OUTLINE for Risk-Free Way I Learned About Crypto & How to Trade/Buy/Sell In the Market (while also making free money)

OUTLINE for Risk-Free Way I Learned About Crypto & How to Trade/Buy/Sell In the Market (while also making free money)


****(This is just my rough outline to help me put my ideas/info. together to write a more in depth paper in future)****

 

Risk-Free Way I Learned About Crypto & How to Trade/Buy/Sell In the Market

(while also making a little extra cash in the process)

I. No Risk Learning Opportunity & Free Money

A. Risk-Free Way to Learn & Start Out In New Crypto Ecosystem/Economy

  • Learning-Curve for newbies through trial & error until figure-out/understand how crypto & the market work
  1. As a newbie, will most likely make a few mistakes/bad decisions in beginning until able to catch-on & figure out what earnings strategy works best for you
  2. I made a few mistakes/bad decisions myself in beginning & lost money during learning curve trying to familiarize myself to crypto & its Do’s/Don’ts

====Not checking my wallet address entered to send crypto, I lost a few 100 DOGE sending the transaction to the wrong wallet & forever lost everything I sent

====Traded crypto in down-trend for crypto that was in bull run/ATH & then lost about half when the correction/down-trend happened because of FOMO & ignorance

  1. Easy/Free Money for Doing Simple Tasks
  • Rolling faucet
  1. Completing Captcha (simply clicking a button)
  • Viewing PTC ads
  1. Viewing web-page ads for 10-60sec.
  • Watching 60sec. videos
  • Completing other offers/tasks
  1. Taking surveys
  2. Downloading Apps.
  3. Playing Games/Gambling
  4. Other random promotions/tasks offered

II. Taught Me About Crypto & All the Different Altcoins

A. Learned How to Research Diff. Cryptos Online

  • Articles from reputable sites I’ve found the most accurate/useful
  1. This is the most time consuming way but ultimately the best to educate yourself with
  2. Read multiple articles on your topic from different sites & then compare the info. from each
  • YouTube videos I’ve found the least helpful
  1. Most were extremely bias or false, & just trying to get you to invest in whatever coin they are trying to make money off of
  • Reddit is ok, about half the info. on there if not more is inaccurate/false or people just trying to make money by getting others to invest in their coin
  1. So use at your own risk w/ caution

B. Taught Me the Diff. Types of Altcoins Available & their Uses

  • Such As:
  1. Centralized v.s. Decentralized crypto
  2. Meme coins
  3. Certain coins are made for specific tasks, such as:

====BTC = digital gold standard

====ETH, SOL = platforms to build other crypto projects upon

====BCH, DOGE, XLM = digital dollar

====AMP, AAVE, UNI = assist w/ financial services

====FIL, GRT = file sharing services

====DENT, MANA = other/random crypto projects

C. Helped Me Get Use to Cryptos Extreme Volatility & What to Expect

  • Now have better understanding of how market fluctuates making me much less concerned/anxious/nervous during crypto bear markets & keeps me from panicking during corrections

III. Taught Me How to Trade/Exchange Different Cryptos

  1. Taught me how to hold/invest in certain coins when doing poorly/down
  2. Taught me NOT to buy coins during bull-market because of FOMO, & instead to trade coins at ATH doing well for others that are doing poorly/down
  3. Helped me understand which coins are popular & which to stay away from

IV. How Much You’re Able to Make Using Faucets Depends on A Variety of Different Factors

A. Wide Variety of Factors/Strategy Used Determines Your Profits & Differs for Everyone, these Include:

  • How active on the site you are
  • Which ways you decide to earn crypto
  • How you go about trading your crypto
  • Sometimes it all comes down to just pure luck

B. I only did the bare minimum on the site (rolling faucet/PTC ads/videos/1 occasional offer wall task) about 1wk. out of every month & made around $40 for the yr.

  • People who do surveys & offer wall tasks can earn that in just a week or month though
  • I also made a few mistakes/bad decisions along the way while learning through trial-n-error or I would have made more
  1. Sent crypto to wrong address
  2. Bad trades

V. Best Strategy for How I was Earning Crypto to Make the Most Profits:

A. Remember this Is Free Money, So Don’t Expect to Become Rich By Using Faucets, Be Practical

  • Yes you only earn small amts. of money for each claim you make, but at the end of the yr. your earnings can add up ($50 worth of a certain coin this yr. could have the potential of making 500% profits or more the following yr.)
  1. So not only do your earning add up, but they can also be multiplied if you made the right decisions/backed the right coin or are just lucky

B. Hold, Don’t Trade

  • In beginning it’s extremely tempting to exchange coins because they are all new to you, because I almost always took a loss when I did this (especially in the beginning)
  1. Let coin accumulate until it enters a bull-market, then exchange it for another that’s bear
  • Let coin accumulate until it enters a bull-market, then exchange it for another that’s bear

     2. Best to hold coins w/ projects you believe in & see a use for, they will most likely survive the longest & make best profits or be less volatile

C. When Do Trade, Exchange Coin In Bull Market/Doing Well, for One You’re Interested In that’s Doing Poorly

  • Trade coins that have projects you aren’t interested in & don’t see a use for, when they are in a bull-market & rocketing
  1. Trade when coin is UP by 5% or more

====Exchange for a coin in bear-market/correction that’s DOWN by 5% or more that you’re interested in

VI. Legit Faucets I’ve Found & How they Work

     1A) Cointiply

  • Multiple BTC & Altcoin faucet
  • Earn in terms of cash (USD) & then cash out for desired crypto
  1. Since earn in USD the way I’ve earned the most is by waiting for my desired crypto to enter bear-market, to get the most for your money

==== http://cointiply.com/r/vjXB6

     1B) ES-Faucet

  • Multiple BTC & Altcoin faucet
  • Can claim each coin offered on site once every hr.
  1. I’ve earned the most by trading coins I didn’t want when bull, for coins I wanted that were bear

==== https://es.btcnewz.com/auth/register?ref=c1ac5c694db0baf9c7b8

     1C) PublishOx

  • FARM & AMPL faucet
  • Earn coins by viewing post/articles on the site OR by creating/posting own article that others tip you for
  1. I’ve profited the most from this site by creating my own articles about things others are interested in

==== https://www.publish0x.com?a=N1aMMyOaWm

     1D) AllCoins

  • Multiple BTC & Altcoin faucet
  • Can claim 1 coin every 6min. on site
  1. I’ve earned the most by trading coins I didn’t want when bull, for coins I wanted that were bear

==== https://allcoins.pw/?ref=351380

     2A. Xcolander

  • Multiple BTC & Altcoin faucet
  • Can claim 1 coin every 15min. on site
  1. Only rolled faucet to earn

==== https://xcolander.com/faucets?ref=59528

     2B. BTC Clicks

  • BTC only faucet
  • View 30sec.-2min. PTC ads to earn BTC

==== https://btcclicks.com/?r=0b768812

     2C. Doge-Bits

  • DOGE only faucet
  • Can roll faucet once every 15min. to earn DOGE

==== https://doge-bitsfree.net/?ref=31979

     2D. Free-Litecoin

  • LTC only faucet
  • Can roll faucet once every hr. to earn LTC

==== https://free-litecoin.com/login?referer=790907

     3A. RandomSatoshi

  • Multiple BTC & Altcoins faucet
  • Collect daily bonus/do other offers to earn “Bits” that you then use to mine the crypto you desire
  • Earn in terms of cash (USD) when claim coin, which then cash out for desired crypto
  1. Earn the most by waiting until coin wanting to withdraw is in bear-market to get the most for your money
  2. I’ve probably made the least from this site, but then again I only did the once daily claim, may have better luck earning with this site using a diff. strategy than me

==== https://randomsatoshi.win/autofaucet/?r=58275

 

****(This is just my rough outline to help me put my ideas/info. together to write a more in depth paper in future)****

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SunkTump1001
SunkTump1001

I’m awesome! I’m also new to the cryptocurrency world and am trying to learn how everything works.


Crypto & My Experience with Crypto
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