How to Earn from Cryptocurrency as a Beginner in 2023?

By AX17 | figurehowtowrite | 19 Jul 2023

The question is more about how to avoid losing money as a beginner in cryptocurrency in 2023.

In 2023, this is a challenging question, and I'm grateful that I didn't start learning about cryptocurrencies now. However, this is not meant to discourage beginners, but rather to acknowledge the complexity of the current reality.

Today, starting out can be difficult due to the overwhelming number of platforms, information, and ways to get involved. So, how do you choose where to start? Based on my experience, the beginning might be filled with hopes, energy, and positivity, but in the long run, it can be tough.

In 2011, I began learning about blockchain through online trainings, driven by my passion for relational databases as a full-time data analyst. In 2014, I got involved in mining, as I was not initially willing to risk trading. However, I later started learning and trading more seriously in 2016. It took me more than 5 years of practice to gain confidence.

For those who are just starting now, my advice would be not to trade or invest more than you can afford to lose. Do your own research and be cautious. You will learn and discover what suits you best through your own experiences. Follow your instincts, but also ensure security and never trust sensitive information or data with strangers.

As a beginner, there are simpler ways to get involved, such as:

Buying and holding BTC for the long run.
Joining online projects and participating in communities to find airdrops or earning opportunities.
Utilizing resources from learning academies like Binance, which offer good training materials.
Engaging in discussions and announcements on the Bitcointalk forum.

Identify what aspects of these technologies interest you and align with your skills or talents.

If you want to try trading, start with a small amount and never invest money needed for daily expenses. For example, I started with a small amount obtained from participating in over 100 airdrops over six months, which amounted to 35 USDT. Although it was free money, I worked for it by completing airdrops.

Avoid bringing in money from your salary for trading; it can be risky. Never join pump and dump groups as they are unethical and can lead to financial losses. Furthermore, never borrow money for trading; start with what you already have. Patience and experience are key in this field.

Well, that were my opinions and looking forward to hear your own.

All the best

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