Post
Topic
Board Beginners & Help
Re: How to Make Money in Crypto and not lose it as beginner
by
Judith87403
on 03/07/2024, 19:09:13 UTC
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.

Of course knowledge is the most important thing as Long as it has to do with money we really need to take our time to acquire the knowledge first before looking out to any other thing, so as to avoid losing our money. However if You're talking about the means to make money in crypto, spot trading and Investment is not included reason is because you can't make money from spot trading or Investment when you don't have a capital to start up with, you can't make Investment when you don't have money. But you can make money from airdrop without spending money so I think airdrop farming is the best way to make money in crypto the only thing is that you will need to devote your time in doing those airdrop.