How exactly do one make money from crypto currency??

[Destinyfejiro]

I have always wondered , how exactly do people make money from crypto currency..is it just to buy a coin and keep in the wallet and wait till one day it skyrocket or are there other ways someone can earn from crypto.
Please I need your help on this ?

 

[Aaron625]

If you talking about crypto trading , buy any crypto when the price is low and wait for till the price rises , and sell it at any price which you feel you have made enough profit. The crypto price fluctuates which is the main reason why we can make profit from trading crypto.

 

[eLdavis]

There are various ways you can earn from crypto currency, you can decide to buy when there is a dip and hold. Once the price goes up, you sell and get your profit. Or you can go into crypto trading. Similar to forex trading, but instead of trading on currency pairs, you trade on crypto.

 

[Hena101]

There are many ways to earned money from crypyo currency. Some buy and hold it for some to sell it when the price appreciated and some trade it on a daily basis. So it depends on which one you prefer.

 

[Jlife]

In cryptocurrency you only make money if you're investing for long time because the price will appreciate on long-term and you can also make money from trading when you buy when the price is low and sell when the price is high.

 

[Senator]

One can actually make money from getting into the game of the cryptocurrencies world by either buying any of the cryptocurrencies of your choice and hold or hodl as we call it for a while before selling at a higher price for profits

 

[FreshKaz11]

I have always wondered , how exactly do people make money from crypto currency..is it just to buy a coin and keep in the wallet and wait till one day it skyrocket or are there other ways someone can earn from crypto.
Please I need your help on this ?

I think some people buy at a very low price and sell back at higher price to gain profit immediately,why some people also buy the coin and keep the coin in their wallet to gain more value or trade it as well.

 

[Destinyfejiro]

Thanks I wish I knew how to trade , maybe it would have been easier...but then definitely am learning that soon ....last time I tried it I gain close to 40$ in usd still lost it all though

I think some people buy at a very low price and sell back at higher price to gain profit immediately,why some people also buy the coin and keep the coin in their wallet to gain more value or trade it as well.

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There are many ways to earned money from crypyo currency. Some buy and hold it for some to sell it when the price appreciated and some trade it on a daily basis. So it depends on which one you prefer.

Trading on daily basis are done on exchange platforms right ?...I checked it but it seems hard to understand though , like using stop loss , checking the number of people buying and the number of people selling

 

[Kelly5]

I believe the more easier and conventional ways one makes money on cryptocurrencies is by making a buy of one or more coins to keep for a long time and sell for profits after a while of appreciation In value

 

[Haveit]

There are several ways of making money from crypto currency, by investing or trading or even selling and buying but the popular one is investing, you just simply leave your money in the wallet and watch it grow.

 

[Kelly5]

There are several ways of making money from crypto currency, by investing or trading or even selling and buying but the popular one is investing, you just simply leave your money in the wallet and watch it grow.

Yes that's very true. Someone leaving his.money in the exchange wallet and watching it grow seems to be the most simplest way to make money on the cryptocurrency space

 

[Setfragil]

There are many ways you can earn money from cryptocurrency depending on the amounts of capital that you have to fund it. You can make money through cryptocurrencies trading, you can also make money from hodl of cryptocurrency till their is a bullish run.

 

[Kelly5]

There are many ways you can earn money from cryptocurrency depending on the amounts of capital that you have to fund it. You can make money through cryptocurrencies trading, you can also make money from hodl of cryptocurrency till their is a bullish run.

Especially for the newbies who will see trading the cryptocurrencies as a hard and difficult aspect for them, they can as well buy into one of the profit potential coins and HODL too

 

[ranamal]

Yes we can earn some profits when we invest on crypto and if the rate goes high we are in profits or if it goes down nothing to worry about hold it until rates goes high and sell it!
Sometimes we get can sell them for high prices who need in it

 

[Haveit]

Yes that's very true. Someone leaving his.money in the exchange wallet and watching it grow seems to be the most simplest way to make money on the cryptocurrency space

I think it's the best way to save money in crypto currency, other means would definitely require that you learn what you are willing to do on your crypto currency wallet

 

[Good-Person]

I am not aware of any other ways to earn money on crypto except trading crypto. Other ways you can make money through cryptocurrencies is by mining coins and selling them when their price rises or exchanging them into fiat currencies as soon as you mine them. However, you would need to invest money by buying mining hardware for cryptocurrencies.

 

[Kelly5]

Yes we can earn some profits when we invest on crypto and if the rate goes high we are in profits or if it goes down nothing to worry about hold it until rates goes high and sell it!
Sometimes we get can sell them for high prices who need in it

This another way one can simply make money trading the cryptocurrency market as well. You hold when the price dips and sell when the price pumps

 

[Chibson]

Making money from cryptocurrency is not a rocket science and of course anyone can do it and make a lot of money if you have the right knowledge and understanding of how it works. Simply by when the price is low and sell when the price is high.

 

[Josephjossy]

making money with crypto currency is all about buying a crypto currency and selling . You will buy when the price is low and sell when it is high. So you need to be careful if you are a novice

 

[Niftyyem]

Hodling which is buying coins to sell at a later time is easier for newbies whereas trading needs some form of knowledge and skills to be profitable.