How do I make money on cryptocurrencies?
People who are not immersed in the subject believe that making money from cryptocurrencies is exclusively about making money from strong volatility, i.e. trading. However, investing in cryptocurrencies is a lot of different ways to earn yourself capital. Let's talk briefly about the main opportunities to make money in crypto.
1. investing.
A classic strategy, you buy fundamentally valuable assets for the long term and earn on their growth. The yield is comparable to the growth of the market, i.e. about 600% per year depending on the market cycle.
2. trading.
This strategy is popular on the stock market, but especially on crypto, because crypto has high volatility due to small capitalization and good opportunity to earn 10% per month or more than 200% per year on fluctuations. There are also many different strategies within trading, from scalping to using cryptobots.
3. Farming and Stacking.
Passive income strategies.
Simplified - it can be compared to bank deposits, but very conditionally, of course, when you own crypto and thanks to it you can earn additional 10-30-50% per annum depending on risk.
4. tokenseals.
Buying assets before they go on the exchange. Technically it happens in very different ways (airdrops, luunchpads, luunchpools and so on). The idea is that you buy an asset and in an hour or a day you sell it at a yield of 2-5-50X. This strategy is one of the most profitable, but it has a million nuances and has its own specifics.
5. Ambassador Programs.
The most unusual and for many people not at all obvious. You become an Ambassador, you do various tasks for projects. In the end = you get project tokens, which then may be worth tens of millions of rubles.
6. Trends
But in addition to understanding what to invest in, what to trade on, what tokensales to participate in, you need to understand trends. Briefly:
The biggest and hottest trend is GameFi - these are blockchain-based games where cryptocurrencies are used for payments or game objects themselves are NFT tokens that are sold and bought. The game models are completely different:
- It's Free2Play, meaning the basic game is free, but some options are paid for
- Play2Earn, then you play and earn for completing any tasks, missions, etc. - Projects that translate existing games to blockchain
- Games around NFT where characters can be sold.
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