How Crypto Currency Really Works
Cryptocurrency is a form of payment that can be exchanged online for goods and services. The currency unit is called Coin or Token.
Cryptocurrencies work using a technology called blockchain.
Blockchain is a decentralized technology spread across many computers that manages and records transactions and the security of the technology is impenetrable, as such, all the money in it are 100% secure.
People make money from Crypto through a patient Trading and Investment Technique that pays off either on a short or long run.
These are the…
5 Ways You Can Make Money In Crypto
An airdrop is a distribution of a cryptocurrency token or coin, usually for FREE to plenty of Crypto Accounts by the owner of the Crypto currency.
The real question is… Why do they give this money for free?
This is why…
When new Crypto currency is about to get into the market and they need users, they use Airdrop as a way of gaining users so that others who didn’t get the Airdrop can trust them enough to buy their Coin or Token.
“See it as opening a zero account with a new bank and upon opening they gave you a little money into the account lets say 500 or more.”
As such, Airdrops are primarily implemented as a way of gaining attention and new followers, resulting in a larger user-base and a wider disbursement of coins.
To make money from Airdrop, all you have to do is to know when new coin is about launching and get their free coins as early as you can possibly get them.
Many expensive coin today started as an Airdrop…
- Binance BNB
- Doge Coin
- Ethereum etc… All started as an Airdrop!
Imagine getting 10 bitcoin for free as an airdrop?
Today, One (1) Bitcoin is valued at almost $40,000 US Dollars which means if you got 10 Bitcoin for free when it was an Airdrop, by now you would be worth about $400,000.
The same bit Binance coin which is now $600+ per coin.
The same with Ethereum which is now $3500+ per coin.
And the beauty of airdrop is that you can get them from as man Crypto currencies as you which without any restriction.
But one thing is that, there are many fake airdrop also and if you do not know how to identify a real one, you would just be wasting time and resources you do not have.
Meanwhile, if you can learn to identify real Airdrop, you will be on your way to becoming the next Multimillionaire in Crypto.
With Airdrop, you do not need to invest any money in Crypto, all you need is information and I will tell you how to get it well in advance in a short while but first let’s talk about the second way you can make money in Crypto which is…
This is how trading works. What you do is simply predict the movement of the Crypto market. It exactly like Forex trading.
When Airdrop gets into the market, they trade it against other currencies, if you understand Forex, you can trade crypto.
I have a friend who makes most of his daily earnings from trading crypto assets.
The only thing is that, this method is not for newbie. You need special training and high level of accuracy and the chance of losing money while trading is very high and irreversible.
As a newbie I would not advise it.
But if you think this is what you want, find a mentor who actually trade and makes money and learn him or her.
Another way you can make money from Crypto is through…
3. CURRENCY LOOPHOLE
This is simple and I know a guy who did N896,000+ with this within 30 days sometimes last year.
This is how it works…
You buy Crypto with your ATM Card at a cheap rate and you immediately sell it back to Dollar at the current dollar rate.
Where you make your money is in the difference between the value of the dollar when you bought the crypto and the value when you sell.
The value when you bought is determine by your bank and government while the sell value is the black market fixed price.
As long as your bank rate is lower than the black market price, you will make profit.
This rarely happen but when it does, people make plenty of money.
Its a loophole in the currency distribution by the banks.
But the issue now is that at the moment, this is no longer working because banks and government rate are now equal to the black market rates, in fact some banks are more expensive and some didn’t even have enough at all.
If you are in the right circle, when this hits again, you can always know and take advantage of it.
It is usually 100% guaranteed as no lose is expected.
5. PYRAMID / SMART CONTRACT
Stay away from this!
This is more like MLM, the only people that makes money with this are first set of people to register.
All other person under them donates to them.
But you who came last loses because you need to bring in more people to donate to you.
Don’t do it.
It will crash because it always does.
This can be done using any Crypto currency and the quicker you know the better for you.
Example of this is The Million Money (You can google it).