Big secret you wouldn't be told

[Kara3]

The big secret of making it big in cryptocurrency which I honestly wish I got to know at the very beginning of my crypto journey is
- having more than one source of income.

If I were to write a crypto commandments this would certainly be amongst the top commandment of crypto career.

Many people don't often understand that having more than one source of income could still be achieved in the crypto industry, without having to stress too much and burns out.

Here are 5 ways to diversify your income with crypto.

-crypto trading and investing.

- (OTC) over the counter trading.

- cryptocurrency jobs.

- Arbitrage.

- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.

Here are the benefits:

- You will have stability because if one is lagging a bit, the other will be generating cash flow.

- Also you have a great leverage over person who are stuck with just one aspect of the crypto industry, because you have a better understanding and experience from being diverse.

Once you are very good at two of those listed, you are good to go.

[Jawhead999]

Lol

-crypto trading and investing.

- (OTC) over the counter trading.

- cryptocurrency jobs.

- Arbitrage.

- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.

1. Trading isn't for everyone, investing is for long term.

2. It's just a P2P trading, do you think it's easy to find someone willing to buy your coins in premium and someone willing to sell their coins in discount rate?

3. What jobs?

4. Similar like trading.

5. This is really a bad idea, you can make a lot money or you will lose all of your money.

However it seems you're making money in crypto through the number 5 because there's no explanation from the number 1-4. It's mean the money you've make are depends on your luckiness, not a stable income where you've a skill and you will keep making money regardless bear market or something bad happen.

[Kara3]

Lol

-crypto trading and investing.

- (OTC) over the counter trading.

- cryptocurrency jobs.

- Arbitrage.

- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.

1. Trading isn't for everyone, investing is for long term.

2. It's just a P2P trading, do you think it's easy to find someone willing to buy your coins in premium and someone willing to sell their coins in discount rate?

3. What jobs?

4. Similar like trading.

5. This is really a bad idea, you can make a lot money or you will lose all of your money.

However it seems you're making money in crypto through the number 5 because there's no explanation from the number 1-4. It's mean the money you've make are depends on your luckiness, not a stable income where you've a skill and you will keep making money regardless bear market or something bad happen.

You made a very good point here, but you also need to understand that we are struggling most times not because we are not trying, but because we are misinformed, when opportunity arises before we get to hear it, the time have past,

You talk about p2p, p2p market is arbitrage, if you look at it very well almost everyone have their own price they sell, like in my country you buy usdt 751 naira and when you want to sell you might add 1naira or 2 on top of it to make a profit, an you can do it as many times as possible.

Trading is not for everyone that's true, but you need to understand that anything give more of your time to with much dedication, you will be 70% good at it, mainly when you learn from one of the best in the business, you will sure have more gain than losses.

You said what job, i advice you do you own research, their are different types of crypto jobs, I am new to this forum, but am not new in the crypto space, even in this forum, those signature the full members, snr member, hero an legendary member put on, those companies pays for your advertisement services you rendered by putting on the company logos, that is a crypto job.

I came into this forum to learn more because I believe that knowledge is power, try and do your own research and I promise you, you wouldn't be disappointed, I am open too correction because I want to learn more.

[Dr.Bitcoin_Strange]

The big secret of making it big in cryptocurrency which I honestly wish I got to know at the very beginning of my crypto journey is
- having more than one source of income.

Wait, you mean crypto trading, investment, OTC, and buying coins during ICOs are all different sources of income you are referring to? They all still fall into one category, which is cryptocurrency investment.

Trading is not as easy as the name implies. To start crypto trading, you need to devote time to learning how to analyze the market using some trading tool, and you will also need to develop the correct strategy that can help you earn profit from your trade. Just as the above user has said, trading is not for everyone, and if one is not patient and does not know how to handle their emotions when trading, they can absolutely lose all their invested capital.

Bitcoin investment is better, but when you generalize it to crypto investment, one cannot really tell which one you are referring to because there are a lot of cryptocurrencies in the crypto market, and most of those cryptocurrencies are just shitcoins. You can be unlucky to put your funds into any altcoin that cannot even have a good future. Some altcoin projects are just for a temporary term, after which the project will disappear. Buying coins during an ICO also has its risks. For example, you can buy a token for $1 during the project's ICO, but when the project lists the coin on a centralized or decentralized exchange, you may be shocked to see that the token got listed for $0.5 or even less.

A typical example is just a project I ran into in 2020. This project did not do an ICO since 2020, but last year they did an IEO where one of their tokens was sold for $15, but they listed that token this year for $6 each, and currently the token has even dropped to $3.8.

[Kara3]

The big secret of making it big in cryptocurrency which I honestly wish I got to know at the very beginning of my crypto journey is
- having more than one source of income.

Wait, you mean crypto trading, investment, OTC, and buying coins during ICOs are all different sources of income you are referring to? They all still fall into one category, which is cryptocurrency investment.

Trading is not as easy as the name implies. To start crypto trading, you need to devote time to learning how to analyze the market using some trading tool, and you will also need to develop the correct strategy that can help you earn profit from your trade. Just as the above user has said, trading is not for everyone, and if one is not patient and does not know how to handle their emotions when trading, they can absolutely lose all their invested capital.

Bitcoin investment is better, but when you generalize it to crypto investment, one cannot really tell which one you are referring to because there are a lot of cryptocurrencies in the crypto market, and most of those cryptocurrencies are just shitcoins. You can be unlucky to put your funds into any altcoin that cannot even have a good future. Some altcoin projects are just for a temporary term, after which the project will disappear. Buying coins during an ICO also has its risks. For example, you can buy a token for $1 during the project's ICO, but when the project lists the coin on a centralized or decentralized exchange, you may be shocked to see that the token got listed for $0.5 or even less.

A typical example is just a project I ran into in 2020. This project did not do an ICO since 2020, but last year they did an IEO where one of their tokens was sold for $15, but they listed that token this year for $6 each, and currently the token has even dropped to $3.8.

Once a coin is being listed, the buy pressure is always high, after then, the price of the coin starts coming down gradually, that is why I said you sell immediately after it went live,
No crypto project will launch below it pre-sale price, it's not been heard of.

[Z390]

It's not that easy to hunt for new coins because these days we have too many scam projects showing up, for example, see what happened after pepecoin increase in price many new shitcoins came out of nowhere, and they all almost share the same name with people coin, that shows that we have too many bad actors in crypto space.

I will never advice any newbies to go after new projects because they're a lot riskier than popular coins like bitcoin and ethereum that have been around for a very long time now and they have will stand the test of time.

Your advice is top-notch, new investors need to have extra source of income so as to invest his peace of mind because there are so many people that's planning to invest their money in crypto and as the bear market keep going on and on, they get tired of holding because they don't have any extra income and they are lacking with some expenses in their lives in the end they won't have any choice than to sell their coins and move on.

people like this don't last long in crypto news space.

[tabas]

One who just plainly invest don't have to be a full time trader. It's proven that those who invests and don't trade at most times are the ones who wins the most. These are the patience people that are waiting for the right time to sell. Yes, there's trading on it but we all know the actual trading like those daytraders or even week traders. I'm talking about those plain investors or holders that are totally okay to wait even for a year or two or even four or even more. We saw those whales that have held their Bitcoins and did nothing and it's all rewarding them now on whether we go back in a bear market and they'll sell still, they're in greater profits from the beginning they've bought and decided to hold.

[Awaklara]

- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.

but if you don't have a good experience, more of your money will be wasted on shitcoin. I suggest don't be easily tempted by new tokens that make the pump high. more of them when listing would just get destroyed very quickly.

highly recommended for beginners it's better to focus on one goal. like investing in Bitcoin. maybe you explained some people managed to get success at certain points. but not everyone will be a part of it.

[Dr.Bitcoin_Strange]

Once a coin is being listed, the buy pressure is always high, after then, the price of the coin starts coming down gradually, that is why I said you sell immediately after it went live,
No crypto project will launch below it pre-sale price, it's not been heard of.

@Kara3, I have really learned from experience, but I don't want to mention the names of those shitcoins I have really had a bad start with in the past. Some of those tokens you are talking about will be listed, and within just one minute, the price will have dropped from $1 to $0.5 or even less. Some times, after two days, the token may try to pump again to $1 or $2, and before you know it, it falls again and gets stocked at the bottom.

I don't know if you have read the example of the token which I was talking below my first comment. Referring to that token, how about if you buy one of the token for $15 during an ICO and when it gets listed, you discover that it was not even listed at 90% of the price you paid? I have seen several cases similar to the example I gave.

When I first started in this forum, I asked a question: why token swap? And the reason I asked that question was also because of the experience I have had with altcoins in the past. Sometimes, most projects will just do a token swap for a limited time, and if you are not fast enough to be aware of it and swap, your capital is gone. And my question still remains: why will a project just decide to do a token swap at its early stage or even after the ICO? (It's a rhetorical question, just keep the answer to your self if you got it.).
One just needs to be very wise and trade cautiously when dealing with altcoins.

[pawanjain]

3. What jobs?

Out of everything, this is actually the one which is a good alternative (if you have the required skillset).
There are projects out there in search for skilled developers, designers, moderators, support etc...
All these could be a good job for which you can get a decent crypto income.
Providing your own services for crypto is also a good option though.

[Kara3]

Once a coin is being listed, the buy pressure is always high, after then, the price of the coin starts coming down gradually, that is why I said you sell immediately after it went live,
No crypto project will launch below it pre-sale price, it's not been heard of.

@Kara3, I have really learned from experience, but I don't want to mention the names of those shitcoins I have really had a bad start with in the past. Some of those tokens you are talking about will be listed, and within just one minute, the price will have dropped from $1 to $0.5 or even less. Some times, after two days, the token may try to pump again to $1 or $2, and before you know it, it falls again and gets stocked at the bottom.

I don't know if you have read the example of the token which I was talking below my first comment. Referring to that token, how about if you buy one of the token for $15 during an ICO and when it gets listed, you discover that it was not even listed at 90% of the price you paid? I have seen several cases similar to the example I gave.

When I first started in this forum, I asked a question: why token swap? And the reason I asked that question was also because of the experience I have had with altcoins in the past. Sometimes, most projects will just do a token swap for a limited time, and if you are not fast enough to be aware of it and swap, your capital is gone. And my question still remains: why will a project just decide to do a token swap at its early stage or even after the ICO? (It's a rhetorical question, just keep the answer to your self if you got it.).
One just needs to be very wise and trade cautiously when dealing with altcoins.

Ok, me as a person I am normally afraid of keeping shit coin, because I also had some bad experience with it, I don't keep it right now, except when my boss( the expert I learned from) tell all his students via WhatsApp group to buy a certain coin base on their is a big news coming about that coin and the value will sky rocket, most of the pre-sale price I have participated in he is the one that always recommended it to us, and to be sincere I have won more, base on the fact that I have someone that superior to me that guides me.
He has a lot of crypto jobs he does.
Thanks anyway for sharing your experience, at least am aware of the risk by your experience, thanks

[macson]

Once a coin is being listed, the buy pressure is always high, after then, the price of the coin starts coming down gradually, that is why I said you sell immediately after it went live,
No crypto project will launch below it pre-sale price, it's not been heard of.

trading & investing -- although not for everyone but still can be learned.

income from work that pays cryptocurrency -- there are some out there, and signature campaign go into that.

but on your list, this last one is the one i can't accept the most, why is it?  because i hear that there are many investors who are losing because they are hunting for new tokens and coins and buying in large quantities at the pre-sale.  for newbies, it is not recommended to buy new tokens or coins at the pre-sale unless you are ready with the risk of loss that you will receive.

[Queentoshi]

Many people don't often understand that having more than one source of income could still be achieved in the crypto industry, without having to stress too much and burns out.

Thank you for giving some possible opportunities in cryptocurrency, but for me, I will like to have more than one source of income, but I will not like all of them to be under cryptocurrency. Diversification to me means spreading your source of income to other things outside cryptocurrency like other businesses that can still be profit yielding. If the only thing I can do in cryptocurrency is to invest, I think that is still okay to least, as it is better than nothing.

[cryptoaddictchie]

Itts easy to find a coin that will launch, this could either make you gain or loss. So you need to pick a better one cause not all that buying presale price always win. Only the project that has a potential or have some charismatic approach to the community will prevail and do a 5x 10x or more. If you are comparing that to pepe coin then some are investing a lot on different memecoins and out of 10 maybe 1 or 2 projects only give huge profits. Its like you need to sacrifice 8 projects to know which one is gonna gave you a decent one.

[CryptoHeadlineNews]

The big secret of making it big in cryptocurrency which I honestly wish I got to know at the very beginning of my crypto journey is
- having more than one source of income.

Having more than one source of income is not just a crypto tip but a general financial for whoever wishes to have success in his/her financial freedom, and it takes time for one to venture into all the different crypto-related sources of income you Just outline above, such as crypto trading, over the counter trading, arbitrage, and jobs as they have low risk compared to buying a coin at a pre-sale price, as we have got a whole lot of scam coins now into the industry, that you could buy and end up losing all your funds when the coin fails to get listed on the acclaimed exchange.

[Alpha Marine]

Where would one get money to trade or invest in Crypto if he doesn't have another income? It takes time before anybody that is new to crypto starts making money from it, so what would be their source of income before they start earning.
Having different sources of income is something almost everybody knows.
There's nothing wrong with just being a trader. If trading is the only way a person earns from crypto then that's fine.
Not everyone would be a trader. You don't expect someone who doesn't like trading to start trading because he wants another stream of income.

And when you say "cryptocurrency jobs" you have to be specific. What types of cryptocurrency jobs. If I was to follow your advise what job would I be doing?

[ancafe]

Not everyone has the same ability to diversify their income in crypto, because there are many limitations and associated risks that need to be considered carefully. When you are familiar with fluctuating terms there are many ways you can do it, but when this is presented to beginners not necessarily the same as you in seeking profit, the way you do it is also very vulnerable to losing a lot of money instead of being profitable.

Here are 5 ways to diversify your income with crypto.
-crypto trading and investing.

Trading cannot be done by many people because there are many things that must be considered especially related to daily trading, while your investment must set a standard of trust in which coin?

- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.

Instead of getting huge profits but you will lose more money, this should not be recommended to newbies because they don't understand new coins launched, you will bet 50-50 for new projects launched but the worst effect will be losing more money .

[Franctoshi]

I wouldn't want to put my eggs in one basket, generally all your above listed points still falls back into one place cryptocurrency, which for me I would rather prefer diving into other sources of income outside the crypto space,  let's for instance the real estate business, Investment in Gold and Maybe oil palm business which is right now very lucrative business in my area.

Things can happen spontaneously, And bad news could cause havoc in the crypto space ,just imagine a situation where that the P2P exchange under which you're carrying out your crypto arbitrage goes bankruptcy, as a centralized exchange your money is gone and within a short while a project which you invested in, eventually made away with your funds, in this case you are screwed mate!.

[Lucius]

~snip~
- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.

Ok, me as a person I am normally afraid of keeping shit coin, because I also had some bad experience with it, I don't keep it right now...
~snip~

What you are doing (as well as many others) is very questionable from a moral point of view, because it shows how the altcoins industry works - and that means you are knowingly selling something that you know for sure will result in financial losses for other people. I never liked the sale of false promises, regardless of the profit, but I know that it is not easy to resist such opportunities, especially if you don't have too many choices in life to earn money in a more "normal" way.

[Catenaccio]

- having more than one source of income.

For what?

To use them for covering your loss in traing

Here are 5 ways to diversify your income with crypto.

-crypto trading and investing.

- (OTC) over the counter trading.

Trading and investing should never be into one bag.

- cryptocurrency jobs.

Many types of job to work and get money. Don't restrict your chance by only working in cryptocurrency companies because you are cryptocurrency enthusiast.

- Arbitrage.

Is arbitrage one type of trading?

- hunt for new coin that is about to be launch, buy at the pre-sale price,  once it goes live on what ever exchange, sell immediately, sometimes you made 200% profit, 500% or more most time, like SUI that was launch last week, I made more than 1500% profit.

Stupid idea. Most of altcoins are scam. Don't hunt them and use your money to feed scam developers.