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Hey all,
I have been here for a while now, and I love how active the forum is. It is almost impossible to not get an answer to your question. For this, I thank you all.
However, when it comes to making the first buck with crypto, I haven't settled on any one method. I have heard people trade, hodl, and do all sorts of other things yet, none seems to be the kind of thing you can do to make a living.
Well, what I mean is, none of them seem to provide the potential of freeing you from 9-5. Obviously, there are many things that I might not be seeing. So, this is the main point of this post.
What would you recommend is the most secure way to make money in this world of crypto/blockchain, web3?
Also, what are some of the things that I should learn first perhaps to build up a foundation? some sort of roadmap.
Because I sometimes get confused in all this and have a hard time connecting the dots. Having a roadmap of some sort would allow me at least to understand that it is not something that I need to learn but this is what I was supposed to already know. you know, as if I was learning a new programming language.
One of the ways of earning as I've learnt is through airdrops, bounties, testnet of upcoming projects. These require only your time, gadgets and internet to invest. And you can also go by investing in some cryptocurrency coins mostly the upcoming ones which are highly risky or just buy the major coins like Bitcoin, Ethereum, Matic and the likes and hold until the bull run to elmake profits. |
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Many projects are starting to show up, some are testnet phase as we speak but I am not interested in any because they are all same old projects with different names, I could say that developers think we are all fools but what about those investors that are too stupid to think and do good research?
Almost 99% of new projects are same copies of the old projects with different name, do not be a fool investors, spend time to do your own research.
Developers mostly don't have your interest at heart, we all know it's all about the money but they aren't doing something new that worth our money, make sure you do your diligent research.
I have read series of posts advising us to do our research very well before investing in any project but as newbie, most of us don't even know what to research. What are we to look into before getting to know if a project is cool or scam? The help needed by the cryptocurrency newbies is not to be caution but how to be cautious of what to invest into. |
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Months after the killing of innocent Nigerian youths exercising their fundamental human rights at the lekki toll gate by some members of the Nigerian army on an executive order, more deaths have followed. Not at the hand of the pandemic, but this time as a result of the clash between members of "Eastern Security Network" (ESN) and the Nigerian Army leading to more deaths both from direct and indirect gun fire, and loss of properties in the eastern part of Nigeria. The crisis had been brewing since last week after an altercation between ESN members and the police resulted in death and a viral video of members of the ESN celebrating in a police vehicle they confiscated surfaced. Economic activities in the state have been really affected as a dusk to dawn curfew has been instituted.
Deaths caused by gun-fire in the eastern part of Nigeria is not a new case anymore as the country is currently experiencing serious case of insecurity and this has lead to different groups of bandits or people claiming to be Revolutionist that are fighting for course that is beneficial to themselves only and in so doing putting innocent lives in danger. Nigeria is no doubt called the giant of Africa because of the massive population in the country and this population and ethnic difference in the country and this too is a major component of the killing in the country. The country is divided in terms of unity and diversity has caused so many issues for the people and the government, for me I just feel the nations needs to be united in order to stop most of the problems its facing. One of the problem is diversity of the ethnicities just like you said but the major one is lack of reasoning resulting to nepotism. Nigerians prefer having an amateur from their ethnicity in position of authority than the expert which will do a perfect work from other ethnicity or geographical location. Inasmuch the round pegs are not put in the round hole in the country and people don't see governance as competence thing and but ethnicity thing, the country will keep having wrong leaders who will be making things from bad to worse year in year out. Once the stop playing ethnicity and religious card, things will start going in the right places that will see the country's cumulative problems solved. |
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From my own side here, I still make something reasonable from few bounty campaigns out there, just many of these campaigns end up being a waste of time. The last one whose signature I made over $2,000 from, was neglected by high rank members of the forum and I took advantage of it. It ended up being the second best of my bounty campaign ever. Some campaigns still worth the time.
Wow, you surprise me, while most people, including the legends on the forums, admit that bounty campaigns have become useless and are no longer bringing any return worthy of the effort hunters put in, you say you made $2k in a signature campaign. I am inquisitive about the name of this project because I have been following it continuously since 2020. Until now, there has been no bounty campaign that can bring such big profits. Did I miss something? According to his posting history, the last bounty campaign he was was Kuwa.io. Spreadsheet shows that he has got 950 tokens. The highest token prices was in the middle of November and it was about $0.0068. Users wallet shows that his token value is about 4 cents right now (he did not sell them). Either he was talking about some other campaign, but definitely not about his "last". I also looked through his past bounty hunts and I saw a particular one for tdox token https://bitcointalk.org/index.php?topic=5407009.msg60624060#msg60624060. He was literarily the only person that completed the first round from which he got 80% of the allocation for signature bounty. He also earned from the 2nd and 3rd round and that token is currently trading at $0.00000051. He truly earned that. I wish I can also be that lucky someday. |
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500,000 BTC Pieces is required by my clients. You might not have all, but you may send FCO for the one that you have. Make everything simple and easy to comprehend This trade is strictly BANK to BANK No Chain preferred and we are BUYER and SELLER's AGENT OURSELVES Treat as urgent. SEND YOUR GENUINE FCO TO 1trillionbitcoin@gmail.comor even if you buy too This scam. And the negative trusts on the profile explains it all. No one should deal with this because he's looking for a victim to devour. |
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Bull market is when the cryptocurrency market persistently rises in price and bear market is the opposite. The price falls continuously beyond expectation in bear market.
The bear market is the time to buy and you take out at least some profits during bull run. And the best way not to lose in either of the market is being careful and not to be greedy.
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I doubt there is a way to get it back without involving a government security agency who would trace the transaction and hopefully to a CEX where the KYC details of the thief will be gotten and arrested.
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We are currently in the bear market. And there has been series of unfortunate occurrence since the past few months causing panic in the cryptocurrency world ranging from Luna crash down the FTX fresh. But the market will recover as we face the next Bitcoin halving.
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Another Bitcoin halving is expected to come in 2024. As it has been in the last two Bitcoin halving, the bull run follows. As we anticipate another Bitcoin halving, when is the right to buy in and stock up Bitcoin in order not to be left behind in the next bull market?
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As a newbie, what people say hear as regards bounty earnings in the past few years is no longer encouraging. I doubt a time of earning good pay will ever come again as the number of hunters increase everyday.
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You can't get an online trading platform that will allow you trade such sum of money without passing KYC in order not to infringe the Anti Money Laundering (AML) law. It will be better if you can look for a buy within your local territory to deal.
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There is no way you sell your car for crypto except you look for your own buyer who also wishes to pay in crypto. Place an advert on any of these online markets and state the trade terms include crypto payment may be you will eventually get a buyer.
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Adding more liquidity to the market or into the economy will only bring about rise in the price of commodities which will end up reducing the purchasing of the poor. Series of free monies were given out to the people during COVID-19 lockdown because no one could work at the time. The effect of that too much of free money is what results in global rise in the price of basic needs coupled with the effect of Russian/Ukrainian war.
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Cryptocurrency is seen as an investment and not a currency for day to day business transactions. Even if cryptocurrency will be spendable like a normal fiat currencies, it will eith be the major cryptocurrencies like Bitcoin and Ethereum. Many of the other altcoins will never be useful beyond their DeFi ecosystem.
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First, I don't think anybody will see the US as being a debt defaulter even if she doesn't pay her debts on schedules. The major advantage the us has over other countries as regards foreign debts is the debts are in the US currency ($). And all these foreign economists believe the US can just decide to print more bank notes and clear her debts most especially the internal debts, except there is a legislation that prohibits her to do so.
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