Before explaining how to make money with cryptocurrencies, let's briefly summarize what they are. At the end of the article we put the link to our more detailed explanation. Many still today, do not know exactly what they are: they are simply virtual coins, which are generated through software, generated by a process called extraction.
To date, there are more than 800 digital cryptocurrencies in circulation such as: Litecoin, Ripple, Ethereum, Freicoin and many others, which have not, however, found the same success as Bitcoin.
Among the most popular currencies we find Bitcoin valued at around € 27 billion, followed by Ripple valued at around € 13 billion and finally Ethereum valued at around € 7 billion.
But the question many people ask is: can you earn with cryptocurrencies?
Obviously yes. Just take a look at the market share to realize that all these digital currencies are constantly increasing.
These currencies are not associated with banks or credit institutions, they are in a free market not controlled by financial systems.
Trader method
The first way we have available to earn is to become a trader.
The trader figure requires a lot of perseverance and perseverance and a lot of study, as it will be necessary to make accurate market analyzes and identify the right partners to be able to obtain the best results.
However, the trader does not have specific skills like the miner and does not have huge capital as a holder.
Now we will talk about these two other figures that can be taken.
Miner method
The miner figure basically consists of generating or issuing money.
Unlike the two figures we mentioned earlier, the miner does not invest money on the cryptocurrency market or otherwise does not do it in a direct way.
All it does is to exploit its technical knowledge to find the cryptocurrencies on the net, but it assumes all the costs of the equipment and energy that feeds them.
The figure of the miner is not suitable for anyone, in fact many times it is cheaper to buy cryptocurrencies.
As we have already said, in fact, the miner uses only his technical skills, but does not have capital or specific knowledge of the cryptocurrency market.
Holder method
The figure of the holder consists in having large capital to be able to invest.
The strategy adopted is nothing more than buying these cryptocurrencies and keeping them, until after a few years find out that he could earn on it.
This type of strategy paid off well during the early stages of the rise in the market for these coins, especially at the end of 2017, but it did not help much when there were falls in 2018.
In fact, investing in cryptocurrencies can be both an insured gain and a loss.
Holding does not require great knowledge of the cryptocurrency market, but a certain amount of money must be available to be able to invest and block for medium or long periods.
The holders only have the capital to invest, but they do not have technical skills and knowledge based on market analysis.