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Author Topic: How does one start on crypto?  (Read 2557 times)
blockman
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October 02, 2021, 11:26:37 PM
 #81

As you said it has brought income, I myself used to participate in searching for airdrops but now that work is not my priority in this market because there are so many ways for me to make money instead of wasting time with airdrops, it still generates income and don't despise small airdrops.
It does generate income but for those good projects only and it's not always there to give for those airdrop participants. But if you're prioritizing the market and you have means of making money through it in a legal aspect and you're very profitable from it you just have to keep going.
The truth about airdrops, there are airdrops like the AXS airdrop from Axie Infinity that has given a huge chunk for the early founding members and participating in these airdrops are very rare and you'll not know if the project you're in has something surprising to do in the future.

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October 04, 2021, 03:41:46 AM
 #82

I would looking into staking stablecoins as a starting point. Stablecoins are assets that are typically pegged to some other currency or commodity. For example USDC is a token which matches the US dollar 1:1. There are many reliable places in the crypto space which pay a high APY, much better than leaving that money in a bank account in my opinion.
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October 08, 2021, 12:59:07 PM
 #83

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

Before you go into cryptocurrency you need need to understand what cryptocurrency is all about , the benefits, challenges and how it works and other more, get sound knowledge about cryptocurrency. Get in the back of your mind that cryptocurrency does not make one rich and it's not something you can depend as a source of income. When you invest into cryptocurrency it will help you from financial stress.

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October 09, 2021, 01:26:18 PM
 #84

The Crypto world is expanding daily and becoming deeper and complex than when it began
Nevertheless, you have to start your crypto dealings from the very simple steps

Here are some of them

1. Sign up with exchange platforms like Binance, Coinbase, crypto.com, etc
2. Buy any crypto asset you are interested in
3. You should first search the internet for some projects and decide on which crypto to buy and hold
4. You can read about ICOs
5. You can use your computer to start mining
6. You can also trade cryptos on exchange platforms
7. You can peer-to-peer trading of USDT at a profitable price to buyers on exchanges and off exchanges
8. You can also stake the cryptos you bought and earn additional percentage profit
9. You can also earn from Non-Fungible Tokens (NFTs)

These are few i can discuss at this time......I will edit this post later to add more opportunities as they come to mind
Have a beautiful and profitable experience as you explore any of these media
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October 09, 2021, 09:20:43 PM
 #85

I would looking into staking stablecoins as a starting point. Stablecoins are assets that are typically pegged to some other currency or commodity. For example USDC is a token which matches the US dollar 1:1. There are many reliable places in the crypto space which pay a high APY, much better than leaving that money in a bank account in my opinion.
It is true that staking those stable coins are much better than to just save them on the bank. But don't be misled about saying "high APY" because for stable coins, they're not really that much but they are realistic. But since you're going to deposit that to a centralized exchange or service for the staking, you still don't have the ownership of it while it's being staked so the risk is quite high if that's what you're going to do with your stable coins.

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October 29, 2021, 05:55:06 AM
 #86

I would looking into staking stablecoins as a starting point. Stablecoins are assets that are typically pegged to some other currency or commodity. For example USDC is a token which matches the US dollar 1:1. There are many reliable places in the crypto space which pay a high APY, much better than leaving that money in a bank account in my opinion.

So you mean to buy the stable coin like USDT or USDC and fix them on the exchanges to get the interest on them. This could be a good thing if you have a lot of money and you have no further knowledge about crypto currencies. In the meanwhile i suggest you to learn the crypto trading as this can give you much better results than only trading or staking the coins.

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October 30, 2021, 06:38:28 PM
 #87

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

Its good to know that you are turning your attention towards crypto to meet your monthly expenses. One thing we need to understand is that earning profit from crypto is challenging, its not a piece of cake. Before you invest even 2 figure in crypto, I suggest you to please study the crypto market first. One great platform for learning crypto trading is this forum. You can read threads here or start your own thread if you wanna ask something. If you jump in crypto market without equipping yourself with necessary knowledge and tools you may end losing your money. 
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October 31, 2021, 04:17:53 PM
Last edit: October 31, 2021, 04:38:39 PM by UmerIdrees
 #88

I would looking into staking stablecoins as a starting point. Stablecoins are assets that are typically pegged to some other currency or commodity. For example USDC is a token which matches the US dollar 1:1. There are many reliable places in the crypto space which pay a high APY, much better than leaving that money in a bank account in my opinion.

So you mean to buy the stable coin like USDT or USDC and fix them on the exchanges to get the interest on them. This could be a good thing if you have a lot of money and you have no further knowledge about crypto currencies. In the meanwhile i suggest you to learn the crypto trading as this can give you much better results than only trading or staking the coins.

You need to have capital in order for you to start the trading business. Many people do not posses much capital an for them, the best course of action is to earn some free crypto through Airdrops and bounty.
Also this may not make you much money, but for those who do not want to invest initially, this is a good way to start on crypto. It will also help you earn and as well as you will learn too.

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November 01, 2021, 12:14:43 PM
 #89

Anyone can come and experience this crypto industry. For newbie it is very important to know that what is Crytocurrency is all about. How it is different from fiat money and how it will effect society. They should understand future of crypto currency in this high-tech modern world. Learn from YouTube or blogs about crypto and after satisfaction enter in this Areana. Don't go on past performance of any crypto otherwise this will be your biggest mistake in whole life.
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November 01, 2021, 04:15:08 PM
 #90

I think if you visit a cryptocurrency academy it will make things more easy for you, it will give you good foundation and a solid background to take good steps in your cryptocurrency journey. Apart from that there are other things which you can do that can help, study cryptocurrency materials too .

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November 02, 2021, 04:30:11 PM
 #91

I would looking into staking stablecoins as a starting point. Stablecoins are assets that are typically pegged to some other currency or commodity. For example USDC is a token which matches the US dollar 1:1. There are many reliable places in the crypto space which pay a high APY, much better than leaving that money in a bank account in my opinion.

So you mean to buy the stable coin like USDT or USDC and fix them on the exchanges to get the interest on them. This could be a good thing if you have a lot of money and you have no further knowledge about crypto currencies. In the meanwhile i suggest you to learn the crypto trading as this can give you much better results than only trading or staking the coins.

You need to have capital in order for you to start the trading business. Many people do not posses much capital an for them, the best course of action is to earn some free crypto through Airdrops and bounty.
Also this may not make you much money, but for those who do not want to invest initially, this is a good way to start on crypto. It will also help you earn and as well as you will learn too.
trading or staking yes they both need a capital and capital is not a problem with the op .
op can put 3 to 4 digits but before he proceeds ,
 it would be better if he start on the verry beggining which is to read and learn if what are cryptos and on how cryptos work so that he can reduce his risk of loosing but no doubt that most of us here have proceed in doing airdrops and bounties right after we learn some crypto knowledge .
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November 09, 2021, 10:49:43 PM
 #92

Am definitely sure you can make extral cash from trading but the problem is before you start trading you have to understand the fundamentals of cryptocurrency, you dont have to start large you need to start small to understand how trading is and you have to understand the pathern that works for you and also since you are starting small don't really expect massive profits.

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November 12, 2021, 05:32:09 PM
 #93

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

There are number of ways to earn crypto currencies here in this forum. Yes, starting from signature campaign, trading and etc. Yes for a beginner it would be bit difficult to earn from trading but yes after once its learnt, yes its going to be yielding a good amount of profit when investing in the best coins in the market.

I was introduced to this forum in 2016 by my friend and started up with posting and side by side trading with small investment. Yes both really supported me earn to manage the basic requirement.

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November 13, 2021, 08:15:42 AM
 #94

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

Without proper guidance, now very challenging to earn from crypto where many many fake men waiting for you to catch your invested money. I will suggest you to make work on experienced person who are on this ground for many days. If you wants to earn by investment you have to take risk in different coin but before that you have to study about that token and roadmap also. thanks.
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November 26, 2021, 02:58:33 PM
 #95

The first step would be to watch a simple video about cryptocurrency in youtube, a short one and then one can start by creating a wallet online and creating an account on exchange and buy some bitcoin a very small amount may be of 10-15 Usd, join this forum and read some older posts about bitcoin, sending some bitcoin to wallet or someone else. And then one can go on for ether and binance. Slowly one can get into crypto gaining knowledge himself/herself.
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November 28, 2021, 11:29:50 AM
 #96

Now a days even a guy who completes a collage, looks for options online to earn money. As Bitcoin is booming now a days and the news around on Bitcoin promosing its huge return when anyone is investing in Bitcoin and in other best crypto currencies after a complete analyze. They do see things practically that their friends are earning a decent profit out of Bitcoin and other crypto currency. This is how many here now a days start investing into cyrpto currencies.

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virasog
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December 02, 2021, 03:59:52 AM
 #97

I would looking into staking stablecoins as a starting point. Stablecoins are assets that are typically pegged to some other currency or commodity. For example USDC is a token which matches the US dollar 1:1. There are many reliable places in the crypto space which pay a high APY, much better than leaving that money in a bank account in my opinion.

If you need to stake stable coins, why would you need to jump into crypto. You can deposit your fiat in the bank and get interest on it on monthly/quarterly basis (although the interest given by banks are less as compare to the APY for stable coins)
A better option is to join the crypto trading where you can trade the volatility and generate much more income.

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Frengki_cisco
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December 03, 2021, 03:04:18 AM
 #98

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.
The best method is to trade with you make trades within a certain time frame you will get good results every day and month, the problem is that you have to really understand the trading strategy, if you don't want to invest.

The crypto you choose to trade is also very influential and important to determine the value of your assets per day and per month.

BTC
WalrusTusk
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December 05, 2021, 04:41:24 AM
 #99

Buy a book and start reading up on crypto. I’d recommend that as any internet learning you do, at least general learning such as reading and watching videos, is not retained as good in the body and mind as print media and books. So, buy a book and read up on it and also watch YouTube videos and stuff. Also just play around with the sites that are bitcoin related like wallet sites and exchange sites. Eventually you’ll gain an understanding of the field and it will get you comfortable and knowledgeable on the basics of crypto and then you can move on to more advanced topics if you’re interested.
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December 12, 2021, 06:48:24 PM
 #100

Before investing on any coin, I would say, just start with paper trading. Just take time and identify the best coins in the market. Discuss with friends here who are already into a successful trading. Once the correct coin is chosen, start your paper trading. Then when you are familiar with moves, technics and etc, invest about $200 on a cheapest and best coin in the market. Dont worry about loosing in the beginning. Its part of learnning.

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