What Are the Best Ways to Make Money with Cryptocurrency?

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emilyjousha
20
emilyjousha  
I am looking for what are the best ways to make money with cryptocurrency.
amando
2563
amando  
Easy, stay away from crypto.
Juvenille Emperor Limited
Moderator
11476
Eleni Anna Branou  
amando:
Easy, stay away from crypto.

Good advice.

Kenneth Parling
10867
Kenneth Parling  
emilyjousha:
I am looking for what are the best ways to make money with cryptocurrency.

i think cryptocurrency will put you in a very bad financial situation at one point or another....as the other two suggestions - Stay away from it! 

SASA MIJIN
1966
SASA MIJIN  
Hi, I am trading crypto 2 years profitably now. My advice is (same on all markets), Stop Loss is a must, do not risk more than 1% of your account in a trade, like never. FOMO is bad, trade levels, and your edge, not news. Have few profit targets, and because all crypto most of the time move same way, hedge with other crypto. 
Stay away from all crypto that is under like 10 spots in coinmarketcap. 
Basic Principles - Trading Operations - MetaTrader 5 Help
Basic Principles - Trading Operations - MetaTrader 5 Help
  • www.metatrader5.com
is an instruction given to a broker to buy or sell a financial instrument. There are two main types of orders: Market and Pending. In addition, there are special Take Profit and Stop Loss levels. is the commercial exchange (buying or selling) of a financial security. Buying is executed at the demand price (Ask), and Sell is performed at the...
Marco vd Heijden
Moderator
12776
Marco vd Heijden  

You could try Mining but it requires a hardware investment and some knowledge of the technology.

There are also websites where you can rent hardware but i would advice to avoid those because there are a lot of fraudulent ones.

emilyjousha
20
emilyjousha  
Thanks to all of you.
Vlad Accrue
16
Vlad Accrue  
Setting buy-btcusd or sell-btcusd profit-limits around $2,000 from entry price and waiting until it closes to profit.
SASA MIJIN
1966
SASA MIJIN  
Vlad Accrue:
Setting buy-btcusd or sell-btcusd profit-limits around $2,000 from entry price and waiting until it closes to profit.

That is not strategy, that's gambling, you have better luck going into casino and put red or green on roulette. Let say for example 2019, in feb you did sell order od $5500 and price went to 13K+, you lost your money. Or 2018 you had buy limit and 15K,11K,7K and... well does not matter, people need to learn to trade. There is no shortcut, you may be lucky few times, but luck and long term making money is 2 different things. 

11346982
6
11346982  

So, why may we stay away from crypto. Who are you to say something like that and what are your arguments? Thankyou in beforehand. 

11346982
6
11346982  
Is not strategy anything other than eventually in best case qualified guessings? Who knows anything about the future, really?
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