The 10 Hottest Internet Money Ideas & Techniques For 2022 (This Is What Is Working Right Now!)


Top 10 Hottest Internet Money Ideas & Techniques For 2022 Graphic Β© 8FigureStack. Background photo – Shutterstock (under license)

If you are looking for a 100% free, up-to-date, detailed tutorial on the best internet-based money making methods; the stuff that is working RIGHT NOW and has REAL money potential, then you are in the right place! πŸ™‚

Let’s get right into it; here (in no particular order) are my ten best picks for methods to start making great money online in 2022:

#1. Blog + Pinterest

I’ve made over $1.9M blogging since 2013 so I can vouch for this one! πŸ˜‰ I can assure you that as a “money making system”, blogging is still thundering along and will probably continue to do so! Why? Because people will always need useful, helpful information!

Create that – and put it in front of them. The rest is details. πŸ˜‰

A great blog can generate a very useful additional income; with the best bloggers going on to make full time incomes and in some cases, fortunes!

The typical method used by pro bloggers nowadays is as follows:

1) First, Get Professional Web Hosting. This is important. Using a “free host” is not advised as this typically creates obstacles later down the road – for example restricting your ability to run ads. I’ve been using Bluehost (currently only $2.95 / month for a starter package if you sign up through my link) since 2013 and plan to continue to do so for the foreseeable future!

2) Choose a niche. A niche is the topic of your blog and you need one! A “random blog” about “whatever” you are in the mood for writing about that day is definitely NOT advisable! Trust me on this! Your choice of niche is important and there are some unexpected things you need to know. I’m very experienced in this area, having over 20 blogs in various niches – and I have one of the best free tutorials in existence on this topic: Top 26 Profitable Blog Niches Plus 11 You Should AVOID At All Costs.

3) Choose a domain name. Don’t panic! Here’s my free tutorial on coming up with a truly excellent name: How To Choose A Superb Domain Name For Your Blog (Amazing Branding Tutorial!). Once you have this name, you will set the DNS of your domain so that it connects to your web host (there are lots of free tutorials on this out there). Oh, and be sure to “bag” your brand name on the big social media platforms.

4) Install WordPress blogging platform on your domain. You can do this easily from within cPanel in your web hosting account. Definitely use WordPress, it’s awesome and considered the “industry standard”. I have used WordPress for ALL my blogs since 2013 and still do!

5) Now you are ready to begin the process of creating / publishing high value free content and promoting it (this part is vital!) via your social media accounts!

Pinterest works particularly well for bloggers (it’s been my #2 traffic source overall, with Facebook Fan Pages being #1; although I think Facebook pages are somewhat more difficult to grow big these days). Overall, Pinterest is a great social media platform for new blogs to focus on as a traffic source. If you crack Pinterest, you should be able to start generating decent traffic and corresponding income!

6) In order to get traffic from Pinterest, you need graphics. All your blog posts should have their own “headline graphic” (for example the one I have at the top of this post – it has the headline inside the graphic in big letters!), with Canva (free app!) typically being used to create these graphics. Canva is easy to learn and generates GREAT results – I used Canva for all the images on this blog!

There are a number of tips and tricks to doing these graphics the right way: Check out my free tutorial How To Make Pinterest Graphics That Drive Massive Traffic To Your Blog

Monetization of the blog (ahh, the good part!) is typically done via display ads, affiliate offers related to the niche/topic of the blog, sponsored guest posts and or by promoting your own products and services – typically training courses, one-on-one coaching or printables. Check out my free tutorial List Of 20 Best Ad Networks And Affiliate Programs For Blogs. (Yes I know, I give a lot away for free!!)

Creating a highly successful blog, of the kind that generates a five or even six figure monthly income, is an art form with a diverse skill set required. It’s also a lot of work – as top-flight blogs tend to have at least 500 pages and often 1000+! To give you an idea, my most successful blog, which has generated well over $1M in revenue, now has 1,320 posts, most of which are full-length articles with numerous scientific references. So be prepared to be “in it for the long haul” – but the potential rewards for consistent high-quality bloggers are high!

#2. Social Media Influencer [Facebook, Instagram, Twitter, Tiktok, Youtube etc.]

Being “an influencer” is one of the most highly desired entrepreneurial careers for the 18-30 generation and the revenue potential is seemingly limitless for top-flight influencers. But one of the truly great things about social media is that there are minimal “barriers to entry”: Many of the world’s top influencers started from humble origins.

Let’s clear something up right away: Although most people’s first thought is “well, you have to be super good looking”, this is absolutely not true. I have built up over 4 million social media followers (yes really) without ever showing my face on a single one of my channels! Not even once! I promise you I am not exaggerating or making this up! There are strategies for Youtube, Facebook, Instagram, Twitter and the rest where you can achieve great success and build a huge following without ever showing your face! Look around those platforms and see if you can spot these channels – there are loads of them!

(Even crazier – there are ways that you can make money on ALL these platforms without having any content of your own! Yes it’s true! Hmm… I should write a tutorial on this… πŸ˜‰ )

There are three fundamental aspects that go to make up a successful social media brand:

1) Being a good communicator. Despite the glorious diversity of social media influencers, they all have one key thing in common: Being able to connect with people and “touch” their emotions. And what do you communicate? Typically a varied blend of one or more of the following: Inspiration, ideas, powerful emotions, entertainment and useful knowledge. If you have a flair for communicating and engaging people – whatever the medium – then social media has potential for you. Engagement really is the magic word!

2) Understanding the various nuances and patterns of the platform and its algorithms. Don’t overlook this, it’s critical; but also don’t panic – because you can learn it as you go along. Typically, high social media success requires a grasp of “what the algorithm is looking for” and then giving the algorithm what it wants. For example on Youtube, three key factors determine whether Youtube will give a video big distribution: a) high “clickthrough ratio” on the thumbnail b) watch time (whether the user quickly clicks away or stays watching the video and c) session time (whether the user “binge watches” multiple videos of yours during a viewing session).

3) The ability to make data driven decisions. Use the data (both yours and that of others) to observe what works and do more of that. For example, scroll through any major Facebook page / Instagram channel / etc and you can see that certain posts “hit it out of the park” and get way more views, likes and shares than their other content. These are the winning posts. But can you see why they were successful? To begin with, it’s very hit or miss but the more shots you take, followed up by observation of the data, the better you get at learning what works. Look at the major channels and study their top posts for clues. Look at everything – image choices, headlines, captions, emojis, subject matter, content style… it all adds up. You can’t steal their content of course but you can see what works because the data is visible.

Here are some in-depth free social media tutorials to get you started:

How To Make Money On Instagram – Full Tutorial

How To Make Money On Pinterest (Full Length FREE Tutorial)

How To Get Your First 1,000 Pinterest Followers (Free Tutorial!)

How To Get Your First 1,000 Youtube Followers (Free Tutorial!)

#3. Crypto

I can already hear it: “Crypto is super high risk, you should not be recommending that to newbies”.

So let’s clarify. Yes, although crypto has potential for “wild gains”, crypto trading IS very high risk. As a novice trader there’s a high likelihood of “getting rekt” and painful loss of capital. Here’s my free tutorial on what NOT to do as a novice crypto trader: This Is How You Are Going To Get β€œRekt” (Wrecked) In The Cryptocurrency Markets (Don’t Do This!)

However, trading is not the only option here – and there are in fact options that are very low risk.

Low Risk Strategy: You can purchase Stablecoins such as USDT and “park” them on platforms such as Nexo (get $25 worth of free bitcoin when signing up through my link and depositing $100+!) or Celsius, which are backed by top level security / insurance – and earn a very respectable interest rate of around 8% to 12% at the time of writing, with interest being paid out daily! Stablecoins are pegged to the price of “real” currencies and so they do not experience the wild fluctuations that Bitcoin and (even more so) altcoins experience. So all things considered, this beats the heck out of the despicable 0.01% offered by the high street banks on savings. I can’t give financial advice but I have an account on Nexo and get daily interest. My only regret (huge!) is that I did not sign up sooner.

Medium Risk Strategy: Then there is yield farming / liquidity mining – which I would personally rate as “medium risk”. This one is somewhat complex and will require a full tutorial (expect that soon!) but I am doing it myself right now and it’s actually overtaken blogging as my #1 revenue generator at the time of writing!

Medium To High Risk Strategy: “Hodling”. Here’s an example strategy that does not involve big capital outlay; take your spare change / leftover income every month and just purchase some cryptos of a kind that are highly regarded as having genuine value and growth potential. You then leave these assets to acquire whatever value they acquire over the course of time, deliberately not paying attention to daily fluctuations but taking a more long term approach. With hodling, it’s generally advisable not to “invest your life savings” as this would definitely be higher risk. But if you take money that you “would otherwise have spent frivolously” and use it to gradually accumulate a few well chosen cryptos, there is some very good long term potential. Think in terms of a few years rather than a few months.

Timing is everything in crypto and in general terms being early has proven best so far. I deeply regret not starting to hodl back in the good old days. A friend of mine was RAVING at me about bitcoin back in around 2011. Fast forward 10 years and it has gone over 1000X since then. If I had put in a few thousand from my first successful blog – by God – I could literally be living in a castle right now and have absolute financial independence. But there is still opportunity and many on the forefront of this technology believe that we are still in the early days in terms of overall crypto adoption.

In short there are strategies for every level of risk tolerance. Full tutorial on this soon.

#4. Youtuber

Top Youtubers can make 5, 6 or even 7 figure monthly incomes! But one of the good things about Youtube is that the “bar of entry” is low – and there is room for you too.

Although you might see “pro Youtubers” with fancy, expensive-looking production, you really don’t need that in order to get going. Seriously! Looking at the channels of even the most famous Youtubers, you can see that often they started by recording wobbly videos on a mobile phone and uploaded them with minimal or even no editing! So don’t get stuck thinking you need massively expensive microphones, cameras and hyper-expensive editing software. You don’t. Use what you got! And for a free-but-fully-pro video editing software, try Davinci Resolve. I’ve used it for all my Youtube editing and it’s absolutely amazing.

One thing you do need to understand about Youtube that this is a “slow burn”. As with blogging, it takes commitment to achieve success – and an ability to just keep going through the initial phase where you have only a small audience. It might take six months, a year or longer for a channel to take off, and this means a lot of grind before you see any pay. In other words, don’t quit your job to start a Youtube channel! Start by doing YT in your free time and maybe even try out a handful of different channel ideas, until you find something that “pops” and gets a noticeably stronger reaction from your audience; then double down on that. Again, let the data guide your choices and give the audience more of what they love the most.

For a Youtube channel to start earning ad revenue, you need 1,000+ subscribers and over 4,000 hours of watch time in the most recent 12 months. However there are numerous other ways to make money from Youtube and I have a free tutorial on that here: 18 Awesome Ways To Make Money With Youtube – Including Methods To Earn Money Without Making Videos!

Final tip – start an account on the other video platforms too (Vimeo, Bitchute, Odysee etc) and post your content there too. Might as well get it going and maximize your reach!

#5. Email Marketing

I’ve made over $300,000 with email marketing and although many people think it’s an “old chestnut” – it still makes money. Why? Because email is an integral part of the WWW – and despite the fact that people have all kinds of messenger apps, email is still a requirement for creating website accounts, as well as being a standard in business for documents and conversation. In short, email is as strong as ever. I have used Aweber since 2014 to manage my email lists and they offer a free option for the first 500 subscribers, which is pretty awesome as it gives you the opportunity to try it out at no cost. Note also, you are not locked in as you can download your subscribers as a CSV export and migrate them to another service if you want.

The typical way to build an email list is to offer a “high value freebie”, perhaps an ebook, which is just the sort of thing your target audience would appreciate. The job of the freebie is to get them to sign up. Then after that, you have a low-cost way to reach those subscribers and the typical method used is to send them a mix of “value content” (more useful, free info to keep them subscribed) and “offer content” which might be affiliate offers (I use Clickbank) or your own products and services.

Here’s a detailed free tutorial on email marketing: 12 Steps Towards Making Mega Money With Email Marketing.

#6. Ebay

If you are literally right at the beginning of your online money journey and sitting there thinking “I need to just generate some cash asap”, then eBay has to be one of my top picks. eBay is roaring along as always, and is just overall a great platform. I made several thousand dollars in 2020-2021 having a massive “mother of all clearouts” and selling stuff on eBay – and this REALLY helped out in post-COVID times!

Comb through your stuff and pull out everything that you don’t need and don’t absolutely love. Eliminate highly fragile or very bulky items as these are a hassle to ship. You can also sell broken items so long as you are 1000% honest about the condition of your goods – there are people who buy broken stuff because they are expert repairers and can make a profit fixing things up! So this is a perfect way to get started with eBay – selling your old junk that is getting in the way (or worse, costing you additional money to store!) You will gain experience and insight, as well as a feel for the marketplace and how eBay works. From there on, if you decide you want to become a trader, there are various options. Some opt for “thrift store flipping” – finding valuable items for pennies at thrift stores and then putting them up on eBay for a realistic price. Others obtain stock of goods and become pro traders (this is more advanced). Here are some further free tutorials of mine on eBay:

How To Make Money On eBay – Full Tutorial – 26 Tips For eBay Success

27 Surprising Things You Can Sell On eBay For Quick Profits (I Made $12,000+ Doing This!)

#7. Fiverr

If you have any sort of skills which can benefit others and can be delivered online, take a look at Fiverr. You may be able to make a part time or even a full time income from there!

Fiverr is a marketplace for online services and “outsource work”. Go take a look at the Fiverr marketplace and you can see people offering an incredible diversity of online services – from article writing, coding, voice overs, graphic design and so much more!

This sector has absolutely boomed since 2020 – as so many businesses have migrated to “fully online” and utilizing the global workforce. Fiverr is thundering along and this demand shows no signs of slowing down, which means there is room for you too. Fiverr is now a massive platform – currently ranked #129 in Alexa’s world ranking of websites, which is extraordinary! I’ve hired writers and designers from there many times and I find the site a breeze to work with – its user experience is very well thought out.

Fiverr works super well as a “side hustle” which can then transition into a bigger money generator if your services take off and generate high demand!

#8. Amazon KDP

When most people think of an “Amazon based business” they think of e-commerce – which in my view is a highly complex endeavour. Yes, it can be very lucrative but it’s also very challenging. You are also “in with the big fish” – competing against highly experienced traders and retailers.

If you have writing ability, definitely consider Amazon KDP (Kindle Direct Publishing). Amazon Kindle’s “on ramp” for new publishers is now highly efficient, meaning you can finish a script and get it published and earning money faster than ever.

You will need to have your document correctly formatted for Kindle – however this is a service that can be sourced on Fiverr if you don’t feel like doing that part yourself.

The most successful Amazon KDP publishers are making very good incomes – 5 figures per month or even more – and there are absolutely tons of tutorials on Youtube for those wishing to learn more.

A big KDP income typically takes a few years to build up, assuming you do everything right of course. You will need to be able to “crank out” ebooks of the kind that people love – and keep on doing it. So it’s a lot of work – but on the positive side; once a book is published, it can continue to generate revenue for years and so after the initial work, meaning you can build up a passive revenue stream. So this is something you could try out, perhaps by creating a few ebooks in your spare time – and then see how it goes. If the benefit-to-cost balance works for you then you can scale up and create your own Kindle empire!

#9. Online Tutoring

If you thought that being a teacher can’t pay well – think again! Top online coaches can earn very good incomes. In my post 45 Of The World’s Most Successful Blogs I featured a piano teaching blog – hearandplay.com – which is reported to be earning $100K per month!

If you have strong skills in a certain area and good coaching abilities, there are various options. Youtube channel, blog, free ebook(s) and other social media platforms can be used to distribute free tutorials, which demonstrate your value and helpfulness. You can then monetize the free content and / or offer one-on-one coaching “on the back end”. Conferencing platforms such as zoom open up the ability to do one-on-one coaching to people anywhere in the world, from anywhere in the world. So this could be a great “freedom lifestyle business”!

#10. Facebook Groups

While Facebook Fan Pages still have massive potential, they are in some ways a “tougher nut to crack” than Facebook Groups. Facebook seems to be giving Groups higher newsfeed priority which means that content will be seen by more people. The other plus of a group is that a good group can pick up momentum of its own without you having to create / curate and then post all the content yourself. Yes, you will still need to admin the group (or hire a VA to moderate it for you) but there is a potential for lower workload.

Some quick tips on Facebook Groups 1) branding is key – the group should have a great name and be focused on a popular topic. The name should convey what the group is about “at a glance” and make people think “I want to be part of that”. 2) Research and find other big fan pages and groups in your niche, then note which of their content got the most likes and shares. Share the very best performing stuff in your own group (go by the numbers), taking care to avoid super-controversial posts. You will typically find that posts that perform well with one Facebook audience perform well with another. 3) To monetize your group, typically the best strategy is to have your own blog, and then create / share high quality content with your group (try helpful top 10 lists – can you see what I did here? πŸ˜‰ ). Pay attention to which content performs best and “do more of that”. 4) The blog itself will typically be monetized with ads, affiliate promotions or other goods and services you provide. Full tutorial coming soon.

The Wrap-Up

These are 10 of the best methods to start making real money online that I know of. Final tip – don’t try all of them like a kid in a candy store! Choose one or perhaps two to focus on and give these your best shot. It takes focus to get the best out of these and if you scatter your efforts its harder to build up momentum. Which of these do you feel most strongly “is your thing”? Don’t get stuck in “analysis paralysis”. Start asap! Get it cracking, and I’ll see you at the top!

Hope this helped you!

– Staxxx.

How To Get 1000x Gains In Crypto (Free Tutorial)

(not financial advice). There is loads of talk about “1000x gains” in crypto – and looking at historical price charts shows you that it is indeed possible – in some circumstances.

So let’s look at this in an absolutely real and practical way – and learn how you can give yourself the best chance of doing it.

A Hole In One Is Rare, But A Hole In One With Only One Shot Is Astronomically Rare

First things first – getting 1000x portfolio gains in one shot is very rare, very difficult and you almost certainly won’t do it.

Maybe consider a lottery ticket? It’s cheaper – and you could get 10,000,000X gains!

Are you going to put your entire portfolio on one obscure crypto before anyone has heard of it, then hold through all the massive dips, not take any profit at all and wait until it hits that magical 1000x?

Who even does that? Almost nobody.

You are realistically going to split that stake into maybe 10 or 20 cryptos or some other allocation – in order to hedge against the fact that some of those picks will inevitably tank (especially with obscure small caps).

So even if you did get a 1000x on one of those coins, you would only have 10% of your portfolio on it; so you would only end up with 100x portfolio gains.

Which is awesome, but does not turn $10,000 into $10,000,000. It turns $1,000 of your $10,000 into $1,000,000….

Taking a parallel from a different industry: I created over 20 blogs. Only one of those made over $1,000,000 profit! Quite a few of them tanked and never made enough to even cover the money put into them, let alone the time! It’s a bit like that with cryptos. 1000x is an “outlier statistic” – with many not achieving that.

Market Cap And Timing

Timing is everything.

The first aspect of timing is being ahead of the crowd. If you want big gains you simply have to get there before the crowd (while still having the skills to determine which projects are destined to win big and which are not).

You also have to get out before the crowd gets out (at which point, of course, it dumps). This is perhaps even more difficult – because many of those investors are very happy with their 10x gains, which means they are dumping before you. On a really great project however, the number of people still wanting in continues to outpace the number jumping out, which means the price will continue to rise over time.

That’s a good way to look at it.

“1000x cryptos” are uncommon, but not insanely rare IF you got in when the market cap is absolutely miniscule.

However if a crypto already has a 100 million dollar market cap – then for it to go 1000x it would need to grow to a $100 BILLION dollar market cap!

At the time of writing, only 3 cryptos out of the 14,000+ in existence have a market cap over 100 Billion: Bitcoin, Ethereum and Binance Coin.

market cap

What are the chances that your 100M market cap crypto becomes a top 3 crypto? Very VERY small.

There are currently 110 cryptos with a market cap over 1 billion.

So pick something with a market cap under $1 million that becomes a top 110 coin, put all your money on it, hold all of it through the tips and the possibility that it might “only” get to position 150, ignore every single bright shiny object that comes along, that people are saying has better technology… take NO PROFIT and live with the fear that your chosen might never get there, tank and wipe out all that profit? You probably won’t do it! For every story you heard of someone doing it – there are probably 10,000+ people that didn’t.

Now you truly see how insanely difficult a 1000x shot is. Everyone talks about it as though it’s just there for the taking – but in reality it’s like getting a hole in one with the first golf shot of your life.

The second aspect of timing is buying during dips and getting out during peaks.

Timing is absolutely the difference between a 10x gain and a 2x loss on the same crypto, during the same cycle. You can see this – repeatedly – in every single chart!

It’s crazy to think that at all of those peaks, someone bought what the seller was selling… someone ALWAYS buys the top.

This pretty much proves that nobody has any real idea whether the price will go up or down…

One Giant Leap Or Several Small Jumps?

The next thing to note is that this is not a chasm that you have to cross in one leap. There are stepping stones. I know, I know. You promised yourself that Lambo by next birthday. But a better way to look at 1000x gains is that

10x then 10x then 10x = 1000x.

Now getting 10x gains on an entire portfolio is still difficult! Harder than you think! But 10x on an individual crypto is MUCH easier. So much easier that you do in fact have a good chance of doing it three times.

With timing, patience and excellent selection skills.

If you look historically at the people who got rich in crypto – most of them did not do it in one shot – or in one market cycle.

First of all, they got themselves into the position where they had enough to invest to get rich. (Super important!)

Second, they did a ton of research and study, and did not just ape in frivolously “Vegas style”.

And third, they did it in 2 or 3 jumps – with inevitable setbacks and obstacles along the way. They combed through hundreds if not thousands of coins, making databases, comparing statistics, and picking very carefully chosen winners.

Ignoring all the FUD and FOMO…

They might have made 10x in one market cycle, with lets say 5 of their 10 picks going 20x and 5 making no gains.

This then put them in a nice position, with enough to re-invest once again in a carefully chosen set of small projects and “recycle” those gains – with an opportunity to do some real damage and make some REAL gains.

You don’t win a war with a small army of footsoldiers. You turn a small army of footsoldiers into a large army. You then capture tanks and artillery. And THEN you move that heavy artillery into position… now you can capture entire digital cities… then entire virtual planets… πŸ˜‰

Compound Gains

Another way to get to 1000x is to make much smaller gains, many more times. Now this seems easier – doesn’t it?

For example:

2×1000 = 2000
2×2000 = 4000
2×4000 = 8000
2×8000 = 16000
2×16000 = 32000
2×32000 = 64000
2×64000 = 128000
2×128000 = 256000
2×256000 = 512000
2x 512000 = 1,024,000 (1024x)

So doubling your stack 10 times (without taking any profits at all!) gets you to 1024x, which after the exchanges take their fees might be somewhere around 1000x.

(Before tax…)

What about micro gains? You could also shoot for 10% gains over and over again, continuously recycling the money on the dips and growing it gradually over time. But yes, 10% gains will get you there if you do it enough times.

Even this requires immense discipline. If one of your choices is slow moving and only gained 4%, you will be tempted to take that money off and put it on something fast moving. Which sometimes results in missing the pump on the one you bought. There will be losers as well as winners and you are bound to ‘buy the top’ a few times and become a ‘bag holder’ – watching as your money is stuck while the price goes lower, lower, lower. Wondering whether to absorb the loss or hold on for something that may or may not ever come back…. which is excruciating and WILL happen to you – a lot!

You will also want to take some profits, which is totally wise but of course lowers your investment power, meaning you need more multiples.

And – above all this – you will need to remember that…

Arbitrary Numbers Are Projection Math, And Projection Math Is NEVER Accurate

Ironically, you would have a better chance of 1000x gains by not sticking to arbitrary numbers like 10x or 1000x!

This sets a price target that has nothing to do with the actual coin and everything to do with ideals that only exist in your mind! Besides, when it gets to 9x you are going to take profits because you will be saying “this might be as good as it ever gets” and you would be right! Take the profit! Never let a profit turn into a loss!

You can always sell half and rebuy some if it drops and then consolidates. Watch out for the ‘dead cat bounce’!

Another possibility is to simply set your sell point as a limit order and then not even look at the chart. Which is quite nice, because chart watching is almost always FOMO-inducing!

Some people in crypto do really well without ever looking at charts – remember that.

Technology Changes

Looking through the charts of what was in the top 100 4 years ago, is extremely educational.

That chart is very different to the top 100 of now. What happened to the majority of those top 100 coins of 2017?

Many of those coins are “old hat” now. They were technologically promising at the time – however another project became the eventual winner out of the stack of coins that were being heralded as solutions to the same problem. Either that or new technology that did not even exist at the time appears and makes the old tech obsolete.

How will you know which one is going to win? It might not even exist yet!

In tech, this usually happens. If you are old enough to remember the internet before Google, you would know that there were once a whole stack of search engines competing for marketshare. Just like the cryptos of today! Eventually, the market decided on “one search engine to rule them all”. We also have one encyclopedia to rule them all, one video site to rule them all… see the pattern? Most of the others eventually get shook out and lose most of their marketshare to the winner.

And you probably haven’t heard of any of them now. Remember Inktomi? 7Search? Didn’t think so. In 10 years time, 90%+ of todays cryptos will be relics. I am already seeing some that no longer have a website as the project obviously folded.

In short, holding the same coin through more than one market cycle is probably not a great idea. You are better off remembering that everything has a rise and a fall, and to accept this as a reality, getting out before the fall and moving on.

What will be hot 4 years from now? Those are the projects to look into!

Trends change and in this space, trend is everything.

Remember the famous quote “I don’t skate to where the puck is, I skate to where the puck is going to be.”

Right now: NFTs, gaming and metaverse cryptos are white hot. DeFi is still pretty hot.

But what is going to be hot in 2, 5 or 10 years? There’s your target!

Strategy Template

So here’s my suggestion for an overall strategy:

1) Don’t put in money you can’t afford to lose. Seriously. Because this is crypto, and sh*t happens. On that note – learn about wallet security and take that side of things seriously.

2) Research. You need EDGE to get the right tokens! How will you KNOW before others know? Lucky guess? Research the heck out of all the new / upcoming projects and get in before the crowd. This is WORK and takes dedication: Understand trends and what is going to be hot for the next few years. Understand which projects have an edge on their competitors and why. (Can you write an essay on why AVAX is better than SOL – or vice versa – and whether it matters? Can you?) Understand tokenomics. Understand all the various scams, so that you can spot and avoid them.

3) Accumulate as large a supply as possible of a carefully chosen handful of small cap winners – during an accumulation phase of the market. Get in before they have massively pumped and reached the top of their trajectory as a business. How big is an amusement arcade going to be, really? A business that sells shovels though – sells opportunity – the kind everyone wants… this is it. Work 2 jobs and put the surplus into accumulating more tokens. Set yourself a target of accumulating ___x___ of your chosen token – this is a good target! Sell your crap on eBay that you no longer use. Just get the tokens. BEFORE it pumps!

4) Hold them until they have pumped significantly – 10x to 100x range is a good target. But taking profits at 2x is great, so long as you have something at least as good to roll them into.

5) Ruthlessly take profits while profits are there. Cull and sell while you are up. Get in before the crowd, get out before the crowd.

6) Recycle those gains into new projects.

7) Rinse and repeat until you arrive at the finish line. Expect that this will take 5+ years and that you should not be sitting still watching from the sidelines, but should be focused on improving your life as though none of the above is guaranteed and that you need to make it regardless.

8) Never forget that this is WORK. Remember John Paul Getty (one of the richest people to ever live) and his famous statement “The harder I worked, the luckier I got”. Remember this! Luck is not an alternative to work. Work your ass off and then put some of that money into investments that might multiply. Continue to work hard while those allocations are doing their magic – and keep going!

Dog Money Is For Two Types Of People

1 – Stupid people.
2 – People who know it is predominantly for stupid people, understand “the madness of crowds” and act accordingly.

But muh shibapoo-mastiff inu!!

Fail. If you think that someone is just going to tell you which coin to buy and all you have to do is sit there while the internet makes you magically rich with no effort and no stress… dream on. Suck it up; dog money is for the lost and the hopeful – but also for a few people who understand the behavior of the lost and the hopeful; and have no qualms about taking their lunch money.

Dog money is this generation’s lottery ticket. Throw a few bucks on it, sure – if you enjoy gambling. Enjoy the ride and the dreams of a better life, but don’t forget, all those 1000x gains come from others who buy higher than you did, also thinking they were going to get gains – and your 1000x gains must inevitably come from others losses… Yes, there will be a few big winners – but it probably won’t be you.

The Absolute Very Best Path Of All To 1000x Gains?

Learn to code.

Bet you weren’t expecting that! πŸ™‚ Except for the OG’s in the audience, who just nodded their approval.

Yes, there’s an old saying among OG’s in the internet business world (ask me how I know πŸ˜‰ )…

The Coders Always Win.

You know it’s true. Deep down in a place you were really hoping you could pretend didn’t exist.

The best way to get 1000x gains is to learn to code like a ninja and either start your own project or join a team that has the insight to recognize and work with your talent.

Sounds difficult – and boring – but might be easier and less stressful than trading? You might not get the “daily dopamine rushes” but you get “dev allocations” – which means a slice of the tokens at the ground floor price (how’s that for getting in before the crowd?); plus a chance to actually control how well a project works, rather than being at the mercy of the market!

Remember, crypto is a playground built by nerds so that the nerds win!

And let’s face it – becoming a billionaire is the ultimate revenge against the school bully…

It’s also a plain fact that blockchain coders are in HUGE demand and short supply.

So maybe it’s time to join team nerd?

Learn to code and go make something awesome. Because the most reliable way to get rich in a gold rush is to sell shovels. πŸ˜‰

How This Trader Just Turned $8000 into $5,712,184,031 – Yes $5.7 BILLION – With ONE TRADE (Is This The Greatest Trade Of All Time?) – And How Can We Do That?

This Trader Just Turned 8000
Graphic Β© 8figurestack.com. Images – Shutterstock 554244451 (under license), Pixabay 6723430 (PD)

Insert boring-but-necessary disclaimer – this is not financial advice, you are probably going to lose money in crypto, do your own research, etc.

I caught this INSANE story posted by Morning Brew – and it’s too wild not to discuss. There is TONS we can learn from this!!

The craziest part about this story is that it looks like it is actually true…

So it turns out that cryptocurrency researchers are trawling through archives of old trades and not only learning from their discoveries but announcing unusual findings. This is now “a thing”. Blockchain trading archives are visible, accessible data; you can for example see the wallet address in the tweet I embedded above.

There are even apps now that facilitate this exploration – such as etherscan.io Look at these – or any crypto chart in depth – and you will see, nestled innocently among the small to medium sized trades, occasional giant trades made by crypto whales.

… and this one researcher uncovered this trade. Buying $8,000 worth of what was then (2020) an unheard-of crypto token that was “way down in the weeds” somewhere. Maybe number 3000+ in the Coinmarketcap charts. Just another memecoin / shitcoin……. that turned into a top 10 coin.

Now we don’t yet know whether that wallet held on to all $8,000 worth of SHIBA INU that they bought in 2020.

However if they did, then that gain of 71,400,000% makes this quite possibly the single greatest trade of all time.

(As well as perfectly timed hype for the holiday-season crypto boom madness that we have seen before…)

How Can I Do What They Did?

Let’s get to the point. The reason why you are here. Enough about them and what they did; how can YOU get your slice of the pie? πŸ™‚

I’ve got some great angles and insight on this and think you are going to love it, so buckle up and lets dive in. Toss the charts out of the window for a minute… and let’s consider some macro factors.

1) Forget SHIB. It’s Done! Pick The Next Mega-Boom Coin.

Doing what our SHIB trader did is theoretically still possible in the booming crypto market; not because of SHIB, but because it’s quite likely that there will be other stories like this in the next few years – perhaps even bigger, as the amount of money in this space continues to expand. However it almost certainly won’t happen again with SHIB. It’s too late for that.

The insanity of SHIB’s mega-boom will however likely push it higher – as it’s now mainstream news worldwide. Depending how many people pile into the SHIB tulip bubble, it could possibly go another 10x or maybe another 100x. But another 1,000,000X seems extremely unlikely. Bet your house AGAINST it type unlikely. It’s already done its thing. Remember the saying – if you see a bandwagon, it’s too late.

In other words, the play here is to forget SHIB and to search the wilderness of new projects and micro caps for the next big winner.

And how to search for these gems, pray tell?

1) 100x and even 1000X coins are not all that rare. There are quite a few people already doing this research and sharing their calls. You can learn a lot from the best of these. Typically, you can see them on Twitter. Great example – SecretsOfCrypto (amazing content).

2) Scour either Coinmarketcap or Coingecko and skip the top 1000. Instead, trawl through the mud, the unheard-of stuff down below… looking for something that jumps out. Apply a research checklist such as the excellent altcoin research checklist shared by SecretsOfCrypto (it’s the second image, I could not figure out how to separate the tweets sorry):

3) Look at sites such as icodrops.com for the new ICOs.

You will quickly see just how many of these micro-cap projects there are to choose from – over 10,000 – and how overwhelming it can be. Your odds of picking a big winner are slim. You will also have to be super patient – as often these might sit in the digital wasteland for months or even a year or more before blowing up (if they do indeed blow up, which some never do…) You will also need to have the skills to move the right digital assets onto the right exchange and position yourself to make the purchase. And then, you will need the diamond hands to HODL all the way through all the dips and troughs, even when it is 1000x, all the way to the million x line..

Still, if you did happen to pick the next “million x” coin and do all of the above correctly – then buying $20 worth would land you a cool 20 million…

2) Branding Is CRITICAL

One thing that almost nobody talks about in crypto is branding. SHIB may be “just another memecoin” – however it has FANTASTIC branding. Talk about mass appeal! The name. The logo. The overall vibe. (Have you read the “woof paper“?) It’s marketing genius!

Everyone looks at the top coins for “signals” and clues as to what will be next – but one thing I have never heard anyone talk about is that the top coins ALL have fantastic branding. Name, visuals, aesthetics, flavour. Flavour! Remember that! History has shown us that you can sell a billion dollars worth of an arguably unhealthy food if it has great flavour! Same goes with cryptos!

Bitcoin: Not only a groundbreaking technology, but a PERFECT name. Perfect!!! Think about it!!! Think about how truly great this name is. It rolls off the tongue as though its stardom was inevitable. Do you seriously think we would be where we are today if they had decided to call it “turdcoin”. Even if it had the absolute same technology, same utility: Terrible name = FAIL. Bitcoin also had that super cool logo…

bitcoinimage – Shutterstock 554244451 (under license)

Look at it. Looking like a dollar symbol but using the letter B, embossed onto a gold coin. How sexy is that? Doesn’t it make you want it? It’s pure fluff… it doesn’t even exist! “It’s not even on the elemental chart.” It doesn’t matter… nobody cares! Want is what matters.

Absolute branding genius. Let’s move on. Ethereum:

ethimage – Shutterstock 709036480 (under license)

Amazing name. Doesn’t it just sound mystical and magical? Combined with that pyramidal symbol; hinting at ancient mysteries, pointing upwards as though indicating that it is going up, up, up and nowhere else. Again, it’s incredibly appealing. The manufacture of desire! Complete branding brilliance.

Now look through more top coins. See the pattern? You are welcome πŸ˜‰

You could almost go so far as to say that the branding is even more important than the “real world benefits” – and that SHIB has proven this. We already knew it, in fact. Just look around you at the world’s top brands.

The fact that branding often has more power than utility is is a key, eye-opening fact that most simply cannot accept.. It’s all wrong. It’s outrageous. It’s offensive.

But it works. Now let’s talk about outrage…

3) Disruptive – In A Seemingly Outrageous Or Nonsensical Way

This is also critical. Bitcoin disrupts money. It does something that “normal money” simply cannot do.

The other thing about bitcoin that many forget is that it was massively controversial back in the day. It’s been accepted now – but in the beginning, it caused true outrage. People were infuriated that this “fake money” could be treated as though it was a “real asset” even though it was essentially made out of nothing more than data in computers. Money made out of ones and zeros? What an outrage! Totally ephemeral! Having no substance whatsoever! No real gold to get your hands on. What happens if the power goes out? What happens if it is hacked? What an outrage!

Let’s not forget that paper money too is “just pieces of paper”! Very sexy-looking pieces of paper though, as pieces of paper go – did you notice that? Great branding!

Back to the topic. The outrage was a CRITICAL component of Bitcoin’s success. Understand this!!! As Bitcoin’s price rose, so did the outrage. How DARE this DESPICABLE “unreal money” actually become something real!!! And the outrage spiked news stories, which got everyone talking, which made more people jump in, which made the price rise more, which caused more outrage and more publicity…

Now do you see it? Same with DOGE. A JOKE coin that went ballistic. What an outrage! Now SHIB. Another “stupid dog coin” going up 845% in a few days, while all those well-put together “real” tech projects do 10% at best!

There are many more examples of outrage helping a company along. Tesla motors: remember the outrage against them from the legacy auto industry?

Now look at NFTs. What an OUTRAGE – that a stupid JPEG of garbage non-art, created randomly by a computer, can become valuable.

In today’s news – a CryptoPunk NFT just sold for $532 MILLION

How outrageous is that? How totally punk rock to slap art in the face and make $532 million in the process. πŸ™‚ A perfect example of outrage marketing…

4) Timing is everything

In crypto, timing really is everything.

Most people trade in the complete opposite way to the profitable way. They pile their money “on the horse that’s already winning”. That might work for a horse race (if you were allowed to place bets in the final furlong!) but that’s not how it works in the markets.

This phenomenon is what causes people to “buy the top”. They see how much it has already gone up and think “it’s bound to go higher”.

But imagine if you had bought low – months ago – and were now seeing that price. You would be thinking I’m taking my money RIGHT NOW – before this thing tanks! So those extreme highs means that people are up, big time – which means they are selling – and you guessed it. That means it is likely on the way down soon. Once a few whales cash out and it starts to dip, lots of other people will cash out, which will make it dip more… and the snowball effect will amplify the sell-off and make it tank.

It’s pure herd instinct! But the wolf doesn’t do what the herd is doing…

People “buy their emotions”. They buy when the excitement is already on something. When it’s already gone up. This is the wrong time.

The wolf zigs when everyone else zags. The wolf trades asymmetrically.

How many times have we heard the world’s greatest investors illustrate this? – such as Warren Buffett – with his famous quote “Be fearful when everyone else is greedy and be greedy when everyone else is fearful.” And the famous Baron Rothschild quote “Buy when there is blood in the streets, even if the blood is your own.”

Think about it. At those times – when there is “blood in the streets” of the markets – the mindset of the masses will be “@#$% this piece of @#$% coin. @#$% cryptocurrency. I need to get OUT of this @#$% NOW before it ruins me any more!!” At that point, they are offloading (too low!) – wallet and pride wounded, overtaken by fear or even panic, without thinking, without strategy.

That’s the buy signal!

Others too have said that when we see a boom of “dog coins” and other irrational stuff; when the mass public is hyped to the max – that’s when it’s time to call the top.

So think about our SHIB trader. He/she bought it when it was (sorry)… a pile of dogshit. πŸ™‚ When nobody wanted it. When it didn’t look like it was going to do anything.

Making a wild guess here – I highly doubt it was their first rodeo. This person may well have already made a big pile on crypto and deliberately decided to take 10% of that and buy 50 new, obscure projects before anyone cared about them. It’s HIGHLY unlikely that they put their last $8,000 on some unheard-of token before anyone in the world was interested in it.

It’s also possible that they were “close to the action”. They might have known the credentials of the players on the SHIB team and thought “this is going to be big”.

Summary

So now you have four interesting macro indicators to add into the mix of your coin research, along with all the other technical and macroeconomic factors that everyone else talks about! Look for something that hasn’t done its thing yet, that has massive raw appeal, that has some kind of outrage or talking point that goes viral – and look for an entry point into the market when the general sentiment is bad, fearful or otherwise maximally negative.

Further Notes And Important Takeaways:

Note #1: This Is Wealth Transfer, Not Wealth Creation

Wealth is not being created here (unless the project has some real world utility). This is essentially money moving from one pocket to another. It’s important to understand this and its implications. Let’s assume for the sake of argument that SHIB is “just a memecoin” and despite the charitable focus and other interesting ideas, let’s assume that one day it will go to zero.

Let’s also assume that our early buyer sells high and cashes in right now. That means that all of the $5.7 billion earned from this trade ultimately came from other buyers who “bought the top” – thinking it was going to go higher. Maybe it does go higher. Then that money is passed on from other buyers who bought even higher. So it’s just money flowing from one pair of hands to another.

For every cryptocurrency winner, there is likely to be a cryptocurrency loser – or perhaps ten. And all of the money that went to make up this crazy story came from someone else’s pockets.

Note #2: The House Always Wins

Now this is key. In the casino, the odds and probabilities are finely calculated so that the house gets their take and always profits. This means that on balance, if you averaged out all the winners and the losers, everyone else except the casino is on a loss.

The same applies here. How? Because everyone buying and selling crypto is getting dinged multiple times on the way in and on the way out.

First, when you buy crypto with fiat currency – lets say on Coinbase or wherever, Coinbase charges a fee. Quite a savage fee – in my humble opinion. But you will pay it, because you are caught up in the rush of excitement and their 3% seems like a trifle compared to the 10,000% you are about to make… oh and if you bought with credit card, you might get a fee there too.

Second, they charge a spread. In addition to the fee! You probably didn’t even notice. A spread is a small (or not so small!) adjustment to the exchange rate – so that you get dinged a little bit on the swap each time there is an exchange transaction.

Third, there is a fee when you bounce your shiny new bitcoin to the trading platform you are about to plunder.

Fourth, each trade on the exchanges has a maker / taker fee. This might typically be 0.1% – small enough to make a minimal difference to the profitability of your trades – however on the billions of dollars of transaction volume pumping through the big exchanges daily, that adds up to a huge amount. Not to discredit the exchanges – as the task of running a crypto exchange is reportedly one of the most challenging / demanding businesses in the world.

Fifth, you get dinged again on both the platform fees AND on the spreads on the way out into fiat again!

And Sixth – but certainly not least… every profitable trade is taxed. More than once! Three times, in fact. Let’s say our intrepid SHIB trader cashes out his billions. This person is going to get hit with capital gains tax, which depending on their location, could be 28% or even more! And you thought Coinbase fees were high! πŸ™‚ But it gets worse… lets say next they buy a house – bam. They get hit again with another big slice – real estate taxes. They then go Christmas shopping. Bam – sales tax / value added tax on everything. And then at the end of the day, when the curtain comes down and they try to leave whatever they have left to their kids – bam. Taxed a third time. The final nail in the coffin: Estate tax, possibly another 35% of what remains.

Can you believe all that?? Now you know what I mean when I say the house always wins… πŸ˜‰ And this is “decentralized finance” baby! Where we are going to stick it to the banks and to the man and we are going to take our power back!

Mmhmm. Sure.

The only ways to “win” this game are therefore a) not to play (that could hardly be called winning) and b) to win so extremely big that even after the crypto exchange, the various financial intermediaries and finally Big Daddy have taken their slice, you still have F.U. money left. At this point your troubles are not over, though – you’ll probably want absolutely first class accountants; then you are going to have to deal with everyone else wanting to get their hands on your gold and so you will move to a different part of the world – and end up living as a semi-reclusive tax-exile expat in Monaco or similar. Fun times! It could be worse.

And it probably won’t be you. πŸ˜‰

Note #3: Take Profit Before It Goes Back Down

There is an old saying among traders “Never let a profitable trade turn into a loss” and this is a truth. Taking profit is always ok – because you don’t know when the top will be. Nobody does – and when it happens, in crypto, you typically get a big, fast correction. In other words, if you leave it in too long, hoping to squeeze the last drop of juice out of the orange, you might get caught by the drop.

A good strategy here is to “ladder out”. This means sell some at various profit percentages. This way, you sell some when it’s up, but leave some in, in case it goes higher – and set a stop-loss “in profit”. This is a great position to be in and mean that even if it absolutely tanks tomorrow, you still made money! You have, however, still got “unlimited upside potential” and can then relax. Your work is done and you can let it run. Take some more profit when it goes higher again!

A nice tactic in crypto is to take 50% out when it goes 2x. This means you got all your money back and the remainder is “the house’s money” that you can relax about because it’s all upside (aside from the fees and taxes).

But how do you take profit when you have $5.7 billion and it would crash the market if you did?

First world problems πŸ˜‰ Enjoy the ride… Staxxx