After entering the cryptocurrency world, how to earn profits may be a confusing question. Here, I will combine my years of experience in the crypto space to introduce several ideas to help newcomers explore ways to make money. From trading coins to holding coins, from DeFi mining to exchange arbitrage, this will give you a clearer understanding of blockchain investment.#
As a new member of the crypto community, you may feel puzzled about how to obtain investment returns. Don't worry! This article will take you through several money-making ideas to help you achieve financial growth in this virtual world. Whether you want to trade coins, mine, or look for more stable arbitrage opportunities, you can find suitable strategies here! Remember, there are many ways to make money, and the best one is the one that suits you.
1. Trading Coins: Buy low and sell high, unique trading strategies!#
Trading coins is similar to stock trading, where buying low and selling high is key. In this market, traders dominate because the volatility of virtual currencies provides ample room for operation. The buying and selling intervals can range from a few minutes to ten days or half a month. However, trading coins requires not only attention to market dynamics and coin trends but also the ability to take profits at the right time to avoid greed.
In the image above, we traded two coins, APT and PEPE, where "B" represents the buying point and "S" represents the selling point, illustrating a typical "buy low, sell high" operation. Using this trading approach, earning several hundred USDT (two to three thousand RMB) in a day is quite common.
In addition to manual trading, you can also consider using programs, employing quantitative trading bots, and adopting well-known trading strategies such as grid trading and Martingale to enhance your investment returns.
2. Holding Coins: Grasp future value, embrace lasting returns!#
Holding coins refers to possessing potentially valuable virtual currencies with the expectation of greater returns in the future. Choosing the right assets is crucial; not only should you buy at the right price, but you should also use a dollar-cost averaging method to lower your purchase costs. However, sticking to your beliefs and overcoming greed is not easy, but it is key to achieving long-term appreciation.
It should be noted that the path of holding coins is destined to be arduous. The crypto space is full of myths, and seeing others gain several times or even dozens of times returns from altcoins or leveraged contracts can be tempting. Holders often feel lonely and are more suited for a laid-back lifestyle.
Note: When holding coins, pay close attention to wallet security; small amounts can be kept on exchanges, while larger amounts should be stored in cold wallets. The most famous cold wallet in the crypto space is to register a backup in advance: OneKey, access requires a VPN, please click top right corner - Friendly Links - VPS Recommendations.
3. DeFi Mining: Obtain stable returns through asset liquidity!#
DeFi mining involves staking your assets on a platform to earn other tokens as rewards. This is a stable way to make money, with annualized returns typically reaching over 10%. Choosing a large platform is wise, especially DeFi platforms on the Ethereum chain. Whether you are a novice or an expert, you can achieve decent returns through mining.
The image above shows Binance's latest smart chain DeFi mining rewards activity for HFT. Binance has been running such activities recently, and new users can receive additional rewards upon registration. Click here--> to register for a Binance account. Access requires a VPN, please click top right corner - Friendly Links - VPS Recommendations.
4. Exchange Arbitrage: Cleverly obtain new coin investment opportunities!#
Exchange arbitrage is a strategy that involves participating in new coin activities on exchanges to earn platform tokens as rewards. Choosing the right platform is key; you need to stake the platform's tokens to qualify for new coins. This can bring more traffic to the project and the exchange, empowering you. However, remember to choose the right time and platform to minimize risks.
New users registering on OKX this month can receive blind boxes or Dogecoin gift packs; you can register directly in China: Click here--> to register for an OKX account, some regions may require a VPN or alternative link.
Binance always offers fee discounts and new user gift packs, but domestic users need a VPN to register: Click here--> to register for a Binance account.
5. GameFi Gold Farming: Earn profits by playing games, explore new gameplay!#
The GameFi sector has seen the emergence of numerous blockchain games, such as StepN, which allows you to earn by running. By completing tasks in the game, you can earn some profits, but this gameplay requires an initial investment in virtual currency. Although this field is still in a chaotic phase, it still offers opportunities to try new gameplay.
6. Airdrop Farming: Obtain tokens at zero cost, start a risk-free journey!#
Airdrop farming, also known as "毛", refers to the process of completing interactive tasks set by project teams to receive free token airdrops. Some tokens may not hold much value, but there are also high-quality projects that distribute valuable airdrops. To participate in airdrops, pay attention to project thresholds while focusing on product experience. Airdrop farming can yield significant income, with some earning hundreds of thousands in a year. It requires strong psychological resilience, as airdrop farmers often engage in a battle of wits with powerful project teams, akin to enduring hardships before striking back and reaping rewards. Some individuals in the crypto space have deeply engaged in airdrop farming, with a few achieving financial freedom by securing large airdrops like $ARB.
If you're interested, check out 【Airdrop Interview】“How I Secured 80,000 ARB”.
7. Physical Mining Machines: Obtain virtual coins at low cost, explore new mining methods!#
Physical mining can be divided into private mining machines and mining farms. The former is suitable for small-scale home mining, while the latter is for large-scale purchases of mining machines to establish mining farms. However, in the current bear market, balancing electricity costs and mining efficiency has become more challenging. Small-scale home mining requires careful consideration of electricity costs and noise disturbances, while mining farms can register accounts with cloud mining services.
In fact, there are various ways to make money in the crypto space, suitable for different types of investors. It is recommended that newcomers start with relatively conservative strategies and gradually explore more opportunities. Whether you choose to trade coins, hold coins, mine, or engage in arbitrage, thorough research and cautious decision-making are essential for achieving more stable investments!
🔥🔥🔥 Alpha's Practical Tools for Finding Gold Dogs#
1️⃣ Axiom Dog-Charging Tool https://axiom.trade
2️⃣ Gmgn Dog-Charging Tool https://gmgn.ai
3️⃣ dbot Dog-Charging Tool https://app.debot.ai
4️⃣ Morelogin Airdrop Multi-Account Fingerprint Browser www.morelogin.com
Related Reading#
Everyone is Searching For#
Buying Bitcoin in China, trading exchanges for coins, beginner's guide to trading coins, is trading coins profitable, OKX download and registration, domestic OKX recharge, Binance App registration, Binance App download, Binance platform coin buying tutorial, Binance registration, Binance airdrop registration, Binance iPhone download, how to buy President Coin, how to buy Dogecoin, buying Bitcoin with RMB, how to download OKX, web3 airdrop farming, web3 zero airdrop, Bitget mainland download and registration, OKX passport registration, OKX download, Binance download, trading coins as a side job, OKX contracts, how to recharge RMB on OKX, how to recharge on OKX, how to set up an NFT wallet, how to recharge RMB on Huobi, beginner's tutorial for the crypto space, btc8848.com, Tony's trading contract mindset, contract leverage bit wave, DeFi mining, crypto airdrop farming, can crypto airdrops still be played, what to do if a contract is liquidated, how to buy President Coin on OKX and Binance, how to buy Ethereum on OKX and Binance, how to play DeFi staking mining, can NFTs still be played, how to airdrop farm in web3, how to play zero airdrop in the crypto space, how to mine inscriptions, how to mine runes, crypto beginners' guide, how to trade coins, is trading coins profitable, beginner's tutorial in the crypto space btc8848.com, is trading coins profitable, what is contract leverage, DeFi mining, how to play airdrop farming in the crypto space, OKX airdrop, node staking, liquidation, financial freedom, night investment heiyetouzi.xyz