Hi. I don't know where to start to earn passive income from crypto?

Answer 1

Hi .Rolling on the floor laughingMany people reacted with emotion yesterday and lost money #Crypto

Crypto is a stressful world. 40% pullbacks are not uncommon, and experienced Traders have been through it before!

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Answer 2

The crypto market is highly volatile and a bit confusing especially for beginners. Just like in every other business, there exists risks and opportunities. Understanding the dynamics of the market enough to make consistent profit might take a long while and a great amount of concentration.

However, there are opportunities for making passive income even as a newbie:

• BTCOIN MINING: in dummy terms, refers to the process by which new btcoins are entered into circulation. It's performed using sophisticated software and hardware. Blocks of Btcoin are rewarded to computers that are able to solve complex mathematical problems. Needless to say, it's not a very viable option for newbies or small-scale investors as it involves high cost of purchase and maintenance of required hardware and software, electricity bills, plus technical know-how. However, there are platforms that offer cloud mining services where the average Joe can join in. These platforms offer membership to a community (often involves subscription) where mining rewards are shared amongst members.

•TRADING BOTS: these are computer programs that run on AI. They are programmed with predetermined trading strategies to execute automated buy and sell orders. For example, a simple trading bot could be programmed to sell Btcoin when it reaches a certain price. There are myriad of crypto bots out there, some free, others paid for. Trading bots can be very profitable if programmed and configured correctly, otherwise there's risk of loss. It is necessary to test run them to determine efficiency before purchasing. Like earlier stated there are quite a number of bots to choose from, depending on need and budget. A recommended platform that offers FREE trading bots is Pionex. Check them out.

•THIRD PARTY BROKERS: refers to an individual or company that offers portfolio management/investment services. They usually manage your crypto holdings and remit fixed periodical ROI in exchange for the commissions they charge. Admittedly, there's a disturbing number of scammers in the crypto space offering this service, never entrust your funds to any individual or company without doing proper homework and background checks. However, there are also legit third-party brokers that can help you rake in profit regularly, you just need to know where to look.

These are a few ways one can make passive income in the crypto market. Please note that this isn't financial advice, always conduct due verifications before commiting your money.

You can look at my bio for opportunities to get started.

Answer 3

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