How do you get rich off crypto?

10 Ways to Get Rich off Crypto Investing in Presales - Buy Newly Launched Crypto Tokens at Presale Prices. Day Trading - Buy and Sell Crypto Throughout the Day to Make Regular Gains. HODLing - Invest in Crypto and Hold on a Long-Term Basis. Staking and Interest - Earn Passive Income on Idle Crypto Holdings. More items... •

cryptonews.com - How to Get Rich off Crypto in 2022 - Top Method Revealed

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How to Get Rich off Crypto in 2022 - Top Methods Revealed

Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com. While there are never any guarantees in the fast-paced world of crypto, many investors have made unprecedented gains in recent years. The purpose of this beginner's guide is to explore how to get rich off crypto through a range of proven strategies and tactics.

10 Ways to Get Rich off Crypto

When exploring how to get rich off crypto, the 10 methods listed below offer a number of different ways to make money in this space: Investing in Presales - Buy Newly Launched Crypto Tokens at Presale Prices Day Trading - Buy and Sell Crypto Throughout the Day to Make Regular Gains HODLing - Invest in Crypto and Hold on a Long-Term Basis Staking and Interest - Earn Passive Income on Idle Crypto Holdings Play-to-Earn Crypto Games - Earn Crypto Rewards by Playing Blockchain Games Crypto Yield Farming & Lending - Generate Income by Loaning Crypto Tokens Faucets - Complete Basic Tasks to Earn Free Crypto Tokens Airdrops - Receive Crypto Tokens on a Fee-Free Basis DAOs - Join a DAO and Help Make Important Project Decisions Mining - Earn Crypto Rewards via Cloud Mining Platforms

Invest in the best crypto presale now

As is evident from the above list, exploring how to get rich with cryptocurrency may require a variety of different methods and strategies - all of which we discuss in the following sections of this guide.

A Closer Look at the Best Ways to Get Rich off Cryptocurrency

When learning how to get rich off crypto, it is important to understand the many different methods investors make money with cryptocurrency in 2022. It is also crucial to have a firm grasp of the underlying risks associated with each strategy. After all, it is not possible to get rich with crypto without taking an inherent level of risk. To find out more about how to get rich off crypto - read on. 1. Investing in Presales - Buy Newly Launched Crypto Tokens at Presale Prices When compiling this guide on how to get rich off crypto, we found that presales offer the overall best method to achieve this goal. For those unaware, presales - or ICOs, are offered to the public by newly launched blockchain projects. Each project will create its own native crypto asset that will then be sold to early investors. Investors are motivated to gain exposure to the respective presale for many reasons. First and foremost, this offers an opportunity to invest in a brand-new cryptocurrency while it is still in its infancy. In turn, this means that discounted prices are offered to those that invest early.

Second, many crypto presales come with staggered pricing.

This means that after each tranche of crypto tokens is sold, the price gradually increases. Once again, this is an incentive for investors to get in as early as possible. Third, and perhaps most importantly, after the crypto presale has sold its allocation, the tokens will then be listed on an exchange. This is often the moment that the token takes off and enjoys a huge upside. It does, however, go without saying that finding the best crypto presales is the challenging part. Not to mention finding a crypto that will make you rich.

This requires comprehensive research from the investor - such as reading the whitepaper and exploring the credentials and previous achievements of the respective team. But this raises the question which crypto will make you rich?

To help clear the mist, we will now discuss three of the best ICOs that are not only ongoing right now - but could ultimately represent cryptos with the most upside potential. Dash 2 Trade - Overall Best Crypto Presale to Invest in Right Now The Dash 2 Trade presale is proving super popular, with more than $5.7 million raised in just three weeks. We like the underlying product being built by Dash 2 Trade - which is a crypto analytics dashboard. Think along the lines of the Bloomberg terminal - but instead of stocks and bonds - crypto assets. Dash 2 Trade is offering its D2T tokens at presale prices right now. The token will be required to pay for a monthly subscription to the Dash 2 Trade dashboard, which offers the full functionality of all supported features and tools. This includes fully-fledged crypto trading signals, which inform subscribers of which orders to place when an opportunity has been identified. For example, a signal might suggest buying BNB at $289, alongside a stop-loss of $265. Signals are derived from the team of in-house analysts at Dash 2 Trade, who combine independent technical and fundamental analysis with automated algorithms. The latter includes social media metrics that seek to find trending coins and presales. For example, there might be an upcoming presale being discussed heavily on Reddit. if this is the case, the Dash 2 Trade dashboard will inform its subscribers. Additional metrics available on Dash 2 Trade will include blockchain statistics, whale token movements, ICO ratings, new exchange listings, and more. The team of analysts at Dash 2 Trade will also run regular webinars and live event feeds. This is in conjunction with trading competitions, social tools, and even a backtesting facility. The latter enables Dash 2 Trade subscribers to create automated trading strategies but in a risk-free environment. Those that like the sound of the Dash 2 Trade analytics dashboard can buy D2T tokens right now via the presale. The presale is already in stage three and this means that each D2T token costs just $0.0513. The next stage will increase the price to $0.0533 for each D2T token. Nine stages will be executed in total before D2T tokens go live on a range of crypto exchanges. Ultimately, while no guarantees exist, those wondering how to get rich off crypto might consider the Dash 2 Trade presale as a highly notable opportunity that should not be missed.

Invest in Dash 2 Trade Presale Now

IMPT - Carbon Credit Innovation via Blockchain Technology

Investors in the market for the most sustainable cryptocurrency that offers an attractive upside potential might wish to research the IMPT whitepaper. In fact, IMPT is revolutionizing a high-growth and emerging industry via blockchain technology - carbon credits. In a nutshell, carbon credits enable companies to emit carbon and other harmful gases into the atmosphere. Each year, companies are given an allocation of credits that can be used for this purpose. Should a company require additional credits, then they must be purchased via the open market. interestingly, companies like Tesla have a sizable surplus of carbon credit each year, considering the firm's green credentials. As such, Tesla can sell their excess carbon credits for cash. However, the key issue for smaller companies is accessing this market, not least because it is dominated by large-cap corporations. Furthermore, although carbon credits trade like gold or crude oil, accessing this market as a retail investor is also challenging. With this in mind, IMPT is building a global dashboard that will facilitate carbon credit trading in an inclusive manner. From the perspective of commerce, companies will be able to open an account with IMPT and buy the carbon credits they need at a fair, transparent price that reflects global spot rates. The process is simply a case of buying IMPT tokens which are then converted to carbon credits via NFTs. From the perspective of individual investors, the process is much the same. However, investors can keep hold of their carbon credit NFTs for as long as they wish. The idea here is to hold until carbon credit prices rise on the global stage and thus - a realizable profit can be made. In some jurisdictions, green investments also come with tax-efficient benefits. Another factor that makes IMPT the most energy-efficient crypto is that supports carbon offsetting. In simple terms, IMPT carbon credit NFTs can be 'burned', which means they are removed from the circulating supply. In turn, the stakeholder will offset their carbon emission footprint. And in doing so, the stakeholder will receive a new NFT that comes alongside unique digital artwork. Additionally, IMPT will also partner with online brands to offer cashback rewards - paid in IMPT. The IMPT presale has been running for a little over a month and has already raised in excess of $12.5 million. Stage two of the presale, prices each IMPT token at $0.023. The IMPT presale supports ETH and USDT and once sold out, the tokens will be listed on a crypto exchange that is yet to be announced.

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Invest in IMPT Presale Now

Calvaria - The Future of Online Gaming via Crypto Rewards

Calvaria could also be one of the best future cryptocurrency projects for a plethora of reasons. First and foremost, Calvaria is building a brand new gaming universe that follows a superb business model - play-to-earn. In its most basic form - and as the name suggests, play-to-earn games are built on blockchain technology and subsequently enable players to earn rewards. In the case of Calvaria, gaming rewards are earned and paid in the project's native crypto asset - RAI. Rewards can be earned and maximized by progressing through the Calvaria universe and subsequently defeating other players via a battle card strategy game. Each player will have their own unique battle cards that come with many different traits. Most importantly because each battle card is backed by an Ethereum NFT, players retain full ownership at all times. Furthermore, Calvaria will be launching a decentralized marketplace that enables players to buy, sell, and trade battle card NFTs - with pricing depending on demand and supply. Crucially, Calvaria will appeal to gamers that no longer wish to hand control of their in-game assets to the gaming developer. This is, unfortunately, the case with many popular games in the traditional space - such as FIFA 23 and Call of Duty. But with Calvaria, players can rest assured that all rewards are personally owned and retained. Another benefit of the Calvaria play-to-earn game is that its blockchain-based nature guarantees fairness. This means that card battle outcomes cannot be manipulated or predefined, either internally or externally. The best way to gain exposure to the growth of Calvaria is by investing in RAI tokens while the presale campaign is still ongoing. In a little under a month, Calvaria has raised more than $1.6 million from early investors and the campaign is now in stage four. For every 1 USDT invested in the presale, investors will receive 40 RAI tokens. However, once the presale swiftly moves into stage five, each USDT will get just 33.33 RAI.

Invest in Calvaria Presale Now

2. Day Trading - Buy and Sell Crypto Throughout the Day to Make Regular Gains Now that we have covered presales, we can now move on to the next strategy to consider when learning how to get rich off crypto. One of the most popular tactics in this regard is to day trade crypto with the view of making small but frequent gains. The main concept is to speculate on the rise or fall of a specific crypto pair - such as BTC/USD.

For example, if BTC/USD is priced at $19,500 - day traders will seek to determine whether this will increase or decrease within the coming hours or even minutes. Day traders never keep a crypto position open for more than a day - which in itself is a risk-management safeguard. But that begs the question - is it possible to get rich with crypto day trading?

Well, this all depends on the amount of capital that an investor has access to. If the day trader is entering positions with a small amount of money, then getting rich with cryptocurrency will be challenging. The only way around this barrier is to day trade crypto with leverage. Some exchanges in this space offer leverage of up to 100x. This means that for every $10 in the trader's account, a $1,000 position can be entered. This is why presales are arguably the best option when assessing how to get rich off crypto, as the upside potential is significantly higher when compared to restrictive day trading margins.

Day Trade Crypto at eToro

Your capital is at risk. Crypto asset investments are highly volatile and speculative.

3. HODLing - Invest in Crypto and Hold on a Long-Term Basis

While day trading is somewhat limited in terms of the upside potential, this isn't the case with 'Hodling'. This is a crypto-centric term that refers to buying a digital asset and keeping hold of the investment for many months or years. Crucially, long-term investors will typically outperform speculative day traders in the long run. After all, by Hodling during an extended bull run, this can attract sizable gains. For example, in the most recent bull market, the likes of Dogecoin and Shiba Inu generated returns in the many thousands of percentage points. It is, however, important to do lots of research when selecting the best long-term cryptocurrency to buy. Many investors will elect to build a diversified portfolio that not only contains Bitcoin but many of the best altcoins in the market. The more diversified - the better. Once investors have assessed the best crypto to buy for long-term Hodling, the investment can then be initiated at eToro - which supports dozens of coins from a minimum trade size of just $10.

Buy Crypto at eToro

Your capital is at risk. Crypto asset investments are highly volatile and speculative.

4. Staking and Interest - Earn Passive Income on Idle Crypto Holdings

While staking and interest accounts will not necessarily enable investors to get rich, these methods are ideal for earning passive income during a bear market. Crucially, it is best to earn interest on cryptocurrencies rather than leaving the tokens to sit idle in a private wallet. Staking is perhaps the most popular option in this regard. This investment product typically offers investors the choice of fixed or flexible terms. The latter enables investors to withdraw their cryptocurrencies at any time, albeit, the interest rate on offer will usually be lower. To get the highest interest rate possible, investors might consider a fixed term - which could be anything from 30 days to an entire year. The best staking platform in the market today is Quint. The reason for this is that Quint offers a unique feature called 'super staking'. In a nutshell, investors will first need to choose their preferred staking pool and each option will come with a prize - such as a BAYC NFT. The more that is staked, the more ticket entries that are given for the competition. While the competition period is ongoing, investors will receive staking rewards. Once the competition draw has been made, the winner will receive their prize. After that, all staking rewards can be withdrawn. The investor can then reallocate their tokens to enter the next competition draw while simultaneously earning passive income. 5. Play-to-Earn Crypto Games - Earn Real-World Crypto Rewards by Playing Blockchain Games The next option to consider when exploring how to get rich off crypto is play-to-earn games. This concept enables players to earn cryptocurrencies simply for playing blockchain-based games. As noted earlier, a great example of this is Calvaria. To recap, those engaging with the Calvaria gaming ecosystem will have the chance to earn RAI tokens. In order to compete, players will first need to mint an NFT, which transitions into a set of battle cards. Each battle card is owned by the player and safely stored on the blockchain. The play-to-earn concept is especially attractive for those on a budget. The reason for this is that other than the initial cost of minting an NFT, the player will be required to dedicate time as opposed to money. As such, this represents one of the best ways to earn crypto with little capital.

Invest in Calvaria Presale Now

6. Crypto Yield Farming & Lending - Generate Income by Loaning Crypto Tokens to Third Parties Another way to earn passive income is via crypto yield farming. This is a form of lending that promotes a variable rate of interest. In its most basic form, the first step is to choose a suitable crypto yield farming platform - which will likely be a decentralized exchange. After that, the investor will loan their cryptocurrencies to the exchange by connecting their private wallet. The respective tokens will then be used to fund a liquidity pool. This pool will then be used by traders to buy and sell cryptocurrencies on the decentralized exchange without an intermediary. For providing the liquidity pool with cryptocurrency, the investor will earn a rate of interest that is often determined by the amount of trading fees collected. As such, this is a passive way to generate returns on idle crypto investments.

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7. Faucets - Complete Basic Tasks to Earn Free Crypto Tokens

On the one hand, this strategy certainly won't enable investors to get rich from crypto. But once again - the best crypto faucets are worth considering for those that wish to get a foot in the digital asset space without risking any money. Put simply, crypto faucets are run by third-party websites that require people to complete super-basic tasks. As a prime example, this might be a requirement to download a new gaming app and play it for a number of minutes. Alternatively, the faucet might ask the user to complete a captcha form. Either way, the user will receive a tiny amount of crypto after completing each task. While the amounts on offer are small and inconsequential. Crypto faucets are essentially risk-free.

8. Airdrops - Receive Crypto Tokens on a Fee-Free Basis

In a similar way to faucets, airdrops enable beginners to earn free crypto without needing to risk any personal capital. Once again, the amounts on offer will be inconsequential. Most airdrops are offered by newly launched crypto projects. In return for completing tasks (like following the project on social media), free tokens will be sent to the user's wallet. Once the token is listed on an exchange, the user can then elect to sell the airdropped tokens. One of the most successful crypto airdrops of all time was the Bitcoin Cash fork in 2017. Anyone holding Bitcoin at the time would have received an equal number of Bitcoin Cash tokens.

9. DAOs - Join a DAO and Help Make Important Project Decisions

Decentralized autonomous organizations - or simply DAOs are a growing trend in the crypto space. In a nutshell, DAOs enable token holders of the respective project to vote in key decisions. For example, whether or not to upgrade the network from proof-of-work to proof-of-stake. Those holding a so-called governance token are essentially part-owners of the cryptocurrency project. And in turn, if the value of the token rises in the open marketplace, this will enable the holder to sell at a profit. However, do bear in mind that many DAO tokens have failed to live up to their initial expectations. As a result, the best approach to take when investing in DAOs is to build a diversified portfolio.

10. Mining - Earn Crypto Rewards via Cloud Mining Platforms

The final option to explore when evaluating how to get rich off crypto is crypto mining. This is a process that enables blockchain networks like Bitcoin to remain decentralized. In other words, miners are responsible for confirming transactions and ultimately - keeping the network safe. Miners are required to buy specialist hardware that connects to the blockchain, in addition to consuming vast sums of electricity. In turn, however, miners will receive crypto rewards when they are successful in validating a network block. The best way to target this space is via a cloud mining platform. The reason for this is that there is no requirement to buy any hardware or even consume electricity - other than what is required for an internet connection. Cloud mining platforms pool investor funds together to pay for the required hardware and operating costs and share rewards on a proportionate basis. This means that cloud mining offers a passive form of income.

Can You Get Rich with Cryptocurrency? Things to Keep in Mind

Getting rich off cryptocurrency is possible, but far from guaranteed. Nobody quite knows what the future holds for digital asset valuations, regulation, and broader mass adoption. Nonetheless, but following some of the tips discussed below, this will give investors the best possible chance of targeting above-average returns.

Target Returns

The first thing to consider when assessing how to get rich off crypto is the type of returns required. This will invariably be dependent on the amount of capital available to the investor. For example, with a starting balance of $100, established cryptocurrencies like Bitcoin and Ethereum likely won't be suitable. This therefore raises the popular question 'is Bitcoin a good investment in 2022?' This is because it is very unlikely that these projects have the capacity to generate gains of 100x and more - considering that they already have multi-billion dollar valuations. With this in mind, those on a budget might instead consider crypto presales. Lucky Block, for example, generated gains of 60x after completing its presale in January 2022. Tamadoge was also successful, generating growth of 20x after its presale later on in the year. As noted earlier, three of the hottest presales to explore right now are Dash 2 Trade, IMPT, and Calvaria.

Risk Tolerance

It is important not to get carried away with the upside potential of a cryptocurrency - whether established or in presale. After all, many cryptocurrencies have since failed while others are looking at a 90% decline when compared to prior all-time highs. As such, investors should evaluate their personal financial circumstances and tolerance for risk when learning how to get rich off crypto. Ultimately, beginners and experienced investors alike should never risk more than they can afford to lose.

Independent Research

Make no mistake about - conducting independent research prior to investing in a cryptocurrency project is of the utmost importance. This will give investors the best chance possible to separate the good from the bad. To get started, consider reading the whitepaper and exploring the team behind the project. If the team has decided to remain anonymous, this is a major red flag.

Diversification

Never go 'all-in' on a cryptocurrency investment - irrespective of how much research has been conducted. On the contrary, the most risk-averse way to invest in cryptocurrency is by diversifying.

Diversified portfolios generally hold multiple cryptocurrencies of all shapes and sizes.

To illustrate this point, this might include:

Large-cap cryptocurrencies like Bitcoin and Ethereum

Metaverse coins like MANA and SAND

Smart contract coins like Solana and Tron

In addition to the above, diversified portfolios will often have exposure to crypto presales too.

Conclusion

Beginners are often looking to find ways to get rich in the crypto space. With that said, it is important to be realistic by considering important factors surrounding available capital, time in the market, and experience. Nonetheless, investors of all skill sets are now turning to crypto presale launches as a way to target returns of 10x, 50x, or even 100x and more. Right now, the Dash 2 Trade presale is offering a notable upside for early investors. Having already raised over $5.7 million - the presale is likely to sell out quickly.

Invest in Dash 2 Trade Presale

FAQs

Can crypto make you rich?

Crypto is a high-risk, high-return asset class. This means that on the one hand, it is possible to generate life-changing gains when investing in crypto. After all, during the most recent bull run, many projects increased in value by thousands of percentage points. However, many crypto projects have also failed, leaving investors with huge losses. As such, be sure to perform lots of research and ensure that the investment portfolio is well diversified.

How do people get rich using crypto?

Generally speaking, the most successful crypto investors are those that buy into a project while it is still in its infancy and then 'HODL' the tokens for a number of months or years. This is typically the most common way of targeting significant returns that simply cannot be rivaled in the conventional stock trading space.

How do you get rich on crypto fast?

Getting rich in crypto fast means taking on an extreme amount of risk. Those that are comfortable losing some or even all of their investment stake for the purpose of targeting huge gains might consider crypto presales. Alternatively, some high-risk investors will trade crypto derivatives with leverage of up to 100x.

cryptonews.com - How to Get Rich off Crypto in 2022 - Top Method Revealed

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