maybe I get an inheritance from my parents worth hundreds of thousands of dollars but unfortunately my parents are not from the rich family either.
And there is one more thing, which is finding treasure, maybe when I walk in the forest and find 1kg of gold then if that happens I will definitely keep 1/2 of the gold and the other 1/2 I will buy Bitcoin. This is only my imaginations.
Always think that we are living in a cruel world where nobody will help you except you yourself. If you will not do everything, you will not get what you wanted. Don't imagine something that you don't even have in real life.
Inheritance? You already said that you're family aren't rich as well. Finding treasure? Going to the forest and find 1KG of Gold? Your chances of getting that would be higher if you will go to a river and do what gold miners are doing there. Imaginations will remain as imaginations unless you do something. This might be harsh on your part, but I would suggest that you should get another income source. :) That's for your own sake as well if you really want to do DCA with Bitcoin.
-
I also think the same because investment must be with a calm mind and a wise soul because once the price of the BTC I bought goes down, the USD estimate will also go down. While for daily needs, the price goes up. DCA for the long term in Bitcoin is not easy because it must be done with a mature mind.
That’s very true, and that’s the exact reason why people must always prepare for it adequately. It’s just like starting a long term project, like building a house or maybe a new business in a totally new location, it requires lots of adequate planning, patience and consistency in order to achieve success, and this is something that requires a mature mind as you’ve rightly said.
With the right preparation and the right mindset, DCA is very much achievable in most easiest ways, you just need to know what to do, when to do it and how to do it, and every other thing becomes secondary
-
This might be harsh on your part, but I would suggest that you should get another income source. :) That's for your own sake as well if you really want to do DCA with Bitcoin.
Some people may consider it to be harsh, but i think it is just the truth and sometimes people find the truth bitter or harsh. To accumulate BTC, one must have a source of income or a certain skill they can offer to people and get paid in BTC. It is not as simple as saying you want to accumulate BTC, do you have the wherewithal to do so?
-
DCA is really hard for somebody that doesn't have a stable income "UNLESS" his income despite being unstable is more than enough to cover your monthly expenses plus you have spare money that you can use to invest into Bitcoin but aside from that, you will be having a hard time doing this strategy. If you really want to invest into Bitcoin, I guess this is the time for you to find a more stable job instead of being a private laborer. I'm not saying that your job isn't good especially if it feeds your family, but if your desire to buy Bitcoin is way bigger then maybe find a more stable job, or you can also stay as a private laborer, but find another income source. :)
-
That's true, it seems like it would be very difficult for me to do DCA every month, let alone every week. Unless maybe I get an inheritance from my parents worth hundreds of thousands of dollars but unfortunately my parents are not from the rich family either.
And there is one more thing, which is finding treasure, maybe when I walk in the forest and find 1kg of gold then if that happens I will definitely keep 1/2 of the gold and the other 1/2 I will buy Bitcoin. This is only my imaginations.
-
Inheritance? You already said that you're family aren't rich as well.
That's why I said that I was in a difficult position to use the DCA method to buy Bitcoin from inheritance.
Finding treasure? Going to the forest and find 1KG of Gold? Your chances of getting that would be higher if you will go to a river and do what gold miners are doing there.
*https://www.youtube.com/results?search_query=find+gold+from+river* , Maybe that's how it will be because your advice could make me determined to find gold in the river. I saw the video on Youtube that it seems very easy to find gold in the river.
Imaginations will remain as imaginations unless you do something. This might be harsh on your part, but I would suggest that you should get another income source. :)
-
No problem my friend, I prefer to get advice from people who are experienced in various fields including in buying Bitcoin. Unfortunately I only focus on finding capital to buy Bitcoin, if only I had a lot of money I would have gradually bought Bitcoin easily.
I also think the same because investment must be with a calm mind and a wise soul because once the price of the BTC I bought goes down, the USD estimate will also go down. While for daily needs, the price goes up. DCA for the long term in Bitcoin is not easy because it must be done with a mature mind.
-
With the right preparation and the right mindset, DCA is very much achievable in most easiest ways, you just need to know what to do, when to do it and how to do it, and every other thing becomes secondary
Unfortunately, I keep focusing on my capital problem because I don't have a fixed income every month. I also feel that DCA is suitable for me if I want to invest in Bitcoin because I pay it in installments every week or month but unfortunately I don't have the funds. My focus now is to find the funds because with the funds I can use the DCA method to buy Bitcoin.
-
When I say Emergency Fund, I'm talking about funds kept aside for emergency buys or unexpected dips (if that's what you're insinuating) I'm talking about money kept aside, not for investing or buying more Coin, but kept specifically to take care of real life emergencies, like paying for hospital bills, car repairs and other unexpected turn of events that may require immediate financial attention to avoid using money from your investment to sort out those emergencies, thereby providing back up for your investment. That's what I mean by backup or emergency fund.
If that's what you mean by an emergency fund, then the funds should not be used for investments and only for emergencies in your life.
I said that reserve funds are only limited to investment and I distinguish between money for investment and money for living needs.
Good management will manage everything and an investment will not interfere with finances for real life.
But there are still many people who have no limits and end up using emergency funds to enter coins as investments, but the need for their lives is ignored, this will make the investment not go as planned when the needs of life are very urgent.
-
Unfortunately, I keep focusing on my capital problem because I don't have a fixed income every month. I also feel that DCA is suitable for me if I want to invest in Bitcoin because I pay it in installments every week or month but unfortunately I don't have the funds. My focus now is to find the funds because with the funds I can use the DCA method to buy Bitcoin.
It can indeed be rather overwhelming to invest in Bitcoin using the DCA or any other strategy without an Income source (fixed or not) or a sustainable alternative, since it’ll require you to regularly invest or buy a specific amount at a particular interval and especially when you’re still focusing on your capital problem or undergoing some sort of financial emergency. You’re right to want to first adequately prepare yourself before embarking on your accumulation journey because this should be like your future investment, so requires adequate planning in order to sustain it for the long term as intended.
-
Unfortunately, I keep focusing on my capital problem because I don't have a fixed income every month. I also feel that DCA is suitable for me if I want to invest in Bitcoin because I pay it in installments every week or month but unfortunately I don't have the funds. My focus now is to find the funds because with the funds I can use the DCA method to buy Bitcoin.
It can indeed be rather overwhelming to invest in Bitcoin using the DCA or any other strategy without an Income source (fixed or not) or a sustainable alternative,
-
Unless maybe I work as an office worker or I have a job in the government which usually in my place I work like that I get a salary every month. With that monthly salary I definitely have the opportunity to use the DCA method, maybe I will take 5% of my total salary to buy Bitcoin. The rest of the 5% of my total salary I will deposit into the local market to buy Bitcoin and I also have to be careful because the market in my local area is very extreme and many are not trusted.
-
Unless maybe I work as an office worker or I have a job in the government which usually in my place I work like that I get a salary every month. With that monthly salary I definitely have the opportunity to use the DCA method, maybe I will take 5% of my total salary to buy Bitcoin. The rest of the 5% of my total salary I will deposit into the local market to buy Bitcoin and I also have to be careful because the market in my local area is very extreme and many are not trusted.
Rather going to your local market to buy the bitcoin, you can just consider doing so from a reputable exchange, there are lots of reputable exchanges where you can make use of their P2P services or even buy with your bank card, depending on the country you’re from and how the regulations there apply to Bitcoin purchase and trading. But if your country supports bitcoin then surely you can easily buy bitcoin with your bank card through a reputable exchange. I believe that would be a lot more convenient and more secure than going to your local market to do so.
-
I also have to be careful because the market in my local area is very extreme and many are not trusted.
If you don't trust anyone in your local area to buy Bitcoin then avoid them I'm sure it's not the only option to buy BTC in your area how about Bitcoin ATM? We have a map for BTC ATM here https://coinatmradar.com/
Try to check it and maybe there's a Bitcoin ATM near your area.
Optional: If it is possible to buy BTC with a bank, that is also a good option because if you buy BTC from an untrustworthy BTC seller in your area, I believe you can request a dispute and reverse the transaction if the seller scams.
-
~snip
Rather going to your local market to buy the bitcoin, you can just consider doing so from a reputable exchange, there are lots of reputable exchanges where you can make use of their P2P services or even buy with your bank card, depending on the country you’re from and how the regulations there apply to Bitcoin purchase and trading. But if your country supports bitcoin then surely you can easily buy bitcoin with your bank card through a reputable exchange. I believe that would be a lot more convenient and more secure than going to your local market to do so.
I was wondering what he meant by local market until I read through your reply above. Personally, I am not a fan of local market/physical trading. It's quite risky if you ask me. In my country, making crypto payment to banks can be very difficult because if they happen to find out, your account might get frozen. But we've managed to learn ways to avoid such problems, so I believe that whatever laws that's on ground against Bitcoin in @Report's country, there should be a way out, or rather an alternative. A simple use of p2p on exchanges from the comfort his home is for his own safety.
-
Some people may consider it to be harsh, but i think it is just the truth and sometimes people find the truth bitter or harsh. To accumulate BTC, one must have a source of income or a certain skill they can offer to people and get paid in BTC. It is not as simple as saying you want to accumulate BTC, do you have the wherewithal to do so?
The truth is bitter because that shit hit differently. Everybody want buy and hold Bitcoin but not everyone has the means to do so. There is no way you can hold Bitcoin if you don't have a source of income and even if you do have a source of income and you buy, if your problem is bigger than your source of income, you will sell it when there is need for money.
There are many challenges been a Bitcoin holder, you may even have the means to buy it and not having the problem that will result to selling it but you might not be a diamond hand, a small market correction can trigger you to selling it.
-
I was wondering what he meant by local market until I read through your reply above. Personally, I am not a fan of local market/physical trading. It's quite risky if you ask me. In my country, making crypto payment to banks can be very difficult because if they happen to find out, your account might get frozen. But we've managed to learn ways to avoid such problems, so I believe that whatever laws that's on ground against Bitcoin in @Report's country, there should be a way out, or rather an alternative. A simple use of p2p on exchanges from the comfort his home is for his own safety.
I guess what he means is local exchange, its rare to have a physical trading or physical office's exchange for bitcoin. Rates in local exchanges are much higher than those foreign/intl. exchange, but p2p is much better indeed since it has lots of options depends on the platform too.
-
First of all what talent you have to render to people to get paid. AB de Royse777 had said some the ways to make money in the cryptocurrency space in bitcointalk forum and I can still remember some, which he said if you are a developer, you can make money from creating a cryptocurrency project and launch it. Be a coin project or and exchange project. And if you are a graphic designer then you can design some art works either in competitions/contest with other and if you win, you will be paid. Then website designing.
And finally if you are good writer of articles and good poster then you be hired to write things and also be hired to participate in bounties and campaigns.
-
Unless maybe I work as an office worker or I have a job in the government which usually in my place I work like that I get a salary every month. With that monthly salary I definitely have the opportunity to use the DCA method, maybe I will take 5% of my total salary to buy Bitcoin. The rest of the 5% of my total salary I will deposit into the local market to buy Bitcoin and I also have to be careful because the market in my local area is very extreme and many are not trusted.
Rather going to your local market to buy the bitcoin, you can just consider doing so from a reputable exchange, there are lots of reputable exchanges where you can make use of their P2P services or even buy with your bank card, depending on the country you’re from and how the regulations there apply to Bitcoin purchase and trading. But if your country supports bitcoin then surely you can easily buy bitcoin with your bank card through a reputable exchange. I believe that would be a lot more convenient and more secure than going to your local market to do so.
Sometimes there are many considerations that must be made when buying bitcoins, because it is clear that the price is very expensive, so it takes high trust in making transactions and some trust local exchanges, but not a few also trust international exchanges. Once again, all decisions are very important before they are actually carried out to avoid any problems that will occur.
The issue of whether the country supports it or not will certainly also affect what will be done. If the country can accept it, then there is no problem. In fact, those who do not recognize it and are only allowed in trading or others will certainly have obstacles that must also be considered.
-
I guess what he means is local exchange, its rare to have a physical trading or physical office's exchange for bitcoin.
I'm not really sure about that physical exchange thing but surely there used to be physical exchange of Bitcoin sometime if I remember correctly. It was I believe localbitcoins where users could easily buy Bitcoin with cash and that's somehow very close to physical trading if I'm not wrong.
-
If you are a developer, you can make money from creating a cryptocurrency project and launch it. Be a coin project or and exchange project.
You make it sound too simple. It takes huge amount of efforts to get coin or exchange platform a success, and when you look at currently successful coins or exchange platforms, you see it's combined team effort of various professionals (graphic designers, customer support, legal etc) to make it a success, and not a single developer.
-
Sometimes there are many considerations that must be made when buying bitcoins, because it is clear that the price is very expensive, so it takes high trust in making transactions and some trust local exchanges, but not a few also trust international exchanges. Once again, all decisions are very important before they are actually carried out to avoid any problems that will occur.
The issue of whether the country supports it or not will certainly also affect what will be done. If the country can accept it, then there is no problem. In fact, those who do not recognize it and are only allowed in trading or others will certainly have obstacles that must also be considered.
You have made some important points about buying bitcoins. High price means you need to be careful and trust exchange whether it is local or international. Think carefully before making any decisions to avoid problems. Also consider your country laws about bitcoin. If your country allows it buying bitcoin is easier. But if it is restricted or only allowed for trading you will face many problems. By thinking carefully you can navigate bitcoin market with confidence.
-
I was wondering what he meant by local market until I read through your reply above. Personally, I am not a fan of local market/physical trading. It's quite risky if you ask me. In my country, making crypto payment to banks can be very difficult because if they happen to find out, your account might get frozen. But we've managed to learn ways to avoid such problems, so I believe that whatever laws that's on ground against Bitcoin in @Report's country, there should be a way out, or rather an alternative. A simple use of p2p on exchanges from the comfort his home is for his own safety.
Indeed. When it comes to Bitcoin, every country has its own policies which they believe is best for them, for those that believe that Bitcoin is good for their economy and country, they have very flexible regulations that makes it easier for people to access bitcoin without much effort. And for those government that sees Bitcoin as a threat, it's not really the case in such countries. And it happens to be that in such countries where the regulations are not flexible, some people seize the opportunity to defraud people by claiming to offer such services to people and if you're not careful, you get defrauded and lose your funds.
Some time ago, I saw a news where a 19 year old boy met with a buyer in a physical location, and he ended up receiving the beating of his life and also lost all his Bitcoin. That's a good example of why people should never consider the option of meeting people to trade, except of course, the person is well trusted, otherwise it's a total NO.
-
I would say that cryptocurrency has become like a goldmine and just like in the Wild Wild West there are big possible rewards, opportunities and of course, risks. Can we make good money in this emerging and expanding industry that has continued to get more popular everyday on a global scale?
Yes, we can! So share with me what are the many ways we can make money in here...and maybe get wealthy and be financially free soon.
I can think of some too. One, we can all buy good coins and hodl them for sometime and then sell when they can already be profitable and this has become the traditional way in here. Two, we can trade coins and tokens in different exchanges as good traders can certainly amass richness not seen anywhere else.
Please share what other ways you know or maybe even doing now...
These two ways are pretty the obvious and normal ways to make money and almost every investors or traders start their journey from these methods but those who lack the capital and don't have the facility to easily buy the USDTs they prefer to join some airdrops and reward based systems from where they can get some real tokens with some value and then by selling them they can get enough capital to start their investment and trading journey in crypto.
I did the same, I joined bounties, signature and airdrops along with investments in crypto tokens and that's how I started my journey in here and earning but this path is very time consuming because I have to avoid other ways like staking, and liquidity adding ways because I think those ways are not right ways.
-
If you are a developer, you can make money from creating a cryptocurrency project and launch it. Be a coin project or and exchange project.
You make it sound too simple. It takes huge amount of efforts to get coin or exchange platform a success, and when you look at currently successful coins or exchange platforms, you see it's combined team effort of various professionals (graphic designers, customer support, legal etc) to make it a success, and not a single developer.
And if you add to that, if you want your project to get listed on a top tier exchange, you needed millions to do that. So it's very difficult unless your project is really unique, and so in the beginning, you still need some funding, so you might have to go to a round of having early investors. But with the way the market is going, it's very difficult for a struggling developer. And so I guess it still trading with small capital is one of the best methods to earn money. I know that it also not that easy, but you can start small and if you get lucky or if you really put the hard work, your chances to become successful is big.
-
If you are a developer, you can make money from creating a cryptocurrency project and launch it. Be a coin project or and exchange project.
You make it sound too simple. It takes huge amount of efforts to get coin or exchange platform a success, and when you look at currently successful coins or exchange platforms, you see it's combined team effort of various professionals (graphic designers, customer support, legal etc) to make it a success, and not a single developer.
And if you add to that, if you want your project to get listed on a top tier exchange, you needed millions to do that. So it's very difficult unless your project is really unique, and so in the beginning, you still need some funding, so you might have to go to a round of having early investors.
You don't really need funding to reach any exchange, project only should be willing to shell out a good amount of supply to an exchange, and exchange will list it.
I am quite sure this is what happened when Binance listed memecoins like DOGS, HMSTR, CATI to their exchange. These listing can't be from the perspective of quality.
-
Considering I'm new to cryptocurrency so I don't know much about making money from cryptocurrency, and I can only summarize it like this:
-Airdrops
-Bounty
-Trading
-Mining
-Invest
-Hacking
The last one is hacking, it is not recommended because it is a malicious treatment to everyone and can be punished by the authorities.
Why I put "Hacking" in that point because the topic title is "Many Ways To Make Money in Cryptocurrency", so there are no good and bad points in the topic title. This is only my view of this topic . Cmiiw
-
Sometimes there are many considerations that must be made when buying bitcoins, because it is clear that the price is very expensive, so it takes high trust in making transactions and some trust local exchanges, but not a few also trust international exchanges. Once again, all decisions are very important before they are actually carried out to avoid any problems that will occur.
The issue of whether the country supports it or not will certainly also affect what will be done. If the country can accept it, then there is no problem. In fact, those who do not recognize it and are only allowed in trading or others will certainly have obstacles that must also be considered.
Another important thing, in fact I’ll say it’s the most important and first thing to consider is your safety and that of your funds, before making a choice, one should consider which option guarantees your safety and that of your funds, as well which one also guarantees your privacy, because anonymity is also just as important as every other thing (except for those who are not privacy conscious). If you’ve considered all these, then it’ll help you make a better choice, whether it’s your local exchange or it’s to use an international exchange, as you put it.
-
Some are having the intention of making money in cryptocurrency but at the end they landed at losing it, this could be as a result of many things which they have given less attention to, we have to be more careful in whatever thing we do, also, we may have to consider having more alternatives to how we can make money in cryptocurrency in other to increase our chances of making some earnings than when we are only tied to a single source.
-
Some are having the intention of making money in cryptocurrency but at the end they landed at losing it, this could be as a result of many things which they have given less attention to, we have to be more careful in whatever thing we do, also, we may have to consider having more alternatives to how we can make money in cryptocurrency in other to increase our chances of making some earnings than when we are only tied to a single source.
Note that filling one’s bag with different kind of coins does may not actually guarantee profitability, it doesn’t mean that just because have numerous number of altcoins that you will certainly make good profit out of 1. You can end up holding a bag with several altcoins and at the end of the day, they all turn out to be a pump and dump project. The only coin that guarantees profitability is Bitcoins and this is only when you invest using the long term approach rather than seeking after short term benefits.
-
Considering I'm new to cryptocurrency so I don't know much about making money from cryptocurrency, and I can only summarize it like this:
-Airdrops
-Bounty
-Trading
-Mining
-Invest
-Hacking
The last one is hacking, it is not recommended because it is a malicious treatment to everyone and can be punished by the authorities.
Why I put "Hacking" in that point because the topic title is "Many Ways To Make Money in Cryptocurrency", so there are no good and bad points in the topic title. This is only my view of this topic . Cmiiw
No one feels more than the others. All in this forum also continue to learn to increase knowledge that always changes quickly, so there are those who already know, but they may be missed, so, finally they still need to learn and get information.
What you say is what is done right now in Crypto and, of course, it is the main point of crypto.
Agree, hacking is certainly an action that is greatly disliked by many people because of bad treatment, but it must be remembered that humans have several characters, and it could be known that it has been used as a livelihood that, for themselves, is a natural thing, so we must always stay alert to avoid this.
-
Best ways to earn using your crypto
1) HOLD - Buy currency like BTC/ETH/SOL/BNB and hold for long term
2) DCA - Buy daily/weekly/monthly small amounts of your fav. crypto over a period of time you will see benefit's.
3) Earn programs - Stake your coins/tokens on earn programs of exchanges (not recommended strongly)
4)Set up trade bots - Trade bots like grid bots, DCA bots, futures bots (risky) etc can be a great choice if you know to time them well
PS: Not your keys, not your coins, remember to hold your crypto on self custody wallets.
-
Some are having the intention of making money in cryptocurrency but at the end they landed at losing it, this could be as a result of many things which they have given less attention to, we have to be more careful in whatever thing we do, also, we may have to consider having more alternatives to how we can make money in cryptocurrency in other to increase our chances of making some earnings than when we are only tied to a single source.
This is very true and I believe it's as a result of them not sitting down to take a deep breath and actually settle to observe and take note of the things that really matters which obviously is information and practice. Take crypto trading for example which is one of the most common "Gold mine" per say in the crypto space, many people are too focused on having huge capital that they neglect important things like market behaviour and dynamics.
Like I always say it's very easy to lose a lot in the crypto space and relatively it's very easy also to profit enough from the crypto space when you have the right information and understanding. Sometimes people fail too as a result of greed because they see crypto as a money making scheme.
-
Considering I'm new to cryptocurrency so I don't know much about making money from cryptocurrency, and I can only summarize it like this:
-Airdrops
-Bounty
-Trading
-Mining
-Invest
-Hacking
The last one is hacking, it is not recommended because it is a malicious treatment to everyone and can be punished by the authorities.
Why I put "Hacking" in that point because the topic title is "Many Ways To Make Money in Cryptocurrency", so there are no good and bad points in the topic title. This is only my view of this topic . Cmiiw
You've outlined some important points here, but you should've have at least point out the most realistic ones. Mining is of course a way to make money, but the question then should be: how many people makes money through mining?. The cost of mining equipment and electricity bill is enough factor to discourage anyone aspiring to become a miner. Anyone planning on taking mining as a primary source of income should enough to at least start the journey.
But Investing and Trading are more visible and promising compared to Bounties and Airdrop. Not all airdrop pays well these days, but some do well to some extent.
-
Some are having the intention of making money in cryptocurrency but at the end they landed at losing it, this could be as a result of many things which they have given less attention to, we have to be more careful in whatever thing we do, also, we may have to consider having more alternatives to how we can make money in cryptocurrency in other to increase our chances of making some earnings than when we are only tied to a single source.
This is very true and I believe it's as a result of them not sitting down to take a deep breath and actually settle to observe and take note of the things that really matters which obviously is information and practice. Take crypto trading for example which is one of the most common "Gold mine" per say in the crypto space, many people are too focused on having huge capital that they neglect important things like market behaviour and dynamics.
Like I always say it's very easy to lose a lot in the crypto space and relatively it's very easy also to profit enough from the crypto space when you have the right information and understanding. Sometimes people fail too as a result of greed because they see crypto as a money making scheme.
Realizations do always come at the end on which the thing on which you've been that thinking or having those assumptions that it was really just that like on this way
will really be something that your primary impressions that it is really just that easy on making money in crypto but you are really just that ending up on having those
realizations on the moment that you are able to experience the truth on how hard it is on making up money or having profits in crypto space.
It might be hard but its not something impossible.
-
Considering I'm new to cryptocurrency so I don't know much about making money from cryptocurrency, and I can only summarize it like this:
-Airdrops
-Bounty
-Trading
-Mining
-Invest
-Hacking
The last one is hacking, it is not recommended because it is a malicious treatment to everyone and can be punished by the authorities.
Why I put "Hacking" in that point because the topic title is "Many Ways To Make Money in Cryptocurrency", so there are no good and bad points in the topic title. This is only my view of this topic . Cmiiw
I don't sure hacking is recommended way how to earn or make money in cryptocurrency, right now easily for scammer earn much profit trough cryptocurrency without hacking other assets but make shit or meme coins. After have many investor buy their coins removing liquidity and shit coin become rugpul.
Many scammer easily earn much money right now and their scamming coins not only one but also have several coins success rugpull and they will created another new shit coins.
-
I don't sure hacking is recommended way how to earn or make money in cryptocurrency, right now easily for scammer earn much profit trough cryptocurrency without hacking other assets but make shit or meme coins. After have many investor buy their coins removing liquidity and shit coin become rugpul.
Many scammer easily earn much money right now and their scamming coins not only one but also have several coins success rugpull and they will created another new shit coins.
Yes, the Rugpull phenomenon that occurred in memecoins is currently in the spotlight and it is happening on the Solana Pump.Fun network.
There are thousands of memecoins that appear every day and 98% of them are rugpull memecoins that will only be thrown away by the developers.
And even worse now pump.fun is a place where bad things happen, with live streaming trying to get people to buy and if it doesn't get done they will do something ridiculous. But now the live streaming feature has been blocked.
(https://www.talkimg.com/images/2024/11/27/bqG0v.jpeg)
-
I don't sure hacking is recommended way how to earn or make money in cryptocurrency, right now easily for scammer earn much profit trough cryptocurrency without hacking other assets but make shit or meme coins. After have many investor buy their coins removing liquidity and shit coin become rugpul.
Many scammer easily earn much money right now and their scamming coins not only one but also have several coins success rugpull and they will created another new shit coins.
Well probably op didn't put his writeup in a very proper way but he has a valid point there too. Hacking just like it has a negative side also has a positive counterpart too. However it's common to find people quickly relate to the negative side of hacking quicker than it's positive side , and I believe that's what is actually happening.
Hacking can be a honest thing too. Now a long while ago I did some research on hacking and I discovered hackers like blue hat and white hat hackers are actually important and harmless. Especially the blue hat who literally are bug finders and besides they earn good too.
-
Well probably op didn't put his writeup in a very proper way but he has a valid point there too. Hacking just like it has a negative side also has a positive counterpart too. However it's common to find people quickly relate to the negative side of hacking quicker than it's positive side , and I believe that's what is actually happening.
Hacking can be a honest thing too. Now a long while ago I did some research on hacking and I discovered hackers like blue hat and white hat hackers are actually important and harmless. Especially the blue hat who literally are bug finders and besides they earn good too.
I don't assume with OP but the phenomena right now how many people take wrong way to earn much money in cryptocurrency, from hacking until how many of them have make habit by creating shit coin to scam many people. Personally I don't think interested yet with wrong way to earn much money in crypto always do the right way, earn from bounty campaign, joining airdrop and spent half my money for investing or trading.
I believe feedback will get later if have habit get scam or hacking will get back later what have to do, so in cryptocurrency have many right way to earn much money and keep away from wrong way.
-
Hacking can be a honest thing too. Now a long while ago I did some research on hacking and I discovered hackers like blue hat and white hat hackers are actually important and harmless. Especially the blue hat who literally are bug finders and besides they earn good too.
i think hacking has a bad implication everyone automatically assumes the worst if you tell someone that you are a hacker they’d probably be wary of you lol but to clarify companies do employ hackers to test out how strong or weak their softwares are
but i guess regardless of what you actually do people will always be skeptical of you and the skills you have in order to be called a hacker
-
I don't sure hacking is recommended way how to earn or make money in cryptocurrency, right now easily for scammer earn much profit trough cryptocurrency without hacking other assets but make shit or meme coins. After have many investor buy their coins removing liquidity and shit coin become rugpul.
Many scammer easily earn much money right now and their scamming coins not only one but also have several coins success rugpull and they will created another new shit coins.
Yes, the Rugpull phenomenon that occurred in memecoins is currently in the spotlight and it is happening on the Solana Pump.Fun network.
There are thousands of memecoins that appear every day and 98% of them are rugpull memecoins that will only be thrown away by the developers.
And even worse now pump.fun is a place where bad things happen, with live streaming trying to get people to buy and if it doesn't get done they will do something ridiculous. But now the live streaming feature has been blocked.
--
I do make out investment with meme coins but i wasnt expecting that people will really be going this far on which trying out to make something stupid and forcing up people to buy just because on trying out to avoid something happened into those people who are on the stream? Basing up into those images given above then this do involves killing and even making up some immoral actions just to make those coins do pump up. This is really indeed that too desperate on trying out to reach that particular MC on $1M on which they will really be going into such extent.
It is really just that sad into those people who had made out this kind of actions just for money.
-
i think hacking has a bad implication everyone automatically assumes the worst if you tell someone that you are a hacker they’d probably be wary of you lol but to clarify companies do employ hackers to test out how strong or weak their softwares are
but i guess regardless of what you actually do people will always be skeptical of you and the skills you have in order to be called a hacker
I think you mean Hacking has a bad reputation, this is actually true but it’s true only to those who do not really understand the profession. People always say that if you don’t really understand the problem, you can get a better solution for that problem. Hacking is a skill that can be used for both good and evil, depending on how you choose to put the skill in play, several organizations, including government and security agencies uses the services of hackers to facilitate their works, and just like you’ve said, help test how solid their firewalls are, and also help detect possible vulnerabilities to ensure a stronger security, so yeah hacking isn’t that all bad.
-
Hacking can be a honest thing too. Now a long while ago I did some research on hacking and I discovered hackers like blue hat and white hat hackers are actually important and harmless. Especially the blue hat who literally are bug finders and besides they earn good too.
i think hacking has a bad implication everyone automatically assumes the worst if you tell someone that you are a hacker they’d probably be wary of you lol but to clarify companies do employ hackers to test out how strong or weak their softwares are
but i guess regardless of what you actually do people will always be skeptical of you and the skills you have in order to be called a hacker
When somebody think of a hacker, they think that they're dangerous, harmful, and always doing bad things. That's also what I think about them as well until I joined the crypto space and then I realized that there are some hackers that are doing some good things... at least for the company that they're hacking.
I believe that there are some hackers out there that are hacking the system of a particular company to tell them that they need to upgrade their security because it's very weak and that alone can prevent the company to lose millions. There are some hackers out there that are stealing money from these companies but opting to give it back. Most of the hackers though are doing the bad thing which is stealing money when they see a company vulnerable enough for them to get hacked.
-
I think you mean Hacking has a bad reputation, this is actually true but it’s true only to those who do not really understand the profession. People always say that if you don’t really understand the problem, you can get a better solution for that problem. Hacking is a skill that can be used for both good and evil, depending on how you choose to put the skill in play, several organizations, including government and security agencies uses the services of hackers to facilitate their works, and just like you’ve said, help test how solid their firewalls are, and also help detect possible vulnerabilities to ensure a stronger security, so yeah hacking isn’t that all bad.
Hacking have bad reputation but if they want try looking bug at some project I believe have opportunity earn much money than how stolen from hacking, I think many new or old project always protect their side and make give away for their bug, if you find bug at any project get possibility with higher payment.
I believe yet when have new exchange get fatal mistake, my friend deposit TWT coins to one exchange but when landing to exchange wallet become BNB coins, then report to exchange its self and he got reward almost 20% of amount BNB credit in his wallet.
-
Hacking have bad reputation but if they want try looking bug at some project I believe have opportunity earn much money than how stolen from hacking, I think many new or old project always protect their side and make give away for their bug, if you find bug at any project get possibility with higher payment.
I believe yet when have new exchange get fatal mistake, my friend deposit TWT coins to one exchange but when landing to exchange wallet become BNB coins, then report to exchange its self and he got reward almost 20% of amount BNB credit in his wallet.
I was trying to understand half of what you’re trying to say, but from the little I’ve been able to take out from all you’ve said, you’re saying that your friend helped fixed a bug in an exchange and was rewarded for that, if I’m not mistaken. Well of course, not just exchanges, a lot of establishments and companies gives opportunities to hackers, software developers and web developers to attempt detecting bugs and attempt fixing them (in some cases) and they get rewarded for it.
I heard that google placed a huge reward for any hacker that could successfully break through their security system and hack the platform, although I don’t know how true this information is as I didn’t personally confirm its authenticity, but I know there are reputable and notable companies that do this to test how strong their interface is.
-
1) HOLD - Buy currency like BTC/ETH/SOL/BNB and hold for long term
This is the best way that I do also for crypto investment, especially for long term period. It's just that, at that time, I missed SOL, for other coins, I am very grateful to have them since the price was still small. And it teaches me very well to prepare for the next bearish period.
Hacking have bad reputation but if they want try looking bug at some project I believe have opportunity earn much money than how stolen from hacking, I think many new or old project always protect their side and make give away for their bug, if you find bug at any project get possibility with higher payment.
Unfortunately, hackers never stop doing it and continue to look for potential victims, both on a small and large scale. Caution and vigilance are very much needed. And for developers and also owners of certain platforms, it is indeed mandatory to tighten and strengthen their system security because hacking, phishing, and scamming may be targeting.
-
This is the best way that I do also for crypto investment, especially for long term period. It's just that, at that time, I missed SOL, for other coins, I am very grateful to have them since the price was still small. And it teaches me very well to prepare for the next bearish period.
When it comes to HODLing for the long term, I’d advice investors to do so with assets they feel very safe with, it’s indeed one of the best strategies that ensures and guarantees long term profits, but this is only achievable when you’re HODLing the right asset. For me, the only asset that’s worth HODLing for the long term is Bitcoin because I believe it’s the only asset that guarantees long term profitability, Bitcoin has in so many cycles proven its reliability and long term stability, thus making investors develop trust in it.
-
1) HOLD - Buy currency like BTC/ETH/SOL/BNB and hold for long term
This is the best way that I do also for crypto investment, especially for long term period. It's just that, at that time, I missed SOL, for other coins, I am very grateful to have them since the price was still small. And it teaches me very well to prepare for the next bearish period.
Well, we don't know which coins will pump up significantly early on. I mean nobody expected BNB to have a significant increase in price after they launched Binance Smart Chain, and only those who trusted the project right before they launched it are the ones that gained huge money. Same with SOL. If you trust the project and held to it, you will be rewarded and vice versa.
In the next years, there will be other altcoins that will pump quite significantly the same as BNB and SOL. The question is what coin? As for the strategy though, that's what I'm doing for a long time already and aside from that, I'm trading as well. I guess buying just random coins at the top at a very low price would be a good strategy and pray that it will go up in price in the upcoming years. :D