alternative of trading//newbie here

[zigtiem]

am a newbie to the crypto trading or any trading..
just bought 50 UNI in binance..can you coach me to earn atleast 2-5 UNI per day aside from trading..
actually i bought UNI for the price of 4.7 but now it has plunged thats why am stuck..
thanks for those that will reply

[1715403046]

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[TheUltraElite]

Well I didnt expect a newbie to be buying UNI and then getting stuck but let me put your mind at ease by saying that many other users have also fallen prey of such coins and ended up in a stalemate like this.

Did you get these UNI on the airdrop? I expect not, so did you buy them yourself? If yes, what made you buy them?

Coming back to topic, I would suggest you to hold it because you have nothing else to do with them. Sell them if the price increases and then dont ever look back to these altcoins. What you need to put your money in is bitcoin. Any other altcoin is going to be a short term game and before you know it whales will dump on you and make you lose the money you put in. Still bitcoin has shown better performance than any altcoin out there.

Make up your mind about what you want to do too. Trading altcoins does not mean you have to day trade, you can hodl too, you might get profit too. But the mental stress and trauma might be bigger to handle. Buying bitcoin at low and you see prices like today above 10k USD surely gives you much less stress.

[marks1976]

am a newbie to the crypto trading or any trading..
just bought 50 UNI in binance..can you coach me to earn atleast 2-5 UNI per day aside from trading..
actually i bought UNI for the price of 4.7 but now it has plunged thats why am stuck..
thanks for those that will reply

You were getting stuck and it's a big no for you to cut losses it because you are in the losing position.

There's no other way than do a trade to earn a small amount of UNI. It looks like you have taken the wrong decision because when you were holding USDT or USDC and you can start to earn small uni through participated in the liquidity mining.

There are some people have already suggested adding UNI as an option to the liq mining event but it's not yet approved by the UNI team.

The only best way for you to do a trade.

[Anarchy101]

First of all, I can't think of any way through which you can 2-5 UNI per day from just 50 UNI. Your only option is providing liquidity in uniswap for that you will earn a 0.3% fee on all trades proportional to your share of the pool.

Second Option: Keep holding in the hope it will go up again
Third Option: Sell them at a loss

[jossiel]

am a newbie to the crypto trading or any trading..
just bought 50 UNI in binance..can you coach me to earn atleast 2-5 UNI per day aside from trading..
actually i bought UNI for the price of 4.7 but now it has plunged thats why am stuck..
thanks for those that will reply

Sorry with that.

You're still new and you should have a test balance and practiced trading as you familiarize how's the markets work. It only means that you rode the hype that was brought by Uni and you bought it even without thinking if by sometme it will plunge.

Or, you're likely never thought that markets work like this and it's volatile. I don't know other methods of earning Uni except trading and buying it with your fiat.

[masterrex]

IMO, Since you are unfamiliar with the crypto game, buying UNI token as your first investment is a huge mistake that you should deal immediately I don't believe if that hype-driven UNI token will ever return to that $4 price level again, It will continue falling until it was done corrected by the market, If I were you it is better to sell that UNI token now until it has some value don't bother with the loss your in crypto now thats why losing sometimes is just normal.

[Inkdatar]

I bet you just go with the trend these days about the uni without knowing the risks before investing in that coin. Anyway, since you are a newbie you can take the suggestions above from others by holding it or once the price increase takes a profit. Actually, you are not the only one suffering from the red market also the others.

[yohananaomi]

am a newbie to the crypto trading or any trading..
just bought 50 UNI in binance..can you coach me to earn atleast 2-5 UNI per day aside from trading..
actually i bought UNI for the price of 4.7 but now it has plunged thats why am stuck..
thanks for those that will reply

The main thing is that if you don't know what token you are going to buy, it is better to analyze the program that may be widely spread and then determine whether I deserve to buy it because crypto moves very fast.
what you have done has happened and you must not need to panic and be upset by the situation that the price is now down, be patient if indeed the token you are holding is good enough, you can be sure that it will return to the price that when you bought it might be more.

I think your willingness to be able to benefit from the UNI tokens that you buy so that you can produce 2-5 UNIs per day is a very absurd thing because you yourself see that the existing UNI graph is in the red position and it is impossible to produce what is needed now is you are patient waiting for UNI to get back up and need patience. only certain tokens can change quickly but many take quite a long time to get up. so be patient

[traderethereum]

There is no other way for you to trade that token if the price still decreases to the low price because if you sell it now, you will not make a profit, but you will get lost.
It will be different if the price can increase or decrease every day because it can help you get the profit.
In these situations, you can hold that UNI and wait for another time for that token to increase. Hopefully, the token will not wait too long to increase.
But I doubt that token can quickly return to the high price since the bitcoin price is now down.

[zigtiem]

thanks for all the reply..i just have to jold it out and sell them when it bounce back..thanks thanks
and invest in btc

[Ucy]

Newbies/inexperienced traders are advised to start with small amount or with amount they can afford to lose until they become good at trading.  Can you afford to lose 50 UNI? If yes, then learn to trade with it... probably by first having a basic idea of how to trade crypto (you can find some interesting/ok cryptocurrency trading tutorials on youtube for example) and then try it out on a good exchange to see how well you can trade.

If you can't afford to lose that amount (50UNI), then I would advice that you convert part of the coins to stablecoin and only hold the amount of UNI you can afford to lose. You can then find time to learn ways to increase your UNI and experiment with the small amount of UNI you have to see if what you learned works and if the earning is sustainable. If it's profitable and sustainable, you could gradually start converting your stablecoin to UNI for more profits. 
I don't really know where you can earn that much you stated (2-5UNI perday of 50UNI investment)

[Eureka_07]

<snip>
just bought 50 UNI in binance..can you coach me to earn atleast 2-5 UNI per day aside from trading..
actually i bought UNI for the price of 4.7 but now it has plunged thats why am stuck..
<snip>

We're sorry to tell you that no one here can give you any idea in order to earn "atleast" 2-5 UNI per day, which has $1 to $2.5 of equivalence as of writing this post.
Seeing the price chart of UNI, it seems like it's pretty declining.
Sad to realize that your 235 USD turned to approximately 15 USD, don't buy on hype dude.
If I'm the one who experienced that, I'll decide to hold it longer hoping to get higher, I can afford to loss also that ~$15.
I'll wait if UNI went higher in price, I can wait for months or year, then just revisit the investment if it happened.
But if not, move on, lesson learned.

Buy low, Sell High