Several common ways to make money in the crypto world

1. Buy and hold (HODL)
Long-term investment strategy, choose potential coins such as Bitcoin, Ethereum, etc. to buy and hold for the long term, waiting for the price to rise.
Advantages: Suitable for long-term holders, low trading frequency, less stress.
Risk: The market is highly volatile and prone to deep pullbacks, requiring strong psychological resilience and long-term confidence.

2. Trading (short-term buying and selling)
Earn profit through high sell and low buy, including methods such as Day Trading and Swing Trading.
Advantages: Proper operation leads to quick returns, and strategies can be adjusted flexibly.
Risk: High requirements for technical analysis, beginners are prone to chasing highs and cutting losses, leading to losses.

3. Staking
Stake the PoS coins you hold (such as ETH2.0, Cardano ADA, etc.) to the network to support blockchain security while earning rewards.
Advantages: Can generate passive income, suitable for laid-back investors
Risk: There is usually a lock-up period, and it is not possible to exit in a timely manner when prices fluctuate.

4. Mining
By investing in mining machines or joining mining pools, you provide computing power support for the network and receive block rewards (applicable to PoW coins such as BTC, LTC, etc.).
Advantages: Stable returns, long-term sustainability (if electricity costs and equipment are properly managed)
Risk: Large investment, long payback period, and issues related to electricity, venue, hardware maintenance, etc.

5. DeFi (Decentralized Finance)
Participate in decentralized finance applications such as lending, liquidity mining, and yield aggregators to earn interest or platform token rewards.
Advantages: Higher yield, flexible gameplay, many opportunities.
Risk: There are potential risks such as smart contract vulnerabilities, platform security issues, and hacker attacks.

6. Airdrops
Participate in specific projects or hold specific tokens to receive new coins or rewards distributed for free by the project party.
Advantages: No capital investment required, suitable for beginners to participate.
Risk: Some airdrop projects may be worthless and even involve fraudulent activities.