5 Ways to Make Money With Crypto Currency

Crypto currency has brought about series of wealth creation opportunities for individuals across the world. Regardless of your race, sex, religious, background, location, you can make money via Crypto Currency. Below are some of the ways to earn using crypto.

1. Investing/HODLing
Investing is the long-term strategy of buying and HODLing crypto assets for some time. “HODL” is a drunken misspelling of “hold" which was adopted as a slang by crypto enthusiasts.

To invest wisely in crypto, you have to be able to identify assets that will be around for the long term and give you good returns. Assets such as Bitcoin and Ethereum are known to be a safe investment as they have had an increase in price in the long run. To be able to identify assets with long term potential, you have to understand fundamental analysis. Read more about fundamental analysis here: https://godstimeukahlive.medium.com/technical-analysis-vs-fundamental-analysis-1a32495e6a3b

2. Trading

The crypto market is volatile. As such, prices of assets fluctuate (increases and decreases) within a short time. Trading involve taking advantage of crypto assets for short term profits. Just as the traditional way of trading, you buy low and sell high.

To be a succeed at this, you need to understand technical analysis, analyze market charts and make accurate predictions about price actions. A crypto trader can either take a long (buy) or short (sell) position, depending on the predicated price action.

With a good understanding of technical analysis and expertise in trading, you can make a profit regardless of whether the crypto market is in bullish or bearish season.

To learn more about technical analysis, read this: https://godstimeukahlive.medium.com/technical-analysis-vs-fundamental-analysis-1a32495e6a3b

3. Crypto Social Media
Multiple blockchain-based platforms will reward you for creating contents to promote their platforms. For example, Binance can reward users for creating videos about their P2P feature.

Those who create contents for these Crypto platforms are often rewarded with the native coin of the platform. For example, Coin98 rewards with $C98.

4. Farming/Staking
Farming involves staking your crypto asset for some time in order to get rewards.

Staking is a way of locking away your asset in a cryptocurrency wallet for some time. You own it but can’t carry out any transaction with it.

In staking, you’re lending coins to a stake network in order to allow the network to maintain its security and verify transactions.

In a more traditional sense, it is like a fixed deposit account of a bank where you get rewarded after the time agreed elapses. Gateio has numerous staking deals. You can sign-up here: https://www.gate.io/signup/4885780

5. Airdrops and Forks
Airdrops and free tokens are distributed for campaign purposes. It’s done to create awareness about a project. Participants of an airdrop can claim a free coin which they can use to trade, invest or buy things if they wish.

On the other hand, fork is basically about getting a token or coin as a reward for HODLing another token or coin. For example, you can get $doge or $xec or $btt for free because you’re HODLing $bnb on Binance.