Braino's "No-Brainer" Free Guide to Altcoin Money MakingThis guide is free. It shouldn’t be since it will make you money but there are lots of ways to make money in crypto so here we go...
I would have thought these things are obvious but so many people are too lazy or just clueless to understand how this all works so it’s time for a guide to help you all along the way.
Ways to make Altcoin profit:
A. Trade coins
B. Develop a coin
Simple.
Method A works like this:
Step 1) Buy low-priced coins
Step 2) Sell coins for value higher than purchased in step 1
Step 3) Repeat
Method B works like this:
Step 1) Develop coin software
Step 2) Sell coins and/or software
Step 3) Repeat
In Method B Step 3 is only done if Step 2 results in more money than it cost to complete Step 1.
Here is how to combine Method A with Method B to make money, we will call this Method C:
Step 1) Buy low-priced coins
Step 2) Develop software for low-priced coins
Step 3) Sell coins for value higher than purchased in step 1 as a result of new software from Step 2
Step 4) Sell software
Step 5) Repeat
In Method C you increase not only how much you profit but also in what ways. Coin software does not have to be just wallets, it can be games, apps, services, etc.
If you support the development of a coin it’s value goes up.
You do not need to be a coder to develop software. It is easy enough to hire any number of the talented developers on this forum (and many other places) to build software that will help a coin. If the cost of hiring them is less than you will gain from the sale of your low-priced coins at their increased value then everyone wins.
Using Method C:
- Devs get hired
- Software gets developed
- Coins get upgraded
- Values rise
All from simple progression.
Let’s use QuickSilver(QSLV) as an example…
In the order book as of this writing there is a block of over 100K QSLV available at 1500 sat. (No, this is not my dump, that would be very obvious.) Feel free to speculate on what this is in a different discussion but for the purpose of this example that is profit potential. Since this coin has been struggling a little and the original dev is busy, the community has the chance to contribute and make money.
After that chunk of 100K coins @ 1500 sat the climb to 3K is very easy. (Check the book)
Doubling the value of the coin would make those 100K QSLV worth 3BTC.
This means budget for hiring devs, etc. is created. A new wallet can be made for +/- 0.5 BTC and additional nodes, etc. can come out from there so already profit can be gained.
Even at 3K sat the coin has no where but up to go. What if it goes to 9K or more? This coin has seen those kinds of valuations and could see them again so 1.5BTC of QSLV could turn into 9BTC or more with some simple steps.
Anyone could do this if they wanted to (in fact I still may) and that is what crypto is all about!
Enjoy your profits
