There are many ways to make money with crypto. Trading is just one of them and often the most popular, but there are plenty of other methods. Crypto assets have exploded in popularity over the past couple of years.
Consequently, this has led to a surge in prices for many of the top tokens and coins. Additionally, investing in crypto can often be seen as a hedge against inflation, which is skyrocketing in many countries at the moment. Therefore, in this quick guide, you will learn different 5 ways to earn money in crypto.
Five Ways to Earn in Crypto
- Buy and Hold
Buying and holding fundamentally strong crypto assets is a good long-term strategy. It offers passive income and diversification opportunities. However, it is a waiting game and not for those seeking quick returns.
An advice! 💡
Let's stay focused! 👀
We should not panic, because #Bitcoin is dumping below $40,000!
Everyone knows that $Dump is a part of the $Pump strategy! 🚀
No need to panic, just #HODL ! ☕️#cryptocurrency #cryptocrash #btc #crypto #shibainu #doge #eth #binance pic.twitter.com/jWtxoSIR7X
— Cartel's Crypto Lounge (@CartelsLounge) April 12, 2022
- Altcoin Trading
Altcoin trading or flipping is also very popular because you can make good returns quickly. We all know that altcoins are very volatile so there is an inherent risk with this strategy. Additionally, you will need to be diligent with research and find lower cap coins before they start trending.
Altcoin Swing Trading Strategy
1. Find 50 DMA rising setup.
2. Wait for a price re-test of 50 DMA
3. Confirm support with Hammer or Bullish Engulfing at 50DMA.
4. Volume expansion on support confirmation.
5. Use RSI to confirm Pullback
6. Use Swing Low as SL
Keep it simple
— Emperor👑 (@EmperorBTC) February 20, 2021
- NFT Flipping
NFTs are the hottest thing in crypto at the moment. Buying them at launch and then holding them until they become popular before selling is also a good technique. Therefore, you can make a lot of money fast, but it is not easy finding the right ones in this fickle market.
How to make 5-10x+ flipping NFTs
Here's the NFT flipping guide for all you beginners out there.
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For all the eth I lost, a retweet would mean a lot!
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— Covduk (@Cov_duk) April 2, 2022
- Leverage Trading
This high-risk strategy involves taking out additional leverage on the trades. It can be very profitable in bull markets but there is also a huge risk of liquidation. Technical trading knowledge is a must for a leveraged crypto trader.
This is one of the reason i fancy using #FTX for leverage trading. You get a breakdown of your trade set up before placing your trade. You know your profit if the trade goes right, you equally know your loss if it doesn't.
Use the link below to register 👇https://t.co/QvCDlgb4BN pic.twitter.com/cBVjVfT4cr
— Cypher 📊📈📉 (@Call_Me_Cypher) April 14, 2022
- DeFi Yield Farming
Liquidity mining or yield farming is also very popular. Furthermore, it provides passive income without you having to sell your crypto assets. There are many different options for DeFi yields but it is a steep learning curve for beginners.
Automated Vaults are now at 100Mn TVL and all are in profit with huge APYs!
Where else can you earn up to 234% APY with market-neutral investments? Nowhere!https://t.co/OAybCqz8Yw#DeFi #Web3 #Binance #BNBchain #BSC #BNB #yieldfarming #crypto #cryptocurrency pic.twitter.com/qNUWVGunjs
— Alpaca Finance (@AlpacaFinance) April 13, 2022
We hope you’ve learned from these ways to earn money in crypto.
Crypto markets are currently down 2.1% on the day. As a result, total market capitalization has fallen to $1.97 trillion.
Also, Bitcoin and Ethereum are leading the losses with 2.8% and 2.3% declines respectively. BTC is trading at $40,179, while Ethereum is changing hands for $3,040.
Find the most undervalued gems, up-to-date research, and NFT buys with Altcoin Buzz Access.
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