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How exactly do one make money from crypto currency??

  • Thread starter Thread starter Destinyfejiro
  • Start date Start date
As a novice I think hodl is the best option, that is if you can't trade. What it is basically is buying a coin that you have credible information that the value is going to rise shortly, and then sell when the value is high.
 
Trexxxy said:
As a novice I think hodl is the best option, that is if you can't trade. What it is basically is buying a coin that you have credible information that the value is going to rise shortly, and then sell when the value is high.
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Well that's another way to make money especially for newbies who cannot do future trading , shirt term trading even providing liquidity in exchanges.
 
Josemendez said:
Well, that's another way to make money especially for newbies who cannot do future trading, short term trading even providing liquidity in exchanges.
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True. I don't see why a newbie can't learn to trade either one. I guess individuals are different and what works for me might not work for you.
 
Making money from crypto is not easy sometimes you lose money but that is what the business is all about you need to be very careful, earning money in crypto is all about buying and selling you buy when the price is low and you sell when the prices high
 
They are virtually a lot of ways for one to make money from cryptocurrency like investing in it or trading cryptocurrency as well can fetch money
 
Actually it's definitely like this you get your hands on some crypto currencies coins you either but then or you earn them somewhere then you can either decide bro keep and watch the market for or till an increase .
 
Investing, trading, staking, lending and promoting cryptocurrencies are the ways personally I believe people can make money from cryptocurrencies.
 
Trexxxy said:
True. I don't see why a newbie can't learn to trade either one. I guess individuals are different and what works for me might not work for you.
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True. There are people who are not comfortable with long long term holdl . They believe in shirt term trading of their coins . This is the case with them .
 
eLdavis said:
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.
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Yes people do make a lot of money with trading of cryptocurrencies if they understand how to trade, some people can also make money with cryptocurrency when they're holding it for a long time, which of them are you interested in ?
 
If you think you are still afraid of getting into the game if trading cryptocurrencies, it is a normal feeling as a newbie. You can simply start by buying a particular cryptocurrency of good value and just hold it there in your wallet
 
Jlife said:
Yes people do make a lot of money with trading of cryptocurrencies if they understand how to trade, some people can also make money with cryptocurrency when they're holding it for a long time, which of them are you interested in ?
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Personally i would do both, i can go into trading and while earning from trading i can start holding some coins to earn my profit. As it is best to put your hand in more than one source of income and not rely on just one source.
 
There is actually a lot of ways you DA make money. You can make by holding the coin till it grows or you can trade on leverage or on margin trading.
 
It's very important that youinvest in knowledge if you really want to go into cryptocurrency trading or investment generally because it is important you make a research on any crypto you want to invest on.
 
There is also the freedom for you to still stake your coins for some cryptocurrencies exchange projects like the binance coin BNB staking taking place on binance. You are sure if your profits there too for doing nothing other than simply staking for the period of the contract
 
Alexandoy said:
Based on my studies of crypto coin trading you can earn a profit when you buy a coin now and the market price increases tomorrow. An example is a coin worth $1 today that next week it is valued at $1.20 that would mean you can earn 40% of your investment if you sell it on that day.
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That can be classified under the trading aspect in the crypto market, you deposit in a coin and make profit when it increased there are other methods you can use to make money like scalping, investing etc.
 
You might buy cryptocurrency today at a certain rate and tomorrow the rate at which she bought it must have increased that is one way you can make money from cryptocurrency
 
Snazzy001 said:
You might buy cryptocurrency today at a certain rate and tomorrow the rate at which she bought it must have increased that is one way you can make money from cryptocurrency
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of course that is why cryptocurrency is very good because even anyone who does not have a very good knowledge of it can make money from it.
 
The simple and best way of making money from crypto currency is trading it on daily basis because it's not hard to learn that's if you have a time to be monitoring the movements in the market but if you don't have then you can just buy and holds for some time and sell when the price appreciated.
 
Whether you are investing or trading, you need funds before you can start. You can try earning sites that pay via crypto currency and then build your portfolio first
 
There are two ways you can make money in cryptocurrency. One is by trading and the other is by investing long term. If you are a newbie then you should take your time and learn everything you need to know about it before venturing into it.
 
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