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Author Topic: How to start earning crypto? Bitcoin or altcoins?  (Read 487 times)
coinproject (OP)
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January 08, 2020, 07:23:07 PM
 #1

Hi members of this forum.

I am just starting in crypto stuff and I am a little confused beacuse the overload of information online. I've read that Bitcoin is not what it was used to be, or that mining is not profitable anymore. Also I've read that to make money it is better to work with altcoins.

What would be your advice for someone who does not own any cryptos but want to get some to enter in the crypto trade world?
Is it better to mine alt coins? If so, do you advice on one in specific?
And what is the  fastest way to earn BTC?  I have read that with signature campaigns but I am a newbie so I can't have a signature yet.
Any advice?
Thank you
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January 08, 2020, 07:33:38 PM
 #2

This is your first post on bitcointalk, so you should concentrate more on increasing the knowledge related to cryptos over how to earn them for free.

Mining altcoins may nor may not be profitable depends on the miner's hash rate,coin you are going to mine and its market value but making bitcoins from signature campaign is definitely not the best way to earn them. Try trading you can make some faster.

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January 08, 2020, 07:36:05 PM
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 #3

Have you read the pinned messages of this board? If you read them, you must find out one pinned message telling about how to earn Bitcoin in several ways. Read this: https://bitcointalk.org/index.php?topic=1629118.0.

-snip-
There are a few ways to earn Bitcoins, which differ in both skill and effort. A few things you can try:
-snip-

R


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January 08, 2020, 08:09:08 PM
 #4

I've read that Bitcoin is not what it was used to be, or that mining is not profitable anymore.
You can't mine bitcoin with your computer anymore. Bitcoin is now mined with specialized hardware called ASICs. You can still mine some altcoins with your computer and sell them for bitcoin, but unless you have very cheap electricity, you will likely end up at a net loss once you factor in degradation of hardware costs as well.

Also I've read that to make money it is better to work with altcoins.
Depends what you mean by "work". Most altcoins only go up in price when bitcoin is going up in price, and dump harder than bitcoin does, so longer term you are likely to lose money on altcoins.

And what is the  fastest way to earn BTC?
The fastest way to earn bitcoin is the same as the fastest way to earn any form of currency - work for it. If you have a service you can offer online, such as programming/coding, web or software development, writing, marketing, etc. then you might be able to sell your services for bitcoin. If you have a product you can offer for sale, then you can sell it for bitcoin. However, by far the quickest way for you to earn bitcoin is going to be to buy some with fiat. If you have a job, great. If not, getting a job and using your income to buy bitcoin will be much faster and earn you much more than almost any other option as a newbie.
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January 08, 2020, 08:37:08 PM
 #5

The fastest way to earn bitcoin is the same as the fastest way to earn any form of currency - work for it. If you have a service you can offer online, such as programming/coding, web or software development, writing, marketing, etc. then you might be able to sell your services for bitcoin. If you have a product you can offer for sale, then you can sell it for bitcoin. However, by far the quickest way for you to earn bitcoin is going to be to buy some with fiat. If you have a job, great. If not, getting a job and using your income to buy bitcoin will be much faster and earn you much more than almost any other option as a newbie.

Thank you for the advice, I meant to earn BTC online, not by investing hard-earned money Cheesy
I have been searching for websites paying in crypto, like freelancers website. I am bombarded in Facebook with ads that promise to earn money using apps, but I can say they are probably scam.

I guess I need to do a better research.
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January 08, 2020, 08:45:10 PM
 #6

Have you read the pinned messages of this board? If you read them, you must find out one pinned message telling about how to earn Bitcoin in several ways. Read this: https://bitcointalk.org/index.php?topic=1629118.0.

-snip-
There are a few ways to earn Bitcoins, which differ in both skill and effort. A few things you can try:
-snip-
Yes, I already took a look at them and they have good advice. After reading some tips, I am looking for a kind of a freelancer website which offers crypto payments.
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January 08, 2020, 09:21:13 PM
 #7

I have been searching for websites paying in crypto, like freelancers website.
Here's a list to get you started: https://medium.com/@cointastical/freelancing-platforms-which-pay-in-bitcoin-e38be56166df

I've not used any of the sites listed there, so I can't vouch at all for any of their reliability or trustworthiness. Make sure you spend some time to fully investigate and vouch the site before you hand over personal details. Also be aware that the market is very saturated with people who want to earn bitcoin from home. Not only may you struggle to find offers, but as I said before, your pay rate is likely to be less than what you could earn from buying bitcoin with fiat earned at a "normal" job.
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January 08, 2020, 09:21:22 PM
 #8

Yes, I already took a look at them and they have good advice. After reading some tips, I am looking for a kind of a freelancer website which offers crypto payments.

If you are looking for freelance sites check this one below.

- https://bitcointalk.org/index.php?topic=1974481.0

Also, check earn.com they have some tasks available or apply on some jobs available from their site I recently join on earn.com by just adding, tweet and like from the task I earn $1 each action in bitcoin.

And then for free coins, I think this one is good check this https://www.coinbase.com/earn
I think you can directly exchange them in coinbase or use that for trading purposes if you want to learn how to trade.

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January 09, 2020, 01:31:54 AM
 #9

Also I've read that to make money it is better to work with altcoins.
In crypto, many Altcoin shills are praising "their" Altcoin, but finally the vast majority of them are just useless "shitcoins". I'm not saying that every Altcoin is a shitcoin and I'm also not saying that it's impossible to make money with alts but it's very speculative, much more than just holding BTC.
I've written a topic about it where I've compared investments in BTC vs. Altcoins, you can take a look if you want: Is diversification into different coins really a good advice for Newbies?

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January 09, 2020, 02:06:36 AM
 #10

Earning cryptocurrencies is no different than making money online. The only thing that changes is the currency and the payment method used. You can earn cryptos with the same methods (or convert to cryptos when you're paid). For example, there are some websites paying their members to take surveys and you can probably make the same than participating in a signature campaign here.

There are some other websites paying to complete small tasks (website testing, data extraction,...). Similar to Amazon Turc. I did it for UHRS during a time, after passing an exam, you won't be rich but hey, it's some extra money at the end of the month :p I can't refuse to make some bucks doing an easy job.

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January 09, 2020, 07:57:17 AM
 #11

I repeat, earning cryptocurrency is the same as working to earn fiat online. However, aside from selling your services here mentioned above, there are website that pays fiat online such as remotask. These website allows their user to solve some task such as image annotation, categorization, image transcription etc., you can then convert your earnings into bitcoin and trade in an exchange (if you know how to trade).

I did some of the simple tasks available and get paid after a week in paypal but the starting payout is small that is why it requires a lot of hard work before reaching a higher payout.

Just DYOR before engaging in the website and I am not affiliated with remotask.
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January 09, 2020, 09:00:55 AM
 #12

Here is a list of 14 ways that you could earn crypto and Bitcoin from - The full article here (https://gocryptowise.com/making-money-from-cryptocurrency/)

The list of 14 ways that you could start with to earn some extra crypto

1. Day trading crypto
2. Hodl (Buy and hold for the long-term)
3. Staking cryptocurrencies
4. Mining cryptocurrencies
5. Running a node/Masternode
6. Accepting crypto as a payment if you are a merchant for example
7. Lending out your cryptos
8. Margin funding (kinda like lending)
9. Affiliate marketing and referrals
10. Doing crypto jobs
11. Participate in crypto airdrops
12. Participate in crypto bug bounties
13. Invest in ICOs/IEOs
14. Get passive income from revenue-sharing crypto exchanges

I myself do #1, #2, #3, #5, #9, #13 and #14 Cheesy
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January 09, 2020, 10:23:02 AM
 #13

I think you need to have enough knowledge about crypto and work hard to earn from crypto Trade is the simplest way to make crypto work. You can make money easily by trading Also Bitcoin is better than Altcoin because Bitcoin is much older and its demand is higher than Altcoin That's why I think making Bitcoin is the best way to earn.

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secone
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January 09, 2020, 10:27:57 AM
 #14

Is it better to mine alt coins? If so, do you advice on one in specific?
And what is the  fastest way to earn BTC?  I have read that with signature campaigns but I am a newbie so I can't have a signature yet.
Any advice?
Thank you

before i recomended something, maybe you can introduce yourself, like our background, if you are a student you can try learning basic knowledge about how bitcoin work etc.
if you want "just want to get free" you can try microearning in faucet, truely its very easy for starting.
if you have some money to invest learn about how to trade bitcoin, its really easy to get profit if you have knowledge in trading bitcoin.
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January 09, 2020, 10:37:46 AM
 #15

Thank you for the advice, I meant to earn BTC online, not by investing hard-earned money Cheesy
I have been searching for websites paying in crypto, like freelancers website.

you do realize that fundamentally there is no difference between these two lines?
whether you work hard and get paid in fiat (hard earned money) then invest that bitcoin or work hard and get paid in bitcoin you should still work hard and get paid. the only small difference is that you no longer have to take the extra step to exchange your fiat for bitcoin. but also there is the downside that finding jobs that pay a decent amount of money for your time is much harder not to mention all the extra scams.

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January 09, 2020, 07:04:16 PM
 #16

Hi members of this forum.

I am just starting in crypto stuff and I am a little confused beacuse the overload of information online. I've read that Bitcoin is not what it was used to be, or that mining is not profitable anymore. Also I've read that to make money it is better to work with altcoins.

What would be your advice for someone who does not own any cryptos but want to get some to enter in the crypto trade world?
Is it better to mine alt coins? If so, do you advice on one in specific?
And what is the  fastest way to earn BTC?  I have read that with signature campaigns but I am a newbie so I can't have a signature yet.
Any advice?
Thank you
this is i have to underline the  fastest way to earn BTC, many new comers have mental instanly. it must to be clearly because it not good.
best way to earn bitcoin is signature campaign but you alright that your rank not qualification so you can not join. like i said before do not to be mental instansly, you must to be patience and push your rank till higher rank to join in signature campaign

 
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January 09, 2020, 09:16:55 PM
 #17

The question is do you have enough money to run and maintain operations if you plan on mining? Many people who have entered in the crypto industry doesn't opt out on mining since it has been harder to earn mined Bitcoin as well as the hardware for it are on a steep price and that is including gpus. So they tend to opt out on a much realistic approach and that is either trading or investing in hyips the latter is a bad idea since you aren't really investing in legitimate project but on a scam. If you really want to own crypto then this is a good way but you still need to learn how to trade before you enter the market. If you don't like risking the money then maybe doing some freelance work in exchange for crypto is a much ideal way for you.
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January 09, 2020, 09:30:22 PM
 #18

Yes, I already took a look at them and they have good advice. After reading some tips, I am looking for a kind of a freelancer website which offers crypto payments.

You can also consider finding a freelance work that also pays in fiat.

Used your earned money there to buy crypto.

That isn't much difference in what you are looking for which is earning BTC online and not with the hard-earned money. Generally, you need to work whatever the payment is. Why did I suggest this way? Because in general, there are lots of freelance works that pay in fiat compare to crypto so you need to consider that way instead rather than focusing too much on finding crypto payments.

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January 09, 2020, 09:43:05 PM
 #19

And then for free coins, I think this one is good check this https://www.coinbase.com/earn
I think you can directly exchange them in coinbase or use that for trading purposes if you want to learn how to trade.
This is a very good program for the beginners so if you want to earn while learning, you can try their tasks and this is for everyone. This is ideal for newbies that wants to expand their knowledge with crypto.

The rewards they have is decent and generous.

1. Day trading crypto
13. Invest in ICOs/IEOs
IMO, this isn't ideal for beginners but it could be someday.

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January 12, 2020, 03:43:36 PM
 #20

Yes, I already took a look at them and they have good advice. After reading some tips, I am looking for a kind of a freelancer website which offers crypto payments.

You can also consider finding a freelance work that also pays in fiat.

Used your earned money there to buy crypto.

That isn't much difference in what you are looking for which is earning BTC online and not with the hard-earned money. Generally, you need to work whatever the payment is. Why did I suggest this way? Because in general, there are lots of freelance works that pay in fiat compare to crypto so you need to consider that way instead rather than focusing too much on finding crypto payments.
I agree with you and thank you for your input.
But i meant hard-earned money by working in such jobs that require you to work no matter what or you won't get paid. Working online, on the other hand allows you to work for a certain amount of hours at any time you can. Also, you don't have to do any physical effort.

But I got your point, just that I prefer to see earnings on my screen and in case I lose them by investing in crypto I don't feel as bad as if it was my hard-earned money.
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