How Earn From Crypto (PT2)

TRADING

Unlike investing, trading is more of a short-term strategy where you are going to make profits in bursts. To do this, you have to own some kind of cryptocurrency, to begin with, and trade them on one of many platforms for another currency. Trading involves a bit more risk since the crypto market can be quite volatile.

The prices can increase and decrease in a matter of minutes, which is why this strategy requires you to have good technical and analytical skills. Because of that, we would say that this option is recommended for those with more experience with cryptocurrencies, while the investment is much safer for newcomers, especially if they are interested in more popular cryptocurrencies.

If you want to get ahead of the curve by being able to trade 24/7, you can also use a trading bot to do all the trading for you. Setting up a trading bot is of course not a walk in the park, but once you have it up and running when the AI gathers enough information about the chars and trading patterns, it can do the job as well as you can, if not better.

MINING

The term mining is something you have probably heard a hundred times already. Not only because it is by far the most popular method of making money through cryptocurrency, but also because due to its popularity, finding PC parts became rather difficult, thus you could have often heard about it on the news.

Mining a cryptocurrency is the option that has the least risk since you are generating the currency into your wallet via mining rigs. The only bigger risk is if you are going to keep the currency and mine more of it by the time it drops in price or not.

To become a highly profiting cryptocurrency miner, you do not have to put as much effort as you would into the other methods. However, you will have to invest some money into mining rigs, which are essentially PCs that will do nothing but run a program that mines the cryptocurrency, and of course, you might struggle to find the parts for those rigs as well.

If you are a risk chaser, mining can give you the biggest boom in profit if you jump to mine a cryptocurrency that is very easy to generate while it is also increasing in value over time. Be careful with this tactic, because while you will not essentially lose any more mining a cryptocurrency that might be worthless, you will still lose precious time that could be invested elsewhere.