How to make money on cryptocurrency in 2020 (part 2)

Mining-a way to earn cryptocurrency from scratch

This is the oldest and original way to earn cryptocurrencies. Mining is the process of creating cryptocurrencies by selecting and creating cryptographic code. This requires a huge amount of knowledge and experience. Today, this method is available only to highly professional specialists and specialized companies that work in this field. The fact is that investments in this way of earning today are at least hundreds of thousands of dollars, and maybe more than a million dollars. To do this, you need to create production facilities from high-tech and powerful computers and processors, video cards. There is also no need to puzzle over the creation of a crypto-wallet for storing money. For an ordinary person now-this is too expensive.

Operations with cryptocurrency through exchanges on the Internet

This type of earnings is available to those who already have a currency and want to exchange it for digital money in order to sell it in the future. The essence here is the same as when working with a Forex broker. Only here everything is done through exchange sites on the Internet at special rates. Not always profitable courses, as well as the complexity of entering and withdrawing money, the unreliability of such sites – this is the main reason why I do not use this method.

Specialized exchanges on the Internet

There are also specialized exchanges on the Internet that allow you to buy and sell cryptocurrencies. But again, these are, in my opinion, more dubious companies, since there have been cases when such exchanges went bankrupt or suspended operations. Just like with exchanges, there is a more difficult system for depositing and withdrawing funds, and in most cases, you need a crypto-wallet.

Contests – a way to earn cryptocurrency without attachments

Today, against the background of high demand and popularity of bitcoins, many companies on the Internet, or rather in social networks, arrange various competitions where you can win some part of the whole number of bitcoins. For example, from 0.01 to 0.1 bitcoin. In my opinion, this is pure lottery and marketing. But on the other hand, those who do not have a minimum amount to top up their account with a Forex broker will be able to win a piece of cryptocurrency or its equivalent. This method is for those who want to earn on cryptocurrency without money, without investing anything.

Sites "with taps" - earning without attachments on the Internet

This is also a modern marketing move, which is arranged by some so-called sites-cranes. They allow you to earn money on cryptocurrency without investment, but for this you need to do some work on the Internet. For example, you can visit partner sites daily. Earn here, as well as in the previous method is very difficult. And this method is more suitable for those who do not have any money at all, since no investment is required.

Which cryptocurrency should I choose to earn in 2020?

Today, there are more than a dozen different cryptocurrencies in the world. And every year their number will only increase. In such conditions, it is necessary to choose the right cryptocurrency to earn "normal" capital on it.

Here are the main and popular cryptocurrencies:

Bitcoin (bitcoin) is the most famous and popular cryptocurrency. To date, it has grown quite strongly, but the growth potential remains. Some analysts predict it will grow to 60 thousand dollars.
Bitcoin cash is a type of bitcoin that was separated from the" parent " cryptocurrency in August 2017. At the moment, it is much cheaper than just bitcoin, and in my opinion, it has even more potential than bitcoin itself.
Bitcoin gold – just like bitcoin gold, it was separated into a separate cryptocurrency in October 2017. It is cheaper than bitcoin itself, but has growth potential.
In December 2017, it is planned to allocate (this is called a "fork") several more cryptocurrencies from bitcoin: super bitcoin, bitcoin platinum, bitcoin lightning, bitcoin god, bitcoin uranium.
Ethereum (Ethereum) is the second most popular cryptocurrency in the world, the rate of which is highly undervalued today.
Litecoin is another undervalued currency compared to bitcoin, which is now relatively cheap.
Monero, Dash, and Zcash are relatively new cryptocurrencies that are also available for investment and earnings.

I have listed the most popular cryptocurrencies this year. But before you get involved with cryptocurrencies, I recommend that you remember the 3 main rules:

Diversify your investments. This means don't invest everything in one cryptocurrency. Divide your capital into several parts and buy different assets.
Buy gradually on the fall. Everything seems clear here. Do not buy all the capital at once, take a little when the cryptocurrency exchange rate is adjusted.
Be ready to buy quickly and sell quickly. At any time, be ready to buy and sell cryptocurrencies to earn the maximum amount.

Reviews on how to make money on cryptocurrency
In this article, I shared with you my visions and ways to earn money on cryptocurrency and whether it is possible to do it at all. As you can see, this is quite real. But until You try it yourself, You won't be sure.

Already quite a lot of people have made a fortune on cryptocurrencies. Someone just invested money in cryptocurrency and waited for its growth, and someone earns on the change in the exchange rate of cryptocurrencies. Most reviews show that they have earned a considerable amount of real money on this.

Under this article, I ask you to leave your feedback, questions and recommendations about how to earn money and how You did it.
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