HOW TO MAKE AN INCOME FROM THE CRYPTO MARKETS FOR BEGINNERS

Hi Platinum, Crypto Academy followers,

I as the market seems to be picking up i wanted to get this article out to really help those individuals who are either new to the industry or those wishing to understand different ways to make profits/income from this amazing currency revolution

What are Cryptocurrencies

Blockchain technology has revolutionized the financial world with the introduction of digital coins. People are gradually forfeiting the traditional financial institution and are starting to invest in cryptocurrency. The Crypto market has provided a lucrative platform for making money with cryptocurrency, and the best part is that you can always learn more about it.

Currently, the cryptocurrency market is still in its infancy and is still faces many hurdles to the holy grail of mass adoption, even so there are many ways to earn money in the cryptocurrency market including:

LEARN HOW TO TRADE CRYPTOCURRENCIES WITH A CRYPTO TRADER!

Cryptocurrency Mining — How to make Profits

CLOUD MINING AND HARDWARE MINING

There is also another affordable type of mining known as cloud mining. With cloud mining, you will only require a computer for communication since you will be using shared processing power tapped from a remote data center. You will save on electricity, buying equipment and the many costs that come with maintaining the equipment. Big organizations can earn passive income by employing miners to work at their firms. The miners can also be assured of a salary dependent on how much the mining process has generated.

The market cap of the coin influences the rate at which blocks are processed. By this we mean, the closer you are to the market cap, the harder it is to mine. Luckily, even though it may be very demanding, the rewards are worth it. For example, as of July 9, Bitcoin mining hit the highest at 9.06 trillion at block height 584, 640. When it comes to Bitcoin mining, the difficulty automatically adjusts after every 2,016 blocks. On the other hand, the reward you get on mining Ethereum depends on the mining pool and the hash rate. Therefore, the returns you get are influenced by your initial investment.

MINING DIFFICULTY

Cryptocurrency Staking — How To Make Profits

MASTER NODES AND NON-NODE STAKING

Certain coins are best known for staking such as Neo, Dash, Tron, and OkCash, etc.

Neo: This is one of the most staked cryptocurrencies. The theory behind NEO is using blockchain to make sure that there is a smart economy. It ensures staking by use of the dBFT algorithm. All users need to do is to hold coins in a NEON wallet, and they can earn interest for the staked coins.

Dash: Also known as digital cash, it is a common staking currency. Dash made itself to stand out by introducing PrivateSend and InstantSend features. Unlike Neo, with DASH, you can stake through a master node. The minimum requirement for staking is 1000 units, which translates to $320, 000.

OkCash: It is best known for being convenient for small transactions. Its ROI is among the highest at 10% p.a., which is a good value for money. Its current value is $0.121, and it has no minimum staking value.

Tron: Unlike many currencies that use the proof of stake, Tron uses the Delegated proof of stake (DPoS) whereby members of the community reach a consensus through a voting system. It is considered as one of the most efficient and reward proof of stake systems since there are reduced costs and low consumption of power.

Trading & Hodling

When it comes to cryptocurrencies, people are either buying and holding cryptocurrencies or buying and selling them. Trade cryptocurrencies only when the market is favorable or profitable. Just like with the stock market, investors can monitor listed cryptocurrencies on exchanges to determine when to buy or sell. With the current value of bitcoin, you can buy bitcoins and hold it as you await an increase in value especially with the intended halving.

Hodling (HODL) is holding on a cryptocurrency for a long time. Many investors prefer hodling as compared to trading as they claim it has better returns. There are, however, those who make more money from trading as compared to hodling. It all depends on timing, your strategy, and your goals.

Whether you decide to buy a cryptocurrency for trading or HODL, one rule of thumb still applies: buy when the price is low then sell at a higher price. That means that you will make a profit at the end of the day. Watch out for bear market trends to know when you are supposed to sell your coins. Many will suggest that investors invest in Bitcoin due to its stability and significant growth.

Using applications like Brave Browser

Using apps like Brave browser is a unique source of income from crypto markets. Applications will reward you for using their platforms. An example of that is the brave browser, which is an open-source browser that is private, secure, and fast. They have a reward system that will reward an individual for installing the application and viewing ads through the browser.

One can get free cryptocurrencies from many other applications. They include sweatcoin: it rewards you sweatcoins when you walk for a certain distance, blockchain game: rewards your bitcoins when you play games, Free Bitcoin: rewards you Bitcoins when you play games, among many other apps.

Investing in ICO, IEO & STO

ICOS

The downside of ICOs is that you have to research into the company because some companies use it as a pump and dump scheme. You may find that the project does not even exist. Some of the cryptocurrencies they offer cannot be used or exchanged on other platforms. Another downside of ICOs is that they do not have the governance of regulatory bodies; hence, it is a high-risk investment.

STOS

Unlike the ICO, STO is asset-backed and has to comply with the set rules. This is an advantage to investors as it is more secure. It also has a higher barrier to entry as compared to ICOs since there is a lot of compliance to be done. STOs offer a lower risk, as there are more transparency and accountability. More so, since real-world assets back up STOs, one can analyze and determine whether they are getting a good deal or not.

The downside of STOs is that they demand many regulations, which makes them more costly. The regulation processes such as KYC, exchange approvals, and tracking ownership increases the cost. There are also limitations on the number of people who can invest in STOs, which may lock out some investors.

IEO

The advantage of IEOs is that the exchange will do the screening of the company before listing it and therefore, as an investor, you do not have the burden to do that. Since the token is listed after the IEO, it becomes easier to trade it with other currencies, unlike in the case of ICOs. Since the crowd sale is done on the exchange platform, it is easier to trust it.

A disadvantage of the IEO is that it is limiting since it is not on many platforms. There is also a high minimum requirement for most platforms.

CONCLUDING

Schedule A Call With US Today

If you’ve booked your session above, we look forward to speaking to you soon!

Hopefully, you have enjoyed today’s article. Thanks for reading!

Have a fantastic day!

Live from the Platinum Crypto Trading Floor.