MultiversX Tracker is Live!

If you want to succeed in crypto (make money), try leaving r/cc

All Cryptocurrencies

by COINS NEWS 178 Views

Hi guys,

I'm not a heavy r/cc user anymore, I only occasionally browse a popular post. The main reason is, this place is useless after a certain point. If you've been here long enough, you can predict how people will respond to posts, and what the most popular comments will be. It's just the same thing over and over.

I really started playing around in crypto, and learned a ton about different projects and markets, and this wouldn't have been possible if I only believed everything I read on r/cc. This place is an echo chamber, and it's bad if you want to improve and continue learning, and eventually make money.

Take for example NFTs. The general consensus here is that NFT's are just useless jpegs and they're used for money laundering. While I'm sure there is some money laundering, it's probably a lot smaller than you think. There are a ton of people that have money in crypto, and they don't mind dropping 6 figures on a picture of an ape to gain access to an exclusive club.

If you opened your minds and bought any Bored Apes at the beginning of this year (yes I know that not everyone has the money to do this, but just say hypothetically even if you had the money, would you buy?), you'd have at least an extra 100K from their Apecoin airdrop, and then an additional 4-5 lands from their land sale, which is at least another 10-15 ETH (potentially a lot more if you got a rare land). Do some research on Yuga Labs, and you'll see a lot of interesting stuff that they've done this past year. Ask yourself, why are so many celebrities buying Bored Apes? Look at other NFT projects, and see what they're doing for the space. It might surprise you.

Look at a project like STEPN. One of the hottest things in the space in the past month or so. Barely any mentions on r/cc. They are innovating in the move-to-earn space, similar to how Axie Infinity was a pioneer in the play-to-earn space. If you got in early on STEPN, you'd have made money from walking / jogging (stuff you normally do anyways), made money from the rise in price of their NFT sneakers, and also from the rise in the price of their GMT / GST tokens. If your only source of news comes from r/cc, I guarantee you by the time you really hear about a project like STEPN, will be the time that a lot of early adopters start dumping on you.

Another example? Shitcoins. R/cc will have you believe shitcoins are the devil. Avoid Shib / Doge. Well guess what? There are tons of opportunities to make money with shitcoins. Learn about risk management. Learn how to take profits. Learn how to spot projects that have good momentum.

Start really playing around in the space. I started issuing my own tokens. I'm not a programmer, but I managed to figure it out. I started seeing how the defi game works on Uniswap, because I've issued my own tokens. I see where the pitfalls are, and how to spot scams. If you really do enough analysis and research, you can figure out how to flip new tokens that list on Uniswap. Which tokens to buy into, and which tokens to avoid. Even with scam tokens, there's opportunity to make money if you learn enough. I will provide an example since this is kind of vague.

This is the contract address of a scam token that pops up a lot recently on Uniswap. 0xbf99b97bca21a521b3584627fdee0e2097258c0a

The scam is simple. They issue the token, and a bunch of people buy in immediately. Then, about 15 to 20 minutes after the token is launched, something in the code is triggered, and no-one is allowed to sell. It's basically a more sophisticated honeypot. However, if you get in early enough (snipe some tokens at launch), you can do an easy 2X flip by getting out before the contract gets locked. I found this out just by doing a lot of research on my own. You can find opportunities like this as well if you know how to look.

There are so many tools out there to use. At the very minimum, if you have ETH for example, get comfortable using Etherscan. Learn to follow whale addresses for alpha. Learn to dissect transactions and how to deep dive into different addresses. Then, if you want to get into defi, Dextools.io is a must. If flipping NFT's is your thing, then you have to get familiar using tools like rarity snipers.

There are tons of opportunities to make money in crypto. Everyday when I learn more about the space, I just see more and more opportunities. I'm slowly starting to capture some of these opportunities. I won't divulge exactly how or what I'm doing, but I've made close to 10 ETH in a little less than a month. This sure beats Moon farming (which I tried for a month last year).

I guess this is mostly a farewell post. The best thing I did was stop browsing r/cc and go actually explore and research things for myself. Have an open mind. There are so many ways to make money in crypto, and if you're here just farming Moons, and taking the advice from r/cc, you're probably NGMI. If you really want to make money, I highly suggest leaving this place and really getting your hands dirty. Good luck to you guys.

submitted by /u/bananainbeijing
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments