There's something I'd like to share to my crypto enthusiast buddies like me what is your thoughts on these.
As you have seen there's a trend happening to prices after listing of this bunch of crypto coin from Telegram.
one of the thing is that there's a lot of hype under this coin as there's major number of users using Telegram and participating in the airdrops which makes lots of people as I'm included to be anticipating major profit and I'm getting it for free with a little task also.
Then after listing and the hype and anticipation cools down and "Majority of everyone getting the token" the prices kind of shifts lower and lower which causes some headaches to majority of people if not all. And the frustration creeps in.
So you wonder why I'm discussing and highlighting these one thing we must know by now there's little to none of those Bitcoin,Ethereum and other's tho the coins could surprise us and rally at some point it's kind of hoping and throwing your prayers and it's rare tho it happens.
So what is the solution...... We should evolve and find tricks to beat and become more profitable in the Market the vast and ever growing crypto market it's all about becoming profitable. And not hope and place your luck on Hodling if you know what I mean.
Here are 4 ways to become profitable in crypto apart from holding:
1. Trading: Engage in day trading or swing trading to capitalize on price fluctuations. This requires technical analysis skills and market knowledge to buy low and sell high.
2. Staking and Yield Farming: Earn passive income by staking your crypto in proof-of-stake networks or participating in yield farming, where you provide liquidity to decentralized exchanges in exchange for rewards.
Sure! Here are two additional ways to become profitable in crypto:
3. Arbitrage: Take advantage of price discrepancies between different exchanges. By buying low on one exchange and selling high on another, you can make a profit with minimal risk.
4. Participating in Initial Coin Offerings (ICOs) or Token Sales: Invest early in promising projects before they hit the mainstream market. This can yield high returns if the project gains traction, but it also carries significant risks.