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What are the best strategies for earning money with cryptocurrencies?

Discussion in 'Off-topic Discussion' started by Purple_Star, Apr 10, 2018.

  1. Purple_Star

    Purple_Star Fapstronaut

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    Can anyone share with an experience please? And how much money is it possible to get in general?
     
    Deleted Account likes this.
  2. Getting into crypto currencies 8 years ago, great strategy.
     
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  3. Flar

    Flar Fapstronaut

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    The most popular and profitable ones are buying & trading and mining. In case of first one you need simply to buy bitcoins for example for lower prices and then sell them for higher so your main goal will be investing money in trading operations and monitoring prices constantly. Mining is based on making calculations and building your own blockchain, it was very profitable in the very beginning, however now considering great competition for it you need expensive equipment for making more complex calculations, electricity costs will be great too. Because of that rather often people spend more money for building their units than get from them in the end :( As an alternative cloud mining can be used, in its case all calculations are made by a certain company and you pay only for its service. In this way it's more profitable but you won't be able to control all your cryptocurrencies operations and fees are rather high too, however many companies provide bargains for their service http://cryptocoupons.net/ . Also there's a risk for scam so I recommend you to sign up a contract only with well-known firms like Genesis Mining, Hashing 24, Hashflare, Eobot etc.
    There are also more ways for making money with cryptocurrencies https://99bitcoins.com/how-to-make-money-with-bitcoin/ but I should mention that almost all strategies for them are strongly connected with their prices and they change really fast. On the other hand, there's a great up now for bitcoins so you can start from them for example.
     
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  4. yaaarp

    yaaarp Fapstronaut

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    Invent a time machine
     
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  5. Cranchy

    Cranchy Fapstronaut

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    Thank you so much for let us know about different cryptocurrencies. And also sorry for my late reply here. Anyways, I have been involved in crypto for about a year. I already invested some of my money in different crypto projects. And also interested in investing in some other projects as well. But I have a question you. Do you use any crypto tools to get the update? I have been using this one https://cryptolinks.com/cryptocurrency-news-aggregator But not sure which one are you using.

    Please let me know if you have something better. I would like to try. LOL!
     
  6. TomGHP

    TomGHP New Fapstronaut

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    There are many different strategies for how to make money with cryptocurrency. You need to choose what suits you. First of all, you need to thoroughly understand this issue. It also does not hurt to have a reliable Bitcoin mixer https://blender.io/ that will provide you with fast translation of cryptocurrency
     
  7. Flar

    Flar Fapstronaut

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    Crypto-currencies are still very thinly traded even compared to lightly traded traditional currencies such as the USD-SAR (South African Rand). In many ways, crypto-currencies and crypto-currency trading is a thing of the future.
     

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