You don’t have to be smart to profit from cryptocurrencies, or have a lot of money to profit. Sometimes, all you need is knowledge, following the smart money and not running with the crowd or chasing the hype.
Within the next few pages, you’re going to learn how you can start profiting.
Trading Bitcoin is one of the best ways to increase your profit potential with bitcoin. And guess what? It doesn’t matter the value of bitcoin or which way the price goes, you can still make money.
No need to buy and hold, sitting around, waiting for it to appreciate.
As a trader, you can make as much as 10%-100% every single day. Yes, that’s very possible. And you can always repeat the process to compound your returns.
My goal is to teach you the in and outs of cryptocurrency and bitcoin trading using
“The Fail-proof Cryptocurrency Trading Formula”.
Let’s quickly look at the forms of trading;
- Long Term Trading/Position Trading
This is just same as you buying and holding bitcoin or any other cryptocurrency you have researched and believe in what it solves, the team and are will to risk putting in your capital with the hope of it appreciating value in the future. This can take 6months, 1year, 2years or even 5years.
However, you don’t just jump into the boat with mere hopes of it appreciating. You have to find a position using strategies to identify key profit zones to buy and sell.
It is very difficult to predict the price of the market. Hence you must arm yourself with the strategies discussed in The Fail-proof Cryptocurrency Trading Formula”.
You don’t want to be like those who bought bitcoin when it was $20,000 late 2017 and now hoping it appreciates above $20,000. You always want to get Bitcoin at a discounted price.
Many people are now millionaires because they bought Bitcoin in 2011–2017 and haven’t sold even as it approaches $10,000. Investing into long-term cryptocurrencies can be extremely profitable and a lot less stressful than trading them. I recommend to buy the coins on Binance or Luno and store them securely on a Wallet on your computer such as exodus.
This is my favorite way of trading Bitcoin. You simply hold a position for say 2 or 3 days. Because it is much better to wait for the big moves rather than scalping off each move Bitcoin makes.
When it comes to trading Bitcoin, less is more. So you don’t want to trade bitcoin everyday as contrary to tading EOS or NEO which are altcoins.
So, you want to find the trends early. I.e you find a position and enter it early once there’s a clear market direction. This is where technical analysis comes in and that
I covered in “The Fail-proof Cryptocurrency Trading Formula”.
The problem is, many traders are usually late to the game. You have to be early to make massive profits. You can call this trend a Bullish Trend.
This is simply entering and exiting a trade within the span of a day. This is my favourite strategy for trading altcoins. However, you only want to day trade a coin when it has significant trading volume.
Never trade low volumes as the market do go sideways sometimes and you can get caught up and lose money or fight for pennies.
Good technical analysis and understanding the market is paramount to a successful day trading.
Investing us another great way of profiting from cryptocurrencies quickly. However, you want to do your due diligence before investing your money with anyone or company.
The fact that cryptocurrencies are not regulated comes with high risks such as losing your money to scammers. Hence, you must always do your own research and only invest with a company you believe in and trust.
Let’s briefly look at some form of investments
These are initial coin offerings. Just like you have IPOs in the stock market, whereby a company can go public and ask for the support of the public and exchange for a share in the company, the same thing happens in cryptocurrencies.
A company can have a great idea to be lauched on the blockchain technology but
lack the financial power to implement the idea. What they do is simply ask for support from the public in exchange for tokens or coins.
Some people buy into ICOs and flip the coins for a x2-x3 profit after they hit exchanges. Others decide to invest into ICOs and hold them for long-term for greater profits. If done right, you can get really rich from doing ICOs. Some tokens of successful ICOs already had an increase of x50-x100 from its initial token price!
In “The Fail-proof Cryptocurrency Trading Formula”, I have included ways & strategies on how to properly analyze and evaluate ICOs.
Mining is the process of confirming the validity of transactions on the blockchain.
The blockchain is a public ledger where all transactions are grouped together in blocks.
Mining requires tremendous computational power to solve complex cryptographic math problems. This math problem comprises of all previous blocks on the chain and the first computer to solve this math problem is rewarded with bitcoins.
The more computers trying to solve the problem, the more difficult it becomes to solve.
This increased difficulty has led the the production of specialized machines for mining. These are called the “Application specific Integrated Circuits (ASICs)”. Their function is to generate random hashes to solve a cryptographic math problem as quickly as possible, while using the least amount of electricity. However, these machines are very pricey.
You can decide to invest on one if you have the funds or buy a contact with a cloud mining company such as vozex or hashflare.
Please do your own research before investing in those platforms. But as at the time of writing this report, the sites are still in operation.
Affiliate marketing is another great way to profit from cryptocurrency. All you need do is signup to a company that offers affiliate commissions.
Binance and Luno are great companies that offers commissions for signing up new members. And mining companies such as hashflare or vozex as offer that.
Another Company you can use is Birrion. Birrion offers a lot of rewards (happy rewards and friendship rewards) to its users and you get double the rewards when you sign up using an ambassadorial code.
You can use my code “Melody” when creating an account to double your rewards.
To start using Birrion, simply go to your play store and search “Birrion”.
If you’re good at advertising and recruiting others to a platform, then this is a great opportunity for you.
But be careful, there are also a few Scam Ponzi Schemes which disguise themselves as serious affiliate programs. Don’t fall for these pyramid schemes!
certain collateral and have additional capabilities that “normal” nodes don’t have. One example of these capabilities is DASH’s “Private Send”, enabling e.g. fungibility not possible with e.g. Bitcoin. Another often implemented and important feature of Masternodes is a voting mechanism to reach consensus in decentralized projects.
The (incomplete) list of features provided by Masternodes include:
- Anonymization / increased privacy of transactions
- Instant transactions
- A decentralized governance
- A decentralized budgeting system
- Immutable proposal and voting systems.
You can find list of different masternodes by visiting masternodesonline
Since masternodes fulfil special functions for a cryptocurrency network but do cost money and effort to operate, they are incentivized by gaining a share of the block rewards in their respective cryptocurrency.
They yield varies primarily according to the masternode count and each coin might have different payout periods. A few coins pay out daily; others pay out several times a day.
This makes masternodes a form to earn "passive income" on cryptocurrencies without having to run expensive mining equipment.
To create a masternode, a user needs to lock in a specific amount of coin. Users can then either setup a server to host the masternode or ask a service provider to do so on their behalf.
I personally think masternodes are a great way to hold your coins and earn some juicy rewards.
You need some technical knowledge to setup a masternode server, but once you’ve done that it’s generating passive income and you only need to check every once in a while if the coins come in.
Normally you mine coins with your computer and get coins as a reward. That’s how transactions are confirmed on the blockchain. This is called Proof of Work (PoW).
But there is also a System called Proof of Stake (PoS).
The transaction confirmations are not done with hardware but with already owned coins.
An amount of your coins are on the stake, while they are used for staking and you earn a percentage of your staked coins.
Staking is also related to time. You are paid an amount based on an amount of time that has elapsed. Some coins also have limitations on when the coins will stake and for how long.
Different coins have different values for how the staking works and these values are important for assessing the value (or future value) of a coin.
Mostly you need to keep the wallet open & your computer running while you are staking your coins to gain reward. However, there are some coins like NEO for example, where you can just leave them in your wallet and close the wallet and it still generates rewards.
While Fiverr is a great marketplace for freelance jobs and freelancers to showcase their services and get paid, the rules, competition and the 20% fee are making things difficult.
Most especially for the newbies.
So without much introduction...
I will be talking about 2 freelancing sites that pay in bitcoin
The site works just like upwork where you have to bid for jobs. It not very popular. Hence, very easy to get jobs there. They have an escrow service and keep 5% as escrow fund fee.
You can join XBT here
This is another awesome place and just like Fiverr you get to set up your gigs and wait for buyers to contact you. However, the site receives less traffic. So you need to promote your gigs for a better exposure. Unlike Fiverr with lots rules and charges, they keep 4% fee for escrow services.
You can join Cryptogrind here
The blockchain and bitcoin offers everyone the freedom to innovate whatever they want and not get questioned by anyone.
If you have an idea and you know it would help change the world, you can build an app or program using the blockchain technology or just a simple app to help the community.
This would provide you passive income as you’d continue earning from your idea.
So, if you’re a programmer or software developer, take advantage of the power the blockchain offers you.
I am including this as a bonus. You can earn bitcoins and other cryptocurrencies from faucets for free.
This is the simplest method of earning cryptocurrencies as it doesn’t require much from you. All you need do here is solve a puzzle or captcha and you’ll be rewarded with bitcoins or other altcoins.
There are thousands of bitcoin faucets on the internet but you want to be careful and not dive into anyone you see out there. Some are scams others are not worth
the time and energy. However, I have taken the pain to collect some of the high paying faucets on the internet and you can access them here. I won’t be able to go into details on all faucets as they are very easy to use and navigate.