I am new to this cryptocurrency business and would like to get your opinions on how to earn passive income from booming crypto market.
Things that I have tried so far.
Mining (I have only one AMD R9 280x GPU in my gaming PC).
- Attempted to solo mine few coins (Unsuccessful)
- Selling my hashing power to nicehash.com (I was only making $1-$2 worth of BTC a day).
- Bought few coins for short term gains. Turns out, I was buying them when they were on highs and was selling low after getting fear of loss.
- Bought few more coins (NEO, GAS, OMG, GOLEM, POWR, SC, NEM, MaidSafeCoin) for long term, but from the looks of it. I will end up in loss as they don't seem to be moving much.
- Everyone advised me to only put in the amount which I am ready to lose, as such I have invested about $3000 on BTC at $10000 AUD price, and only have invested about $500 worth on above altcoins.
So far, I have made a loss.
Any suggestion or advise on how I can turn this in profit or low passive income.