How to make money with cryptocurrency in 2023, Money can be earned from cryptocurrency, but before earning money from crypto it is necessary to understand it. Recently, there has been a lot of decline in the cryptocurrency market. Many people’s money has also sunk. Those who had invested their money in the crypto currency market without thinking.
Crypto currency is a digital asset. Which is used in digital or virtual form and cryptography is used for the security of transactions. Cryptocurrencies use a decentralized system to track transactions and create new entities instead of a central body to issue or regulate them. These digital assets are exchanged in the form of Rupees, Dollar, Euro and many other currencies in the financial market on various cryptocurrency exchanges such as Binance, Coin DCX, CoinSwitch Kuber and many more platforms. Today we will talk about how to make money with cryptocurrency in 2023.
Investing in cryptocurrencies
Invest in high Potential Crypto Pre-sales like Dash 2 Trade for long term to take huge profit. Be an early mover, you will get a lot of advantages. You can also invest in best “altcoins”. As early you invest, more profit you will get.
Before investing in any crypto or mem coin or altcoin, you have to check the use cases.
You can create diverse portfolio of your total investment. So that the returns of a crypto portfolio could be extremely high. Also, you can buy on dip so that your average value will be low and will have high returns.
At present scenario, almost all crypto currencies are down by more than 50%. And it is right time to start investing.
| Investing in Bitcoin since 2014 |
| Year | Investing Amount | High | Low | Average Value | Units of Bitcoin |
| 2014 | $10,000 | $457 | $289 | $373 | 26.8096 |
| 2015 | $10,000 | $495 | $171 | $333 | 30.0300 |
| 2016 | $10,000 | $979 | $355 | $667 | 14.9925 |
| 2017 | $10,000 | $20,000 | $756 | $10,378 | 0.9635 |
| 2018 | $10,000 | $17,700 | $3,200 | $10,450 | 0.9569 |
| 2019 | $10,000 | $13,800 | $3,408 | $8,604 | 1.1622 |
| 2020 | $10,000 | $29,300 | $4,100 | $16,700 | 0.5988 |
| 2021 | $10,000 | $68,800 | $28,730 | $48,765 | 0.2050 |
| 2022 | $10,000 | $48,000 | $15,688 | $31,844 | 0.3140 |
| Total Investment | Total Units Of Bitcoin | Total Portfolio Amount | Returns (%) | Profit |
| $90,000 | 76.0325 | $ 1,369,855.07 | 1,422.06 % | $ 1,279,855.07 |
It is the example of investing in bitcoin, there is huge profit of 1,422 % in just 9 years. In last quarter of year 2021, the bitcoin is at its all time high at $68,800 and at that time your returns were more than 5,800%.
Also if you want know the price prediction of bitcoin then read it.
Conclusion – Investing in well established currencies for long term is game changer for your wealth.
Note: If You want to invest without wasting any time then open your account on Binance and start investing.
Steps:
- Step 1 : Click on the given link (it will redirect to Binance website). https://accounts.binance.com/en/register?ref=HRI2HNQ2
- Step 2 : Fill the desired boxes.
- Step 3 : Complete your KYC.
- Step 4 : Add funds from your bank account.
- Step 5 : You are now good to go to buy Bitcoins or any other crypto currencies.
Referral ID – HRI2HNQ2
NOTE : If you use our referral link or ID for account opening in Binance, then you will get 10% commission on your every trade.
Trading in cryptocurrencies
If you want to make money daily by crypto then trading is good option for you. You can take advantages of volatility of this market.
But in order to book profit in day trading, it is very necessary to learn technical analysis. To make a profit with cryptocurrency day trading, the concept is to make small returns but on a frequent basis.
Use of chart patterns, candlesticks and indicators (like MACD, RSI, EMA & Volume etc.) makes a smooth way to earn profit by day trading. Some crypto brokers provides leverage of 25X, 50X, 100X, 500X even 1,000X on the trading money. That means, a person can take trade more than 25 times or 1,000 times on his/her trading money.
While trading, a person can either take short or long position, depending on your prediction by technical analysis. If price will go up, then take long position and if price will go down, then take short position.
Staking cryptocurrencies
It is one of the best method to earn money by interest on your invested cryptocurrencies. Staking is a way that help investors to generate interest on crypto assets that would otherwise sit idle in a wallet.
Staking can be done for 30 days, 60 days, 90 days, 120 days, these time period depends on different crypto brokers.
You can also choose to lend coins to other investors and generate interest on that loan.
Mining cryptocurrencies
Cryptocurrency mining is a process of creating new digital “coins” after complex puzzles and by validating cryptocurrency transactions on a blockchain network.
After solving complex puzzles, a miner got some rewards in cryptocurrencies. And it is one of good source of income.
Mining of PI coin is good option in present scenario, because PI can mined on smartphones and it is environment friendly. Mining of Pi does not requires too much electricity. The Pi network application is used to mine Pi, and the mining procedure needs application users to click on Mine button on their phone in every 24 hours.
To know more about PI COIN PRICE PREDICTION click here.
You also can join this revolution by clicking this link : Click Here
Follow this link https://minepi.com/itsmekshitijkr and use my username (itsmekshitijkr) as your invitation code.
(After using my invitation link or code you will get 1 pi as a reward)
Crypto Airdrops
Sometime free crypto tokens are distributed to spread awareness. Crypto airdrop is a marketing strategy that involves sending crypto coins to some wallet addresses.
A crypto airdrop is a special movement normally performed by blockchain-based new companies to assist with bootstrapping a virtual cash project. Its point is to spread awareness about the crypto project and to get more individuals trading it when it records on a exchange as an initial coin offering (ICO).
Some are legitimate, other airdrops have been seen as fraudulent when attempting to steal wallet or personal information.
Play games to earn crypto
Play-to-earn games reward participants with digital cash or non-fungible tokens. In recent years, these blockchain-backed games — also known as P2E — have gone mainstream, becoming a core component of nearly every metaverse out there, with each platform boasting its own form of cryptocurrency to pay online gamers for their time commitment.
Play-To-Earn-Games
- Axie Infinity: Trade and battle war with Ethereum minted NFTs, with lots of customization options.
- Decentraland: Virtual reality, 3D world-building, MANA currency in Ethereum wallet.
- Alien Worlds: Sci-fi adventure game. Capture NFT alien species to mine or find items.
- Zed Run: Horse racing game using NFT horses, using the zed token on Polygon and Ethereum blockchains.
- The Sandbox: Blockchain-based. Uses SAND to build houses and travel on quests.
- Gods Unchained: Blockchain-based NFT card collecting game, where each “god” has a unique ability and players can battle one another.
- Blankos Block Party: Mini-game-style party platform. Users earn blankos — NFTs that offer a boost to in-game abilities.
- Crypto Blades: RPG on Binance Smart Chain. In-game currency, SKILL, used to buy and forge weapons, characters. Winning battles earn more SKILL.
- Star Atlas: Explore space with this astronomy game. NFT-trading for stars, planets and more. ATLAS and POLIS tokens.
- My DeFi Pet: Raise a virtual pet with in-game currency, DPET.
Conclusion:
In summary, there are many ways to make money with cryptocurrency in2023. While some methods are suitable for passive income, others focus on long-term appreciation.
Also, there are some risks always available in crypto market. So be careful!!