Cryptocurrency Survival

[ArkiCrypto]

Good day everyone, right now i'm starting here in the cryptocurrency industry and I've done some different researches about how am i going to survive here meaning different ways to earn and also a place to learn (But i guess this forum is enough to learn) Today I'm going to start on how am I going to survive here in this cryptocurrency.

Purpose: The purpose of this thread is to share my knowledge as well as my strategy on how am I going to earn profits without investing money and also to learn from others through their opinions, perception and perspective. This will serve as a open forum in discussion about surviving in this industry.

Goal: Earn Cryptocurrency and Profits without Investing Real Money (Fiats)

So right now I have some list on how am I able to earn and regrow my profits the list below are my steps and my goals. This steps is made by me it may not work to everyone but at least they can get a little bit of knowledge or an idea on how they're going to make step in this kind of new industry.

QUARTER 1: (Newbie-Jr. Member)
In this quarter we will going to focus on learning about the forum and cryptocurrency industry. Knowing the purpose and movements here in the forum such as how to contribute and participate well in the discussion here and learning more about cryptocurrency industry using this forum.

• Studying about how bitcoin works and other cryptocurrency, different kinds of wallets, how to buy/get it, where to use, ways to get it, how the price changes and other technical terms i would suggest to use google for this. (Google is your friend)
• Focusing on ranking up the account by contributing here in the forum such as participating in the discussion that is related to cryptocurrency stuffs but first you should have a background about the cryptocurrency industry so you really need to do the first step. (The good thing about this step is that it's not just about ranking up because once you participate in the discussion you will learn and learn no matter what but it depends on the person itself lol)
• Explore different areas here in the forum read different threads, replies, etc. I'll guarantee to you that you will learn from it and if you don't get what are they saying or they're using technical terms then you use your friend google to learn what it is.

QUARTER 2: (Member-Full Member)
In this quarter we are going to focus on signatures, bounties and saving which will have a great effect to the next quarter. Once you've construct yourself (Gain knowledge from quarter 1) you're now able to move to the next step which is working and a saving step.

• Learn how to earn using this forum such as bounties. But you can also earn through airdrops (But some of them ended up being a scam) The most known work here is the signature campaign where in you're going to promote the projects name using your acccount in this forum but in order to people to notice that your post should be constructive and knowledgeable which where you learn from quarter 1.
• Saving. I know that this is the hardest part but the most important ones, you should save a lot when you're working through bounties and campaigns (I use paper wallet to save my coins and also for me not to withdraw it because theres's a lot of work before you can withdaw it and i'm too lazy to do it but it's up to you how you're going to save your coins. (I don't recommend online wallets because they're holding your private key and there's a chance that the site may hack or the server will crash, etc.)
• Study different ways to regrow money such as Trading, Opening a Services, Investing to ICO's, etc. to have a background that you can use in the next quarter

QUARTER 3: (Sr. Member-Above)
In this step you're probably do have a lot of knowledge about cryptocurrency, the forum and different ways on how to regrow profits and in this step is where you can start your own do trading, invest to different projects, gambling (Not recommended) etc. But in this step i will focusing on investing to ICO's (This is what i want and I want to share so... here it is  )

• Learning what ICO is, how to invest, how to have profit and what is the risk you're going to face. (Well all investments does have a high risk so you better know what you're about to face.
• Here you're going to use what you've saved from working when you're a member-full member but it's all up to you if in quarter 2 you can start investing.

End. This is my way on how am i going to survive in this industry without investing a single penny. I hope you'll learn something from this.

Note: Investing to ICO is profitable and it's very helpful to grow the community because when you're going to invest your about to help a project that's related to cryptocurrency but there are some ICO's where they're taking advantage to new investors and scamming them to avoid this you can search how to avoid or to spot an fake ICO or you can read the thread I've made: https://bitcointalk.org/index.php?topic=3196383.msg33152916#msg33152916

PS. Just what I've said this may not for everyone but I hope I contribute something to this forum because I've seen some of my countryman are skipping some of the important things here in the forum and that's LEARNING and they're jumping all to bounties just to earn earn and earn without prior knowledge about cryptocurrency. And last thing if you do have a opinion, perspective about my post feel free to reply this thread is made so people will learn from each other's strategy and opinions.

[newgal2017]

Well this post really helps me a lot even though it's not perfect but the concept of guiding a newbie or people who forgot to learn here in the forums helps a lot. I've seen that all is connected and all of it  started at a learning phase which is the most important ones.

But in the future i think i would just be focusing on investing to trading since ICO these days are ended up being a scam. But i think i need to do more reaearch about trading since it's a litlle bit complicated.

[gabby08]

Well this post really helps me a lot even though it's not perfect but the concept of guiding a newbie or people who forgot to learn here in the forums helps a lot. I've seen that all is connected and all of it  started at a learning phase which is the most important ones.

But in the future i think i would just be focusing on investing to trading since ICO these days are ended up being a scam. But i think i need to do more reaearch about trading since it's a litlle bit complicated.

Thank you for this interesting post esprcially for the newbie people like me thanks sir

[tera linh]

Hello, whatever new thing that comes out of it is always a problem, always opposed because people are used to the present, and let the crypto exist that is the survival battle that overcomes the obstacles and prohibitions to continue to grow

[Anti-Cen]

QUARTER 2: (Member-Full Member)
In this quarter we are going to focus on signatures, bounties and saving which will have a great effect to the next quarter. Once you've construct yourself (Gain knowledge from quarter 1) you're now able to move to the next step which is working and a saving step.

So in quarter two your going to become a bottom feeding troll spreading FUD in other words.

Tell me, out of interest are you from injia or something ?

[LeGaulois]

If you're here for the money, then it's not a good start, to be honest. People are supposed joining the forum because they have a real interest in cryptocurrencies and not really about "profits"
Crypto was not created to give the opportunity to make profits.

Here is a quote about trading which is giving a good mentality

The goal of a successful #trader is to make the best trades. Money is secondary

good luck still

[ArkiCrypto]

If you're here for the money, then it's not a good start, to be honest. People are supposed joining the forum because they have a real interest in cryptocurrencies and not really about "profits"
Crypto was not created to give the opportunity to make profits.

Here is a quote about trading which is giving a good mentality

The goal of a successful #trader is to make the best trades. Money is secondary

good luck still

Well i'm here is just for knowledge because it really amaze me until now how the cryptocurrency works, how the blockhain works, mining, trading, etc. this weeks ago I ask myself "how am i able to earn profit without investing fiats and having a stable income" no matter how big or small the profit i just want to that goal.

Maybe just to challenge myself, to gain knowledge (experience) and also for fun  

[akemi1487]

The article will be very useful for every one because the post is categorized as per the knowledge of the readers and every small details are mentioned very clearly

[ArkiCrypto]

Seems pretty legit to me. Even though some people may have different ways, this one seems very helpful to me. I’m sure many people will be benefited by this post. Many thanks for sharing your idea.

I'm glad to hear that. I hope that many people were going to read this since this is my way in order to contribute in this forum by sharing some of the knowledge I've learned from experience as well as from reading and exploring in this forum, I hope newbies we're able to read this content because I know some that are too lazy to read posts and they want a topic that is easily to reply in order to complete their duty in their signature campaign.

[croptodic]

Thanks a lot for the very useful write up. I am fully on boarded that you are suggesting for the newbie and juniors. People should do this kind of tasks or research before involving in crypto market.

[weertgilders]

Cryptocurrencies will like other currencies and investments will have to stand the test of time and only the best will actually pull through.

[santino11]

Such a great brain in having this post, But how people wish on this community to get back at the track like before.
Now to have better rank will be a big travel as we are not just referring to the activity.
We are now into MERITS also, but the Smerit is not available now, as planned before it's a monthly refresh but what is happening now?

[Yeahnoh]

Cryptocurrencies will only survive if they are well set up with good tech, good algorithm and a project people believe in otherwise they don't survive.

[DooMAD]

It was a valiant attempt and I appreciate your efforts in stressing the part about people needing to learn first, but there are a number of things in the OP I'm not particularly inclined to agree with, so I'm just going to completely rewrite it (sorry).  Some of these are points which I've borrowed from my own website, which is still a work-in-progress, but may also prove a worthwhile resource.


Preface:

Consider your motivations for getting involved to begin with.

If you believe "traditional" money is broken and needs to change, you're almost certainly in the right place.  Many people are attracted to Bitcoin primarily because of the corruption and abuse that centralised systems are prone to.  Banks and governments have proven time and again that there are some huge downsides in giving them your blind trust.  Freedom and privacy are also some of the primary reasons why people are enthralled by Bitcoin.  While it's okay to think about your overall wealth in the process, it's generally better to focus on the ethos of Bitcoin and what it represents.  Here, we subscribe to the notions of open-source, permissionless and trustless.  If you can't abide those underlying principles and perhaps desire someone in charge to keep everything under control, consider alternatives, as Bitcoin may not be right for you.

While it's not the healthiest motivation, if you are here for the profits, start your adventure with the knowledge that the majority of ICOs are specifically designed to part inexperienced and impressionable people from their hard-earned money.  Most of them are only profitable for the people who run them.  You can be successful in crypto without ever touching an ICO.  Trading or investing in established and reputable altcoins is far less risky and you can still potentially make profits.  But also understand that it's still effectively gambling and it's equally possible to make losses.  There's a strong element of personal responsibility here in the cryptoverse.  If you've ever had problems with gambling addiction, bankruptcy or other serious financial difficulties, strongly consider if getting involved at all is really a good idea.  This is not a magical get-rich-quick scheme or some sort of free handout.


Stage One: (because "quarter" implies four and you only had three steps)
This is indeed the learning stage.  There should be no funds at risk.  Purely education.  While the forums here are certainly a helpful learning tool for the most part, try to stay aware of potential bias or misinformation.  Avoid taking things at face-value.  Not everything is quite as sensationalist or dramatic as it might first appear to be.  People can be highly reactionary creatures, but calmer heads usually prevail.  Seek as many perspectives as possible and then make up your own mind based on what your own research and fact-finding tells you.

• Understand the absolute basics.  Rule #1 of Bitcoin is that if you don't have control over the private keys or seed phrases, you don't have control over your bitcoins.  Be wary of services that store your funds online.  Don't trust others to look after your money for you.  Don't treat exchanges and webwallets like banks.  Use unique and strong passwords.  Don't reuse important passwords elsewhere in the internet.  Make multiple backups and ensure they're stored securely.
  
  
• Ensure that you have a reasonable working knowledge of Bitcoin and cryptocurrencies in general before any money is involved.  There are so many informational resources out there, but try to find ones that maintain a degree of impartiality.  Make sure you understand both the positives and the negatives before diving in.  There are certain pitfalls you need to avoid, particularly when it comes to security.
  
  
• Consider that it's not all about the free handouts and that if something sounds too good to be true, there could be consequences.  You might get lucky and be on the receiving end of a worthwhile airdrop or giveaway.  But it's equally possible to be on the receiving end of a social engineering scam designed to harvest your personal details for the purposes of identity theft or selling your information on to marketers and spammers.  It should go without saying, but be very selective about the details you choose to hand over to strangers on the internet.
  
  
• Know that due to the complexities and nuances involved, you can't easily sum everything up in a three step guide like this.  There's so much more information that ideally should be included, but simply won't fit.  Take plenty of time to absorb as much data as you can.  It's a long road, so take it slow, don't try to rush things.  The road also gets longer, giving you more to catch up on.  Due to more recent developments like SegWit and Lightning, the learning never actually stops.
  
  
• The focus should categorically *not* be ranking up your forum account.  It will either come naturally, or not at all.  Don't even think about it.  Just ensure you're contributing things that are informative, helpful and, most important of all, unique.  There's no point in rehashing what the last dozen posters have already said in a slightly different way.  Think of a fresh perspective you can offer.  Don't start threads about merit, don't even talk about merit.

Stage Two:
This is the wallet selection and first investment stage.  Because if you seriously believe this has value, you shouldn't expect to get it all for free.  Make sure you know what you're doing before you part with any money.  But in fairness, there's no better way to learn that to start doing it.  You'll learn more as you go.  Try to avoid investing after prolonged price rises, wait for a dip.  Timing is everything.  Only invest what you can afford to lose.

• The first step to using Bitcoin is selecting a wallet to use, but you can have more than one type of wallet if you like.  Desktop wallets are installed on your home computer, or if you want to use Bitcoin on-the-go in your everyday life, you can have a wallet on your smartphone or mobile device.
  
  
• For your desktop wallet, choose if you want to contribute to the Bitcoin network by becoming a full node, where your software will automate the checking and relaying of transactions, or just be an end-user with a lightweight or SPV client.  A full node is more resource intensive, but has some advantages when it comes to things like privacy.
  
  
• Consider the values you store in your different wallets.  Large sums should not be kept on a portable device in case it gets lost or stolen.  If you have really large sums of Bitcoin, make sure you learn about cold storage and "airgapping".  Other options to learn about include multisignature and paper wallets.
  
  
• You can buy your Bitcoin in several ways.  There are services like LocalBitcoin.com which will match you with potential sellers.  There are Bitcoin ATM machines.  There are exchanges.  Not all exchanges are equal, some may be safer than others.  Each of these options have their own pros and cons which you need to be aware of before making your selection.
  
  
• Continue to advance your knowledge and understanding as you accumulate more bitcoins over time.  Once you've reached a stage where you're confident that the things you're saying here on the forums are sensible, well reasoned, helpful and accurate, then (and only then) consider applying to a signature campaign.  No one should be paying you to post crap, but if they are, it won't last long before both they and you are reported and likely banned.  You don't want that to be you.

Stage Three (completely optional):
This is the trading and speculation stage.  You can try playing the markets to make profit.  Know the risks and remember the part about how personal responsibility is a key element.  If you make a few bad decisions, it could cost you a significant sum.  There are no "ifs" or "buts", this is gambling.  Pure and simple.  Only deposit what you're willing to lose.

• You can attempt to sell your Bitcoin in exchange for your local fiat currency to turn a profit, but this isn't always a wise choice due to the volatile nature of markets and frequent shifts in laws and regulation.  You may find a time comes where your access to buying and selling Bitcoin for fiat becomes financially costly depending on which way the markets move.  Or it may become legislatively restrictive if you reside in an authoritarian country.
  
  
• If you are trading altcoins, make sure you've done plenty of research.  Don't just pick the latest one you see being promoted and hyped, because that isn't always a guarantee of success.  At the same time, coins that sound like they have impressive technical advancements aren't always profitable either.  There usually needs to be a balance between innovation, security, functionality and popularity.  Markets are incredibly fickle.
  
  
• It's safer if you don't put all your eggs in one basket.  Exchanges have a distinct and pronounced history of hacks and security breaches.  If it's not too much inconvenience, try to divide your funds between several reputable exchanges.  That way, if one does run into difficulty, you won't lose everything.
  
  
• If you do make a significant profit selling some of your altcoins, strongly consider not reinvesting all of it.  Maybe withdraw a proportion of the funds you've made to your own wallet and reinvest the rest of your profits, just in case your luck runs out.
  
  

[ArkiCrypto]

It was a valiant attempt and I appreciate your efforts in stressing the part about people needing to learn first, but there are a number of things in the OP I'm not particularly inclined to agree with, so I'm just going to completely rewrite it (sorry).  Some of these are points which I've borrowed from my own website, which is still a work-in-progress, but may also prove a worthwhile resource.

It's alright, there's no problem as long as the people will going to benefit from it, from our knowledge. Just what I've said this is like an open forum where people can give their opinions, idea and own knowledge in order to help one another or to share knowledge to others.

Well this is also a knowledgeable one I hope more people will be able to browse this topic as well as to view replies.

[StevenPop]

Cryptocurrency will survive for a long time to come I believe. A lot more people are starting to come in and to understand how useful bitcoin and other cryptocurrencies are so just that wil sustain it.`

[nedeken01]

Bitcoin is 100% going to be around in 2025 if there is a world to be in. Beyond that;Ethereum - it will be running in the background and you won’t even no it. Litecoin - Call it anything you want, but I see it as a legitimate back up to BTC for currency purposes.

[Ashwell John]

Yeah sure, Cryptocurrency will survive for a long time. Anyways I have read about SciDex for scientific data research. Looks like a good and good project. I will keep an eye there for sure.

[zenrol28]

Nice game plan you have there OP. Learning the basics is the key to be successful. I'm sure you'll have a good future here. But always remember that learning is also a never ending process. Even if you reach the last quarter of your game plan, which is you didn't stated but I think it's "enjoying your hard-earned profits quarter".  

[wel24]

Yeah sure, Cryptocurrency will survive for a long time. Anyways I have read about SciDex for scientific data research. Looks like a good and good project. I will keep an eye there for sure.

Oh,  Yeah, I've been thinking the same. I'm interested in SciDex project- they seem really interesting.Only one ico that looks promising