How To Make Money With Crypto-Currencies?

 Money and Cryptocurrency: How to make money with crypto-currencies is a question we are asked often, so we decided to write a complete article that takes into account all methods to earn money with crypto-currencies. Hereunder, you will find compelling nuggets of potential ways that one can make money through the cryptocurrency novel technology.

Become A Miner With Mining Equipment

So, what is mining? Mining is about making your computer available to the network to verify transactions. This helps secure the network.

Mining to win crypto-currencies can be done either by CPU or by GPU. GPU and CPU are two types of processors, the CPU being the central processor of the computer and the GPU one of the graphics cards.

How To Make Money With Cryptocurrencies

• Miner with the material of others: To put it simply, you do what is known as cloud mining. You will rent computing power, which is to rent mining capacity, at a provider and in return you will receive your cryptocurrencies. For this type of mining, you will need to carefully read the contract to determine if the conditions are right for you.

• Spot The Future Nuggets: Another way to make money is to find the cryptocurrency that has interesting features, or very different from others. Not so long ago, Bitcoin dominated the market, and very few people were interested in other currencies.

• Make money with different airdrop: An airdrop of cryptocurrencies is the free distribution of these. For example, Basic Attention Token had already performed an airdrop a short time ago. To do this, simply install your browser Brave and use it regularly.

• Find good "Initial Coin Offering" or ICO: Initial Coin Offering or ICO is used to raise funds to create or develop a cryptocurrency. To easily navigate to the conducive ICO in a sea of existing ones you have to subscribe to the best Bitmex signals on Telegram. Thus when companies seek to invest in a project, it will be enough to exchange any other tokens against the cryptocurrency of the ICO. This will allow you to have tokens proportional to your investment.

The idea is that when people understand the underlying technology and the interest of this cryptocurrency, then prices may be able to explode or at least offer a good return to investors with sustained growth.


Know How To Trade Cryptocurrencies

More and more financial institutions are trading on cryptocurrencies because they have become financial assets. This is not my specialty, but there are very clearly times when you have to go in or out of a position. What is serious about these two statements is that we cannot know the future!

The only good way to invest in my opinion is to realize that all cryptocurrencies will not explode, but only a minority will still be there in the next few years.

In short, all this to say that it is useless to invest on any cryptocurrencies but we must focus on the 20% that will produce 80% of performance.

My approach is this – to concentrate on the major cryptocurrencies, combined with an approach that I myself have used, is that of the "longtermist" approach.

This is a simple and basic way to invest in major cryptocurrencies – a small amount of money over the long term. Of course, it is necessary and imperative to be interested in this cryptocurrency, know the teams, read and understand the "White Paper" and of course be convinced to have a nugget in the hands to keep it against wind and tide!

Indeed, this type of approach supposes to believe enough to buy in periods of decline and sell in periods of rising, without panic, even if the decline is very important.

Knowing How To Play With Taxation

When you buy and sell cryptocurrencies, you have to ask yourself the following question: How much did I earn?

The declaration of capital gains in cryptocurrencies therefore only works on realized capital gains AND repatriated to a bank account. According to my opinion and my different research,  if you keep cryptocurrencies but you do not sell them for stoning dollars, and this appreciation is not materialized in your bank account, you are not liable for any taxes!

 

 

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