What are the ways to make money in the cryptocurrency circle? I have summarized the following eight ways.
1. Trading (cryptocurrency speculation)
In the cryptocurrency circle, I prefer to call "cryptocurrency speculation" "trading", which is a behavior of playing games with the market. To win in this game, technical methods are crucial. For novices, it is recommended to start with spot trading and gradually become familiar with the market.
2. Exchange arbitrage (IEO)
Exchange arbitrage, also known as new issuance, is a low-risk arbitrage behavior. By staking existing currencies, participate in the new currency issuance activities of the exchange and obtain new currency rewards. At present, exchanges such as Binance and Huobi have a high frequency of new issuance, but you need to pay attention to nationality restrictions.
3. Hoarding value coins
Hoarding coins may seem simple, but it actually tests your vision and patience. It is crucial to choose targets that can stand the test of time. For example, Bitcoin has become a representative of value investment after more than 10 years of market testing.
4. Airdrop
Airdrop was once a way to obtain lucrative returns, but as the number of participants increased, competition intensified. It is recommended to participate with the thinking of product experience and look at the benefits rationally.
5. DeFi mining
DeFi mining obtains rewards by providing liquidity to the platform. Choose a reliable platform to obtain stable annualized returns. When investing in large amounts, it is recommended to choose a DeFi platform on the Ethereum chain.
6. Physical mining machine mining
Physical mining machine mining is restricted in China. It is recommended to find a reliable mining company with overseas hosting. Be cautious when purchasing mining machines to avoid buying at high prices, which will lead to a long payback period.
7. GameFi gold farming
GameFi is a field that emerged in the second half of 2021, but it is still in a chaotic period and its model is similar to a capital disk. It is not recommended for novices to invest large funds.
8. Participate in the primary market
We mentioned the arbitrage opportunities of exchanges earlier, but the primary market is also full of opportunities. Get more value-added opportunities by participating in early investments in high-quality projects.
