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Author Topic: How a beginner can earn money from the crypto?  (Read 752 times)
hack3rcon (OP)
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October 02, 2021, 06:13:07 AM
 #21

A beginner that doesn't know anything about the trading and technical analysis, can make money? I heard transaction between some wallets give you a reward!


You should really be careful the things you listen to, people say a lot things passively without divulging all the details. As a beginner that wants to earn money within the crypto space via trading and other means, it is best you devote time to learning the basics and give yourself time to grow. Money that comes easily, sometimes doesn't last, that's why you should be patient and get conversant with the crypto space.
I must correct my sentence. I meant to be the exchanges and not wallets.
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October 02, 2021, 06:25:33 AM
 #22

A beginner that doesn't know anything about the trading and technical analysis, can make money?
this is the purpose of the Bitcointalk Forum, the main purpose of discussing Bitcoin, crypto, investment, trading, analysis, charts etc., of course related to crypto, before you do technically make money, you study and learn more here, the process to determine you make money.

Quote
CAUTION: Trading crypto assets is a high-risk activity. Crypto asset prices are highly volatile, where prices can change significantly from time to time. .please use extra consideration in making decisions to buy or sell crypto assets. Indodax does not force users to buy or sell crypto assets, as an investment, or for profit. .all crypto asset trading decisions are independent decisions by the user.

I heard transaction between some wallets give you a reward!
Don't hear anything weird, it's not true, there is no present when you make a transaction, if you do it from wallet one to wallet two, that information is not correct.

R


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October 02, 2021, 09:42:16 AM
 #23

Can you show me some trading simulator programs?

Not sure if they allow registrations from whatever country you're in, but check out the virtual portfolio feature of eToro[1]. You don't need to deposit a penny since you're just trading with play money.


[1] https://etoro.com/

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aioc
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October 02, 2021, 10:04:36 AM
 #24

Hello,
A beginner that doesn't know anything about the trading and technical analysis, can make money?
Thank you.

The only way to make money is by trading and offering your services or selling products, don't be in a hurry to make money learn how Cryptocurrency works first, you cannot make out of something you do not understand, read, watch experience how to trade learn how to read the market and check new projects that have potential in the market, you will eventually learn just hanging out here, reading and trading.

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October 02, 2021, 12:20:57 PM
 #25

A beginner can earn money from crypto by simply buying btc and hold.. Then start learning more about cryptocurrency. Very simple.
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October 02, 2021, 12:30:37 PM
 #26

Hello,
Thank you all.
What is the difference between the fundamental analysis and technical analysis?

Quote
Fundamental Analysis
Fundamental analysis evaluates assets by attempting to measure their intrinsic value. Fundamental analysts study everything from the overall economy and industry conditions to the financial strength and management of individual companies. Earnings, expenses, assets, and liabilities all come under scrutiny by fundamental analysts.

Technical Analysis
Technical analysis differs from fundamental analysis, in that traders attempt to identify opportunities by looking at statistical trends, such as movements in a asset's price and volume. The core assumption is that all known fundamentals are factored into price, thus there is no need to pay close attention to them. Technical analysts do not attempt to measure a security's intrinsic value. Instead, they use stock charts to identify patterns and trends that suggest what a stock will do in the future.

I paraphrased this from this source: https://www.investopedia.com/ask/answers/difference-between-fundamental-and-technical-analysis/
You should read the entire article. Although it was originally written for stocks, it's applicable to cryptocurrencies as well.

R


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hack3rcon (OP)
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October 02, 2021, 01:01:53 PM
 #27

Thank you all.
Which one of these books is good for a beginner?
https://bitcointalk.org/index.php?topic=5361262.msg57996186#msg57996186
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October 02, 2021, 01:08:17 PM
 #28

<…> Can you show me some trading simulator programs?
There’s a pretty long list of options to choose from here: Demo Trading Platforms.

While the platforms provide a means to try your skills and the different platforms themselves, one should read on the matter to grasp the different concepts, strategies, dos and don’ts.
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October 02, 2021, 01:11:51 PM
 #29

Trading is not the only way you can earn money in crypto as there are many diversified ways available these days. Even kids are earning money in crypto. One can read these stories to get an idea of how he can use his skills in crypto.

NFT: Boy makes £290,000 selling NFT. (Source)

They’re 14 and 9 years old—and making $32,000 a month thanks to Ethereum. (source)

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October 02, 2021, 01:23:09 PM
 #30


The only way to make money today as a beginner is to make your money work for you. It becomes a problem when you don't have the money to start with. I'd probably start finding a job first and when you have some money I guess that's when you could start investing.
Browse on jobsites like fiverr.com you will find yourself better than those who provide services there.

Airdrop isn't worth these days. I doubt there will be a legitimate airdrop that tokens will have a real value.

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October 02, 2021, 02:47:28 PM
 #31


The only way to make money today as a beginner is to make your money work for you. It becomes a problem when you don't have the money to start with. I'd probably start finding a job first and when you have some money I guess that's when you could start investing.
Browse on jobsites like fiverr.com you will find yourself better than those who provide services there.
Assuming that OP has the money to start in crypto but the problem doesn't know what to do. In this case, I don't suggest pushing himself to do this as it is for sure that he only just lost his money too quickly. That he needs some knowledge when it comes to investment or trading. We should never be hype because of someone telling us that crypto is profitable, yes it was for the expert but for the beginners, that is really tough.

Quote
Airdrop isn't worth these days. I doubt there will be a legitimate airdrop that tokens will have a real value.
I certainly discouraging people to join and waste their precious time with this stuff. All the promising and attractive rewards are just a lie, they all liar, so it was just a waste of time for us.

That you are right, it was best to look for a job rather than thinking about earning money in crypto.

R


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October 02, 2021, 03:40:52 PM
 #32

Hello,
A beginner that doesn't know anything about the trading and technical analysis, can make money? I heard transaction between some wallets give you a reward!
Please share your idea.

Thank you.
Are you planning to be a bitcoin miner? If so, do you already know the minimum money you'll need to start doing it? As what other members told, that is the only way you'll be rewarded through processing transactions between wallets.
We strongly advise that you should first look for important information before investing anything about crypto like trading, and others specially on those that capital is needed.

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October 02, 2021, 06:51:09 PM
Last edit: December 16, 2023, 07:11:35 PM by Fivestar4everMVP
 #33

There are several ways to earn with crypto currencies, one does not have to know how to spot trade to earn money, aside investing, one can still earn money through providing liquidity in AMM exchanges like uniswap and the rest, but I currently recommend downloading the chainge app from google play store or iPhone app store, with the chainge app, one have a full financial tool on his or her hands, there are several ways to earn money through the app, one can earn through providing liquidity, you can by time framing your assets, you can earn money by trading in the newly launched first ever decentralized options market, all this and many more in one app... Chainge finance.





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October 02, 2021, 07:09:24 PM
 #34

While having no idea about trading, learn the free trading simulators that you can search just through google. No need for any deposit and also try to learn about staking.

That sounds staking about what you've heard.

Can you show me some trading simulator programs?
I haven't tried this. But I think there are people who uses phemex.

--> https://testnet.phemex.com/



.
.BIG WINNER!.
[15.00000000 BTC]


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October 02, 2021, 08:01:13 PM
 #35

Hello,
Thank you all.
What is the difference between the fundamental analysis and technical analysis?

In Layman language , technical analysis is you analyze the coin past price and see the price action on the charts and use indicators to determine the next target for that coin. For Fundamental analysis, you look for the upcoming events and roadmap for that project and decide to buy based on those events which may create the hype.
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October 03, 2021, 09:27:09 AM
 #36

A simple starting place for beginners who have a low risk tolerance is to buy stablecoins pegged to a currency like USDC and stake them on a reliable platform that pays interest higher than a typical savings account at a bank.

Education is key in financial markets, and understanding what you're investing in, the associated risks, and the market dynamics at play are all critical things to consider before buying a volatile asset.
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October 03, 2021, 03:44:43 PM
 #37

Trading is not the only way to make money but it is one of the most easiest ways to lose money.

Aha! I have to agree with this statement. Trading is not only risky but the proceeds that you gain are relatively small compared to the effort that you exert. What separates a normal trader to an expert one is the experience when it comes to trading. The more experience that you gain, the more knowledge and information you would garner that would help you in your next trading transaction.

With regards to the question of earning money, trading is only one of the ways of earning money. There are lots of ways- but what I recommend is campaign signatures. Though this requires significant effort and patience, you would also be helping the forum in contributing helpful topics and threads (just avoid spam and general questions).

R


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October 03, 2021, 11:14:22 PM
 #38

Seriously I think your question is not really understanding I believe more people will be able to help you if you can elaborate better at least they will understand your question and they will be able to provide answer to it, but I don't think their is any legit wallet that will reward you from sending coins between wallet but their might be scam wallet which will do that.

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October 04, 2021, 09:56:49 AM
 #39

Hello,
A beginner that doesn't know anything about the trading and technical analysis, can make money? I heard transaction between some wallets give you a reward!
Please share your idea.

Thank you.
Since you're a beginner, i strongly recommend you to study first and learn about cryptocurrency.

Trading is not the only way to earn money. You can also earn from crypto by joining campaigns like signature campaign. Since you're a Jr. member like me you can now apply campaigns. Although it takes a lot of time and patience, it's totally worth it because in the end all of you efforts will pay off. Try it and see it for yourself, goodluck friend.

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October 04, 2021, 11:24:02 AM
 #40

Hello,
A beginner that doesn't know anything about the trading and technical analysis, can make money? I heard transaction between some wallets give you a reward!

Yes you can make money through this exchanges airdrop reward but it's very risky because these platforms could have other malicious intentions and once you expose your wallet they can harm you although the only way you can avoid that risk is by using a wallet that isn't your main wallet for holding coins.

You must not be trading per se since it's not advisable to engage in such if you're not equipped with the necessary knowledge for trading but provided you have interacted with the dapp of this exchange, you become eligible for an airdrop reward if they decide to carryout one in the future.

What this means is that you can simply use this dapp exchange for buying of tokens you intend holding and send to your main wallet and if in future the exchange that you have interacted with decide to airdrop tokens you become eligible.

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