Post
Topic
Board Beginners & Help
Re: How to Make Money in Crypto and not lose it as beginner
by
Taskford
on 23/06/2024, 11:24:13 UTC


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.

On 4 of your options there I will take the spot trading teaching to all newbies since this is risky options or decision that they wanna try since for sure that they would just lost their money for possible wrong decisions they take. Lots of scams or market is volatile so for sure that they will find out its hard to handle those situation and for sure that there's high chance that they would just lost on their trades.

So I would take this Learning knowledge first and Airdrop farming since this is the easiest way for them to learn and participate. But also they need to know the risk of possible scamming in airdrops so they could able to avoid those potential scam platforms.

Investing maybe I will not suggest it but still would open up a discussion to them since its important that they need to learn something about it especially for bitcoin investment for long term since this is more better decision they can take rather than participating on meme coins or hyip investments.