Post
Topic
Board Trading Discussion
Re: AsidesTrading, What Are Less Risky Methods of making money in crypto(?
by
hd49728
on 13/09/2024, 02:13:37 UTC
I stick to spot trading and airdrop farming.
Better to avoid trading even Spot trading.

With airdrop farming, make sure you know that you can be refused by project teams by Sybil attack checks and make sure you know about risk of interactions with smart contracts. If a project is scam, and you interact with their smart contracts, your filled wallets will be drained out, you will lose money in these wallets to scammers.

Quote
Trading can sometimes feel isolating, and while it’s not always difficult, there are frustrating moments. For example, I bought Rune at $5, and it's been retracing for months with no sign of returning to my entry point anytime soon. I guess I’ll just have to hold.
With altcoins, they have very short lifespans. Altcoins like $RUNE are created a lot during a bull market but they will die in a bear market. Holding altcoins like $RUNE means hold to die. Die here means you will lose your money.

Don't hold altcoins.