How To Earn Free Cryptocurrency

Don’t worry, this isn’t one of those blog posts or articles. This is a little side project I’ve been working on alongside my trading and dividend investing. I wanted to share this with anyone who, like me, has an interest in cryptocurrencies but wasn’t sure if they wanted to commit their hard-earned cash to it yet. I will say right up front, this will probably not make you rich. However, you truly can earn free cryptocurrency without investing a single penny of your own money. I have over $35 in my Coinbase account and I haven’t linked it to my bank or funded it in any way. Here’s how!

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2020: Week 4

I got within a few dollars of my target on both of my Iron Condors this week. I was tempted to close one of them anyway, but I stuck to the plan. Time decay is on my side, yes it is! I think my Iron Condor in EEM might have hit my target if the market had kept going the way it was for most of the week. Friday, things got a little squirrelly. My guess the market was reacting to either the impeachment hearings, the Corona virus outbreak, or both. I might be looking to make another quick trade if the major indexes are all still down when Monday rolls around. Continue reading “2020: Week 4”

2020: Week 3

This week was pretty calm for me. In selling options sometimes you just need to wait for the time decay to play out. And it is playing out. My two Iron Condors both decreased in value (that’s a good thing for me.) I’m up a combined $13. With over a month to go until expiration anything is still possible, but I’m hopeful I can close out one of the two positions next week.

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2020: Week 1

My first trade of the new year, with a new portfolio, using a new strategy was to do something entirely unsound: Invest $4.47 into the very lucrative, very stable, very sound Dogecoin. I bought 2235 “shares” of DOGE at a staggering 0.002 per share price tag. I say “shares” because trading Cryptocurrencies through Robinhood does not mean that you actually own the currency. Instead, I’m essentially placing a bet that the value will increase without actually purchasing anything. (When you break it down, this is only slightly more risky than the way the normal stock market functions. We buy actual shares in companies speculating that they will increase in value over time.)

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