Many Ways To Make Money in Cryptocurrency

[TomPluz]

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...

[Hatchy]

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.

[Tribalchief]

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.

[Findingnemo]

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.

[Jating]

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.

[Lucius]

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.

[Findingnemo]

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.

[_act_]

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.

[robelneo]

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.

[Z-tight]

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.

[sampoerna]

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.

[Findingnemo]

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.

[Lucius]

~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.

[Findingnemo]

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.

[MrSpasybo]

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 ^^