Make Money With Cryptocurrency
Hello, friends today We will discuss how to make money with cryptocurrency in this post. I know that you know how to make money with cryptocurrency but maybe you lacking these points.
These money making tips are taken from the success stories of overnight millionaires. Many of them become king within a moment while some of them become poor. So we will discuss complete methods to make money with cryptocurrency.
How to Make Money With Cryptocurrency?
1. Dividend Paying Cryptocurrencies
Dear friends If you are a beginner or have less knowledge of cryptocurrency and blockchain technology then dividend paying cryptocurrencies could be your best resource to generate good regular income.
You can use dividend-paying stocks or cryptocurrencies as a good passive income source. As per the dividend-paying stocks you have keep on hold these cryptocurrencies.
Dividend-paying cryptocurrencies pay you a regular income if you hold these cryptocurrencies in your crypto wallet.
Along with passive income benefits, there may be some risk. You could be an innocent victim of scammers.
In dividend paying cryptocurrency you have to lock up your cryptocurrency for a certain time period like 12 months or 24 months. It depends upon the company rule and coin owner personal interest.
Here in this long time period, you can not sell your coins if cryptocurrency price goes down.
Dividend-paying stocks are the best example of such kind of cryptocurrencies. The owner company of these stocks gives a certain percentage of amount for holding stocks.
2. Stacking Funds Make Money With Cryptocurrency
Stacking funds in cryptocurrency are becoming the most popular method to make money with cryptocurrency. It is quite similar to dividend-paying stocks but here you did not get any regular passive income.
If you want to earn money with stacking funds then you have to store your cryptocurrency like a fixed deposit.
After completing that time period you will get a certain percentage on your stacking funds. Similar to banks these funds are used to mine cryptocurrency by the company.
Along with several benefits and increasing popularity, there is some big risk also.
- Our crypto could be hacked as we have to store it online.
- And also we can not liquidate before the defined time period.
- These may be the risk of price fall as we have locked funds.
Onecoin coin-Safe is the best example and I hope everyone is familiar with it. In the Onelife company is someone holds ONE cryptocurrency for 12 month period then he/she gets 10% extra coins after the maturity date.
3. Make Money With Cryptocurrency By Trading
Cryptocurrency trading is the main feature to make huge money in a very short time period. Some people may call it a price speculation technique.
In this method, we have to purchase cryptocurrency and wait for the price increase. While price will increase sell your crypto and get profit from price speculation.
Sometimes this price speculation could make you a billionaire with the blink of the eye time period. There are so many billionaires success stories with crypto price speculation.
- You should have complete knowledge of price fluctuation behavior.
- There are 50-50 chances of getting profit or loss.
- Profit or loss could be so high or so low.
Make Money With Cryptocurrency Through ICO Investment
This is a good practice to earn the significient amount from crypto ICO investment. Actually, in this process, you have to invest money before launching.
If ICO becomes successful then you can earn a good amount. But you have to be very careful while investing in an ICO.
You have a cross check the white paper and also look up who is behind that company.
After clearing from each point of view invest in ICO and earn the profit.
There are 60-40% chances of success and failure of any ICO. So I will suggest that you have to invest in at least 10 ICOs to earn a profit.
If you are planning to invest Rs: 100000/- then invest it in 10 different ICO.
Make Money With Cryptocurrency By Mining
Mining is the safe side to make money with cryptocurrency. Through this process, we need a good performance setup.
Before mining always check the difficulty level. If the difficulty is low then you will earn a good profit.
Likewise, if the difficulty rate is high then your mining cost may be less profitable. Check all points before mining.
Mining is always good because there are multiple choices for achieving more profit.
You can use your mined coins as per your choice like trading, stacking funds, dividends paying or as you want.
So I discuss all possible process to make money with cryptocurrency. And if you will follow these tips then you can earn a good profit with cryptocurrency.
Making money is not a tough task but should be fully aware of all aspects.