Cryptocurrencies test the orthodoxy of how a currency works in ways that inspire some and annoy others. Unlike other currencies, all cryptocurrencies are completely digital. No cryptocurrency issues money or mints coins. 

Everything is achieved online. Orthodox forms of currency are generated by the government and then distributed in the economy, through banks.

How To Make Money With Cryptocurrency?

1. Trading: The simplest way

Day-trading is the most certain way to lose money unless you’re trading huge amounts with the help of a large amount of data and statistics that trading organizations have. Of course, expertise and time count a lot accompanying with a lot of time on your hand. 

If you’re an employed person with a job, you could lose a few thousand before you get out of a conference. When the time arrives, sell off your Bitcoin and fill your pocket with money. 

Buy Low, Sell High method:

1. When everybody sells their cryptocurrency and the price goes down making everyone think that this is the end of the crypto world, then YOU must BUY.

2. Never assume to hit the bottom to buy or the top to sell. If it would possible, then you would be a prophet, and you already knew that you can make money with cryptocurrencies.

3. When you are ready to buy or sell don’t do it once for all the money you have to invest (or the crypto to sell). Best practice is to split the process into three steps. So if there are movements in the price, you split the risk for not buying on the bottom price, or not sell on the top price.

4. Make your research, read a lot, and understand the purpose of each coin you will invest in.

5. Never invest more than you can afford to lose otherwise, you'll get in panic mode when the price will go in the opposite direction, and you will not evaluate clearly.

6. Be careful, there are a lot of scams out there and fake coins. With altcoins with small capitalization, you can indeed expect an x20 gain but the risks are more.

7. Never invest all your money in just one coin.

8. Hear all the opinions but listen to your own. When you have welcomed your conclusion, don’t switch it every single day. If you do it you haven’t taken any real decision. You will mesh things in a bad way.

9. Never be selfish. You must make the round a lot of times ( buy low sell high). Or you can become a long-time investor. Buy it low and wait for some years. 

10. If you want to take the instantaneous way, use leverage when you trade but have it in mind that you can lose every single dollar you have funded.

11. Trading is gambling of the value. There are no experts who are always right about gambling.

Understand the market trends.

2. Mining using your PC

Mining is a crucial component of the Proof of Work agreement mechanism and is one of the most traditional ways of making money with cryptocurrency. It is the method of confirming transactions and safeguarding a PoW network. 

Miners are compensated with new coins, by block rewards, for executing these purposes. In the initial days of Bitcoin, mining could be performed using a desktop computer but now, it demands specialized mining hardware to do the same. 

Although you can mine cryptocurrency using a powerful and high-end gaming PC as well as if you can afford to keep your PC run throughout the day.

Desktop mining is rather more useful than laptop mining. You should keep in the subconscious that your mining rig will be operating 24/7. 

Back in the age, mining could be easily done using even a simple phone or laptop, but now, even a high-end GPU cannot make a sufficient profit on its own. It has to be compared with more than 2 high-end GPU if you want to make more money, which would be enough to outcome your electricity bill. 

The time taken by a modest home PC to mine a Bitcoin is comparable to a whole generation of yours, even Antminer takes roughly 4 years to dig a single Bitcoin. 

The legal to mine cryptocurrency depends entirely on your geographical region. It would take about 80 days to mine one Ether. 

Mining is far less valuable than the real trading of cryptocurrency because the amount of money an individual can make through mining depends on numerous factors such as:

• Price of the elements in the rig for mining. 
• Stuff present inside the rig. 
• Power supply. 

On the title of maintaining a network, running a master node can also be profitable enough. You can simply mine few crypto coins and convert them into real cash or money. 

3. Investing; Requires more time

Investing is different from trading. Investing is rather for long-term goals whereas trading refers to short-term goals. People who lack trading skills usually go for this method. They simply put their money, wait for some years and sell them off. In return, they either get a fat wallet of money, or they lose all of their money they invested.