What are you doing to get more crypto in your pf?

[XFinite]

Hey everyone, good day to y'all

So when BTC crashed down to around 52K, lots of altcoins were sent to bottom
Pretty sure some of you already got the dip on alts, while others... I would rather not say cos they don't even take the risk.

but I'm glad that I bought the dip and not falling for the traps. When the market pumped up, my investment on NOT that I bought at 0.0098$ went up to 50% profit, and yes, even though I knew it was gonna fall more in price, I took the risk of buying more, using DCA strategy. (Please don't try this same as me if you can't afford of losing money)

And it paid off in the end, but I also stopped myself being more greedy cos you never know when it's gonna drop in price, so take the profit while you see it.

So, having discussion with some members in a group about making more crypto, I saw that some people are staking, trading more often to make their target to profit in the bear market.

I wonder what are you currently doing to your crypto, so you make more crypto out of it without trading?

[agan husaeni]

If you're looking to earn more crypto, staking is the way to go. Staking lets you earn extra rewards by holding onto the crypto coins you own. This way, you can take advantage of the potential investment returns that can bring long-term benefits. But if you've already done it and want to get more, go work to make some money, then use that money to buy new crypto coins .

[snowpega]

<snip>

In my opinion, if you want to survive in the crypto space then you have to control on your greed although we all once fall prey to our own greed but one who knows that he/she needs to have control on their greed can survive better in crypto space. I know you might think that if you buy more then you can earn more but one who takes early entry in the market can make good profits.

Besides this we should use DCA for profit booking as well as booking all profit at the same time does not fit well as in case if the market goes higher you can make more profit or in case if the market you more lower from your first profit exit point then you can book some more from there if you feel the market is not in good condition now in this way you can play it safely. Dear keep in mind that your plan will help you a lot so first make your plan about entry and exit from the market. The plan of entry point matter but the plan of taking exit from the market matter more as if you have no strong plan of taking exit you have to face loses again. So, your Plan should be the most important part for you in the crypto space.

Dear, This is not financial advice for you to follow and I am just sharing my views that you can use it as a reference for your own research which may help you for the coming time. DYOR! Many Thanks!

[Sim_card]

To double your crypto, buy more crypto using DCA and let it be bitcoin because it has the tendency of lasting longer in the market than altcoins. If you DCA regularly weekly or monthly that will help build your portfolio. You should hodli for long in order to be in profit due to the compounding effect of your portfolio because the price of bitcoin increases overtime. Staking is what I don't like and I will not keep my coins with a third-party.

[Roseline492]

To double your crypto, buy more crypto using DCA and let it be bitcoin because it has the tendency of lasting longer in the market than altcoins. If you DCA regularly weekly or monthly that will help build your portfolio. You should hodli for long in order to be in profit due to the compounding effect of your portfolio because the price of bitcoin increases overtime. Staking is what I don't like and I will not keep my coins with a third-party.

Yeah to buy crypto now Bitcoin should be the best to invest instead of any other coins because the reason why we should not consider altcoins or rather most of the altcoins is that after all this Bear market when the season for bull Run will start not all the altcoins will be able to follow the trend of the market and perhaps most of them will end up not rising again.

However there are people that loves staking there coin so that it will multiply as time goes by and increase there portfolio but just like you I'm not actually fan of staking, though is not that staking is bad but that's actually not my line of investment, so actually I always continue investing on Bitcoin through the use of DCA method and is really helping me a lot.

[Dr.Bitcoin_Strange]

There are several ways one could put their coins to use and let them make produce more money for you.
Note: I haven't participated in any of these activities neither would I advice anyone to as this is in no way a financial advise but only for educative purpose.

1. Staking: If you have coins of certain cryptocurrencies based on the proof of stake, you can “stake” them so that it helps to process transactions and sometimes you are given certain extra coins or fees.

2. Lending: It is also interesting since you can lend your crypto to others and in return receive interest on that or the crypto you lent. This is another one that has both centralized and decentralized solutions for you.

 3. Yield Farming: This is similar to lending out your crypto to the DeFi platforms, and in return being paid more Cryptocurrency. That is how one can make money while doing almost nothing but it is also a high risk business.

[Gurujebs]

I wonder what are you currently doing to your crypto, so you make more crypto out of it without trading?

I'm not sure there is anything left to do in this crypto market without not trading. If you don't trade, you will buy and sell but how many coins are even that bullish for person to even buy and sell and makes profit. There is none unless you trade, the meme coins are the only things people risk like buying and selling but are even dangerous than trading because what you buy now can turn to nothing the next minute, meme coins is wild.

If you have funds, maybe you can try staking, this is only profitable for people that are whales though. It's not proper to leave your coins doing nothing, you can accumulate more of the coins by staking and they comes with terms and conditions of locking and unlocking.

[Zed0X]

The strategy usually depends on where the market is at. Id you're goal is to hold long term, staking and lending aren't that bad but you have to stay up to date with the platforms you're using because you never know when the owners/devs is closing it down then running away with your money. Personally, I prefer letting the important cryptos just sit in a personal (non-custodial) wallet then sell when it's time.

[electronicash]

I wonder what are you currently doing to your crypto, so you make more crypto out of it without trading?

if you are not trading but want to make more crypto out of crypto, you just have few options such as staking your crypto. this is risky though since its those centralized exchanges that offers this services such as binance. there are ways to make it less riskier but generally it is still taking which is what you could do to make more crypto out of your crypto.

another option is use your crypto to bet and win crypto. if you bet BTC, you simply get more BTC when you win. whatever crypto you bet, its what you will win too. riskier option though. 

[Z-tight]

I wonder what are you currently doing to your crypto, so you make more crypto out of it without trading?

I don't stake coins, neither do i lend my coins, it could work for other people, but i don't do it, maybe because i don't play around with altcoins. What i do is simple, buy BTC and store it in my self custodial wallet, and when the price falls, i accumulate more BTC. It has lesser risks and works for me.

[Husires]

You will be lucky if you make profits by buying altcoins while the price of Bitcoin is correcting, because most often when the price of Bitcoin collapses, all altcoins begin to decline. DCA strategy is not a strategy for investing in altcoin, but rather in Bitcoin. It is true that notcoin returned to levels of 0.016, but it was at 0.02 several days ago.

[Rubel007]

There is no option to hold. A trader can get big returns if he can hold his coins for long term. If someone wants to do staking it is also a good idea but how effective staking will be for investors will depend on the amount of investment. While staking is a good investment for those who are big investors, it may not work that way for ordinary investors. And holding that investment on any platform can be risky. An easy way is trading. If one sells on the bullish period and buys on the dip, they will definitely be profitable. Again, since it is difficult to predict when the bullish and bearish times will occur, in this case, DCA will be the most effective.

[Metha Wulandarin]

After Bitcoin has decreased from $60k to $54k I can't do anything and can only wait for Bitcoin to return to ATH to make sales of the coins I have every time Bitcoin has decreased I always don't have the funds to make purchases but when Bitcoin is on the side I start to have funds in the form of USDT feels strange but real.

[Smcchamp]

If you're looking to earn more crypto, staking is the way to go. Staking lets you earn extra rewards by holding onto the crypto coins you own. This way, you can take advantage of the potential investment returns that can bring long-term benefits. But if you've already done it and want to get more, go work to make some money, then use that money to buy new crypto coins .

You're right. Staking has been an way for passive income. Trading also is another method of earning.. but you need to have a good knowledge of trading to achieve something tangible. You can also checkout signature campaigns on this forum if there's any... Or you can search for giveaways of cex like bitget, bybit. They always have one or two campaigns running for users..if you meet the requirement then Viola. Alternatively you can get web3 jobs if you have the skills..m

[KingsDen]

After Bitcoin has decreased from $60k to $54k I can't do anything and can only wait for Bitcoin to return to ATH to make sales of the coins I have every time Bitcoin has decreased I always don't have the funds to make purchases but when Bitcoin is on the side I start to have funds in the form of USDT feels strange but real.

This is actually the fate of many bitcoin investors. They would have some cash to invest in Bitcoin when the price is pretty high and after they must have invested, there would be a crash, on the lows of Bitcoin they wouldn't have any cash to invest anymore. They will have no option than to wait indefinitely when the price we rise again. This same thing  happens to up to 50% of Bitcoin investors but there is a way to go out of this trouble. The means I have adopted and I think some other investors have adopted is using the dollar cost average method to invest. This entails steady buying in segments and intervals throughout their investment. So someone using DCA method to invest would still be able to buy at the low of Bitcoin. But some people who buy at a spot would either be gazing at the sky or sourcing for more funds in order to invest at the lows of Bitcoin.