Making Money

[Md.salauddin]

It depends on how you calculate your profit? in btc or usd. I personally calculate my profit in usd, now in btc most people trading altcoins have no profit..Usually people use coinbase to obtain bitcoin with fiat, most likely by bank transfers. So when you wanna sell your crypto you do the same process as you did when you bough just the reverse of it.

[lotfiuser]

yep i sell it for cash for dollars black market price and even if its banned and law  doesnt allow it i always fidn buyer by just posting on facebook

[Lucky_U]

Yes, you can hold or to trade altcoins on exchanges, making profit. Some of exchanges allow you to trade directly to usd and then make withdraw.

[LeoEspansq]

How exactly does the money making process work?  You buy some cryptocurrency for a certain price then sell it for a higher price and the difference is the money you've made?  This would mean that the money you've made is still in terms of cryptocurrency.  Then can that money be converted into the whatever kind of cash your country uses?  How does it work?

So it works like you described, and the conclusion is either through exchanges with a commission, or through trusted people. In general, those who want to get a lot going for long-term retention of their investments, on short-term ones are very risky.

[laluna24]

We have many ways or strategy on making money in cryptocurrency. On how we can earned to grow our money so some buy worth coins and wait for the prices to increased. Others do holding until such time it meets the goal to grow atleast the money. Once already earned it may converted into fiat exchange that you can spend.

[rallyko]

 I'm looking for promising altcoins, with an interesting idea or a finished product. I wait, when these altcoins will grow in price from x2-x3, then I sell these altcoins and buy other altcoins. If I need money, then I change my bitcoins for dollars through an exchanger.

[Andrey123]

The whole essence of the economy and trade operations, buy something cheaper and sell it more expensive.
That's the whole secret)
The main thing is to understand at what point this is done and which tool to choose.
This people and learn for years.

[r.bhalla07]

In my thinking the main thing is which work will you do and which process will you take and how many time you work to earn more money.

[LeroyBro]

yep i sell it for cash for dollars black market price and even if its banned and law  doesnt allow it i always fidn buyer by just posting on facebook

That's an interesting approach.

Does it work a lot in your experience? How frequently do you find buyers?