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Home/Catalog/Finance/Banks and banking products/How I Made Money in Crypto as a Total Newbie - TRON (TRX) to the Rescue!
TRON (TRX) Cryptocurrency Reviews
FinanceBanks and banking products
TRON (TRX) Cryptocurrency Reviews

TRON (TRX) cryptocurrency product

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How I Made Money in Crypto as a Total Newbie - TRON (TRX) to the Rescue!

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Posted last week
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clever-sparrow-6797Reviewer Community Member

add_circle Pros

  • TRON (TRX) has a solid growth trajectory that's hard to ignore.
  • The TRON network is decentralized, meaning it's not controlled by any government or institution.
  • I was able to make a steady profit with TRON (TRX), even as a total newbie.
  • The TRON community is active and supportive, which made it easier for me to learn and grow.
  • TRON (TRX) has a low transaction fee compared to other cryptocurrencies.
  • I was able to invest in TRON (TRX) with a relatively small amount of money, making it more accessible to me.

remove_circle Cons

  • The crypto market can be volatile, and prices can drop suddenly.
  • I had to do my own research and stay up-to-date on market trends to make informed decisions.
  • There's always a risk of losing money in the crypto market, even with a solid investment like TRON (TRX).
  • I had to be patient and wait for the right moment to invest in TRON (TRX).
  • The crypto market can be overwhelming, especially for a total newbie like me.

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Editor's Summary

I'm living proof that making money in crypto isn't just for experts. With TRON (TRX), I was able to navigate the world of cryptocurrency and come out on top. Of course, it's not without its risks, but I'll share my honest experience and what I learned along the way.

Specifications

Kararİyi
Gelişmişlik9/10
Kazançlılık8/10
Kullanışlılık7/10

I'm not gonna lie, everyone's talking about making money in crypto right now. Sure, some people are raking it in, but let's be real, it's not easy to make a steady profit. You need to put in the time and effort to really understand what you're doing.

Can a total newbie, someone who's never really dabbled in finance, make money in crypto? I'm living proof that it's possible, even if I didn't exactly dive headfirst into the world of crypto. Now, I'm gonna share my experience with working with TRON (TRX).

So, how do you make money in crypto? There are basically two ways:

1. Playing the market fluctuations. Crypto prices are all over the place, constantly going up and down. You can make a profit by buying low and selling high, but it's not as easy as it sounds. You need to be on top of the trends, and even then, it's a gamble. I tried this approach, and while I did make some money, I also lost it all when the market tanked. I didn't really make any progress.

2. Investing in a crypto with a solid growth trajectory and waiting for the price to go up. This one's a bit more straightforward, but you need to pick the right crypto. Not all of them are going to increase in value.

I went with the second option, and I chose TRON (TRX) as my investment.

A little about TRON (TRX):

TRON (TRX) is the native cryptocurrency of the TRON blockchain platform, which supports decentralized apps.

TRON launched in 2017 in China and positioned itself as the 'Ethereum killer.' The project aims to simplify the development of decentralized apps and support smart contracts from other blockchains.

TRX can be used as a payment method for transactions and purchases, including online services and prepaid cards.

You can store the coin in the official TronLink wallet or in popular crypto wallets like Trust Wallet, Exodus, Coinbase Wallet, Trustee Wallet, and others.

Why did I choose TRON (TRX)? I looked at the price charts for various cryptos over a long period and found that TRON (TRX) is one of the few that consistently goes up, even with significant fluctuations.

I\'m not gonna lie, I didn\'t put in a huge amount since I\'m a newbie. I decided to start with a small investment - I allocated 2000 rubles for it. I didn\'t bother setting up a special wallet, since most decent payment systems have cryptocurrency wallets, like Webmoney, Payeer, FKVault, and many others. I already had a Payeer e-wallet set up, which also had a TRON (TRX) cryptocurrency wallet. I decided to use Payeer for storing and operating with TRON (TRX).

Through Payeer\'s internal exchange, I bought TRON (TRX) at the current exchange rate (which was at the beginning of September 2023). I spent 1999 rubles on the purchase. This is the initial amount, and all further assessments will be made from this point. After that, I just sat back and watched the changes in the ruble amount on my Payeer wallet. As TRON (TRX) rose in value, the number of rubles on my wallet increased, and it was super convenient to evaluate the investment\'s profitability in rubles.

TRON (TRX) started showing a small but steady growth. I began taking screenshots of my Payeer wallet to track the changes in the exchange rate. And by October 2nd, thanks to the growth of the TRON (TRX) rate, the amount on my wallet had increased slightly, but it was still a growth.

By February 5th, 2024, I could already assess the effectiveness of my investment. After 4 months, the profit was noticeable (considering the initial amount invested in buying cryptocurrency was pretty small).

I didn\'t buy or sell TRON, the amount of cryptocurrency remained the same, but its value in rubles kept increasing.

Just 10 days later (February 15th, 2024), the amount on my account exceeded 3000 rubles.

By February 27th, the amount on my account had reached 3337 rubles. During the summer, the exchange rate fluctuated around 3500 rubles, with some pretty significant swings. Sometimes the rate would drop, but it would always bounce back quickly.

By August 23rd, 2024, the amount on my account was even more impressive.

And then in the fall, the growth just went wild. By October 25th, the amount on my account had exceeded 4000 rubles (remember, the initial investment was just 1999 rubles?)

I'm still blown away by how quickly my investment in TRON (TRX) has grown. Just 16 days ago, my balance was already over 5,000 rubles.

And now, on November 30th, 2024, my balance is a whopping 5,699 rubles (sometimes it even hit 5,800 rubles, the price is super volatile).

So, here's the deal: I put in 1,999 rubles with zero knowledge of cryptocurrency, and I'm now sitting on 5,699 rubles - that's a 285.1% return in just 14 months. I mean, you won't find that kind of return on any bank deposit, stocks, or regular currency investments. I'm seriously wondering what would've happened if I had invested a few million instead of just 1,999 rubles... but that's just a pipe dream.Anyway, TRON (TRX) seems like a solid choice for investments and savings, with a clear upward trend in its price. Of course, you gotta keep in mind that cryptocurrency investments are pretty high-risk, with prices fluctuating wildly.

Update: As of now, TRON is already over 6,200 rubles. But when the South Korean president tried to become a dictator in December 2024, TRON skyrocketed to 10,500 rubles! Too bad I couldn't sell at that price.

Featured FAQ

Is TRON (TRX) a good investment for beginners?

TRON (TRX) can be a good investment for beginners, but it's essential to do your own research and understand the risks involved. I recommend starting with a small investment and gradually increasing it as you become more comfortable with the market.

How do I buy TRON (TRX)?

You can buy TRON (TRX) on various cryptocurrency exchanges, such as Binance or Kraken. Make sure to follow the exchange's guidelines and fees.

What is the TRON network?

The TRON network is a decentralized platform that allows for fast and secure transactions. It's built on a blockchain technology that's resistant to censorship and tampering.

Can I use TRON (TRX) for everyday transactions?

While TRON (TRX) can be used for everyday transactions, it's not yet widely accepted as a form of payment. However, it's being used in various applications, such as gaming and social media.

Is TRON (TRX) a secure investment?

TRON (TRX) has a strong security track record, but as with any investment, there's always a risk of hacking or other security breaches. Make sure to keep your private keys safe and use a reputable wallet.

Can I mine TRON (TRX)?

TRON (TRX) uses a proof-of-stake (PoS) consensus algorithm, which means that mining is not necessary. Instead, validators are rewarded with TRON (TRX) for securing the network.

What is the current price of TRON (TRX)?

The current price of TRON (TRX) can be found on various cryptocurrency websites, such as CoinMarketCap or CoinGecko.

How do I store my TRON (TRX)?

You can store your TRON (TRX) in a hardware wallet, such as a Ledger or Trezor, or in a software wallet, such as a desktop or mobile app.

Can I use TRON (TRX) for international transactions?

Yes, TRON (TRX) can be used for international transactions, as it's a decentralized currency that's not tied to any country or institution.

Is TRON (TRX) a regulated currency?

TRON (TRX) is not a regulated currency in the classical sense, as it's a decentralized cryptocurrency. However, it's subject to various regulations and laws in different countries.

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TRON (TRX) Cryptocurrency Reviews

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