How to Earn Profits After Entering the Cryptocurrency World: A Guide for Newcomers#
For newcomers entering the cryptocurrency world, figuring out how to earn profits can be a confusing question. Here, I will share some insights based on my years of experience in the crypto space to help beginners 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 through 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, but the best method is the one that suits you.
1. Trading Coins: Buy Low and Sell High with 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 cryptocurrencies provides ample room for maneuvering. Short to medium-term buying and selling can range from a few minutes to ten days or even 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, with "B" representing the buy point and "S" representing the sell 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 for Long-Term Gains!#
Holding coins refers to possessing promising cryptocurrencies with the expectation of greater returns in the future. Choosing the right assets is crucial; you must buy at the right price and use a dollar-cost averaging method 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 their investment from altcoins or leveraged contracts. Holders often feel lonely and are more suited for a laid-back lifestyle.
Note: When holding coins, pay close 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 — Links — VPN 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 typically reaching over 10%. Choosing a large platform is wise, especially DeFi platforms on the Ethereum chain. Whether you are a beginner or an expert, you can achieve decent returns through mining.
The image above shows Binance's latest 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 a Binance account. Access requires a VPN; please click top right corner — Links — VPN 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 the platform's tokens 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 an OKX account; some regions may require a VPN or alternative link.
Binance always offers fee discounts and new user packages, but domestic users need a VPN to register: Click here --> Go to the official website to register a Binance account.
5. GameFi: Earn Profits by Playing Games and Explore New Gameplay!#
The GameFi sector has seen the emergence of numerous blockchain games, such as StepN, which allows you to earn by running. By completing tasks in the game, you can earn some profits, but this gameplay requires an initial investment in virtual currency. Although this field is still in a chaotic phase, it offers opportunities to try new gameplay.
6. Airdrop Hunting: Acquire Tokens at No Cost and Start a Risk-Free Journey!#
Airdrop hunting, 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 quality projects that distribute valuable airdrops. To participate in airdrops, pay attention to project thresholds while focusing on experiencing the product. Airdrop hunting can yield significant income; if done well, one can earn hundreds of thousands in a year. Airdrop hunters need strong psychological resilience, as they often engage in a battle of wits with powerful project teams, waiting patiently for the right moment to strike and reap rewards. Some individuals in the crypto space are deeply involved in airdrop hunting, with a few achieving financial freedom by securing large airdrops like $ARB.
If you're interested, check out 【Airdrop Interview】"How I Secured 80,000 ARB Tokens".
7. Physical Mining Machines: Low-Cost Acquisition of Virtual Currency and Exploration of 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 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 with cloud mining services.
In fact, there are various ways to make money in the crypto space, suitable for different types of investors. It is advisable for beginners to 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!
🔥 Solving Access Issues to OKX Exchange in China#
Many exchanges' original domain names may be blacklisted, or access speeds may be affected due to servers being located overseas. For ordinary users, this often leads to confusion and even doubts about whether the exchange itself is experiencing issues. In reality, this is more about the network environment than a service interruption on the platform itself. To address this, exchanges like OKX and Binance often regularly update backup domain names to ensure users can continue accessing the official website through alternative addresses.
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- OKX backup domain Overseas OKX - Requires VPN or alternative link
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- Binance backup domain Binance
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- Bitget backup domain Bitget
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- Bybit backup domain Bybit/Bybitglobal
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- Huobi HTX backup domain Huobi/HTX
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- Gate.io backup domain Gate.io
🔥 Related Reading#
🔥 Useful Tools for Finding Gold Dogs#
1️⃣ Axiom Dog Tool https://axiom.trade
2️⃣ Gmgn Dog Tool https://gmgn.ai
3️⃣ dbot Dog Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
What Everyone is Searching For#
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