How Profitable Are Cryptocurrencies?

Discussion in 'Off-Topic Discussion' started by Purple_Star, Apr 12, 2018.

  1. Purple_Star

    Purple_Star Junior Member

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    Anyone tried to earn money with them?
     
  2. Xymox

    Xymox Junior Member

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    It's an interesting way of earning money however your profit can vary greatly in case of them. Profit from cryptocurrencies is based mostly on changes of their prices and that happens often and unpredictably so for example every month you can get various money, sometimes even almost nothing. In this case they remind gambling but cryptocurrencies definetely don't belong to scam :) There are many strategies for making money from them like affiliate marketing, faucets, lending and so on, however the most popular and profitable are buying & trading and mining. Both of them have their pros and cons, also in case of long-perspective investing mining is considered as better one. Cloud mining as an upgrade of the second one is very popular too because in its case there's no need for costs in order to build your own unit but it's ok only if you sign up with a really safe company like Hashing 24, Hashflare hashflarecode.com , Eobot, Genesis Mining and so on. In case of many other companies it's usually a simple scam.Also your profit will be connected with the certain type of them in which you decide to invest. From me own experience I can say that I usually earned smth like a thousand of dollars per month.
     
    Last edited: Apr 15, 2018
  3. Jefferymoore

    Jefferymoore Junior Member

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    if you are lucky enough and you have learnt the way of trading you can double your money in a week. or less. Say if you invested $5000 and you need just 10% return a day on any coin. That means everyday you can have $500 in your pocket and which you can redeem and choose your coin for next day.

    It's not certain but this way you will have less loss and more profits.
     
  4. magneto88

    magneto88 Member

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    They are very profitable but you need to know what you're doing. That said, if everyone is talking about it, the gold rush is probably over. It's like when someone mentions free music concert tickets to Beyonce on the radio . . .

    You know damn well they are already gone :(
     
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