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Author Topic: Alternative ways to make money without trading cryptocurrency  (Read 276 times)
Melignya (OP)
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September 01, 2021, 08:32:58 AM
 #1

 The problem with cryptocurrency trading is that it is very difficult for a beginner to master. These days, there are many alternative methods of making money from cryptocurrency. I found an article on Boxer about as many as 5 ways to make money from cryptocurrency ( I will leave the link below) I would like to read how you feel about it, can you share your experience, thanks in advance Smiley https://blockster.com/blockdesk/1448_5-alternative-ways-to-make-money-without-trading-in-crypto
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September 01, 2021, 03:30:33 PM
 #2

The article mainly talks about those methods:
  • Launchpads
  • Blockchain Games
  • Centralized Lending Platforms
  • Yield Farming
  • Staking Platforms
Personally, i don't think those methods are efficient enough to help anybody make money without practicing Trade.

Let me suggest you another two great topics where you can find more ways to obtain cryptocurrencies without investment:
  • How to earn Bitcoins: which is a useful old topic made by user Lauda describing the common ways to earn bitcoin.
  • Obtain Criptocurrencies without buying them: another great old topic made by user IlVeroNico, where you can find more methods easy to practice by anybody without the need for investment or tecknical background.

 
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September 01, 2021, 03:54:44 PM
 #3

To earn money at the present time now without trading cryptocurrency I think is play to earn crypto or NFT games. This is very trend now actually, and as of the moment there are a lot of games now arise in cryptocurrency business industry were most of the community now are looking for this opportunity in which they think it can give a nice profit in the end.
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September 01, 2021, 04:19:16 PM
 #4

Cryptocurrency trading is indeed very difficult, not only for beginners, sometimes people who have been in Cryptocurrency for a long time can also find it difficult to trade. 
And that's how it's done as an alternative to getting coins for free, and I'm currently doing that too. Playing games and earning Crypto coins is a fun thing I do right now.

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September 01, 2021, 04:51:27 PM
 #5

I think trading is easier than that 5 ways to make money from cryptocurrency. Although it is difficult for beginners, but gradually beginners will become an expert trader. Making money through staking, yield farming is time dependent. The value of your assets may also decrease during the staking period. In this case, the amount of loss may be more than the profit.

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September 01, 2021, 05:14:12 PM
 #6

A good thread to promote your article but at least you have been pointing out all of the ways to earn passive income without trade in the market.
In my opinion the most effective way to participate in the launch pad. As long as you will be able joining into the AAA+ rank launch pad like binance, ftx or something else and you may get profit-guaranted from there.

I have been making so many ROI just participate in the various launchpad. Playing the blockchain game was not so profitable but this is also become a very good source to get additional income. Your article was very useful for people to get more explanation about what will be the ways to earn income without trade.

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September 01, 2021, 05:40:02 PM
 #7

I think trading is easier than that 5 ways to make money from cryptocurrency.
how come? with yield farming you just have to sign one or two tx and then just let your farm grows, while you need to do analysis on chart etc while trading. how is it easier?

that being said, the profit is definitely on a different scale.
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September 01, 2021, 06:02:38 PM
 #8

Why is it that it didn't indicate working and getting paid with crypto? Freelancers that have something to offer and agree to get paid with bitcoin or any other accepted cryptocurrencies, that's another way of making money with crypto without the need for any capital and as well as skills in trading. As for the blockchain games, they're the NFT games and very popular these days because they're play to earn which also helps a lot of people to earn with those tokens from playing.

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September 01, 2021, 06:18:48 PM
 #9

The problem with cryptocurrency trading is that it is very difficult for a beginner to master.

If beginners are losing because of not having clear knowledge on TA/FA which is meant to be very difficult, than farming/staking or P2E would also consider into that difficult list. As many newbies don't even have any strong knowledge about choosing right projects for those, that's why beginners should learn about anything at first place. On the other hand, those are great alternative without any doubt, but everything is difficult in crypto without proper knowledge as well.

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September 01, 2021, 06:33:03 PM
 #10

Indeed trading cryptocurrencies is difficult but it is almost the best way to earn big in crypto. For biginners it's really difficult, but a bit easier when one have time to go through all the ideas, guide and knowledge been shared about trading in this particular forum and also by asking questions. Alot of guide are available in the forum to help the beginners.
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September 01, 2021, 07:53:46 PM
 #11

I think trading is easier than that 5 ways to make money from cryptocurrency. Although it is difficult for beginners, but gradually beginners will become an expert trader. Making money through staking, yield farming is time dependent. The value of your assets may also decrease during the staking period. In this case, the amount of loss may be more than the profit.
We all agreed that trading is the best in term of earning reasonable money, however trading to become an expert is not an easy feat, it takes time and efforts to attain an expert status, unfortunately many newbies don't want to learn and acquire the necessary skills to become an expert, they have a mindset earning big profits within the shortest period of time with some little effort. Alternatively Staking to earn profit by locking a coin for stipulated period time however it is not as profitable as trading, while mining is capital intensive.

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September 01, 2021, 10:22:52 PM
 #12

Your article talks about different ways to "make money", but never issued any warnings or states the risks some of the methods have. You are recommending users to stake on platforms like binance and kraken. Both are centralized exchange. There are risk of losing your funds. Staking your coins over there means giving up the ownership of your coins. Don't join those platforms to stake. Join smaller pools and make the coins that you support more decentralized. What about holding your coins? You have missed that one. Its the least riskiest way to make profits!

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September 02, 2021, 02:09:15 AM
 #13

Or look for freelancing site that you will pay in crypto?

And those mentioned in the articles are already well-known, yes you can make money using that method but you still need cryptos, like in staking or yield farming or lending.

Yeah, trading might be difficult for beginners, but once you get the experience on it, maybe it's for you as you can make a ton of money.

 
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September 02, 2021, 03:02:26 AM
 #14

The problem with cryptocurrency trading is that it is very difficult for a beginner to master. These days, there are many alternative methods of making money from cryptocurrency. I found an article on Boxer about as many as 5 ways to make money from cryptocurrency ( I will leave the link below) I would like to read how you feel about it, can you share your experience, thanks in advance Smiley https://blockster.com/blockdesk/1448_5-alternative-ways-to-make-money-without-trading-in-crypto

So far Yield farming and play to earn are two of the favorites because if you looked on the market, those Yield farming and play to earn tokens are trending and their tokens are going up, and there's a lot of Yield farming and Play to earn launching, this trend will continue because they serve two leading markets, gamers and those who want to profit from doing nothing.

I might be old for the play to earn, but I think this trend will continue for the next years or so because anyone can really go and play and literally make money out of it.

So yeah, I might try this one or have someone play for me, so amongst the list, I would say that this is the best one. Maybe you can do this without any capital to begin with.

 
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September 02, 2021, 03:02:57 AM
 #15

As for me, I like airdrops, bounty activities and different contests. Also there is a good new way to gain crypto today - play-to-earn gaming. This is a nice and funny activity - you are playing games and earning tokens Smiley
True, There are many ways to earn money from cryptocurrency and one of them is by playing games.
and I like to play games to fill my spare time and it seems fun to play games but can earn crypto although not much but if routine the results will be decent.

Trading is not an easy job, but if you want to learn and continue to study seriously you can and it all takes a process until you master it OP, and there's nothing wrong with learning while looking for and finding other ways that you think you can and are able to do it.


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September 02, 2021, 11:01:36 AM
 #16

Quote
The problem with cryptocurrency trading is that it is very difficult for a beginner to master.
not only in trading but there are other crypto activities that are seem hard for a newbie to master but nothing is impossible as long as you wont give up on learning it .
 the only difference of trading to others is that trading is said to be really profitable once you master it so the time that you spent are verry worth it  . thanks for the link tho , ill try to look at it and see if i have missed something to make more money in cryptos .
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September 02, 2021, 11:57:55 AM
 #17

Being an investor can be a way to make money, but not many people can be investors as many people become weak hands to see the price market fluctuate. You can try to buy low and sell high and not watch the price every day to avoid the worry that can happen after you check the price.

Maybe the easy thing to make money is by staking coins, whether it is at the exchanges or the wallet, but you must have the patience to wait for a while but you can not expect to make a profit in the short term because staking needs some time before you earn decent rewards.

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September 02, 2021, 12:01:49 PM
 #18

The article mainly talks about those methods:
  • Launchpads
  • Blockchain Games
  • Centralized Lending Platforms
  • Yield Farming
  • Staking Platforms
Personally, i don't think those methods are efficient enough to help anybody make money without practicing Trade.

Let me suggest you another two great topics where you can find more ways to obtain cryptocurrencies without investment:
  • How to earn Bitcoins: which is a useful old topic made by user Lauda describing the common ways to earn bitcoin.
  • Obtain Criptocurrencies without buying them: another great old topic made by user IlVeroNico, where you can find more methods easy to practice by anybody without the need for investment or tecknical background.
Good one and well explained.
Ever since I was introduced to crypto I have only spent few cash buying cypto which mostly was not on my Favor .
I have earned much more than enough through bounty, airdrop, ambassadorship, Article writing and telegram moderator.
This has been the ways which I have been using to earn from crypto and it has been paying the bills.

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conected
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September 02, 2021, 03:25:00 PM
 #19

One of the ways that I am doing to earn money in crypto nowadays is the blockchain game, there are so many blockchain games nowadays especially when the Axie Infinity becomes a trend in our country, Axie Infinity, Cryptoblades, Defipet, Plant VS. Undead, these are the blockchain games that I am now playing and earning money. Axie Infinity gives me the highest income among these 4 blockchain games. DefiPet is not yet play to earn but I think that it is really a good game and will be good in play to earn as well by the 4rth quarter.

I am also doing staking but I don't think that it is profitable as I only earn a small amount of money there so I stop doing it.
- Axie Infinity is causing quite a bit of outrage in my country, the media sites only know about income and methods of making money with this game but the unclear instructions and explanations made quite a few people invest a lot of money in Axie Infinity while SLP is the token name and serves as a reward in this game, it is in the red price zones and if too much money is invested at this point congrats you have a heavy loss. Other games are not in my experience plan but NFT is not a good way to make money


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jostorres
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September 02, 2021, 09:15:53 PM
 #20

The problem with cryptocurrency trading is that it is very difficult for a beginner to master. These days, there are many alternative methods of making money from cryptocurrency. I found an article on Boxer about as many as 5 ways to make money from cryptocurrency ( I will leave the link below) I would like to read how you feel about it, can you share your experience, thanks in advance Smiley https://blockster.com/blockdesk/1448_5-alternative-ways-to-make-money-without-trading-in-crypto
Best method is working and earning. You may think that I am kidding but the reality is that crypto is bringing the whole world financially closer, back in the day sending just 10-20 bucks to each other was a big deal, if you used paypal that could have been a thing but usually it was still quite difficult to handle.

With crypto you could even send 10 cents to each other (in order to avoid fee it is wise to use something like tron for 10 cents) and that's why I believe that everyone should be working to earn money. I have worked full-time in crypto without ever going to any work physically, that is how I made my living for the past 4-5 years or so and I can tell you that they are the best years of my life and they are just getting better and better every day.
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