What do you need to learn to make profit in Crypto?

[Why you bully me]

I'm new to crypto still and I was wondering what should I be learning if I want to make profit from crypto? I was thinking just learn how blockchain works then smart contracts then learn PoW and PoS etc. Then maybe I learn some about popular coins then I just learn to use graphs and learn to trade. I already know about wallets and scam attempts phishing etc.

Is my strategy good or is this not good?

Any help is greatly appreciated.

[Oshosondy]

Is my strategy good or is this not good?

It depends.

If you want to join a signature campaign on this forum and profit from bitcoin, you can know more about bitcoin.

If you want to make profit from trading, you will need to learn how to trade, this does not require much knowledge about blockchain, PoW and PoS.

If you want to be a developer, you will need to know more about CSC and programing

Which means it depends. Try to know the part you want to focus on.

You can even just hodl.

[harizen]

Is my strategy good or is this not good?

Any help is greatly appreciated.

Just lurk everyday in the crypto world reading crypto-related stuff. The fact that you have now learned about wallets and some scam attempts related to crypto, was a great start and you understand well what you read. Try learning the basics of crypto-trading as your next subject.

Take one step at a time and soon you will be used to it. While in the process, try to make small trades along the way to somehow feel the actual pressure of doing trades. Just be serious if you really want to know more about how to profit in crypto.

[Imran232]

Is my strategy good or is this not good?

I think your strategy is enough good. There has a simple reason what is you are learning first. And i feel soo happy that your first priority is learning. And i feel happy because if you doing like that then when you started your journey you can generate profit easily thats a good sights for your self. In my crypto journey i learn lots of thing but my most useful learning is we have to learn first and also we have to learn in our every day, every moment of our work. Because learning gives us hope, confidence and calm what we badly need for our any work. So i think if you continue like that you can achive a best success. And you can made your own strategy and also you can verify your self your strategy good or not.

[Insanerman]

I'm new to crypto still and I was wondering what should I be learning if I want to make profit from crypto? I was thinking just learn how blockchain works then smart contracts then learn PoW and PoS etc. Then maybe I learn some about popular coins then I just learn to use graphs and learn to trade. I already know about wallets and scam attempts phishing etc.

Is my strategy good or is this not good?

Any help is greatly appreciated.

Crypto is just digital assets. Earning profit can still depend on your works. Example: you can be a freelancer yet can accept crypto as a payment hence you earn crypto. But if you want trading, I suggest you should understand the very basics of trading first and be specialize in crypto. Trading itself takes years of both studying, practicing with no funds, and applying it with real trades to master and sometimes wouldn't that be profitable (depending ofcourse if you do leverage trading with high margins). You should also consider having enough money to invest first plus your risk management is a must. There's also pre-sales and shitcoins that creates huge profit but you must be careful as it is prone to rugpulling and not every projects are legit.

Gambling is also profitable and can be more profitable than trading if you start with 1000 usd capital. Both are high risk high reward.

[Rengga Jati]

As a newbie,  having good read about the basic of cryptocurrency is very good starting.  Many newbies deny this and don't want to do this.  Glad to know you.
First of all,  what kind of earning do you want?  Trading or investing?  Or others? 
If you are going to learn trading and investing,  it is better to learn also about:
1. Available trusted and reputable exchange in your country,  if not,  you can go to Binance and register
2. You can learn about lists of crypto here in coinmarketcap and also CoinGecko
3. If you want to start trading or investing,  ensure that you already know the risks probably loss
4. Always be aware that you only use money that you can really afford to lose
5. Better to choose top coins,  not new coins or tokens moreover the hype coins,
6. Learn about coibs that have good fundamentals,  utility,  market cap and also trading volume,  moreover have been listed on top exchange
And more,  I am personally always learning by doing

[Whytee]

Use the buy and hold method

Many people make a lot of money by buying cryto resources like BITCOIN,RIPPLE, LITECOIN, COINITY, etc. and hold it  till their price value raises. When their price value appreciates then investors cash in on them at a profit. In order to make profit you must take your time to study the trade movement to your full understanding before investing. What you  about crypto is that the profit comes only if you give yourself to study the trade first.

[lovesmayfamilis]

I am always interested in the history of messages from people who create threads with certain questions. Reading your message history, I see that you invested in bitcoin for a long time, then you had experience with Binance. Today you are asking what else you need to make a profit from cryptocurrencies. Identical questions from topic to topic. Do you want to be given a guaranteed way?
Buy Monero as you are interested in this coin. Buy bitcoins again. Try to invest in small amounts.
Stick to a certain position, to begin with. If this is an investment, read on and try it out. Theory alone is not enough. If you are interested in trading, in the same way, communicate in the topics on trading, ask for advice exactly about your interests. In the meantime, it is difficult for you to advise something specific since you don't know what you want.

[sapnu]

One of the key points you need to learn in crypto that is very essential is patience, but first you should start making yourself more knowledgeable about different concept before you apply that in your journey here, I would suggest that you explore as much as you want in the forum and take a look at some questions that you have in mind that is also being asked by other crypto users. You can also try reading some news about crypto and find some worthy experts whom you can rely on so that you can stay updated on the happenings in the crypto world.

[Why you bully me]

One of the key points you need to learn in crypto that is very essential is patience, but first you should start making yourself more knowledgeable about different concept before you apply that in your journey here, I would suggest that you explore as much as you want in the forum and take a look at some questions that you have in mind that is also being asked by other crypto users. You can also try reading some news about crypto and find some worthy experts whom you can rely on so that you can stay updated on the happenings in the crypto world.

you have recommendations regarding who to watch ?

[AakZaki]

learn basic trading technical analysis and fundamentals, because everything will be related to trading. trading knowledge will be very important in the future as you get to know cryptocurrency more broadly.

By trading you will find it easier to get profit (according to your capital). Don't just go through theory, but need trading practice to hone your skills. a lot you need to learn, the world of cryptocurrency is very broad and a lot of new knowledge is waiting for you to know.

[isaac_clarke22]

~

What're you trying to accomplish actually? Earn from your knowledge in crypto or earn cryptos?

For the former, you could trade. Back then I watched Youtube vids made by CryptoJack though I am not sure if his channel is still live, but it taught me the basics on day trading in Binance back then.
For the latter, you could just offer your services in here. You could also do a freelance job in LaborX which pays in crypto.

[TheMimic1]

1. Promote projects aka ( bounty participation )
2. Buy coins
3. Buy graphic cards and start mining Ethereum
4. Buy PoS coins and stake
5. Learn trading

So far there are more ways to earn money in crypto space and the list still goes on most especially if you have talent about applications or finding bugs

[20kevin20]

Learn to control your emotions and learn to distinguish between emotions and instincts. Follow the latter as often as you can. There are things that helped me a ton during my crypto experience. The more I followed my instinct, the more I earned. The more I followed my emotions and fears.. the more I lost!

Crypto trading is way more unpredictable than any other stock or commodity. Trading analysis only works very well as long as the crypto markets stay in the same conditions.. otherwise, you might fail tremendously!

[SquirrelJulietGarden]

To have profit, you must learn and control yourself to avoid FOMO and panic sell. Make sure you make your cut loss to buy back at lower price, and hold for long term investment.

Trade does not make you rich.
Margin trade makes you poorer.
Future trade makes you suicide.

One of the Best Weapons in Trading

[UserU]

Cryptos is pretty much like stocks, except with higher volatility. Go check out communities/ news sites like Reddit or Coindesk as they're rich in info. This forum does help, but I hardly see any trading tips or (shit)coin recommendations here.

On an unrelated note, is your username a quote from s1mple?

[blckhawk]

Is my strategy good or is this not good?

Any help is greatly appreciated.

Just lurk everyday in the crypto world reading crypto-related stuff. The fact that you have now learned about wallets and some scam attempts related to crypto, was a great start and you understand well what you read. Try learning the basics of crypto-trading as your next subject.

Take one step at a time and soon you will be used to it. While in the process, try to make small trades along the way to somehow feel the actual pressure of doing trades. Just be serious if you really want to know more about how to profit in crypto.

I like this response, I am the type of person who believed that reading is the key to knowledge so yeah I agreed that if you want to make a profit in crypto then always read crypto stuff. However knowledge alone is not enough that is why you need experience, try to engage in more crypto stuff like trading, investment, and more. That knowledge you have gained will be your guide for example you could make a trading analysis out of the current trend in the market, that way you'll be able to win and make a profit.

[mediaBuzz]

Not to listen to random advice people give. Stock trading, crypto trading - those are professions. You cannot become good at the along the way. There are paid courses on them. If you feel you want to go into trading seriously, consider one of such courses. That would definitely save you money and time.

[boyptc]

That's good.

You should really be aware of the scams out there so that you can avoid it by yourself because most of its victims are newbies like you. And if you're eyeing to trade.

Just keep gaining experience and learn to trade with small amounts first.

[Why you bully me]

Cryptos is pretty much like stocks, except with higher volatility. Go check out communities/ news sites like Reddit or Coindesk as they're rich in info. This forum does help, but I hardly see any trading tips or (shit)coin recommendations here.

On an unrelated note, is your username a quote from s1mple?

Yes it is! I used to play csgo years ago