Hey guys!
Today I want to write some money making advices so I decided to make a list of 10 different ways I know to make money online with crypto.
Every method will have a safety grade which will be represented with stars: 5 stars is the safest and 1 star is the most risky.
- Buy and Hold (5 stars! - safest)This is the safest way to earn crypto. All you need to do is buy a large amount of a certain coin and just hold it for a year. If the coin is one of the more promising crypto currencies it will most likely double, triple or can even be 10x of the amount you bought it in the end of the year. Don’t buy a coin before you researched it enough to believe in it And don’t look at the price everyday, only every couple weeks just to make sure it has growth.Promising coins to buy and hold: Bitcoin, Etherium, Dash, Burst and a lot more.
- Blogging/vlogging and Commenting (5 stars safest!)Youtube has been here since 2004 and you can make good money from vlogging there if you have more 10,000 views on every video. Steemit has introduce a way for the small time blogger to actually make decent amount of money everyday by just blogging as im doing with this article and commenting. This is a truly revolutionize way to look at social media which makes you think how profitable this could be in the near future when steemit will become mainstream.
- Faucet farming (5 stars) safest!No investment needed so it cant be more safer then that .There are a lot of sites on the web that lets you collect a micro amount of bitcoin every couple of minutes from a faucet and eventually accumulate enough to cash out and get a small of amount of bitcoin to your wallet.
- Mining (4 stars)Another quite safe way to make money online is Mining at your home with your pc or a dedicated pc or even a mining rig like this!:Cool aha!You will need to buy at least a high-end pc to be profitable but it will take you a couple of month to break even with your hardware investment because the earnings on mining can be very slow some times. The good news is that even if you decided to stop mining you can still use the hardware for something else like gaming. The bad is that the hardware could break so you will need to have some understanding on how to maintenance your hardware.Recommended coins to mine: zcash, dash, etherium, monero
- Cloud mining (4 stars)This method is more of in the middle-high safety range but it depends more with the integrity of the service you chose to cloud mine with. Today cloud mine services has proven themselves to be profitable without scamming and can yield a decent amount of earning which can be paid most of the time everyday straight to you wallet. It will take you ~4 month to break even with your investment and after that you'll receive pure profit everyday. The more you invest (the correct term here is: upgrade your hash power) the more you will earn so you'll need a quite high initial investment of for example 10000$ to get a payout of 20$ a day.Examples of trusted cloud mining services: genesismining.com , hashing24.com, hashflare.com
- Trusted Investment programs (3 stars)These investment programs resembles cloud mining with some key difference: a. after a certain amount of set days you'll get your initial deposit back.b. The actual earnings comes from trading with crypto-currencies done by professional traders or trading bot software.Every day you'll get a certain percent of your initial deposit usually between 0.30% to 1.5% and after a preset amount of days you'll get your initial deposit back, so you'll have your initial deposit back + all the daily earnings at the end of the investment period which can then be reinvested back into a new investment period.These programs are trusted because they go public with there trading method and have real offices , public meetings and publishers all around the world so they are most likely not here to run with your money.Examples of trusted investment programs: https://ethtrade.org/@117959, https://bitconnect.co/?ref=oren730
- Day Trading (3 stars)Buy low sell high! Sell high buy low! This is the most popular way to earn in crypto and certainly very profitable. You're really need to be a pro here to succeed but the good news is, you can learn it alone pretty quick , I'd say in 6 month you will start to get the gist. Get ready to take some loss but you'll almost never lose it all. Even if you made mistakes and bought a certain coin at the top , there is always a chance that it will crash eventually.
- High-Yield-Invetment Programs (2 stars)These Programs try to disguise themselves as trusted investment programs but they are really a Ponzi/pyramid schemes. The way they work is to lure the investors to invest a large amount of money and to get in return a hugh chunk of it everyday like 4 % until you’ve reach 160% or 7 % every 6 hours until you double your initial amount. Still, there is money to be made here if you get in early because the average time a hyip stay alive is a month and a half until its stop paying.Examples of paying hyips that strated recently: global cryptobot (add GlobalCryptoBot to telegram)
9 Invest in an ICO (2 stars)
These are essentially new crypto currencies trying to enter the market before they can be exchanged on the popular exchanges. Usually they introduce coins with special new features that can be helpful to the community in some way. Its your job to do the research and decide which one is good to be invested in. Most Ico's has a countdown of a certain amount of days. Use this site to monitor all the current ico today and their countdown. Inveting in an ico can be risky because you cant really know for sure if they are scamming or legit only a good research and experience will reveal that. The good news is that even if this is a shitcoin or a promising one, most of the time the first days of the coin life on the exchanges can bring you a large amount of profit if you dumped.
10 Gambling (1 stars) most risky!
Whether its bitcoin dice , poker, texas-holdem, roulette, they are all highly risky but the good news is that bitcoin gambling has introduce the provably-fair system which allows you to verify that every bet you made has not been manipulated in anyway. This doesn’t means that you cant lose, quite the opposite you can lose it all very fast in a matter of second if you don’t play it smart. Another thing to consider is the house-edge which cuts a portion of every bet you make and it is to make sure the casino will almost always stay in profit. The more you play the more you lose so they key is to know when to stop.
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