Luis Pazos 
It’s an exciting time to be alive, especially if you’re investing in cryptocurrency. I’ve been investing in crypto for over three years now, and while there have been a few bumps—like not selling Dogecoin when it skyrocketed above $0.70 before Elon Musk’s SNL performance—I’ve still managed to make some good profits. More importantly, I’ve enjoyed learning about digital currency.
For those of you who are new to the crypto world, welcome! In this post, I’m sharing four ways I’m currently making money with crypto. The fourth way is the newest and most exciting for me because it’s the most passive. Read on to learn more about my journey and the ways I’m earning.
As a natural skeptic, I’ve always questioned the success stories people share, whether it’s about a new diet, investment strategy, app, or software. When it came to cryptocurrency, I was no different. Back in 2017, many people left comments on my YouTube videos urging me to get into crypto, claiming I was missing out on the future of finance.
Seeing Bitcoin’s price hit a high of around $19,000 and then plummet to under $3,000 made me decide to stop being skeptical and educate myself. I made my first Bitcoin purchase and joined the HODL Army. What follows is how that initial investment grew into four different ways I’m now making money with crypto:
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Buy and Hold: This is the traditional investment method—buying with the intent to hold for the long term. I believe in the underlying technology of Bitcoin and Ethereum, so I’m invested for the long haul. I made my first Bitcoin purchase in March 2018, and since then, I’ve gradually built my investments, including a significant purchase of $50,000 worth of Ethereum.
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Cryptocurrency Savings Accounts: Earning interest through stablecoins in cryptocurrency savings accounts has been another profitable venture. Regular banks were offering me pennies, but crypto accounts can pay over 5% interest. I chose Celsius, where stablecoins were paying over 10%, and I currently have over $220,000 in there. However, remember, these aren’t FDIC insured like regular bank savings accounts.
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Trading: While I wouldn’t recommend this for newcomers due to the risks and volatility, I’ve tested trading cryptocurrencies. Buying at dips and selling during highs, like with Dogecoin where I saw significant gains on paper, can be tempting, but it’s risky especially with tax implications.
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Crypto Bots: I’m now using trading bots, specifically through a program called Bitsgap. These bots use grid trading methods to buy and sell at predefined intervals, making it more passive. I’ve set up several bots with different investment amounts and have been testing their performance. The training by Dan Hollings on bot trading helped me get started, and I continue to experiment with new strategies.
So, if you’re interested in learning and earning with cryptocurrency, these are the four ways I’m doing it. More updates will come, so stay tuned!
