Can you become wealthy by doing airdrops? It depends, becoming rich is not easy but also not impossible. There are a few things you need to take into consideration:
- Timing the market is very important, trade the sentiment. You have to view it from an investors perspective. When everybody has become scared you have to acquire more cryptocurrency and when others call the moon then sell it to them. Now that nobody is interested in ico's anymore i actually do want them! Emotions are your worst enemy when investing.
- Be selective in the ico's you pick. Most ico's are shitcoins. Look for coins that have a competitive advantage. When you don't know what that is read this article: https://steemit.com/business/@niel96/pknk8cmqq
- Usually airdrops don't pay that much, it's only small money. Most people that made a lot of money with them got extra commissions by sharing the affiliate link. Affiliate marketing and bounty hunting is more lucrative than airdrops. So it's better to focus on that instead of airdrops. Read this post when you want to know more about bounty hunting: https://steemit.com/money/@niel96/fkq5tfkfq