Many thanks to those who read and those who commented on my first post! In my first blog post I wrote about how I’m new to crypto but not new to investing, as I have been investing in the stock market for many years. One of the first rules of investing is never use money that you can’t afford to lose, or consider the money that is used to invest with as gone. That way if you do lose, it doesn’t hurt as bad, and if you have spectacular gains, it’s even sweeter. I think this is doubly true when it comes to buying and investing in crypto. Right now I’m only using “play” money, so that hopefully the wife doesn’t miss it. So because of this mindset, I’m looking into all the different ways that you can get coins without buying them outright.
I got Coinbase and earned several different coins just by watching short clips and learning how they work. I have one coin earning 6% interest just by holding it, and I’m on the staking waiting list for ethereum 2.0. This site is another way to earn crypto. I have an app that tracks your steps and pays you in satoshis. I have the nano app where you can find nano spots around town. I’ve tried several different faucets, but it seems like it would take forever to get just one coin of anything because the payouts are so small. I’m trying out womplay but I’m not sure how I feel about it yet. I’m mining for dogecoin on an old laptop, but it’s really slow and it will take weeks just to get 1 coin. I’m thinking of trying to convince the wife to let me buy a new laptop for mining, but we’ll see how that goes.
I’ve checked a lot of boxes on the been there done that list and I’m quickly realizing there’s a ton of stuff to do to try to earn crypto! I feel like it’s the wild wild west in crypto still. But the other problem i see is how do you keep from having 100 different wallets for 500 different coins? What are some of your favorite strategies when it comes to earning? If anyone wants to share in the comments, let me know the good, the bad, and the ugly of ways to earn crypto. Thanks for reading!