In this lesson you will learn:
- About ways to earn on crypto;
- What is HODL and who are the holders;
- How to create a passive income on the simple holding of coins;
- About super profitable ICOs, IDOs, IEOs;
- About mining and free coins in Airdrop;
- What is trading in simple words.
Complete the assignments:
Make a «virtual» purchase of three cryptocurrencies and calculate your potential profit (or loss).
Write down your score.
How much would you earn if you:
- Bought Bitcoin (BTC) on December 28, 2017, and then sold on September 20, 2021
Link to BTC rate in CoinMarketCap - Bought Ripple (XRP) on February 16, 2018, and sold on November 03, 2020 Link to XRP rate in CoinMarketCap
- Bought Ethereum (ETH) on 01.02.2019 and sold on 19.05.2022 Link to ETH rate in CoinMarketCap
* On the price chart, select the ALL time limit (top right in gray letters), or specify exact dates by clicking on the calendar icon.
Supplementary materials:
let’s check your knowledge
1. Tools for automated trading are:
- Miners
- Holders
- Robots
2. The extraction of digital currency using special equipment is:
- Staking
- Mining
- AirDrop
3. IEO is:
- Initial Decentralized Offering
- Initial Token Offering
- Initial Exchange Offering
4. The least risky strategy for earning in the crypto market is:
- HODL
- Trading
- ICO
5. Staking is:
- Frequent buying and selling of different cryptocurrencies, which allows a trader to earn on the difference in rates
- A token launch model that involves raising funds on a decentralized exchange
- The process by which a user locks or holds their funds (coins) in a crypto wallet