How to earn daily from cryptocurrency?

As we can know most retail investors adopt the HODL mentality, which is a strategy of holding a coin for long-term growth. While this is a solid approach, there are other ways to make money in crypto that every investor should explore. Think of your money-making method as diversification. Take the last few months for example.

The average holder made huge gains in December on the back of Bitcoin hype and mass media attention. But as Bitcoin experienced a major correction in early January, the entire market was dragged down with it. Holders were slowly bleeding daily with their small alt-coin holdings during the 4-month bear market.

So how can we ‘make money’ in a crypto market? How can we make money in the crypto market?

Diversification is key to our money-making strategies.

Take some time to analyze your portfolio. How do you view your holdings?

Do you group by their market cap? (ie micro, small, mid and large-cap)

Do you group by investment term? (i.e. short, medium and long term)

Say you organize your portfolio by investment tenure. Here’s how you can break down your portfolio:

Long Term: These are your HODL coins, solid projects that you believe in and continue to hold regardless of price action. You ignore the short-term fluctuations in price, but over a longer time frame these projects double, quadruple, 10 times in value.
Mid-Term: These are new and less established projects in which you see good potential growth. It is not as rock solid as your long-term holding but has decent potential to become a long-term holding perhaps one day. It is more important to time your entry with these holdings to avoid buying when prices are high. In a bull market, these smaller alts will bring you better returns than your traditional large-cap cryptocurrency.
Short Term Trades: This is your fun money that you use for day/swing/momentum trades (whatever suits your fancy!). You don’t necessarily do deep fundamentals analysis on these projects because you are trading more on technical analysis. This should be only a small part of your portfolio.

But there is another money-making strategy that is overlooked by investors that fits into any portfolio organization.

So now without wasting time let’s dive in to 7 ways to make money every day in crypto.

Passive Income sound fantastic and it means that income received on a regular basis requiring minimal to no effort to maintain.

ARK:

ARK is a 3rd generation blockchain platform that uses a Delegated Proof of Stake (DPoS) consensus mechanism (DPoS). ARK has one of the best desktop wallets that is easy to use and fully compatible with Ledger Nano S, making it an attractive option to set up for staking.

Want to buy some ARK? You can buy ARK on Binance, Bittrex and COSS.

LISK:

LISK is a similar blockchain project that uses the DPOS mechanism and representative voting. In LISK, the top 100 representatives share stake coins and LISK holders can similarly vote for representatives based on the payout they are offering.

Want to buy some LKS? You can buy LSK on Binance, Huobi, Bittrex and COSS.

NEO:

NEO, formerly known as AntShares, is a blockchain platform that uses the Delegated Byzantine Fault Tolerance (dBFT) algorithm. Like ARK, NEO has a very user-friendly desktop wallet developed by City of Zion that is fully compatible with Ledger Nano Ace.

Want to buy some NEO? You can buy NEO on Binance, Bitfinex, Huobi, Bittrex and Kucoin

VeChain Thor (VET, formerly VEN)

If you’ve been in the cryptocurrency space recently, you’ve probably heard of VeChain. It was so shielded that mentions of VEN were banned from the subreddit r/cryptocurrency for a month.

Want to buy some VET (currently VEN)? You can buy VET on Binance, Bithumb, Huobi, Kucoi and Liqui

Icon (ICX)

ICON uses a Loop Fault Tolerance (LFT) consensus mechanism, with the same payment system as those using DPOS. ICX holders similarly vote for delegates who help run the ICON blockchain, and delegates reward voters by paying them a portion of their earnings.

Want to pick up some ICX? You can buy ICX on Binance, Bithumb, Huobi and COSS

PIVX

PIVX is a fork from DASH and uses a proof-of-stake consensus mechanism. As with the VeChain system, users running a masternode on PIVX receive higher payouts than those who simply stake their PIVX. You need at least 10,000 PIVX to run a masternode.

Want to pick up some PIVX? You can buy PIVX on Binance and Bittrex

Stellar (XLM)

While not technically a crypto that pays dividends, holders of Stellar Lumens can receive inflation payments by joining the Lumenaut community pool. It may not be as much as ARK or LISK in terms of payouts, but it’s still free money! So if you’re an XLM holder make sure you set up your Lumenaut! The instructions are very easy to follow.

How To Make Quick Cash With Crypto?

Cryptocurrency is synonymous with speed, making fortunes and losing fortunes. If you are willing to take the risk, there are many ways you can make quick cash with crypto. Just be advised that dabbling in cryptocurrency is not for everyone.

Although news reports like to highlight the incredible gains that cryptocurrencies can generate – witness Shiba Inu’s incredible 49 million percent gain in 2021, for example – they often don’t talk about the incredible losses that some investors suffer. Latecomers who bought the Shiba Inu at its all-time highs, for example, are now sitting on losses of nearly 90%.

But as long as you’re fully aware of the risks you’re taking by diving into the world of cryptocurrency, there are definitely ways you can potentially make quick cash. Here are just a few options.

Trade it
Mine it
Store it
Arbitrage it
Accept it as payment

Frequently Asked Question:

How can I earn crypto fast?

Ans. The best methods to earn significant free bitcoins include airdrops, bounties, tip bots, referrals and purchase rewards. You should try a crypto rewards card that offers guaranteed ways to earn free bitcoins, but you will have to spend a little.

Which cryptocurrency is best for earning?

Ans. We’ve identified 6 of the best new cryptocurrencies to buy in 2022:

DeFi Coin – DeFi staking coin that earns up to 75% APY.
Lucky Block – Play-to-earn crypto game token with daily rewards.
Tikka Token – Wealth management coin with growth potential.
Stepan – Move-to-earn crypto token with long-term value.
Terra – Beat-down algorithmic stablecoin is poised for a comeback
Avalanche – Ethereum competitor at a huge discount

Will SHIB reach 1 dollar?

Ans. That means Shiba Inu’s market cap will be $589.7 trillion! Which is 6.3 times of global gross domestic product? But, of course, reaching that number is virtually impossible for SHIB; therefore, the Shiba Inu will never reach $1.

How can I earn money with bitcoin every day?

Ans. There are many ways available when it comes to the question of making money with cryptocurrency, below are 10 ways to make money with cryptocurrency.

Day Trading Crypto.
Financing.
Crypto market mining.
Cryptocurrency Dividends.
Become a crypto broker.
Creating cryptocurrencies.
Promote cryptocurrency exchanges.
Airdrop.
Buy and hold
Invest in cryptocurrency companies

Conclusion

Generating passive income is an important strategy to consider when setting up your cryptocurrency portfolio.

Be sure to diversify your holdings by including ‘dividend’ paying projects so you can still build your stacks in a down market!