Yes, you are right. This is a guide to make lots of money, if you are serious, may work even if you are not. But, this is to be used as a guide, among others, along with some rationale. We love our readers. We like it when they make huge chunks of money with crypto ideas that are a hybrid of our efforts and yours. So, come on, are we doing this or what?
Buying and Holding
DUH! The best way and the most common one is to buy it, trade it and make a profit big enough to satisfy your god-gifted pride. It is always, always a good idea to invest or purchase a renown and already loved currency. A tried and tested one, will be easier to sell, probably improve in value, which will let it give you good results in the end of the journey.
Things you need to learn:
When to buy them, How long to hold, When to sell them. The timing is everything. Once you understand the basics of things, it will be great to trust that ginormous gut of yours. In the midst of volatile fiery financial ups and downs, your gut is to remain the most steady. We are hoping that you hold your own quite well in stressful conditions. This is a pre-requisite in such risky, shaky, daredevil endeavors.
Dividend Accumulation, Tap that!
Some crypto currencies reward you with a dividend on purchase and holding of a sum of money. This may be a pyramid ponzi scheme. It may be a limited time offer. It may cease to exist eventually. It may be hard to find such a currency. The dividend may be low. However, the external risk is the most minimal in this. Good for the faint-hearted ones. This is stake free after all.
Oh yessss! Fun! You can bet on the prices, make money without actually buying these sums. Its all fun and games here, the gains will be true. The only loss will be, that of buying the ticket to this lottery. This means, you can make money just by predicting which horse will win the race. Betting, but legal and more trendy. The price appreciates, you make a big reward plus you may get dividends.
A masternode is a cryptocurrency full node or computer wallet that keeps the full copy of the blockchain in real-time. It is always up and running to perform tasks. The networks pay the masternode owners for this. The income depends on the cryptocurrency of choice. But, most do offer this and it does generate a nominal sum good to be used via this method. However, the minimum amount to be able to run a masternode is usually in the range of 1000 to 25000 coins.
.. This is why we said nominal in the face of the money. There are obviously a whole lotta ways of earning. But, these are the most popular ones. Also, the least complicated ones. So, stay in touch and find out more about the cryptosphere. Until then, adios!