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Re: How can I earn from cryptocurrency as a starter?
by
maxtra
on 22/01/2023, 08:16:05 UTC
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.