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

[bayu7adi]

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?

Normally staking has an average APY of 6% to 10%... and within 1 year whereas Bitcoin in the last 1 year has provided a profit of 90%.... this is actually just an adjustment to the risk profile in the investment world... and I am aware that each person has a different risk profile... so it's natural, if your friend thinks that staking is more profitable, maybe because he prefers low risk but certain results.. while there are still many people out there who like it buy meme coin, because you like high risk.

[0t3p0t]

Yeah DCA if I think the most safest and effective way to accumulate more cryptocurrency in our portfolio. Though we can also increase the size of our investment through trading but that is so risky if we are not sure of what we are doing especially if we know nothing about technical analysis. I personally do both and for me DCA is the best as I am not that good in trading as of this moment.

[Agbe]

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.

And we have to know that the All Time High is not coming anytime soon and we have to wait for a very long time before seeing that. And this is the risk involved in the investment of bitcoin and those who can't wait would say bitcoin is risk but if we invest for long term then we have to put our minds on the long term and wait for it. Today the last time when I checked the price was $57k and before I left the platform, the price has come down again. So this how it would be fluctuating and it will still reduce more than this. So we just have to remove our minds from it and focus on long term investment.

[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.

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.

You're right but for me it's not a big deal even if I can't buy it when the price drops.
I have a feeling that as long as Germany hasn't sold all their Bitcoins maybe the Bitcoin price will continue to be at $60k and MT,gox and UsGOV if these three Bitcoin holders sell everything what will happen whether Bitcoin will collapse or will be accommodated by BlackRock alone

[Aanuoluwatofunmi]

The most easiest and fast means to earn more to our crypto portfolio is by earning them or making exchange of our fiat currency for cryptocurrency, this will help us to achieve what we wanted to more faster, also, they are the most common means through which we can also build up our portfolio, therefore we must make sure that we are using any of these means in making the accumulation on our portfolio.

[JoyMarsha]

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

Buy, buy, buy the dip through the DCA strategy, and hodl. That's the key thing I have been doing for so long and I don't think I can stop it unless when I want to trade my bitcoin and other altcoins. Staking for additional coins is far from my thinking. I prefer having my coins under my custody than on third party who decides when to withdraw my tokens based on the time agreement with them

[Ebugod9]

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

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

Great points! I completely agree that staking and trading are both viable options for earning in crypto, and signature campaigns and giveaways can be a nice bonus. I've had experience with both Bitget and Bybit, and while Bybit is a solid exchange, I have to say that Bitget's campaigns and promotions are really top-notch. They always seem to be pushing the boundaries and offering their users something new and exciting. Plus, their platform is so user-friendly and reliable. Bybit is good too, but Bitget's customer support and community are really exceptional. And of course, web3 jobs are a great way to earn a steady income in crypto if you have the skills. Thanks for sharing your insights!

[Baofeng]

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

Buy, buy, buy the dip through the DCA strategy, and hodl. That's the key thing I have been doing for so long and I don't think I can stop it unless when I want to trade my bitcoin and other altcoins. Staking for additional coins is far from my thinking. I prefer having my coins under my custody than on third party who decides when to withdraw my tokens based on the time agreement with them

Yeah, and so save as much as you can, I gamble though, so from time to time I tend to withdraw some, but I don't take everything, I also get what I needed and that's it. If I won then I will put it back, if not then I will just continue to DCA the following week.

It's not easy to really save a lot of crypto in your wallet, it takes mental toughness and strategy. But if you look at your long goal, then no one can stop you from getting more crypto and looking for profits in the future.

[ZAINmalik75]

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!

Controling your greed to earn more is a good point to be noted. Because over-trading and over-investing while keeping no funds in an emergency will make you feel regretful. Op is happy with his trade of NOT and the way he is sharing it with us, it indicates he doesn't make many trades with such profits. Not is a good coin because it is in the hype and they are buying their tokens and people are joining in staking.

I am not surprised to see OP making a profit on it but OP should also know there not all coins are going to make him %50 profit. Therefore focus more on trading. Focusing on one thing is better than focusing on different things because staking is also not an easy way to make money.

[Mr. Magkaisa]

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?

     -     If you think and feel that what you are doing is right, then just keep doing it, especially if you see a profit from the capital you have made. Probably all the crypto community in this field is doing dca on their respective crypto assets that they want.

Even though I am doing the DCA on the cryptocurrencies, I see their potential to generate profit in the future. until now, and like you, I also have a little bit of NOT coin in my wallet.

[Metha Wulandarin]

The most easiest and fast means to earn more to our crypto portfolio is by earning them or making exchange of our fiat currency for cryptocurrency, this will help us to achieve what we wanted to more faster, also, they are the most common means through which we can also build up our portfolio, therefore we must make sure that we are using any of these means in making the accumulation on our portfolio.

What OP means is not by buying if you add to the portfolio by buying or exchanging fiat for crypto everyone already knows but what OP means is adding to the portfolio with crypto tokens that he already owns in addition to trading.

[Jamal Aezaz]

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.

Not only Bitcoin but some altcoins also have the possibility that they will boom in the coming bull season and as Bitcoin possesses the ability to recover back to its highest worth after some months or weeks so similar pattern and characteristics is also present in some altcoins and examples included Ethereum, BNB, Solana etc are known by most of the individuals.

It will be full of fruitful results if we hold Bitcoin with some of top altcoins so we will not compare their effects but will be able to get profit from both of these opportunities and most of the expert investors do not rely on just Bitcoin investment but also choose some altcoins and they have the ability to differentiate good and bad altcoins.

[snowpega]

Because over-trading and over-investing while keeping no funds in an emergency will make you feel regretful.

hmm, Nice piece of advice, well dear both are different over trading and over investing and both terms somehow relate to the emergency funds, which is the most important part of saving in all that way whether you are trading or investing. If one is not playing this role then it is true he/she can stuck in the regretful situation. Emergency funds need to be kept in mind if you are also accumulating any crypto whether it is Bitcoin or other currencies if not then your point is so valid.

Besides, This as I said that over-investing, and trading both somehow relate to emergency funds because if one becomes blindly investing and over-trading and falls prey to the sea of greed then too obvious he/she may be using his/her emergency funds as well in all that. What think can attract any investor or trader is that he can earn/generate more money by investing more. They also should consider the other side as well that they can also lose their money as well.

[robelneo]

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)

But this is still the best thing to do to increase your portfolio some people prefer good staking but that means locking their coins, trading is risky and I don't recommend it if you do not prepared to lose.

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

So it works for you so why are you not recommending it, as long as you can accept the volatility of the market and you believe that you invested in good coins even if you lose you will, you will eventually recover your losses.

[bayu7adi]

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)

But this is still the best thing to do to increase your portfolio some people prefer good staking but that means locking their coins, trading is risky and I don't recommend it if you do not prepared to lose.

DCA itself is also a safer way to take risks... some people might consider DCA to be the safest way, but it still consumes energy, including we also have to prepare healthy finances... the best current advice that can be done by the majority of people adapt the steps they take to their individual risk profile... so it's all really relative, and DCA is sometimes not a good decision for some people.