Wouldn't it be great, if you can make
some X's or several percents in just
a couple of days - weeks?
Most people are in crypto to make money. And everyone is waiting for tremendous growth.
Here are my observations on price growth.
Reason #1:
The launch of MVP (minimal valuable product).
When developers launch a product, upgrade protocol or do some significant technical improvements, the price rises.
Example:
After the launch of MVP by Storiqa, it's price rised by 174%.
From approximately $0,007322 to $0,0200622 (May 31 2018).
How to earn:
Look at ICO's roadmap and buy tokens/coins before the launch of MVP.
The more valuable a product for customers is the higher price can be.
Reason #2:
The burning of coins/tokens or upcoming airdrop.
Developers can either burn tokens/coins (to reduce total supply) or airdrop them.
If it is decided to burn them, developers send coins/tokens to an address that no one has an access to.
If it is decided to airdrop them developers send tokens/coins to the holders (typically to ones, who participated in ICO).
Example:
I tried to find examples of the rise after the token burn, but I haven't found any indicative example.
All I can say, that token burn will definitely affect the price in the near future because the fewer coins/tokens are in circulation the higher the price is.
How to earn:
Read the Whitepaper of a project and find information about coin/token burn.
Buy assets before coin burn.
Reason #3:
Listing on an exchange.
When an exchange with a solid volume lists a coin/token, the impact on price is
huge.
Example:
The listing of Bytecoin (BCN) on Binance (May 8 2018) helped this coin to rise by 110,49%.
How to earn:
Find coins/tokens that are not listed on large exchanges yet.
Useful tip: large exchanges list pretty often coins/tokens with a ready MVP
TOP 10 crypto exchanges (by volume):
1. Binance
2. OKEx
3. Huobi
4. Bitfinex
5. Upbit
6. Bithumb
7. LBank
8. Bit-Z
9. Kraken
10. GDAX
Reason #4:
Hard fork. When a code is changed and 1 cryptocurrency splits into two.
Example:
Zclassic went from $4 to $80 when developers announced about the hard fork.
All holders of Zclassic could get Bitcoin Private.
How to earn:
Unfortunately, it is difficult to predict a hard fork and only developers know when it will happen.
After the announcement, the price can rise significantly and it may be unprofitable to buy coins.
The only advice I can give you is to hold several coins.
Some of them may undergo a hard fork process.
Note: Be careful with this. Usually, the price of the initial coin declines enormously after a hard fork.
Reason #5:
Expert recommends coin/token.
When someone influential (basically in crypto space) recommends a coin/token, the price rises tremendously.
Example:
When Reddit cofounder Alexis Ohanian stated that the price of Ethereum may reach $15,000 by the end of 2018, the price increased from $667 to $835 in 4 days.
Then he said that he misspoke and meant to say that its price would reach $1,500 by year’s end and the price dropped a little.
How to earn:
Google: "influential people in crypto space" and follow those people on Twitter.
Turn on notifications from these people and try to buy coins/tokens as fast as possible.
Conclusion:
The most effective way to earn more money with crypto is:
- 1. Buy coins/tokens before MVP is ready
- 2. Wait for a large exchange. When MVP is launched, it is more likely that coin/token will be listed on a solid exchange
- 3. It would be great if the team of ICO will burn unsold tokens
I hope to help you choose the right coins and tokens that will increase in price and let you earn money (X's).
Note that I am not a financial advisor. Do your own research before investing.
