Crypto enthusiast | Binance Expert | Here to navigate the future of financeđđđ. I'm here to guide you through the journey & exciting world of digital assets.
Hello Everyone I want to tell you a little bit about other ways to make money in crypto, because it's easier to do it in a growing market.
Finding promising coins, analyzing projects, trading, holding etc. will not suit everyone. There are some less stressful ways.
Today we will look at a few alternative methods that can be your source of income in a rising market or even if it becomes stagnant.
1. DeFi: staking and liquidity pools
DeFi (Decentralized Finance) is one of the most popular ways to make money in the crypto space.
It includes two main tools:
Staking: freezing your cryptocurrencies to keep the blockchain running. You get rewarded for this in a percentage (usually between 5% and 15% per annum), which makes staking a great passive income option, especially during periods of market stagnation or "bottom".
You can receive rewards, for example, in Ethereum, which can potentially increase in value significantly, unlike a stable currency like USDT.
Liquidity pools: investing in funds that provide liquidity on cryptocurrency exchanges and for this, you get a share of the commissions that traders pay.
2. Ambassadorship in crypto projects
If you have skills in marketing, programming, understand how the market works, can do research or just like to communicate with people, you can become an ambassador for a crypto project.
Ambassadors perform various tasks related to the promotion and functioning of the project, and receive a reward in cryptocurrency for this.
You can start as a volunteer or on a paid basis, depending on your skills and experience.
3. Drophunting
This is searching for and participating in cryptocurrency giveaways from various projects. The projects offer rewards for performing different tasks, which it is possible, but not 100% guaranteed that you will get the reward.
The actions are as simple as possible and available to everyone: subscription to social networks, registration on the site, participation in polls, etc.
While both seen as alternative investments and potential hedges against traditional financial systems, have distinct differences in terms of value and usefulness.
VALUES THEY ADDED
1. Gold:
- Tangible Asset: Gold is a physical commodity with inherent value due to its physical properties, such as conductivity, corrosion resistance, and malleability, which make it useful in electronics, jewelry, and industrial applications.
- Historic Stability: It has been valued for centuries, providing a long history of acting as a store of value and a medium of exchange.
- Inflation Hedge: Traditionally seen as a hedge against inflation due to its relatively stable demand and supply dynamics.
2. Bitcoin:
- Digital Asset: Unlike gold, Bitcoin is entirely digital. Its value is not based on physical properties but on its capabilities as a cryptocurrency.
- Supply Control: Bitcoin has a capped supply (21 million coins), making it deflationary by design, which can be an attractive feature for those looking to preserve value over time.
- Market Sentiment: The value of Bitcoin is highly influenced by market sentiment, adoption rates, and its perceived utility as a future medium of exchange and store of value.
Thereâs many strong #memecoins including $DOGE , $SHIB , $PEPE and $WIF but I truly believe that $FLOKI is the best out of all of them because it has strong fundamentals, solid roadmap with a focus on utility and heavy worldwide marketing team making it #BullishAF #FLOKI will be a true leader this #Bullrun
How Do I Know That You Will Get Rich This Halving/Bull run?
1. The first halving that happened in 2012 never made many people rich cause there was no historical proof of it rallying Bitcoin price. So, just a few made money.
2. The one that happened in 2016 was just for risk takers. This is because something cannot just happen once and we still expect it to happen that way again.
So, it was the hard core guys/investors that went in and they all made crazy money.
3. The one of 2020 was expected. In fact, those in crypto then waited for it and were all ready to place their bet on it. Remember, we have already seen it rallying the price of Bitcoin in the past two halving. So, surely it's gonna do the same this time cause the third touch always does the trick. In trading, the number 3 is a great number and guess what? We experienced fire in 2020/21. But the problem with this is that many were not into crypto then. We still had disbelief in crypto then.
4. This fourth one, everybody is ready đ„đ„đ„
Some said it's because of the war happening in Israel and some other countries. Because Iran launched drones and attacks yesterday in Israel, the market dipped.
Some said it's a correction from the previous bull move đđ
Some said it's because of what the S&P 500 is doing in the stock market. That the Crypto market is also part of the Market aggregation.
What should you believe in now?
Believe in nothing rather buy more coins instead!!!
What's Your Take On Shiba Inu This Coming Bull Run. $SHIB
I saw a rapid move during the last bull run and it was as if Shiba Inu movement was tagged to Bitcoin.
Same as what we are seeing now.
Will Shiba Inu win this time?
Shiba Inu is expected to surge 155% as Meme Coin Establishes Strong Support Levels. The meme cryptocurrency Shiba Inu is maintaining pivotal Support levels, the same ones it has been rejected from in early 2022. According to analysis by Rekt Capital, Shiba Inu is now expected to rise by 155% to a value of $0.0000701