Yes, it is true that we earn cryptocurrency here just for blogging and reading other people's blogs.
However, in the case of people who haven't been approved for authorship, or those who just don't want to be authors, earning substantial money from this platform could be difficult.
However, we do earn money here, whether it's big or small. But then, what's the best thing we could do with this money? What's the what way we can put it to use?
In this article, I will give you a few ways that I use to put my cryptocurrency to work. And these methods will be useful for all earning sizes, even if you have just one DAI.🌛
But before I go into the post, a word from the people who gave me money to try out these methods.
This post has been sponsored by Bitcoin Street.
Bitcoin Street is a learning platform based on Telegram, where subscribers are taught how to trade financial markets, are given signals on which alts to buy and when, and are taught technical analysis of bitcoin and altcoin markets. They also give very detailed educative posts and have one on one chats with subscribers. The service is also free!
Try them out here, and unsubscribe at any time if it's not your cup of tea. And thanks to them for sponsoring this post.
Ok, that's done. Now on to the methods with which you can use your earnings.
1. Learn to trade.
Many people put off learning how to trade cryptocurrencies, because they feel that it's a difficult thing to do, and they could lose ALL their money. Well, that isn't true.
You can only lose all your money if you trade with high leverages, and even then, if you use certain margin types, you still won't lose all your money.
However, learning to trade can cost you as much as $2000 if you go for paid courses. Paid groups cost almost $500 as well, and they don't teach you how to trade. They only give you calls, and that isn't useful in the long run. And if you try to learn on your own, you would make mistakes that can be avoided by just having someone to guide you. Luckily, we have today's sponsor that would do all that for free!
But why is trading so popular, and why is everyone doing it? Well, it's because trading is a legal way to take the other guys money. If you're smarter than the people you trade against, you can make significant sums of money simply out trading them. This method can be used for all cryptocurrencies earned on Publish0x, including DAI which has it's own pair.
You can save your BAT and DAI on compound. This method gives you interest for every cryptocurrency you save. It's like a bank, except that it's much more lucrative, as you earn a lot more money. Banks typically give 0.5 - 2% annual interest, which is ALWAYS eaten up by inflation, which means you eventually owe the bank a little money. However, with cryptocurrencies which are mostly inflation immune, you can earn up to 6% annual interest (with DAI) and 4% annual interest(with BAT). There are even some shitcoins that give you 20% annual interest, but those ones can be found here, not in this post.
3. Investing in ICOs and IEOs
This is a very dangerous business (because of the guys who run away with your investment), but when done properly, it can be very profitable. You simply buy a new cryptocurrency with either BTC or ETH, and you are given the equivalent of your BTC or ETH in the new cryptocurrency at it's launch price. When that cryptocurrency gets listed on am exchange, you can then sell it for higher than you bought, because they always run up to obscene prices when they're first launched.
It's a very quick way to get up to 10000% on your investment, and it's really easy when you have someone to guide you. You can check out how to do it here.
That's my list guys. Thanks for reading.