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Author Topic: It is not easy to make money in cryptocurrency  (Read 10251 times)
Republikcoin.com
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September 07, 2020, 03:43:40 AM
 #161

Crypto, as with many industries, requires some prerequisites if you're after making money with it. Since it's involving online and market activity, on occasion luck can be a factor to account for on some cases, although that can't be reliable. Expertise is what's important. If someone can develop a skill related to crypto, then it's much easier to earn an income through the space. This is valid for any field really, but since the question is about crypto, then I'd say that it applies doubly here. Wanna earn coins? Know more about coins. Learn skills that tie in well with the space and provide services to related projects. Sometimes it's really a time investment other than initial capital. Such investment can also pay well in the long run if you play your cards right.
if people learn the strengths of any project they want, I'm pretty sure they can open up opportunities to make money from there. it's just that what's hard to do is learn about the project and look for its strengths. most of the investors only see the benefits they can get, or guess what developments will occur. however, it is not easy to make money when we don't learn what to use.

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September 07, 2020, 06:26:28 AM
 #162

For those who invest in new projects, the most important thing to remember is not to put all of your eggs in one basket. From what I have seen, the success rate for the recent projects have been quite low, in the order of 4%-5%. So if you invest in 20-25 projects, you can expect one of them to give you good returns. So diversify your investment, and don't put a disproportionate share of your capital in to any one project.
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September 07, 2020, 09:01:05 AM
 #163

Believe me my friend, anywhere in the world, it is not easy to make money. If you see any airdrop that promises 100$, 200$, 300$, 500$ and above just for referring peeps, or sharing post online, then it is atmost 99% fraudulent.

Likewise, if you see trade signals that promises certainty, or bounties that promises you a fixed price for your token, be wary. It is not that easy nor realistic.

I think it does depend though. In the whole world it is not easy to make money anywhere. Also, it is part of the business if an airdrop or a bounty promises you certain token or reward in respect for work-done. It is up to you to decide if you buy the idea and would like to join in the project. We have seen projects ending up paying the promised worths, while some don't make the cut. This is why it is mandatory that you always do your own research.
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September 07, 2020, 09:20:26 AM
 #164

there is a lot to pay attention to if you want to make money from the world of crypto currency accuracy and accuracy of seeing a coin if all is mastered
then it is likely to get a profit
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September 07, 2020, 09:26:24 AM
 #165

Getting money is never easy too, if one will make money in a legit way, it has to be stressful. But luck do fall on one's side atimes, if you invest wisely, you'll get some cool cash. But depending on predictions that are not realistic can be very deceiving its just better not to depend on anything.
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September 07, 2020, 10:03:48 AM
 #166

Believe me my friend, anywhere in the world, it is not easy to make money. If you see any airdrop that promises 100$, 200$, 300$, 500$ and above just for referring peeps, or sharing post online, then it is atmost 99% fraudulent.

Likewise, if you see trade signals that promises certainty, or bounties that promises you a fixed price for your token, be wary. It is not that easy nor realistic.

I think it does depend though. In the whole world it is not easy to make money anywhere. Also, it is part of the business if an airdrop or a bounty promises you certain token or reward in respect for work-done. It is up to you to decide if you buy the idea and would like to join in the project. We have seen projects ending up paying the promised worths, while some don't make the cut. This is why it is mandatory that you always do your own research.
Yes because in this world we are on our own even if we have friends that can help us always think your only ally is yourself so do everything that will profit you and believing airdrops or projects will depend whether you will take the risk or not so always do research and always check the community of that project its really going well.
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September 07, 2020, 01:38:48 PM
 #167

Not like that, we can earn easily with our own research on the project. we should do our own research before investing in any crypto. we should analyze the coins which we want to invest make sure the coin is for long term or short term. we can have lot of crypto market analysis platform over there. we can thoroughly research about the coins analytics. after that we can safely trade and gain the more profit on the cryptocurrency.
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September 07, 2020, 01:56:37 PM
 #168

there is a lot to pay attention to if you want to make money from the world of crypto currency accuracy and accuracy of seeing a coin if all is mastered
then it is likely to get a profit
time to master it all I think that takes quite a long time. Most people who are new to the crypto market either follow the advice of their colleagues or follow the growing trend in the market. mastering better skills will of course take time and we will acquire them if we are in the market frequently.
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September 07, 2020, 02:12:35 PM
 #169

It's very difficult make money in cryptocurrency world. You have to buy low and sell high, this is the only simple concept but you can't be always lucky and you have to study a lot also the projects. Sometimes also the good projects don't perform as we aspect

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September 10, 2020, 02:02:33 AM
 #170

No good and valueable thing is without a cost, the list position in bitcoin would be the bounty hunters and with that, we know what it takes to have a successful hunting, 2016 when we were making most social media campaign, we don't really submit the trend,later submission became compulsory , likewise then to attain the next rank was easy,there was not really merit revealing then, but now to leave a rank or to gain a merit is not a child's play. I'm sure after this bull run new rules will be introduced because people are coming into cryptocurrency on daily basis.
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September 10, 2020, 05:28:46 AM
 #171

If earnings money in the real currency was too difficult to gain it, how much more in cryptocurrencies. Am I right?
Because, most of the community here in the crypto space, they may have a lot of knowledge about in the altcoins but their earnings
here in this field of industry is not quite huge it could be more or less moderate only something like that.
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September 10, 2020, 05:43:21 AM
 #172

Crypto currency is an amazing way of earning pofit, but this is not an easy way, because in crypto it is really a win or lose basis. Sometimes we earn and sometimes we loss because cryptocurrency is not stable it is high on volatility and everything depends on how you handle things or maybe act on different situation on the crypto market it also need a big patience specially on trading and investing.
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September 10, 2020, 05:47:46 AM
 #173

The problem occurs when you get greedy and go after little known coins and tokens with shady credentials. Those who had invested in established coins (Bitcoin, Ethereum, and even BCH and ADA) have got anywhere from 200% to 1,000% returns during the last one and half years. Obviously some of the noobs are not satisfied with this much returns, and want 100x or 200x returns. They will invest in scam projects and in the end will lose all of their capital.
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September 10, 2020, 05:52:16 AM
 #174

Crypto currency is an amazing way of earning pofit, but this is not an easy way, because in crypto it is really a win or lose basis. Sometimes we earn and sometimes we loss because cryptocurrency is not stable it is high on volatility and everything depends on how you handle things or maybe act on different situation on the crypto market it also need a big patience specially on trading and investing.
when we do not have sufficient capabilities to invest or trade in the crypto market then buying crypto is like a gamble. as you say, we will very easily get profit, but we are also very easy to lose. there is always a risk to every trade, but the crypto market has something bigger.

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September 10, 2020, 06:05:13 AM
 #175

If you are a newbie then crypto is a very dangerous place for you. You need to understand who not to trust first. Also no risk of no rewards in business. So think it as a business and gain more experience. You can make a good amount of money from crypto after that.
Absolutely, without good knowledge and experience, you shouldn't make money in crypto. That's first thing first and therefore you have to shift your focus from earning to towards the learning. When you get some experience and knowledge about the crypto market then you will start seeing things more clearly. 
If you got enough experience then you can all out in trading knowing the fact of high risk you will be extra careful on buying and selling at trade but always remind yourself not to get too greedy as newbies always do. Remember to make profit rather then making a loss.
There is no clear short-cut to becoming a successful trader gaining the require experience is the key to make profit consistently while taking money management as key factor also contribute to it.
Greediness and getting to get rich quick has lead to a colossal loss of funds by some newbies who just wanted to trade fast and make money quickly not mindful of the risk involved in trading cryptocurrencies while getting rekted at the end.

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September 10, 2020, 06:54:19 AM
 #176

Way back in 2017, you can easily earn thousand of dollars from airdrops and bounties.
Today you need to use your skills to earn from crypto, like being community moderator in telegram, social media promoter, etc., but some airdrop and bounty sill profitable.

You can still earn money in crypto by participating in IEO, Contract trading and by holding bag of altcoins with potential fundamental analysis.
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September 10, 2020, 07:06:54 AM
 #177

Way back in 2017, you can easily earn thousand of dollars from airdrops and bounties.
I remember those days, though scams are already existing that time but still many bounties and airdrops are profitable to join, you just need to be patient. But gone are the days that we can see a good bounties nowadays its rare to find a legit project and airdrop is like a waste of time due to scam. So if you want to earn you need to exert an effort to offer your skills or you need a good capital to start investing in a well-established coins.

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September 10, 2020, 07:10:00 AM
 #178

Way back in 2017, you can easily earn thousand of dollars from airdrops and bounties.
Today you need to use your skills to earn from crypto, like being community moderator in telegram, social media promoter, etc., but some airdrop and bounty sill profitable.

You can still earn money in crypto by participating in IEO, Contract trading and by holding bag of altcoins with potential fundamental analysis.
It is very natural that at this time there must be special skills in order to be able to earn from crypto, because crypto conditions always change every year due to different trends at certain times, so the same thing will certainly never happen again at this time. although the conditions for the crypto market will experience a good improvement, everyone's income will obviously not be the same as in previous years.

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September 10, 2020, 07:47:40 AM
 #179

I agree with you nowadays many projects are coming in the market but most of them are fake only few projects are good and I believe that in future more projects will come in market but they won't be successful because nowadays competition is very high only big projects can survive in this market
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September 10, 2020, 07:51:03 AM
 #180

Of course yes there is no such ways where you can earn money easily you have to work hard with full of dedication in any field even if it's crypto industry. These days it's very difficult to find a genuine bounty if you could successfully find a genuine bounty then you have to face tough competition between huge amount of participants, it's all happening these days that's the reality.
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