Thread by @Cosmos_Tic

Everyone wants to profit from #cryptocurrency

Unfortunately, most people don't know how or where to start.

These 8 strategies will teach you how to make money from cryptocurrency + 100x your investment . Thread 🧵 👇

1. Buy & hold

Well established #crypto like $BTC & $ETH may rise and fall

However, if we look at the graph, these coins have remained in an upward trend over time.

You can buy your preferred tokens when price drops, hold for months or years & sell at a significant profit

2. Trading

You can take advantage of short-term chances rather than long-term investments

To be successful, this strategy requires a high level of technic & analysis

Given how volatile #crypto is, you can purchase or sell depending on your ability to predict price behavior.

Whether you chose scalping, day trading or swing trading

There are several ways to minimize risks in trading #crypto but here are a few

• Use stop losses
• Use technical analysis
• Watch trading time
• Diversify your trade
• Minimize trading cost
• Stay informed

3. Airdrops

#Airdrops are normally distributed to support new cryptocurrencies and enable mass adoption

This is where it pays to be a #Cosmonaut 😂

You can decide to hold, stake, or sell your allocation

Position yourself & you can make free money from airdrops

Here’s how 👇

https://twitter.com/cosmos_tic/status/1556711093153796097

4. Lending/borrowing

Lending is simply depositing crypto.

This crypto is then lent out to borrowers in return for regular interest payments

Basically, borrowers pledge their #crypto as collateral and agree to pay interest, lenders offer cash or other crypto.

Several platforms, both centralized and decentralized, offer lending and borrowing.

Similar to typical loans, platform-specific interest rates and monthly payments are required.

Unlike traditional loans, the loan terms for #crypto can be as short as a few days

5. Mining

One of the first ways to make money in #crypto is by mining, which is crucial to the PoW consensus mechanism.

This is the process of validating transactions and securing a PoW network

To perform these functions, miners receive new coins in the form of block rewards

6. Dividends

Another way to make money with your crypto holdings is through dividends

Some cryptocurrencies offer payments in coins to stockholders, much like buying stocks or bonds

However, you’ll need to DYOR to see which #crypto pay dividends & if they are really worth it

7. Validator Business

We've all had to use validators to stake our tokens

Keeping the network secure? Validating is a business not a charity org.

You can earn money from commissions

To carry out several functions validating nodes will utilize the Proof-of-Stake model…

… this means that you can validate transactions based on how many tokens you hold.

To be considered a validating node, you must stake an amount of the set tokens when verifying a transaction

Validating is a 24/7 thing. And there are risks, so you may want to consider that too

8. Staking

Every #Cosmonaut knows about staking. Right? 😂

Staking is simply locking up your #crypto for some time to earn rewards in the form of additional tokens

Staking In #cosmos is highly profitable as you can get #Airdrops of new #crypto coming into the network.

That’s a wrap for now.

We tried to keep this thread as short and precise as possible

Let us know what you think? How do you make money from #crypto ?

Which strategy do you think has low risk and high rewards?

Don’t forget to Like, Retweet, Tag frens & follow @Cosmos_Tic LFG