HOW TO PROFIT FROM CRYPTOCURRENCY
PROFITING FROM THE CRYPTOCURRENCY BOOM
Beyond buying and selling bitcoins and other cryptocurrencies, there are several ways to create wealth and make money in the cryptocurrency space. This blog post explores the value chain anyone can be part of and still profit from the boom. Enjoy.
1. BITCOIN / FIAT TRADING: For instance if you are in the United States or U.K you can trade bitcoin for dollars, euros or naira and make gain, you can make gains by buying low and selling high.
You can serve as a middle man in a peer to peer market plan; e.g when someone places a bid to buy $10,000 worth of bitcoin at 350 per dollar. I can now decide to sell at $12000. You can also create wealth in this platform via bitcoin/fiat trade.
CLICK HERE TO START TRADING BITCOIN AND CRYPTOCURRENCY ON BINANCE
2. AIRDROPS; These are like free bounties or a new coin or about to launch coin distributes. What they normally do is to try to gain grounds on the market. For instance, a company may like to distribute 1million coins for free. These coins may get to a thousand people, 10,000 or 100,000 people. Now, each of them may have 10 coins or 100 coins or 500 coins or 1000 coins being distributed, also note that this is being done on a random basis, so you don’t determine the exact amount of coins you gonna get.
Once you get this airdrops you can take them to differrnt exchanges and sell off to get bitcoin or ethereum, also note that there are procedures to undergo before you can get this airdrops. For instance, TRX known as TRON came out as an airdrop and many made money via it. You can make as high as $2000, $5000, $10,000 or more if you are serious with these airdrops. I call it the Free money aspect in cryptocurrency.
3. MASTERNODES AND STAKING: In a lay man term I am going to explain what Masternodes are all about.
MASTERNODES are like fixed deposit in bank accounts, for instance the first Masternodes is called Dash.
Masternodes are like me having a coin staking and this coin community wants me to hold its coin in a certain wallet to guarantee this coins security, thereby making me a community or node owner and I get reward for holding this coins daily. Because I am helping to hold this coins in the nodes online and perform transactions and helping its community, for instance if you are Masternodes owner you hold certain amount of coins like 1000 coins or more , you get like 10 coins of the coin you are holding per day. It means in 60 Days you are holding like 600 coins. This receiving bonus of the stake you made is what really matters a lot not even the price. It’s a kind of governance system in the crypto currency space, DASH is one of the top 10 coins in the crypto currency space, it was a successful project, very fast and has a good technology. There are a lot of masternodes coins, more than 300 in number that are masternode coins as at today of writing this.
Masternodes coins can be traded even before they are launched in the market.
STAKING: You can have something in which you run your system(computer) 24/7 on a steady basis to host the coin network, this makes you to host the coins network, you are thereby rewarded with the coin for performing this tasks of yours.
People who bought dash Masternodes at $8, as at the time of making this video dash was sitting at $1200, imagine those who bought dash then at $8 they are now multi millionaires,
4. BITCOIN MINING; There are lot of programs that claim that they mine bitcoin, please you have to be careful of them because most of them are fake and don’t give any rewards as the claim, well am not going to mention names. Mining is one of the biggest industries in bitcoin space. It makes use of super power computers to mine it in large farms where they have energies and make use of mining chips. People mine ethereum, litecoin and other coin with their laptops and desktops. Well, before you go into mining, you need to calculate the cost and check the rewards, I prefer Masternodes over mining
