How to Make Money in Crypto and not lose it as beginner

[albon]

Honestly airdrop farming is the easiest way to make money in the space and the only thing to look out for is you not using the same airdrop wallet to keep any valuable assets, because there is no guranteee that your wallet will be safe after joining many airdrops[...]

Airdrops are currently a waste of time and may even require money to pay fees, and they are also not devoid of Risks. Even if a non-primary wallet is used, participants may end up having to get their airdrop tokens, and the project team might refuse to pay. It depends largely on luck, and the more experienced and knowledgeable an airdrop hunter is about the project they are participating in, the better their chances of making some free money and avoiding falling victim to scams.

Participating in escrowed bounties run by trusted BMs here may be an attractive way to make money without capital. Additionally, gaining skills in one of the most popular fields of freelancer work is better than all of the above. Still, it requires practice, professionalism, and a portfolio of previous work.

[mk4]

Airdrops are currently a waste of time and may even require money to pay fees, and they are also not devoid of Risks.

Uhh, I increased my total portfolio value by 30% in less than a year through (correctly farming) airdrops. But yea, there's always a risk when interacting with protocols.

It depends largely on luck, and the more experienced and knowledgeable an airdrop hunter is about the project they are participating in, the better their chances of making some free money and avoiding falling victim to scams.

Just like investing, it depends largely on luck if you don't know what you're doing.

But yea, I wouldn't recommend airdrops to 95% of people because only a minority of crypto people actually use DeFi protocols in the first place.

[Pandu Geddon]

But yea, I wouldn't recommend airdrops to 95% of people because only a minority of crypto people actually use DeFi protocols in the first place.

I get quite a lot of questions related to airdrops from my friends. On social media or on Telegram channels, there are lots of groups sharing projects that are currently conducting airdrop campaigns.
I was shown the group by one of my friends, and the group had a lot of followers. every day they update. Friends are very interested because there is a special chat regarding testimonials, projects that have succeeded in providing many benefits.

One thing I understand is that they dishonestly run the airdrop campaign. the same as what happened in the bounty campaign on the forum. they participate with many accounts to get more allocation from the airdrop.

[Zoomic]

1. Knowledge First:
This is foundational. If you don't have this you are liable to fall to scam. You need to learn about wallet, exchanges, dexes, and conviction and patience.

The easiest way to lose money in your crypto investment journey as a beginner is by investing without a good knowledge of what you are investing in. Of all the options stated above, acquiring the right knowledge is the most important. Most newbies fail not because they got the wrong investment option, but because they didn't have the right knowledge and went about it the wrong way. Majority of the newbies who wish to invest in cryptocurrencies are only here because of the interesting stories they have heard about crypto and this has influenced their minds to believe they do not need to spend so much time learning when they should be earning already. Anyway, I have been there before and I learnt the hard way. I believe newbies who are not patient enough to learn when they should will learn better from their own mistakes.

[SOKO-DEKE]

I have mentored over 100 people in crypto. Some of them think Crypto is a get-rich scheme because they heard someone made $1m from a project. However, most of the time, they get into crypto and get their hands burnt along the way.

That is the mindset that a lot of people coming into the crypto industry nowadays have. They just want to become rich overnight, which is not possible, and that is the reason many of them end up in hands scammers. When someone is really eager to make quick money in the crypto industry, they will end up losing their money. So, I believe that anyone who wants to succeed in the cryptocurrency industry should not have the mindset of becoming rich quickly.

1. Knowledge First:
This is foundational. If you don't have this you are liable to fall to scam. You need to learn about wallet, exchanges, dexes, and conviction and patience.

In everything someone wants to do in this life, the first thing should be consider is knowledge. Knowledge will be what guides them in the right direction. Anyone with proper knowledge will hardly make wrong decisions. Many people who fail in their business, especially in the cryptocurrency industry, do so because they lack knowledge. So, before making any decision to invest in the cryptocurrency industry, we first need knowledge.

4. Investing:
You will also need to learn when to invest and when to take profit.

It is very important to know when someone should invest and when to take profit. Some short-term investors incur losses because they do not know the right time to take their profits and the right time to invest. There are some people who always like to invest during the bull run period, which is wrong for short-term investors. If you invest during a bullish period, you may find it hard to know when to take profit because coins may not be as profitable, and before you know it, you may end up in a bear period again.

[Cornia]

Here is my suggestions if you want to make money from crypto;

1. Knowledge first
2. Spot trading.
3. Airdrop Farming
4. Investing.

Apart from these there are some other ways to earn money from crypto. Such as
 1. BTC paid signature campaign.
 2. Bounty campaign.
 3. Selling your services.

But before earning money it is necessary to acquire proper knowledge about crypto. So more time should be given to the forum. Because I think the purpose of this forum is to gain proper knowledge through discussion and not to earn money.

[moneystery]

1. Knowledge First:
This is foundational. If you don't have this you are liable to fall to scam. You need to learn about wallet, exchanges, dexes, and conviction and patience.

for beginners the first thing they need to survive in the crypto market is good knowledge, with this knowledge beginners can avoid things that can make them lose or how they can make better decisions in their trading. because when beginners lack knowledge, then what will happen is they can lose money because of hasty decisions or they miscalculate which leads to placing the wrong order and that can be a loss. and because of this it is important for beginners to learn and develop their knowledge, so that it can help them survive in the crypto market and get the profit they expect.

[I_Anime]

1. Knowledge First:
This is foundational. If you don't have this you are liable to fall to scam. You need to learn about wallet, exchanges, dexes, and conviction and patience.  

Yeah, without valuable knowledge one can not earn through this space , the chances of one losing his money is really high without any valuable knowledge that's why is always advisable to go into research to gather valuable knowledge before going into anything mostly when it comes to earning in this crypto space because just as one can earn good money in this space with good knowledge that's how one can still lose through this space due to not having good knowledge.

2. Spot Trading :
This is a tangible skill that differentiate you from another person. With this you know how to make money trading. But ensure you stay away from futures trading. Use spot trading to start.

For those who are interested in trading, expecially for those who are new to it (trading) is better to start with spot trading than jumping in trading with leverages, due to the mindset that most newbies usually have , that trading is a get rich quick scheme, they usually go into trading with leverages ( future trading) without any solid knowledge on how trading work and at the end they will only endup getting themselves reckt. So is better to take your time and learn more about trading before going into it because inorder for one to be successful in trading some technical knowledge is required.

[Abbatty]

I have mentored over 100 people in crypto. Some of them think Crypto is a get-rich scheme because they heard someone made $1m from a project. However, most of the time, they get into crypto and get their hands burnt along the way.

1. Knowledge First:
This is foundational. If you don't have this you are liable to fall to scam. You need to learn about wallet, exchanges, dexes, and conviction and patience.

Those who don’t know a thing about crypto get fooled easily by what they see or hear, once they hear that a person was able to make some money by also want to join. Joining is a good thing but do not be reckless and join without seeking knowledge.

Knowledge should be the first thing you seek as a beginner if you don’t want to end up losing your money because cryptocurrency is a very risky investment and when you don’t understand it it will be difficult to make money from it.

[LogitechMouse]

1. Knowledge First:
This is foundational. If you don't have this you are liable to fall to scam. You need to learn about wallet, exchanges, dexes, and conviction and patience.

I guess there's no need for a further explanation for this one. Knowledge is power. That's the famous quote that's been used by many people and it's true. No knowledge, no future. I've seen investors who lost their money in the past when it comes to investing because they focused on how much profit they can get rather than learning first at least the basics.

2. Spot Trading :
This is a tangible skill that differentiate you from another person. With this you know how to make money trading. But ensure you stay away from futures trading. Use spot trading to start.

Not recommended for newbies and beginners because trading is a very risky way of making money in cryptocurrency. Well, if you're ready to take losses at the start then I guess you can still try, but for me, I don't recommend doing this.

3. Airdrop Farming:
This is a low risk way to make money in crypto. Learn the popular airdrop in crypto space. Currently Telegram mini app farming is what is reigning.

Low risk? I don't think so because I've seen some projects in the past that ended up as a scam or rug pull. Some projects will lure investors saying that they will make an airdrop and for you to qualify, you need to add some bucks on their website through liquidity pools, staking, etc. and at the end, they will just scam you. This year, airdrops have been a success at least for the first half of the year, and with many upcoming in the future, I guess I can say that airdrops can be a good way to make money ONLY if you have some money to invest because nowadays, you need to spend a few bucks (through transaction fees or liquidity pools) in order to get some free tokens.

As for telegram mini app farming, since it's that easy to do, many will jump hence, many will get the allocated amount and that will make your share way lower.

4. Investing:
What will help you here is physiological skills like emotion management and patience. You will also need to learn when to invest and when to take profit.

We are in a world where we invest to make money. Like what I said in the first one, this is self-explanatory because we are into crypto where we need to invest to make money.

To conclude this, you can learn this from credible YouTube channels and Coinmarketcap/Coingecko education channels.

Care to share some? For sure, that would help some newbies and beginners out here.

[Awaklara]

I know there are many doors to making money from crypto. but introduce them to the best.

The upside in altcoins is higher than that of bitcoin. So, asking people with $500 to invest in bitcoin will make them forever poor.

No one can decide if a person's life will remain poor or become richer with their Bitcoin investment. it all depends on the ongoing understanding of the person investing.
I'm just trying to emphasize that people who are just learning should start with the least risky assets. Be aware that more beginners in investing or trading are very hasty in choosing assets. because they are eager to quickly see their portfolio have value.

understanding will grow when they do it directly. and indirectly they will learn new things gradually.

[Ahli38]

Here is my suggestions if you want to make money from crypto;
1. Knowledge first
2. Spot trading.
3. Airdrop Farming
4. Investing.

I like the steps you gave on this. Because insight must be the most important thing and must not be overlooked or moved to the back burner. Learning and understanding the crypto space itself is a must for anyone who really wants to make a profit from this field. Because everything cannot be produced instantly. Everything requires certain processes and stages that must be passed. And increasing insight is the first thing that must be done. Because through this we will know the basics that will make us more confident in the steps we will take. From this we will also know that there is a potential behind which there is always a comparable risk. After that, you can also try trading on the spot market. Some people even start by hunting airdrops and they learn while hunting airdrops. And that's not wrong as long as knowledge comes first. So that we understand which airdrops can benefit the participant and which don't. Because there are too many airdrop scams that can destroy the enthusiasm of beginners. but if we already have insight then we can minimize the risk of being deceived. Trading and investment can start when we are ready with all the materials and if we are also ready with the special capital that has been prepared.

[Troytech]

I know there are many doors to making money from crypto. but introduce them to the best.

The upside in altcoins is higher than that of bitcoin. So, asking people with $500 to invest in bitcoin will make them forever poor.

That is not true either, investing in bitcoin is also profitable for even people with low capital and they can still be profitable, only it woudl take them longer to achieve that, a person can decide to use his 500$ monthly earning and invest in bitcoin with the DCA strategy allowing him to keep on buying bitcoin at intervals for a long period of time, the power of this is through consistency in accumulating bitcoin with little amounts untill your are able to aquire a huge stash of bitcoin and if the price of bitcoin increases exponentially within those years of your accumulation then your ealier coins would already be in profits. Long term investment is the best approach to bitcoin and I do prefer it over trading.

[Learn Bitcoin]

3. Airdrop Farming:
This is a low risk way to make money in crypto. Learn the popular airdrop in crypto space. Currently Telegram mini app farming is what is reigning.

I am doing this lately, even though I do not consider myself a complete beginner. But I guess there are some steps in Airdrops hunting as well. Some people do exclusively free airdrops that do not require money. Some others spend gas fees only to farm points like checking in. At the same time, some others are doing pro airdrops farming by investing money in new platforms.

I have invested around $800 on Blast ecosystem airdrop farming which is going to end on 26th June and I am expecting a good profit from it. I am also building a small telegram community for airdrop guides. If someone want to join, you can hit me a DM.

[Zigabel]

I have mentored over 100 people in crypto. Some of them think Crypto is a get-rich scheme because they heard someone made $1m from a project. However, most of the time, they get into crypto and get their hands burnt along the way.

Here is my suggestions if you want to make money from crypto;

1. Knowledge first
2. Spot trading.
3. Airdrop Farming
4. Investing.

1. Knowledge First:
This is foundational. If you don't have this you are liable to fall to scam. You need to learn about wallet, exchanges, dexes, and conviction and patience.

2. Spot Trading :
This is a tangible skill that differentiate you from another person. With this you know how to make money trading. But ensure you stay away from futures trading. Use spot trading to start.

3. Airdrop Farming:
This is a low risk way to make money in crypto. Learn the popular airdrop in crypto space. Currently Telegram mini app farming is what is reigning.

4. Investing:
What will help you here is physiological skills like emotion management and patience. You will also need to learn when to invest and when to take profit.

To conclude this, you can learn this from credible YouTube channels and Coinmarketcap/Coingecko education channels.

A very good and beginner friendly template is that which you have stated above and for beginners who are very keen and committed to getting money from crypto, if they diligently follow up with the above, they are going to able to make money of crypto but it will take some time. Airdrop farming has been one of the ways to start a crypto journey even without necessarily using your own money to start and at the end of the day you can still get to make money of the crypto space when the coin or token lunches and the airdrop is distributed. b But as a beginner, trading isn't a very advisable path to tread almost immediately because eventually you will exposed to a very high risk and volatility which may sometimes not be healthy or friendly with your pocket and will cause you a whole lot which in some cases it may mean all that you have been able to save or invested in your portfolio. Investing to a great extent is even at some point more safe as a crypto enthusiast because you can be sure to to get hit so badly by volatility when it comes except you are holding too long enough much more than expected then you can be hit by volatility.

[Mayor of ogba]

2. Spot Trading :
This is a tangible skill that differentiate you from another person. With this you know how to make money trading. But ensure you stay away from futures trading. Use spot trading to start.

Only the knowledge of spot trading will not help you make money in trading; you need extra trading skills such as technical analysis that will guide you to read the crypto market and also know when to enter a trade and when to leave a trade. Secondly, as a trader, you must be able to know if there's news that will influence the price of a coin to dump after you have bought the coin so that you will not be at a loss. I think investing in bitcoin for the long term should have been used instead of trading because no investor will lose money in bitcoin unless he or she invests his or her whole money in it. And in bitcoin investment, you don't need to have a lot of knowledge about bitcoin before you can start it.

[Stable090]

I have mentored over 100 people in crypto. Some of them think Crypto is a get-rich scheme because they heard someone made $1m from a project. However, most of the time, they get into crypto and get their hands burnt along the way.

If I am introducing anyone to crypto, what I do make them understand first is that bitcoin investment is not a get rich quick thing. I will like to change their mentality if they have the mindset of making quick money from crypto, because most newbies joining the crypto space always have that mindset.

1. Knowledge First:
This is foundational. If you don't have this you are liable to fall to scam. You need to learn about wallet, exchanges, dexes, and conviction and patience.

Even if you have the knowledge first, there is no way you won’t be losing money. The theory aspect of learning about bitcoin is different from practical aspect. If you are learning about the theoretical aspects, then you won’t be losing money, but when it comes to practical, then you are going to be losing money.

2. Spot Trading :
This is a tangible skill that differentiate you from another person. With this you know how to make money trading. But ensure you stay away from futures trading. Use spot trading to start.

Using spot trading is just better as a newbie compared to putting your money in future trading. Not that you can’t lose money in spot trading, but the risk is just lower than that of future trading, so even if you are trading on spot, do that with the amount you can afford to lose, because loss can also set in.

[Bravut]

Well said OP, you listed out valuable points that would guide newbies and help them make money. The truth lies in openness and risking what can afford to lose while investing, and also other passive income like airdrop farming requires time, patience, and effort of which you benefit from later on, probably it's always a game of win/loss. This will do more good, newbies can choose the one they are convenient with and leverage on it before indulging in others.

[Bitcoinpoly]

Thanks OP, i love the fact that you put the knowledge of the crypto space first because as little as Airdrop farming is you can still lose on it but with the understanding of the crypto space you will know what to do and when to do it. Actually spot trading and some form of investments like Flexible savings,  Launchpad staking and even PoolX staking on Bitget is a good opportunity for the newbies to make profit in the crypto space.

[pawanjain]

Eventually everyone will come to know that they are better off investing and holding for long term than to try various ways of earning through crypto.
Surely some can make profits through other ways like memcoins, NFTs, staking, DeFi etc... but the amount of profits made by holding crypto for long term beats all the other methods of making money in crypto.