This year, cryptocurrency has received a boost and daily, thousands of new coins and tokens emerge. With this new trend, there are so many businesses that one can do in the cryptocurrency niche and make thousands of dollars daily.
In this post, we would be discussing the different cryptocurrency business ideas for 2018 and how you can get started with each of them. This tutorial like others will be simple and easy to understand.
Cryptocurrency business ideas for 2018
Below are some cryptocurrency businesses you can start in 2018
- Trading cryptocurrencies
- Hodling cryptocurrencies
- Participating in Airdrops
- Blogging in the cryptocurrency niche
- Cryptocurrency freelancing
Trading: this is obviously the most common cryptocurrency business existing. In this, you buy a coin in bulk during its ICO stage or when it is still cheap, hold them and resell as soon as the price increases and you are sure of a lot of gains.
It is however important to note that if you are into this with cash that you need, then it is advised that you buy coins that are already listed on popular trading platforms like BITTREX, BINANCE, COINBASE, etc. or to buy coins that have the potentials of being listed on these platforms under a short period of time. This is because trading the coin in question might not be anytime soon and this will trap your money.
HODLING: this is the cryptocurrency language for ‘HOLDING’. This type of business is just like trading but the difference is that you will have to HODL the coin for a long period of time before selling. That is, it is for people who wish and can spare some cash for a long period of time.
A coin initially might not be appreciating and might take months or even years to grow as was the case of Bitcoin. In the business of HODLING, you just want to maximize profit on a long run. You might purchase a coin in bulk at let’s say $0.003 and decides to HODL them until a coin is sold at $100 or more before selling them off.
Airdrops: airdrops as we have already discussed in this article, is a way in which developers of cryptocurrency give away their coins to people for free in a bid to make their coin get to varying trading platforms which in turn improves the rank of the coin in question.
To participate in airdrops, you are required to have certain online accounts; a bitcointalk.org account, an ERC20 Ethereum wallet, a Telegram account, a Facebook and a twitter account, etc.
To learn more about airdrops, we advise that you read this article. Every day, thousands of airdrops are held and with this, you can earn lots of money just by registering and collecting these free coins, HODLING them and trading them as soon as they are listed on trading platforms. It is important also that you avoid being hacked online. To learn more about how to prevent hacking, check out this article here on how to prevent being hacked.
Blogging: yes! The cryptocurrency niche is a virgin blogging niche. If you are good at writing or capable of handling a blog, you can choose cryptocurrency as your niche, or sub-niche. You then either write about cryptocurrency news or write about airdrops and get people read about it.
There are several ways of making money on this niche; you can earn free coins using your referral links within your post or on the sidebars of your site, apply for other affiliate programs or register for AdSense on your blog and earn from it too. You can also earn from guest posts by people and cryptocurrency developers.
Cryptocurrency freelancing: any new coin that is about to be released requires a whitepaper for it. This whitepaper contains the objective of the coin, what it is expected to be worth over a period of time, etc. These coin developers outsource the writing of these whitepapers to people on different freelancing sites on the internet.
You can go check ICO whitepaper gigs on Fiverr, PeoplePerHour, up work, etc. learn how to write these whitepapers and make cool money from them.
Hope this article helps you start a business around the cryptocurrency niche and make cool money on the internet. Cryptocurrency is indeed a revolution that has come to stay and the earlier we key into it, the better for us.
Let us know how you feel through the comment section.