Ways to Make Money with Cryptocurrency?

2. Be an Investor (Buy and Hodl)

The definition of HODL is slang in the crypto world for holding the cryptocurrency as opposed to selling it. Buying and HOLDING is the most common way to earn money from crypto. It involves buying digital coins and waiting until their value rises. After they rise in price, the owners sell them at a profit.

Bitcoin, Ethereum, Ripple, and Litecoin are the most used cryptos among buyers.

This method requires you to buy coins that could shift rapidly in value and generate quick profits. Bitcoin and Ethereum are two of the most volatile cryptos as they could maintain regular price fluctuations. Therefore, those two can be viewed as as safe investment options. However, you can invest in any of the coin that seems profitable to you. Before you invest in any coin, make sure the coin is registered on CMC (coinmarketcap) to reduce risk of buying fake coin like TBC (The Billion Coin)

Also, buying the most expensive coins isn’t what guarantees success. There are countless small altcoins with a decent price shift and a promising future. Thus, our advice is to explore your options before making any decision.

In the crypto world, coins are classified into three; Bitcoins, Altcoins and Shitcoins.

Bitcoin: The first ever crypto currency created using blockchain technology (Proof of work)
Altcoins: Any coin that is not Bitcoin is known as Alternative coin
Shitcoins: Coins that do not live up to what was promised by the founders.