10 Ways to Make Money in Crypto
This includes ways related to investing but NOT related to entrepreneurial opportunities, which wlil be a separate list.
Buy and sell coins/tokens you think are undervalued. e.g. I think ETH is undervalued. Over the next year 2022 will see the rollout of ETH 2.0 which will lower gas fees and increase scalability. Meanwhile, 9 out of the 10 top DeFi projects, with hundreds of millions of dollars in transactions every day, are powered by ETH, so supply will go down, demand will go up = price goes up
Buy and sell land in the Metaverse. You can go to Metaverse.properties to find real estate for sale. or google "Metaverse REIT" to find an investment that diversifies land across all metaverses.
Staking tokens. Some DeFi exchanges need liquidity (coins on hand that they can trade). So they will pay you to lend them (stake) your tokens so they have liquidity. I've seen ranges from 5% to 30% yields. Coinbase has a guide to staking: https://www.coinbase.com/learn/crypto-basics/what-is-staking
Pumping gas in the metaverse. Yes, virtual gas for virtual cars. Here's a guy doing it: https://www.laptopmag.com/features/whats-the-metaverse
Minting NFTS: think of NFTs not as digital art but providing access to something. Like "buy my NFT and you get some art from me plus membership in my Discord channel". Gary Vaynerchuk's NFTs were 10,255 doodles with some business advice on them AND (very important) also served as a ticket to his upcoming convention. If your NFT gets resold then the creator gets a royalty. An additional benefit of minting NFTs
Crypto Arbitrage: sometimes the same token, trading on different DeFi exchanges, will have different prices. There are arbitrage bots that can help track this. You can buy on the exchange with the lower price and sell a second later on the exchange with the higher price. Not sure how long this will be a viable strategy. Here's an article on it but worth googling more: https://rugdoc.io/education/defi-arbitrage/
Mining. Don't just mine bitcoin or ethereum. Start mining obscure altcoins. You never know what will be the next memecoin that will jump 10,000%. Here's a beginner's guide: https://captainaltcoin.com/what-altcoins-to-mine/
Buy small crypto stocks. Many people are still uncomfortable with crypto wallets or defi exchanges, etc. Buy microcap stocks that are linked to the rise of NFTs, Metaverse, Defi, Bitcoin, etc. Microstrategy, for instance, is a big company that has bought so much Bitcoin that the rise and fall of bitcoin is more important than their actual business. Here are some tiny stocks related to crypto although do research and see if these are good or find more. Ihttps://www.benzinga.com/money/best-blockchain-penny-stocks/
Drops and Forks. Ugh, ideas 8, 9, 10 are always hard for me. This is where the brain sweats a bit. Also, I'm limiting myself to things not related to entrepreneurship, which is going to be a separate list. I desperately want to put entrepreneurial ideas down but I am limiting myself in this idea list.GET INTO AN NFT DROP: I have one friend who gets first access to popular NFTs (in the "drop") and then flips some of them immediately to get his money back and then rides the rest. Here's an article on NFT Drops: https://cyberscrilla.com/what-is-an-nft-drop-nft-drops-explained/. Another way to get free tokens is when they do their form of a "Drop" with a "Fork". Here's an article on getting free tokens via forks: https://cryptocurrencyfacts.com/how-to-safely-claim-any-cryptocurrency-fork/
Stay tuned for "10 Entrepreneurial ideas" but for a final idea on this list: This barely avoids the "entrepreneurial" moniker but: doing crypto social media for a blockchain platform and getting rewarded in tokens. It's almost like mining ("Proof of Content"). Here are some crypto projects that reward content creation with tokens: https://www.gbnews.ch/how-to-make-money-from-blockchain-apps/
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