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Cryptocurrency Strategy for Beginners - #CryptoTrading

Lo and behold, there is a strategy even to hodling.
Strategy     · [basics]  · Author: cryptolounge  · Guest author: cryptolounge

It’s not only that crypto trading is not for everyone. The truth is that sometimes there is just not a good opportunity to trade: Too choppy, too aggressive stop hunts, volume too thin.

So, how can you turn a profit on your crypto when you don’t want to trade with your holdings?

Build a ‘hodl’ strategy

This is the simplest method ever. The basis of it is simply to decide whether you think a cryptocurrency is worth keeping for the long run, and hold it in your wallet.

With only a little more effort in your crypto holding strategy, you can make the actual profit taking much simpler for yourself:

  • First, look for good fundamentals like network effect, resistance to bad news, a use case showing that it’s more than a vaporware.
  • Once you find cryptocurrencies you want to keep, decide on how long you are willing to hold them. Ballpark is good enough: A decade? A year?
  • Next, split that period and make a mental note on how often you will re-evaluate your investment. You could go with seasonal cycles - 6 months, 1 year, or a halving cycle.
  • Every time your point of re-evaluation comes, you can decide to rebalance and take out your principal amount from the profits, or to just keep holding.

Lending your crypto

If you have significant amount of Bitcoins (or Ether, or any other cryptocurrency that is traded on an exchange) you can lend it to crypto traders and other people who will pay you interest.

There is a range of lending platforms where you can do this. There are places like Ethlend where you can lend a range of some 250 ERC-20 tokens. You can also go for margin and swap funding options for major coins via exchanges like Bitfinex, Bitmex, Poloniex etc.

For the lazy people who do not want to manually manage the lending stuff, a crypto lending bot can take care of it either for free or for a small fee.

The costs depend on whether you will go for an open-source code from Github that you will have to set up and configure yourself, or if you will go the easier way of a commercial product.

Running a Masternode

A masternode is simply a cryptocurrency full node with a wallet that keeps the full copy of the blockchain in real time. By that it supports the coin’s network by hosting a full copy of the ledger.

A masternode must be always up and running and is required to perform certain special tasks in various cryptocurrencies. You as the masternode owner get compensated for your masternode doing these tasks.

Keep in mind that most projects have different amount of coins to be held in the node wallet as a minimum to start running your node as a masternode.

Also, the requirement of being up and running 24/7 might be a bit discouraging.


Staking might be the easiest way to get some extra income on some of the cryptocurrencies you hold.

It is in fact less work than holding, because it requires no strategy or evaluation - as long as you are primarily collecting more of a coin.

In order to be able to start staking, your selected coins have to follow the proof-of-stake consensus mechanism (this is the only way for stakers to be rewarded and the blockchain to be secured at the same time).

If you own the proof-of-stake coins, you just keep them in a staking wallet to generate new coins. No effort included, no minimum limit on how much of the coin you have to hold to be able to stake.

You can earn some 10% extra coins in a year by just holding and staking them. It is like a regular dividend or profit on your cryptocurrencies.

Mining and other early opportunities: Bounties, Rebates, Cashback…

Mining of the most popular proof-of-work coins (like Bitcoin) is a by and large a lost case unless you are in special circumstances. These days, mining is only really profitable if you are a big player, but if you have cheap electricity and a decent gaming PC you still can make a small profit on it.

However, the entry barriers are serious, so mining is usually limited to mining farms and professionals. There are also some cloud mining services but when you look into their terms of use you will quickly notice you will not make a single penny on it.

If you have mining rigs and cooling stuff left over from when small scale Bitcoin mining still paid, you can still turn some profit with that on the altcoin markets. There are new proof-of-work cryptocurrencies still being launched where you can get in early. On AltcoinTrading.NET, you can sometimes find out about these new coins if you browse the Crypto Airdrops section.


Last added to Crypto Airdrops, Bounties & Opportunities
Name Date How to access Official URL Additional Info
PRIMEDICE 🔥Birthday Crypto Bonus May 12 - May 19 2020 Registered Primedice accounts are getting a VIP bonus every day for the next seven days. This Primedice bonus campaigns is released to the occassion of the 7th birthday of the dice platform. details make acct
OKEx Crypto Signup Bonus Bonus for Signup OKEx, formerly called OKCoin and known as OKCasino, was the BitMEX of 2015 but has fallen out of favour since. They are now running a similar campaign as Coinbase did to get their signup rates up: If you sign up and buy 100 USD worth of BTC, you get 10 USD bonus. details make acct
Cloudbet Turbo Thursday Reload Bonus Every Thursday between 05:00-23:59 UTC Make a deposit of 0.1 mBTC or more today, Cloudbet gives you a 100% Reload Bonus of up to 50 mBTC/1 BCH. Remember you must activate the bonus in your player dashboard before making a deposit for the bonus to be credited! The bonus is only available for the Casino, not the Sportsbook. details make acct
CPD project airdrop to BTC holders At BTC halving block CPD project airdrops tokens at BTC halving to anyone who signups with an ETH address and submits a BTC address that is verified via a signed message. The project aims at creating less monopolized internet environment for innovatiove development. details make acct
Ethermon.io ChainGuardians Discord Airdrop and Signup Bonus April 2020 Ethermon announced on Apr 13 that some of their Mons will be part of a new blockchain RPG game developed by ChainGuardians. There is a discord promo for this launch: On the launch date of the ChainGuardians Official NFT Sale, 150 EMONT will be airdropped to the first 10 people who post a screenshot on Discord fighting a Zedakazm within the ChainGuardians RPG along with proof of purchase (TXID)of any ChainGuardians bundle. The signup bonus is to play ChainGuardians game logged in via an anonymous identity from SafeName.io. You get 100 FREE CGC valued at 0.05 ETH, the link to claim is at the page where you land after confirming your email. Signup at Ethermon Go to Safename.io
Blockstack Free crypto airdrop Jan - Feb 2020 The webwallet blockchain.com is giving away free Stack $STX crypto to their Gold users. The Gold level requires an ID scan and selfie. details make acct
New non-custodial anonymous peer-to-peer Bitcoin trading Opened 19 Nov 2019 If you miss the heyday of LocalBitcoins where anyone could buy BTC locally for cash (which has been banned since this summer) and anonymously (now site-wide KYC is required, plus allegedly LocalBitcoins have been working with three-letter agencies), since 19th November you have the chance to go back in time and buy your corn without ID again - at least for some time. You know that good things like this don't last ... The former ETH marketplace LocalEthereum rebranded to LocalCryptos and offers local and anonymous BTC trading with fully automated escrow that is built natively on BTC blockchain - because bitcoin's smart contract scripting capabilities are good enough for simple stuff like escrows. You can even import your vendor reputation from LocalBitcoins. The reputation import is done via adding a unique code to your LBC profile page, not by linking anything directly, but still in case you like your privacy it's probably only a good idea id you never ID'd on LocalBitcoins. details make acct
Crypto Flowers dApp Game event 12 - 22 Dec 2019 Play the Crypto Flowers TRON version of the dApp game any time between 12 and 22 December to enter the Prize Pool of 100`000 TRX. Just collect and breed flowers and have a chance to win prize pool, no special action needed. details make acct
POOL-X exchange listing promo Daily until listing POL has a random twitter draw of users who post a POOL-X graphic design every day until their token listing on the KuCoin exchange. You need to sign up via Google form and have a KuCoin account. form make acct
Verasity New Triviata Competition November 5 at 00:00 UTC - November 20th 00:00 UTC Verasity is a token-based platform for the attention economy. They always engaged a lot with the community and organized several airdrop and competition campaigns so far. The current two-week campaign relates to the Triviata app (iOS/Android). Sign up and enable your game participation in the app profile, and you get the chance of winning prizes with 4000 USD in total. Even if you don't win though, participating will earn you tokens that can be staked in the official wallet for over 30% yearly earnings. join about
Bethereum Price Pool on VK November 2019 There are regular competitions with the total pool of prizes worth 40K Bether if you join the gaming platform's VK channel. details make acct
Brave New Coin Challenge Until the end of the year The crypto market data provider is giving away small amount of their tokens if you add people to their telegram group. register telegram
FanEspo Big Competition (ERC20) All the time Fanespo is launching a new promotion contest worth $500 in FAN tokens. Details will pop up on you when you sign up on site. Overall, the eSports platform FanEspo is giving away the total of $1.6 million of tokens in contests. You need to have a FanEspo account. details make acct
Atomars Opportunity Launch promo There is a new altcoin axchange launched that now offers zero-fee trading, and possibly thinner markets for the market makers around. details make acct
Keybase Stellar Lumens Drop 11 September 2019 & Onwards The Keybase team announced a surprise airdrop worth 21 USD in XLM to all account holders who ever installed the Keybase app. To get the Lumens, you need to sign in again and claim them - you should have received a bot message with instructions. Keybase has been funded by the Stellar Developer Foundation for years and so this collab is not a one-off. You can choose to keep participating in the Lumens airdrop by using Keybase, the total dollar worth each user can get is 500 USD. New accounts can still participate as long as they have a Github or HackerNews account created before 9 September 2019. more join
BlockWage Airdrops + Bounties Recurring Platform for freelancers marketplace. Airdrops randomly announced via Discord, there's also the possibility of Masternodes. join web
Vaultoro Token Launch Promo September 2019 The crypto-gold exchange Vaultoro has been around for years, getting attention in the 2015 bear market and tagging along through the subsequent bull run. They are now launching their own exchange token which you can get for free if you don't have an account yet. Every new sign up with basic ID verification gets 200 VAULT tokens. homepage make acct