Think it’s hard to earn a cryptocurrency income? Don’t worry! I’ve found 7 simple rules that have provided me with a steady income for the past 3 years.
🌱1. The early bird catches the worm. Get involved in early projects first!
There are always rewards. There may be some incentives for you to choose from, such as:
• Random airdrop
• Get tokens for pre-launch
• Get NFT rewards
For example, just today zkSync gave away 10,000 NFTs to random active network users. Keep in mind that zkSync is still an emerging project.
🏔2. Follow the popular narrative
• Stories can be your goldmine because they capture the attention of the most people and can yield significant returns.
Remember that narratives can be high risk or relatively safe. Learn to differentiate, and allocate your funds wisely.
🪂3. Airdrops: Free lunches do exist
• There is no advanced knowledge here, it just requires your execution. I earned about $117,000 in $ARB.
Now, whether in the Chinese or English area, many hunters have clever strategies to participate in multiple projects at the same time by making small transactions at a time.
📉4. Buy low and sell high to catch the volatility
• After a severe market crash, markets typically recover 20-50% within hours or minutes.
This is a golden opportunity to grab a strong coin and sell it quickly for a profit. Research past crashes and invest an amount that matches your risk tolerance.
🐻5. Invest Smartly • Take advantage of overall market declines to accumulate assets for long-term holding.
These entry points are rare and occur only a few times a year.
💰6. Diversify your income sources
Having multiple sources of income is a smart way to invest. In a bad market, you must ensure stable cash flow income and be prepared.
🪙 7. Stablecoins: Your safe haven
• Stablecoins provide assurance for your future and bring a sense of security.
As part of my strategy, I always make sure to have at least 35% of my portfolio in stablecoins.