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Author Topic: It is not easy to make money in cryptocurrency  (Read 10325 times)
Freescan
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September 24, 2020, 07:27:07 PM
 #241

it is easy for those who have expertise in this field whether they are good at trading, right in choosing investments and dare to take high risks including playing gambling. but not for me who have no expertise in the blockchain field., i just rely on crypto investment and try my luck from bounty program.

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September 24, 2020, 07:34:13 PM
 #242

It is the potential to form a colossal return on your venture, but it too brings huge volatility and dangers. ICO encompasses a part of pitfalls. You've got to take care about choosing the correct ICO. On the off chance that the ICO coin isn't exceptionally profitable, you'll run the chance of losing money.

Therefore, you’d superior contribute once you think the venture is sweet sufficient, and as it were contribute in what misfortunes you'll afford.
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September 24, 2020, 07:38:44 PM
 #243

the reality is Making money in this space requires patience and consistency. One could spend up to six months gathering airdrop and bounty tokens without getting any money. The most important factor is getting the knowledge of how things are done and being familiar with the process.

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September 24, 2020, 07:57:02 PM
 #244

Looking on how people got rich from uniswap airdrop (some guy received about 2 millions us dollars), making money in crypto might seem easy. But in reality, it is a complicated combination of luck, research, skills and “flair”.

Only few have all set of this components, other only believe they have all.
Of course, in the cryptocurrency market, it is impossible to be successful without good knowledge, enough experience and luck. Together, these factors can give a beginner market participant a good start and lead them to their well-deserved success.

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September 24, 2020, 08:01:38 PM
 #245

Is true that making money in crypto this days is not easily because most projects did have a good plan and budget before they start. Sometimes ago like 5 to 6 yrs ago, one project will give you cool money but now there are somethings that must be in place before determining if the project is good.
1. There must be a thorough research about the project
2. Hard work
3. Must be a risk taker

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September 24, 2020, 08:05:18 PM
 #246

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.
Things happen when the bull market is approaching that can enrich almost everyone. We are still far from the bull market and Uniswap gave over 180000 users 2400$ each, even for those that the transaction didnt go through. Last bull gave some bounty participant reward close to 50k and more at distribution. Because it does not happen now in the bear does not mean it doesn't happen at all

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September 24, 2020, 08:20:13 PM
 #247

If making money is 100 percent given then the entire world would be pouring their money here. It's not easy , you have select the right project and hold your nerve for a long time possibly to get profit.
There is no better project on this cryptocurrency industry that has the hunters in mind. I always advise community members to be more careful while choosing their promotional project they wanted. Though there are little projects of this kind in this recent times but with research into projects will hive positive edge. For investment, I won't advise anyone to buy altcoins now because of Bitcoin downward movement, only buy Bitcoin and hold for long-term.
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September 24, 2020, 08:20:37 PM
 #248

Looking on how people got rich from uniswap airdrop (some guy received about 2 millions us dollars), making money in crypto might seem easy. But in reality, it is a complicated combination of luck, research, skills and “flair”.

Only few have all set of this components, other only believe they have all.
To be honest, its all about luck. Look at how many air drops take place daily and on extreme rare occasion only one of them are good while the rest are shit. Its like if you start collecting thousands of airdrops for like years, you will get only one or two that are worth something while the rest are crap.
True doing some research you might get lucky, but honestly, its not worth the time you will be spending over there.

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September 24, 2020, 09:14:34 PM
 #249

Money is not easy to make not only in crytocurrency one has to work very hard to make it.But to me 2017-2018 was the best year to make money in crytocurrency.I made so much from bounties and airdrops unlike now where so many of the projects pays very little or not at all.Nowadays you have to make large investment in good projects to make considerable amount of money from crytocurrency.I hope the conditions improve so that we will earn more from the cryto-projects.

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September 24, 2020, 10:26:25 PM
 #250

You are right, making money this days with bounty and airdrop seems somehow hard as there are alot of scam currently, before doing any referral for any airdrop nowadays, you need to check if the project is legit so as not to waste time.

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September 24, 2020, 10:29:56 PM
 #251

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.

To believe that somewhere you can earn easy money without difficulty is very, very rash. In any case, you need to understand otherwise you can lose either money or time. I have never had any illusions about earning money in cryptocurrencies. This helped me to be careful and saved me from big losses.

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September 24, 2020, 10:49:48 PM
 #252

I agree with the advice in the opening post, there is no easy way to make money in cryptocurrency. Even in any field it is not easy
to make money, especially in the crypto world which is indeed risky, must be careful with every tantalizing offer. Because it is impossible
and unrealistic if someone offers to make money instantly, something like that I believe is 100% fraud.

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September 24, 2020, 11:09:12 PM
 #253

If making money is 100 percent given then the entire world would be pouring their money here. It's not easy , you have select the right project and hold your nerve for a long time possibly to get profit.
There is no better project on this cryptocurrency industry that has the hunters in mind. I always advise community members to be more careful while choosing their promotional project they wanted. Though there are little projects of this kind in this recent times but with research into projects will hive positive edge. For investment, I won't advise anyone to buy altcoins now because of Bitcoin downward movement, only buy Bitcoin and hold for long-term.
You can switch from Bitcoin because in 24 hours Bitcoin positive 5%, where Ethereum 8%. Bitcoin can't always be a profitable coin. Only Bitcoin holding huge billions dollars, will it take time to pump where new projects will take a short time. Actually a better project always exists, suppose in one month one legit projects could be available.
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September 25, 2020, 03:32:38 AM
 #254

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.
Its a good analysis and sentiments that must be take note by new bounty hunters. Also, for you to earn money in cryptoworld you must really invest lot of efforts and time and you really need to make more researches to the following bounty that you will be joining so that your efforts and time will not be wasted.
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September 25, 2020, 08:04:08 AM
 #255

Our life is not determined by others, we are the ones who choose the best decisions for us. Don't rely on anything else in the crypto world, unless you've researched it yourself, as much experience will make you understand the market better.
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September 25, 2020, 09:26:34 AM
 #256

Our life is not determined by others, we are the ones who choose the best decisions for us. Don't rely on anything else in the crypto world, unless you've researched it yourself, as much experience will make you understand the market better.
It is very difficult to be successful without very good knowledge of the cryptocurrency market. You need to constantly improve, learn new things. Then you can distinguish a good project from a bad one and invest money wisely. And of course a good profit will be a reward.

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September 25, 2020, 09:31:04 AM
 #257

Making money in the cryptocurrency market is very difficult. The market is risky, and the value of cryptocurrencies may plunge by negative news.
I have seen Bitcoin plummeting from 9k to 4k in 1 week.
I have seen many altcoins discount 10 to 100 times and maybe more.
The bounty hunters get tricked or get less money with their efforts.
Many DEFI projects are scams or overly exaggerated.
Although there are many risks, there are still many profitable investors, with large fluctuations making this market attractive. Perhaps it's more attractive than gambling because I see many people willing to spend large sums of money on an anonymous team project.
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September 25, 2020, 10:20:33 AM
 #258

It is very difficult to be successful without very good knowledge of the cryptocurrency market. You need to constantly improve, learn new things. Then you can distinguish a good project from a bad one and invest money wisely. And of course a good profit will be a reward.
Yes, and seeking knowledge and new things in cryptocurrency also takes a lot of time, because the world of cryptocurrency is always filled with new things that everyone must learn, because looking for profit in crypto is no longer as easy as the past.
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September 25, 2020, 11:15:22 AM
 #259

That is true , but not 100 % true. For example people who get easy get a lot of money from UNISWAP airdrop . In cryptocurrency space we must always up to date about promising project. So , when can select between scam projects or not.
That's just 1 in 10,000 chance and only small amount of people gets the UNISWAP airdrop compared to the percentage of crypto users around the world and not gonna happen for the second time.
Most of people still trying to make money out of investing and trading but it's a lot more difficult to gain profit than losing the money so OP is pretty much on point about this as of now.

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September 25, 2020, 11:50:36 AM
 #260

You are right, making money this days with bounty and airdrop seems somehow hard as there are alot of scam currently, before doing any referral for any airdrop nowadays, you need to check if the project is legit so as not to waste time.
Yes, in terms of choosing a bounty and airdrop, it is necessary to check beforehand so as not to harm the time we will spend on the bounty and airdrop, especially if a bounty is very long in duration.
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