Crypto Accumulation - Some opportunities during the current low market (silver linings)

By Hoosie | Crypto accumulation strategy on a budget | 24 Jan 2022

I'm using a number of methods to accumulate crypto, as part of a low cost crypto accumulation strategy. I gave an update on my December earnings which listed all the methods I'm currently using. With crypto at low prices, I've looked back through the methods I'm using to see if any particularly suit the current situation. Heres what I've come up with:

- Mistplay - Android app - earn rewards for playing games - can convert the rewards for things like prepaid mastercards. It works, but its a pain to use their rewards to buy crypto (need to find somewhere that allows you to buy crypto with a prepaid mastercard). What suits the current climate is that in Mistplay, you earn your rewards in fiat, and with crypto prices so low your buying power has increased.

- Hive Blog - I've been blogging with Hive Blog, which pays out in both HIVE and HBD (Hive Backed Dollars). Depending on what you write and how you engage, the blog rewards can be quite high (hundreds of dollars). The price of HIVE is currently low, whereas HBD is pegged, so relatively speaking HBD is a good coin to earn just now, to then convert to another currency. Plus the exchange from HBD to HIVE is pretty good just now, so I'm planning to convert some of my already earned HBD into HIVE once they have come out of HIVE savings (takes 3 days - I've withdrawn 20% of my total HBD to convert to HIVE assuming I'll get some gain when the market rises again). I'll probably also convert any other HBD earned over the coming days into HIVE while the opportunity still exists. This is probably the best opportunity I've identified with these methods - but it is based on one fairly big assumption - that the market, and hence the value of HIVE will rise again.

- Young Step - Young Step is an android app when you can earn YNG for steps, crypto predictions and from quizzes based on crypto currency topics. You can then withdraw that to the Young Platform (invite code: JOHN-5300) for trading. YNG is only tradeable on the Young Platform, where they set a price for it. I've noticed that the price they have set for YNG has hardly gone down at all of late, so its buying power has effectively increased when using it to buy crypto that has taken a hammering in the market. The only problem is that you have to accumulate 45 YNG before you can withdraw it to the Young Platform, where you can trade if for something else. I'm close to the 45 YNG mark so should be able to take advantage of that in the next 5 to 10 days if the market does not recover before then.

- Crypto Sense - Is an android app where you get rewarded for watching videos. It withdraws straight to Coinbase which is great, but you have to do a lot to get earnings, however, I find I can do it at the same time as say watching TV without it breaking my concentration - so no problem. With crypto prices low, you are basically earning about twice as much from this app as you would have say 4-6 weeks ago, because it effectively converts from a fiat to a crypto value. However, the earnings are still low, but I've been using it to buy both ETH and BTC.

- PublishOx - Although many coins have taken a battering, AMPL and FARM have not done too bad compared to some others. Yes, they've taken a hit, but comparatively speaking there are doing well enough. So earning a few more of each and then converting to one of the harder hit cryptos is an option.

None of those listed above will make you a millionaire (gotta keep dreaming) but I thought it was worth looking into to see if there was something else I could do to take advantage of the current situation. Every cloud has a silver lining - good luck everyone !

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Other Links:

Rising Star - free play2earn crypto game - music and band based card game on the Hive Blockchain - its fun !

Rollercoin - earn free crypto playing games with this fun mining simulator game

Coinbase https://www.coinbase.com/join/JBVEN3 free crypto from their learn and earn function

KuCoin Online crypto trading - with lots of trading functionality, offers and trading bots

etoro https://etoro.tw/3cnyeJs online crypto and stock trading

Nexo https://nexo.io/ref/d23jpvszkx?src=web-link earn great interest rates on the crypto you hodl with Nexo

CAKE DEFI https://app.cakedefi.com/ Referral code 877089 - Free $5 crypto and ~35% APY staking

Cryptocurrency Money Crypto Markets Earn Crypto Earn Money

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Hoosie

ETF, mutual fund and crypto trader - trying to accumulate crypto coin from freebies with very little financial input. My main investments are made in mutual funds and ETFs on the Fidelity International investment platform.

Crypto accumulation strategy on a budget

I'm trying to accumulate cryptocurrency for long term gain, but with limited upfront investment. In fact, I'm trying to gain as much of it as I can for free. This blog describes my journey.