When you get into crypto, you don’t always have starting capital to grow, so you have to get creative in these situations.
Fortunately, there’s still a decent rangeRange The difference between the highest and lowest prices of an asset within a specific period. of options available, although it does get harder, as a lot of people are in the same boat.
If you have any skills, you can offer them up and get hired/contracted.
Plenty of companies are willing to pay in crypto, and many Web2 skills transfer over to Web3.
Journalists, graphic designers, community/social media managers… you’ve got options.
Of course, it requires some adaptability depending on the role since the rules of the game are different, but you can absolutely make it work. It’s generally the best option because it lets you build a resume in the field, make contacts, earn your first cryptos, and ensures a stable income.
It’s also the best way to bounce back if you’re already in the game but went overboard on leverage trading or memecoins and ended up broke.
If you’ve got time but no relevant crypto skills, use that time to gain some.
Pick something you enjoy, that’s lucrative, and in high demand.
This is important—everyone has their own motivations, but even if you’re just in it for the money, it has to interest you at least a little, or you’ll burnBurn The permanent destruction of a specific quantity of crypto, reducing its total supply. Tokens are sent to a burn address and become permanently unusable. out. Take your time to choose what interests you and work your way up, like if you want to learn one or several programming languages and become a developer.
As you progress and manage to scrape together a little capital, and get a better feel for the space, it makes sense to farm airdrops to boost your chances, but be careful to choose wisely.
Farm Airdrops
A single juicy airdropAirdrop The free distribution of cryptocurrencies to existing holders or community members to promote a project. It's an excellent way to distribute tokens among different users and launch a project. can be enough to give you a big boost if you’ve done things right (or just gotten lucky), but let’s be honest—most projects are more interested in milking users than rewarding them, so stay sharp and build a list of red flags.
Look at the selection criteria of past successful and generous airdrops, identify patterns, and create your own green/red flags to help you decide if you’re about to get milked or not.
Remember, if it sounds too good to be true or if there’s a ton of hype, it’s usually a bad sign.
When farming, learn how to build routes so you can farm multiple protocols/projects at once, as efficiently as possible. This will force you to understand the chain, use products to figure out which bridgeBridge A protocol allowing the transfer of assets from one blockchain to another. is reliable, which one’s slow and expensive, which swap is the best, etc.
Keep in mind that for every 1 project that does a worthwhile and substantial airdrop that makes all the planning and infrastructure worth it, there are 1000 others just trying to milk you.
Take that very seriously.
The most important things to remember:
Develop useful skills for an industry and job type that you enjoy and that’s in demand.
Get hired to secure a stable income and start building your resume in the space.
Once you’ve got some capital
- No leverage trading if you’re not a trader—spotSpot A market where assets are bought and sold for immediate delivery. trading is more than enough
- Don’t blindly follow influencer calls—you’ll just end up being their exit liquidityLiquidity The ease with which an asset can be bought or sold without affecting its price.
- No shady point-based airdrops that make you lock up your assets for 100 years
- Go easy on the memecoins—you’ll probably get rugged most of the time
