Learn Which Cryptocurrencies are Poised to Skyrocket in the Coming Year and How to Profit from Them
Ladies and gentlemen, the crypto market is off to a hot start this year and I couldn’t be more excited! After a rough 2022, it’s finally time to start stacking some profits. The total market cap of the crypto market has risen 14% in the new year.
Now, I know what you’re thinking, “But wait, you graduated from Harvard and drive a Lambo, you must have insider information on which coins are going to moon in 2023.”
And while I wish that were the case, the truth is, nobody knows for sure how the market will perform. But, as a crypto expert and someone who’s made a killing trading these digital assets, I have a pretty good idea of which coins have the potential to bring in some serious cash.
Nr.1 Bitcoin (BTC)
The king of crypto, the OG of digital assets, call it what you will, but Bitcoin is the backbone of the crypto market and should be a staple in any diversified portfolio. With more and more countries legalizing BTC as a form of payment and the number of BTC transactions on the rise, it’s clear that this coin is no longer just for criminals and money launderers. Plus, the Bitcoin network is unrivaled in terms of security and decentralization, making it a solid store of value. This year, we could see some big developments in regulation and the Lightning Network could finally go mainstream, which would make transactions faster and cheaper.
Target price 2023: $30,000 — $45,000 Stop Loss: No stop, use dips to accumulate
Nr.2 Ethereum (ETH)
Ethereum, or ETH for short, is a crypto that simply can’t be missed in any well-diversified crypto portfolio. This smart contract platform has recently completed its long-awaited merge to Ethereum 2.0, which uses a proof-of-stake consensus and allows users to participate in staking through their own validator or protocols like Lido Finance (LDO).
The big news for Ethereum this year is the Shanghai upgrade, set to happen in March, which will allow investors to withdraw their ETH from the Beacon Chain for the first time in over a year. But don’t expect a mass sell-off following the upgrade — with staking prices lower than they were pre-upgrade, it’s unlikely to cause a major shift in the market.
And that’s not all — Ethereum has even more in store for us this year with the EIP 4844 Sharding upgrade. This update will allow the Ethereum mainchain to scale much more efficiently by splitting transaction loads across multiple “shards,” or mini-blockchains. Essentially, it’ll make the whole system run a lot smoother.
But let’s not forget that Ethereum is already the clear leader in the world of decentralized finance (DeFi). According to DeFillama.com, Ethereum’s dominance in the DeFi market has recently risen to over 60%, with a total value locked (TVL) of around $25 billion and over 600 DeFi protocols. And in the non-fungible token (NFT) market, almost all of the top 10 NFT collections by trading volume are based on Ethereum, with monthly NFT trading volume on Ethereum reaching around $400 million — that’s about 10 times more than on Solana or Polygon.
Target price 2023: $3,500 to $4,500 Stop Loss: No stop, use dips to accumulate
But remember, I’m the guy who turned a few hundred bucks into a Lambo by trading crypto, so take my predictions with a grain of salt — and a shot of tequila
Nr.3 Polygon (MATIC)
Ladies and gentlemen, let me introduce you to the jack-of-all-trades of Ethereum scaling solutions: Polygon (MATIC). This Ethereum sidechain has been gaining popularity as the go-to option for companies that want the security of Ethereum with the added bonuses of lower fees and faster transactions. And let me tell you, that’s a pretty sweet combo, especially in the world of non-fungible tokens (NFTs).
In the past year, Polygon has seen significant growth and acceptance in the NFT space. Some of the big names that have partnered with Polygon include Coca-Cola, Warner Music, Nike, Adidas, Starbucks and even Instagram (Meta). The Facebook partnership is particularly noteworthy, considering that Instagram has over 2 billion monthly users who now have access to a Polygon-based NFT platform.
But it’s not just Instagram that’s jumped on the Polygon train — social media giant Reddit has also released its own NFTs on the network, which have quickly gained popularity among users. It’s estimated that around 4 million users currently hold Reddit NFTs in their wallets. And that’s not all, Starbucks recently rolled out an NFT rewards program called “Odyssey” in partnership with Polygon, which is currently in beta but has already generated a lot of interest. Long-term, Starbucks also plans to launch its own NFT marketplace on Polygon, which could further boost the number of Polygon users and solidify the network’s mainstream appeal.
Target price 2023: $1.50 to $2.50 Stop Loss: No stop, use dips to accumulate
Matic Price Prediction
My Polygon (MATIC) price prediction for 2023
cryptoeinfach.medium.com
Nr.4 Bitpanda Eco System Token (BEST)
Hold on to your crypto wallets folks, because I’m about to introduce you to the best exchange token: the Bitpanda token, or BEST for short. This powerful token is the driving force behind the platform, and it’s the key to unlocking its full potential. But what makes BEST so special, you ask? Let me break it down for you.
First off, there’s the ITB (Instant Token Bonus). If you’re a member of the elite class of BEST VIPs, holding between 10 to 50,000 BEST, then you’re entitled to a special bonus every time you trade on the Bitpanda platform. That’s right, a portion of your fees will be returned to you in the form of BEST tokens. It’s like getting a discount on your rocket fuel, as Elon Musk would say.2023 Crypto Predictions
Next up, we have the BURN (BEST Token Burn). This is a highly sophisticated mechanism that drives the value of the BEST token to new heights. Every month, a staggering 25% of all fees paid by BEST VIPs are permanently eliminated from circulation through a process known as burning. This reduction in supply, coupled with a steady or increasing demand, can lead to a significant appreciation in the price of the token.
And last but certainly not least, we have the REWARDS (BEST Reward System). This is a true gem in the world of crypto investing. Rather than receiving a mere pittance in fiat currency, as is the case with traditional stock dividends, BEST holders are rewarded with even more BEST tokens on a weekly basis. This creates the potential for exponential growth through compound interest, as each reward only serves to increase the size of your token stash.
Target price 2023: $1.20 to $2.20 Stop Loss: No stop, use dips to accumulate
The Millionaire Maker
How Bitpanda’s BEST Token Can Skyrocket Your Wealth
cryptoeinfach.medium.com
Nr.5 Near (NEAR)
Are you ready to jump on the Near (NEAR) bandwagon? Because, let me tell you, this blockchain platform is about to take the crypto world by storm. Founded in 2018, Near Protocol has quickly established itself as one of the most scalable and interoperable Proof-of-Stake blockchain platforms out there.
And the best part?
The team behind it is killing it — they closed a whopping 850 million dollar funding round in 2021 and 2022.
But what really sets Near apart from the competition?
Its user-friendliness. In 2022, the number of developers working on Near has grown by a staggering 10 times. And the on-chain statistics speak for themselves — over 22 million NEAR accounts have been created in the past 2 years, more than on nearly any other blockchain.
But the real game-changer for Near?
The Nightshade Sharding, set to roll out this year. Unlike Ethereum 2.0 or Polkadot, the shards on Near are not designed as multiple sidechains, but as standalone blockchains. This means that each block on Near contains an image of all transactions that have occurred in each shard. And, even though Near already processes transactions quickly and cheaply, this upgrade is set to take Near’s capabilities to a whole new level — 100,000 transactions per second.
Target price 2023: $6 to $8 Stop Loss: No stop, use dips to accumulate
Bonus: The Future of Interoperability
Pantos (Pan)
The vision of Pantos is to create the first true multi-blockchain system, a Layer Zero network that builds on top of all major blockchains. The team at Bitpanda has teamed up with researchers from the prestigious technical universities TU Hamburg (Germany) and TU Wien (Austria) to develop this innovative technology.
As a scientific project, they are pioneers in this field and actively shaping the future of asset tokenization. One of the main goals of the Pantos project is to contribute to the scientific community and build a common knowledge base.
Bitpanda has several researchers on staff who are leading experts in their field. In addition, the CDL-BOT partnership with TU Hamburg and TU Wien leads to regular publications in the area of blockchain interoperability and other research areas related to Distributed Ledger Technologies.
The early access is already running and later on, you will be able to host nodes and earn Pantos as rewards.
Time to accumulate and prepare for the real surge in 2024
These five coins, Bitcoin, Ethereum, Polygon, BEST, and Near, are all poised for big things in the year ahead and offer a great opportunity for investors to capitalize on their potential.
Now, I know that some of you may be thinking that the global economic situation is still uncertain and that it’s too early to make any big moves. But let me tell you, the real party is just getting started, and now is the time to accumulate and get ready.
Don’t miss out on this opportunity to get in on the ground floor and potentially see huge returns. Remember, the crypto market is known for its volatility, so it’s important to have a long-term strategy in place and to use dips to accumulate.
So, if you’re looking to take advantage of the latest crypto trends and opportunities, be sure to check out these five coins on Bitpanda.
Trust me, you won’t regret it. And remember, as always, do your own research and never invest more than you can afford to lose. blogbysammy
Bitcoin Mining Explained – What is Bitcoin mining, and how does it work?
Many people new to crypto wonder:
How do new bitcoins (BTC) come into existence?
How do bitcoins move from place to place?
What makes Bitcoin secure?
What if we told you the answer to all three questions was the same: Bitcoin mining.
Mining is an essential, but often misunderstood concept in cryptocurrency.
This article covers:
What Bitcoin mining is and how it works
The environmental impacts of mining
What the future may hold for Bitcoin mining
If you’re new to Bitcoin, you’ll want to read our article “Bitcoin, Explained” first to get a better understanding of the original cryptocurrency.
What is bitcoin mining?
The bitcoin network is a blockchain, a linked series of data “blocks” with each block containing a set of bitcoin transactions. All over the world, thousands of Bitcoin miners race to be the first to complete a complex cryptographic “puzzle” using specialized computer equipment.
The math problems the miners solve during each puzzle period (or “block”) enable the release of new bitcoins and the confirmation of transactions on the network.
Every time a miner successfully verifies a block of bitcoin transactions, they’re rewarded with a certain amount of bitcoin, an incentive for miners to do their work and keep the bitcoin network secure.
Once a transaction is validated by a Bitcoin miner, the block is added to the blockchain, and the update is processed across the network. This process takes place about every ten minutes.
In short, mining is how:
new bitcoin comes into existence
transactions happen on Bitcoin’s proof of work blockchain
the network stays secure
Here’s how the process works in more detail:
When a new transaction is made on the Bitcoin network, it is broadcast to all nodes in the network.
These nodes then race to validate the transaction by solving a complex computational puzzle. The first node to solve the puzzle adds the transaction to the blockchain and broadcasts the solution to the rest of the network.
Other nodes in the network check the solution to verify that it is correct. If it is, they add the transaction to their own copy of the blockchain and move on to the next puzzle.
As a reward for their efforts, the miner who solved the puzzle is awarded a certain number of bitcoins. This helps to incentivize miners to contribute their computational power to the network.
The difficulty of the puzzles is adjusted over time to ensure that it takes an average of about 10 minutes to add a new block of transactions to the blockchain. This helps keep the rate at which new bitcoins are created steady and makes it more difficult for attackers to manipulate the network.
What is a bitcoin miner?
Miners are computers, and they are almost always an ASIC miner.
ASIC stands for Application-Specific Integrated Circuit, and while there are a variety of ASICs created for different purposes, these are made just to mine bitcoin.
While standard consumer devices like CPUs and GPUs were used in the past to mine bitcoin, those systems don’t offer the computational power needed to solve the hashing puzzle at the current level of mining difficulty.
Miners on the Bitcoin blockchain earn bitcoin in two ways:
Block rewards. When a miner is the first to solve the validation riddle, they earn BTC and add the next block of data to the chain.
Transaction fees. In return for validating a transaction, miners earn a percentage of the network fee.
Listen to the full podcast with Jaime Leverton, CEO of Hut 8 Mining
Bitcoin mining creates new bitcoins
There will only ever be 21 million bitcoins in existence.
The final bitcoin is expected to be mined in 2140, and this scarcity is where the comparison to gold comes from. Once the last bitcoin is mined, that’s all there will ever be, making bitcoin a deflationary asset.
The very first Bitcoin miners received 50 BTC as a block reward. However, the next halving will be in 2024, further reducing the block reward to 3.125 BTC.
As you can imagine, Bitcoin mining has become big business. There are mining “farms,” also known as hashing facilities, all over the world, and a quick online image search will show the scale of these operations.
Gone are the days of a single Bitcoin user mining on their PC; computational power is king, and more is better when it comes to processing transactions, winning the block reward, and securing the blockchain.
Mining pools offer an alternative for regular users to participate in mining, without needing to purchase warehouses full of ASIC mining rigs. In a mining pool, individual miners lend their computing power to a mining farm through a shared server.
In exchange for their computing power, miners in the pool receive a proportional share of the block reward when their pool solves the hash.
Bitcoin mining secures the blockchain
The Bitcoin blockchain is an open-source, decentralized ledger; essentially, a record book of all the transactions that have occurred on the blockchain. When a new block is added to the chain, all of the nodes receive the new copy of the blockchain.
These transactions are validated using a Proof of Work consensus mechanism, meaning all of the nodes on the blockchain have competed to solve a puzzle, then agreed that the transaction details are correct.
This is how the Bitcoin blockchain is secured. If a hacker tries to manipulate the blockchain, the data they try to enter into the ledger won’t match up with the data that other nodes have, flagging it as a fraud.
Even if a hacker had enough computing power to go back far enough in the blockchain to rewrite a transaction, it would be so costly and time consuming that it likely wouldn’t be profitable.
This type of attack is called a 51% attack, and it would cost billions of dollars to attempt. Even if successful, an attack of this type would essentially destroy the blockchain by eroding the trust in the ledger, and the price of bitcoin would likely fall to zero, making the entire thing pointless.
This is the superpower of the Proof of Work consensus mechanism–it takes a lot of time, money and energy to validate transactions, and this work is self-protecting since it’s almost impossible to undo.
The security of the blockchain increases as more miners join the network, since more transactions can be processed and there are more nodes available to share greater consensus.
The more transactions that are processed and validated, the larger the amount of data that a criminal would have to “rewind” to hack the network.
Bitcoin mining and energy use
There’s been a lot of controversy over the energy usage of cryptocurrency in general, and a lot of that has been directed at mining in particular.
Concerns about e-waste from mining equipment and of excess electricity consumption, and the fossil fuels that create that electricity, have generated intense debate around this topic.
At the time of this writing (November 2022), Bitcoin operations expend just over 100 Terawatt hours (TWh) of energy each year. As a point of reference, that’s about the same amount of energy that is required to power all of the refrigerators in the United States.
For a global comparison, air conditioning alone uses 2,199 TWh per year.
The need for greater computing power, and the hefty price tag that comes with the equipment and electricity needed to run these operations, has resulted in innovative expansions into crypto mining.
For example, many mining operations have moved to countries with an abundance of electricity, such as Canada and Iceland, that would otherwise go unused.
The oil and gas industry has become involved in mining, since they often have power that would be wasted, and the cryptocurrency mining industry gets more than half of its power from sustainable energy sources.
In this way, miners could potentially make the power grid more efficient by harnessing non-traditional energy sources.
Many critics ask why Bitcoin doesn’t just move to a more energy efficient consensus mechanism like Proof of Stake. This is a complex question, but in short, Proof of Work has some distinct advantages over Proof of Stake with regard to the purpose of bitcoin.
BTC is a store of value and part of what maintains this value is the difficulty in creating new bitcoins and the inability of malicious actors to hack or even game the system in an effort to monopolize control of the currency.
The Proof of Work consensus mechanism provides unique benefits in this regard, making it optimal for a cryptocurrency like bitcoin that could be a long-term store of value.
The future of Bitcoin mining
What happens when all 21 million bitcoins have been mined?
As you’ve read, miners are responsible for a lot more than just creating new bitcoins. They’ll still validate transactions, and collectively secure the entire Bitcoin network.blogbysammy
Miners won’t receive block rewards anymore, but they will still receive transaction fees. The validation of the network will continue to be an extremely important function.
If there weren’t miners to validate new copies of the ledger, the blockchain would likely fall under attack, rendering bitcoin as a store of value useless.
Even after all bitcoins are created, mining is still necessary to maintain the value of the bitcoin cryptocurrency and process ongoing transactions on the network.
Mining is essential to the Proof of Work consensus mechanism, and miners have proven that they are committed to finding new ways to power their operations, and subsequently, Bitcoin.
There’s another way to get bitcoin though, and it doesn’t involve setting up a mining rig.
Buying BTC may be a more straightforward way of adding it to your holdings, and if you choose to use a dollar cost averaging method, you can buy bitcoin incrementally, over a long period of time, instead of trying to time the market.
If you’ve never bought BTC before, you’d need what’s called an “on-ramp” — a way of exchanging fiat currency for crypto. Then, you can transfer your crypto to a non-custodial wallet, so you have complete control over your funds.
Blockchain.com is the only place you can find both of these wallet types in one place, and you can create your free account in just a few minutes.
This information is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax or financial advice from a professional advisor.
The purchase of crypto entails risk. The value of crypto can fluctuate and capital involved in a crypto transaction is subject to market volatility and loss.
Digital currencies are not bank deposits, are not legal tender, and are not backed by the government. Blockchain.com’s products and services are not subject to any governmental or government-backed deposit protection schemes.
Legislative and regulatory changes or actions in any jurisdiction in which Blockchain.com’s customers are located may adversely affect the use, transfer, exchange, and value of digital currencies.
Unlocking the Future: A Guide to Earning Cryptocurrency in 2023 Without Spending a Dime
As with everything else, there are a few issues, though. For an inexperienced person, it is difficult to recognize the scams that will manipulate their communities and victimize investors.
Thus, a strong sense of accountability should also apply to all those that look into ways to earn crypto.
We present various examples of how anyone can begin earning cryptocurrency in 2023 without any investment.
Earn Cryptocurrency In 2023
Here are some of the ways to earn cryptocurrency online during 2023.
In the past, websites like AirdropsAlert and Airdrops.io used to offer many opportunities with “legit” airdrops. Lately, however, they present obscure giveaways that underdeliver. Still, they are the top two choices in listing new airdrops.
New projects have stopped airdropping tokens as a marketing tactic,
Yet, in 2021 several new projects in new EVM networks like BSC and smartBCH handed out decent rewards to participants.
Sometimes an airdrop can be worth several thousand dollars if the airdrop hunter does not immediately sell at a low price.
There are several airdrop-index websites out there, but they have listed several times scam projects that pose a danger to everyone, thus I can only mention these two that have a better record. Still, exercise caution since the purpose of a project may appear way later.
Once we notice a red flag, hunters should avoid promoting or participating in a project.
Airdrops to avoid:
Avoid DeFi airdrops that ask for trades and volumes. You will end up paying excessively more than the airdrop you will receive while looking for the next Uniswap. Many tried to exploit these airdrops but ended up with a net negative.
Avoid airdrops asking for deposits or initial purchases of their token. That’s never going to end well.
Avoid KYC-related airdrops at all costs. Better to avoid all KYC anywhere online since your data is never safe. Scammers have operated KYC airdrops and abused private documents to facilitate scams and money laundering in the name of the airdrop hunter. You will get in trouble if you send your ID to scammers, so handle your private documents and data with respect.
Airdrop telegram groups
The telegram groups for the two airdrop-related websites mentioned may assist airdrop hunters by receiving notifications regarding new airdrops:
A 4-week Signature Campaign that paid between $1000 and $2000 to every participant
Bounties will always be there, although, as usual, 90% of the projects will fail immediately. Thus, it becomes necessary to follow the right people (the top bounty managers) on these two forums, to increase the odds of success.
a) bitcointalk (forum)
There are two different types of bounties on Bitcointalk:
Campaigns that last a few weeks with actions requested, such as:
– Tweets, retweets, likes
– Facebook posts and likes
– Linkedin likes and share
In general, projects will ask for meaningful contributions by participants. Every week the hunters will fill their links on a google sheet which is the normal procedure to accumulate
In most campaigns, projects will also ask and reward:
New accounts are not accepted, though. If you managed to raise your account to the level of “junior member” you can check this page daily and find out if there are spots available in any campaign. Then, you can submit your entry and wait for validation.
As the name suggests (signature-ad campaign), the task here is to add the banner of a project at the bottom of your posts on the bitcointalk forum and perhaps adding the logo as your profile picture. Also, there is a low limit of posts/comments and instructions regarding each campaign.
Reaching higher than the “member” rank in bitcointalk is out of reach. Do not expect anything better, as it will be a waste of time whether you publish quality content on that forum or not.
Usually, we will find the same bounties with bitcointalk running on altcoinstalk, but for bounty hunters, altcoinstalk may present different opportunities.
Get Notified About New Bounties Immediately
There is also this telegram channel that automatically updates whenever new bounties are published, which can assist bounty hunters receive notifications regarding new bounties:
The beta testing of Cashrain is about to end and registrations will reopen soon. The team is fixing bugs constantly, and CashRain is getting ready to play a central role in the next crypto bull run.
I have “rained” more than $100 in Bitcoin Cash with several Cashrains to hundreds of participants.
Kim Dotcom and many more have already airdropped more than $40,000 in Bitcoin Cash to several participants.
Cashrain is probably the easiest way to earn cryptocurrency (Bitcoin Cash).
Cashrain is right now invite-only. I got no invites left to share, but soon it will allow new people to join.
Bookmark the page here and remember to follow my community too when you do:
As with many other cryptocurrencies, Bitcoin Cash is severely undervalued right now, and rewards received from any platform contain a vast potential for the next bull run.
4. CoinGecko — CoinMarketCap
Create an account on the top two crypto indexes and accumulate daily points until we find a reward that matters.
Some of the Coingecko early NFTs were selling for $200 and higher on OpenSea in 2021.
On CoinMarketCap, the issue is that the site doesn’t give enough items to exchange the rewards, and upon offering something new, it immediately sells out. Perhaps a process to offer various rewards (tokens, NFTs) and cover demand would make collecting “diamonds” worthwhile.
Coinbase offers sometimes many opportunities to earn NFTs and tokens, while other exchanges also apply similar programs occasionally.
6. Writing Platforms
Hive — Publish0X
Blogging/writing platforms that pay the users in cryptocurrencies like Hive, Ethereum, etc .
The rewards on both Hive and Publish0x might be small today, but for anyone with time and talent in writing, they present an opportunity to earn cryptocurrency rewards.
While the rewards of $1 or $2 in tokens may look small, the price of many of these can rise significantly.
Make sure to publish content using hashtags of communities like leofinance, neoxian, ecency, proofofbrain which also offer their unique websites to join Hive.
The Hive Keychain is also the best browser-based non-custodial wallet to sign messages for the Hive platform and execute transfers of funds.
Besides these two websites, more platforms may offer contests and campaigns on their websites regarding writing or video content, often with exceptional rewards. Kucoin and Bitswap are two examples.
read.cash — noise.app
For two years noise.cash, noise.app, and read.cash were the best platforms supporting users to accumulate rewards in Bitcoin Cash. However, the reward program has recently ended.
Marc De Mesel was the main donator to these platforms, but the severe drop in the price of Bitcoin Cash also impacted the payment system in both platforms.
Still, anything can change, and the tipping option on both platforms is still active, so anyone can receive a tip from another user at any given time.
Medium
You don’t earn cryptocurrency with Medium, although you never know! Stripe (the payment processor Medium uses) has already added a USDC ramp, although still not available in all regions.
For the time being, Medium pays in USD and other fiat currency writers in the countries listed above.
Similar is the situation with Vocal.media which also uses Stripe.
Still, these are options that we can add next to any other crypto-related activity, and Medium or Vocal should be next to Hive and Publish0x for cryptocurrency writers.
Distractions: Social Media Giveaways — Faucets — Watching Ads for Rewards
There are always exceptions, but the rule here is that all the above are a waste of time.
Giveaways
Twitter Giveaway Scam
Usually with giveaways, you get fake accounts of the organizers earning the rewards. Such was the case of Waltonchain in 2018, where the controller of the official Twitter account of Walton forgot to switch accounts while cheating at a giveaway (source).
This is not proof that all giveaways are scams, but it is always better to consider most times you waste time seeking giveaways.
However, the source could be a reliable person or a credible project, so perhaps it could be a rare opportunity sometimes.
Faucets
Faucets are an absolute waste of time, although sometimes they can have a small effect to increase awareness of a new project.
For example, read about the first Bitcoin faucet and how it was paying 5BTC to every participant, back in 2010:
Regarding the BAT / Brave rewards, some people seem to think this was worth their time, but they should instead consider the cost of missing out on other activities.
We can categorize watching ads for rewards as a section of worthless online activities. There are so many better opportunities than wasting time like that.
Mobile Earning Apps
None of these work. The time-to-reward ratio is ridiculous, so avoid even looking for earning apps on Android or IOS.
To Maximize Your Gains, Do Not Sell Anything During The Bear Market
Whatever you have earned, even if it is just $1 worth of tokens you got from an airdrop or a giveaway, do not sell it.
Sure, chances suggest most projects will tank and reach zero.
But, those that will survive will present a rare opportunity that will cover up all the losses and also provide vast profit, making hunting worthwhile.
Back in 2019, I made some horrible mistakes like this one:
This was a reward from a Decentraland contest, where my design won one of the prizes.
Yet, I sold these tokens for $151, and today amid this bear market, they are worth $2,300, while during the peak of 2021, they were more than $15,000. I sold for $0.05, and the price reached $5 two years later. A missed 100x opportunity.
An unforgivable mistake since I also believed in Decentraland, supported the project since 2017 and followed developments until 2021.
The wrong mindset prevailed, yet this wasn’t the only time.
So, seriously, it might be useful to learn and calculate market caps, as this is one indicator that tells us when to take a profit. Don’t sell a decent token or coin for peanuts.
You don’t have to experience this either. Don’t sell your airdropped coins for pitiful amounts that will make no difference.
Some projects contain vast potential as they mature.
Sure I made several mistakes, but I’ve made several correct calls as well as buying Ethereum close to $100 in 2020.
If you ask me when to buy or hold cryptocurrency, that’s today. This article is not about investing, but still, you get the idea. We can’t sell when the bottom is close, even if that’s airdrops or rewarded tokens.
If you plan to work for nothing, then you got everything wrong about cryptocurrency.
Sell as the bull run turns parabolic.
Below is the Axie Infinity (AXS) chart, which airdropped tokens and NFTs back in 2019.
Seriously, you don’t need $1 or $2, and you don’t even need to sell anything for $100 worth of tokens if what you see has potential.
Some of the low-valued tokens you received could be projects with a working product, a decent community, and a constant presence in the crypto news.
We will accumulate anything and only look again at our wallets in 2025.
This is the process whether you invested or not, as some of the coins you will get from all these activities will sustain your investment and allow it to grow during the bull run to heights you never expected.
Closing Thoughts *DYOR
Take some time and focus on the project. Determine the purpose of each project before promoting it for an airdrop.
Read the previous paragraph, too, and realize that sometimes we make unforgivable mistakes. We get discouraged watching prices drop, and we may have to make something out of this, so we will end up selling at low prices, effectively kicking our luck with this approach.
If there’s any other honest approach to earning crypto online (without investment) please leave a comment.
Content published in this article is used for research and educational purposes and falls within the guidelines of fair use. No copyright infringement intended. If you are, or represent, the copyright owner of images used in this article, and have an issue with the use of said material, please notify me.
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Fill Your Crypto “Bags” With “Free Crypto” And Hold As The Next Bull Run Begins
There’s no free meal, but in this case, we can call it “free crypto” since the plan is to earn cryptocurrencies without any other investment but only our free time.
During the bear market opportunities may seem slim, but there are still several out there, and with a solid plan can become quite lucrative.
Airdrops, giveaways, bounties, participation in communities, AMAs, and bounties will only demand some of the time of the hunter and may present worthy rewards.
The best time to begin with cryptocurrency with no investment is now!
The next bull run is getting closer, so accumulating today will bring life-changing conditions in the following two to three years.
As with everything else, there are a few issues, though. For an inexperienced person, it is difficult to recognize the scams that will manipulate their communities and victimize investors.
Thus, a strong sense of accountability should also apply to all those that look into ways to earn crypto.
We present various examples of how anyone can begin earning cryptocurrency in 2023 without any investment.
Earn Cryptocurrency In 2023
Here are some of the ways to earn cryptocurrency online during 2023.
In the past, websites like AirdropsAlert and Airdrops.io used to offer many opportunities with “legit” airdrops. Lately, however, they present obscure giveaways that underdeliver. Still, they are the top two choices in listing new airdrops.
New projects have stopped airdropping tokens as a marketing tactic,
Yet, in 2021 several new projects in new EVM networks like BSC and smartBCH handed out decent rewards to participants.
Sometimes an airdrop can be worth several thousand dollars if the airdrop hunter does not immediately sell at a low price.
There are several airdrop-index websites out there, but they have listed several times scam projects that pose a danger to everyone, thus I can only mention these two that have a better record. Still, exercise caution since the purpose of a project may appear way later.
Once we notice a red flag, hunters should avoid promoting or participating in a project.
Airdrops to avoid:
Avoid DeFi airdrops that ask for trades and volumes. You will end up paying excessively more than the airdrop you will receive while looking for the next Uniswap. Many tried to exploit these airdrops but ended up with a net negative.
Avoid airdrops asking for deposits or initial purchases of their token. That’s never going to end well.
Avoid KYC-related airdrops at all costs. Better to avoid all KYC anywhere online since your data is never safe. Scammers have operated KYC airdrops and abused private documents to facilitate scams and money laundering in the name of the airdrop hunter. You will get in trouble if you send your ID to scammers, so handle your private documents and data with respect.
Airdrop telegram groups
The telegram groups for the two airdrop-related websites mentioned may assist airdrop hunters by receiving notifications regarding new airdrops:
A 4-week Signature Campaign that paid between $1000 and $2000 to every participant
Bounties will always be there, although, as usual, 90% of the projects will fail immediately. Thus, it becomes necessary to follow the right people (the top bounty managers) on these two forums, to increase the odds of success.
a) bitcointalk (forum)
There are two different types of bounties on Bitcointalk:
In general, projects will ask for meaningful contributions by participants. Every week the hunters will fill their links on a google sheet which is the normal procedure to accumulate
In most campaigns, projects will also ask and reward:
New accounts are not accepted, though. If you managed to raise your account to the level of “junior member” you can check this page daily and find out if there are spots available in any campaign. Then, you can submit your entry and wait for validation.
As the name suggests (signature-ad campaign), the task here is to add the banner of a project at the bottom of your posts on the bitcointalk forum and perhaps adding the logo as your profile picture. Also, there is a low limit of posts/comments and instructions regarding each campaign.
Reaching higher than the “member” rank in bitcointalk is out of reach. Do not expect anything better, as it will be a waste of time whether you publish quality content on that forum or not.
Usually, we will find the same bounties with bitcointalk running on altcoinstalk, but for bounty hunters, altcoinstalk may present different opportunities.
Get Notified About New Bounties Immediately
There is also this telegram channel that automatically updates whenever new bounties are published, which can assist bounty hunters receive notifications regarding new bounties:
The beta testing of Cashrain is about to end and registrations will reopen soon. The team is fixing bugs constantly, and CashRain is getting ready to play a central role in the next crypto bull run.
I have “rained” more than $100 in Bitcoin Cash with several Cashrains to hundreds of participants.
Kim Dotcom and many more have already airdropped more than $40,000 in Bitcoin Cash to several participants.
Cashrain is probably the easiest way to earn cryptocurrency (Bitcoin Cash).
Cashrain is right now invite-only. I got no invites left to share, but soon it will allow new people to join.
Bookmark the page here and remember to follow my community too when you do:
As with many other cryptocurrencies, Bitcoin Cash is severely undervalued right now, and rewards received from any platform contain a vast potential for the next bull run.
4. CoinGecko — CoinMarketCap
Earn Cryptocurrency In 2023
Create an account on the top two crypto indexes and accumulate daily points until we find a reward that matters.
Some of the Coingecko early NFTs were selling for $200 and higher on OpenSea in 2021.
On CoinMarketCap, the issue is that the site doesn’t give enough items to exchange the rewards, and upon offering something new, it immediately sells out. Perhaps a process to offer various rewards (tokens, NFTs) and cover demand would make collecting “diamonds” worthwhile.
Coinbase offers sometimes many opportunities to earn NFTs and tokens, while other exchanges also apply similar programs occasionally.
6. Writing Platforms
Hive — Publish0X
Earn Cryptocurrency In 2023
Blogging/writing platforms that pay the users in cryptocurrencies like Hive, Ethereum, etc .
The rewards on both Hive and Publish0x might be small today, but for anyone with time and talent in writing, they present an opportunity to earn cryptocurrency rewards.
While the rewards of $1 or $2 in tokens may look small, the price of many of these can rise significantly.
Make sure to publish content using hashtags of communities like leofinance, neoxian, ecency, proofofbrain which also offer their unique websites to join Hive.
The Hive Keychain is also the best browser-based non-custodial wallet to sign messages for the Hive platform and execute transfers of funds.
Besides these two websites, more platforms may offer contests and campaigns on their websites regarding writing or video content, often with exceptional rewards. Kucoin and Bitswap are two examples.
read.cash — noise.app
For two years noise.cash, noise.app, and read.cash were the best platforms supporting users to accumulate rewards in Bitcoin Cash. However, the reward program has recently ended.
Marc De Mesel was the main donator to these platforms, but the severe drop in the price of Bitcoin Cash also impacted the payment system in both platforms.
Still, anything can change, and the tipping option on both platforms is still active, so anyone can receive a tip from another user at any given time.
Medium
Earn Cryptocurrency In 2023
You don’t earn cryptocurrency with Medium, although you never know! Stripe (the payment processor Medium uses) has already added a USDC ramp, although still not available in all regions.
For the time being, Medium pays in USD and other fiat currency writers in the countries listed above.
Similar is the situation with Vocal.media which also uses Stripe.
Still, these are options that we can add next to any other crypto-related activity, and Medium or Vocal should be next to Hive and Publish0x for cryptocurrency writers.
Distractions: Social Media Giveaways — Faucets — Watching Ads for Rewards
There are always exceptions, but the rule here is that all the above are a waste of time.
Giveaways
Twitter Giveaway Scam
Usually with giveaways, you get fake accounts of the organizers earning the rewards. Such was the case of Waltonchain in 2018, where the controller of the official Twitter account of Walton forgot to switch accounts while cheating at a giveaway (source).
This is not proof that all giveaways are scams, but it is always better to consider most times you waste time seeking giveaways.
However, the source could be a reliable person or a credible project, so perhaps it could be a rare opportunity sometimes.
Faucets
Faucets are an absolute waste of time, although sometimes they can have a small effect to increase awareness of a new project.
For example, read about the first Bitcoin faucet and how it was paying 5BTC to every participant, back in 2010:
Regarding the BAT / Brave rewards, some people seem to think this was worth their time, but they should instead consider the cost of missing out on other activities.
We can categorize watching ads for rewards as a section of worthless online activities. There are so many better opportunities than wasting time like that.
Mobile Earning Apps
None of these work. The time-to-reward ratio is ridiculous, so avoid even looking for earning apps on Android or IOS.
To Maximize Your Gains, Do Not Sell Anything During The Bear Market
Whatever you have earned, even if it is just $1 worth of tokens you got from an airdrop or a giveaway, do not sell it.
Sure, chances suggest most projects will tank and reach zero.
But, those that will survive will present a rare opportunity that will cover up all the losses and also provide vast profit, making hunting worthwhile.
Back in 2019, I made some horrible mistakes like this one:
This was a reward from a Decentraland contest, where my design won one of the prizes.
Yet, I sold these tokens for $151, and today amid this bear market, they are worth $2,300, while during the peak of 2021, they were more than $15,000. I sold for $0.05, and the price reached $5 two years later. A missed 100x opportunity.
An unforgivable mistake since I also believed in Decentraland, supported the project since 2017 and followed developments until 2021.
The wrong mindset prevailed, yet this wasn’t the only time.
So, seriously, it might be useful to learn and calculate market caps, as this is one indicator that tells us when to take a profit. Don’t sell a decent token or coin for peanuts.
You don’t have to experience this either. Don’t sell your airdropped coins for pitiful amounts that will make no difference.
Some projects contain vast potential as they mature.
Sure I made several mistakes, but I’ve made several correct calls as well as buying Ethereum close to $100 in 2020.
If you ask me when to buy or hold cryptocurrency, that’s today. This article is not about investing, but still, you get the idea. We can’t sell when the bottom is close, even if that’s airdrops or rewarded tokens.
If you plan to work for nothing, then you got everything wrong about cryptocurrency.
Sell as the bull run turns parabolic.
Below is the Axie Infinity (AXS) chart, which airdropped tokens and NFTs back in 2019.
Seriously, you don’t need $1 or $2, and you don’t even need to sell anything for $100 worth of tokens if what you see has potential.
Some of the low-valued tokens you received could be projects with a working product, a decent community, and a constant presence in the crypto news.
We will accumulate anything and only look again at our wallets in 2025.
This is the process whether you invested or not, as some of the coins you will get from all these activities will sustain your investment and allow it to grow during the bull run to heights you never expected.
Closing Thoughts *DYOR
Take some time and focus on the project. Determine the purpose of each project before promoting it for an airdrop.
Read the previous paragraph, too, and realize that sometimes we make unforgivable mistakes. We get discouraged watching prices drop, and we may have to make something out of this, so we will end up selling at low prices, effectively kicking our luck with this approach.
If there’s any other honest approach to earning crypto online (without investment) please leave a comment.
Content published in this article is used for research and educational purposes and falls within the guidelines of fair use. No copyright infringement intended. If you are, or represent, the copyright owner of images used in this article, and have an issue with the use of said material, please notify me.
Holding the number one and two spots for overall market cap in cryptocurrency, Bitcoin and Ethereum are often compared against each other.
There’s an ongoing debate over which cryptocurrency is better, but focusing on the individual tokens is only part of what makes Bitcoin and Ethereum different–and incredible.
The Bitcoin and Ethereum blockchains were created for different purposes, so it might be more useful to understand what makes each unique, what makes them different, and what that means for you.
What is Bitcoin?
A quick note on capitalization: Is it better to buy Bitcoin or Ethereum? with an uppercase B refers to the blockchain network and protocol, while bitcoin with a lowercase b refers to the cryptocurrency that is used on the Bitcoin network. BTC also refers to the bitcoin token.
As a blockchain protocol, Bitcoin acts as a settlement system that validates and records transactions between users on the network. The Bitcoin protocol is responsible for generating new blocks and working with miners to mint new BTC, while distributing copies of the ledger across all nodes (computers that verify transactions).
As a cryptocurrency,
bitcoin is a peer-to-peer digital cash system, intended to be used as an alternative to traditional fiat currency like the US Dollar. Since BTC has a finite supply and takes work to create (more BTC can’t just be issued at any time), it’s often compared to gold.
BTC is the only token on the Bitcoin network, and is created through mining. BTC is also used to pay transaction fees to miners when they generate new blocks, and can be used as a medium of exchange or long-term store of value.
The world of cryptocurrency is constantly evolving, and two of the most popular digital currencies are Bitcoin and Ethereum. Both Bitcoin and Ethereum have been around for a while now, and they are both widely used and accepted by many businesses and individuals. But which one is better? Which one reigns supreme in the world of crypto? Let’s take a closer look.
Bitcoin
Bitcoin is the world’s first and most well-known cryptocurrency. It was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin is a decentralized digital currency, which means it is not controlled by any central authority or government. It uses a peer-to-peer network to verify transactions and maintain the blockchain, which is a public ledger that records all Bitcoin transactions.
Bitcoin is often referred to as “digital gold” because it is designed to be a store of value. It has a limited supply of 21 million coins, and the supply is gradually decreasing as more coins are mined. Bitcoin is also highly secure, with transactions being verified by a network of computers around the world.
Ethereum
Ethereum, on the other hand, is a decentralized platform that allows developers to build decentralized applications (dApps) on top of it. It was created in 2015 by Vitalik Buterin, a Russian-Canadian programmer. Ethereum uses a blockchain to record transactions, but it is more than just a currency. It is a platform that allows developers to create smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.
Ethereum’s native currency is called Ether, and it is used to pay for transactions and computational services on the Ethereum network. The supply of Ether is not limited like Bitcoin, and there are currently over 115 million Ether in circulation.
Bitcoin vs. Ethereum
So, which cryptocurrency reigns supreme? It really depends on what you are looking for. If you are looking for a store of value, then Bitcoin is the way to go. Its limited supply and high level of security make it a safe investment for those looking to hold onto their wealth.
On the other hand, if you are looking for a platform to build decentralized applications, then Ethereum is the clear winner. Its smart contract functionality allows developers to create a wide range of dApps, from decentralized finance (DeFi) platforms to non-fungible tokens (NFTs).
In terms of market capitalization, Bitcoin is still the king, with a market cap of over $1 trillion. Ethereum is not too far behind, with a market cap of over $300 billion. However, Ethereum has been gaining ground in recent months, and some experts predict that it could eventually overtake Bitcoin as the dominant cryptocurrency.
Conclusion
Bitcoin and Ethereum are both excellent cryptocurrencies with their own unique strengths. Bitcoin is a great store of value, while Ethereum is a versatile platform for building decentralized applications. Ultimately, the choice between the two comes down to your personal preferences and investment goals. Whatever you choose, make sure to do your research and invest wisely in the exciting world of crypto.
Extreme fluctuations in the price of bitcoin often beg the question: Is BTC still worth buying?
If you’re not familiar with Bitcoin, we recently published Bitcoin, Explained that shares the basics of Bitcoin and how it works.
Here’s a quick recap:
Bitcoin is a blockchain network, while bitcoin or BTC is a cryptocurrency.
BTC has largest market cap of any cryptocurrency.
BTC enables users to access a transparent, borderless and permissionless store of value.
With a little more understanding of what it is, here are two common reasons people buy BTC.
The blockchain itself
As a pioneering blockchain, Bitcoin has a great status among the various blockchains and has never gone down since it launched in 2009.
At its core, Bitcoin is a ledger that records and validates transactions using cryptography. This ledger shows which wallets hold bitcoin and how much they hold, without revealing the identity of the wallet holder.
This makes Bitcoin:
Decentralized. No singular person, organization or government controls the Bitcoin network, making BTC a digital asset for anyone, anywhere.
Transparent. For Bitcoin, its code is its law, and its code is public–anyone can see how the system works, unlike governmental finance.
Immutable. All transactions on the Bitcoin network are verified by other users, and anyone can view those details, protecting the network from manipulation or falsification.
Unlike fiat currency, which is created and controlled by a centralized organization like a government, Bitcoin is supported by the users. No custodian, such as a bank, is needed to use it, and regulation doesn’t stop the protocol.
Even in the few countries where bitcoin is banned, the Bitcoin network still functions because it lives outside of the traditional financial system.
When you have a non-custodial wallet, like the Blockchain.com Private Key Wallet, you can interact with Bitcoin anywhere you have internet access.
This makes bitcoin a currency of freedom: free from censorship, free from capital controls, and free from manipulation.
BTC is a store of value
BTC is sometimes compared to gold because it has a limited supply, it’s difficult to mine, and it’s not controlled by a central authority.
Unlike gold, though, bitcoin is much easier to transport and transfer, regardless of physical location, and it’s easily divisible. BTC can be broken down into satoshis, or sats; one bitcoin is equal to one hundred million sats.
With greater global adoption of bitcoin, and its built-in scarcity, the demand and value of BTC could increase over time, making it a viable store of value.
Finally, bitcoin can’t be counterfeited. All transactions are recorded on the blockchain, showing where and when funds were sent. Anyone trying to send the same bitcoin to multiple addresses (double spend) would be highlighted to the network, since all transactions in a block are verified by other nodes before being added to the blockchain.
Bitcoin’s Proof of Work consensus mechanism means that any bad actor trying to reverse previous transactions would need to spend billions of dollars to rewrite the ledger because they would need to match at least 51% of the total computing power of the network (the majority).
All of these attributes make bitcoin a viable store of value as a digital currency.
How to buy BTC
If you’re interested in buying bitcoin, create a Blockchain.com Wallet now.
In your Blockchain.com account, you can purchase bitcoin using your custodial wallet, then move it into your Private Key Wallet, a non-custodial wallet where you hold the keys to your crypto.
You can also set up Recurring Buys to use a dollar cost averaging purchasing strategy to automate your bitcoin buys to make incremental purchases over a long period of time.
This information is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax or financial advice from a professional advisor.
Why do people buy bitcoin? was originally published in @blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.
