Crypto market is risky. Yet, it is one of the most profitable markets humanity has ever invented. How to invest in cryptocurrency so that your money was safe and you could get the most income? Let’s find out. The hype around cryptocurrencies has become so widespread that everyone wants to invest today. Hearing of all those 10x, 20x, 100x made on some unknown meme coins can be rather disturbing. Someone is already driving a brand new Ferrari while you still go to work every day. Why not try to succeed by yourself? It's tempting isn't it? But mind the risks. The amount of money actually makes no difference - besides the sum of your losses, of course - if you are unfamiliar with the basic principles of crypto finance. The thing is that crypto has been - and still is to a certain extent - the playground for enthusiasts. There are many things that beginners can trip over. You may not understand the crypto lingo well enough. You can become a victim of a scam. You can mess up with settings in your crypto wallet. You might accidentally send assets to a wrong crypto address. Plenty of things can happen. And almost all of them will lead you directly to financial losses. What can you do to avoid such troubles and how to invest in cryptocurrency with minimal risks? Let’s take a look at the most common mistakes novice investors usually make. 6 Biggest Crypto Investing Mistakes and How to Avoid Them It’s very easy to get caught up in the hype of news headlines. Crypto mistakes are startlingly common, and below we list some of them. Don’t buy crypto just because the price is low Low prices can be a great seduction. Especially if the coin is falling. It is easy to think that a low price is a great bargain. While sometimes it might be true, mostly prices are low for a reason. Some cryptocurrencies are just losing popularity. You have to try to understand if this is just a price hike and bounce or the coin is just falling at user rates. Some cryptocurrencies are dropped by developers. Later they might be considered dead, but you can be one of those who jump at the wagon going nowhere. Don’t go ‘all-in’ if you are not sure Many trading platforms are eager to squeeze as much money from you as possible. To do that they always make it look like the only option is to invest as much as possible. They say it will maximize the profits, usually not mentioning that it will maximize the losses also. You must remember betting as much as possible is a quick way to the poor house. Crypto investing is not gambling by any means. Do not think crypto is easy money Nothing related to crypto can be considered as easy money. No matter how exactly you are trying to invest, be it simply buying and holding or trading, investing in crypto is just as serious a business as investing in stocks or  commodities like silver and gold. If you meet someone who says something different you should understand he or she is probably trying to trick you into making crypto mistakes. Do not fall into scams Please remember, the more attractive the deal looks, the more potentially dangerous it is. Most of the scammers use the attractiveness of the deal as their main weapon. For instance you might receive an email with an “investment opportunity” promising huge income or telling you that if you send them crypto they will double or triple the amount. Offers of free money should always be viewed with great skepticism. As well as the opportunities with less known tokens that suddenly skyrocket. One day someone will come to you pointing at a coin that is gaining 200% a week. That might sound like a great chance to invest. But criminals often easily inflate or deflate the price of very small or unknown cryptocurrencies. There are cases with scammers pre-mining some currency, then skyrocketing it to sell all they have got at the peak to somebody like you, who thinks this coin will still rise. You have to be very careful before buying some crypto you have never heard of. There is also a huge problem with crypto wallets. While there are a large number of famous and well respected wallets, such as Ledger, Exodus, Edge, MetaMask, there are plenty of less known entities.  Most of them reside in the App Store and Google Play. Every once in a while you can hear stories of some wallet stealing assets from the users. You can avoid that by carefully choosing a wallet to trust your assets. Don’t forget or lose your crypto keyphrase No matter how carefully you have chosen the wallet, if it is custodian or hardware, then you are the only keeper of the secret keyphrase. Forgetting your keyphrase is like losing the keys to a bank vault. Without your keyphrase, all your cryptos will be irretrievable. Best crypto wallets always remind you to keep the keyphrase safe, but many users don’t pay much attention. And it is also important to notice that the keyphrase should be stored offline. Not in your email where it could be easily stolen from.  Send crypto only to verified addresses The address is crucial to the way cryptocurrencies work. Sending assets to a wrong address will in most cases result in their irretrievable loss. Most wallets will remind you to double check the address when you send the assets. But still it is you and only you who is reliable for the final result. Crypto addresses are long and tricky, so it is always safer to copy and paste them rather than type them in. But sending to a wrong address is a potential mistake not only because of the misprints. There is another danger. You can send crypto to the wrong network. It is not likely to happen when you are sending crypto that uses just one network or a few that are interchangeable. But if you are sending, for example, a stablecoin like Tether (USDT) you must be extremely careful. Tether could be sent via different blockchains and if you send it to the wrong one, the coins will be lost forever. Large exchanges like Coinbase have built systems to protect users from such mistakes. You can simply send crypto to a user chosen by his username rather than his wallet’s address. And the exchange’s software will automatically define the correct network to transfer the coins to the appropriate wallet that belongs to that user. Of course, such a technology brings another danger as you might send your crypto to a wrong username. So careful checking of the address or a username of the recipient is of paramount importance. Check everything twice before sending crypto. Takeaways Crypto is no easy game. It might give you enormous, almost marvelous opportunities to get rich. But it can also be a source of great disappointments. Be careful making important decisions. Don't fall into scams and don't think crypto is easy money.

Michael Saylor, executive chairman of MicroStrategy and a prominent crypto bull, just outlined 21 rules of HODling Bitcoin. Some of them might seem quite trivial. Yet, some of them are absolutely brilliant. Check them out. Saylor was a gem of the recent BTC Prague conference. His keynote was captivating. And some of the things he said might have a huge impact on the market. At least in short terms. What's worth at least Saylor's fantastic prediction of Bitcoin reaching the $8 million per coin mark Or not so fantastic? But another part of his speech might have a bigger impact in long terms. Saylor presented his vision of “21 Rules of HODLing Bitcoin.” Biggest bull on the market, Saylor outlined strategies for managing and sustaining investments in a highly volatile environment. He articulated a philosophical and strategic framework for understanding and investing in BTC. According to Saylor, Bitcoin is so much more than just money. Saylor thinks of Bitcoin as of a financial asset but as a revolutionary tool capable of reshaping global financial paradigms. These rules were consisely summarized by Luke Broyles and published via X. Here they are with comments from market observers. 21 rules of HODLing Bitcoin, according to Michael Saylor #1 “Those who understand buy Bitcoin, those who don’t criticize Bitcoin,” Saylor declared, setting the tone for his discourse on the dichotomy between skeptics and proponents. He argued that recognizing BTC’s potential is akin to seeing a paradigm shift before it fully unfolds. #2 "Everyone is against #Bitcoin  before they are for it." Reflecting on his initial dismissive stance in 2013, Saylor recounted how his view evolved as BTC’s resilience and potential became increasingly evident. His personal journey from skepticism to advocacy underscores a common path among investors who often transition from doubt to strong support. #3 "You will never be done learning about Bitcoin,” Saylor stated, emphasizing the complexity and ever-evolving nature of the cryptocurrency. He suggested that BTC’s intersection with global economics, technology, and regulatory frameworks makes it a perpetually relevant subject for study. #4 Drawing historical parallels, Saylor highlighted moments of significant upheaval, such as WWII and the rise of communism in Europe, to illustrate BTC’s value as a non-geopolitical, stable store of wealth. “Buy BTC because entropy is guaranteed,” he asserted, suggesting that Bitcoin provides a safe haven in times of disorder. #5 According to Saylor, BTC offers an equitable opportunity in contrast to traditional financial systems, which he views as inherently skewed against the average person. “Bitcoin is the only game in the casino that we can all win,” he noted, framing it as a uniquely fair and transparent financial instrument. #6 He advised taking a proactive approach to investment, saying, “Bitcoin won’t protect you if you don’t wear the armor.” This analogy was used to encourage substantial, thoughtful investment in Bitcoin to safeguard one’s financial future. #7 Saylor passionately argued that Bitcoin enables a form of ownership unmediated by any third party: “Your cryptographic keys in your head are your wealth.” This, he claimed, is a radical shift from the way assets have been controlled and protected throughout history. #8 Reflecting on the volatility and growth trajectory, Saylor shared a personal anecdote on how he dismissed BTC at $892 to only deserve buying it at $9,500 for the first time. “Everyone gets Bitcoin at the price they deserve,” he remarked. “He then said when Bitcoin is $950,000 people will try to wait for it to crash to $700,000. Then BTC would go to $8,000,000,” Broyles reiterated. #9 Saylor advised only investing money that one can afford to lose, highlighting the conservative approach to adopting new financial technologies. This rule underscores the balance between visionary investment and financial prudence. #10 Describing fiat currencies and traditional economic indicators as “the matrix,” Saylor championed Bitcoin as a means to transcend conventional financial systems. He sees it as not just a technology but a liberation from the restrictive narratives imposed by traditional economic structures. #11 Saylor shared insights from personal experiences where Bitcoin’s impact on his company’s financial stability was profound. “Without BTC, MSTR would have failed,” he disclosed, illustrating the direct impact of strategic Bitcoin investments on corporate finance. #12 Saylor projected a conservative 24% compound annual growth rate (CAGR) over the next decade, setting a potential valuation benchmark and underscoring his confidence in BTC’s sustained growth. Notably, this would price BTC at $600,000 by 2034. #13 Saylor described the current economic system as flawed, seeing BTC as a cure for these inherent issues. “The cure to economic illness is the orange pill,” he said, promoting it as a revolutionary technology that offers a radical update to outdated economic practices. #14 Rather than attacking the fading fiat system, Saylor urged for a positive approach: “Be for Bitcoin, not against fiat,” emphasizing the importance of building a new system rather than destructively opposing the old. #15 According to Saylor, “Bitcoin is for everybody.” He projected that digital capital like BTC could eventually represent half of all value in a future, yet-to-be-imagined world economy, which would significantly drive up its price. #16 “Learn to think in Bitcoin,” Saylor advised, encouraging a shift in perspective to view future technologies and paradigms through the lens of BTC, rather than trying to fit new innovations into old frameworks. #17 “You don’t change Bitcoin, it changes you.” Saylor highlighted how BTC challenges individuals to rethink their approach to money, value, and investment on a global scale. #18 “Laser eyes protect you from endless lies.” Saylor underscored the importance of maintaining focus on the long-term potential, especially when its market price reaches landmarks like $100,000 or $1 million. He envisioned a future where BTC’s market cap could escalate to between $100 trillion and $500 trillion. #19 He cautioned, “Respect Bitcoin or it will make a clown of you.” This rule was a warning against underestimating BTC’s impact and the foolishness of mocking an emerging financial technology that has substantial backing and proven resilience. #20 “You do not sell your Bitcoin.” Saylor likened selling BTC to self-sabotage, suggesting that it is a foundational asset for long-term financial security, much like a life raft in an ocean or a fire in winter. #21 Finally, Saylor concluded with, “Spread Bitcoin with love.” He stressed the importance of patience and kindness in promoting BTC, especially towards those who are initially critical or dismissive of its benefits.

Bitcoin has brought enough change to the world for his creator to become a legend. Who is Satoshi Nakamoto and will we ever find him? And does the CIA have anything to do with it? Satoshi Nakamoto might one day be awarded a Nobel Prize for Bitcoin. Of course, if he ever shows up. Because, you know, these prizes are never awarded anonymously. The fact that in the age in which it is extremely hard to be anonymous, the identity of the Bitcoin creator is unknown tells a lot. No wonder there are plenty of theories about who Satoshi Nakamoto is or was. Some of them are very well reasoned. Some are just preposterous. But still the Bitcoin itself is such an extraordinary revolution that nothing related to it should be approached with ordinary standards. Let’s take a look at some of the most wild theories about who Satoshi Nakamoto is. Satoshi Nakamoto created Bitcoin - what do we know for sure Thirteen years ago a person or group of people using the name Satoshi Nakamoto released a paper describing a new software system called Bitcoin. Bitcoin has sparked a phenomenon that, its proponents believe, might rewire the entire global finance. Today Bitcoin is worth more than $1 trillion. Plenty of competitive cryptocurrencies have appeared. Apart from cryptocurrencies, Blockchain has lit the way for blockchain technologies. Blockchain is now widely adopted in many fields that are not related to finance. NFT (non-fungible token) is also a product of the blockchain technology. And the arising Metaverse is something that can be hardly imagined without blockchain or cryptocurrencies. So how come we still do not know who invented Bitcoin? Who actually is Satoshi Nakamoto? His public life was pretty short. Here is the list of things he had done before he vanished. The public life of Satoshi Nakamoto On Oct. 31, 2008, Satoshi Nakamoto sent a paper to a group of cryptographers. It contained just nine pages outlining a new form of “electronic cash”. This is when the name Bitcoin first appeared. At the time nobody asked questions about Satoshi Nakamoto’s identity. On Jan. 9, 2009, Satoshi Nakamoto launched the Bitcoin network. A few cryptographers helped him remotely to get the network running. The first Bitcoin transaction went from Satoshi Nakamoto to one of those scientists. December, 2010, Satoshi Nakamoto stopped posting publicly. He had published messages on forums and exchanged private emails with the Bitcoin developers until he passed leadership of the project to a software developer Gavin Andresen. None of Satoshi Nakomoto’s messages ever mentioned anything personal. All of them have been thoroughly analyzed since then, but there aren’t any clues to who Satoshi Nakamot is. Everything he ever wrote was about bitcoin and its code. It is impossible to find out who registered the website that Satoshi Nakamoto was using to promote his ideas to developers. Two email addresses his letters came from also vanished. One possible clue to Satoshi Nakamoto’s identity might be hidden in his personal wallets. Yes, Satoshi Nakamoto disappeared having mined over 1 million BTC. These coins have not moved yet. Today those BTC are worth about $55 billion. That would make Satoshi Nakamoto one of the 30 richest people in the world. He actually could have bought Twitter instead of Elon Musk, if he wanted. Whoever moves these tokens now would probably be Satoshi Nakamoto. What is the reason for Satoshi Nakamoto to hide his real identity? In the early years, members of the cryptocurrency community assumed that Satoshi Nakamoto remained anonymous mainly out of fear. He could be afraid of getting arrested or something. It was yet to be seen if Bitcoin would be widely accepted and not approached as something illegal and criminal. Who is Satoshi Nakamoto? What are the most relevant theories? Over the years many people were pegged as “the real Satoshi Nakamoto”. At the same time many people have voluntarily claimed to be him. And in all the cases there was not enough evidence. Who is Satoshi Nakamoto if not Dorian Nakamoto? Dorian Nakamoto, who graduated in physics from California Polytechnic and worked on classified US defense projects, is a Japanese-American scientist. He clearly showed libertarian leanings, just as Satoshi Nakamoto in his papers. This version seems to be the most reasonable. Even Newsweek claimed Dorian Nakamoto to be “that Nakamoto”. Back in 2014, the magazine made the first high-profile attempt to reveal the identity of Bitcoin's founder. That was a clear sign that Bitcoin was going mainstream. But Dorian Nakamoto denied the claim. He told media he had nothing to do with Bitcoin. Hal Finney was Satoshi Nakamoto? One of the earliest theories claimed that the answer to the question of who Satoshi Nakamoto is was pretty obvious. Hal Finney, a cryptographer who worked with Satoshi closely in the early days of Bitcoin, was the first suspect. Satoshi Nakamoto allegedly made his first Bitcoin transfer to Finney. Why wouldn’t we assume that there was no mysterious Bitcoin creator with Japanese roots? Maybe Hal Finney is Satoshi Nakamoto? Finney denied such allegations. He died in 2014, so even if he was Satoshi we will probably never find out. And those $55 billion will remain untouched forever. Gavin Andresen is Satoshi Nakamoto? Andresen is alive and has always denied any possibility for him to be Satoshi Nakamoto. There hasn’t been evidence to prove otherwise. The main reason why people keep thinking of Andresen while trying to answer the question “Who is Satashi Nakamoto” is that Andresen is the person responsible for Bitcoin development in 2011-2012. Exactly when Satoshi was already absent. Andresen became “core maintainer” and chief developer of the open source code that defines the rules of Bitcoin. He used Satoshi Nakamoto’s legacy and diligently worked full-time on the Bitcoin code for years. Andresen conceived the nonprofit Bitcoin Foundation which is now the closest thing to a central authority in the world of Bitcoin. He denied the claim that he was Satoshi Nakamoto. But many people think that even if he isn’t the mysterious creator of Bitcoin he might still know who Satoshi Nakamoto is. Nick Szabo is Satoshi Nakamoto? Nick Szabo is a computer engineer who had actually worked on something very much like Bitcoin years before Satoshi Nakamoto appeared. He conceptualized a decentralized currency he called Bit Gold. It has some obvious resemblance with Bitcoin. And he proposed an idea of smart contract in 1996. No wonder many experts started seeing a possibility for Szabo to be Satoshi Nakamoto. In 2014, a group of researchers at Aston University in Birmingham, England, carried out a linguistic analysis of all the correspondence of Satoshi Nakamoto in the early days of Bitcoin. The researchers concluded that Szabo was most likely to be Nakamoto. Szabo has denied the claim. No other evidence to that theory has ever been published. Elon Musk mentioned Szabo in one of his interviews as a possible candidate for the role of Satoshi Nakamoto. He claimed Szabo was “more responsible for the ideas behind Bitcoin than anyone else.” Craig Wright is Satoshi Nakamoto? This is a more interesting story. Craig Wright is an Australian programmer who lives in London. In 2016 he claimed to be Satoshi Nakamoto. The Bitcoin community did not give him a warm welcome. His claims were quickly rejected. Wright was eager to stand with his claims. He even pledged to prove he was Nakamoto by moving some of those early bitcoins. He also sued some media who tried to announce his claims false. Yet to this date, he hasn’t done anything that could make us believe he actually is Satoshi Nakamoto. Even the British judge ruled that Craig lied about being Bitcoin creator. Dave Kleiman was, well, a part of “Satoshi Nakamoto”? Wright’s story seems a bit more intriguing when you remember the Florida lawsuit. Wright himself was sued by the family of his deceased colleague named Dave Kleiman. The suit claimed that Wright actually had been developing Bitcoin together with Kleiman. And as a result of this business partnership Wright owed Kleiman’s family half of those Bitcoins they had mined. There was a trial process, almost Hollywood alike. But the jury found no evidence that Wright and Kleiman were Bitcoin creators, separately or jointly. Could Elon Musk be Satoshi Nakamoto? That might be one of the weirdest ideas ever. But still some people think Elon Musk could have something to do with Bitcoin development. The theory has been around for years. However, Musk has denied these allegations. His direct answer to one of his Twitter followers points to a fact that Musk does not own any BTC. Of course, putting Musk in charge of literally everything now is quite trendy. Recently a theory has been announced that claims Elon Musk and Vitalik Buterin are responsible for Shiba Inu. Seeing Musk as Satoshi Nakamoto is something any of his true fans is eager to do. Musk is a genius, right? He put us all into electric cars, he is about to send humanity to Mars. Why couldn’t he also invent the revolutionary cryptocurrency? But no matter how attractive this idea might seem, we have absolutely no evidence for it whatsoever. Who is Satoshi Nakamoto? Nothing but a puzzle! Well, that’s another wild theory. Years ago some people supposed that Satoshi Nakamoto might be a group of people actually hiding behind that name. If the theory is true, the name Satoshi Nakomoto might not mean anything at all. For instance, it could have been taken from the phone book. Or it may be a puzzle. What if people from that mysterious group of thinkers not only created Bitcoin but also tried to tell us something with that strange name? Could “Satoshi Nakomoto” be just a puzzle? Well, if it is. What does it tell us? At the moment, there are two quite wild theories about that puzzle. According to the first of them, in Japan names are presented by surname first. So we need to write it as Nakamoto Satoshi. If you take a Japanese dictionary and look up the word Nakamoto you will find it means “central origin”. Looking up the word Satoshi gives us “wise” or “clear thinking”. You could also derive the word “intelligent” from it. So adding a little imagination could easily lead you to assume that Satoshi Nakamoto is Central Intelligent. Which basically means we are talking about the CIA. Another conspiracy theory shows that Satoshi Nakamoto could have been a corporate consortium. The name Satoshi Nakamoto, in this theory, derives from these four names: SAmsung, TOSHIba, NAKAmichi MOTOrola.

The world went completely nuts over NFTs back in 2021. The hysteria then kind of went into hiatus with episodic spark of a flame. Yet NFTs still can be a rather good investment, of course, if you know what you're doing. Non-Fungible Tokens (NFTs) might not seem the golden opportunity as of now. But they still attract investors, artists, and entrepreneurs of all sorts. Navigating this space might seem complicated and frightening. Even if you have some experience as a cryptocurrency investor, you will soon feel that NFT world is so much different from what you know. But with the right approach, NFTs might be a profitable venture. Here's what you should know for starters. What is an NFT? A Non-Fungible Token (NFT) is a unique digital asset that represents ownership or proof of authenticity of a specific item or piece of content. It is stored on a blockchain. Just like any other crypto asset. But unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are distinct. Think of a Bitcoin as a dollar bill. Any dollar bill has an equal value to another dollar bill of the same nomination (i.e. 100 dollars always equals another 100 dollars). Think of an NFT as a unique golden necklace. While gold itself might have a specific price at the moment, it is the style of the necklace, the mastery of a craftsman, that define how much it actually costs. And you can't compare one necklace to another just because they have roughly the same weight. Each NFT has unique properties and metadata that distinguish it from other tokens. There will be no two interchangeable NFTs. Ever. Thus, NFTs are a perfect too for representing digital art, collectibles, music, virtual real estate, and more. NFTs are stored in a decentralized manner. You can always show a definitive proof that you - and only you - are the real owner of this specific NFT. Since their inception, NFTs have massively changed the landscape of the digital art. Specifically, NFTs changed the way digital content is bought, sold, and owned. Creators can monetize their work directly. No traditional intermediaries required. But there is another unique feature that makes NFTs an undisputable part of the crypto future. Thanks to smart contracts NFT creators can retain royalties on secondary sales. It means that having created an NFT, you can define the conditions of its future sales. No matter how many times your NFT will change hands after you sell it for the first time, you will get your royalty each time. NFT technology also proved to be an impeccable way to prove ownership to something. And many analysts think that NFTs are just at the beginning of their way into the crypto future. Pros and Cons of NFTs as an Investment Pros of NFTs Investing in NFTs offers several compelling advantages. Firstly, owning an NFT means you - and only you own it now. You have unique ownership, you own one-of-a-kind digital asset. This uniqueness can drive demand and scarcity, particularly for popular or culturally significant items. Creating an NFT by yourself you can embed royalties into the digital contracts. You will receive a percentage of future sales. That is a phenomenal benefit, compared to traditional market of the art goods. And, of course, having NFTs greatly diversifies your crypto portfolio. Cons of NFTs Investing in NFTs also comes with notable risks and drawbacks. The market for NFTs is highly speculative and volatile. Hype usually drive the prices rather than intrinsic value. Many beginner investors have felt this painfully in 2022 when the initial NFT boom suddenly began to fold. The other thing one shouldn't forget before investing in NFTs is the total absence of any kind of regulations. Consumer protection here is non-existent. Everything you ever to with NFTs is up to your personal risk. Another substantial risk is liquidity. The market is pretty saturated, even beloved celebrities sometimes find it difficult to find buyers. Creating and Selling NFTs One of the most direct ways to make money with NFTs is by creating and selling them. This process involves several steps: a. Choose a Platform Selecting the right platform is crucial. Some popular platforms include: OpenSea: The largest NFT marketplace. Rarible: User-friendly with a strong community. Mintable: Ideal for beginners with an easy-to-use interface. Each platform has its pros and cons. Research to find the best fit for your needs. b. Create Digital Art Your NFT can be any digital asset—art, music, videos, or even virtual items. Creativity is key. Use tools like Adobe Photoshop or Procreate for visual art, or GarageBand for music creation. c. Mint Your NFT Minting involves converting your digital art into an NFT on the blockchain. This process is simple on platforms like OpenSea: Sign up for an account. Connect your digital wallet (e.g., MetaMask). Upload your digital file. Fill in details (title, description, etc.). Set your price (fixed price, auction, or declining price). d. List for Sale Once minted, list your NFT for sale. Promote it on social media and NFT communities to attract buyers. e. Earn Royalties Many platforms allow creators to earn royalties on secondary sales. This means you can continue to earn whenever your NFT is resold. Investing in NFTs Investing in NFTs can be lucrative, but it requires careful research and strategy. Here’s how to get started: a. Research Understand the market. Follow NFT news, join communities, and study trends. Key resources include: Twitter: Follow NFT influencers. Discord: Join NFT project servers. News Sites: Read sites like CoinDesk and Decrypt. b. Choose Projects Wisely Not all NFTs are created equal. Look for projects with: Strong Community: Active and engaged communities. Unique Value Proposition: Unique or innovative offerings. Credible Team: Experienced and reputable creators. c. Buy Low, Sell High Timing is crucial. Buy NFTs at a low price during minting or early stages. Sell when the value appreciates. Use platforms like OpenSea to track price trends. d. Hold for Value Appreciation Some NFTs appreciate over time. Holding high-quality NFTs can yield significant returns. This strategy requires patience and a long-term view. Flipping NFTs Flipping involves buying NFTs at a low price and selling them for a profit. It’s akin to day trading in stocks. Here’s a step-by-step guide: a. Identify Underpriced NFTs Look for NFTs undervalued by the market. Tools like Rarity.tools and Nansen can help identify these opportunities. b. Buy at the Right Time Timing is everything. Buy during drops or when the market is slow. Avoid buying during hype peaks. c. List for Sale After purchasing, list your NFT at a higher price. Use auction listings to attract competitive bids. d. Monitor Market Trends Stay updated with market trends. Be ready to adjust your prices or hold your NFTs if the market shifts. Participating in NFT Airdrops Airdrops are free distributions of NFTs to community members. They’re often used to promote new projects. Here’s how to capitalize on them: a. Join NFT Communities Many airdrops are announced in NFT communities. Join Discord servers, follow Twitter accounts, and subscribe to newsletters. b. Fulfill Requirements Airdrops often have requirements, such as holding a specific NFT or participating in community activities. Ensure you meet these criteria. c. Claim Your Airdrop When an airdrop is announced, follow the instructions to claim your NFT. This usually involves connecting your wallet to the project’s website. d. Hold or Sell Decide whether to hold the airdropped NFT for potential value appreciation or sell it immediately for quick profits. 5. Staking and Earning NFTs Staking involves locking up your NFTs or cryptocurrencies in a platform to earn rewards, including NFTs. Here’s how it works: a. Choose a Staking Platform Select a platform that offers NFT staking. Popular options include: Rarible: Offers staking for its native token RARI. BakerySwap: Allows NFT staking for various rewards. Zora: Innovative platform with staking options. b. Stake Your Assets Lock your NFTs or cryptocurrencies into the staking pool. Ensure you understand the terms and potential risks. c. Earn Rewards Rewards vary by platform. You may earn additional NFTs, tokens, or both. Monitor your staking dashboard to track earnings. d. Reinvest or Cash Out Decide whether to reinvest your rewards or cash them out. Reinvesting can compound your earnings, while cashing out provides immediate profit. Key Takeaways NFTs offer numerous ways to make money. Even if you are a beginner who has just learnt what an NFT is. There plenty of ways you can profit from NFTs for creators and investors. Find undervalued NFTs and sell them to someone else. Stake NFTs for rewards. Participate in airdrops. Create NFTs of your own, be it a drawing or a song. Just mind the risks. The NFT market is dynamic and evolving. You should always have a clear plan and reliable information.

Buying cryptocurrencies has always been easier that cashing out. What are the easiest ways to to that? Of course, true crypto warriors dislike the very idea of cashing out. Bitcoin maximalists believe that all you have to do is HODL, whatever happens. Because, you know, as they say 'when in doubt zoom out' and that explains everything. However, there are situation when you might want to get some cash. And your crypto ways are the best - or the only! - way to do it quickly. Cashing out Bitcoin and other cryptocurrencies can be a bit tricky. And it is definitely more difficult that buying crypto in the first place. Knowing how to convert your digital assets to cash is essential. Here are five effective methods to cash out Bitcoin and other cryptocurrencies instantly. Cryptocurrency Exchanges This is probably the easiest way to cash out crypto instantly. Exchanges like Coinbase, Binance, and Kraken allow users to sell Bitcoin and other cryptocurrencies directly for fiat currency. There are some caveats, of course. This method might require you to send your crypto from a non-custodial wallet to your exchange wallet. It requires you to pass the KYC procedure. And of course, as any other legal way, this one includes taxes. How it Works: Firstly, you create an account. Don't worry, all you have to do is just sign up on the exchange platform. Then complete the KYC (Know Your Customer) process. Transfer BTC to the exchange wallet. Place a sell order for the amount you want to sell. Here you can choose a market order for an immediate sale or a limit order for a specific price. Though some exchanges simply buy the crypto from you. That's the most convenient way. Lastly, withdraw fiat. It would land on your exchange's linked debit card. Pros: Ease of use: User-friendly interfaces. Liquidity: High trading volumes ensure instant transactions. Cons: Fees: Transaction and withdrawal fees. Regulation: Some exchanges have strict regulatory requirements. Peer-to-Peer (P2P) Platforms A very popular way to sell crypto easily and fast. Though it requires some knowledge and skills. P2P platforms like LocalBitcoins, Paxful, and Binance P2P connect buyers and sellers directly. You are selling crypto to other users without intermediaries. The exchange is just overseeing the deal. How it Works: Sign up on a P2P platform, create a sell offer, specify the amount of BTC you want to sell and the payment method. The platform then matches you with a buyer based on your criteria. Once the buyer transfers the agreed amount of fiat currency, you release the BTC. Pros: Multiple payment options: Bank transfers, PayPal, cash, etc. Privacy: Less stringent KYC requirements. Cons: Risk: Potential for scams and fraud. Time-consuming: Matching and completing transactions can take time. Bitcoin ATMs There was a time when Bitcoin ATMs were seen as the easiest way to ensure wide crypto adoption. The number of those ATMs kept rising for a while, yet now they are less popular. It was no the way Satoshi dreamt of Bitcoin, the hard core fans say. Anyway, if you find one near you, why not use it? Bitcoin ATMs provide a quick and convenient way to sell BTC for cash. How it Works: Locate a BTM. You can do it by using a service like CoinATMRadar. Verify your identity: Depending on the amount, you may need to provide ID. Follow the on screen instruction - don't worry, they are "for dummies". Send the BTC to the BTM’s wallet address. Wait for the machine to dispense cash equivalent to the sold BTC. Pros: Instant cash: Immediate withdrawal. Convenience: Easy to use, available 24/7. Cons: Fees: High transaction fees compared to other methods. Availability: Limited number of BTMs. Over-the-Counter (OTC) Trading OTC trading is suitable for large transactions, offering privacy and minimal market impact. Platforms like Genesis Trading, Circle Trade, and Kraken OTC provide these services. How it Works: Reach out to an OTC trading platform.Discuss the trade specifics, including price and volume. Transfer BTC to the OTC desk, and receive fiat in return. Pros: Privacy: Discreet transactions. Volume: Suitable for large trades. Cons: Access: Typically requires high minimum transaction amounts. Fees: Negotiable but can be significant. Crypto-Backed Loans You can get some fiat cash without actually selling your Bitcoin. Or any other crypto, for that matter. Crypto-backed loans can be found on numerous platforms. Most popular among those are Nexo and YouHodler. Basically they allow you borrow fiat currency against your BTC collateral. How it Works: Sign up on a lending platform, then deposit BTC as collateral. Get a loan and receive fiat currency as a loan against your BTC. Repay loan - pay back the loan to reclaim your BTC or forfeit it if you default. Pros: No need to sell BTC: Retain your BTC while accessing cash. Flexibility: Various loan options and terms. Cons: Interest rates: Loan interest can be high. Risk of liquidation: BTC collateral can be liquidated if the value drops. Takeaways If you are not a dedicated hodler - oh god, how is it even possible! - you might want to try some of these ways to cash out Bitcoin. Some of them are transparent and straightforward. Yet, they require KYC procedure. Other are fast, but might require some skills not every novice crypto user possesses.