How exactly do one make money from crypto currency??

[Grandeur]

Crypto currency is a volatile market that goes up or down in price, when the price goes down, each investment in the coin goes down, when it goes up, each money goes up to leading to profit

 

[mcjerry]

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 ?

Buying a coin and leave it for the price of the coin to skyrocket in times to come is a long term investment. You can make profit with crypto currency in matter of a day or days. Profit that you will earn when you hold your coin for a long time you will earn it in just few months

 

[Bousine123]

There are basically two ways my friend. It's either you trade or you invest. Either ways you still get to make or loose money in the long run. I will go for both of I were you.

 

[Destinyfejiro]

This is a very good and wise strategy to apply when trading with a relatively low priced coin.It is just very good to be alert and monitor the market to see fluctuations,but for me i am just concentrating on saving mine for future appriciation.

That is good but it also depends on the coin you're holding in your wallet. In my opinion, there are some coins you can trade when the prices go up and there are some you don't trade at all no matter how high the price goes unless it has gotten to your limit.i think its safer to trade when its High and buy back when its low. For example like btc , people who sold btc when it was over 60k$ would make huge profit if they buy back when it fell to 29k$

 

[tyrim88]

That is good but it also depends on the coin you're holding in your wallet. In my opinion, there are some coins you can trade when the prices go up and there are some you don't trade at all no matter how high the price goes unless it has gotten to your limit.i think its safer to trade when its High and buy back when its low. For example like btc , people who sold btc when it was over 60k$ would make huge profit if they buy back when it fell to 29k$

it is also good to do the sales trading when the price is high and buy back when it comes down,but most times it usually worked for a known coin like bitcoin which has proven to be consistent in its value appriciation over the years.

 

[Suba]

I will try to give an idea of how people get people from cryptocurrencies, as you know crypto prices are very volatile so people can take advantage of these price changes both short-term and long-term investments, the principle is to buy crypto at a low price and sell at a higher price, if you invest short term you will be able to profit every time there is a change in price even if it is small, but if you invest long term you have to store large amounts of crypto and keep it in your wallet, and sell when the price is about to peak, you can also become a trader crypto by joining an exchange, another way people make money from crypto is by becoming a lender or staking crypto in a wallet or pool.

 

[Emmy]

I also don't have the knowledge about trading cryptocurrency. It is like there's a platform that helps them in buying and selling of crypto. I also wish to learn it.

 

[Setho]

You can effectively make money on crypto if they are such that you are holding increases in his value after you bought it . You can also make money from it if you trade on leverage also known as futures trading.

 

[kayode10]

You can make money by exchanging cryptocurrency to order web money for people. You make some gains for every transaction you engage. This is one of the ways to make money with cryptocurrency.

 

[Thinker009]

There are many ways to make money from cryptocurrency , ranging from crypto trading , affiliate , crypto mining and many other means to earn money from cryptocurrency

 

[jeff87]

You buy when rates are low you sell when rates are high crypto rate may fall and crash at anytime so it better you study well before buying and using a good plat form to trade

That is exactly how you earn in cryptocurrency trading.

You just buy low cryptocurrency in price and then you sell high when the price goes high. It's that simple way.

 

[Josemendez]

That is exactly how you earn in cryptocurrency trading.

You just buy low cryptocurrency in price and then you sell high when the price goes high. It's that simple way.

This is just one way .there are tons of other ways such as staking , yield farming , providing liquidity and becoming an affiliate marketer for a project.

 

[skyliequiz]

Buying bitcoin at a low price and selling it at a higher price is the greatest method to earn money with it. If you're going to invest money in a cryptocurrency, only put 10% of it into Bitcoin and the rest in other cryptocurrencies.

 

[Chibson]

There are different ways of making money from cryptocurrencies and some of them are trading, staking and hodling. They are all profitable.

 

[Dowenship]

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 ?

Crypto is not just buy and sell.... crypto is wide, but at every point you are buying and selling but for more information keep creating threads like this to develop your knowledge about crypto...

 

[jeff87]

There are different ways of making money from cryptocurrencies and some of them are trading, staking and hodling. They are all profitable.

That is right. There are really different ways of money making from cryptocurrency.

I have also known about staking, holding and trading. Now there's another way through playing NFT games like axie infinity .

 

[Mayox25]

You can make From cryptocurrency by buying a coin with potential when it is low and holdling till the time it has increased and selling.
You can also trade cryptocurrency and money either in dip or when it increases.

 

[Aaron625]

You can make From cryptocurrency by buying a coin with potential when it is low and holdling till the time it has increased and selling.
You can also trade cryptocurrency and money either in dip or when it increases.

Yeah that is the most simple way to make money from crypto. Also there are free ways to make crypto like working in forums , gpt sites , faucets , airdrops , captcha sites and much more.

 

[Dagm1]

In cryptocurrency you just earn money if you are spending for very long period of time since the cost will value on long-lasting and you can likewise earn money from trading when you purchase when the cost is reduced and offer when the cost is high.

 

[GIFTMICHAEL]

My strategy is simply investing my funds into different potential coins and allowing it there in my wallet to grow, keeping them untouched for years.