5 major ways of making money in crypto industry

[sunnystar]

We have major ways of making huge money in the Crypto Industry..
Namely

1. Coins Hodling
2. Investing
3. Mining
4. Airdrop
5. Trading coin

Coins Hodling
The best and simplest way of making it in crypto...This is when you buy and store coins or Token in your wallet for a period of time expecting it to appreciate in value...The Act of Holding, always act of getting rich in crypto!..Just bag good reccomended coins from your mentor or own research and you must surely get rich Holding.

Investing coins
This is when you see a Crypto company or blockchain business and decide to Invest your money there to get paid in Crypto. By so doing, you get to accumulate huge coins or Token as profits from your Investment....Investment is another way of getting rich in a short time with crypto.

Mining Coins
This is when you decide to mine free coins in a new coins community project through minning...mining also helps to create awareness of new coin project...Bit coin was minned, Etherium was mined and others ..now we are minning Pi Coins and many other coins projects!
You can also make money from coins minning when you are a validator..
This can only happen if you have some technical and technological know how.
It also require much money to set this infrastructure in place.
Eg: Computers, mining rings, electricity, taxes, cooler etc.....

Airdrop Coins
This is another easiest way to make money and be rich in Crypto.
You get from money out of nothing...getting free coins from a new cryptocurrency project!!
Every Coins Airdrop have their terms and conditions.
Some will tell you that you need to interact with their platform before qualifying for their Airdrop. Eg: Pancakeswap, Uniswap, 1inch, pangolin etc.....
Some will tell you to join all their social media which 99% of them are fake.

Trading coins
This is where you decide to always buy a coin or Token when it is low and sell when the price goes up in value.
Then you still wait for the price to drop to buy back again and you sell again when price goes high..
By so doing, you repeat the process over and over again.

 

[The crypto hustler]

There are several ways to make money in the cryptocurrency industry, including holding onto coins, investing, mining, participating in airdrops, and trading. Each approach has its own risks and rewards, and the most successful approach can depend on factors such as an investor's risk tolerance and investment goals. However, investing for the long-term can be a successful strategy, as it allows investors to benefit from potential long-term price appreciation and avoid short-term market fluctuations.

 

[sunnystar]

There are several ways to make money in the cryptocurrency industry, including holding onto coins, investing, mining, participating in airdrops, and trading. Each approach has its own risks and rewards, and the most successful approach can depend on factors such as an investor's risk tolerance and investment goals. However, investing for the long-term can be a successful strategy, as it allows investors to benefit from potential long-term price appreciation and avoid short-term market fluctuations.

You have a good point point, Buddy. Investing on long term could bring profit you are actually aiming rather than short period investment that tends to give zero or loss event. Infact investment on long term give a very big assurance as far as it is legit. Crypto currency has increased for some years just it went back due to its nature of volatility, but there's assurance of coming back to good price. Crypto currency has been staying for over ten years.

 

[PolySteam]

1 Hodling coins won't make you rich there is no guarantee at all. If you going to good coins hold something you can actually spend sometimes or use in some way. You have to believe in the project behind the coin not just blindly good onto any coin. Governance coins are the best to hold usually since they have their own blockchain and the bases of all use cases surrounding that fact.

2. Investing is the same as holding unless you mean using your actual hold to invest with say you hold a coin then you can invest using that coin by staking it or yield farming or running a node. It should never be seen as a short way to get rich.

3.

Coins are not "free to mine" there is no such thing as free. Currently mining is not profitable and in most parts of the world it costs more for the electricity then what you mine out. Pi coin is not mining and is most likely a scam.


4.
Airdrops are not money from nothing they require you to work. Legit ones require you to participate in a constructive manner. It's easy to tell scams but penny pinches flock to these with the mentality of "free money" if the token has no liquidity you cannot sell it. Without a use case it has no use.

5.

You can't just "repeat the process" in order to make good profits from coin trades one must trade in vast amounts of coins & only sell off coins here and there to stay generally in the green.