Many Ways To Make Money in Cryptocurrency

[PX-Z]

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.

[Mate2237]

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.

[lepbagong]

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.

[SamReomo]

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.

[libert19]

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.

[Publictalk792]

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.

[Dr.Bitcoin_Strange]

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.

[Faisal2202]

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.

[Jating]

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.

[libert19]

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.

[kai]

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

[Dr.Bitcoin_Strange]

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.

[Aanuoluwatofunmi]

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.

[Dr.Bitcoin_Strange]

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.

[lepbagong]

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.