How can I earn from cryptocurrency as a starter?

[caddywampus2001]

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

Buy and hold bitcoin. Perform DCA in and DCA out. With your spare cash, put it toward innovative small-cap projects. The future is privacy, in my opinion.

[1714222752]

1714222752

[1714222752]

1714222752

[1714222752]

1714222752

[Sayeds56]

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

There are so many ways to make earning in crypto. Please find the details below:

1- Buying and holding: Buy good coins & continue holding until your trade goes in profit, and sell them when you  have sufficient profit.
2- Mining Bitcoin by using your own equipment or you can buy cloud  mining contract offered by exchanges, like Binance offers to  its account holders from time to time.
3- Join Bounty campaigns on Bitcointalk but make good research before you decide to participate.
4- Participating in Airdrops is also very popular way to make free earning but make good research and due diligence before you join them.

[solehdavid]

If you want to make money on this, you first need to know the technology, you need to understand the power behind it.
you need to know what is blockchain, what is a token, what is a coin.

If you are going to trade, you need to know what pump, dump is.
You should also have a little knowledge of the stock market.

Never take investment advice. stay away from leveraged trading.

[Sayeds56]

If you want to make money on this, you first need to know the technology, you need to understand the power behind it.
you need to know what is blockchain, what is a token, what is a coin.

If you are going to trade, you need to know what pump, dump is.
You should also have a little knowledge of the stock market.

Never take investment advice. stay away from leveraged trading.

Yes! It is equally important to learn  technical and fundamental analysis when you are planning to make earning from trading activities, in any financial market including crypto.

Trading with leverage is the job of highly skilled people, because one wrong decision can liquidate your account, Hence for beginners, it is better to stay away from it unless you gain good experience in trading..

[Taskford]

If you want to make money on this, you first need to know the technology, you need to understand the power behind it.
you need to know what is blockchain, what is a token, what is a coin.

If you are going to trade, you need to know what pump, dump is.
You should also have a little knowledge of the stock market.

Never take investment advice. stay away from leveraged trading.

Yes! It is equally important to learn  technical and fundamental analysis when you are planning to make earning from trading activities, in any financial market including crypto.

Trading with leverage is the job of highly skilled people, because one wrong decision can liquidate your account, Hence for beginners, it is better to stay away from it unless you gain good experience in trading..

Many newbie traders think about that trading is easy and they just need to buy and sell without even thinking that they might get liquidated with one single wrong position they enter. And its really needed to anyone who want to do their start up  on cryptocurrency to study this for many months because this could be a big help for them if they know on what they are doing on their investments.

[darewaller]

If you want to make money on this, you first need to know the technology, you need to understand the power behind it.
you need to know what is blockchain, what is a token, what is a coin.

If you are going to trade, you need to know what pump, dump is.
You should also have a little knowledge of the stock market.

Never take investment advice. stay away from leveraged trading.

Totally agree on the first few sentence that you throw there. In every field, whether trading, investing, or working in a sig campaign. All of them requires a knowledge in the blockchain and in crypto so that you will know if which are the right coins to pick up and then you will know if what are the right keywords or definition to answer in a post.

Can't only agree on the part that you said we need a knowledge in stocks because I think they are not related with cryptos though it can be an advantage if you are already trading or investing in stocks because you will know when is the right time to enter and to exit. Lastly about leverage, this can be done as soon as we already gained enough experience.

[uneng]

Many newbie traders think about that trading is easy and they just need to buy and sell without even thinking that they might get liquidated with one single wrong position they enter. And its really needed to anyone who want to do their start up  on cryptocurrency to study this for many months because this could be a big help for them if they know on what they are doing on their investments.

We can study crypto market for many months and it won't be possible to guess the correct tendencies anyway, because it's an unpredictable market where everything can happen at anytime. We are just small fishes following the trends of the market and the whales' movements in an attempt to share with them the same benefits they are going to have at their disposal (positive market fluctuations).

Everything we know is that bitcoin is going to increase in price on long term. So it's safe to assume trading on long term is fine for starters, since all they have to do is to purchase some coins and hold them inside their wallets until the propitious moment comes, what can take years to happen. The point is that meanwhile, it's hard for these starters to earn cryptocurrency and grow their portfolios.

The best alternative nowadays for newbies is to earn money outside crypto universe, save this money and then invest in bitcoin everytime they reach a determined saved amount.

[Cryptomultiplier]

As a starter, If you have learned or understood the basics and concepts behind  the use, investment and trade aspects of cryptocurrency; if there is a mentor ever ready to assist and if you have most importantly, money you can afford to lose, or do not need right away, then to earn from cryptocurrency should come easy as long as you understand the risk and steps involved.

[TheUltraElite]

As a starter, If you have learned or understood the basics and concepts behind  the use, investment and trade aspects of cryptocurrency; if there is a mentor ever ready to assist and if you have most importantly, money you can afford to lose, or do not need right away, then to earn from cryptocurrency should come easy as long as you understand the risk and steps involved.

  Mentors are always coming with the question of trust. If the mentor is a family member with good interests in your profits then it's fine but most mentors who flood the easily accessible internet are lowkey scammers trying to act like they care for you while they actually care for your quick losses from their shilling.

Dummy trading is easy but needs patience and lack the kick of real life trading. However is one of the closest to realism for trading that comes with zero losses.

Hence it comes with practice and experience which takes time and again patience. As a starter be open to opinion but always question, in that way you can enhance your view over crypto way more and hence learn which ones to pick.

[Rodriguezan]

I have really learnt a lot from these discussions. They are really an eye-opener, I must say .. Crypto will give millions of people that much needed financial freedom.

[albon]

Instead of earning, you can use your time to learn, as investing and trading cryptocurrencies involves risks, so you must have sufficient experience and knowledge of technical analysis and be familiar with the basics of trading, then you will be qualified to earn from cryptocurrencies, you as a beginner can lose All your capital if you do not gain experience and educate yourself, so there are many ways to earn cryptocurrencies, the most important of which is an investment and buying currencies from the bottoms and selling them at the tops, but not every beginner will succeed in that, also you can participate in bounty campaigns in this forum, where you must have accounts that contain Lots of followers.

[Yawa2020]

Instead of earning, you can use your time to learn, as investing and trading cryptocurrencies involves risks, so you must have sufficient experience and knowledge of technical analysis and be familiar with the basics of trading, then you will be qualified to earn from cryptocurrencies, you as a beginner can lose All your capital if you do not gain experience and educate yourself, so there are many ways to earn cryptocurrencies, the most important of which is an investment and buying currencies from the bottoms and selling them at the tops, but not every beginner will succeed in that, also you can participate in bounty campaigns in this forum, where you must have accounts that contain Lots of followers.

You might be right but you know it is not possible to learn without adequate materials such as a good working computer, smart phone and some easy guides for learning. These will actually cost you some money. So, Time alone can not make you successful while learning. Earning while learning is also necessary. But if you can get support from your closed ones then it is fine.

[inthelongrun]

I have really learnt a lot from these discussions. They are really an eye-opener, I must say .. Crypto will give millions of people that much needed financial freedom.

There are no guarantees. So far it is bitcoin and a few chosen altcoins that continue to remain steady at the top. Bitcoin is of course the safest among all cryptocurrencies. Ethereum's future may not be that secure after it shifted to POS. BNB is also at risk after the sudden collapse of FTT due to the fraudulent activities of FTX, another huge exchange like Binance. And let us be clear that bitcoin is a currency, it may stabilize in the future just like the US dollar. But for now, bitcoin still has a big room for growth as there is only a low percentage of the world population that owns a portion of it. 

[Mr.right85]

I have really learnt a lot from these discussions. They are really an eye-opener, I must say .. Crypto will give millions of people that much needed financial freedom.

What crypto gives to one individual, it takes from others. You should know that. It's not like crypto is some organisation or business that pays anyone. It stands as just a currency with asset properties, at least for now.
What you put in, has a tendency of either appreciating or depreciating. Just like in the real estate if I may.
What really pays you is your skill. Either in the services you offer or in your ability to see investment opportunities and pick it up.

You can buy some coins and either build a fortune from it or end up being even more broke than you were just before. There really isn't any guarantee of success nor failure.

[TribalBob]

actually there is no right time to enter the market because the market will always fluctuate, and we will see that it is always insecure, the current market is different from old , so my advice is to prepare your mentality in advance to deal with problems that will arise if you experience the worst, and if you want to start my advice trade with good performing coins don't meme coins

[savetheFORUM]

actually there is no right time to enter the market because the market will always fluctuate, and we will see that it is always insecure, the current market is different from old , so my advice is to prepare your mentality in advance to deal with problems that will arise if you experience the worst, and if you want to start my advice trade with good performing coins don't meme coins

There are some meme tokens that are really good in trading one is the Shib token. If a trader is smart and understands market fundamentals he can generate good profits from SHIB tokens by trading. And there is so many other meme coins that give good trading profit. But, just need to be smart while trading them..

I guess for a starter and noob it is better to start trading with only top 5 coins, BTC, ETH, Cardano, Solana, and Avax because these are the coins with biggest marketcaps and good volatility which best for day trading.

[Gaza13]

1- Buying and holding: Buy good coins & continue holding until your trade goes in profit, and sell them when you  have sufficient profit.

for those who earn or work it is very good to invest Btc and ETH money. I have studied the track record of the coin, where I own the coin with very good fundamentals.

2- Mining Bitcoin by using your own equipment or you can buy cloud  mining contract offered by exchanges, like Binance offers to  its account holders from time to time.

if to mine coins definitely require a large fee.PC used for Mining or mining Bitcoins is not possible with normal software. There are several special software that can be used then the GPU component, RAM, power supply, adapter.The operating room also needs attention. The room must always be cool, have good air circulation, and avoid dusty rooms, use a temperature of around 16 to 18 degrees Celsius to avoid condensation. the cost is quite expensive for me as a newbie,

3- Join Bounty campaigns on Bitcointalk but make good research before you decide to participate.
4- Participating in Airdrops is also very popular way to make free earning but make good research and due diligence before you join them.

for the bounty itself, you must have social media such as Wallet, Twitter, Facebook, Reddit, Medium, Telegram.
with enough followers to take part in bounty campaigns, and enough time to work on projects and distribute giveaways.
A good Bounty Manager in my opinion.
-Little mouse
- CryptopreneurBrainboss
- Murat
- julerz12 etc

for the airdrop itself, just do what has been provided in the form, follow the instructions on the form and finish it, to get an uncertain token or coin. depending on your luck. that's the difference between a bounty and an airdrop in my opinion

[Patrol69]

There are many ways you can earn from cryptocurrency.  But one of the ways for you to earn from cryptocurrency is trading in different coins. But you can trade only if you have complete understanding about trading. First thing you need to do is to create your account on any exchange account. Then you need to deposit some amount of money in that exchange wallet. Then buy any coin of your choice at a low price and then sell that coin when the market goes up a bit. This is how you can profit from trading.
You may already know that many people have succeeded in investing in Bitcoin. You can invest in Bitcoin if you want. Because currently the Bitcoin market is at a very low level. So if you can buy bitcoin now and hold it for a long time then I think you will earn a lot of profit in the future. But no one else will take the responsibility of your own if there is profit or loss by investment. Maybe we can give you directions but you have to take responsibility for these. If you can take these responsibilities then I think you can be on your way to investing.

[maxtra]

I'm assuming, you already started using, playing, and investing in cryptocurrencies. For others who have same questions, I would like to mention:

There are several ways to earn from cryptocurrency as a starter:

Buying and holding: One of the most popular ways to earn from cryptocurrency is by buying and holding onto coins for a long period of time. This is known as "HODLing" and it involves buying coins at a low price and holding onto them until their value increases, at which point you can sell them for a profit.

Trading: Another way to earn from cryptocurrency is through trading. This involves buying and selling coins on a regular basis, usually in response to market fluctuations. This can be a more active and potentially profitable approach, but it also comes with a higher level of risk.

Mining: Some cryptocurrencies can be mined, meaning you can earn new coins by contributing your computing power to validate transactions and secure the network. This requires specialized equipment and can be more technical than buying and holding or trading.

Staking: Some cryptocurrencies also offer staking, which is where you hold a certain amount of coins in a wallet and earn interest on them.

Airdrops and bounties: Some projects offer airdrops, which is where they give away free coins to holders of a certain coin or to those who sign up for their project. Bounties are a task-based rewards system where users can earn coins by completing certain tasks, such as promoting the project on social media or translating the project's whitepaper.

It's important to note that earning from cryptocurrency can be risky and it's essential to do your own research, understand the technology and the project behind the coin, and be aware of the market conditions before making any investment.

[summonerrk]

The world of cryptocurrencies at the moment can offer you many ways to earn: for example, if you do not have the funds, then you definitely need to continue to communicate, gaining experience and earning merit. After that, you will be able to participate in the sub-campaign. Also look for airdrops, for example on daomaker. If you have money, you can invest it in PoS. Or buy a computer and mine tokens. The choice is huge.