5 Ways to Make More Money with Crypto (Without Investing a Dime)
5 Ways to Make More Money with Crypto (Without Investing a Dime)
With all the talk about crypto markets crashing, it’s easy to forget that crypto itself isn’t going anywhere – and neither are the ways you can make money with it. In fact, if you’re looking to add more income to your current sources, there are plenty of ways to earn money using cryptocurrency without investing anything yourself. Here are five smart ways to turn your crypto into cash in your pocket that don’t involve buying or selling cryptocurrency at all!
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- Getting Paid In Crypto
Getting paid in crypto is surprisingly simple, actually. If you’re looking for just one way to earn crypto and don’t want to invest, there are quite a few ways to do so. To get started, consider completing these tasks
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- Holding On To Your Investments Is An Investment In Itself
HODL may have become a meme, but it was also coined as advice for new crypto-investors. When you buy crypto, be sure you plan on holding onto it for an extended period of time—even if it dips in value at some point. The HODL strategy will reduce your taxes and provide an excellent psychological hedge against bear markets (knowing that you’re long-term position is safe). You can learn more about HODL here.
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- Becoming an Expert
One of the easiest ways to start making money is to become an expert in something. Take some time out of your day and go on sites like YouTube and search for some information that would be useful for others, but wouldn’t require you buying anything new. For example, if you have an iPhone, learn how to fix it or use tips and tricks from other users. Eventually people will reach out asking you for help. This one can take longer than other strategies, but if done right it can be very lucrative.
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- Passive Income Opportunities Through Automation
If you are looking for passive income opportunities, it’s important to consider how automation can help you and your business. Through automation, you can optimize your working hours and increase your productivity, even if that means only increasing your active work hours from 8 per day to 10 per day. The extra 2 hours of work each day will be worth it once those 2 hours pay for all of your daily expenses and then some. Automation is great because it allows you to scale up or down based on what works best for your business. It also reduces employee turnover by reducing your need for employees in general. Automation helps ensure that everyone is working as efficiently as possible and doing what they do best so that you can focus on growing your company.
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