After entering the cryptocurrency world, how to earn profits may be a confusing question. Here, I will combine my years of experience in the crypto space to introduce several ideas to help newcomers explore ways to make money. From trading coins to holding coins, from DeFi mining to exchange arbitrage, this will give you a clearer understanding of blockchain investment.#
As a new member of the crypto community, you may feel puzzled about how to obtain investment returns. Don’t worry! This article will take you deep into several money-making ideas to help you achieve financial growth in this virtual world. Whether you want to trade coins, mine, or look for more stable arbitrage opportunities, you can find suitable strategies here! Remember, there are many ways to make money, and the best one is the one that suits you.
1. Trading Coins: Buy low and sell high, unique trading strategies!#
Trading coins is similar to trading stocks, where buying low and selling high is key. In this market, traders dominate because the volatility of virtual currencies provides ample room for maneuver. Short to medium-term buying and selling can have intervals ranging from a few minutes to ten days or half a month. However, trading coins requires not only attention to market dynamics and coin trends but also the ability to take profits at the right time to avoid greed.
In the image above, we traded two coins, APT and PEPE, where "B" represents the buying point and "S" represents the selling point, illustrating a typical "buy low, sell high" operation. Using this approach, earning several hundred USDT (two to three thousand RMB) in a day is quite common.
In addition to manual trading, you can also consider using programs, employing quantitative trading bots, and adopting well-known trading strategies such as grid trading and Martingale to enhance your investment returns.
2. Holding Coins: Grasp future value, embrace lasting profits!#
Holding coins refers to possessing potentially valuable virtual currencies with the expectation of greater returns in the future. Choosing the right assets is crucial; you should buy at appropriate price levels and use dollar-cost averaging to lower your purchase costs. However, sticking to your beliefs and overcoming greed is not easy, but it is key to achieving long-term appreciation.
It should be noted that the path of holding coins is destined to be arduous; the crypto world is full of myths, and it’s hard not to feel envious when seeing others gain several times or even dozens of times returns from altcoins or leveraged contracts. Holders are often lonely and more suited for a laid-back lifestyle.
Note: When holding coins, be sure to pay attention to wallet security; small amounts can be kept on exchanges, while larger amounts should be stored in cold wallets. The most famous cold wallet in the crypto space is to register a backup in advance: OneKey. Access requires a VPN; please click top right corner - Friendly Links - VPS Recommendations.
3. DeFi Mining: Obtain stable returns through asset liquidity!#
DeFi mining involves staking your assets on a platform to earn other tokens as rewards. This is a stable way to make money, with annualized returns often reaching over 10%. Choosing a large platform is wise, especially DeFi platforms on the Ethereum chain. Whether you are a novice or an experienced user, you can achieve decent returns through mining.
The image above shows Binance's latest smart chain DeFi mining activity for HFT, which has been ongoing, and new users can receive additional rewards upon registration. Click here --> Go to the official website to register for a Binance account. Access requires a VPN; please click top right corner - Friendly Links - VPS Recommendations.
4. Exchange Arbitrage: Cleverly seize new coin investment opportunities!#
Exchange arbitrage is a strategy that involves participating in new coin activities on exchanges to earn platform tokens as rewards. Choosing the right platform is key; you need to stake platform tokens before participating to qualify for new coins. This can bring more traffic to the project and the exchange, empowering you. However, remember to choose the right time and platform to minimize risks.
New users registering on OKX this month can receive blind boxes or Dogecoin gift packs; you can register directly in China: Click here --> Go to the official website to register for an OKX account; some regions may require a VPN or alternative link.
Binance always has fee discounts and new user packages, but domestic users need a VPN to register: Click here --> Go to the official website to register for a Binance account.
5. GameFi Gold Farming: Earn profits by playing games, exploring new gameplay!#
The GameFi sector has seen the emergence of numerous blockchain games, such as StepN, which allows you to earn money by running. By completing tasks in the game, you can earn some profits, but this gameplay requires an initial investment of virtual currency. Although this field is still in a chaotic phase, it still offers you the opportunity to try new gameplay.
6. Airdrop Farming: Acquire tokens at zero cost, embark on a risk-free journey!#
Airdrop farming, also known as "毛，" refers to the process of completing interactive tasks set by project teams to receive free token airdrops. Some tokens may not hold much value, but there are also high-quality projects that distribute valuable airdrops. To participate in airdrops, pay attention to project thresholds while primarily focusing on product experience. Airdrop farming can yield significant returns; if done well, it can lead to hundreds of thousands in income over a year. Airdrop farming requires strong psychological resilience, as farmers must outsmart powerful project teams, enduring long periods of patience before striking and reaping rewards. Some individuals in the crypto space have focused on airdrop farming, and a few have achieved financial freedom by successfully farming large tokens like $ARB.
If you're interested, I recommend checking out 【Airdrop Interview】“How I Farmed 80,000 ARB Tokens”.
7. Physical Mining Machines: Low-cost acquisition of virtual coins, exploring new mining methods!#
Physical mining can be divided into private mining machines and mining farms. The former is suitable for small-scale home mining, while the latter is for large-scale purchases of mining machines to establish mining farms. However, in the current bear market, balancing electricity costs and mining efficiency has become more challenging. Small-scale home mining requires careful consideration of electricity costs and noise disturbances, while mining farms can register accounts at cloud mining sites to mine.
In fact, there are various ways to make money in the crypto space, suitable for different types of investors. It is recommended that newcomers start with relatively conservative strategies and gradually explore more opportunities. Whether you choose to trade coins, hold coins, mine, or engage in arbitrage, thorough research and cautious decision-making are essential for achieving more stable investments!
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