Many Ways To Make Money in Cryptocurrency

[Z-tight]

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.

[debra]

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.

[Dr.Bitcoin_Strange]

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.

[Obim34]

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.

[Dr.Bitcoin_Strange]

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.

[Thyplaymaker]

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 .

[bhadz]

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.

[Gerborant]

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!

[Z-tight]

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.

[Gurujebs]

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.

[Z-tight]

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.

[Sim_card]

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.

[Publictalk792]

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.

[JISAN]

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.

[Report]

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.